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

iShares

®

ESG

Aware

MSCI

USA

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

 — 1.3%

Axon

Enterprise,

Inc.

(a)

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

42,686

$

27,616,134

General

Electric

Co

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

346,255

63,073,811

Howmet

Aerospace,

Inc.

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

123,200

14,584,416

Northrop

Grumman

Corp.

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

48,332

23,665,764

RTX

Corp.

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

532,661

64,894,090

193,834,215

a

Air

Freight

&

Logistics

 — 0.7%

CH

Robinson

Worldwide,

Inc.

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

148,475

15,675,990

Expeditors

International

of

Washington,

Inc.

.......

321,009

39,047,535

FedEx

Corp.

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

50,334

15,234,592

United

Parcel

Service,

Inc.,

Class

B

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

171,261

23,243,543

93,201,660

a

Automobiles

 — 1.8%

Tesla,

Inc.

(a)

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

768,314

265,191,260

a

Banks

 — 3.2%

Bank

of

America

Corp.

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

1,966,390

93,423,189

Citigroup,

Inc.

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

586,641

41,575,248

Huntington

Bancshares,

Inc.

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

955,350

17,205,853

JPMorgan

Chase

&

Co.

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

729,126

182,077,345

PNC

Financial

Services

Group,

Inc.

(The)

........

238,131

51,131,488

Truist

Financial

Corp.

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

421,728

20,107,991

U.S.

Bancorp

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

523,572

27,901,152

Wells

Fargo

&

Co.

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

412,908

31,451,202

464,873,468

a

Beverages

 — 1.3%

Coca-Cola

Co.

(The)

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

1,411,012

90,417,649

Keurig

Dr

Pepper,

Inc.

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

424,995

13,876,087

Molson

Coors

Beverage

Co.,

Class

B

...........

450,937

27,985,150

PepsiCo,

Inc.

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

357,897

58,498,265

190,777,151

a

Biotechnology

 — 1.8%

AbbVie,

Inc.

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

354,382

64,827,099

Alnylam

Pharmaceuticals,

Inc.

(a)

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

53,904

13,641,485

Amgen,

Inc.

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

135,488

38,325,491

Gilead

Sciences,

Inc.

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

701,942

64,985,791

Moderna,

Inc.

(a)

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

338,456

14,573,915

Regeneron

Pharmaceuticals,

Inc.

(a)

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

29,742

22,313,043

Vertex

Pharmaceuticals,

Inc.

(a)

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

101,214

47,381,310

266,048,134

a

Broadline

Retail

 — 3.8%

Amazon.com,

Inc.

(a)(b)

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

2,511,410

522,097,025

MercadoLibre,

Inc.

(a)(b)

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

13,173

26,150,644

548,247,669

a

Building

Products

 — 1.1%

Carrier

Global

Corp.

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

319,801

24,743,003

Fortune

Brands

Innovations,

Inc.

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

200,285

15,682,316

Johnson

Controls

International

PLC

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

277,541

23,274,588

Lennox

International,

Inc.

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

24,765

16,521,474

Owens

Corning

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

72,852

14,979,828

Trane

Technologies

PLC

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

152,034

63,279,592

158,480,801

a

Capital

Markets

 — 3.5%

Ameriprise

Financial,

Inc.

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

32,003

18,368,762

Bank

of

New

York

Mellon

Corp.

(The)

...........

625,932

51,245,053

BlackRock,

Inc.

(c)

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

13,833

14,148,392

Cboe

Global

Markets,

Inc.

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

131,664

28,419,674

Security

Shares

Value

a

Capital

Markets

(continued)

Charles

Schwab

Corp.

(The)

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

356,459

$

29,500,547

Coinbase

Global,

Inc.,

Class

A

(a)

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

50,093

14,837,547

FactSet

Research

Systems,

Inc.

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

29,057

14,257,398

Goldman

Sachs

Group,

Inc.

(The)

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

80,437

48,951,545

KKR

&

Co.,

Inc.

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

142,845

23,265,165

Moody's

Corp.

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

95,934

47,965,081

Morgan

Stanley

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

543,363

71,512,005

Nasdaq,

Inc.

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

388,788

32,265,516

Raymond

James

Financial,

Inc.

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

183,761

31,107,062

S&P

Global,

Inc.

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

164,172

85,781,512

511,625,259

a

Chemicals

 — 1.2%

Air

Products

and

Chemicals,

Inc.

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

45,584

15,240,099

Ecolab,

Inc.

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

225,424

56,078,728

Linde

PLC

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

104,580

48,210,334

Mosaic

Co.

(The)

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

546,043

14,448,298

PPG

Industries,

Inc.

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

287,273

35,728,143

169,705,602

a

Commercial

Services

&

Supplies

 — 0.4%

Copart,

Inc.

(a)

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

246,204

15,606,872

Veralto

Corp.

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

347,616

37,608,575

53,215,447

a

Communications

Equipment

 — 1.1%

Arista

Networks,

Inc.

(a)

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

74,504

30,235,213

Cisco

Systems,

Inc.

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

1,115,957

66,075,814

F5,

Inc.

(a)(b)

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

57,778

14,464,722

Juniper

Networks,

Inc.

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

366,960

13,181,203

Motorola

Solutions,

Inc.

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

71,778

35,867,467

159,824,419

a

Construction

&

Engineering

 — 0.2%

EMCOR

Group,

Inc.

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

28,505

14,540,970

Quanta

Services,

Inc.

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

43,632

15,032,097

29,573,067

a

Construction

Materials

 — 0.5%

CRH

PLC

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

562,520

57,528,920

Martin

Marietta

Materials,

Inc.

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

33,914

20,348,400

77,877,320

a

Consumer

Finance

 — 1.0%

American

Express

Co.

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

252,608

76,964,605

Capital

One

Financial

Corp.

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

76,886

14,762,881

Discover

Financial

Services

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

161,820

29,520,823

Synchrony

Financial

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

257,850

17,410,032

138,658,341

a

Consumer

Staples

Distribution

&

Retail

 — 1.3%

Costco

Wholesale

Corp.

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

121,647

118,226,286

Kroger

Co.

(The)

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

556,600

33,997,128

Sysco

Corp.

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

186,049

14,346,238

Target

Corp.

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

198,644

26,282,588

192,852,240

a

Containers

&

Packaging

 — 0.3%

Ball

Corp.

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

299,196

18,598,023

Crown

Holdings,

Inc.

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

154,608

14,237,851

International

Paper

Co.

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

252,972

14,882,343

47,718,217

a

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2024

iShares

®

ESG

Aware

MSCI

USA

ETF

(Percentages

shown

are

based

on

Net

Assets)

2

Security

Shares

Value

a

Distributors

 — 0.4%

LKQ

Corp.

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

994,145

$

39,059,957

Pool

Corp.

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

40,614

15,315,133

54,375,090

a

Diversified

Telecommunication

Services

 — 0.6%

AT&T,

Inc.

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

1,286,473

29,794,715

Verizon

Communications,

Inc.

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

1,193,686

52,928,037

82,722,752

a

Electric

Utilities

 — 0.9%

Constellation

Energy

Corp.

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

63,120

16,194,067

Edison

International

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

174,835

15,341,771

Eversource

Energy

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

234,493

15,122,454

Exelon

Corp.

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

619,327

24,500,576

NextEra

Energy,

Inc.

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

818,899

64,422,784

135,581,652

a

Electrical

Equipment

 — 0.5%

Eaton

Corp.

PLC

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

73,806

27,708,248

GE

Vernova,

Inc.

(a)

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

64,972

21,708,445

Hubbell,

Inc.

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

31,636

14,555,407

63,972,100

a

Electronic

Equipment,

Instruments

&

Components

 — 0.3%

Keysight

Technologies,

Inc.

(a)

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

148,448

25,360,856

Trimble,

Inc.

(a)

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

196,430

14,333,497

39,694,353

a

Energy

Equipment

&

Services

 — 0.2%

Baker

Hughes

Co.,

Class

A

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

426,538

18,746,345

Schlumberger

N.V.

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

326,549

14,348,563

33,094,908

a

Entertainment

 — 1.3%

Electronic

Arts,

Inc.

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

110,663

18,112,213

Netflix,

Inc.

(a)

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

103,021

91,360,053

Walt

Disney

Co.

(The)

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

554,546

65,142,519

Warner

Bros

Discovery,

Inc.,

Series

A

(a)(b)

.........

1,467,345

15,377,775

189,992,560

a

Financial

Services

 — 3.1%

Berkshire

Hathaway,

Inc.,

Class

B

(a)

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

155,516

75,117,338

Fidelity

National

Information

Services,

Inc.

........

162,262

13,840,949

Fiserv,

Inc.

(a)(b)

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

66,907

14,783,771

Mastercard,

Inc.,

Class

A

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

301,415

160,636,110

PayPal

Holdings,

Inc.

(a)

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

226,541

19,656,963

Visa,

Inc.,

Class

A

(b)

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

497,043

156,608,308

440,643,439

a

Food

Products

 — 1.5%

Bunge

Global

SA

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

279,264

25,061,151

Conagra

Brands,

Inc.

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

516,014

14,216,186

General

Mills,

Inc.

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

919,277

60,911,294

Hormel

Foods

Corp.

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

519,688

16,853,482

Kellanova

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

525,880

42,748,785

Kraft

Heinz

Co.

(The)

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

929,086

29,702,880

McCormick

&

Co.,

Inc.,

NVS

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

207,766

16,290,932

The

Campbell's

Company

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

326,026

15,062,401

220,847,111

a

Ground

Transportation

 — 0.7%

JB

Hunt

Transport

Services,

Inc.

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

75,388

14,256,625

Old

Dominion

Freight

Line,

Inc.

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

63,221

14,233,576

Uber

Technologies,

Inc.

(a)

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

457,565

32,926,377

Union

Pacific

Corp.

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

179,773

43,983,262

105,399,840

a

Security

Shares

Value

a

Health

Care

Equipment

&

Supplies

 — 1.8%

Cooper

Companies,

Inc.

(The)

(a)

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

139,993

$

14,623,669

Dexcom,

Inc.

(a)

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

196,643

15,336,187

Edwards

Lifesciences

Corp.

(a)

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

642,305

45,828,462

Hologic,

Inc.

(a)

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

180,136

14,320,812

IDEXX

Laboratories,

Inc.

(a)

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

88,628

37,378,859

Intuitive

Surgical,

Inc.

(a)

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

97,346

52,761,532

STERIS

PLC

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

162,861

35,676,330

Stryker

Corp.

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

60,518

23,732,134

Zimmer

Biomet

Holdings,

Inc.

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

129,697

14,539,034

254,197,019

a

Health

Care

Providers

&

Services

 — 2.6%

Cardinal

Health,

Inc.

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

161,081

19,690,541

Cencora,

Inc.

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

105,507

26,540,286

Centene

Corp.

(a)

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

245,742

14,744,520

Cigna

Group

(The)

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

115,689

39,079,744

Elevance

Health,

Inc.

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

130,861

53,255,193

HCA

Healthcare,

Inc.

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

40,832

13,361,047

Humana,

Inc.

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

49,284

14,606,792

Labcorp

Holdings,

Inc.

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

58,994

14,226,993

McKesson

Corp.

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

42,962

27,001,617

Quest

Diagnostics,

Inc.

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

133,024

21,637,684

UnitedHealth

Group,

Inc.

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

224,913

137,241,913

381,386,330

a

Health

Care

REITs

 — 0.3%

Welltower,

Inc.

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

269,259

37,206,209

a

Health

Care

Technology

 — 0.1%

Veeva

Systems,

Inc.,

Class

A

(a)(b)

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

79,765

18,174,455

a

Hotels,

Restaurants

&

Leisure

 — 1.6%

Booking

Holdings,

Inc.

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

10,964

57,034,509

Chipotle

Mexican

Grill,

Inc.

(a)(b)

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

302,558

18,613,368

Flutter

Entertainment

PLC

(a)

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

109,731

30,320,870

Hilton

Worldwide

Holdings,

Inc.

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

56,455

14,307,955

McDonald's

Corp.

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

200,470

59,341,125

Royal

Caribbean

Cruises

Ltd.

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

60,886

14,859,837

Starbucks

Corp.

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

295,971

30,325,189

224,802,853

a

Household

Durables

 — 0.1%

PulteGroup,

Inc.

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

111,880

15,134,008

a

Household

Products

 — 1.2%

Church

&

Dwight

Co.,

Inc.

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

255,477

28,135,682

Clorox

Co.

(The)

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

183,248

30,633,568

Kimberly-Clark

Corp.

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

118,252

16,478,416

Procter

&

Gamble

Co.

(The)

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

571,544

102,454,978

177,702,644

a

Industrial

Conglomerates

 — 0.8%

3M

Co.

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

360,092

48,083,085

Honeywell

International,

Inc.

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

285,614

66,528,069

114,611,154

a

Industrial

REITs

 — 0.1%

Prologis,

Inc.

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

172,632

20,159,965

a

Insurance

 — 2.6%

Aflac,

Inc.

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

191,917

21,878,538

Aon

PLC,

Class

A

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

36,865

14,434,122

Arch

Capital

Group

Ltd.

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

170,961

17,219,192

Arthur

J

Gallagher

&

Co.

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

53,880

16,823,491

Assurant,

Inc.

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

86,512

19,646,875

Hartford

Financial

Services

Group,

Inc.

(The)

......

192,574

23,746,300

iShares

®

ESG

Aware

MSCI

USA

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.

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

202,077

$

47,130,419

MetLife,

Inc.

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

484,530

42,750,082

Progressive

Corp.

(The)

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

176,373

47,423,172

Prudential

Financial,

Inc.

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

648,579

83,932,608

Travelers

Companies,

Inc.

(The)

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

81,865

21,779,365

Willis

Towers

Watson

PLC

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

48,399

15,584,478

372,348,642

a

Interactive

Media

&

Services

 — 5.5%

Alphabet,

Inc.,

Class

A

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

428,086

72,325,130

Alphabet,

Inc.,

Class

C,

NVS

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

2,385,742

406,745,153

Meta

Platforms,

Inc.,

Class

A

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

548,586

315,063,912

794,134,195

a

IT

Services

 — 1.7%

Accenture

PLC,

Class

A

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

180,373

65,361,764

Akamai

Technologies,

Inc.

(a)

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

194,116

18,250,786

Gartner,

Inc.

(a)

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

36,594

18,953,130

GoDaddy,

Inc.,

Class

A

(a)

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

75,571

14,930,563

International

Business

Machines

Corp.

..........

328,641

74,736,250

MongoDB,

Inc.,

Class

A

(a)

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

47,402

15,286,671

Snowflake,

Inc.,

Class

A

(a)(b)

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

109,099

19,070,505

Twilio,

Inc.,

Class

A

(a)

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

142,842

14,932,703

241,522,372

a

Life

Sciences

Tools

&

Services

 — 1.1%

Agilent

Technologies,

Inc.

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

156,457

21,586,372

Avantor,

Inc.

(a)(b)

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

660,917

13,918,912

Danaher

Corp.

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

190,519

45,665,499

IQVIA

Holdings,

Inc.

(a)

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

102,143

20,514,400

Mettler-Toledo

International,

Inc.

(a)

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

11,331

14,177,347

Waters

Corp.

(a)(b)

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

60,206

23,162,453

West

Pharmaceutical

Services,

Inc.

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

50,339

16,394,406

155,419,389

a

Machinery

 — 2.0%

Caterpillar,

Inc.

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

113,730

46,186,890

CNH

Industrial

N.V.

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

1,991,711

25,015,890

Cummins,

Inc.

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

161,387

60,526,581

Deere

&

Co.

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

78,081

36,377,938

Fortive

Corp.

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

285,787

22,671,483

IDEX

Corp.

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

61,742

14,239,557

Ingersoll

Rand,

Inc.

(b)

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

136,682

14,238,164

Pentair

PLC

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

352,981

38,471,399

Xylem,

Inc.

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

293,870

37,248,023

294,975,925

a

Media

 — 0.3%

Comcast

Corp.,

Class

A

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

688,373

29,730,830

Fox

Corp.,

Class

B

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

344,736

15,420,041

45,150,871

a

Metals

&

Mining

 — 0.3%

Newmont

Corp.

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

525,402

22,035,360

Nucor

Corp.

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

116,646

18,043,970

40,079,330

a

Multi-Utilities

 — 1.3%

CMS

Energy

Corp.

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

376,128

26,219,883

Dominion

Energy,

Inc.

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

524,518

30,815,433

NiSource,

Inc.

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

1,515,058

57,708,559

Public

Service

Enterprise

Group,

Inc.

...........

695,227

65,559,906

180,303,781

a

Office

REITs

 — 0.1%

BXP,

Inc.

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

179,651

14,729,586

a

Security

Shares

Value

a

Oil,

Gas

&

Consumable

Fuels

 — 3.6%

Cheniere

Energy,

Inc.

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

202,100

$

45,272,421

Chevron

Corp.

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

328,576

53,206,312

ConocoPhillips

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

608,974

65,976,243

Diamondback

Energy,

Inc.

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

81,741

14,516,384

EQT

Corp.

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

329,314

14,964,028

Exxon

Mobil

Corp.

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

650,963

76,787,596

Hess

Corp.

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

269,873

39,719,908

Kinder

Morgan,

Inc.,

Class

P

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

2,084,309

58,923,416

ONEOK,

Inc.

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

442,847

50,307,419

Ovintiv,

Inc.

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

505,492

22,959,447

Phillips

66

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

109,788

14,709,396

Targa

Resources

Corp.

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

124,568

25,449,242

Williams

Companies,

Inc.

(The)

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

708,133

41,439,943

524,231,755

a

Passenger

Airlines

 — 0.2%

Delta

Air

Lines,

Inc.

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

398,056

25,403,934

a

Personal

Care

Products

 — 0.1%

Kenvue,

Inc.

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

778,771

18,752,806

a

Pharmaceuticals

 — 3.0%

Bristol-Myers

Squibb

Co.

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

526,417

31,174,415

Eli

Lilly

&

Co.

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

225,464

179,322,792

Johnson

&

Johnson

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

475,965

73,779,335

Merck

&

Co.,

Inc.

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

616,615

62,672,749

Pfizer,

Inc.

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

1,379,581

36,158,818

Zoetis,

Inc.,

Class

A

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

306,362

53,689,940

436,798,049

a

Professional

Services

 — 1.3%

Automatic

Data

Processing,

Inc.

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

315,833

96,938,623

Broadridge

Financial

Solutions,

Inc.

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

258,881

61,101,093

Jacobs

Solutions,

Inc.

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

124,309

17,556,160

Leidos

Holdings,

Inc.

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

73,370

12,135,398

187,731,274

a

Real

Estate

Management

&

Development

 — 0.2%

CBRE

Group,

Inc.,

Class

A

(a)

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

171,961

24,072,820

a

Semiconductors

&

Semiconductor

Equipment

 — 10.9%

Advanced

Micro

Devices,

Inc.

(a)

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

464,663

63,740,147

Analog

Devices,

Inc.

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

67,109

14,633,118

Applied

Materials,

Inc.

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

374,947

65,506,990

Broadcom,

Inc.

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

1,179,267

191,135,595

First

Solar,

Inc.

(a)

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

78,310

15,604,834

Intel

Corp.

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

1,383,847

33,281,520

Lam

Research

Corp.

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

583,970

43,143,704

Marvell

Technology,

Inc.

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

215,312

19,957,269

Micron

Technology,

Inc.

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

253,581

24,838,259

NVIDIA

Corp.

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

6,769,632

935,901,623

NXP

Semiconductors

NV

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

193,298

44,336,762

QUALCOMM,

Inc.

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

223,916

35,497,404

Texas

Instruments,

Inc.

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

463,359

93,149,060

1,580,726,285

a

Software

 — 11.1%

Adobe,

Inc.

(a)

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

153,092

78,984,756

ANSYS,

Inc.

(a)

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

106,128

37,261,541

Atlassian

Corp.,

Class

A

(a)

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

56,426

14,872,765

Autodesk,

Inc.

(a)

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

166,021

48,461,530

Cadence

Design

Systems,

Inc.

(a)

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

96,896

29,728,662

Crowdstrike

Holdings,

Inc.,

Class

A

(a)

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

40,999

14,184,424

Dynatrace,

Inc.

(a)

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

265,895

14,940,640

Fair

Isaac

Corp.

(a)

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

6,074

14,425,932

HubSpot,

Inc.

(a)

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

20,369

14,687,068

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2024

iShares

®

ESG

Aware

MSCI

USA

ETF

(Percentages

shown

are

based

on

Net

Assets)

4

Security

Shares

Value

a

Software

(continued)

Intuit,

Inc.

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

113,828

$

73,046,842

Microsoft

Corp.

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

1,936,155

819,884,196

MicroStrategy,

Inc.,

Class

A

(a)(b)

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

43,433

16,828,985

Nutanix,

Inc.,

Class

A

(a)(b)

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

198,892

12,983,670

Oracle

Corp.

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

447,129

82,647,324

Palantir

Technologies,

Inc.,

Class

A

(a)(b)

..........

311,607

20,902,598

Palo

Alto

Networks,

Inc.

(a)(b)

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

96,461

37,409,505

PTC,

Inc.

(a)

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

100,457

20,097,427

Salesforce,

Inc.

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

297,093

98,037,719

ServiceNow,

Inc.

(a)

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

89,235

93,646,778

Synopsys,

Inc.

(a)

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

57,423

32,070,171

Workday,

Inc.,

Class

A

(a)

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

83,584

20,895,164

1,595,997,697

a

Specialized

REITs

 — 1.6%

American

Tower

Corp.

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

279,651

58,447,059

Crown

Castle,

Inc.

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

441,528

46,912,350

Digital

Realty

Trust,

Inc.

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

166,662

32,614,087

Equinix,

Inc.

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

48,401

47,504,613

Iron

Mountain,

Inc.

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

152,132

18,814,164

SBA

Communications

Corp.,

Class

A

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

69,746

15,780,033

Weyerhaeuser

Co.

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

468,314

15,107,810

235,180,116

a

Specialty

Retail

 — 2.0%

Best

Buy

Co.,

Inc.

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

230,802

20,772,180

CarMax,

Inc.

(a)

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

183,182

15,381,793

Home

Depot,

Inc.

(The)

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

335,398

143,929,344

Lowe's

Companies,

Inc.

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

194,681

53,036,945

Tractor

Supply

Co.

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

125,119

35,492,507

Williams-Sonoma,

Inc.

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

136,909

23,551,086

292,163,855

a

Technology

Hardware,

Storage

&

Peripherals

 — 7.1%

Apple,

Inc.

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

4,029,250

956,261,903

Hewlett

Packard

Enterprise

Co.

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

958,987

20,349,704

HP,

Inc.

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

412,346

14,609,419

Security

Shares

Value

a

Technology

Hardware,

Storage

&

Peripherals

(continued)

NetApp,

Inc.

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

119,174

$

14,615,499

Western

Digital

Corp.

(a)

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

227,364

16,595,298

1,022,431,823

a

Textiles,

Apparel

&

Luxury

Goods

 — 0.3%

Deckers

Outdoor

Corp.

(a)

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

143,408

28,102,232

Lululemon

Athletica,

Inc.

(a)(b)

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

43,444

13,930,753

42,032,985

a

Trading

Companies

&

Distributors

 — 0.7%

Ferguson

Enterprises,

Inc.

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

123,290

26,622,010

United

Rentals,

Inc.

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

26,992

23,375,072

WW

Grainger,

Inc.

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

40,590

48,924,750

98,921,832

a

Total

Long-Term

Investments — 99.6%

(Cost:

$11,113,841,550)

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

14,394,512,034

a

Short-Term

Securities

Money

Market

Funds

 — 

0.8%

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares,

4.79%

(c)(d)(e)

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

78,007,003

78,046,006

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares,

4.62%

(c)(d)

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

34,070,184

34,070,184

a

Total

Short-Term

Securities — 0.8%

(Cost:

$112,105,718)

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

112,116,190

Total

Investments

—

100.4%

(Cost:

$11,225,947,268)

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

14,506,628,224

Liabilities

in

Excess

of

Other

Assets

—

(0.4)%

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

(60,575,502)

Net

Assets

—

100.0%

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

$

14,446,052,722

(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

$

66,633,146

‌

$

11,415,809

(a)

$

—

‌

$

7,020

‌

$

(9,969

)

$

78,046,006

‌

78,007,003

‌

$

28,235

(b)

$

—

‌

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

......

41,297,684

‌

—

‌

(7,227,500

)

(a)

—

‌

—

‌

34,070,184

‌

34,070,184

‌

387,781

‌

—

‌

BlackRock,

Inc.

..

13,731,861

‌

776,171

‌

(2,247,464

)

463,577

‌

1,424,247

‌

14,148,392

‌

13,833

‌

78,229

‌

—

‌

$

470,597

‌

$

1,414,278

‌

$

126,264,582

‌

$

494,245

‌

$

—

‌

iShares

®

ESG

Aware

MSCI

USA

ETF

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2024

5

Schedule

of

Investments

Affiliates

(continued)

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. 

(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

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

166

12/20/24

$

50,227

$

1,857,835

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Common

Stocks

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

$

14,394,512,034

$

—

$

—

$

14,394,512,034

Short-Term

Securities

Money

Market

Funds

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

112,116,190

—

—

112,116,190

$

14,506,628,224

$

—

$

—

$

14,506,628,224

Derivative

Financial

Instruments

(a)

Assets

Equity

Contracts

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

$

1,857,835

$

—

$

—

$

1,857,835

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

REIT

Real

Estate

Investment

Trust