Schedule of Investments (unaudited) December 31, 2020 | iShares® U.S. Home Construction ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
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Building Products — 14.5% |
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American Woodmark Corp.(a)(b) | 60,410 | $ | 5,669,479 | |||||
AZEK Co. Inc. (The)(a) | 373,821 | 14,373,418 | ||||||
Builders FirstSource Inc.(a)(b) | 730,119 | 29,796,156 | ||||||
Fortune Brands Home & Security Inc. | 493,888 | 42,336,079 | ||||||
JELD-WEN Holding Inc.(a) | 239,534 | 6,074,582 | ||||||
Lennox International Inc. | 123,865 | 33,935,294 | ||||||
Masco Corp. | 930,249 | 51,098,578 | ||||||
Masonite International Corp.(a) | 87,107 | 8,566,102 | ||||||
Owens Corning | 384,765 | 29,149,796 | ||||||
PGT Innovations Inc.(a) | 209,611 | 4,263,488 | ||||||
Quanex Building Products Corp. | 116,620 | 2,585,465 | ||||||
Simpson Manufacturing Co. Inc. | 154,360 | 14,424,942 | ||||||
Trex Co. Inc.(a)(b) | 411,619 | 34,460,743 | ||||||
UFP Industries Inc. | 217,516 | 12,083,014 | ||||||
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288,817,136 | ||||||||
Construction Materials — 0.8% | ||||||||
Eagle Materials Inc. | 148,661 | 15,066,792 | ||||||
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Forest Products — 0.7% | ||||||||
Louisiana-Pacific Corp. | 388,640 | 14,445,749 | ||||||
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Home Furnishings — 2.6% | ||||||||
Ethan Allen Interiors Inc. | 78,093 | 1,578,260 | ||||||
Leggett & Platt Inc. | 471,031 | 20,866,673 | ||||||
Mohawk Industries Inc.(a)(b) | 212,613 | 29,967,802 | ||||||
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52,412,735 | ||||||||
Home Improvement Retail — 10.7% | ||||||||
Floor & Decor Holdings Inc., Class A(a)(b) | 369,705 | 34,327,109 | ||||||
Home Depot Inc. (The) | 328,359 | 87,218,718 | ||||||
Lowe’s Companies Inc. | 544,591 | 87,412,302 | ||||||
Lumber Liquidators Holdings Inc.(a)(b) | 102,649 | 3,155,430 | ||||||
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212,113,559 | ||||||||
Homebuilding — 64.4% | ||||||||
Beazer Homes USA Inc.(a)(b) | 351,003 | 5,317,695 | ||||||
Cavco Industries Inc.(a) | 101,799 | 17,860,634 | ||||||
Century Communities Inc.(a)(b) | 345,677 | 15,133,739 | ||||||
DR Horton Inc. | 3,950,497 | 272,268,253 | ||||||
Green Brick Partners Inc.(a)(b) | 572,878 | 13,153,279 | ||||||
Installed Building Products Inc.(a) | 269,828 | 27,503,568 | ||||||
KB Home | 1,049,299 | 35,172,502 | ||||||
Lennar Corp., Class A | 3,277,620 | 249,852,973 | ||||||
Lennar Corp., Class B | 183,763 | 11,246,296 | ||||||
LGI Homes Inc.(a)(b) | 263,148 | 27,854,216 |
Security | Shares | Value | ||||||
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Homebuilding (continued) |
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M/I Homes Inc.(a) | 342,469 | $ | 15,167,952 | |||||
MDC Holdings Inc. | 610,513 | 29,670,932 | ||||||
Meritage Homes Corp.(a) | 448,095 | 37,111,228 | ||||||
NVR Inc.(a)(b) | 41,659 | 169,962,888 | ||||||
PulteGroup Inc. | 3,193,963 | 137,723,685 | ||||||
Skyline Champion Corp.(a)(b) | 620,793 | 19,207,335 | ||||||
Taylor Morrison Home Corp.(a) | 1,548,088 | 39,708,457 | ||||||
Toll Brothers Inc. | 1,367,996 | 59,466,786 | ||||||
TopBuild Corp.(a)(b) | 393,435 | 72,423,515 | ||||||
TRI Pointe Group Inc.(a)(b) | 1,510,939 | 26,063,698 | ||||||
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1,281,869,631 | ||||||||
Specialty Chemicals — 4.5% | ||||||||
Sherwin-Williams Co. (The) | 121,011 | 88,932,194 | ||||||
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Trading Companies & Distributors — 1.7% | ||||||||
Beacon Roofing Supply Inc.(a)(b) | 193,755 | 7,787,014 | ||||||
Watsco Inc. | 116,684 | 26,434,760 | ||||||
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34,221,774 | ||||||||
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Total Common Stocks — 99.9% | 1,987,879,570 | |||||||
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Short-Term Investments | ||||||||
Money Market Funds — 2.0% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.18%(c)(d)(e) | 38,095,560 | 38,118,417 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(c)(d) | 1,023,000 | 1,023,000 | ||||||
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39,141,417 | ||||||||
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Total Short -Term Investments — 2.0% | 39,141,417 | |||||||
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Total Investments in Securities — 101.9% |
| 2,027,020,987 | ||||||
Other Assets, Less Liabilities — (1.9)% | (38,301,247 | ) | ||||||
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Net Assets — 100.0% | $ | 1,988,719,740 | ||||||
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(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 cash collateral received from loaned securities. |
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Schedule of Investments (unaudited) (continued) December 31, 2020 | iShares® U.S. Home Construction ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended December 31, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
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Affiliated Issuer | Value at 03/31/20 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 12/31/20 | Shares Held at | Income | Capital Gain | |||||||||||||||||||||||||||
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BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 31,425,916 | $ | 6,682,943 | (a) | $ | — | $ | 6,548 | $ | 3,010 | $ | 38,118,417 | 38,095,560 | $ | 104,886 | (b) | $ | — | |||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 2,223,000 | — | (1,200,000 | )(a) | — | — | 1,023,000 | 1,023,000 | 1,205 | — | ||||||||||||||||||||||||||
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$ | 6,548 | $ | 3,010 | $ | 39,141,417 | $ | 106,091 | $ | — | |||||||||||||||||||||||||||
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(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 fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Fair Value Measurements
Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.
The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of December 31, 2020. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.
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Level 1 | Level 2 | Level 3 | Total | |||||||||||||
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Investments | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 1,987,879,570 | $ | — | $ | — | $ | 1,987,879,570 | ||||||||
Money Market Funds | 39,141,417 | — | — | 39,141,417 | ||||||||||||
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$ | 2,027,020,987 | $ | — | $ | — | $ | 2,027,020,987 | |||||||||
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