Schedule
of
Investments
(unaudited)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
1
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Aerospace
&
Defense
—
0.9%
AerSale
Corp.
(a)
......................
314,006
$
1,984,518‌
Aevex
Corp.
,
Class
A
(a)
(b)
................
8,811
184,062‌
AIRO
Group
Holdings,
Inc.
(a)
(b)
............
196,814
1,454,455‌
Archer
Aviation,
Inc.
,
Class
A
(a)
(b)
...........
4,842,049
22,902,892‌
Astronics
Corp.
,
Class
B
(a)
(b)
..............
4,181
317,726‌
Beta
Technologies,
Inc.
,
Class
A
(a)
(b)
........
213,854
3,582,055‌
Ducommun,
Inc.
(a)
(b)
...................
9,594
1,776,905‌
National
Presto
Industries,
Inc.
............
32,551
4,068,549‌
Redwire
Corp.
(a)
(b)
.....................
757,457
9,263,699‌
Swarmer,
Inc.
(a)
(b)
.....................
5,368
237,856‌
V2X,
Inc.
(a)
.........................
253,037
18,866,439‌
Virgin
Galactic
Holdings,
Inc.
(a)
(b)
...........
851,169
2,459,878‌
VSE
Corp.
.........................
247,971
56,661,373‌
123,760,407‌
Air
Freight
&
Logistics
—
0.2%
Hub
Group,
Inc.
,
Class
A
................
564,994
24,741,087‌
Radiant
Logistics,
Inc.
(a)
(b)
...............
339,285
3,209,636‌
27,950,723‌
Automobile
Components
—
1.9%
Adient
plc
(a)
.........................
762,934
14,022,727‌
Cooper-Standard
Holdings,
Inc.
(a)
..........
159,848
4,323,888‌
Dauch
Corp.
(a)
.......................
2,301,035
12,471,610‌
Dorman
Products,
Inc.
(a)
................
192,029
26,202,357‌
Fox
Factory
Holding
Corp.
(a)
..............
419,646
7,110,902‌
Garrett
Motion,
Inc.
...................
1,633,934
59,197,429‌
Gentherm,
Inc.
(a)
.....................
305,065
10,405,767‌
Goodyear
Tire
&
Rubber
Co.
(The)
(a)
(b)
.......
2,713,748
17,910,737‌
Holley,
Inc.
(a)
(b)
.......................
827,059
2,109,000‌
LCI
Industries
.......................
207,301
21,949,030‌
Motorcar
Parts
of
America,
Inc.
(a)
(b)
.........
122,717
1,880,024‌
Patrick
Industries,
Inc.
.................
176,615
15,856,495‌
Phinia,
Inc.
.........................
160,046
13,182,989‌
Solid
Power,
Inc.
,
Class
A
(a)
(b)
.............
843,222
2,183,945‌
Standard
Motor
Products,
Inc.
............
217,784
8,487,043‌
Stoneridge,
Inc.
(a)
.....................
292,817
2,143,420‌
Strattec
Security
Corp.
(a)
(b)
...............
42,113
3,430,104‌
Versigent
plc
(a)
.......................
680,859
28,602,887‌
Visteon
Corp.
.......................
256,145
25,412,145‌
276,882,499‌
Automobiles
—
0.1%
Harley-Davidson,
Inc.
..................
404,030
9,882,574‌
Winnebago
Industries,
Inc.
..............
269,185
8,409,339‌
18,291,913‌
Banks
—
19.1%
1st
Source
Corp.
.....................
167,994
13,704,951‌
ACNB
Corp.
........................
101,447
6,023,923‌
Amalgamated
Financial
Corp.
............
159,905
7,339,639‌
Amerant
Bancorp,
Inc.
,
Class
A
...........
332,911
8,495,889‌
Ameris
Bancorp
......................
567,501
51,222,640‌
Ames
National
Corp.
..................
88,370
2,616,636‌
Arrow
Financial
Corp.
..................
159,066
6,520,115‌
Associated
Banc-Corp.
.................
1,371,135
42,189,824‌
Atlantic
Union
Bankshares
Corp.
..........
1,236,915
52,333,874‌
Avidbank
Holdings,
Inc.
(a)
(b)
..............
85,817
2,834,536‌
Avidia
Bancorp,
Inc.
...................
171,220
3,593,908‌
Axos
Financial,
Inc.
(a)
(b)
.................
413,446
40,265,506‌
Banc
of
California,
Inc.
.................
1,207,146
24,661,993‌
BancFirst
Corp.
......................
192,045
21,341,961‌
Bank
First
Corp.
.....................
82,227
12,198,375‌
Bank
of
Hawaii
Corp.
..................
75,669
6,166,267‌
Bank
of
Marin
Bancorp
.................
162,372
4,497,704‌
Security
Shares
Shares
Value
Banks
(continued)
Bank
of
NT
Butterfield
&
Son
Ltd.
(The)
......
292,823
$
17,422,969‌
Bank7
Corp.
........................
48,788
2,388,173‌
BankUnited,
Inc.
.....................
637,417
30,882,854‌
Bankwell
Financial
Group,
Inc.
............
54,966
3,229,252‌
Banner
Corp.
.......................
294,247
19,549,771‌
Bar
Harbor
Bankshares
................
171,920
6,491,699‌
BayCom
Corp.
......................
107,989
3,552,838‌
BCB
Bancorp,
Inc.
....................
147,902
1,585,509‌
Beacon
Financial
Corp.
.................
637,935
19,425,121‌
Blue
Ridge
Bankshares,
Inc.
.............
702,970
2,481,484‌
Bridgewater
Bancshares,
Inc.
(a)
(b)
..........
107,692
2,265,840‌
Burke
&
Herbert
Financial
Services
Corp.
....
143,617
10,320,318‌
Business
First
Bancshares,
Inc.
...........
314,437
9,662,649‌
BV
Financial,
Inc.
(a)
...................
71,125
1,506,427‌
Byline
Bancorp,
Inc.
...................
306,175
11,530,550‌
C&F
Financial
Corp.
...................
29,698
2,375,840‌
California
Bancorp
(b)
...................
251,329
5,237,696‌
Camden
National
Corp.
................
168,107
9,114,762‌
Capital
Bancorp,
Inc.
..................
112,272
3,942,993‌
Capital
City
Bank
Group,
Inc.
.............
139,581
6,898,093‌
Capitol
Federal
Financial,
Inc.
............
1,173,160
9,983,592‌
Carter
Bankshares,
Inc.
................
165,142
5,616,479‌
Cathay
General
Bancorp
................
565,291
35,042,389‌
CB
Financial
Services,
Inc.
..............
48,181
1,826,060‌
Central
Pacific
Financial
Corp.
............
224,453
8,574,105‌
CF
Bankshares,
Inc.
...................
53,889
1,765,943‌
Chain
Bridge
Bancorp,
Inc.
,
Class
A
(a)
(b)
......
21,312
896,170‌
Chemung
Financial
Corp.
...............
37,940
2,829,565‌
ChoiceOne
Financial
Services,
Inc.
.........
147,474
5,014,116‌
Citizens
&
Northern
Corp.
...............
187,512
4,370,905‌
Citizens
Community
Bancorp,
Inc.
.........
96,597
2,259,404‌
Citizens
Financial
Services,
Inc.
...........
43,352
3,140,419‌
City
Holding
Co.
.....................
44,681
5,926,488‌
Civista
Bancshares,
Inc.
................
208,871
5,894,340‌
CNB
Financial
Corp.
...................
289,490
9,758,708‌
CoastalSouth
Bancshares,
Inc.
...........
76,560
2,055,636‌
Colony
Bankcorp,
Inc.
.................
218,239
4,384,422‌
Columbia
Financial,
Inc.
(a)
(b)
..............
247,845
5,259,271‌
Commercial
Bancgroup,
Inc.
.............
91,125
2,942,426‌
Community
Bancorp
...................
38,212
1,494,089‌
Community
Financial
System,
Inc.
.........
355,404
23,854,716‌
Community
Trust
Bancorp,
Inc.
...........
159,461
11,538,598‌
Community
West
Bancshares
............
203,035
5,453,520‌
ConnectOne
Bancorp,
Inc.
..............
354,269
11,846,755‌
Customers
Bancorp,
Inc.
(a)
...............
269,555
21,321,801‌
CVB
Financial
Corp.
...................
1,462,917
32,988,778‌
Dime
Commercial
Bancshares,
Inc.
........
310,769
12,632,760‌
Eagle
Bancorp
Montana,
Inc.
.............
80,530
1,927,083‌
Eagle
Bancorp,
Inc.
(b)
..................
270,761
7,686,905‌
Eagle
Financial
Services,
Inc.
............
48,891
2,027,021‌
Eastern
Bankshares,
Inc.
...............
1,889,714
42,027,239‌
ECB
Bancorp,
Inc.
(a)
...................
70,060
1,406,805‌
Enterprise
Financial
Services
Corp.
........
351,284
23,142,590‌
Equity
Bancshares,
Inc.
,
Class
A
..........
147,253
7,213,924‌
Farmers
&
Merchants
Bancorp,
Inc.
........
145,192
4,439,971‌
Farmers
National
Banc
Corp.
.............
597,372
8,721,631‌
FB
Bancorp,
Inc.
(a)
(b)
...................
162,732
2,450,744‌
FB
Financial
Corp.
....................
422,198
23,368,659‌
Fidelity
D&D
Bancorp,
Inc.
...............
48,705
2,504,411‌
Financial
Institutions,
Inc.
...............
195,294
7,610,607‌
Finwise
Bancorp
(a)
(b)
...................
33,047
479,181‌
First
Bancorp
.......................
380,390
24,318,333‌
First
BanCorp
.......................
973,509
25,379,380‌
First
Bancorp,
Inc.
(The)
................
108,814
3,788,903‌
First
Bank
(b)
.........................
224,735
3,984,552‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
2
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Banks
(continued)
First
Busey
Corp.
.....................
781,155
$
23,044,072‌
First
Business
Financial
Services,
Inc.
.......
76,169
4,811,596‌
First
Capital,
Inc.
.....................
29,709
1,920,390‌
First
Commonwealth
Financial
Corp.
........
958,961
19,495,677‌
First
Community
Bankshares,
Inc.
.........
161,868
7,190,177‌
First
Community
Corp.
.................
90,790
2,967,017‌
First
Financial
Bancorp
.................
910,180
30,791,389‌
First
Financial
Bankshares,
Inc.
...........
678,984
23,492,846‌
First
Financial
Corp.
...................
115,268
8,926,354‌
First
Guaranty
Bancshares,
Inc.
(b)
..........
53,341
537,144‌
First
Internet
Bancorp
..................
72,975
2,028,705‌
First
Interstate
BancSystem,
Inc.
,
Class
A
....
853,385
32,906,526‌
First
Merchants
Corp.
..................
607,710
26,550,850‌
First
Mid
Bancshares,
Inc.
...............
242,269
11,650,716‌
First
National
Corp.
...................
80,760
2,424,415‌
First
Northern
Community
Bancorp
(a)
(b)
.......
138,810
2,490,251‌
First
United
Corp.
....................
59,865
2,640,645‌
First
Western
Financial,
Inc.
(a)
............
82,256
2,641,240‌
Firstsun
Capital
Bancorp
(a)
(b)
..............
239,893
9,303,051‌
Five
Star
Bancorp
....................
53,687
2,614,020‌
Flagstar
Bank
NA
.....................
2,920,348
43,629,999‌
Franklin
Financial
Services
Corp.
..........
40,663
2,545,504‌
FS
Bancorp,
Inc.
.....................
72,370
3,140,858‌
Fulton
Financial
Corp.
..................
1,673,457
40,480,925‌
FVCBankcorp,
Inc.
....................
158,907
2,780,872‌
German
American
Bancorp,
Inc.
...........
358,633
17,020,722‌
Glacier
Bancorp,
Inc.
..................
978,792
50,486,091‌
Great
Southern
Bancorp,
Inc.
.............
81,147
6,362,736‌
Greene
County
Bancorp,
Inc.
.............
59,162
1,987,252‌
Hancock
Whitney
Corp.
................
777,283
58,078,586‌
Hanmi
Financial
Corp.
.................
256,834
8,321,422‌
Hanover
Bancorp,
Inc.
.................
52,514
1,224,626‌
Hawthorn
Bancshares,
Inc.
..............
52,922
2,079,835‌
HBT
Financial,
Inc.
....................
168,363
5,385,932‌
Heritage
Financial
Corp.
................
356,655
10,564,121‌
Hilltop
Holdings,
Inc.
...................
388,603
15,070,024‌
Hingham
Institution
for
Savings
(The)
(b)
......
14,548
4,468,418‌
Home
Bancorp,
Inc.
...................
72,097
4,940,086‌
Home
BancShares,
Inc.
................
1,773,869
50,643,960‌
HomeTrust
Bancshares,
Inc.
.............
152,603
7,613,364‌
Hope
Bancorp,
Inc.
...................
1,165,345
15,941,920‌
Horizon
Bancorp,
Inc.
..................
509,865
10,187,103‌
Independent
Bank
Corp.
................
619,789
42,982,759‌
International
Bancshares
Corp.
...........
469,959
35,693,386‌
Investar
Holding
Corp.
.................
127,717
3,826,401‌
Isabella
Bank
Corp.
(b)
..................
66,146
2,612,767‌
John
Marshall
Bancorp,
Inc.
.............
135,524
2,954,423‌
Kearny
Financial
Corp.
.................
614,311
5,811,382‌
Lakeland
Financial
Corp.
................
95,541
5,896,791‌
Landmark
Bancorp,
Inc.
................
53,651
1,647,622‌
LCNB
Corp.
........................
151,267
2,660,787‌
Live
Oak
Bancshares,
Inc.
...............
189,598
7,743,182‌
MainStreet
Bancshares,
Inc.
.............
67,821
1,674,500‌
Mechanics
Bancorp
,
Class
A
.............
390,683
6,211,860‌
Mercantile
Bank
Corp.
.................
171,624
9,854,650‌
Meridian
Corp.
......................
94,277
1,888,368‌
Metrocity
Bankshares,
Inc.
..............
90,938
3,263,765‌
Metropolitan
Bank
Holding
Corp.
..........
80,163
7,916,898‌
Mid
Penn
Bancorp,
Inc.
.................
216,035
7,526,659‌
Midland
States
Bancorp,
Inc.
.............
185,048
5,762,395‌
MVB
Financial
Corp.
..................
123,913
3,594,716‌
National
Bank
Holdings
Corp.
,
Class
A
......
373,389
16,589,673‌
National
Bankshares,
Inc.
...............
67,823
2,464,010‌
NB
Bancorp,
Inc.
.....................
392,273
8,288,728‌
NBT
Bancorp,
Inc.
....................
479,547
23,675,235‌
Security
Shares
Shares
Value
Banks
(continued)
Nicolet
Bankshares,
Inc.
................
126,992
$
21,003,207‌
Northeast
Bank
(b)
.....................
25,949
3,439,021‌
Northeast
Community
Bancorp,
Inc.
........
134,987
3,744,539‌
Northfield
Bancorp,
Inc.
................
336,617
4,958,368‌
Northpointe
Bancshares,
Inc.
.............
205,805
3,947,340‌
Northrim
Bancorp,
Inc.
.................
197,038
5,465,834‌
Northwest
Bancshares,
Inc.
..............
1,277,119
19,361,124‌
Norwood
Financial
Corp.
................
110,566
3,554,697‌
Oak
Valley
Bancorp
...................
78,397
2,645,507‌
OceanFirst
Financial
Corp.
..............
661,044
12,910,189‌
OFG
Bancorp
.......................
373,167
18,311,305‌
Ohio
Valley
Banc
Corp.
.................
34,586
1,502,070‌
Old
National
Bancorp
..................
2,879,388
74,576,149‌
Old
Second
Bancorp,
Inc.
...............
464,484
10,831,767‌
OP
Bancorp
........................
134,504
2,016,215‌
Orange
County
Bancorp,
Inc.
.............
74,507
2,740,367‌
Origin
Bancorp,
Inc.
...................
273,918
14,010,906‌
Orrstown
Financial
Services,
Inc.
..........
191,577
7,822,089‌
Park
National
Corp.
...................
156,982
28,726,136‌
Parke
Bancorp,
Inc.
...................
103,156
3,420,653‌
Pathward
Financial,
Inc.
................
26,381
2,296,730‌
PCB
Bancorp
.......................
99,718
2,829,000‌
Peapack-Gladstone
Financial
Corp.
(b)
.......
84,748
4,011,123‌
Peoples
Bancorp
of
North
Carolina,
Inc.
.....
45,560
1,963,180‌
Peoples
Bancorp,
Inc.
.................
345,122
13,256,136‌
Peoples
Financial
Services
Corp.
..........
86,550
5,744,323‌
Pioneer
Bancorp,
Inc.
(a)
(b)
................
108,842
1,857,933‌
Plumas
Bancorp
.....................
66,934
3,911,623‌
Ponce
Financial
Group,
Inc.
(a)
............
193,314
3,854,681‌
Preferred
Bank
......................
82,174
8,731,809‌
Primis
Financial
Corp.
..................
158,807
2,599,671‌
Princeton
Bancorp,
Inc.
.................
51,310
1,947,214‌
Provident
Financial
Services,
Inc.
..........
1,099,942
26,002,629‌
QCR
Holdings,
Inc.
...................
160,931
15,666,633‌
RBB
Bancorp
.......................
164,553
4,511,220‌
Red
River
Bancshares,
Inc.
..............
50,522
4,611,648‌
Renasant
Corp.
......................
817,276
34,766,921‌
Republic
Bancorp,
Inc.
,
Class
A
...........
85,547
7,736,015‌
Rhinebeck
Bancorp,
Inc.
(a)
(b)
..............
41,128
711,926‌
Richmond
Mutual
Bancorp,
Inc.
...........
90,965
1,444,524‌
S&T
Bancorp,
Inc.
....................
319,723
15,692,005‌
Seacoast
Banking
Corp.
of
Florida
.........
846,293
28,139,242‌
ServisFirst
Bancshares,
Inc.
.............
27,679
2,401,153‌
Shore
Bancshares,
Inc.
.................
311,456
7,147,915‌
Sierra
Bancorp
......................
122,050
4,974,758‌
Simmons
First
National
Corp.
,
Class
A
......
1,261,674
28,576,916‌
SmartFinancial,
Inc.
...................
127,863
5,999,332‌
South
Plains
Financial,
Inc.
..............
156,185
6,729,231‌
Southern
First
Bancshares,
Inc.
(a)
(b)
.........
88,323
5,396,535‌
Southern
Missouri
Bancorp,
Inc.
...........
89,323
6,807,306‌
Southside
Bancshares,
Inc.
..............
249,383
8,775,788‌
SR
Bancorp,
Inc.
(b)
....................
71,651
1,410,092‌
Stellar
Bancorp,
Inc.
...................
453,948
17,849,235‌
Sterling
Bancorp,
Inc.
(a)
(b)
(c)
...............
207,134
2‌
Stock
Yards
Bancorp,
Inc.
...............
209,625
16,030,024‌
Texas
Capital
Bancshares,
Inc.
...........
351,503
36,296,200‌
Third
Coast
Bancshares,
Inc.
(a)
(b)
...........
151,176
6,107,510‌
Timberland
Bancorp,
Inc.
...............
74,644
3,344,798‌
Tompkins
Financial
Corp.
...............
129,834
12,271,910‌
Towne
Bank
........................
841,724
30,504,078‌
TriCo
Bancshares
....................
288,517
15,536,640‌
Triumph
Financial,
Inc.
(a)
................
110,831
8,457,514‌
TrustCo
Bank
Corp.
...................
152,216
8,358,181‌
Trustmark
Corp.
.....................
524,797
24,145,910‌
UMB
Financial
Corp.
..................
630,952
90,074,708‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
3
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Banks
(continued)
United
Bankshares,
Inc.
................
1,209,031
$
55,409,891‌
United
Community
Banks,
Inc.
............
1,038,689
36,447,597‌
Unity
Bancorp,
Inc.
....................
37,884
2,223,412‌
Univest
Financial
Corp.
.................
271,647
11,884,556‌
USCB
Financial
Holdings,
Inc.
,
Class
A
......
91,139
1,864,704‌
Valley
National
Bancorp
................
3,396,852
49,763,882‌
Virginia
National
Bankshares
Corp.
.........
52,316
2,321,784‌
WaFd,
Inc.
.........................
645,048
24,750,492‌
Washington
Trust
Bancorp,
Inc.
...........
191,048
6,969,431‌
WesBanco,
Inc.
......................
813,426
31,748,017‌
West
Bancorp,
Inc.
....................
138,494
3,674,246‌
Westamerica
Bancorp
.................
205,384
12,049,879‌
Western
New
England
Bancorp,
Inc.
........
182,926
2,615,842‌
WSFS
Financial
Corp.
.................
462,957
35,522,691‌
2,760,660,196‌
Beverages
—
0.0%
Boston
Beer
Co.,
Inc.
(The)
,
Class
A
(a)
(b)
......
21,393
3,787,203‌
MGP
Ingredients,
Inc.
..................
127,378
2,231,662‌
National
Beverage
Corp.
(a)
...............
21,773
679,318‌
6,698,183‌
Biotechnology
—
5.1%
(a)
4D
Molecular
Therapeutics,
Inc.
(b)
..........
409,832
5,450,766‌
Abeona
Therapeutics,
Inc.
(b)
..............
406,752
2,513,727‌
Absci
Corp.
(b)
.......................
202,712
2,349,432‌
Acumen
Pharmaceuticals,
Inc.
(b)
...........
427,139
1,140,461‌
ADC
Therapeutics
SA
..................
714,774
764,808‌
Agenus,
Inc.
(b)
.......................
245,612
751,573‌
Agios
Pharmaceuticals,
Inc.
(b)
............
516,746
19,176,444‌
Akebia
Therapeutics,
Inc.
(b)
..............
338,633
386,042‌
Aktis
Oncology,
Inc.
(b)
..................
59,411
1,914,817‌
Alector,
Inc.
........................
160,159
321,920‌
Alkermes
plc
........................
314,957
16,502,172‌
Allogene
Therapeutics,
Inc.
..............
2,462,775
5,122,572‌
Altimmune,
Inc.
......................
1,856,868
5,644,879‌
Anavex
Life
Sciences
Corp.
..............
732,402
1,896,921‌
Anika
Therapeutics,
Inc.
................
104,196
1,524,387‌
Arcturus
Therapeutics
Holdings,
Inc.
(b)
.......
252,348
1,695,779‌
Arcus
Biosciences,
Inc.
.................
175,090
5,398,025‌
Artiva
Biotherapeutics,
Inc.
(b)
.............
20,681
200,606‌
Assembly
Biosciences,
Inc.
..............
88,659
2,436,349‌
Atrium
Therapeutics,
Inc.
(b)
..............
40,811
548,908‌
Aura
Biosciences,
Inc.
(b)
................
39,462
280,180‌
Avalo
Therapeutics,
Inc.
................
189,818
3,507,837‌
Beam
Therapeutics,
Inc.
................
93,530
3,209,950‌
Benitec
Biopharma,
Inc.
................
187,045
2,502,662‌
Bicara
Therapeutics,
Inc.
(b)
..............
49,540
1,470,843‌
Black
Diamond
Therapeutics,
Inc.
(b)
........
462,460
855,551‌
C4
Therapeutics,
Inc.
(b)
.................
925,513
4,322,146‌
Cabaletta
Bio,
Inc.
....................
519,978
1,617,132‌
Candel
Therapeutics,
Inc.
(b)
..............
32,447
334,204‌
Canton
Strategic
Holdings,
Inc.
(b)
..........
409,193
1,153,924‌
Caribou
Biosciences,
Inc.
...............
875,041
1,540,072‌
Cartesian
Therapeutics,
Inc.
(b)
............
94,223
981,804‌
Celldex
Therapeutics,
Inc.
(b)
..............
137,433
5,113,882‌
Century
Therapeutics,
Inc.
...............
1,099,347
2,693,400‌
Climb
Bio,
Inc.
(b)
......................
183,573
2,393,792‌
Coherus
Oncology,
Inc.
(b)
...............
736,454
1,031,036‌
Compass
Therapeutics,
Inc.
(b)
............
1,204,348
2,637,522‌
Corbus
Pharmaceuticals
Holdings,
Inc.
......
156,102
1,464,237‌
CRISPR
Therapeutics
AG
(b)
..............
754,539
41,152,557‌
Cullinan
Therapeutics,
Inc.
(b)
.............
558,713
10,174,164‌
Cytokinetics,
Inc.
.....................
1,098,894
93,614,780‌
CytomX
Therapeutics,
Inc.
(b)
.............
754,014
2,827,552‌
Security
Shares
Shares
Value
Biotechnology
(continued)
Damora
Therapeutics,
Inc.
(b)
.............
153,288
$
3,987,021‌
Denali
Therapeutics,
Inc.
................
1,295,397
33,317,611‌
Dyne
Therapeutics,
Inc.
(b)
...............
827,995
18,389,769‌
Editas
Medicine,
Inc.
(b)
.................
120,487
390,378‌
Eikon
Therapeutics,
Inc.
(b)
...............
63,525
829,001‌
Emergent
BioSolutions,
Inc.
(b)
............
498,933
4,181,059‌
Enanta
Pharmaceuticals,
Inc.
(b)
...........
136,481
1,989,893‌
Entrada
Therapeutics,
Inc.
(b)
.............
269,168
1,981,076‌
First
Tracks
Biotherapeutics,
Inc.
..........
64,779
1,303,353‌
Galectin
Therapeutics,
Inc.
(b)
.............
112,214
520,673‌
Generate
Biomedicines,
Inc.
.............
65,637
1,107,296‌
GRAIL,
Inc.
(b)
.......................
383,893
26,208,375‌
Gyre
Therapeutics,
Inc.
(b)
...............
41,365
272,595‌
Heron
Therapeutics,
Inc.
(b)
...............
506,927
216,356‌
Hyperliquid
Strategies,
Inc.
..............
1,173,755
9,237,452‌
Ideaya
Biosciences,
Inc.
(b)
...............
700,041
26,090,528‌
Immuneering
Corp.
,
Class
A
(b)
............
493,237
2,461,253‌
Inhibikase
Therapeutics,
Inc.
(b)
............
1,099,534
2,232,054‌
Inhibrx
Biosciences,
Inc.
(b)
...............
15,046
1,425,608‌
Intellia
Therapeutics,
Inc.
(b)
..............
1,255,953
21,250,725‌
Invivyd,
Inc.
(b)
.......................
2,011,975
1,755,247‌
Iovance
Biotherapeutics,
Inc.
(b)
............
3,697,770
15,382,723‌
Ironwood
Pharmaceuticals,
Inc.
,
Class
A
(b)
....
55,308
232,847‌
Janux
Therapeutics,
Inc.
(b)
...............
402,636
6,184,489‌
Kailera
Therapeutics,
Inc.
...............
135,658
2,988,546‌
Karyopharm
Therapeutics,
Inc.
(b)
..........
152,486
1,489,788‌
Keros
Therapeutics,
Inc.
(b)
...............
173,348
1,854,824‌
Korro
Bio,
Inc.
(b)
......................
78,385
1,033,114‌
Kymera
Therapeutics,
Inc.
...............
100,294
11,500,713‌
Kyverna
Therapeutics,
Inc.
..............
349,676
3,115,613‌
Lexeo
Therapeutics,
Inc.
................
660,763
3,075,852‌
Lyell
Immunopharma,
Inc.
...............
89,062
1,251,321‌
MacroGenics,
Inc.
....................
55,487
256,350‌
MapLight
Therapeutics,
Inc.
(b)
.............
11,143
399,365‌
MeiraGTx
Holdings
plc
(b)
................
113,571
1,534,344‌
MiMedx
Group,
Inc.
...................
1,110,826
4,276,680‌
Minerva
Neurosciences,
Inc.
.............
92,118
511,255‌
Monopar
Therapeutics,
Inc.
..............
31,535
2,919,826‌
Myriad
Genetics,
Inc.
..................
853,947
4,876,037‌
Neurogene,
Inc.
(b)
.....................
104,447
3,284,858‌
Nkarta,
Inc.
(b)
........................
451,744
1,278,436‌
Novavax,
Inc.
(b)
......................
1,424,231
13,416,256‌
Nurix
Therapeutics,
Inc.
................
204,315
4,956,682‌
Ocugen,
Inc.
(b)
.......................
989,881
1,514,518‌
Olema
Pharmaceuticals,
Inc.
(b)
............
608,499
7,612,322‌
OnKure
Therapeutics,
Inc.
,
Class
A
(b)
.......
201,683
919,674‌
Organogenesis
Holdings,
Inc.
,
Class
A
......
624,880
1,518,458‌
ORIC
Pharmaceuticals,
Inc.
(b)
............
479,966
5,198,032‌
Ovid
therapeutics,
Inc.
(b)
................
1,205,842
3,243,715‌
Palisade
Bio,
Inc.
(b)
....................
1,109,965
2,319,827‌
Perspective
Therapeutics,
Inc.
(b)
...........
971,174
3,311,703‌
Precision
BioSciences,
Inc.
(b)
.............
175,681
1,380,853‌
Prime
Medicine,
Inc.
(b)
..................
129,307
477,143‌
ProKidney
Corp.
(b)
....................
206,510
421,280‌
Protara
Therapeutics,
Inc.
...............
472,106
1,803,445‌
Prothena
Corp.
plc
(b)
...................
169,543
1,659,826‌
PTC
Therapeutics,
Inc.
(b)
................
112,655
9,189,268‌
Puma
Biotechnology,
Inc.
(b)
..............
334,007
2,708,797‌
Recursion
Pharmaceuticals,
Inc.
,
Class
A
.....
4,336,373
15,914,489‌
REGENXBIO,
Inc.
(b)
...................
72,981
874,312‌
Relay
Therapeutics,
Inc.
(b)
...............
314,486
5,884,033‌
Replimune
Group,
Inc.
(b)
................
732,433
8,108,033‌
Rezolute,
Inc.
(b)
......................
632,615
3,289,598‌
Rigel
Pharmaceuticals,
Inc.
(b)
.............
171,289
6,700,826‌
Rocket
Pharmaceuticals,
Inc.
(b)
............
839,122
2,869,797‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
4
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Biotechnology
(continued)
SAB
Biotherapeutics,
Inc.
...............
382,211
$
1,490,623‌
Sagimet
Biosciences,
Inc.
,
Class
A
(b)
........
117,915
911,483‌
Sarepta
Therapeutics,
Inc.
(b)
.............
902,514
16,218,177‌
Scholar
Rock
Holding
Corp.
..............
59,182
3,255,010‌
Shattuck
Labs,
Inc.
...................
57,632
399,966‌
Solid
Biosciences,
Inc.
(b)
................
371,263
3,708,917‌
Spruce
Biosciences,
Inc.
(b)
...............
17,176
927,504‌
Sutro
Biopharma,
Inc.
..................
110,061
3,654,025‌
Tectonic
Therapeutic,
Inc.
(b)
..............
77,534
2,665,231‌
Tenax
Therapeutics,
Inc.
(b)
...............
227,195
3,305,687‌
Tonix
Pharmaceuticals
Holding
Corp.
(b)
......
144,821
1,847,916‌
Ultragenyx
Pharmaceutical,
Inc.
(b)
..........
493,218
16,468,549‌
Unicycive
Therapeutics,
Inc.
(b)
............
23,479
110,116‌
Upstream
Bio,
Inc.
(b)
...................
335,939
2,324,698‌
UroGen
Pharma
Ltd.
(b)
.................
51,928
1,910,950‌
Vanda
Pharmaceuticals,
Inc.
(b)
............
512,948
3,139,242‌
Vaxcyte,
Inc.
(b)
.......................
397,042
23,080,051‌
Veracyte,
Inc.
.......................
167,024
9,809,320‌
Vir
Biotechnology,
Inc.
(b)
................
1,143,104
11,648,230‌
Viridian
Therapeutics,
Inc.
(b)
..............
750,309
13,783,176‌
Vor
BioPharma,
Inc.
...................
111,238
2,047,892‌
Voyager
Therapeutics,
Inc.
..............
486,639
1,703,236‌
Whitehawk
Therapeutics,
Inc.
............
279,777
1,281,379‌
X4
Pharmaceuticals,
Inc.
(b)
..............
753,027
3,516,636‌
Xencor,
Inc.
(b)
.......................
643,328
10,357,581‌
XOMA
Royalty
Corp.
..................
21,245
902,912‌
Zentalis
Pharmaceuticals,
Inc.
............
450,743
2,186,104‌
735,161,617‌
Broadline
Retail
—
0.2%
1stdibs.com,
Inc.
(a)
(b)
...................
207,773
1,018,088‌
Groupon,
Inc.
,
Class
A
(a)
(b)
...............
222,837
5,361,458‌
Kohl's
Corp.
........................
1,023,031
18,128,109‌
24,507,655‌
Building
Products
—
1.1%
Apogee
Enterprises,
Inc.
................
199,262
9,114,244‌
Gibraltar
Industries,
Inc.
(a)
...............
282,668
12,748,327‌
Griffon
Corp.
........................
92,415
9,013,235‌
Insteel
Industries,
Inc.
..................
173,887
5,251,387‌
Janus
International
Group,
Inc.
(a)
..........
1,252,638
6,952,141‌
Masterbrand,
Inc.
(a)
(b)
..................
1,898,604
19,536,635‌
Quanex
Building
Products
Corp.
...........
432,761
8,058,010‌
Resideo
Technologies,
Inc.
(a)
.............
1,056,255
32,849,530‌
Tecnoglass,
Inc.
......................
29,470
1,379,491‌
UFP
Industries,
Inc.
...................
537,614
48,783,094‌
153,686,094‌
Capital
Markets
—
0.9%
AlTi
Global,
Inc.
,
Class
A
(a)
(b)
.............
387,566
1,399,113‌
Artisan
Partners
Asset
Management,
Inc.
,
Class
A
.............................
256,158
8,845,136‌
Bakkt,
Inc.
,
Class
A
(a)
(b)
.................
238,967
1,866,332‌
BRC
Group
Holdings,
Inc.
(a)
(b)
.............
226,979
1,824,911‌
Cohen
&
Steers,
Inc.
..................
24,694
1,880,201‌
DigitalBridge
Group,
Inc.
,
Class
A
..........
1,679,540
26,503,141‌
Donnelley
Financial
Solutions,
Inc.
(a)
........
48,570
2,037,511‌
GCM
Grosvenor,
Inc.
,
Class
A
............
66,732
820,804‌
Gemini
Space
Station,
Inc.
,
Class
A
(a)
(b)
......
375,294
1,598,752‌
Innventure,
Inc.
(a)
(b)
....................
546,453
2,770,517‌
Marex
Group
plc
.....................
152,342
9,285,245‌
MarketWise,
Inc.
,
Class
A
...............
19,146
341,565‌
Open
Lending
Corp.
(a)
(b)
.................
648,860
2,017,955‌
PJT
Partners,
Inc.
,
Class
A
..............
106,521
16,078,280‌
Silvercrest
Asset
Management
Group,
Inc.
,
Class
A
.............................
112,727
1,139,670‌
Security
Shares
Shares
Value
Capital
Markets
(continued)
StepStone
Group,
Inc.
,
Class
A
...........
405,896
$
16,787,859‌
Victory
Capital
Holdings,
Inc.
,
Class
A
.......
280,186
23,552,435‌
Virtus
Investment
Partners,
Inc.
...........
63,513
9,114,115‌
Wealthfront
Corp.
(a)
(b)
..................
103,918
929,027‌
Webull
Corp.
(a)
.......................
251,823
1,641,886‌
Westwood
Holdings
Group,
Inc.
...........
76,538
1,466,468‌
131,900,923‌
Chemicals
—
2.0%
AdvanSix,
Inc.
.......................
245,130
4,873,184‌
Alto
Ingredients,
Inc.
(a)
(b)
................
667,697
3,805,873‌
Ashland,
Inc.
........................
431,024
28,400,171‌
ASP
Isotopes,
Inc.
(a)
...................
165,250
1,027,855‌
Aspen
Aerogels,
Inc.
(a)
.................
621,530
3,940,500‌
Avient
Corp.
........................
871,372
32,205,909‌
Balchem
Corp.
......................
15,869
2,681,068‌
Cabot
Corp.
........................
485,914
44,130,709‌
Core
Molding
Technologies,
Inc.
(a)
(b)
.........
77,210
1,822,156‌
Ecovyst,
Inc.
(a)
.......................
224,869
2,799,619‌
Flotek
Industries,
Inc.
(a)
(b)
................
4,012
94,362‌
FMC
Corp.
.........................
1,182,028
13,593,322‌
HB
Fuller
Co.
.......................
518,331
30,213,514‌
Huntsman
Corp.
.....................
1,579,188
16,770,977‌
Innospec,
Inc.
.......................
234,556
19,090,513‌
Intrepid
Potash,
Inc.
(a)
..................
102,053
3,345,297‌
Koppers
Holdings,
Inc.
.................
169,943
7,630,441‌
Kronos
Worldwide,
Inc.
.................
199,528
1,263,012‌
LSB
Industries,
Inc.
(a)
..................
556,835
6,019,386‌
Mativ
Holdings,
Inc.
...................
510,552
3,864,879‌
Minerals
Technologies,
Inc.
..............
292,316
21,622,615‌
Orion
SA
..........................
508,722
3,372,827‌
Quaker
Chemical
Corp.
................
128,727
20,450,859‌
Rayonier
Advanced
Materials,
Inc.
(a)
(b)
.......
578,007
4,543,135‌
Stepan
Co.
.........................
202,234
11,268,478‌
Trinseo
plc
(b)
........................
284,806
456‌
Tronox
Holdings
plc
...................
1,118,674
7,047,646‌
Valhi,
Inc.
..........................
23,927
351,009‌
296,229,772‌
Commercial
Services
&
Supplies
—
2.0%
ABM
Industries,
Inc.
...................
556,915
24,637,920‌
ACCO
Brands
Corp.
...................
867,700
3,609,632‌
ACV
Auctions,
Inc.
,
Class
A
(a)
.............
563,892
4,054,383‌
BrightView
Holdings,
Inc.
(a)
(b)
.............
665,686
9,432,771‌
Cimpress
plc
(a)
(b)
.....................
12,126
1,233,214‌
Civeo
Corp.
(a)
.......................
96,751
3,386,285‌
CompX
International,
Inc.
,
Class
A
.........
14,894
370,861‌
CoreCivic,
Inc.
(a)
.....................
911,768
27,699,512‌
Deluxe
Corp.
........................
416,143
9,937,495‌
Ennis,
Inc.
.........................
221,648
4,710,020‌
Enviri
Corp.
(a)
(b)
......................
250,697
5,502,792‌
GEO
Group,
Inc.
(The)
(a)
................
1,192,138
35,227,678‌
Healthcare
Services
Group,
Inc.
(a)
(b)
.........
318,859
7,831,177‌
HNI
Corp.
..........................
674,316
27,249,109‌
Interface,
Inc.
,
Class
A
(b)
................
480,612
17,225,134‌
MillerKnoll,
Inc.
......................
646,415
13,225,651‌
Mobile
Infrastructure
Corp.
,
Class
A
(a)
.......
7,650
10,557‌
NLI
Holdings,
Inc.
....................
69,594
414,084‌
Onterris,
Inc.
(a)
(b)
......................
313,075
6,327,246‌
OPENLANE,
Inc.
(a)
(b)
...................
599,082
24,706,142‌
Perma-Fix
Environmental
Services,
Inc.
(a)
(b)
...
23,362
333,843‌
Pitney
Bowes,
Inc.
....................
551,090
9,655,097‌
Quad/Graphics,
Inc.
,
Class
A
.............
80,113
675,352‌
UniFirst
Corp.
.......................
137,866
36,460,042‌
Vestis
Corp.
(a)
.......................
855,863
12,427,131‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
5
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Commercial
Services
&
Supplies
(continued)
Virco
Mfg.
Corp.
.....................
6,582
$
40,413‌
286,383,541‌
Communications
Equipment
—
1.3%
(a)
Aviat
Networks,
Inc.
(b)
..................
110,730
2,458,206‌
Clearfield,
Inc.
(b)
......................
107,842
4,291,033‌
Digi
International,
Inc.
(b)
.................
41,472
3,108,326‌
Inseego
Corp.
(b)
......................
34,966
361,199‌
KVH
Industries,
Inc.
...................
113,387
1,123,665‌
NETGEAR,
Inc.
......................
261,882
6,114,945‌
NetScout
Systems,
Inc.
.................
667,953
29,089,353‌
Ribbon
Communications,
Inc.
(b)
...........
882,150
2,064,231‌
Viasat,
Inc.
(b)
........................
1,184,350
106,366,474‌
Vistance
Networks,
Inc.
.................
2,070,928
26,466,460‌
181,443,892‌
Construction
&
Engineering
—
0.8%
Ameresco,
Inc.
,
Class
A
(a)
(b)
..............
306,916
8,470,882‌
Arcosa,
Inc.
........................
321,758
46,748,220‌
Concrete
Pumping
Holdings,
Inc.
(a)
.........
190,211
2,292,042‌
Fluor
Corp.
(a)
........................
932,942
48,876,831‌
Granite
Construction,
Inc.
...............
43,395
6,859,881‌
Matrix
Service
Co.
(a)
(b)
..................
198,074
2,713,614‌
NWPX
Infrastructure,
Inc.
(a)
..............
11,856
1,777,689‌
Southland
Holdings,
Inc.
(a)
...............
2,347
1,558‌
117,740,717‌
Construction
Materials
—
0.0%
Titan
America
SA
.....................
27,261
508,690‌
Consumer
Finance
—
1.0%
Bread
Financial
Holdings,
Inc.
............
336,728
36,484,479‌
Consumer
Portfolio
Services,
Inc.
(a)
(b)
........
91,099
874,095‌
Encore
Capital
Group,
Inc.
(a)
(b)
............
198,235
18,493,343‌
Green
Dot
Corp.
,
Class
A
(a)
..............
522,810
7,063,163‌
Happen,
Inc.
(a)
.......................
824,417
17,098,409‌
Jefferson
Capital,
Inc.
..................
85,762
1,669,786‌
LendingTree,
Inc.
(a)
....................
68,132
3,017,566‌
Medallion
Financial
Corp.
...............
186,236
1,901,470‌
Navient
Corp.
.......................
663,086
5,642,862‌
Nelnet,
Inc.
,
Class
A
...................
143,374
19,116,055‌
Oportun
Financial
Corp.
(a)
(b)
..............
385,192
2,199,446‌
PRA
Group,
Inc.
(a)
....................
363,048
6,894,282‌
PROG
Holdings,
Inc.
..................
206,804
9,639,134‌
Regional
Management
Corp.
.............
75,108
3,094,450‌
World
Acceptance
Corp.
(a)
...............
23,110
5,172,711‌
138,361,251‌
Consumer
Staples
Distribution
&
Retail
—
0.5%
Andersons,
Inc.
(The)
..................
247,217
16,909,643‌
Grocery
Outlet
Holding
Corp.
(a)
(b)
...........
887,485
8,857,100‌
HF
Foods
Group,
Inc.
(a)
.................
6,633
9,353‌
Ingles
Markets,
Inc.
,
Class
A
.............
138,011
12,225,014‌
Natural
Grocers
by
Vitamin
Cottage,
Inc.
.....
74,615
2,314,557‌
United
Natural
Foods,
Inc.
(a)
..............
502,382
22,943,786‌
Village
Super
Market,
Inc.
,
Class
A
.........
87,064
3,672,360‌
Weis
Markets,
Inc.
....................
115,475
9,042,847‌
Yesway,
Inc.
,
Class
A
(a)
(b)
................
135,921
2,759,196‌
78,733,856‌
Containers
&
Packaging
—
0.5%
Ardagh
Metal
Packaging
SA
.............
974,805
4,620,576‌
Greif,
Inc.
,
Class
A,
NVS
................
231,485
17,243,317‌
Greif,
Inc.
,
Class
B
....................
43,929
4,109,119‌
Myers
Industries,
Inc.
..................
302,850
10,693,634‌
O-I
Glass,
Inc.
(a)
......................
1,454,576
14,007,567‌
Ranpak
Holdings
Corp.
,
Class
A
(a)
(b)
........
444,548
3,249,646‌
Security
Shares
Shares
Value
Containers
&
Packaging
(continued)
TriMas
Corp.
........................
255,410
$
11,501,112‌
65,424,971‌
Distributors
—
0.1%
Gold.com,
Inc.
.......................
144,478
6,011,730‌
Weyco
Group,
Inc.
....................
56,113
2,206,924‌
8,218,654‌
Diversified
Consumer
Services
—
0.7%
Carriage
Services,
Inc.
,
Class
A
...........
23,737
910,077‌
Coursera,
Inc.
(a)
(b)
.....................
1,821,411
10,272,758‌
Graham
Holdings
Co.
,
Class
B
............
30,017
34,262,004‌
KinderCare
Learning
Cos.,
Inc.
(a)
..........
266,016
1,130,568‌
Matthews
International
Corp.
,
Class
A
.......
284,381
7,655,536‌
Perdoceo
Education
Corp.
...............
554,325
17,738,400‌
Strategic
Education,
Inc.
................
213,508
16,358,983‌
Stride,
Inc.
(a)
(b)
.......................
129,784
11,192,572‌
99,520,898‌
Diversified
REITs
—
1.0%
AH
Realty
Trust,
Inc.
..................
745,050
5,274,954‌
Alpine
Income
Property
Trust,
Inc.
.........
144,587
3,001,626‌
American
Assets
Trust,
Inc.
..............
472,529
11,666,741‌
Broadstone
Net
Lease,
Inc.
..............
1,836,743
37,965,478‌
CTO
Realty
Growth,
Inc.
................
296,463
6,376,919‌
Essential
Properties
Realty
Trust,
Inc.
.......
2,056,064
61,373,510‌
Gladstone
Commercial
Corp.
.............
339,233
4,172,566‌
Global
Net
Lease,
Inc.
.................
1,830,263
16,362,551‌
Modiv
Industrial,
Inc.
,
Class
C
............
85,190
1,482,306‌
NexPoint
Diversified
Real
Estate
Trust
......
408,108
2,118,081‌
149,794,732‌
Diversified
Telecommunication
Services
—
0.7%
ATN
International,
Inc.
.................
94,531
2,504,126‌
IDT
Corp.
,
Class
B
....................
21,695
1,261,781‌
Liberty
Capital
Corp.
,
Class
A
(a)
(b)
..........
31,353
686,631‌
Liberty
Capital
Corp.
,
Class
C,
NVS
(a)
(b)
......
297,143
6,406,403‌
Liberty
Latin
America
Ltd.
,
Class
A
(a)
........
77,694
609,121‌
Liberty
Latin
America
Ltd.
,
Class
C,
NVS
(a)
(b)
...
330,983
2,578,357‌
Lumen
Technologies,
Inc.
(a)
(b)
.............
9,048,320
69,491,098‌
Shenandoah
Telecommunications
Co.
.......
464,437
7,003,710‌
Uniti
Group,
Inc.
(b)
....................
489,299
5,612,260‌
96,153,487‌
Electric
Utilities
—
1.4%
Genie
Energy
Ltd.
,
Class
B
..............
196,858
2,844,598‌
Hawaiian
Electric
Industries,
Inc.
(a)
(b)
........
1,544,030
20,890,726‌
MGE
Energy,
Inc.
.....................
353,384
28,814,931‌
Otter
Tail
Corp.
......................
366,808
33,005,384‌
Portland
General
Electric
Co.
.............
1,100,588
57,043,476‌
TXNM
Energy,
Inc.
....................
959,249
54,466,158‌
197,065,273‌
Electrical
Equipment
—
0.8%
Array
Technologies,
Inc.
(a)
(b)
..............
1,022,422
7,576,147‌
Atkore,
Inc.
.........................
320,219
24,349,453‌
Babcock
&
Wilcox
Enterprises,
Inc.
(a)
........
1,179,142
16,625,902‌
EnerSys
(b)
..........................
22,898
5,354,011‌
FuelCell
Energy,
Inc.
(a)
(b)
................
504,428
18,164,452‌
GrafTech
International
Ltd.
(a)
(b)
............
62,456
369,115‌
Hyliion
Holdings
Corp.
(a)
(b)
...............
1,156,178
6,023,688‌
LSI
Industries,
Inc.
....................
57,466
1,527,446‌
NANO
Nuclear
Energy,
Inc.
(a)
(b)
............
402,545
8,509,801‌
Net
Power,
Inc.
,
Class
A
(a)
(b)
..............
355,521
593,720‌
Power
Solutions
International,
Inc.
(a)
(b)
.......
6,943
270,013‌
SES
AI
Corp.
,
Class
A
(a)
(b)
...............
2,171,918
2,085,476‌
Shoals
Technologies
Group,
Inc.
,
Class
A
(a)
(b)
..
96,488
955,231‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
6
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Electrical
Equipment
(continued)
Sunrun,
Inc.
(a)
.......................
2,173,523
$
29,081,738‌
121,486,193‌
Electronic
Equipment,
Instruments
&
Components
—
2.0%
908
Devices,
Inc.
(a)
(b)
...................
259,876
2,260,921‌
Benchmark
Electronics,
Inc.
.............
179,234
17,685,019‌
Crane
NXT
Co.
......................
465,345
23,807,050‌
CTS
Corp.
.........................
70,107
4,570,275‌
ePlus,
Inc.
.........................
251,110
20,899,885‌
Forward
Industries,
Inc.
(a)
(b)
..............
597,561
2,521,708‌
Insight
Enterprises,
Inc.
(a)
...............
269,691
32,848,364‌
Itron,
Inc.
(a)
.........................
414,521
35,868,502‌
Kimball
Electronics,
Inc.
(a)
(b)
..............
224,171
5,738,778‌
Knowles
Corp.
(a)
.....................
50,556
2,097,063‌
Methode
Electronics,
Inc.
...............
318,031
6,033,048‌
Mirion
Technologies,
Inc.
,
Class
A
(a)
(b)
.......
298,786
5,357,233‌
Motomova,
Inc.
(a)
(c)
....................
19,086
—‌
PC
Connection,
Inc.
...................
111,019
8,103,277‌
Powerfleet,
Inc.
(a)
(b)
....................
1,206,432
4,620,635‌
Richardson
Electronics
Ltd.
..............
117,313
2,230,120‌
Rogers
Corp.
(a)
......................
168,473
27,584,084‌
ScanSource,
Inc.
(a)
(b)
...................
212,704
11,079,751‌
SmartRent,
Inc.
,
Class
A
(a)
(b)
..............
1,536,423
1,828,343‌
Vishay
Intertechnology,
Inc.
..............
1,146,425
61,654,737‌
Vishay
Precision
Group,
Inc.
(a)
(b)
...........
50,976
7,641,812‌
284,430,605‌
Energy
Equipment
&
Services
—
1.7%
Atlas
Energy
Solutions,
Inc.
..............
775,433
12,879,942‌
Borr
Drilling
Ltd.
(a)
(b)
...................
515,790
2,130,213‌
Bristow
Group,
Inc.
,
Class
A
.............
248,139
10,253,104‌
Core
Laboratories,
Inc.
.................
438,832
5,112,393‌
Expro
Group
Holdings
NV
(a)
(b)
.............
766,959
11,327,984‌
Forum
Energy
Technologies,
Inc.
(a)
(b)
........
57,838
2,905,203‌
Helix
Energy
Solutions
Group,
Inc.
(a)
........
983,184
8,593,028‌
Helmerich
&
Payne,
Inc.
................
625,004
20,462,631‌
HMH
Holding,
Inc.
,
Class
A
(a)
.............
92,242
1,728,615‌
Innovex
International,
Inc.
(a)
..............
360,249
8,934,175‌
Liberty
Energy,
Inc.
,
Class
A
.............
140,130
3,670,005‌
Nabors
Industries
Ltd.
(a)
(b)
...............
133,424
11,208,950‌
Natural
Gas
Services
Group,
Inc.
..........
18,329
790,713‌
Noble
Corp.
plc
......................
79,524
2,966,245‌
Oceaneering
International,
Inc.
(a)
(b)
.........
80,517
3,262,549‌
Oil
States
International,
Inc.
(a)
(b)
...........
520,048
4,165,585‌
Patterson-UTI
Energy,
Inc.
..............
3,286,047
30,165,911‌
ProFrac
Holding
Corp.
,
Class
A
(a)
(b)
.........
262,065
1,522,598‌
Ranger
Energy
Services,
Inc.
,
Class
A
.......
176,611
2,827,542‌
RPC,
Inc.
..........................
944,128
5,504,266‌
SEACOR
Marine
Holdings,
Inc.
(a)
(b)
.........
189,777
1,451,794‌
Seadrill
Ltd.
(a)
.......................
589,109
22,280,102‌
Smart
Sand,
Inc.
.....................
244,150
1,223,192‌
Transocean
Ltd.
(a)
(b)
...................
9,190,524
44,941,662‌
Valaris
Ltd.
(a)
........................
444,164
32,246,306‌
252,554,708‌
Entertainment
—
0.4%
AMC
Entertainment
Holdings,
Inc.
,
Class
A
(a)
(b)
.
5,788,520
10,998,188‌
CuriosityStream,
Inc.
,
Class
A
............
50,630
134,676‌
Marcus
Corp.
(The)
...................
91,472
2,145,933‌
Playtika
Holding
Corp.
.................
425,686
1,583,552‌
Reservoir
Media,
Inc.
(a)
.................
174,071
1,721,562‌
Sphere
Entertainment
Co.
,
Class
A
(a)
(b)
.......
258,232
44,681,883‌
Starz
Entertainment
Corp.
(a)
(b)
.............
108,314
3,125,942‌
64,391,736‌
Security
Shares
Shares
Value
Financial
Services
—
2.9%
Acacia
Research
Corp.
(a)
(b)
...............
321,955
$
1,500,310‌
Alerus
Financial
Corp.
.................
233,092
7,249,161‌
Bladex,
Inc.
,
Class
E
..................
255,979
15,735,029‌
Burford
Capital
Ltd.
...................
687,658
2,819,398‌
Cannae
Holdings,
Inc.
.................
388,624
5,596,186‌
Cass
Information
Systems,
Inc.
...........
13,390
687,175‌
Compass
Diversified
Holdings
(a)
...........
359,011
3,827,057‌
Enact
Holdings,
Inc.
...................
270,557
12,367,160‌
Essent
Group
Ltd.
....................
855,928
55,019,052‌
Federal
Agricultural
Mortgage
Corp.
,
Class
C,
NVS
...........................
80,478
16,036,851‌
Finance
of
America
Cos.,
Inc.
,
Class
A
(a)
(b)
....
44,176
1,215,724‌
Flywire
Corp.
(a)
(b)
.....................
81,821
1,437,595‌
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc.
......................
1,209,506
47,231,209‌
Jackson
Financial,
Inc.
,
Class
A
...........
575,203
58,895,035‌
loanDepot,
Inc.
,
Class
A
(a)
(b)
..............
1,163,183
1,453,979‌
Merchants
Bancorp
...................
161,370
8,068,500‌
NewtekOne,
Inc.
.....................
268,267
3,973,034‌
NMI
Holdings,
Inc.
,
Class
A
(a)
.............
729,055
29,956,870‌
Onity
Group,
Inc.
(a)
....................
68,561
2,725,300‌
Pagseguro
Digital
Ltd.
,
Class
A
...........
1,578,592
14,286,258‌
Paysafe
Ltd.
(a)
(b)
......................
231,461
1,729,014‌
PennyMac
Financial
Services,
Inc.
.........
282,199
24,579,533‌
Priority
Technology
Holdings,
Inc.
(a)
.........
33,360
222,511‌
Radian
Group,
Inc.
....................
1,285,065
48,408,399‌
Repay
Holdings
Corp.
,
Class
A
(a)
(b)
.........
633,077
2,658,923‌
Security
National
Financial
Corp.
,
Class
A
(a)
(b)
..
176,468
1,709,975‌
StoneCo
Ltd.
,
Class
A
..................
1,921,353
20,827,466‌
Velocity
Financial,
Inc.
(a)
(b)
...............
127,911
2,361,237‌
Walker
&
Dunlop,
Inc.
..................
323,744
17,708,797‌
Waterstone
Financial,
Inc.
...............
160,181
3,320,552‌
413,607,290‌
Food
Products
—
0.9%
Alico,
Inc.
(b)
.........................
38,740
1,602,674‌
B&G
Foods,
Inc.
.....................
743,815
2,960,384‌
BRC,
Inc.
,
Class
A
(a)
...................
662,053
734,879‌
Cal-Maine
Foods,
Inc.
..................
408,127
32,878,711‌
Del
Monte
Corp.
.....................
313,730
8,756,204‌
Dole
plc
...........................
764,460
10,488,391‌
Flowers
Foods,
Inc.
...................
1,778,531
14,050,395‌
J
&
J
Snack
Foods
Corp.
................
143,878
10,567,839‌
John
B
Sanfilippo
&
Son,
Inc.
.............
67,780
5,828,402‌
Limoneira
Co.
.......................
167,745
2,202,492‌
Marzetti
Co.
(The)
....................
14,447
1,649,270‌
Mission
Produce,
Inc.
(a)
(b)
................
530,858
6,258,816‌
Once
Upon
a
Farm
PBC
(a)
(b)
..............
117,201
2,400,276‌
Seneca
Foods
Corp.
,
Class
A
(a)
(b)
..........
42,118
7,326,005‌
Simply
Good
Foods
Co.
(The)
(a)
...........
758,344
10,070,808‌
Utz
Brands,
Inc.
,
Class
A
................
677,294
5,215,164‌
Vital
Farms,
Inc.
(a)
....................
324,446
3,773,307‌
Westrock
Coffee
Co.
(a)
.................
16,301
132,201‌
126,896,218‌
Gas
Utilities
—
2.1%
Brookfield
Infrastructure
Corp.
,
Class
A
......
1,166,353
44,904,591‌
Chesapeake
Utilities
Corp.
..............
227,730
27,892,370‌
New
Jersey
Resources
Corp.
.............
960,221
53,810,785‌
Northwest
Natural
Holding
Co.
............
402,527
19,747,975‌
ONE
Gas,
Inc.
.......................
599,629
46,213,407‌
RGC
Resources,
Inc.
..................
74,258
1,774,766‌
Southwest
Gas
Holdings,
Inc.
............
690,101
61,198,157‌
Spire,
Inc.
..........................
549,070
42,876,876‌
298,418,927‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
7
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Ground
Transportation
—
0.7%
ArcBest
Corp.
.......................
78,317
$
11,241,622‌
Covenant
Logistics
Group,
Inc.
,
Class
A
(b)
....
19,967
882,142‌
Heartland
Express,
Inc.
.................
366,931
5,584,690‌
Hertz
Global
Holdings,
Inc.
(a)
(b)
............
1,124,916
2,547,935‌
Marten
Transport
Ltd.
..................
560,860
9,730,921‌
PAMT
Corp.
(a)
(b)
......................
47,767
669,216‌
Proficient
Auto
Logistics,
Inc.
(a)
(b)
...........
228,187
1,553,953‌
RXO,
Inc.
(a)
(b)
........................
1,482,530
40,903,003‌
Universal
Logistics
Holdings,
Inc.
..........
61,537
910,748‌
Werner
Enterprises,
Inc.
................
478,866
20,883,346‌
94,907,576‌
Health
Care
Equipment
&
Supplies
—
2.1%
Accuray,
Inc.
(a)
.......................
10,522
2,713‌
Acme
United
Corp.
(b)
..................
30,237
1,442,910‌
AngioDynamics,
Inc.
(a)
.................
259,345
3,374,078‌
Anteris
Technologies
Global
Corp.
(a)
(b)
.......
749,544
7,383,008‌
Avanos
Medical,
Inc.
(a)
.................
418,483
10,411,857‌
Beta
Bionics,
Inc.
(a)
(b)
..................
375,841
5,889,429‌
Carlsmed,
Inc.
(a)
(b)
....................
41,449
430,241‌
CONMED
Corp.
......................
277,674
9,088,270‌
Delcath
Systems,
Inc.
(a)
.................
228,234
2,873,466‌
DENTSPLY
SIRONA,
Inc.
...............
1,903,075
20,191,626‌
Embecta
Corp.
......................
535,689
1,746,346‌
Enovis
Corp.
(a)
(b)
......................
523,562
10,837,733‌
Haemonetics
Corp.
(a)
(b)
.................
24,298
1,822,350‌
ICU
Medical,
Inc.
(a)
....................
229,769
33,684,135‌
Inogen,
Inc.
(a)
(b)
......................
217,747
1,404,468‌
Inspire
Medical
Systems,
Inc.
(a)
(b)
..........
30,030
1,339,638‌
Integer
Holdings
Corp.
(a)
................
318,965
29,807,279‌
Integra
LifeSciences
Holdings
Corp.
(a)
.......
633,007
11,368,806‌
LivaNova
plc
(a)
(b)
......................
411,830
33,864,781‌
Merit
Medical
Systems,
Inc.
(a)
.............
497,255
34,479,662‌
MiniMed
Group,
Inc.
(a)
(b)
.................
266,816
3,988,899‌
Neogen
Corp.
(a)
......................
2,051,214
18,440,414‌
Novocure
Ltd.
(a)
......................
74,208
1,124,251‌
Omnicell,
Inc.
(a)
......................
425,411
17,663,065‌
OraSure
Technologies,
Inc.
(a)
.............
597,031
2,662,758‌
Orthofix
Medical,
Inc.
(a)
.................
346,685
3,168,701‌
OrthoPediatrics
Corp.
(a)
(b)
................
117,121
2,240,525‌
QuidelOrtho
Corp.
(a)
(b)
..................
633,737
11,099,904‌
RxSight,
Inc.
(a)
(b)
......................
333,223
1,606,135‌
Shoulder
Innovations,
Inc.
(a)
(b)
.............
87,235
1,769,126‌
STAAR
Surgical
Co.
(a)
(b)
.................
32,778
940,401‌
Strive,
Inc.
,
Class
A
(a)
(b)
.................
610,685
6,662,573‌
Tactile
Systems
Technology,
Inc.
(a)
(b)
........
31,300
932,114‌
Utah
Medical
Products,
Inc.
..............
28,231
1,947,374‌
Varex
Imaging
Corp.
(a)
.................
399,098
4,162,592‌
299,851,628‌
Health
Care
Providers
&
Services
—
1.5%
Acadia
Healthcare
Co.,
Inc.
(a)
(b)
............
867,595
25,620,080‌
Accendra
Health,
Inc.
(a)
(b)
................
666,394
2,279,067‌
AdaptHealth
Corp.
,
Class
A
(a)
.............
954,733
9,948,318‌
Addus
HomeCare
Corp.
(a)
(b)
..............
170,355
17,115,567‌
AirSculpt
Technologies,
Inc.
(a)
(b)
...........
41,289
185,801‌
AMN
Healthcare
Services,
Inc.
(a)
...........
366,035
11,848,553‌
Ardent
Health,
Inc.
(a)
(b)
..................
229,216
2,255,485‌
Aveanna
Healthcare
Holdings,
Inc.
(a)
(b)
.......
124,934
1,070,684‌
Brookdale
Senior
Living,
Inc.
(a)
(b)
...........
2,225,859
35,814,071‌
Castle
Biosciences,
Inc.
(a)
...............
276,777
6,601,131‌
Community
Health
Systems,
Inc.
(a)
(b)
........
1,222,190
4,082,115‌
Cross
Country
Healthcare,
Inc.
(a)
..........
291,267
3,847,637‌
Fulgent
Genetics,
Inc.
(a)
(b)
...............
177,473
3,641,746‌
Lumexa
Imaging
Holdings,
Inc.
(a)
(b)
.........
166,434
1,877,376‌
Security
Shares
Shares
Value
Health
Care
Providers
&
Services
(continued)
National
HealthCare
Corp.
...............
84,360
$
17,830,330‌
NeoGenomics,
Inc.
(a)
(b)
.................
1,105,920
16,135,373‌
Oncology
Institute,
Inc.
(The)
(a)
............
149,535
811,975‌
OPKO
Health,
Inc.
(a)
(b)
..................
3,801,700
5,702,550‌
Option
Care
Health,
Inc.
(a)
...............
270,881
5,680,375‌
Pediatrix
Medical
Group,
Inc.
(a)
(b)
...........
770,830
19,525,124‌
SBC
Medical
Group
Holdings,
Inc.
(a)
(b)
.......
171,367
527,810‌
Sonida
Senior
Living,
Inc.
(a)
(b)
.............
267,976
10,933,421‌
Strata
Critical
Medical,
Inc.
(a)
(b)
............
635,580
3,349,507‌
Surgery
Partners,
Inc.
(a)
(b)
...............
733,210
12,317,928‌
US
Physical
Therapy,
Inc.
...............
46,215
3,174,046‌
222,176,070‌
Health
Care
REITs
—
1.5%
CareTrust
REIT,
Inc.
...................
2,114,219
85,308,737‌
Chiron
Real
Estate,
Inc.
................
119,650
4,489,268‌
Community
Healthcare
Trust,
Inc.
..........
255,988
4,679,461‌
Diversified
Healthcare
Trust
..............
2,075,896
19,305,833‌
LTC
Properties,
Inc.
...................
469,500
18,052,275‌
National
Health
Investors,
Inc.
............
456,155
34,786,380‌
National
Healthcare
Properties,
Inc.
(a)
.......
424,930
6,225,224‌
Sabra
Health
Care
REIT,
Inc.
.............
2,397,803
46,781,136‌
Strawberry
Fields
REIT,
Inc.
.............
9,792
134,640‌
Universal
Health
Realty
Income
Trust
.......
12,317
540,224‌
220,303,178‌
Health
Care
Technology
—
0.4%
Certara,
Inc.
(a)
(b)
......................
1,093,076
7,159,648‌
Claritev
Corp.
,
Class
A
(a)
................
67,391
2,298,707‌
Evolent
Health,
Inc.
,
Class
A
(a)
(b)
...........
683,316
3,703,573‌
HealthStream,
Inc.
....................
222,239
6,056,013‌
LifeMD,
Inc.
(a)
(b)
......................
81,654
337,231‌
Phreesia,
Inc.
(a)
......................
91,431
940,825‌
Simulations
Plus,
Inc.
(a)
.................
43,784
801,685‌
Teladoc
Health,
Inc.
(a)
(b)
.................
1,695,856
14,380,859‌
TruBridge,
Inc.
(a)
.....................
96,859
2,538,674‌
Waystar
Holding
Corp.
(a)
(b)
...............
1,046,206
21,478,609‌
59,695,824‌
Hotel
&
Resort
REITs
—
1.0%
Apple
Hospitality
REIT,
Inc.
..............
2,077,516
34,923,044‌
Braemar
Hotels
&
Resorts,
Inc.
...........
607,965
1,313,205‌
Chatham
Lodging
Trust
.................
405,693
5,367,318‌
DiamondRock
Hospitality
Co.
.............
719,703
8,765,983‌
Park
Hotels
&
Resorts,
Inc.
..............
1,759,713
25,075,910‌
Pebblebrook
Hotel
Trust
................
978,230
18,987,444‌
RLJ
Lodging
Trust
....................
1,169,100
13,853,835‌
Service
Properties
Trust
................
5,424,877
9,168,042‌
Summit
Hotel
Properties,
Inc.
.............
966,426
6,774,646‌
Sunstone
Hotel
Investors,
Inc.
............
671,371
7,687,198‌
Xenia
Hotels
&
Resorts,
Inc.
.............
740,984
15,086,434‌
147,003,059‌
Hotels,
Restaurants
&
Leisure
—
1.6%
Bally's
Corp.
(a)
(b)
......................
87,216
1,195,731‌
Biglari
Holdings,
Inc.
,
Class
A
(a)
(b)
..........
527
1,109,166‌
Biglari
Holdings,
Inc.
,
Class
B,
NVS
(a)
(b)
......
6,481
2,761,101‌
BJ's
Restaurants,
Inc.
(a)
(b)
...............
53,132
3,226,972‌
Bloomin'
Brands,
Inc.
..................
806,580
7,372,141‌
Brightstar
Lottery
plc
..................
725,377
7,776,041‌
Cracker
Barrel
Old
Country
Store,
Inc.
.......
211,720
11,284,676‌
Dine
Brands
Global,
Inc.
(b)
...............
100,194
3,596,965‌
El
Pollo
Loco
Holdings,
Inc.
(a)
.............
261,049
4,427,391‌
First
Watch
Restaurant
Group,
Inc.
(a)
........
563,659
7,265,565‌
Genius
Sports
Ltd.
(a)
(b)
..................
1,729,766
10,482,382‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
8
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Hotels,
Restaurants
&
Leisure
(continued)
Global
Business
Travel
Group
I
(a)
(b)
.........
1,105,009
$
10,376,035‌
Inspired
Entertainment,
Inc.
(a)
.............
22,374
184,585‌
Jack
in
the
Box,
Inc.
(a)
(b)
.................
146,826
2,321,319‌
Krispy
Kreme,
Inc.
(a)
...................
747,468
2,638,562‌
Life
Time
Group
Holdings,
Inc.
(a)
...........
1,286,352
52,534,616‌
Marriott
Vacations
Worldwide
Corp.
.........
263,309
26,825,921‌
Nathan's
Famous,
Inc.
.................
13,377
1,359,103‌
Papa
John's
International,
Inc.
............
283,924
10,439,885‌
Penn
Entertainment,
Inc.
(a)
...............
1,201,619
25,666,582‌
Portillo's,
Inc.
,
Class
A
(a)
(b)
...............
573,547
2,718,613‌
Pursuit
Attractions
&
Hospitality,
Inc.
(a)
.......
188,928
10,574,300‌
RCI
Hospitality
Holdings,
Inc.
.............
62,847
1,716,980‌
Sabre
Corp.
(a)
(b)
......................
2,346,108
4,903,366‌
Serve
Robotics,
Inc.
(a)
(b)
.................
485,724
3,196,064‌
Sharplink,
Inc.
(a)
(b)
.....................
1,789,401
8,589,125‌
Sweetgreen,
Inc.
,
Class
A
(a)
(b)
.............
397,898
3,505,481‌
Target
Hospitality
Corp.
(a)
(b)
..............
99,364
2,023,051‌
Venu
Holding
Corp.
(a)
..................
411,121
933,245‌
Wendy's
Co.
(The)
(b)
...................
66,986
555,314‌
231,560,278‌
Household
Durables
—
2.5%
Beazer
Homes
USA,
Inc.
(a)
..............
225,540
6,326,397‌
Century
Communities,
Inc.
..............
240,315
17,220,973‌
Champion
Homes,
Inc.
(a)
................
293,447
25,858,550‌
Cricut,
Inc.
,
Class
A
...................
570,854
2,506,049‌
Dream
Finders
Homes,
Inc.
,
Class
A
(a)
(b)
......
242,618
4,187,587‌
Ethan
Allen
Interiors,
Inc.
...............
223,627
4,995,827‌
Flexsteel
Industries,
Inc.
................
29,157
2,171,613‌
Green
Brick
Partners,
Inc.
(a)
..............
285,058
22,816,042‌
Hamilton
Beach
Brands
Holding
Co.
,
Class
A
..
66,050
1,521,131‌
Helen
of
Troy
Ltd.
(a)
(b)
..................
214,743
6,242,579‌
Hovnanian
Enterprises,
Inc.
,
Class
A
(a)
.......
43,882
6,249,236‌
KB
Home
..........................
574,659
35,967,907‌
La-Z-Boy,
Inc.
.......................
380,069
15,248,368‌
Legacy
Housing
Corp.
(a)
(b)
...............
70,319
1,847,280‌
Leggett
&
Platt,
Inc.
...................
1,285,652
15,054,985‌
LGI
Homes,
Inc.
(a)
....................
190,589
12,136,708‌
Lifetime
Brands,
Inc.
...................
105,525
900,128‌
Lovesac
Co.
(The)
(a)
(b)
..................
38,645
644,985‌
M/I
Homes,
Inc.
(a)
.....................
240,907
38,735,437‌
Meritage
Homes
Corp.
.................
620,812
52,055,086‌
Newell
Brands,
Inc.
...................
4,008,551
24,612,503‌
Sonos,
Inc.
(a)
(b)
.......................
58,128
786,472‌
Taylor
Morrison
Home
Corp.
,
Class
A
(a)
......
878,466
63,021,151‌
XMAX,
Inc.
(a)
(b)
.......................
54,568
496,023‌
361,603,017‌
Household
Products
—
0.3%
Central
Garden
&
Pet
Co.
(a)
..............
78,108
3,463,309‌
Central
Garden
&
Pet
Co.
,
Class
A,
NVS
(a)
....
471,668
18,286,568‌
Energizer
Holdings,
Inc.
................
102,166
2,190,439‌
Oil-Dri
Corp.
of
America
................
15,187
1,552,263‌
Spectrum
Brands
Holdings,
Inc.
...........
212,806
18,248,115‌
43,740,694‌
Independent
Power
and
Renewable
Electricity
Producers
—
0.4%
Montauk
Renewables,
Inc.
(a)
(b)
............
482,198
752,229‌
Ormat
Technologies,
Inc.
................
535,716
58,339,472‌
59,091,701‌
Industrial
Conglomerates
—
0.1%
Brookfield
Business
Corp.
,
Class
A
(b)
........
396,290
11,829,257‌
Industrial
REITs
—
0.8%
Industrial
Logistics
Properties
Trust
.........
530,190
4,702,785‌
Innovative
Industrial
Properties,
Inc.
........
271,260
16,812,695‌
Security
Shares
Shares
Value
Industrial
REITs
(continued)
LXP
Industrial
Trust
...................
556,937
$
30,007,766‌
One
Liberty
Properties,
Inc.
..............
181,496
4,432,132‌
Terreno
Realty
Corp.
..................
997,010
64,576,338‌
120,531,716‌
Insurance
—
2.8%
Abacus
Global
Management,
Inc.
..........
97,262
1,041,676‌
Accelerant
Holdings
,
Class
A
(a)
(b)
...........
47,834
560,615‌
American
Coastal
Insurance
Corp.
.........
287,558
3,191,894‌
American
Integrity
Insurance
Group,
Inc.
.....
121,540
2,288,598‌
AMERISAFE,
Inc.
....................
192,211
6,502,498‌
Ategrity
Specialty
Holdings
LLC
(a)
..........
91,340
2,195,814‌
Bowhead
Specialty
Holdings,
Inc.
(a)
(b)
........
174,170
5,212,908‌
Citizens,
Inc.
,
Class
A
(a)
(b)
...............
465,735
2,673,319‌
CNO
Financial
Group,
Inc.
...............
874,779
44,596,233‌
Crawford
&
Co.
,
Class
A,
NVS
............
83,522
941,293‌
Donegal
Group,
Inc.
,
Class
A
.............
196,524
3,706,443‌
Employers
Holdings,
Inc.
................
159,350
8,043,988‌
F&G
Annuities
&
Life,
Inc.
...............
297,597
7,913,104‌
Genworth
Financial,
Inc.
,
Class
A
(a)
.........
3,345,176
31,678,817‌
Goosehead
Insurance,
Inc.
,
Class
A
(a)
.......
195,966
9,504,351‌
Greenlight
Capital
Re
Ltd.
,
Class
A
(a)
........
260,074
4,207,997‌
Hamilton
Insurance
Group
Ltd.
,
Class
B
.....
452,038
15,342,170‌
HCI
Group,
Inc.
......................
105,895
18,558,099‌
Heritage
Insurance
Holdings,
Inc.
(a)
.........
232,378
6,060,418‌
Hippo
Holdings,
Inc.
(a)
..................
192,340
5,435,528‌
Horace
Mann
Educators
Corp.
............
353,091
18,237,150‌
Investors
Title
Co.
....................
14,243
3,898,024‌
James
River
Group
Holdings,
Inc.
(b)
........
428,735
1,886,434‌
Kemper
Corp.
.......................
444,251
11,977,007‌
Kestrel
Group
Ltd.
(a)
...................
640
5,760‌
Kingstone
Cos.,
Inc.
...................
106,005
2,017,275‌
MBIA,
Inc.
(a)
........................
458,595
2,990,039‌
Mercury
General
Corp.
.................
235,198
25,076,811‌
Neptune
Insurance
Holdings,
Inc.
,
Class
A
(a)
(b)
..
254,978
8,031,807‌
NI
Holdings,
Inc.
(a)
(b)
...................
80,398
1,263,053‌
Octave
Specialty
Group,
Inc.
(a)
............
369,171
2,303,627‌
Pelagos
Insurance
Capital
Ltd.
............
204,147
4,970,979‌
Safety
Insurance
Group,
Inc.
.............
137,047
10,259,338‌
Selective
Insurance
Group,
Inc.
...........
571,849
55,475,072‌
SiriusPoint
Ltd.
(a)
(b)
....................
679,229
16,301,496‌
Skyward
Specialty
Insurance
Group,
Inc.
(a)
(b)
...
140,539
8,200,451‌
Slide
Insurance
Holdings,
Inc.
(a)
(b)
..........
625,523
12,116,381‌
Stewart
Information
Services
Corp.
.........
294,047
19,412,983‌
Tiptree,
Inc.
,
Class
A
..................
235,648
4,222,812‌
United
Fire
Group,
Inc.
.................
205,778
10,790,998‌
Universal
Insurance
Holdings,
Inc.
.........
240,161
9,933,059‌
409,026,319‌
Interactive
Media
&
Services
—
0.6%
Angi,
Inc.
,
Class
A
(a)
(b)
..................
299,782
1,783,703‌
Bumble,
Inc.
,
Class
A
(a)
(b)
................
909,335
2,909,872‌
Cars.com,
Inc.
(a)
(b)
....................
422,687
4,624,196‌
EverQuote,
Inc.
,
Class
A
(a)
...............
257,221
6,119,288‌
fuboTV,
Inc.
,
Class
A
(a)
(b)
................
244,899
2,253,071‌
Nextdoor
Holdings,
Inc.
(a)
...............
2,162,505
4,908,886‌
Shutterstock,
Inc.
.....................
249,073
3,474,568‌
Taboola.com
Ltd.
(a)
....................
1,195,017
5,975,085‌
Teads
Holding
Co.
(a)
...................
56,456
43,296‌
TripAdvisor,
Inc.
(a)
(b)
...................
498,832
6,838,987‌
Trump
Media
&
Technology
Group
Corp.
(a)
(b)
...
1,510,180
11,688,793‌
Webtoon
Entertainment,
Inc.
(a)
(b)
...........
201,289
2,298,721‌
Yelp,
Inc.
,
Class
A
(a)
...................
298,635
7,322,530‌
Ziff
Davis,
Inc.
(a)
(b)
.....................
324,511
16,994,641‌
ZipRecruiter,
Inc.
,
Class
A
(a)
..............
612,969
2,298,634‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
9
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Interactive
Media
&
Services
(continued)
ZoomInfo
Technologies,
Inc.
,
Class
A
(a)
......
2,276,338
$
6,669,670‌
86,203,941‌
IT
Services
—
0.4%
BigBear.ai
Holdings,
Inc.
(a)
(b)
..............
3,471,622
12,740,853‌
CSP,
Inc.
..........................
573
4,550‌
DXC
Technology
Co.
(a)
.................
1,668,023
14,762,003‌
Everforth,
Inc.
(a)
(b)
.....................
379,197
6,776,250‌
Globant
SA
(a)
(b)
......................
400,329
11,585,521‌
Grid
Dynamics
Holdings,
Inc.
,
Class
A
(a)
(b)
....
594,716
3,377,987‌
Information
Services
Group,
Inc.
...........
373,581
1,535,418‌
Rackspace
Technology,
Inc.
(a)
(b)
...........
628,591
4,104,699‌
Tucows,
Inc.
,
Class
A
(a)
(b)
................
52,065
701,316‌
Unisys
Corp.
(a)
.......................
633,054
2,316,978‌
Whitefiber,
Inc.
(a)
(b)
....................
105,748
4,108,310‌
62,013,885‌
Leisure
Products
—
0.5%
American
Outdoor
Brands,
Inc.
(a)
..........
7,153
83,976‌
Callaway
Golf
Co.
(a)
...................
1,317,085
24,748,027‌
Escalade,
Inc.
.......................
80,972
1,520,654‌
Funko,
Inc.
,
Class
A
(a)
(b)
.................
400,987
2,357,804‌
JAKKS
Pacific,
Inc.
...................
88,680
2,064,470‌
Johnson
Outdoors,
Inc.
,
Class
A
...........
59,067
2,719,445‌
Latham
Group,
Inc.
(a)
(b)
.................
474,656
3,071,024‌
Malibu
Boats,
Inc.
,
Class
A
(a)
(b)
............
188,987
5,183,913‌
MasterCraft
Boat
Holdings,
Inc.
(a)
(b)
.........
152,553
3,938,918‌
Peloton
Interactive,
Inc.
,
Class
A
(a)
(b)
........
2,364,506
13,974,231‌
Smith
&
Wesson
Brands,
Inc.
.............
414,793
6,238,487‌
Sturm
Ruger
&
Co.,
Inc.
................
130,994
4,958,123‌
Tron,
Inc.
(a)
.........................
585,113
942,032‌
71,801,104‌
Life
Sciences
Tools
&
Services
—
0.5%
(a)
Alamar
Biosciences,
Inc.
(b)
...............
35,715
967,519‌
Alpha
Teknova,
Inc.
...................
79,204
449,879‌
Azenta,
Inc.
(b)
.......................
391,715
9,996,567‌
BioLife
Solutions,
Inc.
..................
320,393
9,047,898‌
Codexis,
Inc.
(b)
.......................
129,219
292,035‌
CryoPort,
Inc.
(b)
......................
456,066
7,160,236‌
Cytek
Biosciences,
Inc.
(b)
................
1,100,354
4,874,568‌
Fortrea
Holdings,
Inc.
..................
896,535
15,599,709‌
Ginkgo
Bioworks
Holdings,
Inc.
,
Class
A
(b)
....
443,478
4,394,867‌
Lifecore
Biomedical,
Inc.
(b)
...............
238,667
1,253,002‌
Maravai
LifeSciences
Holdings,
Inc.
,
Class
A
..
1,012,055
6,315,223‌
Nautilus
Biotechnology,
Inc.
..............
384,773
719,525‌
OmniAb,
Inc.
(b)
.......................
1,014,161
2,494,836‌
OmniAb,
Inc.,
12.50
Earnout
Shares
(c)
.......
52,020
1‌
OmniAb,
Inc.,
15.00
Earnout
Shares
(c)
.......
52,020
1‌
Pacific
Biosciences
of
California,
Inc.
(b)
......
206,865
347,533‌
Personalis,
Inc.
(b)
.....................
625,858
8,386,497‌
Quanterix
Corp.
(b)
.....................
389,378
1,682,113‌
73,982,009‌
Machinery
—
2.8%
3D
Systems
Corp.
(a)
(b)
..................
1,324,607
4,000,313‌
Aebi
Schmidt
Holding
AG
(b)
..............
328,534
4,123,102‌
AirJoule
Technologies
Corp.
,
Class
A
(a)
(b)
.....
287,262
1,591,431‌
Alamo
Group,
Inc.
....................
99,661
16,393,238‌
Albany
International
Corp.
,
Class
A
.........
182,792
13,618,004‌
Astec
Industries,
Inc.
..................
192,976
11,808,201‌
Atmus
Filtration
Technologies,
Inc.
.........
66,652
3,398,586‌
Columbus
McKinnon
Corp.
..............
279,309
4,225,945‌
Commercial
Vehicle
Group,
Inc.
(a)
(b)
.........
324,680
1,500,022‌
Douglas
Dynamics,
Inc.
................
21,626
1,166,723‌
Energy
Recovery,
Inc.
(a)
................
64,015
577,415‌
Security
Shares
Shares
Value
Machinery
(continued)
Enpro,
Inc.
(b)
........................
12,599
$
4,748,941‌
Gencor
Industries,
Inc.
(a)
................
94,214
1,405,673‌
Greenbrier
Cos.,
Inc.
(The)
..............
292,242
14,322,780‌
Helios
Technologies,
Inc.
................
276,979
24,720,376‌
Hillman
Solutions
Corp.
(a)
(b)
..............
1,862,046
15,715,668‌
Hyster-Yale,
Inc.
,
Class
A
...............
114,512
4,014,791‌
JBT
Marel
Corp.
.....................
494,379
71,684,955‌
Kennametal,
Inc.
.....................
370,405
12,982,695‌
L
B
Foster
Co.
,
Class
A
(a)
(b)
..............
89,255
4,031,648‌
Lindsay
Corp.
.......................
95,916
11,874,401‌
Luxfer
Holdings
plc
...................
250,068
4,511,227‌
Manitowoc
Co.,
Inc.
(The)
(a)
(b)
.............
331,582
4,605,674‌
Mayville
Engineering
Co.,
Inc.
(a)
(b)
..........
141,855
5,313,888‌
Microvast
Holdings,
Inc.
(a)
(b)
..............
550,802
644,438‌
Miller
Industries,
Inc.
..................
115,294
5,897,288‌
Palladyne
AI
Corp.
(a)
(b)
..................
249,720
1,518,298‌
Park-Ohio
Holdings
Corp.
...............
92,559
3,558,894‌
Proto
Labs,
Inc.
(a)
.....................
224,333
18,285,383‌
Richtech
Robotics,
Inc.
,
Class
B
(a)
(b)
........
1,790,453
3,777,856‌
Tennant
Co.
........................
167,472
14,660,499‌
Terex
Corp.
.........................
1,070,446
77,489,586‌
Titan
International,
Inc.
(a)
................
543,060
4,186,993‌
Trinity
Industries,
Inc.
..................
366,397
12,670,008‌
Twin
Disc,
Inc.
.......................
107,307
2,489,522‌
Wabash
National
Corp.
.................
377,898
5,101,623‌
Worthington
Enterprises,
Inc.
.............
194,005
10,429,709‌
403,045,794‌
Marine
Transportation
—
0.5%
Costamare
Bulkers
Holdings
Ltd.
(a)
(b)
........
79,335
1,393,122‌
Costamare,
Inc.
......................
417,181
5,848,878‌
Genco
Shipping
&
Trading
Ltd.
............
298,647
7,400,473‌
Matson,
Inc.
........................
283,448
54,487,209‌
Pangaea
Logistics
Solutions
Ltd.
..........
331,706
2,156,089‌
Safe
Bulkers,
Inc.
....................
481,687
3,039,445‌
74,325,216‌
Media
—
0.6%
Advantage
Solutions,
Inc.
,
Class
A
(a)
(b)
.......
41,873
1,810,589‌
AMC
Global
Media,
Inc.
,
Class
A
(a)
.........
289,634
2,890,547‌
Boston
Omaha
Corp.
,
Class
A
(a)
(b)
..........
202,898
2,767,529‌
Cable
One,
Inc.
(a)
.....................
41,935
2,227,168‌
Clear
Channel
Outdoor
Holdings,
Inc.
(a)
......
3,661,041
8,859,719‌
DoubleVerify
Holdings,
Inc.
(a)
.............
234,069
2,537,308‌
EW
Scripps
Co.
(The)
,
Class
A
(a)
(b)
.........
570,631
1,580,648‌
GD
Culture
Group
Ltd.
(a)
................
262
536‌
Gray
Media,
Inc.
.....................
818,893
3,251,005‌
Ibotta,
Inc.
,
Class
A
(a)
..................
28,197
963,210‌
iHeartMedia,
Inc.
,
Class
A
(a)
(b)
.............
1,118,975
4,800,403‌
John
Wiley
&
Sons,
Inc.
,
Class
A
..........
208,882
10,132,866‌
Lee
Enterprises,
Inc.
(a)
(b)
................
51,236
459,075‌
Magnite,
Inc.
(a)
.......................
561,332
10,654,081‌
National
CineMedia,
Inc.
................
677,878
2,575,936‌
Nexxen
International
Ltd.
(a)
(b)
.............
294,776
2,661,827‌
Optimum
Communications,
Inc.
,
Class
A
(a)
....
2,077,976
3,013,065‌
PubMatic,
Inc.
,
Class
A
(a)
(b)
...............
365,576
4,796,357‌
Scholastic
Corp.
.....................
134,928
6,206,688‌
Sinclair,
Inc.
,
Class
A
..................
409,722
5,838,538‌
Stagwell,
Inc.
,
Class
A
(a)
(b)
...............
922,341
6,852,994‌
TechTarget,
Inc.
(a)
(b)
...................
297,604
1,071,374‌
85,951,463‌
Metals
&
Mining
—
1.3%
Alpha
Metallurgical
Resources,
Inc.
(a)
(b)
......
67,820
11,186,231‌
Caledonia
Mining
Corp.
plc
..............
150,318
2,871,074‌
Commercial
Metals
Co.
.................
880,666
55,261,791‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
10
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Metals
&
Mining
(continued)
Elemental
Royalty
Corp.
(b)
...............
322,986
$
5,639,335‌
Ferroglobe
plc
.......................
1,041,505
3,311,986‌
Friedman
Industries,
Inc.
................
60,583
1,949,561‌
Ivanhoe
Electric,
Inc.
(a)
(b)
................
124,511
1,196,551‌
McEwen,
Inc.
(a)
......................
240,620
4,362,441‌
Metallus,
Inc.
(a)
......................
340,008
6,354,749‌
NioCorp
Developments
Ltd.
(a)
(b)
...........
562,226
2,709,929‌
Ryerson
Holding
Corp.
.................
426,356
10,492,621‌
SSR
Mining,
Inc.
(a)
(b)
...................
1,894,920
53,588,338‌
SunCoke
Energy,
Inc.
..................
791,502
6,371,591‌
Tredegar
Corp.
(a)
.....................
247,856
1,972,934‌
Warrior
Met
Coal,
Inc.
..................
64,939
5,270,449‌
Worthington
Steel,
Inc.
.................
313,065
10,512,723‌
183,052,304‌
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
1.6%
ACRES
Commercial
Realty
Corp.
(a)
(b)
.......
48,922
870,322‌
Adamas
Trust,
Inc.
....................
803,237
7,534,363‌
Angel
Oak
Mortgage
REIT,
Inc.
...........
128,357
1,165,482‌
Apollo
Commercial
Real
Estate
Finance,
Inc.
..
1,256,354
13,417,861‌
Arbor
Realty
Trust,
Inc.
.................
1,636,892
8,871,955‌
Ares
Commercial
Real
Estate
Corp.
,
Class
C
..
506,472
2,279,124‌
ARMOUR
Residential
REIT,
Inc.
...........
1,187,840
20,727,808‌
Blackstone
Mortgage
Trust,
Inc.
,
Class
A
.....
1,538,578
26,078,897‌
BrightSpire
Capital,
Inc.
,
Class
A
..........
1,132,371
6,171,422‌
Chicago
Atlantic
Real
Estate
Finance,
Inc.
....
199,575
2,139,444‌
Chimera
Investment
Corp.
...............
798,067
10,646,214‌
Claros
Mortgage
Trust,
Inc.
(a)
.............
813,598
1,911,955‌
Dynex
Capital,
Inc.
....................
2,038,065
26,719,032‌
Ellington
Financial,
Inc.
.................
1,149,269
15,641,551‌
Franklin
BSP
Realty
Trust,
Inc.
............
744,368
6,059,155‌
Invesco
Mortgage
Capital,
Inc.
............
834,319
6,591,120‌
KKR
Real
Estate
Finance
Trust,
Inc.
........
474,195
3,243,494‌
Ladder
Capital
Corp.
,
Class
A
............
1,060,394
10,550,920‌
Lument
Finance
Trust,
Inc.
..............
7,815
7,190‌
MFA
Financial,
Inc.
....................
735,921
7,131,074‌
Nexpoint
Real
Estate
Finance,
Inc.
.........
75,406
1,168,793‌
Orchid
Island
Capital,
Inc.
(b)
..............
1,920,249
13,384,136‌
PennyMac
Mortgage
Investment
Trust
.......
724,978
8,177,752‌
Ready
Capital
Corp.
...................
1,227,313
2,147,798‌
Redwood
Trust,
Inc.
...................
1,173,397
5,561,902‌
Seven
Hills
Realty
Trust
................
284,939
2,402,036‌
TPG
Mortgage
Investment
Trust,
Inc.
.......
274,570
2,174,594‌
TPG
RE
Finance
Trust,
Inc.
..............
660,910
5,531,817‌
Two
Harbors
Investment
Corp.
............
991,422
12,303,547‌
230,610,758‌
Multi-Utilities
—
0.9%
Avista
Corp.
........................
791,850
32,394,584‌
Black
Hills
Corp.
.....................
725,521
53,978,762‌
Northwestern
Energy
Group,
Inc.
..........
587,653
42,087,708‌
Unitil
Corp.
.........................
165,420
8,715,980‌
137,177,034‌
Office
REITs
—
1.2%
Brandywine
Realty
Trust
................
1,672,595
5,302,126‌
COPT
Defense
Properties
...............
1,091,179
39,708,004‌
Douglas
Emmett,
Inc.
..................
1,342,671
15,843,518‌
Easterly
Government
Properties,
Inc.
,
Class
A
.
428,467
10,681,682‌
Empire
State
Realty
Trust,
Inc.
,
Class
A
......
1,266,823
6,853,512‌
Highwoods
Properties,
Inc.
..............
1,038,609
31,324,447‌
Hudson
Pacific
Properties,
Inc.
(a)
..........
496,802
7,546,422‌
JBG
SMITH
Properties
.................
566,765
8,314,443‌
NET
Lease
Office
Properties
.............
150,840
1,678,849‌
Orion
Properties,
Inc.
..................
498,839
1,441,645‌
Piedmont
Realty
Trust,
Inc.
,
Class
A
(a)
.......
1,174,279
10,744,653‌
Security
Shares
Shares
Value
Office
REITs
(continued)
Postal
Realty
Trust,
Inc.
,
Class
A
..........
248,815
$
6,130,802‌
SL
Green
Realty
Corp.
.................
677,282
35,062,889‌
180,632,992‌
Oil,
Gas
&
Consumable
Fuels
—
4.7%
Aemetis,
Inc.
(a)
(b)
.....................
473,514
776,563‌
American
Resources
Corp.
,
Class
A
(a)
(b)
......
802,760
1,725,934‌
Amplify
Energy
Corp.
(a)
.................
336,306
1,338,498‌
Ardmore
Shipping
Corp.
................
324,633
4,548,108‌
BKV
Corp.
(a)
(b)
.......................
75,594
2,068,252‌
California
Resources
Corp.
..............
690,969
36,531,531‌
Calumet,
Inc.
(a)
......................
165,903
5,975,826‌
Centrus
Energy
Corp.
,
Class
A
(a)
(b)
.........
31,066
5,215,049‌
Clean
Energy
Fuels
Corp.
(a)
..............
1,494,203
3,063,116‌
CNX
Resources
Corp.
(a)
(b)
...............
1,283,523
43,549,935‌
Comstock
Resources,
Inc.
(a)
(b)
............
588,470
8,779,972‌
Comstock,
Inc.
(a)
(b)
....................
652,313
2,713,622‌
Core
Natural
Resources,
Inc.
.............
295,318
23,631,346‌
Crescent
Energy,
Inc.
,
Class
A
............
2,439,362
23,954,535‌
DHT
Holdings,
Inc.
....................
298,439
4,933,197‌
Diversified
Energy
Co.
.................
644,039
8,926,381‌
Dorian
LPG
Ltd.
......................
218,410
7,596,300‌
Encore
Energy
Corp.
(a)
(b)
................
1,621,746
2,124,487‌
Epsilon
Energy
Ltd.
...................
183,306
991,685‌
Evolution
Petroleum
Corp.
...............
35,908
132,141‌
Excelerate
Energy,
Inc.
,
Class
A
...........
213,203
8,099,582‌
FLEX
LNG
Ltd.
......................
251,122
7,046,483‌
FutureFuel
Corp.
(b)
....................
239,582
1,082,911‌
Gevo,
Inc.
(a)
(b)
.......................
1,735,277
2,602,916‌
Golar
LNG
Ltd.
......................
917,413
45,723,864‌
Granite
Ridge
Resources,
Inc.
............
138,873
612,430‌
Green
Plains,
Inc.
(a)
(b)
..................
650,264
10,001,060‌
Gulfport
Energy
Corp.
(a)
(b)
...............
29,931
5,079,291‌
HighPeak
Energy,
Inc.
.................
207,857
1,452,920‌
International
Seaways,
Inc.
..............
390,655
29,920,266‌
Kinetik
Holdings,
Inc.
,
Class
A
............
440,730
21,304,888‌
Kolibri
Global
Energy,
Inc.
(a)
(b)
.............
217,398
1,082,642‌
Kosmos
Energy
Ltd.
(a)
(b)
.................
5,202,472
10,977,216‌
Lightbridge
Corp.
(a)
(b)
...................
254,788
2,239,587‌
Murphy
Oil
Corp.
.....................
1,292,783
42,093,014‌
NACCO
Industries,
Inc.
,
Class
A
...........
36,608
1,832,230‌
Navigator
Holdings
Ltd.
(b)
...............
340,255
6,338,951‌
New
Era
Energy
&
Digital,
Inc.
(a)
...........
730,195
4,658,644‌
NextDecade
Corp.
(a)
...................
1,283,215
9,675,441‌
Nordic
American
Tankers
Ltd.
............
1,889,094
10,465,581‌
Northern
Oil
&
Gas,
Inc.
................
968,991
17,587,187‌
Par
Pacific
Holdings,
Inc.
(a)
..............
317,523
17,806,690‌
PBF
Energy,
Inc.
,
Class
A
...............
923,281
42,027,751‌
Peabody
Energy
Corp.
.................
1,151,255
26,617,016‌
PrimeEnergy
Resources
Corp.
(a)
(b)
..........
3,982
664,556‌
REX
American
Resources
Corp.
(a)
.........
30,433
1,374,050‌
Riley
Exploration
Permian,
Inc.
............
116,138
3,827,908‌
Ring
Energy,
Inc.
(a)
....................
1,739,559
1,878,724‌
SandRidge
Energy,
Inc.
................
295,881
4,053,570‌
Scorpio
Tankers,
Inc.
..................
433,855
30,048,797‌
SFL
Corp.
Ltd.
,
Class
B
................
134,834
1,375,307‌
SM
Energy
Co.
......................
2,156,766
56,291,593‌
Summit
Midstream
Corp.
(a)
..............
73,724
2,099,660‌
Talos
Energy,
Inc.
(a)
...................
1,197,091
15,454,445‌
Teekay
Corp.
Ltd.
....................
523,082
5,230,820‌
Teekay
Tankers
Ltd.
,
Class
A
.............
227,433
14,753,579‌
VAALCO
Energy,
Inc.
..................
853,336
4,334,947‌
Vitesse
Energy,
Inc.
...................
311,439
4,911,393‌
W&T
Offshore,
Inc.
....................
925,236
2,914,493‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
11
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Oil,
Gas
&
Consumable
Fuels
(continued)
World
Kinect
Corp.
....................
420,521
$
13,851,962‌
677,970,843‌
Paper
&
Forest
Products
—
0.1%
Clearwater
Paper
Corp.
(a)
...............
149,288
2,340,836‌
Magnera
Corp.
(a)
.....................
306,052
3,596,111‌
Sylvamo
Corp.
......................
312,406
11,808,947‌
17,745,894‌
Passenger
Airlines
—
0.6%
(a)
Allegiant
Travel
Co.
(b)
..................
185,007
21,756,823‌
flyExclusive,
Inc.
,
Class
A
(b)
..............
169,913
339,826‌
JetBlue
Airways
Corp.
(b)
................
3,201,647
18,345,437‌
Republic
Airways
Holdings,
Inc.
(b)
..........
132,227
2,778,089‌
SkyWest,
Inc.
.......................
376,985
37,445,920‌
Wheels
Up
Experience,
Inc.
,
Class
A
(b)
......
77,381
694,108‌
81,360,203‌
Personal
Care
Products
—
0.4%
BellRing
Brands,
Inc.
(a)
(b)
................
1,089,384
14,096,629‌
Coty,
Inc.
,
Class
A
(a)
(b)
..................
3,169,493
6,846,105‌
Edgewell
Personal
Care
Co.
.............
438,525
11,778,781‌
Herbalife
Ltd.
(a)
(b)
.....................
912,257
11,996,180‌
Honest
Co.,
Inc.
(The)
(a)
(b)
...............
878,606
3,215,698‌
Nature's
Sunshine
Products,
Inc.
(a)
.........
97,481
2,125,086‌
Nu
Skin
Enterprises,
Inc.
,
Class
A
..........
494,062
2,608,647‌
Oddity
Tech
Ltd.
,
Class
A
(a)
..............
306,664
4,639,826‌
Olaplex
Holdings,
Inc.
(a)
(b)
...............
1,317,586
2,701,051‌
USANA
Health
Sciences,
Inc.
(a)
(b)
..........
94,913
2,026,393‌
62,034,396‌
Pharmaceuticals
—
1.4%
Aclaris
Therapeutics,
Inc.
(a)
(b)
.............
139,475
737,823‌
Amneal
Pharmaceuticals,
Inc.
,
Class
A
(a)
.....
1,186,100
20,531,391‌
Amphastar
Pharmaceuticals,
Inc.
(a)
.........
301,875
6,091,838‌
AN2
Therapeutics,
Inc.
(a)
................
194,136
939,618‌
Aquestive
Therapeutics,
Inc.
(a)
(b)
...........
638,271
2,655,207‌
Arvinas,
Inc.
(a)
.......................
503,635
4,185,207‌
AtaiBeckley,
Inc.
(a)
(b)
...................
338,963
1,786,335‌
Atea
Pharmaceuticals,
Inc.
(a)
(b)
............
664,891
3,091,743‌
Avalyn
Pharma,
Inc.
(a)
..................
37,610
1,238,121‌
BioAge
Labs,
Inc.
(a)
(b)
..................
294,767
7,224,739‌
Contineum
Therapeutics,
Inc.
,
Class
A
(a)
(b)
....
242,915
3,981,377‌
CorMedix,
Inc.
(a)
......................
678,722
5,327,968‌
Esperion
Therapeutics,
Inc.
(a)
.............
1,471,020
4,648,423‌
EyePoint,
Inc.
(a)
(b)
.....................
121,305
1,734,662‌
Fulcrum
Therapeutics,
Inc.
(a)
.............
563,936
2,064,006‌
Indivior
Pharmaceuticals,
Inc.
(a)
(b)
..........
126,241
5,179,668‌
Innoviva,
Inc.
(a)
......................
702,464
15,952,957‌
LB
Pharmaceuticals,
Inc.
(a)
(b)
.............
106,737
3,464,149‌
LENZ
Therapeutics,
Inc.
(a)
(b)
..............
171,371
973,387‌
Maze
Therapeutics,
Inc.
(a)
(b)
..............
53,400
1,593,456‌
Nektar
Therapeutics
(a)
..................
32,566
2,273,433‌
Ocular
Therapeutix,
Inc.
(a)
...............
330,097
3,241,553‌
Omeros
Corp.
(a)
(b)
.....................
414,720
3,943,987‌
Oramed
Pharmaceuticals,
Inc.
............
316,411
1,521,937‌
Pacira
BioSciences,
Inc.
(a)
...............
337,839
8,570,975‌
Perrigo
Co.
plc
......................
1,312,324
13,635,046‌
Phathom
Pharmaceuticals,
Inc.
(a)
(b)
.........
330,439
3,585,263‌
Prestige
Consumer
Healthcare,
Inc.
(a)
(b)
......
441,810
20,884,359‌
Rapport
Therapeutics,
Inc.
(a)
(b)
............
17,582
732,642‌
Septerna,
Inc.
(a)
(b)
.....................
64,823
2,170,922‌
SIGA
Technologies,
Inc.
................
391,414
1,424,747‌
SpyGlass
Pharma,
Inc.
(a)
................
33,042
735,515‌
Supernus
Pharmaceuticals,
Inc.
(a)
..........
479,282
22,291,406‌
Theravance
Biopharma,
Inc.
(a)
(b)
...........
57,882
983,994‌
Security
Shares
Shares
Value
Pharmaceuticals
(continued)
Third
Harmonic
Bio,
Inc.
(a)
(c)
..............
216,388
$
2‌
VeraDermics,
Inc.
(a)
...................
59,632
7,331,158‌
WaVe
Life
Sciences
Ltd.
(a)
(b)
..............
1,200,644
6,975,742‌
Zevra
Therapeutics,
Inc.
(a)
(b)
..............
374,543
5,370,947‌
199,075,703‌
Professional
Services
—
1.1%
Asure
Software,
Inc.
(a)
(b)
.................
235,455
1,869,513‌
Barrett
Business
Services,
Inc.
............
18,482
656,481‌
CBIZ,
Inc.
(a)
(b)
........................
448,552
14,389,548‌
Clarivate
plc
(a)
(b)
......................
3,334,059
7,201,567‌
Concentrix
Corp.
.....................
395,041
8,850,894‌
Conduent,
Inc.
(a)
.....................
1,433,022
2,092,212‌
First
Advantage
Corp.
(a)
(b)
...............
198,892
3,590,001‌
HireQuest,
Inc.
......................
9,921
124,608‌
IBEX
Holdings
Ltd.
(a)
...................
29,950
909,581‌
ICF
International,
Inc.
..................
170,524
12,424,379‌
Kelly
Services,
Inc.
,
Class
A,
NVS
.........
281,675
3,458,969‌
Korn
Ferry
.........................
495,656
33,000,776‌
ManpowerGroup,
Inc.
..................
439,883
14,854,849‌
Maximus,
Inc.
.......................
448,409
24,106,468‌
Mistras
Group,
Inc.
(a)
..................
121,937
2,130,239‌
Skillsoft
Corp.
,
Class
A
(a)
................
436
2,258‌
TIC
Solutions,
Inc.
(a)
(b)
..................
1,682,852
13,614,273‌
TrueBlue,
Inc.
(a)
......................
275,566
1,920,695‌
Upwork,
Inc.
(a)
.......................
806,322
6,740,852‌
Willdan
Group,
Inc.
(a)
(b)
.................
36,034
2,850,289‌
154,788,452‌
Real
Estate
Management
&
Development
—
0.7%
American
Realty
Investors,
Inc.
(a)
..........
13,746
306,123‌
Compass,
Inc.
,
Class
A
(a)
(b)
..............
990,674
12,215,011‌
Comstock
Holding
Cos.,
Inc.
,
Class
A
(a)
(b)
.....
17,224
275,412‌
Cushman
&
Wakefield
Ltd.
(a)
.............
2,161,902
28,947,868‌
Douglas
Elliman,
Inc.
(a)
(b)
................
708,810
1,254,594‌
Forestar
Group,
Inc.
(a)
(b)
.................
182,062
5,762,262‌
FRP
Holdings,
Inc.
(a)
(b)
..................
111,545
2,787,510‌
Marcus
&
Millichap,
Inc.
................
227,707
7,097,627‌
Newmark
Group,
Inc.
,
Class
A
............
1,402,199
21,187,227‌
Opendoor
Technologies,
Inc.
,
Class
A
(a)
(b)
.....
1,494,376
6,904,017‌
RE/MAX
Holdings,
Inc.
,
Class
A
(a)
..........
157,788
1,555,790‌
RMR
Group,
Inc.
(The)
,
Class
A
...........
158,629
3,256,653‌
Seaport
Entertainment
Group,
Inc.
(a)
(b)
.......
74,929
1,993,111‌
Tejon
Ranch
Co.
(a)
(b)
...................
194,029
3,628,342‌
Transcontinental
Realty
Investors,
Inc.
(a)
.....
11,730
539,463‌
97,711,010‌
Residential
REITs
—
0.4%
BRT
Apartments
Corp.
.................
122,429
1,881,733‌
Centerspace
........................
158,974
8,932,749‌
Independence
Realty
Trust,
Inc.
...........
2,231,465
37,243,151‌
NexPoint
Residential
Trust,
Inc.
...........
219,053
6,115,960‌
UMH
Properties,
Inc.
..................
724,264
10,965,357‌
65,138,950‌
Retail
REITs
—
2.3%
Acadia
Realty
Trust
...................
1,289,895
26,971,704‌
Curbline
Properties
Corp.
...............
920,968
27,997,427‌
FrontView
REIT,
Inc.
...................
176,126
3,563,029‌
Getty
Realty
Corp.
....................
546,782
18,240,648‌
InvenTrust
Properties
Corp.
..............
683,045
24,179,793‌
Kite
Realty
Group
Trust
.................
1,935,521
54,930,086‌
Macerich
Co.
(The)
...................
2,667,268
67,188,481‌
NETSTREIT
Corp.
(b)
...................
687,077
14,517,937‌
Phillips
Edison
&
Co.,
Inc.
...............
1,196,804
49,810,982‌
Saul
Centers,
Inc.
....................
11,133
416,263‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
12
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Retail
REITs
(continued)
SITE
Centers
Corp.
...................
458,201
$
1,819,058‌
Tanger,
Inc.
.........................
72,667
2,868,167‌
Urban
Edge
Properties
.................
1,220,519
27,925,475‌
Whitestone
REIT
.....................
421,671
7,994,882‌
328,423,932‌
Semiconductors
&
Semiconductor
Equipment
—
0.8%
(a)
Alpha
&
Omega
Semiconductor
Ltd.
........
229,836
10,878,138‌
Canadian
Solar,
Inc.
(b)
..................
454,578
7,282,339‌
CEVA,
Inc.
(b)
........................
22,963
1,082,935‌
Cohu,
Inc.
..........................
155,308
11,478,814‌
Diodes,
Inc.
(b)
.......................
79,640
8,715,802‌
GSI
Technology,
Inc.
(b)
.................
62,136
480,311‌
inTEST
Corp.
.......................
9,036
164,184‌
Kopin
Corp.
(b)
.......................
706,785
3,166,397‌
Photronics,
Inc.
......................
348,322
11,330,915‌
QuickLogic
Corp.
.....................
54,076
1,079,898‌
Rigetti
Computing,
Inc.
(b)
................
178,874
3,455,846‌
Synaptics,
Inc.
(b)
.....................
331,757
41,214,172‌
Toyo
Co.
Ltd.
(b)
......................
50,299
349,578‌
Wolfspeed,
Inc.
(b)
.....................
268,570
12,958,502‌
113,637,831‌
Software
—
2.9%
8x8,
Inc.
(a)
..........................
1,192,778
2,039,650‌
Adeia,
Inc.
.........................
96,127
3,165,462‌
Alarm.com
Holdings,
Inc.
(a)
..............
401,611
18,763,266‌
Arteris,
Inc.
(a)
........................
24,242
1,177,919‌
Bit
Digital,
Inc.
(a)
(b)
.....................
3,051,317
5,492,371‌
Bitdeer
Technologies
Group
,
Class
A
(a)
(b)
.....
880,612
13,975,312‌
Blend
Labs,
Inc.
,
Class
A
(a)
(b)
.............
313,808
536,612‌
Box,
Inc.
,
Class
A
(a)
...................
250,537
6,649,252‌
C3.ai,
Inc.
,
Class
A
(a)
(b)
.................
1,307,579
11,885,893‌
Cerence,
Inc.
(a)
(b)
.....................
292,284
3,308,655‌
Cleanspark,
Inc.
(a)
(b)
...................
2,364,607
34,405,032‌
Consensus
Cloud
Solutions,
Inc.
(a)
(b)
........
55,920
2,133,348‌
Core
Scientific,
Inc.
(a)
(b)
.................
379,123
9,701,758‌
CS
Disco,
Inc.
(a)
(b)
.....................
80,942
305,961‌
Daily
Journal
Corp.
(a)
(b)
.................
8,974
5,395,079‌
Digital
Turbine,
Inc.
(a)
(b)
.................
921,725
11,890,252‌
Domo,
Inc.
,
Class
B
(a)
..................
189,208
592,221‌
Duos
Technologies
Group,
Inc.
(a)
(b)
.........
17,135
205,620‌
eGain
Corp.
(a)
(b)
......................
52,392
330,070‌
EverCommerce,
Inc.
(a)
(b)
................
21,067
211,934‌
Five9,
Inc.
(a)
(b)
.......................
720,125
15,353,065‌
Freshworks,
Inc.
,
Class
A
(a)
..............
1,323,244
13,391,229‌
Hut
8
Corp.
(a)
(b)
......................
455,902
52,631,606‌
I3
Verticals,
Inc.
,
Class
A
(a)
(b)
.............
210,505
4,496,387‌
Keel
Infrastructure
Corp.
(a)
(b)
..............
4,083,377
23,438,584‌
MARA
Holdings,
Inc.
(a)
(b)
................
3,624,680
50,346,805‌
Mitek
Systems,
Inc.
(a)
(b)
.................
27,094
545,402‌
N-able,
Inc.
(a)
........................
631,349
2,317,051‌
nCino,
Inc.
(a)
........................
67,420
1,102,317‌
NCR
Voyix
Corp.
(a)
(b)
...................
1,387,218
11,333,571‌
OneSpan,
Inc.
.......................
348,698
5,003,816‌
PagerDuty,
Inc.
(a)
.....................
401,638
3,875,807‌
PAR
Technology
Corp.
(a)
(b)
...............
388,012
6,759,169‌
Porch
Group,
Inc.
(a)
(b)
..................
811,387
12,203,260‌
Progress
Software
Corp.
(a)
...............
246,717
8,284,757‌
Rapid7,
Inc.
(a)
.......................
563,097
4,561,086‌
Rimini
Street,
Inc.
(a)
(b)
..................
407,515
1,736,014‌
Riot
Platforms,
Inc.
(a)
(b)
.................
1,125,467
30,815,286‌
Roadzen,
Inc.
(a)
(b)
.....................
473,516
691,333‌
Soluna
Holdings,
Inc.
(a)
(b)
................
1,050,089
1,417,620‌
Sprinklr,
Inc.
,
Class
A
(a)
.................
926,673
4,781,633‌
Security
Shares
Shares
Value
Software
(continued)
Sprout
Social,
Inc.
,
Class
A
(a)
(b)
............
162,676
$
1,228,204‌
SPS
Commerce,
Inc.
(a)
.................
142,933
8,171,480‌
Teradata
Corp.
(a)
.....................
265,569
9,201,966‌
Thryv
Holdings,
Inc.
(a)
(b)
.................
296,141
1,166,796‌
Veritone,
Inc.
(a)
(b)
.....................
520,093
712,527‌
Via
Transportation,
Inc.
,
Class
A
(a)
(b)
.........
383,343
6,953,842‌
Xperi,
Inc.
(a)
(b)
.......................
445,706
3,668,160‌
Yext,
Inc.
(a)
.........................
624,158
2,914,818‌
ZenaTech,
Inc.
(a)
(b)
....................
7,375
11,063‌
421,280,321‌
Specialized
REITs
—
0.4%
Farmland
Partners,
Inc.
................
370,112
3,582,684‌
Four
Corners
Property
Trust,
Inc.
..........
1,061,817
26,067,607‌
Gladstone
Land
Corp.
.................
348,855
2,975,733‌
Safehold,
Inc.
.......................
543,713
8,536,294‌
Smartstop
Self
Storage
REIT,
Inc.
..........
512,415
16,653,488‌
57,815,806‌
Specialty
Retail
—
2.3%
1-800-Flowers.com,
Inc.
,
Class
A
(a)
(b)
........
199,505
694,277‌
Academy
Sports
&
Outdoors,
Inc.
..........
612,722
28,877,588‌
Advance
Auto
Parts,
Inc.
................
574,581
35,750,430‌
American
Eagle
Outfitters,
Inc.
............
1,483,632
25,518,470‌
Arhaus,
Inc.
,
Class
A
..................
45,577
383,758‌
Asbury
Automotive
Group,
Inc.
(a)
(b)
..........
185,344
37,268,972‌
Barnes
&
Noble
Education,
Inc.
(a)
(b)
.........
149,217
1,874,166‌
Bed
Bath
&
Beyond,
Inc.
(a)
(b)
..............
698,366
4,043,539‌
Bob's
Discount
Furniture,
Inc.
(a)
(b)
..........
65,175
1,031,069‌
Caleres,
Inc.
........................
322,768
3,992,640‌
Camping
World
Holdings,
Inc.
,
Class
A
......
277,243
2,115,364‌
Citi
Trends,
Inc.
(a)
.....................
1,471
85,083‌
Designer
Brands,
Inc.
,
Class
A
............
322,347
1,879,283‌
Genesco,
Inc.
(a)
......................
87,907
2,968,619‌
Group
1
Automotive,
Inc.
................
110,258
32,103,822‌
Haverty
Furniture
Cos.,
Inc.
..............
124,683
3,183,157‌
J
Jill,
Inc.
(b)
.........................
66,702
1,058,561‌
Lands'
End,
Inc.
(a)
(b)
...................
89,167
934,470‌
MarineMax,
Inc.
(a)
.....................
183,812
6,731,196‌
Monro,
Inc.
.........................
239,120
4,091,343‌
National
Vision
Holdings,
Inc.
(a)
(b)
..........
640,269
12,171,514‌
OneWater
Marine,
Inc.
,
Class
A
(a)
(b)
.........
105,926
1,193,786‌
Outdoor
Holding
Co.
(a)
(b)
................
972,596
2,217,519‌
Petco
Health
&
Wellness
Co.,
Inc.
,
Class
A
(a)
(b)
.
824,725
2,243,252‌
RealReal,
Inc.
(The)
(a)
(b)
.................
748,961
8,830,250‌
Rent
the
Runway,
Inc.
,
Class
A
(a)
..........
82,933
261,239‌
RideNow
Group,
Inc.
,
Class
B
(a)
(b)
..........
134,888
898,354‌
Sally
Beauty
Holdings,
Inc.
(a)
(b)
............
905,297
12,800,900‌
Shoe
Station
Group,
Inc.
................
179,959
2,668,792‌
Signet
Jewelers
Ltd.
...................
372,187
32,082,519‌
Sonic
Automotive,
Inc.
,
Class
A
...........
70,341
5,964,213‌
Stitch
Fix,
Inc.
,
Class
A
(a)
................
1,013,918
4,167,203‌
Torrid
Holdings,
Inc.
(a)
(b)
.................
311,713
582,903‌
Upbound
Group,
Inc.
..................
523,511
11,108,903‌
Urban
Outfitters,
Inc.
(a)
.................
334,147
23,677,656‌
Winmark
Corp.
......................
27,417
11,599,584‌
Zumiez,
Inc.
(a)
(b)
......................
123,227
2,193,441‌
329,247,835‌
Technology
Hardware,
Storage
&
Peripherals
—
0.3%
Corsair
Gaming,
Inc.
(a)
(b)
................
453,914
4,389,348‌
Eastman
Kodak
Co.
(a)
(b)
.................
601,703
5,565,753‌
Immersion
Corp.
.....................
283,880
1,921,867‌
Infleqtion,
Inc.
(a)
(b)
.....................
518,746
6,909,697‌
Quantum
Computing,
Inc.
(a)
(b)
.............
1,650,314
16,008,046‌
Turtle
Beach
Corp.
(a)
(b)
..................
169,496
2,110,225‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
13
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Technology
Hardware,
Storage
&
Peripherals
(continued)
Xerox
Holdings
Corp.
..................
1,136,551
$
3,557,405‌
40,462,341‌
Textiles,
Apparel
&
Luxury
Goods
—
0.5%
Carter's,
Inc.
........................
338,721
13,941,756‌
Fossil
Group,
Inc.
(a)
(b)
..................
470,025
1,945,904‌
G-III
Apparel
Group
Ltd.
................
342,664
11,551,203‌
Movado
Group,
Inc.
...................
136,706
5,373,913‌
Oxford
Industries,
Inc.
.................
109,721
3,825,971‌
Rocky
Brands,
Inc.
....................
67,866
2,798,794‌
Superior
Group
of
Cos.,
Inc.
.............
106,682
1,399,668‌
Under
Armour,
Inc.
,
Class
A
(a)
(b)
...........
1,854,301
11,848,983‌
Under
Armour,
Inc.
,
Class
C,
NVS
(a)
........
1,740,500
10,825,910‌
Wolverine
World
Wide,
Inc.
..............
159,232
2,632,105‌
66,144,207‌
Tobacco
—
0.1%
Turning
Point
Brands,
Inc.
...............
14,202
1,204,471‌
Universal
Corp.
......................
238,998
12,468,526‌
13,672,997‌
Trading
Companies
&
Distributors
—
1.1%
Alta
Equipment
Group,
Inc.
,
Class
A
(a)
.......
153,226
991,372‌
BlueLinx
Holdings,
Inc.
(a)
................
72,853
4,508,144‌
Boise
Cascade
Co.
...................
339,810
26,379,450‌
Custom
Truck
One
Source,
Inc.
(a)
..........
81,954
967,877‌
Distribution
Solutions
Group,
Inc.
(a)
(b)
........
7,457
203,949‌
DNOW,
Inc.
(a)
.......................
1,738,925
22,553,857‌
EVI
Industries,
Inc.
....................
51,886
766,875‌
GATX
Corp.
........................
310,913
55,090,674‌
Herc
Holdings,
Inc.
....................
34,128
4,891,908‌
Hudson
Technologies,
Inc.
(a)
.............
352,817
2,025,170‌
McGrath
RentCorp
....................
205,042
24,816,233‌
Titan
Machinery,
Inc.
(a)
(b)
................
202,754
4,282,164‌
Transcat,
Inc.
(a)
(b)
.....................
37,854
3,511,716‌
Willis
Lease
Finance
Corp.
..............
12,091
2,766,421‌
153,755,810‌
Water
Utilities
—
0.5%
American
States
Water
Co.
..............
103,967
8,590,793‌
California
Water
Service
Group
...........
571,596
27,808,145‌
Consolidated
Water
Co.
Ltd.
.............
11,067
326,477‌
Global
Water
Resources,
Inc.
.............
117,404
850,005‌
H2O
America
.......................
331,614
20,152,183‌
Middlesex
Water
Co.
..................
166,256
9,336,937‌
Pure
Cycle
Corp.
(a)
(b)
...................
188,835
2,022,423‌
York
Water
Co.
(The)
..................
141,205
4,327,933‌
73,414,896‌
Wireless
Telecommunication
Services
—
0.3%
KORE
Group
Holdings,
Inc.
(a)
.............
35,000
323,050‌
Spok
Holdings,
Inc.
...................
214,458
2,196,050‌
Telephone
&
Data
Systems,
Inc.
...........
946,841
35,042,585‌
37,561,685‌
Total
Common
Stocks
—
99
.8
%
(Cost:
$
13,590,758,455
)
............................
14,398,225,550‌
Rights
Biotechnology
—
0.0%
(a)(c)
Contra
Aduro
Biotech
I,
CVR
.............
19,180
9,782‌
Contra
Chinook
Therape,
CVR
...........
381,225
64,808‌
Security
Shares
Shares
Value
Biotechnology
(continued)
Sanofi
Aatd,
Inc.,
CVR
(b)
................
106,185
$
177,329‌
251,919‌
Total
Rights
—
0.0
%
(Cost:
$
68,755
)
.................................
251,919‌
Warrants
Health
Care
Equipment
&
Supplies
—
0.0
%
Pulse
Biosciences,
Inc.
(
1
Share
for
1
Warrant,
Expires
06/27/29
)
(a)
(b)
................
11,816
98,841‌
Total
Warrants
—
0.0
%
(Cost:
$
—
)
.....................................
98,841‌
Total
Long-Term
Investments
—
99.8%
(Cost:
$
13,590,827,210
)
............................
14,398,576,310‌
Short-Term
Securities
Money
Market
Funds
—
6.0%
(d)(e)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
3.82
%
(f)
...................
848,567,011
848,821,581‌
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
3.62
%
....................
20,936,510
20,936,510‌
Total
Short-Term
Securities
—
6
.0
%
(Cost:
$
869,414,509
)
..............................
869,758,091‌
Total
Investments
—
105
.8
%
(Cost:
$
14,460,241,719
)
............................
15,268,334,401‌
Liabilities
in
Excess
of
Other
Assets
—
(
5.8
)
%
.............
(
840,944,121‌
)
Net
Assets
—
100.0%
...............................
$
14,427,390,280‌
(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.
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
14
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
June
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
03/31/26
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
06/30/26
Shares
Held
at
06/30/26
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
..............
$
950,737,188
$
—
$
(
102,010,450
)
(a)
$
(
17,308
)
$
112,151
$
848,821,581
848,567,011
$
1,476,001
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
23,642,004
—
(
2,705,494
)
(a)
—
—
20,936,510
20,936,510
311,766
—
$
(
17,308
)
$
112,151
$
869,758,091
$
1,787,767
$
—
—
—
(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
....................................................
261
09/18/26
$
39,745
$
153,076
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2026
iShares
®
Russell
2000
Value
ETF
15
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
.........................................
$
14,398,225,544
$
—
$
6
$
14,398,225,550
Rights
................................................
—
—
251,919
251,919
Warrants
..............................................
—
98,841
—
98,841
Short-Term
Securities
Money
Market
Funds
......................................
869,758,091
—
—
869,758,091
$
15,267,983,635
$
98,841
$
251,925
$
15,268,334,401
Derivative
Financial
Instruments
(a)
Assets
Equity
contracts
...........................................
$
153,076
$
—
$
—
$
153,076
(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