Schedule
of
Investments
(unaudited)
April
30,
2026
iShares
®
U.S.
Small-Cap
Equity
Factor
ETF
1
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Aerospace
&
Defense
—
3.1%
AeroVironment,
Inc.
(a)
(b)
.................
17,325
$
3,378,722
Archer
Aviation,
Inc.
,
Class
A
(a)
(b)
...........
186,604
1,071,107
Astronics
Corp.
(b)
.....................
23,676
1,690,466
ATI,
Inc.
(b)
..........................
79,707
12,391,250
BWX
Technologies,
Inc.
................
39,803
8,612,971
Carpenter
Technology
Corp.
.............
31,475
13,477,595
Curtiss-Wright
Corp.
...................
21,786
15,690,277
FTAI
Aviation
Ltd.
.....................
51,543
12,868,741
Hexcel
Corp.
........................
5,483
514,689
Huntington
Ingalls
Industries,
Inc.
..........
19,525
7,112,762
Intuitive
Machines,
Inc.
,
Class
A
(a)
(b)
.........
44,374
1,124,881
Karman
Holdings,
Inc.
(a)
(b)
...............
88,435
6,011,811
Kratos
Defense
&
Security
Solutions,
Inc.
(b)
...
69,494
4,381,597
Loar
Holdings,
Inc.
(a)
(b)
..................
43,073
2,417,257
Mercury
Systems,
Inc.
(b)
................
36,313
2,865,459
Moog,
Inc.
,
Class
A
...................
4,849
1,461,052
StandardAero,
Inc.
(b)
...................
169,751
4,220,010
Woodward,
Inc.
......................
33,056
11,998,997
York
Space
Systems,
Inc.
(a)
(b)
.............
22,448
744,376
112,034,020
Automobile
Components
—
0.8%
Autoliv,
Inc.
.........................
47,851
5,547,366
BorgWarner,
Inc.
.....................
123,138
7,015,172
Dana,
Inc.
..........................
76,754
2,797,683
Garrett
Motion,
Inc.
...................
33,631
861,290
Mobileye
Global,
Inc.
,
Class
A
(b)
...........
175,404
1,524,261
Phinia,
Inc.
.........................
72,024
5,196,532
QuantumScape
Corp.
,
Class
A
(a)
(b)
.........
118,395
863,100
Standard
Motor
Products,
Inc.
............
28,079
1,049,312
Visteon
Corp.
.......................
26,803
2,994,163
27,848,879
Automobiles
—
0.2%
Harley-Davidson,
Inc.
..................
172,900
4,130,581
Thor
Industries,
Inc.
...................
21,755
1,719,515
5,850,096
Banks
—
5.4%
1st
Source
Corp.
.....................
78,323
5,759,090
Associated
Banc-Corp.
.................
117,320
3,303,731
Axos
Financial,
Inc.
(b)
..................
95,988
9,257,083
BancFirst
Corp.
......................
36,504
4,074,211
Bancorp,
Inc.
(The)
(b)
..................
84,486
5,054,797
Bank
of
Hawaii
Corp.
..................
28,914
2,298,952
Bank
of
NT
Butterfield
&
Son
Ltd.
(The)
......
61,942
3,434,684
Bank
OZK
.........................
51,869
2,498,011
BankUnited,
Inc.
.....................
164,363
7,639,592
Capitol
Federal
Financial,
Inc.
............
102,884
790,149
City
Holding
Co.
.....................
5,841
718,209
Commerce
Bancshares,
Inc.
.............
119,583
6,221,904
Community
Trust
Bancorp,
Inc.
...........
31,823
2,066,267
Cullen/Frost
Bankers,
Inc.
...............
60,076
8,706,815
Customers
Bancorp,
Inc.
(b)
...............
55,965
4,268,451
CVB
Financial
Corp.
...................
69,281
1,411,254
Eagle
Bancorp,
Inc.
...................
66,939
1,730,373
East
West
Bancorp,
Inc.
................
124,615
15,760,059
First
BanCorp
.......................
313,923
7,622,050
First
Citizens
BancShares,
Inc.
,
Class
A
......
4,855
9,631,446
First
Financial
Bankshares,
Inc.
...........
36,422
1,175,338
First
Hawaiian,
Inc.
...................
96,690
2,637,703
First
Horizon
Corp.
....................
114,667
2,862,088
Flagstar
Bank
NA
.....................
101,603
1,419,394
Fulton
Financial
Corp.
..................
120,072
2,592,355
Security
Shares
Shares
Value
Banks
(continued)
Hancock
Whitney
Corp.
................
42,932
$
2,898,339
Hilltop
Holdings,
Inc.
...................
112,895
4,252,755
International
Bancshares
Corp.
...........
11,247
806,860
Metropolitan
Bank
Holding
Corp.
..........
53,407
4,718,508
OFG
Bancorp
.......................
179,537
8,251,521
Pathward
Financial,
Inc.
................
73,731
6,402,800
Pinnacle
Financial
Partners,
Inc.
...........
26,025
2,574,914
Popular,
Inc.
........................
116,682
17,540,805
Preferred
Bank
......................
17,722
1,678,805
ServisFirst
Bancshares,
Inc.
.............
47,096
3,749,784
Southstate
Bank
Corp.
.................
4,796
468,425
Texas
Capital
Bancshares,
Inc.
(b)
..........
12,058
1,214,241
TFS
Financial
Corp.
...................
375,929
5,653,972
Trustmark
Corp.
.....................
64,051
2,841,943
UMB
Financial
Corp.
..................
36,074
4,551,457
WaFd,
Inc.
.........................
104,184
3,688,114
Webster
Financial
Corp.
................
28,550
2,065,878
Western
Alliance
Bancorp
...............
10,836
883,567
Wintrust
Financial
Corp.
................
5,502
828,436
Zions
Bancorp
NA
....................
134,686
8,541,786
196,546,916
Beverages
—
0.7%
Celsius
Holdings,
Inc.
(a)
(b)
................
13,970
468,973
Coca-Cola
Consolidated,
Inc.
.............
60,483
12,403,249
Molson
Coors
Beverage
Co.
,
Class
B
.......
54,931
2,347,751
Vita
Coco
Co.,
Inc.
(The)
(b)
...............
169,679
11,197,117
26,417,090
Biotechnology
—
6.3%
(b)
ACADIA
Pharmaceuticals,
Inc.
............
199,755
4,484,500
ADMA
Biologics,
Inc.
..................
79,414
813,993
Akebia
Therapeutics,
Inc.
(a)
..............
570,574
787,392
Alkermes
plc
........................
319,304
10,763,738
Anavex
Life
Sciences
Corp.
(a)
.............
288,460
963,456
Apellis
Pharmaceuticals,
Inc.
.............
18,227
746,396
Apogee
Therapeutics,
Inc.
(a)
..............
9,455
783,725
Arcus
Biosciences,
Inc.
.................
91,504
2,333,352
Arrowhead
Pharmaceuticals,
Inc.
..........
29,297
2,152,744
ARS
Pharmaceuticals,
Inc.
(a)
.............
169,638
1,401,210
Beam
Therapeutics,
Inc.
................
19,150
580,819
BioCryst
Pharmaceuticals,
Inc.
(a)
...........
693,196
6,349,675
Black
Diamond
Therapeutics,
Inc.
(a)
........
216,363
573,362
Bridgebio
Pharma,
Inc.
(a)
................
133,303
9,479,176
CareDx,
Inc.
........................
56,136
1,168,190
Catalyst
Pharmaceuticals,
Inc.
............
298,458
8,395,624
Celcuity,
Inc.
........................
34,830
4,226,621
Cogent
Biosciences,
Inc.
................
17,401
622,782
Corvus
Pharmaceuticals,
Inc.
(a)
...........
24,567
373,173
CRISPR
Therapeutics
AG
(a)
..............
52,776
2,762,296
Cullinan
Therapeutics,
Inc.
(a)
.............
107,815
1,406,986
Cytokinetics,
Inc.
.....................
64,877
4,150,182
Denali
Therapeutics,
Inc.
................
233,880
4,378,234
Dyne
Therapeutics,
Inc.
................
30,269
531,221
Emergent
BioSolutions,
Inc.
..............
97,026
798,524
Erasca,
Inc.
........................
216,869
2,309,655
Exelixis,
Inc.
........................
227,621
10,120,030
GRAIL,
Inc.
(a)
.......................
19,288
1,050,810
Halozyme
Therapeutics,
Inc.
.............
147,535
9,392,078
Immunovant,
Inc.
.....................
14,941
405,573
Insmed,
Inc.
........................
107,198
14,614,303
Ionis
Pharmaceuticals,
Inc.
(a)
.............
121,981
9,119,300
Ironwood
Pharmaceuticals,
Inc.
,
Class
A
.....
167,775
692,072
Janux
Therapeutics,
Inc.
................
49,177
706,673
Kura
Oncology,
Inc.
...................
36,890
325,739
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Small-Cap
Equity
Factor
ETF
2
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Biotechnology
(continued)
Madrigal
Pharmaceuticals,
Inc.
............
13,229
$
6,844,552
MiMedx
Group,
Inc.
...................
193,129
648,913
Mineralys
Therapeutics,
Inc.
.............
79,803
2,126,750
Moderna,
Inc.
.......................
240,738
11,059,504
Natera,
Inc.
.........................
87,531
18,045,391
Nurix
Therapeutics,
Inc.
................
131,489
2,195,866
Nuvalent,
Inc.
,
Class
A
(a)
................
68,019
6,820,945
Praxis
Precision
Medicines,
Inc.
...........
2,763
880,927
Protagonist
Therapeutics,
Inc.
............
25,426
2,516,411
PTC
Therapeutics,
Inc.
.................
57,923
3,768,470
Revolution
Medicines,
Inc.
...............
68,339
9,849,017
Rhythm
Pharmaceuticals,
Inc.
............
44,893
3,652,494
Sana
Biotechnology,
Inc.
(a)
...............
393,096
1,293,286
Soleno
Therapeutics,
Inc.
...............
23,152
1,222,889
Spyre
Therapeutics,
Inc.
................
34,087
2,537,777
TG
Therapeutics,
Inc.
(a)
.................
90,228
3,047,902
Travere
Therapeutics,
Inc.
...............
11,805
497,227
Twist
Bioscience
Corp.
(a)
................
73,143
4,275,208
United
Therapeutics
Corp.
...............
32,651
18,655,149
Vanda
Pharmaceuticals,
Inc.
.............
99,226
704,505
Vera
Therapeutics,
Inc.
,
Class
A
...........
58,162
2,071,149
Veracyte,
Inc.
.......................
129,690
4,269,395
Viking
Therapeutics,
Inc.
(a)
...............
37,100
1,156,778
Xencor,
Inc.
........................
140,866
1,680,531
229,584,640
Broadline
Retail
—
0.8%
Dillard's,
Inc.
,
Class
A
(a)
.................
10,926
6,219,298
Etsy,
Inc.
(b)
.........................
140,250
9,023,685
Global-e
Online
Ltd.
(a)
(b)
.................
69,848
2,191,132
Kohl's
Corp.
........................
244,909
3,470,360
Macy's,
Inc.
........................
349,611
6,834,895
27,739,370
Building
Products
—
1.8%
A
O
Smith
Corp.
.....................
13,154
813,443
Advanced
Drainage
Systems,
Inc.
.........
26,249
3,917,663
Allegion
plc
.........................
36,617
5,034,105
Apogee
Enterprises,
Inc.
................
65,950
2,400,580
Carlisle
Cos.,
Inc.
....................
29,755
10,570,761
CSW
Industrials,
Inc.
..................
5,610
1,633,632
Griffon
Corp.
........................
98,198
8,952,712
Masterbrand,
Inc.
(b)
...................
39,227
352,259
Modine
Manufacturing
Co.
(a)
(b)
............
39,064
9,946,866
Owens
Corning
......................
35,065
4,324,917
Quanex
Building
Products
Corp.
...........
31,290
623,923
Resideo
Technologies,
Inc.
(b)
.............
28,011
1,158,815
Simpson
Manufacturing
Co.,
Inc.
..........
26,138
4,985,301
Trex
Co.,
Inc.
(b)
......................
109,842
4,305,806
UFP
Industries,
Inc.
...................
57,610
5,155,519
64,176,302
Capital
Markets
—
3.9%
Acadian
Asset
Management,
Inc.
..........
15,908
1,071,404
Affiliated
Managers
Group,
Inc.
...........
40,698
11,992,480
Bitgo
Holdings,
Inc.
,
Class
A
(a)
(b)
...........
28,141
283,943
Cohen
&
Steers,
Inc.
..................
11,159
784,366
Donnelley
Financial
Solutions,
Inc.
(b)
........
59,430
2,989,329
Evercore,
Inc.
,
Class
A
.................
49,574
15,927,630
FactSet
Research
Systems,
Inc.
...........
10,100
2,298,558
Federated
Hermes,
Inc.
,
Class
B,
NVS
......
84,607
4,914,821
Houlihan
Lokey,
Inc.
,
Class
A
.............
31,212
4,830,057
Interactive
Brokers
Group,
Inc.
,
Class
A
......
358,309
28,485,566
Invesco
Ltd.
........................
179,746
4,711,143
Janus
Henderson
Group
plc
.............
220,240
11,366,586
Jefferies
Financial
Group,
Inc.
............
148,685
7,169,591
Security
Shares
Shares
Value
Capital
Markets
(continued)
Lazard,
Inc.
,
Class
A
...................
51,859
$
2,515,161
Miami
International
Holdings,
Inc.
(b)
.........
76,013
3,533,844
Morningstar,
Inc.
.....................
14,832
2,502,307
Piper
Sandler
Cos.
....................
111,036
9,682,339
StepStone
Group,
Inc.
,
Class
A
...........
19,281
1,019,965
Stifel
Financial
Corp.
..................
74,975
5,908,780
StoneX
Group,
Inc.
(b)
..................
39,608
4,199,636
Virtu
Financial,
Inc.
,
Class
A
..............
59,315
2,945,583
Webull
Corp.
(b)
.......................
146,451
1,000,260
WisdomTree,
Inc.
.....................
71,599
1,217,183
XP,
Inc.
,
Class
A
.....................
581,400
11,139,624
142,490,156
Chemicals
—
2.2%
Albemarle
Corp.
.....................
51,258
10,082,449
Ashland,
Inc.
........................
91,814
4,890,014
Avient
Corp.
........................
118,131
4,380,297
Axalta
Coating
Systems
Ltd.
(b)
............
122,636
3,487,768
Balchem
Corp.
......................
8,183
1,322,536
Cabot
Corp.
........................
37,515
2,887,154
DuPont
de
Nemours,
Inc.
...............
270,635
12,357,194
Element
Solutions,
Inc.
.................
180,345
7,680,894
FMC
Corp.
.........................
95,093
1,462,530
Hawkins,
Inc.
.......................
12,465
2,087,264
Huntsman
Corp.
.....................
174,745
2,511,086
Ingevity
Corp.
(b)
......................
23,165
1,764,941
Mativ
Holdings,
Inc.
...................
187,506
1,740,056
Mosaic
Co.
(The)
.....................
117,759
2,740,252
Olin
Corp.
..........................
74,863
2,132,098
Perimeter
Solutions,
Inc.
(b)
...............
254,544
7,712,683
RPM
International,
Inc.
.................
53,429
5,443,881
Scotts
Miracle-Gro
Co.
(The)
.............
77,888
4,883,578
Sensient
Technologies
Corp.
.............
5,715
649,453
80,216,128
Commercial
Services
&
Supplies
—
0.8%
ACCO
Brands
Corp.
...................
720,561
2,313,001
Brady
Corp.
,
Class
A,
NVS
..............
57,387
4,695,404
Cimpress
plc
(b)
.......................
44,953
3,976,542
CoreCivic,
Inc.
(b)
.....................
174,949
3,579,457
Deluxe
Corp.
........................
114,323
3,561,161
HNI
Corp.
..........................
19,245
703,212
Interface,
Inc.
,
Class
A
.................
134,683
3,754,962
MSA
Safety,
Inc.
.....................
3,695
614,811
Tetra
Tech,
Inc.
......................
232,908
7,527,587
30,726,137
Communications
Equipment
—
0.6%
(b)
Applied
Optoelectronics,
Inc.
(a)
............
6,396
1,051,247
Extreme
Networks,
Inc.
.................
337,299
7,450,935
NETGEAR,
Inc.
......................
99,242
2,507,845
NetScout
Systems,
Inc.
.................
167,839
5,656,174
Ondas,
Inc.
(a)
........................
171,408
1,720,936
Viasat,
Inc.
.........................
51,177
3,373,076
Vistance
Networks,
Inc.
.................
67,992
869,958
22,630,171
Construction
&
Engineering
—
3.3%
AECOM
...........................
59,209
4,979,477
API
Group
Corp.
(b)
....................
108,387
4,955,454
Argan,
Inc.
.........................
26,969
18,068,691
Dycom
Industries,
Inc.
(b)
................
3,911
1,619,545
EMCOR
Group,
Inc.
...................
54,680
48,756,515
Everus
Construction
Group,
Inc.
(b)
..........
28,495
4,201,018
Fluor
Corp.
(b)
........................
9,318
497,115
Limbach
Holdings,
Inc.
(a)
(b)
...............
21,732
2,168,202
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Small-Cap
Equity
Factor
ETF
3
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Construction
&
Engineering
(continued)
Primoris
Services
Corp.
................
8,867
$
1,606,257
Sterling
Infrastructure,
Inc.
(a)
(b)
............
48,856
25,191,131
Tutor
Perini
Corp.
....................
12,437
1,155,646
Valmont
Industries,
Inc.
.................
10,510
5,339,500
118,538,551
Consumer
Finance
—
1.0%
Bread
Financial
Holdings,
Inc.
............
3,715
314,958
Credit
Acceptance
Corp.
(a)
(b)
..............
6,057
3,058,240
Figure
Technology
Solutions,
Inc.
,
Class
A
(a)
(b)
..
99,679
3,498,733
Green
Dot
Corp.
,
Class
A
(b)
..............
78,187
981,247
LendingClub
Corp.
(b)
...................
38,775
661,889
LendingTree,
Inc.
(a)
(b)
..................
36,626
1,816,283
Navient
Corp.
.......................
416,085
3,844,625
OneMain
Holdings,
Inc.
.................
60,748
3,570,160
PROG
Holdings,
Inc.
..................
117,540
4,211,458
SLM
Corp.
.........................
208,288
4,807,287
SoFi
Technologies,
Inc.
(a)
(b)
..............
675,786
10,880,155
37,645,035
Consumer
Staples
Distribution
&
Retail
—
1.4%
Albertsons
Cos.,
Inc.
,
Class
A
............
254,900
4,295,065
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
(b)
.......
26,506
2,488,648
Casey's
General
Stores,
Inc.
.............
14,099
11,591,493
Ingles
Markets,
Inc.
,
Class
A
.............
80,377
7,352,084
Maplebear,
Inc.
(a)
(b)
....................
125,869
5,330,552
Sprouts
Farmers
Market,
Inc.
(b)
............
113,073
9,255,025
United
Natural
Foods,
Inc.
(b)
..............
81,358
4,069,527
US
Foods
Holding
Corp.
(a)
(b)
..............
89,493
8,366,701
52,749,095
Containers
&
Packaging
—
0.2%
Graphic
Packaging
Holding
Co.
...........
304,090
2,897,978
Greif,
Inc.
,
Class
A,
NVS
................
6,207
404,945
O-I
Glass,
Inc.
(b)
......................
84,760
772,163
Sonoco
Products
Co.
..................
61,910
3,093,024
7,168,110
Diversified
Consumer
Services
—
1.0%
ADT,
Inc.
..........................
289,022
2,176,336
Coursera,
Inc.
(a)
(b)
.....................
327,345
1,947,703
Covista,
Inc.
(b)
.......................
37,793
4,354,509
Duolingo,
Inc.
,
Class
A
(b)
................
38,867
4,279,257
Frontdoor,
Inc.
(b)
......................
24,493
1,680,955
H&R
Block,
Inc.
......................
210,397
6,675,897
Perdoceo
Education
Corp.
...............
261,511
8,875,683
Service
Corp.
International
..............
22,068
1,788,170
Stride,
Inc.
(b)
........................
53,989
5,245,571
Udemy,
Inc.
(b)
.......................
126,821
601,131
37,625,212
Diversified
Telecommunication
Services
—
1.2%
AST
SpaceMobile,
Inc.
,
Class
A
(a)
(b)
.........
106,992
7,906,709
Bandwidth,
Inc.
,
Class
A
(b)
...............
158,092
5,819,366
Cogent
Communications
Holdings,
Inc.
......
27,782
629,262
Globalstar,
Inc.
(b)
.....................
30,679
2,524,882
IDT
Corp.
,
Class
B
....................
17,944
899,892
IHS
Holding
Ltd.
(a)
(b)
...................
187,289
1,537,643
Iridium
Communications,
Inc.
.............
18,760
732,953
Liberty
Global
Ltd.
,
Class
A
(b)
.............
265,633
3,076,030
Liberty
Global
Ltd.
,
Class
C,
NVS
(b)
.........
792,528
8,987,268
Liberty
Latin
America
Ltd.
,
Class
A
(b)
........
374,033
3,037,148
Liberty
Latin
America
Ltd.
,
Class
C,
NVS
(a)
(b)
...
51,842
430,807
Lumen
Technologies,
Inc.
(b)
..............
919,776
8,130,820
Uniti
Group,
Inc.
.....................
93,120
1,101,609
44,814,389
Security
Shares
Shares
Value
Electric
Utilities
—
0.8%
IDACORP,
Inc.
......................
115,088
$
17,003,101
OGE
Energy
Corp.
....................
96,000
4,684,800
Oklo,
Inc.
,
Class
A
(a)
(b)
..................
58,461
4,238,423
Otter
Tail
Corp.
......................
26,662
2,379,317
Portland
General
Electric
Co.
.............
49,267
2,558,435
30,864,076
Electrical
Equipment
—
2.5%
Acuity,
Inc.
.........................
38,347
11,111,810
American
Superconductor
Corp.
(b)
.........
117,609
6,296,786
Amprius
Technologies,
Inc.
(b)
.............
102,213
2,152,606
Array
Technologies,
Inc.
(a)
(b)
..............
295,911
2,290,351
Atkore,
Inc.
.........................
15,794
1,234,301
EnerSys
...........................
13,442
2,866,641
Eos
Energy
Enterprises,
Inc.
,
Class
A
(a)
(b)
.....
52,769
353,552
Fluence
Energy,
Inc.
,
Class
A
(a)
(b)
..........
53,633
653,250
Generac
Holdings,
Inc.
(b)
................
20,071
5,203,005
Nextpower,
Inc.
,
Class
A
(a)
(b)
..............
46,433
5,531,563
NuScale
Power
Corp.
,
Class
A
(a)
(b)
..........
186,445
2,323,105
nVent
Electric
plc
.....................
216,089
30,879,118
Powell
Industries,
Inc.
(a)
................
59,815
16,584,905
Regal
Rexnord
Corp.
..................
7,548
1,623,047
Vicor
Corp.
(b)
........................
2,676
720,567
89,824,607
Electronic
Equipment,
Instruments
&
Components
—
3.9%
Advanced
Energy
Industries,
Inc.
..........
14,520
5,574,373
Arlo
Technologies,
Inc.
(b)
................
207,256
2,911,947
Arrow
Electronics,
Inc.
(b)
................
35,513
6,670,407
Badger
Meter,
Inc.
....................
26,091
3,154,663
Belden,
Inc.
........................
23,169
2,606,049
Crane
NXT
Co.
......................
50,998
2,278,591
Fabrinet
(a)
(b)
.........................
15,430
10,545,942
Flex
Ltd.
(b)
..........................
273,469
25,036,087
Insight
Enterprises,
Inc.
(b)
...............
9,537
695,247
Itron,
Inc.
(b)
.........................
45,487
3,811,811
Jabil,
Inc.
..........................
94,806
31,996,077
Knowles
Corp.
(b)
.....................
142,809
4,454,213
Littelfuse,
Inc.
.......................
6,931
2,801,302
Mirion
Technologies,
Inc.
,
Class
A
(b)
........
213,142
4,209,554
Napco
Security
Technologies,
Inc.
.........
56,488
2,640,814
nLight,
Inc.
(b)
........................
39,043
2,727,153
Novanta,
Inc.
(a)
(b)
.....................
22,624
2,930,487
OSI
Systems,
Inc.
(a)
(b)
..................
13,493
3,871,412
Ouster,
Inc.
,
Class
A
(a)
(b)
................
15,117
407,554
Ralliant
Corp.
.......................
97,507
4,430,718
Sanmina
Corp.
(b)
.....................
38,025
8,282,605
TTM
Technologies,
Inc.
(b)
................
63,195
9,998,713
Vontier
Corp.
........................
44,224
1,586,757
143,622,476
Energy
Equipment
&
Services
—
1.3%
Archrock,
Inc.
.......................
166,648
6,457,610
Helmerich
&
Payne,
Inc.
................
93,105
3,759,580
Kodiak
Gas
Services,
Inc.
...............
22,194
1,504,753
NOV,
Inc.
..........................
251,501
5,145,710
Oceaneering
International,
Inc.
(b)
..........
79,340
2,978,424
Oil
States
International,
Inc.
(b)
.............
72,329
830,337
Patterson-UTI
Energy,
Inc.
..............
509,179
6,222,167
Transocean
Ltd.
(a)
(b)
...................
596,090
4,065,334
Valaris
Ltd.
(b)
........................
3,709
378,244
Weatherford
International
plc
.............
137,446
15,167,166
46,509,325
Entertainment
—
0.2%
Roku,
Inc.
,
Class
A
(b)
..................
65,562
7,641,907
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Small-Cap
Equity
Factor
ETF
4
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Financial
Services
—
1.9%
Affirm
Holdings,
Inc.
,
Class
A
(a)
(b)
...........
129,585
$
8,329,724
Banco
Latinoamericano
de
Comercio
Exterior
SA
,
Class
E
......................
184,231
9,843,462
Chime
Financial,
Inc.
,
Class
A
(a)
(b)
..........
339,061
7,411,873
Euronet
Worldwide,
Inc.
(b)
...............
27,816
2,013,322
EVERTEC,
Inc.
......................
24,019
709,281
Federal
Agricultural
Mortgage
Corp.
,
Class
C,
NVS
...........................
3,568
620,118
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc.
......................
41,923
1,758,670
Jackson
Financial,
Inc.
,
Class
A
...........
26,237
3,037,458
Klarna
Group
plc
(a)
(b)
...................
116,261
1,618,353
MGIC
Investment
Corp.
................
124,617
3,299,858
PennyMac
Financial
Services,
Inc.
.........
12,326
1,112,915
Radian
Group,
Inc.
....................
58,334
2,090,107
Rocket
Cos.,
Inc.
,
Class
A
(b)
..............
509,417
7,447,677
Sezzle,
Inc.
(a)
(b)
......................
39,704
3,160,438
StoneCo
Ltd.
,
Class
A
(a)
................
182,633
2,005,310
Toast,
Inc.
,
Class
A
(b)
..................
214,748
6,124,613
Voya
Financial,
Inc.
...................
66,905
5,483,534
Western
Union
Co.
(The)
...............
186,295
1,693,422
WEX,
Inc.
(b)
.........................
16,975
2,551,852
70,311,987
Food
Products
—
0.8%
Adecoagro
SA
.......................
218,678
3,081,173
B&G
Foods,
Inc.
.....................
313,943
1,739,244
Cal-Maine
Foods,
Inc.
..................
29,048
2,244,248
Campbell's
Co.
(The)
..................
28,704
596,756
Conagra
Brands,
Inc.
..................
284,864
4,087,798
Flowers
Foods,
Inc.
...................
95,563
865,801
Hain
Celestial
Group,
Inc.
(The)
(a)
(b)
.........
940,985
614,651
Ingredion,
Inc.
.......................
11,647
1,301,436
John
B
Sanfilippo
&
Son,
Inc.
.............
68,991
5,642,774
Marzetti
Co.
(The)
....................
2,113
275,282
Pilgrim's
Pride
Corp.
...................
78,370
2,594,047
Post
Holdings,
Inc.
(b)
...................
49,394
5,174,022
Tootsie
Roll
Industries,
Inc.
..............
11,689
493,522
Utz
Brands,
Inc.
,
Class
A
................
84,144
669,786
Village
Farms
International,
Inc.
(a)
(b)
.........
242,115
690,028
Vital
Farms,
Inc.
(a)
(b)
...................
67,822
925,770
30,996,338
Gas
Utilities
—
0.9%
MDU
Resources
Group,
Inc.
.............
71,287
1,606,096
National
Fuel
Gas
Co.
.................
70,169
5,920,860
New
Jersey
Resources
Corp.
.............
97,724
5,502,838
Northwest
Natural
Holding
Co.
............
8,489
449,917
ONE
Gas,
Inc.
.......................
58,001
5,174,849
Southwest
Gas
Holdings,
Inc.
............
4,971
467,523
Spire,
Inc.
..........................
58,666
5,349,166
UGI
Corp.
..........................
253,331
9,142,716
33,613,965
Ground
Transportation
—
0.9%
Avis
Budget
Group,
Inc.
(a)
(b)
..............
21,149
3,820,990
Lyft,
Inc.
,
Class
A
(a)
(b)
...................
378,492
5,355,662
Ryder
System,
Inc.
....................
53,217
13,504,878
XPO,
Inc.
(b)
.........................
45,519
10,020,097
32,701,627
Health
Care
Equipment
&
Supplies
—
1.7%
AtriCure,
Inc.
(a)
(b)
.....................
30,279
851,143
Butterfly
Network,
Inc.
,
Class
A
(b)
..........
513,783
2,461,021
Cerus
Corp.
(b)
.......................
900,965
1,828,959
CONMED
Corp.
......................
29,668
1,087,629
Security
Shares
Shares
Value
Health
Care
Equipment
&
Supplies
(continued)
DENTSPLY
SIRONA,
Inc.
...............
493,129
$
5,794,266
Embecta
Corp.
......................
39,602
362,358
Enovis
Corp.
(b)
.......................
75,256
1,764,001
Envista
Holdings
Corp.
(b)
................
110,893
2,876,564
Glaukos
Corp.
(b)
......................
22,885
3,287,888
Haemonetics
Corp.
(b)
..................
26,505
1,592,685
Inspire
Medical
Systems,
Inc.
(b)
...........
14,529
815,658
Integer
Holdings
Corp.
(b)
................
10,814
957,147
IRhythm
Holdings,
Inc.
(a)
(b)
...............
18,131
2,341,800
Lantheus
Holdings,
Inc.
(b)
...............
50,137
4,242,593
LeMaitre
Vascular,
Inc.
.................
7,503
823,454
LivaNova
plc
(a)
(b)
......................
123,147
7,401,135
Masimo
Corp.
(b)
......................
27,059
4,828,137
Merit
Medical
Systems,
Inc.
(b)
.............
44,677
3,046,078
OraSure
Technologies,
Inc.
(b)
.............
185,954
565,300
Orthofix
Medical,
Inc.
(a)
(b)
................
48,978
575,981
Penumbra,
Inc.
(b)
.....................
9,460
3,088,501
Sight
Sciences,
Inc.
(b)
..................
209,506
856,880
Solventum
Corp.
(a)
(b)
...................
111,108
7,484,235
Teleflex,
Inc.
........................
29,961
3,712,467
62,645,880
Health
Care
Providers
&
Services
—
1.7%
Alignment
Healthcare,
Inc.
(b)
.............
81,746
1,842,555
AMN
Healthcare
Services,
Inc.
(b)
...........
45,372
928,765
Billiontoone,
Inc.
,
Class
A
(a)
(b)
.............
25,772
1,934,189
BrightSpring
Health
Services,
Inc.
(b)
........
91,626
4,395,299
Brookdale
Senior
Living,
Inc.
(b)
............
408,477
5,865,730
Chemed
Corp.
.......................
7,392
3,141,452
Encompass
Health
Corp.
...............
36,980
3,698,000
Ensign
Group,
Inc.
(The)
................
31,624
5,903,884
GeneDx
Holdings
Corp.
,
Class
A
(a)
(b)
........
5,900
371,051
Guardant
Health,
Inc.
(b)
.................
113,520
9,885,322
HealthEquity,
Inc.
(b)
....................
4,386
359,783
Henry
Schein,
Inc.
(a)
(b)
..................
7,578
565,243
Hims
&
Hers
Health,
Inc.
,
Class
A
(a)
(b)
.......
139,792
3,798,149
Joint
Corp.
(The)
(a)
(b)
...................
39,040
346,285
Nano-X
Imaging
Ltd.
(a)
(b)
................
128,587
219,884
NeoGenomics,
Inc.
(b)
..................
41,770
386,790
NRC
Health
........................
59,414
977,954
Option
Care
Health,
Inc.
(b)
...............
81,528
1,657,464
PACS
Group,
Inc.
(b)
...................
14,241
477,785
Pediatrix
Medical
Group,
Inc.
(b)
............
80,511
1,812,303
Tenet
Healthcare
Corp.
(b)
................
77,109
13,657,546
62,225,433
Health
Care
REITs
—
0.3%
Alexandria
Real
Estate
Equities,
Inc.
........
25,403
1,029,075
Medical
Properties
Trust,
Inc.
.............
583,307
2,881,537
National
Health
Investors,
Inc.
............
18,394
1,414,682
Omega
Healthcare
Investors,
Inc.
..........
79,694
3,743,227
Sila
Realty
Trust,
Inc.
..................
15,941
485,085
9,553,606
Health
Care
Technology
—
0.3%
Definitive
Healthcare
Corp.
,
Class
A
(a)
(b)
......
464,583
442,794
Doximity,
Inc.
,
Class
A
(b)
................
94,446
2,308,260
HealthStream,
Inc.
....................
52,817
1,096,481
HeartFlow,
Inc.
(a)
(b)
....................
46,216
1,375,388
Teladoc
Health,
Inc.
(a)
(b)
.................
543,064
3,290,968
Waystar
Holding
Corp.
(a)
(b)
...............
131,391
2,808,483
11,322,374
Hotel
&
Resort
REITs
—
0.2%
Park
Hotels
&
Resorts,
Inc.
..............
268,498
3,079,672
Pebblebrook
Hotel
Trust
................
32,141
451,581
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Small-Cap
Equity
Factor
ETF
5
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Hotel
&
Resort
REITs
(continued)
RLJ
Lodging
Trust
....................
73,723
$
607,477
Ryman
Hospitality
Properties,
Inc.
.........
3,797
399,027
Service
Properties
Trust
................
606,080
939,424
Sunstone
Hotel
Investors,
Inc.
............
51,476
505,494
Xenia
Hotels
&
Resorts,
Inc.
.............
64,539
1,050,050
7,032,725
Hotels,
Restaurants
&
Leisure
—
1.7%
Bloomin'
Brands,
Inc.
..................
237,529
1,448,927
Boyd
Gaming
Corp.
...................
6,298
547,611
Brightstar
Lottery
plc
..................
226,965
2,980,050
Brinker
International,
Inc.
(b)
..............
19,619
2,986,797
Caesars
Entertainment,
Inc.
(b)
............
13,009
361,650
Cava
Group,
Inc.
(a)
(b)
...................
46,117
4,307,789
Cheesecake
Factory,
Inc.
(The)
...........
14,870
934,877
Dine
Brands
Global,
Inc.
................
48,396
1,344,441
Jack
in
the
Box,
Inc.
(a)
(b)
.................
69,451
875,083
Life
Time
Group
Holdings,
Inc.
(a)
(b)
..........
38,119
1,021,970
MakeMyTrip
Ltd.
(a)
(b)
...................
55,000
2,596,550
Marriott
Vacations
Worldwide
Corp.
.........
24,215
1,743,722
MGM
Resorts
International
(a)
(b)
............
14,725
573,392
Navan,
Inc.
,
Class
A
(b)
..................
170,917
2,989,338
Papa
John's
International,
Inc.
............
32,951
1,192,497
Planet
Fitness,
Inc.
,
Class
A
(b)
............
28,712
1,914,229
Six
Flags
Entertainment
Corp.
(a)
(b)
..........
33,286
625,111
Super
Group
SGHC
Ltd.
................
290,895
3,769,999
Texas
Roadhouse,
Inc.
,
Class
A
...........
9,418
1,516,204
Travel
+
Leisure
Co.
...................
98,748
6,385,046
United
Parks
&
Resorts,
Inc.
(a)
(b)
...........
97,196
3,426,159
Vail
Resorts,
Inc.
.....................
21,100
2,683,498
Wendy's
Co.
(The)
....................
218,768
1,522,625
Wingstop,
Inc.
.......................
29,392
4,822,052
Wyndham
Hotels
&
Resorts,
Inc.
..........
41,890
3,409,008
Wynn
Resorts
Ltd.
....................
54,067
5,791,116
61,769,741
Household
Durables
—
1.4%
Cavco
Industries,
Inc.
(b)
.................
674
341,718
Helen
of
Troy
Ltd.
(b)
...................
20,948
484,946
Installed
Building
Products,
Inc.
...........
11,842
3,417,009
KB
Home
..........................
31,502
1,669,291
Lovesac
Co.
(The)
(a)
(b)
..................
30,486
481,984
Newell
Brands,
Inc.
...................
496,686
2,026,479
SharkNinja,
Inc.
(a)
(b)
...................
87,909
10,156,127
Somnigroup
International,
Inc.
............
120,603
9,148,944
Sonos,
Inc.
(b)
........................
116,019
1,720,562
Taylor
Morrison
Home
Corp.
,
Class
A
(b)
......
43,615
2,649,175
Toll
Brothers,
Inc.
.....................
47,032
6,685,128
TopBuild
Corp.
(b)
.....................
17,175
7,603,372
TRI
Pointe
Homes,
Inc.
(b)
................
91,107
4,272,007
Whirlpool
Corp.
......................
14,550
815,673
51,472,415
Household
Products
—
0.1%
Central
Garden
&
Pet
Co.
,
Class
A,
NVS
(b)
....
56,806
1,906,409
Energizer
Holdings,
Inc.
................
20,137
394,283
Spectrum
Brands
Holdings,
Inc.
...........
35,408
2,924,701
5,225,393
Independent
Power
and
Renewable
Electricity
Producers
—
0.5%
AES
Corp.
(The)
.....................
629,770
9,100,176
Talen
Energy
Corp.
(b)
..................
22,819
8,498,252
17,598,428
Industrial
REITs
—
0.6%
EastGroup
Properties,
Inc.
..............
17,485
3,517,982
First
Industrial
Realty
Trust,
Inc.
...........
197,027
12,217,644
Security
Shares
Shares
Value
Industrial
REITs
(continued)
Industrial
Logistics
Properties
Trust
.........
188,370
$
1,399,589
LXP
Industrial
Trust
...................
48,825
2,486,169
STAG
Industrial,
Inc.
..................
34,091
1,315,231
20,936,615
Insurance
—
3.0%
Accelerant
Holdings
,
Class
A
(a)
(b)
...........
51,139
665,318
Assurant,
Inc.
.......................
26,385
6,233,984
Assured
Guaranty
Ltd.
.................
89,735
7,349,297
Axis
Capital
Holdings
Ltd.
...............
3,074
308,660
CNO
Financial
Group,
Inc.
...............
136,743
6,078,226
First
American
Financial
Corp.
............
65,853
4,618,271
Genworth
Financial,
Inc.
,
Class
A
(b)
.........
186,159
1,636,338
Hamilton
Insurance
Group
Ltd.
,
Class
B
.....
211,384
6,927,054
HCI
Group,
Inc.
......................
42,267
6,490,943
Kinsale
Capital
Group,
Inc.
..............
5,270
1,705,425
Lemonade,
Inc.
(b)
.....................
67,357
3,815,100
Mercury
General
Corp.
.................
33,135
3,224,367
Old
Republic
International
Corp.
...........
363,847
14,535,688
Oscar
Health,
Inc.
,
Class
A
(a)
(b)
............
258,533
4,772,519
Palomar
Holdings,
Inc.
(b)
................
7,338
883,348
Primerica,
Inc.
.......................
31,026
8,726,683
RenaissanceRe
Holdings
Ltd.
............
26,890
8,254,423
Root,
Inc.
,
Class
A
(b)
...................
36,883
2,009,386
Slide
Insurance
Holdings,
Inc.
(b)
...........
365,888
6,823,811
Universal
Insurance
Holdings,
Inc.
.........
50,217
1,990,100
Unum
Group
........................
85,515
6,873,696
White
Mountains
Insurance
Group
Ltd.
(a)
.....
2,703
6,033,069
109,955,706
Interactive
Media
&
Services
—
0.8%
Angi,
Inc.
,
Class
A
(a)
(b)
..................
82,818
607,884
Bumble,
Inc.
,
Class
A
(a)
(b)
................
441,647
1,832,835
Cargurus,
Inc.
,
Class
A
(a)
(b)
...............
80,014
2,917,310
Cars.com,
Inc.
(a)
(b)
....................
115,503
1,269,378
IAC,
Inc.
(b)
..........................
25,191
1,122,511
Match
Group,
Inc.
....................
105,484
3,947,211
Pinterest,
Inc.
,
Class
A
(b)
................
79,692
1,566,745
Reddit,
Inc.
,
Class
A
(b)
..................
81,628
12,018,091
Shutterstock,
Inc.
.....................
115,725
1,871,273
Snap,
Inc.
,
Class
A,
NVS
(a)
(b)
.............
198,141
1,202,716
Yelp,
Inc.
,
Class
A
(b)
...................
42,186
1,164,334
29,520,288
IT
Services
—
0.4%
Amdocs
Ltd.
........................
8,786
568,191
Applied
Digital
Corp.
(a)
(b)
................
51,111
1,750,552
BigBear.ai
Holdings,
Inc.
(a)
(b)
..............
246,955
982,881
DXC
Technology
Co.
(a)
(b)
................
32,644
369,530
Everforth,
Inc.
(b)
......................
8,567
180,764
Fastly,
Inc.
,
Class
A
(a)
(b)
.................
103,610
2,616,670
Kyndryl
Holdings,
Inc.
(b)
.................
74,189
1,025,292
Rackspace
Technology,
Inc.
(a)
(b)
...........
293,783
428,923
Wix.com
Ltd.
(a)
(b)
.....................
84,913
6,342,152
14,264,955
Leisure
Products
—
0.9%
Acushnet
Holdings
Corp.
................
46,038
4,457,399
Brunswick
Corp.
.....................
27,739
2,203,864
Hasbro,
Inc.
........................
163,927
15,710,764
Latham
Group,
Inc.
(b)
..................
61,877
375,593
Mattel,
Inc.
(b)
........................
203,325
3,066,141
Peloton
Interactive,
Inc.
,
Class
A
(b)
.........
552,481
3,011,021
YETI
Holdings,
Inc.
(a)
(b)
.................
68,306
2,695,355
31,520,137
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Small-Cap
Equity
Factor
ETF
6
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Life
Sciences
Tools
&
Services
—
0.9%
Adaptive
Biotechnologies
Corp.
(a)
(b)
.........
151,563
$
2,137,038
Azenta,
Inc.
(a)
(b)
......................
14,851
364,889
Bio-Techne
Corp.
.....................
44,373
2,454,714
Bruker
Corp.
........................
26,503
972,925
Charles
River
Laboratories
International,
Inc.
(b)
.
15,505
2,588,870
Fortrea
Holdings,
Inc.
(b)
.................
212,892
2,448,258
ICON
plc
(a)
(b)
........................
15,250
1,804,533
Medpace
Holdings,
Inc.
(b)
...............
29,219
12,232,827
Mesa
Laboratories,
Inc.
................
9,154
915,400
Repligen
Corp.
(b)
.....................
15,582
1,843,506
Tempus
AI,
Inc.
,
Class
A
(a)
(b)
..............
73,489
4,077,170
31,840,130
Machinery
—
4.2%
AGCO
Corp.
........................
68,060
8,236,621
Allison
Transmission
Holdings,
Inc.
.........
100,391
13,487,531
Crane
Co.
..........................
67,207
11,944,700
Donaldson
Co.,
Inc.
...................
78,691
6,938,185
Enerpac
Tool
Group
Corp.
,
Class
A
.........
63,538
2,230,184
Esab
Corp.
.........................
46,100
4,530,247
Federal
Signal
Corp.
..................
38,179
4,700,980
Flowserve
Corp.
.....................
30,941
2,278,495
Gates
Industrial
Corp.
plc
(b)
..............
62,134
1,591,252
Graco,
Inc.
.........................
6,287
504,657
ITT,
Inc.
...........................
67,747
14,520,892
Kadant,
Inc.
........................
5,763
1,689,308
Lincoln
Electric
Holdings,
Inc.
............
8,437
2,235,805
Middleby
Corp.
(The)
(b)
.................
20,363
2,858,151
Mueller
Industries,
Inc.
.................
189,205
25,624,033
Mueller
Water
Products,
Inc.
,
Class
A
.......
219,648
6,125,983
Nordson
Corp.
.......................
18,186
5,245,752
SPX
Technologies,
Inc.
(b)
................
60,224
13,183,636
Symbotic,
Inc.
,
Class
A
(a)
(b)
...............
61,942
3,660,772
Tennant
Co.
........................
21,645
1,797,401
Terex
Corp.
.........................
116,375
7,238,525
Trinity
Industries,
Inc.
..................
51,316
1,673,415
Watts
Water
Technologies,
Inc.
,
Class
A
......
19,385
5,818,602
Worthington
Enterprises,
Inc.
.............
99,681
5,409,688
153,524,815
Marine
Transportation
—
0.3%
Matson,
Inc.
........................
35,365
6,168,717
ZIM
Integrated
Shipping
Services
Ltd.
.......
113,584
3,003,161
9,171,878
Media
—
1.2%
Advantage
Solutions,
Inc.
,
Class
A
(a)
(b)
.......
20,049
687,079
AMC
Global
Media,
Inc.
,
Class
A
(b)
.........
315,810
2,681,227
EchoStar
Corp.
,
Class
A
(a)
(b)
..............
75,780
9,331,549
John
Wiley
&
Sons,
Inc.
,
Class
A
..........
164,260
6,723,162
Liberty
Broadband
Corp.
,
Class
C,
NVS
(b)
....
10,221
393,406
Magnite,
Inc.
(b)
.......................
40,979
525,146
New
York
Times
Co.
(The)
,
Class
C
........
73,562
5,813,605
Nexstar
Media
Group,
Inc.
,
Class
A
.........
14,963
3,114,399
Paramount
Skydance
Corp.
,
Class
B,
NVS
(a)
..
321,839
3,295,631
Sinclair,
Inc.
,
Class
A
..................
25,195
391,782
Sirius
XM
Holdings,
Inc.
................
177,143
4,772,233
Trade
Desk,
Inc.
(The)
,
Class
A
(a)
(b)
.........
38,902
917,698
Versant
Media
Group,
Inc.
...............
133,524
5,366,330
44,013,247
Metals
&
Mining
—
2.2%
Alcoa
Corp.
.........................
127,336
8,122,763
Algoma
Steel
Group,
Inc.
...............
82,050
383,173
Alpha
Metallurgical
Resources,
Inc.
(b)
.......
18,933
3,530,058
Aura
Minerals,
Inc.
(a)
...................
31,604
2,679,071
Security
Shares
Shares
Value
Metals
&
Mining
(continued)
Coeur
Mining,
Inc.
(b)
...................
261,982
$
4,707,817
Commercial
Metals
Co.
.................
77,452
5,341,090
Hecla
Mining
Co.
.....................
413,500
7,451,270
Hycroft
Mining
Holding
Corp.
,
Class
A
(a)
(b)
.....
51,843
1,890,196
Kaiser
Aluminum
Corp.
.................
5,717
974,348
Lithium
Americas
Corp.
(a)
(b)
..............
76,881
440,528
Lithium
Argentina
AG
(a)
(b)
................
48,085
489,024
Materion
Corp.
......................
3,042
559,150
MP
Materials
Corp.
,
Class
A
(a)
(b)
...........
9,916
654,853
Nexa
Resources
SA
...................
153,985
2,326,713
Reliance,
Inc.
.......................
52,345
18,975,062
Royal
Gold,
Inc.
......................
61,383
14,325,565
Ryerson
Holding
Corp.
.................
39,874
1,104,909
Seabridge
Gold,
Inc.
(a)
(b)
................
23,905
668,145
USA
Rare
Earth,
Inc.
,
Class
A
(a)
(b)
..........
105,682
2,744,562
Warrior
Met
Coal,
Inc.
..................
14,033
1,260,865
Worthington
Steel,
Inc.
.................
73,173
2,812,038
81,441,200
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.8%
AGNC
Investment
Corp.
(a)
...............
559,869
6,169,756
BrightSpire
Capital,
Inc.
,
Class
A
..........
164,858
956,176
Franklin
BSP
Realty
Trust,
Inc.
............
37,824
344,198
Granite
Point
Mortgage
Trust,
Inc.
.........
328,027
492,041
Invesco
Mortgage
Capital,
Inc.
............
64,405
523,613
Ladder
Capital
Corp.
,
Class
A
............
253,299
2,603,914
MFA
Financial,
Inc.
....................
446,395
4,575,549
Rithm
Capital
Corp.
...................
304,548
2,978,480
Starwood
Property
Trust,
Inc.
.............
439,840
8,075,462
Two
Harbors
Investment
Corp.
............
65,165
753,959
27,473,148
Multi-Utilities
—
0.0%
Black
Hills
Corp.
.....................
5,698
429,002
Office
REITs
—
1.1%
Brandywine
Realty
Trust
................
1,029,991
3,120,873
BXP,
Inc.
..........................
31,462
1,839,268
COPT
Defense
Properties
...............
34,108
1,065,875
Cousins
Properties,
Inc.
................
89,065
2,280,955
Douglas
Emmett,
Inc.
..................
148,925
1,609,879
Highwoods
Properties,
Inc.
..............
186,452
4,532,648
Hudson
Pacific
Properties,
Inc.
(b)
..........
64,018
589,606
JBG
SMITH
Properties
.................
265,088
3,976,320
Kilroy
Realty
Corp.
....................
102,831
3,420,159
Piedmont
Realty
Trust,
Inc.
,
Class
A
(b)
.......
107,076
895,155
SL
Green
Realty
Corp.
.................
211,258
8,959,452
Vornado
Realty
Trust
..................
319,668
9,554,877
41,845,067
Oil,
Gas
&
Consumable
Fuels
—
3.4%
Antero
Midstream
Corp.
................
606,969
13,268,342
Antero
Resources
Corp.
(b)
...............
230,854
9,063,328
APA
Corp.
.........................
319,115
12,997,554
California
Resources
Corp.
..............
55,094
3,760,716
Centrus
Energy
Corp.
,
Class
A
(b)
...........
12,011
2,533,841
Chord
Energy
Corp.
...................
6,819
992,846
CNX
Resources
Corp.
(b)
................
156,806
6,101,321
Core
Natural
Resources,
Inc.
.............
8,442
757,585
CVR
Energy,
Inc.
(b)
....................
71,032
2,354,001
Delek
US
Holdings,
Inc.
................
112,108
5,223,112
Dorian
LPG
Ltd.
......................
47,890
1,846,160
DT
Midstream,
Inc.
....................
66,246
9,803,746
Expand
Energy
Corp.
..................
124,513
12,719,003
Gulfport
Energy
Corp.
(b)
................
7,653
1,473,509
HF
Sinclair
Corp.
.....................
14,863
998,942
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Small-Cap
Equity
Factor
ETF
7
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Oil,
Gas
&
Consumable
Fuels
(continued)
Kosmos
Energy
Ltd.
(a)
(b)
.................
343,319
$
1,057,423
Murphy
Oil
Corp.
.....................
190,011
7,934,859
Nordic
American
Tankers
Ltd.
............
125,798
701,953
Ovintiv,
Inc.
.........................
182,959
11,261,126
PBF
Energy,
Inc.
,
Class
A
...............
24,009
1,041,030
Peabody
Energy
Corp.
.................
78,956
2,104,967
Permian
Resources
Corp.
,
Class
A
.........
44,509
962,285
Range
Resources
Corp.
................
191,370
8,324,595
SFL
Corp.
Ltd.
,
Class
B
................
190,625
2,197,906
SM
Energy
Co.
......................
74,863
2,322,999
Teekay
Tankers
Ltd.
,
Class
A
.............
8,299
651,886
122,455,035
Paper
&
Forest
Products
—
0.2%
Louisiana-Pacific
Corp.
.................
74,504
5,378,444
Mercer
International,
Inc.
................
360,201
403,425
Sylvamo
Corp.
......................
7,636
326,286
6,108,155
Passenger
Airlines
—
0.2%
Copa
Holdings
SA
,
Class
A,
NVS
..........
9,453
1,093,523
Joby
Aviation,
Inc.
,
Class
A
(a)
(b)
............
222,453
2,044,343
SkyWest,
Inc.
(b)
......................
37,950
3,116,454
6,254,320
Personal
Care
Products
—
0.3%
BellRing
Brands,
Inc.
(b)
.................
26,664
474,619
Coty,
Inc.
,
Class
A
(b)
...................
249,552
613,898
elf
Beauty,
Inc.
(a)
(b)
....................
21,846
1,397,489
Herbalife
Ltd.
(b)
......................
184,110
3,056,226
Medifast,
Inc.
(a)
(b)
.....................
109,638
1,191,765
Nu
Skin
Enterprises,
Inc.
,
Class
A
..........
100,485
733,541
Olaplex
Holdings,
Inc.
(a)
(b)
...............
636,713
1,292,527
USANA
Health
Sciences,
Inc.
(b)
...........
20,996
399,974
9,160,039
Pharmaceuticals
—
1.7%
Amneal
Pharmaceuticals,
Inc.
,
Class
A
(b)
.....
323,817
4,167,525
Amphastar
Pharmaceuticals,
Inc.
(b)
.........
40,688
893,508
Amylyx
Pharmaceuticals,
Inc.
(b)
...........
78,403
1,254,448
Axsome
Therapeutics,
Inc.
(b)
.............
75,505
15,686,164
Corcept
Therapeutics,
Inc.
(b)
.............
74,429
3,462,437
Elanco
Animal
Health,
Inc.
(a)
(b)
............
226,985
5,077,654
Harrow,
Inc.
(a)
(b)
......................
30,352
1,230,167
Indivior
Pharmaceuticals,
Inc.
(a)
(b)
..........
82,297
3,026,884
Innoviva,
Inc.
(b)
......................
158,482
3,643,501
Ligand
Pharmaceuticals,
Inc.
(b)
............
25,498
5,850,516
Liquidia
Corp.
(b)
......................
106,290
4,167,631
Nuvation
Bio,
Inc.
,
Class
A
(b)
.............
72,101
320,849
Perrigo
Co.
plc
......................
179,070
2,120,189
Prestige
Consumer
Healthcare,
Inc.
(b)
.......
35,208
1,982,915
Supernus
Pharmaceuticals,
Inc.
(b)
..........
24,531
1,177,488
Tarsus
Pharmaceuticals,
Inc.
(b)
............
59,883
3,809,158
Terns
Pharmaceuticals,
Inc.
(b)
.............
38,442
2,034,735
Theravance
Biopharma,
Inc.
(a)
(b)
...........
47,153
789,341
Tilray
Brands,
Inc.
(a)
(b)
..................
80,752
503,892
61,199,002
Professional
Services
—
1.9%
Alight,
Inc.
,
Class
A
...................
5,276,740
4,365,975
Amentum
Holdings,
Inc.
(b)
...............
66,884
1,754,367
Booz
Allen
Hamilton
Holding
Corp.
,
Class
A
...
25,927
2,016,343
CACI
International,
Inc.
,
Class
A
(a)
(b)
........
4,924
2,558,215
Clarivate
plc
(a)
(b)
......................
171,177
491,278
Concentrix
Corp.
.....................
58,687
1,397,924
Conduent,
Inc.
(b)
.....................
518,994
887,480
CRA
International,
Inc.
.................
29,166
4,592,770
Security
Shares
Shares
Value
Professional
Services
(continued)
ExlService
Holdings,
Inc.
(b)
..............
118,943
$
3,791,903
Exponent,
Inc.
.......................
4,803
321,273
Fiverr
International
Ltd.
(a)
(b)
...............
92,793
1,080,111
FTI
Consulting,
Inc.
(a)
(b)
.................
6,078
1,089,785
Genpact
Ltd.
........................
16,226
563,854
Huron
Consulting
Group,
Inc.
(b)
............
74,408
9,722,521
ICF
International,
Inc.
..................
22,640
1,622,382
Innodata,
Inc.
(a)
(b)
.....................
49,095
2,073,282
Insperity,
Inc.
........................
49,136
1,747,768
KBR,
Inc.
..........................
47,939
1,797,233
Kforce,
Inc.
.........................
28,063
1,268,728
Korn
Ferry
.........................
8,022
532,982
Legalzoom.com,
Inc.
(b)
.................
374,307
2,414,280
ManpowerGroup,
Inc.
..................
20,122
609,093
Maximus,
Inc.
.......................
23,791
1,561,165
Paylocity
Holding
Corp.
(b)
...............
22,999
2,426,165
Planet
Labs
PBC
,
Class
A
(b)
..............
288,851
10,678,821
Robert
Half,
Inc.
.....................
75,326
2,004,425
UL
Solutions,
Inc.
,
Class
A
...............
25,811
2,335,637
Upwork,
Inc.
(a)
(b)
......................
218,761
2,264,176
Willdan
Group,
Inc.
(b)
..................
20,259
1,539,684
69,509,620
Real
Estate
Management
&
Development
—
0.3%
Compass,
Inc.
,
Class
A
(b)
................
255,973
1,937,715
Cushman
&
Wakefield
Ltd.
(b)
.............
6,946
97,522
eXp
World
Holdings,
Inc.
................
98,938
615,394
Kennedy-Wilson
Holdings,
Inc.
............
179,369
1,955,122
Opendoor
Technologies,
Inc.
,
Class
A
(a)
(b)
.....
414,523
2,230,134
St.
Joe
Co.
(The)
.....................
42,395
2,737,445
Zillow
Group,
Inc.
,
Class
A
(a)
(b)
............
65,742
2,932,751
12,506,083
Residential
REITs
—
0.2%
American
Homes
4
Rent
,
Class
A
..........
215,816
6,871,581
Retail
REITs
—
1.4%
Alexander's,
Inc.
.....................
15,144
3,815,682
Brixmor
Property
Group,
Inc.
.............
426,647
12,837,808
Federal
Realty
Investment
Trust
...........
16,711
1,853,250
Kimco
Realty
Corp.
...................
207,420
4,903,409
Kite
Realty
Group
Trust
.................
210,221
5,499,382
Macerich
Co.
(The)
...................
438,285
9,523,933
NNN
REIT,
Inc.
......................
77,627
3,399,286
Saul
Centers,
Inc.
....................
41,746
1,437,315
Tanger,
Inc.
.........................
222,024
8,232,650
51,502,715
Semiconductors
&
Semiconductor
Equipment
—
4.2%
Astera
Labs,
Inc.
(a)
(b)
...................
87,502
17,040,140
Axcelis
Technologies,
Inc.
(b)
..............
50,232
6,987,774
Cirrus
Logic,
Inc.
(b)
....................
62,238
10,149,773
Credo
Technology
Group
Holding
Ltd.
(b)
......
89,386
15,554,058
Enphase
Energy,
Inc.
(b)
.................
59,563
1,963,196
Entegris,
Inc.
........................
70,953
10,031,335
FormFactor,
Inc.
(b)
....................
5,228
710,642
Impinj,
Inc.
(b)
........................
28,454
4,123,554
Kulicke
&
Soffa
Industries,
Inc.
............
74,361
6,357,866
Lattice
Semiconductor
Corp.
(b)
............
54,762
6,696,297
MACOM
Technology
Solutions
Holdings,
Inc.
(b)
.
19,828
5,583,763
MKS,
Inc.
..........................
23,153
6,569,664
Onto
Innovation,
Inc.
(b)
.................
29,376
8,667,683
Penguin
Solutions,
Inc.
(b)
................
50,552
1,537,286
Qorvo,
Inc.
(b)
........................
64,277
6,056,179
Rambus,
Inc.
(b)
......................
134,249
15,453,402
Rigetti
Computing,
Inc.
(a)
(b)
...............
124,314
2,169,279
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Small-Cap
Equity
Factor
ETF
8
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Semiconductors
&
Semiconductor
Equipment
(continued)
Semtech
Corp.
(b)
.....................
70,815
$
7,439,116
Silicon
Laboratories,
Inc.
(b)
...............
9,897
2,154,577
SiTime
Corp.
(b)
.......................
2,590
1,455,969
Skyworks
Solutions,
Inc.
................
70,190
4,925,232
SolarEdge
Technologies,
Inc.
(b)
............
34,497
1,478,541
Synaptics,
Inc.
(a)
(b)
....................
35,817
3,352,113
Veeco
Instruments,
Inc.
(b)
...............
117,799
5,872,280
152,329,719
Software
—
5.2%
A10
Networks,
Inc.
....................
69,070
1,842,788
ACI
Worldwide,
Inc.
(b)
..................
21,277
919,592
Adeia,
Inc.
.........................
171,682
5,468,072
Amplitude,
Inc.
,
Class
A
(b)
...............
227,156
1,615,079
Appfolio,
Inc.
,
Class
A
(b)
................
8,874
1,482,757
Appian
Corp.
,
Class
A
(b)
................
125,149
2,601,848
Asana,
Inc.
,
Class
A
(b)
..................
103,745
655,668
Aurora
Innovation,
Inc.
,
Class
A
(a)
(b)
.........
338,792
1,992,097
Bentley
Systems,
Inc.
,
Class
B
............
73,597
2,400,734
Blackbaud,
Inc.
(b)
.....................
65,327
2,428,205
BlackLine,
Inc.
(b)
.....................
81,125
2,535,156
Box,
Inc.
,
Class
A
(b)
...................
78,884
1,908,993
Braze,
Inc.
,
Class
A
(b)
..................
77,791
1,713,736
Cellebrite
DI
Ltd.
(a)
(b)
...................
206,764
2,687,932
Cerence,
Inc.
(a)
(b)
.....................
261,630
2,380,833
Cipher
Digital,
Inc.
(a)
(b)
..................
114,957
2,039,337
Clear
Secure,
Inc.
,
Class
A
..............
226,563
12,096,198
Cognyte
Software
Ltd.
(b)
................
328,087
3,061,052
Commvault
Systems,
Inc.
(b)
..............
39,333
3,889,247
Core
Scientific,
Inc.
(b)
..................
97,999
1,959,980
CyberArk
Software,
Inc.
(b)
...............
16,080
723,600
DocuSign,
Inc.
,
Class
A
(b)
...............
106,139
4,881,333
D-Wave
Quantum,
Inc.
(a)
(b)
...............
161,950
3,284,346
Elastic
NV
(b)
........................
95,834
4,449,573
Five9,
Inc.
(b)
........................
20,343
349,900
Gitlab,
Inc.
,
Class
A
(b)
..................
201,076
4,451,823
Guidewire
Software,
Inc.
(b)
...............
26,001
3,598,278
Intapp,
Inc.
(b)
........................
120,889
2,713,958
InterDigital,
Inc.
......................
19,904
5,902,730
JFrog
Ltd.
(b)
.........................
123,788
5,748,715
Klaviyo,
Inc.
,
Class
A
(a)
(b)
................
149,798
3,009,442
Life360,
Inc.
(a)
(b)
......................
57,084
2,459,749
Manhattan
Associates,
Inc.
(b)
.............
50,830
7,008,949
Monday.com
Ltd.
(a)
(b)
...................
62,957
4,146,977
Nutanix,
Inc.
,
Class
A
(b)
.................
245,601
10,042,625
OneSpan,
Inc.
.......................
218,560
2,530,925
PagerDuty,
Inc.
(b)
.....................
137,357
913,424
Pegasystems,
Inc.
(a)
...................
72,281
2,641,870
Porch
Group,
Inc.
(a)
(b)
..................
69,262
666,993
Procore
Technologies,
Inc.
(b)
.............
193,779
10,964,016
Progress
Software
Corp.
(b)
...............
86,354
2,404,959
Q2
Holdings,
Inc.
(b)
....................
22,056
1,119,342
Qualys,
Inc.
(b)
.......................
29,413
2,556,872
RADCOM
Ltd.
(a)
(b)
.....................
86,326
1,377,763
RingCentral,
Inc.
,
Class
A
...............
166,858
6,711,029
Rubrik,
Inc.
,
Class
A
(a)
(b)
.................
100,441
5,341,452
Samsara,
Inc.
,
Class
A
(a)
(b)
...............
264,116
7,590,694
SentinelOne,
Inc.
,
Class
A
(b)
..............
76,790
1,087,346
ServiceTitan,
Inc.
,
Class
A
(a)
(b)
............
65,414
3,889,516
SimilarWeb
Ltd.
(a)
(b)
....................
125,723
353,282
SoundHound
AI,
Inc.
,
Class
A
(a)
(b)
..........
101,767
810,065
Sprout
Social,
Inc.
,
Class
A
(b)
.............
72,496
434,976
Tenable
Holdings,
Inc.
(b)
................
16,336
341,259
UiPath,
Inc.
,
Class
A
(a)
(b)
................
373,455
3,846,586
Unity
Software,
Inc.
(b)
..................
219,209
5,791,502
Security
Shares
Shares
Value
Software
(continued)
Varonis
Systems,
Inc.
,
Class
B
(b)
...........
65,960
$
1,734,748
Workiva,
Inc.
,
Class
A
(b)
.................
102,487
5,481,005
Yext,
Inc.
(a)
(b)
........................
256,633
990,603
188,031,529
Specialized
REITs
—
0.8%
CubeSmart
.........................
76,490
3,096,315
EPR
Properties
......................
51,575
2,878,401
Fermi,
Inc.
(b)
........................
67,960
348,635
Gaming
&
Leisure
Properties,
Inc.
.........
122,941
5,957,721
Lamar
Advertising
Co.
,
Class
A
...........
81,705
11,262,217
Millrose
Properties,
Inc.
,
Class
A
...........
73,990
2,269,273
Outfront
Media,
Inc.
...................
67,303
2,076,298
Rayonier,
Inc.
.......................
67,033
1,421,770
29,310,630
Specialty
Retail
—
2.8%
Abercrombie
&
Fitch
Co.
,
Class
A
(a)
(b)
........
79,255
6,764,414
Academy
Sports
&
Outdoors,
Inc.
..........
9,172
502,992
American
Eagle
Outfitters,
Inc.
............
173,987
3,030,854
Asbury
Automotive
Group,
Inc.
(a)
(b)
..........
3,223
656,493
AutoNation,
Inc.
(b)
.....................
8,271
1,756,595
Bath
&
Body
Works,
Inc.
................
210,981
4,101,471
Buckle,
Inc.
(The)
....................
31,876
1,772,624
Caleres,
Inc.
........................
84,814
1,111,063
Chewy,
Inc.
,
Class
A
(b)
.................
40,933
1,040,517
Designer
Brands,
Inc.
,
Class
A
............
260,769
1,955,767
Dick's
Sporting
Goods,
Inc.
..............
62,080
14,087,194
GameStop
Corp.
,
Class
A
(a)
(b)
.............
207,193
5,169,465
Gap,
Inc.
(The)
......................
467,186
11,488,104
Genesco,
Inc.
(a)
(b)
.....................
87,312
3,098,703
Group
1
Automotive,
Inc.
................
11,219
4,003,725
RealReal,
Inc.
(The)
(b)
..................
239,876
2,852,126
Signet
Jewelers
Ltd.
...................
87,774
7,814,519
Stitch
Fix,
Inc.
,
Class
A
(b)
................
114,815
417,927
Upbound
Group,
Inc.
..................
95,149
1,880,144
Urban
Outfitters,
Inc.
(b)
.................
21,190
1,490,505
Victoria's
Secret
&
Co.
(b)
................
7,088
367,371
Warby
Parker,
Inc.
,
Class
A
(b)
.............
25,429
562,489
Wayfair,
Inc.
,
Class
A
(b)
.................
98,242
6,280,611
Williams-Sonoma,
Inc.
.................
100,220
18,160,866
100,366,539
Technology
Hardware,
Storage
&
Peripherals
—
0.7%
Everpure,
Inc.
,
Class
A
(b)
................
193,512
13,826,432
IonQ,
Inc.
(a)
(b)
........................
137,482
6,203,188
Quantum
Computing,
Inc.
(a)
(b)
.............
253,465
2,286,254
Xerox
Holdings
Corp.
..................
1,197,606
2,694,614
25,010,488
Textiles,
Apparel
&
Luxury
Goods
—
1.9%
Capri
Holdings
Ltd.
(b)
..................
26,761
522,107
Crocs,
Inc.
(b)
........................
50,820
5,182,624
Deckers
Outdoor
Corp.
(b)
................
115,946
11,849,681
Kontoor
Brands,
Inc.
...................
7,970
584,679
On
Holding
AG
,
Class
A
(b)
...............
92,127
3,280,643
Oxford
Industries,
Inc.
.................
23,762
1,017,964
PVH
Corp.
.........................
53,007
4,846,960
Ralph
Lauren
Corp.
,
Class
A
.............
33,195
11,905,055
Tapestry,
Inc.
........................
166,986
24,219,649
Under
Armour,
Inc.
,
Class
C,
NVS
(a)
(b)
.......
344,901
2,093,549
VF
Corp.
..........................
142,792
2,703,053
68,205,964
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Small-Cap
Equity
Factor
ETF
9
(Percentages
shown
are
based
on
Net
Assets)
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:
Security
Shares
Shares
Value
Tobacco
—
0.1%
Turning
Point
Brands,
Inc.
...............
22,698
$
1,831,275
Universal
Corp.
......................
39,137
2,096,960
3,928,235
Trading
Companies
&
Distributors
—
1.6%
Applied
Industrial
Technologies,
Inc.
........
15,080
4,610,710
Boise
Cascade
Co.
...................
17,283
1,370,023
Core
&
Main,
Inc.
,
Class
A
(b)
..............
282,426
14,225,798
DNOW,
Inc.
(b)
.......................
121,699
1,641,719
DXP
Enterprises,
Inc.
(b)
.................
4,689
800,647
EquipmentShare.com,
Inc.
,
Class
A
(b)
.......
92,459
1,941,177
GATX
Corp.
........................
31,661
6,203,023
MSC
Industrial
Direct
Co.,
Inc.
,
Class
A
......
5,874
600,734
NPK
International,
Inc.
(b)
................
72,713
1,188,858
QXO,
Inc.
(a)
(b)
........................
185,548
3,723,948
Rush
Enterprises,
Inc.
,
Class
A
...........
31,659
2,343,716
SiteOne
Landscape
Supply,
Inc.
(b)
..........
8,190
1,032,349
Watsco,
Inc.
........................
19,427
8,505,918
WESCO
International,
Inc.
...............
25,521
8,909,891
Xometry,
Inc.
,
Class
A
(a)
(b)
...............
31,625
1,621,414
58,719,925
Water
Utilities
—
0.1%
American
States
Water
Co.
..............
46,436
3,496,166
Wireless
Telecommunication
Services
—
0.0%
Telephone
&
Data
Systems,
Inc.
...........
9,155
412,524
Total
Common
Stocks
—
99
.2
%
(Cost:
$
3,125,934,144
)
............................
3,611,047,057
Security
Shares
Shares
Value
Rights
Biotechnology
—
0.0%
(b)
Akero
Therapeutics,
Inc.,
CVR
(a)
(c)
.........
21,375
$
14,108
Arcellx,
Inc.,
CVR
....................
76,476
5,353
19,461
Total
Rights
—
0.0
%
(Cost:
$
13,894
)
.................................
19,461
Total
Long-Term
Investments
—
99.2%
(Cost:
$
3,125,948,038
)
............................
3,611,066,518
Short-Term
Securities
Money
Market
Funds
—
9.1%
(d)(e)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
3.83
%
(f)
...................
294,941,781
295,030,264
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
3.61
%
....................
34,489,061
34,489,061
Total
Short-Term
Securities
—
9
.1
%
(Cost:
$
329,498,834
)
..............................
329,519,325
Total
Investments
—
108
.3
%
(Cost:
$
3,455,446,872
)
............................
3,940,585,843
Liabilities
in
Excess
of
Other
Assets
—
(
8.3
)
%
.............
(
300,619,536
)
Net
Assets
—
100.0%
...............................
$
3,639,966,307
(a)
All
or
a
portion
of
this
security
is
on
loan.
(b)
Non-income
producing
security.
(c)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(d)
Affiliate
of
the
Fund.
(e)
Annualized
7-day
yield
as
of
period
end.
(f)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
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
..............
$
145,862,055
$
149,202,343
(a)
$
—
$
(
32,110
)
$
(
2,024
)
$
295,030,264
294,941,781
$
947,539
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
11,038,907
23,450,154
(a)
—
—
—
34,489,061
34,489,061
603,775
—
$
(
32,110
)
$
(
2,024
)
$
329,519,325
$
1,551,314
$
—
—
—
(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.
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Small-Cap
Equity
Factor
ETF
10
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
Russell
2000
Micro
E-Mini
Index
................................................
180
06/18/26
$
2,527
$
54,351
S&P
Midcap
400
E-Mini
Index
.................................................
4
06/18/26
1,460
23,761
$
78,112
Equity
Swap
Contracts
Reference
Entity
Counterparty
Notional
Amount
Termination
Date
Spread
Reference
Rate
Payment
Frequency
Value/Unrealized
Appreciation
(Depreciation)
Long
contracts
(a)
Array
Technologies,
Inc.
......
BNP
Paribas
SA
USD
70,066‌
08/13/27
0.20%
1D
OBFR01
Monthly
$
468‌
Axis
Capital
Holdings
Ltd.
.....
Goldman
Sachs
Bank
USA
178,511‌
08/18/26
0.40%
1D
FEDL01
Monthly
(
585‌
)
Bank
of
Hawaii
Corp.
........
HSBC
Bank
plc
586,031‌
02/09/28
0.40%
1D
OBFR01
Monthly
9,737‌
Bank
OZK
...............
BNP
Paribas
SA
110,507‌
08/13/27
0.20%
1D
OBFR01
Monthly
646‌
BankUnited,
Inc.
...........
Goldman
Sachs
Bank
USA
1,355,805‌
08/18/26
0.40%
1D
FEDL01
Monthly
(
25,966‌
)
Bread
Financial
Holdings,
Inc.
..
Goldman
Sachs
Bank
USA
400,697‌
08/18/26
0.40%
1D
FEDL01
Monthly
7,688‌
Bread
Financial
Holdings,
Inc.
..
JPMorgan
Chase
Bank
NA
64,870‌
02/09/27
0.40%
1D
OBFR01
Monthly
4,565‌
Bread
Financial
Holdings,
Inc.
..
HSBC
Bank
plc
481,889‌
02/09/28
0.40%
1D
OBFR01
Monthly
37,559‌
Customers
Bancorp,
Inc.
......
BNP
Paribas
SA
35,871‌
08/13/27
0.20%
1D
OBFR01
Monthly
(
406‌
)
CVB
Financial
Corp.
.........
BNP
Paribas
SA
36,497‌
08/13/27
0.20%
1D
OBFR01
Monthly
(
218‌
)
Douglas
Emmett,
Inc.
........
Goldman
Sachs
Bank
USA
395,170‌
08/19/26
0.40%
1D
FEDL01
Monthly
25,696‌
Douglas
Emmett,
Inc.
........
JPMorgan
Chase
Bank
NA
58,387‌
02/09/27
0.40%
1D
OBFR01
Monthly
7,359‌
First
Bancorp
.............
HSBC
Bank
plc
3,412‌
02/09/28
0.40%
1D
OBFR01
Monthly
108‌
Genworth
Financial,
Inc.
......
BNP
Paribas
SA
581,228‌
08/13/27
0.20%
1D
OBFR01
Monthly
8,045‌
Jackson
Financial,
Inc.
.......
Goldman
Sachs
Bank
USA
1,988,887‌
08/18/26
0.40%
1D
FEDL01
Monthly
153,205‌
Jackson
Financial,
Inc.
.......
JPMorgan
Chase
Bank
NA
3,527,671‌
02/09/27
0.40%
1D
OBFR01
Monthly
260,323‌
Jackson
Financial,
Inc.
.......
HSBC
Bank
plc
3,977,730‌
02/09/28
0.40%
1D
OBFR01
Monthly
297,656‌
OFG
Bancorp
.............
Goldman
Sachs
Bank
USA
177,178‌
08/18/26
0.40%
1D
FEDL01
Monthly
8,639‌
Pathward
Financial,
Inc.
......
BNP
Paribas
SA
80,583‌
08/13/27
0.20%
1D
OBFR01
Monthly
(
1,124‌
)
Perdoceo
Education
Corp.
.....
BNP
Paribas
SA
329,624‌
08/13/27
0.20%
1D
OBFR01
Monthly
(
7,194‌
)
Pitney
Bowes,
Inc.
..........
Goldman
Sachs
Bank
USA
153,525‌
08/18/26
0.40%
1D
FEDL01
Monthly
46,264‌
Pitney
Bowes,
Inc.
..........
JPMorgan
Chase
Bank
NA
1,617,854‌
02/09/27
0.40%
1D
OBFR01
Monthly
648,291‌
Pitney
Bowes,
Inc.
..........
HSBC
Bank
plc
293,166‌
02/09/28
0.40%
1D
OBFR01
Monthly
117,745‌
Preferred
Bank
............
Goldman
Sachs
Bank
USA
2,708,848‌
08/19/26
0.40%
1D
FEDL01
Monthly
10,376‌
Preferred
Bank
............
HSBC
Bank
plc
2,822,240‌
02/09/28
0.40%
1D
OBFR01
Monthly
58,973‌
SLM
Corp.
...............
JPMorgan
Chase
Bank
NA
211,907‌
02/09/27
0.40%
1D
OBFR01
Monthly
(
2,687‌
)
StepStone
Group,
Inc.
.......
BNP
Paribas
SA
37,606‌
08/13/27
0.20%
1D
OBFR01
Monthly
(
1,157‌
)
WaFd,
Inc.
...............
BNP
Paribas
SA
278,777‌
08/13/27
0.20%
1D
OBFR01
Monthly
15,893‌
Western
Union
Co.
(The)
.....
JPMorgan
Chase
Bank
NA
522,644‌
02/09/27
0.40%
1D
OBFR01
Monthly
12,012‌
Western
Union
Co.
(The)
.....
HSBC
Bank
plc
287,960‌
02/09/28
0.40%
1D
OBFR01
Monthly
5,883‌
Total
long
positions
of
equity
swaps
1,697,794‌
Net
dividends
and
financing
fees
89,963‌
Total
equity
swap
contracts
including
dividends
and
financing
fees
$
1,787,757‌
(a)
The
Fund
receives
the
total
return
on
a
reference
entity
and
pays
a
variable
rate
of
interest,
based
on
a
specified
benchmark.
The
benchmark
and
spread
are
determined
based
upon
the
country
and/or
currency
of
the
individual
underlying
position.
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Small-Cap
Equity
Factor
ETF
11
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
.........................................
$
3,610,323,457
$
723,600
$
—
$
3,611,047,057
Rights
................................................
—
5,353
14,108
19,461
Short-Term
Securities
Money
Market
Funds
......................................
329,519,325
—
—
329,519,325
$
3,939,842,782
$
728,953
$
14,108
$
3,940,585,843
Derivative
Financial
Instruments
(a)
Assets
Equity
contracts
...........................................
$
78,112
$
1,827,094
$
—
$
1,905,206
Liabilities
Equity
contracts
...........................................
—
(
39,337
)
—
(
39,337
)
$
78,112
$
1,787,757
$
—
$
1,865,869
(a)
Derivative
financial
instruments
are
swaps
and
futures
contracts.
Swaps
and
futures
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Currency
Abbreviation
USD
United
States
Dollar
Portfolio
Abbreviation
CVR
Contingent
Value
Rights
FEDL01
USD
-
1D
Overnight
Fed
Funds
Effective
Rate
NVS
Non-Voting
Shares
OBFR01
USD
-
1D
Overnight
Bank
Funding
Rate
REIT
Real
Estate
Investment
Trust