Schedule of Investments (unaudited) 
June 30, 2026
iShares® Russell Mid-Cap Value ETF
(Percentages shown are based on Net Assets)
Security
 

Shares
Value
Common Stocks
Aerospace & Defense — 1.3%
AeroVironment, Inc.(a)
58,131
$  9,595,684
BWX Technologies, Inc.
7,254
1,411,991
Curtiss-Wright Corp.
27,339
20,716,401
Hexcel Corp.
94,257
9,431,356
Huntington Ingalls Industries, Inc.
59,773
16,729,865
Kratos Defense & Security Solutions, Inc.(a)
262,948
13,110,587
L3Harris Technologies, Inc.
282,964
82,226,509
Leonardo DRS, Inc.
115,300
4,919,851
Loar Holdings, Inc.(a)(b)
67,220
5,418,604
StandardAero, Inc.(a)(b)
348,263
10,416,546
Textron, Inc.
262,341
24,064,540
 
198,041,934
Air Freight & Logistics — 0.3%
CH Robinson Worldwide, Inc.
13,029
2,453,882
Expeditors International of Washington, Inc.
201,158
32,784,731
GXO Logistics, Inc.(a)
175,142
8,879,699
 
44,118,312
Automobile Components — 0.4%
Aptiv PLC(a)
322,928
19,821,321
BorgWarner, Inc.
312,553
20,753,519
Gentex Corp.
324,725
8,205,801
Lear Corp.
77,030
10,326,642
QuantumScape Corp., Class A(a)(b)
763,983
5,775,711
 
64,882,994
Automobiles — 0.7%
Ford Motor Co.
5,944,780
82,632,442
Lucid Group, Inc.(a)(b)
Rivian Automotive, Inc., Class A(a)
1,103,156
19,139,756
Thor Industries, Inc.
76,705
5,765,148
 
107,537,346
Banks — 3.6%
Bank OZK
157,742
8,216,781
BOK Financial Corp.
28,760
3,994,189
Central BanCo, Inc., Class A
30,543
927,896
Citizens Financial Group, Inc.
644,670
45,172,027
Columbia Banking System, Inc.
439,856
14,097,385
Commerce Bancshares, Inc.
205,898
11,890,609
Cullen/Frost Bankers, Inc.
90,063
13,916,535
East West Bancorp, Inc.
207,467
26,781,915
Fifth Third Bancorp
1,375,543
77,539,359
First Citizens BancShares, Inc., Class A
12,143
25,267,033
First Hawaiian, Inc.
188,491
5,522,786
First Horizon Corp.
722,523
18,525,490
FNB Corp.
535,696
10,221,080
Huntington Bancshares, Inc.
3,063,692
54,319,259
KeyCorp
1,413,098
32,571,909
M&T Bank Corp.
223,221
53,128,830
Pinnacle Financial Partners, Inc.
214,236
21,612,128
Popular, Inc.
90,363
14,835,797
Prosperity Bancshares, Inc.
175,330
12,804,350
Regions Financial Corp.
1,302,899
39,347,550
Southstate Bank Corp.
146,400
14,625,360
Webster Financial Corp.
246,005
18,799,702
Western Alliance Bancorp
131,785
10,832,727
Wintrust Financial Corp.
101,230
16,269,686
Zions Bancorp N.A.
221,808
15,346,895
 
566,567,278
Beverages — 0.9%
Brown-Forman Corp., Class A
66,819
1,828,168
Brown-Forman Corp., Class B, NVS
205,294
5,471,085
Coca-Cola Consolidated, Inc.
75,453
14,405,487
Constellation Brands, Inc., Class A
209,585
29,151,178
Security
 
Shares
Value
Beverages (continued)
Keurig Dr. Pepper, Inc.
1,970,918
$  64,508,146
Molson Coors Beverage Co., Class B
233,619
9,101,796
Primo Brands Corp., Class A
372,360
9,100,478
 
133,566,338
Biotechnology — 1.5%
Arrowhead Pharmaceuticals, Inc.(a)
76,402
6,227,527
Ascendis Pharma A/S(a)
4,200
1,120,224
Biogen, Inc.(a)
224,145
48,428,769
BioMarin Pharmaceutical, Inc.(a)
291,600
16,685,352
Bridgebio Pharma, Inc.(a)
14,256
1,061,787
Caris Life Sciences, Inc.(a)
19,338
344,603
Exelixis, Inc.(a)
283,281
15,413,319
Incyte Corp.(a)
252,847
28,662,736
Ionis Pharmaceuticals, Inc.(a)
14,083
1,116,641
Moderna, Inc.(a)(b)
555,510
38,902,365
Neurocrine Biosciences, Inc.(a)
21,058
3,549,010
Roivant Sciences Ltd.(a)
746,559
26,420,723
United Therapeutics Corp.(a)
62,905
34,083,816
Viking Therapeutics, Inc.(a)(b)
160,936
6,278,114
 
228,294,986
Broadline Retail — 0.5%
Dillards, Inc., Class A(b)
4,880
2,578,690
eBay, Inc.
528,330
59,040,877
Etsy, Inc.(a)
72,139
5,434,231
Macys, Inc.
401,938
9,465,640
Ollies Bargain Outlet Holdings, Inc.(a)
92,060
7,077,573
 
83,597,011
Building Products — 1.2%
A. O. Smith Corp.
170,478
10,692,380
Advanced Drainage Systems, Inc.
110,907
17,407,963
Allegion PLC
129,816
18,237,850
Armstrong World Industries, Inc.
47,561
7,629,736
Builders FirstSource, Inc.(a)
159,852
14,303,557
Carlisle Cos., Inc.
54,986
19,946,171
Fortune Brands Innovations, Inc.
176,900
9,711,810
Hayward Holdings, Inc.(a)
318,149
5,507,159
Lennox International, Inc.
33,949
19,451,080
Masco Corp.
307,795
25,045,279
Owens Corning
121,569
19,324,608
Simpson Manufacturing Co., Inc.
62,774
13,141,737
Trex Co., Inc.(a)
157,278
7,870,191
 
188,269,521
Capital Markets — 4.6%
Affiliated Managers Group, Inc.
38,935
13,175,604
Ameriprise Financial, Inc.
126,345
57,962,032
Blue Owl Capital, Inc., Class A
1,004,390
8,788,413
Bullish(a)(b)
29,654
694,793
Carlyle Group, Inc. (The)
403,594
16,995,343
Cboe Global Markets, Inc.
160,181
38,871,123
Coinbase Global, Inc., Class A(a)
334,126
48,845,880
Evercore, Inc., Class A
56,096
19,153,418
FactSet Research Systems, Inc.(b)
54,525
12,545,112
Franklin Resources, Inc.
409,012
13,607,829
Freedom Holding Corp.(a)(b)
3,732
486,914
Galaxy Digital, Inc., Class A(a)
285,110
7,794,907
Hamilton Lane, Inc., Class A
60,048
4,733,584
Houlihan Lokey, Inc., Class A
83,161
11,154,385
Invesco Ltd.
549,088
14,490,432
Jefferies Financial Group, Inc.
231,308
11,560,774
Lazard, Inc.
106,065
4,448,366
LPL Financial Holdings, Inc.
78,647
22,153,287
MarketAxess Holdings, Inc.
53,545
6,076,822
Morningstar, Inc.
27,751
4,329,711
MSCI, Inc., Class A
101,420
56,799,257
1

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® Russell Mid-Cap Value ETF
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Capital Markets (continued)
Nasdaq, Inc.
679,808
$  53,582,467
Northern Trust Corp.
265,820
46,210,149
Raymond James Financial, Inc.
268,642
40,841,643
Robinhood Markets, Inc., Class A(a)
201,551
20,211,534
SEI Investments Co.
155,189
13,611,627
State Street Corp.
406,878
69,006,509
Stifel Financial Corp.
227,436
15,868,210
T Rowe Price Group, Inc.
319,943
36,374,320
TPG, Inc., Class A
221,419
8,978,541
Tradeweb Markets, Inc., Class A
163,697
16,314,043
Virtu Financial, Inc., Class A
126,111
7,512,432
XP, Inc., Class A
599,041
9,740,407
 
712,919,868
Chemicals — 2.5%
Albemarle Corp.
178,692
24,128,781
Axalta Coating Systems Ltd.(a)
328,962
11,257,080
Celanese Corp., Class A
170,152
7,826,992
CF Industries Holdings, Inc.
233,806
25,311,837
Corteva, Inc.
1,022,198
86,569,949
Dow, Inc.
1,096,288
29,994,440
DuPont de Nemours, Inc.
208,485
28,278,905
Eastman Chemical Co.
173,171
11,598,994
Element Solutions, Inc.
347,118
16,574,884
International Flavors & Fragrances, Inc.
390,198
30,911,485
LyondellBasell Industries NV, Class A
393,572
20,721,566
Mosaic Co. (The)
483,082
10,236,508
NewMarket Corp.
9,381
7,422,622
Olin Corp.
173,261
3,434,033
PPG Industries, Inc.
339,112
41,130,894
RPM International, Inc.
192,541
21,400,932
Scotts Miracle-Gro Co. (The)
68,516
4,666,625
Westlake Corp.
50,100
3,657,300
 
385,123,827
Commercial Services & Supplies — 1.0%
Clean Harbors, Inc.(a)
62,909
18,794,064
Copart, Inc.(a)
1,345,798
37,938,046
GFL Environmental, Inc.
396,792
14,597,978
MSA Safety, Inc.
55,507
9,690,412
RB Global, Inc.(b)
283,711
33,038,146
Tetra Tech, Inc.
396,625
11,458,496
Veralto Corp.
372,789
33,058,928
 
158,576,070
Communications Equipment — 0.2%
F5, Inc.(a)
85,911
35,735,540
Construction & Engineering — 0.6%
AECOM
196,653
13,726,379
API Group Corp.(a)
581,768
24,637,875
Dycom Industries, Inc.(a)
27,248
13,776,316
Everus Construction Group, Inc.(a)
10,716
1,778,320
Primoris Services Corp.
77,592
7,690,919
Valmont Industries, Inc.
28,901
16,693,218
WillScot Holdings Corp., Class A
269,431
7,775,779
 
86,078,806
Construction Materials — 0.8%
Eagle Materials, Inc.
47,495
10,686,375
James Hardie Industries PLC(a)(b)
227,709
5,961,422
Martin Marietta Materials, Inc.
90,843
52,389,158
Vulcan Materials Co.
197,153
58,162,106
 
127,199,061
Consumer Finance — 0.7%
Ally Financial, Inc.
377,292
17,336,567
Credit Acceptance Corp.(a)(b)
5,018
3,195,161
Figure Technology Solutions, Inc., Class A(a)(b)
115,966
3,561,316
Security
 
Shares
Value
Consumer Finance (continued)
OneMain Holdings, Inc.
176,089
$  10,736,146
SLM Corp.
252,789
6,557,347
SoFi Technologies, Inc.(a)(b)
1,698,078
30,446,539
Synchrony Financial
510,503
38,823,753
 
110,656,829
Consumer Staples Distribution & Retail — 1.7%
Albertsons Cos., Inc., Class A
506,110
6,847,668
BJs Wholesale Club Holdings, Inc.(a)
196,931
17,176,322
Caseys General Stores, Inc.
6,520
5,182,031
Dollar General Corp.
334,358
38,487,949
Dollar Tree, Inc.(a)
281,471
34,043,917
Kroger Co. (The)
847,716
47,073,670
Maplebear, Inc.(a)
124,719
5,905,445
Performance Food Group Co.(a)
228,096
25,498,852
Sprouts Farmers Market, Inc.(a)
142,813
12,079,124
Sysco Corp.
381,195
31,860,278
U.S. Foods Holding Corp.(a)
332,965
34,045,671
 
258,200,927
Containers & Packaging — 1.4%
Amcor PLC
704,849
30,555,204
AptarGroup, Inc.
96,682
12,104,586
Avery Dennison Corp.
116,871
18,974,007
Ball Corp.
403,477
25,176,965
Crown Holdings, Inc.
170,066
19,016,780
Graphic Packaging Holding Co.
448,585
4,741,544
International Paper Co.
800,596
30,502,708
Packaging Corp. of America
131,726
31,387,671
Silgan Holdings, Inc.
135,717
6,295,912
Smurfit Westrock PLC
793,701
36,716,608
Sonoco Products Co.
149,469
8,422,578
 
223,894,563
Distributors — 0.3%
Genuine Parts Co.
208,279
24,572,757
LKQ Corp.
387,395
10,200,110
Pool Corp.
49,069
10,544,928
 
45,317,795
Diversified Consumer Services — 0.3%
ADT, Inc.
857,060
5,570,890
Bright Horizons Family Solutions, Inc.(a)
79,952
5,666,998
Duolingo, Inc., Class A(a)
58,706
6,752,364
Grand Canyon Education, Inc.(a)
29,763
4,259,383
H&R Block, Inc.
162,461
6,186,515
Liberty Live Holdings, Inc., Class A(a)
30,609
3,099,467
Liberty Live Holdings, Inc., Class C, NVS(a)(b)
74,312
7,850,320
Service Corp. International
204,610
15,542,175
 
54,928,112
Diversified REITs — 0.2%
WP Carey, Inc.
337,267
24,114,590
Diversified Telecommunication Services — 0.1%
AST SpaceMobile, Inc., Class A(a)(b)
23,614
2,098,340
Iridium Communications, Inc.
97,969
5,373,600
Liberty Global Ltd., Class A(a)
257,071
2,922,897
Liberty Global Ltd., Class C, NVS(a)(b)
206,682
2,273,502
 
12,668,339
Electric Utilities — 3.7%
Alliant Energy Corp.
394,314
30,082,215
Edison International
579,021
43,108,113
Entergy Corp.
695,821
79,922,000
Evergy, Inc.
349,692
30,223,880
Eversource Energy
573,799
41,468,454
Exelon Corp.
1,558,669
72,665,149
FirstEnergy Corp.
839,429
39,906,455
2

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® Russell Mid-Cap Value ETF
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Electric Utilities (continued)
IDACORP, Inc.
83,442
$  12,624,775
OGE Energy Corp.
314,081
15,283,181
Oklo, Inc., Class A(a)
214,433
11,221,279
PG&E Corp.
3,336,938
56,127,297
Pinnacle West Capital Corp.
184,220
19,711,540
PPL Corp.
1,144,704
41,609,990
Xcel Energy, Inc.
949,637
76,255,851
 
570,210,179
Electrical Equipment — 1.7%
Acuity, Inc.
46,138
17,378,339
AMETEK, Inc.
347,884
84,167,055
Generac Holdings, Inc.(a)
87,742
25,691,735
Hubbell, Inc.
80,821
42,285,547
Nextpower, Inc., Class A(a)
224,378
26,732,395
nVent Electric PLC
145,134
24,616,178
Regal Rexnord Corp.
101,201
24,105,066
Rockwell Automation, Inc.
30,293
14,997,458
Sensata Technologies Holding PLC
220,521
10,527,673
X-Energy, Inc., Class A(a)
64,307
1,180,677
 
271,682,123
Electronic Equipment, Instruments & Components — 2.9%
Advanced Energy Industries, Inc.
3,029
1,129,423
Arrow Electronics, Inc.(a)
77,642
16,569,579
Avnet, Inc.
123,269
10,948,753
CDW Corp.
193,757
27,249,984
Cognex Corp.
254,543
18,434,004
Coherent Corp.(a)
213,340
84,156,230
Flex Ltd.(a)
556,994
90,272,017
Ingram Micro Holding Corp.
67,072
1,839,785
IPG Photonics Corp.(a)
38,840
4,556,709
Keysight Technologies, Inc.(a)
111,517
39,038,756
Littelfuse, Inc.
37,899
17,256,552
Ralliant Corp.
170,857
12,580,201
Sanmina Corp.(a)
52,385
13,257,596
TD SYNNEX Corp.
116,214
31,068,651
Teledyne Technologies, Inc.(a)
70,000
46,683,000
TTM Technologies, Inc.(a)
21,384
3,999,236
Vontier Corp.
213,829
6,201,041
Zebra Technologies Corp., Class A(a)
73,178
19,264,840
 
444,506,357
Energy Equipment & Services — 1.1%
Baker Hughes Co., Class A
1,510,073
83,809,051
Halliburton Co.
1,271,221
43,157,953
NOV, Inc.
544,843
10,106,838
TechnipFMC PLC
364,797
24,186,041
Weatherford International PLC
107,329
8,747,314
 
170,007,197
Entertainment — 1.4%
Electronic Arts, Inc.
328,625
67,381,270
Liberty Media Corp. - Liberty Formula One,
Class A(a)(b)
36,021
3,153,278
Liberty Media Corp. - Liberty Formula One, Class C,
NVS(a)
329,795
31,376,696
Madison Square Garden Sports Corp., Class A(a)
11,326
4,551,240
Roku, Inc., Class A(a)
11,316
1,563,192
TKO Group Holdings, Inc., Class A
57,937
11,663,298
Warner Bros Discovery, Inc., Class A(a)
3,659,297
97,556,858
 
217,245,832
Financial Services — 2.2%
Block, Inc., Class A(a)
791,955
60,188,580
Chime Financial, Inc., Class A(a)
375,955
7,699,558
Corebridge Financial, Inc.
375,579
10,752,827
Corpay, Inc.(a)
61,294
20,427,451
Security
 
Shares
Value
Financial Services (continued)
Equitable Holdings, Inc.
179,360
$  7,870,317
Euronet Worldwide, Inc.(a)
53,816
3,938,793
Fidelity National Information Services, Inc.
789,540
30,697,315
Fiserv, Inc.(a)
809,172
39,689,887
Global Payments, Inc.
351,003
25,468,778
Jack Henry & Associates, Inc.
109,725
15,113,521
MGIC Investment Corp.
316,828
8,934,550
PayPal Holdings, Inc.
1,362,394
58,828,173
Rocket Cos., Inc., Class A(a)
1,478,122
23,280,421
Shift4 Payments, Inc., Class A(a)
53,148
2,585,119
TFS Financial Corp.
82,479
1,461,528
UWM Holdings Corp., Class A
420,218
962,299
Voya Financial, Inc.
140,738
12,741,011
Western Union Co. (The)
403,681
3,108,344
WEX, Inc.(a)
48,464
6,837,786
 
340,586,258
Food Products — 2.0%
Archer-Daniels-Midland Co.
729,502
55,733,953
Bunge Global SA
201,817
21,539,928
Campbells Co. (The)
298,940
6,657,394
Conagra Brands, Inc.
735,433
9,898,928
Darling Ingredients, Inc.(a)
238,857
13,046,369
Freshpet, Inc.(a)
73,834
4,365,066
General Mills, Inc.
813,642
28,314,742
Hershey Co. (The)
198,986
34,912,094
Hormel Foods Corp.
446,482
11,081,683
Ingredion, Inc.
95,480
9,042,911
J M Smucker Co. (The)
159,430
17,935,875
JBS NV, Class A
497,648
5,897,129
Kraft Heinz Co. (The)
1,304,842
30,820,368
Lamb Weston Holdings, Inc.
201,255
8,690,191
McCormick & Co., Inc., NVS
387,172
19,521,212
Pilgrims Pride Corp.
61,802
1,737,254
Post Holdings, Inc.(a)
61,977
5,470,090
Seaboard Corp.
375
1,674,124
Smithfield Foods, Inc.
69,344
1,682,285
Tyson Foods, Inc., Class A
420,055
24,048,149
 
312,069,745
Gas Utilities — 0.5%
Atmos Energy Corp.
250,755
43,197,564
MDU Resources Group, Inc.
314,567
6,671,966
National Fuel Gas Co.
143,449
11,075,697
UGI Corp.
327,812
11,322,627
 
72,267,854
Ground Transportation — 1.2%
Avis Budget Group, Inc.(a)(b)
18,425
2,723,768
Fedex Freight Holding Co., Inc.(a)
167,036
25,222,436
JB Hunt Transport Services, Inc.
114,154
33,039,592
Knight-Swift Transportation Holdings, Inc.
241,197
18,782,010
Landstar System, Inc.
34,744
7,185,407
Lyft, Inc., Class A(a)
497,887
7,274,129
Old Dominion Freight Line, Inc.
225,056
48,747,130
Ryder System, Inc.
57,248
15,100,305
Saia, Inc.(a)
40,703
17,142,475
Schneider National, Inc., Class B
78,521
2,868,372
U-Haul Holding Co.(a)(b)
11,215
733,910
U-Haul Holding Co., NVS
146,317
8,442,491
 
187,262,025
Health Care Equipment & Supplies — 2.7%
Align Technology, Inc.(a)
102,066
17,214,452
Baxter International, Inc.
783,887
16,712,471
Becton Dickinson & Co.
432,349
65,427,374
Cooper Cos., Inc. (The)(a)
296,603
21,269,401
Edwards Lifesciences Corp.(a)
866,965
78,425,654
3

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® Russell Mid-Cap Value ETF
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Health Care Equipment & Supplies (continued)
Envista Holdings Corp.(a)
251,740
$  6,633,349
GE HealthCare Technologies, Inc.
693,036
44,361,234
Globus Medical, Inc., Class A(a)
171,032
13,513,238
IDEXX Laboratories, Inc.(a)
19,286
10,152,922
Medline, Inc., Class A(a)(b)
684,481
26,995,931
ResMed, Inc.
220,932
43,055,228
Solventum Corp.(a)
225,417
17,390,922
STERIS PLC
148,650
31,301,230
Teleflex, Inc.
66,808
8,468,582
Zimmer Biomet Holdings, Inc.
295,412
25,432,019
 
426,354,007
Health Care Providers & Services — 2.3%
Cardinal Health, Inc.
193,043
45,859,295
Centene Corp.(a)
689,888
44,283,911
Chemed Corp.
19,865
9,251,925
DaVita, Inc.(a)
46,547
10,355,777
Encompass Health Corp.
150,130
15,175,140
Ensign Group, Inc. (The)
86,203
13,818,341
Guardant Health, Inc.(a)
21,724
3,259,252
Henry Schein, Inc.(a)(b)
150,411
12,562,327
Humana, Inc.
182,672
72,560,972
Labcorp Holdings, Inc.
124,596
34,886,880
Molina Healthcare, Inc.(a)
78,522
17,957,981
Quest Diagnostics, Inc.
167,742
35,552,917
Tenet Healthcare Corp.(a)
129,485
24,224,054
Universal Health Services, Inc., Class B
77,679
11,550,090
 
351,298,862
Health Care REITs — 1.0%
Alexandria Real Estate Equities, Inc.
261,113
13,799,822
American Healthcare REIT, Inc.
291,224
15,187,332
Healthcare Realty Trust, Inc.
506,971
10,225,605
Healthpeak Properties, Inc.
1,058,128
22,643,939
Janus Living, Inc., Class A
70,672
2,031,113
Medical Properties Trust, Inc.
780,696
3,606,815
Omega Healthcare Investors, Inc.
454,592
21,674,947
Ventas, Inc.
736,715
65,420,292
 
154,589,865
Health Care Technology — 0.3%
Doximity, Inc., Class A(a)
198,550
4,117,927
Veeva Systems, Inc., Class A(a)
226,756
40,242,387
 
44,360,314
Hotel & Resort REITs — 0.2%
Host Hotels & Resorts, Inc.
1,035,589
24,553,815
Hotels, Restaurants & Leisure — 2.0%
Aramark
399,633
22,739,118
Boyd Gaming Corp.
77,864
6,877,727
Caesars Entertainment, Inc.(a)
308,053
9,297,039
Carnival Corp. Ltd.
1,940,068
55,427,743
Churchill Downs, Inc.
84,653
7,588,295
Dominos Pizza, Inc.
43,109
12,761,988
Flutter Entertainment PLC(a)
216,086
22,077,507
Hyatt Hotels Corp., Class A
3,711
719,340
MGM Resorts International(a)
283,805
13,568,717
Norwegian Cruise Line Holdings Ltd.(a)(b)
696,842
14,710,335
Restaurant Brands International, Inc.
221,576
16,066,476
Royal Caribbean Cruises Ltd.
165,633
52,593,446
Texas Roadhouse, Inc.
68,261
13,190,073
Travel + Leisure Co.
64,425
4,924,003
Vail Resorts, Inc.
9,849
1,340,941
Wyndham Hotels & Resorts, Inc.
10,272
865,005
Wynn Resorts Ltd.
17,436
1,692,861
Yum! Brands, Inc.
294,738
47,116,817
 
303,557,431
Security
 
Shares
Value
Household Durables — 1.9%
DR Horton, Inc.
382,269
$  62,263,975
Garmin Ltd.
249,899
59,361,008
Lennar Corp., Class A
311,920
28,225,641
Lennar Corp., Class B
14,616
1,296,585
Mohawk Industries, Inc.(a)
76,381
9,267,307
NVR, Inc.(a)
2,411
16,427,107
PulteGroup, Inc.
287,461
39,442,524
SharkNinja, Inc.(a)(b)
107,736
16,404,961
Somnigroup International, Inc.
259,140
20,316,576
Toll Brothers, Inc.
143,814
23,693,357
TopBuild Corp.(a)
40,308
14,290,395
Whirlpool Corp.(b)
97,298
3,835,487
 
294,824,923
Household Products — 0.6%
Church & Dwight Co., Inc.
361,371
35,009,622
Clorox Co. (The)
183,771
17,539,104
Kimberly-Clark Corp.
340,528
37,379,759
Reynolds Consumer Products, Inc.
82,796
2,223,073
 
92,151,558
Independent Power and Renewable Electricity Producers — 0.2%
AES Corp. (The)
1,084,210
15,894,519
Brookfield Renewable Corp.
208,885
7,753,811
Clearway Energy, Inc., Class C
182,842
6,249,540
Talen Energy Corp.(a)
20,644
7,932,663
 
37,830,533
Industrial REITs — 0.4%
Americold Realty Trust, Inc.
439,142
6,903,312
EastGroup Properties, Inc.
81,122
16,429,639
First Industrial Realty Trust, Inc.
199,050
12,203,755
Lineage, Inc.
109,088
4,718,056
Rexford Industrial Realty, Inc.
343,735
11,515,123
STAG Industrial, Inc.
289,368
11,013,346
 
62,783,231
Insurance — 5.3%
Allstate Corp. (The)
390,152
92,832,767
American Financial Group, Inc.
100,773
14,102,174
American International Group, Inc.
810,397
60,398,888
Arch Capital Group Ltd.(a)
528,762
51,321,640
Assurant, Inc.
70,416
18,908,808
Assured Guaranty Ltd.
63,748
5,110,040
Axis Capital Holdings Ltd.
105,866
11,374,243
Brighthouse Financial, Inc.(a)
86,632
5,483,806
Brown & Brown, Inc.
450,122
28,875,326
Cincinnati Financial Corp.
232,275
43,003,393
CNA Financial Corp.
31,437
1,528,153
Everest Group Ltd.
60,356
21,560,974
Fidelity National Financial, Inc., Class A
366,518
17,284,989
First American Financial Corp.
148,557
10,189,525
Globe Life, Inc.
119,099
21,280,609
Hanover Insurance Group, Inc. (The)
53,008
11,350,073
Hartford Insurance Group, Inc. (The)
416,296
55,167,546
Kinsale Capital Group, Inc.
33,329
10,992,237
Lincoln National Corp.
242,664
8,578,172
Loews Corp.
255,105
28,880,437
Markel Group, Inc.(a)
18,780
36,677,528
Old Republic International Corp.
343,851
14,070,383
Primerica, Inc.
47,750
13,570,550
Principal Financial Group, Inc.
326,553
35,195,882
Prudential Financial, Inc.
529,173
57,113,642
Reinsurance Group of America, Inc.
99,888
21,241,183
RenaissanceRe Holdings Ltd.
64,142
20,326,600
RLI Corp.
124,875
7,376,366
Ryan Specialty Holdings, Inc., Class A
144,327
5,449,788
Unum Group
241,675
21,605,745
4

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® Russell Mid-Cap Value ETF
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Insurance (continued)
W R Berkley Corp.
345,055
$  24,336,729
White Mountains Insurance Group Ltd.(b)
3,671
7,611,415
Willis Towers Watson PLC
143,375
37,473,924
 
820,273,535
Interactive Media & Services — 0.2%
Match Group, Inc.
354,456
13,487,051
People, Inc.(a)
99,615
4,598,229
Pinterest, Inc., Class A(a)
747,146
15,712,480
 
33,797,760
IT Services — 1.3%
Akamai Technologies, Inc.(a)
218,658
25,847,562
Amdocs Ltd.
161,286
8,151,394
Applied Digital Corp.(a)
388,639
14,496,235
Cognizant Technology Solutions Corp., Class A
720,039
27,887,110
EPAM Systems, Inc.(a)(b)
77,676
6,163,591
Kyndryl Holdings, Inc.(a)
319,577
3,614,416
MongoDB, Inc., Class A(a)
10,642
3,574,648
Okta, Inc., Class A(a)
255,861
34,912,233
Twilio, Inc., Class A(a)
191,398
39,491,149
VeriSign, Inc.
123,851
31,155,958
 
195,294,296
Leisure Products — 0.2%
Brunswick Corp.
98,582
8,304,548
Hasbro, Inc.
161,000
13,296,990
Mattel, Inc.(a)
440,181
6,109,712
YETI Holdings, Inc.(a)(b)
114,862
5,692,561
 
33,403,811
Life Sciences Tools & Services — 2.5%
Agilent Technologies, Inc.
429,577
57,060,713
Avantor, Inc.(a)
1,005,528
9,954,727
Bio-Rad Laboratories, Inc., Class A(a)
27,693
8,130,942
Bio-Techne Corp.
237,823
16,802,195
Bruker Corp.
169,184
10,181,493
Charles River Laboratories International, Inc.(a)
74,087
16,802,191
Illumina, Inc.(a)
230,947
40,607,411
IQVIA Holdings, Inc.(a)
253,103
48,904,562
Mettler-Toledo International, Inc.(a)
30,712
39,234,887
QIAGEN NV
314,357
12,291,359
Repligen Corp.(a)
81,215
11,080,974
Revvity, Inc.
170,338
18,951,806
Sotera Health Co.(a)
426,060
7,562,565
Waters Corp.(a)
149,504
56,069,980
West Pharmaceutical Services, Inc.
106,254
38,145,186
 
391,780,991
Machinery — 4.6%
AGCO Corp.
91,272
10,925,258
Allison Transmission Holdings, Inc.
107,126
12,077,385
Chart Industries, Inc.(a)
72,775
15,205,609
CNH Industrial NV
1,328,574
14,919,886
Crane Co.
75,517
16,845,577
Donaldson Co., Inc.
174,254
15,642,782
Dover Corp.
202,680
45,457,071
Esab Corp.
86,818
8,562,859
Flowserve Corp.
195,720
14,514,595
Fortive Corp.
464,341
28,366,592
Gates Industrial Corp. PLC(a)
381,231
10,663,031
Graco, Inc.
251,788
19,037,691
IDEX Corp.
112,271
25,479,904
Ingersoll Rand, Inc.
595,274
48,806,515
ITT, Inc.
136,040
26,903,270
Lincoln Electric Holdings, Inc.
62,091
16,485,782
Middleby Corp. (The)(a)
66,111
11,371,753
Mueller Industries, Inc.
165,558
20,352,045
Security
 
Shares
Value
Machinery (continued)
Nordson Corp.
79,977
$  24,128,261
Oshkosh Corp.
95,040
14,586,739
Otis Worldwide Corp.
584,092
41,820,987
Pentair PLC
244,506
18,743,830
RBC Bearings, Inc.(a)
38,915
25,063,595
Snap-on, Inc.
76,946
30,963,070
SPX Technologies, Inc.(a)
74,208
18,193,575
Stanley Black & Decker, Inc.
237,038
22,310,017
Timken Co. (The)
98,226
14,274,202
Toro Co. (The)
145,750
14,198,965
Watts Water Technologies, Inc., Class A
41,564
16,270,228
Westinghouse Air Brake Technologies Corp.
256,620
69,184,752
Xylem, Inc.
360,673
42,635,155
 
713,990,981
Marine Transportation — 0.1%
Kirby Corp.(a)
81,294
11,053,545
Media — 1.0%
Charter Communications, Inc., Class A(a)(b)
119,398
16,979,590
EchoStar Corp., Class A(a)(b)
28,592
2,902,088
Fox Corp., Class A, NVS
302,953
15,802,029
Fox Corp., Class B
210,047
9,838,601
Liberty Broadband Corp., Class A(a)
25,976
864,481
Liberty Broadband Corp., Class C, NVS(a)
177,063
5,889,115
New York Times Co. (The), Class A
234,912
16,439,142
News Corp., Class A, NVS
565,364
14,037,988
News Corp., Class B
185,891
5,216,101
Nexstar Media Group, Inc., Class A
43,461
7,761,700
NIQ Global Intelligence PLC(a)(b)
79,321
741,651
Omnicom Group, Inc.
429,837
31,305,029
Sirius XM Holdings, Inc.
270,235
7,982,742
Trade Desk, Inc. (The), Class A(a)
452,399
8,179,374
Versant Media Group, Inc.
215,502
7,760,227
 
151,699,858
Metals & Mining — 1.7%
Alcoa Corp.
400,483
20,881,184
Almonty Industries, Inc.(a)
16,596
274,830
Anglogold Ashanti PLC
73,584
5,952,210
Cleveland-Cliffs, Inc.(a)
872,913
8,196,653
Coeur Mining, Inc.
1,567,500
25,581,600
Hecla Mining Co.
912,830
14,084,967
MP Materials Corp., Class A(a)(b)
216,416
12,121,460
Nucor Corp.
335,245
74,675,824
Reliance, Inc.
77,712
29,033,203
Royal Gold, Inc.
129,387
25,826,939
Steel Dynamics, Inc.
188,029
43,145,134
 
259,774,004
Mortgage Real Estate Investment Trusts (REITs) — 0.4%
AGNC Investment Corp.
1,748,031
19,053,538
Annaly Capital Management, Inc.
1,119,534
25,032,780
Rithm Capital Corp.
850,792
7,988,937
Starwood Property Trust, Inc.
535,442
8,770,540
 
60,845,795
Multi-Utilities — 2.5%
Ameren Corp.
420,423
47,524,616
CenterPoint Energy, Inc.
998,100
43,956,324
CMS Energy Corp.
466,907
35,718,385
Consolidated Edison, Inc.
560,677
62,027,697
DTE Energy Co.
315,833
48,123,474
NiSource, Inc.
730,136
34,717,967
Public Service Enterprise Group, Inc.
759,201
61,616,753
WEC Energy Group, Inc.
495,783
57,892,581
 
391,577,797
5

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® Russell Mid-Cap Value ETF
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Office REITs — 0.3%
BXP, Inc.
241,678
$  16,025,668
Cousins Properties, Inc.
248,850
7,460,523
Kilroy Realty Corp.
176,032
6,595,919
Vornado Realty Trust
267,185
10,500,371
 
40,582,481
Oil, Gas & Consumable Fuels — 5.3%
Antero Midstream Corp.
503,481
11,454,193
Antero Resources Corp.(a)
450,913
15,845,083
APA Corp.
537,970
17,521,683
Cheniere Energy, Inc.
296,924
70,967,805
Chord Energy Corp.
85,892
9,817,456
Devon Energy Corp.
1,714,402
70,839,091
Diamondback Energy, Inc.
291,325
51,209,108
DT Midstream, Inc.
155,150
22,766,711
EQT Corp.
917,524
48,784,751
Expand Energy Corp.
345,240
31,482,436
HF Sinclair Corp.
236,112
16,445,201
Kinder Morgan, Inc.
2,957,722
94,558,372
Marathon Petroleum Corp.
219,197
56,042,097
Matador Resources Co.
160,433
7,986,355
Occidental Petroleum Corp.
1,102,936
53,569,601
ONEOK, Inc.
958,694
83,348,856
Ovintiv, Inc.
431,379
22,712,104
Permian Resources Corp., Class A
1,054,195
19,407,730
Phillips 66
572,443
96,771,489
Range Resources Corp.
355,758
13,230,640
Viper Energy, Inc., Class A
287,694
12,198,226
 
826,958,988
Paper & Forest Products — 0.0%
Louisiana-Pacific Corp.
95,478
7,510,299
Passenger Airlines — 1.2%
Alaska Air Group, Inc.(a)
143,188
7,474,414
Delta Air Lines, Inc.
934,982
87,570,414
Southwest Airlines Co.
636,943
32,751,609
United Airlines Holdings, Inc.(a)
462,420
62,884,496
 
190,680,933
Personal Care Products — 0.6%
elf Beauty, Inc.(a)
89,308
6,608,792
Estee Lauder Cos., Inc. (The), Class A
309,117
24,404,787
Kenvue, Inc.
2,883,444
55,102,615
 
86,116,194
Pharmaceuticals — 0.8%
Elanco Animal Health, Inc.(a)
753,909
18,553,700
Jazz Pharmaceuticals PLC(a)
90,998
21,927,788
Organon & Co.
402,425
5,448,835
Royalty Pharma PLC, Class A
631,271
35,395,365
Viatris, Inc.
1,773,314
28,160,226
Zoetis, Inc., Class A
136,649
9,819,597
 
119,305,511
Professional Services — 2.0%
Amentum Holdings, Inc.(a)
232,714
4,810,198
Booz Allen Hamilton Holding Corp., Class A
141,642
8,593,420
Broadridge Financial Solutions, Inc.
175,954
24,096,900
CACI International, Inc., Class A(a)
33,245
15,401,079
Equifax, Inc.
180,844
28,703,560
ExlService Holdings, Inc.(a)
191,007
4,939,441
FTI Consulting, Inc.(a)
45,266
6,745,087
Genpact Ltd.
236,785
6,511,588
Jacobs Solutions, Inc.
178,328
22,469,328
KBR, Inc.
191,416
6,609,594
Leidos Holdings, Inc.
191,216
19,689,512
Parsons Corp.(a)
56,464
2,958,149
Paychex, Inc.
489,598
48,142,171
Security
 
Shares
Value
Professional Services (continued)
Paycom Software, Inc.
62,484
$  7,852,989
Paylocity Holding Corp.(a)
61,695
6,448,978
Robert Half, Inc.
149,989
4,604,662
Science Applications International Corp.
65,403
7,221,145
SS&C Technologies Holdings, Inc.
316,453
19,635,909
TransUnion
293,733
21,189,899
UL Solutions, Inc., Class A
76,523
7,794,633
Verisk Analytics, Inc.
198,933
35,714,441
 
310,132,683
Real Estate Management & Development — 0.7%
CBRE Group, Inc., Class A(a)
402,106
54,159,657
CoStar Group, Inc.(a)
550,727
15,596,589
Howard Hughes Holdings, Inc.(a)(b)
47,144
3,370,325
Jones Lang LaSalle, Inc.(a)
66,629
20,651,658
Zillow Group, Inc., Class A(a)
60,856
1,909,053
Zillow Group, Inc., Class C, NVS(a)
246,745
7,777,402
 
103,464,684
Residential REITs — 1.6%
American Homes 4 Rent, Class A
511,609
17,149,134
AvalonBay Communities, Inc.
211,866
39,976,996
Camden Property Trust
150,311
17,209,106
Equity LifeStyle Properties, Inc.
294,341
18,970,277
Equity Residential
566,698
38,495,795
Essex Property Trust, Inc.
97,063
28,302,600
Invitation Homes, Inc.
904,058
27,311,592
Mid-America Apartment Communities, Inc.
175,367
24,365,491
Sun Communities, Inc.
186,193
22,326,403
UDR, Inc.
494,811
19,752,855
 
253,860,249
Retail REITs — 1.2%
Agree Realty Corp.
180,380
13,661,981
Brixmor Property Group, Inc.
463,520
14,614,786
Federal Realty Investment Trust
130,242
16,077,072
Kimco Realty Corp.
1,008,701
25,570,570
NNN REIT, Inc.
288,498
13,423,812
Realty Income Corp.
1,419,687
87,963,807
Regency Centers Corp.
277,312
22,112,859
 
193,424,887
Semiconductors & Semiconductor Equipment — 2.1%
Amkor Technology, Inc.
189,620
16,350,932
Cirrus Logic, Inc.(a)
77,513
11,513,006
Enphase Energy, Inc.(a)
195,416
9,622,284
Entegris, Inc.
198,231
35,653,828
First Solar, Inc.(a)
146,606
34,593,152
GLOBALFOUNDRIES, Inc.
192,439
15,858,898
MKS, Inc.
93,160
41,437,568
ON Semiconductor Corp.(a)
566,394
53,546,889
Onto Innovation, Inc.(a)
60,892
23,044,577
Qnity Electronics, Inc.
318,911
52,081,355
Qorvo, Inc.(a)
128,054
11,943,596
Skyworks Solutions, Inc.
228,377
15,483,961
Universal Display Corp.
65,657
5,685,240
 
326,815,286
Software — 2.6%
Aurora Innovation, Inc., Class A(a)(b)
1,837,534
12,531,982
Bentley Systems, Inc., Class B
198,693
5,938,934
BILL Holdings, Inc.(a)
132,292
4,783,679
BitMine Immersion Technologies, Inc.
859,980
11,446,334
CCC Intelligent Solutions Holdings, Inc.(a)
836,160
4,314,586
Circle Internet Group, Inc., Class A(a)(b)
272,874
17,090,099
Docusign, Inc.(a)
276,900
12,299,898
Dolby Laboratories, Inc., Class A
93,264
4,903,821
Dropbox, Inc., Class A(a)
231,972
6,372,271
6

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® Russell Mid-Cap Value ETF
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Software (continued)
Dynatrace, Inc.(a)
371,844
$  16,327,670
Elastic NV(a)
67,755
3,863,390
Fair Isaac Corp.(a)(b)
6,149
7,346,702
Figma, Inc., Class A(a)
325,213
5,883,103
Gen Digital, Inc.
745,566
18,557,138
Gitlab, Inc., Class A(a)
217,529
6,641,160
Guidewire Software, Inc.(a)
61,391
7,554,162
HubSpot, Inc.(a)
8,788
1,603,898
IREN Ltd.(a)(b)
432,214
19,765,146
Klaviyo, Inc., Class A(a)
164,314
2,481,141
Nutanix, Inc., Class A(a)
395,231
20,140,972
Pegasystems, Inc.
95,200
2,853,144
PTC, Inc.(a)
180,084
20,459,343
RingCentral, Inc., Class A
100,449
3,915,502
Roper Technologies, Inc.
155,535
52,631,489
Rubrik, Inc., Class A(a)
77,280
6,204,038
SailPoint, Inc.(a)(b)
103,365
1,513,264
SentinelOne, Inc., Class A(a)
153,470
2,604,386
Trimble, Inc.(a)
352,828
18,057,737
Tyler Technologies, Inc.(a)
64,165
18,765,696
UiPath, Inc., Class A(a)(b)
608,606
6,615,547
Unity Software, Inc.(a)
550,032
15,719,914
Workday, Inc., Class A(a)
288,693
35,341,797
Zoom Communications, Inc., Class A(a)
403,913
34,861,731
 
409,389,674
Specialized REITs — 2.7%
Crown Castle, Inc.
663,717
50,263,288
CubeSmart
345,130
13,725,820
Digital Realty Trust, Inc.
531,744
95,490,588
EPR Properties
115,058
6,674,515
Extra Space Storage, Inc.
319,840
46,472,752
Fermi, Inc.(a)
313,225
2,869,141
Gaming & Leisure Properties, Inc.
415,133
18,485,873
Iron Mountain, Inc.
449,591
56,787,839
Lamar Advertising Co., Class A
100,046
15,605,175
Millrose Properties, Inc., Class A
235,113
7,065,146
National Storage Affiliates Trust
110,637
4,920,027
Rayonier, Inc.
460,475
9,798,908
SBA Communications Corp., Class A
160,785
28,372,121
VICI Properties, Inc.
1,656,316
43,975,190
Weyerhaeuser Co.
1,098,844
26,306,325
 
426,812,708
Specialty Retail — 1.4%
AutoNation, Inc.(a)(b)
37,570
6,980,130
Bath & Body Works, Inc.
306,679
7,093,485
Best Buy Co., Inc.
300,914
22,833,354
CarMax, Inc.(a)
215,199
11,381,875
Dicks Sporting Goods, Inc.
96,375
21,858,814
Five Below, Inc.(a)
49,741
8,942,935
Floor & Decor Holdings, Inc., Class A(a)
162,486
9,645,169
GameStop Corp., Class A(a)(b)
624,941
13,798,697
Gap, Inc. (The)
339,233
6,336,873
Lithia Motors, Inc., Class A
34,253
9,950,154
Penske Automotive Group, Inc.
26,935
4,820,018
Tractor Supply Co.
802,229
25,358,459
Ulta Beauty, Inc.(a)
51,596
23,268,764
Valvoline, Inc.(a)
22,428
886,803
Wayfair, Inc., Class A(a)
157,133
14,522,232
Williams-Sonoma, Inc.
155,262
36,191,572
 
223,869,334
Technology Hardware, Storage & Peripherals — 1.3%
Everpure, Inc., Class A(a)
65,366
5,150,187
Hewlett Packard Enterprise Co.
2,014,248
90,862,727
HP, Inc.
1,394,430
30,593,794
Security
 
Shares
Value
Technology Hardware, Storage & Peripherals (continued)
IonQ, Inc.(a)(b)
559,913
$  29,820,966
NetApp, Inc.
192,840
29,843,919
Super Micro Computer, Inc.(a)
770,276
22,592,195
 
208,863,788
Textiles, Apparel & Luxury Goods — 0.5%
Amer Sports, Inc.(a)(b)
237,147
8,025,055
Birkenstock Holding PLC(a)(b)
61,263
2,636,147
Columbia Sportswear Co.
32,778
2,026,336
Crocs, Inc.(a)
73,772
8,899,854
Deckers Outdoor Corp.(a)
196,497
19,510,187
Lululemon Athletica, Inc.(a)
152,202
17,378,424
PVH Corp.
69,658
5,172,803
Ralph Lauren Corp., Class A
20,597
8,267,842
VF Corp.
534,185
8,910,206
 
80,826,854
Trading Companies & Distributors — 2.2%
Applied Industrial Technologies, Inc.
56,081
18,963,790
Core & Main, Inc., Class A(a)
285,929
13,796,074
Fastenal Co.
317,735
15,260,812
Ferguson Enterprises, Inc.
276,374
65,591,841
MSC Industrial Direct Co., Inc., Class A
69,554
8,273,448
QXO, Inc.(a)(b)
1,053,396
18,202,683
SiteOne Landscape Supply, Inc.(a)
66,489
7,607,007
Sunbelt Rentals Holdings, Inc.
625,921
46,825,150
United Rentals, Inc.
73,078
82,789,336
Watsco, Inc.
53,304
22,213,376
WESCO International, Inc.
72,570
25,067,855
WW Grainger, Inc.
9,376
12,755,110
 
337,346,482
Water Utilities — 0.4%
American Water Works Co., Inc.
296,152
38,967,680
Essential Utilities, Inc.
434,223
16,635,083
 
55,602,763
Wireless Telecommunication Services — 0.1%
Millicom International Cellular SA
137,926
12,518,164
Total Common Stocks — 99.9%
(Cost: $13,443,361,475)
15,506,006,491
Rights
Capital Markets — 0.0%
TPG, Inc., CVR(a)
318,653
3,186
Total Rights — 0.0%
(Cost: $ —)
3,186
Total Long-Term Investments — 99.9%
(Cost: $13,443,361,475)
15,506,009,677
7

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® Russell Mid-Cap Value ETF
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Short-Term Securities
Money Market Funds — 1.5%
BlackRock Cash Funds: Institutional, SL Agency
Shares, 3.82%(c)(d)(e)
225,068,419
$  225,135,940
BlackRock Cash Funds: Treasury, SL Agency
Shares, 3.62%(c)(d)
5,615,510
5,615,510
Total Short-Term Securities — 1.5%
(Cost: $230,582,306)
230,751,450
Total Investments — 101.4%
(Cost: $13,673,943,781)
15,736,761,127
Liabilities in Excess of Other Assets — (1.4)%
(214,043,538
)
Net Assets — 100.0%
$  15,522,717,589
(a)
Non-income producing security.
(b)
All or a portion of this security is on loan.
(c)
Affiliate of the Fund.
(d)
Annualized 7-day yield as of period end.
(e)
All or a portion of this security was purchased with the cash collateral from loaned
securities.
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended 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
$  294,972,998
$  
$  (69,864,256
)(a)
$  4,691
$  22,507
$  225,135,940
225,068,419
$  264,555
(b)
$  
BlackRock Cash
Funds: Treasury, SL Agency
Shares
24,843,555
(19,228,045
)(a)
5,615,510
5,615,510
207,502
 
$  4,691
$  22,507
$  230,751,450
$  472,057
$  
(a)
Represents net amount purchased (sold).
(b)
All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and
from borrowers of securities.
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
Description
Number of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long Contracts
 
 
S&P 500 E-Mini Index
5
09/18/26
$  1,887
$  17,560
S&P Mid 400 E-Mini Index
65
09/18/26
25,253
88,348
 
 
 
$  105,908
8

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® Russell Mid-Cap Value ETF
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 Funds financial instruments categorized in the fair value hierarchy. The breakdown of the Funds 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
$  15,498,211,584
$  7,794,907
$  
$  15,506,006,491
Rights
3,186
3,186
Short-Term Securities
Money Market Funds
230,751,450
230,751,450
 
$  15,728,963,034
$  7,798,093
$  
$  15,736,761,127
Derivative Financial Instruments(a)
Assets
Equity Contracts
$  105,908
$  
$  
$  105,908
(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
9