[SCHEDULE 13G] iShares Trust iShares USD Systematic Bond ETF SEC Filing

Rhea-AI Filing Summary

BlackRock, Inc. reports beneficial ownership of 552,031 shares of the common stock of iShares Trust (CUSIP 46438G562), representing 10.3% of the class. The filing identifies the registrant as organized in Delaware and lists BlackRock's principal office at 50 Hudson Yards, New York, NY. The filing states BlackRock has sole voting and dispositive power over all 552,031 shares and that the holdings are held in the ordinary course of business, not for the purpose of influencing control of the issuer. The report notes that one identified interest exceeding 5% is iShares Nasdaq Top 30 ETF. Exhibits include a power of attorney and Item 7 details.

Positive

• Clear disclosure of beneficial ownership of 552,031 shares, providing transparency to the market
• Material stake of 10.3% is reported, which informs investors about ownership concentration
• Sole voting and dispositive power are explicitly stated, clarifying control over the reported shares
• Filer certifies holdings are in the ordinary course of business and not intended to influence control

Negative

• None.

Insights

Securities Analyst

TL;DR: BlackRock holds a meaningful 10.3% stake with sole voting and dispositive power.

The Schedule 13G discloses a significant passive stake by BlackRock, totaling 552,031 shares or 10.3% of the class, with sole voting and dispositive authority. The filer certifies the position is held in the ordinary course of business and not to influence control, consistent with Schedule 13G treatment. For investors, the disclosure clarifies ownership concentration but provides no operational or strategic intent beyond passive ownership. Materiality derives from the stake size, which could affect liquidity and shareholder votes if positions change.

Corporate Governance Expert

TL;DR: Disclosure signals passive, reportable ownership but no indicated governance action.

The filing follows Schedule 13G conventions showing BlackRock as a passive holder asserting ordinary-course intent. Sole voting and dispositive power are reported, but the certification denies any intent to change control. The disclosure includes an identified >5% interest in related iShares ETF, which is relevant for understanding ultimate economic interests. Absent further filings (e.g., 13D) or attendant agreements, this remains a standard institutional disclosure rather than a governance event.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

iSHARES TRUST

(Name of Issuer)

Common Stock

(Title of Class of Securities)

46438G562

(CUSIP Number)

08/29/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 46438G562

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 552,031.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 552,031.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

552,031.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.3 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: iSHARES TRUST
(b)	Address of issuer's principal executive offices: 400 HOWARD STREET, SAN FRANCISCO, CALIFORNIA, 94105
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 46438G562
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 552,031
(b)	Percent of class: 10.3%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 552,031
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 552,031
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The interest of 1 such person, iShares Nasdaq Top 30 ETF, in the common stock of ISHARES NASDAQ TOP 30 STOCKS CL1 is more than five percent of the total outstanding common stock.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	09/04/2025

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

How many shares of USBF does BlackRock, Inc. report owning?

BlackRock reports beneficial ownership of 552,031 shares, representing 10.3% of the class.

Does BlackRock have voting control over the shares reported in the 13G for USBF?

Yes. The filing states BlackRock has sole voting power and sole dispositive power over the 552,031 shares.

Is BlackRock claiming active intent to influence control of iShares Trust (USBF)?

No. The certification states the securities are held in the ordinary course of business and not to influence control.

What related interest above 5% is disclosed in the filing?

The filing identifies iShares Nasdaq Top 30 ETF as an interest exceeding 5% in related common stock.

Who signed the Schedule 13G on behalf of BlackRock?

The signature block shows Spencer Fleming, Managing Director, signed on 09/04/2025.