iShares
®
U.S.
Consumer
Discretionary
ETF
Schedule
of
Investments
(unaudited)
July
31,
2024
(Percentages
shown
are
based
on
Net
Assets)
1
Schedule
of
Investments
Security
Shares
Value
a
Common
Stocks
Automobile
Components
—
0
.8
%
Aptiv
PLC
(a)
.............................
53,229
$
3,693,560
BorgWarner,
Inc.
.........................
44,801
1,581,923
Gentex
Corp.
...........................
45,380
1,409,503
Lear
Corp.
.............................
11,087
1,353,057
QuantumScape
Corp.
,
Class
A
(a)
(b)
.............
68,275
441,057
8,479,100
a
Automobiles
—
9
.7
%
Ford
Motor
Co.
..........................
767,618
8,305,627
General
Motors
Co.
.......................
221,739
9,827,473
Harley-Davidson,
Inc.
......................
23,572
883,950
Lucid
Group,
Inc.
(a)
(b)
.......................
172,905
608,626
Rivian
Automotive,
Inc.
,
Class
A
(a)
(b)
.............
161,000
2,642,010
Tesla,
Inc.
(a)
.............................
344,989
80,061,597
Thor
Industries,
Inc.
.......................
9,903
1,051,104
103,380,387
a
Broadline
Retail
—
15
.4
%
Amazon.com,
Inc.
(a)
.......................
797,821
149,176,571
Coupang,
Inc.
(a)
..........................
226,402
4,697,842
Dillard's,
Inc.
,
Class
A
......................
594
236,762
eBay,
Inc.
..............................
98,938
5,501,942
Etsy,
Inc.
(a)
(b)
............................
22,649
1,475,356
Kohl's
Corp.
............................
21,514
465,993
Macy's,
Inc.
............................
53,346
921,819
Nordstrom,
Inc.
..........................
19,482
444,774
Ollie's
Bargain
Outlet
Holdings,
Inc.
(a)
(b)
..........
11,877
1,159,670
164,080,729
a
Commercial
Services
&
Supplies
—
1
.4
%
Copart,
Inc.
(a)
...........................
170,524
8,923,521
RB
Global,
Inc.
..........................
35,812
2,851,710
Rollins,
Inc.
.............................
54,651
2,618,329
14,393,560
a
Consumer
Staples
Distribution
&
Retail
—
10
.8
%
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
............
25,818
2,270,951
Costco
Wholesale
Corp.
....................
55,703
45,787,866
Dollar
General
Corp.
......................
42,946
5,170,269
Dollar
Tree,
Inc.
(a)
.........................
40,088
4,182,782
Target
Corp.
............................
90,467
13,607,141
Walmart,
Inc.
............................
645,312
44,294,216
115,313,225
a
Distributors
—
0
.8
%
Genuine
Parts
Co.
........................
27,185
3,999,185
LKQ
Corp.
.............................
52,094
2,161,901
Pool
Corp.
.............................
7,296
2,728,996
8,890,082
a
Diversified
Consumer
Services
—
0
.7
%
Bright
Horizons
Family
Solutions,
Inc.
(a)
(b)
.........
11,221
1,349,325
Duolingo,
Inc.
,
Class
A
(a)
....................
7,152
1,229,715
Grand
Canyon
Education,
Inc.
(a)
...............
5,694
887,979
H&R
Block,
Inc.
..........................
27,229
1,577,648
Service
Corp.
International
..................
27,938
2,232,526
7,277,193
a
Entertainment
—
10
.8
%
Electronic
Arts,
Inc.
.......................
52,278
7,890,842
Liberty
Media
Corp.-Liberty
Formula
One
,
Series
A
(a)
.
4,515
333,974
Liberty
Media
Corp.-Liberty
Formula
One
,
Series
C
,
NVS
(a)
...............................
38,310
3,098,130
Liberty
Media
Corp.-Liberty
Live
,
Series
A
(a)
.......
3,730
140,882
Security
Shares
Value
a
Entertainment
(continued)
Liberty
Media
Corp.-Liberty
Live
,
Series
C
(a)
.......
9,087
$
354,575
Live
Nation
Entertainment,
Inc.
(a)
(b)
.............
30,879
2,970,251
Madison
Square
Garden
Sports
Corp.
,
Class
A
(a)
....
3,622
725,885
Netflix,
Inc.
(a)
............................
64,320
40,415,472
Playtika
Holding
Corp.
.....................
13,195
100,678
ROBLOX
Corp.
,
Class
A
(a)
(b)
..................
99,879
4,146,976
Spotify
Technology
SA
(a)
....................
28,381
9,761,361
Take-Two
Interactive
Software,
Inc.
(a)
............
32,802
4,937,685
TKO
Group
Holdings,
Inc.
,
Class
A
.............
15,463
1,690,879
Walt
Disney
Co.
(The)
.....................
359,197
33,653,167
Warner
Bros
Discovery,
Inc.
,
Series
A
(a)
..........
474,483
4,104,278
114,325,035
a
Ground
Transportation
—
2
.6
%
Avis
Budget
Group,
Inc.
....................
3,350
338,384
Lyft,
Inc.
,
Class
A
(a)
........................
70,329
847,464
Uber
Technologies,
Inc.
(a)
...................
392,932
25,332,326
U-Haul
Holding
Co.
(a)
......................
1,558
104,059
U-Haul
Holding
Co.
,
Series
N
,
NVS
.............
19,529
1,244,583
27,866,816
a
Hotels,
Restaurants
&
Leisure
—
17
.6
%
Airbnb,
Inc.
,
Class
A
(a)
......................
85,464
11,927,356
Aramark
...............................
51,334
1,759,216
Booking
Holdings,
Inc.
.....................
6,665
24,760,542
Boyd
Gaming
Corp.
.......................
13,380
814,441
Caesars
Entertainment,
Inc.
(a)
................
42,187
1,685,371
Carnival
Corp.
(a)
..........................
195,065
3,249,783
Cava
Group,
Inc.
(a)
........................
14,701
1,238,118
Chipotle
Mexican
Grill,
Inc.
(a)
.................
267,108
14,509,306
Choice
Hotels
International,
Inc.
(b)
..............
5,611
715,122
Churchill
Downs,
Inc.
......................
13,647
1,959,163
Darden
Restaurants,
Inc.
...................
23,272
3,404,461
Domino's
Pizza,
Inc.
.......................
6,795
2,913,016
DraftKings,
Inc.
,
Class
A
(a)
...................
86,865
3,209,662
Dutch
Bros,
Inc.
,
Class
A
(a)
..................
17,836
682,227
Expedia
Group,
Inc.
(a)
......................
24,718
3,155,747
Hilton
Worldwide
Holdings,
Inc.
...............
48,029
10,310,385
Hyatt
Hotels
Corp.
,
Class
A
(b)
.................
8,530
1,256,725
Las
Vegas
Sands
Corp.
....................
70,005
2,777,098
Light
&
Wonder,
Inc.
(a)
......................
17,682
1,895,510
Marriott
International,
Inc.
,
Class
A
.............
45,923
10,438,298
Marriott
Vacations
Worldwide
Corp.
.............
6,777
573,199
McDonald's
Corp.
........................
140,916
37,399,106
MGM
Resorts
International
(a)
.................
47,746
2,051,646
Norwegian
Cruise
Line
Holdings
Ltd.
(a)
...........
83,979
1,547,733
Penn
Entertainment,
Inc.
(a)
(b)
.................
29,341
585,940
Planet
Fitness,
Inc.
,
Class
A
(a)
................
16,947
1,248,994
Royal
Caribbean
Cruises
Ltd.
(a)
...............
46,345
7,263,188
Starbucks
Corp.
..........................
221,583
17,272,395
Texas
Roadhouse,
Inc.
.....................
13,048
2,278,311
Travel
+
Leisure
Co.
.......................
13,329
614,334
Vail
Resorts,
Inc.
.........................
7,404
1,347,602
Wendy's
Co.
(The)
........................
33,605
568,933
Wingstop,
Inc.
...........................
5,741
2,146,445
Wyndham
Hotels
&
Resorts,
Inc.
..............
15,281
1,157,077
Wynn
Resorts
Ltd.
........................
20,029
1,658,802
Yum!
Brands,
Inc.
........................
55,082
7,316,542
187,691,794
a
Household
Durables
—
4
.0
%
DR
Horton,
Inc.
..........................
57,973
10,431,082
Garmin
Ltd.
.............................
30,271
5,183,909
Leggett
&
Platt,
Inc.
.......................
25,904
341,156
Lennar
Corp.
,
Class
A
......................
47,143
8,341,011
Schedule
of
Investments
(unaudited)
(continued)
July
31,
2024
iShares
®
U.S.
Consumer
Discretionary
ETF
(Percentages
shown
are
based
on
Net
Assets)
2
Security
Shares
Value
a
Household
Durables
(continued)
Lennar
Corp.
,
Class
B
.....................
2,218
$
365,881
Newell
Brands,
Inc.
.......................
80,806
694,123
NVR,
Inc.
(a)
.............................
580
4,992,338
PulteGroup,
Inc.
.........................
40,887
5,397,084
SharkNinja,
Inc.
..........................
12,896
991,058
Tempur
Sealy
International,
Inc.
...............
32,906
1,722,629
Toll
Brothers,
Inc.
.........................
20,302
2,897,298
Whirlpool
Corp.
..........................
10,310
1,051,311
42,408,880
a
Interactive
Media
&
Services
—
0
.0
%
TripAdvisor,
Inc.
(a)
........................
21,016
370,512
a
Leisure
Products
—
0
.4
%
Hasbro,
Inc.
............................
27,284
1,758,727
Mattel,
Inc.
(a)
............................
66,741
1,287,434
Polaris,
Inc.
.............................
10,167
846,708
YETI
Holdings,
Inc.
(a)
......................
16,590
685,996
4,578,865
a
Media
—
2
.3
%
Fox
Corp.
,
Class
A
,
NVS
....................
46,630
1,773,805
Fox
Corp.
,
Class
B
........................
25,750
912,323
Interpublic
Group
of
Companies,
Inc.
(The)
.......
73,767
2,373,084
Liberty
Media
Corp.-Liberty
SiriusXM
,
Series
A
(a)
(b)
...
13,817
312,541
Liberty
Media
Corp.-Liberty
SiriusXM
,
Series
C
,
NVS
(a)
28,720
646,487
New
York
Times
Co.
(The)
,
Class
A
.............
31,526
1,689,478
News
Corp.
,
Class
A
,
NVS
..................
74,526
2,055,427
News
Corp.
,
Class
B
......................
22,133
630,569
Nexstar
Media
Group,
Inc.
...................
6,062
1,120,197
Omnicom
Group,
Inc.
......................
37,839
3,709,736
Paramount
Global
,
Class
A
(b)
.................
1,859
42,571
Paramount
Global
,
Class
B
,
NVS
..............
115,272
1,316,406
Sirius
XM
Holdings,
Inc.
(b)
...................
119,068
410,785
Trade
Desk,
Inc.
(The)
,
Class
A
(a)
(b)
.............
86,402
7,765,812
24,759,221
a
Passenger
Airlines
—
1
.3
%
Alaska
Air
Group,
Inc.
(a)
.....................
24,437
917,121
American
Airlines
Group,
Inc.
(a)
(b)
..............
127,504
1,356,642
Delta
Air
Lines,
Inc.
.......................
125,922
5,417,164
Southwest
Airlines
Co.
.....................
116,784
3,146,161
United
Airlines
Holdings,
Inc.
(a)
................
64,004
2,907,062
13,744,150
a
Personal
Care
Products
—
0
.7
%
Coty,
Inc.
,
Class
A
(a)
.......................
76,638
762,548
elf
Beauty,
Inc.
(a)
.........................
10,363
1,788,447
Estee
Lauder
Companies,
Inc.
(The)
,
Class
A
......
45,067
4,489,124
7,040,119
a
Specialty
Retail
—
16
.6
%
Advance
Auto
Parts,
Inc.
....................
11,598
734,501
AutoNation,
Inc.
(a)
.........................
5,015
956,461
AutoZone,
Inc.
(a)
.........................
3,377
10,582,471
Bath
&
Body
Works,
Inc.
....................
44,115
1,621,226
Best
Buy
Co.,
Inc.
........................
42,134
3,645,434
Burlington
Stores,
Inc.
(a)
....................
12,403
3,228,749
CarMax,
Inc.
(a)
...........................
30,770
2,598,219
Carvana
Co.
,
Class
A
(a)
.....................
20,628
2,748,268
Dick's
Sporting
Goods,
Inc.
..................
11,142
2,410,572
Five
Below,
Inc.
(a)
.........................
10,590
770,317
Floor
&
Decor
Holdings,
Inc.
,
Class
A
(a)
(b)
.........
20,565
2,015,370
GameStop
Corp.
,
Class
A
(a)
..................
52,419
1,188,339
Gap,
Inc.
(The)
..........................
39,096
917,974
Home
Depot,
Inc.
(The)
....................
136,202
50,144,128
Security
Shares
Value
a
Specialty
Retail
(continued)
Lithia
Motors,
Inc.
........................
5,319
$
1,469,799
Lowe's
Companies,
Inc.
....................
111,974
27,490,737
Murphy
USA,
Inc.
........................
3,690
1,863,155
O'Reilly
Automotive,
Inc.
(a)
...................
11,450
12,896,593
Penske
Automotive
Group,
Inc.
...............
3,596
626,100
RH
(a)
(b)
................................
2,897
840,362
Ross
Stores,
Inc.
.........................
64,315
9,211,837
TJX
Companies,
Inc.
(The)
..................
221,601
25,045,345
Tractor
Supply
Co.
........................
21,084
5,551,839
Ulta
Beauty,
Inc.
(a)
........................
9,352
3,412,451
Wayfair,
Inc.
,
Class
A
(a)
(b)
....................
17,976
978,434
Williams-Sonoma,
Inc.
.....................
24,946
3,858,647
176,807,328
a
Textiles,
Apparel
&
Luxury
Goods
—
3
.8
%
Amer
Sports,
Inc.
(a)
........................
23,617
274,193
Birkenstock
Holding
PLC
(a)
..................
7,657
452,605
Capri
Holdings
Ltd.
(a)
......................
22,095
741,066
Carter's,
Inc.
............................
6,988
423,123
Columbia
Sportswear
Co.
...................
6,478
529,253
Crocs,
Inc.
(a)
............................
11,662
1,567,023
Deckers
Outdoor
Corp.
(a)
....................
4,991
4,604,846
Lululemon
Athletica,
Inc.
(a)
...................
23,594
6,102,824
Nike,
Inc.
,
Class
B
........................
235,225
17,608,944
PVH
Corp.
.............................
11,157
1,137,902
Ralph
Lauren
Corp.
,
Class
A
.................
7,502
1,317,276
Skechers
USA,
Inc.
,
Class
A
(a)
................
26,491
1,725,359
Tapestry,
Inc.
............................
44,861
1,798,478
Under
Armour,
Inc.
,
Class
A
(a)
.................
36,752
256,162
Under
Armour,
Inc.
,
Class
C
(a)
................
38,008
258,074
VF
Corp.
..............................
68,155
1,155,909
39,953,037
a
Trading
Companies
&
Distributors
—
0
.1
%
SiteOne
Landscape
Supply,
Inc.
(a)
..............
8,693
1,275,089
a
Total
Long-Term
Investments — 99.8%
(Cost:
$
1,054,926,851
)
...............................
1,062,635,122
a
Short-Term
Securities
Money
Market
Funds
—
1
.3
%
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
5.45
%
(c)
(d)
(e)
......................
12,269,851
12,274,759
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
5.29
%
(c)
(d)
............................
1,342,475
1,342,475
a
Total
Short-Term
Securities — 1.3%
(Cost:
$
13,609,765
)
.................................
13,617,234
Total
Investments
—
101.1%
(Cost:
$
1,068,536,616
)
...............................
1,076,252,356
Liabilities
in
Excess
of
Other
Assets
—
(
1
.1
)
%
...............
(
12,173,814
)
Net
Assets
—
100.0%
.................................
$
1,064,078,542
(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.
iShares
®
U.S.
Consumer
Discretionary
ETF
Schedule
of
Investments
(unaudited)
(continued)
July
31,
2024
3
Schedule
of
Investments
Derivative
Financial
Instruments
Outstanding
as
of
Period
End
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.
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
July
31,
2024
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
04/30/24
Purchases
at
Cost
Proceeds
from
Sale
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
07/31/24
Shares
Held
at
07/31/24
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
$
16,069,342
$
—
$
(
3,804,528
)
(a)
$
9,351
$
594
$
12,274,759
12,269,851
$
68,247
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
775,221
567,254
(a)
—
—
—
1,342,475
1,342,475
16,779
—
$
9,351
$
594
$
13,617,234
$
85,026
$
—
(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.
Futures
Contracts
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long
Contracts
E-Mini
S&P
Communication
Services
Select
Sector
Index
...........................................
2
09/20/24
$
226
$
3,995
E-Mini
S&P
Consumer
Discretionary
Select
Sector
Index
...........................................
3
09/20/24
572
20,423
E-Mini
S&P
MidCap
400
Index
.............................................................
1
09/20/24
312
19,327
$
43,745
Schedule
of
Investments
(unaudited)
(continued)
July
31,
2024
iShares
®
U.S.
Consumer
Discretionary
ETF
4
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
.........................................
$
1,062,635,122
$
—
$
—
$
1,062,635,122
Short-Term
Securities
Money
Market
Funds
......................................
13,617,234
—
—
13,617,234
$
1,076,252,356
$
—
$
—
$
1,076,252,356
Derivative
Financial
Instruments
(a)
Assets
Equity
Contracts
...........................................
$
43,745
$
—
$
—
$
43,745
a
(a)
Derivative
financial
instruments
are
futures
contracts.
Futures
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Portfolio
Abbreviation
NVS
Non-Voting
Shares
Fair
Value
Hierarchy
as
of
Period
End
(continued)