iShares

®

MSCI

USA

Equal

Weighted

ETF

Schedule

of

Investments

(unaudited)

May

31,

2024

(Percentages

shown

are

based

on

Net

Assets)

1

Schedule

of

Investments

Security

Shares

Value

a

Common

Stocks

Aerospace

&

Defense

 — 2.2%

Axon

Enterprise,

Inc.

(a)

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

4,298

$

1,210,618

Boeing

Co.

(The)

(a)

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

6,651

1,181,284

General

Dynamics

Corp.

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

4,209

1,261,732

General

Electric

Co.

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

7,704

1,272,238

HEICO

Corp.

(b)

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

2,500

554,425

HEICO

Corp.,

Class

A

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

4,044

710,369

Howmet

Aerospace,

Inc.

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

14,653

1,240,376

Huntington

Ingalls

Industries,

Inc.

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

4,890

1,237,659

L3Harris

Technologies,

Inc.

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

5,464

1,228,471

Lockheed

Martin

Corp.

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

2,630

1,236,994

Northrop

Grumman

Corp.

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

2,610

1,176,510

RTX

Corp.

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

11,738

1,265,474

Textron,

Inc.

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

13,952

1,222,335

TransDigm

Group,

Inc.

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

938

1,259,950

16,058,435

a

Air

Freight

&

Logistics

 — 0.7%

CH

Robinson

Worldwide,

Inc.

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

14,955

1,291,663

Expeditors

International

of

Washington,

Inc.

.......

10,387

1,255,788

FedEx

Corp.

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

4,888

1,241,357

United

Parcel

Service,

Inc.,

Class

B

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

8,444

1,173,125

4,961,933

a

Automobile

Components

 — 0.2%

Aptiv

PLC

(a)

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

15,016

1,250,232

a

Automobiles

 — 0.7%

Ford

Motor

Co.

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

102,586

1,244,368

General

Motors

Co.

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

27,760

1,248,923

Rivian

Automotive,

Inc.,

Class

A

(a)(b)

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

122,715

1,340,048

Tesla,

Inc.

(a)

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

6,592

1,173,903

5,007,242

a

Banks

 — 2.4%

Bank

of

America

Corp.

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

31,404

1,255,846

Citigroup,

Inc.

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

19,268

1,200,589

Citizens

Financial

Group,

Inc.

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

34,491

1,217,187

Fifth

Third

Bancorp

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

32,994

1,234,636

First

Citizens

BancShares,

Inc.,

Class

A

..........

696

1,182,107

Huntington

Bancshares,

Inc.

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

90,163

1,255,069

JPMorgan

Chase

&

Co.

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

6,205

1,257,319

KeyCorp

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

81,631

1,173,037

M&T

Bank

Corp.

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

8,141

1,234,176

PNC

Financial

Services

Group,

Inc.

(The)

........

7,832

1,232,679

Regions

Financial

Corp.

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

63,276

1,224,391

Truist

Financial

Corp.

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

31,356

1,183,689

U.S.

Bancorp

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

30,317

1,229,354

Wells

Fargo

&

Co.

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

20,190

1,209,785

17,089,864

a

Beverages

 — 1.3%

Brown-Forman

Corp.,

Class

B,

NVS

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

25,954

1,190,250

Celsius

Holdings,

Inc.

(a)

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

12,882

1,030,302

Coca-Cola

Co.

(The)

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

19,664

1,237,456

Constellation

Brands,

Inc.,

Class

A

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

4,921

1,231,382

Keurig

Dr

Pepper,

Inc.

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

36,563

1,252,283

Molson

Coors

Beverage

Co.,

Class

B

...........

22,459

1,230,978

Monster

Beverage

Corp.

(a)

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

22,871

1,187,462

PepsiCo,

Inc.

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

6,734

1,164,309

9,524,422

a

Biotechnology

 — 2.2%

AbbVie,

Inc.

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

7,604

1,226,069

Alnylam

Pharmaceuticals,

Inc.

(a)

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

8,240

1,223,063

Security

Shares

Value

a

Biotechnology

(continued)

Amgen,

Inc.

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

3,940

$

1,205,049

Biogen,

Inc.

(a)

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

5,395

1,213,551

BioMarin

Pharmaceutical,

Inc.

(a)

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

15,909

1,194,289

Exact

Sciences

Corp.

(a)

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

23,025

1,046,486

Gilead

Sciences,

Inc.

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

18,355

1,179,676

Incyte

Corp.

(a)

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

21,452

1,239,711

Moderna,

Inc.

(a)

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

8,592

1,224,790

Neurocrine

Biosciences,

Inc.

(a)

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

8,778

1,188,629

Regeneron

Pharmaceuticals,

Inc.

(a)

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

1,243

1,218,339

United

Therapeutics

Corp.

(a)(b)

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

4,505

1,239,461

Vertex

Pharmaceuticals,

Inc.

(a)

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

2,789

1,269,943

15,669,056

a

Broadline

Retail

 — 0.7%

Amazon.com,

Inc.

(a)

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

6,646

1,172,620

eBay,

Inc.

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

23,771

1,288,864

Etsy,

Inc.

(a)(b)

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

19,185

1,217,672

MercadoLibre,

Inc.

(a)

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

699

1,206,180

4,885,336

a

Building

Products

 — 1.8%

A

O

Smith

Corp.

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

14,340

1,199,398

Allegion

PLC

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

9,996

1,217,713

Builders

FirstSource,

Inc.

(a)

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

7,364

1,184,057

Carlisle

Companies,

Inc.

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

2,921

1,221,825

Carrier

Global

Corp.

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

18,695

1,181,337

Fortune

Brands

Innovations,

Inc.

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

17,194

1,204,612

Johnson

Controls

International

PLC

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

16,947

1,218,659

Lennox

International,

Inc.

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

2,518

1,265,547

Masco

Corp.

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

17,683

1,236,395

Owens

Corning

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

6,992

1,266,041

Trane

Technologies

PLC

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

3,703

1,212,584

13,408,168

a

Capital

Markets

 — 4.8%

Ameriprise

Financial,

Inc.

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

2,844

1,241,719

Ares

Management

Corp.,

Class

A

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

8,700

1,219,479

Bank

of

New

York

Mellon

Corp.

(The)

...........

21,325

1,271,183

BlackRock,

Inc.

(c)

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

1,510

1,165,765

Blackstone,

Inc.,

NVS

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

9,647

1,162,464

Carlyle

Group,

Inc.

(The)

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

27,868

1,197,209

Cboe

Global

Markets,

Inc.

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

6,697

1,158,514

Charles

Schwab

Corp.

(The)

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

15,617

1,144,414

CME

Group,

Inc.,

Class

A

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

5,828

1,182,967

Coinbase

Global,

Inc.,

Class

A

(a)(b)

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

5,468

1,235,331

FactSet

Research

Systems,

Inc.

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

2,720

1,099,587

Franklin

Resources,

Inc.

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

51,870

1,224,132

Goldman

Sachs

Group,

Inc.

(The)

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

2,658

1,213,430

Intercontinental

Exchange,

Inc.

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

8,892

1,190,639

KKR

&

Co.,

Inc.

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

11,663

1,199,423

LPL

Financial

Holdings,

Inc.

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

4,578

1,310,269

MarketAxess

Holdings,

Inc.

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

5,646

1,123,159

Moody's

Corp.

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

2,965

1,177,075

Morgan

Stanley

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

12,232

1,196,779

MSCI,

Inc.,

Class

A

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

2,426

1,201,307

Nasdaq,

Inc.

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

19,688

1,162,183

Northern

Trust

Corp.

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

14,634

1,232,768

Raymond

James

Financial,

Inc.

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

9,969

1,223,695

Robinhood

Markets,

Inc.,

Class

A

(a)(b)

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

58,925

1,231,533

S&P

Global,

Inc.

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

2,728

1,166,247

SEI

Investments

Co.

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

17,708

1,199,009

State

Street

Corp.

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

16,016

1,210,649

T

Rowe

Price

Group,

Inc.

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

10,500

1,237,215

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2024

iShares

®

MSCI

USA

Equal

Weighted

ETF

(Percentages

shown

are

based

on

Net

Assets)

2

Security

Shares

Value

a

Capital

Markets

(continued)

Tradeweb

Markets,

Inc.,

Class

A

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

11,110

$

1,211,101

34,789,245

a

Chemicals

 — 2.9%

Air

Products

and

Chemicals,

Inc.

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

4,655

1,241,488

Albemarle

Corp.

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

9,732

1,193,046

Celanese

Corp.

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

8,016

1,218,753

CF

Industries

Holdings,

Inc.

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

15,763

1,256,784

Corteva,

Inc.

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

21,745

1,216,415

Dow,

Inc.

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

21,266

1,225,560

DuPont

de

Nemours,

Inc.

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

15,536

1,276,438

Eastman

Chemical

Co.

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

12,538

1,270,476

Ecolab,

Inc.

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

5,227

1,213,709

International

Flavors

&

Fragrances,

Inc.

..........

12,597

1,211,579

Linde

PLC

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

2,788

1,214,230

LyondellBasell

Industries

NV,

Class

A

...........

12,456

1,238,375

Mosaic

Co.

(The)

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

40,100

1,240,293

PPG

Industries,

Inc.

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

9,115

1,197,802

RPM

International,

Inc.

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

10,969

1,229,625

Sherwin-Williams

Co.

(The)

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

3,962

1,203,656

Westlake

Corp.

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

7,767

1,247,070

20,895,299

a

Commercial

Services

&

Supplies

 — 1.2%

Cintas

Corp.

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

1,753

1,188,481

Copart,

Inc.

(a)

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

22,425

1,189,871

Republic

Services,

Inc.

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

6,584

1,219,291

Rollins,

Inc.

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

26,431

1,207,632

Veralto

Corp.

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

12,374

1,219,829

Waste

Connections,

Inc.,

ADR

(b)

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

7,418

1,218,926

Waste

Management,

Inc.

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

5,903

1,243,939

8,487,969

a

Communications

Equipment

 — 0.8%

Arista

Networks,

Inc.

(a)

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

3,895

1,159,347

Cisco

Systems,

Inc.

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

25,891

1,203,932

F5,

Inc.

(a)(b)

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

7,065

1,193,773

Juniper

Networks,

Inc.

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

35,757

1,275,452

Motorola

Solutions,

Inc.

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

3,330

1,215,150

6,047,654

a

Construction

&

Engineering

 — 0.5%

AECOM

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

13,656

1,192,715

EMCOR

Group,

Inc.

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

3,197

1,242,546

Quanta

Services,

Inc.

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

4,560

1,258,286

3,693,547

a

Construction

Materials

 — 0.5%

CRH

PLC,

ADR

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

15,275

1,248,884

Martin

Marietta

Materials,

Inc.

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

2,115

1,209,949

Vulcan

Materials

Co.

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

4,662

1,192,400

3,651,233

a

Consumer

Finance

 — 0.8%

Ally

Financial,

Inc.

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

31,649

1,233,362

American

Express

Co.

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

5,082

1,219,680

Capital

One

Financial

Corp.

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

8,834

1,215,823

Discover

Financial

Services

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

9,888

1,212,862

Synchrony

Financial

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

27,804

1,217,815

6,099,542

a

Consumer

Staples

Distribution

&

Retail

 — 1.5%

Albertsons

Companies,

Inc.,

Class

A

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

61,018

1,259,412

Costco

Wholesale

Corp.

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

1,543

1,249,660

Dollar

General

Corp.

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

8,648

1,183,998

Dollar

Tree,

Inc.

(a)

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

10,733

1,265,957

Security

Shares

Value

a

Consumer

Staples

Distribution

&

Retail

(continued)

Kroger

Co.

(The)

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

23,122

$

1,210,899

Sysco

Corp.

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

16,487

1,200,583

Target

Corp.

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

7,936

1,239,286

Walgreens

Boots

Alliance,

Inc.

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

73,744

1,196,128

Walmart,

Inc.

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

18,900

1,242,864

11,048,787

a

Containers

&

Packaging

 — 1.2%

Amcor

PLC

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

123,360

1,254,571

Avery

Dennison

Corp.

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

5,350

1,217,607

Ball

Corp.

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

17,449

1,211,484

Crown

Holdings,

Inc.

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

14,374

1,210,147

International

Paper

Co.

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

29,523

1,331,192

Packaging

Corp.

of

America

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

6,804

1,248,466

Westrock

Co.

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

23,514

1,261,291

8,734,758

a

Distributors

 — 0.5%

Genuine

Parts

Co.

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

8,146

1,174,164

LKQ

Corp.

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

27,826

1,197,353

Pool

Corp.

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

3,323

1,208,077

3,579,594

a

Diversified

REITs

 — 0.2%

WP

Carey,

Inc.

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

13,064

1,163,306

a

Diversified

Telecommunication

Services

 — 0.4%

AT&T,

Inc.

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

72,084

1,313,370

Liberty

Global,

Ltd.,

Class

C

(a)

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

3,984

68,007

Verizon

Communications,

Inc.

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

31,339

1,289,600

2,670,977

a

Electric

Utilities

 — 2.7%

Alliant

Energy

Corp.

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

23,770

1,223,917

American

Electric

Power

Co.,

Inc.

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

13,272

1,197,798

Constellation

Energy

Corp.

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

5,566

1,209,213

Duke

Energy

Corp.

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

11,712

1,213,012

Edison

International

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

16,201

1,245,047

Entergy

Corp.

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

10,930

1,229,516

Evergy,

Inc.

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

22,420

1,225,477

Eversource

Energy

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

20,005

1,184,896

Exelon

Corp.

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

31,841

1,195,630

FirstEnergy

Corp.

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

30,580

1,231,151

NextEra

Energy,

Inc.

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

16,002

1,280,480

NRG

Energy,

Inc.

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

14,980

1,213,380

PG&E

Corp.

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

65,745

1,218,912

PPL

Corp.

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

41,600

1,220,128

Southern

Co.

(The)

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

15,329

1,228,466

Xcel

Energy,

Inc.

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

21,682

1,202,267

19,519,290

a

Electrical

Equipment

 — 1.2%

AMETEK,

Inc.

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

7,215

1,223,520

Eaton

Corp.

PLC

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

3,685

1,226,552

Emerson

Electric

Co.

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

10,857

1,217,721

GE

Vernova

LLC

(a)

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

7,478

1,315,380

Hubbell,

Inc.

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

3,057

1,188,837

Rockwell

Automation,

Inc.

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

4,528

1,166,096

Vertiv

Holdings

Co.,

Class

A

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

12,500

1,225,875

8,563,981

a

Electronic

Equipment,

Instruments

&

Components

 — 1.5%

Amphenol

Corp.,

Class

A

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

9,269

1,226,937

CDW

Corp.

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

5,355

1,197,485

Corning,

Inc.

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

34,123

1,271,423

Jabil,

Inc.

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

10,492

1,247,499

iShares

®

MSCI

USA

Equal

Weighted

ETF

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2024

(Percentages

shown

are

based

on

Net

Assets)

3

Schedule

of

Investments

Security

Shares

Value

a

Electronic

Equipment,

Instruments

&

Components

(continued)

Keysight

Technologies,

Inc.

(a)

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

8,422

$

1,166,279

TE

Connectivity

Ltd.

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

8,134

1,217,660

Teledyne

Technologies,

Inc.

(a)

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

3,024

1,200,377

Trimble,

Inc.

(a)

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

21,525

1,198,512

Zebra

Technologies

Corp.,

Class

A

(a)

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

3,836

1,198,136

10,924,308

a

Energy

Equipment

&

Services

 — 0.5%

Baker

Hughes

Co.,

Class

A

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

37,711

1,262,564

Halliburton

Co.

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

33,350

1,223,945

Schlumberger

Ltd.

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

25,639

1,176,574

3,663,083

a

Entertainment

 — 1.5%

Electronic

Arts,

Inc.

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

9,552

1,269,270

Liberty

Media

Corp.-Liberty

Formula

One,

Series

C,

NVS

(a)

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

17,024

1,262,159

Live

Nation

Entertainment,

Inc.

(a)(b)

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

12,091

1,133,410

Netflix,

Inc.

(a)

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

1,900

1,219,078

ROBLOX

Corp.,

Class

A

(a)

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

37,899

1,274,165

Roku,

Inc.,

Class

A

(a)

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

21,268

1,220,783

Take-Two

Interactive

Software,

Inc.

(a)

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

8,150

1,306,934

Walt

Disney

Co.

(The)

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

11,912

1,237,776

Warner

Bros

Discovery,

Inc.,

Series

A

(a)

..........

155,626

1,282,358

11,205,933

a

Financial

Services

 — 2.2%

Apollo

Global

Management,

Inc.

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

11,113

1,290,886

Berkshire

Hathaway,

Inc.,

Class

B

(a)

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

3,193

1,323,179

Block,

Inc.,

Class

A

(a)

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

17,344

1,111,404

Corpay,

Inc.

(a)

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

4,583

1,226,732

Equitable

Holdings,

Inc.

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

31,841

1,321,083

Fidelity

National

Information

Services,

Inc.

........

16,059

1,218,557

Fiserv,

Inc.

(a)

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

8,467

1,268,018

Global

Payments,

Inc.

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

11,658

1,187,367

Jack

Henry

&

Associates,

Inc.

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

7,549

1,243,169

Mastercard,

Inc.,

Class

A

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

2,849

1,273,702

PayPal

Holdings,

Inc.

(a)

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

19,421

1,223,329

Toast,

Inc.,

Class

A

(a)

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

46,814

1,134,303

Visa,

Inc.,

Class

A

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

4,795

1,306,446

16,128,175

a

Food

Products

 — 2.3%

Archer-Daniels-Midland

Co.

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

20,164

1,259,040

Bunge

Global

SA

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

12,014

1,292,586

Campbell

Soup

Co.

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

26,968

1,196,840

Conagra

Brands,

Inc.

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

40,457

1,208,855

General

Mills,

Inc.

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

17,359

1,193,431

Hershey

Co.

(The)

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

5,890

1,165,219

Hormel

Foods

Corp.

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

33,871

1,049,324

J

M

Smucker

Co.

(The)

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

10,966

1,224,244

Kellanova

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

19,872

1,199,077

Kraft

Heinz

Co.

(The)

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

34,385

1,216,197

Lamb

Weston

Holdings,

Inc.

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

14,141

1,248,509

McCormick

&

Co.,

Inc.,

NVS

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

16,640

1,201,741

Mondelez

International,

Inc.,

Class

A

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

17,258

1,182,691

Tyson

Foods,

Inc.,

Class

A

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

20,280

1,161,030

16,798,784

a

Gas

Utilities

 — 0.2%

Atmos

Energy

Corp.

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

10,309

1,195,019

a

Ground

Transportation

 — 1.4%

CSX

Corp.

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

37,236

1,256,715

JB

Hunt

Transport

Services,

Inc.

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

7,704

1,238,418

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

..

26,608

1,283,836

Security

Shares

Value

a

Ground

Transportation

(continued)

Norfolk

Southern

Corp.

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

5,480

$

1,231,904

Old

Dominion

Freight

Line,

Inc.

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

7,000

1,226,750

Uber

Technologies,

Inc.

(a)

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

19,343

1,248,784

U-Haul

Holding

Co.,

Series

N,

NVS

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

19,218

1,168,262

Union

Pacific

Corp.

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

5,238

1,219,511

9,874,180

a

Health

Care

Equipment

&

Supplies

 — 3.3%

Abbott

Laboratories

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

11,887

1,214,733

Align

Technology,

Inc.

(a)

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

4,667

1,200,399

Baxter

International,

Inc.

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

35,683

1,216,433

Becton

Dickinson

&

Co.

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

5,236

1,214,595

Boston

Scientific

Corp.

(a)

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

16,444

1,242,673

Cooper

Cos.,

Inc.

The

(a)

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

12,770

1,204,339

Dexcom,

Inc.

(a)

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

9,433

1,120,357

Edwards

Lifesciences

Corp.

(a)

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

13,605

1,182,138

GE

HealthCare

Technologies,

Inc.

(b)

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

15,056

1,174,368

Hologic,

Inc.

(a)

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

16,513

1,218,329

IDEXX

Laboratories,

Inc.

(a)

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

2,370

1,177,772

Insulet

Corp.

(a)

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

6,740

1,194,261

Intuitive

Surgical,

Inc.

(a)

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

3,061

1,230,889

Medtronic

PLC

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

14,516

1,181,167

ResMed,

Inc.

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

5,651

1,165,971

Solventum

Corp.

(a)(b)

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

20,093

1,192,319

STERIS

PLC

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

5,367

1,196,197

Stryker

Corp.

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

3,737

1,274,653

Teleflex,

Inc.

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

5,795

1,211,561

Zimmer

Biomet

Holdings,

Inc.

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

10,341

1,190,766

24,003,920

a

Health

Care

Providers

&

Services

 — 2.7%

Cardinal

Health,

Inc.

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

12,885

1,279,094

Cencora,

Inc.

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

5,700

1,291,449

Centene

Corp.

(a)

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

15,924

1,139,999

Cigna

Group

(The)

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

3,688

1,270,959

CVS

Health

Corp.

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

21,453

1,278,599

DaVita,

Inc.

(a)

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

8,929

1,313,634

Elevance

Health,

Inc.

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

2,289

1,232,581

HCA

Healthcare,

Inc.

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

3,835

1,302,941

Henry

Schein,

Inc.

(a)

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

16,851

1,168,448

Humana,

Inc.

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

3,471

1,243,035

Labcorp

Holdings,

Inc.

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

6,004

1,170,240

McKesson

Corp.

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

2,246

1,279,299

Molina

Healthcare,

Inc.

(a)

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

3,621

1,139,094

Quest

Diagnostics,

Inc.

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

8,585

1,218,812

UnitedHealth

Group,

Inc.

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

2,346

1,162,138

Universal

Health

Services,

Inc.,

Class

B

.........

6,880

1,305,824

19,796,146

a

Health

Care

REITs

 — 0.7%

Alexandria

Real

Estate

Equities,

Inc.

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

9,980

1,187,620

Healthpeak

Properties,

Inc.

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

62,766

1,249,044

Ventas,

Inc.

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

25,593

1,286,304

Welltower,

Inc.

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

12,212

1,266,018

4,988,986

a

Health

Care

Technology

 — 0.1%

Veeva

Systems,

Inc.,

Class

A

(a)

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

5,889

1,026,158

a

Hotel

&

Resort

REITs

 — 0.2%

Host

Hotels

&

Resorts,

Inc.

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

67,344

1,208,151

a

Hotels,

Restaurants

&

Leisure

 — 3.3%

Airbnb,

Inc.,

Class

A

(a)

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

8,557

1,240,166

Booking

Holdings,

Inc.

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

323

1,219,761

Caesars

Entertainment,

Inc.

(a)

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

34,584

1,229,807

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2024

iShares

®

MSCI

USA

Equal

Weighted

ETF

(Percentages

shown

are

based

on

Net

Assets)

4

Security

Shares

Value

a

Hotels,

Restaurants

&

Leisure

(continued)

Carnival

Corp.

(a)(b)

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

76,244

$

1,149,760

Chipotle

Mexican

Grill,

Inc.

(a)

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

387

1,211,124

Darden

Restaurants,

Inc.

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

8,236

1,238,612

Domino's

Pizza,

Inc.

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

2,405

1,223,135

DoorDash,

Inc.,

Class

A

(a)(b)

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

10,965

1,207,356

DraftKings,

Inc.,

Class

A

(a)

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

28,466

1,000,011

Expedia

Group,

Inc.

(a)

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

11,047

1,246,764

Hilton

Worldwide

Holdings,

Inc.

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

6,021

1,207,813

Hyatt

Hotels

Corp.,

Class

A

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

8,239

1,215,005

Las

Vegas

Sands

Corp.

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

26,532

1,194,736

Marriott

International,

Inc.,

Class

A

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

5,185

1,198,616

McDonald's

Corp.

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

4,527

1,171,995

MGM

Resorts

International

(a)

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

30,231

1,214,379

Royal

Caribbean

Cruises

Ltd.

(a)(b)

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

8,240

1,216,883

Starbucks

Corp.

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

15,781

1,265,952

Wynn

Resorts

Ltd.

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

12,765

1,211,143

Yum!

Brands,

Inc.

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

8,720

1,198,390

24,061,408

a

Household

Durables

 — 0.8%

DR

Horton,

Inc.

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

8,227

1,215,951

Garmin

Ltd.

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

7,266

1,190,534

Lennar

Corp.,

Class

A

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

7,620

1,221,867

NVR,

Inc.

(a)

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

160

1,228,917

PulteGroup,

Inc.

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

10,669

1,251,687

6,108,956

a

Household

Products

 — 0.8%

Church

&

Dwight

Co.,

Inc.

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

11,493

1,229,866

Clorox

Co.

(The)

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

9,152

1,204,037

Colgate-Palmolive

Co.

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

13,007

1,209,131

Kimberly-Clark

Corp.

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

9,170

1,222,361

Procter

&

Gamble

Co.

(The)

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

7,135

1,173,993

6,039,388

a

Independent

Power

and

Renewable

Electricity

Producers

 — 0.4%

AES

Corp.

(The)

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

58,771

1,268,866

Vistra

Corp.

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

13,180

1,305,874

2,574,740

a

Industrial

Conglomerates

 — 0.3%

3M

Co.

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

11,966

1,198,275

Honeywell

International,

Inc.

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

6,002

1,213,545

2,411,820

a

Industrial

REITs

 — 0.2%

Prologis,

Inc.

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

11,098

1,226,218

a

Insurance

 — 4.3%

Aflac,

Inc.

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

15,566

1,398,916

Allstate

Corp.

(The)

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

7,395

1,238,810

American

Financial

Group,

Inc.

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

9,539

1,239,212

American

International

Group,

Inc.

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

16,206

1,277,357

Aon

PLC,

Class

A

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

4,236

1,193,027

Arch

Capital

Group

Ltd.

(a)

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

12,336

1,266,044

Arthur

J

Gallagher

&

Co.

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

4,833

1,224,344

Assurant,

Inc.

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

7,205

1,249,851

Brown

&

Brown,

Inc.

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

14,028

1,255,646

Chubb

Ltd.

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

4,775

1,293,166

Cincinnati

Financial

Corp.

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

10,568

1,242,586

Erie

Indemnity

Co.,

Class

A,

NVS

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

3,117

1,129,694

Everest

Group

Ltd.

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

3,175

1,241,203

Fidelity

National

Financial,

Inc.

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

10,419

1,040,790

Hartford

Financial

Services

Group,

Inc.

(The)

......

13,375

1,383,644

Loews

Corp.

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

17,154

1,317,427

Markel

Group,

Inc.

(a)

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

761

1,249,250

Security

Shares

Value

a

Insurance

(continued)

Marsh

&

McLennan

Companies,

Inc.

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

5,931

$

1,231,157

MetLife,

Inc.

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

18,828

1,362,582

Principal

Financial

Group,

Inc.

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

14,554

1,194,010

Progressive

Corp.

(The)

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

5,928

1,251,875

Prudential

Financial,

Inc.

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

11,568

1,392,209

Travelers

Companies,

Inc.

(The)

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

5,791

1,249,119

W

R

Berkley

Corp.

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

15,806

1,280,760

Willis

Towers

Watson

PLC

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

4,863

1,241,475

31,444,154

a

Interactive

Media

&

Services

 — 0.8%

Alphabet,

Inc.,

Class

A

(a)

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

3,469

598,403

Alphabet,

Inc.,

Class

C,

NVS

(a)

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

3,397

590,942

Match

Group,

Inc.

(a)

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

41,089

1,258,556

Meta

Platforms,

Inc.,

Class

A

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

2,659

1,241,301

Pinterest,

Inc.,

Class

A

(a)

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

29,780

1,235,572

Snap,

Inc.,

Class

A,

NVS

(a)

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

79,007

1,186,685

6,111,459

a

IT

Services

 — 2.0%

Accenture

PLC,

Class

A

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

3,965

1,119,280

Akamai

Technologies,

Inc.

(a)

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

12,974

1,196,722

Cloudflare,

Inc.,

Class

A

(a)

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

16,608

1,124,195

Cognizant

Technology

Solutions

Corp.,

Class

A

.....

17,590

1,163,578

EPAM

Systems,

Inc.

(a)

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

6,421

1,142,488

Gartner,

Inc.

(a)

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

2,724

1,143,181

GoDaddy,

Inc.,

Class

A

(a)

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

8,901

1,242,847

International

Business

Machines

Corp.

..........

7,076

1,180,631

MongoDB,

Inc.,

Class

A

(a)(b)

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

3,381

798,119

Okta,

Inc.,

Class

A

(a)

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

12,159

1,078,260

Snowflake,

Inc.,

Class

A

(a)

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

7,565

1,030,202

Twilio,

Inc.,

Class

A

(a)

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

20,378

1,169,697

VeriSign,

Inc.

(a)

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

6,940

1,209,781

14,598,981

a

Life

Sciences

Tools

&

Services

 — 2.2%

Agilent

Technologies,

Inc.

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

8,035

1,047,844

Avantor,

Inc.

(a)(b)

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

49,641

1,195,355

Bio-Rad

Laboratories,

Inc.,

Class

A

(a)

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

4,246

1,218,008

Bio-Techne

Corp.

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

14,931

1,152,524

Charles

River

Laboratories

International,

Inc.

(a)

.....

5,574

1,161,845

Danaher

Corp.

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

4,616

1,185,389

Illumina,

Inc.

(a)

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

11,424

1,191,295

IQVIA

Holdings,

Inc.

(a)

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

5,380

1,178,704

Mettler-Toledo

International,

Inc.

(a)

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

811

1,138,717

Repligen

Corp.

(a)(b)

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

7,391

1,101,924

Revvity,

Inc.

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

10,902

1,191,153

Thermo

Fisher

Scientific,

Inc.

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

2,081

1,181,966

Waters

Corp.

(a)

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

3,516

1,086,092

West

Pharmaceutical

Services,

Inc.

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

3,653

1,210,641

16,241,457

a

Machinery

 — 3.3%

Caterpillar,

Inc.

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

3,447

1,166,878

CNH

Industrial

N.V.

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

112,810

1,191,274

Cummins,

Inc.

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

4,330

1,219,891

Deere

&

Co.

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

3,209

1,202,605

Dover

Corp.

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

6,666

1,225,344

Fortive

Corp.

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

15,969

1,188,732

Graco,

Inc.

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

14,718

1,188,478

IDEX

Corp.

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

5,640

1,176,730

Illinois

Tool

Works,

Inc.

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

4,851

1,177,580

Ingersoll

Rand,

Inc.

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

12,983

1,208,068

Nordson

Corp.

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

5,056

1,186,744

Otis

Worldwide

Corp.

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

12,379

1,227,997

iShares

®

MSCI

USA

Equal

Weighted

ETF

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2024

(Percentages

shown

are

based

on

Net

Assets)

5

Schedule

of

Investments

Security

Shares

Value

a

Machinery

(continued)

PACCAR,

Inc.

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

11,806

$

1,269,145

Parker-Hannifin

Corp.

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

2,273

1,208,145

Pentair

PLC

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

14,775

1,202,390

Snap-on,

Inc.

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

4,347

1,186,122

Stanley

Black

&

Decker,

Inc.

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

14,002

1,220,554

Toro

Co.

(The)

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

14,248

1,142,547

Westinghouse

Air

Brake

Technologies

Corp.

.......

7,320

1,238,764

Xylem,

Inc.

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

8,476

1,195,286

24,023,274

a

Media

 — 1.4%

Charter

Communications,

Inc.,

Class

A

(a)

.........

4,484

1,287,446

Comcast

Corp.,

Class

A

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

31,437

1,258,423

Fox

Corp.,

Class

A,

NVS

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

24,525

844,396

Fox

Corp.,

Class

B

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

14,280

456,103

Interpublic

Group

of

Companies,

Inc.

(The)

.......

39,247

1,231,178

Liberty

Media

Corp.-Liberty

SiriusXM,

Series

C,

NVS

(a)

3,436

77,860

News

Corp.,

Class

A,

NVS

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

47,117

1,281,111

Omnicom

Group,

Inc.

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

13,036

1,211,827

Paramount

Global,

Class

B,

NVS

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

101,876

1,213,343

Sirius

XM

Holdings,

Inc.

(b)

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

59,379

167,449

Trade

Desk,

Inc.

(The),

Class

A

(a)

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

12,915

1,198,254

10,227,390

a

Metals

&

Mining

 — 1.0%

Cleveland-Cliffs,

Inc.

(a)

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

70,409

1,216,667

Freeport-McMoRan,

Inc.

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

22,858

1,205,302

Newmont

Corp.

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

27,920

1,170,965

Nucor

Corp.

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

7,127

1,203,394

Reliance,

Inc.

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

4,082

1,227,784

Steel

Dynamics,

Inc.

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

9,203

1,232,006

7,256,118

a

Mortgage

REITs

 — 0.2%

Annaly

Capital

Management,

Inc.

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

62,037

1,222,129

a

Multi-Utilities

 — 1.7%

Ameren

Corp.

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

16,390

1,202,534

CenterPoint

Energy,

Inc.

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

40,682

1,241,208

CMS

Energy

Corp.

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

19,573

1,231,729

Consolidated

Edison,

Inc.

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

12,788

1,209,105

Dominion

Energy,

Inc.

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

22,899

1,234,714

DTE

Energy

Co.

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

10,513

1,225,080

NiSource,

Inc.

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

42,724

1,241,560

Public

Service

Enterprise

Group,

Inc.

...........

16,469

1,247,691

Sempra

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

15,533

1,196,507

WEC

Energy

Group,

Inc.

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

14,326

1,160,836

12,190,964

a

Office

REITs

 — 0.2%

Boston

Properties,

Inc.

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

19,875

1,205,816

a

Oil,

Gas

&

Consumable

Fuels

 — 4.2%

APA

Corp.

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

40,119

1,224,833

Cheniere

Energy,

Inc.

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

7,722

1,218,454

Chesapeake

Energy

Corp.

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

13,715

1,247,105

Chevron

Corp.

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

7,616

1,236,077

Chord

Energy

Corp.

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

6,867

1,273,210

ConocoPhillips

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

10,083

1,174,468

Coterra

Energy,

Inc.

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

44,601

1,272,021

Devon

Energy

Corp.

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

24,814

1,217,871

Diamondback

Energy,

Inc.

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

6,334

1,262,113

EOG

Resources,

Inc.

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

9,401

1,170,895

EQT

Corp.

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

30,009

1,233,070

Exxon

Mobil

Corp.

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

10,301

1,207,895

Hess

Corp.

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

7,896

1,216,774

Security

Shares

Value

a

Oil,

Gas

&

Consumable

Fuels

(continued)

HF

Sinclair

Corp.

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

21,506

$

1,187,776

Kinder

Morgan,

Inc.,

Class

P

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

63,061

1,229,059

Marathon

Oil

Corp.

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

47,090

1,363,726

Marathon

Petroleum

Corp.

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

7,016

1,239,096

Occidental

Petroleum

Corp.

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

19,045

1,190,312

ONEOK,

Inc.

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

15,000

1,215,000

Ovintiv,

Inc.

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

25,197

1,301,929

Phillips

66

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

8,593

1,221,151

Targa

Resources

Corp.

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

10,572

1,249,928

Texas

Pacific

Land

Corp.

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

1,987

1,220,634

Valero

Energy

Corp.

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

7,638

1,200,235

Williams

Companies,

Inc.

(The)

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

29,873

1,240,028

30,813,660

a

Passenger

Airlines

 — 0.3%

Delta

Air

Lines,

Inc.

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

23,831

1,215,857

Southwest

Airlines

Co.

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

44,020

1,181,497

2,397,354

a

Personal

Care

Products

 — 0.3%

Estee

Lauder

Companies,

Inc.

(The),

Class

A

......

9,257

1,141,944

Kenvue,

Inc.

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

61,334

1,183,746

2,325,690

a

Pharmaceuticals

 — 1.5%

Bristol-Myers

Squibb

Co.

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

29,150

1,197,774

Catalent,

Inc.

(a)(b)

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

22,468

1,208,554

Eli

Lilly

&

Co.

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

1,548

1,269,886

Johnson

&

Johnson

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

7,975

1,169,693

Merck

&

Co.,

Inc.

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

9,443

1,185,474

Pfizer,

Inc.

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

43,238

1,239,201

Royalty

Pharma

PLC,

Class

A

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

45,458

1,246,004

Viatris,

Inc.

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

113,507

1,203,174

Zoetis,

Inc.,

Class

A

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

7,128

1,208,624

10,928,384

a

Professional

Services

 — 2.1%

Automatic

Data

Processing,

Inc.

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

4,801

1,175,861

Booz

Allen

Hamilton

Holding

Corp.,

Class

A

.......

7,985

1,215,397

Broadridge

Financial

Solutions,

Inc.

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

6,157

1,236,141

Dayforce,

Inc.

(a)(b)

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

20,153

996,767

Equifax,

Inc.

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

5,169

1,196,055

Jacobs

Solutions,

Inc.

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

8,864

1,235,110

Leidos

Holdings,

Inc.

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

8,220

1,208,751

Paychex,

Inc.

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

9,561

1,148,850

Paycom

Software,

Inc.

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

6,847

995,006

Paylocity

Holding

Corp.

(a)

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

7,133

1,014,098

SS&C

Technologies

Holdings,

Inc.

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

19,181

1,190,181

TransUnion

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

16,099

1,157,840

Verisk

Analytics,

Inc.

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

4,890

1,236,094

15,006,151

a

Real

Estate

Management

&

Development

 — 0.5%

CBRE

Group,

Inc.,

Class

A

(a)

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

13,575

1,195,550

CoStar

Group,

Inc.

(a)

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

14,195

1,109,623

Zillow

Group,

Inc.,

Class

C,

NVS

(a)(b)

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

29,054

1,189,762

3,494,935

a

Residential

REITs

 — 1.7%

American

Homes

4

Rent,

Class

A

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

33,554

1,209,286

AvalonBay

Communities,

Inc.

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

6,212

1,196,928

Camden

Property

Trust

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

11,647

1,195,565

Equity

LifeStyle

Properties,

Inc.

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

18,981

1,191,437

Equity

Residential

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

18,423

1,198,048

Essex

Property

Trust,

Inc.

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

4,688

1,217,896

Invitation

Homes,

Inc.

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

34,939

1,215,528

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2024

iShares

®

MSCI

USA

Equal

Weighted

ETF

(Percentages

shown

are

based

on

Net

Assets)

6

Security

Shares

Value

a

Residential

REITs

(continued)

Mid-America

Apartment

Communities,

Inc.

........

8,995

$

1,202,721

Sun

Communities,

Inc.

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

10,003

1,180,254

UDR,

Inc.

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

31,129

1,202,202

12,009,865

a

Retail

REITs

 — 0.7%

Kimco

Realty

Corp.

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

65,140

1,261,110

Realty

Income

Corp.

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

22,066

1,170,822

Regency

Centers

Corp.

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

20,600

1,264,840

Simon

Property

Group,

Inc.

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

8,455

1,279,326

4,976,098

a

Semiconductors

&

Semiconductor

Equipment

 — 4.0%

Advanced

Micro

Devices,

Inc.

(a)

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

7,483

1,248,913

Analog

Devices,

Inc.

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

5,681

1,332,138

Applied

Materials,

Inc.

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

5,594

1,203,158

Broadcom,

Inc.

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

883

1,173,110

Enphase

Energy,

Inc.

(a)

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

11,057

1,414,190

Entegris,

Inc.

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

9,438

1,192,491

First

Solar,

Inc.

(a)

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

5,819

1,581,371

Intel

Corp.

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

38,795

1,196,826

KLA

Corp.

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

1,615

1,226,641

Lam

Research

Corp.

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

1,274

1,187,929

Lattice

Semiconductor

Corp.

(a)

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

16,787

1,246,267

Marvell

Technology,

Inc.

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

16,842

1,158,898

Microchip

Technology,

Inc.

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

12,845

1,248,919

Micron

Technology,

Inc.

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

9,688

1,211,000

Monolithic

Power

Systems,

Inc.

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

1,629

1,198,341

NVIDIA

Corp.

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

1,294

1,418,651

NXP

Semiconductors

NV

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

4,506

1,226,083

ON

Semiconductor

Corp.

(a)

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

16,908

1,234,960

Qorvo,

Inc.

(a)

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

12,539

1,233,712

QUALCOMM,

Inc.

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

6,157

1,256,336

Skyworks

Solutions,

Inc.

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

13,250

1,227,745

Teradyne,

Inc.

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

8,783

1,237,876

Texas

Instruments,

Inc.

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

6,138

1,196,971

28,852,526

a

Software

 — 5.6%

Adobe,

Inc.

(a)

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

2,547

1,132,804

ANSYS,

Inc.

(a)

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

3,769

1,196,469

AppLovin

Corp.,

Class

A

(a)

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

14,723

1,199,630

Aspen

Technology,

Inc.

(a)(b)

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

5,592

1,177,955

Atlassian

Corp.,

Class

A

(a)

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

6,929

1,086,883

Autodesk,

Inc.

(a)

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

5,290

1,066,464

Bentley

Systems,

Inc.,

Class

B

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

21,775

1,093,976

Cadence

Design

Systems,

Inc.

(a)

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

4,233

1,211,950

Confluent,

Inc.,

Class

A

(a)(b)

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

39,148

1,016,673

Crowdstrike

Holdings,

Inc.,

Class

A

(a)

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

3,560

1,116,665

Datadog,

Inc.,

Class

A

(a)

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

10,093

1,112,047

DocuSign,

Inc.

(a)

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

20,605

1,127,918

Dynatrace,

Inc.

(a)

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

25,519

1,166,984

Fair

Isaac

Corp.

(a)

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

903

1,164,807

Fortinet,

Inc.

(a)

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

20,068

1,190,434

Gen

Digital,

Inc.

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

49,492

1,228,886

HubSpot,

Inc.

(a)

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

2,027

1,238,598

Intuit,

Inc.

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

1,820

1,049,121

Manhattan

Associates,

Inc.

(a)

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

5,419

1,189,687

Microsoft

Corp.

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

2,861

1,187,687

MicroStrategy,

Inc.,

Class

A

(a)

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

747

1,138,794

Oracle

Corp.

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

9,924

1,162,993

Palantir

Technologies,

Inc.,

Class

A

(a)(b)

..........

58,104

1,259,695

Palo

Alto

Networks,

Inc.

(a)

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

3,960

1,167,843

PTC,

Inc.

(a)

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

6,745

1,188,739

Roper

Technologies,

Inc.

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

2,275

1,212,029

Security

Shares

Value

a

Software

(continued)

Salesforce,

Inc.

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

4,329

$

1,014,891

Samsara,

Inc.,

Class

A

(a)

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

30,198

1,024,618

ServiceNow,

Inc.

(a)

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

1,582

1,039,263

Synopsys,

Inc.

(a)

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

2,154

1,207,963

Tyler

Technologies,

Inc.

(a)

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

2,491

1,196,577

UiPath,

Inc.,

Class

A

(a)(b)

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

62,037

760,574

Unity

Software,

Inc.

(a)(b)

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

59,906

1,094,483

Workday,

Inc.,

Class

A

(a)

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

4,755

1,005,445

Zoom

Video

Communications,

Inc.,

Class

A

(a)

......

19,263

1,181,592

Zscaler,

Inc.

(a)

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

6,984

1,187,001

40,798,138

a

Specialized

REITs

 — 1.8%

American

Tower

Corp.

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

6,332

1,239,426

Crown

Castle,

Inc.

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

12,201

1,250,603

Digital

Realty

Trust,

Inc.

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

8,569

1,245,418

Equinix,

Inc.

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

1,550

1,182,619

Extra

Space

Storage,

Inc.

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

8,443

1,222,293

Gaming

and

Leisure

Properties,

Inc.

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

26,895

1,207,585

Iron

Mountain,

Inc.

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

15,036

1,213,255

Public

Storage

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

4,335

1,187,053

SBA

Communications

Corp.,

Class

A

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

6,167

1,212,926

VICI

Properties,

Inc.

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

41,470

1,190,604

Weyerhaeuser

Co.

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

39,643

1,190,479

13,342,261

a

Specialty

Retail

 — 2.5%

AutoZone,

Inc.

(a)

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

437

1,210,464

Bath

&

Body

Works,

Inc.

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

24,814

1,288,839

Best

Buy

Co.,

Inc.

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

17,123

1,452,373

Burlington

Stores,

Inc.

(a)

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

6,501

1,560,565

CarMax,

Inc.

(a)(b)

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

17,126

1,203,273

Dick's

Sporting

Goods,

Inc.

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

6,568

1,495,140

Home

Depot,

Inc.

(The)

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

3,657

1,224,620

Lowe's

Companies,

Inc.

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

5,481

1,212,890

O'Reilly

Automotive,

Inc.

(a)

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

1,233

1,187,700

Ross

Stores,

Inc.

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

9,365

1,308,852

TJX

Companies,

Inc.

(The)

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

12,603

1,299,369

Tractor

Supply

Co.

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

4,343

1,239,014

Ulta

Beauty,

Inc.

(a)

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

3,216

1,270,609

Williams-Sonoma,

Inc.

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

3,944

1,156,460

18,110,168

a

Technology

Hardware,

Storage

&

Peripherals

 — 1.5%

Apple,

Inc.

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

6,359

1,222,518

Dell

Technologies,

Inc.,

Class

C

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

8,401

1,172,444

Hewlett

Packard

Enterprise

Co.

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

69,802

1,232,005

HP,

Inc.

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

37,979

1,386,233

NetApp,

Inc.

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

10,969

1,320,997

Pure

Storage,

Inc.,

Class

A

(a)

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

20,635

1,244,084

Seagate

Technology

Holdings

PLC

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

13,283

1,238,507

Super

Micro

Computer,

Inc.

(a)(b)

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

1,374

1,077,917

Western

Digital

Corp.

(a)

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

16,717

1,258,623

11,153,328

a

Textiles,

Apparel

&

Luxury

Goods

 — 0.5%

Deckers

Outdoor

Corp.

(a)

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

1,377

1,506,328

Lululemon

Athletica,

Inc.

(a)

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

3,810

1,188,682

Nike,

Inc.,

Class

B

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

13,251

1,259,507

3,954,517

a

Tobacco

 — 0.4%

Altria

Group,

Inc.

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

27,021

1,249,721

Philip

Morris

International,

Inc.

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

12,471

1,264,310

2,514,031

a

iShares

®

MSCI

USA

Equal

Weighted

ETF

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2024

(Percentages

shown

are

based

on

Net

Assets)

7

Schedule

of

Investments

Derivative

Financial

Instruments

Outstanding

as

of

Period

End

Security

Shares

Value

a

Trading

Companies

&

Distributors

 — 0.8%

Fastenal

Co.

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

18,417

$

1,215,154

Ferguson

PLC

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

5,830

1,199,464

United

Rentals,

Inc.

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

1,784

1,194,227

Watsco,

Inc.

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

2,542

1,207,196

WW

Grainger,

Inc.

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

1,278

1,177,626

5,993,667

a

Water

Utilities

 — 0.3%

American

Water

Works

Co.,

Inc.

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

9,058

1,184,515

Essential

Utilities,

Inc.

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

31,809

1,200,153

2,384,668

a

Wireless

Telecommunication

Services

 — 0.2%

T-Mobile

U.S.,

Inc.

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

7,453

1,303,977

a

Total

Long-Term

Investments — 99.8%

(Cost:

$636,908,120)

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

724,916,403

Security

Shares

Value

a

Short-Term

Securities

Money

Market

Funds

 — 

2.6%

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares,

5.49%

(c)(d)(e)

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

17,761,912

$

17,767,240

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares,

5.28%

(c)(d)

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

1,430,993

1,430,993

a

Total

Short-Term

Securities — 2.6%

(Cost:

$19,190,107)

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

19,198,233

Total

Investments

—

102.4%

(Cost:

$656,098,227)

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

744,114,636

Liabilities

in

Excess

of

Other

Assets

—

(2.4)%

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

(17,658,294)

Net

Assets

—

100.0%

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

$

726,456,342

(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,

2024

for

purposes

of

Section

2(a)(3)

of

the

Investment

Company

Act

of

1940,

as

amended,

were

as

follows:

Affiliated

Issuer

Value

at

08/31/23

Purchases

at

Cost

Proceeds

from

Sale

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

05/31/24

  Shares

Held

at

05/31/24

Income

  Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

$

13,704,791

$

4,063,367

(a)

$

—

$

(918

)

$

—

$

17,767,240

17,761,912

$

220,200

(b)

$

—

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

828,406

602,587

(a)

—

—

—

1,430,993

1,430,993

42,645

—

BlackRock,

Inc.

...

901,595

371,368

(197,140

)

42,623

47,319

1,165,765

1,510

20,430

—

$

41,705

$

47,319

$

20,363,998

$

283,275

$

—

(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.

Futures

Contracts

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value/

Unrealized

Appreciation

(Depreciation)

Long

Contracts

E-Mini

S&P

500

Index

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

3

‌

06/21/24

$

794

‌

$

1,867

‌

E-Mini

S&P

MidCap

400

Index

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

4

‌

06/21/24

1,197

‌

2,839

‌

$

4,706

‌

Schedule

of

Investments

(unaudited)

(continued)

May

31,

2024

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

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

$

724,916,403

$

—

$

—

$

724,916,403

Short-Term

Securities

Money

Market

Funds

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

19,198,233

—

—

19,198,233

$

744,114,636

$

—

$

—

$

744,114,636

Derivative

Financial

Instruments

(a)

Assets

Equity

Contracts

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

$

4,706

$

—

$

—

$

4,706

a

(a)

Derivative

financial

instruments

are

futures

contracts.

Futures

contracts

are

valued

at

the

unrealized

appreciation

(depreciation)

on

the

instrument.

Portfolio

Abbreviation

ADR

American

Depositary

Receipt

NVS

Non-Voting

Shares

REIT

Real

Estate

Investment

Trust