iShares

®

U.S.

Financials

ETF

Schedule

of

Investments

(unaudited)

July

31,

2024

(Percentages

shown

are

based

on

Net

Assets)

1

Schedule

of

Investments

Security

Shares

Value

a

Common

Stocks

Banks

 — 

30

.1

%

Bank

of

America

Corp.

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

3,237,538

$

130,505,157

Bank

OZK

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

64,948

3,045,412

BOK

Financial

Corp.

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

14,254

1,465,881

Citigroup,

Inc.

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

1,134,881

73,631,079

Citizens

Financial

Group,

Inc.

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

273,109

11,653,561

Columbia

Banking

System,

Inc.

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

126,997

3,322,242

Comerica,

Inc.

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

70,384

3,857,747

Commerce

Bancshares,

Inc.

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

72,169

4,670,056

Cullen/Frost

Bankers,

Inc.

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

35,718

4,181,149

East

West

Bancorp,

Inc.

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

83,004

7,295,222

Fifth

Third

Bancorp

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

405,847

17,183,562

First

Citizens

BancShares,

Inc.

,

Class

A

..........

7,154

14,935,334

First

Hawaiian,

Inc.

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

78,834

1,974,003

First

Horizon

Corp.

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

329,752

5,516,751

FNB

Corp.

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

216,649

3,323,396

Huntington

Bancshares,

Inc.

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

860,511

12,864,640

JPMorgan

Chase

&

Co.

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

1,431,436

304,609,581

KeyCorp

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

554,724

8,947,698

M&T

Bank

Corp.

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

98,956

17,037,255

NU

Holdings,

Ltd.

,

Class

A

(a)

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

1,883,957

22,852,398

Pinnacle

Financial

Partners,

Inc.

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

46,057

4,436,210

PNC

Financial

Services

Group,

Inc.

(The)

........

235,104

42,577,334

Popular,

Inc.

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

43,319

4,445,829

Prosperity

Bancshares,

Inc.

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

54,660

3,963,943

Regions

Financial

Corp.

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

548,659

12,273,502

Synovus

Financial

Corp.

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

88,623

4,143,125

TFS

Financial

Corp.

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

36,701

497,666

Truist

Financial

Corp.

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

790,208

35,314,396

U.S.

Bancorp

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

923,143

41,430,658

Webster

Financial

Corp.

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

103,112

5,116,417

Wells

Fargo

&

Co.

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

1,936,456

114,909,299

Western

Alliance

Bancorp

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

64,754

5,210,107

Wintrust

Financial

Corp.

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

37,141

4,018,656

Zions

Bancorp

NA

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

85,808

4,433,699

935,642,965

a

Capital

Markets

 — 

30

.8

%

Affiliated

Managers

Group,

Inc.

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

19,398

3,600,657

Ameriprise

Financial,

Inc.

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

59,385

25,539,707

Ares

Management

Corp.

,

Class

A

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

106,150

16,262,180

Bank

of

New

York

Mellon

Corp.

(The)

...........

443,303

28,845,726

BlackRock,

Inc.

(b)

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

87,422

76,625,383

Blackstone,

Inc.

,

NVS

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

422,311

60,031,509

Blue

Owl

Capital,

Inc.

,

Class

A

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

302,549

5,769,609

Carlyle

Group,

Inc.

(The)

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

132,019

6,566,625

Cboe

Global

Markets,

Inc.

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

62,935

11,549,202

Charles

Schwab

Corp.

(The)

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

882,959

57,560,097

CME

Group,

Inc.

,

Class

A

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

212,891

41,239,116

Coinbase

Global,

Inc.

,

Class

A

(a)

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

116,834

26,212,876

Evercore,

Inc.

,

Class

A

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

21,278

5,327,798

FactSet

Research

Systems,

Inc.

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

22,735

9,391,601

Franklin

Resources,

Inc.

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

173,094

3,958,660

Goldman

Sachs

Group,

Inc.

(The)

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

186,743

95,057,789

Houlihan

Lokey,

Inc.

,

Class

A

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

31,125

4,676,531

Interactive

Brokers

Group,

Inc.

,

Class

A

..........

62,204

7,419,071

Intercontinental

Exchange,

Inc.

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

336,434

50,989,937

Invesco

Ltd.

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

221,844

3,829,027

Janus

Henderson

Group

PLC

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

79,523

2,960,641

Jefferies

Financial

Group,

Inc.

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

108,114

6,321,426

KKR

&

Co.,

Inc.

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

398,770

49,228,157

Lazard,

Inc.

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

66,661

3,277,721

LPL

Financial

Holdings,

Inc.

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

44,465

9,849,887

Security

Shares

Value

a

Capital

Markets

(continued)

MarketAxess

Holdings,

Inc.

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

22,297

$

4,984,048

Moody's

Corp.

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

93,563

42,709,638

Morgan

Stanley

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

687,398

70,946,348

Morningstar,

Inc.

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

16,096

5,112,894

MSCI,

Inc.

,

Class

A

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

45,523

24,617,017

Nasdaq,

Inc.

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

243,523

16,481,637

Northern

Trust

Corp.

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

120,727

10,702,449

Raymond

James

Financial,

Inc.

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

112,676

13,070,416

Robinhood

Markets,

Inc.

,

Class

A

(a)

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

397,340

8,173,284

S&P

Global,

Inc.

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

185,312

89,826,286

SEI

Investments

Co.

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

61,106

4,145,431

State

Street

Corp.

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

179,600

15,260,612

Stifel

Financial

Corp.

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

59,964

5,317,008

T

Rowe

Price

Group,

Inc.

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

130,554

14,910,572

TPG,

Inc.

,

Class

A

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

51,509

2,626,444

Tradeweb

Markets,

Inc.

,

Class

A

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

69,589

7,771,700

Virtu

Financial,

Inc.

,

Class

A

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

53,396

1,458,779

XP,

Inc.

,

Class

A

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

247,103

4,227,932

954,433,428

a

Consumer

Finance

 — 

1

.3

%

Ally

Financial,

Inc.

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

162,280

7,304,223

Credit

Acceptance

Corp.

(a)

(c)

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

3,828

2,200,717

Discover

Financial

Services

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

148,144

21,331,255

OneMain

Holdings,

Inc.

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

68,559

3,582,893

SLM

Corp.

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

133,478

3,028,616

SoFi

Technologies,

Inc.

(a)

(c)

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

620,972

4,682,129

42,129,833

a

Financial

Services

 — 

14

.5

%

Apollo

Global

Management,

Inc.

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

309,058

38,728,058

Berkshire

Hathaway,

Inc.

,

Class

B

(a)

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

895,583

392,713,145

Equitable

Holdings,

Inc.

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

157,136

6,852,701

MGIC

Investment

Corp.

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

162,155

4,027,930

Rocket

Companies,

Inc.

,

Class

A

(a)

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

89,345

1,446,496

UWM

Holdings

Corp.

,

Class

A

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

66,585

559,314

Voya

Financial,

Inc.

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

61,359

4,462,640

448,790,284

a

Insurance

 — 

22

.0

%

Aflac,

Inc.

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

338,563

32,292,139

Allstate

Corp.

(The)

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

155,635

26,632,261

American

Financial

Group,

Inc.

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

43,258

5,665,068

American

International

Group,

Inc.

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

398,910

31,605,639

Aon

PLC

,

Class

A

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

116,236

38,184,688

Arch

Capital

Group

Ltd.

(a)

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

213,614

20,459,949

Arthur

J

Gallagher

&

Co.

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

127,755

36,217,265

Assurant,

Inc.

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

31,344

5,481,125

Assured

Guaranty

Ltd.

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

32,618

2,686,745

Axis

Capital

Holdings

Ltd.

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

47,242

3,578,582

Brighthouse

Financial,

Inc.

(a)

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

38,869

1,938,397

Brown

&

Brown,

Inc.

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

142,392

14,158,037

Chubb

Ltd.

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

239,574

66,040,969

Cincinnati

Financial

Corp.

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

91,436

11,943,370

CNA

Financial

Corp.

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

15,314

752,836

Everest

Group

Ltd.

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

25,687

10,091,652

Fidelity

National

Financial,

Inc.

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

115,389

7,460,790

First

American

Financial

Corp.

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

60,663

3,674,965

Globe

Life,

Inc.

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

56,075

5,200,396

Hanover

Insurance

Group,

Inc.

(The)

...........

21,886

3,009,106

Hartford

Financial

Services

Group,

Inc.

(The)

......

175,810

19,500,845

Kemper

Corp.

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

37,259

2,386,812

Kinsale

Capital

Group,

Inc.

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

13,320

6,088,172

Lincoln

National

Corp.

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

77,653

2,585,845

Loews

Corp.

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

108,380

8,664,981

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2024

iShares

®

U.S.

Financials

ETF

(Percentages

shown

are

based

on

Net

Assets)

2

Security

Shares

Value

a

Insurance

(continued)

Markel

Group,

Inc.

(a)

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

7,642

$

12,524,092

Marsh

&

McLennan

Companies,

Inc.

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

291,943

64,977,754

MetLife,

Inc.

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

352,948

27,124,054

Old

Republic

International

Corp.

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

152,383

5,275,500

Primerica,

Inc.

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

20,881

5,257,209

Principal

Financial

Group,

Inc.

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

139,269

11,351,816

Progressive

Corp.

(The)

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

346,236

74,136,052

Prudential

Financial,

Inc.

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

212,801

26,668,221

Reinsurance

Group

of

America,

Inc.

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

39,310

8,861,653

RenaissanceRe

Holdings

Ltd.

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

31,089

7,209,850

RLI

Corp.

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

25,199

3,794,717

Ryan

Specialty

Holdings,

Inc.

,

Class

A

...........

62,355

3,840,444

Travelers

Companies,

Inc.

(The)

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

135,262

29,276,107

Unum

Group

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

84,655

4,870,202

W

R

Berkley

Corp.

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

185,619

10,233,176

White

Mountains

Insurance

Group

Ltd.

..........

1,519

2,712,934

Willis

Towers

Watson

PLC

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

60,464

17,067,778

681,482,193

a

Mortgage

REITs

 — 

0

.5

%

AGNC

Investment

Corp.

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

419,209

4,196,282

Annaly

Capital

Management,

Inc.

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

301,105

5,995,000

Rithm

Capital

Corp.

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

293,282

3,405,004

Starwood

Property

Trust,

Inc.

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

179,809

3,587,190

17,183,476

a

Security

Shares

Value

a

Professional

Services

 — 

0

.5

%

Broadridge

Financial

Solutions,

Inc.

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

69,616

$

14,897,824

a

Total

Long-Term

Investments — 99.7%

(Cost:

$

2,620,114,398

)

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

3,094,560,003

a

Short-Term

Securities

Money

Market

Funds

 — 

0

.3

%

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

,

5.45

%

(b)

(d)

(e)

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

1,351,069

1,351,610

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

,

5.29

%

(b)

(d)

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

7,362,567

7,362,567

a

Total

Short-Term

Securities — 0.3%

(Cost:

$

8,713,172

)

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

8,714,177

Total

Investments

—

100.0%

(Cost:

$

2,628,827,570

)

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

3,103,274,180

Liabilities

in

Excess

of

Other

Assets

—

0

.0

%

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

(

975,207

)

Net

Assets

—

100.0%

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

$

3,102,298,973

(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

July

31,

2024

for

purposes

of

Section

2(a)(3)

of

the

Investment

Company

Act

of

1940,

as

amended,

were

as

follows:

Affiliated

Issuer

Value

at

04/30/24

Purchases

at

Cost

Proceeds

from

Sale

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

07/31/24

  Shares

Held

at

07/31/24

Income

  Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

$

3,841,819

‌

$

—

‌

$

(

2,490,900

)

(a)

$

614

‌

$

77

‌

$

1,351,610

‌

1,351,069

‌

$

1,777

(b)

$

—

‌

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

8,683,834

‌

—

‌

(

1,321,267

)

(a)

—

‌

—

‌

7,362,567

‌

7,362,567

‌

84,423

‌

—

‌

BlackRock,

Inc.

...

60,258,759

‌

11,688,321

‌

(

5,192,009

)

351,320

‌

9,518,992

‌

76,625,383

‌

87,422

‌

408,709

‌

—

‌

$

351,934

‌

$

9,519,069

‌

$

85,339,560

‌

$

494,909

‌

$

—

‌

(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.

iShares

®

U.S.

Financials

ETF

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2024

3

Schedule

of

Investments

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

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

51

09/20/24

$

6,921

$

196,179

E-Mini

S&P

MidCap

400

Index

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

1

09/20/24

312

5,635

$

201,814

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Common

Stocks

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

$

3,094,560,003

‌

$

—

‌

$

—

‌

$

3,094,560,003

‌

Short-Term

Securities

Money

Market

Funds

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

8,714,177

‌

—

‌

—

‌

8,714,177

‌

$

3,103,274,180

‌

$

—

‌

$

—

‌

$

3,103,274,180

‌

Derivative

Financial

Instruments

(a)

Assets

Equity

Contracts

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

$

201,814

‌

$

—

‌

$

—

‌

$

201,814

‌

a

(a)

Derivative

financial

instruments

are

futures

contracts.

Futures

contracts

are

valued

at

the

unrealized

appreciation

(depreciation)

on

the

instrument.

Portfolio

Abbreviation

NVS

Non-Voting

Shares

REIT

Real

Estate

Investment

Trust