NPORT-EX 2 NPORT_0BJ9_94562989_0122.htm

 

Schedule of Investments (unaudited) iShares® U.S. Financial Services ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Banks — 41.7%          
Bank of America Corp.   4,420,665   $203,969,483 
Bank OZK   74,292    3,480,580 
BOK Financial Corp.   18,447    1,891,740 
Citigroup Inc.   1,217,966    79,313,946 
Citizens Financial Group Inc.   261,367    13,452,559 
Comerica Inc.   80,467    7,465,728 
Commerce Bancshares Inc.   68,060    4,690,015 
Cullen/Frost Bankers Inc.   34,713    4,894,880 
East West Bancorp.Inc.   87,064    7,517,106 
Fifth Third Bancorp.   419,614    18,727,373 
First Citizens BancShares Inc./NC, Class A   8,174    6,368,200 
First Financial Bankshares Inc.   78,969    3,710,753 
First Horizon Corp.   331,423    5,670,648 
First Republic Bank/CA   110,030    19,100,108 
FNB Corp.   207,926    2,686,404 
Glacier Bancorp. Inc.   66,822    3,470,066 
Home BancShares Inc./AR   92,189    2,171,973 
Huntington Bancshares Inc./OH   887,252    13,362,015 
JPMorgan Chase & Co.   1,813,978    269,557,131 
KeyCorp   571,068    14,310,964 
M&T Bank Corp.   78,911    13,365,945 
People's United Financial Inc.   262,129    5,080,060 
Pinnacle Financial Partners Inc.   46,622    4,508,814 
PNC Financial Services Group Inc. (The)   259,421    53,438,132 
Popular Inc.   48,946    4,364,515 
Prosperity Bancshares Inc.   56,570    4,143,753 
Regions Financial Corp.   584,660    13,412,100 
Signature Bank/New York NY   37,256    11,349,295 
SVB Financial Group(a)   36,025    21,034,998 
Synovus Financial Corp.   89,519    4,454,465 
Truist Financial Corp.   819,370    51,472,823 
U.S. Bancorp.   828,241    48,195,344 
UMB Financial Corp.   26,466    2,605,578 
Umpqua Holdings Corp.   133,405    2,705,453 
United Bankshares Inc./WV   83,726    2,958,040 
Valley National Bancorp   250,619    3,488,616 
Webster Financial Corp.   110,369    6,270,063 
Wells Fargo & Co.   2,447,412    131,670,766 
Western Alliance Bancorp   63,928    6,341,018 
Wintrust Financial Corp.   34,873    3,419,995 
Zions Bancorp. NA   95,946    6,507,058 
         1,086,598,503 
Capital Markets — 32.8%          
Affiliated Managers Group Inc.   24,980    3,652,326 
Ameriprise Financial Inc.   68,678    20,899,402 
Ares Management Corp., Class A   102,884    8,201,912 
Bank of New York Mellon Corp. (The)   466,348    27,635,782 
BlackRock Inc.(b)   87,652    72,132,337 
Blackstone Inc., NVS   421,607    55,639,476 
Blue Owl Capital Inc.   204,870    2,546,534 
Carlyle Group Inc. (The)   85,158    4,347,316 
Cboe Global Markets Inc.   65,461    7,759,092 
Charles Schwab Corp. (The)   922,793    80,928,946 
CME Group Inc.   220,602    50,628,159 
Coinbase Global Inc., Class A(a)   18,060    3,434,109 
FactSet Research Systems Inc.   23,128    9,757,472 
Federated Hermes Inc.   59,306    1,963,622 
Franklin Resources Inc.   172,362    5,510,413 
Security  Shares   Value 
         
Capital Markets (continued)          
Goldman Sachs Group Inc. (The)   208,362   $73,901,834 
Houlihan Lokey Inc.   31,417    3,338,999 
Interactive Brokers Group Inc., Class A   53,481    3,646,869 
Intercontinental Exchange Inc.   345,823    43,801,941 
Invesco Ltd.   209,373    4,744,392 
Janus Henderson Group PLC   104,431    3,853,504 
Jefferies Financial Group Inc.   120,814    4,426,625 
KKR & Co. Inc.   359,085    25,552,489 
Lazard Ltd., Class A   69,358    3,026,783 
LPL Financial Holdings Inc.   49,196    8,477,455 
MarketAxess Holdings Inc.   23,355    8,045,330 
Moody’s Corp.   99,272    34,050,296 
Morgan Stanley   881,145    90,352,608 
Morningstar Inc.   14,519    4,172,906 
MSCI Inc.   50,610    27,133,033 
Nasdaq Inc.   71,813    12,869,608 
Northern Trust Corp.   127,401    14,860,053 
Raymond James Financial Inc.   113,803    12,048,324 
Robinhood Markets Inc., Class A(a)(c)   35,943    508,593 
S&P Global Inc.   147,928    61,422,664 
SEI Investments Co.   65,095    3,815,218 
State Street Corp.   224,423    21,207,974 
Stifel Financial Corp.   64,072    4,798,993 
T Rowe Price Group Inc.   137,954    21,304,236 
Tradeweb Markets Inc., Class A   64,482    5,466,139 
Virtu Financial Inc., Class A   52,577    1,626,207 
         853,489,971 
Consumer Finance — 6.7%          
Ally Financial Inc.   212,809    10,155,246 
American Express Co.   385,101    69,248,862 
Capital One Financial Corp.   261,249    38,333,066 
Credit Acceptance Corp.(a)(c)   5,103    2,753,375 
Discover Financial Services   179,889    20,822,152 
FirstCash Holdings Inc.   24,880    1,734,136 
OneMain Holdings Inc.   68,758    3,552,038 
PROG Holdings Inc.(a)   34,931    1,390,603 
SLM Corp.   180,548    3,311,250 
SoFi Technologies Inc.(a)(c)   395,900    4,940,832 
Synchrony Financial.   335,760    14,300,018 
Upstart Holdings Inc.(a)   30,108    3,282,073 
         173,823,651 
Diversified Financial Services — 1.0%          
Apollo Global Management Inc.   226,501    15,855,070 
Equitable Holdings Inc.   231,028    7,771,782 
Jackson Financial Inc., Class A   57,336    2,199,982 
         25,826,834 
Insurance — 0.4%          
Fidelity National Financial Inc.   174,725    8,797,404 
           
IT Services — 16.8%          
Mastercard Inc., Class A   532,477    205,738,463 
Visa Inc., Class A   1,029,364    232,811,256 
         438,549,719 
Thrifts & Mortgage Finance — 0.5%          
Essent Group Ltd.   67,869    3,097,541 
MGIC Investment Corp.   200,505    3,043,666 
New York Community Bancorp. Inc.   284,890    3,321,817 
Radian Group Inc.   110,440    2,472,752 
Rocket Companies Inc., Class A   83,210    1,051,774 

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Schedule of Investments (unaudited) (continued) iShares® U.S. Financial Services ETF
January 31, 2022 (Percentages shown are based on Net Assets)

   

Security  Shares   Value 
         
Thrifts & Mortgage Finance (continued)          
TFS Financial Corp.   29,185   $507,235 
UWM Holdings Corp.   55,173    285,245 
         13,780,030 
           
Total Common Stocks — 99.9%          
(Cost: $2,257,318,342)        2,600,866,112 
           
Short-Term Investments          
           
Money Market Funds — 0.5%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.08%(b)(d)(e)   7,670,354    7,672,655 
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(b)(d)   5,929,000    5,929,000 
         13,601,655 
           
Total Short-Term Investments — 0.5%          
(Cost: $13,601,655)        13,601,655 
           
Total Investments in Securities — 100.4%          
(Cost: $2,270,919,997)        2,614,467,767 
           
Other Assets, Less Liabilities — (0.4)%        (9,283,874)
           
Net Assets — 100.0%       $2,605,183,893 

 

 

(a)Non-income producing security.

(b)Affiliate of the Fund.

(c)All or a portion of this security is on loan.

(d)Annualized 7-day yield as of period end.

(e)All or a portion of this security was purchased with the cash collateral from loaned securities.

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer  Value at
04/30/21		   Purchases
at Cost		   Proceeds
from Sales		   Net Realized
Gain (Loss)		   Change in
Unrealized
Appreciation
(Depreciation)		   Value at
01/31/22		   Shares
Held at
01/31/22		   Income   Capital
Gain
Distributions
from
Underlying
Funds
BlackRock Cash Funds: Institutional, SL Agency Shares  $—   $7,673,717(a)  $—   $(1,062)  $—   $7,672,655    7,670,354   $12,487(b)  $—
BlackRock Cash Funds: Treasury, SL Agency Shares   2,049,000    3,880,000(a)   —    —    —    5,929,000    5,929,000    190    —
BlackRock Inc.   47,072,882    34,269,614   (7,741,756)   2,567,666    (4,036,069)   72,132,337    87,652    1,046,674    —
                  $2,566,604   $(4,036,069)  $85,733,992        $1,059,351   $—

 

(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.

 

Derivative Financial Instruments Outstanding as of Period End

 

Futures Contracts

  

Description  Number of
Contracts		   Expiration
Date		  Notional
Amount
(000)		   Value/
Unrealized
Appreciation
(Depreciation)		 
Long Contracts                  
E-Mini Financial Select Sector Index   33   03/18/22  $3,963   $(39,191)

 

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Schedule of Investments (unaudited) (continued) iShares® U.S. Financial Services ETF
January 31, 2022

  

Fair Value Measurements

 

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows: 

●Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

●Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

●Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

 

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

 

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

  

   Level 1   Level 2   Level 3   Total 
Investments                    
Assets                    
Common Stocks.  $2,600,866,112   $—   $—   $2,600,866,112 
Money Market Funds   13,601,655    —    —    13,601,655 
   $2,614,467,767   $—   $—   $2,614,467,767 
Derivative financial instruments(a)                    
Liabilities                    
Futures Contracts  $(39,191)  $—   $—   $(39,191)

 

(a)Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

Portfolio Abbreviations - Equity

 

NVS Non-Voting Shares

 

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