Home
File Metadata
safs-ishares-core-bond-etfs-08-31-en.pdf
Annotation: open/document-extraction

open/document-extraction

Added by Kamaji | Added: 2026-10-26 22:49 | Views: 0 | Model: dorsalhub/pdf-extractor

This view of the annotation often reflects the precision of the extraction model or annotator, as well as the complexity of the document.

2026 Semi-Annual Financial

Statements and Additional

Information (Unaudited)

iShares Trust

• iShares Core 5-10 Year USD Bond ETF | IMTB | NYSE Arca

• iShares Core 10+ Year USD Bond ETF | ILTB | NYSE Arca

• iShares Core U.S. Aggregate Bond ETF | AGG | NYSE Arca

• iShares Total USD Fixed Income Market ETF | BTOT | NYSE Arca

AUGUST 31, 2026

NM1026U-6054655-1/240

Page 2

Page Schedules of Investments ............................................................................................................................... .................... 3 Statements of Assets and Liabilities ............................................................................................................................... . . . . . . . . . . . 212 Statements of Operations ............................................................................................................................... . . . . . . . . . . . . . . . . . . . . 213 Statements of Changes in Net Assets ............................................................................................................................... . . . . . . . . . 214 Financial Highlights ............................................................................................................................... . . . . . . . . . . . . . . . . . . . . . . . . . . 216 Notes to Financial Statements ............................................................................................................................... . . . . . . . . . . . . . . . . 220 Additional Information ............................................................................................................................... . . . . . . . . . . . . . . . . . . . . . . . . 230 Board Review and Approval of Investment Advisory Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 231 Glossary of Terms Used in these Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 236

Table of Contents

NM1026U-6054655-2/240 2

Page 3

Security

Par (000) Value

Collateralized Mortgage Obligations Mortgage-Backed Securities — 0.7% BBCMS Mortgage Trust, 5.40%, 09/15/57 . . . . . . . . . . $ 250 $ 250,414 Benchmark Mortgage Trust, Series 2018-B4, Class A5, 4.12%, 07/15/51 (a) . . . . . . . . . . . . . . . . . . . . 200 196,773 Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates 4.40%, 06/25/35 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 95,775 4.50%, 07/25/33 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500 487,845 5.00%, 02/25/35 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 100,074 Morgan Stanley Capital I Trust 2.32%, 10/15/54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250 219,740 Series 2021-L7, Class A5, 2.57%, 10/15/54 . . . . . . 500 439,920 1,790,541

Total Collateralized Mortgage Obligations — 0.7% (Cost: $1,799,380) ............................................. 1,790,541

Corporate Bonds & Notes Advertising — 0.0% Clear Channel Outdoor Holdings, Inc. 7.13%, 02/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,301 7.50%, 03/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,533 Lamar Media Corp., 5.38%, 11/01/33 (b) . . . . . . . . . . . . . 10 9,730 Neptune Bidco U.S., Inc., 9.50%, 02/15/33 (b) . . . . . . . . 30 30,792 Outfront Media Capital LLC/Outfront Media Capital Corp., 6.00%, 06/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . 10 9,883 WPP 2025 LLC/Delaware, 6.50%, 03/30/36 . . . . . . . . . 25 24,771 96,010 Aerospace & Defense — 0.3% ATI, Inc. 5.13%, 10/01/31 ................................ 5 4,911 5.88%, 06/15/33 ................................ 5 5,050 BAE Systems PLC, 5.30%, 03/26/34 (b) . . . . . . . . . . . . . 30 29,967 Boeing Co. (The) 3.25%, 02/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 25,470 3.60%, 05/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,842 6.53%, 05/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 53,307 Bombardier, Inc. 5.88%, 01/15/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,821 6.75%, 06/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,635 7.00%, 06/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,517 7.45%, 05/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,977 Efesto Bidco SpA Efesto U.S. LLC, 7.50%, 02/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,247 Embraer Netherlands Finance BV, 5.98%, 02/11/35 . 10 10,241 General Dynamics Corp., 4.95%, 08/15/35 .......... 5 4,890 General Electric Co. 4.90%, 01/29/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,455 6.75%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 27,133 Goat Holdco LLC, 6.75%, 02/01/32 (b) . . . . . . . . . . . . . . . 15 15,302 Hexcel Corp., 5.88%, 02/26/35 ..................... 5 5,042 Honeywell Aerospace, Inc. 4.60%, 03/16/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,172 4.95%, 03/16/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 67,218 L3Harris Technologies, Inc. 4.85%, 04/27/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,603 5.35%, 06/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,928 5.40%, 07/31/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45,184

Security

Par (000) Value

Aerospace & Defense (continued) Lockheed Martin Corp. 4.75%, 02/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 45 $ 43,881 4.80%, 08/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,756 5.00%, 08/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,662 Moog, Inc., 5.50%, 10/15/34 (b) . . . . . . . . . . . . . . . . . . . . . 10 9,768 Northrop Grumman Corp. 4.70%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39 ,025 5.25%, 07/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,945 RTX Corp. 2.38%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 34 ,888 5.15%, 02/27/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 60 ,024 5.40%, 05/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,158 6.10%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26 ,288 TransDigm, Inc. 6.00%, 01/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,030 6.13%, 07/31/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,612 6.25%, 01/31/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,114 6.38%, 05/31/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,160 6.63%, 03/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 ,731 6.75%, 01/31/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40 ,627 7.13%, 12/01/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,513 953,094 Agriculture — 0.3% Adecoagro SA, 7.50%, 07/29/32 (c) . . . . . . . . . . . . . . . . . . 20 19 ,561 Altria Group, Inc. 2.45%, 02/04/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 52 ,195 5.25%, 08/06/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,558 5.63%, 02/06/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,085 Archer-Daniels-Midland Co. 4.50%, 08/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,056 5.38%, 09/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,117 BAT Capital Corp. 4.63%, 03/22/33 . ............................... 5 4,791 4.74%, 03/16/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,684 5.55%, 08/05/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,751 5.63%, 08/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,121 6.00%, 02/20/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,508 6.42%, 08/02/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 31,711 7.75%, 10/19/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 22 ,397 Bunge Ltd. Finance Corp. 4.65%, 09/17/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,505 5.15%, 08/04/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,564 5.15%, 03/19/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,222 Cargill, Inc. 2.13%, 11/10/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,725 4.00%, 06/22/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,636 5.13%, 10/11/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,021 5.13%, 02/11/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,923 Philip Morris International, Inc. 4.25%, 10/29/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,832 4.63%, 10/29/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,510 4.88%, 04/30/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,068 5.25%, 02/13/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59 ,784 5.38%, 02/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,464 5.75%, 11/17/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 87 ,531 Reynolds American, Inc., 5.70%, 08/15/35 . . . . . . . . . . 10 10 ,086 694,406 Airlines — 0.0% American Airlines Pass-Through Trust Series 2019-1, Class AA, 3.15%, 08/15/33 ....... 3 3,033

Schedule of Investments (unaudited) August 31, 2026

iShares Core 5-10 Year 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-6054655-3/240 A DDITIONAL I NFOR NM A M1026U60546 DDITIONAL 5 I 3/240 NFORMATION

Page 4

Security

Par (000) Value

Airlines (continued) Series A, Class A, 2.88%, 01/11/36 .............. $ 8 $ 6,926 AS Mileage Plan IP Ltd., 5.31%, 10/20/31 (b) ........ 5 4,855 British Airways Pass-Through Trust Class A, 2.90%, 09/15/36 (b)(d) ................... 8 6,918 Series 2019-1, Class AA, 3.30%, 06/15/34 (b) . . . . . 10 9,643 JetBlue Airways Corp./JetBlue Loyalty LP, 9.88%, 09/20/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 37,742 JetBlue Pass-Through Trust Series 1A, 4.00%, 05/15/34 ..................... 6 5,955 Series 2019-1, Class AA, 2.75%, 11/15/33 . . . . . . . 10 9,126 Southwest Airlines Co., 5.25%, 11/15/35 . . . . . . . . . . . . 25 23,600 United Airlines Pass-Through Trust, Series 2019-2, Class AA, 2.70%, 11/01/33 ...................... 4 3,199 VistaJet Malta Finance PLC/Vista Management Holding, Inc., 8.75%, 01/15/32 (b)(d) . . . . . . . . . . . . . . . 10 10,148 121,145 Apparel — 0.1% Beach Acquisition Bidco LLC, 10.00%, 07/15/33, (10.00% PIK) (b)(e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 56,590 Champ Acquisition Corp., 8.38%, 12/01/31 (b) . . . . . . . 10 10,507 Gildan Activewear, Inc., 5.40%, 10/07/35 (b) . . . . . . . . . 25 23,941 Tapestry, Inc. 3.05%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 22,343 5.50%, 03/11/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,762 VF Corp., 6.00%, 10/15/33 ......................... 5 4,844 132,987 Auto Manufacturers — 0.4% Allison Transmission, Inc., 5.88%, 12/01/33 (b) . . . . . . . 15 14,909 American Honda Finance Corp. 4.90%, 01/10/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,468 5.10%, 01/08/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,086 5.20%, 03/05/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,644 Series A, 5.20%, 04/08/33 . . . . . . . . . . . . . . . . . . . . . . . 25 24,619 BMW U.S. Capital LLC 3.70%, 04/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,209 5.15%, 08/11/33 (b)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,813 5.15%, 04/02/34 (b)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,738 5.20%, 08/11/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,483 5.40%, 03/21/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,803 Cummins, Inc. 5.15%, 02/20/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,881 5.30%, 05/09/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 44,792 Daimler Truck Finance North America LLC, 5.63%, 01/13/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,980 Ford Motor Co. 3.25%, 02/12/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 76,962 6.10%, 08/19/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 11 1,014 Ford Motor Credit Co. LLC 6.13%, 03/08/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,932 6.50%, 02/07/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,111 General Motors Co. 5.00%, 04/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 18,968 5.60%, 10/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,298 6.25%, 04/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,673 General Motors Financial Co., Inc. 3.10%, 01/12/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 40,275 5.45%, 09/06/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,625 5.90%, 01/07/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,196 5.95%, 04/04/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30,505 6.10%, 01/07/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 46,153

Security

Par (000) Value

Auto Manufacturers (continued) 6.15%, 07/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 20 $ 20,395 6.40%, 01/09/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 30 ,369 Honda Motor Co. Ltd. 2.97%, 03/10/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 44 ,476 5.34%, 07/08/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,553 Hyundai Capital America 4.75%, 09/26/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,743 4.80%, 01/10/33 (b) .............................. 5 4,824 5.40%, 03/29/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,997 5.40%, 06/23/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,019 JB Poindexter & Co., Inc., 8.75%, 12/15/31 (b) . . . . . . . 10 10,327 Mercedes-Benz Finance North America LLC 5.00%, 01/11/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,467 5.13%, 08/01/34 (b) .............................. 5 4,848 Nissan Motor Co. Ltd. 7.75%, 07/17/32 (b) .............................. 5 5,187 8.13%, 07/17/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 37 ,169 PACCAR Financial Corp., 5.00%, 03/22/34 . . . . . . . . . 10 9,891 Stellantis Finance U.S., Inc. 2.69%, 09/15/31 (b) .............................. 5 4,208 6.38%, 09/12/32 (b) .............................. 5 4,932 6.45%, 03/18/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,467 Toyota Motor Corp., 5.05%, 06/30/35 . . . . . . . . . . . . . . . 20 19 ,766 Toyota Motor Credit Corp. 2.40%, 01/13/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,777 4.60%, 10/10/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,583 4.65%, 09/03/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,754 4.70%, 01/12/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,678 4.80%, 01/05/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,242 5.35%, 01/09/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,028 Series B, 4.60%, 03/11/33. . . . . . . . . . . . . . . . . . . . . . . 25 24 ,166 Series B, 4.80%, 01/11/36. . . . . . . . . . . . . . . . . . . . . . . 35 33 ,583 Volkswagen Group of America Finance LLC 5.60%, 03/22/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,859 5.80%, 03/27/35 (b) .............................. 5 4,959 1,154,404 Auto Parts & Equipment — 0.1% Adient Global Holdings Ltd., 7.50%, 02/15/33 (b)(d) . . . 15 15,534 American Axle & Manufacturing, Inc. 6.38%, 10/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,011 7.75%, 10/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,108 Clarios Global LP/Clarios U.S. Finance Co., 6.75%, 09/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,278 Cyprium Corp./Cyprium Holdings Luxembourg SARL, 6.38%, 04/15/34 (b) . . . . . . . . . . 10 9,915 Dana, Inc., 4.50%, 02/15/32 (d) ...................... 5 4,978 Dexko Global, Inc., 7.50%, 04/15/32 (b) . . . . . . . . . . . . . . 10 8,423 Dorman Products, Inc., 6.25%, 06/15/34 (b) .......... 5 5,050 Garrett Motion Holdings, Inc./Garrett LX I SARL, 7.75%, 05/31/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 14 ,557 Goodyear Tire & Rubber Co. (The) 5.63%, 04/30/33 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,690 8.88%, 07/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,400 IHO Verwaltungs GmbH 7.38%, 05/15/33, (7.38% PIK) (b)(e) . . . . . . . . . . . . . . . 10 10 ,422 8.00%, 11/15/32, (8.00% Cash or 8.75% PIK) (b)(e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,579 Lear Corp., 2.60%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . 25 21 ,819 Magna International, Inc. 5.50%, 03/21/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,077 5.88%, 06/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,235

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

iShares Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054655-4/240 4

Page 5

Security

Par (000) Value

Auto Parts & Equipment (continued) Phinia, Inc., 6.63%, 10/15/32 (b) ..................... $ 5 $ 5,087 ZF North America Capital, Inc., 6.88%, 04/23/32 (b) . . 15 15,026 226,189 Banks — 4.7% Australia & New Zealand Banking Group Ltd., 5.20%, 09/30/35, (1-year CMT + 1.47%) (a)(b) . . . . . 30 28,938 Banco Bilbao Vizcaya Argentaria SA, 6.03%, 03/13/35, (1-year CMT + 1.95%) (a) . . . . . . . . . . . . . . . 15 15,312 Banco Santander SA 5.44%, 04/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 195,468 6.03%, 01/17/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,536 Bangkok Bank PCL/Hong Kong, 6.06%, 03/25/40, (5-year CMT + 1.78%) (a)(c) . . . . . . . . . . . . . . . . . . . . . . 200 198,647 Bank of America Corp. 2.48%, 09/21/36, (5-year CMT + 1.20%) (a) . . . . . . . 55 47,463 2.57%, 10/20/32, (1-day SOFR + 1.21%) (a) . . . . . . . 75 66,110 2.97%, 02/04/33, (1-day SOFR + 1.33%) (a) . . . . . . . 95 84,671 3.85%, 03/08/37, (5-year CMT + 2.00%) (a) . . . . . . . 30 27,563 4.57%, 04/27/33, (1-day SOFR + 1.83%) (a) . . . . . . . 95 91,697 5.02%, 07/22/33, (1-day SOFR + 2.16%) (a) . . . . . . . 100 98,768 5.05%, 02/06/37, (1-day SOFR + 1.13%) (a) . . . . . . . 50 48,023 5.29%, 04/25/34, (1-day SOFR + 1.91%) (a) . . . . . . . 95 94,602 5.43%, 08/15/35, (1-day SOFR + 1.91%) (a) . . . . . . . 55 54,050 5.46%, 05/09/36, (1-day SOFR + 1.64%) (a) . . . . . . . 50 49,819 5.47%, 01/23/35, (1-day SOFR + 1.65%) (a) . . . . . . . 135 135,300 5.49%, 04/23/37, (1-day SOFR + 1.57%) (a) . . . . . . . 50 48,526 5.51%, 01/24/36, (1-day SOFR + 1.31%) (a) . . . . . . . 95 94,889 5.52%, 10/25/35, (1-day SOFR + 1.74%) (a) . . . . . . . 70 68,952 5.74%, 02/12/36, (1-day SOFR + 1.70%) (a) . . . . . . . 60 59,771 5.87%, 09/15/34, (1-day SOFR + 1.84%) (a) . . . . . . . 80 82,257 Bank of Montreal, 3.09%, 01/10/37, (5-year CMT + 1.40%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 22,095 Bank of New York Mellon Corp. (The) 2.50%, 01/26/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 22,048 4.71%, 02/01/34, (1-day SOFR + 1.51%) (a) . . . . . . . 20 19,372 4.97%, 04/26/34, (1-day SOFR + 1.61%) (a) . . . . . . . 20 19,628 5.09%, 04/23/37, (1-day SOFR + 1.18%) (a) . . . . . . . 25 24,180 5.19%, 03/14/35, (1-day SOFR + 1.42%) (a) . . . . . . . 25 24,743 5.23%, 11/20/35, (1-day SOFR + 1.25%) (a) . . . . . . . 55 54,455 5.32%, 06/06/36, (1-day SOFR + 1.35%) (a) . . . . . . . 20 19,852 5.83%, 10/25/33, (1-day SOFR Index + 2.07%) (a) . 30 30,958 6.47%, 10/25/34, (1-day SOFR + 1.85%) (a) . . . . . . . 30 31,959 Bank of Nova Scotia (The) 2.45%, 02/02/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 39,344 4.74%, 11/10/32, (1-day SOFR + 1.44%) (a) . . . . . . . 25 24,366 4.81%, 02/02/34, (1-day SOFR + 1.05%) (a) . . . . . . . 25 24,149 5.65%, 02/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40,680 Barclays PLC 5.34%, 09/10/35, (1-day SOFR + 1.91%) (a) . . . . . . . 10 9,716 5.79%, 02/25/36, (1-day SOFR + 1.59%) (a) . . . . . . . 20 19,954 6.22%, 05/09/34, (1-day SOFR + 2.98%) (a) . . . . . . . 200 206,498 Blackstone Reg Finance Co. LLC, 5.00%, 12/06/34 . 10 9,672 BNP Paribas SA 3.13%, 01/20/33, (1-day SOFR + 1.56%) (a)(b) . . . . . 15 13,370 5.74%, 02/20/35, (1-day SOFR + 1.88%) (a)(b) . . . . . 10 10,089 5.79%, 01/13/33, (1-day SOFR + 1.62%) (a)(b) . . . . . 15 15,206 5.89%, 12/05/34, (1-day SOFR + 1.87%) (a)(b) . . . . . 10 10,249 BPCE SA 5.94%, 05/30/35, (1-day SOFR + 1.85%) (a)(b) . . . . . 250 250,080 7.00%, 10/19/34, (1-day SOFR + 2.59%) (a)(b) . . . . . 10 10,623

Security

Par (000) Value

Banks (continued) CaixaBank SA 5.58%, 07/03/36, (1-day SOFR + 1.79%) (a)(b) . . . . . $ 5 $ 4,930 6.04%, 06/15/35, (1-day SOFR + 2.26%) (a)(b) . . . . . 10 10,212 Canadian Imperial Bank of Commerce 3.60%, 04/07/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 14 ,781 6.09%, 10/03/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26,118 Citibank N.A., 5.57%, 04/30/34. . . . . . . . . . . . . . . . . . . . . 50 50 ,771 Citigroup, Inc. 2.52%, 11/03/32, (1-day SOFR + 1.18%) (a) . . . . . . . 50 43 ,765 3.06%, 01/25/33, (1-day SOFR + 1.35%) (a) . . . . . . . 60 53 ,650 3.79%, 03/17/33, (1-day SOFR + 1.94%) (a) . . . . . . . 90 83 ,441 4.91%, 05/24/33, (1-day SOFR + 2.09%) (a) . . . . . . . 45 44 ,105 5.17%, 09/11/36, (1-day SOFR + 1.49%) (a) . . . . . . . 70 68 ,037 5.33%, 03/27/36, (1-day SOFR + 1.47%) (a) . . . . . . . 65 63 ,989 5.41%, 09/19/39, (5-year CMT + 1.73%) (a) . . . . . . . 10 9,668 5.45%, 06/11/35, (1-day SOFR + 1.45%) (a) . . . . . . . 65 64 ,792 5.83%, 02/13/35, (1-day SOFR + 2.06%) (a) . . . . . . . 55 54 ,871 6.02%, 01/24/36, (1-day SOFR + 1.83%) (a) . . . . . . . 65 65 ,436 6.17%, 05/25/34, (1-day SOFR + 2.66%) (a) . . . . . . . 70 71 ,727 6.27%, 11/17/33, (1-day SOFR + 2.34%) (a) . . . . . . . 60 62 ,908 6.63%, 06/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 31 ,910 Citizens Financial Group, Inc. 2.64%, 09/30/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,484 5.64%, 05/21/37, (5-year CMT + 2.75%) (a) . . . . . . . 20 19 ,726 6.65%, 04/25/35, (1-day SOFR + 2.33%) (a) . . . . . . . 40 42 ,094 Commonwealth Bank of Australia 1.88%, 09/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17 ,452 5.84%, 03/13/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,100 Credit Agricole SA 5.37%, 03/11/34 (b) .............................. 5 4,995 5.86%, 01/09/36, (1-day SOFR + 1.74%) (a)(b) . . . . . 20 20,081 6.25%, 01/10/35, (1-day SOFR + 2.67%) (a)(b) . . . . . 10 10,150 Deutsche Bank AG/New York, 3.74%, 01/07/33, (1-day SOFR + 2.26%) (a) . . . . . . . . . . . . . . . . . . . . . . . . 25 22 ,651 Fifth Third Bancorp 4.34%, 04/25/33, (1-day SOFR + 1.66%) (a) . . . . . . . 15 14 ,209 5.14%, 01/29/37, (1-day SOFR + 1.24%) (a) . . . . . . . 70 66 ,971 Goldman Sachs Group, Inc. (The) 2.65%, 10/21/32, (1-day SOFR + 1.26%) (a) . . . . . . . 65 57 ,064 3.10%, 02/24/33, (1-day SOFR + 1.41%) (a) . . . . . . . 80 71 ,440 4.94%, 10/21/36, (1-day SOFR + 1.33%) (a) . . . . . . . 75 70 ,840 5.02%, 10/23/35, (1-day SOFR + 1.42%) (a) . . . . . . . 110 105,597 5.07%, 01/21/37, (1-day SOFR + 1.19%) (a) . . . . . . . 70 66 ,476 5.09%, 04/20/34, (1-day SOFR + 1.34%) (a) . . . . . . . 50 48 ,787 5.33%, 07/23/35, (1-day SOFR + 1.55%) (a) . . . . . . . 75 73 ,654 5.39%, 02/02/41, (5-year CMT + 1.18%) (a) . . . . . . . 50 47,411 5.43%, 06/03/37, (1-day SOFR + 1.31%) (a) . . . . . . . 35 34 ,096 5.54%, 01/28/36, (1-day SOFR + 1.38%) (a) . . . . . . . 65 64 ,398 5.66%, 07/21/37, (1-day SOFR + 1.45%) (a) . . . . . . . 75 74 ,279 5.85%, 04/25/35, (1-day SOFR + 1.55%) (a) . . . . . . . 50 50 ,727 6.13%, 02/15/33 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 73 ,548 6.35%, 02/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,770 6.56%, 10/24/34, (1-day SOFR + 1.95%) (a) . . . . . . . 75 79 ,525 HSBC Holdings PLC 2.87%, 11/22/32, (1-day SOFR + 1.41%) (a) . . . . . . . 20 17 ,706 4.76%, 03/29/33, (1-day SOFR + 2.53%) (a) . . . . . . . 200 191,841 5.13%, 11/06/36, (1-day SOFR + 1.43%) (a) . . . . . . . 10 9,570 5.21%, 05/12/34, (1-day SOFR + 1.32%) (a) . . . . . . . 200 195,778 5.45%, 03/03/36, (1-day SOFR + 1.56%) (a) . . . . . . . 30 29 ,490 5.79%, 05/13/36, (1-day SOFR + 1.88%) (a) . . . . . . . 20 20,112 6.25%, 03/09/34, (1-day SOFR + 2.39%) (a) . . . . . . . 200 207,946

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

iShares Core 5-10 Year 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-6054655-5/240 A DDITIONAL I NFOR NM A M1026U60546 DDITIONAL 5 I 5/240 NFORMATION

Page 6

Security

Par (000) Value

Banks (continued) 6.50%, 05/02/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 100 $ 103,389 8.11%, 11/03/33, (1-day SOFR + 4.25%) (a) . . . . . . . 10 1 1,200 Huntington Bancshares, Inc./Ohio 5.02%, 05/17/33, (1-day SOFR + 2.05%) (a) . . . . . . . 20 19,592 5.61%, 01/28/41, (5-year CMT + 1.35%) (a) . . . . . . . 15 14,363 5.71%, 02/02/35, (1-day SOFR Index + 1.87%) (a) . 40 40,067 6.14%, 11/18/39, (5-year CMT + 1.70%) (a) ....... 5 5,001 ING Groep NV, 5.55%, 03/19/35, (1-day SOFR + 1.77%) (a) ....................................... 5 5,003 Intesa Sanpaolo SpA 7.20%, 11/28/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 33,070 8.25%, 11/21/33, (1-year CMT + 4.40%) (a)(b) . . . . . 15 17,029 JPMorgan Chase & Co. 2.55%, 11/08/32, (1-day SOFR + 1.18%) (a) . . . . . . . 60 52,741 2.96%, 01/25/33, (1-day SOFR + 1.26%) (a) . . . . . . . 65 58,053 4.59%, 04/26/33, (1-day SOFR + 1.80%) (a) . . . . . . . 50 48,426 4.81%, 10/22/36, (1-day SOFR + 1.19%) (a) . . . . . . . 95 90,047 4.90%, 01/22/37, (1-day SOFR + 1.07%) (a) . . . . . . . 45 42,794 4.91%, 07/25/33, (1-day SOFR + 2.08%) (a) . . . . . . . 80 78,633 4.95%, 10/22/35, (1-day SOFR + 1.34%) (a) . . . . . . . 70 67,728 5.15%, 04/23/37, (1-day SOFR + 1.26%) (a) . . . . . . . 25 24,192 5.19%, 02/05/37, (1-day SOFR + 1.30%) (a) . . . . . . . 50 47,922 5.29%, 07/22/35, (1-day SOFR + 1.46%) (a) . . . . . . . 110 108,845 5.34%, 01/23/35, (1-day SOFR + 1.62%) (a) . . . . . . . 75 74,620 5.35%, 06/01/34, (1-day SOFR + 1.85%) (a) . . . . . . . 85 85,056 5.50%, 01/24/36, (1-day SOFR + 1.32%) (a) . . . . . . . 70 69,965 5.57%, 04/22/36, (1-day SOFR + 1.68%) (a) . . . . . . . 90 90,284 5.58%, 07/23/36, (1-day SOFR + 1.64%) (a) . . . . . . . 80 79,341 5.72%, 09/14/33, (1-day SOFR + 2.58%) (a) . . . . . . . 50 50,684 5.77%, 04/22/35, (1-day SOFR + 1.49%) (a) . . . . . . . 80 81,586 5.80%, 07/23/41, (5-year CMT + 1.25%) (a) . . . . . . . 50 49,428 6.25%, 10/23/34, (1-day SOFR + 1.81%) (a) . . . . . . . 55 57,764 KeyCorp 4.79%, 06/01/33, (1-day SOFR Index + 2.06%) (a) . 10 9,641 5.31%, 01/28/37, (1-day SOFR + 1.37%) (a) . . . . . . . 25 24,002 6.40%, 03/06/35, (1-day SOFR Index + 2.42%) (a) . 35 36,405 KKR Group Finance Co. XII LLC, 4.85%, 05/17/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,326 Kreditanstalt fuer Wiederaufbau 4.13%, 07/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 92,150 4.38%, 02/28/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54,003 Lloyds Banking Group PLC 4.98%, 08/11/33, (1-year CMT + 2.30%) (a) . . . . . . . 20 19,606 5.59%, 11/26/35, (1-year CMT + 1.20%) (a) . . . . . . . 15 14,992 5.68%, 01/05/35, (1-year CMT + 1.75%) (a) . . . . . . . 10 10,085 7.95%, 11/15/33, (1-year CMT + 3.75%) (a) . . . . . . . 15 16,660 M&T Bank Corp. 5.05%, 01/27/34, (1-day SOFR + 1.85%) (a) . . . . . . . 15 14,588 5.39%, 01/16/36, (1-day SOFR + 1.61%) (a) . . . . . . . 55 53,584 Macquarie Group Ltd. 2.87%, 01/14/33, (1-day SOFR + 1.53%) (a)(b) . . . . . 33 29,090 4.44%, 06/21/33, (1-day SOFR + 2.41%) (a)(b) . . . . . 33 31,377 5.49%, 11/09/33, (1-day SOFR + 2.87%) (a)(b) . . . . . 30 30,014 5.89%, 06/15/34, (1-day SOFR + 2.38%) (a)(b) . . . . . 35 35,754 6.26%, 12/07/34, (1-day SOFR + 2.30%) (a)(b) . . . . . 50 51,998 Mitsubishi UFJ Financial Group, Inc. 5.13%, 07/20/33, (1-year CMT + 2.13%) (a) . . . . . . . 10 9,884 5.43%, 04/17/35, (1-year CMT + 1.00%) (a) . . . . . . . 200 198,638 5.62%, 04/24/36, (1-year CMT + 1.27%) (a) ....... 5 5,004

Security

Par (000) Value

Banks (continued) Mizuho Financial Group, Inc. 2.56%, 09/13/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 45 $ 39,383 5.67%, 09/13/33, (1-year CMT + 2.40%) (a) . . . . . . . 95 96 ,512 Morgan Stanley 2.48%, 09/16/36, (1-day SOFR + 1.36%) (a) . . . . . . . 65 55 ,767 2.51%, 10/20/32, (1-day SOFR + 1.20%) (a) . . . . . . . 70 61 ,255 2.94%, 01/21/33, (1-day SOFR + 1.29%) (a) . . . . . . . 55 48 ,781 4.89%, 07/20/33, (1-day SOFR + 2.08%) (a) . . . . . . . 25 24 ,432 5.07%, 01/30/37, (1-day SOFR + 1.18%) (a) . . . . . . . 50 47 ,654 5.25%, 04/21/34, (1-day SOFR + 1.87%) (a) . . . . . . . 65 64 ,244 5.30%, 04/10/37, (1-day SOFR Index + 1.41%) (a) . 50 48,412 5.30%, 04/20/37, (1-day SOFR + 2.62%) (a) ....... 5 4,900 5.31%, 01/18/41, (5-year CMT + 1.17%) (a) . . . . . . . 35 33 ,195 5.32%, 07/19/35, (1-day SOFR + 1.56%) (a) . . . . . . . 60 59 ,062 5.42%, 07/21/34, (1-day SOFR + 1.88%) (a) . . . . . . . 75 74 ,674 5.47%, 01/18/35, (1-day SOFR + 1.73%) (a) . . . . . . . 75 74 ,634 5.59%, 01/18/36, (1-day SOFR + 1.42%) (a) . . . . . . . 70 69 ,892 5.61%, 07/17/37, (1-day SOFR Index + 1.43%) (a) . 50 49,485 5.66%, 04/17/36, (1-day SOFR + 1.76%) (a) . . . . . . . 85 85 ,248 5.83%, 04/19/35, (1-day SOFR + 1.58%) (a) . . . . . . . 60 61 ,016 5.94%, 02/07/39, (5-year CMT + 1.80%) (a) . . . . . . . 35 35 ,150 5.95%, 01/19/38, (5-year CMT + 2.43%) (a) . . . . . . . 35 35 ,421 6.34%, 10/18/33, (1-day SOFR + 2.56%) (a) . . . . . . . 55 57 ,617 6.63%, 11/01/34, (1-day SOFR + 2.05%) (a) . . . . . . . 35 37 ,271 7.25%, 04/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 88 ,739 Series I, 4.89%, 10/22/36, (1-day SOFR + 1.31%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 70 ,918 National Australia Bank Ltd., 5.90%, 01/14/36, (1-year CMT + 1.30%) (a)(b) . . . . . . . . . . . . . . . . . . . . . . 20 20 ,048 NatWest Group PLC, 6.02%, 03/02/34, (1-year CMT + 2.10%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 103,160 Norinchukin Bank (The), 2.08%, 09/22/31 (b) . . . . . . . . . 15 12 ,834 Northern Trust Corp., 5.12%, 11/19/40, (5-year CMT + 1.05%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 42 ,882 PNC Financial Services Group, Inc. (The) 4.63%, 06/06/33, (1-day SOFR Index + 1.85%) (a) . 7 6,694 4.81%, 10/21/32, (1-day SOFR + 1.26%) (a) . . . . . . . 25 24 ,546 5.07%, 01/24/34, (1-day SOFR + 1.93%) (a) . . . . . . . 25 24 ,568 5.37%, 07/21/36, (1-day SOFR + 1.42%) (a) . . . . . . . 65 64 ,093 5.40%, 07/23/35, (1-day SOFR + 1.60%) (a) . . . . . . . 45 44 ,613 5.42%, 01/25/41, (5-year CMT + 1.17%) (a) . . . . . . . 10 9,561 5.46%, 07/21/37, (1-day SOFR + 1.27%) (a) . . . . . . . 25 24 ,607 5.58%, 01/29/36, (1-day SOFR + 1.39%) (a) . . . . . . . 50 50 ,028 5.68%, 01/22/35, (1-day SOFR + 1.90%) (a) . . . . . . . 40 40 ,415 5.94%, 08/18/34, (1-day SOFR + 1.95%) (a) . . . . . . . 40 41 ,224 6.04%, 10/28/33, (1-day SOFR Index + 2.14%) (a) . 45 46,508 6.88%, 10/20/34, (1-day SOFR + 2.28%) (a) . . . . . . . 35 37 ,912 Regions Financial Corp., 5.50%, 09/06/35, (1-day SOFR + 2.06%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,851 Royal Bank of Canada 2.30%, 11/03/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 57 ,141 5.00%, 02/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 74 ,269 5.00%, 05/02/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54 ,437 5.15%, 02/01/34 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40 ,018 Santander Holdings USA, Inc. 5.70%, 06/05/37, (1-day SOFR + 1.60%) (a) . . . . . . . 25 24 ,372 6.34%, 05/31/35, (1-day SOFR + 2.14%) (a) . . . . . . . 15 15 ,493 Societe Generale SA 5.44%, 10/03/36, (1-day SOFR + 1.73%) (a)(b) . . . . . 5 4,778 6.69%, 01/10/34, (1-year CMT + 2.95%) (a)(b) . . . . . 200 209,084

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

iShares Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054655-6/240 6

Page 7

Security

Par (000) Value

Banks (continued) Standard Chartered PLC 5.40%, 08/12/36, (1-year CMT + 1.20%) (a)(b) . . . . . $ 205 $ 199,002 5.91%, 05/14/35, (1-year CMT + 1.45%) (a)(b) . . . . . 30 30,317 6.10%, 01/11/35, (1-year CMT + 2.10%) (a)(b) . . . . . 10 10,221 State Street Corp. 2.62%, 02/07/33, (1-day SOFR + 1.00%) (a) . . . . . . . 40 35,232 4.16%, 08/04/33, (1-day SOFR + 1.73%) (a) . . . . . . . 20 18,934 4.42%, 05/13/33, (1-day SOFR + 1.61%) (a) ....... 5 4,815 4.68%, 10/22/32, (1-day SOFR + 1.05%) (a) . . . . . . . 35 34,308 4.78%, 10/23/36, (1-day SOFR + 1.22%) (a) . . . . . . . 35 33,202 4.82%, 01/26/34, (1-day SOFR + 1.57%) (a) . . . . . . . 40 39,096 5.15%, 02/28/36, (1-day SOFR + 1.22%) (a) . . . . . . . 35 34,309 5.16%, 05/18/34, (1-day SOFR + 1.89%) (a) . . . . . . . 15 14,914 Sumitomo Mitsui Financial Group, Inc. 5.25%, 07/08/36, (1-day SOFR + 1.50%) (a) . . . . . . . 200 195,086 5.33%, 03/03/41, (5-year CMT + 1.30%) (a) . . . . . . . 50 47,521 5.56%, 07/09/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,114 5.77%, 01/13/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,322 Sumitomo Mitsui Trust Bank Ltd., 5.05%, 03/13/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,704 Toronto-Dominion Bank (The) 2.00%, 09/10/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17,457 2.45%, 01/12/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 52,480 3.20%, 03/10/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 40,806 4.46%, 06/08/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 53,176 4.93%, 10/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 52,707 5.30%, 01/30/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,173 Truist Financial Corp. 4.92%, 07/28/33, (1-day SOFR + 2.24%) (a) . . . . . . . 25 24,108 4.96%, 10/23/36, (1-day SOFR + 1.40%) (a) . . . . . . . 55 52,127 5.12%, 01/26/34, (1-day SOFR + 1.85%) (a) . . . . . . . 35 34,338 5.71%, 01/24/35, (1-day SOFR + 1.92%) (a) . . . . . . . 40 40,256 5.87%, 06/08/34, (1-day SOFR + 2.36%) (a) . . . . . . . 40 40,707 6.12%, 10/28/33, (1-day SOFR + 2.30%) (a) . . . . . . . 20 20,715 Series I, 5.28%, 04/23/37, (1-day SOFR + 1.41%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,146 U.S. Bancorp 2.49%, 11/03/36, (5-year CMT + 0.95%) (a) . . . . . . . 30 25,842 2.68%, 01/27/33, (1-day SOFR + 1.02%) (a) . . . . . . . 15 13,202 4.84%, 02/01/34, (1-day SOFR + 1.60%) (a) . . . . . . . 30 29,086 4.97%, 07/22/33, (1-day SOFR + 2.11%) (a) . . . . . . . 25 24,352 5.03%, 01/26/37, (1-day SOFR + 1.10%) (a) . . . . . . . 25 24,015 5.42%, 02/12/36, (1-day SOFR + 1.41%) (a) . . . . . . . 50 49,737 5.47%, 07/27/37, (1-day SOFR + 1.25%) (a) . . . . . . . 25 24,730 5.68%, 01/23/35, (1-day SOFR + 1.86%) (a) . . . . . . . 40 40,443 5.72%, 05/20/41, (5-year CMT + 1.25%) (a) . . . . . . . 25 24,370 5.84%, 06/12/34, (1-day SOFR + 2.26%) (a) . . . . . . . 60 61,361 5.85%, 10/21/33, (1-day SOFR + 2.09%) (a) . . . . . . . 30 30,760 UBS Group AG 4.99%, 08/05/33, (1-year CMT + 2.40%) (a)(b) . . . . . 200 195,780 5.01%, 03/23/37, (1-day SOFR + 1.34%) (a)(b) . . . . . 200 189,963 5.58%, 05/09/36, (1-day SOFR + 1.76%) (a)(b) . . . . . 10 9,945 5.70%, 02/08/35, (1-year CMT + 1.77%) (a)(b) . . . . . 15 15,071 6.54%, 08/12/33, (1-day SOFR + 3.92%) (a)(b) . . . . . 10 10,517 Walker & Dunlop, Inc., 6.63%, 04/01/33 (b) . . . . . . . . . . 10 9,934 Wells Fargo & Co. 3.35%, 03/02/33, (1-day SOFR + 1.50%) (a) . . . . . . . 75 68,054 4.89%, 09/15/36, (1-day SOFR + 1.34%) (a) . . . . . . . 55 52,445 4.90%, 07/25/33, (1-day SOFR + 2.10%) (a) . . . . . . . 75 73,383 4.96%, 01/23/37, (1-day SOFR + 1.10%) (a) . . . . . . . 65 61,883 5.21%, 12/03/35, (1-day SOFR + 1.38%) (a) . . . . . . . 60 58,747

Security

Par (000) Value

Banks (continued) 5.38%, 02/07/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 55 $ 55,296 5.39%, 04/24/34, (1-day SOFR + 2.02%) (a) . . . . . . . 105 104,879 5.50%, 01/23/35, (1-day SOFR + 1.78%) (a) . . . . . . . 75 75 ,100 5.56%, 07/25/34, (1-day SOFR + 1.99%) (a) . . . . . . . 90 90 ,682 5.61%, 04/23/36, (1-day SOFR + 1.74%) (a) . . . . . . . 70 70 ,292 6.49%, 10/23/34, (1-day SOFR + 2.06%) (a) . . . . . . . 75 79 ,549 Westpac Banking Corp. 3.02%, 11/18/36, (5-year CMT + 1.53%) (a) . . . . . . . 25 22 ,083 5.62%, 11/20/35, (1-year CMT + 1.20%) (a) . . . . . . . 55 54 ,349 12,799,292 Beverages — 0.2% Anheuser-Busch Cos LLC/Anheuser-Busch InBev Worldwide, Inc., 4.70%, 02/01/36 . . . . . . . . . . . . . . . . 100 94 ,712 Anheuser-Busch InBev Worldwide, Inc. 5.00%, 06/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,717 5.88%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26,118 Coca-Cola Co. (The) 2.25%, 01/05/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 39 ,776 4.65%, 08/14/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,583 5.00%, 05/13/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,059 Coca-Cola Femsa SAB de CV, 5.10%, 05/06/35 . . . . 5 4,882 Constellation Brands, Inc., 4.90%, 05/01/33. . . . . . . . . 25 24 ,288 Diageo Investment Corp., 7.45%, 04/15/35 . . ....... 5 5,766 Keurig Dr Pepper, Inc. 4.05%, 04/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,073 5.15%, 05/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,383 5.30%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,580 Pepsico Singapore Financing I Pte. Ltd., 4.70%, 02/16/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33 ,994 PepsiCo, Inc. 1.95%, 10/21/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 34 ,765 3.90%, 07/18/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,844 4.45%, 02/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,764 4.65%, 07/23/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,845 5.00%, 02/07/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,663 5.00%, 07/23/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,783 474,595 Biotechnology — 0.2% Amgen, Inc. 2.00%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 64 ,120 3.35%, 02/22/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 32 ,063 4.85%, 02/19/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33 ,422 5.25%, 03/02/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 90 ,084 Biogen, Inc., 5.75%, 05/15/35 . . . . . . . . . . . . . . . . . . . . . . 25 25 ,418 BioMarin Pharmaceutical, Inc., 5.50%, 02/15/34 (b) . . 15 14,658 Bio-Rad Laboratories, Inc., 3.70%, 03/15/32 . . . . . . . . 25 23 ,073 CSL Finance PLC, 4.25%, 04/27/32 (b) . . . . . . . . . . . . . . 30 28 ,525 Genmab A/S/Genmab Finance LLC 6.25%, 12/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,292 7.25%, 12/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,837 Gilead Sciences, Inc. 4.60%, 09/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,767 5.10%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,677 5.25%, 10/15/33 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,080 Royalty Pharma PLC 2.15%, 09/02/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 21 ,730 5.20%, 09/25/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,270 5.40%, 09/02/34 . ............................... 5 4,952 461,968

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

iShares Core 5-10 Year 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-6054655-7/240 A DDITIONAL I NFOR NM A M1026U60546 DDITIONAL 5 I 7/240 NFORMATION

Page 8

Security

Par (000) Value

Building Materials — 0.2% AmeriTex HoldCo Intermediate LLC, 7.63%, 08/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15 $ 15,383 Amrize Finance U.S. LLC 5.40%, 04/07/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,789 7.13%, 07/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 27,513 Builders FirstSource, Inc. 4.25%, 02/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 24,826 6.38%, 06/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,029 6.38%, 03/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,805 6.75%, 05/15/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,993 Carlisle Companies, Inc. 2.20%, 03/01/32 ................................ 5 4,274 5.25%, 09/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,552 Carrier Global Corp., 5.90%, 03/15/34 . . . . . . . . . . . . . . 10 10,312 CRH America Finance, Inc., 5.00%, 02/09/36 . . . . . . . 25 23,921 Eagle Materials, Inc., 5.00%, 03/15/36 . . . . . . . . . . . . . . 25 23,606 Fortune Brands Innovations, Inc. 4.00%, 03/25/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,350 5.88%, 06/01/33 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 26,587 Griffon Corp., 6.25%, 10/01/34 (b) . . . . . . . . . . . . . . . . . . . 15 15,065 JELD-WEN Holding, Inc., 7.00%, 09/01/32 (b) ........ 5 3,430 Johnson Controls International PLC/Tyco Fire & Security Finance SCA 2.00%, 09/16/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 30,308 4.90%, 12/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,851 Marriott International, Inc., 5.63%, 08/15/36 . . . . . . . . . 25 24,996 Martin Marietta Materials, Inc., 5.15%, 12/01/34 . . . . . 15 14,683 Masterbrand, Inc., 7.00%, 07/15/32 (b)(d) . . . . . . . . . . . . . 15 14,991 Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, 6.75%, 04/01/32 (b) . . . . . . . . . . . . . . . 15 14,864 Owens Corning, 5.70%, 06/15/34 . . . . . . . . . . . . . . . . . . 20 20,262 Quikrete Holdings, Inc. 6.38%, 03/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 80,947 6.75%, 03/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,294 Smyrna Ready Mix Concrete LLC, 8.88%, 11/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,957 Standard Building Solutions, Inc. 5.88%, 03/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,525 6.25%, 08/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,859 6.50%, 08/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30,176 Trane Technologies Financing Ltd. 5.10%, 06/13/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,784 5.25%, 03/03/33 ................................ 5 5,031 Vulcan Materials Co., 5.35%, 12/01/34 . . . . . . . . . . . . . 15 14,913 Wilsonart LLC, 11.00%, 08/15/32 (b)(d) . . . . . . . . . . . . . . . 10 7,547 632,423 Chemicals — 0.3% Air Products and Chemicals, Inc. 4.80%, 03/03/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,702 4.85%, 02/08/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,539 Albemarle Corp., 5.05%, 06/01/32 .................. 4 3,928 Ashland, Inc., 3.38%, 09/01/31 (b)(d) . . . . . . . . . . . . . . . . . 20 18,465 Bond U.S. Bidco 1, Inc./Bidco 2/Bidco 3/German Bidco 1 GmbH/German Bidco 2, 7.13%, 06/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,243 Celanese U.S. Holdings LLC 6.75%, 04/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,271 7.38%, 07/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26,190 7.38%, 02/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,516 7.70%, 11/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21,356 Cerdia Finanz GmbH, 9.38%, 10/03/31 (b) . . . . . . . . . . . 15 13,601

Security

Par (000) Value

Chemicals (continued) CF Industries, Inc. 5.15%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15 $ 14,680 5.30%, 11/26/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,327 Chemours Co. (The) 7.88%, 03/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,778 8.00%, 01/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,873 Dow Chemical Co. (The) 4.25%, 10/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 18 ,062 5.15%, 02/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,308 6.30%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26 ,094 Eastman Chemical Co. 5.63%, 02/20/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,009 5.75%, 03/08/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,181 Ecolab, Inc. 2.13%, 02/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 21 ,598 5.00%, 09/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,383 5.15%, 06/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,878 5.35%, 06/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,806 EIDP, Inc., 4.80%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,091 FMC Corp., 5.65%, 05/18/33 (d) . . . . . . . . . . . . . . . . . . . . . 15 13 ,750 Huntsman International LLC, 5.70%, 10/15/34 ...... 5 4,648 LYB International Finance III LLC 5.50%, 03/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39 ,383 5.63%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,991 Methanex U.S. Operations, Inc., 6.25%, 03/15/32 (b) . 10 10,127 Mosaic Co. (The) 5.65%, 01/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,750 5.90%, 08/17/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,617 Nutrien Ltd. 4.13%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,995 5.40%, 06/21/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,970 Olin Corp., 6.63%, 04/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . 25 24 ,554 Olympus Water U.S. Holding Corp. 6.75%, 08/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,774 Series 144*, 7.25%, 02/15/33 (b) . . . . . . . . . . . . . . . . . . 35 35 ,017 Perimeter Holdings LLC, 6.25%, 01/15/34 (b) . . . . . . . . 10 9,889 Qnity Electronics, Inc. 5.75%, 08/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,914 6.25%, 08/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,076 RPM International, Inc., 2.95%, 01/15/32 . . . . . . . . . . . 20 17 ,847 SCIH Salt Holdings, Inc., 8.00%, 08/15/32 (b) . . . . . . . . 10 10,118 Sherwin-Williams Co. (The) 2.20%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17 ,267 4.80%, 09/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,807 5.15%, 08/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,792 Solstice Advanced Materials, Inc., 5.63%, 09/30/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,638 Stonepeak Motion Holdco Ltd./Stonepeak Motion Finco LLC, 6.13%, 07/15/33 (b) . . . . . . . . . . . . . . . . . . . 10 9,951 Westlake Corp., 5.55%, 11/15/35. . . . . . . . . . . . . . . . . . . 25 24 ,372 WR Grace Holdings LLC 6.63%, 08/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,092 7.00%, 08/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,688 863,906 Commercial Services — 0.5% ADT Security Corp. (The) 4.88%, 07/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,154 5.88%, 10/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,666 APi Group DE, Inc., 5.75%, 06/01/34 (b) . . . . . . . . . . . . . 10 9,829

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

iShares Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054655-8/240 8

Page 9

Security

Par (000) Value

Commercial Services (continued) Ashtead Capital, Inc. 5.55%, 05/30/33 (b) .............................. $ 5 $ 4,975 5.80%, 04/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,054 Automatic Data Processing, Inc. 4.45%, 09/09/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,121 4.75%, 05/08/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,608 5.00%, 05/07/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,240 Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 8.38%, 06/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,386 Block Financial LLC, 5.38%, 09/15/32 .............. 5 4,902 Block, Inc. 6.00%, 08/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,970 6.50%, 05/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40,616 Brink's Co. (The), 6.75%, 06/15/32 (b) ............... 5 5,070 Carrix, Inc., 6.13%, 08/01/33 (b) . . . . . . . . . . . . . . . . . . . . . 50 49,975 Cimpress PLC, 7.38%, 09/15/32 (b) . . . . . . . . . . . . . . . . . 10 10,102 CompoSecure Holdings LLC, 5.63%, 02/01/33 (b) . . . . 20 19,372 DP World Crescent Ltd., 5.50%, 05/08/35 (c) . . . . . . . . . 200 197,200 Equifax, Inc., 2.35%, 09/15/31 . . . . . . . . . . . . . . . . . . . . . 30 26,164 EquipmentShare.com, Inc. 7.13%, 07/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,621 8.00%, 03/15/33 (b)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,259 8.63%, 05/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,404 ERAC USA Finance LLC 4.90%, 05/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,260 5.20%, 10/30/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,855 5.25%, 04/30/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,433 Garda World Security Corp. 8.25%, 08/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,554 8.38%, 11/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,487 Global Payments, Inc. 2.90%, 11/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13,119 5.20%, 11/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,144 5.40%, 08/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,744 5.55%, 11/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28,633 Graham Holdings Co., 5.63%, 12/01/33 (b) . . . . . . . . . . . 15 14,680 Herc Holdings, Inc. 6.00%, 03/15/34 (b)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,860 7.25%, 06/15/33 (b)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,865 ION Platform Finance U.S., Inc., 7.88%, 09/30/32 (b) . 30 23,694 J Paul Getty Trust (The), 4.91%, 04/01/35 . . . . . . . . . . 10 9,840 Mobility Global, Inc., 6.05%, 06/15/36 (b) . . . . . . . . . . . . 25 24,520 Moody's Corp. 4.25%, 08/08/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,930 5.00%, 08/05/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,800 PayPal Holdings, Inc. 4.40%, 06/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38,363 5.15%, 06/01/34 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,502 5.55%, 06/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,437 President and Fellows of Harvard College, 4.61%, 02/15/35 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,484 Quanta Services, Inc. 2.35%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 21,630 5.10%, 08/09/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,104 5.25%, 08/09/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,709 Raven Acquisition Holdings LLC, 6.88%, 11/15/31 (b) . 25 24,913 RELX Capital, Inc. 4.75%, 05/20/32 ................................ 5 4,901 5.25%, 03/27/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,742 Rollins, Inc., 5.25%, 02/24/35 . . . . . . . . . . . . . . . . . . . . . . 10 9,726

Security

Par (000) Value

Commercial Services (continued) RRD Parent, Inc., 10.00%, 10/15/31, (10.00% PIK) (b)(d)(e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8 $ 14,716 S&P Global, Inc. 2.90%, 03/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 40 ,410 4.80%, 12/04/35 . ............................... 5 4,759 5.25%, 09/15/33 . ............................... 5 5,021 Service Corp. International/U.S., 5.75%, 10/15/32. . . 15 14,988 Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 6.75%, 08/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,641 TR Finance LLC, 5.50%, 08/15/35. . . . . . . . . . . . . . . . . . 10 9,912 Triton Container International Ltd./TAL International Container Corp., 3.25%, 03/15/32 . . . . . . . . . . . . . . . 10 8,847 United Rentals North America, Inc. 3.75%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 10 ,088 5.38%, 11/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38 ,974 6.13%, 03/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,313 Valvoline, Inc., 6.13%, 08/15/34 (b) .................. 7 6,986 Verisk Analytics, Inc. 5.25%, 06/05/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,497 5.25%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,597 Wand NewCo 3, Inc., 7.63%, 01/30/32 (b) . . . . . . . . . . . . 20 20 ,337 WEX, Inc., 6.50%, 03/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . 15 15 ,070 Williams Scotsman, Inc., 7.38%, 10/01/31 (b) . . . . . . . . 10 10 ,343 1,409,116 Computers — 0.4% Accenture Capital, Inc. 4.25%, 10/04/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 76 ,970 4.50%, 10/04/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 32 ,778 5.30%, 07/10/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,803 5.60%, 07/10/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,740 Amentum Holdings, Inc., 7.25%, 08/01/32 (b) . . . . . . . . 15 15 ,476 Apple, Inc. 3.35%, 08/08/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 27 ,921 4.30%, 05/10/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,525 4.50%, 05/12/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,802 4.50%, 02/23/36 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,174 4.75%, 05/12/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,662 Booz Allen Hamilton, Inc. 5.95%, 08/04/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,052 5.95%, 04/15/35 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,911 CACI International, Inc., 6.38%, 06/15/33 (b) . . . . . . . . . 20 20 ,266 CGI, Inc., 2.30%, 09/14/31 . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,630 Dell International LLC/EMC Corp. 4.75%, 10/06/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,132 4.85%, 02/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,802 5.00%, 02/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,228 5.10%, 02/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,041 5.30%, 04/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 ,065 5.40%, 04/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,883 5.50%, 04/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,879 5.75%, 02/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,424 Hewlett Packard Enterprise Co. 4.85%, 10/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,511 5.00%, 10/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 43 ,196 5.25%, 04/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,737 6.20%, 10/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26 ,195 HP, Inc., 5.50%, 01/15/33 (d) . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,143 IBM International Capital Pte. Ltd., 4.90%, 02/05/34 . 10 9,647 Insight Enterprises, Inc., 6.63%, 05/15/32 (b) . . . . . . . . . 10 10,147 International Business Machines Corp. 2.72%, 02/09/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,828

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

iShares Core 5-10 Year 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-6054655-9/240 A DDITIONAL I NFOR NM A M1026U60546 DDITIONAL 5 I 9/240 NFORMATION

Page 10

Security

Par (000) Value

Computers (continued) 4.40%, 07/27/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10 $ 9,562 4.95%, 02/03/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 94,481 5.00%, 02/10/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,861 5.20%, 02/10/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,774 5.88%, 11/29/32 ................................ 5 5,177 Kyndryl Holdings, Inc., 3.15%, 10/15/31 . . . . . . . . . . . . 15 12,507 Leidos, Inc. 5.00%, 03/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,646 5.50%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,892 5.75%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,301 NetApp, Inc. 5.50%, 03/17/32 ................................ 5 5,026 5.70%, 03/17/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,017 Science Applications International Corp., 5.88%, 11/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,796 Seagate Data Storage Technology Pte Ltd. 5.75%, 12/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,939 9.63%, 12/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13,196 991,743 Cosmetics & Personal Care — 0.1% Colgate-Palmolive Co. 3.25%, 08/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,224 4.60%, 03/01/33 ................................ 4 3,990 Estee Lauder Companies, Inc. (The) 4.65%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,310 5.00%, 02/14/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,015 Kenvue, Inc., 4.90%, 03/22/33 . . . . . . . . . . . . . . . . . . . . . 35 34,519 Opal Bidco SAS, 6.50%, 03/31/32 (b) . . . . . . . . . . . . . . . . 20 20,210 Perrigo Finance Unlimited Co., 6.13%, 09/30/32 (d) . . 15 14,702 Prestige Brands, Inc., 6.25%, 07/15/34 (b) . . . . . . . . . . . 10 10,025 Procter & Gamble Co. (The) 2.30%, 02/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 31,100 4.35%, 11/03/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,663 4.55%, 01/29/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,777 5.80%, 08/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,496 236,031 Distribution & Wholesale — 0.0% ADI Global Distribution Funding LLC, 7.13%, 07/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,326 Core & Main LP, 6.00%, 07/01/34 (b) . . . . . . . . . . . . . . . . 15 14,965 Dealer Tire Financial LLC, 10.38%, 10/01/31 (b) . . . . . . 10 9,950 Ferguson Finance PLC, 4.65%, 04/20/32 (b) ......... 5 4,823 LKQ Corp., 6.25%, 06/15/33 . . . . . . . . . . . . . . . . . . . . . . . 25 25,597 Mitsubishi Corp., 4.88%, 09/09/35 (b) ................ 5 4,798 Resideo Funding II LLC, 6.50%, 07/15/32 (b) . . . . . . . . . 10 9,903 S&S Holdings LLC, 8.38%, 10/01/31 (b) . . . . . . . . . . . . . 10 9,531 89,893 Diversified Financial Services — 1.2% AerCap Ireland Capital DAC/AerCap Global Aviation Trust 3.30%, 01/30/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 135,327 3.40%, 10/29/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,731 4.95%, 09/10/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,095 Ally Financial, Inc. 5.55%, 07/31/33, (1-day SOFR + 1.78%) (a) . . . . . . . 15 14,734 6.18%, 07/26/35, (1-day SOFR + 2.29%) (a) . . . . . . . 35 35,063 6.65%, 01/17/40, (5-year CMT + 2.45%) (a) . . . . . . . 10 9,786 6.70%, 02/14/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,180 8.00%, 11/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 65,906

Security

Par (000) Value

Diversified Financial Services (continued) American Express Co. 4.42%, 08/03/33, (1-day SOFR + 1.76%) (a) . . . . . . . $ 40 $ 38,269 4.80%, 10/24/36, (1-day SOFR + 1.24%) (a) . . . . . . . 55 51 ,988 4.92%, 07/20/33, (1-day SOFR + 1.22%) (a) . . . . . . . 10 9,821 4.99%, 05/26/33, (1-day SOFR + 2.26%) (a) . . . . . . . 25 24 ,444 5.04%, 05/01/34, (1-day SOFR + 1.84%) (a) . . . . . . . 35 34 ,483 5.28%, 07/26/35, (1-day SOFR + 1.42%) (a) . . . . . . . 45 44 ,545 5.41%, 02/08/41, (5-year CMT + 1.15%) (a) . . . . . . . 25 24 ,237 5.44%, 01/30/36, (1-day SOFR Index + 1.32%) (a) . 25 24,898 5.67%, 04/25/36, (1-day SOFR + 1.79%) (a) . . . . . . . 55 55 ,603 5.92%, 04/25/35, (1-day SOFR + 1.63%) (a) ....... 5 5,068 Ameriprise Financial, Inc. 4.50%, 05/13/32 . ............................... 5 4,863 5.15%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,944 5.20%, 04/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,700 Apollo Global Management, Inc. 5.15%, 08/12/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,147 6.00%, 12/15/54, (5-year CMT + 2.17%) (a) ....... 5 4,751 6.38%, 11/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,490 Aviation Capital Group LLC, 4.88%, 01/28/33 (b) . . . . . 25 23,916 Avolon Holdings Funding Ltd. 4.85%, 04/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,870 4.95%, 10/15/32 (b) .............................. 5 4,818 Azorra Finance Ltd., 6.25%, 02/15/34 (b) . . . . . . . . . . . . 25 24 ,726 Blackstone Holdings Finance Co. LLC 2.00%, 01/30/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 25 ,548 2.55%, 03/30/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13 ,057 6.20%, 04/22/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 31 ,223 Blue Owl Finance LLC, 4.38%, 02/15/32. . . . . . . . . . . . 35 31 ,998 BOC Aviation USA Corp., 4.88%, 05/03/33 (c) . . . . . . . . 200 198,990 Broadridge Financial Solutions, Inc., 5.75%, 05/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,717 Brookfield Asset Management Ltd. 5.30%, 01/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,954 5.80%, 04/24/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,012 Brookfield Capital Finance LLC, 6.09%, 06/14/33 . . . 5 5,142 Brookfield Finance, Inc. 5.33%, 01/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,130 5.68%, 01/15/35 . ............................... 5 4,978 6.35%, 01/05/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36 ,454 Burford Capital Global Finance LLC, 8.50%, 01/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 18 ,135 Capital One Financial Corp. 2.62%, 11/02/32, (1-day SOFR + 1.27%) (a) . . . . . . . 30 26 ,333 5.20%, 09/11/36, (1-day SOFR + 1.63%) (a) . . . . . . . 50 47 ,652 5.27%, 05/10/33, (1-day SOFR + 2.37%) (a) . . . . . . . 20 19 ,753 5.40%, 01/30/37, (1-day SOFR + 1.51%) (a) . . . . . . . 25 24 ,082 5.82%, 02/01/34, (1-day SOFR + 2.60%) (a) . . . . . . . 20 20 ,218 5.88%, 07/26/35, (1-day SOFR + 1.99%) (a) . . . . . . . 50 50 ,368 6.05%, 02/01/35, (1-day SOFR + 2.26%) (a) . . . . . . . 30 30 ,538 6.18%, 01/30/36, (1-day SOFR + 2.04%) (a) . . . . . . . 35 35 ,035 6.38%, 06/08/34, (1-day SOFR + 2.86%) (a) . . . . . . . 30 31 ,161 6.70%, 11/29/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 ,018 7.96%, 11/02/34, (1-day SOFR Index + 3.37%) (a) . 25 28,227 Cboe Global Markets, Inc., 3.00%, 03/16/32 . . . . . . . . 10 8,963 Charles Schwab Corp. (The) 1.95%, 12/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 25 ,807 2.90%, 03/03/32 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 62 ,685 4.91%, 11/14/36, (1-day SOFR + 1.23%) (a) . . . . . . . 25 23 ,778 5.66%, 08/12/37, (1-day SOFR + 1.32%) (a) . . . . . . . 25 24 ,922 5.85%, 05/19/34, (1-day SOFR + 2.50%) (a) . . . . . . . 35 35 ,930

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

iShares Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054655-10/240 10

Page 11

Security

Par (000) Value

Diversified Financial Services (continued) 6.14%, 08/24/34, (1-day SOFR + 2.01%) (a) . . . . . . . $ 10 $ 10,412 Citadel LP, 6.38%, 01/23/32 (b) . . . . . . . . . . . . . . . . . . . . . . 10 10,289 CME Group, Inc., 2.65%, 03/15/32 ................. 5 4,452 Coinbase Global, Inc., 3.63%, 10/01/31 (b)(d) . . . . . . . . . 15 13,243 CrossCountry Intermediate HoldCo LLC, 6.75%, 12/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,932 Encore Capital Group, Inc., 6.63%, 06/01/32 (b) . . . . . . 15 15,038 First Eagle Holdings, Inc., 7.25%, 08/15/32 (b) . . . . . . . 10 10,218 Focus Financial Partners LLC, 6.75%, 09/15/31 (b) . . . 15 14,914 Franklin Templeton, Inc., 5.50%, 08/10/36 . . . . . . . . . . 25 24,501 Freedom Mortgage Holdings LLC 7.88%, 04/01/33 (b) .............................. 5 4,811 8.00%, 02/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,885 8.38%, 04/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,061 Intercontinental Exchange, Inc. 1.85%, 09/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 41,694 4.60%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48,346 Jefferies Finance LLC/JFIN Co-Issuer Corp., 6.63%, 10/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,889 Jefferies Financial Group, Inc. 2.63%, 10/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 47,655 2.75%, 10/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 21,163 5.50%, 02/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,681 LPL Holdings, Inc. 5.65%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,793 5.75%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,845 6.00%, 05/20/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,092 LSEG U.S. Fin Corp., 5.30%, 03/28/34 (b) ........... 5 4,941 Mastercard, Inc. 2.00%, 11/18/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13,116 4.35%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,595 4.55%, 01/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28,690 4.85%, 03/09/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,860 4.88%, 05/09/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,611 4.95%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,025 5.00%, 06/08/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,328 Mitsubishi HC Finance America LLC, 5.66%, 02/28/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,092 Nasdaq, Inc., 5.55%, 02/15/34 . . . . . . . . . . . . . . . . . . . . . 35 35,367 Navient Corp. 5.63%, 08/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,634 7.88%, 06/15/32 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,578 9.38%, 10/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,260 Nomura Holdings, Inc., 5.78%, 07/03/34 . . . . . . . . . . . . 200 202,452 Nuveen LLC, 5.85%, 04/15/34 (b) . . . . . . . . . . . . . . . . . . . 25 25,261 OneMain Finance Corp. 6.50%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,676 6.75%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,053 6.75%, 09/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,783 7.13%, 11/15/31 ................................ 5 5,071 7.13%, 09/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,220 7.13%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,997 ORIX Corp. 4.00%, 04/13/32 ................................ 5 4,716 5.20%, 09/13/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,015 Osaic Holdings, Inc. 6.75%, 08/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,127 8.00%, 08/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,366 PennyMac Financial Services, Inc. 5.75%, 09/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 1 1,216 6.75%, 02/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,264

Security

Par (000) Value

Diversified Financial Services (continued) 6.88%, 05/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 20 $ 19,253 6.88%, 02/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,249 Raymond James Financial, Inc., 4.90%, 09/11/35 . . . 25 23,777 Rocket Companies, Inc., 6.38%, 08/01/33 (b) . . . . . . . . 40 40 ,517 Rocket Cos, Inc. 6.50%, 06/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,152 7.13%, 02/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,819 Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 4.00%, 10/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . 19 17 ,015 Sumisho Air Lease Corp. 2.88%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,844 5.50%, 03/24/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,322 Synchrony Financial 2.88%, 10/28/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 26 ,340 6.00%, 07/29/36, (1-day SOFR + 2.07%) (a) . . . . . . . 40 39 ,392 7.25%, 02/02/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,516 TPG Operating Group II LP 5.38%, 01/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,977 5.88%, 03/05/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,056 UBS Americas, Inc., 7.13%, 07/15/32. . . . . . . . . . . . . . . 25 27 ,430 Visa, Inc. 4.15%, 12/14/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 27 ,972 4.70%, 02/12/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,132 Voya Financial, Inc. 5.00%, 09/20/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28 ,950 5.05%, 03/02/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,701 Wealthspire LP, 9.00%, 09/15/34 (b) ................. 5 5,069 WS Escrow LLC, 7.75%, 06/01/33 (b) . . . . . . . . . . . . . . . . 15 15 ,619 3,161,541 Electric — 2.0% AEP Texas, Inc. 4.70%, 05/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,703 5.40%, 06/01/33 . ............................... 5 4,971 Series Q, 5.20%, 04/15/36 . . . . . . . . . . . . . . . . . . . . . . 25 24 ,094 AEP Transmission Co. LLC 5.15%, 04/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,900 5.25%, 06/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,535 5.38%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,951 AES Corp. (The), 5.80%, 03/15/32 . . . . . . . . . . . . . . . . . 15 15 ,045 Alabama Power Co. 3.05%, 03/15/32 . ............................... 5 4,522 3.94%, 09/01/32 . ............................... 5 4,713 5.10%, 04/02/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,836 Alliant Energy Finance LLC, 3.60%, 03/01/32 (b) . . . . . 25 22,955 Alpha Generation LLC 6.25%, 01/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,574 6.75%, 10/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,108 Ameren Corp., 5.38%, 03/15/35 . . . . . . . . . . . . . . . . . . . . 20 19 ,762 American Electric Power Co., Inc. 5.63%, 03/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 18 ,339 5.95%, 11/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,510 6.95%, 12/15/54, (5-year CMT + 2.68%) (a) . . . . . . . 10 10 ,502 American Transmission Systems, Inc., 2.65%, 01/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 24 ,695 Appalachian Power Co. 4.50%, 08/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,644 5.65%, 04/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,397 Arizona Public Service Co. 2.20%, 12/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 25 ,855 5.10%, 03/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,028 5.70%, 08/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,196

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

iShares Core 5-10 Year 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-6054655-11/240 A DDITIONAL I NFORM NM A M1026U60546 DDITIONAL 5 I 11/240 NFORMATION

Page 12

Security

Par (000) Value

Electric (continued) Baltimore Gas and Electric Co. 5.30%, 06/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10 $ 9,937 5.45%, 06/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,922 Berkshire Hathaway Energy Co., 6.13%, 04/01/36 . . 50 51,977 Black Hills Corp. 6.00%, 01/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,157 6.15%, 05/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,284 California Buyer Ltd./Atlantica Sustainable Infrastructure PLC, 6.38%, 02/15/32 (b) . . . . . . . . . . . 10 9,839 Capital Power U.S. Holdings, Inc., 6.19%, 06/01/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,136 CenterPoint Energy Houston Electric LLC 4.95%, 04/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,630 5.15%, 03/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,894 Series AG, 3.00%, 03/01/32 . . . . . . . . . . . . . . . . . . . . . 15 13,544 Series AI, 4.45%, 10/01/32 . . . . . . . . . . . . . . . . . . . . . . 10 9,623 Series AQ, 4.95%, 08/15/35 . . . . . . . . . . . . . . . . . . . . . 25 24,132 Series AR, 4.85%, 04/01/36 . . . . . . . . . . . . . . . . . . . . . 25 23,856 Series K2, 6.95%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . 10 10,931 CenterPoint Energy, Inc., Series B, 6.85%, 02/15/55, (5-year CMT + 2.95%) (a) . . . . . . . . . . . . . . . 10 10,348 Chpe LLC, 5.35%, 06/30/36 (b) . . . . . . . . . . . . . . . . . . . . . . 25 24,303 Clearway Energy Operating LLC 3.75%, 01/15/32 (b) .............................. 5 4,518 5.75%, 01/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,660 CMS Energy Corp., 6.50%, 06/01/55, (5-year CMT + 1.96%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,151 Comision Federal de Electricidad, 3.88%, 07/26/33 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 172,118 Connecticut Light and Power Co. (The), 4.95%, 08/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,715 Consolidated Edison Co. of New York, Inc. 5.13%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,683 5.15%, 06/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,382 5.20%, 03/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,003 Constellation Energy Generation LLC 5.30%, 06/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,232 6.13%, 01/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26,006 Consumers Energy Co. 3.60%, 08/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 27,822 4.63%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,191 5.05%, 05/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,679 5.13%, 05/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,401 Dominion Energy South Carolina, Inc. 5.30%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,035 6.63%, 02/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,718 Series 2025, 5.30%, 01/15/35 . . . . . . . . . . . . . . . . . . . 10 9,937 Dominion Energy, Inc. 5.35%, 06/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,287 5.45%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,738 6.63%, 05/15/55, (5-year CMT + 2.21%) (a) . . . . . . . 20 20,094 Series B, 5.95%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . 25 25,540 Series B, 7.00%, 06/01/54, (5-year CMT + 2.51%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,588 Series F, 5.25%, 08/01/33 . . . . . . . . . . . . . . . . . . . . . . . 15 14,823 DTE Electric Co. 5.20%, 04/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,050 5.25%, 05/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,667 Series A, 3.00%, 03/01/32 . . . . . . . . . . . . . . . . . . . . . . . 15 13,613 Series A, 4.85%, 03/01/36 . . . . . . . . . . . . . . . . . . . . . . . 25 23,824 DTE Energy Co., 5.85%, 06/01/34 . . . . . . . . . . . . . . . . . . 35 35,796

Security

Par (000) Value

Electric (continued) Duke Energy Carolinas LLC 4.85%, 01/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10 $ 9 ,739 4.95%, 01/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,796 5.15%, 06/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,371 5.25%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,847 Duke Energy Corp. 4.50%, 08/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,272 4.95%, 09/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,891 5.45%, 06/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,994 5.75%, 09/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,418 6.45%, 09/01/54, (5-year CMT + 2.59%) (a) . . . . . . . 30 30 ,595 Duke Energy Florida LLC, 2.40%, 12/15/31 . . . . . . . . . 15 13 ,200 Duke Energy Indiana LLC 6.12%, 10/15/35 . ............................... 5 5,203 Series DDDD, 4.95%, 03/15/36. . . . . . . . . . . . . . . . . . 25 23 ,989 Duke Energy Ohio, Inc., 5.25%, 04/01/33 . . . . . . . . . . . 10 9,992 Duke Energy Progress LLC 3.40%, 04/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 27 ,603 5.05%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,644 5.25%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,075 Duquesne Light Holdings, Inc., 2.78%, 01/07/32 (b) . . 10 8,748 Edison International, 5.25%, 03/15/32 . . . . . . . . . . .... 5 4,836 El Paso Electric Co., 6.00%, 05/15/35 . . . . . . . . . . . . . . 10 10 ,087 Electricite de France SA 4.75%, 10/13/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,538 5.75%, 01/13/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,302 Enel Finance International NV 5.50%, 06/26/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,897 7.50%, 10/14/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 ,041 Entergy Arkansas LLC, 5.15%, 01/15/33. . . . . . . . . . . . 40 39 ,840 Entergy Louisiana LLC 2.35%, 06/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 12 ,924 4.00%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 37 ,240 5.15%, 09/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,635 5.35%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,023 Entergy Texas, Inc. 5.20%, 06/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,267 5.25%, 04/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,569 Evergy Kansas Central, Inc. 5.25%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,819 5.90%, 11/15/33 . ............................... 5 5,172 Evergy Metro, Inc., 5.40%, 04/01/34. . . . . . . . . . . . . . . . 10 10 ,009 Evergy Missouri West, Inc. 5.25%, 12/15/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,266 5.65%, 06/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,981 Eversource Energy 3.38%, 03/01/32 . ............................... 5 4,549 5.13%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,553 5.50%, 01/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,969 5.95%, 07/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,264 Exelon Corp. 3.35%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 27 ,375 4.95%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,493 4.95%, 03/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,677 5.30%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,970 5.45%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49 ,922 5.63%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,998 Florida Power & Light Co. 2.45%, 02/03/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17,611 4.80%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,689 4.95%, 06/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,706

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

iShares Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054655-12/240 12

Page 13

Security

Par (000) Value

Electric (continued) 5.00%, 08/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15 $ 14,712 5.10%, 04/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,907 5.13%, 06/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,425 5.30%, 06/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45,033 5.63%, 04/01/34 ................................ 5 5,092 Georgia Power Co. 4.70%, 05/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 42,233 5.20%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,828 5.25%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,883 Hawaiian Electric Co., Inc., 6.00%, 10/01/33 (b) . . . . . . 10 9,860 Idaho Power Co., 5.20%, 08/15/34 . . . . . . . . . . . . . . . . . 10 9,949 Indianapolis Power & Light Co., 5.65%, 12/01/32 (b) . . 20 20,420 Interstate Power and Light Co. 4.95%, 09/30/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,233 5.60%, 06/29/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,045 IPALCO Enterprises, Inc., 5.75%, 04/01/34 . . . . . . . . . 25 24,461 ITC Holdings Corp., 5.65%, 05/09/34 (b) . . . . . . . . . . . . . 15 15,048 Jersey Central Power & Light Co. 2.75%, 03/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17,609 5.10%, 01/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,670 5.15%, 01/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,279 Liberty Utilities Co., 5.65%, 05/15/36 (b) . . . . . . . . . . . . . 25 24,325 Long Ridge Energy LLC, 8.75%, 02/15/32 (b) . . . . . . . . 15 15,497 Louisville Gas and Electric Co., 5.45%, 04/15/33 . . . . 30 30,251 MidAmerican Energy Co. 5.35%, 01/15/34 ................................ 5 5,039 6.75%, 12/30/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16,203 Narragansett Electric Co. (The), 5.35%, 05/01/34 (b) . 10 9,901 National Grid PLC 5.41%, 06/09/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,372 5.42%, 01/11/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,927 5.81%, 06/12/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,240 National Grid USA, 5.80%, 04/01/35 . . . . . . . . . . . . . . . . 5 5,110 National Rural Utilities Cooperative Finance Corp. 2.75%, 04/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17,653 4.15%, 12/15/32 ................................ 5 4,727 5.00%, 08/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,362 Series C, 8.00%, 03/01/32 . . . . . . . . . . . . . . . . . . . . . . 10 1 1,333 New York State Electric & Gas Corp., 2.15%, 10/01/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 30,476 NextEra Energy Capital Holdings, Inc. 2.44%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17,410 5.00%, 07/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,841 5.05%, 02/28/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,545 5.25%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,589 5.45%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,724 6.50%, 08/15/55, (5-year CMT + 1.98%) (a) . . . . . . . 20 20,102 6.75%, 06/15/54, (5-year CMT + 2.46%) (a) . . . . . . . 10 10,247 Niagara Mohawk Power Corp., 5.29%, 01/17/34 (b) . . 25 24,576 NRG Energy, Inc. 3.88%, 02/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,151 5.41%, 10/15/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,864 5.75%, 01/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,328 5.88%, 05/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,483 6.00%, 02/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,927 6.00%, 01/15/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 43,741 6.13%, 05/15/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,598 6.25%, 11/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,936 7.00%, 03/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 37,105

Security

Par (000) Value

Electric (continued) NSTAR Electric Co. 5.20%, 03/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 20 $ 19,700 5.20%, 05/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,479 Ohio Power Co. 5.00%, 06/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,451 5.65%, 06/01/34 . ............................... 5 5,053 Oncor Electric Delivery Co. LLC 4.55%, 09/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,348 5.35%, 04/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,960 5.65%, 11/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,210 7.00%, 05/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 ,867 Pacific Gas and Electric Co. 4.40%, 03/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,057 5.20%, 05/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,672 5.70%, 03/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,867 5.85%, 11/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,752 5.90%, 06/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,311 6.00%, 08/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,199 6.15%, 01/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 41 ,120 6.40%, 06/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36 ,288 PacifiCorp 5.25%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,938 5.45%, 02/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49 ,523 5.80%, 04/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,963 7.70%, 11/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 33 ,139 Pampa Energia SA, 7.88%, 12/16/34 (c) . . . . . . . . . . . . . 19 19 ,620 PECO Energy Co. 4.88%, 09/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,144 4.90%, 06/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 17 ,759 PG&E Corp., 6.85%, 09/15/56, (5-year CMT + 3.23%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,596 Potomac Electric Power Co., 5.20%, 03/15/34 . . . . . . 10 9,921 PPL Capital Funding, Inc., 5.25%, 09/01/34 . . . . . . . . . 15 14 ,750 PSEG Power LLC, 5.75%, 05/15/35 (b) . . . . . . . . . . . . . . 10 9,981 Public Service Co. of Colorado 5.15%, 09/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,169 5.35%, 05/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,919 Public Service Co. of Oklahoma 5.20%, 01/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,601 5.45%, 01/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,630 Public Service Electric and Gas Co. 4.65%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,732 4.85%, 08/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,697 Series R, 5.40%, 08/01/36 . . . . . . . . . . . . . . . . . . . . . . 25 24 ,968 Public Service Enterprise Group, Inc. 2.45%, 11/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 26 ,303 5.40%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,831 5.45%, 04/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,951 6.13%, 10/15/33 . ............................... 5 5,185 Puget Energy, Inc., 5.73%, 03/15/35 . . . . . . . . . . . . . . . . 15 14,811 Puget Sound Energy, Inc., 5.33%, 06/15/34 (d) . . . . . . . 10 10,000 RWE Finance U.S. LLC, 5.88%, 04/16/34 (b) . . . . . . . . . 5 5,060 San Diego Gas & Electric Co. 5.40%, 04/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,880 Series DDDD, 5.20%, 03/15/36. . . . . . . . . . . . . . . . . . 25 24 ,226 Series XXX, 3.00%, 03/15/32 . . . . . . . . . . . . . . . . . . . . 10 8,926 Saudi Electricity Sukuk Programme Co., 5.49%, 02/18/35 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 200,169 Sempra 5.25%, 03/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,039 5.50%, 08/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,260

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

iShares Core 5-10 Year 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-6054655-13/240 A DDITIONAL I NFORM NM A M1026U60546 DDITIONAL 5 I 13/240 NFORMATION

Page 14

Security

Par (000) Value

Electric (continued) 6.40%, 10/01/54, (5-year CMT + 2.63%) (a) . . . . . . . $ 15 $ 14,849 6.55%, 04/01/55, (5-year CMT + 2.14%) (a) . . . . . . . 10 9,889 Southern California Edison Co. 2.75%, 02/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,804 4.80%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,002 5.20%, 06/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,538 5.45%, 03/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,479 5.63%, 02/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,370 5.95%, 11/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35,822 Southern Co. (The) 4.85%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,307 5.20%, 06/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39,594 5.70%, 10/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,337 5.70%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,288 Series 2025, 6.38%, 03/15/55, (5-year CMT + 2.07%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50,408 Southern Power Co., Series B, 4.90%, 10/01/35 .... 5 4,733 Southwestern Electric Power Co., 5.20%, 04/01/36. . 25 24,108 Southwestern Public Service Co. 5.30%, 05/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,815 5.30%, 08/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,385 Talen Energy Supply LLC 6.25%, 02/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,530 6.50%, 02/01/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,528 Tampa Electric Co., 5.15%, 03/01/35 (d) . . . . . . . . . . . . . 15 14,698 TransAlta Corp., 5.88%, 02/01/34 . . . . . . . . . . . . . . . . . . 10 9,772 Tucson Electric Power Co. 3.25%, 05/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,051 5.20%, 09/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,884 Union Electric Co. 2.15%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,644 5.20%, 04/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,821 Virginia Electric and Power Co. 2.30%, 11/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 43,685 2.40%, 03/30/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 30,375 4.95%, 03/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,782 5.00%, 04/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,618 5.00%, 01/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,368 5.05%, 08/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,757 5.15%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,489 Series C, 4.90%, 09/15/35 . . . . . . . . . . . . . . . . . . . . . . 25 23,861 Vistra Operations Co. LLC 5.25%, 04/30/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,369 5.25%, 10/15/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,776 5.35%, 01/31/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33,468 5.55%, 04/30/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,242 5.70%, 12/30/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,793 6.88%, 04/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,634 6.95%, 10/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26,596 7.75%, 10/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26,035 Wisconsin Electric Power Co. 4.60%, 10/01/34 ................................ 5 4,792 5.10%, 06/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,321 5.63%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,423 Wisconsin Power and Light Co. 4.95%, 04/01/33 ................................ 5 4,911 5.38%, 03/30/34 ................................ 5 4,982 Xcel Energy, Inc. 4.60%, 06/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,348 5.45%, 08/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,006 5.50%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,953

Security

Par (000) Value

Electric (continued) 5.60%, 04/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15 $ 14,962 XPLR Infrastructure Operating Partners LP 7.75%, 04/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,586 8.63%, 03/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 ,430 5,376,731 Electrical Components & Equipment — 0.0% Energizer Holdings, Inc., 6.00%, 09/15/33 (b)(d) . . . . . . 25 23,953 EnerSys, 6.63%, 01/15/32 (b) ....................... 5 5,087 WESCO Distribution, Inc. 5.50%, 04/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,634 6.38%, 03/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,157 6.63%, 03/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,363 69,194 Electronics — 0.2% Allegion U.S. Holding Co., Inc. 5.41%, 07/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,132 5.60%, 05/29/34 . ............................... 5 5,030 Amphenol Corp. 2.20%, 09/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 35 ,049 4.40%, 02/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33 ,482 4.63%, 02/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,504 5.00%, 01/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,630 Arrow Electronics, Inc. 2.95%, 02/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17 ,532 5.88%, 04/10/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,264 Avnet, Inc., 5.50%, 06/01/32 . . . . . . . . . . . . . . . . . . . . . . . 10 9,937 Emerson Electric Co. 2.20%, 12/21/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 34 ,998 5.00%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,678 Flex Ltd., 5.25%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,791 Honeywell International, Inc. 1.75%, 09/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 38 ,632 4.50%, 01/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,910 5.00%, 02/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,049 5.00%, 03/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,367 Hubbell, Inc., 4.80%, 11/15/35. . . . . . . . . . . . . . . . . . . . . . 25 23 ,686 nVent Finance SARL 2.75%, 11/15/31 . ............................... 5 4,404 5.65%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,127 Sensata Technologies, Inc., 6.63%, 07/15/32 (b) . . . . . 10 10,233 TD SYNNEX Corp. 5.30%, 10/10/35 . ............................... 5 4,785 6.10%, 04/12/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,167 Trimble, Inc., 6.10%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . 20 20 ,549 Tyco Electronics Group SA 2.50%, 02/04/32 . ............................... 5 4,380 4.88%, 02/09/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,834 5.00%, 05/09/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,679 477,829 Engineering & Construction — 0.1% AECOM, 6.00%, 08/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,929 Brundage-Bone Concrete Pumping Holdings, Inc., 7.50%, 02/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,271 CIMIC Finance USA Pty. Ltd., 7.00%, 03/25/34 (b) . . . . 10 10,487 Global Infrastructure Solutions, Inc. 6.38%, 07/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,050 7.50%, 04/15/32 (b) .............................. 7 7,329 Granite Construction, Inc., 6.38%, 06/15/34 (b) . . . . . . . 10 10 ,082 Jacobs Engineering Group, Inc., 5.90%, 03/01/33 . . . 10 10,167

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

iShares Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054655-14/240 14

Page 15

Security

Par (000) Value

Engineering & Construction (continued) Sydney Airport Finance Co. Pty. Ltd., 5.25%, 03/26/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 50 $ 48,494 Tutor Perini Corp., 6.63%, 07/15/33 (b) . . . . . . . . . . . . . . 10 10,089 Weekley Homes LLC/Weekley Finance Corp., 6.75%, 01/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,134 WSP Global, Inc., 5.04%, 09/18/31 (b) . . . . . . . . . . . . . . . 25 24,481 171,513 Entertainment — 0.1% Brightstar Lottery PLC/Brightstar Global Solutions Corp., 5.75%, 01/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . 15 14,585 Caesars Entertainment, Inc. 6.00%, 10/15/32 (b)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17,951 6.50%, 02/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33,830 Cavalier Acquisition Corp., 8.25%, 08/15/33 (b) . . . . . . . 10 10,248 Cinemark USA, Inc., 7.00%, 08/01/32 (b) . . . . . . . . . . . . 10 10,301 Light & Wonder International, Inc. 6.25%, 10/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,973 7.50%, 09/01/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,369 Motion Finco SARL, 8.38%, 02/15/32 (b) . . . . . . . . . . . . . 10 7,533 Premier Entertainment Sub LLC/Premier Entertainment Finance Corp., 5.88%, 09/01/31 (b) . 13 8,674 Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp., 6.63%, 02/01/33 (b) ............... 5 5,071 Six Flags Entertainment Corp./Canada's Wonderland Co/Millennium Operations LLC, 8.63%, 01/15/32 (b)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,273 Six Flags Entertainment Corp./Six Flags Theme Parks, Inc./Canada's Wonderland Co., 6.63%, 05/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,180 Vail Resorts, Inc., 6.50%, 05/15/32 (b) . . . . . . . . . . . . . . . 10 10,134 Voyager Parent LLC, 9.25%, 07/01/32 (b) . . . . . . . . . . . . 38 40,686 Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 6.25%, 03/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . 25 24,985 239,793 Environmental Control — 0.1% Clean Harbors, Inc., 5.75%, 10/15/33 (b) . . . . . . . . . . . . . 10 9,991 GFL Environmental Holdings U.S., Inc., 5.50%, 02/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,070 Republic Services, Inc. 1.75%, 02/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 21,115 5.00%, 04/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,532 5.15%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,865 5.20%, 11/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,963 Veralto Corp., 5.45%, 09/18/33 . . . . . . . . . . . . . . . . . . . . . 10 10,064 Waste Connections, Inc. 2.20%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17,353 3.20%, 06/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13,588 5.00%, 03/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,482 5.25%, 09/01/35 ................................ 5 4,965 Waste Management, Inc. 4.15%, 04/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 62,492 4.80%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 69,404 4.88%, 02/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,647 4.95%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39,118 Waste Pro USA, Inc., 7.00%, 02/01/33 (b) . . . . . . . . . . . . 10 10,219 Wrangler Holdco Corp., 6.63%, 04/01/32 (b) . . . . . . . . . 10 10,088 400,956

Security

Par (000) Value

Food — 0.6% Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC 5.63%, 03/31/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 45 $ 43,310 5.75%, 03/31/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 42 ,315 6.25%, 03/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,809 Campbell's Company (The) 4.75%, 03/23/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13 ,715 5.40%, 03/21/34 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,129 Chobani LLC/Chobani Finance Corp., Inc., 6.38%, 04/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,148 Conagra Brands, Inc., 5.75%, 08/01/35 (d) . . . . . . . . . . . 10 9,881 Fiesta Purchaser, Inc., 9.63%, 09/15/32 (b) . . . . . . . . . . 10 9,805 Flowers Foods, Inc., 5.75%, 03/15/35 (d) . . . . . . . . . . . . 10 9,427 General Mills, Inc. 4.95%, 03/29/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,241 5.25%, 01/30/35 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,716 Hershey Co. (The) 4.50%, 05/04/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,488 5.10%, 02/24/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,977 J M Smucker Co. (The) 2.13%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17 ,028 4.25%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13 ,723 6.20%, 11/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,993 JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings 3.00%, 05/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17 ,626 3.75%, 12/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 18 ,568 5.50%, 01/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,361 5.75%, 04/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 32 ,467 5.95%, 04/20/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,267 6.75%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 ,024 KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc. 7.00%, 08/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,153 7.13%, 04/30/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,216 Kellanova, 5.25%, 03/01/33 . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,044 Kraft Heinz Foods Co. 5.40%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,882 6.75%, 03/15/32 . ............................... 5 5,351 Kroger Co. (The), 5.00%, 09/15/34 . . . . . . . . . . . . . . . . . 40 38 ,654 Lamb Weston Holdings, Inc., 4.38%, 01/31/32 (b) . . . . 22 20 ,691 Mars, Inc. 1.63%, 07/16/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,291 3.60%, 04/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,897 4.75%, 04/20/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 43 ,709 5.00%, 03/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39 ,706 5.20%, 03/01/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 93 ,604 McCormick & Co., Inc. 4.70%, 10/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,481 4.95%, 04/15/33 . ............................... 5 4,892 Minerva Luxembourg SA, 8.88%, 09/13/33 (c) . . . . . . . . 200 203,426 Mondelez International, Inc. 3.00%, 03/17/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 22 ,480 4.75%, 08/28/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,603 5.13%, 05/06/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,825 Nestle Capital Corp., 4.88%, 03/12/34 (b) . . . . . . . . . . . . 150 147,617 Nestle Holdings, Inc., 4.30%, 10/01/32 (b) . . . . . . . . . . . 10 9,652 Performance Food Group, Inc. 5.63%, 03/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,425 6.13%, 09/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,069

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

iShares Core 5-10 Year 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-6054655-15/240 A DDITIONAL I NFORM NM A M1026U60546 DDITIONAL 5 I 15/240 NFORMATION

Page 16

Security

Par (000) Value

Food (continued) Pilgrim's Pride Corp. 3.50%, 03/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 30 $ 27,155 6.25%, 07/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,342 6.88%, 05/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26,770 Post Holdings, Inc. 4.50%, 09/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,254 6.25%, 02/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,142 6.25%, 10/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,111 6.38%, 03/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,655 6.50%, 03/15/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,227 Smithfield Foods, Inc., 2.63%, 09/13/31 (b) . . . . . . . . . . . 25 21,947 Sysco Corp. 2.45%, 12/14/31 ................................ 5 4,384 5.38%, 09/21/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,307 5.40%, 03/23/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,814 6.00%, 01/17/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,418 TreeHouse Foods, Inc., 7.75%, 02/11/33 (b) . . . . . . . . . . 15 15,173 Tyson Foods, Inc. 4.95%, 02/20/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,778 5.70%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,336 U.S. Foods, Inc. 5.75%, 04/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,940 7.25%, 01/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,334 Viking Baked Goods Acquisition Corp., 8.63%, 11/01/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,059 1,558,832 Forest Products & Paper — 0.0% International Paper Co., 5.00%, 09/15/35 . . . . . . . . . . . 45 43,143 Magnera Corp., 7.25%, 11/15/31 (b)(d) . . . . . . . . . . . . . . . 20 19,652 Suzano Austria GmbH, 3.13%, 01/15/32 . . . . . . . . . . . . 25 22,065 Suzano Netherlands BV, 5.50%, 01/15/36 . . . . . . . . . . 20 19,195 104,055 Gas — 0.1% AltaGas Ltd., 7.20%, 10/15/54, (5-year CMT + 3.57%) (a)(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,698 APA Infrastructure Ltd. 5.00%, 03/23/35 (b) .............................. 5 4,791 5.13%, 09/16/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,520 Atmos Energy Corp., 5.20%, 08/15/35 . . . . . . . . . . . . . . 20 19,780 Boston Gas Co. 3.76%, 03/16/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13,824 5.84%, 01/10/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,212 Brooklyn Union Gas Co. (The), 4.87%, 08/05/32 (b) . . 5 4,845 CenterPoint Energy Resources Corp. 4.40%, 07/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,216 5.40%, 07/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,957 KeySpan Gas East Corp., 5.99%, 03/06/33 (b) . . . . . . . 20 20,508 National Fuel Gas Co. 5.50%, 05/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,305 5.95%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,146 NiSource, Inc. 5.35%, 04/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,954 5.35%, 07/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,581 6.38%, 03/31/55, (5-year CMT + 2.53%) (a) . . . . . . . 10 10,074 ONE Gas, Inc., 4.25%, 09/01/32 ................... 5 4,804 Piedmont Natural Gas Co., Inc. 5.10%, 02/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,722 5.40%, 06/15/33 ................................ 5 5,019 Southern California Gas Co. 5.05%, 09/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,661

Security

Par (000) Value

Gas (continued) 5.20%, 06/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10 $ 9 ,959 5.45%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,959 Southern Co. Gas Capital Corp. 4.95%, 09/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,506 5.15%, 09/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,903 Series B, 5.10%, 09/15/35. . . . . . . . . . . . . . . . . . . . . . . 20 19 ,336 Southwest Gas Corp., 4.05%, 03/15/32 . . . . . . . . . . . . . 30 28 ,346 Spire Missouri, Inc. 4.80%, 02/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,789 Series 2034, 5.15%, 08/15/34 ................... 5 4,937 388,352 Hand & Machine Tools — 0.0% Stanley Black & Decker, Inc., 3.00%, 05/15/32 . . . . . . 25 22 ,258

Health Care - Products — 0.2% Abbott Laboratories, 4.65%, 03/15/36 . . . . . . . . . . . . . . 75 71 ,094 Agilent Technologies, Inc., 4.75%, 09/09/34. . . . . . . . . 5 4,821 Alcon Finance Corp., 5.38%, 12/06/32 (b) ............ 5 5,028 Augusta SpinCo Corp., 5.25%, 03/23/36 . . . . . . . . . . . . 25 24 ,389 Baxter International, Inc. 2.54%, 02/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 21 ,482 5.65%, 12/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,515 GE HealthCare Technologies, Inc., 5.91%, 11/22/32. 100 103,339 Insulet Corp., 6.50%, 04/01/33 (b) ................... 5 5,076 Medtronic Global Holdings SCA, 4.50%, 03/30/33. . . 40 38,559 Medtronic, Inc., 4.38%, 03/15/35 . . . . . . . . . . . . . . . . . . . 25 23 ,515 Revvity, Inc., 2.25%, 09/15/31. . . . . . . . . . . . . . . . . . . . . . 10 8,703 Smith & Nephew PLC, 5.40%, 03/20/34 . . . . . . . . . . . . 15 14,872 Solventum Corp., 5.60%, 03/23/34 . . . . . . . . . . . . . . . . . 35 35 ,128 Stryker Corp. 4.63%, 09/11/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,342 5.20%, 02/10/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,711 Teleflex, Inc., 5.88%, 01/15/32 (b) . . . . . . . . . . . . . . . . . . . 10 10 ,017 Thermo Fisher Scientific, Inc. 2.00%, 10/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 43 ,480 4.79%, 10/07/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,019 4.90%, 02/12/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,072 5.09%, 08/10/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,872 5.20%, 01/31/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,984 Zimmer Biomet Holdings, Inc. 2.60%, 11/24/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 31 ,880 5.20%, 09/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,804 5.50%, 02/19/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,953 622,655 Health Care - Services — 0.6% Acadia Healthcare Co., Inc., 7.38%, 03/15/33 (b) . . . . . 10 10,428 Adventist Health System/West 5.43%, 03/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,084 5.76%, 12/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,138 Ascension Health, Series 2025, 4.92%, 11/15/35. . . . 25 24,175 CHS/Community Health Systems, Inc. 9.75%, 01/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40 ,832 10.88%, 01/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 38 ,206 Cigna Group (The) 4.88%, 09/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,531 5.25%, 02/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,843 5.25%, 01/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,427 5.40%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 55 ,434 CommonSpirit Health 4.83%, 09/01/35 . ............................... 5 4,770 4.98%, 09/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,066

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

iShares Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054655-16/240 16

Page 17

Security

Par (000) Value

Health Care - Services (continued) 5.21%, 12/01/31 ................................ $ 5 $ 4,989 5.32%, 12/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,653 Concentra Health Services, Inc., 6.88%, 07/15/32 (b) . 10 10,355 DaVita, Inc. 6.75%, 07/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,466 6.88%, 09/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,481 Elevance Health, Inc. 4.75%, 02/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,382 4.95%, 11/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,715 5.20%, 02/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,404 5.38%, 06/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,873 5.50%, 10/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 40,487 Encompass Health Corp., 5.88%, 06/01/34 (b) . . . . . . . 10 9,950 Fresenius Medical Care U.S. Finance III, Inc., 3.00%, 12/01/31 (b) .............................. 5 4,433 Global Medical Response, Inc., 7.38%, 10/01/32 (b) . . 20 20,716 HAH Group Holding Co. LLC, 9.75%, 10/01/31 (b) . . . . 10 9,527 HCA, Inc. 3.63%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 91,995 4.90%, 11/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,645 5.00%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,375 5.30%, 05/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,193 5.45%, 09/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,797 5.50%, 06/01/33 ................................ 5 5,020 5.60%, 04/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35,155 5.75%, 03/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30,241 Horizon Mutual Holdings, Inc., 6.20%, 11/15/34 (b) . . . 10 9,412 Humana, Inc. 2.15%, 02/03/32 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 38,556 5.55%, 05/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,534 5.88%, 03/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,240 5.95%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30,475 6.63%, 09/15/56, (5-year CMT + 2.89%) (a) . . . . . . . 20 19,821 IQVIA, Inc., 6.25%, 06/01/32 (b) . . . . . . . . . . . . . . . . . . . . . 40 40,755 Laboratory Corp. of America Holdings 4.55%, 04/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,554 4.80%, 10/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,170 LifePoint Health, Inc. 7.00%, 05/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 32,901 8.38%, 02/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,239 10.00%, 06/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,371 Molina Healthcare, Inc. 3.88%, 05/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 1 1,735 6.25%, 01/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,883 OhioHealth Corp., 2.30%, 11/15/31 ................. 5 4,396 Piedmont Healthcare, Inc., 2.04%, 01/01/32 . . . . . . . . 20 17,147 Providence St. Joseph Health Obligated Group, 5.40%, 10/01/33 ................................ 5 5,028 Quest Diagnostics, Inc. 5.00%, 12/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,736 6.40%, 11/30/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21,277 Radiology Partners, Inc., 8.50%, 07/15/32 (b) . . . . . . . . 25 25,624 Roche Holdings, Inc. 2.08%, 12/13/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 17,387 4.99%, 03/08/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,901 Select Medical Corp., 6.25%, 12/01/32 (b)(d) . . . . . . . . . 10 9,697 Surgery Center Holdings, Inc., 7.25%, 04/15/32 (b) . . . 30 30,197 Sutter Health 5.16%, 08/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,913 Series 2025, 5.21%, 08/15/32 ................... 5 5,011 Series 2025, 5.54%, 08/15/35 ................... 5 5,043

Security

Par (000) Value

Health Care - Services (continued) TEAM Services Holding, Inc., 9.00%, 02/15/33 (b)(d) . . $ 10 $ 10,411 Tenet Healthcare Corp. 5.50%, 11/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,631 6.00%, 11/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,027 6.88%, 11/15/31 . ............................... 8 8,503 UnitedHealth Group, Inc. 4.20%, 05/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 47 ,874 4.50%, 04/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48 ,005 4.63%, 07/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 18 ,929 4.95%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59 ,645 5.00%, 04/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 63 ,637 5.15%, 07/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 39 ,506 5.30%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,895 5.35%, 02/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,385 Universal Health Services, Inc. 2.65%, 01/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 12 ,999 5.05%, 10/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,427 UPMC, 5.04%, 05/15/33 ........................... 5 4,935 1,756,598 Holding Companies - Diversified — 0.3% Apollo Debt Solutions BDC, 6.55%, 03/15/32 . . . . . . . 10 10,048 Ares Capital Corp. 3.20%, 11/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 30 ,531 5.80%, 03/08/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,635 Ares Strategic Income Fund, 6.20%, 03/21/32 . . . . . . 15 14,842 Blackstone Private Credit Fund 6.00%, 01/29/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29 ,423 6.00%, 11/22/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,280 Clue Opco LLC, 9.50%, 10/15/31 (b)(d) . . . . . . . . . . . . . . . 12 12 ,196 Compass Group Diversified Holdings LLC, 5.00%, 01/15/32 (b) ..................................... 5 4,768 Gaci First Investment Co. 5.25%, 10/13/32 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 198,224 5.25%, 01/29/34 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 196,311 HA Sustainable Infrastructure Capital, Inc. 6.38%, 07/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,141 7.13%, 11/15/56, (5-year CMT + 3.48%) (a) . . . . . . . 10 10 ,078 MDGH GMTN RSC Ltd., 3.38%, 03/28/32 (c) . . . . . . . . 200 182,619 748,096 Home Builders — 0.1% Ashton Woods USA LLC/Ashton Woods Finance Co., 6.88%, 08/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 ,056 Beazer Homes USA, Inc., 8.00%, 01/15/32 (b) . . . . . . . 10 10,237 Century Communities, Inc., 6.63%, 09/15/33 (b) . . . . . . 10 10 ,123 DR Horton, Inc. 5.00%, 10/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,345 5.50%, 10/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,813 Forestar Group, Inc., 6.50%, 03/15/33 (b) . . . . . . . . . . . . 25 25,128 Installed Building Products, Inc., 5.63%, 02/01/34 (b) . 5 4,896 K Hovnanian Enterprises, Inc., 8.38%, 10/01/33 (b) . . . 15 15,348 LGI Homes, Inc., 7.00%, 11/15/32 (b)(d) . . . . . . . . . . . . . . 10 9,891 Mattamy Group Corp., 6.00%, 12/15/33 (b) . . . . . . . . . . . 25 24,223 Meritage Homes Corp., 5.65%, 03/15/35. . . . . . . . . . . . 10 9,927 PulteGroup, Inc. 6.38%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21,114 7.88%, 06/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 ,283 Taylor Morrison Communities, Inc., 5.75%, 11/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,226 Toll Brothers Finance Corp., 5.60%, 06/15/35 . . . . . . . 10 9,920 221,530

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

iShares Core 5-10 Year 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-6054655-17/240 A DDITIONAL I NFORM NM A M1026U60546 DDITIONAL 5 I 17/240 NFORMATION

Page 18

Security

Par (000) Value

Home Furnishings — 0.0% Somnigroup International, Inc., 3.88%, 10/15/31 (b) . . $ 17 $ 15,533 Whirlpool Corp. 4.70%, 05/14/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 1 1,984 5.50%, 03/01/33 ................................ 5 3,988 6.50%, 06/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,640 7.88%, 07/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,527 64,672 Household Products & Wares — 0.1% Avery Dennison Corp. 2.25%, 02/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 30,134 5.75%, 03/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,248 Church & Dwight Co., Inc. 2.30%, 12/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13,101 5.60%, 11/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,798 Clorox Co. (The) 4.60%, 05/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,202 5.25%, 05/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,272 Kimberly-Clark Corp., 4.50%, 02/16/33 . . . . . . . . . . . . . 10 9,797 Kronos Acquisition Holdings, Inc., 10.75%, 06/30/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 3,990 141,542 Housewares — 0.0% American Greetings Corp., 8.88%, 01/15/32 (b) . . . . . . 10 9,936 Newell Brands, Inc. 6.63%, 05/15/32 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,227 7.38%, 04/01/36 (d) .............................. 5 5,036 Scotts Miracle-Gro Co. (The), 4.38%, 02/01/32 ...... 9 8,372 33,571 Insurance — 1.2% Acrisure LLC/Acrisure Finance, Inc., 6.75%, 07/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 12,798 AEGON Funding Co. LLC, 5.63%, 05/07/36 . . . . . . . . . 25 24,368 Aflac, Inc., 5.15%, 05/14/36 . . . . . . . . . . . . . . . . . . . . . . . . 25 24,350 AIA Group Ltd., 4.95%, 04/04/33 (b) . . . . . . . . . . . . . . . . . 10 9,990 Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer 6.50%, 10/01/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,096 7.38%, 10/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,192 Allianz SE, 6.35%, 09/06/53, (5-year CMT + 3.23%) (a)(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,260 Allstate Corp. (The) 5.25%, 03/30/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35,023 5.55%, 05/09/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,118 5.95%, 04/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,866 American Financial Group, Inc., 5.00%, 09/23/35. . . . 25 23,535 American International Group, Inc. 3.88%, 01/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,980 5.13%, 03/27/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,704 5.45%, 05/07/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,937 American National Group, Inc. 6.00%, 07/15/35 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48,323 6.14%, 06/13/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,203 Aon Corp./Aon Global Holdings PLC 2.60%, 12/02/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,803 5.00%, 09/12/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,869 Aon North America, Inc., 5.45%, 03/01/34 . . . . . . . . . . 40 39,785 Arch Capital Group Ltd. 5.25%, 06/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,350 7.35%, 05/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 1 1,134 Ardonagh Group Finance Ltd., 8.88%, 02/15/32 (b) . . . 25 25,068

Security

Par (000) Value

Insurance (continued) Arthur J Gallagher & Co. 5.00%, 02/15/32 . ............................... $ 5 $ 4 ,937 5.15%, 02/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,112 5.45%, 07/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,822 5.50%, 03/02/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,045 6.50%, 02/15/34 . ............................... 5 5,282 Assurant, Inc., 2.65%, 01/15/32 . . . . . . . . . . . . . . . . . . . . 25 21 ,666 Asurion LLC/Asurion Co-Issuer, Inc. 8.00%, 12/31/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54 ,720 8.38%, 02/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 67 ,606 Athene Global Funding 5.32%, 11/13/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,833 5.54%, 08/22/35 (b)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 67 ,200 Athene Holding Ltd. 5.88%, 01/15/34 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,929 6.63%, 10/15/54, (5-year CMT + 2.61%) (a) . . . . . . . 20 18 ,488 6.65%, 02/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,744 Berkshire Hathaway Finance Corp., 2.88%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 36 ,468 Brown & Brown, Inc. 4.20%, 03/17/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,073 5.55%, 06/23/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,553 5.65%, 06/11/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,876 Chubb INA Holdings LLC 4.90%, 08/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28 ,877 5.00%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 53 ,956 5.30%, 05/20/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,645 Cincinnati Financial Corp., 6.13%, 11/01/34. . . . . . . . . 10 10 ,214 CNA Financial Corp. 5.13%, 02/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,561 5.20%, 08/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,620 5.50%, 06/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,970 CNO Financial Group, Inc., 6.45%, 06/15/34 . . . . . . . . 15 15,343 Corebridge Financial, Inc. 3.90%, 04/05/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 32 ,383 5.75%, 01/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 50 ,407 6.05%, 09/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,258 DaVinciRe Holdings Ltd., 5.95%, 04/15/35 (b) . . . . . . . . 20 20 ,059 Doctors Co. An Interinsurance Exchange (The), 4.50%, 01/18/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,172 Enstar Group Ltd., 3.10%, 09/01/31 . . . . . . . . . . . . . . . . 15 13 ,217 Equitable Holdings, Inc. 5.59%, 01/11/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,197 6.70%, 03/28/55, (5-year CMT + 2.39%) (a) ....... 5 5,063 F&G Annuities & Life, Inc., 6.25%, 10/04/34 (d) . . . . . . . 10 9,443 Fairfax Financial Holdings Ltd. 5.63%, 08/16/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,220 5.75%, 05/20/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,001 6.00%, 12/07/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,588 First American Financial Corp., 5.45%, 09/30/34 . . . . 15 14,500 GA Global Funding Trust 2.90%, 01/06/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,699 5.50%, 04/01/32 (b) .............................. 5 4,908 Genworth Holdings, Inc., 6.50%, 06/15/34 . . . . . . . . . . 5 4,993 Global Atlantic Fin Co., 7.95%, 06/15/33 (b)(d) . . . . . . . . 14 15 ,076 Globe Life, Inc. 4.80%, 06/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,294 5.85%, 09/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,112 Guardian Life Global Funding, 4.67%, 09/05/32 (b) . . . 25 24,271 Hanover Insurance Group, Inc. (The), 5.50%, 09/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,539

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

iShares Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054655-18/240 18

Page 19

Security

Par (000) Value

Insurance (continued) Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC, 8.13%, 02/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25 $ 23,533 HUB International Ltd., 7.38%, 01/31/32 (b) . . . . . . . . . . 35 35,919 Jackson Financial, Inc. 3.13%, 11/23/31 ................................ 5 4,430 5.67%, 06/08/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,958 Jones Deslauriers Insurance Management, Inc., 6.88%, 10/01/33 (b)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,436 Kemper Corp., 3.80%, 02/23/32 . . . . . . . . . . . . . . . . . . . . 20 17,819 Liberty Mutual Group, Inc., 5.25%, 05/01/36 (b) . . . . . . 25 24,167 Lincoln National Corp. 3.40%, 03/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13,546 5.35%, 11/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 33,558 5.85%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,058 Loews Corp. 4.94%, 04/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,759 6.00%, 02/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,382 Manulife Financial Corp. 3.70%, 03/16/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,363 4.99%, 12/11/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 52,809 Marsh & McLennan Companies, Inc. 4.85%, 11/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,692 4.95%, 03/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,942 5.00%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 48,205 5.15%, 03/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,764 5.40%, 09/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,091 5.75%, 11/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,291 5.88%, 08/01/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,855 MassMutual Global Funding II, 5.05%, 08/26/35 (b) . . 10 9,657 Meiji Yasuda Life Insurance Co., 5.80%, 09/11/54, (5-year CMT + 3.03%) (a)(b) . . . . . . . . . . . . . . . . . . . . . . 25 24,445 Mercury General Corp., 6.25%, 06/15/36 . . . . . . . . . . . 25 24,681 MetLife, Inc. 5.30%, 12/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,916 5.38%, 07/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 29,354 5.70%, 06/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45,761 6.38%, 06/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 42,413 6.50%, 12/15/32 ................................ 9 9,635 Series G, 6.35%, 03/15/55, (5-year CMT + 2.08%) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20,321 Metropolitan Life Global Funding I, 5.15%, 03/28/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,921 Nationwide Mutual Insurance Co., 7.88%, 04/01/33 (b) ..................................... 5 5,498 New York Life Global Funding 4.55%, 01/28/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38,410 5.00%, 01/09/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34,216 5.20%, 06/03/36 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,310 5.35%, 01/23/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 49,731 New York Life Insurance Co., 5.88%, 05/15/33 (b) . . . . 35 35,668 Nippon Life Insurance Co., 5.95%, 04/16/54, (5-year CMT + 2.59%) (a)(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,999 Old Republic International Corp. 5.70%, 06/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,502 5.75%, 03/28/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,028 Pacific Life Global Funding II, 2.45%, 01/11/32 (b) . . . . 10 8,766 Pacific LifeCorp, 6.60%, 09/15/33 (b) . . . . . . . . . . . . . . . . 15 15,874 Pricoa Global Funding I, 5.35%, 05/28/35 (b) ......... 5 4,986 Primerica, Inc., 2.80%, 11/19/31 .................... 5 4,446 Principal Financial Group, Inc., 5.38%, 03/15/33 . . . . 25 25,072

Security

Par (000) Value

Insurance (continued) Progressive Corp. (The) 3.00%, 03/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25 $ 22,529 5.15%, 03/26/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,413 6.25%, 12/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,613 Protective Life Corp., 5.35%, 12/15/35 (b) . . . . . . . . . . . . 25 23,977 Protective Life Global Funding, 5.43%, 01/14/32 (b) . . 5 5,023 Prudential Financial, Inc. 5.20%, 03/14/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,633 5.75%, 07/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 51 ,660 6.00%, 09/01/52, (5-year CMT + 3.23%) (a) . . . . . . . 65 65 ,313 6.50%, 03/15/54, (5-year CMT + 2.40%) (a) ....... 5 5,101 6.75%, 03/01/53, (5-year CMT + 2.85%) (a)(d) . . . . . 15 15,597 Prudential Funding Asia PLC, 3.63%, 03/24/32. . . . . . 10 9,265 Reinsurance Group of America, Inc. 5.75%, 09/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45 ,136 6.00%, 09/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,569 RenaissanceRe Holdings Ltd. 5.75%, 06/05/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,150 5.80%, 04/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,049 RGA Global Funding 5.00%, 08/25/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,773 5.05%, 12/06/31 (b) .............................. 5 4,934 Ryan Specialty LLC, 5.88%, 08/01/32 (b) . . . . . . . . . . . . 20 19 ,807 Sammons Financial Group, Inc. 4.75%, 04/08/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,127 5.95%, 06/15/36 (b)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,860 6.88%, 04/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 41 ,218 SBL Holdings, Inc., 7.20%, 10/30/34 (b)(d) . . . . . . . . . . . . 40 36 ,860 Selective Insurance Group, Inc., 5.90%, 04/15/35 . . . 10 10,173 Stewart Information Services Corp., 3.60%, 11/15/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 8,767 Sumitomo Life Insurance Co., 5.88%, (5-year CMT + 2.84%) (a)(b)(f) .................................. 5 4,926 Travelers Companies, Inc. (The) 5.05%, 07/24/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38 ,960 6.75%, 06/20/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 27 ,405 Trustage Financial Group, Inc., 4.63%, 04/15/32 (b) . . 25 24,081 Unum Group, 5.25%, 12/15/35 . . . . . . . . . . . . . . . . . . . . . 35 33 ,696 USI, Inc./New York, 7.50%, 01/15/32 (b) . . . . . . . . . . . . . 10 10 ,425 Western & Southern Financial Group, Inc., 5.75%, 07/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 ,196 Willis North America, Inc. 5.15%, 03/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,888 5.35%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,877 3,156,880 Internet — 0.6% Airbnb, Inc., 5.25%, 03/16/36 . . . . . . . . . . . . . . . . . . . . . . 25 24 ,434 Alphabet, Inc. 4.38%, 11/15/32 . ............................... 5 4,812 4.40%, 02/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28 ,721 4.50%, 05/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28 ,463 4.70%, 11/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 71 ,066 4.80%, 02/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 95 ,272 5.20%, 08/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 44 ,841 5.45%, 08/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 69 ,474 Amazon.com, Inc. 3.60%, 04/13/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 88 ,532 4.35%, 03/20/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 38 ,095 4.55%, 03/13/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28 ,897 4.65%, 11/20/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 70 ,694 4.70%, 12/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 54 ,054

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

iShares Core 5-10 Year 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-6054655-19/240 A DDITIONAL I NFORM NM A M1026U60546 DDITIONAL 5 I 19/240 NFORMATION

Page 20

Security

Par (000) Value

Internet (continued) 4.80%, 12/05/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 40 $ 38,959 4.88%, 03/13/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 80,827 5.10%, 07/09/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,728 5.30%, 07/09/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 73,435 AppLovin Corp. 5.38%, 12/01/31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,006 5.50%, 12/01/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,760 Booking Holdings, Inc., 5.38%, 05/07/36 . . . . . . . . . . . . 25 24,588 Cogent Communications Group LLC/Cogent Finance, Inc., 6.50%, 07/01/32 (b) . . . . . . . . . . . . . . . . 25 19,263 eBay, Inc. 5.13%, 11/06/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,114 6.30%, 11/22/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,540 Expedia Group, Inc. 5.40%, 02/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,399 5.50%, 04/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,307 Gen Digital, Inc., 6.25%, 04/01/33 (b) . . . . . . . . . . . . . . . . 15 15,000 Match Group Holdings II LLC 3.63%, 10/01/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13,524 6.13%, 09/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,772 Meta Platforms, Inc. 3.85%, 08/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 50,998 4.60%, 11/15/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 72,004 4.75%, 08/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 52,331 4.88%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 72,494 4.88%, 11/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 131,084 4.95%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 29,332 5.25%, 05/15/36 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 96,095 Netflix, Inc. 4.90%, 08/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,489 5.25%, 08/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,703 Snap, Inc. 6.88%, 03/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24,496 6.88%, 03/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,726 Uber Technologies, Inc. 4.80%, 09/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,133 4.80%, 09/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23,689 VeriSign, Inc., 5.25%, 06/01/32 . . . . . . . . . . . . . . . . . . . . . 25 24,822 Wayfair LLC 6.75%, 11/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,293 7.13%, 05/31/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,551 1,746,817 Iron & Steel — 0.1% ArcelorMittal SA 6.00%, 06/17/34 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,310 6.80%, 11/29/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 32,452 Carpenter Technology Corp., 5.63%, 03/01/34 (b) . . . . 15 14,805 Cleveland-Cliffs, Inc. 7.00%, 03/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,268 7.38%, 05/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,284 7.50%, 09/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25,676 7.63%, 01/15/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15,305 Commercial Metals Co. 4.38%, 03/15/32 ................................ 3 2,813 5.75%, 11/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14,757 6.00%, 12/15/35 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19,750 Fortescue Treasury Pty. Ltd., 6.13%, 04/15/32 (b) . . . . 16 16,201 Gerdau Trade, Inc., 5.75%, 06/09/35 . . . . . . . . . . . . . . . 10 10,067 Hybar LLC, 7.38%, 07/01/34 (b) . . . . . . . . . . . . . . . . . . . . . 10 10,187

Security

Par (000) Value

Iron & Steel (continued) Mineral Resources Ltd. 6.00%, 05/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15 $ 14,802 6.25%, 05/01/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,665 Nucor Corp. 3.13%, 04/01/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,092 5.10%, 06/01/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,859 Steel Dynamics, Inc. 5.25%, 05/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,369 5.38%, 08/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,942 Vale Overseas Ltd. 6.13%, 06/12/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36 ,129 8.25%, 01/17/34 . ............................... 5 5,800 347,533 Leisure Time — 0.1% A&K Travel Group Holdings Ltd., 7.50%, 05/15/33 (b) . 10 10,165 Acushnet Co., 5.63%, 12/01/33 (b) . . . . . . . . . . . . . . . . . . 10 9,829 Brunswick Corp./DE, 4.40%, 09/15/32 . . . . . . . . . . . . . . 10 9,361 Carnival Corp. Ltd. 5.75%, 08/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 59 ,444 6.13%, 02/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 ,073 Gaia Purchaser, Inc., 7.63%, 07/15/33 (b) . . . . . . . . . . . . 20 20 ,417 Kingpin Intermediate Holdings LLC, 7.25%, 10/15/32 (b)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 7,950 Life Time, Inc., 6.00%, 11/15/31 (b) . . . . . . . . . . . . . . . . . . 10 10 ,098 NCL Corp. Ltd. 6.25%, 09/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,351 6.75%, 02/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 34 ,054 Patrick Industries, Inc., 6.38%, 11/01/32 (b) . . . . . . . . . . 10 9,981 Royal Caribbean Cruises Ltd. 4.75%, 05/15/33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 23 ,846 5.38%, 01/15/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9,669 5.55%, 01/20/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,839 5.63%, 09/30/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 30 ,027 6.00%, 02/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 ,186 6.25%, 03/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 ,355 Viking Cruises Ltd., 5.88%, 10/15/33 (b) . . . . . . . . . . . . . 25 24 ,775 389,420 Lodging — 0.2% Choice Hotels International, Inc., 5.85%, 08/01/34. . . 15 14,950 Hilton Domestic Operating Co., Inc. 3.63%, 02/15/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 23 ,619 5.50%, 09/15/31 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,925 5.50%, 03/31/34 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,687 5.75%, 09/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,985 5.88%, 03/15/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,069 6.13%, 04/01/32 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,237 Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc., 6.63%, 01/15/32 (b) . . . . . 15 15,125 Hyatt Hotels Corp. 5.38%, 12/15/31 . ............................... 5 5,008 5.50%, 06/30/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 14 ,916 5.75%, 03/30/32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 ,326 Las Vegas Sands Corp., 6.20%, 08/15/34. . . . . . . . . . . 10 10 ,107 Marriott International, Inc. 5.25%, 10/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,402 5.30%, 05/15/34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 24 ,722 5.35%, 03/15/35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 19 ,712 Series GG, 3.50%, 10/15/32 . . . . . . . . . . . . . . . . . . . . . 30 27 ,209 Series II, 2.75%, 10/15/33 . . . . . . . . . . . . . . . . . . . . . . . 10 8,538 Series YY, 5.65%, 09/15/36 . . . . . . . . . . . . . . . . . . . . . 25 24 ,812

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

iShares Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets)

S CHEDULE OF I NVESTMENTS NM1026U-6054655-20/240 20

Page 21

Security

Par (000) Value

Lodging (continued) Marriott Ownership Resorts, Inc., 6.50%, 10/01/33 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15 $ 14,918 Melco Resorts Finance Ltd., 7.63%, 04/17/32 (b) . . . . . 15 15,358 MGM Resorts International, 6.50%, 04/15/32 . . . . . . . 15 14,993 Station Casinos LLC 4.63%, 12/01/31 (b) .............................. 8 7,544 6.63%, 03/15/32 (b)(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,123 Travel and Leisure Co., 6.13%, 09/01/33

Truncated: This annotation is too large to fit. View the raw JSON.

{
  "annotation_id": "f513d0b5-dd0c-4073-a266-2e1c8a51e970",
  "date_created": "2026-10-26T22:49:44.672000Z",
  "date_modified": "2026-10-26T22:49:44.672000Z",
  "file_hash": "d3bf03cc9d99869f13bda7dec8526e74130fc66fbc53d2d26ece68c5d72c6d77",
  "private": false,
  "record": {
    "attributes": {
      "chunk_type": "page_range",
      "end_page": 240,
      "start_page": 1
    },
    "blocks": [
      {
        "block_type": "box",
        "box": {
          "height": 28,
          "width": 661,
          "x": 93,
          "y": 151
        },
        "id": "c851c77e-cc38-4678-bf10-1651e3db224c",
        "page_number": 1,
        "text": "2026 Semi-Annual Financial"
      },
      {
        "block_type": "box",
        "box": {
          "height": 27,
          "width": 625,
          "x": 93,
          "y": 189
        },
        "id": "09bc7547-6791-4fc0-991f-775e1355f681",
        "page_number": 1,
        "text": "Statements and Additional"
      },
      {
        "block_type": "box",
        "box": {
          "height": 33,
          "width": 574,
          "x": 96,
          "y": 226
        },
        "id": "a7e34df6-52ad-4553-8238-189c7119283d",
        "page_number": 1,
        "text": "Information (Unaudited)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 107,
          "x": 61,
          "y": 315
        },
        "id": "e5ee96a6-425b-4e41-b408-94bfeb99d29d",
        "page_number": 1,
        "text": "iShares Trust"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 8,
          "x": 62,
          "y": 340
        },
        "id": "8fb45897-ee9e-435e-ab2e-e21c4051ad06",
        "page_number": 1,
        "text": "\u2022"
      },
      {
        "block_type": "box",
        "box": {
          "height": 11,
          "width": 452,
          "x": 80,
          "y": 337
        },
        "id": "e2285e69-ece7-4c00-a141-7f76c280dbca",
        "page_number": 1,
        "text": "iShares Core 5-10 Year USD Bond ETF | IMTB | NYSE Arca"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 8,
          "x": 62,
          "y": 360
        },
        "id": "a00d7e9f-4a80-47e0-9e57-666a08eb122d",
        "page_number": 1,
        "text": "\u2022"
      },
      {
        "block_type": "box",
        "box": {
          "height": 11,
          "width": 436,
          "x": 80,
          "y": 357
        },
        "id": "7c6e1f14-57cf-4c1a-88b1-0e814ea69252",
        "page_number": 1,
        "text": "iShares Core 10+ Year USD Bond ETF | ILTB | NYSE Arca"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 8,
          "x": 62,
          "y": 380
        },
        "id": "3865dabe-03ad-4451-a3c8-b2207045283a",
        "page_number": 1,
        "text": "\u2022"
      },
      {
        "block_type": "box",
        "box": {
          "height": 13,
          "width": 445,
          "x": 80,
          "y": 377
        },
        "id": "e1c5c45d-d098-4bf9-b02f-518656c716ea",
        "page_number": 1,
        "text": "iShares Core U.S. Aggregate Bond ETF | AGG | NYSE Arca"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 8,
          "x": 62,
          "y": 400
        },
        "id": "5a094bca-8443-400e-8c8b-3995ffb47cff",
        "page_number": 1,
        "text": "\u2022"
      },
      {
        "block_type": "box",
        "box": {
          "height": 11,
          "width": 498,
          "x": 80,
          "y": 397
        },
        "id": "3cefa8bc-eff8-4b3c-90fe-df78f192634d",
        "page_number": 1,
        "text": "iShares Total USD Fixed Income Market ETF | BTOT | NYSE Arca"
      },
      {
        "block_type": "box",
        "box": {
          "height": 11,
          "width": 147,
          "x": 791,
          "y": 45
        },
        "id": "a84144e7-41fe-45b1-9a0c-7e333d664f6d",
        "page_number": 1,
        "text": "AUGUST 31, 2026"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 145,
          "x": 757,
          "y": 969
        },
        "id": "d1ffdf2e-46a6-42d7-954e-04488c705e1f",
        "page_number": 1,
        "text": "NM1026U-6054655-1/240"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 25,
          "x": 932,
          "y": 98
        },
        "id": "f1192320-ce3b-4f41-a1e3-8156de9cb3ba",
        "page_number": 2,
        "text": "Page"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 126,
          "x": 40,
          "y": 115
        },
        "id": "1f7eacfa-edd2-40e1-8637-8d127ee7e147",
        "page_number": 2,
        "text": "Schedules of Investments"
      },
      {
        "block_type": "box",
        "box": {
          "height": 1,
          "width": 636,
          "x": 173,
          "y": 122
        },
        "id": "458cde25-8ab7-4bc3-a007-ddadfa40ed07",
        "page_number": 2,
        "text": "..............................................................................................................................."
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 143,
          "x": 813,
          "y": 116
        },
        "id": "8d29e6d6-bec9-4ccf-aa40-3271a731396d",
        "page_number": 2,
        "text": ".................... 3"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 173,
          "x": 40,
          "y": 128
        },
        "id": "8e7f2961-c05a-4f30-8feb-f27752f66313",
        "page_number": 2,
        "text": "Statements of Assets and Liabilities"
      },
      {
        "block_type": "box",
        "box": {
          "height": 1,
          "width": 636,
          "x": 219,
          "y": 135
        },
        "id": "6aaca25f-5121-4e2d-94b5-44e4d5405f33",
        "page_number": 2,
        "text": "..............................................................................................................................."
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 97,
          "x": 859,
          "y": 128
        },
        "id": "85184492-1b61-4f5e-b6be-67b464d2d811",
        "page_number": 2,
        "text": ". . . . . . . . . . . 212"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 124,
          "x": 40,
          "y": 141
        },
        "id": "ad6062a8-46f2-4aeb-916e-77406dbb737a",
        "page_number": 2,
        "text": "Statements of Operations"
      },
      {
        "block_type": "box",
        "box": {
          "height": 1,
          "width": 636,
          "x": 173,
          "y": 148
        },
        "id": "674a98cb-d83a-49eb-a144-49982080a59a",
        "page_number": 2,
        "text": "..............................................................................................................................."
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 143,
          "x": 813,
          "y": 141
        },
        "id": "58066ac7-a418-468d-9a21-a1eda5f9bc34",
        "page_number": 2,
        "text": ". . . . . . . . . . . . . . . . . . . . 213"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 182,
          "x": 40,
          "y": 154
        },
        "id": "5b24fd7f-6c13-4c77-9890-95033ee56d30",
        "page_number": 2,
        "text": "Statements of Changes in Net Assets"
      },
      {
        "block_type": "box",
        "box": {
          "height": 1,
          "width": 636,
          "x": 229,
          "y": 161
        },
        "id": "2be1d6ee-7d8a-44d7-a9c8-05163aacbb6d",
        "page_number": 2,
        "text": "..............................................................................................................................."
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 87,
          "x": 869,
          "y": 154
        },
        "id": "69a49eb9-f3a5-4989-a48a-57fcdcb33fe8",
        "page_number": 2,
        "text": ". . . . . . . . . 214"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 94,
          "x": 41,
          "y": 167
        },
        "id": "62714ce6-de30-4349-9363-9c6dda1b2636",
        "page_number": 2,
        "text": "Financial Highlights"
      },
      {
        "block_type": "box",
        "box": {
          "height": 2,
          "width": 636,
          "x": 143,
          "y": 173
        },
        "id": "d356d903-7b6f-4c0f-b0ac-0cfdf9e34cf6",
        "page_number": 2,
        "text": "..............................................................................................................................."
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 173,
          "x": 783,
          "y": 167
        },
        "id": "f0167bf8-61ec-4cd5-b868-463f73f9dba6",
        "page_number": 2,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . 216"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 145,
          "x": 41,
          "y": 180
        },
        "id": "68dd8318-e9bc-45af-bf42-420916a16d94",
        "page_number": 2,
        "text": "Notes to Financial Statements"
      },
      {
        "block_type": "box",
        "box": {
          "height": 1,
          "width": 636,
          "x": 194,
          "y": 186
        },
        "id": "5fcfe87a-7830-4f54-b616-d16b716c9424",
        "page_number": 2,
        "text": "..............................................................................................................................."
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 122,
          "x": 834,
          "y": 180
        },
        "id": "ceb93536-86ce-4393-a304-479c61787718",
        "page_number": 2,
        "text": ". . . . . . . . . . . . . . . . 220"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 106,
          "x": 40,
          "y": 193
        },
        "id": "5abdb9de-2051-4d97-ad67-83207d03860f",
        "page_number": 2,
        "text": "Additional Information"
      },
      {
        "block_type": "box",
        "box": {
          "height": 1,
          "width": 636,
          "x": 153,
          "y": 199
        },
        "id": "0587a448-fc42-44aa-8c41-b819a86ac3a5",
        "page_number": 2,
        "text": "..............................................................................................................................."
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 163,
          "x": 793,
          "y": 193
        },
        "id": "51c23ca6-1a92-4280-afef-f4d0911536dd",
        "page_number": 2,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . 230"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 293,
          "x": 41,
          "y": 206
        },
        "id": "dd9ff366-0cea-43f7-bbd4-ab7f8718119c",
        "page_number": 2,
        "text": "Board Review and Approval of Investment Advisory Contract"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 615,
          "x": 340,
          "y": 206
        },
        "id": "62277065-242e-485d-bf69-9fa5b8302e1b",
        "page_number": 2,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 231"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 264,
          "x": 40,
          "y": 219
        },
        "id": "75d60361-7de7-4a4c-9b01-1df300288977",
        "page_number": 2,
        "text": "Glossary of Terms Used in these Financial Statements"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 646,
          "x": 310,
          "y": 219
        },
        "id": "61b7ccd8-47c5-4c09-9258-bdb9265f3eb5",
        "page_number": 2,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 236"
      },
      {
        "block_type": "box",
        "box": {
          "height": 13,
          "width": 149,
          "x": 40,
          "y": 39
        },
        "id": "1b5171b9-bbdc-41f4-af5a-a5e1d3109afb",
        "page_number": 2,
        "text": "Table of Contents"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 145,
          "x": 757,
          "y": 969
        },
        "id": "7ce29bdc-747c-4c51-9827-a20f6b801cac",
        "page_number": 2,
        "text": "NM1026U-6054655-2/240"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 6,
          "x": 950,
          "y": 965
        },
        "id": "71564830-c464-40d3-b945-9187e5ec6b97",
        "page_number": 2,
        "text": "2"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 39,
          "x": 41,
          "y": 110
        },
        "id": "8853d249-8d6a-4bc7-bd68-593b89901220",
        "page_number": 3,
        "text": "Security"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 17,
          "x": 371,
          "y": 97
        },
        "id": "36936d24-0cd4-42bd-acb4-af1a9b52f932",
        "page_number": 3,
        "text": "Par"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 114,
          "x": 366,
          "y": 110
        },
        "id": "3264bda3-9e8c-4c96-bca4-beb62ff3120c",
        "page_number": 3,
        "text": "(000) Value"
      },
      {
        "block_type": "box",
        "box": {
          "height": 12,
          "width": 234,
          "x": 40,
          "y": 131
        },
        "id": "3704612b-eec8-4c33-9909-ca42986e6730",
        "page_number": 3,
        "text": "Collateralized Mortgage Obligations"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 189,
          "x": 41,
          "y": 151
        },
        "id": "5dc0e8e8-1859-462b-8b27-510664f5ac47",
        "page_number": 3,
        "text": "Mortgage-Backed Securities \u2014 0.7%"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 201,
          "x": 41,
          "y": 164
        },
        "id": "c94cb838-d647-45ba-b488-824a40201b9a",
        "page_number": 3,
        "text": "BBCMS Mortgage Trust, 5.40%, 09/15/57"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 165,
          "x": 248,
          "y": 163
        },
        "id": "5a7111d3-922e-4203-bc05-edcd05f4c7f0",
        "page_number": 3,
        "text": ". . . . . . . . . . $ 250 $"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 39,
          "x": 440,
          "y": 164
        },
        "id": "ae99a5a5-1fcc-42c1-ba06-3341f4196adb",
        "page_number": 3,
        "text": "250,414"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 216,
          "x": 41,
          "y": 177
        },
        "id": "43bcc72a-e74a-40cd-ab4e-45ba659937f8",
        "page_number": 3,
        "text": "Benchmark Mortgage Trust, Series 2018-B4,"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 127,
          "x": 54,
          "y": 190
        },
        "id": "ad1375f5-9537-485e-9596-90fccbddb67f",
        "page_number": 3,
        "text": "Class A5, 4.12%, 07/15/51"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 184,
          "y": 188
        },
        "id": "52e4f44f-6f15-4e84-a92e-0b9ab79d6237",
        "page_number": 3,
        "text": "(a)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 189,
          "x": 198,
          "y": 190
        },
        "id": "985bfc5c-e583-497c-9ccd-868e9f2259eb",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . 200"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 38,
          "x": 441,
          "y": 190
        },
        "id": "0c335589-04fd-4ea9-9a07-0e0b6e58179d",
        "page_number": 3,
        "text": "196,773"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 231,
          "x": 41,
          "y": 202
        },
        "id": "a3f07c12-9adb-471d-9f67-e6ec82aa4be7",
        "page_number": 3,
        "text": "Federal Home Loan Mortgage Corp. Multifamily"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 180,
          "x": 54,
          "y": 215
        },
        "id": "7c7c9881-fb34-4a1f-a6a8-6b602d10be2c",
        "page_number": 3,
        "text": "Structured Pass-Through Certificates"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 80,
          "x": 53,
          "y": 228
        },
        "id": "0dabc6a4-9f2d-47ee-82ba-13698f631d95",
        "page_number": 3,
        "text": "4.40%, 06/25/35"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 134,
          "y": 227
        },
        "id": "6380276e-9148-40cb-90e6-6da2e55562c2",
        "page_number": 3,
        "text": "(a)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 239,
          "x": 148,
          "y": 228
        },
        "id": "ca75a027-e5dc-435c-9ba0-efd92727a73c",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 32,
          "x": 447,
          "y": 228
        },
        "id": "7a5f1723-f827-4be2-980c-1d1c4c39c06e",
        "page_number": 3,
        "text": "95,775"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 80,
          "x": 53,
          "y": 241
        },
        "id": "2531df74-d142-4a9b-adf7-883c5541a429",
        "page_number": 3,
        "text": "4.50%, 07/25/33"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 134,
          "y": 240
        },
        "id": "4c718f60-92e2-46f7-8c1f-8daa8432b829",
        "page_number": 3,
        "text": "(a)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 239,
          "x": 148,
          "y": 241
        },
        "id": "4d1a9b5d-128a-4e89-9b55-8f4add96d426",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 39,
          "x": 440,
          "y": 241
        },
        "id": "f0c61fb5-17e3-48ff-8326-afd67e44a336",
        "page_number": 3,
        "text": "487,845"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 79,
          "x": 54,
          "y": 254
        },
        "id": "29be79e9-8e37-42b1-a572-1f1113b42115",
        "page_number": 3,
        "text": "5.00%, 02/25/35"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 134,
          "y": 253
        },
        "id": "de18b734-2974-4989-bde0-883298c692ef",
        "page_number": 3,
        "text": "(a)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 239,
          "x": 148,
          "y": 254
        },
        "id": "692b7ef2-ccf1-4c50-a42f-964d913aad8d",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 38,
          "x": 441,
          "y": 254
        },
        "id": "079b90c2-f19c-4c9e-90b3-de66cb140be0",
        "page_number": 3,
        "text": "100,074"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 147,
          "x": 41,
          "y": 267
        },
        "id": "cd54bfb1-daba-4e81-92e4-b50ff6c15a03",
        "page_number": 3,
        "text": "Morgan Stanley Capital I Trust"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 79,
          "x": 54,
          "y": 280
        },
        "id": "89d8ecd1-08ba-468a-94d0-13a9d3f43325",
        "page_number": 3,
        "text": "2.32%, 10/15/54"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 250,
          "x": 137,
          "y": 280
        },
        "id": "dab2fb7c-bdfd-4a6d-bfa5-230f370ee3d0",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 39,
          "x": 440,
          "y": 280
        },
        "id": "46eb97d0-4800-4b5c-b550-9e888276ffc2",
        "page_number": 3,
        "text": "219,740"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 209,
          "x": 54,
          "y": 293
        },
        "id": "56934e27-25e7-4a27-94a0-db7e1d7b5eec",
        "page_number": 3,
        "text": "Series 2021-L7, Class A5, 2.57%, 10/15/54"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 118,
          "x": 269,
          "y": 293
        },
        "id": "b931aa69-96c8-478b-af9d-b15d2313059e",
        "page_number": 3,
        "text": ". . . . . . 500"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 39,
          "x": 440,
          "y": 293
        },
        "id": "6c25434c-0726-457a-98c2-c78eac4ede96",
        "page_number": 3,
        "text": "439,920"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 46,
          "x": 432,
          "y": 309
        },
        "id": "f6746be0-dd21-427b-a427-111ab3ad47b9",
        "page_number": 3,
        "text": "1,790,541"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 257,
          "x": 40,
          "y": 330
        },
        "id": "56cc9561-83de-4b6c-bee4-fcce7ddf506a",
        "page_number": 3,
        "text": "Total Collateralized Mortgage Obligations \u2014 0.7%"
      },
      {
        "block_type": "box",
        "box": {
          "height": 11,
          "width": 92,
          "x": 54,
          "y": 342
        },
        "id": "3d87eae4-4d86-4b4d-b753-16fde4ee3862",
        "page_number": 3,
        "text": "(Cost: $1,799,380)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 1,
          "width": 223,
          "x": 151,
          "y": 349
        },
        "id": "e8ec2422-e3b8-4801-b590-e3a261827923",
        "page_number": 3,
        "text": "............................................."
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 46,
          "x": 432,
          "y": 343
        },
        "id": "08aa45dc-476e-4275-83b3-0277887f16c3",
        "page_number": 3,
        "text": "1,790,541"
      },
      {
        "block_type": "box",
        "box": {
          "height": 12,
          "width": 168,
          "x": 40,
          "y": 371
        },
        "id": "adabb510-5f70-4843-9c2e-2d947cee52f1",
        "page_number": 3,
        "text": "Corporate Bonds \u0026 Notes"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 102,
          "x": 40,
          "y": 391
        },
        "id": "114f2be5-d893-4bba-aedd-59ae3a1cefc1",
        "page_number": 3,
        "text": "Advertising \u2014 0.0%"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 182,
          "x": 40,
          "y": 404
        },
        "id": "b89a8ca7-aa5b-41bb-8947-52896e22daf0",
        "page_number": 3,
        "text": "Clear Channel Outdoor Holdings, Inc."
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 77,
          "x": 54,
          "y": 416
        },
        "id": "86e51ad9-7810-4683-9606-9949b014757a",
        "page_number": 3,
        "text": "7.13%, 02/15/31"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 134,
          "y": 415
        },
        "id": "bf17ef22-7970-4938-aaad-35d27a50c3a5",
        "page_number": 3,
        "text": "(b)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 239,
          "x": 148,
          "y": 417
        },
        "id": "f08f55d1-50de-466e-9c5f-05360e64df92",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 31,
          "x": 447,
          "y": 417
        },
        "id": "dedb4164-527c-47f3-b4e0-9d42c9e56df0",
        "page_number": 3,
        "text": "10,301"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 79,
          "x": 54,
          "y": 429
        },
        "id": "80b7a4d4-19ca-4431-9b2b-65b0d0a33650",
        "page_number": 3,
        "text": "7.50%, 03/15/33"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 134,
          "y": 428
        },
        "id": "cc285e35-ac5e-4fec-91c7-85290391f677",
        "page_number": 3,
        "text": "(b)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 239,
          "x": 148,
          "y": 429
        },
        "id": "4d691e2c-05e7-4cd5-ba66-b6a5043be70b",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 32,
          "x": 447,
          "y": 429
        },
        "id": "37b6e46d-746a-45e2-b095-02b8e9da1d6e",
        "page_number": 3,
        "text": "10,533"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 178,
          "x": 41,
          "y": 442
        },
        "id": "40c74681-c498-4957-8071-f21285f60946",
        "page_number": 3,
        "text": "Lamar Media Corp., 5.38%, 11/01/33"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 220,
          "y": 441
        },
        "id": "662f1b7a-7bdc-4c5c-a104-04125fe58df0",
        "page_number": 3,
        "text": "(b)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 154,
          "x": 233,
          "y": 442
        },
        "id": "dbfa226a-5293-49f6-91a2-90c7a158cf38",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . 10"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 26,
          "x": 453,
          "y": 442
        },
        "id": "9c401157-839e-4151-82b2-87542c0d5c54",
        "page_number": 3,
        "text": "9,730"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 205,
          "x": 41,
          "y": 455
        },
        "id": "d95e6762-07a1-4938-903c-c04b02e21504",
        "page_number": 3,
        "text": "Neptune Bidco U.S., Inc., 9.50%, 02/15/33"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 10,
          "x": 247,
          "y": 454
        },
        "id": "557af897-8104-4da6-a109-654ba8312df0",
        "page_number": 3,
        "text": "(b)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 129,
          "x": 258,
          "y": 455
        },
        "id": "f2e62b91-3d73-4f45-bff9-8aef2982ffd5",
        "page_number": 3,
        "text": ". . . . . . . . 30"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 32,
          "x": 447,
          "y": 455
        },
        "id": "89761de2-b413-4289-b9bb-942a6e8525ee",
        "page_number": 3,
        "text": "30,792"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 246,
          "x": 40,
          "y": 468
        },
        "id": "c8ff2551-9701-44fd-b334-f5c7d2abef36",
        "page_number": 3,
        "text": "Outfront Media Capital LLC/Outfront Media Capital"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 112,
          "x": 54,
          "y": 481
        },
        "id": "33c1bccd-9933-4c48-a13b-3b1afa615e8a",
        "page_number": 3,
        "text": "Corp., 6.00%, 06/15/34"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 167,
          "y": 480
        },
        "id": "d31d1847-791e-413a-bb65-acb2d380a55f",
        "page_number": 3,
        "text": "(b)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 209,
          "x": 178,
          "y": 481
        },
        "id": "a2d6e1f2-c890-4a5f-8b1c-b828efa43502",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . 10"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 26,
          "x": 453,
          "y": 481
        },
        "id": "c265744c-5381-4805-be41-125d2080748d",
        "page_number": 3,
        "text": "9,883"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 211,
          "x": 40,
          "y": 494
        },
        "id": "9d03761c-a363-4977-a854-3d2be1fae9a1",
        "page_number": 3,
        "text": "WPP 2025 LLC/Delaware, 6.50%, 03/30/36"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 134,
          "x": 253,
          "y": 494
        },
        "id": "20561759-14ba-4d09-812c-39bdba401c3a",
        "page_number": 3,
        "text": ". . . . . . . . . 25"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 31,
          "x": 447,
          "y": 494
        },
        "id": "a9471ae6-93f5-4525-88f5-29a580ee396b",
        "page_number": 3,
        "text": "24,771"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 32,
          "x": 447,
          "y": 510
        },
        "id": "0779d401-ed0d-4fd9-9fbc-b07ab5426380",
        "page_number": 3,
        "text": "96,010"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 155,
          "x": 40,
          "y": 523
        },
        "id": "5a51963b-fdf6-4602-adaa-f2fd98df05ae",
        "page_number": 3,
        "text": "Aerospace \u0026 Defense \u2014 0.3%"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 39,
          "x": 40,
          "y": 536
        },
        "id": "52e6d7b8-030f-4808-937c-2d6bede72a72",
        "page_number": 3,
        "text": "ATI, Inc."
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 77,
          "x": 54,
          "y": 549
        },
        "id": "776255a5-489b-46b8-b437-0f0a42f95113",
        "page_number": 3,
        "text": "5.13%, 10/01/31"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 250,
          "x": 137,
          "y": 549
        },
        "id": "cc784a7c-42b3-4286-91dd-d28c7b86e19f",
        "page_number": 3,
        "text": "................................ 5"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 25,
          "x": 453,
          "y": 549
        },
        "id": "3d948294-89db-45dd-aaf4-eafea5269b66",
        "page_number": 3,
        "text": "4,911"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 79,
          "x": 54,
          "y": 561
        },
        "id": "7e952147-5df4-4204-9f20-0f4c068dfdb2",
        "page_number": 3,
        "text": "5.88%, 06/15/33"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 250,
          "x": 137,
          "y": 562
        },
        "id": "8f852343-8b9d-4c06-989e-340e0c65fe0f",
        "page_number": 3,
        "text": "................................ 5"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 26,
          "x": 453,
          "y": 562
        },
        "id": "1c1f4366-2a43-435f-829c-6eb6422fe5ca",
        "page_number": 3,
        "text": "5,050"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 177,
          "x": 41,
          "y": 574
        },
        "id": "af805ae3-8ec7-4411-a97b-bcb45dded002",
        "page_number": 3,
        "text": "BAE Systems PLC, 5.30%, 03/26/34"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 219,
          "y": 573
        },
        "id": "f6e446e7-ba91-47a5-8f91-5ce011063d5f",
        "page_number": 3,
        "text": "(b)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 154,
          "x": 233,
          "y": 574
        },
        "id": "7d476816-455f-4f85-9c06-ad15c9f67137",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . 30"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 32,
          "x": 447,
          "y": 574
        },
        "id": "582ee2bb-9787-439b-9cea-6d049e341f20",
        "page_number": 3,
        "text": "29,967"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 82,
          "x": 41,
          "y": 587
        },
        "id": "988dc9d6-437e-4b93-92ef-981252cceb7d",
        "page_number": 3,
        "text": "Boeing Co. (The)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 79,
          "x": 54,
          "y": 600
        },
        "id": "6afea61d-6bfb-4bd7-933d-e15b4cdbe987",
        "page_number": 3,
        "text": "3.25%, 02/01/35"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 250,
          "x": 137,
          "y": 600
        },
        "id": "785e1b9c-2f70-46cb-9659-d380002878b8",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 32,
          "x": 447,
          "y": 600
        },
        "id": "58568629-9b57-438a-9813-e9a798534816",
        "page_number": 3,
        "text": "25,470"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 79,
          "x": 54,
          "y": 613
        },
        "id": "ffccf6fa-7428-47b1-aa68-908c328566ba",
        "page_number": 3,
        "text": "3.60%, 05/01/34"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 250,
          "x": 137,
          "y": 613
        },
        "id": "3aa0f99d-0644-4bf0-9fd1-b190da9d35ee",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 26,
          "x": 453,
          "y": 613
        },
        "id": "aa17d03f-8d03-441d-ba60-ebc51ca2a44e",
        "page_number": 3,
        "text": "8,842"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 79,
          "x": 54,
          "y": 626
        },
        "id": "920199ce-749e-4eb7-9f87-370be8822600",
        "page_number": 3,
        "text": "6.53%, 05/01/34"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 250,
          "x": 137,
          "y": 626
        },
        "id": "ae175ee7-7094-4c52-a2cc-a1a8a189086b",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 32,
          "x": 447,
          "y": 626
        },
        "id": "374a2b6a-6350-4199-aefa-92913c96d7ef",
        "page_number": 3,
        "text": "53,307"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 78,
          "x": 41,
          "y": 639
        },
        "id": "ee1d3514-f30b-4dff-80e2-d5beba6f90b8",
        "page_number": 3,
        "text": "Bombardier, Inc."
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 79,
          "x": 54,
          "y": 652
        },
        "id": "6084c342-61ce-441d-a323-338f6ec28bd2",
        "page_number": 3,
        "text": "5.88%, 01/15/35"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 134,
          "y": 650
        },
        "id": "7e7c2a58-49a5-4404-af1a-ff57df155f60",
        "page_number": 3,
        "text": "(b)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 239,
          "x": 148,
          "y": 652
        },
        "id": "4b26a674-8200-4d96-8eb5-796fd071c987",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 31,
          "x": 447,
          "y": 652
        },
        "id": "8e8304a3-b071-456a-9898-e3e4a4c77693",
        "page_number": 3,
        "text": "19,821"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 79,
          "x": 54,
          "y": 665
        },
        "id": "92bbea8a-d0dd-484e-aeec-23187d5413ba",
        "page_number": 3,
        "text": "6.75%, 06/15/33"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 134,
          "y": 663
        },
        "id": "24e9cadb-4e98-4bfe-a586-6e7c7c7e788e",
        "page_number": 3,
        "text": "(b)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 239,
          "x": 148,
          "y": 665
        },
        "id": "fabead0a-4b1f-49f6-ac0d-94678dad1b32",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 32,
          "x": 447,
          "y": 665
        },
        "id": "d07beb1d-ad11-43a1-aca8-25e5da178c13",
        "page_number": 3,
        "text": "20,635"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 79,
          "x": 54,
          "y": 677
        },
        "id": "e5cf110f-c558-4fd8-afe5-7f2c1a48535f",
        "page_number": 3,
        "text": "7.00%, 06/01/32"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 134,
          "y": 676
        },
        "id": "a6197fe4-43f7-4e76-9f95-fd24e2b8567b",
        "page_number": 3,
        "text": "(b)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 239,
          "x": 148,
          "y": 678
        },
        "id": "ea8588f2-3318-40cb-933a-17205c26ba56",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 32,
          "x": 447,
          "y": 678
        },
        "id": "b8af6a0a-d8d0-4442-86d9-77444f70da60",
        "page_number": 3,
        "text": "15,517"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 79,
          "x": 54,
          "y": 690
        },
        "id": "f16e09f4-1839-42f1-8285-e81e524d9985",
        "page_number": 3,
        "text": "7.45%, 05/01/34"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 134,
          "y": 689
        },
        "id": "227dc7a6-622c-4211-bdce-52c1d240d28b",
        "page_number": 3,
        "text": "(b)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 239,
          "x": 148,
          "y": 690
        },
        "id": "71fa2227-064d-4011-ae43-d54cbdaa62fe",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 32,
          "x": 447,
          "y": 690
        },
        "id": "b7ca5f5e-8196-4a73-88c5-32e47d737288",
        "page_number": 3,
        "text": "10,977"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 206,
          "x": 41,
          "y": 703
        },
        "id": "caf59015-a7eb-4b40-9f18-e170fe800671",
        "page_number": 3,
        "text": "Efesto Bidco SpA Efesto U.S. LLC, 7.50%,"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 42,
          "x": 54,
          "y": 716
        },
        "id": "5da45644-32dc-43a6-b8d0-df8b10e89216",
        "page_number": 3,
        "text": "02/15/32"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 97,
          "y": 715
        },
        "id": "d9338ff2-908a-44c5-8ae6-dc847670cced",
        "page_number": 3,
        "text": "(b)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 275,
          "x": 112,
          "y": 716
        },
        "id": "983895b0-bffc-49cb-a3b3-9a8538e4ecc4",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 32,
          "x": 447,
          "y": 716
        },
        "id": "77b11e47-ccf4-4272-ba23-4090936428b6",
        "page_number": 3,
        "text": "15,247"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 437,
          "x": 41,
          "y": 729
        },
        "id": "e99ab0e0-050e-4ea6-902c-7bef78dad12c",
        "page_number": 3,
        "text": "Embraer Netherlands Finance BV, 5.98%, 02/11/35 . 10 10,241"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 206,
          "x": 40,
          "y": 742
        },
        "id": "ef433f88-b352-4263-a4de-de5b8ce2e8dc",
        "page_number": 3,
        "text": "General Dynamics Corp., 4.95%, 08/15/35"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 139,
          "x": 248,
          "y": 742
        },
        "id": "b289ec61-5359-4c65-aa63-229c46617e14",
        "page_number": 3,
        "text": ".......... 5"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 27,
          "x": 452,
          "y": 742
        },
        "id": "ddf25241-c268-44a6-9ad7-4e204f1327be",
        "page_number": 3,
        "text": "4,890"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 97,
          "x": 40,
          "y": 755
        },
        "id": "dff0f5a4-142b-47e0-b266-df39084a3184",
        "page_number": 3,
        "text": "General Electric Co."
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 80,
          "x": 53,
          "y": 768
        },
        "id": "2bf56abe-3ea4-4215-bf56-2301de526b47",
        "page_number": 3,
        "text": "4.90%, 01/29/36"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 250,
          "x": 137,
          "y": 768
        },
        "id": "2077b3bb-13cd-48f8-877b-fd175d9f704c",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 32,
          "x": 447,
          "y": 768
        },
        "id": "e4074566-fc4b-4dcf-86c0-e69151b20720",
        "page_number": 3,
        "text": "19,455"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 79,
          "x": 54,
          "y": 781
        },
        "id": "66b56826-fd00-4a52-a487-5e0795c610cc",
        "page_number": 3,
        "text": "6.75%, 03/15/32"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 250,
          "x": 137,
          "y": 781
        },
        "id": "8cff9954-a7cf-4aef-8dc7-c2291428e1f8",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 32,
          "x": 447,
          "y": 781
        },
        "id": "2b3b4ad1-822d-4f77-9588-c25725e67ff6",
        "page_number": 3,
        "text": "27,133"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 170,
          "x": 40,
          "y": 794
        },
        "id": "62b84e7d-3605-4b43-89c3-173c21767fce",
        "page_number": 3,
        "text": "Goat Holdco LLC, 6.75%, 02/01/32"
      },
      {
        "block_type": "box",
        "box": {
          "height": 6,
          "width": 9,
          "x": 211,
          "y": 792
        },
        "id": "8b8f6859-a12d-4f51-ab1a-edfb161c291c",
        "page_number": 3,
        "text": "(b)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 164,
          "x": 223,
          "y": 794
        },
        "id": "4ed0db20-209d-43eb-aee0-8a0616ab3af8",
        "page_number": 3,
        "text": ". . . . . . . . . . . . . . . 15"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 32,
          "x": 447,
          "y": 794
        },
        "id": "df28eec5-55bf-49ef-812f-81dea73fd42e",
        "page_number": 3,
        "text": "15,302"
      },
      {
        "block_type": "box",
        "box": {
          "height": 10,
          "width": 148,
          "x": 41,
          "y": 806
        },
        "id": "5d0dc53c-d8de-49d2-9b95-14f83a17f3ed",
        "page_number": 3,
        "text": "Hexcel Corp., 5.88%, 02/26/35"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 194,
          "x": 193,
          "y": 807
        },
        "id": "c643aded-8762-4d0e-83e6-359fd13c198f",
        "page_number": 3,
        "text": "..................... 5"
      },
      {
        "block_type": "box",
        "box": {
          "height": 9,
          "width": 26,
          "x": 453,
          "y": 806
        },
        "id":...