| Schedule of Investments (unaudited) | iShares® S&P 500 Growth ETF |
| June 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Aerospace & Defense — 0.2% | ||||||||
| L3Harris Technologies Inc. | 148,143 | $ | 35,806,163 | |||||
| TransDigm Group Inc.(a) | 41,717 | 22,388,263 | ||||||
| 58,194,426 | ||||||||
| Air Freight & Logistics — 0.5% | ||||||||
| Expeditors International of Washington Inc. | 306,781 | 29,898,876 | ||||||
| United Parcel Service Inc., Class B | 577,526 | 105,421,596 | ||||||
| 135,320,472 | ||||||||
| Auto Components — 0.1% | ||||||||
| Aptiv PLC(a)(b) | 200,851 | 17,889,799 | ||||||
| Automobiles — 3.7% | ||||||||
| Tesla Inc.(a) | 1,534,608 | 1,033,435,719 | ||||||
| Banks — 2.1% | ||||||||
| Bank of America Corp. | 5,707,889 | 177,686,584 | ||||||
| Comerica Inc. | 108,474 | 7,959,822 | ||||||
| First Republic Bank/CA | 328,389 | 47,353,694 | ||||||
| JPMorgan Chase & Co. | 2,470,707 | 278,226,315 | ||||||
| Regions Financial Corp. | 757,176 | 14,197,050 | ||||||
| Signature Bank/New York NY | 115,033 | 20,615,064 | ||||||
| SVB Financial Group(a) | 107,634 | 42,514,354 | ||||||
| Zions Bancorp. NA | 132,939 | 6,766,595 | ||||||
| 595,319,478 | ||||||||
| Beverages — 0.8% | ||||||||
| Keurig Dr Pepper Inc. | 323,614 | 11,452,700 | ||||||
| Monster Beverage Corp.(a) | 355,062 | 32,914,247 | ||||||
| PepsiCo Inc. | 1,061,989 | 176,991,087 | ||||||
| 221,358,034 | ||||||||
| Biotechnology — 2.4% | ||||||||
| AbbVie Inc. | 1,745,056 | 267,272,777 | ||||||
| Amgen Inc. | 400,539 | 97,451,139 | ||||||
| Incyte Corp.(a) | 144,155 | 10,951,455 | ||||||
| Moderna Inc.(a) | 632,837 | 90,400,765 | ||||||
| Regeneron Pharmaceuticals Inc.(a) | 197,548 | 116,776,549 | ||||||
| Vertex Pharmaceuticals Inc.(a) | 280,621 | 79,076,192 | ||||||
| 661,928,877 | ||||||||
| Building Products — 0.2% | ||||||||
| A O Smith Corp. | 121,980 | 6,669,866 | ||||||
| Fortune Brands Home & Security Inc. | 107,306 | 6,425,483 | ||||||
| Johnson Controls International PLC | 776,051 | 37,157,322 | ||||||
| Masco Corp.(b) | 203,141 | 10,278,935 | ||||||
| 60,531,606 | ||||||||
| Capital Markets — 3.3% | ||||||||
| Ameriprise Financial Inc. | 121,821 | 28,954,415 | ||||||
| BlackRock Inc.(c) | 135,311 | 82,409,811 | ||||||
| Cboe Global Markets Inc. | 112,929 | 12,782,433 | ||||||
| Charles Schwab Corp. (The) | 1,875,454 | 118,491,184 | ||||||
| FactSet Research Systems Inc. | 40,874 | 15,718,914 | ||||||
| Franklin Resources Inc. | 220,144 | 5,131,557 | ||||||
| Goldman Sachs Group Inc. (The) | 628,080 | 186,552,322 | ||||||
| Intercontinental Exchange Inc. | 581,569 | 54,690,749 | ||||||
| MarketAxess Holdings Inc. | 33,620 | 8,607,056 | ||||||
| Moody's Corp. | 193,560 | 52,642,513 | ||||||
| Morgan Stanley | 1,254,004 | 95,379,544 | ||||||
| MSCI Inc. | 148,536 | 61,219,112 | ||||||
| Nasdaq Inc. | 164,437 | 25,083,220 | ||||||
| Raymond James Financial Inc. | 209,753 | 18,754,016 | ||||||
| S&P Global Inc. | 387,209 | 130,512,666 | ||||||
| Security | Shares | Value | ||||||
| Capital Markets (continued) | ||||||||
| T Rowe Price Group Inc. | 290,642 | $ | 33,019,838 | |||||
| 929,949,350 | ||||||||
| Chemicals — 0.9% | ||||||||
| Albemarle Corp. | 144,609 | 30,220,389 | ||||||
| Celanese Corp. | 85,642 | 10,072,356 | ||||||
| CF Industries Holdings Inc. | 228,896 | 19,623,254 | ||||||
| Linde PLC(b) | 469,401 | 134,966,869 | ||||||
| Sherwin-Williams Co. (The) | 231,924 | 51,930,103 | ||||||
| 246,812,971 | ||||||||
| Commercial Services & Supplies — 0.5% | ||||||||
| Cintas Corp. | 73,169 | 27,330,817 | ||||||
| Copart Inc.(a) | 263,407 | 28,621,805 | ||||||
| Republic Services Inc. | 168,375 | 22,035,236 | ||||||
| Rollins Inc.(b) | 181,733 | 6,346,116 | ||||||
| Waste Management Inc.(b) | 355,381 | 54,366,185 | ||||||
| 138,700,159 | ||||||||
| Communications Equipment — 0.8% | ||||||||
| Arista Networks Inc.(a) | 411,518 | 38,575,697 | ||||||
| Cisco Systems Inc. | 3,418,615 | 145,769,744 | ||||||
| F5 Inc.(a) | 58,497 | 8,952,381 | ||||||
| Motorola Solutions Inc. | 180,499 | 37,832,590 | ||||||
| 231,130,412 | ||||||||
| Construction & Engineering — 0.1% | ||||||||
| Quanta Services Inc.(b) | 141,908 | 17,786,749 | ||||||
| Construction Materials — 0.1% | ||||||||
| Martin Marietta Materials Inc. | 66,314 | 19,843,801 | ||||||
| Vulcan Materials Co. | 116,868 | 16,606,943 | ||||||
| 36,450,744 | ||||||||
| Consumer Finance — 0.6% | ||||||||
| American Express Co. | 490,820 | 68,037,469 | ||||||
| Capital One Financial Corp. | 345,022 | 35,947,842 | ||||||
| Discover Financial Services | 513,811 | 48,596,244 | ||||||
| Synchrony Financial | 522,747 | 14,438,272 | ||||||
| 167,019,827 | ||||||||
| Containers & Packaging — 0.1% | ||||||||
| Avery Dennison Corp. | 77,262 | 12,506,400 | ||||||
| Sealed Air Corp. | 143,763 | 8,298,000 | ||||||
| 20,804,400 | ||||||||
| Distributors — 0.1% | ||||||||
| LKQ Corp. | 204,300 | 10,029,087 | ||||||
| Pool Corp.(b) | 72,891 | 25,601,506 | ||||||
| 35,630,593 | ||||||||
| Electric Utilities — 0.1% | ||||||||
| NRG Energy Inc. | 432,929 | 16,524,900 | ||||||
| Electrical Equipment — 0.2% | ||||||||
| Generac Holdings Inc.(a)(b) | 116,964 | 24,630,279 | ||||||
| Rockwell Automation Inc. | 109,518 | 21,828,033 | ||||||
| 46,458,312 | ||||||||
| Electronic Equipment, Instruments & Components — 0.5% | ||||||||
| Amphenol Corp., Class A | 576,323 | 37,103,675 | ||||||
| CDW Corp./DE | 145,239 | 22,883,857 | ||||||
| Keysight Technologies Inc.(a) | 251,059 | 34,608,483 | ||||||
| Trimble Inc.(a) | 257,553 | 14,997,311 | ||||||
| Zebra Technologies Corp., Class A(a) | 70,113 | 20,609,716 | ||||||
| 130,203,042 | ||||||||
1
| Schedule of Investments (unaudited) (continued) | iShares® S&P 500 Growth ETF |
| June 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Entertainment — 0.6% | ||||||||
| Live Nation Entertainment Inc.(a)(b) | 107,691 | $ | 8,893,123 | |||||
| Netflix Inc.(a) | 812,470 | 142,076,629 | ||||||
| Take-Two Interactive Software Inc.(a) | 180,663 | 22,136,637 | ||||||
| 173,106,389 | ||||||||
| Equity Real Estate Investment Trusts (REITs) — 2.3% | ||||||||
| American Tower Corp. | 433,587 | 110,820,501 | ||||||
| AvalonBay Communities Inc. | 106,100 | 20,609,925 | ||||||
| Camden Property Trust | 194,796 | 26,196,166 | ||||||
| Crown Castle International Corp. | 356,346 | 60,001,540 | ||||||
| Duke Realty Corp. | 456,984 | 25,111,271 | ||||||
| Equinix Inc. | 76,563 | 50,303,422 | ||||||
| Essex Property Trust Inc. | 52,675 | 13,775,039 | ||||||
| Extra Space Storage Inc. | 245,551 | 41,773,136 | ||||||
| Federal Realty Investment Trust | 57,372 | 5,492,795 | ||||||
| Iron Mountain Inc. | 324,129 | 15,781,841 | ||||||
| Mid-America Apartment Communities Inc. | 130,818 | 22,849,980 | ||||||
| Prologis Inc. | 825,792 | 97,154,429 | ||||||
| Public Storage | 164,774 | 51,519,887 | ||||||
| SBA Communications Corp. | 110,430 | 35,343,122 | ||||||
| Simon Property Group Inc. | 358,760 | 34,053,499 | ||||||
| UDR Inc. | 300,642 | 13,841,558 | ||||||
| Weyerhaeuser Co. | 575,945 | 19,075,298 | ||||||
| 643,703,409 | ||||||||
| Food & Staples Retailing — 0.7% | ||||||||
| Costco Wholesale Corp. | 413,384 | 198,126,684 | ||||||
| Food Products — 0.1% | ||||||||
| Hershey Co. (The) | 120,142 | 25,849,753 | ||||||
| Health Care Equipment & Supplies — 2.1% | ||||||||
| Abbott Laboratories. | 1,697,078 | 184,387,525 | ||||||
| Abiomed Inc.(a)(b) | 46,156 | 11,424,072 | ||||||
| Align Technology Inc.(a) | 134,898 | 31,926,310 | ||||||
| Dexcom Inc.(a)(b) | 717,775 | 53,495,771 | ||||||
| Edwards Lifesciences Corp.(a)(b) | 716,394 | 68,121,905 | ||||||
| Hologic Inc.(a) | 340,509 | 23,597,274 | ||||||
| IDEXX Laboratories Inc.(a) | 105,876 | 37,133,889 | ||||||
| Intuitive Surgical Inc.(a) | 452,944 | 90,910,390 | ||||||
| ResMed Inc. | 156,355 | 32,776,699 | ||||||
| STERIS PLC | 77,209 | 15,916,635 | ||||||
| Stryker Corp. | 252,340 | 50,197,996 | ||||||
| 599,888,466 | ||||||||
| Health Care Providers & Services — 1.6% | ||||||||
| HCA Healthcare Inc. | 241,330 | 40,557,920 | ||||||
| Laboratory Corp. of America Holdings | 88,902 | 20,835,073 | ||||||
| Molina Healthcare Inc.(a) | 53,248 | 14,888,673 | ||||||
| Quest Diagnostics Inc. | 97,894 | 13,017,944 | ||||||
| UnitedHealth Group Inc. | 720,300 | 369,967,689 | ||||||
| 459,267,299 | ||||||||
| Hotels, Restaurants & Leisure — 1.3% | ||||||||
| Caesars Entertainment Inc.(a)(b) | 253,456 | 9,707,365 | ||||||
| Chipotle Mexican Grill Inc.(a) | 34,465 | 45,054,716 | ||||||
| Domino's Pizza Inc. | 44,171 | 17,213,880 | ||||||
| Hilton Worldwide Holdings Inc. | 207,063 | 23,075,101 | ||||||
| McDonald's Corp. | 608,609 | 150,253,390 | ||||||
| Starbucks Corp. | 1,072,010 | 81,890,844 | ||||||
| Yum! Brands Inc. | 244,486 | 27,751,606 | ||||||
| 354,946,902 | ||||||||
| Household Durables — 0.2% | ||||||||
| DR Horton Inc. | 313,335 | 20,739,644 | ||||||
| Security | Shares | Value | ||||||
| Household Durables (continued) | ||||||||
| Garmin Ltd. | 142,286 | $ | 13,979,599 | |||||
| Newell Brands Inc. | 352,398 | 6,709,658 | ||||||
| NVR Inc.(a) | 2,651 | 10,614,975 | ||||||
| 52,043,876 | ||||||||
| Insurance — 0.8% | ||||||||
| Aon PLC, Class A | 233,034 | 62,844,609 | ||||||
| Arthur J Gallagher & Co.(b) | 169,901 | 27,700,659 | ||||||
| Brown & Brown Inc. | 296,621 | 17,304,869 | ||||||
| Cincinnati Financial Corp. | 129,046 | 15,353,893 | ||||||
| Marsh & McLennan Companies Inc. | 559,897 | 86,924,010 | ||||||
| 210,128,040 | ||||||||
| Interactive Media & Services — 10.7% | ||||||||
| Alphabet Inc., Class A(a) | 550,013 | 1,198,621,330 | ||||||
| Alphabet Inc., Class C, NVS(a) | 504,309 | 1,103,150,722 | ||||||
| Meta Platforms Inc, Class A(a) | 4,194,263 | 676,324,909 | ||||||
| Twitter Inc.(a) | 669,578 | 25,035,522 | ||||||
| 3,003,132,483 | ||||||||
| Internet & Direct Marketing Retail — 6.2% | ||||||||
| Amazon.com Inc.(a) | 16,001,456 | 1,699,514,642 | ||||||
| eBay Inc. | 788,372 | 32,851,461 | ||||||
| Etsy Inc.(a) | 229,336 | 16,789,689 | ||||||
| 1,749,155,792 | ||||||||
| IT Services — 3.5% | ||||||||
| Accenture PLC, Class A | 671,819 | 186,530,545 | ||||||
| Akamai Technologies Inc.(a)(b) | 125,281 | 11,441,914 | ||||||
| Automatic Data Processing Inc. | 404,904 | 85,046,036 | ||||||
| Broadridge Financial Solutions Inc.(b) | 96,027 | 13,688,649 | ||||||
| EPAM Systems Inc.(a) | 104,508 | 30,806,868 | ||||||
| Gartner Inc.(a) | 147,288 | 35,618,657 | ||||||
| Mastercard Inc., Class A | 738,141 | 232,868,723 | ||||||
| Paychex Inc. | 311,333 | 35,451,489 | ||||||
| PayPal Holdings Inc.(a) | 1,142,433 | 79,787,521 | ||||||
| VeriSign Inc.(a) | 81,828 | 13,692,279 | ||||||
| Visa Inc., Class A | 1,294,118 | 254,798,893 | ||||||
| 979,731,574 | ||||||||
| Life Sciences Tools & Services — 3.2% | ||||||||
| Agilent Technologies Inc. | 331,164 | 39,332,348 | ||||||
| Bio-Rad Laboratories Inc., Class A(a) | 21,409 | 10,597,455 | ||||||
| Bio-Techne Corp. | 72,233 | 25,038,847 | ||||||
| Charles River Laboratories International Inc.(a) | 92,824 | 19,861,551 | ||||||
| Danaher Corp. | 804,695 | 204,006,276 | ||||||
| Illumina Inc.(a) | 141,804 | 26,142,986 | ||||||
| IQVIA Holdings Inc.(a) | 252,678 | 54,828,599 | ||||||
| Mettler-Toledo International Inc.(a) | 26,006 | 29,874,913 | ||||||
| PerkinElmer Inc.(b) | 229,288 | 32,609,339 | ||||||
| Thermo Fisher Scientific Inc. | 715,879 | 388,922,743 | ||||||
| Waters Corp.(a)(b) | 81,520 | 26,981,490 | ||||||
| West Pharmaceutical Services Inc. | 135,912 | 41,095,712 | ||||||
| 899,292,259 | ||||||||
| Machinery — 0.7% | ||||||||
| Deere & Co. | 234,827 | 70,323,642 | ||||||
| Dover Corp. | 121,441 | 14,733,222 | ||||||
| IDEX Corp. | 56,991 | 10,351,275 | ||||||
| Illinois Tool Works Inc. | 211,912 | 38,620,962 | ||||||
| Nordson Corp. | 59,173 | 11,978,982 | ||||||
| Otis Worldwide Corp. | 310,965 | 21,975,896 | ||||||
| Pentair PLC | 176,545 | 8,080,465 | ||||||
2
| Schedule of Investments (unaudited) (continued) | iShares® S&P 500 Growth ETF |
| June 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Machinery (continued) | ||||||||
| Xylem Inc./NY | 135,472 | $ | 10,591,201 | |||||
| 186,655,645 | ||||||||
| Metals & Mining — 0.2% | ||||||||
| Freeport-McMoRan Inc. | 1,166,156 | 34,121,724 | ||||||
| Nucor Corp. | 262,738 | 27,432,475 | ||||||
| 61,554,199 | ||||||||
| Multiline Retail — 0.2% | ||||||||
| Target Corp. | 465,109 | 65,687,344 | ||||||
| Oil, Gas & Consumable Fuels — 1.1% | ||||||||
| APA Corp. | 340,209 | 11,873,294 | ||||||
| Devon Energy Corp. | 1,122,495 | 61,860,699 | ||||||
| Diamondback Energy Inc. | 305,117 | 36,964,925 | ||||||
| EOG Resources Inc. | 492,712 | 54,415,113 | ||||||
| Hess Corp. | 359,692 | 38,105,770 | ||||||
| Occidental Petroleum Corp. | 667,554 | 39,305,580 | ||||||
| ONEOK Inc. | 351,201 | 19,491,656 | ||||||
| Pioneer Natural Resources Co. | 230,448 | 51,408,340 | ||||||
| 313,425,377 | ||||||||
| Personal Products — 0.2% | ||||||||
| Estee Lauder Companies Inc. (The), Class A | 251,015 | 63,925,990 | ||||||
| Pharmaceuticals — 3.1% | ||||||||
| Catalent Inc.(a) | 196,429 | 21,074,867 | ||||||
| Eli Lilly & Co. | 1,442,199 | 467,604,182 | ||||||
| Pfizer Inc. | 5,540,865 | 290,507,552 | ||||||
| Zoetis Inc. | 567,161 | 97,489,304 | ||||||
| 876,675,905 | ||||||||
| Professional Services — 0.3% | ||||||||
| Equifax Inc. | 223,881 | 40,920,969 | ||||||
| Jacobs Engineering Group Inc. | 104,908 | 13,336,954 | ||||||
| Robert Half International Inc. | 139,422 | 10,441,314 | ||||||
| Verisk Analytics Inc.(b) | 147,272 | 25,491,310 | ||||||
| 90,190,547 | ||||||||
| Real Estate Management & Development — 0.1% | ||||||||
| CBRE Group Inc., Class A(a) | 298,871 | 21,999,894 | ||||||
| Road & Rail — 0.6% | ||||||||
| JB Hunt Transport Services Inc. | 90,407 | 14,236,390 | ||||||
| Old Dominion Freight Line Inc. | 167,907 | 43,031,206 | ||||||
| Union Pacific Corp. | 470,890 | 100,431,419 | ||||||
| 157,699,015 | ||||||||
| Semiconductors & Semiconductor Equipment — 7.5% | ||||||||
| Advanced Micro Devices Inc.(a) | 2,963,490 | 226,618,080 | ||||||
| Applied Materials Inc. | 1,614,611 | 146,897,309 | ||||||
| Broadcom Inc. | 425,589 | 206,755,392 | ||||||
| Enphase Energy Inc.(a) | 246,938 | 48,212,175 | ||||||
| KLA Corp. | 272,906 | 87,078,846 | ||||||
| Lam Research Corp. | 253,599 | 108,071,214 | ||||||
| Microchip Technology Inc. | 487,974 | 28,341,530 | ||||||
| Monolithic Power Systems Inc. | 80,189 | 30,795,784 | ||||||
| Nvidia Corp. | 4,579,198 | 694,160,625 | ||||||
| NXP Semiconductors NV(b) | 302,514 | 44,781,147 | ||||||
| ON Semiconductor Corp.(a) | 603,634 | 30,368,827 | ||||||
| Qorvo Inc.(a) | 99,399 | 9,375,314 | ||||||
| Qualcomm Inc. | 2,048,198 | 261,636,812 | ||||||
| Skyworks Solutions Inc. | 136,753 | 12,668,798 | ||||||
| SolarEdge Technologies Inc.(a)(b) | 75,962 | 20,789,280 | ||||||
| Teradyne Inc.(b) | 292,981 | 26,236,449 | ||||||
| Security | Shares | Value | ||||||
| Semiconductors & Semiconductor Equipment (continued) | ||||||||
| Texas Instruments Inc. | 826,893 | $ | 127,052,109 | |||||
| 2,109,839,691 | ||||||||
| Software — 17.5% | ||||||||
| Adobe Inc.(a) | 864,078 | 316,304,393 | ||||||
| Ansys Inc.(a) | 98,175 | 23,492,296 | ||||||
| Autodesk Inc.(a) | 254,585 | 43,778,437 | ||||||
| Cadence Design Systems Inc.(a) | 503,019 | 75,467,941 | ||||||
| Ceridian HCM Holding Inc.(a) | 108,546 | 5,110,346 | ||||||
| Fortinet Inc.(a) | 1,218,297 | 68,931,244 | ||||||
| Intuit Inc. | 517,197 | 199,348,412 | ||||||
| Microsoft Corp. | 13,677,221 | 3,512,720,669 | ||||||
| Oracle Corp. | 2,878,819 | 201,143,083 | ||||||
| Paycom Software Inc.(a) | 66,196 | 18,542,823 | ||||||
| PTC Inc.(a)(b) | 96,527 | 10,264,681 | ||||||
| Salesforce Inc.(a) | 1,108,295 | 182,913,007 | ||||||
| ServiceNow Inc.(a) | 366,599 | 174,325,156 | ||||||
| Synopsys Inc.(a) | 187,897 | 57,064,319 | ||||||
| Tyler Technologies Inc.(a) | 47,022 | 15,633,875 | ||||||
| 4,905,040,682 | ||||||||
| Specialty Retail — 3.0% | ||||||||
| Advance Auto Parts Inc. | 52,400 | 9,069,916 | ||||||
| AutoZone Inc.(a)(b) | 36,301 | 78,015,205 | ||||||
| Bath & Body Works Inc. | 283,509 | 7,632,062 | ||||||
| CarMax Inc.(a)(b) | 157,492 | 14,249,876 | ||||||
| Home Depot Inc. (The) | 1,436,227 | 393,913,979 | ||||||
| Lowe's Companies Inc. | 1,209,020 | 211,179,524 | ||||||
| O'Reilly Automotive Inc.(a)(b) | 120,195 | 75,934,393 | ||||||
| Tractor Supply Co. | 204,602 | 39,662,098 | ||||||
| Ulta Beauty, Inc.(a) | 53,492 | 20,620,096 | ||||||
| 850,277,149 | ||||||||
| Technology Hardware, Storage & Peripherals — 14.0% | ||||||||
| Apple Inc. | 28,118,674 | 3,844,385,109 | ||||||
| HP Inc. | 963,185 | 31,573,204 | ||||||
| NetApp Inc. | 291,279 | 19,003,042 | ||||||
| Seagate Technology Holdings PLC | 263,858 | 18,850,016 | ||||||
| 3,913,811,371 | ||||||||
| Textiles, Apparel & Luxury Goods — 0.5% | ||||||||
| Nike Inc., Class B | 1,252,656 | 128,021,443 | ||||||
| Trading Companies & Distributors — 0.2% | ||||||||
| Fastenal Co. | 500,537 | 24,986,807 | ||||||
| United Rentals Inc.(a)(b) | 77,668 | 18,866,334 | ||||||
| 43,853,141 | ||||||||
| Total Long-Term Investments — 99.8% | ||||||||
| (Cost: $23,384,777,437) | 27,938,480,189 | |||||||
| Short-Term Securities | ||||||||
| Money Market Funds — 1.1% | ||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares, 1.61%(c)(d)(e) | 262,583,098 | 262,556,840 | ||||||
3
| Schedule of Investments (unaudited) (continued) | iShares® S&P 500 Growth ETF |
| June 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Money Market Funds (continued) | ||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 1.35%(c)(d) | 43,420,000 | $ | 43,420,000 | |||||
| Total Short-Term Securities — 1.1% | ||||||||
| (Cost: $305,965,896) | 305,976,840 | |||||||
| Total Investments in Securities — 100.9% | ||||||||
| (Cost: $23,690,743,333) | 28,244,457,029 | |||||||
| Liabilities in Excess of Other Assets — (0.9)% | (257,375,379 | ) | ||||||
| Net Assets — 100.0% | $ | 27,987,081,650 | ||||||
| (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 the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended June 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | Value at 03/31/22 | Purchases at Cost | Proceeds from Sale | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 06/30/22 | Shares Held at 06/30/22 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 67,653,659 | $ | 194,891,088 | (a) | $ | — | $ | 17,271 | $ | (5,178 | ) | $ | 262,556,840 | 262,583,098 | $ | 61,376 | (b) | $ | — | ||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares | 48,780,000 | — | (5,360,000 | )(a) | — | — | 43,420,000 | 43,420,000 | 48,687 | — | ||||||||||||||||||||||||||
| BlackRock Inc. | 107,435,424 | 4,030,062 | (7,634,178 | ) | 1,916,365 | (23,337,862 | ) | 82,409,811 | 135,311 | 661,928 | — | |||||||||||||||||||||||||
| $ | 1,933,636 | $ | (23,343,040 | ) | $ | 388,386,651 | $ | 771,991 | $ | — | ||||||||||||||||||||||||||
| (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 | ||||||||||||||
| S&P 500 E-Mini Index | 231 | 09/16/22 | $ | 43,769 | $ | (2,051,959 | ) | |||||||
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 Black-Rock 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
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| Schedule of Investments (unaudited) (continued) | iShares® S&P 500 Growth ETF |
| June 30, 2022 |
Fair Value Measurements (continued)
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 | $ | 27,938,480,189 | $ | — | $ | — | $ | 27,938,480,189 | ||||||||
| Money Market Funds | 305,976,840 | — | — | 305,976,840 | ||||||||||||
| $ | 28,244,457,029 | $ | — | $ | — | $ | 28,244,457,029 | |||||||||
| Derivative financial instruments(a) | ||||||||||||||||
| Liabilities | ||||||||||||||||
| Futures Contracts | $ | (2,051,959 | ) | $ | — | $ | — | $ | (2,051,959 | ) | ||||||
| (a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviations
| NVS | Non-Voting Shares |
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