Schedule of Investments (unaudited)
July 31, 2024
iShares® Select Dividend ETF
(Percentages shown are based on Net Assets)
Security | Shares | Value | |
Common Stocks | |||
Aerospace & Defense — 1.0% | |||
Lockheed Martin Corp. | 342,719 | $ 185,726,280 | |
Automobiles — 1.1% | |||
Ford Motor Co. | 19,783,296 | 214,055,263 | |
Banks — 14.7% | |||
Citizens Financial Group, Inc. | 8,638,244 | 368,593,872 | |
Comerica, Inc. | 2,932,877 | 160,750,988 | |
Fifth Third Bancorp | 6,129,450 | 259,520,913 | |
First Horizon Corp. | 11,826,518 | 197,857,646 | |
FNB Corp. | 7,791,692 | 119,524,555 | |
Huntington Bancshares, Inc. | 18,628,652 | 278,498,347 | |
KeyCorp | 20,275,081 | 327,037,057 | |
Regions Financial Corp. | 13,954,525 | 312,162,724 | |
Truist Financial Corp. | 8,256,772 | 368,995,141 | |
U.S. Bancorp | 5,716,935 | 256,576,043 | |
United Bankshares, Inc. | 3,018,887 | 117,525,271 | |
Valley National Bancorp | 9,719,041 | 81,639,944 | |
2,848,682,501 | |||
Beverages — 0.9% | |||
Coca-Cola Co. (The) | 2,697,800 | 180,051,172 | |
Biotechnology — 1.2% | |||
Gilead Sciences, Inc. | 2,952,442 | 224,562,739 | |
Broadline Retail — 0.3% | |||
Kohl’s Corp. | 2,333,645 | 50,546,751 | |
Capital Markets — 4.3% | |||
Federated Hermes, Inc., Class B | 1,824,910 | 62,649,160 | |
Franklin Resources, Inc. | 6,097,977 | 139,460,734 | |
Invesco Ltd. | 9,725,954 | 167,869,966 | |
Janus Henderson Group PLC | 2,805,256 | 104,439,681 | |
Lazard, Inc. | 2,351,960 | 115,645,873 | |
T Rowe Price Group, Inc. | 2,023,009 | 231,047,858 | |
821,113,272 | |||
Chemicals — 3.0% | |||
Chemours Co. (The) | 3,113,776 | 75,259,966 | |
FMC Corp. | 2,727,623 | 159,184,079 | |
Huntsman Corp. | 3,422,539 | 81,901,358 | |
LyondellBasell Industries NV, Class A | 2,584,161 | 257,020,653 | |
573,366,056 | |||
Consumer Finance — 0.7% | |||
OneMain Holdings, Inc. | 2,549,712 | 133,247,949 | |
Consumer Staples Distribution & Retail — 0.7% | |||
Walgreens Boots Alliance, Inc. | 10,725,432 | 127,310,878 | |
Containers & Packaging — 4.0% | |||
International Paper Co. | 7,445,945 | 346,087,524 | |
Packaging Corp. of America | 841,930 | 168,276,549 | |
Smurfit WestRock PLC | 3,066,629 | 137,507,644 | |
Sonoco Products Co. | 2,065,264 | 111,359,035 | |
763,230,752 | |||
Distributors — 0.7% | |||
Genuine Parts Co. | 919,943 | 135,332,815 | |
Diversified Consumer Services — 0.8% | |||
H&R Block, Inc. | 2,737,783 | 158,627,147 | |
Diversified Telecommunication Services — 3.6% | |||
AT&T Inc. | 19,238,602 | 370,343,089 | |
Verizon Communications, Inc. | 8,172,345 | 331,143,419 | |
701,486,508 |
Security | Shares | Value | |
Electric Utilities — 16.0% | |||
Alliant Energy Corp. | 4,165,053 | $ 231,826,850 | |
American Electric Power Co., Inc. | 2,590,559 | 254,185,649 | |
Edison International | 3,459,275 | 276,776,593 | |
Entergy Corp. | 2,238,618 | 259,612,529 | |
Eversource Energy | 4,134,827 | 268,391,621 | |
Exelon Corp. | 5,747,600 | 213,810,720 | |
FirstEnergy Corp. | 5,939,186 | 248,911,285 | |
IDACORP, Inc. | 1,086,972 | 106,251,513 | |
NextEra Energy, Inc. | 3,273,731 | 250,080,311 | |
NRG Energy, Inc. | 2,864,119 | 215,295,825 | |
OGE Energy Corp. | 4,276,781 | 165,810,799 | |
Pinnacle West Capital Corp. | 2,466,545 | 211,111,587 | |
PPL Corp. | 7,350,165 | 218,446,904 | |
Xcel Energy, Inc. | 3,045,826 | 177,510,739 | |
3,098,022,925 | |||
Financial Services — 0.5% | |||
Western Union Co. (The) | 7,607,494 | 90,453,104 | |
Food Products — 2.4% | |||
Conagra Brands, Inc. | 9,124,048 | 276,641,135 | |
General Mills, Inc. | 2,856,294 | 191,771,579 | |
468,412,714 | |||
Gas Utilities — 1.5% | |||
New Jersey Resources Corp. | 2,127,639 | 99,467,123 | |
Southwest Gas Holdings, Inc. | 1,147,205 | 85,076,723 | |
UGI Corp. | 4,465,975 | 110,666,861 | |
295,210,707 | |||
Hotels, Restaurants & Leisure — 0.8% | |||
McDonald’s Corp. | 386,567 | 102,594,882 | |
Wendy’s Co. (The) | 3,577,771 | 60,571,663 | |
163,166,545 | |||
Household Durables — 1.8% | |||
Garmin Ltd. | 868,165 | 148,673,256 | |
Newell Brands, Inc. | 8,588,396 | 73,774,322 | |
Whirlpool Corp. | 1,180,973 | 120,423,817 | |
342,871,395 | |||
Household Products — 1.2% | |||
Kimberly-Clark Corp. | 1,697,550 | 229,254,127 | |
Insurance — 7.0% | |||
Cincinnati Financial Corp. | 1,270,763 | 165,987,063 | |
Fidelity National Financial, Inc., Class A | 3,682,817 | 204,064,890 | |
MetLife, Inc. | 2,175,909 | 167,218,607 | |
Old Republic International Corp. | 5,463,312 | 189,139,861 | |
Principal Financial Group, Inc. | 2,135,200 | 174,040,152 | |
Prudential Financial, Inc. | 2,238,627 | 280,544,736 | |
Unum Group | 3,031,552 | 174,405,186 | |
1,355,400,495 | |||
IT Services — 0.9% | |||
International Business Machines Corp. | 952,621 | 183,036,599 | |
Media — 2.0% | |||
Interpublic Group of Cos., Inc. (The) | 6,393,076 | 205,665,255 | |
Omnicom Group, Inc. | 1,811,677 | 177,616,813 | |
383,282,068 | |||
Metals & Mining — 1.3% | |||
Newmont Corp. | 4,995,597 | 245,133,945 | |
Multi-Utilities — 10.5% | |||
Avista Corp. | 1,657,875 | 64,955,543 | |
Black Hills Corp. | 1,461,748 | 86,316,219 | |
CenterPoint Energy, Inc. | 5,208,819 | 144,544,727 |
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Schedule of Investments (unaudited) (continued)
July 31, 2024
iShares® Select Dividend ETF
(Percentages shown are based on Net Assets)
Security | Shares | Value | |
Multi-Utilities (continued) | |||
CMS Energy Corp. | 3,146,818 | $ 203,913,806 | |
Dominion Energy, Inc. | 6,006,732 | 321,119,893 | |
DTE Energy Co. | 1,746,516 | 210,507,573 | |
NiSource, Inc. | 7,897,758 | 246,804,938 | |
Northwestern Energy Group, Inc. | 1,337,844 | 71,935,872 | |
Public Service Enterprise Group, Inc. | 3,197,118 | 255,034,103 | |
Sempra | 2,383,271 | 190,804,676 | |
WEC Energy Group, Inc. | 2,764,427 | 237,906,588 | |
2,033,843,938 | |||
Oil, Gas & Consumable Fuels — 4.7% | |||
Chevron Corp. | 1,380,687 | 221,558,843 | |
Exxon Mobil Corp. | 1,751,729 | 207,737,542 | |
ONEOK, Inc. | 3,689,630 | 307,456,868 | |
Valero Energy Corp. | 1,099,086 | 177,744,188 | |
914,497,441 | |||
Pharmaceuticals — 2.3% | |||
Merck & Co., Inc. | 937,893 | 106,103,835 | |
Pfizer, Inc.(a) | 11,221,133 | 342,693,402 | |
448,797,237 | |||
Specialty Retail — 1.4% | |||
Best Buy Co., Inc. | 3,123,895 | 270,279,395 | |
Technology Hardware, Storage & Peripherals — 2.2% | |||
HP, Inc. | 6,699,625 | 241,789,466 | |
Seagate Technology Holdings PLC | 1,742,082 | 177,988,518 | |
419,777,984 |
Security | Shares | Value | |
Tobacco — 4.9% | |||
Altria Group, Inc. | 11,872,890 | $ 581,890,339 | |
Philip Morris International, Inc. | 3,199,977 | 368,509,351 | |
950,399,690 | |||
Trading Companies & Distributors — 1.3% | |||
MSC Industrial Direct Co., Inc., Class A | 979,141 | 87,094,592 | |
Watsco, Inc. | 323,646 | 158,421,480 | |
245,516,072 | |||
Total Long-Term Investments — 99.7% (Cost: $17,725,786,823) | 19,254,696,464 | ||
Short-Term Securities | |||
Money Market Funds — 0.2% | |||
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.29%(b)(c) | 44,931,004 | 44,931,004 | |
Total Short-Term Securities — 0.2% (Cost: $44,931,004) | 44,931,004 | ||
Total Investments — 99.9% (Cost: $17,770,717,827) | 19,299,627,468 | ||
Other Assets Less Liabilities — 0.1% | 24,319,802 | ||
Net Assets — 100.0% | $ 19,323,947,270 |
(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 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 Sales | 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(a) | $ — | $ 337(b) | $ — | $ (337) | $ — | $ — | — | $ 7,934(c) | $ — | |||
BlackRock Cash Funds: Treasury, SL Agency Shares | 64,708,693 | — | (19,777,689)(b) | — | — | 44,931,004 | 44,931,004 | 555,286 | — | |||
$ (337) | $ — | $ 44,931,004 | $ 563,220 | $ — |
(a) | As of period end, the entity is no longer held. |
(b) | Represents net amount purchased (sold). |
(c) | 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. |
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Schedule of Investments (unaudited) (continued)
July 31, 2024
iShares® Select Dividend 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 | ||||
E-Mini Energy Select Sector Index | 90 | 09/20/24 | $ 8,842 | $ 430,796 |
E-Mini Financials Select Sector Index | 246 | 09/20/24 | 33,385 | 1,931,516 |
E-Mini Utilities Select Sector Index | 340 | 09/20/24 | 25,109 | 1,091,182 |
$ 3,453,494 |
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.
Level 1 | Level 2 | Level 3 | Total | ||||
Assets | |||||||
Investments | |||||||
Long-Term Investments | |||||||
Common Stocks | $ 19,254,696,464 | $ — | $ — | $ 19,254,696,464 | |||
Short-Term Securities | |||||||
Money Market Funds | 44,931,004 | — | — | 44,931,004 | |||
$ 19,299,627,468 | $ — | $ — | $ 19,299,627,468 | ||||
Derivative Financial Instruments(a) | |||||||
Assets | |||||||
Equity Contracts | $ 3,453,494 | $ — | $ — | $ 3,453,494 |
(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
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