Schedule
of
Investments
(unaudited)
April
30,
2026
iShares
®
U.S.
Tech
Breakthrough
Multisector
ETF
1
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Biotechnology
—
5.9%
Arcus
Biosciences,
Inc.
(a)
................
7,362
$
187,731‌
Caris
Life
Sciences,
Inc.
(a)
...............
11,490
218,310‌
Corvus
Pharmaceuticals,
Inc.
(a)(b)
..........
5,629
85,505‌
CytomX
Therapeutics,
Inc.
(a)
.............
12,567
53,033‌
Exelixis,
Inc.
(a)
.......................
25,722
1,143,600‌
Ideaya
Biosciences,
Inc.
(a)
...............
8,235
239,638‌
ImmunityBio,
Inc.
(a)(b)
...................
32,936
233,846‌
Incyte
Corp.
(a)
.......................
19,192
1,828,422‌
Intellia
Therapeutics,
Inc.
(a)
..............
10,802
145,611‌
Iovance
Biotherapeutics,
Inc.
(a)(b)
...........
32,729
109,969‌
Janux
Therapeutics,
Inc.
(a)
...............
5,288
75,989‌
Kura
Oncology,
Inc.
(a)
..................
8,293
73,227‌
Moderna,
Inc.
(a)
......................
35,423
1,627,333‌
Novavax,
Inc.
(a)(b)
.....................
14,576
115,515‌
Regeneron
Pharmaceuticals,
Inc.
..........
10,006
7,074,842‌
Revolution
Medicines,
Inc.
(a)
..............
16,346
2,355,786‌
Rigel
Pharmaceuticals,
Inc.
(a)
.............
1,737
50,199‌
Twist
Bioscience
Corp.
(a)
................
5,811
339,653‌
Verastem,
Inc.
(a)
......................
6,408
34,988‌
Vertex
Pharmaceuticals,
Inc.
(a)
............
25,025
10,695,184‌
Vir
Biotechnology,
Inc.
(a)
................
9,234
94,325‌
Xencor,
Inc.
(a)
.......................
6,593
78,654‌
26,861,360‌
Broadline
Retail
—
6.1%
Amazon.com,
Inc.
(a)
...................
77,144
20,447,789‌
Coupang,
Inc.
,
Class
A
(a)
................
58,166
1,162,157‌
eBay,
Inc.
..........................
19,580
2,026,138‌
Etsy,
Inc.
(a)
.........................
4,274
274,989‌
MercadoLibre,
Inc.
(a)
...................
2,037
3,651,587‌
27,562,660‌
Capital
Markets
—
0.4%
Coinbase
Global,
Inc.
,
Class
A
(a)
...........
5,687
1,067,848‌
Donnelley
Financial
Solutions,
Inc.
(a)
........
672
33,801‌
MarketAxess
Holdings,
Inc.
..............
840
132,040‌
Tradeweb
Markets,
Inc.
,
Class
A
...........
3,015
341,449‌
Virtu
Financial,
Inc.
,
Class
A
..............
2,059
102,250‌
1,677,388‌
Communications
Equipment
—
0.1%
Calix,
Inc.
(a)
.........................
6,318
275,212‌
Consumer
Finance
—
0.2%
Atlanticus
Holdings
Corp.
(a)
..............
241
19,138‌
Enova
International,
Inc.
(a)
...............
599
101,476‌
Green
Dot
Corp.
,
Class
A
(a)
..............
1,251
15,700‌
LendingTree,
Inc.
(a)
....................
480
23,803‌
Nelnet,
Inc.
,
Class
A
...................
418
59,231‌
OneMain
Holdings,
Inc.
.................
2,998
176,192‌
SoFi
Technologies,
Inc.
(a)
................
30,756
495,172‌
Upstart
Holdings,
Inc.
(a)(b)
................
2,169
68,497‌
World
Acceptance
Corp.
(a)
...............
112
16,482‌
975,691‌
Diversified
Telecommunication
Services
—
0.0%
IDT
Corp.
,
Class
B
....................
568
28,485‌
Electrical
Equipment
—
0.6%
Allient,
Inc.
.........................
730
55,611‌
AMETEK,
Inc.
.......................
11,726
2,761,473‌
2,817,084‌
Electronic
Equipment,
Instruments
&
Components
—
0.1%
Cognex
Corp.
.......................
8,570
475,721‌
Security
Shares
Shares
Value
Energy
Equipment
&
Services
—
0.8%
Baker
Hughes
Co.
,
Class
A
..............
50,406
$
3,511,786‌
Entertainment
—
3.7%
Netflix,
Inc.
(a)
........................
176,644
16,535,645‌
Financial
Services
—
6.9%
Affirm
Holdings,
Inc.
,
Class
A
(a)
............
7,142
459,088‌
Block,
Inc.
,
Class
A
(a)
..................
13,696
965,705‌
Cantaloupe,
Inc.
(a)
....................
1,960
21,403‌
Chime
Financial,
Inc.
,
Class
A
(a)(b)
..........
4,763
104,119‌
Corpay,
Inc.
(a)
.......................
1,745
534,790‌
Euronet
Worldwide,
Inc.
(a)
...............
1,003
72,597‌
Fidelity
National
Information
Services,
Inc.
....
13,333
620,385‌
Fiserv,
Inc.
(a)
........................
13,742
860,936‌
Flywire
Corp.
(a)
......................
2,899
39,166‌
Global
Payments,
Inc.
.................
6,066
436,509‌
Jack
Henry
&
Associates,
Inc.
............
1,876
288,435‌
Marqeta,
Inc.
,
Class
A
(a)
................
9,443
40,983‌
Mastercard,
Inc.
,
Class
A
................
21,146
10,634,746‌
Paymentus
Holdings,
Inc.
,
Class
A
(a)
........
1,296
36,353‌
Payoneer
Global,
Inc.
(a)
.................
6,434
32,041‌
PayPal
Holdings,
Inc.
..................
24,138
1,210,279‌
Shift4
Payments,
Inc.
,
Class
A
(a)(b)
..........
1,682
74,479‌
Toast,
Inc.
,
Class
A
(a)
..................
12,294
350,625‌
Visa,
Inc.
,
Class
A
....................
43,453
14,332,538‌
WEX,
Inc.
(a)
.........................
870
130,787‌
31,245,964‌
Health
Care
Equipment
&
Supplies
—
1.8%
Intuitive
Surgical,
Inc.
(a)
.................
18,018
8,245,217‌
Hotels,
Restaurants
&
Leisure
—
0.0%
Navan,
Inc.
,
Class
A
(a)(b)
.................
2,231
39,020‌
Interactive
Media
&
Services
—
8.7%
Alphabet,
Inc.
,
Class
A
.................
55,115
21,208,252‌
fuboTV,
Inc.
,
Class
A
(a)(b)
................
1,427
17,581‌
Meta
Platforms,
Inc.
,
Class
A
.............
26,294
16,089,561‌
Pinterest,
Inc.
,
Class
A
(a)
................
30,210
593,929‌
Reddit,
Inc.
,
Class
A
(a)
..................
6,818
1,003,814‌
Rumble,
Inc.
,
Class
A
(a)(b)
................
5,544
41,746‌
Snap,
Inc.
,
Class
A,
NVS
(a)
..............
57,427
348,582‌
Trump
Media
&
Technology
Group
Corp.
(a)(b)
...
8,166
74,719‌
39,378,184‌
IT
Services
—
4.1%
Akamai
Technologies,
Inc.
(a)
..............
14,704
1,514,218‌
CoreWeave,
Inc.
,
Class
A
(a)
..............
13,908
1,552,133‌
DigitalOcean
Holdings,
Inc.
(a)
.............
2,895
279,165‌
Fastly,
Inc.
,
Class
A
(a)
..................
5,904
149,106‌
GoDaddy,
Inc.
,
Class
A
(a)
................
6,857
595,119‌
International
Business
Machines
Corp.
......
40,592
9,375,940‌
MongoDB,
Inc.
,
Class
A
(a)
...............
3,422
858,340‌
Okta,
Inc.
,
Class
A
(a)
...................
17,587
1,295,283‌
Snowflake,
Inc.
,
Class
A
(a)
...............
14,220
1,940,603‌
Twilio,
Inc.
,
Class
A
(a)
..................
6,286
930,705‌
18,490,612‌
Leisure
Products
—
0.0%
Peloton
Interactive,
Inc.
,
Class
A
(a)
.........
19,878
108,335‌
Life
Sciences
Tools
&
Services
—
0.0%
(a)
OmniAb,
Inc.,
12.50
Earnout
Shares
(c)
.......
934
—‌
OmniAb,
Inc.,
15.00
Earnout
Shares
(c)
.......
934
—‌
Pacific
Biosciences
of
California,
Inc.
.......
26,619
42,324‌
Personalis,
Inc.
......................
5,216
28,793‌
71,117‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Tech
Breakthrough
Multisector
ETF
2
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Machinery
—
0.0%
(a)
Proto
Labs,
Inc.
......................
1,187
$
76,930‌
Richtech
Robotics,
Inc.
,
Class
B
(b)
..........
7,826
19,252‌
Symbotic,
Inc.
,
Class
A
.................
2,443
144,381‌
240,563‌
Media
—
0.2%
Paramount
Skydance
Corp.
,
Class
B,
NVS
(b)
..
43,387
444,283‌
Sirius
XM
Holdings,
Inc.
................
16,953
456,714‌
900,997‌
Pharmaceuticals
—
4.3%
Merck
&
Co.,
Inc.
.....................
177,565
19,386,547‌
Nuvation
Bio,
Inc.
,
Class
A
(a)
.............
23,510
104,619‌
19,491,166‌
Professional
Services
—
0.8%
Booz
Allen
Hamilton
Holding
Corp.
,
Class
A
...
12,494
971,658‌
Broadridge
Financial
Solutions,
Inc.
........
2,999
461,786‌
CACI
International,
Inc.
,
Class
A
(a)(b)
........
2,279
1,184,032‌
Science
Applications
International
Corp.
.....
4,779
462,464‌
SS&C
Technologies
Holdings,
Inc.
.........
5,467
378,863‌
3,458,803‌
Semiconductors
&
Semiconductor
Equipment
—
23.3%
Advanced
Micro
Devices,
Inc.
(a)
...........
81,235
28,796,995‌
Analog
Devices,
Inc.
...................
24,966
10,042,823‌
CEVA,
Inc.
(a)
........................
1,319
40,282‌
Intel
Corp.
(a)
........................
217,080
20,509,718‌
Lattice
Semiconductor
Corp.
(a)
............
6,901
843,854‌
Microchip
Technology,
Inc.
...............
27,031
2,511,450‌
NVIDIA
Corp.
.......................
97,071
19,372,460‌
QUALCOMM,
Inc.
....................
54,725
9,827,516‌
Silicon
Laboratories,
Inc.
(a)
...............
1,654
360,076‌
Texas
Instruments,
Inc.
.................
46,394
13,040,426‌
105,345,600‌
Software
—
22.6%
A10
Networks,
Inc.
....................
7,183
191,642‌
ACI
Worldwide,
Inc.
(a)
..................
2,600
112,372‌
Adobe,
Inc.
(a)
........................
21,329
5,249,067‌
Alarm.com
Holdings,
Inc.
(a)
..............
4,886
216,987‌
Alkami
Technology,
Inc.
(a)
...............
1,707
26,936‌
Appian
Corp.
,
Class
A
(a)
................
1,653
34,366‌
Atlassian
Corp.
,
Class
A
(a)
...............
7,208
494,397‌
Autodesk,
Inc.
(a)
......................
10,809
2,561,733‌
AvePoint,
Inc.
,
Class
A
(a)
................
5,995
58,451‌
Bentley
Systems,
Inc.
,
Class
B
............
6,096
198,852‌
BILL
Holdings,
Inc.
(a)
...................
2,274
86,412‌
BlackLine,
Inc.
(a)
.....................
1,235
38,594‌
Blend
Labs,
Inc.
,
Class
A
(a)
..............
4,965
7,249‌
C3.ai,
Inc.
,
Class
A
(a)(b)
.................
5,441
48,044‌
CCC
Intelligent
Solutions
Holdings,
Inc.
(a)
.....
15,463
81,026‌
Circle
Internet
Group,
Inc.
,
Class
A
(a)
........
3,481
316,353‌
Clear
Secure,
Inc.
,
Class
A
..............
9,286
495,780‌
Clearwater
Analytics
Holdings,
Inc.
,
Class
A
(a)
..
7,089
171,554‌
Commvault
Systems,
Inc.
(a)
..............
1,878
185,697‌
Crowdstrike
Holdings,
Inc.
,
Class
A
(a)
........
25,428
11,334,531‌
Dropbox,
Inc.
,
Class
A
(a)(b)
...............
7,024
170,613‌
Fortinet,
Inc.
(a)
.......................
64,504
5,438,332‌
Freshworks,
Inc.
,
Class
A
(a)
..............
8,387
68,438‌
Gitlab,
Inc.
,
Class
A
(a)
..................
6,083
134,678‌
Guidewire
Software,
Inc.
(a)
...............
2,190
303,074‌
HubSpot,
Inc.
(a)
......................
2,192
486,098‌
Intapp,
Inc.
(a)
........................
1,892
42,475‌
Intuit,
Inc.
..........................
7,013
2,724,550‌
Life360,
Inc.
(a)
.......................
3,666
157,968‌
Microsoft
Corp.
......................
36,648
14,944,321‌
Security
Shares
Shares
Value
Software
(continued)
N-able,
Inc.
(a)
........................
2,894
$
14,991‌
nCino,
Inc.
(a)
........................
2,813
49,171‌
NCR
Voyix
Corp.
(a)
....................
3,523
24,273‌
Netskope,
Inc.
,
Class
A
(a)(b)
..............
5,508
54,860‌
Nutanix,
Inc.
,
Class
A
(a)
.................
11,502
470,317‌
Oracle
Corp.
........................
73,271
11,825,207‌
Palantir
Technologies,
Inc.
,
Class
A
(a)
.......
97,418
13,551,818‌
Palo
Alto
Networks,
Inc.
(a)
...............
72,068
12,923,234‌
Pegasystems,
Inc.
....................
3,950
144,372‌
Progress
Software
Corp.
(a)
...............
1,816
50,576‌
Q2
Holdings,
Inc.
(a)
....................
1,536
77,952‌
Qualys,
Inc.
(a)
.......................
3,700
321,641‌
Rapid7,
Inc.
(a)
.......................
6,487
38,273‌
Red
Violet,
Inc.
(a)
.....................
491
18,378‌
Rubrik,
Inc.
,
Class
A
(a)
..................
5,571
296,266‌
SailPoint,
Inc.
(a)
......................
5,637
64,375‌
Salesforce,
Inc.
......................
40,296
7,113,453‌
SentinelOne,
Inc.
,
Class
A
(a)
..............
31,562
446,918‌
ServiceNow,
Inc.
(a)
....................
44,915
3,966,444‌
ServiceTitan,
Inc.
,
Class
A
(a)
..............
2,096
124,628‌
Sprinklr,
Inc.
,
Class
A
(a)
.................
4,734
23,291‌
Strategy,
Inc.
,
Class
A
(a)
................
11,607
1,920,378‌
Tenable
Holdings,
Inc.
(a)
................
12,344
257,866‌
Teradata
Corp.
(a)
.....................
3,933
103,635‌
Varonis
Systems,
Inc.
,
Class
B
(a)
...........
11,844
311,497‌
Vertex,
Inc.
,
Class
A
(a)
..................
1,862
23,033‌
Workiva,
Inc.
,
Class
A
(a)
.................
1,279
68,401‌
Zscaler,
Inc.
(a)
.......................
10,684
1,396,185‌
102,062,023‌
Specialized
REITs
—
2.0%
Digital
Realty
Trust,
Inc.
................
14,907
2,995,413‌
Equinix,
Inc.
........................
4,245
4,596,613‌
Iron
Mountain,
Inc.
....................
12,762
1,607,884‌
9,199,910‌
Technology
Hardware,
Storage
&
Peripherals
—
7.3%
Apple,
Inc.
.........................
63,515
17,234,795‌
Everpure,
Inc.
,
Class
A
(a)
................
13,498
964,432‌
HP,
Inc.
...........................
40,456
843,912‌
NetApp,
Inc.
........................
8,554
947,527‌
Sandisk
Corp.
(a)
......................
6,000
6,579,060‌
Western
Digital
Corp.
..................
14,733
6,401,783‌
32,971,509‌
Total
Common
Stocks
—
99.9%
(Cost:
$321,908,922)
..............................
451,970,052‌
Rights
Biotechnology
—
0.0%
Arcellx,
Inc.,
CVR
(a)
...................
4,317
302‌
Total
Rights
—
0.0%
(Cost:
$—)
.....................................
302‌
Total
Long-Term
Investments
—
99.9%
(Cost:
$321,908,922)
..............................
451,970,354‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Tech
Breakthrough
Multisector
ETF
3
(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
Short-Term
Securities
Money
Market
Funds
—
0.8%
(d)(e)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares,
3.83%
(f)
...................
2,357,112
$
2,357,819‌
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares,
3.61%
....................
1,032,590
1,032,590‌
Total
Short-Term
Securities
—
0.8%
(Cost:
$3,389,936)
...............................
3,390,409‌
Total
Investments
—
100.7%
(Cost:
$
325,298,858
)
..............................
455,360,763‌
Liabilities
in
Excess
of
Other
Assets
—
(0.7)%
.............
(3,059,534‌)
Net
Assets
—
100.0%
...............................
$
452,301,229‌
(a)
Non-income
producing
security.
(b)
All
or
a
portion
of
this
security
is
on
loan.
(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
..............
$
10,803,279
$
—
$
(8,443,039)
(a)
$
(2,046)
$
(
375)
$
2,357,819
2,357,112
$
76,785
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
530,167
502,423
(a)
—
—
—
1,032,590
1,032,590
14,561
—
$
(2,046)
$
(375)
$
3,390,409
$
91,346
$
—
—
—
(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
Russell
2000
E-Mini
Index
....................................................
2
06/18/26
$
281
$
30,312
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
U.S.
Tech
Breakthrough
Multisector
ETF
4
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
.........................................
$
451,970,052
$
—
$
—
$
451,970,052
Rights
................................................
—
302
—
302
Short-Term
Securities
Money
Market
Funds
......................................
3,390,409
—
—
3,390,409
$
455,360,461
$
302
$
—
$
455,360,763
Derivative
Financial
Instruments
(a)
Assets
Equity
contracts
...........................................
$
30,312
$
—
$
—
$
30,312
(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
NVS
Non-Voting
Shares
REIT
Real
Estate
Investment
Trust