iShares

®

MSCI

USA

Equal

Weighted

ETF

Schedule

of

Investments

(unaudited)

May

31,

2023

(Percentages

shown

are

based

on

Net

Assets)

1

Schedule

of

Investments

Security

Shares

Value

a

Common

Stocks

Aerospace

&

Defense

 — 

1

.9

%

Axon

Enterprise,

Inc.

(a)

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

3,332

$

642,776

Boeing

Co.

(The)

(a)

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

3,192

656,594

General

Dynamics

Corp.

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

3,114

635,817

HEICO

Corp.

(b)

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

1,586

245,164

HEICO

Corp.

,

Class

A

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

2,683

326,923

Howmet

Aerospace,

Inc.

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

14,590

623,723

Huntington

Ingalls

Industries,

Inc.

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

3,269

658,311

L3Harris

Technologies,

Inc.

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

3,557

625,748

Lockheed

Martin

Corp.

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

1,443

640,707

Northrop

Grumman

Corp.

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

1,480

644,525

Raytheon

Technologies

Corp.

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

6,824

628,763

Textron,

Inc.

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

10,175

629,527

TransDigm

Group,

Inc.

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

798

617,373

7,575,951

a

Air

Freight

&

Logistics

 — 

0

.6

%

CH

Robinson

Worldwide,

Inc.

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

6,532

617,535

Expeditors

International

of

Washington,

Inc.

.......

5,726

631,635

FedEx

Corp.

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

2,864

624,295

United

Parcel

Service,

Inc.

,

Class

B

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

3,838

640,946

2,514,411

a

Automobile

Components

 — 

0

.5

%

Aptiv

PLC

(a)

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

6,951

612,244

BorgWarner,

Inc.

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

14,214

630,106

Lear

Corp.

(a)

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

5,245

643,352

1,885,702

a

Automobiles

 — 

0

.8

%

Ford

Motor

Co.

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

56,307

675,684

General

Motors

Co.

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

20,085

650,955

Lucid

Group,

Inc.

(a)

(b)

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

91,361

708,961

Rivian

Automotive,

Inc.

,

Class

A

(a)

(b)

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

45,483

669,965

Tesla,

Inc.

(a)

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

3,641

742,509

3,448,074

a

Banks

 — 

2

.6

%

Bank

of

America

Corp.

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

23,336

648,508

Citigroup,

Inc.

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

14,351

636,036

Citizens

Financial

Group,

Inc.

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

25,056

645,944

Fifth

Third

Bancorp

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

26,134

634,272

First

Citizens

BancShares,

Inc.

,

Class

A

..........

502

626,094

First

Horizon

Corp.

(a)

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

60,291

621,600

Huntington

Bancshares,

Inc.

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

64,501

665,005

JPMorgan

Chase

&

Co.

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

4,713

639,601

KeyCorp

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

66,800

623,912

M&T

Bank

Corp.

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

5,394

642,749

PNC

Financial

Services

Group,

Inc.

(The)

........

5,537

641,351

Regions

Financial

Corp.

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

38,907

671,924

Truist

Financial

Corp.

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

22,087

672,991

U.S.

Bancorp

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

21,786

651,401

Webster

Financial

Corp.

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

18,252

648,859

Wells

Fargo

&

Co.

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

16,387

652,367

10,322,614

a

Beverages

 — 

1

.1

%

Brown-Forman

Corp.

,

Class

B

,

NVS

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

10,298

636,108

Coca-Cola

Co.

(The)

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

10,440

622,850

Constellation

Brands,

Inc.

,

Class

A

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

2,788

677,400

Keurig

Dr

Pepper,

Inc.

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

20,609

641,352

Molson

Coors

Beverage

Co.

,

Class

B

...........

10,477

648,003

Monster

Beverage

Corp.

(a)

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

10,991

644,292

Security

Shares

Value

a

Beverages

(continued)

PepsiCo,

Inc.

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

3,419

$

623,455

4,493,460

a

Biotechnology

 — 

2

.4

%

AbbVie,

Inc.

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

4,521

623,717

Alnylam

Pharmaceuticals,

Inc.

(a)

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

3,439

636,249

Amgen,

Inc.

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

2,936

647,828

Biogen,

Inc.

(a)

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

2,126

630,168

BioMarin

Pharmaceutical,

Inc.

(a)

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

7,138

620,578

Exact

Sciences

Corp.

(a)

(b)

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

7,886

643,340

Gilead

Sciences,

Inc.

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

8,370

643,988

Horizon

Therapeutics

PLC

(a)

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

6,511

651,295

Incyte

Corp.

(a)

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

10,319

635,135

Moderna,

Inc.

(a)

(b)

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

5,196

663,581

Neurocrine

Biosciences,

Inc.

(a)

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

6,974

624,382

Regeneron

Pharmaceuticals,

Inc.

(a)

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

864

635,524

Seagen,

Inc.

(a)

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

3,394

664,206

United

Therapeutics

Corp.

(a)

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

2,988

626,703

Vertex

Pharmaceuticals,

Inc.

(a)

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

1,920

621,254

9,567,948

a

Broadline

Retail

 — 

0

.6

%

Amazon.com,

Inc.

(a)

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

5,643

680,433

eBay,

Inc.

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

15,087

641,801

Etsy,

Inc.

(a)

(b)

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

7,362

596,690

MercadoLibre,

Inc.

(a)

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

500

619,500

2,538,424

a

Building

Products

 — 

1

.7

%

A

O

Smith

Corp.

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

9,587

612,993

Allegion

PLC

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

6,002

628,649

Builders

FirstSource,

Inc.

(a)

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

5,456

632,623

Carlisle

Companies,

Inc.

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

3,090

656,440

Carrier

Global

Corp.

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

15,344

627,570

Fortune

Brands

Innovations,

Inc.

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

10,032

606,434

Johnson

Controls

International

PLC

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

10,376

619,447

Lennox

International,

Inc.

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

2,277

627,336

Masco

Corp.

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

12,524

605,160

Owens

Corning

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

5,956

633,302

Trane

Technologies

PLC

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

3,791

618,805

6,868,759

a

Capital

Markets

 — 

4

.7

%

Ameriprise

Financial,

Inc.

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

2,159

644,397

Ares

Management

Corp.

,

Class

A

(a)

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

7,843

683,047

Bank

of

New

York

Mellon

Corp.

(The)

...........

16,042

644,888

BlackRock,

Inc.

(c)

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

983

646,372

Blackstone,

Inc.

,

NVS

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

7,896

676,213

Carlyle

Group,

Inc.

(The)

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

24,028

658,607

Cboe

Global

Markets,

Inc.

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

4,721

625,155

Charles

Schwab

Corp.

(The)

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

12,695

668,900

CME

Group,

Inc.

,

Class

A

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

3,608

644,930

Coinbase

Global,

Inc.

,

Class

A

(a)

(b)

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

11,553

718,597

FactSet

Research

Systems,

Inc.

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

1,656

637,378

Franklin

Resources,

Inc.

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

26,785

643,108

Goldman

Sachs

Group,

Inc.

(The)

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

2,011

651,363

Intercontinental

Exchange,

Inc.

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

6,072

643,328

Invesco

Ltd.

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

43,043

618,958

KKR

&

Co.,

Inc.

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

13,112

675,137

LPL

Financial

Holdings,

Inc.

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

3,313

645,306

MarketAxess

Holdings,

Inc.

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

2,304

627,633

Moody's

Corp.

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

2,082

659,744

Morgan

Stanley

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

7,976

652,118

MSCI,

Inc.

,

Class

A

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

1,396

656,860

Nasdaq,

Inc.

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

11,880

657,558

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2023

iShares

®

MSCI

USA

Equal

Weighted

ETF

(Percentages

shown

are

based

on

Net

Assets)

2

Security

Shares

Value

a

Capital

Markets

(continued)

Northern

Trust

Corp.

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

9,085

$

653,393

Raymond

James

Financial,

Inc.

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

7,270

656,844

S&P

Global,

Inc.

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

1,795

659,537

SEI

Investments

Co.

(a)

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

11,325

640,769

State

Street

Corp.

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

9,647

656,189

T

Rowe

Price

Group,

Inc.

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

6,153

659,355

Tradeweb

Markets,

Inc.

,

Class

A

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

9,386

628,393

18,934,077

a

Chemicals

 — 

2

.8

%

Air

Products

and

Chemicals,

Inc.

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

2,352

633,017

Albemarle

Corp.

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

3,213

621,812

Celanese

Corp.

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

6,109

635,458

CF

Industries

Holdings,

Inc.

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

9,906

609,318

Corteva,

Inc.

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

11,514

615,884

Dow,

Inc.

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

12,627

615,945

DuPont

de

Nemours,

Inc.

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

9,827

660,276

Eastman

Chemical

Co.

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

7,984

615,487

Ecolab,

Inc.

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

3,743

617,782

FMC

Corp.

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

6,023

626,874

International

Flavors

&

Fragrances,

Inc.

..........

7,839

605,876

Linde

PLC

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

1,766

624,564

LyondellBasell

Industries

NV

,

Class

A

...........

7,217

617,342

Mosaic

Co.

(The)

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

18,344

586,274

PPG

Industries,

Inc.

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

4,607

604,853

RPM

International,

Inc.

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

8,191

653,560

Sherwin-Williams

Co.

(The)

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

2,818

641,884

Westlake

Corp.

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

5,640

586,278

11,172,484

a

Commercial

Services

&

Supplies

 — 

1

.0

%

Cintas

Corp.

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

1,394

658,163

Copart,

Inc.

(a)

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

7,434

651,144

Republic

Services,

Inc.

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

4,521

640,309

Rollins,

Inc.

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

15,980

628,333

Waste

Connections,

Inc.

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

4,675

638,839

Waste

Management,

Inc.

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

3,967

642,337

3,859,125

a

Communications

Equipment

 — 

0

.8

%

Arista

Networks,

Inc.

(a)

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

4,558

758,178

Cisco

Systems,

Inc.

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

13,352

663,194

F5,

Inc.

(a)

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

4,602

679,163

Juniper

Networks,

Inc.

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

22,206

674,396

Motorola

Solutions,

Inc.

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

2,205

621,634

3,396,565

a

Construction

&

Engineering

 — 

0

.3

%

AECOM

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

8,274

645,786

Quanta

Services,

Inc.

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

3,820

678,355

1,324,141

a

Construction

Materials

 — 

0

.3

%

Martin

Marietta

Materials,

Inc.

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

1,606

639,252

Vulcan

Materials

Co.

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

3,326

650,233

1,289,485

a

Consumer

Finance

 — 

0

.8

%

Ally

Financial,

Inc.

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

24,819

661,923

American

Express

Co.

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

4,289

680,064

Capital

One

Financial

Corp.

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

6,698

697,998

Discover

Financial

Services

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

6,512

669,043

Synchrony

Financial

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

21,851

676,507

3,385,535

a

Security

Shares

Value

a

Consumer

Staples

Distribution

&

Retail

 — 

1

.4

%

Albertsons

Companies,

Inc.

,

Class

A

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

32,378

$

659,216

Costco

Wholesale

Corp.

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

1,321

675,771

Dollar

General

Corp.

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

3,048

612,922

Dollar

Tree,

Inc.

(a)

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

4,098

552,738

Kroger

Co.

(The)

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

13,215

599,036

Sysco

Corp.

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

9,022

631,089

Target

Corp.

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

4,308

564,047

Walgreens

Boots

Alliance,

Inc.

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

20,971

636,889

Walmart,

Inc.

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

4,376

642,703

5,574,411

a

Containers

&

Packaging

 — 

1

.2

%

Amcor

PLC

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

64,122

618,136

Avery

Dennison

Corp.

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

3,858

621,640

Ball

Corp.

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

12,014

614,636

Crown

Holdings,

Inc.

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

8,044

613,194

International

Paper

Co.

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

20,525

604,256

Packaging

Corp.

of

America

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

5,067

628,460

Sealed

Air

Corp.

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

15,489

586,259

Westrock

Co.

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

23,613

661,400

4,947,981

a

Distributors

 — 

0

.4

%

Genuine

Parts

Co.

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

3,981

592,891

LKQ

Corp.

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

11,764

620,551

Pool

Corp.

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

1,901

601,153

1,814,595

a

Diversified

REITs

 — 

0

.2

%

WP

Carey,

Inc.

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

9,544

661,972

a

Diversified

Telecommunication

Services

 — 

0

.5

%

AT&T,

Inc.

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

40,219

632,645

Liberty

Global

PLC

,

Class

A

(a)

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

14,547

237,116

Liberty

Global

PLC

,

Class

C

,

NVS

(a)

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

22,947

390,558

Verizon

Communications,

Inc.

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

18,196

648,323

1,908,642

a

Electric

Utilities

 — 

2

.6

%

Alliant

Energy

Corp.

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

12,469

641,655

American

Electric

Power

Co.,

Inc.

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

7,578

629,883

Constellation

Energy

Corp.

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

7,971

669,723

Duke

Energy

Corp.

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

7,112

635,030

Edison

International

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

9,613

649,070

Entergy

Corp.

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

6,524

640,657

Evergy,

Inc.

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

11,066

640,168

Eversource

Energy

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

8,965

620,647

Exelon

Corp.

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

16,428

651,370

FirstEnergy

Corp.

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

17,372

649,539

NextEra

Energy,

Inc.

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

8,807

646,962

NRG

Energy,

Inc.

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

19,587

661,845

PG&E

Corp.

(a)

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

39,493

669,011

PPL

Corp.

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

24,241

635,114

Southern

Co.

(The)

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

9,186

640,724

Xcel

Energy,

Inc.

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

9,950

649,636

10,331,034

a

Electrical

Equipment

 — 

1

.1

%

AMETEK,

Inc.

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

4,445

644,836

Eaton

Corp.

PLC

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

3,767

662,615

Emerson

Electric

Co.

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

7,952

617,711

Generac

Holdings,

Inc.

(a)

(b)

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

5,765

627,924

Hubbell,

Inc.

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

2,343

661,804

Rockwell

Automation,

Inc.

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

2,332

649,695

iShares

®

MSCI

USA

Equal

Weighted

ETF

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2023

(Percentages

shown

are

based

on

Net

Assets)

3

Schedule

of

Investments

Security

Shares

Value

a

Electrical

Equipment

(continued)

Sensata

Technologies

Holding

PLC

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

15,822

$

656,930

4,521,515

a

Electronic

Equipment,

Instruments

&

Components

 — 

1

.6

%

Amphenol

Corp.

,

Class

A

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

8,654

652,944

Arrow

Electronics,

Inc.

(a)

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

5,324

674,231

CDW

Corp.

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

3,801

652,594

Cognex

Corp.

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

12,377

680,240

Corning,

Inc.

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

20,944

645,285

Keysight

Technologies,

Inc.

(a)

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

4,173

675,191

TE

Connectivity

Ltd.

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

5,281

646,817

Teledyne

Technologies,

Inc.

(a)

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

1,576

612,512

Trimble,

Inc.

(a)

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

13,706

639,659

Zebra

Technologies

Corp.

,

Class

A

(a)

(b)

...........

2,336

613,364

6,492,837

a

Energy

Equipment

&

Services

 — 

0

.5

%

Baker

Hughes

Co.

,

Class

A

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

23,286

634,543

Halliburton

Co.

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

21,743

622,937

Schlumberger

Ltd.

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

14,490

620,607

1,878,087

a

Entertainment

 — 

1

.6

%

Activision

Blizzard,

Inc.

(a)

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

8,347

669,429

Electronic

Arts,

Inc.

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

5,220

668,160

Liberty

Media

Corp.-Liberty

Formula

One

,

Series

C

,

NVS

(a)

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

8,948

629,939

Live

Nation

Entertainment,

Inc.

(a)

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

7,742

618,896

Netflix,

Inc.

(a)

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

1,795

709,438

ROBLOX

Corp.

,

Class

A

(a)

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

16,395

686,295

Roku,

Inc.

,

Class

A

(a)

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

12,469

725,696

Take-Two

Interactive

Software,

Inc.

(a)

(b)

..........

4,773

657,385

Walt

Disney

Co.

(The)

(a)

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

7,181

631,641

Warner

Bros

Discovery,

Inc.

,

Series

A

(a)

(b)

.........

53,768

606,503

6,603,382

a

Financial

Services

 — 

2

.1

%

Apollo

Global

Management,

Inc.

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

10,274

686,817

Berkshire

Hathaway,

Inc.

,

Class

B

(a)

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

1,985

637,344

Block,

Inc.

,

Class

A

(a)

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

11,185

675,462

Equitable

Holdings,

Inc.

(a)

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

26,774

657,034

Fidelity

National

Information

Services,

Inc.

........

11,541

629,792

Fiserv,

Inc.

(a)

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

5,487

615,587

FleetCor

Technologies,

Inc.

(a)

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

2,808

636,153

Global

Payments,

Inc.

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

6,434

628,538

Jack

Henry

&

Associates,

Inc.

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

4,408

673,939

Mastercard,

Inc.

,

Class

A

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

1,701

620,899

PayPal

Holdings,

Inc.

(a)

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

10,768

667,508

Toast,

Inc.

,

Class

A

(a)

(b)

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

31,522

661,016

Visa,

Inc.

,

Class

A

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

2,812

621,536

8,411,625

a

Food

Products

 — 

2

.4

%

Archer-Daniels-Midland

Co.

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

8,958

632,883

Bunge

Ltd.

(a)

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

7,252

671,825

Campbell

Soup

Co.

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

12,452

629,448

Conagra

Brands,

Inc.

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

18,303

638,226

Darling

Ingredients,

Inc.

(a)

(b)

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

10,120

641,406

General

Mills,

Inc.

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

7,486

630,022

Hershey

Co.

(The)

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

2,466

640,420

Hormel

Foods

Corp.

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

16,674

637,780

J

M

Smucker

Co.

(The)

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

4,319

633,122

Kellogg

Co.

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

9,462

631,778

Kraft

Heinz

Co.

(The)

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

16,790

641,714

Lamb

Weston

Holdings,

Inc.

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

5,730

637,176

McCormick

&

Co.,

Inc.

,

NVS

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

7,377

632,430

Security

Shares

Value

a

Food

Products

(continued)

Mondelez

International,

Inc.

,

Class

A

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

8,512

$

624,866

Tyson

Foods,

Inc.

,

Class

A

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

13,130

664,903

9,587,999

a

Gas

Utilities

 — 

0

.3

%

Atmos

Energy

Corp.

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

5,628

648,796

UGI

Corp.

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

23,403

654,582

1,303,378

a

Ground

Transportation

 — 

1

.2

%

CSX

Corp.

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

20,302

622,662

JB

Hunt

Transport

Services,

Inc.

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

3,896

650,515

Knight-Swift

Transportation

Holdings,

Inc.

,

Class

A

(a)

.

12,016

660,760

Norfolk

Southern

Corp.

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

3,023

629,328

Old

Dominion

Freight

Line,

Inc.

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

2,176

675,517

Uber

Technologies,

Inc.

(a)

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

16,743

635,062

U-Haul

Holding

Co.

,

Series

N

,

NVS

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

11,705

541,825

Union

Pacific

Corp.

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

3,297

634,739

5,050,408

a

Health

Care

Equipment

&

Supplies

 — 

3

.4

%

Abbott

Laboratories

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

6,022

614,244

Align

Technology,

Inc.

(a)

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

2,254

637,116

Baxter

International,

Inc.

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

15,259

621,347

Becton

Dickinson

&

Co.

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

2,604

629,543

Boston

Scientific

Corp.

(a)

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

12,229

629,549

Cooper

Companies,

Inc.

(The)

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

1,699

631,229

Dentsply

Sirona,

Inc.

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

16,322

589,551

Dexcom,

Inc.

(a)

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

5,600

656,656

Edwards

Lifesciences

Corp.

(a)

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

7,460

628,356

GE

HealthCare

Technologies,

Inc.

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

8,268

657,389

Hologic,

Inc.

(a)

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

8,056

635,538

IDEXX

Laboratories,

Inc.

(a)

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

1,344

624,651

Insulet

Corp.

(a)

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

2,179

597,591

Intuitive

Surgical,

Inc.

(a)

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

2,092

644,001

Masimo

Corp.

(a)

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

4,013

649,464

Medtronic

PLC

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

7,343

607,707

Novocure

Ltd.

(a)

(b)

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

8,256

592,863

ResMed,

Inc.

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

2,922

615,928

STERIS

PLC

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

3,189

637,704

Stryker

Corp.

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

2,299

633,558

Teleflex,

Inc.

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

2,691

631,712

Zimmer

Biomet

Holdings,

Inc.

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

4,859

618,745

13,784,442

a

Health

Care

Providers

&

Services

 — 

2

.5

%

AmerisourceBergen

Corp.

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

3,783

643,678

Cardinal

Health,

Inc.

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

7,634

628,278

Centene

Corp.

(a)

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

10,030

625,972

Cigna

Group

(The)

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

2,571

636,091

CVS

Health

Corp.

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

9,455

643,224

DaVita,

Inc.

(a)

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

6,538

612,415

Elevance

Health,

Inc.

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

1,434

642,174

HCA

Healthcare,

Inc.

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

2,322

613,449

Henry

Schein,

Inc.

(a)

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

8,528

630,219

Humana,

Inc.

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

1,277

640,888

Laboratory

Corp.

of

America

Holdings

...........

3,025

642,903

McKesson

Corp.

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

1,650

644,886

Molina

Healthcare,

Inc.

(a)

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

2,300

629,970

Quest

Diagnostics,

Inc.

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

4,989

661,791

UnitedHealth

Group,

Inc.

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

1,370

667,519

Universal

Health

Services,

Inc.

,

Class

B

.........

4,872

643,737

10,207,194

a

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2023

iShares

®

MSCI

USA

Equal

Weighted

ETF

(Percentages

shown

are

based

on

Net

Assets)

4

Security

Shares

Value

a

Health

Care

REITs

 — 

0

.6

%

Healthcare

Realty

Trust,

Inc.

,

Class

A

...........

34,616

$

644,204

Healthpeak

Properties,

Inc.

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

32,963

657,941

Ventas,

Inc.

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

14,652

632,087

Welltower,

Inc.

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

8,570

639,408

2,573,640

a

Health

Care

Technology

 — 

0

.2

%

Veeva

Systems,

Inc.

,

Class

A

(a)

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

3,967

657,332

a

Hotel

&

Resort

REITs

 — 

0

.2

%

Host

Hotels

&

Resorts,

Inc.

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

38,428

637,905

a

Hotels,

Restaurants

&

Leisure

 — 

3

.3

%

Airbnb,

Inc.

,

Class

A

(a)

(b)

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

6,109

670,585

Aramark

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

16,590

654,973

Booking

Holdings,

Inc.

(a)

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

237

594,579

Caesars

Entertainment,

Inc.

(a)

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

14,980

614,330

Carnival

Corp.

(a)

(b)

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

60,173

675,743

Chipotle

Mexican

Grill,

Inc.

(a)

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

311

645,788

Darden

Restaurants,

Inc.

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

4,064

644,225

Domino's

Pizza,

Inc.

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

2,099

608,395

DoorDash,

Inc.

,

Class

A

(a)

(b)

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

9,794

639,450

Expedia

Group,

Inc.

(a)

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

6,788

649,680

Hilton

Worldwide

Holdings,

Inc.

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

4,550

619,346

Hyatt

Hotels

Corp.

,

Class

A

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

5,775

620,697

Las

Vegas

Sands

Corp.

(a)

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

10,844

597,830

Marriott

International,

Inc.

,

Class

A

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

3,676

616,796

McDonald's

Corp.

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

2,219

632,659

MGM

Resorts

International

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

15,442

606,716

Royal

Caribbean

Cruises

Ltd.

(a)

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

8,241

667,274

Starbucks

Corp.

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

6,217

607,028

Vail

Resorts,

Inc.

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

2,701

656,883

Wynn

Resorts

Ltd.

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

5,948

587,068

Yum!

Brands,

Inc.

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

4,744

610,505

13,220,550

a

Household

Durables

 — 

1

.1

%

DR

Horton,

Inc.

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

5,953

636,018

Garmin

Ltd.

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

6,307

650,567

Lennar

Corp.

,

Class

A

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

5,775

618,618

Mohawk

Industries,

Inc.

(a)

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

6,793

625,228

NVR,

Inc.

(a)

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

112

622,073

PulteGroup,

Inc.

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

9,482

626,571

Whirlpool

Corp.

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

4,991

645,286

4,424,361

a

Household

Products

 — 

0

.8

%

Church

&

Dwight

Co.,

Inc.

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

6,903

638,182

Clorox

Co.

(The)

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

3,943

623,704

Colgate-Palmolive

Co.

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

8,207

610,437

Kimberly-Clark

Corp.

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

4,523

607,348

Procter

&

Gamble

Co.

(The)

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

4,283

610,328

3,089,999

a

Independent

Power

and

Renewable

Electricity

Producers

 — 

0

.3

%

AES

Corp.

(The)

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

31,522

622,244

Vistra

Corp.

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

26,763

641,509

1,263,753

a

Industrial

Conglomerates

 — 

0

.5

%

3M

Co.

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

6,624

618,086

General

Electric

Co.

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

6,292

638,827

Honeywell

International,

Inc.

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

3,324

636,878

1,893,791

a

Security

Shares

Value

a

Industrial

REITs

 — 

0

.2

%

Prologis,

Inc.

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

5,331

$

663,976

a

Insurance

 — 

4

.0

%

Aflac,

Inc.

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

9,808

629,772

Allstate

Corp.

(The)

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

5,569

603,958

American

Financial

Group,

Inc.

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

5,598

628,487

American

International

Group,

Inc.

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

12,181

643,522

Aon

PLC

,

Class

A

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

2,005

618,121

Arch

Capital

Group

Ltd.

(a)

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

8,629

601,441

Arthur

J

Gallagher

&

Co.

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

3,036

608,202

Assurant,

Inc.

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

4,720

566,353

Brown

&

Brown,

Inc.

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

9,885

616,132

Chubb

Ltd.

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

3,261

605,894

Cincinnati

Financial

Corp.

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

6,250

603,125

Erie

Indemnity

Co.

,

Class

A

,

NVS

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

2,889

618,535

Everest

Re

Group

Ltd.

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

1,742

592,315

Fidelity

National

Financial,

Inc.

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

18,876

644,427

Globe

Life,

Inc.

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

6,058

625,064

Hartford

Financial

Services

Group,

Inc.

(The)

......

9,209

631,001

Loews

Corp.

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

11,156

624,736

Markel

Group,

Inc.

(a)

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

483

635,015

Marsh

&

McLennan

Companies,

Inc.

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

3,633

629,163

MetLife,

Inc.

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

12,718

630,177

Principal

Financial

Group,

Inc.

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

9,449

618,531

Progressive

Corp.

(The)

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

4,874

623,433

Prudential

Financial,

Inc.

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

7,995

629,127

Travelers

Companies,

Inc.

(The)

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

3,571

604,356

W

R

Berkley

Corp.

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

11,379

633,583

Willis

Towers

Watson

PLC

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

2,873

628,756

16,093,226

a

Interactive

Media

&

Services

 — 

1

.0

%

Alphabet,

Inc.

,

Class

A

(a)

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

2,804

344,527

Alphabet,

Inc.

,

Class

C

,

NVS

(a)

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

2,529

312,003

Match

Group,

Inc.

(a)

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

20,602

710,769

Meta

Platforms,

Inc.

,

Class

A

(a)

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

2,670

706,803

Pinterest,

Inc.

,

Class

A

(a)

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

28,897

691,794

Snap,

Inc.

,

Class

A

,

NVS

(a)

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

67,487

688,367

ZoomInfo

Technologies,

Inc.

(a)

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

27,344

676,217

4,130,480

a

IT

Services

 — 

2

.2

%

Accenture

PLC

,

Class

A

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

2,263

692,297

Akamai

Technologies,

Inc.

(a)

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

7,517

692,466

Cloudflare,

Inc.

,

Class

A

(a)

(b)

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

11,312

782,338

Cognizant

Technology

Solutions

Corp.

,

Class

A

.....

10,411

650,583

EPAM

Systems,

Inc.

(a)

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

2,650

680,043

Gartner,

Inc.

(a)

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

1,983

679,891

GoDaddy,

Inc.

,

Class

A

(a)

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

9,169

672,821

International

Business

Machines

Corp.

..........

5,172

665,068

MongoDB,

Inc.

,

Class

A

(a)

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

2,384

700,395

Okta,

Inc.

,

Class

A

(a)

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

7,985

725,837

Snowflake,

Inc.

,

Class

A

(a)

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

3,710

613,486

Twilio,

Inc.

,

Class

A

(a)

(b)

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

12,809

891,763

VeriSign,

Inc.

(a)

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

2,885

644,278

9,091,266

a

Leisure

Products

 — 

0

.2

%

Hasbro,

Inc.

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

10,875

645,431

a

Life

Sciences

Tools

&

Services

 — 

2

.2

%

Agilent

Technologies,

Inc.

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

5,090

588,760

Avantor,

Inc.

(a)

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

31,311

624,341

Bio-Rad

Laboratories,

Inc.

,

Class

A

(a)

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

1,717

641,042

Bio-Techne

Corp.

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

7,820

639,598

iShares

®

MSCI

USA

Equal

Weighted

ETF

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2023

(Percentages

shown

are

based

on

Net

Assets)

5

Schedule

of

Investments

Security

Shares

Value

a

Life

Sciences

Tools

&

Services

(continued)

Charles

River

Laboratories

International,

Inc.

(a)

.....

3,307

$

639,508

Danaher

Corp.

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

2,873

659,698

Illumina,

Inc.

(a)

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

3,202

629,673

IQVIA

Holdings,

Inc.

(a)

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

3,289

647,637

Mettler-Toledo

International,

Inc.

(a)

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

473

625,245

Repligen

Corp.

(a)

(b)

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

4,119

691,663

Revvity,

Inc.

(b)

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

5,508

635,183

Thermo

Fisher

Scientific,

Inc.

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

1,244

632,524

Waters

Corp.

(a)

(b)

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

2,452

615,991

West

Pharmaceutical

Services,

Inc.

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

1,867

624,754

8,895,617

a

Machinery

 — 

2

.9

%

Caterpillar,

Inc.

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

3,054

628,361

Cummins,

Inc.

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

3,027

618,749

Deere

&

Co.

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

1,804

624,148

Dover

Corp.

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

4,703

627,051

Fortive

Corp.

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

9,984

650,058

Graco,

Inc.

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

8,405

642,898

IDEX

Corp.

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

3,200

637,312

Illinois

Tool

Works,

Inc.

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

2,877

629,286

Ingersoll

Rand,

Inc.

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

10,977

621,957

Nordson

Corp.

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

3,021

658,367

Otis

Worldwide

Corp.

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

7,757

616,759

PACCAR,

Inc.

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

9,142

628,787

Parker-Hannifin

Corp.

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

1,969

630,946

Pentair

PLC

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

11,088

615,051

Snap-on,

Inc.

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

2,515

625,883

Stanley

Black

&

Decker,

Inc.

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

8,038

602,609

Toro

Co.

(The)

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

6,233

609,774

Westinghouse

Air

Brake

Technologies

Corp.

.......

6,734

623,770

Xylem,

Inc.

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

6,248

626,050

11,917,816

a

Media

 — 

1

.8

%

Charter

Communications,

Inc.

,

Class

A

(a)

.........

1,927

628,491

Comcast

Corp.

,

Class

A

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

15,929

626,806

Fox

Corp.

,

Class

A

,

NVS

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

14,504

452,525

Fox

Corp.

,

Class

B

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

6,965

203,447

Interpublic

Group

of

Companies,

Inc.

(The)

.......

17,003

632,342

Liberty

Broadband

Corp.

,

Class

C

,

NVS

(a)

........

8,460

626,886

Liberty

Media

Corp.-Liberty

SiriusXM

,

Series

C

,

NVS

(a)

23,369

653,397

News

Corp.

,

Class

A

,

NVS

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

35,305

646,435

Omnicom

Group,

Inc.

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

7,031

620,064

Paramount

Global

,

Class

B

,

NVS

(b)

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

43,241

657,696

Sirius

XM

Holdings,

Inc.

(b)

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

185,828

661,548

Trade

Desk,

Inc.

(The)

,

Class

A

(a)

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

9,817

687,975

7,097,612

a

Metals

&

Mining

 — 

1

.1

%

Alcoa

Corp.

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

18,171

576,384

Cleveland-Cliffs,

Inc.

(a)

(b)

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

43,937

609,845

Freeport-McMoRan,

Inc.

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

18,359

630,448

Newmont

Corp.

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

15,025

609,264

Nucor

Corp.

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

4,730

624,644

Reliance

Steel

&

Aluminum

Co.

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

2,688

630,820

Steel

Dynamics,

Inc.

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

6,758

621,060

4,302,465

a

Mortgage

Real

Estate

Investment

Trusts

(REITs)

 — 

0

.2

%

Annaly

Capital

Management,

Inc.

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

34,237

646,395

a

Multi-Utilities

 — 

1

.6

%

Ameren

Corp.

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

7,798

632,184

CenterPoint

Energy,

Inc.

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

22,944

647,250

CMS

Energy

Corp.

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

11,188

648,680

Security

Shares

Value

a

Multi-Utilities

(continued)

Consolidated

Edison,

Inc.

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

6,891

$

642,930

Dominion

Energy,

Inc.

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

12,586

632,824

DTE

Energy

Co.

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

6,042

650,119

NiSource,

Inc.

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

23,976

644,715

Public

Service

Enterprise

Group,

Inc.

...........

10,652

636,457

Sempra

Energy

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

4,499

645,742

WEC

Energy

Group,

Inc.

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

7,295

637,218

6,418,119

a

Office

REITs

 — 

0

.3

%

Alexandria

Real

Estate

Equities,

Inc.

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

5,665

642,751

Boston

Properties,

Inc.

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

13,365

650,474

1,293,225

a

Oil,

Gas

&

Consumable

Fuels

 — 

3

.9

%

APA

Corp.

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

19,634

623,969

Cheniere

Energy,

Inc.

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

4,671

652,866

Chesapeake

Energy

Corp.

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

8,076

607,719

Chevron

Corp.

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

4,226

636,520

ConocoPhillips

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

6,410

636,513

Coterra

Energy,

Inc.

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

25,594

595,061

Devon

Energy

Corp.

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

13,333

614,651

Diamondback

Energy,

Inc.

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

5,037

640,455

EOG

Resources,

Inc.

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

5,725

614,235

EQT

Corp.

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

18,106

629,546

Exxon

Mobil

Corp.

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

6,173

630,757

Hess

Corp.

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

4,912

622,203

HF

Sinclair

Corp.

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

15,864

657,404

Kinder

Morgan,

Inc.

,

Class

P

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

39,708

639,696

Marathon

Oil

Corp.

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

28,434

630,097

Marathon

Petroleum

Corp.

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

5,947

623,900

Occidental

Petroleum

Corp.

(b)

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

11,108

640,487

ONEOK,

Inc.

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

11,209

635,102

Ovintiv,

Inc.

(a)

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

19,003

628,429

Phillips

66

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

6,909

632,933

Pioneer

Natural

Resources

Co.

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

3,140

626,242

Targa

Resources

Corp.

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

9,342

635,723

Texas

Pacific

Land

Corp.

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

487

634,902

Valero

Energy

Corp.

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

5,895

631,001

Williams

Companies,

Inc.

(The)

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

22,434

642,958

15,763,369

a

Passenger

Airlines

 — 

0

.3

%

Delta

Air

Lines,

Inc.

(a)

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

18,431

669,598

Southwest

Airlines

Co.

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

22,251

664,638

1,334,236

a

Personal

Care

Products

 — 

0

.1

%

Estee

Lauder

Companies,

Inc.

(The)

,

Class

A

......

3,282

603,986

a

Pharmaceuticals

 — 

1

.6

%

Bristol-Myers

Squibb

Co.

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

9,963

642,016

Catalent,

Inc.

(a)

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

17,648

657,035

Eli

Lilly

&

Co.

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

1,483

636,889

Jazz

Pharmaceuticals

PLC

(a)

(b)

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

4,885

626,061

Johnson

&

Johnson

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

4,128

640,088

Merck

&

Co.,

Inc.

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

5,680

627,129

Pfizer,

Inc.

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

17,840

678,277

Royalty

Pharma

PLC

,

Class

A

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

19,459

637,088

Viatris,

Inc.

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

70,308

643,318

Zoetis,

Inc.

,

Class

A

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

3,653

595,475

6,383,376

a

Professional

Services

 — 

2

.6

%

Automatic

Data

Processing,

Inc.

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

3,034

634,076

Booz

Allen

Hamilton

Holding

Corp.

,

Class

A

(a)

......

7,079

712,006

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2023

iShares

®

MSCI

USA

Equal

Weighted

ETF

(Percentages

shown

are

based

on

Net

Assets)

6

Security

Shares

Value

a

Professional

Services

(continued)

Broadridge

Financial

Solutions,

Inc.

(a)

...........

4,280

$

627,962

Ceridian

HCM

Holding,

Inc.

(a)

(b)

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

10,658

659,197

Clarivate

PLC

(a)

(b)

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

89,736

699,941

CoStar

Group,

Inc.

(a)

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

8,356

663,466

Equifax,

Inc.

(b)

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

3,122

651,312

Jacobs

Solutions,

Inc.

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

5,610

614,856

Leidos

Holdings,

Inc.

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

8,367

653,128

Paychex,

Inc.

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

6,094

639,443

Paycom

Software,

Inc.

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

2,299

644,019

Paylocity

Holding

Corp.

(a)

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

3,775

652,131

Robert

Half

International,

Inc.

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

9,596

623,932

SS&C

Technologies

Holdings,

Inc.

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

11,672

641,493

TransUnion

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

9,285

668,334

Verisk

Analytics,

Inc.

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

2,953

647,032

10,432,328

a

Real

Estate

Management

&

Development

 — 

0

.3

%

CBRE

Group,

Inc.

,

Class

A

(a)

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

8,488

635,921

Zillow

Group,

Inc.

,

Class

C

,

NVS

(a)

(b)

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

14,492

660,980

1,296,901

a

Residential

REITs

 — 

1

.6

%

American

Homes

4

Rent

,

Class

A

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

19,436

666,266

AvalonBay

Communities,

Inc.

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

3,722

647,553

Camden

Property

Trust

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

6,159

643,431

Equity

LifeStyle

Properties,

Inc.

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

10,076

636,501

Equity

Residential

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

10,675

649,040

Essex

Property

Trust,

Inc.

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

3,127

675,620

Invitation

Homes,

Inc.

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

19,564

662,828

Mid-America

Apartment

Communities,

Inc.

........

4,427

651,035

Sun

Communities,

Inc.

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

5,080

643,280

UDR,

Inc.

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

16,261

645,074

6,520,628

a

Retail

REITs

 — 

0

.6

%

Kimco

Realty

Corp.

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

35,806

658,114

Realty

Income

Corp.

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

10,938

650,155

Regency

Centers

Corp.

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

11,382

640,465

Simon

Property

Group,

Inc.

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

6,226

654,664

2,603,398

a

Semiconductors

&

Semiconductor

Equipment

 — 

4

.3

%

Advanced

Micro

Devices,

Inc.

(a)

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

6,199

732,784

Analog

Devices,

Inc.

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

3,443

611,787

Applied

Materials,

Inc.

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

5,167

688,761

Broadcom,

Inc.

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

961

776,450

Enphase

Energy,

Inc.

(a)

(b)

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

4,040

702,475

Entegris,

Inc.

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

6,778

713,384

First

Solar,

Inc.

(a)

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

3,223

654,140

Intel

Corp.

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

21,917

689,070

KLA

Corp.

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

1,548

685,748

Lam

Research

Corp.

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

1,114

687,004

Lattice

Semiconductor

Corp.

(a)

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

7,868

639,747

Marvell

Technology,

Inc.

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

14,430

844,011

Microchip

Technology,

Inc.

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

8,424

633,990

Micron

Technology,

Inc.

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

9,623

656,289

Monolithic

Power

Systems,

Inc.

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

1,518

743,683

NVIDIA

Corp.

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

2,098

793,757

NXP

Semiconductors

NV

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

3,749

671,446

ON

Semiconductor

Corp.

(a)

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

7,776

650,074

Qorvo,

Inc.

(a)

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

6,902

671,288

QUALCOMM,

Inc.

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

6,197

702,802

Skyworks

Solutions,

Inc.

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

6,453

667,950

SolarEdge

Technologies,

Inc.

(a)

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

2,220

632,323

Teradyne,

Inc.

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

6,756

676,884

Security

Shares

Value

a

Semiconductors

&

Semiconductor

Equipment

(continued)

Texas

Instruments,

Inc.

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

3,856

$

670,481

Wolfspeed,

Inc.

(a)

(b)

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

14,898

715,700

17,312,028

a

Software

 — 

6

.2

%

Adobe,

Inc.

(a)

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

1,767

738,235

ANSYS,

Inc.

(a)

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

2,147

694,748

Aspen

Technology,

Inc.

(a)

(b)

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

3,879

635,846

Atlassian

Corp.

,

Class

A

(a)

(b)

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

4,463

806,866

Autodesk,

Inc.

(a)

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

3,265

651,008

Bentley

Systems,

Inc.

,

Class

B

(a)

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

14,242

694,725

BILL

Holdings,

Inc.

(a)

(b)

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

6,930

717,809

Black

Knight,

Inc.

(a)

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

11,794

681,457

Cadence

Design

Systems,

Inc.

(a)

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

3,027

698,965

Crowdstrike

Holdings,

Inc.

,

Class

A

(a)

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

4,533

725,869

Datadog,

Inc.

,

Class

A

(a)

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

7,123

676,044

DocuSign,

Inc.

(a)

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

12,349

696,484

Dropbox,

Inc.

,

Class

A

(a)

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

28,984

667,212

Dynatrace,

Inc.

(a)

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

13,379

682,195

Fair

Isaac

Corp.

(a)

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

868

683,698

Fortinet,

Inc.

(a)

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

9,421

643,737

Gen

Digital,

Inc.

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

40,492

710,230

HubSpot,

Inc.

(a)

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

1,365

707,056

Intuit,

Inc.

(b)

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

1,471

616,525

Microsoft

Corp.

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

2,061

676,812

Oracle

Corp.

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

6,379

675,791

Palantir

Technologies,

Inc.

,

Class

A

(a)

...........

56,018

824,025

Palo

Alto

Networks,

Inc.

(a)

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

3,477

741,957

PTC,

Inc.

(a)

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

4,888

656,947

Roper

Technologies,

Inc.

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

1,433

650,897

Salesforce,

Inc.

(a)

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

3,118

696,499

ServiceNow,

Inc.

(a)

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

1,285

700,042

Splunk,

Inc.

(a)

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

6,817

676,860

Synopsys,

Inc.

(a)

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

1,606

730,666

Tyler

Technologies,

Inc.

(a)

(b)

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

1,665

660,938

UiPath,

Inc.

,

Class

A

(a)

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

42,348

757,606

Unity

Software,

Inc.

(a)

(b)

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

22,542

669,948

VMware,

Inc.

,

Class

A

(a)

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

5,217

711,025

Workday,

Inc.

,

Class

A

(a)

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

3,352

710,590

Zoom

Video

Communications,

Inc.

,

Class

A

(a)

......

9,456

634,781

Zscaler,

Inc.

(a)

(b)

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

5,256

712,083

25,016,176

a

Specialized

REITs

 — 

1

.8

%

American

Tower

Corp.

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

3,439

634,289

Crown

Castle,

Inc.

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

5,801

656,731

Digital

Realty

Trust,

Inc.

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

7,228

740,581

Equinix,

Inc.

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

907

676,214

Extra

Space

Storage,

Inc.

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

4,429

638,972

Gaming

and

Leisure

Properties,

Inc.

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

13,492

649,505

Iron

Mountain,

Inc.

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

11,849

632,973

Public

Storage

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

2,302

652,157

SBA

Communications

Corp.

,

Class

A

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

2,811

623,424

VICI

Properties,

Inc.

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

20,759

642,076

Weyerhaeuser

Co.

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

22,169

635,363

7,182,285

a

Specialty

Retail

 — 

2

.3

%

Advance

Auto

Parts,

Inc.

(a)

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

5,587

407,236

AutoZone,

Inc.

(a)

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

247

589,549

Bath

&

Body

Works,

Inc.

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

17,715

624,277

Best

Buy

Co.,

Inc.

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

9,301

675,904

Burlington

Stores,

Inc.

(a)

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

3,907

587,847

CarMax,

Inc.

(a)

(b)

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

9,142

660,144

Chewy,

Inc.

,

Class

A

(a)

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

20,732

611,387

iShares

®

MSCI

USA

Equal

Weighted

ETF

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2023

(Percentages

shown

are

based

on

Net

Assets)

7

Schedule

of

Investments

Security

Shares

Value

a

Specialty

Retail

(continued)

Dick's

Sporting

Goods,

Inc.

(a)

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

5,179

$

660,374

Home

Depot,

Inc.

(The)

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

2,255

639,180

Lowe's

Companies,

Inc.

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

3,180

639,593

O'Reilly

Automotive,

Inc.

(a)

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

687

620,574

Ross

Stores,

Inc.

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

6,262

648,868

TJX

Companies,

Inc.

(The)

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

8,267

634,823

Tractor

Supply

Co.

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

2,942

616,614

Ulta

Beauty,

Inc.

(a)

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

1,336

547,533

9,163,903

a

Technology

Hardware,

Storage

&

Peripherals

 — 

1

.1

%

Apple,

Inc.

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

3,745

663,801

Dell

Technologies,

Inc.

,

Class

C

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

13,738

615,600

Hewlett

Packard

Enterprise

Co.

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

45,776

660,090

HP,

Inc.

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

21,479

624,180

NetApp,

Inc.

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

9,966

661,244

Seagate

Technology

Holdings

PLC

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

10,536

633,214

Western

Digital

Corp.

(a)

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

17,118

662,980

4,521,109

a

Textiles,

Apparel

&

Luxury

Goods

 — 

0

.6

%

Deckers

Outdoor

Corp.

(a)

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

1,442

684,950

Lululemon

Athletica,

Inc.

(a)

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

1,780

590,835

Nike,

Inc.

,

Class

B

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

5,716

601,666

VF

Corp.

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

34,398

592,334

2,469,785

a

Tobacco

 — 

0

.3

%

Altria

Group,

Inc.

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

14,481

643,246

Philip

Morris

International,

Inc.

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

7,039

633,580

1,276,826

a

Trading

Companies

&

Distributors

 — 

0

.8

%

Fastenal

Co.

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

11,927

642,269

Ferguson

PLC

(a)

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

4,416

639,923

Security

Shares

Value

a

Trading

Companies

&

Distributors

(continued)

United

Rentals,

Inc.

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

1,879

$

627,191

Watsco,

Inc.

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

1,949

632,197

WW

Grainger,

Inc.

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

962

624,357

3,165,937

a

Water

Utilities

 — 

0

.3

%

American

Water

Works

Co.,

Inc.

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

4,637

669,814

Essential

Utilities,

Inc.

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

16,297

663,940

1,333,754

a

Wireless

Telecommunication

Services

 — 

0

.2

%

T-Mobile

U.S.,

Inc.

(a)

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

4,718

647,546

a

Total

Long-Term

Investments — 99.5%

(Cost:

$

406,006,940

)

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

401,640,787

a

Short-Term

Securities

Money

Market

Funds

 — 

4

.7

%

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

,

5.29

%

(c)

(d)

(e)

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

18,297,453

18,301,112

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

,

5.07

%

(c)

(d)

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

841,893

841,893

a

Total

Short-Term

Securities — 4.7%

(Cost:

$

19,136,218

)

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

19,143,005

Total

Investments

—

104.2%

(Cost:

$

425,143,158

)

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

420,783,792

Liabilities

in

Excess

of

Other

Assets

—

(

4

.2

)

%

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

(

17,050,740

)

Net

Assets

—

100.0%

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

$

403,733,052

(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

May

31,

2023

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

05/31/23

  Shares

Held

at

05/31/23

Income

  Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

$

19,441,960

$

—

$

(

1,135,500

)

(a)

$

(

1,053

)

$

(

4,295

)

$

18,301,112

18,297,453

$

137,824

(b)

$

—

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

.....

572,417

269,476

(a)

—

—

—

841,893

841,893

19,858

—

BlackRock,

Inc.

.

656,394

243,105

(

238,475

)

61,308

(

75,960

)

646,372

983

14,747

—

$

60,255

$

(

80,255

)

$

19,789,377

$

172,429

$

—

(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.

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2023

iShares

®

MSCI

USA

Equal

Weighted

ETF

8

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

S&P

500

Index

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

6

‌

06/16/23

$

1,257

‌

$

29,921

‌

E-Mini

S&P

MidCap

400

Index

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

2

‌

06/16/23

482

‌

(

63

)

$

29,858

‌

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Common

Stocks

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

$

401,640,787

$

—

$

—

$

401,640,787

Short-Term

Securities

Money

Market

Funds

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

19,143,005

—

—

19,143,005

$

420,783,792

$

—

$

—

$

420,783,792

Derivative

Financial

Instruments

(a)

Assets

Equity

Contracts

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

$

29,921

$

—

$

—

$

29,921

Liabilities

Equity

Contracts

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

(

63

)

—

—

(

63

)

$

29,858

$

—

$

—

$

29,858

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