NPORT-EX 2 NPORT_941903817103438.htm iShares US Infrastructure ETF

Schedule of Investments (unaudited)

December 31, 2020

   

iShares® U.S. Infrastructure ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    

Aerospace & Defense — 0.8%

    

Howmet Aerospace Inc.

     26,622     $ 759,792  
   

 

 

  
Aluminum — 0.7%            

Kaiser Aluminum Corp.

     6,799       672,421  
   

 

 

  
Building Products — 6.8%            

Advanced Drainage Systems Inc.

     8,745       730,907  

Apogee Enterprises Inc.

     23,816       754,491  

Armstrong World Industries Inc.

     8,356       621,603  

Builders FirstSource Inc.(a)

    19,134       780,859  

Gibraltar Industries Inc.(a)

    10,442       751,197  

Insteel Industries Inc.

     28,212       628,281  

Owens Corning

     9,092       688,810  

Simpson Manufacturing Co. Inc.

     7,441       695,361  

Trex Co. Inc.(a)(b)

    9,072       759,508  
   

 

 

  
      6,411,017  
Commodity Chemicals — 4.3%            

AdvanSix Inc.(a)

    33,029       660,250  

Hawkins Inc.

     12,610       659,629  

LyondellBasell Industries NV, Class A

     7,566       693,500  

Olin Corp.

     29,572       726,288  

Tredegar Corp.

     40,766       680,792  

Westlake Chemical Corp.

     8,275       675,240  
   

 

 

  
      4,095,699  
Construction & Engineering — 11.6%            

AECOM(a)

    13,158       655,005  

Aegion Corp.(a)

    36,949       701,661  

Argan Inc.

     13,913       618,989  

Construction Partners Inc., Class A(a)(b)

    24,053       700,183  

EMCOR Group Inc.

     7,656       700,218  

Fluor Corp.

     36,215       578,354  

Granite Construction Inc.

     24,960       666,682  

Great Lakes Dredge & Dock Corp.(a)

    58,734       773,527  

Jacobs Engineering Group Inc.

     6,198       675,334  

MasTec Inc.(a)

    10,790       735,662  

MYR Group Inc.(a)

    12,098       727,090  

NV5 Global Inc.(a)

    9,055       713,353  

Primoris Services Corp.

     25,671       708,776  

Quanta Services Inc.

     9,549       687,719  

Tutor Perini Corp.(a)

    50,367       652,253  

Valmont Industries Inc.

     3,988       697,621  
   

 

 

  
        10,992,427  
Construction Machinery & Heavy Trucks — 3.6%        

Astec Industries Inc.

     10,810       625,683  

Greenbrier Companies Inc. (The)

     19,171       697,441  

Oshkosh Corp.

     7,982       687,011  

Terex Corp.

     19,520       681,053  

Trinity Industries Inc.

     28,427       750,188  
   

 

 

  
      3,441,376  
Construction Materials — 2.9%            

Eagle Materials Inc.

     7,010       710,463  

Martin Marietta Materials Inc.

     2,369       672,725  

Summit Materials Inc., Class A(a)

    32,803       658,684  

Vulcan Materials Co.

     4,612       684,006  
   

 

 

  
      2,725,878  
Distributors — 0.8%            

Pool Corp.

     2,083       775,918  
   

 

 

  
Security   Shares     Value  

Diversified Chemicals — 0.7%

    

Eastman Chemical Co.

     6,596     $ 661,447  
   

 

 

  
Diversified Metals & Mining — 0.7%            

Compass Minerals International Inc.

     10,325       637,259  
   

 

 

  
Electric Utilities — 18.4%            

Alliant Energy Corp.

     13,558       698,644  

American Electric Power Co. Inc.

     8,598       715,955  

Avangrid Inc.

     15,379       698,976  

Duke Energy Corp.

     7,865       720,119  

Edison International

     11,596       728,461  

Entergy Corp.

     6,717       670,625  

Evergy Inc.

     13,055       724,683  

Eversource Energy

     8,381       725,040  

Exelon Corp.

     17,517       739,568  

FirstEnergy Corp.

     24,767       758,118  

Hawaiian Electric Industries Inc.

     19,960       706,384  

IDACORP Inc.

     7,832       752,107  

MGE Energy Inc.

     10,110       708,003  

NextEra Energy Inc.

     9,886       762,705  

NRG Energy Inc.

     20,770       779,914  

OGE Energy Corp.

     21,806       694,739  

Otter Tail Corp.

     17,381       740,604  

PG&E Corp.(a)

    57,406       715,279  

Pinnacle West Capital Corp.

     8,700       695,565  

PNM Resources Inc.

     14,561       706,645  

Portland General Electric Co.

     17,202       735,730  

PPL Corp.

     25,061       706,720  

Southern Co. (The)

     11,653       715,844  

Xcel Energy Inc.

     10,904       726,970  
   

 

 

  
        17,327,398  
Environmental & Facilities Services — 0.7%            

Tetra Tech Inc.

     5,539       641,306  
   

 

 

  
Gas Utilities — 6.7%            

Atmos Energy Corp.

     7,371       703,415  

Chesapeake Utilities Corp.

     6,876       744,052  

National Fuel Gas Co.

     17,202       707,518  

New Jersey Resources Corp.

     21,262       755,864  

Northwest Natural Holding Co.

     14,737       677,755  

ONE Gas Inc.

     8,999       690,853  

South Jersey Industries Inc.

     31,105       670,313  

Southwest Gas Holdings Inc.

     10,370       629,977  

Spire Inc.

     11,035       706,681  
   

 

 

  
      6,286,428  
Home Furnishings — 0.7%            

Leggett & Platt Inc.

     15,130       670,259  
   

 

 

  
Independent Power Producers & Energy Traders — 0.8%  

Vistra Corp.

     37,441       736,090  
   

 

 

  
Industrial Conglomerates — 0.7%            

Carlisle Companies Inc.

     4,501       702,966  
   

 

 

  
Industrial Machinery — 1.5%            

EnPro Industries Inc.

     9,187       693,802  

Mueller Industries Inc.

     19,959       700,761  
   

 

 

  
      1,394,563  
Multi-Utilities — 11.4%            

Ameren Corp.

     9,301       726,036  

Avista Corp.

     19,180       769,885  
 

 

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Schedule of Investments (unaudited) (continued)

December 31, 2020

   

iShares® U.S. Infrastructure ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Multi-Utilities (continued)

    

Black Hills Corp.

     11,871     $ 729,473  

CenterPoint Energy Inc.

     31,364       678,717  

CMS Energy Corp.

     11,996       731,876  

Consolidated Edison Inc.

     9,520       688,010  

Dominion Energy Inc.

     9,448       710,490  

DTE Energy Co.

     5,693       691,187  

MDU Resources Group Inc.

     26,792       705,701  

NiSource Inc.

     29,875       685,333  

NorthWestern Corp.

     12,517       729,866  

Public Service Enterprise Group Inc.

     12,441       725,310  

Sempra Energy

     5,593       712,604  

Unitil Corp.

     16,539       732,182  

WEC Energy Group Inc.

     7,684       707,159  
   

 

 

  
        10,723,829  
Oil & Gas Storage & Transportation — 4.2%            

Antero Midstream Corp.

     94,842       731,232  

EnLink Midstream LLC

     158,280       587,219  

Equitrans Midstream Corp.

     82,891       666,443  

Kinder Morgan Inc./DE

     48,024       656,488  

ONEOK Inc.

     17,647       677,292  

Williams Companies Inc. (The)

     31,881       639,214  
   

 

 

  
      3,957,888  
Railroads — 3.1%            

CSX Corp.

     7,805       708,304  

Kansas City Southern

     3,691       753,444  

Norfolk Southern Corp.

     2,985       709,266  

Union Pacific Corp.

     3,479       724,397  
   

 

 

  
      2,895,411  
Specialized REITs — 0.8%            

Weyerhaeuser Co.

     21,987       737,224  
   

 

 

  
Specialty Chemicals — 2.3%            

Avient Corp.

     17,247       694,709  

Ingevity Corp.(a)(b)

    9,627       729,053  

PQ Group Holdings Inc.

     49,555       706,654  
   

 

 

  
      2,130,416  
Steel — 7.1%            

Allegheny Technologies Inc.(a)

    39,943       669,844  

Carpenter Technology Corp.

     22,811       664,256  

Cleveland-Cliffs Inc.

     53,819       783,605  

Commercial Metals Co.

     33,889       696,080  

Haynes International Inc.

     27,190       648,210  

Nucor Corp.

     11,971       636,737  

Reliance Steel & Aluminum Co.

     5,558       665,571  

Steel Dynamics Inc.

     17,390       641,169  
Security   Shares     Value  

 

  

Steel (continued)

    

United States Steel Corp.

     40,470     $ 678,682  

Worthington Industries Inc.

     12,672       650,580  
   

 

 

  
      6,734,734  
Trading Companies & Distributors — 2.3%            

BMC Stock Holdings Inc.(a)

    14,397       772,831  

Boise Cascade Co.

     15,452       738,606  

H&E Equipment Services Inc.

     22,447       669,145  
   

 

 

  
      2,180,582  
Water Utilities — 6.3%            

American States Water Co.

     9,692       770,611  

American Water Works Co. Inc.

     4,815       738,958  

Cadiz Inc.(a)(b)

    70,711       753,072  

California Water Service Group

     14,496       783,219  

Essential Utilities Inc.

     15,075       712,897  

Middlesex Water Co.

     10,151       735,643  

SJW Group

     10,746       745,342  

York Water Co. (The)

     15,406       717,920  
   

 

 

  
      5,957,662  
   

 

 

  

Total Common Stocks — 99.9%
(Cost: $85,748,720)

 

     94,249,990  
   

 

 

  

Short-Term Investments

    

Money Market Funds — 1.0%

    

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

    722,064       722,497  

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

    240,000       240,000  
   

 

 

  
      962,497  
   

 

 

  

Total Short -Term Investments — 1.0%
(Cost: $962,495)

 

     962,497  
   

 

 

  

Total Investments in Securities — 100.9%
(Cost: $86,711,215)

 

     95,212,487  

Other Assets, Less Liabilities — (0.9)%

       (818,391 ) 
   

 

 

  

Net Assets — 100.0%

     $  94,394,096  
   

 

 

  

 

(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.

 

 

2

Schedule of Investments (unaudited) (continued)

December 31, 2020

    iShares® U.S. Infrastructure 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

    $ 114,457      $ 608,062 (a)    $ —      $ 25      $ (47 )    $ 722,497        722,064      $ 2,535 (b)    $ —  

BlackRock Cash Funds: Treasury, SL Agency Shares

      10,000        230,000 (a)      —        —        —       240,000        240,000        51       —  
          

 

 

     

 

 

    

 

 

        

 

 

    

 

 

  
           $ 25      $ (47 )    $ 962,497         $ 2,586     $ —  
          

 

 

     

 

 

    

 

 

        

 

 

    

 

 

  

 

  (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.

 

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

    $ 94,249,990        $ —        $ —        $ 94,249,990  

Money Market Funds

      962,497          —          —          962,497  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 95,212,487        $ —        $ —        $ 95,212,487  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

3