iShares

®

MSCI

USA

Equal

Weighted

ETF

Schedule

of

Investments

(unaudited)

November

30,

2022

(Percentages

shown

are

based

on

Net

Assets)

1

Schedule

of

Investments

Security

Shares

Value

a

Common

Stocks

Aerospace

&

Defense

 — 

1

.7

%

Boeing

Co.

(The)

(a)

(b)

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

3,814

$

682,248

General

Dynamics

Corp.

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

2,672

674,386

HEICO

Corp.

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

1,751

284,205

HEICO

Corp.

,

Class

A

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

2,943

373,113

Howmet

Aerospace,

Inc.

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

17,877

673,427

Huntington

Ingalls

Industries,

Inc.

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

2,918

676,859

L3Harris

Technologies,

Inc.

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

2,962

672,611

Lockheed

Martin

Corp.

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

1,391

674,899

Northrop

Grumman

Corp.

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

1,274

679,411

Raytheon

Technologies

Corp.

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

6,955

686,598

Textron,

Inc.

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

9,465

675,612

TransDigm

Group,

Inc.

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

1,069

671,867

7,425,236

a

Air

Freight

&

Logistics

 — 

0

.6

%

CH

Robinson

Worldwide,

Inc.

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

6,831

684,603

Expeditors

International

of

Washington,

Inc.

.......

5,881

682,549

FedEx

Corp.

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

3,796

691,707

United

Parcel

Service,

Inc.

,

Class

B

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

3,706

703,139

2,761,998

a

Airlines

 — 

0

.3

%

Delta

Air

Lines,

Inc.

(a)

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

19,241

680,554

Southwest

Airlines

Co.

(a)

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

17,403

694,554

1,375,108

a

Auto

Components

 — 

0

.5

%

Aptiv

PLC

(a)

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

6,139

654,847

BorgWarner,

Inc.

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

15,709

667,790

Lear

Corp.

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

4,554

656,869

1,979,506

a

Automobiles

 — 

0

.8

%

Ford

Motor

Co.

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

47,408

658,971

General

Motors

Co.

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

16,677

676,419

Lucid

Group,

Inc.

(a)

(b)

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

58,903

597,277

Rivian

Automotive,

Inc.

,

Class

A

(a)

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

21,860

700,394

Tesla,

Inc.

(a)

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

3,681

716,691

3,349,752

a

Banks

 — 

3

.0

%

Bank

of

America

Corp.

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

17,834

675,017

Citigroup,

Inc.

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

13,630

659,828

Citizens

Financial

Group,

Inc.

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

16,413

695,583

Fifth

Third

Bancorp

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

18,615

676,841

First

Citizens

BancShares,

Inc.

,

Class

A

..........

842

687,459

First

Horizon

Corp.

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

27,115

673,808

First

Republic

Bank

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

5,439

694,071

Huntington

Bancshares,

Inc.

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

44,543

689,526

JPMorgan

Chase

&

Co.

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

4,956

684,820

KeyCorp

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

35,639

670,370

M&T

Bank

Corp.

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

3,887

660,868

PNC

Financial

Services

Group,

Inc.

(The)

........

4,128

694,577

Regions

Financial

Corp.

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

29,491

684,486

Signature

Bank

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

5,023

700,709

SVB

Financial

Group

(a)

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

2,967

687,691

Truist

Financial

Corp.

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

14,526

679,962

U.S.

Bancorp

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

15,289

693,968

Webster

Financial

Corp.

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

12,607

685,064

Wells

Fargo

&

Co.

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

14,263

683,911

12,978,559

a

Security

Shares

Value

a

Beverages

 — 

1

.1

%

Brown-Forman

Corp.

,

Class

B

,

NVS

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

9,503

$

693,909

Coca-Cola

Co.

(The)

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

10,848

690,041

Constellation

Brands,

Inc.

,

Class

A

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

2,678

689,183

Keurig

Dr

Pepper,

Inc.

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

17,724

685,387

Molson

Coors

Beverage

Co.

,

Class

B

...........

12,397

683,199

Monster

Beverage

Corp.

(a)

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

6,652

684,225

PepsiCo,

Inc.

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

3,658

678,596

4,804,540

a

Biotechnology

 — 

2

.3

%

AbbVie,

Inc.

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

4,280

689,851

Alnylam

Pharmaceuticals,

Inc.

(a)

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

3,051

673,020

Amgen,

Inc.

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

2,309

661,298

Biogen,

Inc.

(a)

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

2,190

668,322

BioMarin

Pharmaceutical,

Inc.

(a)

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

7,543

761,692

Exact

Sciences

Corp.

(a)

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

15,595

700,995

Gilead

Sciences,

Inc.

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

7,932

696,668

Horizon

Therapeutics

PLC

(a)

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

8,697

872,222

Incyte

Corp.

(a)

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

8,564

682,294

Moderna,

Inc.

(a)

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

3,652

642,423

Neurocrine

Biosciences,

Inc.

(a)

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

5,520

701,371

Regeneron

Pharmaceuticals,

Inc.

(a)

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

900

676,530

Seagen,

Inc.

(a)

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

5,034

611,077

Vertex

Pharmaceuticals,

Inc.

(a)

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

2,108

666,971

9,704,734

a

Building

Products

 — 

1

.6

%

A

O

Smith

Corp.

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

10,823

657,389

Allegion

PLC

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

5,871

667,239

Carlisle

Companies,

Inc.

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

2,645

695,926

Carrier

Global

Corp.

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

15,101

669,276

Fortune

Brands

Home

&

Security,

Inc.

...........

10,297

672,806

Johnson

Controls

International

PLC

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

9,902

657,889

Lennox

International,

Inc.

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

2,470

643,262

Masco

Corp.

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

13,283

674,511

Owens

Corning

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

7,364

654,218

Trane

Technologies

PLC

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

3,763

671,394

6,663,910

a

Capital

Markets

 — 

4

.7

%

Ameriprise

Financial,

Inc.

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

2,018

669,875

Ares

Management

Corp.

,

Class

A

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

8,624

676,035

Bank

of

New

York

Mellon

Corp.

(The)

...........

14,884

683,176

BlackRock,

Inc.

(c)

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

921

659,436

Blackstone,

Inc.

,

NVS

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

7,234

662,128

Carlyle

Group,

Inc.

(The)

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

23,444

730,749

Cboe

Global

Markets,

Inc.

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

5,459

692,420

Charles

Schwab

Corp.

(The)

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

8,310

685,907

CME

Group,

Inc.

,

Class

A

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

3,845

678,643

Coinbase

Global,

Inc.

,

Class

A

(a)

(b)

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

14,654

670,127

FactSet

Research

Systems,

Inc.

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

1,515

698,854

Franklin

Resources,

Inc.

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

25,456

682,475

Goldman

Sachs

Group,

Inc.

(The)

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

1,749

675,376

Intercontinental

Exchange,

Inc.

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

6,364

689,285

Invesco

Ltd.

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

35,019

669,213

KKR

&

Co.,

Inc.

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

12,794

664,265

LPL

Financial

Holdings,

Inc.

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

3,039

719,362

MarketAxess

Holdings,

Inc.

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

2,553

684,000

Moody's

Corp.

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

2,270

677,073

Morgan

Stanley

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

7,435

691,975

MSCI,

Inc.

,

Class

A

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

1,353

687,094

Nasdaq,

Inc.

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

10,123

693,021

Northern

Trust

Corp.

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

7,184

668,902

Raymond

James

Financial,

Inc.

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

5,455

637,690

S&P

Global,

Inc.

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

1,918

676,670

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2022

iShares

®

MSCI

USA

Equal

Weighted

ETF

(Percentages

shown

are

based

on

Net

Assets)

2

Security

Shares

Value

a

Capital

Markets

(continued)

SEI

Investments

Co.

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

10,891

$

678,292

State

Street

Corp.

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

8,774

699,025

T

Rowe

Price

Group,

Inc.

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

5,433

678,636

Tradeweb

Markets,

Inc.

,

Class

A

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

11,585

712,014

19,791,718

a

Chemicals

 — 

2

.9

%

Air

Products

and

Chemicals,

Inc.

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

2,237

693,828

Albemarle

Corp.

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

2,395

665,786

Celanese

Corp.

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

6,552

703,030

CF

Industries

Holdings,

Inc.

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

6,545

708,103

Corteva,

Inc.

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

10,172

683,151

Dow,

Inc.

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

13,246

675,149

DuPont

de

Nemours,

Inc.

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

9,560

674,076

Eastman

Chemical

Co.

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

7,872

681,873

Ecolab,

Inc.

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

4,478

670,939

FMC

Corp.

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

5,196

678,805

International

Flavors

&

Fragrances,

Inc.

..........

6,749

714,179

Linde

PLC

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

1,980

666,230

LyondellBasell

Industries

NV

,

Class

A

...........

8,059

685,096

Mosaic

Co.

(The)

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

13,544

694,807

PPG

Industries,

Inc.

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

5,163

698,141

RPM

International,

Inc.

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

6,593

683,167

Sherwin-Williams

Co.

(The)

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

2,763

688,484

Westlake

Corp.

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

6,351

683,685

12,348,529

a

Commercial

Services

&

Supplies

 — 

0

.9

%

Cintas

Corp.

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

1,476

681,587

Copart,

Inc.

(a)

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

10,296

685,302

Republic

Services,

Inc.

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

4,954

690,043

Rollins,

Inc.

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

15,620

631,673

Waste

Connections,

Inc.

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

4,731

683,629

Waste

Management,

Inc.

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

4,115

690,168

4,062,402

a

Communications

Equipment

 — 

0

.8

%

Arista

Networks,

Inc.

(a)

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

4,896

682,013

Cisco

Systems,

Inc.

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

13,878

690,014

F5,

Inc.

(a)

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

4,440

686,469

Juniper

Networks,

Inc.

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

21,009

698,339

Motorola

Solutions,

Inc.

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

2,522

686,488

3,443,323

a

Construction

&

Engineering

 — 

0

.2

%

Quanta

Services,

Inc.

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

4,461

668,615

a

Construction

Materials

 — 

0

.3

%

Martin

Marietta

Materials,

Inc.

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

1,861

682,019

Vulcan

Materials

Co.

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

3,708

679,788

1,361,807

a

Consumer

Finance

 — 

0

.8

%

Ally

Financial,

Inc.

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

25,500

688,755

American

Express

Co.

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

4,349

685,359

Capital

One

Financial

Corp.

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

6,702

691,915

Discover

Financial

Services

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

6,184

670,098

Synchrony

Financial

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

18,480

694,478

3,430,605

a

Containers

&

Packaging

 — 

1

.3

%

Amcor

PLC

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

56,135

693,267

Avery

Dennison

Corp.

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

3,524

681,295

Ball

Corp.

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

12,039

675,147

Crown

Holdings,

Inc.

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

8,249

678,150

International

Paper

Co.

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

18,542

688,279

Security

Shares

Value

a

Containers

&

Packaging

(continued)

Packaging

Corp.

of

America

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

5,140

$

698,475

Sealed

Air

Corp.

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

12,969

690,340

Westrock

Co.

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

18,166

688,855

5,493,808

a

Distributors

 — 

0

.5

%

Genuine

Parts

Co.

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

3,671

673,004

LKQ

Corp.

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

12,278

667,064

Pool

Corp.

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

2,060

678,585

2,018,653

a

Diversified

Financial

Services

 — 

0

.5

%

Apollo

Global

Management,

Inc.

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

10,708

743,028

Berkshire

Hathaway,

Inc.

,

Class

B

(a)

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

2,134

679,892

Equitable

Holdings,

Inc.

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

21,640

686,854

2,109,774

a

Diversified

Telecommunication

Services

 — 

0

.6

%

AT&T,

Inc.

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

34,963

674,086

Liberty

Global

PLC

,

Class

A

(a)

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

12,336

247,707

Liberty

Global

PLC

,

Class

C

,

NVS

(a)

(b)

...........

21,416

442,883

Lumen

Technologies,

Inc.

(a)

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

112,989

618,050

Verizon

Communications,

Inc.

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

17,205

670,651

2,653,377

a

Electric

Utilities

 — 

2

.6

%

Alliant

Energy

Corp.

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

12,002

675,713

American

Electric

Power

Co.,

Inc.

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

7,266

703,349

Constellation

Energy

Corp.

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

7,109

683,317

Duke

Energy

Corp.

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

6,852

684,720

Edison

International

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

10,746

716,328

Entergy

Corp.

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

5,926

689,016

Evergy,

Inc.

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

11,309

669,606

Eversource

Energy

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

8,327

689,975

Exelon

Corp.

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

17,191

711,192

FirstEnergy

Corp.

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

17,236

710,813

NextEra

Energy,

Inc.

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

7,972

675,228

NRG

Energy,

Inc.

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

15,702

666,550

PG&E

Corp.

(a)

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

44,157

693,265

PPL

Corp.

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

23,611

696,997

Southern

Co.

(The)

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

10,115

684,178

Xcel

Energy,

Inc.

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

9,699

681,064

11,031,311

a

Electrical

Equipment

 — 

1

.3

%

AMETEK,

Inc.

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

4,761

678,062

Eaton

Corp.

PLC

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

4,019

656,906

Emerson

Electric

Co.

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

7,078

677,860

Generac

Holdings,

Inc.

(a)

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

6,447

680,287

Hubbell,

Inc.

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

2,616

664,621

Plug

Power,

Inc.

(a)

(b)

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

41,871

668,261

Rockwell

Automation,

Inc.

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

2,505

661,871

Sensata

Technologies

Holding

PLC

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

15,063

679,341

5,367,209

a

Electronic

Equipment,

Instruments

&

Components

 — 

1

.6

%

Amphenol

Corp.

,

Class

A

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

8,321

669,258

Arrow

Electronics,

Inc.

(a)

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

6,137

667,337

CDW

Corp.

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

3,574

674,199

Cognex

Corp.

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

13,893

691,594

Corning,

Inc.

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

19,571

667,958

Keysight

Technologies,

Inc.

(a)

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

3,858

697,874

TE

Connectivity

Ltd.

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

5,248

661,878

Teledyne

Technologies,

Inc.

(a)

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

1,629

684,343

Trimble,

Inc.

(a)

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

11,437

683,361

iShares

®

MSCI

USA

Equal

Weighted

ETF

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2022

(Percentages

shown

are

based

on

Net

Assets)

3

Schedule

of

Investments

Security

Shares

Value

a

Electronic

Equipment,

Instruments

&

Components

(continued)

Zebra

Technologies

Corp.

,

Class

A

(a)

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

2,590

$

700,025

6,797,827

a

Energy

Equipment

&

Services

 — 

0

.5

%

Baker

Hughes

Co.

,

Class

A

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

22,768

660,727

Halliburton

Co.

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

18,067

684,559

Schlumberger

Ltd.

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

12,411

639,787

1,985,073

a

Entertainment

 — 

1

.6

%

Activision

Blizzard,

Inc.

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

8,951

661,926

Electronic

Arts,

Inc.

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

5,099

666,847

Liberty

Media

Corp.-Liberty

Formula

One

,

Series

C

,

NVS

(a)

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

11,513

701,602

Live

Nation

Entertainment,

Inc.

(a)

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

10,017

728,837

Netflix,

Inc.

(a)

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

2,303

703,636

ROBLOX

Corp.

,

Class

A

(a)

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

20,909

664,279

Roku,

Inc.

,

Class

A

(a)

(b)

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

11,918

707,572

Take-Two

Interactive

Software,

Inc.

(a)

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

6,715

709,708

Walt

Disney

Co.

(The)

(a)

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

7,225

707,111

Warner

Bros

Discovery,

Inc.

,

Series

A

(a)

..........

61,583

702,046

6,953,564

a

Equity

Real

Estate

Investment

Trusts

(REITs)

 — 

5

.6

%

Alexandria

Real

Estate

Equities,

Inc.

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

4,417

687,329

American

Homes

4

Rent

,

Class

A

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

20,726

685,409

American

Tower

Corp.

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

3,072

679,680

AvalonBay

Communities,

Inc.

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

3,920

685,608

Boston

Properties,

Inc.

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

9,356

674,380

Camden

Property

Trust

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

5,776

695,026

Crown

Castle,

Inc.

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

4,883

690,603

Digital

Realty

Trust,

Inc.

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

6,004

675,210

Equinix,

Inc.

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

1,024

707,226

Equity

LifeStyle

Properties,

Inc.

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

10,168

675,359

Equity

Residential

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

10,539

683,559

Essex

Property

Trust,

Inc.

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

3,135

690,891

Extra

Space

Storage,

Inc.

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

4,194

673,934

Gaming

and

Leisure

Properties,

Inc.

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

13,228

695,925

Healthcare

Realty

Trust,

Inc.

,

Class

A

...........

34,135

700,791

Healthpeak

Properties,

Inc.

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

26,906

706,552

Host

Hotels

&

Resorts,

Inc.

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

36,184

685,325

Invitation

Homes,

Inc.

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

21,210

692,082

Iron

Mountain,

Inc.

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

12,682

689,013

Kimco

Realty

Corp.

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

29,943

686,294

Medical

Properties

Trust,

Inc.

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

53,617

703,455

Mid-America

Apartment

Communities,

Inc.

........

4,179

689,033

Prologis,

Inc.

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

5,789

681,886

Public

Storage

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

2,260

673,390

Realty

Income

Corp.

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

10,251

646,531

Regency

Centers

Corp.

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

10,112

671,740

SBA

Communications

Corp.

,

Class

A

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

2,282

683,003

Simon

Property

Group,

Inc.

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

5,625

671,850

Sun

Communities,

Inc.

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

4,638

681,322

UDR,

Inc.

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

16,499

684,213

Ventas,

Inc.

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

15,050

700,276

VICI

Properties,

Inc.

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

20,534

702,263

Welltower,

Inc.

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

9,785

695,029

Weyerhaeuser

Co.

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

20,553

672,289

WP

Carey,

Inc.

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

8,320

655,616

23,972,092

a

Food

&

Staples

Retailing

 — 

0

.8

%

Costco

Wholesale

Corp.

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

1,273

686,465

Kroger

Co.

(The)

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

13,743

676,018

Sysco

Corp.

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

7,797

674,519

Security

Shares

Value

a

Food

&

Staples

Retailing

(continued)

Walgreens

Boots

Alliance,

Inc.

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

16,685

$

692,428

Walmart,

Inc.

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

4,415

672,934

3,402,364

a

Food

Products

 — 

2

.4

%

Archer-Daniels-Midland

Co.

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

6,971

679,673

Bunge

Ltd.

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

6,586

690,476

Campbell

Soup

Co.

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

12,864

690,411

Conagra

Brands,

Inc.

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

18,449

700,693

Darling

Ingredients,

Inc.

(a)

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

9,283

666,798

General

Mills,

Inc.

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

8,185

698,181

Hershey

Co.

(The)

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

2,945

692,576

Hormel

Foods

Corp.

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

13,630

640,610

JM

Smucker

Co.

(The)

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

4,538

698,897

Kellogg

Co.

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

9,393

685,219

Kraft

Heinz

Co.

(The)

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

17,408

685,005

Lamb

Weston

Holdings,

Inc.

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

7,894

685,989

McCormick

&

Co.,

Inc.

,

NVS

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

7,918

674,455

Mondelez

International,

Inc.

,

Class

A

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

10,205

689,960

Tyson

Foods,

Inc.

,

Class

A

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

10,123

670,952

10,249,895

a

Gas

Utilities

 — 

0

.3

%

Atmos

Energy

Corp.

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

5,765

692,953

UGI

Corp.

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

17,178

663,930

1,356,883

a

Health

Care

Equipment

&

Supplies

 — 

3

.5

%

Abbott

Laboratories

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

6,403

688,835

ABIOMED,

Inc.

(a)

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

1,758

664,155

Align

Technology,

Inc.

(a)

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

3,427

673,954

Baxter

International,

Inc.

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

12,059

681,695

Becton

Dickinson

and

Co.

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

2,940

733,060

Boston

Scientific

Corp.

(a)

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

15,439

698,923

Cooper

Companies,

Inc.

(The)

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

2,158

682,683

Dentsply

Sirona,

Inc.

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

21,306

644,719

Dexcom,

Inc.

(a)

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

5,832

678,145

Edwards

Lifesciences

Corp.

(a)

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

8,839

682,813

Hologic,

Inc.

(a)

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

9,026

687,420

IDEXX

Laboratories,

Inc.

(a)

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

1,602

682,244

Insulet

Corp.

(a)

(b)

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

2,244

671,786

Intuitive

Surgical,

Inc.

(a)

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

2,530

684,087

Masimo

Corp.

(a)

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

4,689

679,624

Medtronic

PLC

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

8,158

644,808

Novocure

Ltd.

(a)

(b)

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

8,559

657,674

ResMed,

Inc.

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

2,956

680,471

STERIS

PLC

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

3,995

742,031

Stryker

Corp.

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

2,966

693,718

Teleflex,

Inc.

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

3,051

714,300

Zimmer

Biomet

Holdings,

Inc.

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

5,813

698,141

15,065,286

a

Health

Care

Providers

&

Services

 — 

2

.6

%

AmerisourceBergen

Corp.

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

4,094

698,805

Cardinal

Health,

Inc.

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

8,538

684,491

Centene

Corp.

(a)

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

8,022

698,315

Cigna

Corp.

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

2,078

683,433

CVS

Health

Corp.

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

6,813

694,108

DaVita,

Inc.

(a)

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

9,388

692,177

Elevance

Health,

Inc.

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

1,339

713,580

HCA

Healthcare,

Inc.

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

2,883

692,554

Henry

Schein,

Inc.

(a)

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

8,405

680,133

Humana,

Inc.

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

1,252

688,475

Laboratory

Corp.

of

America

Holdings

...........

2,881

693,457

McKesson

Corp.

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

1,794

684,734

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2022

iShares

®

MSCI

USA

Equal

Weighted

ETF

(Percentages

shown

are

based

on

Net

Assets)

4

Security

Shares

Value

a

Health

Care

Providers

&

Services

(continued)

Molina

Healthcare,

Inc.

(a)

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

2,087

$

702,839

Quest

Diagnostics,

Inc.

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

4,530

687,790

UnitedHealth

Group,

Inc.

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

1,251

685,248

Universal

Health

Services,

Inc.

,

Class

B

.........

5,155

674,532

11,054,671

a

Health

Care

Technology

 — 

0

.2

%

Veeva

Systems,

Inc.

,

Class

A

(a)

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

3,603

685,867

a

Hotels,

Restaurants

&

Leisure

 — 

3

.1

%

Airbnb,

Inc.

,

Class

A

(a)

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

6,784

692,918

Aramark

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

16,320

678,912

Booking

Holdings,

Inc.

(a)

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

342

711,172

Caesars

Entertainment,

Inc.

(a)

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

13,270

674,249

Carnival

Corp.

(a)

(b)

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

70,036

695,457

Chipotle

Mexican

Grill,

Inc.

(a)

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

441

717,489

Darden

Restaurants,

Inc.

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

4,508

662,631

Domino's

Pizza,

Inc.

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

1,803

700,880

Expedia

Group,

Inc.

(a)

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

6,746

720,743

Hilton

Worldwide

Holdings,

Inc.

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

4,754

678,015

Las

Vegas

Sands

Corp.

(a)

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

15,205

712,202

Marriott

International,

Inc.

,

Class

A

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

4,101

678,100

McDonald's

Corp.

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

2,426

661,789

MGM

Resorts

International

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

18,052

665,397

Royal

Caribbean

Cruises

Ltd.

(a)

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

11,301

677,269

Starbucks

Corp.

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

6,771

691,996

Vail

Resorts,

Inc.

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

2,725

701,797

Wynn

Resorts

Ltd.

(a)

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

8,727

730,101

Yum!

Brands,

Inc.

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

5,323

684,857

13,135,974

a

Household

Durables

 — 

1

.3

%

DR

Horton,

Inc.

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

8,149

700,814

Garmin

Ltd.

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

7,286

677,525

Lennar

Corp.

,

Class

A

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

7,830

687,709

Mohawk

Industries,

Inc.

(a)

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

6,634

672,223

Newell

Brands,

Inc.

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

49,681

644,363

NVR,

Inc.

(a)

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

151

700,491

PulteGroup,

Inc.

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

15,478

693,105

Whirlpool

Corp.

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

4,499

659,238

5,435,468

a

Household

Products

 — 

0

.8

%

Church

&

Dwight

Co.,

Inc.

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

8,679

710,550

Clorox

Co.

(The)

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

4,518

671,601

Colgate-Palmolive

Co.

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

8,674

672,061

Kimberly-Clark

Corp.

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

5,048

684,660

Procter

&

Gamble

Co.

(The)

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

4,680

698,069

3,436,941

a

Independent

Power

and

Renewable

Electricity

Producers

 — 

0

.3

%

AES

Corp.

(The)

(b)

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

23,978

693,444

Vistra

Corp.

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

28,950

704,353

1,397,797

a

Industrial

Conglomerates

 — 

0

.5

%

3M

Co.

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

5,232

659,075

General

Electric

Co.

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

7,759

667,041

Honeywell

International,

Inc.

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

3,092

678,849

2,004,965

a

Insurance

 — 

4

.3

%

Aflac,

Inc.

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

9,349

672,474

Allstate

Corp.

(The)

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

4,997

669,098

American

Financial

Group,

Inc.

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

4,667

663,741

American

International

Group,

Inc.

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

11,088

699,764

Security

Shares

Value

a

Insurance

(continued)

Aon

PLC

,

Class

A

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

2,201

$

678,524

Arch

Capital

Group

Ltd.

(a)

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

11,501

689,025

Arthur

J

Gallagher

&

Co.

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

3,413

679,562

Assurant,

Inc.

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

4,720

605,198

Brown

&

Brown,

Inc.

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

11,648

694,104

Chubb

Ltd.

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

3,156

693,026

Cincinnati

Financial

Corp.

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

6,207

688,729

Erie

Indemnity

Co.

,

Class

A

,

NVS

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

2,475

698,915

Everest

Re

Group

Ltd.

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

2,050

692,777

Fidelity

National

Financial,

Inc.

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

16,706

674,254

Globe

Life,

Inc.

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

5,832

699,607

Hartford

Financial

Services

Group,

Inc.

(The)

......

9,000

687,330

Lincoln

National

Corp.

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

17,579

684,526

Loews

Corp.

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

11,714

681,169

Markel

Corp.

(a)

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

527

698,191

Marsh

&

McLennan

Companies,

Inc.

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

3,960

685,793

MetLife,

Inc.

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

8,785

673,810

Principal

Financial

Group,

Inc.

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

7,297

654,395

Progressive

Corp.

(The)

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

5,167

682,819

Prudential

Financial,

Inc.

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

6,180

667,625

Travelers

Companies,

Inc.

(The)

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

3,594

682,177

W

R

Berkley

Corp.

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

9,045

689,953

Willis

Towers

Watson

PLC

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

2,850

701,556

18,388,142

a

Interactive

Media

&

Services

 — 

1

.0

%

Alphabet,

Inc.

,

Class

A

(a)

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

3,530

356,495

Alphabet,

Inc.

,

Class

C

,

NVS

(a)

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

3,265

331,234

Match

Group,

Inc.

(a)

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

14,294

722,704

Meta

Platforms,

Inc.

,

Class

A

(a)

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

5,919

699,034

Pinterest,

Inc.

,

Class

A

(a)

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

27,204

691,526

Snap,

Inc.

,

Class

A

,

NVS

(a)

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

63,046

650,004

ZoomInfo

Technologies,

Inc.

(a)

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

24,925

712,855

4,163,852

a

Internet

&

Direct

Marketing

Retail

 — 

1

.0

%

Amazon.com,

Inc.

(a)

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

7,045

680,124

Chewy,

Inc.

,

Class

A

(a)

(b)

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

16,208

699,051

DoorDash,

Inc.

,

Class

A

(a)

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

11,378

662,769

eBay,

Inc.

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

14,519

659,743

Etsy,

Inc.

(a)

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

5,822

769,028

MercadoLibre,

Inc.

(a)

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

689

641,449

4,112,164

a

IT

Services

 — 

4

.7

%

Accenture

PLC

,

Class

A

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

2,315

696,653

Affirm

Holdings,

Inc.

,

Class

A

(a)

(b)

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

49,093

683,374

Akamai

Technologies,

Inc.

(a)

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

7,292

691,719

Automatic

Data

Processing,

Inc.

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

2,591

684,387

Block,

Inc.

,

Class

A

(a)

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

10,077

682,918

Broadridge

Financial

Solutions,

Inc.

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

4,587

683,967

Cloudflare,

Inc.

,

Class

A

(a)

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

14,109

693,316

Cognizant

Technology

Solutions

Corp.

,

Class

A

.....

11,060

688,043

EPAM

Systems,

Inc.

(a)

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

1,942

715,782

Fidelity

National

Information

Services,

Inc.

........

10,800

783,864

Fiserv,

Inc.

(a)

(b)

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

6,642

693,159

FleetCor

Technologies,

Inc.

(a)

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

3,519

690,428

Gartner,

Inc.

(a)

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

1,964

688,127

Global

Payments,

Inc.

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

6,767

702,279

GoDaddy,

Inc.

,

Class

A

(a)

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

8,959

708,926

International

Business

Machines

Corp.

..........

4,492

668,859

Jack

Henry

&

Associates,

Inc.

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

3,548

671,814

Mastercard,

Inc.

,

Class

A

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

1,930

687,852

MongoDB,

Inc.

,

Class

A

(a)

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

4,148

633,358

Okta,

Inc.

,

Class

A

(a)

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

13,302

709,263

iShares

®

MSCI

USA

Equal

Weighted

ETF

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2022

(Percentages

shown

are

based

on

Net

Assets)

5

Schedule

of

Investments

Security

Shares

Value

a

IT

Services

(continued)

Paychex,

Inc.

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

5,489

$

680,801

PayPal

Holdings,

Inc.

(a)

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

7,810

612,382

Snowflake,

Inc.

,

Class

A

(a)

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

4,554

650,767

SS&C

Technologies

Holdings,

Inc.

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

12,701

682,806

Toast,

Inc.

,

Class

A

(a)

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

36,442

669,075

Twilio,

Inc.

,

Class

A

(a)

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

13,467

660,152

VeriSign,

Inc.

(a)

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

3,414

682,151

Visa,

Inc.

,

Class

A

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

3,146

682,682

Western

Union

Co.

(The)

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

47,750

700,015

19,878,919

a

Leisure

Products

 — 

0

.2

%

Hasbro,

Inc.

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

11,143

700,003

a

Life

Sciences

Tools

&

Services

 — 

2

.2

%

Agilent

Technologies,

Inc.

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

4,537

703,144

Avantor,

Inc.

(a)

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

31,765

707,724

Bio-Rad

Laboratories,

Inc.

,

Class

A

(a)

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

1,666

690,907

Bio-Techne

Corp.

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

7,924

673,461

Charles

River

Laboratories

International,

Inc.

(a)

.....

2,739

626,053

Danaher

Corp.

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

2,545

695,828

Illumina,

Inc.

(a)

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

3,007

655,766

IQVIA

Holdings,

Inc.

(a)

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

3,102

676,298

Mettler-Toledo

International,

Inc.

(a)

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

473

695,102

PerkinElmer,

Inc.

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

4,871

680,625

Repligen

Corp.

(a)

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

3,770

674,227

Thermo

Fisher

Scientific,

Inc.

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

1,239

694,113

Waters

Corp.

(a)

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

2,065

715,729

West

Pharmaceutical

Services,

Inc.

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

2,948

691,778

9,580,755

a

Machinery

 — 

2

.7

%

Caterpillar,

Inc.

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

2,866

677,551

Cummins,

Inc.

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

2,650

665,574

Deere

&

Co.

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

1,601

706,041

Dover

Corp.

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

4,755

674,972

Fortive

Corp.

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

9,957

672,595

IDEX

Corp.

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

2,840

674,472

Illinois

Tool

Works,

Inc.

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

2,923

664,895

Ingersoll

Rand,

Inc.

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

12,351

666,583

Nordson

Corp.

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

2,887

682,747

Otis

Worldwide

Corp.

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

8,529

666,030

PACCAR,

Inc.

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

6,385

676,235

Parker-Hannifin

Corp.

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

2,170

648,700

Pentair

PLC

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

14,729

674,146

Snap-on,

Inc.

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

2,806

675,124

Stanley

Black

&

Decker,

Inc.

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

8,270

675,824

Westinghouse

Air

Brake

Technologies

Corp.

.......

6,689

676,191

Xylem,

Inc.

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

5,889

661,629

11,439,309

a

Media

 — 

2

.0

%

Charter

Communications,

Inc.

,

Class

A

(a)

(b)

........

1,772

693,366

Comcast

Corp.

,

Class

A

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

19,224

704,367

DISH

Network

Corp.

,

Class

A

(a)

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

43,549

698,961

Fox

Corp.

,

Class

A

,

NVS

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

14,814

480,714

Fox

Corp.

,

Class

B

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

7,037

214,769

Interpublic

Group

of

Companies,

Inc.

(The)

.......

20,038

688,506

Liberty

Broadband

Corp.

,

Class

C

,

NVS

(a)

........

7,689

698,623

Liberty

Media

Corp.-Liberty

SiriusXM

,

Series

A

(a)

(b)

...

4,879

213,798

Liberty

Media

Corp.-Liberty

SiriusXM

,

Series

C

,

NVS

(a)

10,883

477,002

News

Corp.

,

Class

A

,

NVS

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

37,198

712,342

Omnicom

Group,

Inc.

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

8,591

685,218

Paramount

Global

,

Class

B

,

NVS

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

35,544

713,723

Sirius

XM

Holdings,

Inc.

(b)

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

103,794

673,623

Security

Shares

Value

a

Media

(continued)

Trade

Desk,

Inc.

(The)

,

Class

A

(a)

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

13,326

$

694,818

8,349,830

a

Metals

&

Mining

 — 

1

.0

%

Alcoa

Corp.

(b)

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

14,019

702,772

Cleveland-Cliffs,

Inc.

(a)

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

46,284

716,476

Freeport-McMoRan,

Inc.

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

18,251

726,390

Newmont

Corp.

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

14,696

697,619

Nucor

Corp.

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

4,670

700,267

Steel

Dynamics,

Inc.

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

6,590

684,899

4,228,423

a

Mortgage

Real

Estate

Investment

Trusts

(REITs)

 — 

0

.2

%

Annaly

Capital

Management,

Inc.

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

33,312

721,871

a

Multiline

Retail

 — 

0

.5

%

Dollar

General

Corp.

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

2,574

658,120

Dollar

Tree,

Inc.

(a)

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

4,060

610,178

Target

Corp.

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

4,072

680,309

1,948,607

a

Multi-Utilities

 — 

1

.6

%

Ameren

Corp.

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

7,696

687,407

CenterPoint

Energy,

Inc.

(b)

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

22,354

695,433

CMS

Energy

Corp.

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

11,054

675,068

Consolidated

Edison,

Inc.

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

7,091

695,202

Dominion

Energy,

Inc.

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

11,211

685,104

DTE

Energy

Co.

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

5,787

671,350

NiSource,

Inc.

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

25,199

704,060

Public

Service

Enterprise

Group,

Inc.

...........

11,497

696,143

Sempra

Energy

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

4,202

698,330

WEC

Energy

Group,

Inc.

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

6,930

687,040

6,895,137

a

Oil,

Gas

&

Consumable

Fuels

 — 

3

.9

%

APA

Corp.

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

14,313

670,564

Cheniere

Energy,

Inc.

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

3,954

693,373

Chesapeake

Energy

Corp.

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

6,709

694,382

Chevron

Corp.

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

3,624

664,315

ConocoPhillips

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

5,158

637,065

Coterra

Energy,

Inc.

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

24,934

695,908

Devon

Energy

Corp.

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

9,527

652,790

Diamondback

Energy,

Inc.

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

4,246

628,493

EOG

Resources,

Inc.

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

4,703

667,497

EQT

Corp.

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

16,165

685,558

Exxon

Mobil

Corp.

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

5,918

658,910

Hess

Corp.

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

4,606

662,850

HF

Sinclair

Corp.

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

10,409

648,897

Kinder

Morgan,

Inc.

,

Class

P

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

36,007

688,454

Marathon

Oil

Corp.

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

21,534

659,586

Marathon

Petroleum

Corp.

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

5,473

666,666

Occidental

Petroleum

Corp.

(b)

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

9,309

646,882

ONEOK,

Inc.

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

10,288

688,473

Ovintiv,

Inc.

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

12,179

679,101

Phillips

66

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

6,085

659,857

Pioneer

Natural

Resources

Co.

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

2,654

626,318

Targa

Resources

Corp.

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

9,170

682,156

Texas

Pacific

Land

Corp.

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

245

635,172

Valero

Energy

Corp.

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

4,820

644,048

Williams

Companies,

Inc.

(The)

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

19,858

689,073

16,626,388

a

Personal

Products

 — 

0

.2

%

Estee

Lauder

Companies,

Inc.

(The)

,

Class

A

......

2,841

669,879

a

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2022

iShares

®

MSCI

USA

Equal

Weighted

ETF

(Percentages

shown

are

based

on

Net

Assets)

6

Security

Shares

Value

a

Pharmaceuticals

 — 

1

.8

%

Bristol-Myers

Squibb

Co.

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

8,564

$

687,518

Catalent,

Inc.

(a)

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

15,410

772,503

Elanco

Animal

Health,

Inc.

(a)

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

55,688

716,705

Eli

Lilly

&

Co.

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

1,834

680,561

Jazz

Pharmaceuticals

PLC

(a)

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

4,506

707,036

Johnson

&

Johnson

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

3,764

669,992

Merck

&

Co.,

Inc.

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

6,363

700,693

Pfizer,

Inc.

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

13,752

689,388

Royalty

Pharma

PLC

,

Class

A

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

15,471

680,260

Viatris,

Inc.

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

60,295

665,054

Zoetis,

Inc.

,

Class

A

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

4,554

701,954

7,671,664

a

Professional

Services

 — 

1

.4

%

Booz

Allen

Hamilton

Holding

Corp.

,

Class

A

.......

6,185

658,084

Clarivate

PLC

(a)

(b)

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

71,625

701,209

CoStar

Group,

Inc.

(a)

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

8,208

665,176

Equifax,

Inc.

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

3,313

653,887

Jacobs

Solutions,

Inc.

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

5,262

665,853

Leidos

Holdings,

Inc.

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

6,239

682,110

Robert

Half

International,

Inc.

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

8,785

692,082

TransUnion

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

10,974

692,240

Verisk

Analytics,

Inc.

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

3,822

702,140

6,112,781

a

Real

Estate

Management

&

Development

 — 

0

.3

%

CBRE

Group,

Inc.

,

Class

A

(a)

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

8,808

701,117

Zillow

Group,

Inc.

,

Class

C

,

NVS

(a)

(b)

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

18,810

714,404

1,415,521

a

Road

&

Rail

 — 

1

.3

%

AMERCO

,

Series

N

,

NVS

(a)

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

11,435

722,349

CSX

Corp.

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

21,478

702,116

JB

Hunt

Transport

Services,

Inc.

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

3,691

678,738

Knight-Swift

Transportation

Holdings,

Inc.

,

Class

A

..

12,118

671,701

Norfolk

Southern

Corp.

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

2,688

689,472

Old

Dominion

Freight

Line,

Inc.

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

2,223

672,702

Uber

Technologies,

Inc.

(a)

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

22,902

667,364

Union

Pacific

Corp.

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

3,150

684,904

5,489,346

a

Semiconductors

&

Semiconductor

Equipment

 — 

3

.9

%

Advanced

Micro

Devices,

Inc.

(a)

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

9,015

699,834

Analog

Devices,

Inc.

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

4,098

704,487

Applied

Materials,

Inc.

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

6,335

694,316

Broadcom,

Inc.

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

1,289

710,278

Enphase

Energy,

Inc.

(a)

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

2,126

681,574

Entegris,

Inc.

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

9,043

698,933

First

Solar,

Inc.

(a)

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

3,981

686,842

Intel

Corp.

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

22,204

667,674

KLA

Corp.

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

1,762

692,730

Lam

Research

Corp.

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

1,452

685,896

Marvell

Technology,

Inc.

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

15,074

701,243

Microchip

Technology,

Inc.

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

8,942

708,117

Micron

Technology,

Inc.

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

11,322

652,713

Monolithic

Power

Systems,

Inc.

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

1,758

671,486

NVIDIA

Corp.

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

4,304

728,366

NXP

Semiconductors

NV

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

3,857

678,215

ON

Semiconductor

Corp.

(a)

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

9,153

688,306

Qorvo,

Inc.

(a)

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

6,705

665,471

QUALCOMM,

Inc.

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

5,355

677,354

Skyworks

Solutions,

Inc.

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

7,031

672,304

SolarEdge

Technologies,

Inc.

(a)

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

2,165

647,032

Teradyne,

Inc.

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

7,139

667,140

Texas

Instruments,

Inc.

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

3,786

683,222

Security

Shares

Value

a

Semiconductors

&

Semiconductor

Equipment

(continued)

Wolfspeed,

Inc.

(a)

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

7,285

$

662,352

16,425,885

a

Software

 — 

6

.0

%

Adobe,

Inc.

(a)

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

2,005

691,585

ANSYS,

Inc.

(a)

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

2,721

691,950

Aspen

Technology,

Inc.

(a)

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

2,765

637,332

Autodesk,

Inc.

(a)

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

3,169

639,980

Bentley

Systems,

Inc.

,

Class

B

(b)

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

17,209

681,648

Bill.com

Holdings,

Inc.

(a)

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

5,853

704,818

Black

Knight,

Inc.

(a)

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

10,909

676,249

Cadence

Design

Systems,

Inc.

(a)

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

4,019

691,429

Ceridian

HCM

Holding,

Inc.

(a)

(b)

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

10,160

695,350

Crowdstrike

Holdings,

Inc.

,

Class

A

(a)

(b)

..........

4,772

561,426

Datadog,

Inc.

,

Class

A

(a)

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

8,668

656,861

DocuSign,

Inc.

(a)

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

14,418

678,655

Dropbox,

Inc.

,

Class

A

(a)

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

29,769

701,358

Dynatrace,

Inc.

(a)

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

18,126

702,382

Fair

Isaac

Corp.

(a)

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

1,151

713,298

Fortinet,

Inc.

(a)

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

12,718

676,089

Gen

Digital,

Inc.

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

29,321

673,210

HubSpot,

Inc.

(a)

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

2,433

737,272

Intuit,

Inc.

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

1,745

711,245

Microsoft

Corp.

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

2,750

701,635

Oracle

Corp.

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

8,319

690,727

Palantir

Technologies,

Inc.

,

Class

A

(a)

...........

89,749

673,118

Palo

Alto

Networks,

Inc.

(a)

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

3,960

672,804

Paycom

Software,

Inc.

(a)

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

2,096

710,754

Paylocity

Holding

Corp.

(a)

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

3,199

696,838

PTC,

Inc.

(a)

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

5,379

684,263

Roper

Technologies,

Inc.

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

1,532

672,379

Salesforce,

Inc.

(a)

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

4,480

717,920

ServiceNow,

Inc.

(a)

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

1,661

691,474

Splunk,

Inc.

(a)

(b)

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

8,580

666,494

Synopsys,

Inc.

(a)

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

2,035

690,964

Tyler

Technologies,

Inc.

(a)

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

2,116

725,238

Unity

Software,

Inc.

(a)

(b)

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

19,125

755,629

VMware,

Inc.

,

Class

A

(a)

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

5,690

691,278

Workday,

Inc.

,

Class

A

(a)

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

4,520

758,908

Zoom

Video

Communications,

Inc.

,

Class

A

(a)

......

8,124

612,793

Zscaler,

Inc.

(a)

(b)

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

4,781

638,024

25,373,377

a

Specialty

Retail

 — 

2

.2

%

Advance

Auto

Parts,

Inc.

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

4,497

679,002

AutoZone,

Inc.

(a)

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

270

696,330

Bath

&

Body

Works,

Inc.

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

17,349

737,333

Best

Buy

Co.,

Inc.

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

9,205

785,187

Burlington

Stores,

Inc.

(a)

(b)

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

4,201

822,052

CarMax,

Inc.

(a)

(b)

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

9,965

691,172

Home

Depot,

Inc.

(The)

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

2,118

686,211

Lowe's

Companies,

Inc.

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

3,159

671,445

O'Reilly

Automotive,

Inc.

(a)

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

791

683,851

Ross

Stores,

Inc.

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

6,165

725,436

TJX

Companies,

Inc.

(The)

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

8,486

679,304

Tractor

Supply

Co.

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

3,017

682,777

Ulta

Beauty,

Inc.

(a)

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

1,506

700,049

9,240,149

a

Technology

Hardware,

Storage

&

Peripherals

 — 

1

.1

%

Apple,

Inc.

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

4,384

648,964

Dell

Technologies,

Inc.

,

Class

C

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

15,777

706,652

Hewlett

Packard

Enterprise

Co.

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

42,057

705,716

HP,

Inc.

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

22,498

675,840

NetApp,

Inc.

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

8,997

608,287

iShares

®

MSCI

USA

Equal

Weighted

ETF

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2022

(Percentages

shown

are

based

on

Net

Assets)

7

Schedule

of

Investments

Derivative

Financial

Instruments

Outstanding

as

of

Period

End

Security

Shares

Value

a

Technology

Hardware,

Storage

&

Peripherals

(continued)

Seagate

Technology

Holdings

PLC

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

12,154

$

643,797

Western

Digital

Corp.

(a)

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

17,994

661,280

4,650,536

a

Textiles,

Apparel

&

Luxury

Goods

 — 

0

.5

%

Lululemon

Athletica,

Inc.

(a)

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

1,907

725,251

Nike,

Inc.

,

Class

B

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

6,291

690,060

VF

Corp.

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

20,050

658,041

2,073,352

a

Tobacco

 — 

0

.3

%

Altria

Group,

Inc.

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

15,006

698,979

Philip

Morris

International,

Inc.

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

6,889

686,627

1,385,606

a

Trading

Companies

&

Distributors

 — 

0

.6

%

Fastenal

Co.

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

12,839

661,337

Ferguson

PLC

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

5,675

665,280

United

Rentals,

Inc.

(a)

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

1,919

677,464

WW

Grainger,

Inc.

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

1,111

670,000

2,674,081

a

Water

Utilities

 — 

0

.3

%

American

Water

Works

Co.,

Inc.

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

4,521

686,107

Essential

Utilities,

Inc.

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

14,076

679,026

1,365,133

a

Security

Shares

Value

a

Wireless

Telecommunication

Services

 — 

0

.2

%

T-Mobile

U.S.,

Inc.

(a)

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

4,456

$

674,906

a

Total

Long-Term

Investments — 99.8%

(Cost:

$

398,698,070

)

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

424,014,757

a

Short-Term

Securities

Money

Market

Funds

 — 

2

.8

%

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

,

4.06

%

(c)

(d)

(e)

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

12,190,026

12,191,245

a

Total

Short-Term

Securities — 2.8%

(Cost:

$

12,185,859

)

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

12,191,245

Total

Investments

—

102.6%

(Cost:

$

410,883,929

)

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

436,206,002

Liabilities

in

Excess

of

Other

Assets

—

(

2

.6

)

%

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

(

11,252,385

)

Net

Assets

—

100.0%

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

$

424,953,617

(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

November

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

08/31/22

Purchases

at

Cost

Proceeds

from

Sale

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

11/30/22

  Shares

Held

at

11/30/22

Income

  Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

$

19,441,960

$

—

$

(

7,244,754

)

(a)

$

(

265

)

$

(

5,696

)

$

12,191,245

12,190,026

$

46,138

(b)

$

—

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

(c)

......

572,417

—

(

572,417

)

(a)

—

—

—

—

3,773

—

BlackRock,

Inc.

...

656,394

25,095

(

73,406

)

6,799

44,554

659,436

921

4,807

—

$

6,534

$

38,858

$

12,850,681

$

54,718

$

—

(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.

(c)

As

of

period

end,

the

entity

is

no

longer

held.

Futures

Contracts

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value/

Unrealized

Appreciation

(Depreciation)

Long

Contracts

S&P

500

E-Mini

Index

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

3

‌

12/16/22

$

612

‌

$

14,849

‌

S&P

MidCap

400

E-Mini

Index

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

1

‌

12/16/22

258

‌

11,972

‌

$

26,821

‌

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2022

iShares

®

MSCI

USA

Equal

Weighted

ETF

8

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. 

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Common

Stocks

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

$

424,014,757

$

—

$

—

$

424,014,757

Short-Term

Securities

Money

Market

Funds

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

12,191,245

—

—

12,191,245

$

436,206,002

$

—

$

—

$

436,206,002

Derivative

Financial

Instruments

(a)

Assets

Equity

Contracts

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

$

26,821

$

—

$

—

$

26,821

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