Page
3
The
Markets
in
Review
...................................................................................................
2
Semi-Annual
Report:
Fund
Summary
........................................................................................................
4
About
Fund
Performance
..................................................................................................
5
Disclosure
of Expenses
...................................................................................................
5
Schedule
of
Investments
..................................................................................................
6
Financial
Statements:
Statement
of
Assets
and
Liabilities
..........................................................................................
8
Statement
of
Operations
................................................................................................
9
Statements
of
Changes
in
Net
Assets
........................................................................................
10
Financial
Highlights
.....................................................................................................
11
Notes
to
Financial
Statements
...............................................................................................
12
Statement
Regarding
Liquidity
Risk
Management
Program
.............................................................................
17
Supplemental
Information
.................................................................................................
18
General
Information
.....................................................................................................
19
Glossary
of
Terms
Used
in
this
Report
..........................................................................................
20
Statement
of
Assets
and
Liabilities
(unaudited)
April
30,
2024
2024
iShares
Semi-Annual
Report
to
Shareholders
8
See
notes
to
financial
statements.
iShares
Yield
Optimized
Bond
ETF
ASSETS
Investments,
at
value
-
affiliated
(a)
(b)
.........................................................................................
$
242,618,809
Receivables:
-
Securities
lending
income
-
affiliated
......................................................................................
34,910
Capital
shares
sold
...................................................................................................
1,339
Dividends
-
affiliated
.................................................................................................
1,058
Total
a
ssets
.........................................................................................................
242,656,116
LIABILITIES
Collateral
on
securities
loaned
.............................................................................................
68,788,972
Payables:
-
Capital
shares
redeemed
...............................................................................................
5,200
Total
li
abilities
........................................................................................................
68,794,172
Commitments
and
contingent
liabilities
-
NET
ASSETS
........................................................................................................
$
173,861,944
NET
ASSETS
CONSIST
OF:
Paid-in
capital
........................................................................................................
$
190,704,782
Accumulated
loss
.....................................................................................................
(
16,842,838
)
NET
ASSETS
........................................................................................................
$
173,861,944
NET
ASSET
VALUE
Shares
outstanding
....................................................................................................
7,950,000
Net
asset
value
.......................................................................................................
$
21.87
Shares
authorized
.....................................................................................................
Unlimited
Par
value
...........................................................................................................
None
(a)
Investments,
at
cost
-
affiliated
...................................................................................
$
250,730,476
(b)
Securities
loaned,
at
value
-
affiliated
...............................................................................
$
66,777,489
Statement
of
Operations
(unaudited)
Six
Months
Ended
April
30,
2024
9
See
notes
to
financial
statements.
iShares
Yield
Optimized
Bond
ETF
INVESTMENT
INCOME
-
Dividends
-
affiliated
.................................................................................................
$
3,155,594
Interest
-
unaffiliated
.................................................................................................
20
Securities
lending
income
-
affiliated
-
net
.................................................................................
95,414
Total
investment
income
.................................................................................................
3,251,028
EXPENSES
Investment
advisory
..................................................................................................
196,747
Total
e
xpenses
.......................................................................................................
196,747
Less:
-
Investment
advisory
fees
waived
.........................................................................................
(
196,747
)
Total
ex
penses
after
fees
waived
...........................................................................................
-
Net
investment
income
..................................................................................................
3,251,028
REALIZED
AND
UNREALIZED
GAIN
(LOSS)
$
2,719,699
Net
realized
gain
(loss)
from:
Investments
-
affiliated
.............................................................................................
$
(
284,379
)
In-kind
redemptions
-
affiliated
(a)
.......................................................................................
433,320
148,941
Net
change
in
unrealized
appreciation
(depreciation)
on:
Investments
-
affiliated
.............................................................................................
2,570,757
Net
realized
and
unrealized
gain
...........................................................................................
2,719,698
NET
INCREASE
IN
NET
ASSETS
RESULTING
FROM
OPERATIONS
..................................................................
$
5,970,726
(a)
See
Note
2
of
the
Notes
to
Financial
Statements.
Statements
of
Changes
in
Net
Assets
2024
iShares
Semi-Annual
Report
to
Shareholders
10
See
notes
to
financial
statements.
iShares
Yield
Optimized
Bond
ETF
Six
Months
Ended
04/30/24
(unaudited)
Year
Ended
10/31/23
INCREASE
(DECREASE)
IN
NET
ASSETS
OPERATIONS
Net
investment
income
..............................................................................
$
3,251,028
$
3,960,276
Net
realized
gain
(loss)
..............................................................................
148,941
(
569,856
)
Net
change
in
unrealized
appreciation
(depreciation)
..........................................................
2,570,757
(
428,258
)
Net
increase
in
net
assets
resulting
from
operations
.............................................................
5,970,726
2,962,162
DISTRIBUTIONS
TO
SHAREHOLDERS
(a)
Decrease
in
net
assets
resulting
from
distributions
to
shareholders
...................................................
(3,251,752)
(b)
(3,950,079)
CAPITAL
SHARE
TRANSACTIONS
Net
increase
in
net
assets
derived
from
capital
share
transactions
...................................................
71,015,118
23,262,172
NET
ASSETS
Total
increase
in
net
assets
.............................................................................
73,734,092
22,274,255
Beginning
of
period
..................................................................................
100,127,852
77,853,597
End
of
period
......................................................................................
$
173,861,944
$
100,127,852
(a)
Distributions
for
annual
periods
determined
in
accordance
with
U.S.
federal
income
tax
regulations.
(b)
A
portion
of
the
distributions
from
net
investment
income
may
be
deemed
a
return
of
capital
or
net
realized
gain
at
fiscal
year-end.
(b) Not Applicable
Item 2. Code of Ethics.
Not applicable to this semi-annual report.
Item 3. Audit Committee Financial Expert.
Not applicable to this semi-annual report.
Item 4. Principal Accountant Fees and Services.
Not applicable to this semi-annual report.
Item 5. Audit Committee of Listed Registrants.
Not applicable to this semi-annual report.
Item 6. Investments.
(a)Schedules of investments are included as part of the reports to shareholders filed under Item 1 of this Form.
(b)Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to the registrant.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to the registrant.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to the registrant.
Item 10. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant's Board of Trustees.
Item 11. Controls and Procedures.
(a)The President (the registrant's Principal Executive Officer) and Treasurer and Chief Financial Officer (the registrant's Principal Financial Officer) have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are effective as of a date within 90 days of the filing date of this report, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the Investment Company Act of 1940 and Rules 13a-15(b) or 15d-15(b) under the Exchange Act of 1934.
(b)There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable to the registrant.
Item 13. Recovery of Erroneously Awarded Compensation.
Not applicable
Item 14. Exhibits.
(a)(1) Code of Ethics - See Item 2
(a)(2) Any policy required by the listing standards adopted pursuant to Rule 10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national securities exchange or registered national securities association upon which the Registrant's securities are listed - Not Applicable
(a)(3) Section 302 Certifications are attached
(a)(4) Any written solicitation to purchase securities under Rule 23c-1 - Not Applicable
(a)(5) Change in Registrant's independent public accountant - Not Applicable
(b) Section 906 Certifications are attached
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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iShares Trust
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By: /s/ Jessica Tan
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Jessica Tan, President (Principal Executive Officer)
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Date:
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June 24, 2024
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Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
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By: /s/ Jessica Tan
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Jessica Tan, President (Principal Executive Officer)
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Date:
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June 24, 2024
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Trent Walker, Treasurer and Chief Financial Officer (Principal Financial Officer)
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Date:
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June 24, 2024
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