Schedule
of
Investments
(unaudited)
June
30,
2024
iShares
®
Semiconductor
ETF
1
(Percentages
shown
are
based
on
Net
Assets)
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
June
30,
2024
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Security
Shares
Shares
Value
Common
Stocks
Semiconductors
&
Semiconductor
Equipment
—
99.9%
Advanced
Micro
Devices,
Inc.
(a)
..........
6,865,085
$
1,113,585,438
Analog
Devices,
Inc.
..................
2,443,142
557,671,593
Applied
Materials,
Inc.
................
4,219,928
995,860,809
ASE
Technology
Holding
Co.
Ltd.
,
ADR,
NVS
(a)
9,857,977
112,578,097
ASML
Holding
NV
(Registered)
,
ADR
......
552,030
564,577,642
Axcelis
Technologies,
Inc.
(a)
.............
491,220
69,846,572
Broadcom,
Inc.
.....................
862,431
1,384,658,843
Entegris,
Inc.
.......................
2,305,884
312,216,694
Intel
Corp.
........................
18,570,222
575,119,775
KLA
Corp.
.........................
754,267
621,900,684
Lam
Research
Corp.
.................
614,394
654,237,451
Lattice
Semiconductor
Corp.
(a)
(b)
..........
2,089,367
121,162,392
Marvell
Technology,
Inc.
...............
8,325,703
581,966,640
Microchip
Technology,
Inc.
..............
5,892,122
539,129,163
Micron
Technology,
Inc.
................
4,583,134
602,819,615
MKS
Instruments,
Inc.
................
1,026,955
134,099,784
Monolithic
Power
Systems,
Inc.
..........
714,483
587,076,392
NVIDIA
Corp.
......................
10,451,079
1,291,126,300
NXP
Semiconductors
NV
..............
2,105,440
566,552,850
ON
Semiconductor
Corp.
(a)
.............
6,578,310
450,943,151
Qorvo,
Inc.
(a)
.......................
1,458,478
169,241,787
QUALCOMM,
Inc.
...................
4,448,041
885,960,806
Rambus,
Inc.
(a)
.....................
1,645,340
96,680,178
Skyworks
Solutions,
Inc.
...............
2,456,390
261,802,046
STMicroelectronics
NV
,
ADR
(b)
...........
4,052,082
159,165,781
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
,
ADR,
NVS
......................
3,509,983
610,070,145
Teradyne,
Inc.
......................
2,360,747
350,075,173
Texas
Instruments,
Inc.
................
2,937,755
571,481,480
United
Microelectronics
Corp.
,
ADR,
NVS
(a)
(b)
.
11,246,907
98,522,905
Security
Shares
Shares
Value
Semiconductors
&
Semiconductor
Equipment
(continued)
Wolfspeed,
Inc.
(a)
(b)
...................
1,906,595
$
43,394,102
Total
Long-Term
Investments
—
99
.9
%
(Cost:
$
13,911,907,241
)
............................
15,083,524,288
Short-Term
Securities
Money
Market
Funds
—
0.9%
(c)(d)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
5.48
%
(e)
..................
123,113,942
123,163,187
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
5.28
%
...................
19,185,052
19,185,052
Total
Short-Term
Securities
—
0
.9
%
(Cost:
$
142,299,155
)
..............................
142,348,239
Total
Investments
—
100
.8
%
(Cost:
$
14,054,206,396
)
............................
15,225,872,527
Liabilities
in
Excess
of
Other
Assets
—
(
0.8
)
%
.............
(
119,341,355
)
Net
Assets
—
100.0%
...............................
$
15,106,531,172
(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.
Affiliated
Issuer
Value
at
03/31/24
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
06/30/24
Shares
Held
at
06/30/24
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
..............
$
170,427,701
$
—
$
(
47,302,871
)
(a)
$
59,290
$
(
20,933
)
$
123,163,187
123,113,942
$
763,458
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
11,000,050
8,185,002
(a)
—
—
—
19,185,052
19,185,052
238,607
—
$
59,290
$
(
20,933
)
$
142,348,239
$
1,002,065
$
—
—
—
(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.
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2024
iShares
®
Semiconductor
ETF
2
Fair
Value
Hierarchy
as
of
Period
End
Various
inputs
are
used
in
determining
the
fair
value
of
financial
instruments.
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
for
identical
assets
or
liabilities
that
the
Fund
has
the
ability
to
access;
Level
2
—
Other
observable
inputs
(including,
but
not
limited
to,
quoted
prices
for
similar
assets
or
liabilities
in
markets
that
are
active,
quoted
prices
for
identical
or
similar
assets
or
liabilities
in
markets
that
are
not
active,
inputs
other
than
quoted
prices
that
are
observable
for
the
assets
or
liabilities
(such
as
interest
rates,
yield
curves,
volatilities,
prepayment
speeds,
loss
severities,
credit
risks
and
default
rates)
or
other
market-corroborated
inputs);
and
Level
3
—
Unobservable
inputs
based
on
the
best
information
available
in
the
circumstances,
to
the
extent
observable
inputs
are
not
available
(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.
There
may
not
be
a
secondary
market,
and/
or
there
are
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.
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
E-Mini
Technology
Select
Sector
Index
............................................
82
09/20/24
$
18,927
$
58,355
Russell
2000
E-Mini
Index
....................................................
21
09/20/24
2,168
6,205
$
64,560
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
.........................................
$
15,083,524,288
$
—
$
—
$
15,083,524,288
Short-Term
Securities
Money
Market
Funds
......................................
142,348,239
—
—
142,348,239
$
15,225,872,527
$
—
$
—
$
15,225,872,527
Derivative
Financial
Instruments
(a)
Assets
Equity
contracts
...........................................
$
64,560
$
—
$
—
$
64,560
(a)
Derivative
financial
instruments
are
futures
contracts.
Futures
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Portfolio
Abbreviation
ADR
American
Depositary
Receipts
NVS
Non-Voting
Shares