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2026 Semi-Annual Financial

Statements and Additional

Information (Unaudited)

iShares Trust

• iShares ESG Advanced Universal USD Bond ETF | EUSB | NYSE Arca

• iShares ESG Aware 1-5 Year USD Corporate Bond ETF | SUSB | NASDAQ

• iShares ESG Aware U.S. Aggregate Bond ETF | EAGG | NYSE Arca

• iShares ESG Aware USD Corporate Bond ETF | SUSC | NASDAQ

AUGUST 31, 2026

NM1026U-6054787-1/176

Page 2

Page Schedules of Investments ............................................................................................................................... .................... 3 Statements of Assets and Liabilities ............................................................................................................................... . . . . . . . . . . . 152 Statements of Operations ............................................................................................................................... . . . . . . . . . . . . . . . . . . . . 153 Statements of Changes in Net Assets ............................................................................................................................... . . . . . . . . . 154 Financial Highlights ............................................................................................................................... . . . . . . . . . . . . . . . . . . . . . . . . . . 156 Notes to Financial Statements ............................................................................................................................... . . . . . . . . . . . . . . . . 160 Additional Information ............................................................................................................................... . . . . . . . . . . . . . . . . . . . . . . . . 169 Board Review and Approval of Investment Advisory Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170 Glossary of Terms Used in these Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175

Table of Contents

NM1026U-6054787-2/176 2

Page 3

Security

Par (000) Value

Asset-Backed Securities American Express Credit Account Master Trust 5.24%, 04/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 500 $ 507,874 4.30%, 07/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250 248,952 GM Financial Consumer Automobile Receivables Trust, 5.16%, 08/16/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500 502,722 Honda Auto Receivables Owner Trust, 4.04%, 02/21/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500 497,047

Total Asset-Backed Securities — 0.3% (Cost: $1,763,223) ............................................... 1,756,595

Collateralized Mortgage Obligations Mortgage-Backed Securities — 0.9% Bank 2.56%, 05/15/64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 178,201 2.93%, 02/15/55 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500 446,292 Barclays Commercial Mortgage Trust, Series 2019-C3, Class A4, 3.58%, 05/15/52 . . . . . . . . . . . . . . . 100 96,229 Benchmark Mortgage Trust 5.18%, 04/15/57 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 100,037 Series 2020-B21, Class A4, 1.70%, 12/17/53 . . . . . . . 100 89,214 BMO Mortgage Trust, 5.88%, 09/15/57 (a) . . . . . . . . . . . . . 100 98,130 CGMS Commercial Mortgage Trust, Series 2017-B1 AAB3.24%, 08/15/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 23,398 CSAIL Commercial Mortgage Trust, 4.05%, 03/15/52. . 200 195,174 Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates 3.00%, 09/25/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500 478,823 4.40%, 06/25/35 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500 478,878 4.51%, 07/25/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300 298,011 5.36%, 01/25/29 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 950 962,185 GS Mortgage Securities Trust, 2.12%, 05/12/53 . . . . . . . 250 231,708 JPMF1 Multifamily Mortgage Trust, 5.81%, 05/15/59 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500 501,082 Morgan Stanley Capital I Trust, 4.41%, 10/15/51 (a) .... 1,205 1,189,316 UBS Commercial Mortgage Trust, Series 2018-C13 ASB4.24%, 10/15/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 41,312 Wells Fargo Commercial Mortgage Trust 5.59%, 07/15/58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 700 709,517 Series 2021-C59, Class A5, 2.63%, 04/15/54 . . . . . . . 600 535,135 6,652,642

Total Collateralized Mortgage Obligations — 0.9% (Cost: $6,812,899) ............................................... 6,652,642

Corporate Bonds & Notes Advertising — 0.1% Clear Channel Outdoor Holdings, Inc. 7.13%, 02/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 51,504 7.50%, 06/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50,000 7.50%, 03/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 57,929 7.75%, 04/15/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 57,000 7.88%, 04/01/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 88,245 Outfront Media Capital LLC/Outfront Media Capital Corp. 4.25%, 01/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 31,186 4.63%, 03/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,078 6.00%, 06/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,708

Security

Par (000) Value

Advertising (continued) 7.38%, 02/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 30 $ 31,138 420,788 Aerospace & Defense — 0.0% ATI, Inc. 4.88%, 10/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,734 5.13%, 10/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,554 5.88%, 06/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,199 7.25%, 08/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 31 ,099 Hexcel Corp., 4.90%, 05/15/31 ....................... 5 4,910 105,496 Agriculture — 0.0% Darling Ingredients, Inc., 6.00%, 06/15/30 (b) . . . . . . . . . . 70 70 ,357

Airlines — 0.1% Alaska Airlines, Inc., 6.50%, 06/01/31 (b) . . . . . . . . . . . . . . . 25 24 ,961 Allegiant Travel Co., 7.13%, 07/01/31 (b) . . . . . . . . . . . . . . . 35 35 ,357 AS Mileage Plan IP Ltd., 5.31%, 10/20/31 (b) . . . . . . . . . . 110 106,811 JetBlue Airways Corp./JetBlue Loyalty LP, 9.88%, 09/20/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 107,222 JetBlue Pass-Through Trust, Series 1A, 4.00%, 05/15/34 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 32 ,750 Latam Airlines Group SA, 7.88%, 04/15/30 (d) . . . . . . . . . . 110 113,167 United Airlines Holdings, Inc. 4.88%, 03/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59 ,290 5.38%, 03/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59 ,462 United Airlines Pass-Through Trust 5.80%, 07/15/37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133 135,672 Series 2018-1, Class AA, 3.50%, 09/01/31 ......... 3 2,980 Series AA, 5.45%, 08/15/38 . . ..................... 5 4,573 United Airlines, Inc., 4.63%, 04/15/29 (b) . . . . . . . . . . . . . . . 250 246,299 928,544 Apparel — 0.0% Crocs, Inc. 4.13%, 08/15/31 (b)(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 27 ,858 4.25%, 03/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,199 Gildan Activewear, Inc., 5.40%, 10/07/35 (b) . . . . . . . . . . . 60 57,459 Kontoor Brands, Inc., 4.13%, 11/15/29 (b) . . . . . . . . . . . . . . 30 28 ,685 Under Armour, Inc., 7.25%, 07/15/30 (b) . . . . . . . . . . . . . . . 25 25 ,176 William Carter Co. (The), 7.38%, 02/15/31 (b)(c) . . . . . . . . 25 25 ,794 Wolverine World Wide, Inc., 4.00%, 08/15/29 (b) . . . . . . . 40 38 ,056 227,227 Auto Manufacturers — 0.8% American Honda Finance Corp. 2.00%, 03/24/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 191,864 2.25%, 01/12/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 285 268,587 4.40%, 09/05/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 113,218 4.45%, 10/22/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 119,798 4.60%, 04/17/30 . ................................. 5 4,916 4.80%, 03/05/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,903 4.85%, 10/23/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 122,719 4.90%, 01/10/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 101,276 5.10%, 01/08/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,269 5.15%, 07/09/32 . ................................. 5 4,953 5.20%, 03/05/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 87 ,864 5.65%, 11/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,271 Series A, 5.05%, 07/08/31. . . . . . . . . . . . . . . . . . . . . . . . . 50 49 ,578 Cummins, Inc. 1.50%, 09/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 96 ,838 2.60%, 09/01/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 14 ,349 4.25%, 05/09/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,935

Schedule of Investments (unaudited) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

3 2026 I S HARES S EMI -A NNUAL F INANCIAL S TATEMENTS AND NM1026U-6054787-3/176 A DDITIONAL I NFOR NM A M1026U60547 DDITIONAL 7 I 3/176 NFORMATION

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Security

Par (000) Value

Auto Manufacturers (continued) 4.70%, 02/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 120 $ 1 19,197 4.88%, 10/01/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 63,474 5.15%, 02/20/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 69,666 5.30%, 05/09/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,838 5.45%, 02/20/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 64,881 Daimler Truck Finance North America LLC 4.15%, 01/12/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 152,528 4.50%, 04/12/31 (b) ................................ 5 4,852 5.00%, 10/12/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 147,054 5.63%, 01/13/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165 164,671 General Motors Financial Co., Inc. 2.40%, 04/10/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 192,521 2.70%, 06/10/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 178,181 3.10%, 01/12/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170 152,148 3.60%, 06/21/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320 302,890 3.85%, 01/05/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 44,449 4.60%, 01/08/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,757 5.45%, 09/06/34 .................................. 5 4,906 5.45%, 01/08/36 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,628 5.75%, 02/08/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,291 5.80%, 01/07/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 470 478,683 6.10%, 01/07/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 260 266,661 6.15%, 07/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185 188,658 PACCAR Financial Corp. 4.00%, 08/08/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,852 4.00%, 09/26/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,756 4.55%, 03/03/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185 185,164 4.60%, 01/31/29 .................................. 5 5,000 Series R, 4.00%, 11/07/28 ......................... 5 4,940 Toyota Motor Credit Corp. 3.38%, 04/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320 304,212 4.05%, 09/05/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 98,979 4.45%, 06/29/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 198,533 4.80%, 01/05/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 305 297,289 5.10%, 03/21/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 201,015 5.25%, 09/11/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500 506,069 Series B, 4.50%, 07/09/29 . . . . . . . . . . . . . . . . . . . . . . . . . 60 59,617 Series B, 4.80%, 01/11/36 (c) . . . . . . . . . . . . . . . . . . . . . . . 100 95,953 5,891,651 Auto Parts & Equipment — 0.2% American Axle & Manufacturing, Inc. 5.00%, 10/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,178 6.38%, 10/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50,036 7.75%, 10/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 75,324 Aptiv Swiss Holdings Ltd. 3.10%, 12/01/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 8,826 4.15%, 05/01/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 74,762 6.88%, 12/15/54, (5-year CMT + 3.39%) (a) . . . . . . . . . 25 25,198 Clarios Global LP/Clarios U.S. Finance Co., 6.75%, 09/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 71,299 Dana, Inc. 4.25%, 09/01/30 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 15,931 4.50%, 02/15/32 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 10,952 Dorman Products, Inc., 6.25%, 06/15/34 (b) . . . . . . . . . . . . 25 25,250 Garrett Motion Holdings, Inc./Garrett LX I SARL, 7.75%, 05/31/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 54,069 Lear Corp. 3.50%, 05/30/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,138 3.55%, 01/15/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 12,832 3.80%, 09/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,733 4.25%, 05/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39,172

Security

Par (000) Value

Auto Parts & Equipment (continued) 5.25%, 05/15/49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 20 $ 17,217 LG Energy Solution Ltd. 5.38%, 07/02/29 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 200,965 5.88%, 04/02/36 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 197,156 Phinia, Inc. 6.63%, 10/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,521 6.75%, 04/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,920 1,033,479 Banks — 5.8% ABN AMRO Bank NV 2.47%, 12/13/29, (1-year CMT + 1.10%) (a)(b) . . . . . . . 70 66,278 3.32%, 03/13/37, (5-year CMT + 1.90%) (a)(b) . . . . . . . 60 53,220 4.83%, 02/26/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 18 ,881 5.52%, 12/03/35, (1-year CMT + 1.25%) (a)(b) . . . . . . . 195 194,012 Abu Dhabi Commercial Bank PJSC, 5.50%, 01/12/29 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 201,859 AIB Group PLC 5.32%, 05/15/31, (1-day SOFR + 1.65%) (a)(b) . . . . . . . 30 30,079 5.87%, 03/28/35, (1-day SOFR Index + 1.91%) (a)(b) . 215 218,894 6.61%, 09/13/29, (1-day SOFR + 2.33%) (a)(b) . . . . . . . 40 41,224 Al Rajhi Sukuk Ltd., 5.65%, 03/16/36, (5-year CMT + 2.00%) (a)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 197,187 Associated Banc-Corp, 6.46%, 08/29/30, (1-day SOFR + 3.03%) (a) ................................. 5 5,123 Banco do Brasil SA/Cayman, 6.25%, 04/18/30 (d) . . . . . . 200 203,346 Bank Hapoalim BM, 5.25%, 01/14/33 (b)(d) . . . . . . . . . . . . . 200 196,180 Bank of China Ltd./Sydney, 4.15%, 11/10/30, (1-day SOFR Index + 0.49%) (a)(d) . . . . . . . . . . . . . . . . . . . . . . . . . 200 200,714 Bank of Ireland Group PLC, 5.60%, 03/20/30, (1-day SOFR + 1.62%) (a)(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 ,468 Bank of Montreal 3.09%, 01/10/37, (5-year CMT + 1.40%) (a) . . . . . . . . . 90 79 ,541 3.80%, 12/15/32, (5-year USD Swap + 1.43%) (a) . . . 120 117,985 4.06%, 09/22/28, (1-day SOFR Index + 0.75%) (a) . . . 100 99,452 4.64%, 09/10/30, (1-day SOFR + 1.25%) (a) . . . . . . . . . 45 44 ,609 5.00%, 01/27/29, (1-day SOFR Index + 0.67%) (a) . . . 75 75,337 5.20%, 02/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 120,936 5.51%, 06/04/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 56 ,091 5.72%, 09/25/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 127,394 Series H, 4.70%, 09/14/27 . . . . . . . . . . . . . . . . . . . . . . . . 125 125,324 Series J, 4.44%, 01/14/32, (1-day SOFR + 0.97%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 87 ,377 Bank of New York Mellon Corp. (The) 1.65%, 07/14/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 18 ,990 1.65%, 01/28/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 30 ,717 1.80%, 07/28/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 90 ,729 3.00%, 10/30/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 110,937 3.30%, 08/23/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 100,621 3.40%, 01/29/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 163 160,829 3.85%, 04/28/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 127 125,846 3.85%, 04/26/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39 ,180 4.29%, 06/13/33, (1-day SOFR + 1.42%) (a) . . . . . . . . . 120 114,445 4.71%, 02/01/34, (1-day SOFR + 1.51%) (a) . . . . . . . . . 15 14 ,529 4.94%, 02/11/31, (1-day SOFR + 0.89%) (a) . . . . . . . . . 115 114,821 4.97%, 04/26/34, (1-day SOFR + 1.61%) (a) . . . . . . . . . 85 83 ,418 4.98%, 03/14/30, (1-day SOFR + 1.09%) (a) . . . . . . . . . 80 80 ,314 5.06%, 07/22/32, (1-day SOFR + 1.23%) (a) . . . . . . . . . 20 19 ,956 5.19%, 03/14/35, (1-day SOFR + 1.42%) (a) . . . . . . . . . 100 98 ,972 5.23%, 11/20/35, (1-day SOFR + 1.25%) (a) . . . . . . . . . 45 44 ,554 5.32%, 06/06/36, (1-day SOFR + 1.35%) (a) . . . . . . . . . 70 69 ,483 5.61%, 07/21/39, (1-day SOFR + 1.77%) (a) ......... 5 4,990

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054787-4/176 4

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Banks (continued) 5.80%, 10/25/28, (1-day SOFR Index + 1.80%) (a) . . . $ 55 $ 55,763 5.83%, 10/25/33, (1-day SOFR Index + 2.07%) (a) . . . 75 77,395 6.47%, 10/25/34, (1-day SOFR + 1.85%) (a) . . . . . . . . . 110 1 17,183 Series J, 1.90%, 01/25/29 . . . . . . . . . . . . . . . . . . . . . . . . . 45 42,189 Bank of New Zealand, 4.85%, 02/07/28 (b) . . . . . . . . . . . . . 15 15,052 Bank of Nova Scotia (The) 2.15%, 08/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 135,268 2.45%, 02/02/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 52,458 4.34%, 09/15/31, (1-day SOFR + 1.09%) (a) ......... 5 4,854 4.40%, 09/08/28, (1-day SOFR + 1.00%) (a) . . . . . . . . . 115 1 14,702 4.59%, 05/04/37, (5-year CMT + 2.05%) (a) . . . . . . . . . 120 1 14,030 4.74%, 11/10/32, (1-day SOFR + 1.44%) (a) . . . . . . . . . 30 29,239 4.85%, 02/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 44,877 5.13%, 02/14/31, (1-day SOFR + 1.07%) (a) . . . . . . . . . 90 90,063 5.25%, 06/12/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 65,748 5.45%, 08/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 122,422 5.65%, 02/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 122,038 Bank of the Philippine Islands, 5.00%, 04/07/30 (d) . . . . . 200 200,575 BSF Sukuk Co. Ltd., 5.38%, 01/21/30 (d) . . . . . . . . . . . . . . 200 201,958 CaixaBank SA 5.40%, 04/22/37, (1-day SOFR + 1.53%) (a)(b) . . . . . . . 15 14,530 5.67%, 03/15/30, (1-day SOFR Index + 1.78%) (a)(b) . 5 5,074 6.04%, 06/15/35, (1-day SOFR + 2.26%) (a)(b) . . . . . . . 25 25,529 6.21%, 01/18/29, (1-day SOFR + 2.70%) (a)(b) . . . . . . . 200 203,725 6.84%, 09/13/34, (1-day SOFR + 2.77%) (a)(b) . . . . . . . 220 235,132 Canadian Imperial Bank of Commerce 3.60%, 04/07/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 73,904 4.28%, 01/29/30, (1-day SOFR Index + 0.79%) (a) . . . 120 118,149 4.58%, 09/08/31, (1-day SOFR Index + 1.17%) (a) . . . 15 14,699 4.63%, 09/11/30, (1-day SOFR + 1.34%) (a) . . . . . . . . . 15 14,834 4.86%, 03/30/29, (1-day SOFR + 1.03%) (a) . . . . . . . . . 150 150,197 5.25%, 01/13/31, (1-day SOFR + 1.11%) (a) . . . . . . . . . 110 1 10,526 5.26%, 04/08/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 1 16,159 6.09%, 10/03/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 1 14,920 Capital One N.A., 4.65%, 09/13/28 . . . . . . . . . . . . . . . . . . . 250 249,928 CBQ Finance Ltd., 5.38%, 03/28/29 (d) . . . . . . . . . . . . . . . . 200 200,271 China Construction Bank Corp./London, 4.14%, 09/11/28, (1-day SOFR Index + 0.50%) (a)(d) . . . . . . . . 200 200,458 Citizens Financial Group, Inc. 2.64%, 09/30/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135 1 14,534 3.25%, 04/30/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,078 5.25%, 03/05/31, (1-day SOFR + 1.26%) (a) . . . . . . . . . 65 65,053 5.30%, 01/29/36, (5-year CMT + 1.45%) (a) . . . . . . . . . 70 68,341 5.64%, 05/21/37, (5-year CMT + 2.75%) (a) . . . . . . . . . 40 39,452 5.72%, 07/23/32, (1-day SOFR + 1.91%) (a) . . . . . . . . . 25 25,302 5.84%, 01/23/30, (1-day SOFR + 2.01%) (a) . . . . . . . . . 130 132,336 Commonwealth Bank of Australia 2.69%, 03/11/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 178,849 3.61%, 09/12/34, (5-year CMT + 2.05%) (a)(b) . . . . . . . 200 190,654 3.90%, 03/16/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 198,068 3.90%, 07/12/47 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 225 173,798 4.32%, 01/10/48 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 155,370 Commonwealth Bank of Australia/New York, Series C, 4.36%, 03/27/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,821 DIB Sukuk Ltd., 5.24%, 03/04/29 (d) . . . . . . . . . . . . . . . . . . . 200 201,338 DNB Bank ASA 4.83%, 03/30/32, (1-day SOFR + 1.13%) (a)(b) . . . . . . . 15 14,756 4.85%, 11/05/30, (1-day SOFR + 1.05%) (a)(b) . . . . . . . 10 9,968 Fifth Third Bancorp 4.00%, 02/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 1 12,295 4.34%, 04/25/33, (1-day SOFR + 1.66%) (a) . . . . . . . . . 65 61,574

Security

Par (000) Value

Banks (continued) 4.57%, 04/29/32, (1-day SOFR + 0.95%) (a) . . . . . . . . . $ 100 $ 96,893 4.90%, 09/06/30, (1-day SOFR + 1.49%) (a) . . . . . . . . . 70 69 ,656 5.14%, 01/29/37, (1-day SOFR + 1.24%) (a) . . . . . . . . . 100 95 ,674 5.63%, 01/29/32, (1-day SOFR + 1.84%) (a) . . . . . . . . . 195 197,517 5.98%, 01/30/30, (1-day SOFR + 2.16%) (a)(b) . . . . . . . 10 10,214 6.34%, 07/27/29, (1-day SOFR + 2.34%) (a) . . . . . . . . . 35 35 ,961 6.36%, 10/27/28, (1-day SOFR Index + 2.19%) (a) . . . 15 15,256 8.25%, 03/01/38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 53 ,379 Fifth Third Bank N.A., 5.33%, 08/25/33, (1-day SOFR + 2.61%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,382 First Abu Dhabi Bank PJSC 4.38%, 09/10/30 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 194,176 5.00%, 02/28/29 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 199,846 First Horizon Corp., 5.51%, 03/07/31, (1-day SOFR + 1.77%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 80 ,041 HDFC Bank Ltd./Gift City, 5.07%, 06/24/31 (d) . . . . . . . . . 200 197,207 Huntington Bancshares, Inc./Ohio 2.49%, 08/15/36, (5-year CMT + 1.17%) (a) . . . . . . . . . 80 68 ,204 2.55%, 02/04/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 59 ,704 5.27%, 01/15/31, (1-day SOFR + 1.28%) (a) . . . . . . . . . 130 130,226 5.71%, 02/02/35, (1-day SOFR Index + 1.87%) (a) . . . 85 85,142 6.14%, 11/18/39, (5-year CMT + 1.70%) (a) . . . . . . . . . 25 25 ,005 6.21%, 08/21/29, (1-day SOFR + 2.02%) (a) . . . . . . . . . 15 15 ,355 ING Groep NV 4.55%, 10/02/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 199,227 5.07%, 03/25/31, (1-day SOFR Index + 1.23%) (a) . . . 30 29,951 5.34%, 03/19/30, (1-day SOFR Index + 1.44%) (a) . . . 200 201,924 5.53%, 03/25/36, (1-day SOFR + 1.61%) (a) . . . . . . . . . 10 9,930 5.55%, 03/19/35, (1-day SOFR + 1.77%) (a) . . . . . . . . . 55 55 ,030 6.11%, 09/11/34, (1-day SOFR + 2.09%) (a) . . . . . . . . . 215 223,243 Series VAR, 4.80%, 03/23/32, (1-day SOFR Index + 1.26%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 196,259 Kasikornbank PCL, 5.46%, 03/07/28 (d) . . . . . . . . . . . . . . . 200 201,517 KBC Group NV 4.93%, 10/16/30, (1-year CMT + 1.07%) (a)(b) . . . . . . . 30 29,863 6.32%, 09/21/34, (1-year CMT + 2.05%) (a)(b) . . . . . . . 35 36,590 KEB Hana Bank, 5.75%, 10/24/28 (d) . . . . . . . . . . . . . . . . . . 200 204,276 KeyBank N.A., 5.00%, 01/26/33 . . . . . . . . . . . . . . . . . . . . . . 35 34 ,021 Keybank National Association, 4.39%, 12/14/27. . . . . . . 250 249,317 KeyCorp 2.55%, 10/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 54 ,938 4.10%, 04/30/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 98 ,953 4.79%, 06/01/33, (1-day SOFR Index + 2.06%) (a) . . . 75 72,305 5.12%, 04/04/31, (1-day SOFR Index + 1.23%) (a) . . . 60 59,926 5.31%, 01/28/37, (1-day SOFR + 1.37%) (a) . . . . . . . . . 65 62 ,406 6.40%, 03/06/35, (1-day SOFR Index + 2.42%) (a) . . . 85 88,413 KFH Sukuk Co., 5.38%, 01/14/30 (d) . . . . . . . . . . . . . . . . . . 200 201,064 Kookmin Bank, 4.50%, 02/01/29 (d) . . . . . . . . . . . . . . . . . . . 200 197,345 Landeskreditbank Baden-Wuerttemberg Foerderbank 1.38%, 10/12/28 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 103,276 4.38%, 02/15/28 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,983 4.63%, 02/13/30 (d) ................................ 5 5,008 Landwirtschaftliche Rentenbank 0.88%, 09/03/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 26 ,081 1.00%, 02/25/28 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 52 ,368 3.00%, 05/21/29 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38 ,519 3.63%, 10/08/30 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48 ,426 3.88%, 09/28/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,830 3.88%, 06/14/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54 ,527 4.13%, 05/28/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,634 4.13%, 02/06/31 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 78 ,632

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

5 2026 I S HARES S EMI -A NNUAL F INANCIAL S TATEMENTS AND NM1026U-6054787-5/176 A DDITIONAL I NFOR NM A M1026U60547 DDITIONAL 7 I 5/176 NFORMATION

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Security

Par (000) Value

Banks (continued) 4.63%, 04/17/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 55 $ 55,275 5.00%, 10/24/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 81,568 Series 37, 2.50%, 11/15/27 . . . . . . . . . . . . . . . . . . . . . . . . 120 1 17,405 M&T Bank Corp. 4.83%, 01/16/29, (1-day SOFR + 0.93%) (a) . . . . . . . . . 110 1 10,098 5.05%, 01/27/34, (1-day SOFR + 1.85%) (a) . . . . . . . . . 80 77,803 5.18%, 07/08/31, (1-day SOFR + 1.40%) (a) . . . . . . . . . 100 99,886 5.39%, 01/16/36, (1-day SOFR + 1.61%) (a) . . . . . . . . . 70 68,198 5.40%, 07/30/35, (5-year CMT + 1.43%) (a) . . . . . . . . . 70 69,384 Macquarie Bank Ltd. 3.05%, 03/03/36, (5-year CMT + 1.70%) (a)(b) . . . . . . . 130 1 16,294 3.62%, 06/03/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 108,335 4.33%, 06/12/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54,639 4.53%, 03/29/29 (b)(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,875 6.80%, 01/18/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26,362 Macquarie Group Ltd. 2.69%, 06/23/32, (1-day SOFR + 1.44%) (a)(b) . . . . . . . 115 102,216 2.87%, 01/14/33, (1-day SOFR + 1.53%) (a)(b) . . . . . . . 120 105,783 4.44%, 06/21/33, (1-day SOFR + 2.41%) (a)(b) . . . . . . . 105 99,837 Manufacturers & Traders Trust Co., 4.70%, 01/27/28 . . 255 254,990 Mitsubishi UFJ Financial Group, Inc. 2.05%, 07/17/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 585 523,580 2.31%, 07/20/32, (1-year CMT + 0.95%) (a) . . . . . . . . . 40 34,905 3.20%, 07/18/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210 200,503 3.75%, 07/18/39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 165,012 3.96%, 03/02/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 385 381,598 4.15%, 03/07/39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,769 4.32%, 04/19/33, (1-year CMT + 1.55%) (a) . . . . . . . . . 600 569,914 5.06%, 01/14/37, (1-year CMT + 0.90%) (a) . . . . . . . . . 30 28,678 5.16%, 04/24/31, (1-year CMT + 1.17%) (a) . . . . . . . . . 40 40,007 5.19%, 07/23/32, (1-year CMT + 0.82%) (a) . . . . . . . . . 200 198,907 5.19%, 09/12/36, (1-year CMT + 0.93%) (a) . . . . . . . . . 575 557,279 5.26%, 04/17/30, (1-year CMT + 0.82%) (a) . . . . . . . . . 10 10,073 Mizuho Bank Ltd., 5.77%, 04/16/46 (b) . . . . . . . . . . . . . . . . . 205 197,497 Mizuho Financial Group, Inc. 2.17%, 05/22/32, (1-year CMT + 0.87%) (a) . . . . . . . . . 250 217,894 2.59%, 05/25/31, (3-mo. CME Term SOFR + 1.33%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 18,259 3.15%, 07/16/30, (3-mo. CME Term SOFR + 1.39%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 405 385,026 4.02%, 03/05/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 385 381,539 4.71%, 07/08/31, (1-year CMT + 0.92%) (a) . . . . . . . . . 300 295,478 5.32%, 07/08/36, (1-year CMT + 1.07%) (a) . . . . . . . . . 20 19,584 5.42%, 05/13/36, (1-year CMT + 0.98%) (a) . . . . . . . . . 280 276,310 5.75%, 05/27/34, (1-year CMT + 1.80%) (a) . . . . . . . . . 200 203,419 National Bank of Canada, 4.50%, 10/10/29 . . . . . . . . . . . 250 247,419 NBK SPC Ltd., 5.50%, 06/06/30, (1-day SOFR + 1.16%) (a)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 201,159 Nordea Bank Abp 4.25%, 08/28/30 (b) ................................ 5 4,875 4.38%, 09/10/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,571 4.63%, 09/13/33, (5-year USD Swap + 1.69%) (a)(b) . 115 113,957 Northern Trust Corp. 1.95%, 05/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 126,410 3.15%, 05/03/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 81,785 3.65%, 08/03/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 68,898 4.15%, 11/19/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,734 6.13%, 11/02/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 89,189 NRW Bank, 4.00%, 04/08/30 (d) . . . . . . . . . . . . . . . . . . . . . . . 10 9,819 Oesterreichische Kontrollbank AG 3.63%, 09/09/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 74,462

Security

Par (000) Value

Banks (continued) 3.75%, 09/05/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15 $ 14,702 3.75%, 09/10/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48 ,639 3.75%, 01/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 96 ,928 4.00%, 05/28/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,933 4.13%, 01/18/29 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 124,117 4.25%, 03/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 44 ,906 4.50%, 01/24/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,017 Old National Bancorp, 5.77%, 02/15/36, (3-mo. CME Term SOFR + 2.20%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,760 Oversea-Chinese Banking Corp. Ltd., 4.55%, 09/08/35, (5-year CMT + 0.80%) (a)(b) . . . . . . . . . . . . . . . 200 195,104 PNC Bank N.A., 4.05%, 07/26/28 . . . . . . . . . . . . . . . . . . . . 15 14 ,822 PNC Financial Services Group, Inc. (The) 2.31%, 04/23/32, (1-day SOFR + 0.98%) (a) . . . . . . . . . 135 119,178 2.55%, 01/22/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 110,999 3.45%, 04/23/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116 112,351 4.08%, 01/26/29, (1-day SOFR + 0.61%) (a) . . . . . . . . . 100 99 ,254 4.63%, 06/06/33, (1-day SOFR Index + 1.85%) (a) . . . 65 62,156 4.81%, 10/21/32, (1-day SOFR + 1.26%) (a) . . . . . . . . . 165 162,003 4.90%, 05/13/31, (1-day SOFR + 1.33%) (a) . . . . . . . . . 115 114,345 5.07%, 01/24/34, (1-day SOFR + 1.93%) (a) . . . . . . . . . 145 142,493 5.22%, 01/29/31, (1-day SOFR + 1.07%) (a) . . . . . . . . . 135 135,783 5.35%, 12/02/28, (1-day SOFR + 1.62%) (a) . . . . . . . . . 25 25 ,223 5.37%, 07/21/36, (1-day SOFR + 1.42%) (a) . . . . . . . . . 55 54 ,233 5.40%, 07/23/35, (1-day SOFR + 1.60%) (a) . . . . . . . . . 140 138,797 5.42%, 01/25/41, (5-year CMT + 1.17%) (a) . . . . . . . . . 100 95 ,608 5.46%, 07/21/37, (1-day SOFR + 1.27%) (a) . . . . . . . . . 70 68 ,901 5.49%, 05/14/30, (1-day SOFR + 1.20%) (a) . . . . . . . . . 105 106,458 5.58%, 06/12/29, (1-day SOFR + 1.84%) (a) . . . . . . . . . 190 192,781 5.58%, 01/29/36, (1-day SOFR + 1.39%) (a) . . . . . . . . . 120 120,068 5.68%, 01/22/35, (1-day SOFR + 1.90%) (a) . . . . . . . . . 110 11 1,141 5.94%, 08/18/34, (1-day SOFR + 1.95%) (a) . . . . . . . . . 50 51 ,530 6.04%, 10/28/33, (1-day SOFR Index + 2.14%) (a) . . . 110 113,685 6.88%, 10/20/34, (1-day SOFR + 2.28%) (a) . . . . . . . . . 150 162,480 QIB Sukuk Ltd., 4.80%, 06/12/30 (d) . . . . . . . . . . . . . . . . . . . 200 198,066 QNB Finance Ltd., 4.85%, 04/02/29, (1-day SOFR + 1.20%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 200,347 Regions Bank/Birmingham AL, 6.45%, 06/26/37 ...... 5 5,184 Regions Financial Corp. 1.80%, 08/12/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 61 ,399 5.50%, 09/06/35, (1-day SOFR + 2.06%) (a) . . . . . . . . . 20 19 ,701 5.72%, 06/06/30, (1-day SOFR + 1.49%) (a) . . . . . . . . . 55 55 ,927 7.38%, 12/10/37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 22 ,239 Santander Holdings USA, Inc. 5.74%, 03/20/31, (1-day SOFR + 1.88%) (a) . . . . . . . . . 210 212,739 6.50%, 03/09/29, (1-day SOFR + 2.36%) (a) . . . . . . . . . 255 260,455 Santander U.K. Group Holdings PLC 2.90%, 03/15/32, (1-day SOFR + 1.48%) (a) . . . . . . . . . 30 26 ,941 4.86%, 09/11/30, (1-day SOFR Index + 1.55%) (a) . . . 10 9,899 5.69%, 04/15/31, (1-day SOFR Index + 1.52%) (a) . . . 215 217,703 Saudi Awwal Bank, 5.95%, 09/04/35, (5-year CMT + 2.20%) (a)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 198,016 Shinhan Bank Co. Ltd., 4.38%, 04/13/32 (d) . . . . . . . . . . . . 200 191,140 Shinhan Financial Group Co. Ltd., 5.00%, 07/24/28 (d) . 200 200,396 Skandinaviska Enskilda Banken AB 4.50%, 09/03/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,673 5.38%, 03/05/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,173 SNB Funding Ltd. 4.85%, 03/17/30, (1-day SOFR + 1.20%) (a)(d) . . . . . . . 200 199,715 6.00%, 06/24/35, (5-year CMT + 2.00%) (a)(d) . . . . . . . 200 199,964

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054787-6/176 6

Page 7

Security

Par (000) Value

Banks (continued) Societe Generale SA 2.89%, 06/09/32, (1-year CMT + 1.30%) (a)(b) . . . . . . . $ 240 $ 213,465 3.63%, 03/01/41 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 7,114 4.45%, 04/12/30, (1-day SOFR + 1.10%) (a)(b) . . . . . . . 200 196,075 5.25%, 05/22/29, (1-day SOFR + 1.42%) (a)(b) . . . . . . . 200 200,608 5.40%, 04/10/37, (1-day SOFR + 1.60%) (a)(b) . . . . . . . 225 213,902 5.44%, 10/03/36, (1-day SOFR + 1.73%) (a)(b) . . . . . . . 15 14,334 5.63%, 01/19/30, (1-year CMT + 1.75%) (a)(b) . . . . . . . 50 50,475 6.07%, 01/19/35, (1-year CMT + 2.10%) (a)(b) . . . . . . . 200 201,801 6.10%, 04/13/33, (1-year CMT + 1.60%) (a)(b) . . . . . . . 175 178,332 6.22%, 06/15/33, (1-year CMT + 3.20%) (a)(b) . . . . . . . 200 202,980 7.13%, 01/19/55, (1-year CMT + 2.95%) (a)(b) . . . . . . . 170 168,519 7.37%, 01/10/53 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,176 Standard Chartered PLC 4.30%, 01/13/30, (1-year CMT + 0.77%) (a)(b) . . . . . . . 400 392,977 4.64%, 04/01/31, (1-year CMT + 3.85%) (a)(b) . . . . . . . 200 196,329 5.40%, 08/12/36, (1-year CMT + 1.20%) (a)(b) . . . . . . . 200 194,148 5.70%, 03/26/44 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 188,035 6.10%, 01/11/35, (1-year CMT + 2.10%) (a)(b) . . . . . . . 200 204,429 6.23%, 01/21/36, (1-year CMT + 1.43%) (a)(b) . . . . . . . 200 206,004 State Bank of India/London, 4.50%, 09/09/30 (d) . . . . . . . 200 194,537 State Street Corp. 2.20%, 03/03/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 92,817 2.40%, 01/24/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130 120,821 2.62%, 02/07/33, (1-day SOFR + 1.00%) (a) . . . . . . . . . 30 26,424 3.03%, 11/01/34, (1-day SOFR + 1.49%) (a) . . . . . . . . . 80 74,950 3.15%, 03/30/31, (1-day SOFR + 2.65%) (a) . . . . . . . . . 100 94,296 4.14%, 12/03/29, (3-mo. CME Term SOFR + 1.29%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 69,086 4.16%, 08/04/33, (1-day SOFR + 1.73%) (a) . . . . . . . . . 65 61,535 4.33%, 10/22/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 240 239,784 4.42%, 05/13/33, (1-day SOFR + 1.61%) (a) . . . . . . . . . 25 24,077 4.53%, 02/20/29, (1-day SOFR + 1.02%) (a) . . . . . . . . . 140 139,855 4.68%, 10/22/32, (1-day SOFR + 1.05%) (a) . . . . . . . . . 40 39,209 4.82%, 01/26/34, (1-day SOFR + 1.57%) (a) . . . . . . . . . 50 48,870 4.83%, 04/24/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45,060 5.09%, 04/24/37, (1-day SOFR + 1.20%) (a) . . . . . . . . . 100 96,761 5.15%, 02/28/36, (1-day SOFR + 1.22%) (a) . . . . . . . . . 40 39,210 5.16%, 05/18/34, (1-day SOFR + 1.89%) (a) . . . . . . . . . 105 104,401 5.68%, 11/21/29, (1-day SOFR + 1.48%) (a) . . . . . . . . . 45 45,900 6.12%, 11/21/34, (1-day SOFR + 1.96%) (a) . . . . . . . . . 50 51,880 Sumitomo Mitsui Financial Group, Inc. 1.71%, 01/12/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 108,363 1.90%, 09/17/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 235 221,869 2.13%, 07/08/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 85,204 2.14%, 09/23/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112 99,762 2.30%, 01/12/41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 19,964 2.75%, 01/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 37,168 2.93%, 09/17/41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170 1 19,075 3.04%, 07/16/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215 204,332 3.05%, 01/14/42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 7,267 3.35%, 10/18/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 37,494 3.54%, 01/17/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 68,981 3.94%, 07/19/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,550 4.31%, 10/16/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54,497 4.95%, 07/08/33, (1-day SOFR + 1.38%) (a) . . . . . . . . . 40 39,126 5.05%, 01/15/37, (1-day SOFR + 1.22%) (a) . . . . . . . . . 45 43,029 5.32%, 07/09/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 202,298 5.33%, 03/03/41, (5-year CMT + 1.30%) (a) . . . . . . . . . 70 66,530 5.45%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210 21 1,556 5.52%, 01/13/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 202,367

Security

Par (000) Value

Banks (continued) 5.56%, 07/09/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 215 $ 215,981 5.57%, 01/15/47, (1-day SOFR + 1.36%) (a) ......... 5 4,706 5.63%, 01/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,345 5.71%, 01/13/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205 209,056 5.77%, 01/13/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 220 224,723 5.78%, 07/13/33 . ................................. 5 5,102 5.80%, 07/08/46, (1-day SOFR + 1.78%) (a) . . . . . . . . . 115 109,688 5.81%, 09/14/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40 ,934 5.84%, 07/09/44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,359 6.18%, 07/13/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,431 Sumitomo Mitsui Trust Bank Ltd. 4.20%, 03/05/31 (b) ................................ 5 4,852 4.50%, 09/10/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215 212,755 4.80%, 03/05/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 18 ,820 4.85%, 09/10/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 191,970 4.95%, 09/15/27 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,095 5.35%, 03/07/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,922 5.50%, 03/09/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,286 5.55%, 09/14/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 225 228,201 Svenska Handelsbanken AB, 5.50%, 06/15/28 (b) . . . . . . 65 65 ,856 Toronto-Dominion Bank (The) 2.00%, 09/10/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320 279,308 4.11%, 10/13/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,687 4.36%, 04/23/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54 ,350 4.46%, 06/08/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 290 280,383 4.57%, 06/02/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185 184,593 4.69%, 09/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 100,249 4.78%, 12/17/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,969 4.86%, 01/31/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,070 4.87%, 04/22/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48 ,727 4.93%, 10/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 95 ,831 5.15%, 09/10/34, (5-year CMT + 1.50%) (a) . . . . . . . . . 50 49 ,785 5.16%, 01/10/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 100,662 5.30%, 01/30/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,069 5.52%, 07/17/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 106,603 Series F, 4.85%, 07/27/29 . . . . . . . . . . . . . . . . . . . . . . . . . 120 119,927 Truist Bank, 2.25%, 03/11/30. . . . . . . . . . . . . . . . . . . . . . . . . 35 31 ,767 Truist Financial Corp. 1.89%, 06/07/29, (1-day SOFR + 0.86%) (a) . . . . . . . . . 100 94 ,950 1.95%, 06/05/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 80 ,737 3.88%, 03/19/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185 180,506 4.60%, 01/27/32, (1-day SOFR + 0.97%) (a) . . . . . . . . . 150 146,056 4.87%, 01/26/29, (1-day SOFR + 1.44%) (a) . . . . . . . . . 20 20 ,021 4.92%, 07/28/33, (1-day SOFR + 2.24%) (a) . . . . . . . . . 95 91 ,609 4.96%, 10/23/36, (1-day SOFR + 1.40%) (a) . . . . . . . . . 130 123,208 5.07%, 05/20/31, (1-day SOFR + 1.31%) (a) . . . . . . . . . 25 24 ,938 5.12%, 01/26/34, (1-day SOFR + 1.85%) (a) . . . . . . . . . 105 103,013 5.15%, 08/05/32, (1-day SOFR + 1.57%) (a) . . . . . . . . . 65 64 ,459 5.44%, 01/24/30, (1-day SOFR + 1.62%) (a) . . . . . . . . . 170 171,778 5.71%, 01/24/35, (1-day SOFR + 1.92%) (a) . . . . . . . . . 130 130,833 5.87%, 06/08/34, (1-day SOFR + 2.36%) (a) . . . . . . . . . 155 157,741 6.12%, 10/28/33, (1-day SOFR + 2.30%) (a) . . . . . . . . . 35 36 ,252 7.16%, 10/30/29, (1-day SOFR + 2.45%) (a) . . . . . . . . . 170 177,646 Series I, 4.96%, 07/23/30, (1-day SOFR + 0.88%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 99 ,672 U.S. Bancorp 1.38%, 07/22/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 56 ,856 2.49%, 11/03/36, (5-year CMT + 0.95%) (a) . . . . . . . . . 80 68,911 2.68%, 01/27/33, (1-day SOFR + 1.02%) (a) . . . . . . . . . 85 74 ,813 3.00%, 07/30/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 114,045 3.90%, 04/26/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,837

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

7 2026 I S HARES S EMI -A NNUAL F INANCIAL S TATEMENTS AND NM1026U-6054787-7/176 A DDITIONAL I NFOR NM A M1026U60547 DDITIONAL 7 I 7/176 NFORMATION

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Par (000) Value

Banks (continued) 4.65%, 02/01/29, (1-day SOFR + 1.23%) (a) . . . . . . . . . $ 145 $ 144,850 4.84%, 02/01/34, (1-day SOFR + 1.60%) (a) . . . . . . . . . 155 150,277 4.97%, 07/22/33, (1-day SOFR + 2.11%) (a) . . . . . . . . . 90 87,667 5.05%, 02/12/31, (1-day SOFR + 1.06%) (a) . . . . . . . . . 125 124,886 5.08%, 05/15/31, (1-day SOFR + 1.30%) (a) . . . . . . . . . 115 1 14,985 5.10%, 07/23/30, (1-day SOFR + 1.25%) (a) . . . . . . . . . 65 65,338 5.38%, 01/23/30, (1-day SOFR + 1.56%) (a) . . . . . . . . . 120 121,361 5.42%, 02/12/36, (1-day SOFR + 1.41%) (a) . . . . . . . . . 125 124,342 5.47%, 07/27/37, (1-day SOFR + 1.25%) (a) . . . . . . . . . 70 69,243 5.68%, 01/23/35, (1-day SOFR + 1.86%) (a) . . . . . . . . . 125 126,386 5.78%, 06/12/29, (1-day SOFR + 2.02%) (a) . . . . . . . . . 110 11 1,891 5.84%, 06/12/34, (1-day SOFR + 2.26%) (a) . . . . . . . . . 130 132,950 5.85%, 10/21/33, (1-day SOFR + 2.09%) (a) . . . . . . . . . 120 123,040 United Overseas Bank Ltd., 3.86%, 10/07/32, (5-year CMT + 1.45%) (a)(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 64,317 Walker & Dunlop, Inc., 6.63%, 04/01/33 (b) . . . . . . . . . . . . 25 24,836 Webster Financial Corp., 4.10%, 03/25/29 . . . . . . . . . . . . 80 78,068 Westpac Banking Corp. 1.95%, 11/20/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 103,966 2.15%, 06/03/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 88,635 2.65%, 01/16/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 51,461 2.67%, 11/15/35, (5-year CMT + 1.75%) (a) . . . . . . . . . 105 93,911 2.96%, 11/16/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 14,329 3.13%, 11/18/41 .................................. 5 3,568 3.40%, 01/25/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 290 285,848 4.35%, 07/01/30 (c) ................................ 5 4,934 4.42%, 07/24/39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 104,662 5.41%, 08/10/33, (1-year CMT + 2.68%) (a) . . . . . . . . . 285 283,524 Westpac New Zealand Ltd. 4.13%, 01/29/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,841 4.22%, 09/16/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,431 4.94%, 02/27/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 220 219,629 Woori Bank, 4.75%, 01/24/29 (d) . . . . . . . . . . . . . . . . . . . . . . 200 200,102 Yapi ve Kredi Bankasi A/S, 9.25%, 01/17/34, (5-year CMT + 5.28%) (a)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 206,766 Zions Bancorp N.A., 6.82%, 11/19/35, (1-day SOFR + 2.83%) (a) ......................................... 5 5,142 41,489,164 Beverages — 0.1% JDE Peet's NV, 2.25%, 09/24/31 (b) . . . . . . . . . . . . . . . . . . . 30 25,816 Keurig Dr Pepper, Inc. 2.25%, 03/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 30,871 3.20%, 05/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 51,374 3.35%, 03/15/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 31,534 3.80%, 05/01/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 44,784 3.95%, 04/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 87,834 4.05%, 04/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 60,984 4.42%, 12/15/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 27,626 4.50%, 11/15/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 39,979 4.50%, 04/15/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 61,884 4.60%, 05/25/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,917 4.60%, 05/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,059 5.05%, 03/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 60,094 5.09%, 05/25/48 .................................. 5 4,239 5.15%, 05/15/35 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,537 5.30%, 03/15/34 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59,159 Series 10, 5.20%, 03/15/31 . . . . . . . . . . . . . . . . . . . . . . . . 20 19,957 Maple Parent Holdings Corp. 5.05%, 03/26/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,852 6.63%, 03/26/56 (b) ................................ 5 5,013

Security

Par (000) Value

Beverages (continued) Primo Water Holdings, Inc./Triton Water Holdings, Inc. 4.38%, 04/30/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 50 $ 48,989 6.25%, 04/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,178 808,680 Biotechnology — 0.2% Biogen, Inc. 2.25%, 05/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 39 ,910 3.15%, 05/01/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 68 ,541 3.25%, 02/15/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 18,811 5.20%, 09/15/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 71 ,605 5.75%, 05/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,419 6.45%, 05/15/55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 56 ,496 BioMarin Pharmaceutical, Inc., 5.50%, 02/15/34 (b) . . . . 50 48,860 Bio-Rad Laboratories, Inc., 3.70%, 03/15/32 . . . . . . . . . . 40 36 ,916 CSL Finance PLC 4.05%, 04/27/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 44 ,083 4.25%, 04/27/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28 ,525 4.63%, 04/27/42 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17 ,139 4.75%, 04/27/52 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 73 ,723 5.11%, 04/03/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 58 ,864 5.42%, 04/03/54 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 45 ,091 Genmab A/S/Genmab Finance LLC 6.25%, 12/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 76 ,096 7.25%, 12/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 62,511 Illumina, Inc. 2.55%, 03/23/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 40 ,203 5.75%, 12/13/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,545 Regeneron Pharmaceuticals, Inc. 1.75%, 09/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 87 ,966 2.80%, 09/15/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 49 ,998 Royalty Pharma PLC 1.75%, 09/02/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 58 ,423 2.15%, 09/02/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 21 ,730 2.20%, 09/02/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 44 ,846 3.30%, 09/02/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 26 ,335 3.35%, 09/02/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 57 ,524 3.55%, 09/02/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 60 ,245 5.15%, 09/02/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 55 ,299 5.20%, 09/25/35 . ................................. 5 4,854 5.90%, 09/02/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 42 ,806 1,368,364 Building Materials — 0.4% Boise Cascade Co., 4.88%, 07/01/30 (b) . . . . . . . . . . . . . . . 25 24 ,547 Builders FirstSource, Inc. 4.25%, 02/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 59 ,767 5.00%, 03/01/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,127 6.38%, 06/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,073 6.38%, 03/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72 71 ,299 6.75%, 05/15/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 74 ,944 Carlisle Companies, Inc. 2.20%, 03/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 42 ,743 2.75%, 03/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 47 ,304 3.75%, 12/01/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 33 ,630 5.25%, 09/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 83 ,094 5.55%, 09/15/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,602 Cemex SAB de CV, 5.20%, 09/17/30 (d) . . . . . . . . . . . . . . . 200 199,710 CRH America Finance, Inc. 3.95%, 04/04/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 78 ,943 4.40%, 05/09/47 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 19 ,909 4.50%, 04/04/48 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 20 ,884

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054787-8/176 8

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Security

Par (000) Value

Building Materials (continued) 5.40%, 05/21/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15 $ 14,962 5.50%, 01/09/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 199,766 CRH America, Inc., 5.13%, 05/18/45 (b) . . . . . . . . . . . . . . . . 55 48,781 CRH SMW Finance DAC, 5.20%, 05/21/29 . . . . . . . . . . . 10 10,084 Eagle Materials, Inc., 5.00%, 03/15/36 . . . . . . . . . . . . . . . . 55 51,933 Fortune Brands Innovations, Inc. 3.25%, 09/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 54,193 5.88%, 06/01/33 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 61,355 Knife River Corp., 7.75%, 05/01/31 (b) . . . . . . . . . . . . . . . . . 30 30,928 Lennox International, Inc., 5.50%, 09/15/28 ........... 5 5,062 Louisiana-Pacific Corp., 3.63%, 03/15/29 (b) . . . . . . . . . . . 25 24,068 Marriott International, Inc., 5.63%, 08/15/36 . . . . . . . . . . . 150 149,978 Martin Marietta Materials, Inc. 2.40%, 07/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 147 129,609 3.20%, 07/15/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 53,331 3.50%, 12/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54,217 4.25%, 12/15/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 30,909 5.15%, 12/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 83,206 Series CB, 2.50%, 03/15/30 . . . . . . . . . . . . . . . . . . . . . . . 62 56,979 Masco Corp. 2.00%, 10/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 22,118 2.00%, 02/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 39,177 3.13%, 02/15/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 12,408 3.50%, 11/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 44,363 4.50%, 05/15/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 28,305 Mohawk Industries, Inc. 3.63%, 05/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38,077 5.85%, 09/18/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,489 Owens Corning 3.50%, 02/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 42,824 3.88%, 06/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38,413 3.95%, 08/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,623 4.30%, 07/15/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 35,233 4.40%, 01/30/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 23,804 5.70%, 06/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35,458 5.95%, 06/15/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 53,290 7.00%, 12/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 27,335 Trane Technologies Financing Ltd. 3.80%, 03/21/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 71,324 4.50%, 03/21/49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 27,898 4.65%, 11/01/44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 25,792 5.10%, 06/13/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 64,438 5.25%, 03/03/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50,309 Trane Technologies Holdco, Inc. 3.75%, 08/21/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 51,195 4.30%, 02/21/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 21,515 5.75%, 06/15/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,972 Vulcan Materials Co. 3.50%, 06/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 104,330 4.50%, 06/15/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 17,924 4.70%, 03/01/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 45,794 4.95%, 12/01/29 .................................. 5 5,011 5.35%, 12/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 74,565 5.70%, 12/01/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 56,837 3,002,758 Chemicals — 0.4% Air Liquide Finance SA 2.25%, 09/10/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 27,997 3.50%, 09/27/46 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 36,641 Air Products and Chemicals, Inc. 2.05%, 05/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74 66,960

Security

Par (000) Value

Chemicals (continued) 2.70%, 05/15/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 85 $ 60,864 2.80%, 05/15/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 57 ,156 4.60%, 02/08/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 44 ,916 4.75%, 02/08/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,939 4.80%, 03/03/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49 ,405 4.85%, 02/08/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 83 ,039 Ashland, Inc. 3.38%, 09/01/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 27 ,698 6.88%, 05/15/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,421 Axalta Coating Systems Dutch Holding B BV, 7.25%, 02/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 41 ,414 Axalta Coating Systems LLC, 3.38%, 02/15/29 (b) . . . . . . 45 43 ,153 Cabot Corp. 4.00%, 07/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,611 5.00%, 06/30/32 . ................................. 5 4,940 CF Industries, Inc. 4.95%, 06/01/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 57 ,270 5.15%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 73 ,401 5.38%, 03/15/44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 59 ,832 FMC Corp. 3.45%, 10/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 27 ,854 4.50%, 10/01/49 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 19 ,708 5.65%, 05/18/33 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 27 ,500 6.38%, 05/18/53 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 27 ,677 8.45%, 11/01/55, (5-year CMT + 4.37%) (a) . . . . . . . . . 50 37 ,061 HB Fuller Co., 4.25%, 10/15/28 . . . . . . . . . . . . . . . . . . . . . . 20 19 ,603 Huntsman International LLC 2.95%, 06/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 34 ,790 4.50%, 05/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,042 5.70%, 10/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,296 International Flavors & Fragrances, Inc. 1.83%, 10/15/27 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 75 ,642 2.30%, 11/01/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67 59 ,907 3.27%, 11/15/40 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 30 ,873 3.47%, 12/01/50 (b)(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 29 ,764 4.45%, 09/26/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,750 5.00%, 09/26/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 55 ,583 Linde, Inc./CT 1.10%, 08/10/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 46 ,970 2.00%, 08/10/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 7,646 3.55%, 11/07/42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 23 ,039 Mosaic Co. (The) 4.88%, 11/15/41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 21 ,898 5.45%, 11/15/33 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,767 5.63%, 11/15/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 50 ,745 Nutrien Ltd. 2.95%, 05/13/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74 68 ,957 3.95%, 05/13/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 21 ,787 4.13%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 31 ,482 4.20%, 04/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 78 ,739 4.90%, 03/27/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,034 4.90%, 06/01/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 26 ,176 5.00%, 04/01/49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 47 ,853 5.25%, 01/15/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 36 ,213 5.35%, 05/29/36 . ................................. 5 4,886 5.63%, 12/01/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,005 5.80%, 03/27/53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 52 ,294 5.88%, 12/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40 ,357 Perimeter Holdings LLC 5.00%, 10/30/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39 ,106 6.25%, 01/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,666

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

9 2026 I S HARES S EMI -A NNUAL F INANCIAL S TATEMENTS AND NM1026U-6054787-9/176 A DDITIONAL I NFOR NM A M1026U60547 DDITIONAL 7 I 9/176 NFORMATION

Page 10

Security

Par (000) Value

Chemicals (continued) PPG Industries, Inc. 2.55%, 06/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 75 $ 68,843 3.75%, 03/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114 1 12,448 RPM International, Inc. 4.25%, 01/15/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 34,855 4.55%, 03/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,869 5.25%, 06/01/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13,408 Sociedad Quimica y Minera de Chile SA, 4.25%, 05/07/29 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 196,887 Tronox, Inc., 4.63%, 03/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . 75 50,389 Yara International ASA 3.15%, 06/04/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 78,765 4.75%, 06/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92 91,721 7.38%, 11/14/32 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 108,536 2,766,048 Commercial Services — 0.9% ADT Security Corp. (The) 4.13%, 08/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 67,416 4.88%, 07/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 47,178 5.88%, 10/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48,887 AMN Healthcare, Inc., 4.00%, 04/15/29 (b) . . . . . . . . . . . . . 25 24,212 APi Group DE, Inc. 4.75%, 10/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,585 5.75%, 06/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,487 Ashtead Capital, Inc. 2.45%, 08/12/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 70,011 4.00%, 05/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54,112 5.50%, 08/11/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,059 5.95%, 10/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 203,368 Automatic Data Processing, Inc. 1.25%, 09/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 53,283 1.70%, 05/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 92,676 4.45%, 09/09/34 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 95,603 4.75%, 05/08/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 93,759 5.00%, 05/07/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,392 Avis Budget Car Rental LLC/Avis Budget Finance, Inc. 4.75%, 04/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,642 5.38%, 03/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39,334 8.00%, 02/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30,375 8.25%, 01/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 48,395 8.38%, 06/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35,676 Belron U.K. Finance PLC, 5.75%, 10/15/29 (b) . . . . . . . . . 75 75,296 Block Financial LLC 2.50%, 07/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28,690 3.88%, 08/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 47,236 Cimpress PLC, 7.38%, 09/15/32 (b) . . . . . . . . . . . . . . . . . . . 40 40,408 Cintas Corp. No. 2 4.00%, 05/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 80,799 4.20%, 05/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,824 Clarivate Science Holdings Corp. 3.88%, 07/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 58,333 4.88%, 07/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 56,486 CompoSecure Holdings LLC, 5.63%, 02/01/33 (b) . . . . . . 55 53,272 Deluxe Corp. 8.00%, 06/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30,307 8.13%, 09/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36,362 Element Fleet Management Corp. 4.80%, 05/29/29 (b) ................................ 5 4,966 6.32%, 12/04/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30,909 Equifax, Inc. 4.80%, 09/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 94,506

Security

Par (000) Value

Commercial Services (continued) 5.00%, 08/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 40 $ 40,011 5.10%, 12/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 ,193 5.65%, 08/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40 ,066 Global Payments, Inc. 2.90%, 05/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 77 ,701 2.90%, 11/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 48 ,101 3.20%, 08/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 108,647 4.15%, 08/15/49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 21 ,188 4.45%, 06/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 79 ,248 4.50%, 11/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135 133,146 5.20%, 11/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 96 ,575 5.30%, 08/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,997 5.40%, 08/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 58 ,975 5.55%, 11/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135 128,848 5.95%, 08/15/52 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 50 ,220 Herc Holdings, Inc. 5.75%, 03/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,911 6.00%, 03/15/34 (b)(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,511 6.63%, 06/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,997 7.00%, 06/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 103,489 7.25%, 06/15/33 (b)(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 77 ,596 Hertz Corp. (The) 5.00%, 12/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 17 ,686 12.63%, 07/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79 53 ,563 Moody's Corp. 2.00%, 08/19/31 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 74 ,140 2.75%, 08/19/41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 27 ,457 3.10%, 11/29/61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 25 ,567 3.25%, 01/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 26 ,538 3.25%, 05/20/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 25 ,509 3.75%, 02/25/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 13 ,893 4.25%, 02/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 46 ,505 4.25%, 08/08/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38 ,289 4.88%, 12/17/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 33 ,015 5.00%, 08/05/34 . ................................. 5 4,900 5.25%, 07/15/44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 59 ,225 PayPal Holdings, Inc. 2.30%, 06/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 86 ,699 2.85%, 10/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159 149,803 3.25%, 06/01/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 48 ,244 4.40%, 06/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 81 ,521 4.45%, 03/06/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,917 5.05%, 06/01/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 58 ,730 5.10%, 04/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,268 5.15%, 06/01/34 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 87 ,759 5.25%, 06/01/62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 25 ,617 5.50%, 06/01/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 26,811 5.55%, 06/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,662 Quanta Services, Inc. 2.35%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 82 ,194 2.90%, 10/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101 92 ,759 3.05%, 10/01/41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 28 ,292 4.50%, 01/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,745 5.10%, 08/09/35 . ................................. 5 4,821 RELX Capital, Inc. 3.00%, 05/22/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 93 ,341 4.00%, 03/18/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 93 ,195 4.75%, 03/27/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 99 ,256 5.25%, 03/27/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,485

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054787-10/176 10

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Commercial Services (continued) Rentokil Terminix Funding LLC 5.00%, 04/28/30 (b) ................................ $ 5 $ 4,963 5.63%, 04/28/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,833 S&P Global, Inc. 1.25%, 08/15/30 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 55,607 2.30%, 08/15/60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 18,568 2.50%, 12/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 69,778 2.90%, 03/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 89,801 2.95%, 03/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38,334 3.25%, 12/01/49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 36,176 3.70%, 03/01/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 53,077 3.90%, 03/01/62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 20,571 4.25%, 05/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 93,703 4.75%, 08/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 60,153 4.80%, 12/04/35 .................................. 5 4,759 5.25%, 09/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,043 Service Corp. International/U.S. 3.38%, 08/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 51,008 4.00%, 05/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 46,986 4.63%, 12/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,870 5.13%, 06/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,738 5.75%, 10/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,960 Sunbelt Rentals Holdings, Inc., 5.65%, 08/12/36 (b) . . . . 50 48,932 TR Finance LLC 5.50%, 08/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,690 5.65%, 11/23/43 (c) ................................ 5 4,762 5.85%, 04/15/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 31,318 Transurban Finance Co. Pty. Ltd., 2.45%, 03/16/31 (b) . . 72 64,259 TriNet Group, Inc. 3.50%, 03/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33,302 7.13%, 08/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,525 Valvoline, Inc. 3.63%, 06/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 32,096 6.13%, 08/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 26,946 Verisk Analytics, Inc. 3.63%, 05/15/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 26,968 4.13%, 03/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 63,912 5.25%, 06/05/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 58,792 5.25%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,462 5.50%, 06/15/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 24,733 5.75%, 04/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35,655 VM Consolidated, Inc., 5.50%, 04/15/29 (b) . . . . . . . . . . . . 27 25,253 WEX, Inc., 6.50%, 03/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . 50 50,235 6,012,438 Computers — 0.6% Accenture Capital, Inc. 3.90%, 10/04/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,830 4.05%, 10/04/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 83,183 4.25%, 10/04/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 101,024 4.50%, 10/04/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 74,921 4.75%, 07/10/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 69,898 5.30%, 07/10/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 138,896 Booz Allen Hamilton, Inc. 3.88%, 09/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 102,398 4.00%, 07/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 72,601 5.95%, 08/04/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,052 5.95%, 04/15/35 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,911 CACI International, Inc., 6.38%, 06/15/33 (b) . . . . . . . . . . . 75 75,999 CGI, Inc., 2.30%, 09/14/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 43,150 Crane NXT Co., 4.20%, 03/15/48 . . . . . . . . . . . . . . . . . . . . . 25 15,571

Security

Par (000) Value

Computers (continued) Dell International LLC/EMC Corp. 3.45%, 12/15/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 100 $ 65,881 4.75%, 04/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 1 00,111 4.75%, 10/06/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 194,211 5.00%, 04/01/30 . ................................. 5 4,992 5.00%, 02/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 58 ,148 5.10%, 02/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 192,331 5.25%, 02/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 201,447 5.25%, 02/15/37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 115,472 5.30%, 10/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 201,873 5.30%, 04/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,046 5.75%, 02/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 102,119 8.10%, 07/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 34 ,814 Dell, Inc., 6.50%, 04/15/38 . . . ........................ 5 5,212 Diebold Nixdorf, Inc., 7.75%, 03/31/30 (b) . . . . . . . . . . . . . . 65 67 ,805 DXC Technology Co., 2.38%, 09/15/28 . . . . . . . . . . . . . . . 70 66 ,213 Everforth, Inc., 4.63%, 05/15/28 (b) . . . . . . . . . . . . . . . . . . . . 40 38 ,937 Fortinet, Inc., 2.20%, 03/15/31 . . . . . . . . . . . . . . . . . . . . . . . 52 45 ,929 Gartner, Inc. 3.63%, 06/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 56 ,688 3.75%, 10/01/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 73 ,650 4.50%, 07/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 68 ,942 4.95%, 03/20/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,481 Hewlett Packard Enterprise Co. 4.40%, 09/25/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 114,771 4.40%, 10/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,355 4.55%, 10/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135 133,223 4.60%, 03/23/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250 248,286 4.85%, 10/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 113,125 5.00%, 10/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145 139,186 5.25%, 07/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40 ,287 5.25%, 04/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 98 ,947 5.60%, 10/15/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 61 ,672 6.20%, 10/15/35 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 78 ,586 6.35%, 10/15/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 108,945 HP, Inc. 2.65%, 06/17/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 88 ,667 4.00%, 04/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48 ,859 5.40%, 04/25/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,352 5.50%, 01/15/33 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,048 6.00%, 09/15/41 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49 ,032 Insight Enterprises, Inc., 6.63%, 05/15/32 (b) . . . . . . . . . . . 35 35,515 Kyndryl Holdings, Inc. 3.15%, 10/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,338 4.10%, 10/15/41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 31 ,506 6.35%, 02/20/34 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 37 ,897 NCR Voyix Corp. 5.00%, 10/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39 ,316 5.13%, 04/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 31 ,228 NetApp, Inc. 2.70%, 06/22/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 33 ,861 5.70%, 03/17/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 60 ,067 Pitney Bowes, Inc., 7.25%, 03/15/29 (b) . . . . . . . . . . . . . . . . 25 25 ,207 Science Applications International Corp., 5.88%, 11/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,745 Seagate Data Storage Technology Pte Ltd. 4.09%, 06/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33 ,960 5.75%, 12/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39 ,755 9.63%, 12/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 61 ,580 4,433,052

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

11 2026 I S HARES S EMI -A NNUAL F INANCIAL S TATEMENTS AND NM1026U-6054787-11/176 A DDITIONAL I NFORM NM A M1026U60547 DDITIONAL 7 I 11/176 NFORMATION

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Security

Par (000) Value

Cosmetics & Personal Care — 0.1% Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC 4.75%, 01/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15 $ 14,667 5.60%, 01/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48,651 6.63%, 07/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35,094 Edgewell Personal Care Co. 4.13%, 04/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38,732 5.50%, 06/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,946 Estee Lauder Companies, Inc. (The) 1.95%, 03/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 35,022 2.38%, 12/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 59,208 2.60%, 04/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 83,189 3.13%, 12/01/49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 25,465 4.15%, 03/15/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 31,101 4.38%, 05/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,954 4.38%, 06/15/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 44,460 4.65%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38,621 5.00%, 02/14/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 53,916 5.15%, 05/15/53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 43,524 6.00%, 05/15/37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,802 Haleon U.S. Capital LLC, 3.63%, 03/24/32 . . . . . . . . . . . . 250 231,651 864,003 Distribution & Wholesale — 0.1% ADI Global Distribution Funding LLC, 7.13%, 07/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,815 Core & Main LP, 6.00%, 07/01/34 (b) . . . . . . . . . . . . . . . . . . 25 24,942 Ferguson Finance PLC 3.25%, 06/02/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 51,497 4.50%, 10/24/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,540 LKQ Corp. 5.75%, 06/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 55,614 6.25%, 06/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40,955 RB Global Holdings, Inc. 6.75%, 03/15/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35,339 7.75%, 03/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 56,818 Resideo Funding II LLC 4.00%, 09/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,057 6.50%, 07/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39,610 399,187 Diversified Financial Services — 2.2% AerCap Ireland Capital DAC/AerCap Global Aviation Trust 3.00%, 10/29/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195 187,343 3.30%, 01/30/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 285 257,121 3.40%, 10/29/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170 148,421 3.85%, 10/29/41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 1 16,977 3.88%, 01/23/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 148,157 4.63%, 10/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 149,889 4.63%, 09/10/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160 158,196 4.95%, 09/10/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,869 5.10%, 01/19/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135 135,392 5.30%, 01/19/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,627 5.38%, 12/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,035 5.75%, 06/06/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 121,811 6.15%, 09/30/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36,170 6.95%, 03/10/55, (5-year CMT + 2.72%) (a) . . . . . . . . . 110 1 12,723 Ally Financial, Inc. 2.20%, 11/02/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 66,096 5.54%, 01/17/31, (1-day SOFR Index + 1.73%) (a) . . . 15 14,988 5.74%, 05/15/29, (1-day SOFR Index + 1.96%) (a) . . . 85 85,833

Security

Par (000) Value

Diversified Financial Services (continued) 6.18%, 07/26/35, (1-day SOFR + 2.29%) (a) . . . . . . . . . $ 45 $ 45,081 6.65%, 01/17/40, (5-year CMT + 2.45%) (a) . . . . . . . . . 35 34 ,251 6.70%, 02/14/33 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 ,631 6.85%, 01/03/30, (1-day SOFR + 2.82%) (a) . . . . . . . . . 45 46 ,580 6.99%, 06/13/29, (1-day SOFR + 3.26%) (a) . . . . . . . . . 75 77 ,330 7.10%, 11/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 46 ,158 8.00%, 11/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 235 258,162 American Express Co. 4.05%, 05/03/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 138,125 4.05%, 12/03/42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 53 ,084 4.35%, 07/20/29, (1-day SOFR + 0.81%) (a) . . . . . . . . . 115 114,251 4.42%, 08/03/33, (1-day SOFR + 1.76%) (a)(c) . . . . . . . 120 114,807 4.73%, 04/25/29, (1-day SOFR + 1.26%) (a) . . . . . . . . . 225 225,137 4.80%, 10/24/36, (1-day SOFR + 1.24%) (a) . . . . . . . . . 40 37 ,809 4.92%, 07/20/33, (1-day SOFR + 1.22%) (a) . . . . . . . . . 15 14 ,732 4.99%, 05/26/33, (1-day SOFR + 2.26%) (a) . . . . . . . . . 90 87 ,999 5.02%, 04/25/31, (1-day SOFR + 1.44%) (a) . . . . . . . . . 120 120,153 5.04%, 05/01/34, (1-day SOFR + 1.84%) (a) . . . . . . . . . 115 113,302 5.09%, 01/30/31, (1-day SOFR Index + 1.02%) (a) . . . 120 120,353 5.28%, 07/27/29, (1-day SOFR Index + 1.28%) (a) . . . 185 186,879 5.28%, 07/26/35, (1-day SOFR + 1.42%) (a) . . . . . . . . . 60 59 ,393 5.41%, 02/08/41, (5-year CMT + 1.15%) (a) . . . . . . . . . 75 72,711 5.44%, 01/30/36, (1-day SOFR Index + 1.32%) (a) . . . 130 129,470 5.53%, 04/25/30, (1-day SOFR Index + 1.09%) (a)(c) . 60 60,951 5.63%, 07/28/34, (1-day SOFR + 1.93%) (a) . . . . . . . . . 20 20 ,061 5.67%, 04/25/36, (1-day SOFR + 1.79%) (a) . . . . . . . . . 120 121,315 5.85%, 11/05/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 ,525 5.92%, 04/25/35, (1-day SOFR + 1.63%) (a) . . . . . . . . . 70 70 ,949 6.49%, 10/30/31, (1-day SOFR + 1.94%) (a) . . . . . . . . . 15 15 ,793 Ameriprise Financial, Inc. 4.50%, 05/13/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 87 ,536 5.15%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59 ,775 5.70%, 12/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 56 ,166 Apollo Global Management, Inc. 4.60%, 01/15/31 . ................................. 5 4,888 5.15%, 08/12/35 (c) ................................ 5 4,787 5.80%, 05/21/54 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 55 ,677 6.00%, 12/15/54, (5-year CMT + 2.17%) (a) . . . . . . . . . 40 38 ,008 6.38%, 11/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 78 ,671 Ares Finance Co. II LLC, 3.25%, 06/15/30 (b) . . . . . . . . . . 50 46 ,445 Ares Finance Co. IV LLC, 3.65%, 02/01/52 (b) . . . . . . . . . 25 16,485 Ares Management Corp. 5.60%, 10/11/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 43 ,875 6.38%, 11/10/28 . ................................. 5 5,138 Bread Financial Holdings, Inc. 6.75%, 05/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,642 8.38%, 06/15/35, (5-year CMT + 4.30%) (a)(b) . . . . . . . 25 26,073 Broadridge Financial Solutions, Inc. 2.60%, 05/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 75 ,571 2.90%, 12/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 65 ,422 Burford Capital Global Finance LLC 7.50%, 07/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 22 ,078 8.50%, 01/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 22 ,669 9.25%, 07/01/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 74 ,879 Capital One Financial Corp. 2.36%, 07/29/32, (1-day SOFR + 1.34%) (a) . . . . . . . . . 20 17 ,192 3.27%, 03/01/30, (1-day SOFR + 1.79%) (a) . . . . . . . . . 135 129,668 3.80%, 01/31/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,703 5.20%, 09/11/36, (1-day SOFR + 1.63%) (a) . . . . . . . . . 55 52 ,417 5.27%, 05/10/33, (1-day SOFR + 2.37%) (a) . . . . . . . . . 135 133,335 5.46%, 07/26/30, (1-day SOFR + 1.56%) (a) . . . . . . . . . 120 121,248

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054787-12/176 12

Page 13

Security

Par (000) Value

Diversified Financial Services (continued) 5.47%, 02/01/29, (1-day SOFR + 2.08%) (a) . . . . . . . . . $ 80 $ 80,681 5.70%, 02/01/30, (1-day SOFR + 1.91%) (a) . . . . . . . . . 65 65,985 5.82%, 02/01/34, (1-day SOFR + 2.60%) (a) . . . . . . . . . 65 65,708 5.88%, 07/26/35, (1-day SOFR + 1.99%) (a) . . . . . . . . . 155 156,141 6.05%, 02/01/35, (1-day SOFR + 2.26%) (a) . . . . . . . . . 50 50,896 6.18%, 01/30/36, (1-day SOFR + 2.04%) (a) . . . . . . . . . 115 1 15,114 6.31%, 06/08/29, (1-day SOFR + 2.64%) (a) . . . . . . . . . 180 184,351 6.38%, 06/08/34, (1-day SOFR + 2.86%) (a) . . . . . . . . . 150 155,807 6.70%, 11/29/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 64,071 7.62%, 10/30/31, (1-day SOFR + 3.07%) (a) . . . . . . . . . 95 103,003 7.96%, 11/02/34, (1-day SOFR Index + 3.37%) (a) . . . 80 90,327 Cboe Global Markets, Inc. 1.63%, 12/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 21,724 3.00%, 03/16/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 67,221 Charles Schwab Corp. (The) 1.65%, 03/11/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 90,768 1.95%, 12/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 77,421 2.00%, 03/20/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130 125,014 2.30%, 05/13/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 53,273 2.75%, 10/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 56,388 2.90%, 03/03/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 62,685 3.20%, 01/25/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 93,273 3.25%, 05/22/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 43,354 4.00%, 02/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,317 4.63%, 03/22/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,906 5.49%, 05/21/37, (1-day SOFR + 1.28%) (a) ......... 5 4,931 5.64%, 05/19/29, (1-day SOFR + 2.21%) (a) . . . . . . . . . 55 55,857 5.85%, 05/19/34, (1-day SOFR + 2.50%) (a) . . . . . . . . . 65 66,728 6.14%, 08/24/34, (1-day SOFR + 2.01%) (a) . . . . . . . . . 125 130,153 6.20%, 11/17/29, (1-day SOFR + 1.88%) (a) . . . . . . . . . 105 108,065 CME Group, Inc. 2.65%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 71,230 3.75%, 06/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 103,678 4.15%, 06/15/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 43,628 4.40%, 03/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,877 5.30%, 09/15/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 66,882 Credit Acceptance Corp., 6.63%, 03/15/30 (b) . . . . . . . . . . 50 50,292 CSI MTN Ltd., 4.25%, 07/16/28, (1-day SOFR Index + 0.60%) (a)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 200,138 Encore Capital Group, Inc. 6.63%, 06/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 60,151 8.50%, 05/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 37,110 Equitable America Global Funding 4.95%, 06/09/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 103,859 5.13%, 06/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 98,961 Far East Horizon Ltd., 5.88%, 03/05/28 (d) . . . . . . . . . . . . . 200 200,404 Franklin Resources, Inc. 1.60%, 10/30/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 56,784 2.95%, 08/12/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 23,862 Intercontinental Exchange, Inc. 1.85%, 09/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 1 16,743 2.10%, 06/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 81,339 2.65%, 09/15/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 70,376 3.00%, 06/15/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 59,168 3.00%, 09/15/60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 64,383 3.10%, 09/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 68,130 3.63%, 09/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 146,914 3.75%, 09/21/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,449 4.00%, 09/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 1 19,463 4.25%, 09/21/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112 87,756 4.35%, 06/15/29 .................................. 5 4,945

Security

Par (000) Value

Diversified Financial Services (continued) 4.60%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 130 $ 125,701 4.95%, 06/15/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 90 ,601 5.20%, 06/15/62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 64 ,682 5.25%, 06/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 60 ,571 Lazard Group LLC 4.38%, 03/11/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49 ,273 4.50%, 09/19/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,818 6.00%, 03/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,873 Legg Mason, Inc., 5.63%, 01/15/44. . . . . . . . . . . . . . . . . . . 34 32 ,646 LPL Holdings, Inc. 4.00%, 03/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 72 ,782 4.38%, 05/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 42 ,745 4.63%, 11/15/27 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 79 ,685 4.90%, 04/03/28 . ................................. 5 4,996 5.20%, 03/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,961 5.75%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59 ,067 6.00%, 05/20/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,412 6.75%, 11/17/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 67 ,283 LSEG Finance PLC 2.00%, 04/06/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 220 210,803 2.50%, 04/06/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 53 ,597 3.20%, 04/06/41 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 25 ,892 LSEG U.S. Fin Corp., 5.30%, 03/28/34 (b) . . . . . . . . . . . . . 40 39 ,529 Mastercard, Inc. 2.95%, 06/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 114,976 3.35%, 03/26/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 190,584 3.50%, 02/26/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 190 187,421 3.85%, 03/26/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205 152,261 3.95%, 02/26/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 18 ,997 4.35%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,191 4.60%, 06/08/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 197,404 4.88%, 05/09/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210 206,730 Mitsubishi HC Capital, Inc. 3.97%, 04/13/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,215 5.08%, 09/15/27 (b) ................................ 5 5,008 Mitsubishi HC Finance America LLC, 4.56%, 01/14/31 (b) ....................................... 5 4,861 Nasdaq, Inc. 1.65%, 01/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 56 ,569 2.50%, 12/21/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 47 ,454 3.25%, 04/28/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 41 ,878 3.95%, 03/07/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 36 ,033 5.35%, 06/28/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98 99 ,097 5.55%, 02/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 63 ,660 5.95%, 08/15/53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,595 6.10%, 06/28/63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 58 ,422 OneMain Finance Corp. 3.88%, 09/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33 ,910 4.00%, 09/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 57 ,209 5.38%, 11/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54 ,184 6.13%, 05/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,870 6.63%, 01/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,461 6.63%, 05/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,715 6.75%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,106 6.75%, 09/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59 ,132 7.13%, 11/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 55 ,784 7.13%, 09/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 60 ,880 7.13%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,988 7.50%, 05/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 51 ,343 7.88%, 03/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 51 ,838

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

13 2026 I S HARES S EMI -A NNUAL F INANCIAL S TATEMENTS AND NM1026U-6054787-13/176 A DDITIONAL I NFORM NM A M1026U60547 DDITIONAL 7 I 13/176 NFORMATION

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Diversified Financial Services (continued) PennyMac Financial Services, Inc. 4.25%, 02/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25 $ 23,853 5.75%, 09/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28,039 6.75%, 02/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 37,055 6.88%, 05/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 43,320 6.88%, 02/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 47,497 7.13%, 11/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50,228 7.88%, 12/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 56,765 PRA Group, Inc. 5.00%, 10/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,024 8.38%, 02/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35,458 8.88%, 01/31/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36,328 Radian Group, Inc., 6.20%, 05/15/29 . . . . . . . . . . . . . . . . . 55 56,516 Raymond James Financial, Inc. 3.75%, 04/01/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 62,554 4.65%, 04/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 89,234 4.95%, 07/15/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 60,707 SLM Corp. 6.50%, 01/31/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50,908 6.50%, 05/15/32, (1-day SOFR Index + 2.71%) (a) . . . 15 15,079 Stifel Financial Corp., 4.00%, 05/15/30 . . . . . . . . . . . . . . . 35 33,539 Sumisho Air Lease Corp. 2.10%, 09/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 56,776 2.88%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 22,109 3.00%, 02/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 74,479 3.25%, 10/01/29 .................................. 5 4,739 4.63%, 10/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,787 4.85%, 03/24/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 97,859 5.10%, 03/01/29 .................................. 5 5,007 5.20%, 07/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,867 5.85%, 12/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 60,751 Synchrony Financial 2.88%, 10/28/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 87,801 3.95%, 12/01/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 123,618 4.95%, 02/25/32, (1-day SOFR + 1.53%) (a) . . . . . . . . . 50 48,426 5.15%, 03/19/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84 83,789 5.45%, 03/06/31, (1-day SOFR + 1.68%) (a) . . . . . . . . . 25 24,920 5.94%, 08/02/30, (1-day SOFR Index + 2.13%) (a) . . . 100 101,461 6.00%, 07/29/36, (1-day SOFR + 2.07%) (a) ......... 5 4,924 7.25%, 02/02/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 51,721 Visa, Inc. 1.10%, 02/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 72,992 2.00%, 08/15/50 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 64,115 2.05%, 04/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 127 1 15,865 2.70%, 04/15/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 51,421 2.75%, 09/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 73,829 3.65%, 09/15/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 40,637 4.15%, 12/14/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 69,930 4.30%, 12/14/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 240 198,253 Voya Financial, Inc. 4.70%, 01/23/48, (3-mo. SOFR US + 2.34%) (a) . . . . . 10 9,822 4.80%, 06/15/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 29,621 5.70%, 07/15/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,537 Western Union Co. (The) 2.75%, 03/15/31 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 27,021 4.75%, 06/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,854 6.20%, 11/17/36 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50,437 WS Escrow LLC, 7.75%, 06/01/33 (b) . . . . . . . . . . . . . . . . . . 40 41,652 15,700,489

Security

Par (000) Value

Electric — 0.5% AEP Texas, Inc. 3.45%, 05/15/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 60 $ 38,566 3.80%, 10/01/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 35 ,802 3.95%, 06/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,788 4.70%, 05/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 58 ,220 5.40%, 06/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54 ,681 5.45%, 05/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,696 5.70%, 05/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,199 5.85%, 10/15/55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,354 Series H, 3.45%, 01/15/50 . . . . . . . . . . . . . . . . . . . . . . . . 25 16 ,347 Series I, 2.10%, 07/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,989 American Transmission Systems, Inc. 2.65%, 01/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 61 ,737 5.00%, 09/01/44 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 39,511 Atlantic City Electric Co. 2.30%, 03/15/31 . ................................. 5 4,454 4.00%, 10/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59 ,183 CenterPoint Energy Houston Electric LLC 3.55%, 08/01/42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 57 ,505 3.95%, 03/01/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 37 ,961 4.50%, 04/01/44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 41 ,383 4.95%, 04/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49 ,074 5.20%, 10/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,314 Series AD, 2.90%, 07/01/50 . . . . . . . . . . . . . . . . . . . . . . . 20 12 ,253 Series AE, 2.35%, 04/01/31 . . . . . . . . . . . . . . . . . . . . . . . 45 40 ,214 Series AF, 3.35%, 04/01/51. . . . . . . . . . . . . . . . . . . . . . . . 75 49 ,650 Series AG, 3.00%, 03/01/32 . . . . . . . . . . . . . . . . . . . . . . . 30 27 ,088 Series AI, 4.45%, 10/01/32 . . . . . . . . . . . . . . . . . . . . . . . . 50 48,116 Series AJ, 4.85%, 10/01/52. . . . . . .................. 5 4,251 Series K2, 6.95%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . 25 27 ,327 Cleveland Electric Illuminating Co. (The) 3.50%, 04/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 58 ,726 4.55%, 11/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,074 Commonwealth Edison Co. 3.00%, 03/01/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 27 ,828 3.65%, 06/15/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130 94 ,128 3.70%, 03/01/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 7,420 3.80%, 10/01/42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 3,911 4.00%, 03/01/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 78 ,852 4.35%, 11/15/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,081 4.60%, 08/15/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 68 ,429 5.30%, 02/01/53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 40 ,087 5.65%, 06/01/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 32 ,771 5.85%, 06/01/56 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,440 5.90%, 03/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 82 ,440 5.95%, 06/01/55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,311 6.45%, 01/15/38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 42 ,669 Series 123, 3.75%, 08/15/47 . . . . . . . . . . . . . . . . . . . . . . 40 29 ,046 Series 130, 3.13%, 03/15/51 . . . . . . . . . . . . . . . . . . . . . . 55 34 ,514 Series 133, 3.85%, 03/15/52 . . . . . . . . . . . . . . . . . . . . . . 30 21 ,336 Connecticut Light and Power Co. (The) 4.30%, 04/15/44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 81 ,870 5.25%, 01/15/53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 89 ,639 Duke Energy Florida Project Finance LLC, Series 2035, 3.11%, 09/01/38 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . 25 21 ,120 FirstEnergy Transmission LLC 2.87%, 09/15/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38 ,451 4.55%, 01/15/30 . ................................. 5 4,930 4.55%, 04/01/49 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 27 ,810 5.00%, 01/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 77 ,152 5.45%, 07/15/44 (b) ................................ 5 4,576

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054787-14/176 14

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Security

Par (000) Value

Electric (continued) ITC Holdings Corp. 2.95%, 05/14/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 26 $ 24,095 3.35%, 11/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 63,996 4.88%, 04/15/31 (b) ................................ 5 4,928 4.95%, 09/22/27 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 80,291 5.30%, 07/01/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 22,783 5.40%, 06/01/33 (b) ................................ 5 4,991 5.65%, 05/09/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30,097 Jersey Central Power & Light Co. 2.75%, 03/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 39,619 4.15%, 01/15/29 .................................. 5 4,935 5.10%, 01/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,450 Mid-Atlantic Interstate Transmission LLC, 4.10%, 05/15/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59,387 NSTAR Electric Co. 4.85%, 03/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 1 19,647 5.20%, 03/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 98,499 Ohio Power Co. 4.00%, 06/01/49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 29,217 4.15%, 04/01/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 45,223 5.00%, 06/01/33 .................................. 5 4,890 5.65%, 06/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,160 Series P, 2.60%, 04/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . 35 32,406 Series Q, 1.63%, 01/15/31 . . . . . . . . . . . . . . . . . . . . . . . . 40 34,633 Series R, 2.90%, 10/01/51 . . . . . . . . . . . . . . . . . . . . . . . . 15 8,749 PG&E Recovery Funding LLC, Series A-2, 5.23%, 06/01/42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 87,788 Potomac Electric Power Co. 4.15%, 03/15/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117 94,790 5.20%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,921 5.50%, 03/15/54 .................................. 5 4,598 6.50%, 11/15/37 .................................. 5 5,347 PPL Electric Utilities Corp. 3.00%, 10/01/49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 21,998 3.95%, 06/01/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 34,062 4.13%, 06/15/44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 28,015 4.15%, 06/15/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 34,864 4.85%, 02/15/34 .................................. 5 4,869 5.00%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 64,283 5.25%, 05/15/53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 53,556 5.55%, 08/15/55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,317 5.75%, 05/15/56 .................................. 5 4,767 6.25%, 05/15/39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36,694 Toledo Edison Co. (The), 6.15%, 05/15/37 . . . . . . . . . . . . 15 15,785 Trans-Allegheny Interstate Line Co., 5.00%, 01/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,875 XPLR Infrastructure Operating Partners LP 7.25%, 01/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,846 7.75%, 04/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 47,635 8.38%, 01/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 53,235 8.63%, 03/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 58,931 3,420,446 Electrical Components & Equipment — 0.1% ABB Finance USA, Inc. 3.80%, 04/03/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 69,201 4.38%, 05/08/42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17,079 Acuity Brands Lighting, Inc., 2.15%, 12/15/30 . . . . . . . . . 50 44,403 Energizer Holdings, Inc. 4.38%, 03/31/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 51,393 4.75%, 06/15/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 44,500 6.00%, 09/15/33 (b)(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,952

Security

Par (000) Value

Electrical Components & Equipment (continued) EnerSys 4.38%, 12/15/27 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 30 $ 29,765 6.63%, 01/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,347 WESCO Distribution, Inc. 5.25%, 04/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,509 5.50%, 04/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48 ,781 6.38%, 03/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 66 ,060 6.38%, 03/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,707 6.63%, 03/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 53 ,260 548,957 Electronics — 0.2% Allegion PLC, 3.50%, 10/01/29 . . . . . . . . . . . . . . . . . . . . . . . 52 49 ,794 Allegion U.S. Holding Co., Inc. 3.55%, 10/01/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39 ,546 5.41%, 07/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,330 5.60%, 05/29/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 55 ,334 Arrow Electronics, Inc. 3.88%, 01/12/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,524 5.88%, 04/10/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,159 Atkore, Inc., 4.25%, 06/01/31 (b) . . . . . . . . . . . . . . . . . . . . . . 30 30 ,205 Avnet, Inc., 3.00%, 05/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . 50 44 ,567 Coherent Corp., 5.00%, 12/15/29 (b) . . . . . . . . . . . . . . . . . . . 70 69 ,088 Flex Ltd. 4.88%, 06/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 55 ,536 4.88%, 05/12/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49 ,097 5.38%, 11/13/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 47 ,301 Fortive Corp. 4.30%, 06/15/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 37 ,007 4.75%, 05/15/31 . ................................. 5 4,893 5.25%, 05/15/36 . ................................. 5 4,844 Jabil, Inc. 3.00%, 01/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 59 ,047 3.60%, 01/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 52 ,223 3.95%, 01/12/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 76 ,088 5.45%, 02/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,081 Keysight Technologies, Inc. 3.00%, 10/30/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 53 ,747 5.35%, 07/30/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 60 ,604 nVent Finance SARL 2.75%, 11/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 26 ,427 5.65%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 ,444 Sensata Technologies BV 4.00%, 04/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,555 5.88%, 09/01/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,268 Sensata Technologies, Inc. 3.75%, 02/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 27 ,987 4.38%, 02/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28 ,971 6.63%, 07/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40 ,933 TD SYNNEX Corp. 2.65%, 08/09/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,797 6.10%, 04/12/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,753 Trimble, Inc. 4.90%, 06/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72 71 ,799 6.10%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 71 ,920 TTM Technologies, Inc., 4.00%, 03/01/29 (b) . . . . . . . . . . . 35 33 ,699 Tyco Electronics Group SA 2.50%, 02/04/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 21 ,902 4.50%, 02/09/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,814 7.13%, 10/01/37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 50 ,527

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

15 2026 I S HARES S EMI -A NNUAL F INANCIAL S TATEMENTS AND NM1026U-6054787-15/176 A DDITIONAL I NFORM NM A M1026U60547 DDITIONAL 7 I 15/176 NFORMATION

Page 16

Security

Par (000) Value

Electronics (continued) Vontier Corp. 2.40%, 04/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 40 $ 38,455 2.95%, 04/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 65,943 1,537,209 Engineering & Construction — 0.0% Cellnex Finance Co. SA, 3.88%, 07/07/41 (b) .......... 5 3,881 Dycom Industries, Inc., 4.50%, 04/15/29 (b) . . . . . . . . . . . . 35 34,073 Granite Construction, Inc., 6.38%, 06/15/34 (b) . . . . . . . . . 35 35,286 Jacobs Engineering Group, Inc., 6.35%, 08/18/28 . . . . . 70 71,865 Tutor Perini Corp., 6.63%, 07/15/33 (b) . . . . . . . . . . . . . . . . 20 20,178 WSP Global, Inc., 5.71%, 09/18/36 (b) . . . . . . . . . . . . . . . . . 60 57,847 223,130 Entertainment — 0.1% AMC Entertainment Holdings, Inc., 7.50%, 02/15/29 (b) . 20 19,836 Cinemark USA, Inc. 5.25%, 07/15/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59,859 7.00%, 08/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36,054 SeaWorld Parks & Entertainment, Inc., 5.25%, 08/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 53,671 Six Flags Entertainment Corp., 7.25%, 05/15/31 (b)(c) . . 50 49,354 Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp. 5.25%, 07/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33,909 6.50%, 10/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,993 Six Flags Entertainment Corp./Canada's Wonderland Co/Millennium Operations LLC, 8.63%, 01/15/32 (b)(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50,683 Six Flags Entertainment Corp./Six Flags Theme Parks, Inc./Canada's Wonderland Co., 6.63%, 05/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 62,744 386,103 Environmental Control — 0.1% Republic Services, Inc. 1.45%, 02/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 64,587 1.75%, 02/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82 69,259 2.30%, 03/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 63,265 2.38%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 38,421 3.05%, 03/01/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 25,609 3.38%, 11/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 76,992 3.95%, 05/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 37,600 4.88%, 04/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 65,205 5.00%, 11/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,061 5.00%, 12/15/33 .................................. 5 4,960 5.00%, 04/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 1 13,462 5.70%, 05/15/41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,072 6.20%, 03/01/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21,032 Veralto Corp. 5.35%, 09/18/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,267 5.45%, 09/18/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50,320 691,112 Food — 0.7% Bimbo Bakeries USA, Inc., 6.40%, 01/15/34 (d) . . . . . . . . 200 209,572 Conagra Brands, Inc. 1.38%, 11/01/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 91,329 4.85%, 11/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106 105,551 5.00%, 08/01/30 .................................. 5 4,937 5.30%, 11/01/38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 44,215 5.40%, 08/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,905 5.40%, 11/01/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 72,305 5.75%, 08/01/35 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,584

Security

Par (000) Value

Food (continued) 7.00%, 10/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10 $ 10,379 8.25%, 09/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 60 ,684 Flowers Foods, Inc. 2.40%, 03/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 30 ,161 5.75%, 03/15/35 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,427 General Mills, Inc. 2.25%, 10/14/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 56 ,691 2.88%, 04/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 74 ,377 3.00%, 02/01/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 36 ,910 4.15%, 02/15/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 19 ,905 4.20%, 04/17/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116 115,040 4.88%, 01/30/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,966 4.95%, 03/29/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 68 ,483 5.25%, 01/30/35 (c) ................................ 5 4,905 5.40%, 06/15/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 35 ,259 5.50%, 10/17/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,149 Grupo Bimbo SAB de CV, 4.00%, 09/06/49 (d) . . . . . . . . . 200 146,024 Hershey Co. (The) 1.70%, 06/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 84 ,774 2.45%, 11/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 97 ,661 3.13%, 11/15/49 . ................................. 5 3,246 5.10%, 02/24/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 84 ,800 Hormel Foods Corp. 1.70%, 06/03/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 66 ,606 1.80%, 06/11/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 84 ,914 3.05%, 06/03/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 46 ,745 Ingredion, Inc. 2.90%, 06/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 65 ,063 3.90%, 06/01/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 17 ,940 J M Smucker Co. (The) 2.13%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 38 ,314 2.38%, 03/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 32 ,094 3.38%, 12/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59 ,093 4.25%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 54 ,890 4.38%, 03/15/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 44 ,581 5.90%, 11/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 51 ,182 6.20%, 11/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 94 ,467 6.50%, 11/15/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,744 6.50%, 11/15/53 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 94 ,721 Lamb Weston Holdings, Inc. 4.13%, 01/31/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 52 ,726 4.38%, 01/31/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 44 ,204 4.88%, 05/15/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,828 Nestle Capital Corp., 4.88%, 03/12/34 (b) . . . . . . . . . . . . . . 35 34 ,444 Nestle Holdings, Inc. 1.00%, 09/15/27 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48 ,316 1.25%, 09/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 230 199,894 1.50%, 09/14/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145 136,755 1.88%, 09/14/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 129,923 2.50%, 09/14/41 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 6,843 2.63%, 09/14/51 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 26 ,607 3.90%, 09/24/38 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 131,288 4.00%, 09/24/48 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 154,806 4.13%, 10/01/27 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,907 4.25%, 10/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170 167,753 4.30%, 10/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 149,605 4.70%, 01/15/53 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,521 4.95%, 03/14/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,043 5.00%, 03/14/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175 176,267 Post Holdings, Inc. 4.50%, 09/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 69 ,762

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054787-16/176 16

Page 17

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Par (000) Value

Food (continued) 4.63%, 04/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 90 $ 86,743 6.25%, 02/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 65,614 6.25%, 10/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 77,154 6.38%, 03/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,137 6.50%, 03/15/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 72,681 Sysco Corp. 3.15%, 12/14/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 42,633 4.45%, 03/15/48 .................................. 5 3,901 4.50%, 04/01/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 71,868 4.85%, 10/01/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,440 5.40%, 03/23/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 88,322 5.75%, 01/17/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 91,724 5.95%, 04/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,502 6.60%, 04/01/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 52,176 6.60%, 04/01/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 1 12,008 TreeHouse Foods, Inc., 7.75%, 02/11/33 (b) . . . . . . . . . . . . 45 45,519 U.S. Foods, Inc. 4.63%, 06/01/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,379 4.75%, 02/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54,298 5.75%, 04/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,790 6.88%, 09/15/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30,542 7.25%, 01/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36,170 United Natural Foods, Inc., 6.75%, 10/15/28 (b) . . . . . . . . 27 27,066 5,025,752 Food Service — 0.0% Aramark Services, Inc., 5.00%, 02/01/28 (b) . . . . . . . . . . . . 80 79,820 Sodexo, Inc. 2.72%, 04/16/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 35,927 5.15%, 08/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 199,385 5.80%, 08/15/35 (b) ................................ 5 4,994 320,126 Forest Products & Paper — 0.1% International Paper Co. 4.35%, 08/15/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 10,766 4.40%, 08/15/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 42,323 4.80%, 06/15/44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 49,024 5.00%, 09/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33,555 5.15%, 05/15/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 34,875 6.00%, 11/15/41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,693 Inversiones CMPC SA, 6.13%, 06/23/33 (d) . . . . . . . . . . . . 200 195,487 415,723 Hand & Machine Tools — 0.0% Snap-on, Inc. 3.10%, 05/01/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 28,918 4.10%, 03/01/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 19,347 Stanley Black & Decker, Inc. 2.30%, 03/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 59,159 2.75%, 11/15/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 37,097 3.00%, 05/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 44,517 4.25%, 11/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,727 4.85%, 11/15/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 33,462 5.20%, 09/01/40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 19,259 266,486 Health Care - Products — 0.6% Agilent Technologies, Inc. 2.10%, 06/04/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 45,120 2.30%, 03/12/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 57,860 2.75%, 09/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 47,032 4.20%, 09/09/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 44,901 4.75%, 09/09/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 43,387

Security

Par (000) Value

Health Care - Products (continued) Alcon Finance Corp. 2.60%, 05/27/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 70 $ 64,128 3.00%, 09/23/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 80 ,318 3.80%, 09/23/49 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 56 ,854 5.38%, 12/06/32 (b) ................................ 5 5,028 5.75%, 12/06/52 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,160 Augusta SpinCo Corp. 4.66%, 03/23/31 . ................................. 5 4,913 4.95%, 03/23/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 97 ,901 5.25%, 03/23/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 68 ,288 Avantor Funding, Inc. 3.88%, 11/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 52 ,947 4.63%, 07/15/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 104,173 Danaher Corp. 2.60%, 10/01/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 51 ,524 2.80%, 12/10/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 38 ,478 4.38%, 09/15/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 33 ,008 Dentsply Sirona, Inc. 3.25%, 06/01/30 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 46 ,221 8.38%, 09/12/55, (5-year CMT + 4.38%) (a) . . . . . . . . . 50 49 ,734 DH Europe Finance II SARL 2.60%, 11/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 93 ,409 3.25%, 11/15/39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 50 ,699 3.40%, 11/15/49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 52 ,135 Edwards Lifesciences Corp., 4.30%, 06/15/28 . . . . . . . . 30 29,777 Embecta Corp. 5.00%, 02/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 30 ,356 6.75%, 02/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 12 ,428 GE HealthCare Technologies, Inc. 4.80%, 08/14/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 99 ,949 5.65%, 11/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 121,324 5.86%, 03/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 117,964 5.91%, 11/22/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135 139,508 6.38%, 11/22/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 96 ,856 Medline Borrower LP 3.88%, 04/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300 290,418 5.25%, 10/01/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49 ,728 Neogen Food Safety Corp., 8.63%, 07/20/30 (b) . . . . . . . . 25 26 ,369 Revvity, Inc. 1.90%, 09/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 47 ,157 2.25%, 09/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 47 ,865 2.55%, 03/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 28 ,631 3.30%, 09/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 59 ,898 3.63%, 03/15/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 36 ,135 Stryker Corp. 1.95%, 06/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130 116,712 4.10%, 04/01/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 20 ,235 4.25%, 09/11/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 113,201 4.63%, 09/11/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135 129,077 4.63%, 03/15/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 50 ,812 4.70%, 02/10/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 100,121 5.20%, 02/10/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 153,505 Teleflex, Inc. 4.25%, 06/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39 ,329 5.88%, 01/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,044 Thermo Fisher Scientific, Inc. 1.75%, 10/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,421 2.00%, 10/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 91 ,308 2.60%, 10/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 187,629 2.80%, 10/15/41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 84 ,410 4.10%, 08/15/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 78 ,851

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

17 2026 I S HARES S EMI -A NNUAL F INANCIAL S TATEMENTS AND NM1026U-6054787-17/176 A DDITIONAL I NFORM NM A M1026U60547 DDITIONAL 7 I 17/176 NFORMATION

Page 18

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Par (000) Value

Health Care - Products (continued) 4.22%, 02/12/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 100 $ 97,077 4.90%, 02/12/36 .................................. 5 4,815 5.09%, 08/10/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 99,572 5.55%, 02/12/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 104,819 Zimmer Biomet Holdings, Inc. 2.60%, 11/24/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 35,422 4.45%, 08/15/45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 25,246 5.05%, 02/19/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,033 5.20%, 09/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,022 4,067,242 Health Care - Services — 1.2% Acadia Healthcare Co., Inc. 5.00%, 04/15/29 (b)(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,396 5.50%, 07/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,914 7.38%, 03/15/33 (b)(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36,499 AHP Health Partners, Inc., 5.75%, 07/15/29 (b)(c) . . . . . . . 20 19,976 Charles River Laboratories International, Inc. 3.75%, 03/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33,781 4.00%, 03/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28,275 4.25%, 05/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39,430 DaVita, Inc. 3.75%, 02/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101 93,313 4.63%, 06/01/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 144,651 6.75%, 07/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 61,397 6.88%, 09/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 71,683 Elevance Health, Inc. 2.25%, 05/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180 163,651 2.55%, 03/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 94,311 2.88%, 09/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 89,680 3.13%, 05/15/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 40,211 3.60%, 03/15/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 50,431 3.65%, 12/01/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131 129,568 3.70%, 09/15/49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 34,668 4.10%, 03/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135 133,880 4.10%, 05/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,654 4.38%, 12/01/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 47,046 4.55%, 03/01/48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 20,067 4.55%, 05/15/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 31,368 4.63%, 05/15/42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 55,694 4.65%, 01/15/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 55,500 4.65%, 08/15/44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 46,075 4.75%, 02/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 96,911 4.95%, 11/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,810 5.00%, 01/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33,512 5.10%, 01/15/44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17,751 5.13%, 02/15/53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 80,961 5.15%, 06/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50,406 5.20%, 02/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 151,923 5.38%, 06/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 79,661 5.50%, 10/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 70,852 5.65%, 06/15/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 77,978 5.70%, 02/15/55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 78,509 5.85%, 11/01/64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 65,017 6.10%, 10/15/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 63,389 6.38%, 06/15/37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,988 Encompass Health Corp. 4.50%, 02/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 30,791 4.63%, 04/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,171 4.75%, 02/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54,198 5.88%, 06/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,901 Fortrea Holdings, Inc., 7.50%, 07/01/30 (b) . . . . . . . . . . . . . 35 35,682

Security

Par (000) Value

Health Care - Services (continued) HCA, Inc. 2.38%, 07/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 85 $ 74,759 3.38%, 03/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 62 ,694 3.50%, 09/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 132,055 3.50%, 07/15/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 32,115 3.63%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 114,994 4.13%, 06/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165 161,808 4.38%, 03/15/42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 45 ,522 4.63%, 03/15/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 108,380 4.90%, 11/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33 ,104 5.00%, 03/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 120,420 5.13%, 06/15/39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 83 ,356 5.20%, 06/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,342 5.25%, 03/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,162 5.25%, 06/15/49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130 11 1,703 5.30%, 05/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 96 ,771 5.45%, 04/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 141,452 5.45%, 09/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 94 ,359 5.50%, 03/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40 ,348 5.50%, 06/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 80 ,315 5.50%, 06/15/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 85 ,178 5.60%, 04/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 120,533 5.63%, 09/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130 131,653 5.75%, 03/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 85 ,683 5.88%, 02/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 76 ,412 5.90%, 06/01/53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 69 ,675 5.95%, 09/15/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 70 ,068 6.00%, 04/01/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 94 ,295 6.10%, 04/01/64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 42 ,425 6.20%, 03/01/55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 82 ,165 HealthEquity, Inc., 4.50%, 10/01/29 (b) . . . . . . . . . . . . . . . . . 40 39,007 Humana, Inc. 2.15%, 02/03/32 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 68 ,543 3.13%, 08/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 61 ,744 3.70%, 03/23/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 53 ,338 3.95%, 08/15/49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 34 ,820 4.63%, 12/01/42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 30 ,410 4.80%, 03/15/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 16 ,001 4.88%, 04/01/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 51 ,502 4.95%, 10/01/44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 54 ,665 5.38%, 04/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 125,206 5.50%, 03/15/53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 38 ,990 5.55%, 05/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 44 ,162 5.75%, 03/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,383 5.75%, 04/15/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 67 ,065 5.88%, 03/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 ,560 5.95%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 60 ,949 6.00%, 05/01/55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 18 ,491 6.63%, 09/15/56, (5-year CMT + 2.89%) (a) . . . . . . . . . 60 59 ,463 IQVIA, Inc. 6.25%, 02/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 97 ,589 6.25%, 06/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135 137,547 6.50%, 05/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,597 Laboratory Corp. of America Holdings 2.95%, 12/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 94 ,027 4.55%, 04/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 11 1,578 LifePoint Health, Inc. 5.38%, 01/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 57 ,992 7.00%, 05/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 79 ,902 8.38%, 02/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,537 10.00%, 06/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48 ,427

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054787-18/176 18

Page 19

Security

Par (000) Value

Health Care - Services (continued) Molina Healthcare, Inc. 3.88%, 11/15/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 45 $ 41,758 3.88%, 05/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 45,135 4.38%, 06/15/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 78,693 6.25%, 01/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,707 MPH Acquisition Holdings LLC 5.75%, 12/31/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 38,588 11.50%, 12/31/30, (6.50% Cash and 5.00% PIK) (b)(e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 35,514 Option Care Health, Inc., 4.38%, 10/31/29 (b) . . . . . . . . . . 35 33,921 Pediatrix Medical Group, Inc., 5.38%, 02/15/30 (b) . . . . . 25 24,843 Rede D'or Finance SARL, 4.50%, 01/22/30 (d) . . . . . . . . . 200 188,373 Roche Holdings, Inc. 1.93%, 12/13/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 315 296,817 2.08%, 12/13/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 275 239,065 2.61%, 12/13/51 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 365 209,992 3.63%, 09/17/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205 201,341 4.59%, 09/09/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215 207,077 4.67%, 12/02/35 (b) ................................ 5 4,782 4.99%, 03/08/34 (b) ................................ 5 4,950 5.22%, 03/08/54 (b) ................................ 5 4,561 5.34%, 11/13/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,383 Select Medical Corp., 6.25%, 12/01/32 (b)(c) . . . . . . . . . . . 37 35,880 8,514,151 Holding Companies - Diversified — 0.1% Clue Opco LLC, 9.50%, 10/15/31 (b)(c) . . . . . . . . . . . . . . . . . 50 50,818 Compass Group Diversified Holdings LLC 5.00%, 01/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 23,841 5.25%, 04/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72 68,852 HA Sustainable Infrastructure Capital, Inc. 6.15%, 01/15/31 .................................. 5 5,083 6.38%, 07/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 90,635 7.13%, 11/15/56, (5-year CMT + 3.48%) (a) . . . . . . . . . 35 35,272 8.00%, 06/01/56, (5-year CMT + 4.30%) (a) . . . . . . . . . 25 26,227 HAT Holdings I LLC/HAT Holdings II LLC, 3.75%, 09/15/30 (b)(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 32,490 333,218 Home Builders — 0.2% Beazer Homes USA, Inc. 7.25%, 10/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,301 7.50%, 03/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,300 8.00%, 01/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,475 Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC, 4.88%, 02/15/30 (b) . . . . . . . . . . . 30 28,293 Century Communities, Inc. 3.88%, 08/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38,145 6.63%, 09/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,245 DR Horton, Inc. 1.40%, 10/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33,811 4.85%, 10/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,827 5.00%, 10/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,182 5.50%, 10/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 1 14,142 Installed Building Products, Inc., 5.63%, 02/01/34 (b) . . . 30 29,375 K Hovnanian Enterprises, Inc. 8.00%, 04/01/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30,850 8.38%, 10/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,579 KB Home 4.00%, 06/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,250 4.80%, 11/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,506 7.25%, 07/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,346

Security

Par (000) Value

Home Builders (continued) LGI Homes, Inc. 4.00%, 07/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 20 $ 18,721 7.00%, 11/15/32 (b)(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,617 8.75%, 12/15/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,895 M/I Homes, Inc. 3.95%, 02/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,090 4.95%, 02/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,861 Meritage Homes Corp. 3.88%, 04/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33 ,913 5.65%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,927 NVR, Inc., 3.00%, 05/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . 84 78 ,148 PulteGroup, Inc. 6.00%, 02/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 47 ,277 6.38%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 47 ,507 7.88%, 06/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 39 ,490 Sekisui House U.S., Inc. 2.50%, 01/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 39 ,401 3.85%, 01/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 52 ,021 3.97%, 08/06/61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 12 ,582 6.00%, 01/15/43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13 ,590 Taylor Morrison Communities, Inc. 5.13%, 08/01/30 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,942 5.75%, 01/15/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 ,322 Thor Industries, Inc., 4.00%, 10/15/29 (b) . . . . . . . . . . . . . . 35 33 ,350 Toll Brothers Finance Corp. 3.80%, 11/01/29 . ................................. 5 4,813 4.35%, 02/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,948 5.60%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,920 Tri Pointe Homes, Inc., 5.70%, 06/15/28 . . . . . . . . . . . . . . 25 25 ,025 1,163,987 Home Furnishings — 0.1% Leggett & Platt, Inc. 3.50%, 11/15/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,481 3.50%, 11/15/51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 26 ,345 4.40%, 03/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 40 ,578 Somnigroup International, Inc. 3.88%, 10/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 50 ,255 4.00%, 04/15/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 51 ,943 Whirlpool Corp. 2.40%, 05/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 15 ,121 4.50%, 06/01/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 14 ,151 4.60%, 05/15/50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 19 ,281 4.70%, 05/14/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 35 ,952 4.75%, 02/26/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28 ,480 5.50%, 03/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 19 ,938 5.75%, 03/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 15 ,589 6.13%, 06/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 32 ,878 6.50%, 06/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 30 ,241 7.50%, 07/01/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,178 7.88%, 07/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 53 ,958 509,369 Household Products & Wares — 0.1% Avery Dennison Corp. 2.25%, 02/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 60 ,267 2.65%, 04/30/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 25 ,819 4.88%, 12/06/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,100 5.75%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 ,869 Church & Dwight Co., Inc. 2.30%, 12/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17 ,468 3.95%, 08/01/47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 53 ,363

Schedule of Investments (unaudited) (continued) August 31, 2026

iShares ESG Advanced Universal USD Bond ETF (Percentages shown are based on Net Assets)

19 2026 I S HARES S EMI -A NNUAL F INANCIAL S TATEMENTS AND NM1026U-6054787-19/176 A DDITIONAL I NFORM NM A M1026U60547 DDITIONAL 7 I 19/176 NFORMATION

Page 20

Security

Par (000) Value

Household Products & Wares (continued) 5.00%, 06/15/52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25 $ 21,769 5.60%, 11/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,478 Clorox Co. (The) 1.80%, 05/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 84,745 3.10%, 10/01/27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,273 3.90%, 05/15/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,311 4.40%, 05/01/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,877 4.60%, 05/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,202 5.25%, 05/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,563 Kimberly-Clark Corp. 3.10%, 03/26/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 61,315 3.20%, 07/30/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 37,764 3.95%, 11/01/28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,541 4.50%, 02/16/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 137,161 5.30%, 03/01/41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,576 797,461 Housewares — 0.0% Newell Brands, Inc. 6.25%, 08/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35,090 6.38%, 05/15/30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50,704 6.63%, 09/15/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40,815 6.63%, 05/15/32 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,567 7.38%, 04/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30,217 7.50%, 04/01/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 41,963 8.50%, 06/01/28 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 67,775 292,131 Insurance — 2.0% ACE Capital Trust II, Series N, 9.70%, 04/01/30 . . . . . . . 50 57,517 AEGON Funding Co. LLC, 5.63%, 05/07/36 . . . . . . . . . . . 25 24,368 AIA Group Ltd. 3.20%, 09/16/40 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 147,356 3.60%, 04/09/29 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 194,870 4.95%, 04/04/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,990 5.38%, 04/05/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 199,147 5.40%, 09/30/54 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 26,967 5.63%, 10/25/27 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 65,673 Allianz SE, 6.35%, 09/06/53, (5-year CMT + 3.23%) (a)(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210 215,453 Allstate Corp. (The) 4.20%, 12/15/46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 77,908 5.05%, 06/24/29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40,235 5.55%, 05/09/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 60,473 American Financial Group, Inc., 5.00%, 09/23/35. . . . . . 45 42,363

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