NPORT-EX 2 NPORT_941081691136348.htm iShares Russell 1000 Value ETF

Schedule of Investments (unaudited) 

December 31, 2020

   

iShares® Russell 1000 Value ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Aerospace & Defense — 2.2%            

Boeing Co. (The)

     1,363,242     $ 291,815,583  

BWX Technologies Inc.

     87,207       5,256,838  

Curtiss-Wright Corp.

     105,555       12,281,324  

General Dynamics Corp.

     648,823       96,557,839  

HEICO Corp.

     22,121       2,928,820  

HEICO Corp., Class A

     38,825       4,544,854  

Hexcel Corp.

     212,365       10,297,579  

Howmet Aerospace Inc.

     1,005,345       28,692,546  

Huntington Ingalls Industries Inc.

     91,185       15,545,219  

L3Harris Technologies Inc.

     534,170       100,968,813  

Mercury Systems Inc.(a)(b)

    25,867       2,277,848  

Northrop Grumman Corp.

     31,230       9,516,406  

Raytheon Technologies Corp.

     3,640,202       260,310,845  

Spirit AeroSystems Holdings Inc., Class A(b)

    267,286       10,448,210  

Teledyne Technologies Inc.(a)

    93,289       36,567,422  

Textron Inc.(b)

    570,944       27,593,724  

TransDigm Group Inc.(a)

    103,384       63,979,188  

Virgin Galactic Holdings Inc.(a)(b)

    23,094       548,021  
   

 

 

  
        980,131,079  
Air Freight & Logistics — 0.8%            

CH Robinson Worldwide Inc.

     284,635       26,718,687  

Expeditors International of Washington Inc.

     168,645       16,039,826  

FedEx Corp.

     616,921       160,165,030  

United Parcel Service Inc., Class B

     620,988       104,574,379  

XPO Logistics Inc.(a)

    219,773       26,196,942  
   

 

 

  
      333,694,864  
Airlines — 0.5%            

Alaska Air Group Inc.

     305,809       15,902,068  

American Airlines Group Inc.(b)

    1,384,021       21,826,011  

Copa Holdings SA, Class A, NVS

     79,686       6,154,150  

Delta Air Lines Inc.

     1,622,628       65,245,872  

JetBlue Airways Corp.(a)(b)

    809,043       11,763,485  

Southwest Airlines Co.

     1,500,074       69,918,449  

United Airlines Holdings Inc.(a)

    744,538       32,201,269  
   

 

 

  
      223,011,304  
Auto Components — 0.4%            

Aptiv PLC

     681,856       88,839,018  

BorgWarner Inc.

     532,786       20,586,851  

Gentex Corp.

     624,967       21,205,130  

Lear Corp.

     150,087       23,868,336  
   

 

 

  
      154,499,335  
Automobiles — 0.6%            

Ford Motor Co.

     9,927,026       87,258,558  

General Motors Co.

     3,183,456       132,559,108  

Harley-Davidson Inc.(b)

    389,867       14,308,119  

Thor Industries Inc.(b)

    135,175       12,569,923  
   

 

 

  
      246,695,708  
Banks — 7.7%            

Associated Banc-Corp.

     386,121       6,583,363  

Bank of America Corp.

     19,735,418       598,180,520  

Bank of Hawaii Corp.

     100,587       7,706,976  

Bank OZK

     310,964       9,723,844  

BOK Financial Corp.

     79,729       5,459,842  

Citigroup Inc.

     5,315,681       327,764,890  

Citizens Financial Group Inc.

     1,073,979       38,405,489  

Comerica Inc.

     354,488       19,801,700  

Commerce Bancshares Inc.

     269,118       17,681,053  
Security   Shares     Value  
Banks (continued)            

Cullen/Frost Bankers Inc.

     142,573     $ 12,436,643  

East West Bancorp. Inc.

     359,272       18,218,683  

Fifth Third Bancorp.

     1,809,768       49,895,304  

First Citizens BancShares Inc./NC, Class A

     16,500       9,475,455  

First Hawaiian Inc.

     330,062       7,782,862  

First Horizon Corp.

     1,357,537       17,322,172  

First Republic Bank/CA

     439,667       64,600,272  

FNB Corp.

     821,612       7,805,314  

Huntington Bancshares Inc./OH

     2,539,475       32,073,569  

JPMorgan Chase & Co.

     7,726,151       981,762,008  

KeyCorp

     2,471,816       40,562,501  

M&T Bank Corp.

     325,864       41,482,487  

PacWest Bancorp.

     297,217       7,549,312  

People’s United Financial Inc.

     1,077,805       13,936,019  

Pinnacle Financial Partners Inc.

     188,103       12,113,833  

PNC Financial Services Group Inc. (The)

     1,080,770       161,034,730  

Popular Inc.

     211,017       11,884,477  

Prosperity Bancshares Inc.

     227,300       15,765,528  

Regions Financial Corp.

     2,421,621       39,036,530  

Signature Bank/New York NY

     129,418       17,508,961  

Sterling Bancorp./DE

     492,644       8,857,739  

SVB Financial Group(a)

    131,911       51,159,043  

Synovus Financial Corp.

     372,590       12,060,738  

TCF Financial Corp.

     384,493       14,233,931  

Truist Financial Corp.

     3,441,292       164,941,126  

U.S. Bancorp.

     3,463,807       161,378,768  

Umpqua Holdings Corp.

     560,405       8,484,532  

Webster Financial Corp.

     228,276       9,621,833  

Wells Fargo & Co.

     9,587,320       289,345,318  

Western Alliance Bancorp.

     254,686       15,268,426  

Wintrust Financial Corp.

     145,602       8,894,826  

Zions Bancorp NA

     411,410       17,871,650  
   

 

 

  
        3,355,672,267  
Beverages — 1.2%            

Brown-Forman Corp., Class A

     17,158       1,260,598  

Brown-Forman Corp., Class B, NVS

     68,294       5,424,593  

Coca-Cola Co. (The)

     4,077,343       223,601,490  

Constellation Brands Inc., Class A

     406,256       88,990,377  

Keurig Dr Pepper Inc.

     1,127,586       36,082,752  

Molson Coors Beverage Co., Class B

     454,068       20,519,333  

PepsiCo Inc.

     943,834       139,970,582  
   

 

 

  
      515,849,725  
Biotechnology — 1.0%            

AbbVie Inc.

     265,764       28,476,613  

Acceleron Pharma Inc.(a)

    10,349       1,324,051  

Agios Pharmaceuticals Inc.(a)(b)

    141,477       6,130,198  

Alexion Pharmaceuticals Inc.(a)

    457,930       71,546,983  

Alkermes PLC(a)(b)

    402,306       8,026,005  

Biogen Inc.(a)

    272,421       66,705,006  

BioMarin Pharmaceutical Inc.(a)

    42,948       3,766,110  

Bluebird Bio Inc.(a)(b)

    100,592       4,352,616  

Exact Sciences Corp.(a)(b)

    49,743       6,590,450  

Exelixis Inc.(a)

    514,670       10,329,427  

Gilead Sciences Inc.

     3,207,270       186,855,550  

Ionis Pharmaceuticals Inc.(a)(b)

    168,986       9,554,469  

Sage Therapeutics Inc.(a)(b)

    120,826       10,452,657  

United Therapeutics Corp.(a)

    110,491       16,771,429  
   

 

 

  
      430,881,564  
 

 

1

Schedule of Investments (unaudited) (continued)

December 31, 2020

   

iShares® Russell 1000 Value ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Building Products — 0.9%            

A O Smith Corp.

     341,851     $ 18,740,272  

Allegion PLC

     82,269       9,574,466  

Armstrong World Industries Inc.(b)

    76,533       5,693,290  

AZEK Co. Inc. (The)(a)(b)

    151,843       5,838,363  

Carrier Global Corp.

     1,416,825       53,442,639  

Fortune Brands Home & Security Inc.

     346,111       29,668,635  

Johnson Controls International PLC

     1,851,482       86,260,546  

Lennox International Inc.

     86,671       23,745,254  

Masco Corp.

     668,615       36,727,022  

Owens Corning

     272,264       20,626,721  

Trane Technologies PLC

     610,804       88,664,309  
   

 

 

  
        378,981,517  
Capital Markets — 4.3%            

Affiliated Managers Group Inc.

     114,568       11,651,566  

Ameriprise Financial Inc.

     300,389       58,374,594  

Apollo Global Management Inc.

     219,063       10,729,706  

Bank of New York Mellon Corp. (The)

     2,034,082       86,326,440  

BlackRock Inc.(c)

    375,190       270,714,592  

Carlyle Group Inc. (The)

     282,882       8,893,810  

Cboe Global Markets Inc.

     213,405       19,872,274  

Charles Schwab Corp. (The)

     3,511,223       186,235,268  

CME Group Inc.

     906,791       165,081,301  

Eaton Vance Corp., NVS

     282,194       19,169,438  

Evercore Inc., Class A

     100,753       11,046,559  

Franklin Resources Inc.

     690,622       17,258,644  

Goldman Sachs Group Inc. (The)

     844,390       222,674,087  

Interactive Brokers Group Inc., Class A

     191,342       11,656,555  

Intercontinental Exchange Inc.

     914,770       105,463,833  

Invesco Ltd.

     961,020       16,750,579  

KKR & Co. Inc.

     1,383,426       56,014,919  

Lazard Ltd., Class A

     256,975       10,870,042  

LPL Financial Holdings Inc.

     180,150       18,775,233  

Morgan Stanley

     3,397,749       232,847,739  

Morningstar Inc.

     8,719       2,019,059  

Nasdaq Inc.

     291,085       38,638,623  

Northern Trust Corp.

     488,735       45,520,778  

Raymond James Financial Inc.

     308,339       29,498,792  

S&P Global Inc.

     252,678       83,062,839  

SEI Investments Co.

     286,419       16,460,500  

State Street Corp.

     896,065       65,215,611  

T Rowe Price Group Inc.

     429,616       65,039,566  

Tradeweb Markets Inc., Class A

     31,425       1,962,491  

Virtu Financial Inc., Class A

     17,182       432,471  
   

 

 

  
      1,888,257,909  
Chemicals — 3.1%            

Air Products & Chemicals Inc.

     492,656       134,603,472  

Albemarle Corp.

     265,825       39,214,504  

Ashland Global Holdings Inc.

     140,976       11,165,299  

Axalta Coating Systems Ltd.(a)

    536,881       15,327,953  

Cabot Corp.

     141,863       6,366,811  

Celanese Corp.

     296,457       38,521,623  

CF Industries Holdings Inc.

     532,801       20,624,727  

Chemours Co. (The)

     416,226       10,318,243  

Corteva Inc.

     1,909,430       73,933,130  

Dow Inc.

     1,890,227       104,907,599  

DuPont de Nemours Inc.

     1,872,858       133,178,932  

Eastman Chemical Co.

     341,468       34,242,411  

Ecolab Inc.

     508,416       110,000,886  

Element Solutions Inc.

     552,907       9,803,041  
Security   Shares     Value  
Chemicals (continued)            

FMC Corp.

     261,161     $ 30,015,234  

Huntsman Corp.

     510,537       12,834,900  

International Flavors & Fragrances Inc.

     272,084       29,613,623  

Linde PLC

     1,340,829       353,321,850  

LyondellBasell Industries NV, Class A

     652,761       59,832,073  

Mosaic Co. (The)

     880,165       20,252,597  

NewMarket Corp.

     3,932       1,566,076  

Olin Corp.

     363,463       8,926,651  

PPG Industries Inc.

     603,388       87,020,617  

RPM International Inc.

     53,304       4,838,937  

Scotts Miracle-Gro Co. (The)

     6,498       1,294,012  

Valvoline Inc.

     472,367       10,930,572  

Westlake Chemical Corp.

     86,199       7,033,838  

WR Grace & Co.

     91,815       5,033,298  
   

 

 

  
        1,374,722,909  
Commercial Services & Supplies — 0.5%            

ADT Inc.

     394,828       3,099,400  

Cintas Corp.

     25,656       9,068,370  

Clean Harbors Inc.(a)

    130,962       9,966,208  

IAA Inc.(a)

    254,080       16,510,118  

MSA Safety Inc.

     72,042       10,762,354  

Republic Services Inc.

     534,138       51,437,489  

Rollins Inc.

     70,659       2,760,667  

Stericycle Inc.(a)

    232,690       16,132,398  

Waste Management Inc.

     940,534       110,917,175  
   

 

 

  
      230,654,179  
Communications Equipment — 1.5%            

Arista Networks Inc.(a)

    26,569       7,720,154  

Ciena Corp.(a)(b)

    380,699       20,119,942  

Cisco Systems Inc.

     10,836,037       484,912,656  

CommScope Holding Co. Inc.(a)(b)

    494,988       6,632,839  

EchoStar Corp., Class A(a)(b)

    122,478       2,595,309  

F5 Networks Inc.(a)

    155,253       27,315,213  

Juniper Networks Inc.

     838,019       18,863,808  

Lumentum Holdings Inc.(a)(b)

    165,777       15,715,659  

Motorola Solutions Inc.

     391,079       66,506,895  

Ubiquiti Inc.(b)

    2,518       701,288  

ViaSat Inc.(a)(b)

    160,035       5,225,143  
   

 

 

  
      656,308,906  
Construction & Engineering — 0.2%            

AECOM(a)

    380,445       18,938,552  

Jacobs Engineering Group Inc.

     315,192       34,343,320  

Quanta Services Inc.

     277,942       20,017,383  

Valmont Industries Inc.

     53,256       9,316,072  
   

 

 

  
      82,615,327  
Construction Materials — 0.2%            

Eagle Materials Inc.

     104,999       10,641,648  

Martin Marietta Materials Inc.

     158,236       44,934,277  

Vulcan Materials Co.

     336,199       49,861,674  
   

 

 

  
      105,437,599  
Consumer Finance — 1.1%            

Ally Financial Inc.

     939,496       33,502,427  

American Express Co.

     1,666,857       201,539,680  

Capital One Financial Corp.

     1,153,040       113,978,004  

Credit Acceptance Corp.(a)(b)

    24,109       8,345,089  

Discover Financial Services

     779,987       70,612,223  

LendingTree Inc.(a)(b)

    2,680       733,757  

OneMain Holdings Inc.

     165,692       7,979,727  

Santander Consumer USA Holdings Inc.

     172,394       3,796,116  
 

 

2

Schedule of Investments (unaudited) (continued)

December 31, 2020

   

iShares® Russell 1000 Value ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Consumer Finance (continued)            

SLM Corp.

     733,302     $ 9,085,612  

Synchrony Financial

     1,483,357       51,487,322  
   

 

 

  
      501,059,957  
Containers & Packaging — 0.7%        

Amcor PLC

     3,432,346       40,398,713  

AptarGroup Inc.

     160,570       21,980,427  

Ardagh Group SA

     31,161       536,281  

Avery Dennison Corp.

     124,564       19,321,122  

Ball Corp.

     52,016       4,846,851  

Berry Global Group Inc.(a)

    223,454       12,555,880  

Crown Holdings Inc.(a)

    291,871       29,245,474  

Graphic Packaging Holding Co.

     527,378       8,933,783  

International Paper Co.

     1,000,640       49,751,821  

Packaging Corp. of America

     235,488       32,476,150  

Sealed Air Corp.

     396,179       18,141,036  

Silgan Holdings Inc.

     200,311       7,427,532  

Sonoco Products Co.

     255,339       15,128,836  

Westrock Co.

     644,130       28,038,979  
   

 

 

  
        288,782,885  
Distributors — 0.1%            

Genuine Parts Co.

     357,579       35,911,659  

LKQ Corp.(a)

    760,105       26,786,100  
   

 

 

  
      62,697,759  
Diversified Consumer Services — 0.2%        

Bright Horizons Family Solutions Inc.(a)(b)

    44,698       7,732,307  

frontdoor Inc.(a)(b)

    181,389       9,107,542  

Graham Holdings Co., Class B

     10,651       5,681,030  

Grand Canyon Education Inc.(a)(b)

    114,365       10,648,525  

H&R Block Inc.

     146,127       2,317,574  

Service Corp. International

     425,079       20,871,379  

Terminix Global Holdings Inc.(a)

    328,548       16,759,234  
   

 

 

  
      73,117,591  
Diversified Financial Services — 2.7%            

Berkshire Hathaway Inc., Class B(a)

    4,796,993       1,112,278,767  

Equitable Holdings Inc.

     1,019,277       26,083,298  

Jefferies Financial Group Inc.

     548,114       13,483,604  

Voya Financial Inc.

     320,276       18,835,432  
   

 

 

  
      1,170,681,101  
Diversified Telecommunication Services — 2.7%        

AT&T Inc.

     18,194,858       523,284,116  

CenturyLink Inc.

     2,747,176       26,784,966  

Verizon Communications Inc.

     10,571,426       621,071,278  
   

 

 

  
      1,171,140,360  
Electric Utilities — 3.4%            

Alliant Energy Corp.

     635,549       32,749,840  

American Electric Power Co. Inc.

     1,269,096       105,677,624  

Avangrid Inc.

     144,626       6,573,252  

Duke Energy Corp.

     1,876,095       171,775,258  

Edison International

     910,341       57,187,621  

Entergy Corp.

     511,327       51,050,888  

Evergy Inc.

     568,986       31,584,413  

Eversource Energy

     878,273       75,979,397  

Exelon Corp.

     2,488,667       105,071,521  

FirstEnergy Corp.

     1,379,397       42,223,342  

Hawaiian Electric Industries Inc.

     272,425       9,641,121  

IDACORP Inc.

     128,351       12,325,546  

NextEra Energy Inc.

     4,996,523       385,481,749  

NRG Energy Inc.

     404,751       15,198,400  
Security   Shares     Value  
Electric Utilities (continued)            

OGE Energy Corp.

     509,117     $ 16,220,468  

PG&E Corp.(a)(b)

    3,370,265       41,993,502  

Pinnacle West Capital Corp.

     281,423       22,499,769  

PPL Corp.

     1,961,332       55,309,562  

Southern Co. (The)

     2,697,537       165,709,698  

Xcel Energy Inc.

     1,343,091       89,543,877  
   

 

 

  
      1,493,796,848  
Electrical Equipment — 1.0%            

Acuity Brands Inc.(b)

    94,464       11,438,646  

AMETEK Inc.

     583,408       70,557,363  

Array Technologies Inc.(a)(b)

    128,478       5,542,541  

Eaton Corp. PLC

     1,022,411       122,832,457  

Emerson Electric Co.

     1,516,403       121,873,309  

Generac Holdings Inc.(a)(b)

    13,649       3,103,919  

GrafTech International Ltd.

     172,057       1,834,128  

Hubbell Inc.

     137,499       21,558,468  

nVent Electric PLC

     396,056       9,224,144  

Regal Beloit Corp.

     103,141       12,666,746  

Rockwell Automation Inc.

     151,755       38,061,672  

Sensata Technologies Holding PLC(a)

    393,121       20,733,202  
   

 

 

  
        439,426,595  
Electronic Equipment, Instruments & Components — 0.8%  

Amphenol Corp., Class A

     302,478       39,555,048  

Arrow Electronics Inc.(a)

    189,792       18,466,762  

Avnet Inc.

     249,814       8,770,969  

Coherent Inc.(a)(b)

    10,832       1,625,017  

Corning Inc.

     1,908,250       68,697,000  

Dolby Laboratories Inc., Class A

     141,604       13,753,996  

FLIR Systems Inc.

     332,465       14,571,941  

IPG Photonics Corp.(a)

    84,432       18,895,037  

Jabil Inc.

     303,315       12,899,987  

Keysight Technologies Inc.(a)

    316,024       41,743,610  

Littelfuse Inc.(b)

    59,860       15,243,948  

National Instruments Corp.

     328,307       14,425,810  

SYNNEX Corp.

     105,502       8,592,083  

Trimble Inc.(a)

    634,535       42,367,902  

Vontier Corp.(a)

    302,862       10,115,591  

Zebra Technologies Corp., Class A(a)

    10,446       4,014,711  
   

 

 

  
      333,739,412  
Energy Equipment & Services — 0.4%            

Baker Hughes Co.

     1,653,280       34,470,888  

Halliburton Co.

     2,228,634       42,121,183  

Helmerich & Payne Inc.

     266,032       6,161,301  

NOV Inc.

     988,743       13,575,441  

Schlumberger Ltd.

     3,536,143       77,194,002  
   

 

 

  
      173,522,815  
Entertainment — 2.5%            

Activision Blizzard Inc.

     1,181,408       109,693,733  

Electronic Arts Inc.

     628,567       90,262,221  

Liberty Media Corp.-Liberty Formula One, Class A(a)(b)

    63,120       2,397,929  

Liberty Media Corp.-Liberty Formula One, Class C, NVS(a)(b)

    494,780       21,077,628  

Lions Gate Entertainment Corp., Class A(a)(b)

    112,999       1,284,799  

Lions Gate Entertainment Corp., Class B, NVS(a)

    291,505       3,025,822  

Madison Square Garden Entertainment
Corp.(a)(b)

    47,264       4,964,610  

Madison Square Garden Sports Corp.(a)

    47,609       8,764,817  

Take-Two Interactive Software Inc.(a)

    23,591       4,901,974  

Walt Disney Co. (The)(a)

    4,610,298       835,293,792  
 

 

3

Schedule of Investments (unaudited) (continued)

December 31, 2020

   

iShares® Russell 1000 Value ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Entertainment (continued)            

Zynga Inc., Class A(a)

    400,051     $ 3,948,503  
   

 

 

  
        1,085,615,828  
Equity Real Estate Investment Trusts (REITs) — 4.2%  

Alexandria Real Estate Equities Inc.

     340,867       60,749,317  

American Campus Communities Inc.

     348,684       14,913,215  

American Homes 4 Rent, Class A

     694,200       20,826,000  

Americold Realty Trust

     457,891       17,093,071  

Apartment Income REIT Corp.(a)

    383,032       14,712,259  

Apartment Investment and Management Co., Class A

     371,534       1,961,700  

Apple Hospitality REIT Inc.

     534,056       6,894,663  

AvalonBay Communities Inc.

     358,202       57,466,347  

Boston Properties Inc.

     395,881       37,422,631  

Brandywine Realty Trust.

     429,405       5,114,214  

Brixmor Property Group Inc.

     755,036       12,495,846  

Brookfield Property REIT Inc., Class A(b)

    27,605       412,419  

Camden Property Trust

     240,211       24,001,883  

CoreSite Realty Corp.

     33,305       4,172,450  

Corporate Office Properties Trust

     286,209       7,464,331  

Cousins Properties Inc.

     377,264       12,638,344  

Crown Castle International Corp.

     71,044       11,309,494  

CubeSmart

     492,399       16,549,530  

CyrusOne Inc.

     305,856       22,373,366  

Digital Realty Trust Inc.

     711,137       99,210,723  

Douglas Emmett Inc.

     423,909       12,369,665  

Duke Realty Corp.

     937,324       37,464,840  

Empire State Realty Trust Inc., Class A

     328,777       3,064,202  

EPR Properties

     197,957       6,433,602  

Equity Commonwealth

     297,263       8,109,335  

Equity LifeStyle Properties Inc.

     261,574       16,573,329  

Equity Residential

     935,517       55,457,448  

Essex Property Trust Inc.

     165,977       39,406,259  

Extra Space Storage Inc.

     95,209       11,030,915  

Federal Realty Investment Trust

     191,810       16,326,867  

First Industrial Realty Trust Inc.

     331,873       13,981,809  

Gaming and Leisure Properties Inc.

     558,222       23,668,613  

Healthcare Trust of America Inc., Class A(b)

    553,777       15,251,019  

Healthpeak Properties Inc.

     1,372,261       41,483,450  

Highwoods Properties Inc.

     262,154       10,389,163  

Host Hotels & Resorts Inc.

     1,751,905       25,630,370  

Hudson Pacific Properties Inc.

     382,858       9,196,249  

Invitation Homes Inc.

     1,436,379       42,660,456  

Iron Mountain Inc.

     301,749       8,895,561  

JBG SMITH Properties

     310,221       9,700,611  

Kilroy Realty Corp.

     285,800       16,404,920  

Kimco Realty Corp.

     1,052,574       15,799,136  

Lamar Advertising Co., Class A

     218,962       18,222,018  

Life Storage Inc.

     122,924       14,675,896  

Medical Properties Trust Inc.

     1,353,044       29,482,829  

Mid-America Apartment Communities Inc.

     289,757       36,709,314  

National Retail Properties Inc.

     447,139       18,296,928  

Omega Healthcare Investors Inc.

     573,220       20,819,350  

Outfront Media Inc.

     346,147       6,770,635  

Paramount Group Inc.

     482,083       4,358,030  

Park Hotels & Resorts Inc.

     611,159       10,481,377  

Prologis Inc.

     1,879,627       187,323,627  

Public Storage

     131,611       30,392,928  

Rayonier Inc.

     347,526       10,210,314  

Realty Income Corp.

     894,938       55,638,295  

Regency Centers Corp.

     429,445       19,578,398  

Rexford Industrial Realty Inc.

     314,665       15,453,198  
Security   Shares     Value  
Equity Real Estate Investment Trusts (REITs) (continued)  

SBA Communications Corp.

     244,678     $ 69,031,004  

Simon Property Group Inc.

     175,641       14,978,664  

SL Green Realty Corp.

     185,586       11,057,214  

Spirit Realty Capital Inc.

     276,541       11,108,652  

STORE Capital Corp.

     614,231       20,871,569  

Sun Communities Inc.

     269,265       40,914,817  

UDR Inc.

     735,107       28,250,162  

Ventas Inc.

     949,813       46,578,830  

VEREIT Inc.

     549,098       20,750,413  

VICI Properties Inc.

     1,368,081       34,886,065  

Vornado Realty Trust

     447,270       16,701,062  

Weingarten Realty Investors

     308,989       6,695,792  

Welltower Inc.

     1,064,296       68,774,807  

Weyerhaeuser Co.

     1,901,019       63,741,167  

WP Carey Inc.

     443,006       31,267,363  
   

 

 

  
        1,851,100,340  
Food & Staples Retailing — 1.7%        

Albertsons Companies Inc., Class A(a)(b)

    73,136       1,285,731  

Casey’s General Stores Inc.

     91,500       16,343,730  

Costco Wholesale Corp.

     131,739       49,636,620  

Grocery Outlet Holding Corp.(a)(b)

    93,825       3,682,631  

Kroger Co. (The)

     1,982,326       62,958,674  

Sprouts Farmers Market Inc.(a)

    47,017       945,042  

Sysco Corp.

     350,512       26,029,021  

U.S. Foods Holding Corp.(a)(b)

    559,786       18,646,472  

Walgreens Boots Alliance Inc.

     1,843,781       73,529,986  

Walmart Inc.

     3,555,768       512,563,957  
   

 

 

  
      765,621,864  
Food Products — 1.8%            

Archer-Daniels-Midland Co.

     1,417,638       71,463,131  

Beyond Meat Inc.(a)(b)

    29,592       3,699,000  

Bunge Ltd.

     350,507       22,986,249  

Campbell Soup Co.

     249,354       12,056,266  

Conagra Brands Inc.

     1,240,432       44,978,064  

Flowers Foods Inc.

     496,471       11,235,139  

General Mills Inc.

     1,552,102       91,263,597  

Hain Celestial Group Inc. (The)(a)

    218,434       8,770,125  

Hershey Co. (The)

     85,612       13,041,276  

Hormel Foods Corp.

     710,275       33,105,918  

Ingredion Inc.

     171,181       13,466,809  

JM Smucker Co. (The)

     281,051       32,489,496  

Kellogg Co.

     415,993       25,887,244  

Kraft Heinz Co. (The)

     1,648,262       57,128,761  

Lamb Weston Holdings Inc.

     281,182       22,140,271  

McCormick & Co. Inc./MD, NVS

     274,300       26,223,080  

Mondelez International Inc., Class A

     3,605,977       210,841,475  

Pilgrim’s Pride Corp.(a)

    104,782       2,054,775  

Post Holdings Inc.(a)(b)

    162,265       16,390,388  

Seaboard Corp.

     744       2,255,064  

TreeHouse Foods Inc.(a)(b)

    137,287       5,833,325  

Tyson Foods Inc., Class A

     731,697       47,150,555  
   

 

 

  
      774,460,008  
Gas Utilities — 0.1%            

Atmos Energy Corp.

     317,440       30,293,299  

National Fuel Gas Co.

     221,196       9,097,791  

UGI Corp.

     518,078       18,112,007  
   

 

 

  
      57,503,097  
Health Care Equipment & Supplies — 4.3%  

Abbott Laboratories

     2,718,660       297,666,083  
 

 

4

Schedule of Investments (unaudited) (continued)

December 31, 2020

   

iShares® Russell 1000 Value ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Health Care Equipment & Supplies (continued)  

Baxter International Inc.

     753,630     $ 60,471,271  

Becton Dickinson and Co.

     704,766       176,346,549  

Boston Scientific Corp.(a)

    3,651,244       131,262,222  

Cooper Companies Inc. (The)

     108,935       39,578,264  

Danaher Corp.

     1,598,006       354,981,053  

DENTSPLY SIRONA Inc.

     549,163       28,754,175  

Envista Holdings Corp.(a)(b)

    406,480       13,710,570  

Globus Medical Inc., Class A(a)

    195,444       12,746,858  

Haemonetics Corp.(a)

    8,373       994,294  

Hill-Rom Holdings Inc.

     149,855       14,681,294  

Hologic Inc.(a)

    197,503       14,384,144  

ICU Medical Inc.(a)

    34,248       7,345,854  

Integra LifeSciences Holdings Corp.(a)(b)

    181,707       11,796,419  

Medtronic PLC

       3,423,609       401,041,558  

STERIS PLC

     202,663       38,412,745  

Stryker Corp.

     596,804       146,240,852  

Tandem Diabetes Care Inc.(a)

    16,433       1,572,309  

Teleflex Inc.

     43,212       17,784,763  

Varian Medical Systems Inc.(a)

    201,641       35,289,191  

Zimmer Biomet Holdings Inc.(b)

    527,258       81,245,185  
   

 

 

  
      1,886,305,653  
Health Care Providers & Services — 2.5%        

Acadia Healthcare Co. Inc.(a)(b)

    223,960       11,256,230  

AmerisourceBergen Corp.

     193,131       18,880,486  

Anthem Inc.

     471,566       151,415,127  

Centene Corp.(a)

    1,031,469       61,919,084  

Cigna Corp.

     659,533       137,301,580  

CVS Health Corp.

     3,332,536       227,612,209  

DaVita Inc.(a)(b)

    161,602       18,972,075  

Encompass Health Corp.

     141,222       11,677,647  

HCA Healthcare Inc.

     327,101       53,795,030  

Henry Schein Inc.(a)

    357,265       23,886,738  

Humana Inc.

     208,318       85,466,626  

Laboratory Corp. of America Holdings(a)

    233,113       47,450,151  

McKesson Corp.

     104,915       18,246,817  

Molina Healthcare Inc.(a)

    47,060       10,008,721  

Oak Street Health Inc.(a)

    28,062       1,716,272  

Premier Inc., Class A

     309,445       10,861,519  

Quest Diagnostics Inc.

     340,153       40,536,033  

UnitedHealth Group Inc.

     405,409       142,168,828  

Universal Health Services Inc., Class B

     187,590       25,793,625  
   

 

 

  
      1,098,964,798  
Health Care Technology — 0.0%            

American Well Corp., Class A(a)

    34,947       885,208  

Change Healthcare Inc.(a)

    163,874       3,056,250  

Teladoc Health Inc.(a)(b)

    18,145       3,628,274  
   

 

 

  
      7,569,732  
Hotels, Restaurants & Leisure — 2.5%            

Aramark

     570,277       21,944,259  

Carnival Corp.

     1,233,039       26,707,625  

Choice Hotels International Inc.(b)

    88,710       9,468,018  

Darden Restaurants Inc.

     327,934       39,063,498  

Extended Stay America Inc.

     450,818       6,676,615  

Hilton Worldwide Holdings Inc.

     694,664       77,288,317  

Hyatt Hotels Corp., Class A

     89,118       6,617,011  

Las Vegas Sands Corp.

     477,777       28,475,509  

Marriott International Inc./MD, Class A

     684,197       90,259,268  

McDonald’s Corp.

     1,628,589       349,462,628  

MGM Resorts International(b)

    1,185,831       37,365,535  
Security   Shares     Value  
Hotels, Restaurants & Leisure (continued)  

Norwegian Cruise Line Holdings Ltd.(a)(b)

    786,601     $ 20,003,263  

Planet Fitness Inc., Class A(a)

    94,116       7,306,225  

Royal Caribbean Cruises Ltd.

     467,139       34,890,612  

Six Flags Entertainment Corp.

     194,400       6,629,040  

Starbucks Corp.

     1,260,348       134,832,029  

Vail Resorts Inc.(b)

    92,258       25,736,292  

Wyndham Destinations Inc.

     213,902       9,595,644  

Wyndham Hotels & Resorts Inc.

     233,501       13,879,299  

Wynn Resorts Ltd.

     187,750       21,183,832  

Yum China Holdings Inc.

     954,795       54,509,247  

Yum! Brands Inc.

     713,526       77,460,383  
   

 

 

  
        1,099,354,149  
Household Durables — 0.7%            

DR Horton Inc.

     841,199       57,975,435  

Garmin Ltd.

     380,469       45,526,920  

Leggett & Platt Inc.

     336,249       14,895,831  

Lennar Corp., Class A

     688,562       52,489,081  

Lennar Corp., Class B

     39,899       2,441,819  

Mohawk Industries Inc.(a)(b)

    148,007       20,861,587  

Newell Brands Inc.

     957,377       20,325,114  

NVR Inc.(a)

    7,729       31,533,238  

PulteGroup Inc.

     671,425       28,951,846  

Tempur Sealy International Inc.(a)

    124,788       3,369,276  

Toll Brothers Inc.

     295,047       12,825,693  

Whirlpool Corp.

     155,364       28,041,648  
   

 

 

  
      319,237,488  
Household Products — 1.8%            

Clorox Co. (The)

     91,623       18,500,516  

Colgate-Palmolive Co.

     2,152,258       184,039,582  

Energizer Holdings Inc.

     32,523       1,371,820  

Kimberly-Clark Corp.

     867,946       117,025,159  

Procter & Gamble Co. (The)

     3,439,027       478,506,217  

Reynolds Consumer Products Inc.

     81,917       2,460,787  

Spectrum Brands Holdings Inc.

     108,131       8,540,186  
   

 

 

  
      810,444,267  
Independent Power and Renewable Electricity Producers — 0.1%  

AES Corp. (The)

     1,665,613       39,141,906  

Vistra Corp.

     1,219,658       23,978,476  
   

 

 

  
      63,120,382  
Industrial Conglomerates — 1.9%            

3M Co.

     489,249       85,515,833  

Carlisle Companies Inc.

     133,645       20,872,676  

General Electric Co.

     22,152,730       239,249,484  

Honeywell International Inc.

     1,792,146       381,189,454  

Roper Technologies Inc.

     228,572       98,535,103  
   

 

 

  
      825,362,550  
Insurance — 3.5%            

Aflac Inc.

     1,770,684       78,742,317  

Alleghany Corp.

     31,647       19,104,977  

Allstate Corp. (The)

     773,076       84,984,245  

American Financial Group Inc./OH

     178,060       15,601,617  

American International Group Inc.

     2,195,249       83,112,127  

American National Group Inc.

     15,343       1,474,769  

Arch Capital Group Ltd.(a)

    992,596       35,802,938  

Arthur J Gallagher & Co.

     486,025       60,126,153  

Assurant Inc.

     148,791       20,268,310  

Assured Guaranty Ltd.

     189,653       5,972,173  

Athene Holding Ltd., Class A(a)

    284,220       12,261,251  

Axis Capital Holdings Ltd.

     192,570       9,703,602  
 

 

5

Schedule of Investments (unaudited) (continued)

December 31, 2020

   

iShares® Russell 1000 Value ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Insurance (continued)            

Brighthouse Financial Inc.(a)

    223,907     $ 8,106,553  

Brown & Brown Inc.

     559,575       26,529,451  

Chubb Ltd.

     1,145,630       176,335,370  

Cincinnati Financial Corp.

     380,823       33,272,505  

CNA Financial Corp.

     71,437       2,783,186  

Erie Indemnity Co., Class A, NVS(b)

    27,303       6,705,617  

Everest Re Group Ltd.

     100,209       23,457,925  

Fidelity National Financial Inc.

     699,469       27,342,243  

First American Financial Corp.

     276,415       14,271,306  

Globe Life Inc.

     262,484       24,925,481  

GoHealth Inc., Class A(a)(b)

    96,169       1,313,669  

Hanover Insurance Group Inc. (The)

     92,761       10,845,616  

Hartford Financial Services Group Inc. (The)

     909,795       44,561,759  

Kemper Corp.

     161,822       12,432,784  

Lemonade Inc.(a)(b)

    32,487       3,979,657  

Lincoln National Corp.

     421,394       21,200,332  

Loews Corp.

     595,416       26,805,628  

Markel Corp.(a)

    34,704       35,859,643  

Marsh & McLennan Companies Inc.

     287,584       33,647,328  

Mercury General Corp.

     69,632       3,635,487  

MetLife Inc.

     1,959,534       92,000,121  

Old Republic International Corp.

     721,080       14,212,487  

Primerica Inc.

     35,228       4,718,086  

Principal Financial Group Inc.

     683,431       33,905,012  

Progressive Corp. (The)

     1,064,476       105,255,387  

Prudential Financial Inc.

     1,007,504       78,655,837  

Reinsurance Group of America Inc.

     169,083       19,596,720  

RenaissanceRe Holdings Ltd.

     85,249       14,135,989  

Travelers Companies Inc. (The)

     643,829       90,374,277  

Unum Group

     518,206       11,887,646  

White Mountains Insurance Group Ltd.(b)

    8,040       8,045,306  

Willis Towers Watson PLC

     327,456       68,988,430  

WR Berkley Corp.

     354,756       23,562,894  
   

 

 

  
        1,530,504,211  
Interactive Media & Services — 1.8%            

Alphabet Inc., Class A(a)

    171,455       300,498,891  

Alphabet Inc., Class C, NVS(a)

    166,086       290,962,742  

Pinterest Inc., Class A(a)

    174,060       11,470,554  

TripAdvisor Inc.(a)

    256,181       7,372,889  

Twitter Inc.(a)

    1,985,119       107,494,194  

Zillow Group Inc., Class A(a)

    133,478       18,144,999  

Zillow Group Inc., Class C, NVS(a)(b)

    327,996       42,573,881  
   

 

 

  
      778,518,150  
Internet & Direct Marketing Retail — 0.2%  

eBay Inc.

     138,480       6,958,620  

Expedia Group Inc.

     302,673       40,073,905  

Grubhub Inc.(a)

    211,836       15,733,060  

Qurate Retail Inc., Series A

     970,158       10,642,633  

Wayfair Inc., Class A(a)(b)

    16,249       3,669,187  
   

 

 

  
      77,077,405  
IT Services — 2.7%            

Akamai Technologies Inc.(a)

    71,668       7,524,423  

Alliance Data Systems Corp.

     119,397       8,847,318  

Amdocs Ltd.

     331,826       23,536,418  

Automatic Data Processing Inc.

     151,196       26,640,735  

BigCommerce Holdings Inc., Series 1(a)(b)

    10,673       684,673  

CACI International Inc., Class A(a)

    52,978       13,209,005  

Cognizant Technology Solutions Corp., Class A

     1,264,732       103,644,787  

Concentrix Corp.(a)

    105,502       10,413,047  
Security   Shares     Value  
IT Services (continued)            

DXC Technology Co.

     646,329     $ 16,642,972  

Euronet Worldwide Inc.(a)

    128,099       18,564,107  

Fidelity National Information Services Inc.

     1,576,657       223,033,899  

Fiserv Inc.(a)

    1,031,670       117,465,946  

Genpact Ltd.

     292,316       12,090,190  

Global Payments Inc.

     758,613       163,420,412  

International Business Machines Corp.

     2,268,470       285,555,004  

Jack Henry & Associates Inc.

     39,599       6,414,642  

Leidos Holdings Inc.

     305,491       32,113,214  

Paychex Inc.

     167,340       15,592,741  

Sabre Corp.

     808,158       9,714,059  

Science Applications International Corp.

     128,742       12,184,143  

Twilio Inc., Class A(a)(b)

    59,880       20,269,380  

VeriSign Inc.(a)

    104,250       22,559,700  

Western Union Co. (The)

     842,237       18,478,680  

WEX Inc.(a)(b)

    103,450       21,055,179  
   

 

 

  
        1,189,654,674  
Leisure Products — 0.3%            

Brunswick Corp./DE

     200,872       15,314,481  

Hasbro Inc.

     319,831       29,916,992  

Mattel Inc.(a)

    336,628       5,874,159  

Peloton Interactive Inc., Class A(a)

    489,659       74,291,063  

Polaris Inc.

     132,924       12,664,999  
   

 

 

  
      138,061,694  
Life Sciences Tools & Services — 1.1%            

Agilent Technologies Inc.

     719,819       85,291,353  

Berkeley Lights Inc.(a)(b)

    14,243       1,273,467  

Bio-Rad Laboratories Inc., Class A(a)

    53,654       31,277,063  

Bio-Techne Corp.

     5,844       1,855,762  

Bruker Corp.

     151,465       8,198,800  

Charles River Laboratories International
Inc.(a)

    14,107       3,524,775  

IQVIA Holdings Inc.(a)

    300,574       53,853,844  

Mettler-Toledo International Inc.(a)

    3,394       3,868,074  

PerkinElmer Inc.

     225,729       32,392,111  

PPD Inc.(a)

    62,787       2,148,571  

PRA Health Sciences Inc.(a)

    24,083       3,020,972  

QIAGEN NV(a)(b)

    564,608       29,839,533  

Syneos Health Inc.(a)

    170,812       11,637,422  

Thermo Fisher Scientific Inc.

     416,600       194,043,948  

Waters Corp.(a)

    142,825       35,337,761  
   

 

 

  
      497,563,456  
Machinery — 3.2%            

AGCO Corp.

     153,170       15,790,295  

Allison Transmission Holdings Inc.

     101,156       4,362,858  

Caterpillar Inc.

     1,380,268       251,236,381  

Colfax Corp.(a)(b)

    252,313       9,648,449  

Crane Co.

     123,876       9,620,210  

Cummins Inc.

     377,042       85,626,238  

Deere & Co.

     720,077       193,736,717  

Donaldson Co. Inc.

     290,110       16,211,347  

Dover Corp.

     365,660       46,164,575  

Flowserve Corp.

     331,635       12,220,750  

Fortive Corp.

     757,080       53,616,406  

Gates Industrial Corp. PLC(a)

    135,458       1,728,444  

Graco Inc.

     210,512       15,230,543  

IDEX Corp.

     191,688       38,184,250  

Illinois Tool Works Inc.

     448,659       91,472,597  

Ingersoll Rand Inc.(a)

    881,561       40,163,919  

ITT Inc.

     220,125       16,954,027  
 

 

6

Schedule of Investments (unaudited) (continued)

December 31, 2020

   

iShares® Russell 1000 Value ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Machinery (continued)            

Lincoln Electric Holdings Inc.

     83,466     $ 9,702,922  

Middleby Corp. (The)(a)(b)

    137,124       17,678,026  

Nordson Corp.

     26,718       5,368,982  

Oshkosh Corp.

     172,622       14,857,576  

Otis Worldwide Corp.

     1,044,858       70,580,158  

PACCAR Inc.

     867,610       74,857,391  

Parker-Hannifin Corp.

     325,936       88,788,226  

Pentair PLC

     412,463       21,897,661  

Snap-on Inc.

     136,962       23,439,677  

Stanley Black & Decker Inc.

     392,444       70,074,801  

Timken Co. (The)

     161,320       12,479,715  

Toro Co. (The)

     26,888       2,550,058  

Trinity Industries Inc.

     214,253       5,654,137  

Westinghouse Air Brake Technologies Corp.

     460,504       33,708,893  

Woodward Inc.

     141,746       17,226,391  

Xylem Inc./NY

     455,141       46,328,802  
   

 

 

  
        1,417,161,422  
Marine — 0.0%            

Kirby Corp.(a)

    151,954       7,875,776  
   

 

 

  
Media — 2.3%            

Charter Communications Inc., Class A(a)

    35,822       23,698,044  

Comcast Corp., Class A

     11,561,523       605,823,805  

Discovery Inc., Class A(a)(b)

    397,696       11,966,673  

Discovery Inc., Class C, NVS(a)

    789,708       20,682,453  

DISH Network Corp., Class A(a)(b)

    612,684       19,814,201  

Fox Corp., Class A, NVS

     849,372       24,733,713  

Fox Corp., Class B(a)

    392,536       11,336,440  

Interpublic Group of Companies Inc. (The)

     972,203       22,866,215  

John Wiley & Sons Inc., Class A

     109,891       5,017,623  

Liberty Broadband Corp., Class A(a)(b)

    63,114       9,945,504  

Liberty Broadband Corp., Class C, NVS(a)

    406,804       64,425,549  

Liberty Media Corp.-Liberty SiriusXM, Class A(a)(b)

    186,870       8,070,915  

Liberty Media Corp.-Liberty SiriusXM, Class C, NVS(a)

    390,879       17,007,145  

New York Times Co. (The), Class A

     406,347       21,036,584  

News Corp., Class A, NVS

     988,764       17,768,089  

News Corp., Class B

     308,972       5,490,432  

Nexstar Media Group Inc., Class A

     32,965       3,599,448  

Omnicom Group Inc.

     535,191       33,379,863  

Sirius XM Holdings Inc.(b)

    1,128,051       7,185,685  

ViacomCBS Inc., Class A

     27,344       1,034,150  

ViacomCBS Inc., Class B, NVS

     1,380,655       51,443,205  
   

 

 

  
      986,325,736  
Metals & Mining — 0.7%            

Freeport-McMoRan Inc.

     3,691,005       96,039,950  

Newmont Corp.

     2,051,627       122,871,941  

Nucor Corp.

     766,648       40,778,007  

Reliance Steel & Aluminum Co.

     161,543       19,344,774  

Royal Gold Inc.

     47,288       5,029,552  

Southern Copper Corp.

     210,347       13,697,797  

Steel Dynamics Inc.

     516,746       19,052,425  
   

 

 

  
      316,814,446  
Mortgage Real Estate Investment — 0.2%  

AGNC Investment Corp.

     1,385,457       21,613,129  

Annaly Capital Management Inc.

     3,571,632       30,180,291  

New Residential Investment Corp.

     1,056,020       10,496,839  

Starwood Property Trust Inc.

     696,581       13,444,013  
   

 

 

  
      75,734,272  
Security   Shares     Value  
Multi-Utilities — 1.5%            

Ameren Corp.

     626,740     $ 48,923,324  

CenterPoint Energy Inc.

     1,264,134       27,355,860  

CMS Energy Corp.

     726,881       44,347,010  

Consolidated Edison Inc.

     857,724       61,987,714  

Dominion Energy Inc.

     2,077,930       156,260,336  

DTE Energy Co.

     488,857       59,352,128  

MDU Resources Group Inc.

     507,959       13,379,640  

NiSource Inc.

     956,656       21,945,689  

Public Service Enterprise Group Inc.

     1,292,135       75,331,471  

Sempra Energy

     740,806       94,386,092  

WEC Energy Group Inc.

     807,771       74,339,165  
   

 

 

  
        677,608,429  
Multiline Retail — 0.7%            

Dollar Tree Inc.(a)

    308,653       33,346,870  

Kohl’s Corp.

     405,990       16,519,733  

Nordstrom Inc.

     277,988       8,676,005  

Ollie’s Bargain Outlet Holdings Inc.(a)(b)

    20,756       1,697,218  

Target Corp.

     1,276,222       225,291,470  
   

 

 

  
      285,531,296  
Oil, Gas & Consumable Fuels — 3.9%            

Antero Midstream Corp.

     681,829       5,256,901  

Apache Corp.

     962,269       13,654,597  

Cabot Oil & Gas Corp.

     999,282       16,268,311  

Chevron Corp.

     4,915,457       415,110,344  

Cimarex Energy Co.

     255,963       9,601,172  

Concho Resources Inc.

     490,540       28,623,009  

ConocoPhillips

     2,737,479       109,471,785  

Continental Resources Inc./OK(b)

    190,657       3,107,709  

Devon Energy Corp.

     973,149       15,385,486  

Diamondback Energy Inc.

     392,585       19,001,114  

EOG Resources Inc.

     1,483,218       73,968,082  

EQT Corp.

     700,448       8,902,694  

Equitrans Midstream Corp.

     944,119       7,590,717  

Exxon Mobil Corp.

     10,800,314       445,188,943  

Hess Corp.

     698,784       36,888,807  

HollyFrontier Corp.

     380,373       9,832,642  

Kinder Morgan Inc./DE

     4,953,767       67,717,995  

Marathon Oil Corp.

     2,008,112       13,394,107  

Marathon Petroleum Corp.

     1,647,388       68,135,968  

Murphy Oil Corp.

     370,597       4,484,224  

Occidental Petroleum Corp.

     2,117,372       36,651,709  

ONEOK Inc.

     1,128,838       43,324,802  

Parsley Energy Inc., Class A

     767,155       10,893,601  

Phillips 66

     1,111,084       77,709,215  

Pioneer Natural Resources Co.

     417,765       47,579,256  

Targa Resources Corp.

     571,570       15,078,017  

Valero Energy Corp.

     1,037,755       58,705,800  

Williams Companies Inc. (The)

     3,094,817       62,051,081  

WPX Energy Inc.(a)

    1,024,765       8,351,835  
   

 

 

  
      1,731,929,923  
Personal Products — 0.1%            

Coty Inc., Class A

     734,154       5,153,761  

Estee Lauder Companies Inc. (The), Class A

     59,802       15,918,694  

Herbalife Nutrition Ltd.(a)

    190,276       9,142,762  

Nu Skin Enterprises Inc., Class A

     122,233       6,677,589  
   

 

 

  
      36,892,806  
Pharmaceuticals — 4.4%            

Bristol-Myers Squibb Co.

     3,682,488       228,424,731  

Catalent Inc.(a)

    415,767       43,268,872  
 

 

7

Schedule of Investments (unaudited) (continued)

December 31, 2020

   

iShares® Russell 1000 Value ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Pharmaceuticals (continued)            

Elanco Animal Health Inc.(a)

    1,143,739     $ 35,078,475  

Horizon Therapeutics PLC(a)(b)

    40,746       2,980,570  

Jazz Pharmaceuticals PLC(a)(b)

    137,616       22,713,521  

Johnson & Johnson

     5,825,018       916,741,333  

Merck & Co. Inc.

     811,284       66,363,031  

Nektar Therapeutics(a)(b)

    421,900       7,172,300  

Perrigo Co. PLC

     348,042       15,564,438  

Pfizer Inc.

     14,189,332       522,309,311  

Reata Pharmaceuticals Inc., Class A(a)(b)

    6,345       784,369  

Royalty Pharma PLC, Class A

     160,132       8,014,606  

Viatris Inc.(a)

    3,091,911       57,942,412  

Zoetis Inc.

     115,311       19,083,970  
   

 

 

  
        1,946,441,939  
Professional Services — 0.3%            

CoreLogic Inc.

     186,092       14,388,633  

Dun & Bradstreet Holdings Inc.(a)(b)

    111,664       2,780,434  

Equifax Inc.

     79,406       15,312,653  

FTI Consulting Inc.(a)

    88,876       9,929,227  

IHS Markit Ltd.

     459,806       41,304,373  

ManpowerGroup Inc.

     147,556       13,306,600  

Nielsen Holdings PLC

     908,267       18,955,532  

Robert Half International Inc.

     284,376       17,767,812  

TransUnion

     43,216       4,287,892  
   

 

 

  
      138,033,156  
Real Estate Management & Development — 0.2%  

CBRE Group Inc., Class A(a)

    848,851       53,239,935  

Howard Hughes Corp. (The)(a)

    99,179       7,828,198  

Jones Lang LaSalle Inc.(b)

    131,053       19,444,334  
   

 

 

  
      80,512,467  
Road & Rail — 1.6%            

AMERCO

     21,870       9,928,105  

CSX Corp.

     1,943,664       176,387,508  

JB Hunt Transport Services Inc.

     155,908       21,304,828  

Kansas City Southern

     237,746       48,531,091  

Knight-Swift Transportation Holdings Inc.

     318,674       13,326,947  

Landstar System Inc.

     18,332       2,468,587  

Lyft Inc., Class A(a)(b)

    628,479       30,877,173  

Norfolk Southern Corp.

     652,266       154,984,924  

Old Dominion Freight Line Inc.

     34,178       6,670,862  

Ryder System Inc.

     133,602       8,251,260  

Schneider National Inc., Class B

     150,088       3,106,822  

Uber Technologies Inc.(a)

    816,019       41,616,969  

Union Pacific Corp.

     849,967       176,980,129  
   

 

 

  
      694,435,205  
Semiconductors & Semiconductor Equipment — 3.3%  

Advanced Micro Devices Inc.(a)

    213,700       19,598,427  

Allegro MicroSystems Inc.(a)(b)

    43,108       1,149,259  

Analog Devices Inc.

     823,919       121,717,554  

Broadcom Inc.

     53,179       23,284,425  

Cirrus Logic Inc.(a)(b)

    143,425       11,789,535  

Cree Inc.(a)

    280,954       29,753,029  

Entegris Inc.

     21,689       2,084,313  

First Solar Inc.(a)(b)

    233,931       23,140,455  

Intel Corp.

     10,461,573       521,195,567  

Marvell Technology Group Ltd.

     1,696,225       80,638,536  

Maxim Integrated Products Inc.

     451,282       40,006,149  

Microchip Technology Inc.

     159,020       21,962,252  

Micron Technology Inc.(a)(b)

    2,834,589       213,104,401  

MKS Instruments Inc.

     34,219       5,148,249  
Security   Shares     Value  
Semiconductors & Semiconductor Equipment (continued)  

ON Semiconductor Corp.(a)(b)

    1,020,214     $ 33,391,604  

Qorvo Inc.(a)

    292,209       48,585,590  

Skyworks Solutions Inc.

     424,395       64,881,508  

Texas Instruments Inc.

     1,177,067       193,192,007  
   

 

 

  
        1,454,622,860  
Software — 0.8%            

2U Inc.(a)(b)

    128,807       5,153,568  

Aspen Technology Inc.(a)

    11,784       1,534,866  

Autodesk Inc.(a)

    186,601       56,976,749  

CDK Global Inc.

     270,880       14,039,710  

Ceridian HCM Holding Inc.(a)

    87,111       9,282,548  

Citrix Systems Inc.

     228,427       29,718,353  

Crowdstrike Holdings Inc., Class A(a)(b)

    104,109       22,052,368  

Datto Holding Corp.(a)

    30,891       834,057  

Duck Creek Technologies Inc.(a)

    18,749       811,832  

FireEye Inc.(a)

    462,017       10,654,112  

Guidewire Software Inc.(a)(b)

    175,005       22,528,394  

Jamf Holding Corp.(a)(b)

    40,103       1,199,882  

JFrog Ltd.(a)

    6,840       429,757  

Manhattan Associates Inc.(a)(b)

    17,522       1,842,964  

McAfee Corp., Class A

     48,079       802,438  

nCino Inc.(a)(b)

    6,239       451,766  

Nuance Communications Inc.(a)(b)

    706,619       31,154,832  

Oracle Corp.

     576,608       37,300,772  

Pegasystems Inc.(b)

    10,314       1,374,444  

RealPage Inc.(a)(b)

    28,046       2,446,733  

salesforce.com Inc.(a)

    163,193       36,315,338  

SolarWinds Corp.(a)(b)

    118,435       1,770,603  

SS&C Technologies Holdings Inc.

     447,127       32,528,489  

Synopsys Inc.(a)(b)

    29,136       7,553,217  

Teradata Corp.(a)(b)

    65,435       1,470,324  

Unity Software Inc.(a)(b)

    12,482       1,915,613  
   

 

 

  
      332,143,729  
Specialty Retail — 1.6%            

Advance Auto Parts Inc.

     166,462       26,219,430  

AutoNation Inc.(a)(b)

    149,825       10,456,287  

AutoZone Inc.(a)

    24,515       29,061,062  

Best Buy Co. Inc.

     475,691       47,469,205  

Burlington Stores Inc.(a)(b)

    17,661       4,619,234  

CarMax Inc.(a)(b)

    382,931       36,171,662  

Dick’s Sporting Goods Inc.

     156,927       8,820,867  

Foot Locker Inc.

     263,622       10,660,874  

Gap Inc. (The)

     464,959       9,387,522  

Home Depot Inc. (The)

     1,371,003       364,165,817  

L Brands Inc.

     575,720       21,411,027  

Leslie’s Inc.(a)(b)

    73,757       2,046,757  

Penske Automotive Group Inc.

     81,262       4,826,150  

Ross Stores Inc.

     166,548       20,453,760  

Tiffany & Co.

     308,156       40,507,106  

TJX Companies Inc. (The)

     580,104       39,615,302  

Ulta Beauty Inc.(a)(b)

    8,224       2,361,604  

Vroom Inc.(a)(b)

    14,024       574,563  

Williams-Sonoma Inc.

     160,203       16,315,073  
   

 

 

  
      695,143,302  
Technology Hardware, Storage & Peripherals — 0.6%  

Dell Technologies Inc., Class C(a)

    618,424       45,324,295  

Hewlett Packard Enterprise Co.

     3,282,759       38,900,694  

HP Inc.

     3,500,970       86,088,852  

NCR Corp.(a)

    323,748       12,163,213  
 

 

8

Schedule of Investments (unaudited) (continued)

December 31, 2020

   

iShares® Russell 1000 Value ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Technology Hardware, Storage & Peripherals (continued)  

NetApp Inc.

     258,344     $ 17,112,707  

Pure Storage Inc., Class A(a)(b)

    262,835       5,942,699  

Western Digital Corp.

     775,221       42,939,491  

Xerox Holdings Corp.

     428,786       9,943,547  
   

 

 

  
        258,415,498  
Textiles, Apparel & Luxury Goods — 0.4%  

Capri Holdings Ltd.(a)

    361,497       15,182,874  

Carter’s Inc.

     109,155       10,268,211  

Columbia Sportswear Co.

     73,202       6,396,391  

Hanesbrands Inc.

     883,712       12,884,521  

PVH Corp.

     179,010       16,807,249  

Ralph Lauren Corp.

     121,920       12,647,981  

Skechers U.S.A. Inc., Class A(a)

    340,786       12,247,849  

Tapestry Inc.

     690,236       21,452,535  

Under Armour Inc., Class A(a)(b)

    479,872       8,239,402  

Under Armour Inc., Class C, NVS(a)(b)

    515,187       7,665,982  

VF Corp.

     777,652       66,419,257  
   

 

 

  
      190,212,252  
Thrifts & Mortgage Finance — 0.1%  

MGIC Investment Corp.

     860,533       10,799,689  

New York Community Bancorp. Inc.

     1,146,313       12,093,602  

Rocket Companies Inc., Class A(a)(b)

    164,703       3,330,295  

TFS Financial Corp.

     137,649       2,426,752  
   

 

 

  
      28,650,338  
Tobacco — 1.0%            

Altria Group Inc.

     2,673,589       109,617,149  

Philip Morris International Inc.

     3,972,114       328,851,318  
   

 

 

  
      438,468,467  
Trading Companies & Distributors — 0.3%  

Air Lease Corp.

     271,259       12,049,325  

Fastenal Co.

     275,933       13,473,808  

MSC Industrial Direct Co. Inc., Class A

     113,937       9,615,144  

United Rentals Inc.(a)(b)

    183,326       42,515,133  

Univar Solutions Inc.(a)

    424,901       8,077,368  

Watsco Inc.

     81,148       18,384,079  

WW Grainger Inc.

     29,242       11,940,678  
   

 

 

  
      116,055,535  
Security   Shares     Value  

 

  
Transportation Infrastructure — 0.0%            

Macquarie Infrastructure Corp.

     187,057     $ 7,023,990  
   

 

 

  
Water Utilities — 0.2%            

American Water Works Co. Inc.

     463,543       71,139,944  

Essential Utilities Inc.

     560,957       26,527,657  
   

 

 

  
      97,667,601  
Wireless Telecommunication Services — 0.4%  

Telephone and Data Systems Inc.

     256,366       4,760,716  

T-Mobile U.S. Inc.(a)

    1,405,068       189,473,420  

U.S. Cellular Corp.(a)(b)

    36,749       1,127,827  
   

 

 

  
      195,361,963  
   

 

 

  

Total Common Stocks — 99.7%
(Cost: $37,591,140,166)

 

       43,730,481,669  
   

 

 

  

Short-Term Investments

    
Money Market Funds — 1.0%            

BlackRock Cash Funds: Institutional, SL Agency Shares, 0.18%(c)(d)(e)

    351,308,429       351,519,214  

BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(c)(d)

    92,480,000       92,480,000  
   

 

 

  
      443,999,214  
   

 

 

  

Total Short-Term Investments — 1.0%
(Cost: $443,681,880)

 

     443,999,214  
   

 

 

  

Total Investments in Securities — 100.7%
(Cost: $38,034,822,046)

 

     44,174,480,883  

Other Assets, Less Liabilities — (0.7)%

 

     (298,306,289 ) 
   

 

 

  

Net Assets — 100.0%

     $ 43,876,174,594  
   

 

 

  

 

(a) 

Non-income producing security.

(b) 

All or a portion of this security is on loan.

(c) 

Affiliate of the Fund.

(d) 

Annualized 7-day yield as of period-end.

(e) 

All or a portion of this security was purchased with cash collateral received from loaned securities.

 

 

9

Schedule of Investments (unaudited) (continued)

December 31, 2020

    iShares® Russell 1000 Value ETF

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended December 31, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

 

    
    Affiliated Issuer   Value at
03/31/20 		    Purchases
at Cost 		    Proceeds
from Sales 		    Net Realized
Gain (Loss) 		   

Change in

Unrealized

Appreciation

(Depreciation)

     Value at
12/31/20 		   

Shares

Held at
12/31/20

    Income    

Capital

Gain
Distributions
from
Underlying
Funds

       
 

 

    

    

  

BlackRock Cash Funds: Institutional, SL Agency Shares

   $ 591,444,619     $ —     $ (240,610,470 )(a)    $ 333,322     $ 351,743     $ 351,519,214       351,308,429     $ 2,544,291 (b)    $ —             
 

BlackRock Cash Funds: Treasury, SL Agency Shares

     88,826,000       3,654,000 (a)      —       —       —       92,480,000       92,480,000       68,449       —    
 

BlackRock Inc.

     154,704,891       78,399,869       (63,669,960 )      9,937,111       91,342,681       270,714,592       375,190       4,154,698       —    
         

 

 

    

 

 

    

 

 

      

 

 

    

 

 

    
          $ 10,270,433     $ 91,694,424     $ 714,713,806       $ 6,767,438     $ —    
         

 

 

    

 

 

    

 

 

      

 

 

    

 

 

    

 

  (a) 

Represents net amount purchased (sold).

 
  (b) 

All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

Futures Contracts

 

 

  
Description    Number of
Contracts 		       Expiration
Date 		       Notional
Amount
(000) 		       Value/
Unrealized
Appreciation
(Depreciation)
  

 

  

Long Contracts

                  

S&P 500 E-Mini Index

      387          03/19/21        $ 72,539        $ 1,315,686  

S&P MidCap 400 E-Mini Index

      273          03/19/21          62,886          1,153,981  
                 

 

 

  
                  $ 2,469,667  
                 

 

 

  

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of December 31, 2020. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

 

 

  
     Level 1        Level 2        Level 3        Total  

 

  

Investments

                  

Assets

                  

Common Stocks

    $ 43,730,481,669        $ —        $ —        $ 43,730,481,669  

Money Market Funds

      443,999,214          —          —          443,999,214  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 44,174,480,883        $ —        $ —        $ 44,174,480,883  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative financial instruments(a)

                 

Assets

                  

Futures Contracts

    $ 2,469,667        $                 —        $                 —        $ 2,469,667  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a)

Shown at the unrealized appreciation (depreciation) on the contracts.

 

 

Portfolio Abbreviations - Equity

NVS    Non-Voting Shares

 

 

10