Schedule of Investments (unaudited) 
June 30, 2026
iShares® ESG Select Screened S&P Small-Cap ETF
(Percentages shown are based on Net Assets)
Security
 

Shares
Value
Common Stocks
Aerospace & Defense — 1.1%
AAR Corp.(a)
3,822
$  546,278
Mercury Systems, Inc.(a)
5,154
630,489
VSE Corp.
2,741
626,319
 
1,803,086
Air Freight & Logistics — 0.2%
Hub Group, Inc., Class A
5,901
258,405
Automobile Components — 1.3%
Adient PLC(a)
7,716
141,820
Dana, Inc.
10,600
288,426
Dauch Corp.(a)
23,118
125,299
Dorman Products, Inc.(a)(b)
2,655
362,275
Fox Factory Holding Corp.(a)
4,085
69,220
Gentherm, Inc.(a)
2,987
101,887
LCI Industries
2,366
250,512
Patrick Industries, Inc.
3,206
287,835
Phinia, Inc.
3,605
296,944
Standard Motor Products, Inc.
2,061
80,317
XPEL, Inc.(a)
2,443
121,173
 
2,125,708
Automobiles — 0.1%
Winnebago Industries, Inc.
2,752
85,972
Banks — 8.6%
Ameris Bancorp
5,737
517,822
Atlantic Union Bankshares Corp.
13,025
551,088
Axos Financial, Inc.(a)
5,177
504,188
Banc of California, Inc.
12,451
254,374
BancFirst Corp.
2,027
225,260
Bancorp, Inc. (The)(a)
3,789
237,343
Bank of Hawaii Corp.
3,606
293,853
BankUnited, Inc.
6,182
299,518
Banner Corp.
3,082
204,768
Beacon Financial Corp.
7,628
232,273
Capitol Federal Financial, Inc.
11,358
96,657
Cathay General Bancorp
6,101
378,201
Central Pacific Financial Corp.
2,178
83,200
City Holding Co.
1,373
182,115
Community Financial System, Inc.
4,783
321,035
Customers Bancorp, Inc.(a)
3,061
242,125
CVB Financial Corp.
15,233
343,504
Dime Commercial Bancshares, Inc.
3,982
161,868
Eagle Bancorp, Inc.
2,702
76,710
FB Financial Corp.
3,913
216,584
First BanCorp/Puerto Rico
13,981
364,485
First Bancorp/Southern Pines NC
4,029
257,574
First Commonwealth Financial Corp.
9,859
200,433
First Financial Bancorp
9,454
319,829
First Hawaiian, Inc.
11,885
348,230
First Interstate BancSystem, Inc., Class A
8,231
317,387
Fulton Financial Corp.
17,157
415,028
Hanmi Financial Corp.
2,690
87,156
Heritage Financial Corp.
3,751
111,105
Hilltop Holdings, Inc.
4,017
155,779
Hope Bancorp, Inc.
12,443
170,220
Independent Bank Corp.
4,398
368,201
Lakeland Financial Corp.
2,425
149,671
National Bank Holdings Corp., Class A
4,076
181,097
NBT Bancorp, Inc.
5,062
249,911
Northwest Bancshares, Inc.
13,316
201,871
OFG Bancorp
3,836
188,232
Security
 
Shares
Value
Banks (continued)
Park National Corp.
1,567
$  286,745
Pathward Financial, Inc.
1,921
167,242
Preferred Bank
561
59,612
Provident Financial Services, Inc.
11,860
280,370
Renasant Corp.
8,397
357,208
S&T Bancorp, Inc.
3,274
160,688
Seacoast Banking Corp. of Florida
8,757
291,170
ServisFirst Bancshares, Inc.
4,897
424,815
Simmons First National Corp., Class A
13,202
299,025
Southside Bancshares, Inc.
2,725
95,893
Stellar Bancorp, Inc.
4,492
176,625
Tompkins Financial Corp.
1,232
116,449
Triumph Financial, Inc.(a)
2,202
168,035
TrustCo Bank Corp.
1,592
87,417
Trustmark Corp.
5,704
262,441
United Community Banks, Inc.
9,796
343,742
WaFd, Inc.
6,693
256,810
Westamerica BanCorp
2,138
125,436
WSFS Financial Corp.
4,737
363,470
 
13,831,888
Beverages — 0.2%
National Beverage Corp.(a)
2,278
71,074
Vita Coco Co., Inc. (The)(a)
4,282
283,211
 
354,285
Biotechnology — 3.8%
ACADIA Pharmaceuticals, Inc.(a)
12,340
312,202
ADMA Biologics, Inc.(a)
22,573
188,936
Alkermes PLC(a)
16,263
852,100
Arcus Biosciences, Inc.(a)
8,454
260,637
Catalyst Pharmaceuticals, Inc.(a)
11,205
352,173
Krystal Biotech, Inc.(a)
2,559
951,103
Protagonist Therapeutics, Inc.(a)(b)
5,897
722,854
PTC Therapeutics, Inc.(a)
8,096
660,391
Sarepta Therapeutics, Inc.(a)(b)
10,284
184,803
TG Therapeutics, Inc.(a)
12,864
706,748
Veracyte, Inc.(a)
7,797
457,918
Vericel Corp.(a)
4,995
222,228
Vir Biotechnology, Inc.(a)
11,921
121,475
Xencor, Inc.(a)
7,220
116,242
 
6,109,810
Broadline Retail — 0.6%
Etsy, Inc.(a)
9,265
697,932
Kohls Corp.
10,932
193,715
 
891,647
Building Products — 2.5%
Apogee Enterprises, Inc.
2,067
94,545
Armstrong World Industries, Inc.
4,166
668,310
AZZ, Inc.
2,911
451,350
CSW Industrials, Inc.
1,609
447,785
Gibraltar Industries, Inc.(a)
2,924
131,872
Griffon Corp.
3,754
366,128
Hayward Holdings, Inc.(a)
19,442
336,541
Masterbrand, Inc.(a)
19,773
203,464
Quanex Building Products Corp.
4,431
82,505
Resideo Technologies, Inc.(a)
13,618
423,520
Zurn Elkay Water Solutions Corp.
14,487
732,028
 
3,938,048
Capital Markets — 3.1%
Acadian Asset Management, Inc.(b)
2,567
183,592
Artisan Partners Asset Management, Inc., Class A
6,913
238,706
1

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® ESG Select Screened S&P Small-Cap ETF
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Capital Markets (continued)
BGC Group, Inc., Class A
35,997
$  384,808
Cohen & Steers, Inc.
2,723
207,329
Donnelley Financial Solutions, Inc.(a)
2,434
102,106
MarketAxess Holdings, Inc.
3,225
366,005
Moelis & Co., Class A
6,021
393,894
Piper Sandler Cos.
6,582
476,142
PJT Partners, Inc., Class A
2,525
381,124
StepStone Group, Inc., Class A
6,710
277,526
StoneX Group, Inc.(a)
6,880
815,280
Victory Capital Holdings, Inc., Class A
4,507
378,858
Virtu Financial, Inc., Class A
7,969
474,713
Virtus Investment Partners, Inc.
612
87,822
WisdomTree, Inc.
12,247
207,464
 
4,975,369
Chemicals — 3.2%
Balchem Corp.
3,138
530,165
Celanese Corp., Class A
10,713
492,798
Eastman Chemical Co.
11,162
747,631
Element Solutions, Inc.
22,338
1,066,640
FMC Corp.
12,180
140,070
Hawkins, Inc.
2,031
288,605
HB Fuller Co.
5,325
310,394
Ingevity Corp.(a)(b)
3,399
253,803
Innospec, Inc.
2,412
196,313
Koppers Holdings, Inc.
1,874
84,143
Minerals Technologies, Inc.
3,022
223,537
Quaker Chemical Corp.
1,344
213,521
Sensient Technologies Corp.
4,146
511,160
Stepan Co.
2,100
117,012
 
5,175,792
Commercial Services & Supplies — 2.3%
ABM Industries, Inc.
5,699
252,124
Brady Corp., Class A, NVS
4,268
390,821
Casella Waste Systems, Inc., Class A(a)
6,116
593,068
Deluxe Corp.
4,459
106,481
GEO Group, Inc. (The)(a)
12,772
377,413
Healthcare Services Group, Inc.(a)
6,687
164,233
HNI Corp.
6,840
276,404
Interface, Inc., Class A
5,682
203,643
Liquidity Services, Inc.(a)
2,309
90,328
Millerknoll, Inc.
6,659
136,243
OPENLANE, Inc.(a)
10,318
425,514
Pitney Bowes, Inc.
6,898
120,853
UniFirst Corp.
1,422
376,062
Vestis Corp.(a)
10,935
158,776
 
3,671,963
Communications Equipment — 1.6%
Calix, Inc.(a)
5,654
211,007
Digi International, Inc.(a)
3,671
275,142
Extreme Networks, Inc.(a)
12,738
412,329
Harmonic, Inc.(a)
10,566
172,543
NetScout Systems, Inc.(a)(b)
6,652
289,695
Viasat, Inc.(a)(b)
13,256
1,190,521
 
2,551,237
Construction & Engineering — 2.6%
Arcosa, Inc.
4,792
696,230
Argan, Inc.
1,362
1,087,625
Granite Construction, Inc.
4,271
675,160
MYR Group, Inc.(a)
1,521
761,108
Security
 
Shares
Value
Construction & Engineering (continued)
Primoris Services Corp.
5,292
$  524,543
WillScot Holdings Corp., Class A
17,628
508,744
 
4,253,410
Consumer Finance — 0.8%
Bread Financial Holdings, Inc.
2,060
223,201
Encore Capital Group, Inc.(a)
2,087
194,696
Enova International, Inc.(a)
2,427
584,252
Navient Corp.
6,318
53,766
PROG Holdings, Inc.
3,902
181,872
World Acceptance Corp.(a)
270
60,434
 
1,298,221
Consumer Staples Distribution & Retail — 0.9%
Andersons, Inc. (The)
3,286
224,762
Chefs Warehouse, Inc. (The)(a)(b)
3,547
340,867
Grocery Outlet Holding Corp.(a)
9,635
96,157
PriceSmart, Inc.
2,469
482,295
United Natural Foods, Inc.(a)(b)
5,917
270,229
 
1,414,310
Containers & Packaging — 0.1%
O-I Glass, Inc.(a)(b)
14,932
143,795
Distributors — 0.4%
LKQ Corp.
24,876
654,985
Diversified Consumer Services — 1.8%
ADT, Inc.
55,167
358,585
Bright Horizons Family Solutions, Inc.(a)
5,124
363,189
Covista, Inc.(a)
3,326
414,619
Frontdoor, Inc.(a)
6,862
532,423
Laureate Education, Inc., Class A(a)
12,405
450,550
Matthews International Corp., Class A
3,040
81,837
Perdoceo Education Corp.
5,366
171,712
Strategic Education, Inc.
2,195
168,181
Stride, Inc.(a)
4,081
351,945
 
2,893,041
Diversified REITs — 0.8%
American Assets Trust, Inc.
4,613
113,895
Broadstone Net Lease, Inc.
18,676
386,033
Essential Properties Realty Trust, Inc.
21,113
630,223
Global Net Lease, Inc.
18,561
165,935
 
1,296,086
Diversified Telecommunication Services — 1.0%
Cogent Communications Holdings, Inc.
4,651
64,556
Iridium Communications, Inc.
10,298
564,845
Lumen Technologies, Inc.(a)
92,515
710,515
Uniti Group, Inc.(a)
17,738
203,455
 
1,543,371
Electric Utilities — 0.1%
Hawaiian Electric Industries, Inc.(a)
16,815
227,507
Electrical Equipment — 0.7%
Powell Industries, Inc.(b)
2,772
793,790
Sunrun, Inc.(a)
23,234
310,871
 
1,104,661
Electronic Equipment, Instruments & Components — 3.2%
Arlo Technologies, Inc.(a)
10,576
142,565
Badger Meter, Inc.
2,844
421,993
Benchmark Electronics, Inc.
3,511
346,430
CTS Corp.
2,786
181,619
ePlus, Inc.
2,547
211,987
Insight Enterprises, Inc.(a)
2,941
358,214
2

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® ESG Select Screened S&P Small-Cap ETF
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Electronic Equipment, Instruments & Components (continued)
Itron, Inc.(a)(b)
4,319
$  373,723
Knowles Corp.(a)
8,359
346,731
Mirion Technologies, Inc., Class A(a)
23,866
427,917
Napco Security Technologies, Inc.
3,479
132,132
OSI Systems, Inc.(a)
1,510
330,237
PC Connection, Inc.
1,105
80,654
Plexus Corp.(a)
2,613
785,651
Rogers Corp.(a)
1,612
263,933
ScanSource, Inc.(a)
1,822
94,908
Vishay Intertechnology, Inc.
12,107
651,115
 
5,149,809
Energy Equipment & Services — 2.3%
Archrock, Inc.
17,096
695,978
Atlas Energy Solutions, Inc.
7,544
125,306
Bristow Group, Inc.
2,508
103,631
Cactus, Inc., Class A
6,762
346,417
Core Laboratories, Inc.
4,491
52,320
Helix Energy Solutions Group, Inc.(a)
13,343
116,618
Innovex International, Inc.(a)
3,748
92,950
Kodiak Gas Services, Inc.
9,554
717,792
Liberty Energy, Inc., Class A
15,896
416,316
Noble Corp. PLC
12,275
457,858
Patterson-UTI Energy, Inc.
33,764
309,954
Tidewater, Inc.(a)
4,505
300,168
 
3,735,308
Entertainment — 0.9%
Cinemark Holdings, Inc.
10,017
317,839
Madison Square Garden Sports Corp., Class A(a)(b)
1,754
704,827
Sphere Entertainment Co., Class A(a)
2,620
453,339
 
1,476,005
Financial Services — 2.0%
Enact Holdings, Inc.
2,721
124,377
EVERTEC, Inc.
6,000
166,680
HA Sustainable Infrastructure Capital, Inc.
12,447
486,055
Jackson Financial, Inc., Class A
3,151
322,631
Merchants Bancorp
2,863
143,150
NCR Atleos Corp.(a)
7,187
311,988
NMI Holdings, Inc., Class A(a)
7,398
303,984
Payoneer Global, Inc.(a)
24,679
175,714
Radian Group, Inc.
12,993
489,446
Sezzle, Inc.(a)
1,638
281,130
Walker & Dunlop, Inc.
3,344
182,917
Western Union Co. (The)
26,016
200,323
 
3,188,395
Food Products — 1.0%
Cal-Maine Foods, Inc.
4,351
350,517
Del Monte Corp.
3,196
89,200
Freshpet, Inc.(a)
4,812
284,485
J & J Snack Foods Corp.
1,461
107,310
John B Sanfilippo & Son, Inc.
887
76,273
Lamb Weston Holdings, Inc.
13,482
582,153
Simply Good Foods Co. (The)(a)
8,108
107,674
Tootsie Roll Industries, Inc.
1,970
77,914
 
1,675,526
Gas Utilities — 0.3%
Chesapeake Utilities Corp.
2,337
286,236
Northwest Natural Holding Co.
4,120
202,127
 
488,363
Ground Transportation — 1.2%
ArcBest Corp.
2,170
311,482
Security
 
Shares
Value
Ground Transportation (continued)
Heartland Express, Inc.
4,453
$  67,775
Hertz Global Holdings, Inc.(a)(b)
12,303
27,866
Lyft, Inc., Class A(a)
37,090
541,885
Marten Transport Ltd.
5,640
97,854
RXO, Inc.(a)
16,061
443,123
Schneider National, Inc., Class B
4,842
176,878
Werner Enterprises, Inc.
5,840
254,682
 
1,921,545
Health Care Equipment & Supplies — 2.8%
Artivion, Inc.(a)
4,160
93,475
Avanos Medical, Inc.(a)(b)
4,561
113,478
CONMED Corp.
2,932
95,964
Enovis Corp.(a)
5,607
116,065
Glaukos Corp.(a)
5,733
801,244
ICU Medical, Inc.(a)
2,443
358,144
Inspire Medical Systems, Inc.(a)(b)
2,554
113,934
Integer Holdings Corp.(a)
3,324
310,628
Integra LifeSciences Holdings Corp.(a)
6,517
117,045
LeMaitre Vascular, Inc.
2,049
196,622
Merit Medical Systems, Inc.(a)
5,832
404,391
Neogen Corp.(a)(b)
21,202
190,606
Omnicell, Inc.(a)
4,431
183,975
QuidelOrtho Corp.(a)
6,642
116,335
STAAR Surgical Co.(a)
4,847
139,060
Tandem Diabetes Care, Inc.(a)
6,673
100,696
Teleflex, Inc.
4,313
546,716
TransMedics Group, Inc.(a)
3,365
223,503
UFP Technologies, Inc.(a)
759
201,234
 
4,423,115
Health Care Providers & Services — 3.3%
Acadia Healthcare Co., Inc.(a)(b)
8,998
265,711
AdaptHealth Corp.(a)
10,501
109,421
Addus HomeCare Corp.(a)
1,780
178,837
AMN Healthcare Services, Inc.(a)
3,778
122,294
Astrana Health, Inc.(a)
4,135
191,905
BrightSpring Health Services, Inc.(a)
15,429
1,076,019
CorVel Corp.(a)
3,058
191,186
LifeStance Health Group, Inc.(a)
22,314
238,983
Molina Healthcare, Inc.(a)
5,082
1,162,255
National HealthCare Corp.
1,217
257,225
NeoGenomics, Inc.(a)
12,682
185,030
Pediatrix Medical Group, Inc.(a)
7,810
197,827
Privia Health Group, Inc.(a)
11,536
296,821
Progyny, Inc.(a)
7,094
204,520
RadNet, Inc.(a)(b)
6,893
425,091
Select Medical Holdings Corp.
10,749
177,466
U.S. Physical Therapy, Inc.
1,481
101,715
 
5,382,306
Health Care REITs — 0.3%
LTC Properties, Inc.
4,983
191,596
Medical Properties Trust, Inc.
47,766
220,679
 
412,275
Health Care Technology — 0.1%
Certara, Inc.(a)
11,362
74,421
HealthStream, Inc.
2,275
61,994
Schrodinger, Inc.(a)
5,555
90,269
 
226,684
Hotel & Resort REITs — 1.2%
Apple Hospitality REIT, Inc.
21,445
360,490
DiamondRock Hospitality Co.
19,914
242,553
3

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® ESG Select Screened S&P Small-Cap ETF
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Hotel & Resort REITs (continued)
Pebblebrook Hotel Trust
10,317
$  200,253
Ryman Hospitality Properties, Inc.
6,160
791,868
Sunstone Hotel Investors, Inc.
18,142
207,726
Xenia Hotels & Resorts, Inc.
8,983
182,894
 
1,985,784
Hotels, Restaurants & Leisure — 2.8%
BJs Restaurants, Inc.(a)
2,049
124,446
Brinker International, Inc.(a)(b)
4,185
703,080
Caesars Entertainment, Inc.(a)
19,889
600,250
Cheesecake Factory, Inc. (The)
4,465
355,146
Cracker Barrel Old Country Store, Inc.
2,178
116,087
Life Time Group Holdings, Inc.(a)
14,997
612,478
Marriott Vacations Worldwide Corp.
2,676
272,631
Monarch Casino & Resort, Inc.
1,186
156,089
Papa Johns International, Inc.
3,206
117,885
Penn Entertainment, Inc.(a)
12,364
264,095
Pursuit Attractions & Hospitality, Inc.(a)(b)
2,021
113,115
Red Rock Resorts, Inc., Class A
4,621
300,642
Sabre Corp.(a)
38,501
80,467
Shake Shack, Inc., Class A(a)
3,928
220,047
Six Flags Entertainment Corp.(a)(b)
9,953
211,999
United Parks & Resorts, Inc.(a)
2,297
109,659
Wendys Co. (The)(b)
15,396
127,633
 
4,485,749
Household Durables — 2.7%
Cavco Industries, Inc.(a)
757
465,086
Century Communities, Inc.
2,453
175,782
Champion Homes, Inc.(a)
5,403
476,112
Dream Finders Homes, Inc., Class A(a)(b)
2,699
46,585
Green Brick Partners, Inc.(a)
2,954
236,438
Installed Building Products, Inc.
2,191
503,579
La-Z-Boy, Inc.
3,984
159,838
Leggett & Platt, Inc.
13,288
155,603
LGI Homes, Inc.(a)
1,993
126,914
M/I Homes, Inc.(a)
2,500
401,975
Meritage Homes Corp.
6,494
544,522
Mohawk Industries, Inc.(a)
4,988
605,194
Newell Brands, Inc.
41,381
254,079
Sonos, Inc.(a)
11,602
156,975
 
4,308,682
Household Products — 0.5%
Central Garden & Pet Co.(a)
815
36,137
Central Garden & Pet Co., Class A, NVS(a)
4,998
193,773
Energizer Holdings, Inc.
5,934
127,225
Reynolds Consumer Products, Inc.
5,335
143,245
WD-40 Co.
1,313
319,899
 
820,279
Independent Power and Renewable Electricity Producers — 0.3%
Clearway Energy, Inc., Class C
11,843
404,794
Industrial REITs — 0.7%
Innovative Industrial Properties, Inc.
2,821
174,845
LXP Industrial Trust
5,741
309,325
Terreno Realty Corp.
10,380
672,313
 
1,156,483
Insurance — 1.8%
AMERISAFE, Inc.
1,821
61,605
Assured Guaranty Ltd.
4,071
326,331
Employers Holdings, Inc.
1,660
83,797
Genworth Financial, Inc., Class A(a)
31,998
303,021
Goosehead Insurance, Inc., Class A(a)
2,306
111,841
Security
 
Shares
Value
Insurance (continued)
HCI Group, Inc.
1,035
$  181,384
Horace Mann Educators Corp.
3,675
189,814
Kemper Corp.
2,609
70,339
Lincoln National Corp.
9,926
350,884
Mercury General Corp.
2,598
276,999
Palomar Holdings, Inc.(a)
2,593
327,729
Safety Insurance Group, Inc.
1,450
108,547
SiriusPoint Ltd.(a)
7,299
175,176
Stewart Information Services Corp.
2,965
195,749
Trupanion, Inc.(a)
3,312
82,038
United Fire Group, Inc.
2,148
112,641
 
2,957,895
Interactive Media & Services — 1.3%
Cargurus, Inc., Class A(a)
7,398
252,198
Match Group, Inc.
22,760
866,018
People, Inc.(a)
6,102
281,668
QuinStreet, Inc.(a)
5,596
81,981
TripAdvisor, Inc.(a)(b)
11,334
155,389
Yelp, Inc.(a)
5,086
124,709
Ziff Davis, Inc.(a)(b)
3,588
187,904
ZoomInfo Technologies, Inc., Class A(a)
25,259
74,009
 
2,023,876
IT Services — 0.1%
DXC Technology Co.(a)
15,922
140,910
Everforth, Inc.(a)
3,991
71,319
 
212,229
Leisure Products — 0.4%
Acushnet Holdings Corp.
2,690
318,846
Callaway Golf Co.(a)
13,305
250,001
 
568,847
Life Sciences Tools & Services — 0.2%
Azenta, Inc.(a)
3,993
101,902
BioLife Solutions, Inc.(a)
3,854
108,837
Fortrea Holdings, Inc.(a)
9,213
160,306
OmniAb, Inc., 12.50 Earnout Shares(a)(c)
262
OmniAb, Inc., 15.00 Earnout Shares(a)(c)
262
 
371,045
Machinery — 4.7%
Alamo Group, Inc.
1,061
174,524
Astec Industries, Inc.
2,241
137,127
Atmus Filtration Technologies, Inc.
7,953
405,523
Enerpac Tool Group Corp., Class A
5,050
181,093
Enpro, Inc.
2,061
776,853
ESCO Technologies, Inc.
2,527
884,551
Federal Signal Corp.
5,951
764,644
Franklin Electric Co., Inc.
3,702
396,817
Gates Industrial Corp. PLC(a)
24,781
693,125
Greenbrier Cos., Inc. (The)
3,034
148,696
JBT Marel Corp.(b)
5,083
737,035
Kadant, Inc.
1,154
362,621
Kennametal, Inc.
7,424
260,211
Lindsay Corp.
1,014
125,533
Mueller Water Products, Inc., Class A
15,240
393,649
Proto Labs, Inc.(a)
2,317
188,859
Standex International Corp.
1,182
422,766
Tennant Co.
1,659
145,229
Trinity Industries, Inc.
7,744
267,788
Worthington Enterprises, Inc.
3,024
162,570
 
7,629,214
4

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® ESG Select Screened S&P Small-Cap ETF
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Marine Transportation — 0.4%
Matson, Inc.
2,955
$  568,040
Media — 0.2%
DoubleVerify Holdings, Inc.(a)
12,404
134,459
John Wiley & Sons, Inc., Class A
3,835
186,036
Scholastic Corp.
1,594
73,324
 
393,819
Metals & Mining — 0.8%
Century Aluminum Co.(a)
5,494
252,779
Kaiser Aluminum Corp.
1,577
308,509
Materion Corp.
2,031
603,999
Metallus, Inc.(a)
3,486
65,153
 
1,230,440
Mortgage Real Estate Investment Trusts (REITs) — 1.0%
Adamas Trust, Inc.
8,138
76,334
Arbor Realty Trust, Inc.
14,947
81,013
ARMOUR Residential REIT, Inc.
12,081
210,814
Blackstone Mortgage Trust, Inc., Class A
15,222
258,013
Ellington Financial, Inc.
12,212
166,205
Franklin BSP Realty Trust, Inc.
7,496
61,017
PennyMac Mortgage Investment Trust
8,492
95,790
Redwood Trust, Inc.
12,196
57,809
Rithm Capital Corp.
54,545
512,178
Two Harbors Investment Corp.
10,232
126,979
 
1,646,152
Multi-Utilities — 0.3%
Avista Corp.
8,076
330,389
Unitil Corp.
1,753
92,366
 
422,755
Office REITs — 0.6%
Douglas Emmett, Inc.
13,961
164,740
Easterly Government Properties, Inc.
4,289
106,925
Highwoods Properties, Inc.
10,740
323,918
JBG SMITH Properties
5,674
83,238
SL Green Realty Corp.
6,916
358,041
 
1,036,862
Oil, Gas & Consumable Fuels — 0.8%
CVR Energy, Inc.
2,937
80,885
Dorian LPG Ltd.
3,581
124,547
International Seaways, Inc.
3,954
302,837
Kinetik Holdings, Inc., Class A
5,110
247,017
Par Pacific Holdings, Inc.(a)(b)
4,905
275,072
REX American Resources Corp.(a)
2,758
124,524
World Kinect Corp.
4,987
164,272
 
1,319,154
Paper & Forest Products — 0.1%
Sylvamo Corp.
3,250
122,850
Passenger Airlines — 0.5%
Allegiant Travel Co.(a)
2,185
256,956
JetBlue Airways Corp.(a)
28,985
166,084
SkyWest, Inc.(a)
3,878
385,202
 
808,242
Personal Care Products — 0.2%
Edgewell Personal Care Co.
4,490
120,602
Interparfums, Inc.
1,777
198,775
 
319,377
Pharmaceuticals — 2.1%
Amneal Pharmaceuticals, Inc., Class A(a)
16,778
290,427
Amphastar Pharmaceuticals, Inc.(a)
3,306
66,715
Security
 
Shares
Value
Pharmaceuticals (continued)
ANI Pharmaceuticals, Inc.(a)
1,776
$  147,017
Collegium Pharmaceutical, Inc.(a)
3,160
114,392
Corcept Therapeutics, Inc.(a)(b)
9,326
810,896
Harmony Biosciences Holdings, Inc.(a)
3,891
141,671
Innoviva, Inc.(a)(b)
6,829
155,087
Ligand Pharmaceuticals, Inc.(a)
1,958
618,904
Organon & Co.
25,658
347,410
Pacira BioSciences, Inc.(a)
3,833
97,243
Phibro Animal Health Corp., Class A
2,053
64,464
Prestige Consumer Healthcare, Inc.(a)
4,615
218,151
Supernus Pharmaceuticals, Inc.(a)
5,654
262,968
 
3,335,345
Professional Services — 1.0%
Insperity, Inc.
3,532
145,907
Korn Ferry
5,070
337,561
Legalzoom.com, Inc.(a)(b)
10,866
66,608
ManpowerGroup, Inc.
4,560
153,991
Paycom Software, Inc.
4,048
508,753
Robert Half, Inc.
9,794
300,676
Upwork, Inc.(a)
12,029
100,562
Verra Mobility Corp., Class A(a)
14,797
62,887
 
1,676,945
Real Estate Management & Development — 0.4%
AGNT, Inc.
9,124
49,361
Cushman & Wakefield Ltd.(a)
22,930
307,032
Marcus & Millichap, Inc.
2,281
71,099
St. Joe Co. (The)
3,857
241,564
 
669,056
Residential REITs — 0.1%
Centerspace
1,637
91,983
NexPoint Residential Trust, Inc.
2,135
59,609
 
151,592
Retail REITs — 1.7%
Acadia Realty Trust
13,003
271,893
Curbline Properties Corp.
9,456
287,462
Getty Realty Corp.
5,405
180,311
Macerich Co. (The)
25,797
649,826
Phillips Edison & Co., Inc.
12,309
512,301
Saul Centers, Inc.
1,219
45,578
Tanger, Inc.
10,418
411,199
Urban Edge Properties
12,273
280,806
Whitestone REIT
4,404
83,500
 
2,722,876
Semiconductors & Semiconductor Equipment — 6.2%
ACM Research, Inc., Class A(a)
5,566
706,270
Alpha & Omega Semiconductor Ltd.(a)
2,421
114,586
Axcelis Technologies, Inc.(a)
3,003
568,918
Cohu, Inc.(a)
4,593
339,469
Diodes, Inc.(a)
4,489
491,276
Enphase Energy, Inc.(a)
12,869
633,670
FormFactor, Inc.(a)
7,604
1,216,108
Ichor Holdings Ltd.(a)
3,400
381,752
Impinj, Inc.(a)
2,639
377,984
Kulicke & Soffa Industries, Inc.
5,105
682,845
MaxLinear, Inc.(a)
8,213
1,051,510
PDF Solutions, Inc.(a)
3,669
259,728
Penguin Solutions, Inc.(a)
4,499
341,969
Photronics, Inc.(a)
5,742
186,787
Power Integrations, Inc.
5,427
454,566
Qorvo, Inc.(a)
7,819
729,278
5

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® ESG Select Screened S&P Small-Cap ETF
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Semiconductors & Semiconductor Equipment (continued)
SolarEdge Technologies, Inc.(a)
5,946
$  347,484
Ultra Clean Holdings, Inc.(a)
4,368
622,833
Veeco Instruments, Inc.(a)
5,965
452,147
 
9,959,180
Software — 3.5%
A10 Networks, Inc.
7,012
261,968
ACI Worldwide, Inc.(a)
9,933
499,531
Adeia, Inc.
10,779
354,952
Agilysys, Inc.(a)(b)
2,497
260,937
Alarm.com Holdings, Inc.(a)
4,814
224,910
BlackLine, Inc.(a)
4,800
134,736
Box, Inc., Class A(a)
13,465
357,361
Cleanspark, Inc.(a)
24,993
363,648
Clear Secure, Inc., Class A
8,945
498,505
Life360, Inc.(a)(b)
7,922
438,562
LiveRamp Holdings, Inc.(a)
6,149
231,448
MARA Holdings, Inc.(a)
37,192
516,597
N-able, Inc.(a)
7,709
28,292
NCR Voyix Corp.(a)(b)
13,422
109,658
Progress Software Corp.(a)
4,097
137,577
Q2 Holdings, Inc.(a)
6,097
293,266
RingCentral, Inc., Class A
7,214
281,202
Sprinklr, Inc., Class A(a)
10,995
56,734
SPS Commerce, Inc.(a)
3,577
204,497
Teradata Corp.(a)
9,164
317,533
 
5,571,914
Specialized REITs — 0.5%
Four Corners Property Trust, Inc.
10,751
263,937
Outfront Media, Inc.
14,920
488,779
Safehold, Inc.
4,463
70,069
 
822,785
Specialty Retail — 2.9%
Advance Auto Parts, Inc.
5,900
367,098
American Eagle Outfitters, Inc.
15,175
261,010
Asbury Automotive Group, Inc.(a)
1,814
364,759
Boot Barn Holdings, Inc.(a)
2,960
486,239
Buckle, Inc. (The)
2,972
125,418
CarMax, Inc.(a)
13,843
732,156
Group 1 Automotive, Inc.
1,147
333,972
MarineMax, Inc.(a)
1,888
69,139
National Vision Holdings, Inc.(a)
7,803
148,335
Sally Beauty Holdings, Inc.(a)(b)
9,291
131,375
Signet Jewelers Ltd.
3,917
337,645
Sonic Automotive, Inc., Class A
1,278
108,362
Upbound Group, Inc.
5,111
108,456
Urban Outfitters, Inc.(a)
5,002
354,442
Victorias Secret & Co.(a)
7,755
647,387
Winmark Corp.
290
122,693
 
4,698,486
Technology Hardware, Storage & Peripherals — 0.2%
Corsair Gaming, Inc.(a)
4,580
44,289
Diebold Nixdorf, Inc.(a)
3,371
286,602
 
330,891
Security
 
Shares
Value
Textiles, Apparel & Luxury Goods — 0.8%
Carters, Inc.
3,615
$  148,793
G-III Apparel Group Ltd.
3,615
121,862
Kontoor Brands, Inc.
4,952
412,700
Steven Madden Ltd.
7,119
299,710
Under Armour, Inc., Class A(a)
18,389
117,506
Under Armour, Inc., Class C, NVS(a)
11,643
72,419
Wolverine World Wide, Inc.
7,986
132,008
 
1,304,998
Trading Companies & Distributors — 0.7%
Boise Cascade Co.
3,440
267,047
DNOW, Inc.(a)(b)
17,777
230,568
DXP Enterprises, Inc.(a)
1,223
206,369
Rush Enterprises, Inc., Class A
5,961
435,064
 
1,139,048
Water Utilities — 0.6%
American States Water Co.
3,819
315,564
California Water Service Group
5,831
283,678
H2O America
3,831
232,810
Middlesex Water Co.
1,815
101,930
 
933,982
Wireless Telecommunication Services — 0.3%
Shenandoah Telecommunications Co.
4,471
67,423
Telephone & Data Systems, Inc.
9,419
348,597
 
416,020
Total Long-Term Investments — 97.8%
(Cost: $121,936,034)
157,207,614
Short-Term Securities
Money Market Funds — 6.4%
BlackRock Cash Funds: Institutional, SL Agency Shares,
3.82%(d)(e)(f)
7,079,170
7,081,293
BlackRock Cash Funds: Treasury, SL Agency Shares,
3.62%(d)(e)
3,260,397
3,260,397
Total Short-Term Securities — 6.4%
(Cost: $10,340,959)
10,341,690
Total Investments — 104.2%
(Cost: $132,276,993)
167,549,304
Liabilities in Excess of Other Assets — (4.2)%
(6,804,024
)
Net Assets — 100.0%
$  160,745,280
(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.
6

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® ESG Select Screened S&P Small-Cap ETF
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
$  3,423,313
$  3,657,163
(a)
$  
$  223
$  594
$  7,081,293
7,079,170
$  3,597
(b)
$  
BlackRock Cash Funds: Treasury, SL
Agency Shares
2,195,056
1,065,341
(a)
3,260,397
3,260,397
18,045
 
$  223
$  594
$  10,341,690
$  21,642
$  
(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
 
 
Micro E-Mini Russell 2000 Index
25
09/18/26
$  381
$  905
Equity Swap Contracts
Reference Entity
Counterparty
Notional Amount
Termination Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a)
Alignment Healthcare, Inc.
Merrill Lynch International
USD 
353,706
02/15/28
-
1D OBFR01
Monthly
$  31,230
Ameris Bancorp
BNP Paribas SA
 
37,612
09/09/27
0.40
%
1D OBFR01
Monthly
26
Arbor Realty Trust, Inc.
Goldman Sachs Bank USA
 
19,477
08/19/26
(0.75
)%
1D FEDL01
Monthly
994
Atlantic Union Bankshares Corp.
BNP Paribas SA
 
38,950
09/09/27
0.40
%
1D OBFR01
Monthly
1,033
Axos Financial, Inc.
BNP Paribas SA
 
35,951
09/09/27
0.40
%
1D OBFR01
Monthly
765
Banc of California, Inc.
BNP Paribas SA
 
19,697
09/09/27
0.40
%
1D OBFR01
Monthly
(431
)
Bancorp, Inc. (The)
BNP Paribas SA
 
16,225
09/09/27
0.40
%
1D OBFR01
Monthly
312
Bank of Hawaii Corp.
BNP Paribas SA
 
22,329
09/09/27
0.40
%
1D OBFR01
Monthly
(245
)
BankUnited, Inc.
Goldman Sachs Bank USA
 
44,134
08/18/26
0.40
%
1D FEDL01
Monthly
(868
)
Banner Corp.
Merrill Lynch International
 
15,171
02/15/28
0.40
%
1D OBFR01
Monthly
(289
)
Beacon Financial Corp.
BNP Paribas SA
 
17,888
09/09/27
0.40
%
1D OBFR01
Monthly
(197
)
Bread Financial Holdings, Inc.
Goldman Sachs Bank USA
 
42,778
08/19/26
0.40
%
1D FEDL01
Monthly
1,429
Bread Financial Holdings, Inc.
HSBC Bank PLC
 
103,396
02/09/28
0.40
%
1D OBFR01
Monthly
19,148
Bread Financial Holdings, Inc.
JPMorgan Chase Bank N.A.
 
32,274
02/09/27
0.40
%
1D OBFR01
Monthly
5,648
Cathay General Bancorp
BNP Paribas SA
 
27,841
09/09/27
0.40
%
1D OBFR01
Monthly
55
Central Pacific Financial Corp.
Goldman Sachs Bank USA
 
13,363
08/18/26
0.40
%
1D FEDL01
Monthly
504
Community Financial System, Inc.
BNP Paribas SA
 
22,333
09/09/27
0.40
%
1D OBFR01
Monthly
18
CVB Financial Corp.
BNP Paribas SA
 
25,798
09/09/27
0.40
%
1D OBFR01
Monthly
270
Douglas Emmett, Inc.
Goldman Sachs Bank USA
 
29,670
08/18/26
0.40
%
1D FEDL01
Monthly
(453
)
Employers Holdings, Inc.
BNP Paribas SA
 
6,071
09/09/27
0.40
%
1D OBFR01
Monthly
(13
)
First BanCorp/Puerto Rico
BNP Paribas SA
 
27,447
09/09/27
0.40
%
1D OBFR01
Monthly
(517
)
First Financial Bancorp
BNP Paribas SA
 
21,780
09/09/27
0.40
%
1D OBFR01
Monthly
446
Fulton Financial Corp.
BNP Paribas SA
 
32,006
09/09/27
0.40
%
1D OBFR01
Monthly
95
Genworth Financial, Inc.
Merrill Lynch International
 
48,048
02/15/28
0.40
%
1D OBFR01
Monthly
1,982
Hanmi Financial Corp.
BNP Paribas SA
 
5,975
09/09/27
0.40
%
1D OBFR01
Monthly
19
Heritage Financial Corp.
BNP Paribas SA
 
7,622
09/09/27
0.40
%
1D OBFR01
Monthly
108
Horace Mann Educators Corp.
BNP Paribas SA
 
13,140
09/09/27
0.40
%
1D OBFR01
Monthly
83
7

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® ESG Select Screened S&P Small-Cap ETF
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Independent Bank Corp.
Goldman Sachs Bank USA
USD 
27,354
08/18/26
0.40
%
1D FEDL01
Monthly
$  (145
)
Jackson Financial, Inc., Class A
Goldman Sachs Bank USA
 
33,553
08/19/26
0.40
%
1D FEDL01
Monthly
(2,222
)
Jackson Financial, Inc., Class A
HSBC Bank PLC
 
148,261
02/09/28
0.40
%
1D OBFR01
Monthly
(6,758
)
Jackson Financial, Inc., Class A
JPMorgan Chase Bank N.A.
 
212,352
02/09/27
0.40
%
1D OBFR01
Monthly
(11,155
)
Kemper Corp.
Merrill Lynch International
 
78,614
02/15/28
0.40
%
1D OBFR01
Monthly
5,555
Lakeland Financial Corp.
JPMorgan Chase Bank N.A.
 
1,587
02/09/27
-
1D OBFR01
Monthly
17
Lincoln National Corp.
Goldman Sachs Bank USA
 
31,672
08/18/26
0.40
%
1D FEDL01
Monthly
(1,871
)
Lincoln National Corp.
HSBC Bank PLC
 
111,809
02/09/28
0.40
%
1D OBFR01
Monthly
957
Lincoln National Corp.
JPMorgan Chase Bank N.A.
 
96,618
02/09/27
0.40
%
1D OBFR01
Monthly
(2,941
)
Macerich Co. (The)
BNP Paribas SA
 
47,653
09/09/27
0.40
%
1D OBFR01
Monthly
(900
)
MarketAxess Holdings, Inc.
Merrill Lynch International
 
28,106
02/15/28
-
1D OBFR01
Monthly
153
Moelis & Co., Class A
Goldman Sachs Bank USA
 
43,380
08/18/26
0.40
%
1D FEDL01
Monthly
(2,492
)
Moelis & Co., Class A
HSBC Bank PLC
 
41,129
02/09/28
0.40
%
1D OBFR01
Monthly
(699
)
National Bank Holdings Corp., Class A
BNP Paribas SA
 
12,788
09/09/27
0.40
%
1D OBFR01
Monthly
(170
)
Northwest Bancshares, Inc.
BNP Paribas SA
 
13,955
09/09/27
0.40
%
1D OBFR01
Monthly
83
OFG Bancorp
BNP Paribas SA
 
13,508
09/09/27
0.40
%
1D OBFR01
Monthly
84
OneSpaWorld Holdings Ltd.
BNP Paribas SA
 
261,292
09/09/27
0.40
%
1D OBFR01
Monthly
19,357
Pathward Financial, Inc.
BNP Paribas SA
 
11,607
09/09/27
0.40
%
1D OBFR01
Monthly
59
Payoneer Global, Inc.
BNP Paribas SA
 
12,170
09/09/27
0.40
%
1D OBFR01
Monthly
48
Pebblebrook Hotel Trust
BNP Paribas SA
 
13,558
09/09/27
0.40
%
1D OBFR01
Monthly
378
Perdoceo Education Corp.
BNP Paribas SA
 
12,252
09/09/27
0.40
%
1D OBFR01
Monthly
(380
)
Pitney Bowes, Inc.
HSBC Bank PLC
 
89,091
02/09/28
0.40
%
1D OBFR01
Monthly
2,556
Preferred Bank
Goldman Sachs Bank USA
 
12,633
08/19/26
0.40
%
1D FEDL01
Monthly
756
Preferred Bank
HSBC Bank PLC
 
20,186
02/09/28
0.40
%
1D OBFR01
Monthly
1,704
Preferred Bank
JPMorgan Chase Bank N.A.
 
18,006
02/09/27
0.40
%
1D OBFR01
Monthly
1,015
Provident Financial Services, Inc.
BNP Paribas SA
 
21,012
09/09/27
0.40
%
1D OBFR01
Monthly
75
Remitly Global, Inc.
Merrill Lynch International
 
356,654
02/15/28
-
1D OBFR01
Monthly
21,582
Renasant Corp.
BNP Paribas SA
 
27,081
09/09/27
0.40
%
1D OBFR01
Monthly
(621
)
S&T Bancorp, Inc.
BNP Paribas SA
 
11,147
09/09/27
0.40
%
1D OBFR01
Monthly
43
Seacoast Banking Corp. of Florida
BNP Paribas SA
 
21,409
09/09/27
0.40
%
1D OBFR01
Monthly
437
Simmons First National Corp., Class A
BNP Paribas SA
 
22,622
09/09/27
0.40
%
1D OBFR01
Monthly
(244
)
SiriusPoint Ltd.
HSBC Bank PLC
 
27,728
02/09/28
0.40
%
1D OBFR01
Monthly
2,728
SiriusPoint Ltd.
JPMorgan Chase Bank N.A.
 
36,506
02/09/27
0.40
%
1D OBFR01
Monthly
2,255
StepStone Group, Inc., Class A
BNP Paribas SA
 
21,072
09/09/27
0.40
%
1D OBFR01
Monthly
(61
)
Tanger, Inc.
BNP Paribas SA
 
32,791
09/09/27
0.40
%
1D OBFR01
Monthly
(1,057
)
TrustCo Bank Corp.
HSBC Bank PLC
 
5,922
02/09/28
0.40
%
1D OBFR01
Monthly
63
United Community Banks, Inc.
Goldman Sachs Bank USA
 
64,609
08/18/26
0.40
%
1D FEDL01
Monthly
2,027
WaFd, Inc.
Merrill Lynch International
 
20,507
02/15/28
-
1D OBFR01
Monthly
290
Westamerica BanCorp
BNP Paribas SA
 
8,829
09/09/27
0.40
%
1D OBFR01
Monthly
(146
)
Western Union Co. (The)
BNP Paribas SA
 
28,061
09/09/27
0.40
%
1D OBFR01
Monthly
1,252
Western Union Co. (The)
JPMorgan Chase Bank N.A.
 
5,953
02/09/27
0.40
%
1D OBFR01
Monthly
214
WSFS Financial Corp.
Goldman Sachs Bank USA
 
26,987
08/18/26
0.40
%
1D FEDL01
Monthly
(132
)
Total long positions of equity swaps
92,846
Net dividends and financing fees
(3,091
)
Total equity swap contracts including dividends and financing fees
$ 89,755
(a)
The Fund receives the total return on a reference entity and pays a variable rate of interest, based on a specified benchmark. The benchmark and spread are determined based upon
the country and/or currency of the individual underlying position.
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
8

Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® ESG Select Screened S&P Small-Cap ETF
Fair Value Hierarchy as of Period End (continued)
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
$  157,207,614
$  
$  
$  157,207,614
Short-Term Securities
Money Market Funds
10,341,690
10,341,690
 
$  167,549,304
$  
$  
$  167,549,304
Derivative Financial Instruments(a)
Assets
Equity Contracts
$  905
$  127,853
$  
$  128,758
Liabilities
Equity Contracts
(38,098
)
(38,098
)
 
$  905
$  89,755
$  
$  90,660
(a)
Derivative financial instruments are swaps and futures contracts. Swaps and futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.
Currency Abbreviation
USD
United States Dollar
Portfolio Abbreviation
1D FEDL01
USD - 1D Overnight Fed Funds Effective Rate
1D OBFR01
USD - 1D Overnight Bank Funding Rate
NVS
Non-Voting Shares
REIT
Real Estate Investment Trust
9