iShares Russell Small/Mid-Cap Index Fund - (IWM) NPORT-P iShares ESG MSCI USA Leaders ETF (Nov 2024 report)

iShares

®

ESG

MSCI

USA

Leaders

ETF

Schedule

of

Investments

(unaudited)

November

30,

2024

(Percentages

shown

are

based

on

Net

Assets)

1

Schedule

of

Investments

Security

Shares

Value

a

Common

Stocks

Aerospace

&

Defense

 — 0.9%

Axon

Enterprise,

Inc.

(a)

.....................

2,624

$

1,697,623

General

Electric

Co

.......................

39,635

7,219,912

8,917,535

a

Air

Freight

&

Logistics

 — 0.5%

CH

Robinson

Worldwide,

Inc.

................

4,302

454,205

Expeditors

International

of

Washington,

Inc.

.......

5,140

625,229

United

Parcel

Service,

Inc.,

Class

B

............

26,776

3,634,039

4,713,473

a

Automobile

Components

 — 0.1%

Aptiv

PLC

(a)(b)

............................

9,890

549,192

a

Automobiles

 — 3.6%

Rivian

Automotive,

Inc.,

Class

A

(a)(b)

.............

27,060

330,944

Tesla,

Inc.

(a)

.............................

105,099

36,275,971

36,606,915

a

Banks

 — 1.2%

Citizens

Financial

Group,

Inc.

................

16,387

788,870

Huntington

Bancshares,

Inc.

.................

52,814

951,180

KeyCorp

...............................

34,452

671,125

PNC

Financial

Services

Group,

Inc.

(The)

........

14,481

3,109,360

Regions

Financial

Corp.

....................

33,331

908,603

Truist

Financial

Corp.

......................

48,951

2,333,984

U.S.

Bancorp

...........................

57,016

3,038,383

11,801,505

a

Beverages

 — 1.9%

Coca-Cola

Co.

(The)

......................

149,665

9,590,533

Keurig

Dr

Pepper,

Inc.

.....................

42,134

1,375,675

PepsiCo,

Inc.

...........................

50,151

8,197,181

19,163,389

a

Biotechnology

 — 1.1%

Amgen,

Inc.

............................

19,641

5,555,850

Biogen,

Inc.

(a)

...........................

5,319

854,391

Gilead

Sciences,

Inc.

......................

45,510

4,213,316

Neurocrine

Biosciences,

Inc.

(a)

................

3,695

468,341

11,091,898

a

Broadline

Retail

 — 0.4%

eBay,

Inc.

..............................

17,874

1,131,245

MercadoLibre,

Inc.

(a)

.......................

1,668

3,311,264

4,442,509

a

Building

Products

 — 1.0%

Allegion

PLC

............................

3,169

446,322

Carrier

Global

Corp.

.......................

29,625

2,292,086

Fortune

Brands

Innovations,

Inc.

..............

4,565

357,440

Johnson

Controls

International

PLC

............

24,418

2,047,693

Lennox

International,

Inc.

...................

1,165

777,206

Owens

Corning

..........................

3,146

646,881

Trane

Technologies

PLC

....................

8,248

3,432,983

10,000,611

a

Capital

Markets

 — 4.1%

Ameriprise

Financial,

Inc.

...................

3,589

2,059,978

Bank

of

New

York

Mellon

Corp.

(The)

...........

26,962

2,207,379

BlackRock,

Inc.

(c)

.........................

5,416

5,539,485

Cboe

Global

Markets,

Inc.

...................

3,829

826,490

Charles

Schwab

Corp.

(The)

.................

58,509

4,842,205

FactSet

Research

Systems,

Inc.

...............

1,388

681,050

Franklin

Resources,

Inc.

....................

10,509

239,185

Intercontinental

Exchange,

Inc.

...............

20,987

3,378,067

Security

Shares

Value

a

Capital

Markets

(continued)

LPL

Financial

Holdings,

Inc.

..................

2,754

$

895,463

MarketAxess

Holdings,

Inc.

..................

1,378

356,475

Moody's

Corp.

...........................

5,991

2,995,380

Morgan

Stanley

..........................

44,355

5,837,561

Nasdaq,

Inc.

............................

15,788

1,310,246

Northern

Trust

Corp.

.......................

7,370

819,249

Raymond

James

Financial,

Inc.

...............

7,199

1,218,647

S&P

Global,

Inc.

.........................

11,705

6,115,980

State

Street

Corp.

........................

10,755

1,059,475

T

Rowe

Price

Group,

Inc.

...................

8,111

1,004,466

41,386,781

a

Chemicals

 — 1.5%

Air

Products

and

Chemicals,

Inc.

..............

8,100

2,708,073

Ecolab,

Inc.

............................

9,393

2,336,697

International

Flavors

&

Fragrances,

Inc.

..........

9,359

855,038

Linde

PLC

.............................

17,455

8,046,580

LyondellBasell

Industries

NV,

Class

A

...........

9,541

795,147

PPG

Industries,

Inc.

.......................

8,534

1,061,374

15,802,909

a

Commercial

Services

&

Supplies

 — 0.4%

Cintas

Corp.

............................

13,287

3,000,072

Veralto

Corp.

............................

9,039

977,929

3,978,001

a

Communications

Equipment

 — 0.0%

Juniper

Networks,

Inc.

.....................

11,762

422,491

a

Construction

&

Engineering

 — 0.3%

EMCOR

Group,

Inc.

.......................

1,706

870,264

Quanta

Services,

Inc.

......................

5,386

1,855,585

2,725,849

a

Construction

Materials

 — 0.4%

CRH

PLC

..............................

24,958

2,552,455

Martin

Marietta

Materials,

Inc.

................

2,233

1,339,800

3,892,255

a

Consumer

Finance

 — 1.2%

Ally

Financial,

Inc.

........................

9,926

396,841

American

Express

Co.

.....................

20,789

6,333,992

Capital

One

Financial

Corp.

..................

13,953

2,679,116

Discover

Financial

Services

..................

9,178

1,674,343

Synchrony

Financial

.......................

14,421

973,706

12,057,998

a

Consumer

Staples

Distribution

&

Retail

 — 0.4%

Albertsons

Companies,

Inc.,

Class

A

............

13,750

272,938

Kroger

Co.

(The)

.........................

25,057

1,530,482

Target

Corp.

............................

16,898

2,235,774

Walgreens

Boots

Alliance,

Inc.

................

26,615

240,067

4,279,261

a

Containers

&

Packaging

 — 0.3%

Avery

Dennison

Corp.

......................

2,928

603,022

Ball

Corp.

..............................

11,097

689,789

International

Paper

Co.

.....................

12,123

713,196

Smurfit

WestRock

PLC

.....................

18,980

1,044,280

3,050,287

a

Distributors

 — 0.1%

Genuine

Parts

Co.

........................

5,054

640,493

LKQ

Corp.

.............................

9,673

380,052

Pool

Corp.

.............................

1,399

527,549

1,548,094

a

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2024

iShares

®

ESG

MSCI

USA

Leaders

ETF

(Percentages

shown

are

based

on

Net

Assets)

2

Security

Shares

Value

a

Diversified

Telecommunication

Services

 — 0.7%

Verizon

Communications,

Inc.

................

153,874

$

6,822,773

a

Electric

Utilities

 — 0.4%

Edison

International

.......................

14,116

1,238,679

Eversource

Energy

.......................

13,064

842,498

Exelon

Corp.

............................

36,538

1,445,443

NRG

Energy,

Inc.

.........................

7,612

773,455

4,300,075

a

Electrical

Equipment

 — 0.7%

Eaton

Corp.

PLC

.........................

14,552

5,463,112

Rockwell

Automation,

Inc.

...................

4,154

1,226,011

6,689,123

a

Electronic

Equipment,

Instruments

&

Components

 — 0.2%

Keysight

Technologies,

Inc.

(a)

.................

6,393

1,092,180

Trimble,

Inc.

(a)

...........................

8,870

647,244

1,739,424

a

Energy

Equipment

&

Services

 — 0.5%

Baker

Hughes

Co.,

Class

A

..................

36,320

1,596,264

Halliburton

Co.

..........................

32,299

1,029,046

Schlumberger

N.V.

........................

51,901

2,280,530

4,905,840

a

Entertainment

 — 1.0%

Electronic

Arts,

Inc.

.......................

9,221

1,509,201

Take-Two

Interactive

Software,

Inc.

(a)

............

6,407

1,206,951

Walt

Disney

Co.

(The)

.....................

66,294

7,787,556

10,503,708

a

Financial

Services

 — 4.4%

Equitable

Holdings,

Inc.

....................

11,645

561,638

Fidelity

National

Information

Services,

Inc.

........

19,943

1,701,138

Fiserv,

Inc.

(a)

............................

21,045

4,650,103

Mastercard,

Inc.,

Class

A

....................

30,158

16,072,404

PayPal

Holdings,

Inc.

(a)

.....................

35,502

3,080,509

Visa,

Inc.,

Class

A

........................

61,061

19,239,100

45,304,892

a

Food

Products

 — 0.5%

Bunge

Global

SA

.........................

5,209

467,456

Conagra

Brands,

Inc.

......................

17,342

477,772

General

Mills,

Inc.

........................

20,336

1,347,463

Hormel

Foods

Corp.

.......................

10,935

354,622

J

M

Smucker

Co.

(The)

.....................

3,856

454,198

Kellanova

..............................

10,026

815,014

Lamb

Weston

Holdings,

Inc.

.................

5,249

405,433

McCormick

&

Co.,

Inc.,

NVS

.................

9,266

726,547

The

Campbell's

Company

...................

7,027

324,647

5,373,152

a

Gas

Utilities

 — 0.1%

Atmos

Energy

Corp.

.......................

5,674

858,590

a

Ground

Transportation

 — 1.0%

CSX

Corp.

.............................

70,869

2,590,262

JB

Hunt

Transport

Services,

Inc.

..............

2,992

565,817

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

..

5,995

355,863

Old

Dominion

Freight

Line,

Inc.

...............

7,050

1,587,237

Union

Pacific

Corp.

.......................

22,245

5,442,462

10,541,641

a

Health

Care

Equipment

&

Supplies

 — 1.0%

Align

Technology,

Inc.

(a)

.....................

2,586

601,943

Cooper

Companies,

Inc.

(The)

(a)

...............

7,218

753,992

Dexcom,

Inc.

(a)

..........................

14,529

1,133,117

Security

Shares

Value

a

Health

Care

Equipment

&

Supplies

(continued)

Edwards

Lifesciences

Corp.

(a)

................

22,020

$

1,571,127

GE

HealthCare

Technologies,

Inc.

.............

16,693

1,389,191

Hologic,

Inc.

(a)

...........................

8,508

676,386

IDEXX

Laboratories,

Inc.

(a)

...................

3,010

1,269,467

Insulet

Corp.

(a)

...........................

2,547

679,489

Solventum

Corp.

(a)

........................

5,324

380,719

STERIS

PLC

............................

3,579

784,016

Teleflex,

Inc.

(b)

...........................

1,706

329,002

Zimmer

Biomet

Holdings,

Inc.

................

7,536

844,786

10,413,235

a

Health

Care

Providers

&

Services

 — 1.5%

Cencora,

Inc.

...........................

6,482

1,630,547

Cigna

Group

(The)

........................

10,219

3,451,978

DaVita,

Inc.

(a)

............................

1,687

280,329

Elevance

Health,

Inc.

......................

8,481

3,451,428

HCA

Healthcare,

Inc.

......................

7,075

2,315,081

Henry

Schein,

Inc.

(a)(b)

......................

4,672

359,978

Humana,

Inc.

...........................

4,403

1,304,961

Labcorp

Holdings,

Inc.

.....................

3,098

747,114

Molina

Healthcare,

Inc.

(a)

....................

2,129

634,229

Quest

Diagnostics,

Inc.

.....................

4,088

664,954

14,840,599

a

Health

Care

REITs

 — 0.4%

Healthpeak

Properties,

Inc.

..................

25,742

566,066

Welltower,

Inc.

...........................

22,609

3,124,112

3,690,178

a

Hotels,

Restaurants

&

Leisure

 — 2.3%

Booking

Holdings,

Inc.

.....................

1,226

6,377,627

Darden

Restaurants,

Inc.

...................

4,328

762,897

Domino's

Pizza,

Inc.

.......................

1,255

597,618

DoorDash,

Inc.,

Class

A

(a)

...................

11,248

2,030,039

Hilton

Worldwide

Holdings,

Inc.

...............

9,008

2,282,988

McDonald's

Corp.

........................

26,222

7,761,974

Royal

Caribbean

Cruises

Ltd.

................

8,925

2,178,236

Yum!

Brands,

Inc.

........................

10,284

1,428,859

23,420,238

a

Household

Durables

 — 0.4%

DR

Horton,

Inc.

..........................

10,725

1,810,166

NVR,

Inc.

(a)

.............................

112

1,034,385

PulteGroup,

Inc.

.........................

7,586

1,026,158

3,870,709

a

Household

Products

 — 2.1%

Church

&

Dwight

Co.,

Inc.

...................

8,936

984,122

Clorox

Co.

(The)

.........................

4,496

751,596

Colgate-Palmolive

Co.

.....................

28,366

2,741,006

Kimberly-Clark

Corp.

......................

12,311

1,715,538

Procter

&

Gamble

Co.

(The)

.................

85,891

15,396,821

21,589,083

a

Industrial

Conglomerates

 — 0.3%

3M

Co.

................................

20,115

2,685,956

a

Industrial

REITs

 — 0.4%

Prologis,

Inc.

............................

33,846

3,952,536

a

Insurance

 — 2.3%

Aflac,

Inc.

..............................

19,447

2,216,958

Allstate

Corp.

(The)

.......................

9,639

1,999,032

Arch

Capital

Group

Ltd.

....................

13,712

1,381,073

Assurant,

Inc.

...........................

1,884

427,856

Hartford

Financial

Services

Group,

Inc.

(The)

......

10,700

1,319,417

iShares

®

ESG

MSCI

USA

Leaders

ETF

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2024

(Percentages

shown

are

based

on

Net

Assets)

3

Schedule

of

Investments

Security

Shares

Value

a

Insurance

(continued)

Marsh

&

McLennan

Companies,

Inc.

............

17,990

$

4,195,808

Principal

Financial

Group,

Inc.

................

8,525

742,442

Progressive

Corp.

(The)

....................

21,409

5,756,452

Prudential

Financial,

Inc.

....................

13,105

1,695,918

Travelers

Companies,

Inc.

(The)

...............

8,313

2,211,591

Willis

Towers

Watson

PLC

...................

3,729

1,200,738

23,147,285

a

Interactive

Media

&

Services

 — 6.6%

Alphabet,

Inc.,

Class

A

.....................

214,178

36,185,373

Alphabet,

Inc.,

Class

C,

NVS

.................

183,738

31,325,492

67,510,865

IT

Services

 — 1.8%

Accenture

PLC,

Class

A

....................

22,825

8,271,095

Akamai

Technologies,

Inc.

(a)

..................

5,602

526,700

Gartner,

Inc.

(a)

...........................

2,820

1,460,563

International

Business

Machines

Corp.

..........

33,672

7,657,349

Twilio,

Inc.,

Class

A

(a)

......................

5,577

583,020

18,498,727

a

Life

Sciences

Tools

&

Services

 — 1.2%

Agilent

Technologies,

Inc.

...................

10,503

1,449,099

Avantor,

Inc.

(a)(b)

..........................

24,644

519,003

Bio-Techne

Corp.

.........................

5,701

429,627

Danaher

Corp.

..........................

23,760

5,695,034

IQVIA

Holdings,

Inc.

(a)

......................

6,652

1,335,988

Mettler-Toledo

International,

Inc.

(a)

.............

785

982,192

Waters

Corp.

(a)(b)

.........................

2,186

840,998

West

Pharmaceutical

Services,

Inc.

............

2,654

864,355

12,116,296

a

Machinery

 — 2.3%

Caterpillar,

Inc.

..........................

17,725

7,198,300

CNH

Industrial

N.V.

.......................

31,622

397,172

Cummins,

Inc.

...........................

5,001

1,875,575

Deere

&

Co.

............................

9,501

4,426,516

Dover

Corp.

............................

5,047

1,039,177

Fortive

Corp.

............................

12,892

1,022,722

Graco,

Inc.

.............................

6,121

557,501

IDEX

Corp.

.............................

2,753

634,924

Illinois

Tool

Works,

Inc.

.....................

10,859

3,013,590

Ingersoll

Rand,

Inc.

(b)

......................

14,752

1,536,716

Pentair

PLC

............................

6,107

665,602

Toro

Co.

(The)

...........................

3,785

329,598

Xylem,

Inc.

.............................

8,867

1,123,892

23,821,285

a

Media

 — 0.9%

Charter

Communications,

Inc.,

Class

A

(a)(b)

........

3,402

1,350,475

Comcast

Corp.,

Class

A

....................

141,210

6,098,860

Fox

Corp.,

Class

A,

NVS

....................

8,136

383,368

Fox

Corp.,

Class

B

........................

5,126

229,286

Interpublic

Group

of

Companies,

Inc.

(The)

.......

13,741

423,360

Omnicom

Group,

Inc.

......................

7,114

745,690

9,231,039

a

Metals

&

Mining

 — 0.4%

Newmont

Corp.

..........................

41,807

1,753,385

Nucor

Corp.

............................

8,730

1,350,444

Steel

Dynamics,

Inc.

.......................

5,358

778,357

3,882,186

a

Mortgage

REITs

 — 0.0%

Annaly

Capital

Management,

Inc.

..............

19,674

392,103

a

Security

Shares

Value

a

Multi-Utilities

 — 0.5%

CMS

Energy

Corp.

........................

10,965

$

764,370

Consolidated

Edison,

Inc.

...................

12,637

1,271,156

NiSource,

Inc.

...........................

16,370

623,533

Sempra

...............................

23,144

2,167,899

4,826,958

a

Office

REITs

 — 0.0%

BXP,

Inc.

..............................

5,400

442,746

a

Oil,

Gas

&

Consumable

Fuels

 — 1.4%

Cheniere

Energy,

Inc.

......................

8,304

1,860,179

HF

Sinclair

Corp.

.........................

6,009

245,948

Marathon

Petroleum

Corp.

..................

12,234

1,910,339

ONEOK,

Inc.

............................

21,350

2,425,360

Phillips

66

..............................

15,300

2,049,894

Targa

Resources

Corp.

.....................

7,608

1,554,314

Valero

Energy

Corp.

.......................

11,711

1,628,766

Williams

Companies,

Inc.

(The)

...............

44,524

2,605,545

14,280,345

a

Passenger

Airlines

 — 0.0%

Delta

Air

Lines,

Inc.

.......................

5,846

373,092

a

Pharmaceuticals

 — 5.3%

Bristol-Myers

Squibb

Co.

....................

74,043

4,384,826

Catalent,

Inc.

(a)

..........................

6,575

401,798

Eli

Lilly

&

Co.

...........................

29,530

23,486,686

Johnson

&

Johnson

.......................

87,994

13,639,950

Merck

&

Co.,

Inc.

.........................

92,657

9,417,658

Zoetis,

Inc.,

Class

A

.......................

16,560

2,902,140

54,233,058

a

Professional

Services

 — 0.8%

Automatic

Data

Processing,

Inc.

...............

14,918

4,578,782

Broadridge

Financial

Solutions,

Inc.

............

4,306

1,016,302

Dayforce,

Inc.

(a)(b)

.........................

5,774

461,862

Paychex,

Inc.

...........................

11,840

1,731,837

TransUnion

.............................

7,045

715,067

8,503,850

a

Real

Estate

Management

&

Development

 — 0.2%

CBRE

Group,

Inc.,

Class

A

(a)

.................

11,200

1,567,888

a

Semiconductors

&

Semiconductor

Equipment

 — 15.5%

Advanced

Micro

Devices,

Inc.

(a)

...............

59,162

8,115,547

Applied

Materials,

Inc.

.....................

30,132

5,264,362

Enphase

Energy,

Inc.

(a)(b)

....................

5,008

357,321

First

Solar,

Inc.

(a)

.........................

3,704

738,096

Intel

Corp.

.............................

156,305

3,759,135

Lam

Research

Corp.

......................

47,378

3,500,287

Marvell

Technology,

Inc.

....................

31,609

2,929,838

NVIDIA

Corp.

...........................

896,668

123,964,351

NXP

Semiconductors

NV

...................

9,338

2,141,857

Texas

Instruments,

Inc.

.....................

33,375

6,709,376

157,480,170

a

Software

 — 16.6%

Adobe,

Inc.

(a)

............................

16,091

8,301,830

ANSYS,

Inc.

(a)

...........................

3,194

1,121,413

Aspen

Technology,

Inc.

(a)

....................

1,047

261,750

Atlassian

Corp.,

Class

A

(a)

...................

5,831

1,536,935

Autodesk,

Inc.

(a)

..........................

7,879

2,299,880

Cadence

Design

Systems,

Inc.

(a)

..............

10,010

3,071,168

DocuSign,

Inc.

(a)

.........................

7,454

594,009

Fair

Isaac

Corp.

(a)

.........................

896

2,128,027

Gen

Digital,

Inc.

..........................

20,443

630,666

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2024

iShares

®

ESG

MSCI

USA

Leaders

ETF

(Percentages

shown

are

based

on

Net

Assets)

4

Security

Shares

Value

a

Software

(continued)

HubSpot,

Inc.

(a)

..........................

1,776

$

1,280,585

Intuit,

Inc.

..............................

10,245

6,574,524

Manhattan

Associates,

Inc.

(a)

.................

2,227

635,675

Microsoft

Corp.

..........................

258,122

109,304,342

Palo

Alto

Networks,

Inc.

(a)(b)

..................

11,902

4,615,834

PTC,

Inc.

(a)

.............................

4,394

879,064

Salesforce,

Inc.

..........................

34,946

11,531,830

ServiceNow,

Inc.

(a)

........................

7,531

7,903,333

Synopsys,

Inc.

(a)

.........................

5,605

3,130,336

Workday,

Inc.,

Class

A

(a)

....................

7,786

1,946,422

Zscaler,

Inc.

(a)

...........................

3,322

686,292

168,433,915

a

Specialized

REITs

 — 1.4%

American

Tower

Corp.

.....................

17,074

3,568,466

Crown

Castle,

Inc.

........................

15,876

1,686,825

Digital

Realty

Trust,

Inc.

....................

11,968

2,342,018

Equinix,

Inc.

............................

3,471

3,406,717

Iron

Mountain,

Inc.

........................

10,710

1,324,506

SBA

Communications

Corp.,

Class

A

............

3,913

885,316

Weyerhaeuser

Co.

........................

26,484

854,374

14,068,222

a

Specialty

Retail

 — 3.5%

AutoZone,

Inc.

(a)

.........................

625

1,980,963

Best

Buy

Co.,

Inc.

........................

7,491

674,190

Burlington

Stores,

Inc.

(a)

....................

2,347

661,572

CarMax,

Inc.

(a)(b)

..........................

5,709

479,385

Dick's

Sporting

Goods,

Inc.

..................

2,114

438,105

Home

Depot,

Inc.

(The)

....................

36,309

15,581,281

Lowe's

Companies,

Inc.

....................

20,770

5,658,371

O'Reilly

Automotive,

Inc.

(a)

...................

2,120

2,635,628

TJX

Companies,

Inc.

(The)

..................

41,193

5,177,548

Tractor

Supply

Co.

........................

3,919

1,111,703

Ulta

Beauty,

Inc.

(a)

........................

1,722

665,794

Williams-Sonoma,

Inc.

.....................

4,618

794,388

35,858,928

a

Technology

Hardware,

Storage

&

Peripherals

 — 0.5%

Hewlett

Packard

Enterprise

Co.

...............

47,655

1,011,239

HP,

Inc.

...............................

35,228

1,248,128

NetApp,

Inc.

............................

7,493

918,941

Security

Shares

Value

a

Technology

Hardware,

Storage

&

Peripherals

(continued)

Seagate

Technology

Holdings

PLC

.............

7,694

$

779,633

Western

Digital

Corp.

(a)

.....................

12,636

922,302

4,880,243

a

Textiles,

Apparel

&

Luxury

Goods

 — 0.6%

Deckers

Outdoor

Corp.

(a)

....................

5,602

1,097,768

Lululemon

Athletica,

Inc.

(a)(b)

..................

4,086

1,310,217

NIKE,

Inc.,

Class

B

.......................

43,521

3,428,149

5,836,134

a

Trading

Companies

&

Distributors

 — 0.5%

Ferguson

Enterprises,

Inc.

...................

7,349

1,586,870

United

Rentals,

Inc.

.......................

2,419

2,094,854

WW

Grainger,

Inc.

........................

1,607

1,936,981

5,618,705

a

Water

Utilities

 — 0.1%

American

Water

Works

Co.,

Inc.

...............

7,145

978,436

Essential

Utilities,

Inc.

......................

9,436

377,723

1,356,159

a

Total

Long-Term

Investments — 99.7%

(Cost:

$774,920,061)

................................

1,014,292,904

a

Short-Term

Securities

Money

Market

Funds

 — 

0.8%

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares,

4.79%

(c)(d)(e)

......................

6,100,272

6,103,322

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares,

4.62%

(c)(d)

............................

1,740,525

1,740,525

a

Total

Short-Term

Securities — 0.8%

(Cost:

$7,843,851)

..................................

7,843,847

Total

Investments

—

100.5%

(Cost:

$782,763,912)

................................

1,022,136,751

Liabilities

in

Excess

of

Other

Assets

—

(0.5)%

...............

(4,875,730)

Net

Assets

—

100.0%

.................................

$

1,017,261,021

(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.

Affiliates

Investments

in

issuers

considered

to

be

affiliate(s)

of

the

Fund

during

the

period

ended

November

30,

2024

for

purposes

of

Section

2(a)(3)

of

the

Investment

Company

Act

of

1940,

as

amended,

were

as

follows:

Affiliated

Issuer

Value

at

08/31/24

Purchases

at

Cost

Proceeds

from

Sale

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

11/30/24

  Shares

Held

at

11/30/24

Income

  Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

.

$

6,733,446

$

—

$

(630,151

)

(a)

$

789

$

(762

)

$

6,103,322

6,100,272

$

2,667

(b)

$

—

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

2,605,907

—

(865,382

)

(a)

—

—

1,740,525

1,740,525

32,959

—

iShares

®

ESG

MSCI

USA

Leaders

ETF

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2024

5

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

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. 

Affiliates

(continued)

Affiliated

Issuer

Value

at

08/31/24

Purchases

at

Cost

Proceeds

from

Sale

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

11/30/24

  Shares

Held

at

11/30/24

Income

  Capital

Gain

Distributions

from

Underlying

Funds

BlackRock,

Inc.

...

$

5,586,713

$

132,409

$

(928,645

)

$

206,390

$

542,618

$

5,539,485

5,416

$

31,595

$

—

$

207,179

$

541,856

$

13,383,332

$

67,221

$

—

(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

500

Index

...................................................................

9

12/20/24

$

2,723

$

86,725

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Common

Stocks

.........................................

$

1,014,292,904

$

—

$

—

$

1,014,292,904

Short-Term

Securities

Money

Market

Funds

......................................

7,843,847

—

—

7,843,847

$

1,022,136,751

$

—

$

—

$

1,022,136,751

Derivative

Financial

Instruments

(a)

Assets

Equity

Contracts

...........................................

$

86,725

$

—

$

—

$

86,725

a

(a)

Derivative

financial

instruments

are

futures

contracts.

Futures

contracts

are

valued

at

the

unrealized

appreciation

(depreciation)

on

the

instrument.

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2024

iShares

®

ESG

MSCI

USA

Leaders

ETF

6

Portfolio

Abbreviation

NVS

Non-Voting

Shares

REIT

Real

Estate

Investment

Trust