Schedule of Investments (unaudited)
April 30, 2024
iShares Developed Real Estate Index Fund
(Percentages shown are based on Net Assets)
Security | Shares | Value | |
Common Stocks | |||
Diversified REITs — 6.0% | |||
Abrdn Property Income Trust Ltd. | 700,529 | $ 438,889 | |
Activia Properties, Inc. | 1,179 | 2,926,218 | |
AEW U.K. REIT PLC | 240,842 | 253,327 | |
American Assets Trust, Inc. | 83,523 | 1,783,216 | |
Argosy Property Ltd. | 1,156,128 | 764,387 | |
Armada Hoffler Properties, Inc. | 113,779 | 1,196,955 | |
Balanced Commercial Property Trust Ltd. | 867,551 | 843,390 | |
British Land Co. PLC | 1,528,103 | 7,368,737 | |
Broadstone Net Lease, Inc. | 307,589 | 4,478,496 | |
Charter Hall Long Wale REIT | 1,119,587 | 2,421,657 | |
Covivio SA/France | 87,750 | 4,367,855 | |
Cromwell European Real Estate Investment Trust | 544,000 | 864,026 | |
Custodian Property Income REIT PLC | 721,057 | 663,792 | |
Daiwa House REIT Investment Corp. | 3,685 | 6,189,974 | |
Empire State Realty Trust, Inc., Class A | 223,799 | 2,036,571 | |
Essential Properties Realty Trust, Inc. | 255,123 | 6,719,940 | |
Global Net Lease, Inc. | 330,300 | 2,295,585 | |
GPT Group | 3,167,156 | 8,517,854 | |
Growthpoint Properties Australia Ltd. | 456,887 | 699,245 | |
H&R Real Estate Investment Trust | 439,953 | 2,876,241 | |
Hankyu Hanshin REIT, Inc. | 1,152 | 1,031,202 | |
Heiwa Real Estate REIT, Inc. | 1,617 | 1,449,683 | |
Hulic REIT, Inc. | 2,174 | 2,077,763 | |
ICADE | 55,199 | 1,467,600 | |
KDX Realty Investment Corp. | 6,831 | 6,737,668 | |
Land Securities Group PLC | 1,234,864 | 9,980,241 | |
Lar Espana Real Estate Socimi SA | 101,629 | 740,772 | |
Merlin Properties Socimi SA | 564,655 | 6,351,888 | |
Mirvac Group | 6,516,785 | 8,538,738 | |
Mori Trust Sogo REIT, Inc. | 4,204 | 1,950,513 | |
Nippon REIT Investment Corp. | 730 | 1,648,737 | |
Nomura Real Estate Master Fund, Inc. | 7,406 | 7,079,543 | |
NTT UD REIT Investment Corp. | 2,407 | 1,845,357 | |
OUE Real Estate Investment Trust | 3,543,700 | 698,221 | |
Picton Property Income Ltd. | 695,643 | 573,325 | |
Schroder Real Estate Investment Trust Ltd.(a) | 962,145 | 533,798 | |
Sekisui House REIT, Inc. | 6,931 | 3,551,439 | |
Star Asia Investment Corp. | 3,619 | 1,411,850 | |
Stockland | 3,986,799 | 11,295,065 | |
Stride Property Group | 871,685 | 642,050 | |
Sunlight Real Estate Investment Trust | 1,651,000 | 354,575 | |
Suntec Real Estate Investment Trust(a) | 3,564,800 | 2,810,430 | |
Takara Leben Real Estate Investment Corp. | 1,108 | 718,090 | |
Tokyu REIT, Inc. | 1,514 | 1,557,799 | |
UK Commercial Property REIT Ltd. | 1,244,899 | 1,044,878 | |
United Urban Investment Corp. | 4,867 | 4,663,530 | |
WP Carey, Inc. | 359,381 | 19,708,454 | |
158,169,564 | |||
Health Care Providers & Services — 0.1% | |||
Chartwell Retirement Residences | 403,758 | 3,663,195 | |
Health Care REITs — 7.8% | |||
Aedifica SA | 77,876 | 4,976,089 | |
Assura PLC | 4,899,474 | 2,508,381 | |
CareTrust REIT, Inc. | 196,149 | 4,848,803 | |
Cofinimmo SA | 60,750 | 4,024,177 | |
Community Healthcare Trust, Inc. | 46,751 | 1,240,304 | |
Health Care & Medical Investment Corp. | 545 | 454,817 | |
Healthcare Realty Trust, Inc. | 636,258 | 9,053,951 | |
HealthCo REIT | 804,605 | 621,016 | |
Security | Shares | Value | |
Health Care REITs (continued) | |||
Healthpeak Properties, Inc. | 1,173,019 | $ 21,829,884 | |
Impact Healthcare REIT PLC | 519,208 | 544,323 | |
Life Science Reit PLC | 551,013 | 271,965 | |
LTC Properties, Inc. | 66,175 | 2,190,393 | |
Medical Properties Trust, Inc.(a) | 993,354 | 4,569,428 | |
National Health Investors, Inc. | 68,023 | 4,289,530 | |
NorthWest Healthcare Properties Real Estate Investment Trust | 378,348 | 1,387,904 | |
Omega Healthcare Investors, Inc. | 408,020 | 12,407,888 | |
Parkway Life Real Estate Investment Trust | 621,200 | 1,630,602 | |
Primary Health Properties PLC | 2,193,383 | 2,510,531 | |
Sabra Health Care REIT, Inc. | 376,899 | 5,246,434 | |
Target Healthcare REIT PLC | 845,561 | 819,177 | |
Ventas, Inc. | 663,701 | 29,388,680 | |
Vital Healthcare Property Trust | 788,558 | 1,013,388 | |
Welltower, Inc. | 920,788 | 87,732,681 | |
203,560,346 | |||
Hotel & Resort REITs — 2.9% | |||
Apple Hospitality REIT, Inc. | 352,052 | 5,196,288 | |
CapitaLand Ascott Trust(a) | 4,028,233 | 2,675,519 | |
CDL Hospitality Trusts(a) | 1,552,454 | 1,104,837 | |
DiamondRock Hospitality Co. | 344,040 | 3,061,956 | |
Far East Hospitality Trust | 1,698,500 | 765,230 | |
Hoshino Resorts REIT, Inc. | 421 | 1,473,732 | |
Host Hotels & Resorts, Inc. | 1,159,777 | 21,884,992 | |
Hotel Property Investments Ltd. | 308,612 | 646,042 | |
Invincible Investment Corp. | 11,188 | 5,012,678 | |
Japan Hotel REIT Investment Corp. | 7,667 | 4,028,989 | |
Park Hotels & Resorts, Inc. | 342,821 | 5,529,703 | |
Pebblebrook Hotel Trust(a) | 197,689 | 2,872,421 | |
RLJ Lodging Trust | 247,552 | 2,723,072 | |
Ryman Hospitality Properties, Inc. | 96,654 | 10,195,064 | |
Service Properties Trust | 264,517 | 1,621,489 | |
Summit Hotel Properties, Inc. | 180,938 | 1,087,437 | |
Sunstone Hotel Investors, Inc. | 336,295 | 3,430,209 | |
Xenia Hotels & Resorts, Inc. | 174,182 | 2,415,904 | |
75,725,562 | |||
Industrial REITs — 15.8% | |||
Advance Logistics Investment Corp. | 1,185 | 914,249 | |
AIMS APAC REIT(a) | 1,086,832 | 1,002,349 | |
Americold Realty Trust, Inc. | 473,099 | 10,393,985 | |
ARGAN SA | 16,955 | 1,332,909 | |
CapitaLand Ascendas REIT | 5,887,259 | 11,151,772 | |
Centuria Industrial REIT | 864,536 | 1,765,265 | |
CRE Logistics REIT, Inc. | 1,025 | 981,051 | |
Dexus Industria REIT | 391,401 | 735,925 | |
Dream Industrial Real Estate Investment Trust | 424,627 | 3,827,858 | |
EastGroup Properties, Inc. | 76,215 | 11,840,762 | |
ESR-LOGOS REIT | 10,389,635 | 2,207,241 | |
First Industrial Realty Trust, Inc. | 217,712 | 9,888,479 | |
Frasers Logistics & Commercial Trust | 4,833,400 | 3,501,240 | |
GLP J-REIT | 7,913 | 6,435,739 | |
Goodman Group | 3,070,145 | 62,015,786 | |
Goodman Property Trust | 1,876,547 | 2,521,121 | |
Granite Real Estate Investment Trust | 98,564 | 4,872,175 | |
Industrial & Infrastructure Fund Investment Corp. | 3,999 | 3,306,694 | |
Innovative Industrial Properties, Inc. | 45,690 | 4,724,346 | |
Japan Logistics Fund, Inc. | 1,461 | 2,604,993 | |
LaSalle Logiport REIT | 3,102 | 3,111,246 | |
LondonMetric Property PLC | 3,167,601 | 7,731,837 | |
LXP Industrial Trust | 483,937 | 4,040,874 | |
Schedule of Investments1
Schedule of Investments (unaudited)(continued)
April 30, 2024
iShares Developed Real Estate Index Fund
(Percentages shown are based on Net Assets)
Security | Shares | Value | |
Industrial REITs (continued) | |||
Mapletree Industrial Trust | 3,248,510 | $ 5,378,998 | |
Mapletree Logistics Trust | 5,454,309 | 5,352,323 | |
Mitsubishi Estate Logistics REIT Investment Corp. | 792 | 2,030,023 | |
Mitsui Fudosan Logistics Park, Inc. | 918 | 2,633,600 | |
Montea NV | 29,765 | 2,551,869 | |
Nippon Prologis REIT, Inc. | 4,056 | 7,010,529 | |
Prologis, Inc. | 1,533,576 | 156,501,431 | |
Rexford Industrial Realty, Inc. | 349,950 | 14,981,359 | |
Segro PLC | 2,217,503 | 23,323,968 | |
SOSiLA Logistics REIT, Inc. | 1,225 | 964,483 | |
STAG Industrial, Inc. | 303,375 | 10,433,066 | |
Terreno Realty Corp. | 147,323 | 8,007,005 | |
Tritax Big Box REIT PLC | 3,143,366 | 5,937,300 | |
Urban Logistics REIT PLC | 818,288 | 1,184,046 | |
Warehouse Reit PLC | 717,613 | 715,011 | |
Warehouses De Pauw CVA | 281,926 | 7,455,353 | |
415,368,260 | |||
Office REITs — 6.6% | |||
Abacus Group | 930,621 | 693,527 | |
Alexandria Real Estate Equities, Inc. | 288,143 | 33,387,129 | |
Allied Properties Real Estate Investment Trust | 212,513 | 2,613,478 | |
Boston Properties, Inc. | 260,861 | 16,144,687 | |
Brandywine Realty Trust | 274,909 | 1,248,087 | |
Centuria Office REIT | 795,441 | 606,674 | |
Champion REIT | 3,094,000 | 689,249 | |
CLS Holdings PLC | 253,493 | 261,010 | |
COPT Defense Properties | 184,504 | 4,422,561 | |
Cousins Properties, Inc. | 249,576 | 5,725,273 | |
Cromwell Property Group | 2,216,356 | 575,715 | |
Daiwa Office Investment Corp. | 439 | 1,600,555 | |
Derwent London PLC | 183,836 | 4,722,885 | |
Dexus | 1,804,964 | 8,198,527 | |
Douglas Emmett, Inc. | 252,692 | 3,464,407 | |
Easterly Government Properties, Inc. | 164,455 | 1,922,479 | |
Gecina SA | 86,702 | 8,852,430 | |
Global One Real Estate Investment Corp. | 1,689 | 1,149,350 | |
Great Portland Estates PLC | 358,021 | 1,753,672 | |
Helical PLC | 181,107 | 461,657 | |
Highwoods Properties, Inc. | 179,928 | 4,714,114 | |
Hudson Pacific Properties, Inc. | 240,716 | 1,396,153 | |
Ichigo Office REIT Investment Corp. | 1,888 | 968,109 | |
Inmobiliaria Colonial Socimi SA | 543,177 | 3,176,877 | |
Japan Excellent, Inc. | 2,040 | 1,666,465 | |
Japan Prime Realty Investment Corp. | 1,550 | 3,353,987 | |
Japan Real Estate Investment Corp. | 2,239 | 7,592,763 | |
JBG SMITH Properties | 153,542 | 2,304,665 | |
Keppel REIT | 4,230,500 | 2,716,381 | |
Kilroy Realty Corp. | 196,163 | 6,630,309 | |
Mirai Corp. | 3,326 | 952,327 | |
Mori Hills REIT Investment Corp. | 2,580 | 2,245,166 | |
Nippon Building Fund, Inc. | 2,519 | 9,624,581 | |
NSI NV | 28,900 | 548,373 | |
One REIT, Inc. | 415 | 698,683 | |
Orix JREIT, Inc. | 4,437 | 4,676,954 | |
Paramount Group, Inc. | 326,006 | 1,512,668 | |
Piedmont Office Realty Trust, Inc., Class A | 217,201 | 1,496,515 | |
Precinct Properties New Zealand Ltd. | 2,278,493 | 1,570,844 | |
Prosperity REIT | 1,875,000 | 298,236 | |
Regional REIT Ltd.(b) | 686,480 | 192,145 | |
Sankei Real Estate, Inc. | 723 | 418,737 | |
SL Green Realty Corp. | 106,049 | 5,284,422 | |
Security | Shares | Value | |
Office REITs (continued) | |||
Vornado Realty Trust | 296,317 | $ 7,713,132 | |
Workspace Group PLC | 247,249 | 1,528,256 | |
171,774,214 | |||
Real Estate Management & Development — 14.0% | |||
Abrdn European Logistics Income PLC(b) | 633,525 | 468,640 | |
Aeon Mall Co. Ltd. | 151,000 | 1,726,371 | |
Alexander & Baldwin, Inc. | 120,311 | 1,981,522 | |
Allreal Holding AG, Class N, Registered Shares | 24,461 | 3,950,506 | |
Amot Investments Ltd. | 354,031 | 1,484,848 | |
Aroundtown SA(a)(c) | 1,176,381 | 2,438,719 | |
Atrium Ljungberg AB, Class B | 75,925 | 1,346,208 | |
Azrieli Group Ltd. | 62,847 | 4,043,595 | |
CA Immobilien Anlagen AG | 55,713 | 1,812,167 | |
CapitaLand Investment Ltd./Singapore | 4,148,300 | 8,022,199 | |
Castellum AB(c) | 705,193 | 8,379,073 | |
Catena AB | 56,264 | 2,462,381 | |
Cibus Nordic Real Estate AB | 97,726 | 1,272,794 | |
City Developments Ltd.(a) | 767,700 | 3,440,780 | |
Citycon OYJ | 149,533 | 611,760 | |
CK Asset Holdings Ltd. | 3,210,000 | 13,692,496 | |
Corem Property Group AB, Class B | 1,135,917 | 843,916 | |
Deutsche EuroShop AG, Class N(a) | 22,701 | 458,903 | |
Deutsche Wohnen SE | 80,930 | 1,526,779 | |
Dios Fastigheter AB | 145,445 | 1,111,250 | |
Entra ASA(b)(c) | 100,891 | 931,847 | |
Fabege AB | 410,871 | 3,142,468 | |
Fastighets AB Balder, Class B(c) | 1,030,739 | 6,497,062 | |
FastPartner AB, Class A | 85,517 | 574,204 | |
Grainger PLC | 1,203,309 | 3,856,721 | |
Grand City Properties SA(c) | 162,265 | 1,812,125 | |
Heiwa Real Estate Co. Ltd. | 55,500 | 1,534,356 | |
Hongkong Land Holdings Ltd. | 1,816,600 | 5,804,362 | |
Hufvudstaden AB, Class A | 174,530 | 2,027,253 | |
Hulic Co. Ltd. | 682,800 | 6,291,766 | |
Hysan Development Co. Ltd. | 1,008,000 | 1,571,051 | |
Intershop Holding AG | 8,895 | 1,191,904 | |
Kennedy-Wilson Holdings, Inc. | 197,236 | 1,694,257 | |
Kojamo OYJ(c) | 260,992 | 2,883,132 | |
LEG Immobilien SE(c) | 122,530 | 10,401,370 | |
Lifestyle Communities Ltd. | 176,916 | 1,349,852 | |
Melisron Ltd. | 43,132 | 2,958,857 | |
Mitsubishi Estate Co. Ltd. | 1,801,300 | 33,008,292 | |
Mitsui Fudosan Co. Ltd. | 4,453,300 | 45,321,510 | |
Mobimo Holding AG, Registered Shares, Registered Shares | 11,741 | 3,286,815 | |
New World Development Co. Ltd.(a) | 2,389,507 | 2,537,538 | |
Nomura Real Estate Holdings, Inc. | 177,400 | 4,966,688 | |
NP3 Fastigheter AB | 45,673 | 961,502 | |
Nyfosa AB | 309,098 | 2,673,946 | |
Pandox AB | 151,080 | 2,336,365 | |
Peach Property Group AG(a)(c) | 18,806 | 193,123 | |
Platzer Fastigheter Holding AB, Class B | 87,579 | 707,970 | |
PSP Swiss Property AG, Class N, Registered Shares | 74,540 | 9,214,737 | |
Sagax AB, Class B | 354,833 | 8,885,751 | |
Samhallsbyggnadsbolaget i Norden AB, Class B(a) | 1,841,962 | 660,640 | |
Sino Land Co. Ltd. | 5,867,405 | 6,273,423 | |
Sirius Real Estate Ltd. | 2,184,788 | 2,657,283 | |
StorageVault Canada, Inc. | 400,562 | 1,376,282 | |
Sumitomo Realty & Development Co. Ltd. | 656,300 | 22,710,540 | |
Sun Hung Kai Properties Ltd. | 2,363,500 | 21,803,186 | |
Swire Properties Ltd. | 1,782,600 | 3,686,714 | |
2
Schedule of Investments (unaudited)(continued)
April 30, 2024
iShares Developed Real Estate Index Fund
(Percentages shown are based on Net Assets)
Security | Shares | Value | |
Real Estate Management & Development (continued) | |||
Swiss Prime Site AG, Registered Shares | 126,701 | $ 11,698,662 | |
TAG Immobilien AG(c) | 254,291 | 3,615,424 | |
Tokyo Tatemono Co. Ltd. | 329,900 | 5,489,525 | |
Tricon Residential, Inc. | 396,956 | 4,446,346 | |
Tritax EuroBox PLC, Class EE(b) | 1,362,496 | 944,891 | |
UOL Group Ltd. | 814,400 | 3,477,283 | |
VGP NV | 17,006 | 1,850,224 | |
Vonovia SE | 1,157,962 | 33,460,499 | |
Wallenstam AB, Class B | 562,202 | 2,485,176 | |
Wharf Real Estate Investment Co. Ltd. | 2,558,000 | 7,936,226 | |
Wihlborgs Fastigheter AB | 435,060 | 3,643,905 | |
367,907,960 | |||
Residential REITs — 12.8% | |||
Advance Residence Investment Corp. | 2,182 | 4,717,513 | |
American Homes 4 Rent, Class A | 553,032 | 19,798,546 | |
Apartment Income REIT Corp. | 241,936 | 9,285,504 | |
Apartment Investment and Management Co., Class A(c) | 231,189 | 1,849,512 | |
AvalonBay Communities, Inc. | 235,452 | 44,634,636 | |
Boardwalk Real Estate Investment Trust | 68,650 | 3,534,105 | |
Camden Property Trust | 172,575 | 17,202,276 | |
Canadian Apartment Properties REIT | 275,343 | 8,570,405 | |
Centerspace | 25,525 | 1,716,556 | |
Comforia Residential REIT, Inc. | 1,186 | 2,567,384 | |
Daiwa Securities Living Investments Corp. | 3,179 | 2,158,568 | |
Elme Communities | 142,038 | 2,153,296 | |
Empiric Student Property PLC | 965,425 | 1,084,877 | |
Equity LifeStyle Properties, Inc. | 295,123 | 17,792,966 | |
Equity Residential | 619,680 | 39,907,392 | |
Essex Property Trust, Inc. | 106,040 | 26,112,350 | |
Home Invest Belgium SA | 18,986 | 334,322 | |
Home Reit PLC(c)(d) | 1,048,527 | 348,968 | |
Independence Realty Trust, Inc. | 369,180 | 5,821,969 | |
Ingenia Communities Group | 602,173 | 1,784,805 | |
InterRent Real Estate Investment Trust | 225,697 | 1,964,079 | |
Invitation Homes, Inc. | 1,015,322 | 34,724,012 | |
Irish Residential Properties REIT PLC | 762,068 | 805,960 | |
Killam Apartment Real Estate Investment Trust | 189,354 | 2,364,432 | |
Mid-America Apartment Communities, Inc. | 192,863 | 25,072,190 | |
NexPoint Residential Trust, Inc. | 36,358 | 1,244,898 | |
Nippon Accommodations Fund, Inc. | 780 | 3,248,318 | |
PRS REIT PLC | 897,078 | 884,142 | |
Residential Secure Income PLC(b) | 241,637 | 149,443 | |
Samty Residential Investment Corp. | 767 | 527,793 | |
Starts Proceed Investment Corp. | 404 | 529,898 | |
Sun Communities, Inc. | 204,120 | 22,722,638 | |
Triple Point Social Housing REIT PLC(b) | 508,095 | 382,533 | |
UDR, Inc. | 545,013 | 20,754,095 | |
UNITE Group PLC | 572,166 | 6,614,547 | |
Veris Residential, Inc. | 129,434 | 1,865,144 | |
Xior Student Housing NV | 55,076 | 1,638,532 | |
336,868,604 | |||
Retail REITs — 16.4% | |||
Acadia Realty Trust | 166,961 | 2,885,086 | |
AEON REIT Investment Corp. | 2,905 | 2,540,488 | |
Agree Realty Corp. | 163,483 | 9,354,497 | |
Ascencio | 8,010 | 414,061 | |
Brixmor Property Group, Inc. | 499,674 | 11,042,795 | |
BWP Trust | 786,112 | 1,798,928 | |
CapitaLand Integrated Commercial Trust | 8,481,739 | 12,090,677 | |
Carmila SA | 92,400 | 1,552,364 | |
Security | Shares | Value | |
Retail REITs (continued) | |||
Charter Hall Retail REIT | 839,216 | $ 1,790,681 | |
Choice Properties Real Estate Investment Trust | 422,782 | 3,998,563 | |
Crombie Real Estate Investment Trust | 174,182 | 1,625,859 | |
Eurocommercial Properties NV | 68,931 | 1,567,760 | |
Federal Realty Investment Trust | 134,710 | 14,032,741 | |
First Capital Real Estate Investment Trust | 356,504 | 3,827,501 | |
Fortune Real Estate Investment Trust | 2,334,000 | 1,146,641 | |
Frasers Centrepoint Trust(a) | 1,806,305 | 2,861,253 | |
Frontier Real Estate Investment Corp. | 786 | 2,284,976 | |
Fukuoka REIT Corp. | 1,230 | 1,321,153 | |
Getty Realty Corp. | 77,402 | 2,097,594 | |
Hamborner REIT AG | 127,145 | 867,509 | |
Hammerson PLC | 6,585,429 | 2,241,532 | |
HomeCo Daily Needs REIT | 2,961,429 | 2,321,866 | |
Immobiliare Grande Distribuzione SIIQ SpA(a) | 131,396 | 230,812 | |
InvenTrust Properties Corp. | 111,231 | 2,818,593 | |
Japan Metropolitan Fund Invest | 11,623 | 7,017,135 | |
Kimco Realty Corp. | 1,089,703 | 20,301,167 | |
Kite Realty Group Trust | 356,239 | 7,766,010 | |
Kiwi Property Group Ltd. | 2,335,052 | 1,111,799 | |
Klepierre SA | 345,175 | 9,268,779 | |
Lendlease Global Commercial REIT(a) | 2,764,856 | 1,099,667 | |
Link REIT | 4,247,721 | 18,200,601 | |
Macerich Co. | 353,608 | 4,865,646 | |
Mapletree Pan Asia Commercial Trust | 3,846,547 | 3,524,872 | |
Mercialys SA | 159,419 | 1,725,577 | |
NETSTREIT Corp. | 112,482 | 1,895,322 | |
NewRiver REIT PLC | 508,276 | 474,668 | |
NNN REIT, Inc. | 302,472 | 12,259,190 | |
PARAGON REIT | 1,739,015 | 1,076,494 | |
Phillips Edison & Co., Inc. | 198,494 | 6,490,754 | |
Primaris Real Estate Investment Trust | 159,162 | 1,526,124 | |
Realty Income Corp. | 1,381,965 | 73,990,406 | |
Regency Centers Corp. | 300,345 | 17,786,431 | |
Region RE Ltd. | 1,900,793 | 2,664,633 | |
Retail Estates NV | 21,094 | 1,472,332 | |
Retail Opportunity Investments Corp. | 199,092 | 2,442,859 | |
RioCan Real Estate Investment Trust | 493,860 | 6,256,433 | |
Scentre Group | 8,635,676 | 17,487,674 | |
Shaftesbury Capital PLC | 2,250,232 | 3,766,663 | |
Simon Property Group, Inc. | 539,140 | 75,765,344 | |
SITE Centers Corp. | 311,865 | 4,207,059 | |
SmartCentres Real Estate Investment Trust | 217,781 | 3,524,615 | |
Starhill Global REIT | 2,339,900 | 814,221 | |
Supermarket Income Reit PLC | 2,153,053 | 1,944,906 | |
Tanger, Inc. | 170,663 | 4,838,296 | |
Unibail-Rodamco-Westfield(c) | 169,947 | 14,162,185 | |
Urban Edge Properties | 193,753 | 3,241,488 | |
Vastned Retail NV | 27,618 | 617,479 | |
Vicinity Ltd. | 6,228,252 | 7,626,924 | |
Waypoint REIT Ltd. | 1,147,442 | 1,721,761 | |
Wereldhave NV | 75,422 | 1,047,114 | |
430,696,558 | |||
Specialized REITs — 15.6% | |||
Abacus Storage King | 925,117 | 674,687 | |
Arena REIT | 592,711 | 1,398,446 | |
Big Yellow Group PLC | 306,119 | 4,118,011 | |
Charter Hall Social Infrastructure REIT | 579,395 | 946,406 | |
CubeSmart | 371,441 | 15,021,074 | |
Digital Core REIT Management Pte Ltd.(a) | 1,362,900 | 831,369 | |
Digital Realty Trust, Inc. | 501,867 | 69,649,102 | |
EPR Properties | 122,411 | 4,968,663 | |
Schedule of Investments3
Schedule of Investments (unaudited)(continued)
April 30, 2024
iShares Developed Real Estate Index Fund
(Percentages shown are based on Net Assets)
Security | Shares | Value | |
Specialized REITs (continued) | |||
Equinix, Inc. | 155,160 | $ 110,335,828 | |
Extra Space Storage, Inc. | 347,441 | 46,654,377 | |
Four Corners Property Trust, Inc. | 146,779 | 3,441,968 | |
Gaming & Leisure Properties, Inc. | 424,954 | 18,158,284 | |
Keppel DC REIT(a) | 2,153,091 | 2,685,611 | |
National Storage Affiliates Trust | 123,870 | 4,340,405 | |
National Storage REIT | 2,024,029 | 2,790,988 | |
Public Storage | 260,361 | 67,550,661 | |
Safehold, Inc. | 81,691 | 1,490,044 | |
Safestore Holdings PLC | 346,884 | 3,343,219 | |
Shurgard Self Storage Ltd. | 50,651 | 2,075,737 | |
VICI Properties, Inc. | 1,718,217 | 49,055,095 | |
409,529,975 | |||
Total Long-Term Investments — 98.0% (Cost: $2,644,822,910) | 2,573,264,238 | ||
Short-Term Securities | |||
Money Market Funds — 1.4% | |||
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.49%(e)(f)(g) | 14,815,101 | 14,819,545 | |
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.28%(e)(f) | 23,374,678 | 23,374,678 | |
Total Short-Term Securities — 1.4% (Cost: $38,194,463) | 38,194,223 | ||
Total Investments — 99.4% (Cost: $2,683,017,373) | 2,611,458,461 | ||
Other Assets Less Liabilities — 0.6% | 14,536,886 | ||
Net Assets — 100.0% | $ 2,625,995,347 | ||
(a) | All or a portion of this security is on loan. |
(b) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(c) | Non-income producing security. |
(d) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(e) | Affiliate of the Fund. |
(f) | Annualized 7-day yield as of period end. |
(g) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended April 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 01/31/24 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 04/30/24 | Shares Held at 04/30/24 | Income | Capital Gain Distributions from Underlying Funds |
BlackRock Cash Funds: Institutional, SL Agency Shares | $ 12,290,243 | $ 2,531,910 (a) | $ — | $ (458 ) | $ (2,150 ) | $ 14,819,545 | 14,815,101 | $ 58,426 (b) | $ — |
BlackRock Cash Funds: Treasury, SL Agency Shares | 18,540,053 | 4,834,625 (a) | — | — | — | 23,374,678 | 23,374,678 | 257,410 | — |
$ (458 ) | $ (2,150 ) | $ 38,194,223 | $ 315,836 | $ — |
(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. |
4
Schedule of Investments (unaudited)(continued)
April 30, 2024
iShares Developed Real Estate Index Fund
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 | ||||
Nikkei 225 Index | 16 | 06/13/24 | $ 1,940 | $ (35,369 ) |
SPI 200 Index | 43 | 06/20/24 | 5,283 | (137,301 ) |
Dow Jones U.S. Real Estate Index | 958 | 06/21/24 | 30,464 | (1,246,327 ) |
$ (1,418,997 ) |
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 | ||||
Diversified REITs | $ 43,855,468 | $ 114,314,096 | $ — | $ 158,169,564 |
Health Care Providers & Services | 3,663,195 | — | — | 3,663,195 |
Health Care REITs | 185,002,168 | 18,558,178 | — | 203,560,346 |
Hotel & Resort REITs | 60,783,765 | 14,941,797 | — | 75,725,562 |
Industrial REITs | 252,434,277 | 162,933,983 | — | 415,368,260 |
Office REITs | 109,229,655 | 62,544,559 | — | 171,774,214 |
Real Estate Management & Development | 18,201,339 | 349,706,621 | — | 367,907,960 |
Residential REITs | 309,896,961 | 26,622,675 | 348,968 | 336,868,604 |
Retail REITs | 303,820,911 | 126,875,647 | — | 430,696,558 |
Specialized REITs | 391,496,870 | 18,033,105 | — | 409,529,975 |
Short-Term Securities | ||||
Money Market Funds | 38,194,223 | — | — | 38,194,223 |
$1,716,578,832 | $894,530,661 | $348,968 | $2,611,458,461 | |
Derivative Financial Instruments(a) | ||||
Liabilities | ||||
Equity Contracts | $ (1,246,327 ) | $ (172,670 ) | $ — | $ (1,418,997 ) |
(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Schedule of Investments5