Schedule of Investments (unaudited) 
June 30, 2026
iShares® Residential and Multisector Real Estate ETF
(Percentages shown are based on Net Assets)
 
Security
 
 
Shares
Value
Common Stocks
Health Care REITs — 48.4%
Alexandria Real Estate Equities, Inc.
308,094
$  16,282,768
American Healthcare REIT, Inc.
342,526
17,862,731
CareTrust REIT, Inc.
397,974
16,058,251
Chiron Real Estate, Inc.
22,314
837,221
Community Healthcare Trust, Inc.
48,378
884,350
Diversified Healthcare Trust
390,805
3,634,486
Healthcare Realty Trust, Inc.
600,919
12,120,536
Healthpeak Properties, Inc.
1,244,532
26,632,985
Janus Living, Inc., Class A
83,120
2,388,869
LTC Properties, Inc.
87,079
3,348,188
Medical Properties Trust, Inc.
892,953
4,125,443
National Health Investors, Inc.
85,081
6,488,277
National Healthcare Properties, Inc.(a)
79,656
1,166,960
Omega Healthcare Investors, Inc.
534,676
25,493,352
Sabra Health Care REIT, Inc.
447,220
8,725,262
Sila Realty Trust, Inc.
98,447
2,988,851
Universal Health Realty Income Trust
22,896
1,004,219
Ventas, Inc.
762,533
67,712,930
Welltower, Inc.
906,321
205,707,678
 
423,463,357
Residential REITs — 33.6%
American Homes 4 Rent, Class A
601,736
20,170,191
AvalonBay Communities, Inc.
197,707
37,305,334
BRT Apartments Corp.
17,558
269,867
Camden Property Trust
176,792
20,240,916
Centerspace
30,044
1,688,172
Equity LifeStyle Properties, Inc.
346,195
22,312,268
Equity Residential
550,066
37,365,983
Essex Property Trust, Inc.
114,771
33,466,076
Independence Realty Trust, Inc.
420,400
7,016,476
Invitation Homes, Inc.
1,063,320
32,122,897
Security
 
 
Shares
Value
Residential REITs (continued)
Mid-America Apartment Communities, Inc.
207,556
$  28,837,831
NexPoint Residential Trust, Inc.
40,173
1,121,630
Sun Communities, Inc.
218,995
26,259,690
UDR, Inc.
581,978
23,232,562
UMH Properties, Inc.
144,187
2,182,991
 
293,592,884
Specialized REITs — 17.4%
CubeSmart
405,932
16,143,916
Extra Space Storage, Inc.
329,986
47,946,966
National Storage Affiliates Trust
127,790
5,682,821
Public Storage
248,810
79,198,711
Smartstop Self Storage REIT, Inc.
98,865
3,213,112
 
152,185,526
Total Long-Term Investments — 99.4%
(Cost: $868,004,541)
869,241,767
Short-Term Securities
Money Market Funds — 0.2%
BlackRock Cash Funds: Treasury, SL Agency Shares,
3.62%(b)(c)
2,238,584
2,238,584
Total Short-Term Securities — 0.2%
(Cost: $2,238,584)
2,238,584
Total Investments — 99.6%
(Cost: $870,243,125)
871,480,351
Other Assets Less Liabilities — 0.4%
3,240,953
Net Assets — 100.0%
$  874,721,304
 
(a)
Non-income producing security.
(b)
Affiliate of the Fund.
(c)
Annualized 7-day yield as of period end.
 
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: Treasury, SL
Agency Shares
$  1,407,110
 
$  831,474
(a)
$  —
$  —
$  —
$  2,238,584
2,238,584
$  16,548
$  —
 
(a)
Represents net amount purchased (sold).
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Schedule of Investments (unaudited) (continued)
June 30, 2026
iShares® Residential and Multisector Real Estate ETF
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
 
 
Dow Jones U.S. Real Estate Index
221
09/18/26
$  8,568
$  (166,216
)
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 
$  869,241,767
$  —
$  —
$  869,241,767
Short-Term Securities
Money Market Funds
2,238,584
—
—
2,238,584
 
$  871,480,351
$  —
$  —
$  871,480,351
Derivative Financial Instruments(a)
Liabilities
Equity Contracts
$  (166,216
)
$  —
$  —
$  (166,216
)
 
(a)
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.
 
Portfolio Abbreviation 
REIT
Real Estate Investment Trust
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