iShares

®

U.S.

Regional

Banks

ETF

Schedule

of

Investments

(unaudited)

June

30,

2024

(Percentages

shown

are

based

on

Net

Assets)

1

Schedule

of

Investments

Security

Shares

Value

a

Common

Stocks

Diversified

Banks

 — 

42

.0

%

Comerica,

Inc.

............................

169,408

$

8,646,584

Fifth

Third

Bancorp

........................

807,752

29,474,870

First

Citizens

BancShares,

Inc.

,

Class

A

...........

14,468

24,358,469

KeyCorp

................................

1,198,710

17,033,669

PNC

Financial

Services

Group,

Inc.

(The)

.........

491,054

76,349,076

U.S.

Bancorp

............................

1,925,750

76,452,275

232,314,943

a

Regional

Banks

 — 

57

.7

%

Bank

OZK

..............................

134,121

5,498,961

BOK

Financial

Corp.

........................

34,376

3,150,217

Citizens

Financial

Group,

Inc.

.................

578,492

20,843,067

Commerce

Bancshares,

Inc.

..................

149,865

8,359,470

Cullen/Frost

Bankers,

Inc.

....................

81,690

8,302,155

East

West

Bancorp,

Inc.

.....................

176,900

12,954,387

First

Financial

Bankshares,

Inc.

................

163,442

4,826,442

First

Horizon

Corp.

.........................

695,264

10,964,313

FNB

Corp.

..............................

457,374

6,256,876

Glacier

Bancorp,

Inc.

.......................

144,158

5,379,977

Home

BancShares,

Inc.

.....................

236,852

5,674,974

Huntington

Bancshares,

Inc.

..................

1,842,517

24,284,374

M&T

Bank

Corp.

..........................

167,435

25,342,962

New

York

Community

Bancorp,

Inc.

.............

989,752

3,187,001

Pinnacle

Financial

Partners,

Inc.

................

97,250

7,783,890

Popular,

Inc.

.............................

91,809

8,118,670

Prosperity

Bancshares,

Inc.

...................

121,741

7,443,245

Regions

Financial

Corp.

.....................

1,164,342

23,333,414

SouthState

Corp.

..........................

96,856

7,401,736

Security

Shares

Value

a

Regional

Banks

(continued)

Synovus

Financial

Corp.

.....................

186,177

$

7,482,454

TFS

Financial

Corp.

........................

64,107

809,030

Truist

Financial

Corp.

.......................

1,651,333

64,154,287

UMB

Financial

Corp.

.......................

55,774

4,652,667

United

Bankshares,

Inc.

.....................

171,470

5,562,487

Valley

National

Bancorp

.....................

542,671

3,787,844

Webster

Financial

Corp.

.....................

218,021

9,503,535

Western

Alliance

Bancorp

....................

138,592

8,706,349

Wintrust

Financial

Corp.

.....................

78,511

7,738,044

Zions

Bancorp

NA

.........................

187,721

8,141,460

319,644,288

a

Total

Long-Term Investments

— 99.7%

(Cost:

$

692,343,524

)

................................

551,959,231

a

Short-Term

Securities

Money

Market

Funds

 — 

0

.1

%

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

,

5.28

%

(a)

(b)

.............................

737,793

737,793

a

Total

Short-Term

Securities — 0.1%

(Cost:

$

737,793

)

...................................

737,793

Total

Investments

—

99.8%

(Cost:

$

693,081,317

)

................................

552,697,024

Other

Assets

Less

Liabilities

—

0

.2

%

.....................

1,176,705

Net

Assets

—

100.0%

.................................

$

553,873,729

(a)

Affiliate

of

the

Fund.

(b)

Annualized

7-day

yield

as

of

period

end.

Affiliates

Investments

in

issuers

considered

to

be

affiliate(s)

of

the

Fund

during

the

period

ended

June

30,

2024

for

purposes

of

Section

2(a)(3)

of

the

Investment

Company

Act

of

1940,

as

amended,

were

as

follows:

Affiliated

Issuer

Value

at

03/31/24

Purchases

at

Cost

Proceeds

from

Sale

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

06/30/24

  Shares

Held

at

06/30/24

Income

  Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

(a)

......

$

494,860

‌

$

—

‌

$

(

495,882

)

(b)

$

1,006

‌

$

16

‌

$

—

‌

—

‌

$

51

(c)

$

—

‌

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

.

864,846

‌

—

‌

(

127,053

)

(b)

—

‌

—

‌

737,793

‌

737,793

‌

13,540

‌

—

‌

$

1,006

‌

$

16

‌

$

737,793

‌

$

13,591

‌

$

—

‌

(a)

As

of

period

end,

the

entity

is

no

longer

held.

(b)

Represents

net

amount

purchased

(sold).

(c)

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.

Schedule

of

Investments

(unaudited)

(continued)

June

30,

2024

iShares

®

U.S.

Regional

Banks

ETF

2

Derivative

Financial

Instruments

Outstanding

as

of

Period

End

Fair

Value

Hierarchy

as

of

Period

End

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

the

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

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

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. 

Futures

Contracts

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value/

Unrealized

Appreciation

(Depreciation)

Long

Contracts

E-Mini

Financial

Select

Sector

Index

.........................................................

15

09/20/24

$

1,921

$

22,574

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Common

Stocks

.........................................

$

551,959,231

‌

$

—

‌

$

—

‌

$

551,959,231

‌

Short-Term

Securities

Money

Market

Funds

......................................

737,793

‌

—

‌

—

‌

737,793

‌

$

552,697,024

‌

$

—

‌

$

—

‌

$

552,697,024

‌

Derivative

Financial

Instruments

(a)

Assets

Equity

Contracts

...........................................

$

22,574

‌

$

—

‌

$

—

‌

$

22,574

‌

a

(a)

Derivative

financial

instruments

are

futures

contracts.

Futures

contracts

are

valued

at

the

unrealized

appreciation

(depreciation)

on

the

instrument.