Schedule
of
Investments
(unaudited)
April
30,
2026
iShares
®
U.S.
Equity
Factor
ETF
1
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Aerospace
&
Defense
—
2.1%
Axon
Enterprise,
Inc.
(a)
.................
968
$
388,904
Carpenter
Technology
Corp.
.............
13,471
5,768,282
GE
Aerospace
.......................
88,869
25,765,789
General
Dynamics
Corp.
................
8,466
2,914,844
Howmet
Aerospace,
Inc.
................
39,806
9,674,450
L3Harris
Technologies,
Inc.
..............
9,127
2,925,660
Lockheed
Martin
Corp.
.................
13,375
6,927,849
Northrop
Grumman
Corp.
...............
7,836
4,540,805
RTX
Corp.
.........................
58,032
10,217,694
69,124,277
Air
Freight
&
Logistics
—
0.2%
CH
Robinson
Worldwide,
Inc.
............
21,063
3,829,464
Expeditors
International
of
Washington,
Inc.
...
9,040
1,336,926
5,166,390
Automobiles
—
2.2%
Ford
Motor
Co.
......................
726,413
8,775,069
General
Motors
Co.
...................
263,032
20,224,531
Tesla,
Inc.
(a)
.........................
111,086
42,393,750
71,393,350
Banks
—
2.8%
Bank
of
America
Corp.
.................
304,442
16,275,469
Citigroup,
Inc.
.......................
57,470
7,355,011
JPMorgan
Chase
&
Co.
................
156,553
49,037,096
Wells
Fargo
&
Co.
....................
234,586
19,290,007
91,957,583
Beverages
—
1.2%
Coca-Cola
Co.
(The)
..................
193,169
15,213,990
Coca-Cola
Consolidated,
Inc.
.............
15,767
3,233,339
Molson
Coors
Beverage
Co.
,
Class
B
.......
75,886
3,243,368
PepsiCo,
Inc.
.......................
115,443
18,296,561
39,987,258
Biotechnology
—
2.2%
AbbVie,
Inc.
........................
119,378
25,226,959
Alnylam
Pharmaceuticals,
Inc.
(a)
...........
11,640
3,602,464
Amgen,
Inc.
........................
41,110
14,234,337
Exelixis,
Inc.
(a)
.......................
64,811
2,881,497
Gilead
Sciences,
Inc.
..................
127,311
16,657,371
Halozyme
Therapeutics,
Inc.
(a)
............
47,823
3,044,412
PTC
Therapeutics,
Inc.
(a)
................
80,465
5,235,053
70,882,093
Broadline
Retail
—
4.5%
Amazon.com,
Inc.
(a)
...................
432,592
114,662,836
Coupang,
Inc.
,
Class
A
(a)
................
19,187
383,356
eBay,
Inc.
..........................
170,726
17,666,726
Etsy,
Inc.
(a)
.........................
92,340
5,941,156
MercadoLibre,
Inc.
(a)
...................
3,715
6,659,620
145,313,694
Building
Products
—
0.8%
Builders
FirstSource,
Inc.
(a)
..............
6,479
512,424
Johnson
Controls
International
plc
.........
43,970
6,420,939
Trane
Technologies
plc
.................
36,500
17,977,710
24,911,073
Capital
Markets
—
4.7%
Affiliated
Managers
Group,
Inc.
...........
27,048
7,970,234
Bank
of
New
York
Mellon
Corp.
(The)
.......
236,525
31,781,864
BlackRock,
Inc.
(b)
.....................
3,941
4,199,530
CME
Group,
Inc.
,
Class
A
...............
32,744
9,424,378
Evercore,
Inc.
,
Class
A
.................
1,060
340,567
Security
Shares
Shares
Value
Capital
Markets
(continued)
Goldman
Sachs
Group,
Inc.
(The)
.........
19,894
$
18,377,480
Interactive
Brokers
Group,
Inc.
,
Class
A
......
162,941
12,953,809
Janus
Henderson
Group
plc
.............
155,219
8,010,853
Morgan
Stanley
......................
23,376
4,455,232
MSCI,
Inc.
,
Class
A
...................
9,104
5,384,197
Nasdaq,
Inc.
........................
64,969
5,971,301
Northern
Trust
Corp.
...................
70,260
11,687,048
Robinhood
Markets,
Inc.
,
Class
A
(a)
.........
56,419
4,112,381
S&P
Global,
Inc.
.....................
23,195
10,002,380
State
Street
Corp.
....................
83,009
12,687,096
XP,
Inc.
,
Class
A
.....................
388,738
7,448,220
154,806,570
Chemicals
—
1.1%
CF
Industries
Holdings,
Inc.
..............
34,068
4,231,246
DuPont
de
Nemours,
Inc.
...............
91,940
4,197,980
Ecolab,
Inc.
........................
32,784
8,543,510
Linde
plc
..........................
34,977
17,528,374
Solstice
Advanced
Materials,
Inc.
..........
24,699
2,024,083
36,525,193
Commercial
Services
&
Supplies
—
0.2%
Cintas
Corp.
........................
35,388
6,182,638
Communications
Equipment
—
1.3%
Arista
Networks,
Inc.
(a)
.................
83,431
14,409,368
Cisco
Systems,
Inc.
...................
186,348
17,050,842
F5,
Inc.
(a)
..........................
2,581
835,986
Lumentum
Holdings,
Inc.
(a)
..............
6,876
6,204,352
Motorola
Solutions,
Inc.
................
7,349
3,226,432
41,726,980
Construction
&
Engineering
—
0.9%
EMCOR
Group,
Inc.
...................
15,308
13,649,684
Primoris
Services
Corp.
................
16,332
2,958,542
Sterling
Infrastructure,
Inc.
(a)
(c)
............
26,197
13,507,697
30,115,923
Construction
Materials
—
0.2%
CRH
plc
...........................
52,030
6,161,393
Consumer
Finance
—
0.7%
American
Express
Co.
.................
29,920
9,665,656
Synchrony
Financial
...................
150,610
11,476,482
21,142,138
Consumer
Staples
Distribution
&
Retail
—
2.3%
Albertsons
Cos.,
Inc.
,
Class
A
............
116,672
1,965,923
Costco
Wholesale
Corp.
................
6,925
7,025,620
Kroger
Co.
(The)
.....................
195,202
13,287,400
Maplebear,
Inc.
(a)
.....................
8,559
362,474
Sprouts
Farmers
Market,
Inc.
(a)
............
27,220
2,227,957
Target
Corp.
........................
73,446
9,529,618
Walmart,
Inc.
........................
309,805
40,872,574
75,271,566
Diversified
Telecommunication
Services
—
1.6%
AT&T,
Inc.
..........................
920,275
24,046,786
Comcast
Corp.
,
Class
A
................
203,274
5,496,529
Lumen
Technologies,
Inc.
(a)
..............
315,707
2,790,850
Verizon
Communications,
Inc.
............
408,710
19,630,341
51,964,506
Electric
Utilities
—
1.5%
Constellation
Energy
Corp.
..............
21,905
6,856,265
Duke
Energy
Corp.
...................
54,185
7,019,667
Edison
International
...................
39,020
2,711,500
Entergy
Corp.
.......................
30,404
3,584,936
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Equity
Factor
ETF
2
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Electric
Utilities
(continued)
Exelon
Corp.
........................
287,480
$
13,221,205
NextEra
Energy,
Inc.
..................
47,703
4,669,170
NRG
Energy,
Inc.
.....................
39,842
6,198,618
Southern
Co.
(The)
...................
38,869
3,758,632
48,019,993
Electrical
Equipment
—
1.3%
Acuity,
Inc.
.........................
30,783
8,919,990
Eaton
Corp.
plc
......................
35,242
15,260,139
Emerson
Electric
Co.
..................
42,555
5,976,424
GE
Vernova,
Inc.
.....................
10,257
11,113,049
Vertiv
Holdings
Co.
,
Class
A
.............
2,574
845,533
42,115,135
Electronic
Equipment,
Instruments
&
Components
—
1.0%
Amphenol
Corp.
,
Class
A
...............
18,069
2,661,022
Flex
Ltd.
(a)
..........................
27,190
2,489,245
Jabil,
Inc.
..........................
25,753
8,691,380
Sanmina
Corp.
(a)
.....................
26,464
5,764,388
TE
Connectivity
plc
...................
40,330
8,536,248
TTM
Technologies,
Inc.
(a)
................
37,365
5,911,890
34,054,173
Energy
Equipment
&
Services
—
0.7%
TechnipFMC
plc
......................
196,993
14,886,761
Weatherford
International
plc
.............
67,647
7,464,846
22,351,607
Entertainment
—
0.8%
Electronic
Arts,
Inc.
...................
7,803
1,579,093
Netflix,
Inc.
(a)
........................
170,637
15,973,330
Spotify
Technology
SA
(a)
................
18,376
8,205,803
Warner
Bros
Discovery,
Inc.
(a)
............
29,608
800,896
26,559,122
Financial
Services
—
2.6%
Berkshire
Hathaway,
Inc.
,
Class
B
(a)
........
31,320
14,833,152
Fidelity
National
Information
Services,
Inc.
....
28,348
1,319,032
Mastercard,
Inc.
,
Class
A
................
35,318
17,762,129
MGIC
Investment
Corp.
................
220,895
5,849,300
PayPal
Holdings,
Inc.
..................
46,545
2,333,766
Visa,
Inc.
,
Class
A
....................
118,685
39,147,060
Voya
Financial,
Inc.
...................
46,864
3,840,974
85,085,413
Food
Products
—
0.4%
General
Mills,
Inc.
....................
12,223
431,594
J
M
Smucker
Co.
(The)
.................
17,068
1,673,176
Kraft
Heinz
Co.
(The)
..................
299,784
6,793,105
Mondelez
International,
Inc.
,
Class
A
........
52,949
3,253,187
12,151,062
Gas
Utilities
—
0.2%
UGI
Corp.
..........................
216,005
7,795,620
Ground
Transportation
—
0.5%
Lyft,
Inc.
,
Class
A
(a)
....................
359,948
5,093,264
Ryder
System,
Inc.
....................
1,509
382,939
Uber
Technologies,
Inc.
(a)
...............
153,371
11,443,010
16,919,213
Health
Care
Equipment
&
Supplies
—
1.1%
Abbott
Laboratories
...................
117,806
10,695,607
Becton
Dickinson
&
Co.
................
12,589
1,876,265
Boston
Scientific
Corp.
(a)
................
52,648
3,033,051
GE
HealthCare
Technologies,
Inc.
.........
158,935
9,669,605
Medtronic
plc
.......................
95,631
7,743,242
Stryker
Corp.
.......................
7,804
2,459,275
Security
Shares
Shares
Value
Health
Care
Equipment
&
Supplies
(continued)
Zimmer
Biomet
Holdings,
Inc.
............
5,252
$
432,922
35,909,967
Health
Care
Providers
&
Services
—
1.5%
Cardinal
Health,
Inc.
...................
31,824
6,138,213
Cigna
Group
(The)
....................
15,629
4,541,475
CVS
Health
Corp.
....................
73,428
6,115,818
Elevance
Health,
Inc.
..................
2,617
985,091
Guardant
Health,
Inc.
(a)
.................
43,513
3,789,112
Humana,
Inc.
.......................
6,969
1,647,750
McKesson
Corp.
.....................
13,002
10,599,230
Tenet
Healthcare
Corp.
(a)
................
22,905
4,056,934
UnitedHealth
Group,
Inc.
................
25,572
9,473,915
47,347,538
Health
Care
Technology
—
0.1%
Veeva
Systems,
Inc.
,
Class
A
(a)
...........
30,485
4,754,745
Hotel
&
Resort
REITs
—
0.2%
Host
Hotels
&
Resorts,
Inc.
..............
249,303
5,267,772
Hotels,
Restaurants
&
Leisure
—
1.9%
Airbnb,
Inc.
,
Class
A
(a)
..................
30,763
4,317,895
Booking
Holdings,
Inc.
.................
153,758
25,886,697
Brinker
International,
Inc.
(a)
..............
7,745
1,179,099
DoorDash,
Inc.
,
Class
A
(a)
(c)
..............
8,865
1,495,082
Expedia
Group,
Inc.
...................
38,047
9,449,733
Las
Vegas
Sands
Corp.
................
17,422
951,416
McDonald's
Corp.
....................
35,676
10,474,117
MGM
Resorts
International
(a)
.............
53,495
2,083,095
Wingstop,
Inc.
.......................
15,521
2,546,375
Yum!
Brands,
Inc.
....................
12,618
2,014,464
60,397,973
Household
Durables
—
0.2%
SharkNinja,
Inc.
(a)
(c)
....................
49,069
5,668,942
Household
Products
—
0.8%
Procter
&
Gamble
Co.
(The)
.............
174,229
25,627,344
Independent
Power
and
Renewable
Electricity
Producers
—
0.3%
Vistra
Corp.
........................
66,153
10,441,590
Industrial
Conglomerates
—
0.1%
3M
Co.
............................
22,884
3,352,964
Insurance
—
1.7%
Aflac,
Inc.
..........................
74,588
8,478,418
Allstate
Corp.
(The)
...................
25,552
5,551,428
American
International
Group,
Inc.
.........
137,237
10,265,328
Chubb
Ltd.
.........................
9,386
3,069,222
Globe
Life,
Inc.
......................
11,711
1,807,007
Hartford
Insurance
Group,
Inc.
(The)
........
8,311
1,137,028
MetLife,
Inc.
........................
24,055
1,926,805
Principal
Financial
Group,
Inc.
............
27,951
2,820,535
Prudential
Financial,
Inc.
................
22,345
2,192,268
RenaissanceRe
Holdings
Ltd.
............
2,022
620,693
Travelers
Cos.,
Inc.
(The)
...............
56,077
17,111,336
Unum
Group
........................
14,171
1,139,065
56,119,133
Interactive
Media
&
Services
—
4.9%
Alphabet,
Inc.
,
Class
C,
NVS
.............
239,364
91,422,686
Meta
Platforms,
Inc.
,
Class
A
.............
104,851
64,159,376
Reddit,
Inc.
,
Class
A
(a)
..................
20,201
2,974,193
158,556,255
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Equity
Factor
ETF
3
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
IT
Services
—
0.6%
Gartner,
Inc.
(a)
.......................
31,946
$
4,743,661
International
Business
Machines
Corp.
......
49,214
11,367,450
Okta,
Inc.
,
Class
A
(a)
...................
58,041
4,274,720
20,385,831
Leisure
Products
—
0.2%
Hasbro,
Inc.
........................
54,075
5,182,548
Life
Sciences
Tools
&
Services
—
0.4%
Medpace
Holdings,
Inc.
(a)
...............
17,976
7,525,832
Mettler-Toledo
International,
Inc.
(a)
.........
4,659
5,947,726
Thermo
Fisher
Scientific,
Inc.
.............
1,645
787,889
14,261,447
Machinery
—
1.4%
Caterpillar,
Inc.
......................
20,727
18,449,310
Crane
Co.
..........................
33,762
6,000,520
Flowserve
Corp.
.....................
5,915
435,581
Mueller
Industries,
Inc.
.................
106,533
14,427,764
PACCAR,
Inc.
.......................
21,093
2,505,849
Parker-Hannifin
Corp.
..................
4,203
3,822,292
Watts
Water
Technologies,
Inc.
,
Class
A
......
2,893
868,363
46,509,679
Media
—
0.5%
Charter
Communications,
Inc.
,
Class
A
(a)
(c)
....
17,885
2,954,065
Fox
Corp.
,
Class
A,
NVS
................
155,046
9,843,871
Omnicom
Group,
Inc.
..................
39,894
3,060,668
15,858,604
Metals
&
Mining
—
0.7%
Hecla
Mining
Co.
.....................
56,872
1,024,833
Newmont
Corp.
......................
60,540
6,725,389
Nucor
Corp.
........................
14,816
3,337,897
Reliance,
Inc.
.......................
8,327
3,018,537
Royal
Gold,
Inc.
......................
7,835
1,828,532
Southern
Copper
Corp.
.................
12,495
2,145,267
Steel
Dynamics,
Inc.
...................
13,714
3,135,843
21,216,298
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.1%
Rithm
Capital
Corp.
...................
432,490
4,229,752
Multi-Utilities
—
0.2%
Consolidated
Edison,
Inc.
...............
66,685
7,434,710
WEC
Energy
Group,
Inc.
................
4,621
545,001
7,979,711
Oil,
Gas
&
Consumable
Fuels
—
3.0%
Antero
Midstream
Corp.
................
133,084
2,909,216
APA
Corp.
.........................
132,615
5,401,409
Chevron
Corp.
.......................
95,993
18,556,407
ConocoPhillips
......................
41,434
5,211,568
EOG
Resources,
Inc.
..................
3,015
423,819
Exxon
Mobil
Corp.
....................
223,125
34,434,881
Kinder
Morgan,
Inc.
...................
114,886
3,776,303
Marathon
Petroleum
Corp.
..............
71,221
17,683,462
Valero
Energy
Corp.
...................
37,471
9,464,425
97,861,490
Passenger
Airlines
—
0.1%
United
Airlines
Holdings,
Inc.
(a)
............
27,919
2,512,710
Pharmaceuticals
—
3.7%
Axsome
Therapeutics,
Inc.
(a)
.............
31,781
6,602,503
Bristol-Myers
Squibb
Co.
................
301,706
18,280,366
Eli
Lilly
&
Co.
.......................
35,960
33,608,216
Johnson
&
Johnson
...................
156,754
36,029,907
Security
Shares
Shares
Value
Pharmaceuticals
(continued)
Merck
&
Co.,
Inc.
.....................
113,220
$
12,361,360
Pfizer,
Inc.
.........................
523,023
13,964,714
Viatris,
Inc.
.........................
56,783
848,338
121,695,404
Professional
Services
—
0.8%
Automatic
Data
Processing,
Inc.
...........
33,549
7,110,375
Booz
Allen
Hamilton
Holding
Corp.
,
Class
A
...
21,250
1,652,612
Genpact
Ltd.
........................
40,799
1,417,765
Leidos
Holdings,
Inc.
..................
34,544
5,154,656
Paychex,
Inc.
.......................
52,768
4,887,900
UL
Solutions,
Inc.
,
Class
A
...............
77,741
7,034,783
27,258,091
Residential
REITs
—
0.3%
AvalonBay
Communities,
Inc.
............
7,808
1,428,864
Equity
Residential
....................
105,801
6,917,269
8,346,133
Retail
REITs
—
0.6%
Brixmor
Property
Group,
Inc.
.............
308,301
9,276,777
Regency
Centers
Corp.
................
54,897
4,273,731
Simon
Property
Group,
Inc.
..............
32,977
6,717,745
20,268,253
Semiconductors
&
Semiconductor
Equipment
—
15.4%
Advanced
Micro
Devices,
Inc.
(a)
...........
47,807
16,947,103
Analog
Devices,
Inc.
...................
15,415
6,200,838
Applied
Materials,
Inc.
.................
38,176
15,060,050
Broadcom,
Inc.
......................
263,631
110,047,488
Cirrus
Logic,
Inc.
(a)
....................
51,140
8,339,911
Intel
Corp.
(a)
........................
57,663
5,448,000
KLA
Corp.
..........................
12,262
21,462,792
Lam
Research
Corp.
..................
89,053
22,963,207
Micron
Technology,
Inc.
.................
37,754
19,524,859
NVIDIA
Corp.
.......................
1,227,764
245,024,862
Qnity
Electronics,
Inc.
..................
18,434
2,592,926
Qorvo,
Inc.
(a)
........................
26,092
2,458,388
QUALCOMM,
Inc.
....................
99,065
17,790,093
Rambus,
Inc.
(a)
......................
37,342
4,298,438
Semtech
Corp.
(a)
.....................
47,661
5,006,788
503,165,743
Software
—
8.7%
Adobe,
Inc.
(a)
........................
16,896
4,158,106
AppLovin
Corp.
,
Class
A
(a)
...............
33,043
14,748,743
Atlassian
Corp.
,
Class
A
(a)
...............
140,458
9,634,014
Cadence
Design
Systems,
Inc.
(a)
..........
7,223
2,380,629
Crowdstrike
Holdings,
Inc.
,
Class
A
(a)
........
13,229
5,896,827
DocuSign,
Inc.
,
Class
A
(a)
...............
157,794
7,256,946
Fair
Isaac
Corp.
(a)
(c)
...................
5,714
5,856,850
Fortinet,
Inc.
(a)
.......................
161,086
13,581,161
HubSpot,
Inc.
(a)
......................
5,732
1,271,128
InterDigital,
Inc.
......................
24,169
7,167,559
Intuit,
Inc.
..........................
16,758
6,510,483
Manhattan
Associates,
Inc.
(a)
.............
19,474
2,685,270
Microsoft
Corp.
......................
361,256
147,312,972
Nutanix,
Inc.
,
Class
A
(a)
.................
173,079
7,077,200
Oracle
Corp.
........................
62,004
10,006,826
Palantir
Technologies,
Inc.
,
Class
A
(a)
.......
95,415
13,273,181
Palo
Alto
Networks,
Inc.
(a)
...............
15,136
2,714,187
Procore
Technologies,
Inc.
(a)
.............
82,575
4,672,093
Rubrik,
Inc.
,
Class
A
(a)
..................
62,520
3,324,814
Salesforce,
Inc.
......................
36,127
6,377,499
Samsara,
Inc.
,
Class
A
(a)
................
120,037
3,449,863
ServiceNow,
Inc.
(a)
....................
6,885
608,014
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Equity
Factor
ETF
4
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Software
(continued)
Zscaler,
Inc.
(a)
.......................
28,952
$
3,783,447
283,747,812
Specialized
REITs
—
0.2%
American
Tower
Corp.
.................
5,539
1,012,031
Crown
Castle,
Inc.
....................
51,051
4,532,308
5,544,339
Specialty
Retail
—
1.3%
AutoZone,
Inc.
(a)
.....................
1,042
3,859,599
Best
Buy
Co.,
Inc.
....................
108,304
6,551,309
Carvana
Co.
,
Class
A
(a)
.................
18,339
7,258,576
Dick's
Sporting
Goods,
Inc.
..............
4,256
965,772
GameStop
Corp.
,
Class
A
(a)
(c)
.............
41,082
1,024,996
Home
Depot,
Inc.
(The)
................
3,330
1,094,904
Lowe's
Cos.,
Inc.
.....................
12,051
2,877,658
Ulta
Beauty,
Inc.
(a)
(c)
...................
9,105
4,893,755
Wayfair,
Inc.
,
Class
A
(a)
.................
64,092
4,097,402
Williams-Sonoma,
Inc.
.................
61,448
11,134,992
43,758,963
Technology
Hardware,
Storage
&
Peripherals
—
7.8%
Apple,
Inc.
.........................
747,497
202,833,311
Dell
Technologies,
Inc.
,
Class
C
...........
50,279
10,505,797
Hewlett
Packard
Enterprise
Co.
...........
300,084
8,633,417
HP,
Inc.
...........................
93,782
1,956,293
NetApp,
Inc.
........................
3,961
438,760
Sandisk
Corp.
(a)
......................
7,897
8,659,139
Seagate
Technology
Holdings
plc
..........
24,692
16,633,519
Western
Digital
Corp.
..................
12,418
5,395,869
255,056,105
Textiles,
Apparel
&
Luxury
Goods
—
1.0%
Amer
Sports,
Inc.
(a)
....................
190,529
6,681,852
Deckers
Outdoor
Corp.
(a)
................
47,911
4,896,504
On
Holding
AG
,
Class
A
(a)
...............
22,454
799,587
Ralph
Lauren
Corp.
,
Class
A
.............
28,264
10,136,601
Tapestry,
Inc.
........................
75,623
10,968,360
33,482,904
Tobacco
—
1.3%
Altria
Group,
Inc.
.....................
384,363
27,923,972
Philip
Morris
International,
Inc.
............
80,733
13,326,596
41,250,568
Trading
Companies
&
Distributors
—
0.7%
AerCap
Holdings
NV
..................
123,160
17,514,584
Core
&
Main,
Inc.
,
Class
A
(a)
..............
125,666
6,329,796
23,844,380
Water
Utilities
—
0.0%
American
Water
Works
Co.,
Inc.
...........
11,440
1,469,125
Total
Common
Stocks
—
99
.8
%
(Cost:
$
2,329,249,309
)
............................
3,256,014,076
Rights
Health
Care
Equipment
&
Supplies
—
0.0%
Hologic,
Inc.,
CVR
(a)
..................
19,262
193
Total
Rights
—
0.0
%
(Cost:
$
193
)
....................................
193
Total
Long-Term
Investments
—
99.8%
(Cost:
$
2,329,249,502
)
............................
3,256,014,269
Security
Shares
Shares
Value
Short-Term
Securities
Money
Market
Funds
—
0.4%
(b)(d)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
3.83
%
(e)
...................
8,704,725
$
8,707,337
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
3.61
%
....................
4,294,883
4,294,883
Total
Short-Term
Securities
—
0
.4
%
(Cost:
$
13,000,639
)
...............................
13,002,220
Total
Investments
—
100
.2
%
(Cost:
$
2,342,250,141
)
............................
3,269,016,489
Liabilities
in
Excess
of
Other
Assets
—
(
0.2
)
%
.............
(
6,755,511
)
Net
Assets
—
100.0%
...............................
$
3,262,260,978
(a)
Non-income
producing
security.
(b)
Affiliate
of
the
Fund.
(c)
All
or
a
portion
of
this
security
is
on
loan.
(d)
Annualized
7-day
yield
as
of
period
end.
(e)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Equity
Factor
ETF
5
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
April
30,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
07/31/25
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
04/30/26
Shares
Held
at
04/30/26
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
..............
$
35,943,564
$
—
$
(
27,233,273
)
(a)
$
(
1,398
)
$
(
1,556
)
$
8,707,337
8,704,725
$
47,726
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
2,904,187
1,390,696
(a)
—
—
—
4,294,883
4,294,883
97,647
—
BlackRock,
Inc.
..........
6,516,611
1,187,824
(
2,967,825
)
83,309
(
620,389
)
4,199,530
3,941
100,389
—
$
81,911
$
(
621,945
)
$
17,201,750
$
245,762
$
—
—
—
(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
collateral
investment
fees,
and
other
payments
to
and
from
borrowers
of
securities.
Derivative
Financial
Instruments
Outstanding
as
of
Period
End
Futures
Contracts
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long
Contracts
S&P
500
E-Mini
Index
.......................................................
14
06/18/26
$
5,071
$
360,556
S&P
Midcap
400
E-Mini
Index
.................................................
1
06/18/26
365
10,577
$
371,133
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Equity
Factor
ETF
6
Fair
Value
Hierarchy
as
of
Period
End
Various
inputs
are
used
in
determining
the
fair
value
of
financial
instruments
at
the
measurement
date.
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
that
the
Fund
has
the
ability
to
access
for
identical
assets
or
liabilities;
Level
2
—
Inputs
other
than
quoted
prices
included
within
Level
1
that
are
observable
for
the
asset
or
liability,
either
directly
or
indirectly;
and
Level
3
—
Inputs
that
are
unobservable
and
significant
to
the
entire
fair
value
measurement
for
the
asset
or
liability
(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,
that
may
not have
a
secondary
market,
and/
or
may
have
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
.........................................
$
3,256,014,076
$
—
$
—
$
3,256,014,076
Rights
................................................
—
193
—
193
Short-Term
Securities
Money
Market
Funds
......................................
13,002,220
—
—
13,002,220
$
3,269,016,296
$
193
$
—
$
3,269,016,489
Derivative
Financial
Instruments
(a)
Assets
Equity
contracts
...........................................
$
371,133
$
—
$
—
$
371,133
(a)
Derivative
financial
instruments
are
futures
contracts.
Futures
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Portfolio
Abbreviation
CVR
Contingent
Value
Rights
MSCI
Morgan
Stanley
Capital
International
Nasdaq
National
Association
of
Securities
Dealers
Automated
Quotations
NVS
Non-Voting
Shares
REIT
Real
Estate
Investment
Trust