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MARCH 31, 2022 |
2022 Annual Report
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iShares Trust
· iShares Russell Top 200 ETF | IWL | NYSE Arca
· iShares Russell Top 200 Growth ETF | IWY | NYSE Arca
· iShares Russell Top 200 Value ETF | IWX | NYSE Arca
· iShares Russell 1000 ETF | IWB | NYSE Arca
· iShares Russell 1000 Growth ETF | IWF | NYSE Arca
· iShares Russell 1000 Value ETF | IWD | NYSE Arca
· iShares Russell 2000 ETF | IWM | NYSE Arca
· iShares Russell 2000 Growth ETF | IWO | NYSE Arca
· iShares Russell 2000 Value ETF | IWN | NYSE Arca
Dear Shareholder,
The 12-month reporting period as of March 31, 2022 saw a continuation of the resurgent growth that followed the initial coronavirus (or “COVID-19”) pandemic reopening, albeit at a slower pace. The global economy weathered the emergence of several variant strains and the resulting peaks and troughs in infections amid optimism that increasing vaccinations and economic adaptation could help contain the pandemic’s disruptions. However, rapid changes in consumer spending led to supply constraints and elevated inflation. Moreover, while the foremost effect of Russia’s invasion of Ukraine has been a severe humanitarian crisis, the invasion has presented challenges for both investors and policymakers.
Equity prices were mixed, as persistently high inflation drove investors’ expectations for higher interest rates, which particularly weighed on relatively high valuation growth stocks and economically sensitive small-capitalization stocks. Overall, small-capitalization U.S. stocks declined, while large-capitalization U.S. stocks posted a strong advance. International equities from developed markets gained slightly, although emerging market stocks declined, pressured by rising interest rates and a strengthening U.S. dollar.
The 10-year U.S. Treasury yield (which is inversely related to bond prices) rose during the reporting period as the economy expanded rapidly and inflation reached its highest annualized reading in decades. The corporate bond market also faced inflationary headwinds, although the improving economy assuaged credit concerns and high-yield corporate bonds consequently declined less than investment-grade corporate bonds.
The U.S. Federal Reserve (the “Fed”), acknowledging that inflation is growing faster than expected, raised interest rates in March 2022, the first increase of this business cycle. Furthermore, the Fed wound down its bond-buying programs and raised the prospect of reversing the flow and reducing its balance sheet. Continued high inflation and the Fed’s new tone led many analysts to anticipate that the Fed will continue to raise interest rates multiple times throughout the year.
Looking ahead, however, the horrific war in Ukraine has significantly clouded the outlook for the global economy, leading to major volatility in energy and metal markets. Sanctions on Russia, Europe’s top energy supplier, and general wartime disruption are likely to drive already-high commodity prices even higher. Sharp increases in energy prices will exacerbate inflationary pressure while also constraining economic growth. Combating inflation without stifling a recovery, while buffering against ongoing supply and price shocks amid the ebb and flow of the pandemic, will be an especially challenging environment for setting effective monetary policy. Despite the likelihood of more rate increases on the horizon, we believe the Fed will err on the side of protecting employment, even at the expense of higher inflation.
In this environment, we favor an overweight to equities, as valuations have become more attractive and inflation-adjusted interest rates remain low. Sectors that are better poised to manage the transition to a lower-carbon world, such as technology and health care, are particularly attractive in the long term. We favor U.S. equities due to strong earnings momentum, while Japanese equities should benefit from supportive monetary and fiscal policy. We are underweight credit overall, but inflation-protected U.S. Treasuries, Asian fixed income, and emerging market local-currency bonds offer potential opportunities for additional yield. We believe that international diversification and a focus on sustainability and quality can help provide portfolio resilience.
Overall, our view is that investors need to think globally, extend their scope across a broad array of asset classes, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.
Sincerely,
Rob Kapito
President, BlackRock, Inc.
Rob Kapito
President, BlackRock, Inc.
Total Returns as of March 31, 2022 | |||||||||||||
6-Month | 12-Month | ||||||||||||
U.S. large cap equities |
5.92 | % | 15.65 | % | |||||||||
U.S.
small cap equities |
(5.55 | ) | (5.79 | ) | |||||||||
International
equities |
(3.38 | ) | 1.16 | ||||||||||
Emerging
market equities |
(8.20 | ) | (11.37 | ) | |||||||||
3-month
Treasury bills |
0.05 | 0.07 | |||||||||||
U.S.
Treasury securities |
(6.04 | ) | (3.31 | ) | |||||||||
U.S. investment grade bonds |
(5.92 | ) | (4.15 | ) | |||||||||
Tax-exempt
municipal bonds |
(5.55 | ) | (4.47 | ) | |||||||||
U.S.
high yield bonds |
(4.16 | ) | (0.66 | ) | |||||||||
Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index.
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2 |
T H I S P A G E I S N O T P A R T O F Y O U R F U N D R E P O R T |
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Financial Statements |
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116 | ||
119 | ||
122 | ||
127 | ||
136 | ||
150 | ||
151 | ||
152 | ||
153 | ||
155 | ||
158 | ||
159 |
iShares Trust
Domestic Market Overview
U.S. stocks advanced for the 12 months ended March 31, 2022 (“reporting period”), when the Russell 3000® Index, a broad measure of U.S. equity market performance, returned 11.92%. The strengthening economy supported equities, as high consumer spending drove robust growth, and most remaining coronavirus pandemic-related restrictions were eased. Increased economic activity led to strong corporate earnings as companies reaped the benefits of the recovery. Nonetheless, significant challenges emerged, particularly during the second half of the reporting period, including high inflation, rising interest rates, and the impacts of Russia’s invasion of Ukraine.
The U.S. economic recovery was powered primarily by consumers, who were supported by strong household balance sheets. Prior to the beginning of the reporting period, fiscal stimulus and business closures led to record-high personal savings rates. This allowed consumers to spend at an elevated level throughout much of the reporting period, as pent-up demand was released. The ensuing acceleration in economic activity allowed the U.S. to reach and then surpass its pre-pandemic output level. Hiring increased as businesses restored capacity, and unemployment decreased substantially, falling to 3.6% in March 2022.
The growing economy and rapid increases in consumer spending drove a significant rise in inflation. Supply chains for many goods were disrupted by the pandemic and were unable to quickly adapt to the rapid rebound in demand. In one prominent example of this dynamic, a global shortage of semiconductors created bottlenecks in the production of many goods, including automobiles. Consequently, the price of used cars rose sharply during the reporting period and was a notable factor in overall inflation. Oil prices also rose significantly as demand increased, and the supply of oil was constrained by a lack of investment. The strong job market led to higher wages, particularly at the lower end of the market. These factors led to higher prices in many areas of the economy. By the end of the reporting period the consumer price index, a widely used measure of prices in the U.S., grew at the fastest rate since 1982.
Rising inflation led to a shift in policy from the U.S. Federal Reserve Bank (“Fed”). As the reporting period began, the Fed was using accommodative monetary policy to stimulate the economy. Short-term interest rates were kept at near zero levels, and the Fed used bond-buying programs to stabilize debt markets. However, rising prices led the Fed to tighten monetary policy in the second half of the reporting period in an attempt to prevent runaway inflation. The Fed slowed and then ended its bond-buying activities and discussed plans to begin reducing its balance sheet by selling bonds later in 2022. In March 2022, it raised short-term interest rates and indicated that further increases could be necessary. Interest rates rose significantly in anticipation of further tightening, leading to higher borrowing costs for businesses.
Russia’s invasion of Ukraine in late February 2022 raised the prospect of substantial disruptions to the global economy and increased uncertainty in financial markets. The invasion was met with widespread condemnation and sanctions imposed by many countries on the Russian state, businesses, and individuals. This led to sharp volatility in energy markets, as Russia is a top producer of both oil and natural gas. Furthermore, both Russia and Ukraine are notable exporters of wheat, and the war’s disruption led to concerns surrounding food prices.
4 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Fund Summary as of March 31, 2022 | iShares® Russell Top 200 ETF |
Investment Objective
The iShares Russell Top 200 ETF (the “Fund”) seeks to track the investment results of an index composed of large-capitalization U.S. equities, as represented by the Russell Top 200® Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | |||||||||||||||||||||||
Fund NAV |
15.48 | % | 16.87 | % | 14.98 | % | 15.48 | % | 117.99 | % | 303.93 | % | ||||||||||||||||
Fund Market |
15.46 | 16.88 | 14.99 | 15.46 | 118.16 | 304.38 | ||||||||||||||||||||||
Index |
15.66 | 17.04 | 15.16 | 15.66 | 119.58 | 310.33 |
GROWTH OF $10,000 INVESTMENT
(AT NET ASSET VALUE)
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 23 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||||
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Beginning Account Value (10/01/21) |
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Ending Account Value (03/31/22) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (10/01/21) |
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Ending Account Value (03/31/22) |
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Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
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$ 1,000.00 | $ 1,054.30 | $ 0.77 | $ 1,000.00 | $ 1,024.20 | $ 0.76 | 0.15 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
F U N D S U M M A R Y |
5 |
Fund Summary as of March 31, 2022 (continued) | iShares® Russell Top 200 ETF |
Portfolio Management Commentary
Large-capitalization U.S. stocks advanced for the reporting period amid strong economic growth and robust consumer spending. The information technology sector contributed the most to the Index’s return, driven primarily by the strong performance of the largest companies in the sector. These companies benefited from network effects, which allowed them to use existing products and services to attract new customers. The technology hardware and equipment industry led contributions amid strong growth in sales and profits. Increased sales of smartphones with 5G capability drove profits in the industry, as demand for these products outstripped supply, helped by discounts from wireless carriers. Increased sales of services, such as digital downloads and payment processing, also boosted the industry. The semiconductors and semiconductor equipment industry also gained, as a global shortage of semiconductors helped support profits. Consumer demand was high for products that use semiconductors, including personal computers, video cards, and automobiles. In response to high demand, makers of semiconductors ramped up production to all-time highs, boosting revenues.
The healthcare sector also contributed to the Index’s performance, buoyed by earnings growth. The widespread adoption of COVID-19 vaccines generated billions of dollars in sales for pharmaceuticals companies. In addition, companies developed successful antiviral medications and antibody therapies to treat COVID-19, driving revenues significantly higher. As the coronavirus pandemic abated, elective medical procedures, which represent an important source of revenue for both care providers and makers of medical supplies and equipment, increased from pandemic-induced lows.
Stocks in the financials sector contributed to the Index’s return as the strengthening economy and higher interest rates drove earnings growth. The diversified financials industry was the top contributor, led by the strong gains of a multisector holding company, which included notable investments in technology, insurance, railroad, and utilities companies.
Portfolio Information
ALLOCATION BY SECTOR
Sector |
|
Percent of Total Investments |
(a) | |
Information Technology |
31.5 | % | ||
Health Care |
14.2 | |||
Consumer Discretionary |
12.1 | |||
Financials |
11.0 | |||
Communication Services |
10.7 | |||
Consumer Staples |
6.5 | |||
Industrials |
6.4 | |||
Energy |
3.1 | |||
Utilities |
1.8 | |||
Real Estate |
1.5 | |||
Materials |
1.2 |
TEN LARGEST HOLDINGS
Security |
|
Percent of Total Investments |
(a) |
|||||
Apple Inc. |
8.6 | % | ||||||
Microsoft Corp. |
7.4 | |||||||
Amazon.com Inc. |
4.5 | |||||||
Tesla Inc. |
2.9 | |||||||
Alphabet Inc., Class A |
2.7 | |||||||
Alphabet Inc., Class C |
2.5 | |||||||
NVIDIA Corp. |
2.1 | |||||||
Berkshire Hathaway Inc., Class B |
2.1 | |||||||
Meta Platforms Inc, Class A |
1.6 | |||||||
UnitedHealth Group Inc. |
1.5 |
(a) |
Excludes money market funds. |
6 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Fund Summary as of March 31, 2022 | iShares® Russell Top 200 Growth ETF |
Investment Objective
The iShares Russell Top 200 Growth ETF (the “Fund”) seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics, as represented by the Russell Top 200® Growth Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | |||||||||||||||||||||||
Fund NAV |
18.58 | % | 22.12 | % | 17.81 | % | 18.58 | % | 171.60 | % | 414.82 | % | ||||||||||||||||
Fund Market |
18.74 | 22.15 | 17.82 | 18.74 | 171.94 | 415.65 | ||||||||||||||||||||||
Index |
18.83 | 22.34 | 18.04 | 18.83 | 174.05 | 425.05 |
GROWTH OF $10,000 INVESTMENT
(AT NET ASSET VALUE)
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 23 for more information.
Expense Example
Actual |
Hypothetical 5% Return |
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Beginning Account Value (10/01/21) |
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Ending Account Value (03/31/22) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
$ 1,000.00 | $ 1,041.60 | $ 1.02 | $ 1,000.00 | $ 1,023.90 | $ 1.01 | 0.20 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
F U N D S U M M A R Y |
7 |
Fund Summary as of March 31, 2022 (continued) | iShares® Russell Top 200 Growth ETF |
Portfolio Management Commentary
Growth-oriented large-capitalization U.S. stocks advanced for the reporting period amid strong economic growth and robust consumer spending. The information technology sector contributed the most to the Index’s return, driven primarily by the strong performance of the largest companies in the sector. These companies benefited from network effects, which allowed them to use existing products and services to make their offerings more attractive to new customers. The technology hardware and equipment industry led contributions amid strong growth in sales and profits. Increased sales of smartphones with 5G capability drove profits in the industry, as demand for these products outstripped supply, helped by discounts from wireless carriers. Increased sales of services, such as digital downloads and payment processing, also boosted the industry. The semiconductors and semiconductor equipment industry also gained, as a global shortage of semiconductors helped support profits in the industry. Consumer demand was high for products that use semiconductors, including personal computers, video cards, and automobiles. In response to high demand, makers of semiconductors ramped up production to record highs, boosting revenues.
A strong rebound in consumer spending supported the consumer discretionary sector, which contributed notably to the Index’s return. The automobile manufacturing industry led the advance amid strong demand for electric vehicles. Despite semiconductor shortages that constrained production, electric car shipments continued to grow. Plans for additional manufacturing facilities also helped the industry amid strong growth in revenues and profits.
The healthcare sector also contributed to the Index’s performance, buoyed by earnings growth. Pharmaceuticals companies developed successful antiviral medications and antibody therapies to treat COVID-19, driving revenues significantly higher. Demographic trends also benefited the healthcare sector, as the needs of an aging population added to demand for pharmaceuticals.
Portfolio Information
ALLOCATION BY SECTOR
Sector |
|
Percent of Total Investments |
(a) | |
Information Technology |
48.4 | % | ||
Consumer Discretionary |
19.2 | |||
Communication Services |
11.9 | |||
Health Care |
7.3 | |||
Consumer Staples |
4.7 | |||
Industrials |
4.3 | |||
Financials |
1.9 | |||
Real Estate |
1.6 | |||
Other (each representing less than 1%) |
0.7 |
TEN LARGEST HOLDINGS
Security |
|
Percent of Total Investments |
(a) | |
Apple Inc. |
15.0 | % | ||
Microsoft Corp. |
13.0 | |||
Amazon.com Inc. |
7.9 | |||
Tesla Inc. |
5.0 | |||
Alphabet Inc., Class A |
4.0 | |||
Alphabet Inc., Class C |
3.7 | |||
NVIDIA Corp. |
3.6 | |||
Meta Platforms Inc, Class A |
2.9 | |||
Visa Inc., Class A |
2.1 | |||
Home Depot Inc. (The) |
1.7 |
(a) |
Excludes money market funds. |
8 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Fund Summary as of March 31, 2022 | iShares® Russell Top 200 Value ETF |
Investment Objective
The iShares Russell Top 200 Value ETF (the “Fund”) seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics, as represented by the Russell Top 200® Value Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | |||||||||||||||||||||||
Fund NAV |
11.56 | % | 10.19 | % | 11.32 | % | 11.56 | % | 62.46 | % | 192.20 | % | ||||||||||||||||
Fund Market |
11.43 | 10.20 | 11.33 | 11.43 | 62.55 | 192.46 | ||||||||||||||||||||||
Index |
11.77 | 10.40 | 11.55 | 11.77 | 64.01 | 198.42 |
GROWTH OF $10,000 INVESTMENT
(AT NET ASSET VALUE)
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 23 for more information.
Expense Example
Actual |
Hypothetical 5% Return |
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Beginning Account Value (10/01/21) |
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Ending Account Value (03/31/22) |
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|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
$ 1,000.00 | $ 1,070.90 | $ 1.03 | $ 1,000.00 | $ 1,023.90 | $ 1.01 | 0.20 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
F U N D S U M M A R Y |
9 |
Fund Summary as of March 31, 2022 (continued) | iShares® Russell Top 200 Value ETF |
Portfolio Management Commentary
Value-oriented large-capitalization U.S. stocks advanced for the reporting period amid strong economic growth and robust consumer spending. The healthcare sector contributed the most to the Index’s performance, buoyed by earnings growth and a partial return to normalcy in medical care as the coronavirus pandemic abated. Elective medical procedures, which represent an important source of revenue for both care providers and makers of medical supplies and equipment, increased from pandemic-induced lows. The widespread adoption of COVID-19 vaccines generated billions of dollars in sales for pharmaceuticals companies. Demographic trends also benefited the healthcare sector, as the needs of an aging population added to demand for health services and pharmaceuticals.
Stocks in the financials sector also contributed to the Index’s return, as the strengthening economy and higher interest rates drove earnings growth. The diversified financials industry was the top contributor, led by the strong gains of a multisector holding company. The rebounding economy helped the performance of the value-oriented firms represented in this company’s holdings, which included notable investments in the information technology sector, in addition to insurance, railroad, and utilities companies.
The energy sector was a notable contributor to the Index’s return amid higher prices for energy commodities. As the global economy rebounded following the initial disruptions of the pandemic, demand for energy accelerated while supply remained constrained. Consequently, the prices of oil, natural gas, and coal all rose notably during the reporting period. The oil, gas, and consumable fuels industry benefited directly from rising oil and gas prices, which drove increased cash flow, allowing companies to reduce their debt loads while minimizing investment spending.
Portfolio Information
ALLOCATION BY SECTOR
Sector |
|
Percent of Total Investments |
(a) | |
Health Care |
23.3 | % | ||
Financials |
23.1 | |||
Industrials |
9.3 | |||
Information Technology |
9.2 | |||
Communication Services |
9.1 | |||
Consumer Staples |
8.8 | |||
Energy |
7.0 | |||
Utilities |
4.2 | |||
Consumer Discretionary |
2.7 | |||
Materials |
1.9 | |||
Real Estate |
1.4 |
TEN LARGEST HOLDINGS
Security |
|
Percent of Total Investments |
(a) | |
Berkshire Hathaway Inc., Class B |
4.8 | % | ||
Johnson & Johnson |
3.4 | |||
UnitedHealth Group Inc. |
3.3 | |||
JPMorgan Chase & Co. |
2.9 | |||
Procter & Gamble Co. (The) |
2.7 | |||
Exxon Mobil Corp. |
2.6 | |||
Chevron Corp. |
2.3 | |||
Bank of America Corp. |
2.2 | |||
Pfizer Inc. |
2.1 | |||
Walt Disney Co. (The) |
1.7 |
(a) |
Excludes money market funds. |
10 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Fund Summary as of March 31, 2022 | iShares® Russell 1000 ETF |
Investment Objective
The iShares Russell 1000 ETF (the “Fund”) seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities, as represented by the Russell 1000® Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | |||||||||||||||||||||||
Fund NAV |
13.09 | % | 15.67 | % | 14.39 | % | 13.09 | % | 107.02 | % | 283.49 | % | ||||||||||||||||
Fund Market |
13.04 | 15.66 | 14.39 | 13.04 | 107.00 | 283.63 | ||||||||||||||||||||||
Index |
13.27 | 15.82 | 14.53 | 13.27 | 108.42 | 288.41 |
GROWTH OF $10,000 INVESTMENT
(AT NET ASSET VALUE)
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 23 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||
|
Beginning Account Value (10/01/21) |
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Ending Account Value (03/31/22) |
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|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||||||
$ 1,000.00 | $ 1,040.70 | $ 0.76 | $ 1,000.00 | $ 1,024.20 | $ 0.76 | 0.15 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
F U N D S U M M A R Y |
11 |
Fund Summary as of March 31, 2022 (continued) | iShares® Russell 1000 ETF |
Portfolio Management Commentary
Large- and mid-capitalization U.S. stocks advanced for the reporting period amid strong economic growth and robust consumer spending. The information technology sector contributed the most to the Index’s return, driven primarily by the strong performance of the largest companies in the sector. These companies benefited from network effects, which allowed them to use existing products and services to attract new customers. The technology hardware and equipment industry led contributions amid strong growth in sales and profits. Increased sales of smartphones with 5G capability drove profits in the industry, as demand for these products outstripped supply, helped by discounts from wireless carriers. Increased sales of services, such as digital downloads and payment processing, also boosted the industry. The semiconductors and semiconductor equipment industry also gained, as a global shortage of semiconductors helped support profits. Consumer demand was high for products that use semiconductors, including personal computers, video cards, and automobiles. In response to high demand, makers of semiconductors ramped up production to record highs, boosting revenues.
The healthcare sector contributed notably to the Index’s performance, buoyed by earnings growth. The widespread adoption of COVID-19 vaccines and successful development of antiviral medications and antibody therapies to treat COVID-19 generated billions of dollars in sales for pharmaceuticals companies. As the coronavirus pandemic abated, elective medical procedures, which represent an important source of revenue for both care providers and makers of medical supplies and equipment, increased from pandemic-induced lows.
Stocks in the financials sector also contributed to the Index’s return, as the strengthening economy and higher interest rates drove earnings growth. The diversified financials industry was the top contributor, led by the strong gains of a multisector holding company, which included notable investments in technology, insurance, railroad, and utilities companies.
Portfolio Information
ALLOCATION BY SECTOR
Sector |
Percent of Total Investments(a) | |
Information Technology |
28.0% | |
Health Care |
13.3 | |
Consumer Discretionary |
11.9 | |
Financials |
11.5 | |
Communication Services |
8.8 | |
Industrials |
8.5 | |
Consumer Staples |
5.8 | |
Energy |
3.7 | |
Real Estate |
3.3 | |
Utilities |
2.7 | |
Materials |
2.5 |
TEN LARGEST HOLDINGS
Security |
Percent of Total Investments(a) | |
Apple Inc. |
6.4% | |
Microsoft Corp. |
5.5 | |
Amazon.com Inc. |
3.4 | |
Tesla Inc. |
2.1 | |
Alphabet Inc., Class A |
2.0 | |
Alphabet Inc., Class C |
1.8 | |
NVIDIA Corp. |
1.6 | |
Berkshire Hathaway Inc., Class B |
1.5 | |
Meta Platforms Inc, Class A |
1.2 | |
UnitedHealth Group Inc. |
1.1 |
(a) |
Excludes money market funds. |
12 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Fund Summary as of March 31, 2022 | iShares® Russell 1000 Growth ETF |
Investment Objective
The iShares Russell 1000 Growth ETF (the “Fund”) seeks to track the investment results of an index composed of large-and mid-capitalization U.S. equities that exhibit growth characteristics, as represented by the Russell 1000® Growth Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | |||||||||||||||||||||||
Fund NAV |
14.77 | % | 20.65 | % | 16.82 | % | 14.77 | % | 155.68 | % | 373.42 | % | ||||||||||||||||
Fund Market |
14.87 | 20.68 | 16.84 | 14.87 | 155.92 | 374.04 | ||||||||||||||||||||||
Index |
14.98 | 20.88 | 17.04 | 14.98 | 158.14 | 382.40 |
GROWTH OF $10,000 INVESTMENT
(AT NET ASSET VALUE)
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 23 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||||||
|
Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||||||
$ 1,000.00 | $ 1,014.50 | $ 0.90 | $ 1,000.00 | $ 1,024.00 | $ 0.91 | 0.18 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
F U N D S U M M A R Y |
13 |
Fund Summary as of March 31, 2022 (continued) | iShares® Russell 1000 Growth ETF |
Portfolio Management Commentary
Growth-oriented large- and mid-capitalization U.S. stocks advanced for the reporting period amid strong economic growth and robust consumer spending. The information technology sector contributed the most to the Index’s return, driven primarily by the strong performance of the largest companies in the sector. These companies benefited from network effects, which allowed them to use existing products and services to make their offerings more attractive to new customers. The technology hardware and equipment industry led contributions amid strong growth in sales and profits. Increased sales of smartphones with 5G capability drove profits in the industry, as demand for these products outstripped supply, helped by discounts from wireless carriers. Increased sales of services, such as digital downloads and payment processing, also boosted the industry. The semiconductors and semiconductor equipment industry also gained, as a global shortage of semiconductors helped support profits in the industry. Consumer demand was high for products that use semiconductors, including personal computers, video cards, and automobiles. In response to high demand, makers of semiconductors ramped up production to record highs, boosting revenues.
The healthcare sector contributed notably to the Index’s performance, buoyed by earnings growth. Pharmaceuticals companies developed successful antiviral medications and antibody therapies to treat COVID-19, driving revenues significantly higher. Demographic trends also benefited the healthcare sector, as the needs of an aging population added to demand for pharmaceuticals.
A strong rebound in consumer spending supported the consumer discretionary sector, which also contributed to the Index’s return. The automobile manufacturing industry led the advance amid strong demand for electric vehicles. Despite semiconductor shortages that constrained production, electric car shipments continued to grow. Plans for additional manufacturing facilities also helped the industry amid strong growth in revenues and profits.
Portfolio Information
ALLOCATION BY SECTOR
Sector |
Percent of Total Investments(a) | |
Information Technology |
46.2% | |
Consumer Discretionary |
18.5 | |
Communication Services |
10.5 | |
Health Care |
8.9 | |
Industrials |
6.1 | |
Consumer Staples |
4.2 | |
Financials |
2.5 | |
Real Estate |
1.7 | |
Other (each representing less than 1%) |
1.4 |
TEN LARGEST HOLDINGS
Security |
Percent of Total Investments(a) | |
Apple Inc. |
12.5% | |
Microsoft Corp. |
10.8 | |
Amazon.com Inc. |
6.6 | |
Tesla Inc. |
4.2 | |
Alphabet Inc., Class A |
3.4 | |
Alphabet Inc., Class C |
3.1 | |
NVIDIA Corp. |
3.0 | |
Meta Platforms Inc, Class A |
2.4 | |
Visa Inc., Class A |
1.7 | |
Home Depot Inc. (The) |
1.5 |
(a) |
Excludes money market funds. |
14 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Fund Summary as of March 31, 2022 | iShares® Russell 1000 Value ETF |
Investment Objective
The iShares Russell 1000 Value ETF (the “Fund”) seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics, as represented by the Russell 1000® Value Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | |||||||||||||||||||||||
Fund NAV |
11.45 | % | 10.11 | % | 11.50 | % | 11.45 | % | 61.87 | % | 196.98 | % | ||||||||||||||||
Fund Market |
11.43 | 10.12 | 11.51 | 11.43 | 61.97 | 197.32 | ||||||||||||||||||||||
Index |
11.67 | 10.29 | 11.70 | 11.67 | 63.17 | 202.35 |
GROWTH OF $10,000 INVESTMENT
(AT NET ASSET VALUE)
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 23 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||||||
|
Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||||||
$ 1,000.00 | $ 1,068.60 | $ 0.93 | $ 1,000.00 | $ 1,024.00 | $ 0.91 | 0.18 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
F U N D S U M M A R Y |
15 |
Fund Summary as of March 31, 2022 (continued) | iShares® Russell 1000 Value ETF |
Portfolio Management Commentary
Value-oriented large- and mid-capitalization U.S. stocks advanced for the reporting period amid strong economic growth and robust consumer spending. The energy sector contributed the most to the Index’s return amid higher prices for energy commodities, as the rebounding economy accelerated demand for energy while supply remained constrained. The war in Ukraine drove further gains in oil prices as sanctions on Russia, the world’s third-largest supplier of oil, led to increased uncertainty surrounding supply. The oil, gas, and consumable fuels industry benefited directly from rising oil and gas prices, which drove increased cash flow, allowing companies to reduce their debt loads while minimizing investment spending.
Stocks in the financials sector contributed notably to the Index’s return, as the strengthening economy and higher interest rates drove earnings growth. The diversified financials industry rose, led by the strong gains of a multisector holding company. The rebounding economy helped the performance of this company’s value-oriented holdings, which included notable investments in technology, insurance, railroad, and utilities companies. Robust investment banking activity, especially initial public offerings and existing equity capital financings, drove gains in the capital markets industry despite modest trading activity. The insurance industry also advanced, as many insurers were able to increase insurance premiums in an environment of higher inflation.
The healthcare sector was a modest contributor to the Index’s performance, buoyed by earnings growth. Elective medical procedures, which represent an important source of revenue for care providers, increased from coronavirus pandemic-induced lows. The widespread adoption of COVID-19 vaccines generated billions of dollars in sales for pharmaceuticals companies. On the downside, the communication services sector detracted marginally from the Index’s return, as disruptions from the Delta and Omicron COVID-19 variants weighed on the earnings of the entertainment industry.
Portfolio Information
ALLOCATION BY SECTOR
|
| |||
Sector |
|
Percent of Total Investments |
(a) | |
Financials |
20.8 | % | ||
Health Care |
17.9 | |||
Industrials |
11.0 | |||
Information Technology |
9.3 | |||
Consumer Staples |
7.4 | |||
Communication Services |
7.1 | |||
Energy |
7.1 | |||
Utilities |
5.4 | |||
Consumer Discretionary |
5.0 | |||
Real Estate |
4.9 | |||
Materials |
4.1 |
(a) |
Excludes money market funds. |
TEN LARGEST HOLDINGS
|
| |||
Security |
|
Percent of Total Investments |
(a) | |
Berkshire Hathaway Inc., Class B |
3.1 | % | ||
Johnson & Johnson |
2.3 | |||
UnitedHealth Group Inc. |
2.2 | |||
JPMorgan Chase & Co. |
1.9 | |||
Procter & Gamble Co. (The) |
1.8 | |||
Exxon Mobil Corp. |
1.7 | |||
Chevron Corp. |
1.5 | |||
Bank of America Corp. |
1.4 | |||
Pfizer Inc. |
1.4 | |||
Walt Disney Co. (The) |
1.1 |
16 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Fund Summary as of March 31, 2022 | iShares® Russell 2000 ETF |
Investment Objective
The iShares Russell 2000 ETF (the “Fund”) seeks to track the investment results of an index composed of small-capitalization U.S. equities, as represented by the Russell 2000® Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | |||||||||||||||||||||||
Fund NAV |
(5.92 | )% | 9.67 | % | 11.03 | % | (5.92 | )% | 58.66 | % | 184.77 | % | ||||||||||||||||
Fund Market |
(6.20 | ) | 9.68 | 11.02 | (6.20 | ) | 58.73 | 184.57 | ||||||||||||||||||||
Index |
(5.79 | ) | 9.74 | 11.04 | (5.79 | ) | 59.19 | 185.00 |
GROWTH OF $10,000 INVESTMENT
(AT NET ASSET VALUE)
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 23 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||
|
Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
$ 1,000.00 | $ 944.00 | $ 0.92 | $ 1,000.00 | $ 1,024.00 | $ 0.96 | 0.19 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
F U N D S U M M A R Y |
17 |
Fund Summary as of March 31, 2022 (continued) | iShares® Russell 2000 ETF |
Portfolio Management Commentary
Small-capitalization U.S. stocks declined for the reporting period despite strong economic growth and robust consumer spending. The healthcare sector was the leading detractor from the Index’s return, as the stocks of many smaller companies in the sector declined. Rising interest rates worked against companies early in the product development process, as investors sought more predictable cash flows as the cost of borrowing increased. The pharmaceuticals, biotechnology, and life sciences industry declined amid stiff competition from companies working to develop new treatments in similar areas. Merger and acquisition activity also slowed significantly, dampening investor enthusiasm for smaller companies that could be acquired by larger firms. A relative dearth of positive news, such as high-growth potential drugs and treatments advancing in the FDA process, along with muted enthusiasm for stocks with high valuations and minimal earnings, also pressured the sector.
Stocks in the consumer discretionary sector also detracted from the Index’s performance despite the overall increase in consumer spending. The consumer durables industry declined amid investor expectations of a downturn in the housing market. The specialty retail industry faced headwinds from rising prices, as inflation increased the wholesale cost of goods for retailers. The information technology sector also detracted, as higher inflation and interest rates disproportionately pressured smaller companies in the sector.
On the upside, the energy sector contributed to the Index’s return. As the global economy rebounded, demand for energy accelerated while supply remained constrained, leading to higher prices for energy commodities. The war in Ukraine drove further gains in oil prices. The oil, gas, and consumable fuels industry benefited directly from rising oil and gas prices, which drove increased cash flow, allowing companies to reduce their debt loads while minimizing investment spending.
Portfolio Information
ALLOCATION BY SECTOR
Sector |
|
Percent of Total Investments |
(a) | |
Health Care |
16.6 | % | ||
Financials |
15.9 | |||
Industrials |
15.5 | |||
Information Technology |
13.7 | |||
Consumer Discretionary |
10.2 | |||
Real Estate |
7.8 | |||
Energy |
6.6 | |||
Materials |
4.0 | |||
Consumer Staples |
3.5 | |||
Communication Services |
3.2 | |||
Utilities |
3.0 |
TEN LARGEST HOLDINGS
Security |
|
Percent of Total Investments |
(a) | |
Ovintiv Inc. |
0.5 | % | ||
AMC Entertainment Holdings Inc., Class A |
0.5 | |||
Avis Budget Group Inc. |
0.4 | |||
BJ’s Wholesale Club Holdings Inc. |
0.3 | |||
Tenet Healthcare Corp. |
0.3 | |||
Chesapeake Energy Corp. |
0.3 | |||
Tetra Tech Inc. |
0.3 | |||
Antero Resources Corp. |
0.3 | |||
Lattice Semiconductor Corp. |
0.3 | |||
EastGroup Properties Inc. |
0.3 |
(a) |
Excludes money market funds. |
18 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Fund Summary as of March 31, 2022 | iShares® Russell 2000 Growth ETF |
Investment Objective
The iShares Russell 2000 Growth ETF (the “Fund”) seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit growth characteristics, as represented by the Russell 2000® Growth Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | |||||||||||||||||||||||
Fund NAV |
(14.42 | )% | 10.28 | % | 11.26 | % | (14.42 | )% | 63.09 | % | 190.74 | % | ||||||||||||||||
Fund Market |
(14.68 | ) | 10.27 | 11.25 | (14.68 | ) | 63.05 | 190.43 | ||||||||||||||||||||
Index |
(14.33 | ) | 10.33 | 11.21 | (14.33 | ) | 63.46 | 189.39 |
GROWTH OF $10,000 INVESTMENT
(AT NET ASSET VALUE)
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 23 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||
|
|
Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| |||||||||||
$ 1,000.00 | $ 873.40 | $ 1.07 | $ 1,000.00 | $ 1,023.80 | $ 1.16 | 0.23 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
F U N D S U M M A R Y |
19 |
Fund Summary as of March 31, 2022 (continued) | iShares® Russell 2000 Growth ETF |
Portfolio Management Commentary
Growth-oriented small-capitalization U.S. stocks declined for the reporting period despite strong economic growth and robust consumer spending. These stocks, which derive a significant portion of their prices from investors’ expectations of future growth, faced significant headwinds relative to other equities. Growth stocks are particularly sensitive to interest rates, which rose as the Fed moved to a less accommodative monetary policy. Persistent inflation and the war in Ukraine led to concerns about slower economic growth, which also weighed on growth stocks.
The healthcare sector was the leading detractor from the Index’s return, as the stocks of many smaller companies in the sector declined. Rising interest rates worked against companies early in the product development process, as investors sought more predictable cash flows as the cost of borrowing increased. The pharmaceuticals, biotechnology, and life sciences industry declined amid stiff competition from companies working to develop new treatments in similar areas. Merger and acquisition activity also slowed significantly, dampening investor enthusiasm for smaller companies that could be acquired by larger firms. A relative dearth of positive news along with muted enthusiasm for stocks with high valuations and minimal earnings also pressured the sector.
Stocks in the consumer discretionary sector detracted from the Index’s performance despite the overall increase in consumer spending. The specialty retail industry faced headwinds from rising prices, as inflation increased the wholesale cost of goods for retailers. Supply chain difficulties also weighed on some retailers, leading to increased transportation costs and low inventory. Brick-and-mortar retailers declined as coronavirus pandemic trends increased competition from online sellers. The information technology sector also detracted, as higher inflation and interest rates disproportionately pressured small capitalization technology stocks.
Portfolio Information
ALLOCATION BY SECTOR
Sector |
|
Percent of Total Investments |
(a) | |
Health Care |
25.1 | % | ||
Information Technology |
22.8 | |||
Industrials |
15.7 | |||
Consumer Discretionary |
13.6 | |||
Financials |
5.5 | |||
Consumer Staples |
4.1 | |||
Materials |
3.5 | |||
Energy |
3.4 | |||
Real Estate |
3.3 | |||
Communication Services |
2.7 | |||
Utilities |
0.3 |
TEN LARGEST HOLDINGS
Security |
|
Percent of Total Investments |
(a) | |
Tetra Tech Inc. |
0.7 | % | ||
Lattice Semiconductor Corp. |
0.6 | |||
EastGroup Properties Inc. |
0.6 | |||
WillScot Mobile Mini Holdings Corp. |
0.6 | |||
Synaptics Inc. |
0.6 | |||
Southwestern Energy Co. |
0.6 | |||
II-VI Inc. |
0.6 | |||
Performance Food Group Co. |
0.5 | |||
Shockwave Medical Inc. |
0.5 | |||
BJ’s Wholesale Club Holdings Inc. |
0.5 |
(a) |
Excludes money market funds. |
20 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Fund Summary as of March 31, 2022 | iShares® Russell 2000 Value ETF |
Investment Objective
The iShares Russell 2000 Value ETF (the “Fund”) seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit value characteristics, as represented by the Russell 2000® Value Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | |||||||||||||||||||||||
Fund NAV |
3.07 | % | 8.40 | % | 10.40 | % | 3.07 | % | 49.66 | % | 168.93 | % | ||||||||||||||||
Fund Market |
2.83 | 8.41 | 10.40 | 2.83 | 49.77 | 168.86 | ||||||||||||||||||||||
Index |
3.32 | 8.57 | 10.54 | 3.32 | 50.85 | 172.37 |
GROWTH OF $10,000 INVESTMENT
(AT NET ASSET VALUE)
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 23 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||
|
|
Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (10/01/21) |
|
|
Ending Account Value (03/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| |||||||||||
$ 1,000.00 | $ 1,017.20 | $ 1.16 | $ 1,000.00 | $ 1,023.80 | $ 1.16 | 0.23 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
F U N D S U M M A R Y |
21 |
Fund Summary as of March 31, 2022 (continued) | iShares® Russell 2000 Value ETF |
Portfolio Management Commentary
Value-oriented small-capitalization U.S. stocks advanced modestly for the reporting period amid strong economic growth and robust consumer spending. The energy sector was the leading contributor to the Index’s return amid higher prices for energy commodities. As the global economy rebounded following the initial disruptions of the coronavirus pandemic, demand for energy accelerated while supply remained constrained. Consequently, the prices of oil, natural gas, and coal all rose notably during the reporting period. The war in Ukraine drove further gains in oil prices as sanctions on Russia, the world’s third-largest supplier of oil, led to increased uncertainty surrounding supply. The oil, gas, and consumable fuels industry benefited directly from rising oil and gas prices, which drove increased cash flow, allowing companies to reduce their debt loads while minimizing investment spending.
The real estate sector was a notable contributor to the Index’s return amid a nationwide rise in both residential and commercial property prices. Despite rising interest rates, borrowing costs were historically low for much of the reporting period, benefiting the sector, which relies heavily on debt financing.
On the downside, the healthcare sector detracted from the Index’s return, as the stocks of many smaller companies in the sector declined. Rising interest rates worked against companies early in the product development process, as investors sought more predictable cash flows as the cost of borrowing increased. The pharmaceuticals, biotechnology, and life sciences industry declined amid stiff competition from companies working to develop new treatments in similar areas. Merger and acquisition activity also slowed significantly, dampening investor interest in smaller companies that could be acquired by larger firms. Additionally, a relative dearth of positive news and muted enthusiasm for stocks with high valuations and minimal earnings pressured the industry.
Portfolio Information
ALLOCATION BY SECTOR
Sector |
|
Percent of Total Investments |
(a) | |
Financials |
25.4 | % | ||
Industrials |
15.3 | |||
Real Estate |
11.9 | |||
Energy |
9.6 | |||
Health Care |
8.8 | |||
Consumer Discretionary |
7.1 | |||
Information Technology |
5.4 | |||
Utilities |
5.4 | |||
Materials |
4.5 | |||
Communication Services |
3.6 | |||
Consumer Staples |
3.0 |
TEN LARGEST HOLDINGS
Security |
|
Percent of Total Investments |
(a) | |
Ovintiv Inc. |
0.9 | % | ||
AMC Entertainment Holdings Inc., Class A |
0.9 | |||
Avis Budget Group Inc. |
0.8 | |||
Chesapeake Energy Corp. |
0.6 | |||
Tenet Healthcare Corp. |
0.6 | |||
Antero Resources Corp. |
0.5 | |||
STAG Industrial Inc. |
0.5 | |||
Macy’s Inc. |
0.5 | |||
Range Resources Corp. |
0.5 | |||
PDC Energy Inc. |
0.5 |
(a) |
Excludes money market funds. |
22 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Past performance is not an indication of future results. Financial markets have experienced extreme volatility and trading in many instruments has been disrupted. These circumstances may continue for an extended period of time and may continue to affect adversely the value and liquidity of each Fund’s investments. As a result, current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at iShares.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are redeemed or sold in the market. Performance for certain funds may reflect a waiver of a portion of investment advisory fees. Without such a waiver, performance would have been lower.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. Beginning August 10, 2020, the price used to calculate market return (“Market Price”) is the closing price. Prior to August 10, 2020, Market Price was determined using the midpoint between the highest bid and the lowest ask on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.
Shareholders of each Fund may incur the following charges: (1) transactional expenses, including brokerage commissions on purchases and sales of fund shares and (2) ongoing expenses, including management fees and other fund expenses. The expense examples shown (which are based on a hypothetical investment of $1,000 invested at the beginning of the period and held through the end of the period) are intended to assist shareholders both in calculating expenses based on an investment in each Fund and in comparing these expenses with similar costs of investing in other funds.
The expense examples provide information about actual account values and actual expenses. Annualized expense ratios reflect contractual and voluntary fee waivers, if any. In order to estimate the expenses a shareholder paid during the period covered by this report, shareholders can divide their account value by $1,000 and then multiply the result by the number under the heading entitled “Expenses Paid During Period.”
The expense examples also provide information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses. In order to assist shareholders in comparing the ongoing expenses of investing in a Funds and other funds, compare the 5% hypothetical examples with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
The expenses shown in the expense examples are intended to highlight shareholders’ ongoing costs only and do not reflect any transactional expenses, such as brokerage commissions and other fees paid on purchases and sales of fund shares. Therefore, the hypothetical examples are useful in comparing ongoing expenses only and will not help shareholders determine the relative total expenses of owning different funds. If these transactional expenses were included, shareholder expenses would have been higher.
A B O U T F U N D P E R F O R M A N C E / S H A R E H O L D E R E X P E N S E S |
23 |
March 31, 2022 |
iShares® Russell Top 200 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
||||||||
Aerospace & Defense — 1.7% |
||||||||
Boeing Co. (The)(a) |
17,652 | $ | 3,380,358 | |||||
General Dynamics Corp. |
8,189 | 1,975,023 | ||||||
L3Harris Technologies Inc. |
6,454 | 1,603,625 | ||||||
Lockheed Martin Corp. |
8,041 | 3,549,298 | ||||||
Northrop Grumman Corp. |
4,847 | 2,167,675 | ||||||
Raytheon Technologies Corp. |
49,465 | 4,900,498 | ||||||
|
|
|||||||
17,576,477 | ||||||||
Air Freight & Logistics — 0.7% | ||||||||
FedEx Corp. |
8,085 | 1,870,788 | ||||||
United Parcel Service Inc., Class B |
23,880 | 5,121,305 | ||||||
|
|
|||||||
6,992,093 | ||||||||
Automobiles — 3.3% | ||||||||
Ford Motor Co. |
130,094 | 2,199,889 | ||||||
General Motors Co.(a) |
45,336 | 1,982,997 | ||||||
Rivian Automotive Inc., Class A(a)(b) |
4,743 | 238,288 | ||||||
Tesla Inc.(a) |
27,505 | 29,639,388 | ||||||
|
|
|||||||
34,060,562 | ||||||||
Banks — 3.8% | ||||||||
Bank of America Corp. |
234,967 | 9,685,340 | ||||||
Citigroup Inc. |
65,579 | 3,501,919 | ||||||
JPMorgan Chase & Co. |
97,030 | 13,227,130 | ||||||
PNC Financial Services Group Inc. (The) |
13,994 | 2,581,193 | ||||||
Truist Financial Corp. |
43,926 | 2,490,604 | ||||||
U.S. Bancorp |
44,223 | 2,350,452 | ||||||
Wells Fargo & Co. |
128,431 | 6,223,766 | ||||||
|
|
|||||||
40,060,404 | ||||||||
Beverages — 1.8% | ||||||||
Coca-Cola Co. (The) |
128,278 | 7,953,236 | ||||||
Constellation Brands Inc., Class A |
5,151 | 1,186,379 | ||||||
Keurig Dr Pepper Inc. |
22,998 | 871,624 | ||||||
Monster Beverage Corp.(a) |
12,389 | 989,881 | ||||||
PepsiCo Inc. |
45,642 | 7,639,558 | ||||||
|
|
|||||||
18,640,678 | ||||||||
Biotechnology — 2.3% | ||||||||
AbbVie Inc. |
58,381 | 9,464,144 | ||||||
Amgen Inc. |
18,491 | 4,471,494 | ||||||
Biogen Inc.(a) |
4,878 | 1,027,307 | ||||||
Gilead Sciences Inc. |
41,701 | 2,479,124 | ||||||
Moderna Inc.(a) |
11,224 | 1,933,446 | ||||||
Regeneron Pharmaceuticals Inc.(a) |
3,387 | 2,365,549 | ||||||
Vertex Pharmaceuticals Inc.(a) |
8,416 | 2,196,323 | ||||||
|
|
|||||||
23,937,387 | ||||||||
Building Products — 0.1% | ||||||||
Johnson Controls International PLC |
23,233 | 1,523,388 | ||||||
|
|
|||||||
Capital Markets — 3.0% | ||||||||
Bank of New York Mellon Corp. (The) |
24,388 | 1,210,377 | ||||||
BlackRock Inc.(c) |
4,717 | 3,604,590 | ||||||
Blackstone Inc., NVS |
23,214 | 2,946,785 | ||||||
Charles Schwab Corp. (The) |
49,723 | 4,192,146 | ||||||
CME Group Inc. |
11,827 | 2,813,170 | ||||||
Goldman Sachs Group Inc. (The) |
10,828 | 3,574,323 | ||||||
Intercontinental Exchange Inc. |
18,336 | 2,422,552 | ||||||
Moody’s Corp. |
5,352 | 1,805,818 | ||||||
Morgan Stanley |
43,801 | 3,828,208 | ||||||
S&P Global Inc. |
11,429 | 4,687,947 | ||||||
|
|
|||||||
31,085,916 |
Security | Shares | Value | ||||||
Chemicals — 0.8% |
||||||||
Air Products and Chemicals Inc. |
7,291 | $ | 1,822,094 | |||||
Dow Inc. |
24,255 | 1,545,528 | ||||||
DuPont de Nemours Inc. |
17,002 | 1,251,007 | ||||||
Ecolab Inc. |
8,244 | 1,455,561 | ||||||
Sherwin-Williams Co. (The) |
7,942 | 1,982,482 | ||||||
|
|
|||||||
8,056,672 | ||||||||
Commercial Services & Supplies — 0.2% | ||||||||
Waste Management Inc. |
14,032 | 2,224,072 | ||||||
|
|
|||||||
Communications Equipment — 0.7% | ||||||||
Cisco Systems Inc. |
139,624 | 7,785,434 | ||||||
|
|
|||||||
Consumer Finance — 0.5% | ||||||||
American Express Co. |
20,409 | 3,816,483 | ||||||
Capital One Financial Corp. |
13,612 | 1,787,119 | ||||||
|
|
|||||||
5,603,602 | ||||||||
Diversified Financial Services — 2.1% | ||||||||
Berkshire Hathaway Inc., Class B(a) |
60,613 | 21,390,934 | ||||||
|
|
|||||||
Diversified Telecommunication Services — 1.2% | ||||||||
AT&T Inc. |
235,739 | 5,570,512 | ||||||
Verizon Communications Inc. |
138,785 | 7,069,708 | ||||||
|
|
|||||||
12,640,220 | ||||||||
Electric Utilities — 1.4% | ||||||||
American Electric Power Co. Inc. |
16,517 | 1,647,901 | ||||||
Constellation Energy Corp. |
10,729 | 603,506 | ||||||
Duke Energy Corp. |
25,543 | 2,852,131 | ||||||
Exelon Corp. |
32,182 | 1,532,829 | ||||||
NextEra Energy Inc. |
64,801 | 5,489,293 | ||||||
Southern Co. (The) |
34,859 | 2,527,626 | ||||||
|
|
|||||||
14,653,286 | ||||||||
Electrical Equipment — 0.4% | ||||||||
Eaton Corp. PLC |
13,125 | 1,991,850 | ||||||
Emerson Electric Co. |
19,671 | 1,928,742 | ||||||
|
|
|||||||
3,920,592 | ||||||||
Energy Equipment & Services — 0.2% | ||||||||
Schlumberger NV |
46,122 | 1,905,300 | ||||||
|
|
|||||||
Entertainment — 1.6% | ||||||||
Activision Blizzard Inc. |
25,464 | 2,039,921 | ||||||
Electronic Arts Inc. |
9,257 | 1,171,103 | ||||||
Netflix Inc.(a) |
14,272 | 5,346,149 | ||||||
Walt Disney Co. (The)(a) |
60,000 | 8,229,600 | ||||||
|
|
|||||||
16,786,773 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 1.5% | ||||||||
American Tower Corp. |
14,948 | 3,755,236 | ||||||
Crown Castle International Corp. |
14,205 | 2,622,243 | ||||||
Digital Realty Trust Inc. |
9,238 | 1,309,948 | ||||||
Equinix Inc. |
2,964 | 2,198,162 | ||||||
Prologis Inc. |
24,302 | 3,924,287 | ||||||
Public Storage |
4,971 | 1,940,082 | ||||||
|
|
|||||||
15,749,958 | ||||||||
Food & Staples Retailing — 1.7% | ||||||||
Costco Wholesale Corp. |
14,609 | 8,412,593 | ||||||
Sysco Corp. |
16,901 | 1,379,967 | ||||||
Walgreens Boots Alliance Inc. |
23,629 | 1,057,870 | ||||||
Walmart Inc. |
46,709 | 6,955,904 | ||||||
|
|
|||||||
17,806,334 |
24 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell Top 200 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Food Products — 0.5% |
||||||||
General Mills Inc. |
19,985 | $ | 1,353,384 | |||||
Kraft Heinz Co. (The) |
22,893 | 901,756 | ||||||
Mondelez International Inc., Class A |
45,654 | 2,866,158 | ||||||
|
|
|||||||
5,121,298 | ||||||||
Health Care Equipment & Supplies — 2.7% | ||||||||
Abbott Laboratories |
57,396 | 6,793,391 | ||||||
Align Technology Inc.(a) |
2,591 | 1,129,676 | ||||||
Baxter International Inc. |
16,573 | 1,285,071 | ||||||
Becton Dickinson and Co. |
9,436 | 2,509,976 | ||||||
Boston Scientific Corp.(a) |
46,773 | 2,071,576 | ||||||
Edwards Lifesciences Corp.(a) |
20,376 | 2,398,663 | ||||||
Intuitive Surgical Inc.(a) |
11,678 | 3,523,019 | ||||||
Medtronic PLC |
44,474 | 4,934,390 | ||||||
Stryker Corp. |
11,501 | 3,074,792 | ||||||
|
|
|||||||
27,720,554 | ||||||||
Health Care Providers & Services — 3.1% | ||||||||
Anthem Inc. |
8,081 | 3,969,549 | ||||||
Centene Corp.(a) |
19,025 | 1,601,715 | ||||||
Cigna Corp. |
10,760 | 2,578,204 | ||||||
CVS Health Corp. |
43,602 | 4,412,958 | ||||||
HCA Healthcare Inc. |
8,089 | 2,027,265 | ||||||
Humana Inc. |
4,251 | 1,849,908 | ||||||
UnitedHealth Group Inc. |
31,087 | 15,853,437 | ||||||
|
|
|||||||
32,293,036 | ||||||||
Hotels, Restaurants & Leisure — 1.4% | ||||||||
Booking Holdings Inc.(a) |
1,352 | 3,175,104 | ||||||
Las Vegas Sands Corp.(a) |
10,893 | 423,411 | ||||||
Marriott International Inc./MD, Class A(a) |
9,014 | 1,584,211 | ||||||
McDonald’s Corp. |
24,679 | 6,102,623 | ||||||
Starbucks Corp. |
38,105 | 3,466,412 | ||||||
|
|
|||||||
14,751,761 | ||||||||
Household Products — 1.5% | ||||||||
Colgate-Palmolive Co. |
27,521 | 2,086,918 | ||||||
Kimberly-Clark Corp. |
11,117 | 1,369,170 | ||||||
Procter & Gamble Co. (The) |
79,528 | 12,151,878 | ||||||
|
|
|||||||
15,607,966 | ||||||||
Industrial Conglomerates — 1.2% | ||||||||
3M Co. |
18,878 | 2,810,557 | ||||||
General Electric Co. |
36,121 | 3,305,072 | ||||||
Honeywell International Inc. |
22,733 | 4,423,387 | ||||||
Roper Technologies Inc. |
3,454 | 1,631,082 | ||||||
|
|
|||||||
12,170,098 | ||||||||
Insurance — 1.6% | ||||||||
Allstate Corp. (The) |
9,266 | 1,283,434 | ||||||
American International Group Inc. |
27,437 | 1,722,220 | ||||||
Aon PLC, Class A |
7,212 | 2,348,443 | ||||||
Chubb Ltd. |
14,163 | 3,029,466 | ||||||
Marsh & McLennan Companies Inc. |
16,859 | 2,873,111 | ||||||
MetLife Inc. |
23,138 | 1,626,139 | ||||||
Progressive Corp. (The) |
19,269 | 2,196,473 | ||||||
Travelers Companies Inc. (The) |
7,977 | 1,457,637 | ||||||
|
|
|||||||
16,536,923 | ||||||||
Interactive Media & Services — 6.7% | ||||||||
Alphabet Inc., Class A(a) |
9,941 | 27,649,400 | ||||||
Alphabet Inc., Class C, NVS(a) |
9,141 | 25,530,722 | ||||||
Meta Platforms Inc, Class A(a) |
76,218 | 16,947,834 | ||||||
|
|
|||||||
70,127,956 |
Security | Shares | Value | ||||||
Internet & Direct Marketing Retail — 4.6% |
| |||||||
Amazon.com Inc.(a) |
14,343 | $ | 46,757,463 | |||||
eBay Inc. |
20,673 | 1,183,736 | ||||||
|
|
|||||||
47,941,199 | ||||||||
IT Services — 5.0% | ||||||||
Accenture PLC, Class A |
21,015 | 7,086,888 | ||||||
Automatic Data Processing Inc. |
13,907 | 3,164,399 | ||||||
Block Inc.(a) |
15,812 | 2,144,107 | ||||||
Cognizant Technology Solutions Corp., Class A |
17,363 | 1,556,940 | ||||||
Fidelity National Information Services Inc. |
20,102 | 2,018,643 | ||||||
Fiserv Inc.(a) |
19,860 | 2,013,804 | ||||||
Global Payments Inc. |
9,343 | 1,278,496 | ||||||
International Business Machines Corp. |
29,475 | 3,832,340 | ||||||
Kyndryl Holdings Inc.(a) |
7,404 | 97,140 | ||||||
Mastercard Inc., Class A |
28,528 | 10,195,337 | ||||||
PayPal Holdings Inc.(a) |
38,838 | 4,491,615 | ||||||
Snowflake Inc., Class A(a) |
6,702 | 1,535,629 | ||||||
Twilio Inc., Class A(a) |
5,481 | 903,324 | ||||||
Visa Inc., Class A |
54,833 | 12,160,314 | ||||||
|
|
|||||||
52,478,976 | ||||||||
Life Sciences Tools & Services — 1.5% | ||||||||
Danaher Corp. |
20,933 | 6,140,277 | ||||||
Illumina Inc.(a) |
4,810 | 1,680,614 | ||||||
Thermo Fisher Scientific Inc. |
12,981 | 7,667,227 | ||||||
|
|
|||||||
15,488,118 | ||||||||
Machinery — 1.0% | ||||||||
Caterpillar Inc. |
17,890 | 3,986,250 | ||||||
Deere & Co. |
9,222 | 3,831,372 | ||||||
Illinois Tool Works Inc. |
10,361 | 2,169,593 | ||||||
|
|
|||||||
9,987,215 | ||||||||
Media — 0.9% | ||||||||
Charter Communications Inc., Class A(a) |
3,989 | 2,176,079 | ||||||
Comcast Corp., Class A |
148,631 | 6,958,904 | ||||||
|
|
|||||||
9,134,983 | ||||||||
Metals & Mining — 0.4% | ||||||||
Freeport-McMoRan Inc. |
48,248 | 2,399,856 | ||||||
Newmont Corp. |
26,432 | 2,100,022 | ||||||
Southern Copper Corp. |
2,770 | 210,243 | ||||||
|
|
|||||||
4,710,121 | ||||||||
Multi-Utilities — 0.4% | ||||||||
Dominion Energy Inc. |
26,565 | 2,257,228 | ||||||
Sempra Energy |
10,568 | 1,776,692 | ||||||
|
|
|||||||
4,033,920 | ||||||||
Multiline Retail — 0.5% | ||||||||
Dollar General Corp. |
7,704 | 1,715,141 | ||||||
Target Corp. |
15,857 | 3,365,173 | ||||||
|
|
|||||||
5,080,314 | ||||||||
Oil, Gas & Consumable Fuels — 2.9% | ||||||||
Chevron Corp. |
63,929 | 10,409,559 | ||||||
ConocoPhillips |
43,608 | 4,360,800 | ||||||
EOG Resources Inc. |
19,237 | 2,293,628 | ||||||
Exxon Mobil Corp. |
139,943 | 11,557,892 | ||||||
Kinder Morgan Inc. |
64,142 | 1,212,925 | ||||||
|
|
|||||||
29,834,804 | ||||||||
Personal Products — 0.2% | ||||||||
Estee Lauder Companies Inc. (The), Class A |
7,545 | 2,054,654 | ||||||
|
|
|||||||
Pharmaceuticals — 4.6% | ||||||||
Bristol-Myers Squibb Co. |
71,946 | 5,254,216 |
S C H E D U L E O F I N V E S T M E N T S |
25 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell Top 200 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Pharmaceuticals (continued) |
||||||||
Eli Lilly & Co. |
28,010 | $ | 8,021,224 | |||||
Johnson & Johnson |
87,068 | 15,431,062 | ||||||
Merck & Co. Inc. |
83,718 | 6,869,062 | ||||||
Pfizer Inc. |
184,478 | 9,550,426 | ||||||
Zoetis Inc. |
15,657 | 2,952,753 | ||||||
|
|
|||||||
48,078,743 | ||||||||
Road & Rail — 1.2% | ||||||||
CSX Corp. |
73,040 | 2,735,348 | ||||||
Norfolk Southern Corp. |
7,924 | 2,260,083 | ||||||
Uber Technologies Inc.(a) |
53,211 | 1,898,569 | ||||||
Union Pacific Corp. |
21,243 | 5,803,800 | ||||||
|
|
|||||||
12,697,800 | ||||||||
Semiconductors & Semiconductor Equipment — 6.7% | ||||||||
Advanced Micro Devices Inc.(a) |
53,959 | 5,899,877 | ||||||
Analog Devices Inc. |
17,370 | 2,869,177 | ||||||
Applied Materials Inc. |
29,362 | 3,869,912 | ||||||
Broadcom Inc. |
13,337 | 8,398,042 | ||||||
Intel Corp. |
133,570 | 6,619,729 | ||||||
KLA Corp. |
5,004 | 1,831,764 | ||||||
Lam Research Corp. |
4,647 | 2,498,274 | ||||||
Micron Technology Inc. |
36,964 | 2,879,126 | ||||||
NVIDIA Corp. |
79,060 | 21,572,312 | ||||||
NXP Semiconductors NV |
8,772 | 1,623,522 | ||||||
QUALCOMM Inc. |
37,276 | 5,696,518 | ||||||
Texas Instruments Inc. |
30,522 | 5,600,176 | ||||||
|
|
|||||||
69,358,429 | ||||||||
Software — 10.4% | ||||||||
Adobe Inc.(a) |
15,565 | 7,091,725 | ||||||
Atlassian Corp. PLC, Class A(a) |
4,607 | 1,353,675 | ||||||
Autodesk Inc.(a) |
7,263 | 1,556,824 | ||||||
Intuit Inc. |
8,770 | 4,216,967 | ||||||
Microsoft Corp. |
249,047 | 76,783,680 | ||||||
Oracle Corp. |
53,152 | 4,397,265 | ||||||
salesforce.com Inc.(a) |
30,903 | 6,561,325 | ||||||
ServiceNow Inc.(a) |
6,612 | 3,682,157 | ||||||
VMware Inc., Class A |
7,358 | 837,855 | ||||||
Workday Inc., Class A(a) |
6,297 | 1,507,880 | ||||||
Zoom Video Communications Inc., Class A(a) |
7,183 | 842,063 | ||||||
|
|
|||||||
108,831,416 | ||||||||
Specialty Retail — 1.7% | ||||||||
Home Depot Inc. (The) |
34,512 | 10,330,477 | ||||||
Lowe’s Companies Inc. |
22,244 | 4,497,515 |
Security | Shares | Value | ||||||
Specialty Retail (continued) |
||||||||
Ross Stores Inc. |
11,544 | $ | 1,044,270 | |||||
TJX Companies Inc. (The) |
39,397 | 2,386,670 | ||||||
|
|
|||||||
18,258,932 | ||||||||
Technology Hardware, Storage & Peripherals — 8.6% | ||||||||
Apple Inc. |
510,087 | 89,066,291 | ||||||
Dell Technologies Inc., Class C(a) |
8,884 | 445,888 | ||||||
|
|
|||||||
89,512,179 | ||||||||
Textiles, Apparel & Luxury Goods — 0.5% | ||||||||
Nike Inc., Class B |
40,887 | 5,501,755 | ||||||
|
|
|||||||
Tobacco — 0.8% | ||||||||
Altria Group Inc. |
60,425 | 3,157,206 | ||||||
Philip Morris International Inc. |
51,358 | 4,824,571 | ||||||
|
|
|||||||
7,981,777 | ||||||||
Wireless Telecommunication Services — 0.2% | ||||||||
T-Mobile U.S. Inc.(a) |
19,419 | 2,492,429 | ||||||
|
|
|||||||
Total
Common Stocks — 99.8% |
|
1,040,187,438 | ||||||
|
|
|||||||
Short-Term Investments |
||||||||
Money Market Funds — 0.2% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.34%(c)(d)(e) |
249,953 | 249,903 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.25%(c)(d) |
1,385,000 | 1,385,000 | ||||||
|
|
|||||||
1,634,903 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 0.2% |
|
1,634,903 | ||||||
|
|
|||||||
Total
Investments in Securities — 100.0% |
|
1,041,822,341 | ||||||
Other Assets, Less Liabilities — 0.0% |
|
266,887 | ||||||
|
|
|||||||
Net Assets — 100.0% |
$ | 1,042,089,228 | ||||||
|
|
(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. |
26 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell Top 200 ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value
at 03/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in (Depreciation) |
Value
at 03/31/22 |
Shares Held at |
Income |
Capital Gain |
|||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 379,310 | $ | — | $ | (127,019 | )(a) | $ | (2,353) | $ | (35) | $ | 249,903 | 249,953 | $ | 4,873 | (b) | $ | — | |||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
1,115,000 | 270,000 | (a) | — | — | — | 1,385,000 | 1,385,000 | 377 | — | ||||||||||||||||||||||||||
BlackRock Inc. |
3,510,438 | 1,119,975 | (1,069,431) | 408,450 | (364,842) | 3,604,590 | 4,717 | 78,710 | — | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | 406,097 | $ | (364,877 | ) | $ | 5,239,493 | $ | 83,960 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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. |
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 |
||||||||||||||||
S&P 500 E-Mini Index |
8 | 06/17/22 | $ | 1,812 | $ | 98,524 | ||||||||||
|
|
Derivative Financial Instruments Categorized by Risk Exposure
As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:
|
||||
Equity Contracts |
||||
|
||||
Assets — Derivative Financial Instruments |
||||
Futures contracts |
||||
Unrealized appreciation on futures contracts(a) |
$ | 98,524 | ||
|
|
(a) |
Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss). |
For the period ended March 31, 2022, the effect of derivative financial instruments in the Statements of Operations was as follows:
|
||||
Equity Contracts |
||||
|
||||
Net Realized Gain (Loss) from: |
||||
Futures contracts |
$ | 195,578 | ||
|
|
|||
Net Change in Unrealized Appreciation (Depreciation) on: |
||||
Futures contracts |
$ | 84,855 | ||
|
|
Average Quarterly Balances of Outstanding Derivative Financial Instruments
|
||||
Futures contracts: |
||||
Average notional value of contracts — long |
$ | 1,664,789 | ||
|
For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.
S C H E D U L E O F I N V E S T M E N T S |
27 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell Top 200 ETF |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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
|
|||||||||||||
|
||||||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Common Stocks |
$ | 1,040,187,438 | $ | — | $ | — | $ | 1,040,187,438 | ||||||||
Money Market Funds |
1,634,903 | — | — | 1,634,903 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$
|
1,041,822,341
|
|
$
|
—
|
|
$
|
—
|
|
$
|
1,041,822,341
|
| |||||
|
|
|
|
|
|
|
|
|||||||||
Derivative financial instruments(a) |
||||||||||||||||
Assets |
||||||||||||||||
Futures Contracts |
$
|
98,524
|
|
$
|
—
|
|
$
|
—
|
|
$
|
98,524
|
| ||||
|
|
|
|
|
|
|
|
(a) |
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
See notes to financial statements.
28 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments March 31, 2022 |
iShares® Russell Top 200 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
||||||||
Aerospace & Defense — 0.6% |
||||||||
Lockheed Martin Corp. |
57,060 | $ | 25,186,284 | |||||
Northrop Grumman Corp. |
3,314 | 1,482,087 | ||||||
|
|
|||||||
26,668,371 | ||||||||
Air Freight & Logistics — 1.0% | ||||||||
FedEx Corp. |
28,623 | 6,623,076 | ||||||
United Parcel Service Inc., Class B |
194,680 | 41,751,073 | ||||||
|
|
|||||||
48,374,149 | ||||||||
Automobiles — 5.0% | ||||||||
Rivian Automotive Inc., Class A(a)(b) |
9,554 | 479,993 | ||||||
Tesla Inc.(a) |
223,622 | 240,975,067 | ||||||
|
|
|||||||
241,455,060 | ||||||||
Beverages — 2.2% | ||||||||
Coca-Cola Co. (The) |
735,809 | 45,620,158 | ||||||
Monster Beverage Corp.(a) |
92,472 | 7,388,513 | ||||||
PepsiCo Inc. |
307,899 | 51,536,134 | ||||||
|
|
|||||||
104,544,805 | ||||||||
Biotechnology — 2.7% | ||||||||
AbbVie Inc. |
474,672 | 76,949,078 | ||||||
Amgen Inc. |
123,573 | 29,882,423 | ||||||
Moderna Inc.(a) |
91,090 | 15,691,163 | ||||||
Regeneron Pharmaceuticals Inc.(a) |
2,903 | 2,027,513 | ||||||
Vertex Pharmaceuticals Inc.(a) |
27,338 | 7,134,398 | ||||||
|
|
|||||||
131,684,575 | ||||||||
Capital Markets — 1.2% | ||||||||
Blackstone Inc., NVS |
188,496 | 23,927,682 | ||||||
Goldman Sachs Group Inc. (The) |
5,427 | 1,791,452 | ||||||
Moody’s Corp. |
41,292 | 13,932,334 | ||||||
S&P Global Inc. |
45,860 | 18,810,855 | ||||||
|
|
|||||||
58,462,323 | ||||||||
Chemicals — 0.6% | ||||||||
Dow Inc. |
14,469 | 921,965 | ||||||
Ecolab Inc. |
59,077 | 10,430,635 | ||||||
Sherwin-Williams Co. (The) |
64,646 | 16,136,934 | ||||||
|
|
|||||||
27,489,534 | ||||||||
Commercial Services & Supplies — 0.1% | ||||||||
Waste Management Inc. |
18,050 | 2,860,925 | ||||||
|
|
|||||||
Consumer Finance — 0.4% | ||||||||
American Express Co. |
105,396 | 19,709,052 | ||||||
|
|
|||||||
Entertainment — 1.0% | ||||||||
Netflix Inc.(a) |
115,940 | 43,429,965 | ||||||
Walt Disney Co. (The)(a) |
24,875 | 3,411,855 | ||||||
|
|
|||||||
46,841,820 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 1.6% | ||||||||
American Tower Corp. |
121,031 | 30,405,408 | ||||||
Crown Castle International Corp. |
115,896 | 21,394,402 | ||||||
Equinix Inc. |
16,975 | 12,588,999 | ||||||
Public Storage |
30,921 | 12,067,848 | ||||||
|
|
|||||||
76,456,657 | ||||||||
Food & Staples Retailing — 1.6% | ||||||||
Costco Wholesale Corp. |
111,032 | 63,937,777 | ||||||
Sysco Corp. |
137,427 | 11,220,915 | ||||||
|
|
|||||||
75,158,692 | ||||||||
Health Care Equipment & Supplies — 2.0% | ||||||||
Abbott Laboratories |
232,869 | 27,562,375 |
Security | Shares | Value | ||||||
Health Care Equipment & Supplies (continued) |
| |||||||
Align Technology Inc.(a) |
21,150 | $ | 9,221,400 | |||||
Edwards Lifesciences Corp.(a) |
166,205 | 19,565,653 | ||||||
Intuitive Surgical Inc.(a) |
94,980 | 28,653,566 | ||||||
Stryker Corp. |
39,994 | 10,692,396 | ||||||
|
|
|||||||
95,695,390 | ||||||||
Health Care Providers & Services — 0.5% | ||||||||
HCA Healthcare Inc. |
65,813 | 16,494,054 | ||||||
UnitedHealth Group Inc. |
17,461 | 8,904,586 | ||||||
|
|
|||||||
25,398,640 | ||||||||
Hotels, Restaurants & Leisure — 1.6% | ||||||||
Booking Holdings Inc.(a) |
10,987 | 25,802,420 | ||||||
Las Vegas Sands Corp.(a) |
88,727 | 3,448,819 | ||||||
Marriott International Inc./MD, Class A(a) |
72,981 | 12,826,411 | ||||||
McDonald’s Corp. |
35,723 | 8,833,583 | ||||||
Starbucks Corp. |
309,468 | 28,152,304 | ||||||
|
|
|||||||
79,063,537 | ||||||||
Household Products — 0.3% | ||||||||
Colgate-Palmolive Co. |
118,767 | 9,006,102 | ||||||
Kimberly-Clark Corp. |
45,525 | 5,606,859 | ||||||
|
|
|||||||
14,612,961 | ||||||||
Industrial Conglomerates — 0.2% | ||||||||
3M Co. |
22,014 | 3,277,445 | ||||||
Honeywell International Inc. |
39,797 | 7,743,700 | ||||||
|
|
|||||||
11,021,145 | ||||||||
Insurance — 0.3% | ||||||||
Aon PLC, Class A |
34,608 | 11,269,403 | ||||||
Marsh & McLennan Companies Inc. |
16,051 | 2,735,411 | ||||||
|
|
|||||||
14,004,814 | ||||||||
Interactive Media & Services — 10.6% | ||||||||
Alphabet Inc., Class A(a) |
69,573 | 193,506,864 | ||||||
Alphabet Inc., Class C, NVS(a) |
63,991 | 178,726,223 | ||||||
Meta Platforms Inc, Class A(a) |
619,676 | 137,791,155 | ||||||
|
|
|||||||
510,024,242 | ||||||||
Internet & Direct Marketing Retail — 8.1% | ||||||||
Amazon.com Inc.(a) |
116,619 | 380,172,109 | ||||||
eBay Inc. |
168,283 | 9,635,885 | ||||||
|
|
|||||||
389,807,994 | ||||||||
IT Services — 6.7% | ||||||||
Accenture PLC, Class A |
137,257 | 46,287,178 | ||||||
Automatic Data Processing Inc. |
103,902 | 23,641,861 | ||||||
Block Inc.(a)(b) |
128,977 | 17,489,281 | ||||||
Fiserv Inc.(a)(b) |
10,923 | 1,107,592 | ||||||
Mastercard Inc., Class A |
231,929 | 82,886,786 | ||||||
PayPal Holdings Inc.(a) |
316,105 | 36,557,544 | ||||||
Snowflake Inc., Class A(a) |
51,194 | 11,730,081 | ||||||
Twilio Inc., Class A(a) |
12,584 | 2,073,969 | ||||||
Visa Inc., Class A |
445,808 | 98,866,840 | ||||||
|
|
|||||||
320,641,132 | ||||||||
Life Sciences Tools & Services — 0.5% | ||||||||
Danaher Corp. |
8,893 | 2,608,584 | ||||||
Illumina Inc.(a) |
39,021 | 13,633,937 | ||||||
Thermo Fisher Scientific Inc. |
9,530 | 5,628,895 | ||||||
|
|
|||||||
21,871,416 | ||||||||
Machinery — 1.6% | ||||||||
Caterpillar Inc. |
125,464 | 27,955,888 | ||||||
Deere & Co. |
75,007 | 31,162,408 |
S C H E D U L E O F I N V E S T M E N T S |
29 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell Top 200 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Machinery (continued) |
||||||||
Illinois Tool Works Inc. |
75,904 | $ | 15,894,298 | |||||
|
|
|||||||
75,012,594 | ||||||||
Media — 0.3% | ||||||||
Charter Communications Inc., Class A(a) |
30,658 | 16,724,552 | ||||||
|
|
|||||||
Metals & Mining — 0.1% | ||||||||
Freeport-McMoRan Inc. |
115,041 | 5,722,139 | ||||||
Southern Copper Corp. |
20,604 | 1,563,844 | ||||||
|
|
|||||||
7,285,983 | ||||||||
Multiline Retail — 0.4% | ||||||||
Dollar General Corp. |
26,964 | 6,002,995 | ||||||
Target Corp. |
57,698 | 12,244,670 | ||||||
|
|
|||||||
18,247,665 | ||||||||
Oil, Gas & Consumable Fuels — 0.0% | ||||||||
EOG Resources Inc. |
18,662 | 2,225,070 | ||||||
|
|
|||||||
Personal Products — 0.3% | ||||||||
Estee Lauder Companies Inc. (The), Class A |
61,584 | 16,770,555 | ||||||
|
|
|||||||
Pharmaceuticals — 1.5% | ||||||||
Eli Lilly & Co. |
179,805 | 51,490,758 | ||||||
Zoetis Inc. |
121,067 | 22,832,025 | ||||||
|
|
|||||||
74,322,783 | ||||||||
Road & Rail — 0.9% | ||||||||
Uber Technologies Inc.(a) |
369,576 | 13,186,472 | ||||||
Union Pacific Corp. |
108,935 | 29,762,131 | ||||||
|
|
|||||||
42,948,603 | ||||||||
Semiconductors & Semiconductor Equipment — 9.3% | ||||||||
Advanced Micro Devices Inc.(a) |
438,646 | 47,961,554 | ||||||
Analog Devices Inc. |
56,171 | 9,278,326 | ||||||
Applied Materials Inc. |
238,442 | 31,426,656 | ||||||
Broadcom Inc. |
108,425 | 68,273,054 | ||||||
KLA Corp. |
40,792 | 14,932,319 | ||||||
Lam Research Corp. |
37,834 | 20,339,937 | ||||||
Micron Technology Inc. |
41,490 | 3,231,656 | ||||||
NVIDIA Corp. |
642,773 | 175,387,041 | ||||||
NXP Semiconductors NV |
21,850 | 4,043,998 | ||||||
QUALCOMM Inc. |
302,850 | 46,281,537 | ||||||
Texas Instruments Inc. |
153,559 | 28,175,005 | ||||||
|
|
|||||||
449,331,083 | ||||||||
Software — 17.3% | ||||||||
Adobe Inc.(a) |
126,542 | 57,655,066 | ||||||
Atlassian Corp. PLC, Class A(a) |
37,477 | 11,011,867 | ||||||
Autodesk Inc.(a) |
58,872 | 12,619,213 | ||||||
Intuit Inc. |
71,398 | 34,331,014 | ||||||
Microsoft Corp. |
2,024,835 | 624,276,879 | ||||||
Oracle Corp. |
404,223 | 33,441,369 |
Security | Shares | Value | ||||||
Software (continued) |
||||||||
salesforce.com Inc.(a) |
48,292 | $ | 10,253,358 | |||||
ServiceNow Inc.(a) |
53,691 | 29,899,981 | ||||||
VMware Inc., Class A |
22,228 | 2,531,102 | ||||||
Workday Inc., Class A(a) |
51,563 | 12,347,276 | ||||||
Zoom Video Communications Inc., Class A(a) |
58,480 | 6,855,610 | ||||||
|
|
|||||||
835,222,735 | ||||||||
Specialty Retail — 3.1% | ||||||||
Home Depot Inc. (The) |
280,603 | 83,992,896 | ||||||
Lowe’s Companies Inc. |
180,970 | 36,590,324 | ||||||
Ross Stores Inc. |
94,015 | 8,504,597 | ||||||
TJX Companies Inc. (The) |
320,862 | 19,437,820 | ||||||
|
|
|||||||
148,525,637 | ||||||||
Technology Hardware, Storage & Peripherals — 15.1% | ||||||||
Apple Inc. |
4,147,182 | 724,139,449 | ||||||
Dell Technologies Inc., Class C(a) |
34,793 | 1,746,261 | ||||||
|
|
|||||||
725,885,710 | ||||||||
Textiles, Apparel & Luxury Goods — 0.9% | ||||||||
Nike Inc., Class B |
332,568 | 44,750,350 | ||||||
|
|
|||||||
Tobacco — 0.3% | ||||||||
Altria Group Inc. |
272,836 | 14,255,681 | ||||||
|
|
|||||||
Total
Common Stocks — 99.9% |
4,813,356,235 | |||||||
|
|
|||||||
Short-Term Investments |
||||||||
Money Market Funds — 0.3% |
||||||||
BlackRock
Cash Funds: Institutional, |
8,928,316 | 8,926,531 | ||||||
BlackRock
Cash Funds: Treasury, |
6,166,000 | 6,166,000 | ||||||
|
|
|||||||
15,092,531 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 0.3% |
|
15,092,531 | ||||||
|
|
|||||||
Total
Investments in Securities — 100.2% |
|
4,828,448,766 | ||||||
Other Assets, Less Liabilities — (0.2)% |
(8,076,784 | ) | ||||||
|
|
|||||||
Net Assets — 100.0%
|
$
|
4,820,371,982
|
| |||||
|
|
(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. |
30 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell Top 200 Growth ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
||||||||||||||||||||||||||||||||||||
Affiliated Issuer
|
Value at 03/31/21
|
Purchases
|
Proceeds
|
Net Realized
|
Change
in
|
Value at
|
Shares
|
Income
|
Capital Gain
|
|||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 10,766,773 | $ | — | $ | (1,841,643 | )(a) | $ | 207 | $ | 1,194 | $ | 8,926,531 | 8,928,316 | $ | 26,293 | (b) | $ | — | |||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
4,416,000 | 1,750,000 | (a) | — | — | — | 6,166,000 | 6,166,000 | 1,434 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$
|
207
|
|
$
|
1,194
|
|
$
|
15,092,531
|
|
$
|
27,727
|
|
$
|
—
|
| ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
|
||||||||||||||||
Description |
Number of
|
Expiration
|
Notional
|
Value/
|
||||||||||||
|
||||||||||||||||
Long Contracts |
||||||||||||||||
E-Mini Technology Select Sector Index |
7 | 06/17/22 | $ | 1,122 | $ | 90,493 | ||||||||||
Nasdaq 100 E-Mini Index |
16 | 06/17/22 | 4,758 | 411,643 | ||||||||||||
|
|
|||||||||||||||
$
|
502,136
|
| ||||||||||||||
|
|
Derivative Financial Instruments Categorized by Risk Exposure
As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:
|
||||
Equity
|
||||
|
||||
Assets — Derivative Financial Instruments |
||||
Futures contracts |
||||
Unrealized appreciation on futures contracts(a)
|
$
|
502,136
|
| |
|
|
(a) |
Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss). |
For the period ended March 31, 2022, the effect of derivative financial instruments in the Statements of Operations was as follows:
|
||||
Equity
|
||||
|
||||
Net Realized Gain (Loss) from: |
||||
Futures contracts
|
$
|
269,740
|
| |
|
|
|||
Net Change in Unrealized Appreciation (Depreciation) on: |
||||
Futures contracts
|
$
|
454,262
|
| |
|
|
Average Quarterly Balances of Outstanding Derivative Financial Instruments
Futures contracts: |
||||
Average notional value of contracts — long
|
$
|
5,320,912
|
|
For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.
S C H E D U L E O F I N V E S T M E N T S |
31 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell Top 200 Growth ETF |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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
|
|||||||||||||
|
||||||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Common Stocks |
$ | 4,813,356,235 | $ | — | $ | — | $ | 4,813,356,235 | ||||||||
Money Market Funds |
15,092,531 | — | — | 15,092,531 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$
|
4,828,448,766
|
|
$
|
—
|
|
$
|
—
|
|
$
|
4,828,448,766
|
| |||||
|
|
|
|
|
|
|
|
|||||||||
Derivative financial instruments(a) |
||||||||||||||||
Assets |
||||||||||||||||
Futures Contracts
|
$
|
502,136
|
|
$
|
—
|
|
$
|
—
|
|
$
|
502,136
|
| ||||
|
|
|
|
|
|
|
|
(a) |
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
See notes to financial statements.
32 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments March 31, 2022 |
iShares® Russell Top 200 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
||||||||
Aerospace & Defense — 3.2% |
||||||||
Boeing Co. (The)(a) |
50,732 | $ | 9,715,178 | |||||
General Dynamics Corp. |
23,605 | 5,693,054 | ||||||
L3Harris Technologies Inc. |
18,511 | 4,599,428 | ||||||
Lockheed Martin Corp. |
2,909 | 1,284,033 | ||||||
Northrop Grumman Corp. |
12,648 | 5,656,438 | ||||||
Raytheon Technologies Corp. |
141,815 | 14,049,612 | ||||||
|
|
|||||||
40,997,743 | ||||||||
Air Freight & Logistics — 0.2% | ||||||||
FedEx Corp. |
13,065 | 3,023,110 | ||||||
|
|
|||||||
Automobiles — 1.0% | ||||||||
Ford Motor Co. |
370,617 | 6,267,133 | ||||||
General Motors Co.(a) |
130,225 | 5,696,042 | ||||||
Rivian Automotive Inc., Class A(a)(b) |
10,736 | 539,377 | ||||||
|
|
|||||||
12,502,552 | ||||||||
Banks — 8.9% | ||||||||
Bank of America Corp. |
673,642 | 27,767,523 | ||||||
Citigroup Inc. |
187,959 | 10,037,011 | ||||||
JPMorgan Chase & Co. |
278,179 | 37,921,361 | ||||||
PNC Financial Services Group Inc. (The) |
40,192 | 7,413,415 | ||||||
Truist Financial Corp. |
125,612 | 7,122,200 | ||||||
U.S. Bancorp |
127,147 | 6,757,863 | ||||||
Wells Fargo & Co. |
368,410 | 17,853,149 | ||||||
|
|
|||||||
114,872,522 | ||||||||
Beverages — 1.3% | ||||||||
Coca-Cola Co. (The) |
108,141 | 6,704,742 | ||||||
Constellation Brands Inc., Class A |
14,767 | 3,401,135 | ||||||
Keurig Dr Pepper Inc. |
66,262 | 2,511,330 | ||||||
Monster Beverage Corp.(a) |
2,512 | 200,709 | ||||||
PepsiCo Inc. |
22,295 | 3,731,737 | ||||||
|
|
|||||||
16,549,653 | ||||||||
Biotechnology — 1.7% | ||||||||
Amgen Inc. |
9,393 | 2,271,415 | ||||||
Biogen Inc.(a) |
13,813 | 2,909,018 | ||||||
Gilead Sciences Inc. |
118,927 | 7,070,210 | ||||||
Regeneron Pharmaceuticals Inc.(a) |
8,637 | 6,032,254 | ||||||
Vertex Pharmaceuticals Inc.(a) |
14,450 | 3,771,016 | ||||||
|
|
|||||||
22,053,913 | ||||||||
Building Products — 0.3% | ||||||||
Johnson Controls International PLC |
66,316 | 4,348,340 | ||||||
|
|
|||||||
Capital Markets — 5.3% | ||||||||
Bank of New York Mellon Corp. (The) |
70,023 | 3,475,242 | ||||||
BlackRock Inc.(c) |
13,544 | 10,349,918 | ||||||
Charles Schwab Corp. (The) |
142,484 | 12,012,826 | ||||||
CME Group Inc. |
33,957 | 8,077,012 | ||||||
Goldman Sachs Group Inc. (The) |
29,150 | 9,622,415 | ||||||
Intercontinental Exchange Inc. |
52,666 | 6,958,232 | ||||||
Moody’s Corp. |
788 | 265,879 | ||||||
Morgan Stanley |
125,265 | 10,948,161 | ||||||
S&P Global Inc. |
16,679 | 6,841,392 | ||||||
|
|
|||||||
68,551,077 | ||||||||
Chemicals — 1.0% | ||||||||
Air Products and Chemicals Inc. |
20,935 | 5,231,866 | ||||||
Dow Inc. |
64,555 | 4,113,444 | ||||||
DuPont de Nemours Inc. |
48,483 | 3,567,379 |
Security | Shares | Value | ||||||
Chemicals (continued) |
| |||||||
Ecolab Inc. |
2,889 | $ | 510,082 | |||||
|
|
|||||||
13,422,771 | ||||||||
Commercial Services & Supplies — 0.4% | ||||||||
Waste Management Inc. |
33,678 | 5,337,963 | ||||||
|
|
|||||||
Communications Equipment — 1.7% | ||||||||
Cisco Systems Inc. |
400,362 | 22,324,185 | ||||||
|
|
|||||||
Consumer Finance — 0.7% | ||||||||
American Express Co. |
21,194 | 3,963,278 | ||||||
Capital One Financial Corp. |
38,888 | 5,105,606 | ||||||
|
|
|||||||
9,068,884 | ||||||||
Diversified Financial Services — 4.8% | ||||||||
Berkshire Hathaway Inc., Class B(a) |
173,776 | 61,327,288 | ||||||
|
|
|||||||
Diversified Telecommunication Services — 2.8% | ||||||||
AT&T Inc. |
676,728 | 15,991,083 | ||||||
Verizon Communications Inc. |
398,068 | 20,277,584 | ||||||
|
|
|||||||
36,268,667 | ||||||||
Electric Utilities — 3.3% | ||||||||
American Electric Power Co. Inc. |
47,472 | 4,736,281 | ||||||
Constellation Energy Corp. |
30,963 | 1,741,669 | ||||||
Duke Energy Corp. |
72,886 | 8,138,451 | ||||||
Exelon Corp. |
92,439 | 4,402,870 | ||||||
NextEra Energy Inc. |
185,779 | 15,737,339 | ||||||
Southern Co. (The) |
100,198 | 7,265,357 | ||||||
|
|
|||||||
42,021,967 | ||||||||
Electrical Equipment — 0.9% | ||||||||
Eaton Corp. PLC |
37,708 | 5,722,566 | ||||||
Emerson Electric Co. |
56,602 | 5,549,826 | ||||||
|
|
|||||||
11,272,392 | ||||||||
Energy Equipment & Services — 0.4% | ||||||||
Schlumberger NV |
132,720 | 5,482,663 | ||||||
|
|
|||||||
Entertainment — 2.5% | ||||||||
Activision Blizzard Inc. |
73,275 | 5,870,060 | ||||||
Electronic Arts Inc. |
26,432 | 3,343,912 | ||||||
Walt Disney Co. (The)(a) |
163,242 | 22,390,273 | ||||||
|
|
|||||||
31,604,245 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 1.4% | ||||||||
Digital Realty Trust Inc. |
26,621 | 3,774,858 | ||||||
Equinix Inc. |
2,472 | 1,833,285 | ||||||
Prologis Inc. |
69,824 | 11,275,179 | ||||||
Public Storage |
3,337 | 1,302,364 | ||||||
|
|
|||||||
18,185,686 | ||||||||
Food & Staples Retailing — 1.9% | ||||||||
Costco Wholesale Corp. |
2,733 | 1,573,798 | ||||||
Walgreens Boots Alliance Inc. |
67,793 | 3,035,093 | ||||||
Walmart Inc. |
133,990 | 19,953,791 | ||||||
|
|
|||||||
24,562,682 | ||||||||
Food Products — 1.1% | ||||||||
General Mills Inc. |
57,248 | 3,876,835 | ||||||
Kraft Heinz Co. (The) |
65,641 | 2,585,599 | ||||||
Mondelez International Inc., Class A |
130,555 | 8,196,243 | ||||||
|
|
|||||||
14,658,677 | ||||||||
Health Care Equipment & Supplies — 3.6% | ||||||||
Abbott Laboratories |
82,276 | 9,738,188 | ||||||
Baxter International Inc. |
47,669 | 3,696,254 | ||||||
Becton Dickinson and Co. |
27,033 | 7,190,778 |
S C H E D U L E O F I N V E S T M E N T S |
33 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell Top 200 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Health Care Equipment & Supplies (continued) |
| |||||||
Boston Scientific Corp.(a) |
134,363 | $ | 5,950,937 | |||||
Medtronic PLC |
127,196 | 14,112,396 | ||||||
Stryker Corp. |
18,923 | 5,059,064 | ||||||
|
|
|||||||
45,747,617 | ||||||||
Health Care Providers & Services — 6.5% | ||||||||
Anthem Inc. |
23,204 | 11,398,269 | ||||||
Centene Corp.(a) |
54,865 | 4,619,084 | ||||||
Cigna Corp. |
30,827 | 7,386,458 | ||||||
CVS Health Corp. |
124,692 | 12,620,077 | ||||||
Humana Inc. |
12,213 | 5,314,731 | ||||||
UnitedHealth Group Inc. |
82,976 | 42,315,271 | ||||||
|
|
|||||||
83,653,890 | ||||||||
Hotels, Restaurants & Leisure — 1.1% | ||||||||
McDonald’s Corp. |
58,159 | 14,381,558 | ||||||
|
|
|||||||
Household Products — 3.1% | ||||||||
Colgate-Palmolive Co. |
37,097 | 2,813,065 | ||||||
Kimberly-Clark Corp. |
15,894 | 1,957,505 | ||||||
Procter & Gamble Co. (The) |
228,002 | 34,838,706 | ||||||
|
|
|||||||
39,609,276 | ||||||||
Industrial Conglomerates — 2.4% | ||||||||
3M Co. |
46,104 | 6,863,963 | ||||||
General Electric Co. |
103,456 | 9,466,224 | ||||||
Honeywell International Inc. |
50,967 | 9,917,159 | ||||||
Roper Technologies Inc. |
9,930 | 4,689,244 | ||||||
|
|
|||||||
30,936,590 | ||||||||
Insurance — 3.3% | ||||||||
Allstate Corp. (The) |
26,605 | 3,685,058 | ||||||
American International Group Inc. |
78,601 | 4,933,785 | ||||||
Aon PLC, Class A |
8,498 | 2,767,204 | ||||||
Chubb Ltd. |
40,615 | 8,687,548 | ||||||
Marsh & McLennan Companies Inc. |
42,444 | 7,233,306 | ||||||
MetLife Inc. |
66,067 | 4,643,189 | ||||||
Progressive Corp. (The) |
55,330 | 6,307,067 | ||||||
Travelers Companies Inc. (The) |
22,768 | 4,160,397 | ||||||
|
|
|||||||
42,417,554 | ||||||||
Interactive Media & Services — 1.6% | ||||||||
Alphabet Inc., Class A(a) |
3,962 | 11,019,709 | ||||||
Alphabet Inc., Class C, NVS(a) |
3,644 | 10,177,655 | ||||||
|
|
|||||||
21,197,364 | ||||||||
IT Services — 2.9% | ||||||||
Accenture PLC, Class A |
11,834 | 3,990,780 | ||||||
Automatic Data Processing Inc. |
3,200 | 728,128 | ||||||
Cognizant Technology Solutions Corp., Class A |
49,980 | 4,481,707 | ||||||
Fidelity National Information Services Inc. |
57,590 | 5,783,188 | ||||||
Fiserv Inc.(a) |
52,803 | 5,354,224 | ||||||
Global Payments Inc. |
26,705 | 3,654,312 | ||||||
International Business Machines Corp. |
84,661 | 11,007,623 | ||||||
Kyndryl Holdings Inc.(a) |
21,198 | 278,118 | ||||||
Snowflake Inc., Class A(a) |
1,095 | 250,897 | ||||||
Twilio Inc., Class A(a)(b) |
11,296 | 1,861,694 | ||||||
|
|
|||||||
37,390,671 | ||||||||
Life Sciences Tools & Services — 2.8% | ||||||||
Danaher Corp. |
56,945 | 16,703,677 | ||||||
Thermo Fisher Scientific Inc. |
33,874 | 20,007,678 | ||||||
|
|
|||||||
36,711,355 | ||||||||
Machinery — 0.2% | ||||||||
Caterpillar Inc. |
7,094 | 1,580,685 |
Security | Shares | Value | ||||||
Machinery (continued) |
| |||||||
Illinois Tool Works Inc. |
3,035 | $ | 635,529 | |||||
|
|
|||||||
2,216,214 | ||||||||
Media — 1.6% | ||||||||
Charter Communications Inc., Class A(a) |
610 | 332,767 | ||||||
Comcast Corp., Class A |
426,318 | 19,960,209 | ||||||
|
|
|||||||
20,292,976 | ||||||||
Metals & Mining — 0.9% | ||||||||
Freeport-McMoRan Inc. |
98,123 | 4,880,638 | ||||||
Newmont Corp. |
76,059 | 6,042,888 | ||||||
Southern Copper Corp. |
697 | 52,902 | ||||||
|
|
|||||||
10,976,428 | ||||||||
Multi-Utilities — 0.9% | ||||||||
Dominion Energy Inc. |
76,283 | 6,481,766 | ||||||
Sempra Energy |
30,331 | 5,099,248 | ||||||
|
|
|||||||
11,581,014 | ||||||||
Multiline Retail — 0.6% | ||||||||
Dollar General Corp. |
12,580 | 2,800,685 | ||||||
Target Corp. |
25,018 | 5,309,320 | ||||||
|
|
|||||||
8,110,005 | ||||||||
Oil, Gas & Consumable Fuels — 6.6% | ||||||||
Chevron Corp. |
183,280 | 29,843,483 | ||||||
ConocoPhillips |
124,997 | 12,499,700 | ||||||
EOG Resources Inc. |
48,749 | 5,812,343 | ||||||
Exxon Mobil Corp. |
401,209 | 33,135,851 | ||||||
Kinder Morgan Inc. |
183,939 | 3,478,287 | ||||||
|
|
|||||||
84,769,664 | ||||||||
Pharmaceuticals — 8.7% | ||||||||
Bristol-Myers Squibb Co. |
206,592 | 15,087,414 | ||||||
Eli Lilly & Co. |
16,866 | 4,829,916 | ||||||
Johnson & Johnson |
249,621 | 44,240,330 | ||||||
Merck & Co. Inc. |
240,013 | 19,693,067 | ||||||
Pfizer Inc. |
528,886 | 27,380,428 | ||||||
Zoetis Inc. |
2,311 | 435,831 | ||||||
|
|
|||||||
111,666,986 | ||||||||
Road & Rail — 1.6% | ||||||||
CSX Corp. |
209,384 | 7,841,431 | ||||||
Norfolk Southern Corp. |
22,656 | 6,461,944 | ||||||
Uber Technologies Inc.(a) |
21,800 | 777,824 | ||||||
Union Pacific Corp. |
22,407 | 6,121,817 | ||||||
|
|
|||||||
21,203,016 | ||||||||
Semiconductors & Semiconductor Equipment — 3.1% | ||||||||
Analog Devices Inc. |
29,854 | 4,931,284 | ||||||
Intel Corp. |
382,935 | 18,978,258 | ||||||
Micron Technology Inc. |
91,489 | 7,126,078 | ||||||
NXP Semiconductors NV |
17,322 | 3,205,956 | ||||||
Texas Instruments Inc. |
33,252 | 6,101,077 | ||||||
|
|
|||||||
40,342,653 | ||||||||
Software — 1.4% | ||||||||
Oracle Corp. |
10,425 | 862,460 | ||||||
salesforce.com Inc.(a) |
71,581 | 15,198,078 | ||||||
VMware Inc., Class A |
13,255 | 1,509,347 | ||||||
|
|
|||||||
17,569,885 | ||||||||
Technology Hardware, Storage & Peripherals — 0.1% | ||||||||
Dell Technologies Inc., Class C(a) |
13,272 | 666,122 | ||||||
|
|
|||||||
Tobacco — 1.4% | ||||||||
Altria Group Inc. |
76,545 | 3,999,476 |
34 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell Top 200 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Tobacco (continued) |
||||||||
Philip Morris International Inc. |
147,521 | $ | 13,858,123 | |||||
|
|
|||||||
17,857,599 | ||||||||
Wireless Telecommunication Services — 0.6% | ||||||||
T-Mobile U.S. Inc.(a) |
55,806 | 7,162,700 | ||||||
|
|
|||||||
Total
Common Stocks — 99.8% |
1,284,898,117 | |||||||
|
|
|||||||
Short-Term Investments |
|
|||||||
Money Market Funds — 0.2% |
||||||||
BlackRock
Cash Funds: Institutional, |
1,179,006 | 1,178,770 | ||||||
BlackRock
Cash Funds: Treasury, |
1,740,000 | 1,740,000 | ||||||
|
|
|||||||
2,918,770 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 0.2% |
|
2,918,770 | ||||||
|
|
|||||||
Total
Investments in Securities — 100.0% |
|
1,287,816,887 | ||||||
Other Assets, Less Liabilities — (0.0)% |
|
(94,222 | ) | |||||
|
|
|||||||
Net Assets — 100.0%
|
$
|
1,287,722,665
|
| |||||
|
|
(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 year ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value at 03/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 03/31/22 |
Shares Held at 03/31/22 |
Income | Capital Gain |
|||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 144,852 | $ | 1,038,344 | (a) | $ | — | $ | (4,231 | ) | $ | (195 | ) | $ | 1,178,770 | 1,179,006 | $ | 2,459 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
1,620,000 | 120,000 | (a) | — | — | — | 1,740,000 | 1,740,000 | 479 | — | ||||||||||||||||||||||||||
BlackRock Inc. |
10,425,759 | 4,262,295 | (4,496,886 | ) | 1,497,807 | (1,339,057 | ) | 10,349,918 | 13,544 | 225,333 | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$
|
1,493,576
|
|
$
|
(1,339,252
|
)
|
$
|
13,268,688
|
|
$
|
228,271
|
|
$
|
—
|
| ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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. |
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 |
||||||||||||||||
DIJA Mini e-CBOT Index |
7 | 06/17/22 | $ | 1,212 | $ | 44,147 | ||||||||||
E-Mini Consumer Staples Index |
8 | 06/17/22 | 609 | 27,942 |
S C H E D U L E O F I N V E S T M E N T S |
35 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell Top 200 Value ETF |
Futures Contracts (continued)
|
||||||||||||||||
Description
|
Number of
|
Expiration Date
|
Notional Amount (000)
|
Value/
|
||||||||||||
|
||||||||||||||||
E-Mini Financials Select Sector Index |
6 | 06/17/22 | $ | 708 | $
|
24,041
|
| |||||||||
|
|
|||||||||||||||
$
|
96,130
|
| ||||||||||||||
|
|
Derivative Financial Instruments Categorized by Risk Exposure
As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:
|
||||
Equity
|
||||
|
||||
Assets — Derivative Financial Instruments |
||||
Futures contracts |
||||
Unrealized appreciation on futures contracts(a) |
$
|
96,130
|
| |
|
|
(a) |
Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss). |
For the period ended March 31, 2022, the effect of derivative financial instruments in the Statements of Operations was as follows:
|
||||
Equity
|
||||
|
||||
Net Realized Gain (Loss) from: |
||||
Futures contracts |
$
|
305,393
|
| |
|
|
|||
Net Change in Unrealized Appreciation (Depreciation) on: |
||||
Futures contracts |
$
|
78,971
|
| |
|
|
Average Quarterly Balances of Outstanding Derivative Financial Instruments
|
||||
Futures contracts: |
||||
Average notional value of contracts — long
|
$
|
2,312,295
|
| |
|
For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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 | |||||||||||||
|
||||||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Common Stocks |
$ | 1,284,898,117 | $ | — | $ | — | $ | 1,284,898,117 | ||||||||
Money Market Funds |
2,918,770 | — | — | 2,918,770 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$
|
1,287,816,887
|
|
$
|
—
|
|
$
|
—
|
|
$
|
1,287,816,887
|
| |||||
|
|
|
|
|
|
|
|
|||||||||
Derivative financial instruments(a) |
||||||||||||||||
Assets |
||||||||||||||||
Futures Contracts |
$
|
96,130
|
|
$
|
—
|
|
$
|
—
|
|
$
|
96,130
|
| ||||
|
|
|
|
|
|
|
|
(a) |
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
See notes to financial statements.
36 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments March 31, 2022 |
iShares® Russell 1000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
||||||||
Aerospace & Defense — 1.6% |
||||||||
Axon Enterprise Inc.(a) |
45,058 | $ | 6,205,838 | |||||
Boeing Co. (The)(a) |
383,981 | 73,532,361 | ||||||
BWX Technologies Inc. |
65,958 | 3,552,498 | ||||||
Curtiss-Wright Corp. |
28,886 | 4,337,522 | ||||||
General Dynamics Corp. |
178,188 | 42,975,382 | ||||||
HEICO Corp. |
31,616 | 4,854,321 | ||||||
HEICO Corp., Class A |
54,978 | 6,972,860 | ||||||
Hexcel Corp. |
61,225 | 3,641,051 | ||||||
Howmet Aerospace Inc. |
273,575 | 9,832,285 | ||||||
Huntington Ingalls Industries Inc. |
28,174 | 5,619,023 | ||||||
L3Harris Technologies Inc. |
140,645 | 34,946,063 | ||||||
Lockheed Martin Corp. |
174,471 | 77,011,499 | ||||||
Mercury Systems Inc.(a) |
40,202 | 2,591,019 | ||||||
Northrop Grumman Corp. |
105,131 | 47,016,686 | ||||||
Raytheon Technologies Corp. |
1,074,707 | 106,471,222 | ||||||
Spirit AeroSystems Holdings Inc., Class A |
78,012 | 3,814,007 | ||||||
Textron Inc. |
161,588 | 12,018,915 | ||||||
TransDigm Group Inc.(a) |
37,821 | 24,641,894 | ||||||
Virgin Galactic Holdings Inc.(a)(b) |
127,917 | 1,263,820 | ||||||
Woodward Inc. |
44,604 | 5,571,486 | ||||||
|
|
|||||||
476,869,752 | ||||||||
Air Freight & Logistics — 0.6% | ||||||||
CH Robinson Worldwide Inc. |
92,317 | 9,943,464 | ||||||
Expeditors International of Washington Inc. |
119,266 | 12,303,481 | ||||||
FedEx Corp. |
175,975 | 40,718,855 | ||||||
GXO Logistics Inc.(a) |
69,104 | 4,929,879 | ||||||
United Parcel Service Inc., Class B |
519,589 | 111,431,057 | ||||||
|
|
|||||||
179,326,736 | ||||||||
Airlines — 0.2% | ||||||||
Alaska Air Group Inc.(a)(b) |
86,529 | 5,019,547 | ||||||
American Airlines Group Inc.(a)(b) |
445,754 | 8,135,010 | ||||||
Copa Holdings SA, Class A, NVS(a)(b) |
22,552 | 1,886,249 | ||||||
Delta Air Lines Inc.(a) |
456,441 | 18,061,370 | ||||||
JetBlue Airways Corp.(a) |
226,487 | 3,385,981 | ||||||
Southwest Airlines Co.(a) |
422,167 | 19,335,249 | ||||||
United Airlines Holdings Inc.(a)(b) |
238,255 | 11,045,502 | ||||||
|
|
|||||||
66,868,908 | ||||||||
Auto Components — 0.2% | ||||||||
Aptiv PLC(a) |
194,067 | 23,231,761 | ||||||
BorgWarner Inc. |
176,999 | 6,885,261 | ||||||
Gentex Corp. |
177,530 | 5,178,550 | ||||||
Lear Corp. |
43,856 | 6,253,427 | ||||||
QuantumScape Corp.(a)(b) |
174,716 | 3,492,573 | ||||||
|
|
|||||||
45,041,572 | ||||||||
Automobiles — 2.5% | ||||||||
Ford Motor Co. |
2,808,600 | 47,493,426 | ||||||
General Motors Co.(a) |
985,514 | 43,106,382 | ||||||
Harley-Davidson Inc. |
107,170 | 4,222,498 | ||||||
Rivian Automotive Inc., Class A(a)(b) |
109,005 | 5,476,411 | ||||||
Tesla Inc.(a) |
597,561 | 643,931,734 | ||||||
Thor Industries Inc. |
39,557 | 3,113,136 | ||||||
|
|
|||||||
747,343,587 | ||||||||
Banks — 3.7% | ||||||||
Bank of America Corp. |
5,105,002 | 210,428,182 | ||||||
Bank of Hawaii Corp. |
27,394 | 2,298,904 | ||||||
Bank OZK |
80,911 | 3,454,900 | ||||||
BOK Financial Corp. |
21,569 | 2,026,408 |
Security | Shares | Value | ||||||
Banks (continued) |
||||||||
Citigroup Inc. |
1,424,396 | $ | 76,062,746 | |||||
Citizens Financial Group Inc. |
302,901 | 13,730,502 | ||||||
Comerica Inc. |
95,032 | 8,593,744 | ||||||
Commerce Bancshares Inc. |
81,308 | 5,820,840 | ||||||
Cullen/Frost Bankers Inc. |
40,546 | 5,611,972 | ||||||
East West Bancorp. Inc. |
101,869 | 8,049,688 | ||||||
Fifth Third Bancorp |
485,710 | 20,904,958 | ||||||
First Citizens BancShares Inc./NC, Class A |
9,072 | 6,038,323 | ||||||
First Hawaiian Inc. |
81,929 | 2,285,000 | ||||||
First Horizon Corp. |
391,220 | 9,189,758 | ||||||
First Republic Bank/CA |
128,082 | 20,762,092 | ||||||
FNB Corp. |
245,609 | 3,057,832 | ||||||
Huntington Bancshares Inc./OH |
1,031,504 | 15,080,588 | ||||||
JPMorgan Chase & Co. |
2,108,101 | 287,376,328 | ||||||
KeyCorp |
670,539 | 15,006,663 | ||||||
M&T Bank Corp. |
92,290 | 15,643,155 | ||||||
PacWest Bancorp |
83,265 | 3,591,219 | ||||||
People’s United Financial Inc. |
303,929 | 6,075,541 | ||||||
Pinnacle Financial Partners Inc. |
52,835 | 4,865,047 | ||||||
PNC Financial Services Group Inc. (The) |
304,460 | 56,157,647 | ||||||
Popular Inc. |
56,650 | 4,630,571 | ||||||
Prosperity Bancshares Inc. |
62,692 | 4,349,571 | ||||||
Regions Financial Corp. |
692,276 | 15,410,064 | ||||||
Signature Bank/New York NY |
44,127 | 12,950,833 | ||||||
SVB Financial Group(a) |
40,505 | 22,660,522 | ||||||
Synovus Financial Corp. |
103,580 | 5,075,420 | ||||||
Truist Financial Corp. |
954,594 | 54,125,480 | ||||||
U.S. Bancorp |
967,237 | 51,408,647 | ||||||
Umpqua Holdings Corp. |
163,366 | 3,081,083 | ||||||
Webster Financial Corp. |
123,918 | 6,954,278 | ||||||
Wells Fargo & Co. |
2,791,880 | 135,294,505 | ||||||
Western Alliance Bancorp |
76,922 | 6,370,680 | ||||||
Wintrust Financial Corp. |
40,507 | 3,764,316 | ||||||
Zions Bancorp. N.A |
106,048 | 6,952,507 | ||||||
|
|
|||||||
1,135,140,514 | ||||||||
Beverages — 1.4% |
||||||||
Boston Beer Co. Inc. (The), Class A, NVS(a)(b) |
6,052 | 2,351,020 | ||||||
Brown-Forman Corp., Class A |
32,999 | 2,070,357 | ||||||
Brown-Forman Corp., Class B, NVS |
131,445 | 8,809,444 | ||||||
Coca-Cola Co. (The) |
2,787,497 | 172,824,814 | ||||||
Constellation Brands Inc., Class A |
111,680 | 25,722,138 | ||||||
Keurig Dr Pepper Inc. |
498,403 | 18,889,474 | ||||||
Molson Coors Beverage Co., Class B |
126,864 | 6,772,000 | ||||||
Monster Beverage Corp.(a) |
269,529 | 21,535,367 | ||||||
PepsiCo Inc. |
991,944 | 166,031,587 | ||||||
|
|
|||||||
425,006,201 | ||||||||
Biotechnology — 2.1% |
||||||||
AbbVie Inc. |
1,268,432 | 205,625,512 | ||||||
Alnylam Pharmaceuticals Inc.(a) |
86,154 | 14,068,087 | ||||||
Amgen Inc. |
401,420 | 97,071,384 | ||||||
Biogen Inc.(a) |
105,229 | 22,161,227 | ||||||
BioMarin Pharmaceutical Inc.(a) |
128,880 | 9,936,648 | ||||||
CureVac NV(a)(b) |
25,992 | 509,703 | ||||||
Exact Sciences Corp.(a)(b) |
125,293 | 8,760,487 | ||||||
Exelixis Inc.(a) |
221,393 | 5,018,979 | ||||||
Gilead Sciences Inc. |
899,920 | 53,500,244 | ||||||
Horizon Therapeutics PLC(a) |
155,608 | 16,371,518 | ||||||
Incyte Corp.(a) |
133,900 | 10,634,338 | ||||||
Ionis Pharmaceuticals Inc.(a)(b) |
97,644 | 3,616,734 |
S C H E D U L E O F I N V E S T M E N T S |
37 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
Iovance Biotherapeutics Inc.(a)(b) |
106,510 | $ | 1,773,392 | |||||
Mirati Therapeutics Inc.(a) |
29,865 | 2,455,500 | ||||||
Moderna Inc.(a) |
243,992 | 42,030,062 | ||||||
Natera Inc.(a)(b) |
66,250 | 2,695,050 | ||||||
Neurocrine Biosciences Inc.(a) |
65,168 | 6,109,500 | ||||||
Novavax Inc.(a)(b) |
54,210 | 3,992,566 | ||||||
Regeneron Pharmaceuticals Inc.(a) |
73,555 | 51,372,283 | ||||||
Sage Therapeutics Inc.(a) |
40,912 | 1,354,187 | ||||||
Sarepta Therapeutics Inc.(a)(b) |
58,691 | 4,584,941 | ||||||
Seagen Inc.(a) |
95,224 | 13,717,017 | ||||||
Ultragenyx Pharmaceutical Inc.(a)(b) |
45,414 | 3,297,965 | ||||||
United Therapeutics Corp.(a) |
31,023 | 5,565,836 | ||||||
Vertex Pharmaceuticals Inc.(a) |
182,500 | 47,627,025 | ||||||
|
|
|||||||
633,850,185 | ||||||||
Building Products — 0.5% | ||||||||
A O Smith Corp. |
92,997 | 5,941,578 | ||||||
Advanced Drainage Systems Inc.(b) |
44,122 | 5,242,135 | ||||||
Allegion PLC |
62,364 | 6,846,320 | ||||||
Armstrong World Industries Inc. |
32,541 | 2,929,015 | ||||||
AZEK Co. Inc. (The)(a)(b) |
72,207 | 1,793,622 | ||||||
Builders FirstSource Inc.(a) |
135,416 | 8,739,749 | ||||||
Carlisle Companies Inc. |
37,817 | 9,299,957 | ||||||
Carrier Global Corp. |
613,713 | 28,151,015 | ||||||
Fortune Brands Home & Security Inc. |
100,204 | 7,443,153 | ||||||
Hayward Holdings Inc.(a)(b) |
23,896 | 397,152 | ||||||
Johnson Controls International PLC |
503,451 | 33,011,282 | ||||||
Lennox International Inc. |
23,080 | 5,951,409 | ||||||
Masco Corp. |
175,555 | 8,953,305 | ||||||
Owens Corning |
71,386 | 6,531,819 | ||||||
Trane Technologies PLC |
167,035 | 25,506,244 | ||||||
Trex Co. Inc.(a)(b) |
85,285 | 5,571,669 | ||||||
|
|
|||||||
162,309,424 | ||||||||
Capital Markets — 3.1% | ||||||||
Affiliated Managers Group Inc. |
28,134 | 3,965,487 | ||||||
Ameriprise Financial Inc. |
80,032 | 24,038,411 | ||||||
Ares Management Corp., Class A |
101,921 | 8,279,043 | ||||||
Bank of New York Mellon Corp. (The) |
530,056 | 26,306,679 | ||||||
BlackRock Inc.(c) |
102,665 | 78,453,513 | ||||||
Blackstone Inc., NVS |
504,535 | 64,045,673 | ||||||
Carlyle Group Inc. (The) |
111,122 | 5,434,977 | ||||||
Cboe Global Markets Inc. |
75,686 | 8,659,992 | ||||||
Charles Schwab Corp. (The) |
1,079,773 | 91,035,662 | ||||||
CME Group Inc. |
258,014 | 61,371,210 | ||||||
Evercore Inc., Class A |
27,214 | 3,029,462 | ||||||
FactSet Research Systems Inc. |
27,012 | 11,727,260 | ||||||
Franklin Resources Inc. |
202,106 | 5,642,799 | ||||||
Goldman Sachs Group Inc. (The) |
235,249 | 77,655,695 | ||||||
Interactive Brokers Group Inc., Class A |
57,472 | 3,787,979 | ||||||
Intercontinental Exchange Inc. |
400,811 | 52,955,149 | ||||||
Invesco Ltd. |
229,165 | 5,284,545 | ||||||
Janus Henderson Group PLC |
122,635 | 4,294,678 | ||||||
Jefferies Financial Group Inc. |
161,161 | 5,294,139 | ||||||
KKR & Co. Inc. |
398,297 | 23,288,426 | ||||||
Lazard Ltd., Class A |
71,562 | 2,468,889 | ||||||
LPL Financial Holdings Inc. |
56,668 | 10,352,110 | ||||||
MarketAxess Holdings Inc. |
26,809 | 9,120,422 | ||||||
Moody’s Corp. |
116,440 | 39,288,020 | ||||||
Morgan Stanley |
948,709 | 82,917,167 | ||||||
Morningstar Inc. |
15,837 | 4,326,193 |
Security | Shares | Value | ||||||
Capital Markets (continued) |
||||||||
MSCI Inc. |
56,880 | $ | 28,603,814 | |||||
Nasdaq Inc. |
84,960 | 15,139,872 | ||||||
Northern Trust Corp. |
149,478 | 17,406,713 | ||||||
Raymond James Financial Inc. |
132,422 | 14,554,502 | ||||||
S&P Global Inc. |
248,820 | 102,060,988 | ||||||
SEI Investments Co. |
77,715 | 4,679,220 | ||||||
State Street Corp. |
261,264 | 22,761,320 | ||||||
Stifel Financial Corp. |
72,614 | 4,930,491 | ||||||
T Rowe Price Group Inc. |
164,151 | 24,817,990 | ||||||
Tradeweb Markets Inc., Class A |
74,688 | 6,562,835 | ||||||
Virtu Financial Inc., Class A |
60,532 | 2,253,001 | ||||||
|
|
|||||||
956,794,326 | ||||||||
Chemicals — 1.3% | ||||||||
Air Products and Chemicals Inc. |
158,684 | 39,656,718 | ||||||
Albemarle Corp. |
82,158 | 18,169,242 | ||||||
Ashland Global Holdings Inc. |
34,428 | 3,388,059 | ||||||
Axalta Coating Systems Ltd.(a) |
135,389 | 3,327,862 | ||||||
Celanese Corp. |
78,318 | 11,189,293 | ||||||
CF Industries Holdings Inc. |
153,333 | 15,802,499 | ||||||
Chemours Co. (The) |
113,476 | 3,572,224 | ||||||
Corteva Inc. |
521,053 | 29,950,126 | ||||||
Diversey Holdings Ltd.(a) |
54,937 | 415,873 | ||||||
Dow Inc. |
529,871 | 33,763,380 | ||||||
DuPont de Nemours Inc. |
369,520 | 27,189,282 | ||||||
Eastman Chemical Co. |
98,508 | 11,038,806 | ||||||
Ecolab Inc. |
179,412 | 31,676,983 | ||||||
Element Solutions Inc. |
165,589 | 3,626,399 | ||||||
FMC Corp. |
92,879 | 12,220,090 | ||||||
Huntsman Corp. |
149,184 | 5,595,892 | ||||||
International Flavors & Fragrances Inc. |
184,612 | 24,245,094 | ||||||
LyondellBasell Industries NV, Class A |
186,249 | 19,150,122 | ||||||
Mosaic Co. (The) |
262,570 | 17,460,905 | ||||||
NewMarket Corp. |
3,775 | 1,224,535 | ||||||
Olin Corp. |
97,542 | 5,099,496 | ||||||
PPG Industries Inc. |
168,062 | 22,027,886 | ||||||
RPM International Inc. |
94,627 | 7,706,423 | ||||||
Scotts Miracle-Gro Co. (The) |
29,280 | 3,600,269 | ||||||
Sherwin-Williams Co. (The) |
173,340 | 43,269,131 | ||||||
Valvoline Inc. |
133,961 | 4,227,809 | ||||||
Westlake Chemical Corp. |
23,724 | 2,927,542 | ||||||
|
|
|||||||
401,521,940 | ||||||||
Commercial Services & Supplies — 0.4% | ||||||||
Cintas Corp. |
62,602 | 26,630,265 | ||||||
Clean Harbors Inc.(a) |
36,170 | 4,038,019 | ||||||
Copart Inc.(a) |
148,818 | 18,672,194 | ||||||
Driven Brands Holdings Inc.(a)(b) |
46,684 | 1,226,856 | ||||||
IAA Inc.(a) |
96,390 | 3,686,917 | ||||||
MSA Safety Inc. |
26,237 | 3,481,650 | ||||||
Republic Services Inc. |
149,776 | 19,845,320 | ||||||
Rollins Inc. |
156,465 | 5,484,098 | ||||||
Stericycle Inc.(a) |
64,615 | 3,807,116 | ||||||
Waste Management Inc. |
302,944 | 48,016,624 | ||||||
|
|
|||||||
134,889,059 | ||||||||
Communications Equipment — 0.8% | ||||||||
Arista Networks Inc.(a) |
171,681 | 23,860,225 | ||||||
Ciena Corp.(a) |
107,588 | 6,523,061 | ||||||
Cisco Systems Inc. |
3,034,040 | 169,178,070 | ||||||
CommScope Holding Co. Inc.(a)(b) |
143,561 | 1,131,261 | ||||||
F5 Inc.(a) |
43,993 | 9,192,337 |
38 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Communications Equipment (continued) |
| |||||||
Juniper Networks Inc. |
228,642 | $ | 8,496,337 | |||||
Lumentum Holdings Inc.(a)(b) |
54,245 | 5,294,312 | ||||||
Motorola Solutions Inc. |
118,265 | 28,643,783 | ||||||
Ubiquiti Inc. |
3,574 | 1,040,606 | ||||||
Viasat Inc.(a)(b) |
55,596 | 2,713,085 | ||||||
|
|
|||||||
256,073,077 | ||||||||
Construction & Engineering — 0.1% | ||||||||
AECOM |
93,748 | 7,200,784 | ||||||
MasTec Inc.(a) |
43,195 | 3,762,285 | ||||||
MDU Resources Group Inc. |
149,308 | 3,979,058 | ||||||
Quanta Services Inc. |
99,499 | 13,095,063 | ||||||
Valmont Industries Inc. |
15,245 | 3,637,457 | ||||||
|
|
|||||||
31,674,647 | ||||||||
Construction Materials — 0.1% | ||||||||
Eagle Materials Inc. |
27,633 | 3,546,972 | ||||||
Martin Marietta Materials Inc. |
44,183 | 17,005,595 | ||||||
Vulcan Materials Co. |
95,725 | 17,584,682 | ||||||
|
|
|||||||
38,137,249 | ||||||||
Consumer Finance — 0.6% | ||||||||
Ally Financial Inc. |
240,902 | 10,474,419 | ||||||
American Express Co. |
441,938 | 82,642,406 | ||||||
Capital One Financial Corp. |
295,764 | 38,830,856 | ||||||
Credit Acceptance Corp.(a)(b) |
5,159 | 2,839,359 | ||||||
Discover Financial Services |
206,970 | 22,806,024 | ||||||
OneMain Holdings Inc. |
73,550 | 3,487,005 | ||||||
SLM Corp. |
193,991 | 3,561,675 | ||||||
Synchrony Financial |
374,058 | 13,020,959 | ||||||
Upstart Holdings Inc.(a)(b) |
34,345 | 3,746,696 | ||||||
|
|
|||||||
181,409,399 | ||||||||
Containers & Packaging — 0.4% | ||||||||
Amcor PLC |
1,082,070 | 12,259,853 | ||||||
AptarGroup Inc. |
46,456 | 5,458,580 | ||||||
Ardagh Group SA(a) |
12,001 | 201,677 | ||||||
Ardagh Metal Packaging SA(a)(b) |
64,028 | 520,547 | ||||||
Avery Dennison Corp. |
60,272 | 10,485,520 | ||||||
Ball Corp. |
228,131 | 20,531,790 | ||||||
Berry Global Group Inc.(a) |
99,303 | 5,755,602 | ||||||
Crown Holdings Inc. |
88,235 | 11,037,316 | ||||||
Graphic Packaging Holding Co. |
194,474 | 3,897,259 | ||||||
International Paper Co. |
283,136 | 13,066,726 | ||||||
Packaging Corp. of America |
67,299 | 10,506,047 | ||||||
Sealed Air Corp. |
110,053 | 7,369,149 | ||||||
Silgan Holdings Inc. |
57,491 | 2,657,809 | ||||||
Sonoco Products Co. |
74,003 | 4,629,628 | ||||||
Westrock Co. |
182,627 | 8,588,948 | ||||||
|
|
|||||||
116,966,451 | ||||||||
Distributors — 0.1% | ||||||||
Genuine Parts Co. |
101,075 | 12,737,472 | ||||||
LKQ Corp. |
192,728 | 8,751,778 | ||||||
Pool Corp. |
27,960 | 11,822,886 | ||||||
|
|
|||||||
33,312,136 | ||||||||
Diversified Consumer Services — 0.1% | ||||||||
ADT Inc. |
102,181 | 775,554 | ||||||
Bright Horizons Family Solutions Inc.(a)(b) |
43,188 | 5,730,616 | ||||||
Chegg Inc.(a)(b) |
93,860 | 3,405,241 | ||||||
frontdoor Inc.(a) |
59,052 | 1,762,702 | ||||||
Grand Canyon Education Inc.(a)(b) |
29,410 | 2,856,005 | ||||||
H&R Block Inc. |
114,890 | 2,991,736 |
Security | Shares | Value | ||||||
Diversified Consumer Services (continued) |
| |||||||
Mister Car Wash Inc.(a)(b) |
54,902 | $ | 812,001 | |||||
Service Corp. International |
119,314 | 7,853,247 | ||||||
Terminix Global Holdings Inc.(a) |
85,048 | 3,880,740 | ||||||
|
|
|||||||
30,067,842 | ||||||||
Diversified Financial Services — 1.6% | ||||||||
Apollo Global Management Inc. |
264,812 | 16,415,696 | ||||||
Berkshire Hathaway Inc., Class B(a) |
1,316,903 | 464,748,238 | ||||||
Equitable Holdings Inc. |
243,668 | 7,531,778 | ||||||
Voya Financial Inc. |
75,250 | 4,992,837 | ||||||
|
|
|||||||
493,688,549 | ||||||||
Diversified Telecommunication Services — 0.9% | ||||||||
AT&T Inc. |
5,128,398 | 121,184,045 | ||||||
Lumen Technologies Inc. |
756,507 | 8,525,834 | ||||||
Verizon Communications Inc. |
3,016,648 | 153,668,049 | ||||||
|
|
|||||||
283,377,928 | ||||||||
Electric Utilities — 1.7% | ||||||||
Alliant Energy Corp. |
181,486 | 11,339,245 | ||||||
American Electric Power Co. Inc. |
359,141 | 35,831,498 | ||||||
Avangrid Inc. |
40,884 | 1,910,918 | ||||||
Constellation Energy Corp. |
233,989 | 13,161,881 | ||||||
Duke Energy Corp. |
551,258 | 61,553,468 | ||||||
Edison International |
265,962 | 18,643,936 | ||||||
Entergy Corp. |
144,149 | 16,829,396 | ||||||
Evergy Inc. |
163,762 | 11,191,495 | ||||||
Eversource Energy |
244,509 | 21,563,249 | ||||||
Exelon Corp. |
701,978 | 33,435,212 | ||||||
FirstEnergy Corp. |
391,815 | 17,968,636 | ||||||
Hawaiian Electric Industries Inc. |
73,065 | 3,091,380 | ||||||
IDACORP Inc. |
38,450 | 4,435,592 | ||||||
NextEra Energy Inc. |
1,407,873 | 119,260,922 | ||||||
NRG Energy Inc. |
169,503 | 6,502,135 | ||||||
OGE Energy Corp. |
141,976 | 5,789,781 | ||||||
PG&E Corp.(a) |
1,430,656 | 17,082,033 | ||||||
Pinnacle West Capital Corp. |
81,803 | 6,388,815 | ||||||
PPL Corp. |
548,921 | 15,677,184 | ||||||
Southern Co. (The) |
759,314 | 55,057,858 | ||||||
Xcel Energy Inc. |
385,830 | 27,845,351 | ||||||
|
|
|||||||
504,559,985 | ||||||||
Electrical Equipment — 0.6% | ||||||||
Acuity Brands Inc.(b) |
26,130 | 4,946,409 | ||||||
AMETEK Inc. |
164,274 | 21,878,011 | ||||||
ChargePoint Holdings Inc.(a)(b) |
177,131 | 3,521,364 | ||||||
Eaton Corp. PLC |
285,755 | 43,366,179 | ||||||
Emerson Electric Co. |
428,188 | 41,983,833 | ||||||
Fluence Energy Inc.(a)(b) |
24,270 | 318,180 | ||||||
Generac Holdings Inc.(a) |
44,161 | 13,127,299 | ||||||
Hubbell Inc. |
38,654 | 7,103,446 | ||||||
nVent Electric PLC |
119,135 | 4,143,515 | ||||||
Plug Power Inc.(a)(b) |
373,872 | 10,696,478 | ||||||
Regal Rexnord Corp. |
48,327 | 7,190,091 | ||||||
Rockwell Automation Inc. |
82,439 | 23,085,393 | ||||||
Sensata Technologies Holding PLC(a)(b) |
111,314 | 5,660,317 | ||||||
Shoals Technologies Group Inc., Class A(a)(b) |
73,961 | 1,260,296 | ||||||
Sunrun Inc.(a)(b) |
141,120 | 4,285,814 | ||||||
Vertiv Holdings Co. |
229,779 | 3,216,906 | ||||||
|
|
|||||||
195,783,531 | ||||||||
Electronic Equipment, Instruments & Components — 0.6% | ||||||||
Amphenol Corp., Class A |
416,515 | 31,384,405 | ||||||
Arrow Electronics Inc.(a) |
49,986 | 5,929,839 |
S C H E D U L E O F I N V E S T M E N T S |
39 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Electronic Equipment, Instruments & Components (continued) |
| |||||||
Avnet Inc. |
70,129 | $ | 2,846,536 | |||||
CDW Corp./DE |
98,162 | 17,560,200 | ||||||
Cognex Corp. |
120,266 | 9,278,522 | ||||||
Coherent Inc.(a)(b) |
17,429 | 4,764,391 | ||||||
Corning Inc. |
543,588 | 20,063,833 | ||||||
IPG Photonics Corp.(a) |
24,139 | 2,649,497 | ||||||
Jabil Inc. |
100,522 | 6,205,223 | ||||||
Keysight Technologies Inc.(a) |
130,754 | 20,655,209 | ||||||
Littelfuse Inc. |
16,558 | 4,129,731 | ||||||
National Instruments Corp. |
90,430 | 3,670,554 | ||||||
TD SYNNEX Corp. |
30,027 | 3,099,087 | ||||||
Teledyne Technologies Inc.(a) |
33,247 | 15,713,530 | ||||||
Trimble Inc.(a) |
181,083 | 13,063,328 | ||||||
Vontier Corp.(b) |
120,056 | 3,048,222 | ||||||
Zebra Technologies Corp., Class A(a) |
37,738 | 15,612,210 | ||||||
|
|
|||||||
179,674,317 | ||||||||
Energy Equipment & Services — 0.3% | ||||||||
Baker Hughes Co. |
528,640 | 19,247,783 | ||||||
Halliburton Co. |
634,900 | 24,043,663 | ||||||
NOV Inc. |
279,189 | 5,474,896 | ||||||
Schlumberger NV |
1,003,975 | 41,474,207 | ||||||
|
|
|||||||
90,240,549 | ||||||||
Entertainment — 1.4% | ||||||||
Activision Blizzard Inc. |
552,617 | 44,270,148 | ||||||
Electronic Arts Inc. |
200,568 | 25,373,858 | ||||||
Liberty Media Corp.-Liberty Formula One, Class A(a)(b) |
15,635 | 987,037 | ||||||
Liberty Media Corp.-Liberty Formula One, Class C, NVS(a) |
146,327 | 10,219,478 | ||||||
Live Nation Entertainment Inc.(a) |
98,795 | 11,622,244 | ||||||
Madison Square Garden Sports Corp.(a)(b) |
12,655 | 2,269,801 | ||||||
Netflix Inc.(a) |
310,082 | 116,153,616 | ||||||
Playtika Holding Corp.(a)(b) |
74,322 | 1,436,644 | ||||||
Roku Inc.(a)(b) |
82,358 | 10,316,986 | ||||||
Skillz Inc.(a)(b) |
148,172 | 444,516 | ||||||
Spotify Technology SA(a) |
99,291 | 14,994,927 | ||||||
Take-Two Interactive Software Inc.(a)(b) |
83,023 | 12,763,956 | ||||||
Walt Disney Co. (The)(a) |
1,303,573 | 178,798,073 | ||||||
World Wrestling Entertainment Inc., Class A |
33,752 | 2,107,475 | ||||||
Zynga Inc., Class A(a) |
734,350 | 6,785,394 | ||||||
|
|
|||||||
438,544,153 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 3.2% | ||||||||
Alexandria Real Estate Equities Inc. |
119,762 | 24,102,103 | ||||||
American Campus Communities Inc. |
98,532 | 5,514,836 | ||||||
American Homes 4 Rent, Class A |
212,193 | 8,494,086 | ||||||
American Tower Corp. |
324,916 | 81,625,398 | ||||||
Americold Realty Trust |
187,288 | 5,221,589 | ||||||
Apartment Income REIT Corp. |
111,938 | 5,984,206 | ||||||
AvalonBay Communities Inc. |
99,504 | 24,713,809 | ||||||
Boston Properties Inc. |
112,508 | 14,491,030 | ||||||
Brixmor Property Group Inc. |
211,853 | 5,467,926 | ||||||
Camden Property Trust |
69,619 | 11,570,678 | ||||||
Cousins Properties Inc. |
105,059 | 4,232,827 | ||||||
Crown Castle International Corp. |
309,087 | 57,057,460 | ||||||
CubeSmart |
156,451 | 8,140,146 | ||||||
Digital Realty Trust Inc. |
201,870 | 28,625,166 | ||||||
Douglas Emmett Inc. |
112,464 | 3,758,547 | ||||||
Duke Realty Corp. |
273,091 | 15,855,663 | ||||||
EPR Properties |
52,927 | 2,895,636 |
Security | Shares | Value | ||||||
Equity Real Estate Investment Trusts (REITs) (continued) |
|
|||||||
Equinix Inc. |
64,066 | $ | 47,512,627 | |||||
Equity LifeStyle Properties Inc. |
127,229 | 9,730,474 | ||||||
Equity Residential |
264,345 | 23,769,902 | ||||||
Essex Property Trust Inc. |
46,219 | 15,967,740 | ||||||
Extra Space Storage Inc. |
93,079 | 19,137,042 | ||||||
Federal Realty Investment Trust |
56,360 | 6,879,865 | ||||||
First Industrial Realty Trust Inc. |
91,385 | 5,657,645 | ||||||
Gaming and Leisure Properties Inc. |
172,154 | 8,079,187 | ||||||
Healthcare Trust of America Inc., Class A |
147,929 | 4,636,095 | ||||||
Healthpeak Properties Inc. |
390,657 | 13,411,255 | ||||||
Highwoods Properties Inc. |
77,052 | 3,524,359 | ||||||
Host Hotels & Resorts Inc. |
521,502 | 10,132,784 | ||||||
Hudson Pacific Properties Inc. |
110,887 | 3,077,114 | ||||||
Invitation Homes Inc. |
434,255 | 17,448,366 | ||||||
Iron Mountain Inc. |
201,496 | 11,164,893 | ||||||
JBG SMITH Properties |
85,392 | 2,495,154 | ||||||
Kilroy Realty Corp. |
82,980 | 6,341,332 | ||||||
Kimco Realty Corp. |
406,943 | 10,051,492 | ||||||
Lamar Advertising Co., Class A |
61,618 | 7,158,779 | ||||||
Life Storage Inc. |
60,469 | 8,491,662 | ||||||
Medical Properties Trust Inc. |
422,651 | 8,934,842 | ||||||
Mid-America Apartment Communities Inc. |
83,098 | 17,404,876 | ||||||
National Retail Properties Inc. |
131,440 | 5,906,914 | ||||||
Omega Healthcare Investors Inc. |
165,733 | 5,164,240 | ||||||
Orion Office REIT Inc. |
39,514 | 553,196 | ||||||
Park Hotels & Resorts Inc. |
165,024 | 3,222,919 | ||||||
Prologis Inc. |
528,706 | 85,375,445 | ||||||
Public Storage |
108,467 | 42,332,501 | ||||||
Rayonier Inc. |
101,351 | 4,167,553 | ||||||
Realty Income Corp. |
406,843 | 28,194,220 | ||||||
Regency Centers Corp. |
123,707 | 8,825,257 | ||||||
Rexford Industrial Realty Inc. |
115,536 | 8,617,830 | ||||||
SBA Communications Corp. |
77,122 | 26,537,680 | ||||||
Simon Property Group Inc. |
232,531 | 30,591,778 | ||||||
SL Green Realty Corp. |
51,544 | 4,184,342 | ||||||
Spirit Realty Capital Inc. |
94,571 | 4,352,157 | ||||||
STORE Capital Corp. |
167,251 | 4,888,747 | ||||||
Sun Communities Inc. |
83,600 | 14,654,244 | ||||||
UDR Inc. |
227,607 | 13,057,814 | ||||||
Ventas Inc. |
282,587 | 17,452,573 | ||||||
VICI Properties Inc. |
460,626 | 13,109,416 | ||||||
Vornado Realty Trust |
121,443 | 5,503,797 | ||||||
Welltower Inc. |
312,355 | 30,029,810 | ||||||
Weyerhaeuser Co. |
544,517 | 20,637,194 | ||||||
WP Carey Inc. |
136,049 | 10,998,201 | ||||||
|
|
|||||||
957,116,419 | ||||||||
Food & Staples Retailing — 1.4% | ||||||||
Albertsons Companies Inc., Class A |
119,585 | 3,976,201 | ||||||
Casey’s General Stores Inc. |
26,524 | 5,256,261 | ||||||
Costco Wholesale Corp. |
317,403 | 182,776,518 | ||||||
Grocery Outlet Holding Corp.(a)(b) |
62,190 | 2,038,588 | ||||||
Kroger Co. (The) |
522,898 | 29,998,658 | ||||||
Sysco Corp. |
365,752 | 29,863,651 | ||||||
U.S. Foods Holding Corp.(a)(b) |
157,210 | 5,915,813 | ||||||
Walgreens Boots Alliance Inc. |
512,217 | 22,931,955 | ||||||
Walmart Inc. |
1,015,411 | 151,215,006 | ||||||
|
|
|||||||
433,972,651 | ||||||||
Food Products — 1.0% | ||||||||
Archer-Daniels-Midland Co. |
397,726 | 35,898,749 |
40 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Food Products (continued) |
||||||||
Beyond Meat Inc.(a)(b) |
40,871 | $ | 1,974,478 | |||||
Bunge Ltd. |
100,831 | 11,173,083 | ||||||
Campbell Soup Co. |
134,425 | 5,991,322 | ||||||
Conagra Brands Inc. |
334,209 | 11,219,396 | ||||||
Darling Ingredients Inc.(a) |
117,938 | 9,479,856 | ||||||
Flowers Foods Inc. |
142,923 | 3,674,550 | ||||||
Freshpet Inc.(a)(b) |
29,253 | 3,002,528 | ||||||
General Mills Inc. |
434,283 | 29,409,645 | ||||||
Hain Celestial Group Inc. (The)(a) |
55,164 | 1,897,642 | ||||||
Hershey Co. (The) |
106,159 | 22,997,224 | ||||||
Hormel Foods Corp. |
208,407 | 10,741,297 | ||||||
Ingredion Inc. |
47,981 | 4,181,544 | ||||||
JM Smucker Co. (The) |
73,893 | 10,005,851 | ||||||
Kellogg Co. |
182,485 | 11,768,458 | ||||||
Kraft Heinz Co. (The) |
499,212 | 19,663,961 | ||||||
Lamb Weston Holdings Inc. |
104,430 | 6,256,401 | ||||||
McCormick & Co. Inc./MD, NVS |
178,284 | 17,792,743 | ||||||
Mondelez International Inc., Class A |
992,134 | 62,286,173 | ||||||
Pilgrim’s Pride Corp.(a) |
34,175 | 857,793 | ||||||
Post Holdings Inc.(a) |
44,987 | 3,115,800 | ||||||
Seaboard Corp. |
129 | 542,508 | ||||||
Tyson Foods Inc., Class A |
206,710 | 18,527,417 | ||||||
|
|
|||||||
302,458,419 | ||||||||
Gas Utilities — 0.1% | ||||||||
Atmos Energy Corp. |
96,400 | 11,518,836 | ||||||
National Fuel Gas Co. |
64,501 | 4,431,219 | ||||||
UGI Corp. |
150,679 | 5,457,593 | ||||||
|
|
|||||||
21,407,648 | ||||||||
Health Care Equipment & Supplies — 2.8% | ||||||||
Abbott Laboratories |
1,247,028 | 147,598,234 | ||||||
ABIOMED Inc.(a) |
31,913 | 10,570,862 | ||||||
Align Technology Inc.(a) |
56,376 | 24,579,936 | ||||||
Baxter International Inc. |
358,950 | 27,832,983 | ||||||
Becton Dickinson and Co. |
204,542 | 54,408,172 | ||||||
Boston Scientific Corp.(a) |
1,020,629 | 45,203,658 | ||||||
Cooper Companies Inc. (The)(b) |
34,466 | 14,392,657 | ||||||
DENTSPLY SIRONA Inc. |
158,970 | 7,824,503 | ||||||
Dexcom Inc.(a)(b) |
69,153 | 35,378,675 | ||||||
Edwards Lifesciences Corp.(a) |
443,503 | 52,209,173 | ||||||
Envista Holdings Corp.(a)(b) |
115,073 | 5,605,206 | ||||||
Figs Inc., Class A(a)(b) |
54,286 | 1,168,235 | ||||||
Globus Medical Inc., Class A(a) |
53,760 | 3,966,413 | ||||||
Hologic Inc.(a) |
176,702 | 13,574,248 | ||||||
ICU Medical Inc.(a)(b) |
15,366 | 3,421,086 | ||||||
IDEXX Laboratories Inc.(a) |
60,677 | 33,193,960 | ||||||
Insulet Corp.(a) |
47,668 | 12,698,278 | ||||||
Integra LifeSciences Holdings Corp.(a) |
50,677 | 3,256,504 | ||||||
Intuitive Surgical Inc.(a) |
254,007 | 76,628,832 | ||||||
Masimo Corp.(a) |
36,735 | 5,346,412 | ||||||
Medtronic PLC |
963,831 | 106,937,049 | ||||||
Novocure Ltd.(a)(b) |
73,393 | 6,080,610 | ||||||
Penumbra Inc.(a) |
23,589 | 5,239,824 | ||||||
Quidel Corp.(a) |
24,172 | 2,718,383 | ||||||
ResMed Inc. |
102,970 | 24,971,255 | ||||||
STERIS PLC |
62,317 | 15,066,381 | ||||||
Stryker Corp. |
250,151 | 66,877,870 | ||||||
Tandem Diabetes Care Inc.(a) |
45,341 | 5,272,705 | ||||||
Teleflex Inc. |
33,460 | 11,872,612 | ||||||
Zimmer Biomet Holdings Inc. |
150,438 | 19,241,020 |
Security | Shares | Value | ||||||
Health Care Equipment & Supplies (continued) |
| |||||||
Zimvie Inc.(a) |
14,802 | $ | 338,078 | |||||
|
|
|||||||
843,473,814 | ||||||||
Health Care Providers & Services — 2.8% | ||||||||
Acadia Healthcare Co. Inc.(a)(b) |
62,377 | 4,087,565 | ||||||
agilon health Inc.(a)(b) |
119,327 | 3,024,939 | ||||||
Amedisys Inc.(a) |
22,882 | 3,942,340 | ||||||
AmerisourceBergen Corp. |
106,120 | 16,417,825 | ||||||
Anthem Inc. |
175,683 | 86,299,003 | ||||||
Cardinal Health Inc. |
196,358 | 11,133,499 | ||||||
Centene Corp.(a) |
416,175 | 35,037,773 | ||||||
Chemed Corp. |
10,895 | 5,518,862 | ||||||
Cigna Corp. |
233,461 | 55,939,590 | ||||||
CVS Health Corp. |
944,952 | 95,638,592 | ||||||
DaVita Inc.(a) |
45,462 | 5,142,207 | ||||||
Encompass Health Corp. |
73,856 | 5,251,900 | ||||||
Guardant Health Inc.(a)(b) |
60,073 | 3,979,236 | ||||||
HCA Healthcare Inc. |
175,685 | 44,030,175 | ||||||
Henry Schein Inc.(a)(b) |
101,129 | 8,817,438 | ||||||
Humana Inc. |
92,553 | 40,276,289 | ||||||
Laboratory Corp. of America Holdings(a) |
66,977 | 17,659,156 | ||||||
McKesson Corp. |
107,946 | 33,045,509 | ||||||
Molina Healthcare Inc.(a) |
41,955 | 13,995,768 | ||||||
Oak Street Health Inc.(a)(b) |
64,004 | 1,720,428 | ||||||
Premier Inc., Class A |
78,980 | 2,810,898 | ||||||
Quest Diagnostics Inc. |
89,247 | 12,214,344 | ||||||
Signify Health Inc., Class A(a)(b) |
45,102 | 818,601 | ||||||
UnitedHealth Group Inc. |
675,418 | 344,442,917 | ||||||
Universal Health Services Inc., Class B(b) |
52,288 | 7,579,146 | ||||||
|
|
|||||||
858,824,000 | ||||||||
Health Care Technology — 0.2% | ||||||||
Cerner Corp. |
210,250 | 19,670,990 | ||||||
Certara Inc.(a)(b) |
91,452 | 1,964,389 | ||||||
Change Healthcare Inc.(a) |
179,067 | 3,903,661 | ||||||
Definitive Healthcare Corp.(a)(b) |
25,380 | 625,617 | ||||||
Teladoc Health Inc.(a)(b) |
108,349 | 7,815,213 | ||||||
Veeva Systems Inc., Class A(a) |
100,538 | 21,360,303 | ||||||
|
|
|||||||
55,340,173 | ||||||||
Hotels, Restaurants & Leisure — 1.9% | ||||||||
Aramark |
166,388 | 6,256,189 | ||||||
Booking Holdings Inc.(a) |
29,412 | 69,072,611 | ||||||
Boyd Gaming Corp. |
55,833 | 3,672,695 | ||||||
Caesars Entertainment Inc.(a) |
149,622 | 11,574,758 | ||||||
Carnival Corp.(a) |
624,380 | 12,624,964 | ||||||
Chipotle Mexican Grill Inc.(a) |
20,177 | 31,920,619 | ||||||
Choice Hotels International Inc. |
25,679 | 3,640,255 | ||||||
Churchill Downs Inc. |
27,588 | 6,118,467 | ||||||
Darden Restaurants Inc. |
89,832 | 11,943,164 | ||||||
Domino’s Pizza Inc. |
26,395 | 10,743,029 | ||||||
DraftKings Inc., Class A(a)(b) |
208,092 | 4,051,551 | ||||||
Expedia Group Inc.(a) |
105,313 | 20,606,595 | ||||||
Hilton Worldwide Holdings Inc.(a) |
195,488 | 29,663,349 | ||||||
Hyatt Hotels Corp., Class A(a) |
34,480 | 3,291,116 | ||||||
Las Vegas Sands Corp.(a) |
237,046 | 9,213,978 | ||||||
Marriott International Inc./MD, Class A(a) |
196,378 | 34,513,433 | ||||||
Marriott Vacations Worldwide Corp. |
28,478 | 4,490,981 | ||||||
McDonald’s Corp. |
536,187 | 132,588,321 | ||||||
MGM Resorts International(b) |
270,644 | 11,350,809 | ||||||
Norwegian Cruise Line Holdings Ltd.(a)(b) |
260,142 | 5,691,907 | ||||||
Penn National Gaming Inc.(a) |
114,821 | 4,870,707 |
S C H E D U L E O F I N V E S T M E N T S |
41 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Hotels, Restaurants & Leisure (continued) |
||||||||
Planet Fitness Inc., Class A(a) |
59,589 | $ | 5,034,079 | |||||
Royal Caribbean Cruises Ltd.(a)(b) |
156,894 | 13,144,579 | ||||||
Six Flags Entertainment Corp.(a) |
54,747 | 2,381,495 | ||||||
Starbucks Corp. |
828,176 | 75,339,171 | ||||||
Travel + Leisure Co. |
60,609 | 3,511,685 | ||||||
Vail Resorts Inc. |
29,646 | 7,715,964 | ||||||
Wendy’s Co. (The) |
127,650 | 2,804,471 | ||||||
Wyndham Hotels & Resorts Inc. |
63,230 | 5,354,949 | ||||||
Wynn Resorts Ltd.(a) |
78,266 | 6,240,931 | ||||||
Yum China Holdings Inc. |
304,949 | 12,667,581 | ||||||
Yum! Brands Inc. |
207,561 | 24,602,205 | ||||||
|
|
|||||||
586,696,608 | ||||||||
Household Durables — 0.3% | ||||||||
DR Horton Inc. |
237,427 | 17,690,686 | ||||||
Garmin Ltd. |
109,200 | 12,952,212 | ||||||
Leggett & Platt Inc. |
93,121 | 3,240,611 | ||||||
Lennar Corp., Class A |
185,031 | 15,018,966 | ||||||
Lennar Corp., Class B |
11,861 | 810,699 | ||||||
Mohawk Industries Inc.(a) |
40,478 | 5,027,368 | ||||||
Newell Brands Inc. |
263,309 | 5,637,446 | ||||||
NVR Inc.(a) |
2,294 | 10,247,917 | ||||||
PulteGroup Inc. |
173,889 | 7,285,949 | ||||||
Tempur Sealy International Inc. |
127,210 | 3,551,703 | ||||||
Toll Brothers Inc. |
73,628 | 3,461,989 | ||||||
TopBuild Corp.(a) |
23,936 | 4,341,751 | ||||||
Whirlpool Corp. |
40,744 | 7,039,748 | ||||||
|
|
|||||||
96,307,045 | ||||||||
Household Products — 1.2% | ||||||||
Church & Dwight Co. Inc. |
174,145 | 17,306,530 | ||||||
Clorox Co. (The) |
86,367 | 12,007,604 | ||||||
Colgate-Palmolive Co. |
598,670 | 45,397,146 | ||||||
Kimberly-Clark Corp. |
242,474 | 29,863,098 | ||||||
Procter & Gamble Co. (The) |
1,727,857 | 264,016,550 | ||||||
Reynolds Consumer Products Inc. |
31,674 | 929,315 | ||||||
Spectrum Brands Holdings Inc. |
27,442 | 2,434,654 | ||||||
|
|
|||||||
371,954,897 | ||||||||
Independent Power and Renewable Electricity Producers — 0.1% | ||||||||
AES Corp. (The) |
478,923 | 12,322,689 | ||||||
Brookfield Renewable Corp., Class A |
88,486 | 3,875,687 | ||||||
Vistra Corp. |
341,529 | 7,940,549 | ||||||
|
|
|||||||
24,138,925 | ||||||||
Industrial Conglomerates — 0.9% | ||||||||
3M Co. |
409,581 | 60,978,419 | ||||||
General Electric Co. |
782,996 | 71,644,134 | ||||||
Honeywell International Inc. |
491,958 | 95,725,188 | ||||||
Roper Technologies Inc. |
75,244 | 35,532,474 | ||||||
|
|
|||||||
263,880,215 | ||||||||
Insurance — 2.2% | ||||||||
Aflac Inc. |
462,988 | 29,811,797 | ||||||
Alleghany Corp.(a) |
9,597 | 8,128,659 | ||||||
Allstate Corp. (The) |
201,375 | 27,892,451 | ||||||
American Financial Group Inc./OH |
46,941 | 6,835,548 | ||||||
American International Group Inc. |
594,540 | 37,319,276 | ||||||
Aon PLC, Class A |
156,444 | 50,942,860 | ||||||
Arch Capital Group Ltd.(a) |
272,198 | 13,179,827 | ||||||
Arthur J Gallagher & Co. |
146,613 | 25,598,630 | ||||||
Assurant Inc. |
39,373 | 7,159,193 | ||||||
Assured Guaranty Ltd. |
48,170 | 3,066,502 | ||||||
Axis Capital Holdings Ltd. |
58,554 | 3,540,760 |
Security | Shares | Value | ||||||
Insurance (continued) |
||||||||
Brighthouse Financial Inc.(a) |
59,031 | $ | 3,049,542 | |||||
Brown & Brown Inc. |
167,820 | 12,128,351 | ||||||
Chubb Ltd. |
307,780 | 65,834,142 | ||||||
Cincinnati Financial Corp. |
108,115 | 14,699,315 | ||||||
CNA Financial Corp. |
18,874 | 917,654 | ||||||
Erie Indemnity Co., Class A, NVS |
17,502 | 3,082,627 | ||||||
Everest Re Group Ltd. |
27,555 | 8,304,526 | ||||||
Fidelity National Financial Inc. |
195,113 | 9,529,319 | ||||||
First American Financial Corp. |
80,199 | 5,198,499 | ||||||
Globe Life Inc. |
69,421 | 6,983,753 | ||||||
GoHealth Inc., Class A(a)(b) |
220,031 | 259,637 | ||||||
Hanover Insurance Group Inc. (The) |
23,902 | 3,573,827 | ||||||
Hartford Financial Services Group Inc. (The) |
238,972 | 17,160,579 | ||||||
Kemper Corp. |
39,143 | 2,213,145 | ||||||
Lemonade Inc.(a)(b) |
17,642 | 465,220 | ||||||
Lincoln National Corp. |
130,033 | 8,498,957 | ||||||
Loews Corp. |
150,405 | 9,749,252 | ||||||
Markel Corp.(a) |
9,654 | 14,241,967 | ||||||
Marsh & McLennan Companies Inc. |
364,424 | 62,105,138 | ||||||
Mercury General Corp. |
19,047 | 1,047,585 | ||||||
MetLife Inc. |
502,830 | 35,338,892 | ||||||
Old Republic International Corp. |
210,799 | 5,453,370 | ||||||
Primerica Inc. |
28,979 | 3,964,907 | ||||||
Principal Financial Group Inc. |
185,578 | 13,623,281 | ||||||
Progressive Corp. (The) |
419,288 | 47,794,639 | ||||||
Prudential Financial Inc. |
273,286 | 32,294,207 | ||||||
Reinsurance Group of America Inc. |
45,570 | 4,988,092 | ||||||
RenaissanceRe Holdings Ltd. |
32,950 | 5,222,905 | ||||||
Travelers Companies Inc. (The) |
173,400 | 31,685,382 | ||||||
Unum Group |
137,477 | 4,331,900 | ||||||
W R Berkley Corp. |
150,723 | 10,036,645 | ||||||
White Mountains Insurance Group Ltd.(b) |
2,098 | 2,383,832 | ||||||
Willis Towers Watson PLC |
90,033 | 21,267,595 | ||||||
|
|
|||||||
680,904,185 | ||||||||
Interactive Media & Services — 5.2% | ||||||||
Alphabet Inc., Class A(a) |
215,952 | 600,638,095 | ||||||
Alphabet Inc., Class C, NVS(a) |
198,618 | 554,738,088 | ||||||
IAC/InterActiveCorp.(a)(b) |
53,440 | 5,358,963 | ||||||
Match Group Inc.(a) |
203,617 | 22,141,313 | ||||||
Meta Platforms Inc, Class A(a) |
1,655,935 | 368,213,707 | ||||||
Pinterest Inc., Class A(a) |
417,738 | 10,280,532 | ||||||
TripAdvisor Inc.(a) |
73,046 | 1,981,007 | ||||||
Twitter Inc.(a) |
555,449 | 21,490,322 | ||||||
Vimeo Inc.(a)(b) |
102,847 | 1,221,822 | ||||||
|
|
|||||||
1,586,063,849 | ||||||||
Internet & Direct Marketing Retail — 3.5% | ||||||||
Amazon.com Inc.(a) |
311,627 | 1,015,888,439 | ||||||
DoorDash Inc., Class A(a)(b) |
105,245 | 12,333,662 | ||||||
eBay Inc. |
453,308 | 25,956,416 | ||||||
Etsy Inc.(a) |
89,447 | 11,116,473 | ||||||
Qurate Retail Inc., Series A |
297,208 | 1,414,710 | ||||||
Wayfair Inc., Class A(a)(b) |
53,044 | 5,876,214 | ||||||
|
|
|||||||
1,072,585,914 | ||||||||
IT Services — 4.6% | ||||||||
Accenture PLC, Class A |
456,575 | 153,970,787 | ||||||
Akamai Technologies Inc.(a)(b) |
115,079 | 13,739,282 | ||||||
Alliance Data Systems Corp. |
38,513 | 2,162,505 | ||||||
Amdocs Ltd. |
88,408 | 7,268,022 | ||||||
Automatic Data Processing Inc. |
301,782 | 68,667,476 |
42 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
IT Services (continued) |
||||||||
Block Inc.(a)(b) |
344,163 | $ | 46,668,503 | |||||
Broadridge Financial Solutions Inc. |
82,983 | 12,921,283 | ||||||
Cloudflare Inc., Class A(a) |
188,415 | 22,553,276 | ||||||
Cognizant Technology Solutions Corp., Class A |
375,923 | 33,709,015 | ||||||
Concentrix Corp. |
31,550 | 5,254,968 | ||||||
DXC Technology Co.(a) |
175,201 | 5,716,809 | ||||||
EPAM Systems Inc.(a) |
38,542 | 11,431,943 | ||||||
Euronet Worldwide Inc.(a)(b) |
37,149 | 4,834,942 | ||||||
Fastly Inc., Class A(a)(b) |
87,135 | 1,514,406 | ||||||
Fidelity National Information Services Inc. |
437,768 | 43,960,663 | ||||||
Fiserv Inc.(a) |
429,346 | 43,535,684 | ||||||
FleetCor Technologies Inc.(a) |
58,039 | 14,455,193 | ||||||
Gartner Inc.(a) |
58,252 | 17,327,640 | ||||||
Genpact Ltd. |
127,206 | 5,534,733 | ||||||
Global Payments Inc. |
202,833 | 27,755,668 | ||||||
Globant SA(a)(b) |
28,933 | 7,582,471 | ||||||
GoDaddy Inc., Class A(a) |
119,507 | 10,002,736 | ||||||
International Business Machines Corp. |
641,025 | 83,346,070 | ||||||
Jack Henry & Associates Inc. |
52,058 | 10,258,029 | ||||||
Kyndryl Holdings Inc.(a) |
160,351 | 2,103,805 | ||||||
Mastercard Inc., Class A |
619,793 | 221,501,622 | ||||||
MongoDB Inc.(a) |
45,523 | 20,193,548 | ||||||
Okta Inc.(a) |
90,315 | 13,633,952 | ||||||
Paychex Inc. |
229,649 | 31,340,199 | ||||||
PayPal Holdings Inc.(a) |
843,639 | 97,566,850 | ||||||
Paysafe Ltd.(a)(b) |
257,879 | 874,210 | ||||||
Sabre Corp.(a) |
229,755 | 2,626,100 | ||||||
Shift4 Payments Inc., Class A(a)(b) |
28,475 | 1,763,457 | ||||||
Snowflake Inc., Class A(a) |
144,642 | 33,141,821 | ||||||
SolarWinds Corp. |
24,758 | 329,529 | ||||||
StoneCo Ltd., Class A(a) |
158,225 | 1,851,233 | ||||||
Switch Inc., Class A |
81,585 | 2,514,450 | ||||||
Thoughtworks Holding Inc.(a)(b) |
16,994 | 353,645 | ||||||
Twilio Inc., Class A(a) |
119,331 | 19,666,942 | ||||||
VeriSign Inc.(a) |
70,781 | 15,745,941 | ||||||
Visa Inc., Class A |
1,191,321 | 264,199,258 | ||||||
Western Union Co. (The) |
281,490 | 5,275,123 | ||||||
WEX Inc.(a) |
31,968 | 5,704,690 | ||||||
Wix.com Ltd.(a) |
38,194 | 3,989,745 | ||||||
|
|
|||||||
1,398,548,224 | ||||||||
Leisure Products — 0.1% | ||||||||
Brunswick Corp./DE |
57,271 | 4,632,651 | ||||||
Hasbro Inc. |
92,717 | 7,595,377 | ||||||
Mattel Inc.(a) |
260,878 | 5,794,100 | ||||||
Peloton Interactive Inc., Class A(a)(b) |
214,089 | 5,656,231 | ||||||
Polaris Inc. |
39,478 | 4,157,823 | ||||||
YETI Holdings Inc.(a) |
57,712 | 3,461,566 | ||||||
|
|
|||||||
31,297,748 | ||||||||
Life Sciences Tools & Services — 1.8% | ||||||||
10X Genomics Inc., Class A(a) |
57,208 | 4,351,813 | ||||||
Adaptive Biotechnologies Corp.(a)(b) |
77,472 | 1,075,311 | ||||||
Agilent Technologies Inc. |
215,753 | 28,550,594 | ||||||
Avantor Inc.(a) |
439,095 | 14,850,193 | ||||||
Azenta Inc. |
52,176 | 4,324,347 | ||||||
Bio-Rad Laboratories Inc., Class A(a) |
14,753 | 8,309,332 | ||||||
Bio-Techne Corp. |
27,820 | 12,047,173 | ||||||
Bruker Corp. |
73,157 | 4,703,995 | ||||||
Charles River Laboratories International Inc.(a) |
35,314 | 10,028,117 | ||||||
Danaher Corp. |
455,209 | 133,526,456 |
Security | Shares | Value | ||||||
Life Sciences Tools & Services (continued) |
||||||||
Illumina Inc.(a) |
104,936 | $ | 36,664,638 | |||||
IQVIA Holdings Inc.(a) |
136,813 | 31,632,534 | ||||||
Maravai LifeSciences Holdings Inc., Class A(a) |
73,208 | 2,582,046 | ||||||
Mettler-Toledo International Inc.(a) |
16,358 | 22,462,642 | ||||||
PerkinElmer Inc.(b) |
91,869 | 16,027,466 | ||||||
QIAGEN NV(a) |
160,771 | 7,877,779 | ||||||
Repligen Corp.(a) |
37,833 | 7,116,009 | ||||||
Sotera Health Co.(a)(b) |
71,084 | 1,539,679 | ||||||
Syneos Health Inc.(a) |
71,143 | 5,759,026 | ||||||
Thermo Fisher Scientific Inc. |
282,074 | 166,607,008 | ||||||
Waters Corp.(a) |
43,374 | 13,462,856 | ||||||
West Pharmaceutical Services Inc. |
52,348 | 21,499,847 | ||||||
|
|
|||||||
554,998,861 | ||||||||
Machinery — 1.6% | ||||||||
AGCO Corp. |
46,671 | 6,815,366 | ||||||
Allison Transmission Holdings Inc. |
71,741 | 2,816,552 | ||||||
Caterpillar Inc. |
388,479 | 86,560,891 | ||||||
Colfax Corp.(a) |
100,014 | 3,979,557 | ||||||
Crane Co. |
37,734 | 4,085,837 | ||||||
Cummins Inc. |
104,150 | 21,362,206 | ||||||
Deere & Co. |
200,209 | 83,178,831 | ||||||
Donaldson Co. Inc. |
90,665 | 4,708,233 | ||||||
Dover Corp. |
102,071 | 16,014,940 | ||||||
Flowserve Corp. |
91,572 | 3,287,435 | ||||||
Fortive Corp. |
231,900 | 14,129,667 | ||||||
Gates Industrial Corp. PLC(a)(b) |
65,973 | 993,553 | ||||||
Graco Inc. |
120,179 | 8,378,880 | ||||||
IDEX Corp. |
55,238 | 10,590,782 | ||||||
Illinois Tool Works Inc. |
225,787 | 47,279,798 | ||||||
Ingersoll Rand Inc. |
282,913 | 14,244,670 | ||||||
ITT Inc. |
62,601 | 4,708,221 | ||||||
Lincoln Electric Holdings Inc. |
40,570 | 5,590,952 | ||||||
Middleby Corp. (The)(a) |
40,973 | 6,717,114 | ||||||
Nordson Corp. |
41,176 | 9,350,246 | ||||||
Oshkosh Corp. |
49,862 | 5,018,610 | ||||||
Otis Worldwide Corp. |
302,398 | 23,269,526 | ||||||
PACCAR Inc. |
245,263 | 21,600,312 | ||||||
Parker-Hannifin Corp. |
92,467 | 26,238,436 | ||||||
Pentair PLC |
114,465 | 6,205,148 | ||||||
Snap-on Inc. |
38,918 | 7,996,871 | ||||||
Stanley Black & Decker Inc. |
117,419 | 16,414,002 | ||||||
Timken Co. (The) |
44,706 | 2,713,654 | ||||||
Toro Co. (The) |
72,063 | 6,160,666 | ||||||
Westinghouse Air Brake Technologies Corp. |
128,911 | 12,397,371 | ||||||
Xylem Inc./NY |
126,502 | 10,785,560 | ||||||
|
|
|||||||
493,593,887 | ||||||||
Marine — 0.0% | ||||||||
Kirby Corp.(a) |
41,750 | 3,013,933 | ||||||
|
|
|||||||
Media — 1.1% |
||||||||
Altice USA Inc., Class A(a) |
150,044 | 1,872,549 | ||||||
Cable One Inc. |
3,810 | 5,578,754 | ||||||
Charter Communications Inc., Class A(a)(b) |
86,658 | 47,273,672 | ||||||
Comcast Corp., Class A |
3,230,736 | 151,263,060 | ||||||
Discovery Inc., Class A(a)(b) |
113,602 | 2,830,962 | ||||||
Discovery Inc., Class C, NVS(a) |
225,762 | 5,637,277 | ||||||
DISH Network Corp., Class A(a) |
177,843 | 5,628,731 | ||||||
Fox Corp., Class A, NVS |
223,720 | 8,825,754 | ||||||
Fox Corp., Class B |
113,571 | 4,120,356 | ||||||
Interpublic Group of Companies Inc. (The) |
279,450 | 9,906,503 |
S C H E D U L E O F I N V E S T M E N T S |
43 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Media (continued) |
||||||||
Liberty Broadband Corp., Class A(a) |
18,539 | $ | 2,429,721 | |||||
Liberty Broadband Corp., Class C, NVS(a) |
102,953 | 13,931,600 | ||||||
Liberty
Media Corp.-Liberty SiriusXM, |
66,450 | 3,037,430 | ||||||
Liberty Media Corp.-Liberty SiriusXM, |
||||||||
Class C, NVS(a) |
115,424 | 5,278,340 | ||||||
Loyalty Ventures Inc.(a) |
13,525 | 223,568 | ||||||
New York Times Co. (The), Class A |
124,174 | 5,692,136 | ||||||
News Corp., Class A, NVS |
276,279 | 6,119,580 | ||||||
News Corp., Class B |
82,841 | 1,865,579 | ||||||
Nexstar Media Group Inc., Class A |
28,461 | 5,364,329 | ||||||
Omnicom Group Inc. |
146,308 | 12,418,623 | ||||||
Paramount Global, Class B, NVS |
417,864 | 15,799,438 | ||||||
Sirius XM Holdings Inc.(b) |
654,683 | 4,334,001 | ||||||
|
|
|||||||
319,431,963 | ||||||||
Metals & Mining — 0.6% | ||||||||
Alcoa Corp. |
129,807 | 11,686,524 | ||||||
Cleveland-Cliffs Inc.(a) |
320,315 | 10,317,346 | ||||||
Freeport-McMoRan Inc. |
1,054,207 | 52,436,256 | ||||||
Newmont Corp. |
574,058 | 45,608,908 | ||||||
Nucor Corp. |
195,912 | 29,122,319 | ||||||
Reliance Steel & Aluminum Co. |
45,577 | 8,356,543 | ||||||
Royal Gold Inc. |
45,859 | 6,478,960 | ||||||
Southern Copper Corp. |
59,285 | 4,499,732 | ||||||
Steel Dynamics Inc. |
135,361 | 11,293,168 | ||||||
United States Steel Corp. |
186,014 | 7,020,168 | ||||||
|
|
|||||||
186,819,924 | ||||||||
Mortgage Real Estate Investment — 0.1% | ||||||||
AGNC Investment Corp. |
389,775 | 5,106,052 | ||||||
Annaly Capital Management Inc. |
989,619 | 6,966,918 | ||||||
New Residential Investment Corp. |
323,206 | 3,548,802 | ||||||
Starwood Property Trust Inc. |
206,990 | 5,002,948 | ||||||
|
|
|||||||
20,624,720 | ||||||||
Multi-Utilities — 0.8% | ||||||||
Ameren Corp. |
181,649 | 17,031,410 | ||||||
CenterPoint Energy Inc. |
425,243 | 13,029,446 | ||||||
CMS Energy Corp. |
209,647 | 14,662,711 | ||||||
Consolidated Edison Inc. |
256,675 | 24,301,989 | ||||||
Dominion Energy Inc. |
578,196 | 49,129,314 | ||||||
DTE Energy Co. |
137,384 | 18,163,539 | ||||||
NiSource Inc. |
279,714 | 8,894,905 | ||||||
Public Service Enterprise Group Inc. |
364,007 | 25,480,490 | ||||||
Sempra Energy |
229,452 | 38,575,470 | ||||||
WEC Energy Group Inc. |
227,192 | 22,676,034 | ||||||
|
|
|||||||
231,945,308 | ||||||||
Multiline Retail — 0.5% | ||||||||
Dollar General Corp. |
168,409 | 37,492,896 | ||||||
Dollar Tree Inc.(a) |
161,209 | 25,817,621 | ||||||
Kohl’s Corp. |
99,321 | 6,004,948 | ||||||
Nordstrom Inc. |
79,094 | 2,144,238 | ||||||
Ollie’s Bargain Outlet Holdings Inc.(a)(b) |
42,605 | 1,830,311 | ||||||
Target Corp. |
344,640 | 73,139,501 | ||||||
|
|
|||||||
146,429,515 | ||||||||
Oil, Gas & Consumable Fuels — 3.4% | ||||||||
Antero Midstream Corp. |
224,211 | 2,437,174 | ||||||
APA Corp. |
262,051 | 10,830,568 | ||||||
Cheniere Energy Inc. |
167,156 | 23,176,179 | ||||||
Chevron Corp. |
1,388,951 | 226,162,891 | ||||||
ConocoPhillips |
947,255 | 94,725,500 | ||||||
Continental Resources Inc./OK |
46,294 | 2,839,211 |
Security | Shares | Value | ||||||
Oil, Gas & Consumable Fuels (continued) |
| |||||||
Coterra Energy Inc. |
572,369 | $ | 15,436,792 | |||||
Devon Energy Corp. |
483,084 | 28,564,757 | ||||||
Diamondback Energy Inc. |
129,424 | 17,741,442 | ||||||
DTE Midstream LLC(a) |
69,116 | 3,750,234 | ||||||
EOG Resources Inc. |
417,462 | 49,773,994 | ||||||
EQT Corp. |
217,763 | 7,493,225 | ||||||
Exxon Mobil Corp. |
3,040,458 | 251,111,426 | ||||||
Hess Corp. |
199,930 | 21,400,507 | ||||||
HF Sinclair Corp. |
114,630 | 4,568,006 | ||||||
Kinder Morgan Inc. |
1,384,044 | 26,172,272 | ||||||
Marathon Oil Corp. |
565,421 | 14,197,721 | ||||||
Marathon Petroleum Corp. |
440,922 | 37,698,831 | ||||||
New Fortress Energy Inc. |
18,852 | 803,284 | ||||||
Occidental Petroleum Corp. |
608,648 | 34,534,688 | ||||||
ONEOK Inc. |
319,713 | 22,581,329 | ||||||
Phillips 66 |
334,899 | 28,931,925 | ||||||
Pioneer Natural Resources Co. |
154,795 | 38,703,394 | ||||||
Targa Resources Corp. |
162,569 | 12,269,082 | ||||||
Texas Pacific Land Corp. |
4,202 | 5,681,566 | ||||||
Valero Energy Corp. |
292,150 | 29,664,911 | ||||||
Williams Companies Inc. (The) |
865,705 | 28,923,204 | ||||||
|
|
|||||||
1,040,174,113 | ||||||||
Paper & Forest Products — 0.0% | ||||||||
Louisiana-Pacific Corp. |
62,723 | 3,896,353 | ||||||
Sylvamo Corp.(a) |
17,505 | 582,566 | ||||||
|
|
|||||||
4,478,919 | ||||||||
Personal Products — 0.2% | ||||||||
Coty Inc., Class A(a) |
251,295 | 2,259,142 | ||||||
Estee Lauder Companies Inc. (The), Class A |
164,102 | 44,688,257 | ||||||
Herbalife Nutrition Ltd.(a) |
76,429 | 2,320,384 | ||||||
Olaplex Holdings Inc.(a) |
57,704 | 901,914 | ||||||
|
|
|||||||
50,169,697 | ||||||||
Pharmaceuticals — 3.6% | ||||||||
Bristol-Myers Squibb Co. |
1,565,615 | 114,336,863 | ||||||
Catalent Inc.(a) |
124,535 | 13,810,932 | ||||||
Elanco Animal Health Inc.(a) |
319,044 | 8,323,858 | ||||||
Eli Lilly & Co. |
608,563 | 174,274,186 | ||||||
Jazz Pharmaceuticals PLC(a) |
41,854 | 6,515,412 | ||||||
Johnson & Johnson |
1,891,672 | 335,261,029 | ||||||
Merck & Co. Inc. |
1,818,864 | 149,237,791 | ||||||
Nektar Therapeutics(a)(b) |
82,113 | 442,589 | ||||||
Organon & Co. |
181,564 | 6,342,031 | ||||||
Perrigo Co. PLC |
98,391 | 3,781,166 | ||||||
Pfizer Inc. |
4,008,033 | 207,495,868 | ||||||
Royalty Pharma PLC, Class A |
239,961 | 9,348,881 | ||||||
Viatris Inc. |
884,293 | 9,621,108 | ||||||
Zoetis Inc. |
340,331 | 64,183,023 | ||||||
|
|
|||||||
1,102,974,737 | ||||||||
Professional Services — 0.5% | ||||||||
Booz Allen Hamilton Holding Corp. |
91,819 | 8,065,381 | ||||||
CACI International Inc., Class A(a) |
17,517 | 5,277,171 | ||||||
Clarivate PLC(a) |
334,602 | 5,607,930 | ||||||
CoStar Group Inc.(a) |
280,482 | 18,682,906 | ||||||
Dun & Bradstreet Holdings Inc.(a) |
114,582 | 2,007,477 | ||||||
Equifax Inc. |
86,050 | 20,402,455 | ||||||
FTI Consulting Inc.(a)(b) |
25,773 | 4,052,031 | ||||||
Jacobs Engineering Group Inc. |
93,751 | 12,919,825 | ||||||
Legalzoomcom Inc.(a)(b) |
68,633 | 970,471 | ||||||
Leidos Holdings Inc. |
98,953 | 10,688,903 |
44 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Professional Services (continued) |
| |||||||
ManpowerGroup Inc. |
37,242 | $ | 3,497,769 | |||||
Nielsen Holdings PLC |
256,870 | 6,997,139 | ||||||
Robert Half International Inc. |
76,830 | 8,772,449 | ||||||
Science Applications International Corp. |
39,073 | 3,601,358 | ||||||
TransUnion |
137,424 | 14,201,396 | ||||||
Verisk Analytics Inc. |
113,004 | 24,254,049 | ||||||
|
|
|||||||
149,998,710 | ||||||||
Real Estate Management & Development — 0.1% | ||||||||
CBRE Group Inc., Class A(a) |
237,534 | 21,739,112 | ||||||
Howard Hughes Corp. (The)(a)(b) |
27,991 | 2,900,147 | ||||||
Jones Lang LaSalle Inc.(a) |
35,145 | 8,415,822 | ||||||
Opendoor Technologies Inc.(a)(b) |
306,700 | 2,652,955 | ||||||
Zillow Group Inc., Class A(a)(b) |
40,060 | 1,932,094 | ||||||
Zillow Group Inc., Class C, NVS(a)(b) |
115,391 | 5,687,622 | ||||||
|
|
|||||||
43,327,752 | ||||||||
Road & Rail — 1.1% | ||||||||
AMERCO |
6,441 | 3,844,891 | ||||||
CSX Corp. |
1,586,751 | 59,423,825 | ||||||
JB Hunt Transport Services Inc. |
60,475 | 12,142,775 | ||||||
Knight-Swift Transportation Holdings Inc. |
119,743 | 6,042,232 | ||||||
Landstar System Inc. |
27,511 | 4,149,484 | ||||||
Lyft Inc., Class A(a) |
206,197 | 7,917,965 | ||||||
Norfolk Southern Corp. |
171,862 | 49,018,480 | ||||||
Old Dominion Freight Line Inc. |
73,233 | 21,873,232 | ||||||
Ryder System Inc. |
37,072 | 2,940,922 | ||||||
Schneider National Inc., Class B |
41,951 | 1,069,750 | ||||||
TuSimple Holdings Inc., Class A(a)(b) |
94,761 | 1,156,084 | ||||||
Uber Technologies Inc.(a) |
1,155,672 | 41,234,377 | ||||||
Union Pacific Corp. |
461,543 | 126,098,163 | ||||||
XPO Logistics Inc.(a) |
69,070 | 5,028,296 | ||||||
|
|
|||||||
341,940,476 | ||||||||
Semiconductors & Semiconductor Equipment — 5.7% | ||||||||
Advanced Micro Devices Inc.(a) |
1,172,928 | 128,247,948 | ||||||
Allegro MicroSystems Inc.(a) |
28,703 | 815,165 | ||||||
Analog Devices Inc. |
376,892 | 62,255,021 | ||||||
Applied Materials Inc. |
637,381 | 84,006,816 | ||||||
Broadcom Inc. |
289,816 | 182,491,339 | ||||||
Cirrus Logic Inc.(a) |
38,951 | 3,302,655 | ||||||
Enphase Energy Inc.(a) |
93,617 | 18,890,038 | ||||||
Entegris Inc. |
97,370 | 12,780,786 | ||||||
First Solar Inc.(a) |
73,260 | 6,134,792 | ||||||
GLOBALFOUNDRIES Inc.(a)(b) |
37,438 | 2,336,880 | ||||||
Intel Corp. |
2,901,723 | 143,809,392 | ||||||
KLA Corp. |
108,536 | 39,730,688 | ||||||
Lam Research Corp. |
101,247 | 54,431,400 | ||||||
Marvell Technology Inc. |
605,241 | 43,401,832 | ||||||
Microchip Technology Inc. |
389,765 | 29,286,942 | ||||||
Micron Technology Inc. |
803,229 | 62,563,507 | ||||||
MKS Instruments Inc. |
38,536 | 5,780,400 | ||||||
Monolithic Power Systems Inc. |
32,602 | 15,834,139 | ||||||
NVIDIA Corp. |
1,717,660 | 468,680,708 | ||||||
NXP Semiconductors NV |
189,701 | 35,109,861 | ||||||
ON Semiconductor Corp.(a) |
303,435 | 18,998,065 | ||||||
Qorvo Inc.(a) |
77,792 | 9,653,987 | ||||||
QUALCOMM Inc. |
809,577 | 123,719,557 | ||||||
Skyworks Solutions Inc. |
116,993 | 15,592,827 | ||||||
Teradyne Inc. |
118,992 | 14,068,424 | ||||||
Texas Instruments Inc. |
663,129 | 121,670,909 | ||||||
Universal Display Corp. |
30,944 | 5,166,101 |
Security | Shares | Value | ||||||
Semiconductors & Semiconductor Equipment (continued) |
| |||||||
Wolfspeed Inc.(a)(b) |
85,197 | $ | 9,700,531 | |||||
|
|
|||||||
1,718,460,710 | ||||||||
Software — 9.7% | ||||||||
Adobe Inc.(a) |
338,269 | 154,122,122 | ||||||
Alteryx Inc., Class A(a)(b) |
42,069 | 3,009,196 | ||||||
Anaplan Inc.(a) |
98,810 | 6,427,591 | ||||||
ANSYS Inc.(a) |
61,961 | 19,681,912 | ||||||
Aspen Technology Inc.(a) |
48,419 | 8,007,050 | ||||||
Atlassian Corp. PLC, Class A(a) |
99,751 | 29,309,836 | ||||||
Autodesk Inc.(a) |
158,041 | 33,876,088 | ||||||
Avalara Inc.(a) |
59,235 | 5,894,475 | ||||||
Bentley Systems Inc., Class B(b) |
101,523 | 4,485,286 | ||||||
Bill.com Holdings Inc.(a) |
67,151 | 15,229,175 | ||||||
Black Knight Inc.(a) |
111,936 | 6,491,169 | ||||||
C3.ai Inc., Class A(a)(b) |
42,409 | 962,684 | ||||||
Cadence Design Systems Inc.(a) |
197,517 | 32,483,646 | ||||||
CDK Global Inc. |
78,093 | 3,801,567 | ||||||
Ceridian HCM Holding Inc.(a)(b) |
90,526 | 6,188,357 | ||||||
Citrix Systems Inc. |
89,407 | 9,021,166 | ||||||
Coupa Software Inc.(a) |
55,850 | 5,676,036 | ||||||
Crowdstrike Holdings Inc., Class A(a) |
142,879 | 32,444,963 | ||||||
Datadog Inc., Class A(a)(b) |
183,581 | 27,807,014 | ||||||
Datto Holding Corp.(a)(b) |
17,235 | 460,519 | ||||||
DocuSign Inc.(a) |
138,332 | 14,818,124 | ||||||
Dolby Laboratories Inc., Class A |
48,029 | 3,756,828 | ||||||
DoubleVerify Holdings Inc.(a)(b) |
48,748 | 1,226,987 | ||||||
Dropbox Inc., Class A(a) |
209,852 | 4,879,059 | ||||||
Duck Creek Technologies Inc.(a) |
42,369 | 937,202 | ||||||
Dynatrace Inc.(a) |
147,661 | 6,954,833 | ||||||
Elastic NV(a) |
53,714 | 4,777,860 | ||||||
Everbridge Inc.(a) |
32,092 | 1,400,495 | ||||||
Fair Isaac Corp.(a) |
18,313 | 8,542,282 | ||||||
Five9 Inc.(a) |
46,895 | 5,177,208 | ||||||
Fortinet Inc.(a) |
95,517 | 32,641,980 | ||||||
Guidewire Software Inc.(a)(b) |
62,121 | 5,877,889 | ||||||
HubSpot Inc.(a) |
32,352 | 15,365,259 | ||||||
Informatica Inc.(a)(b) |
23,902 | 471,826 | ||||||
Intuit Inc. |
190,582 | 91,639,449 | ||||||
Jamf Holding Corp.(a)(b) |
37,142 | 1,292,913 | ||||||
Mandiant Inc.(a) |
164,753 | 3,675,639 | ||||||
Manhattan Associates Inc.(a) |
43,798 | 6,075,221 | ||||||
Microsoft Corp. |
5,410,887 | 1,668,230,571 | ||||||
N-able Inc.(a)(b) |
27,617 | 251,315 | ||||||
nCino Inc.(a)(b) |
43,479 | 1,781,769 | ||||||
NCR Corp.(a) |
93,901 | 3,773,881 | ||||||
New Relic Inc.(a)(b) |
33,630 | 2,249,174 | ||||||
NortonLifeLock Inc. |
392,978 | 10,421,777 | ||||||
Nutanix Inc., Class A(a) |
162,889 | 4,368,683 | ||||||
Oracle Corp. |
1,159,437 | 95,920,223 | ||||||
Palantir Technologies Inc., Class A(a)(b) |
1,189,421 | 16,330,750 | ||||||
Palo Alto Networks Inc.(a)(b) |
69,209 | 43,083,295 | ||||||
Paycom Software Inc.(a) |
35,153 | 12,176,296 | ||||||
Paycor HCM Inc.(a)(b) |
33,862 | 985,723 | ||||||
Paylocity Holding Corp.(a) |
29,583 | 6,087,294 | ||||||
Pegasystems Inc. |
26,364 | 2,126,257 | ||||||
Procore Technologies Inc.(a)(b) |
42,514 | 2,464,112 | ||||||
PTC Inc.(a) |
75,065 | 8,086,002 | ||||||
RingCentral Inc., Class A(a) |
58,768 | 6,888,197 | ||||||
salesforce.com Inc.(a) |
671,412 | 142,554,196 | ||||||
ServiceNow Inc.(a)(b) |
143,543 | 79,937,661 |
S C H E D U L E O F I N V E S T M E N T S |
45 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Software (continued) |
||||||||
Smartsheet Inc., Class A(a) |
87,356 | $ | 4,785,362 | |||||
Splunk Inc.(a) |
112,111 | 16,660,816 | ||||||
SS&C Technologies Holdings Inc. |
159,721 | 11,982,269 | ||||||
Synopsys Inc.(a) |
108,830 | 36,269,774 | ||||||
Teradata Corp.(a) |
77,118 | 3,801,146 | ||||||
Trade Desk Inc. (The), Class A(a) |
314,337 | 21,767,837 | ||||||
Tyler Technologies Inc.(a) |
28,271 | 12,577,485 | ||||||
Unity Software Inc.(a)(b) |
108,048 | 10,719,442 | ||||||
VMware Inc., Class A |
161,919 | 18,437,717 | ||||||
Workday Inc., Class A(a) |
137,556 | 32,939,160 | ||||||
Zendesk Inc.(a)(b) |
86,329 | 10,384,515 | ||||||
Zoom
Video Communications Inc., |
157,869 | 18,506,983 | ||||||
Zscaler Inc.(a) |
56,533 | 13,640,282 | ||||||
|
|
|||||||
2,935,080,870 | ||||||||
Specialty Retail — 2.0% | ||||||||
Advance Auto Parts Inc. |
43,626 | 9,028,837 | ||||||
AutoNation Inc.(a)(b) |
29,563 | 2,943,884 | ||||||
AutoZone Inc.(a) |
14,826 | 30,312,943 | ||||||
Bath & Body Works Inc. |
168,559 | 8,057,120 | ||||||
Best Buy Co. Inc. |
172,734 | 15,701,521 | ||||||
Burlington Stores Inc.(a)(b) |
46,388 | 8,450,502 | ||||||
CarMax Inc.(a)(b) |
117,962 | 11,380,974 | ||||||
Carvana Co.(a)(b) |
55,960 | 6,675,468 | ||||||
Dick’s Sporting Goods Inc. |
42,343 | 4,235,147 | ||||||
Five Below Inc.(a) |
37,801 | 5,986,544 | ||||||
Floor & Decor Holdings Inc., Class A(a) |
70,609 | 5,719,329 | ||||||
Foot Locker Inc. |
57,615 | 1,708,861 | ||||||
GameStop Corp., Class A(a)(b) |
45,949 | 7,654,185 | ||||||
Gap Inc. (The) |
143,489 | 2,020,325 | ||||||
Home Depot Inc. (The) |
749,821 | 224,443,920 | ||||||
Leslie’s Inc.(a)(b) |
121,600 | 2,354,176 | ||||||
Lithia Motors Inc. |
21,291 | 6,389,855 | ||||||
Lowe’s Companies Inc. |
484,040 | 97,868,048 | ||||||
O’Reilly Automotive Inc.(a) |
48,090 | 32,939,726 | ||||||
Penske Automotive Group Inc. |
22,703 | 2,127,725 | ||||||
Petco Health & Wellness Co. Inc.(a)(b) |
39,570 | 774,385 | ||||||
RH(a) |
11,948 | 3,896,123 | ||||||
Ross Stores Inc. |
249,603 | 22,579,087 | ||||||
TJX Companies Inc. (The) |
858,691 | 52,019,501 | ||||||
Tractor Supply Co. |
82,357 | 19,219,653 | ||||||
Ulta Salon Cosmetics & Fragrance Inc.(a) |
37,285 | 14,847,633 | ||||||
Victoria’s Secret & Co.(a) |
52,331 | 2,687,720 | ||||||
Williams-Sonoma Inc. |
53,473 | 7,753,585 | ||||||
|
|
|||||||
609,776,777 | ||||||||
Technology Hardware, Storage & Peripherals — 6.7% | ||||||||
Apple Inc. |
11,082,322 | 1,935,084,244 | ||||||
Dell Technologies Inc., Class C(a) |
192,534 | 9,663,282 | ||||||
Hewlett Packard Enterprise Co. |
947,865 | 15,838,824 | ||||||
HP Inc. |
776,574 | 28,189,636 | ||||||
NetApp Inc. |
160,036 | 13,282,988 | ||||||
Pure Storage Inc., Class A(a)(b) |
202,993 | 7,167,683 | ||||||
Western Digital Corp.(a) |
223,232 | 11,083,469 | ||||||
Xerox Holdings Corp. |
91,138 | 1,838,253 | ||||||
|
|
|||||||
2,022,148,379 | ||||||||
Textiles, Apparel & Luxury Goods — 0.7% | ||||||||
Capri Holdings Ltd.(a)(b) |
100,351 | 5,157,038 | ||||||
Carter’s Inc. |
26,900 | 2,474,531 | ||||||
Columbia Sportswear Co. |
25,362 | 2,296,022 | ||||||
Deckers Outdoor Corp.(a) |
18,914 | 5,178,086 |
Security | Shares | Value | ||||||
Textiles, Apparel & Luxury Goods (continued) |
| |||||||
Hanesbrands Inc. |
234,284 | $ | 3,488,489 | |||||
Lululemon Athletica Inc.(a) |
81,130 | 29,631,110 | ||||||
Nike Inc., Class B |
889,487 | 119,689,371 | ||||||
PVH Corp. |
49,256 | 3,773,502 | ||||||
Ralph Lauren Corp. |
32,647 | 3,703,475 | ||||||
Skechers U.S.A. Inc., Class A(a) |
94,105 | 3,835,720 | ||||||
Tapestry Inc. |
189,986 | 7,057,980 | ||||||
Under Armour Inc., Class A(a)(b) |
138,895 | 2,363,993 | ||||||
Under Armour Inc., Class C, NVS(a) |
136,243 | 2,119,941 | ||||||
VF Corp. |
234,747 | 13,347,714 | ||||||
|
|
|||||||
204,116,972 | ||||||||
Thrifts & Mortgage Finance — 0.0% | ||||||||
MGIC Investment Corp. |
239,138 | 3,240,320 | ||||||
New York Community Bancorp. Inc. |
330,899 | 3,547,237 | ||||||
Rocket Companies Inc., Class A(b) |
95,728 | 1,064,495 | ||||||
TFS Financial Corp. |
28,383 | 471,158 | ||||||
UWM Holdings Corp. |
65,296 | 295,791 | ||||||
|
|
|||||||
8,619,001 | ||||||||
Tobacco — 0.6% | ||||||||
Altria Group Inc. |
1,307,539 | 68,318,913 | ||||||
Philip Morris International Inc. |
1,117,793 | 105,005,474 | ||||||
|
|
|||||||
173,324,387 | ||||||||
Trading Companies & Distributors — 0.3% | ||||||||
Air Lease Corp. |
73,599 | 3,286,195 | ||||||
Core & Main Inc., Class A(a)(b) |
40,207 | 972,607 | ||||||
Fastenal Co. |
407,725 | 24,218,865 | ||||||
MSC Industrial Direct Co. Inc., Class A |
34,312 | 2,923,726 | ||||||
SiteOne Landscape Supply Inc.(a) |
33,085 | 5,349,514 | ||||||
United Rentals Inc.(a) |
52,014 | 18,475,893 | ||||||
Univar Solutions Inc.(a) |
122,463 | 3,935,961 | ||||||
Watsco Inc. |
23,482 | 7,153,556 | ||||||
WW Grainger Inc. |
33,121 | 17,083,481 | ||||||
|
|
|||||||
83,399,798 | ||||||||
Water Utilities — 0.1% | ||||||||
American Water Works Co. Inc. |
129,186 | 21,384,158 | ||||||
Essential Utilities Inc. |
164,799 | 8,426,173 | ||||||
|
|
|||||||
29,810,331 | ||||||||
Wireless Telecommunication Services — 0.2% | ||||||||
T-Mobile U.S. Inc.(a) |
422,785 | 54,264,455 | ||||||
|
|
|||||||
Total
Common Stocks — 99.8% |
30,352,366,946 | |||||||
|
|
|||||||
Short-Term Investments |
||||||||
Money Market Funds — 1.4% | ||||||||
BlackRock
Cash Funds: Institutional, |
382,115,872 | 382,039,449 | ||||||
BlackRock
Cash Funds: Treasury, |
49,500,000 | 49,500,000 | ||||||
|
|
|||||||
431,539,449 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 1.4% |
|
431,539,449 | ||||||
|
|
|||||||
Total
Investments in Securities — 101.2% |
|
30,783,906,395 | ||||||
Other Assets, Less Liabilities — (1.2)% |
|
(363,437,917 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
$ | 30,420,468,478 | ||||||
|
|
46 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 ETF |
(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 year ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
||||||||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value
at 03/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in (Depreciation) |
Value
at 03/31/22 |
Shares Held at |
Income |
Capital Gain |
|||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 259,515,588 | $ | 122,794,278 | (a) | $ | — | $ | (137,152 | ) | $ | (133,265 | ) | $ | 382,039,449 | 382,115,872 | $ | 964,946 | (b) | $ | — | |||||||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
21,460,000 | 28,040,000 | (a) | — | — | — | 49,500,000 | 49,500,000 | 10,772 | — | ||||||||||||||||||||||||||||||||
BlackRock Inc. |
80,120,313 | 16,965,775 | (20,408,673 | ) | 9,283,549 | (7,507,451 | ) | 78,453,513 | 102,665 | 1,782,316 | — | |||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
$ | 9,146,397 | $ | (7,640,716 | ) | $ | 509,992,962 | $ | 2,758,034 | $ | — | ||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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. |
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 |
||||||||||||||||
S&P 500 E-Mini Index |
276 | 06/17/22 | $ | 62,524 | $ | 2,968,640 | ||||||||||
S&P Mid 400 E-Mini Index |
18 | 06/17/22 | 4,841 | 139,850 | ||||||||||||
|
|
|||||||||||||||
$ | 3,108,490 | |||||||||||||||
|
|
Derivative Financial Instruments Categorized by Risk Exposure
As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:
|
||||
Equity Contracts |
||||
|
||||
Assets — Derivative Financial Instruments |
||||
Futures contracts |
||||
Unrealized appreciation on futures contracts(a) |
$ | 3,108,490 | ||
|
|
(a) |
Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss). |
S C H E D U L E O F I N V E S T M E N T S |
47 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 ETF |
For the period ended March 31, 2022, the effect of derivative financial instruments in the Statements of Operations was as follows:
|
||||
Equity Contracts |
||||
|
||||
Net Realized Gain (Loss) from: |
||||
Futures contracts |
$ | 4,730,107 | ||
|
|
|||
Net Change in Unrealized Appreciation (Depreciation) on: |
||||
Futures contracts |
$ | 2,764,762 | ||
|
|
Average Quarterly Balances of Outstanding Derivative Financial Instruments
|
||||
Futures contracts: |
||||
Average notional value of contracts — long |
$ | 56,449,291 | ||
|
For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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 | |||||||||||||
|
||||||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Common Stocks |
$ | 30,352,165,269 | $ | 201,677 | $ | — | $ | 30,352,366,946 | ||||||||
Money Market Funds |
431,539,449 | — | — | 431,539,449 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 30,783,704,718 | $ | 201,677 | $ | — | $ | 30,783,906,395 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Derivative financial instruments(a) |
||||||||||||||||
Assets |
||||||||||||||||
Futures Contracts |
$ | 3,108,490 | $ | — | $ | — | $ | 3,108,490 | ||||||||
|
|
|
|
|
|
|
|
(a) |
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
See notes to financial statements.
48 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments March 31, 2022 |
iShares® Russell 1000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
||||||||
Aerospace & Defense — 0.6% | ||||||||
Axon Enterprise Inc.(a) |
212,459 | $ | 29,261,978 | |||||
BWX Technologies Inc. |
229,707 | 12,372,019 | ||||||
HEICO Corp.(b) |
46,996 | 7,215,766 | ||||||
HEICO Corp., Class A |
88,140 | 11,178,796 | ||||||
Howmet Aerospace Inc. |
92,491 | 3,324,126 | ||||||
Lockheed Martin Corp. |
696,569 | 307,465,557 | ||||||
Northrop Grumman Corp. |
40,851 | 18,269,384 | ||||||
Spirit AeroSystems Holdings Inc., Class A(b) |
99,617 | 4,870,275 | ||||||
TransDigm Group Inc.(a)(b) |
48,902 | 31,861,609 | ||||||
Virgin Galactic Holdings Inc.(a)(b) |
569,495 | 5,626,611 | ||||||
|
|
|||||||
431,446,121 | ||||||||
Air Freight & Logistics — 0.9% | ||||||||
CH Robinson Worldwide Inc. |
83,912 | 9,038,162 | ||||||
Expeditors International of Washington Inc. |
398,764 | 41,136,494 | ||||||
FedEx Corp. |
350,547 | 81,113,070 | ||||||
GXO Logistics Inc.(a) |
270,135 | 19,271,431 | ||||||
United Parcel Service Inc., Class B |
2,377,399 | 509,856,990 | ||||||
|
|
|||||||
660,416,147 | ||||||||
Airlines — 0.1% | ||||||||
Delta Air Lines Inc.(a) |
2,082,681 | 82,411,687 | ||||||
|
|
|||||||
Auto Components — 0.0% | ||||||||
Aptiv PLC(a) |
166,705 | 19,956,255 | ||||||
QuantumScape Corp.(a)(b) |
571,116 | 11,416,609 | ||||||
|
|
|||||||
31,372,864 | ||||||||
Automobiles — 4.2% | ||||||||
Rivian Automotive Inc., Class A(a)(b) |
132,297 | 6,646,601 | ||||||
Tesla Inc.(a)(b) |
2,734,198 | 2,946,371,765 | ||||||
Thor Industries Inc. |
70,577 | 5,554,410 | ||||||
|
|
|||||||
2,958,572,776 | ||||||||
Banks — 0.0% | ||||||||
Citizens Financial Group Inc. |
258,329 | 11,710,053 | ||||||
Synovus Financial Corp. |
21,845 | 1,070,405 | ||||||
Western Alliance Bancorp. |
180,741 | 14,968,970 | ||||||
|
|
|||||||
27,749,428 | ||||||||
Beverages — 1.9% | ||||||||
Boston Beer Co. Inc. (The), Class A, NVS(a)(b) |
32,181 | 12,501,353 | ||||||
Brown-Forman Corp., Class A |
62,501 | 3,921,313 | ||||||
Brown-Forman Corp., Class B, NVS |
306,530 | 20,543,640 | ||||||
Coca-Cola Co. (The) |
9,004,568 | 558,283,216 | ||||||
Monster Beverage Corp.(a) |
1,131,353 | 90,395,105 | ||||||
PepsiCo Inc. |
3,767,111 | 630,539,039 | ||||||
|
|
|||||||
1,316,183,666 | ||||||||
Biotechnology — 2.8% | ||||||||
AbbVie Inc. |
5,803,777 | 940,850,289 | ||||||
Alnylam Pharmaceuticals Inc.(a) |
392,695 | 64,123,167 | ||||||
Amgen Inc. |
1,510,059 | 365,162,467 | ||||||
CureVac NV(a)(b) |
173,072 | 3,393,942 | ||||||
Exact Sciences Corp.(a)(b) |
533,450 | 37,298,824 | ||||||
Exelixis Inc.(a) |
888,222 | 20,135,993 | ||||||
Horizon Therapeutics PLC(a) |
139,426 | 14,669,009 | ||||||
Incyte Corp.(a) |
523,493 | 41,575,814 | ||||||
Ionis Pharmaceuticals Inc.(a)(b) |
421,154 | 15,599,544 | ||||||
Iovance Biotherapeutics Inc.(a)(b) |
135,691 | 2,259,255 | ||||||
Mirati Therapeutics Inc.(a)(b) |
113,922 | 9,366,667 | ||||||
Moderna Inc.(a) |
1,109,700 | 191,156,922 | ||||||
Natera Inc.(a) |
266,764 | 10,851,960 |
Security | Shares | Value | ||||||
Biotechnology (continued) | ||||||||
Neurocrine Biosciences Inc.(a) |
310,536 | $ | 29,112,750 | |||||
Novavax Inc.(a)(b) |
253,973 | 18,705,111 | ||||||
Regeneron Pharmaceuticals Inc.(a) |
35,194 | 24,580,194 | ||||||
Sarepta Therapeutics Inc.(a) |
268,558 | 20,979,751 | ||||||
Seagen Inc.(a) |
397,639 | 57,279,898 | ||||||
Ultragenyx Pharmaceutical Inc.(a)(b) |
155,682 | 11,305,627 | ||||||
Vertex Pharmaceuticals Inc.(a) |
335,077 | 87,445,045 | ||||||
|
|
|||||||
1,965,852,229 | ||||||||
Building Products — 0.3% | ||||||||
Advanced Drainage Systems Inc.(b) |
199,726 | 23,729,446 | ||||||
Allegion PLC |
224,447 | 24,639,792 | ||||||
Armstrong World Industries Inc. |
74,815 | 6,734,098 | ||||||
AZEK Co. Inc. (The)(a)(b) |
221,435 | 5,500,445 | ||||||
Carlisle Companies Inc. |
66,831 | 16,435,080 | ||||||
Carrier Global Corp. |
1,311,982 | 60,180,614 | ||||||
Fortune Brands Home & Security Inc. |
115,334 | 8,567,010 | ||||||
Trane Technologies PLC |
371,630 | 56,747,901 | ||||||
Trex Co. Inc.(a)(b) |
375,159 | 24,509,137 | ||||||
|
|
|||||||
227,043,523 | ||||||||
Capital Markets — 1.6% | ||||||||
Ameriprise Financial Inc. |
207,049 | 62,189,238 | ||||||
Ares Management Corp., Class A |
408,863 | 33,211,941 | ||||||
Blackstone Inc., NVS |
2,303,187 | 292,366,558 | ||||||
FactSet Research Systems Inc. |
108,260 | 47,001,079 | ||||||
Goldman Sachs Group Inc. (The) |
67,494 | 22,279,769 | ||||||
LPL Financial Holdings Inc. |
263,529 | 48,141,478 | ||||||
MarketAxess Holdings Inc. |
121,420 | 41,307,084 | ||||||
Moody’s Corp. |
506,188 | 170,792,893 | ||||||
Morningstar Inc. |
69,271 | 18,922,759 | ||||||
MSCI Inc. |
183,793 | 92,425,824 | ||||||
Raymond James Financial Inc. |
24,235 | 2,663,669 | ||||||
S&P Global Inc. |
560,142 | 229,759,046 | ||||||
T Rowe Price Group Inc. |
246,913 | 37,330,776 | ||||||
|
|
|||||||
1,098,392,114 | ||||||||
Chemicals — 0.7% | ||||||||
Axalta Coating Systems Ltd.(a) |
92,211 | 2,266,547 | ||||||
Celanese Corp. |
128,905 | 18,416,657 | ||||||
Chemours Co. (The) |
275,644 | 8,677,273 | ||||||
Diversey Holdings Ltd.(a) |
194,158 | 1,469,776 | ||||||
Dow Inc. |
164,300 | 10,469,196 | ||||||
Ecolab Inc. |
722,239 | 127,518,518 | ||||||
FMC Corp. |
105,097 | 13,827,612 | ||||||
LyondellBasell Industries NV, Class A |
98,787 | 10,157,279 | ||||||
Olin Corp. |
22,971 | 1,200,924 | ||||||
PPG Industries Inc. |
324,591 | 42,544,142 | ||||||
RPM International Inc. |
251,910 | 20,515,551 | ||||||
Scotts Miracle-Gro Co. (The) |
139,294 | 17,127,590 | ||||||
Sherwin-Williams Co. (The) |
790,795 | 197,398,248 | ||||||
Westlake Chemical Corp. |
21,595 | 2,664,823 | ||||||
|
|
|||||||
474,254,136 | ||||||||
Commercial Services & Supplies — 0.4% | ||||||||
Cintas Corp. |
269,714 | 114,733,639 | ||||||
Copart Inc.(a) |
686,686 | 86,158,492 | ||||||
IAA Inc.(a)(b) |
456,651 | 17,466,901 | ||||||
MSA Safety Inc. |
34,279 | 4,548,823 | ||||||
Rollins Inc. |
700,428 | 24,550,001 | ||||||
Waste Management Inc. |
223,168 | 35,372,128 | ||||||
|
|
|||||||
282,829,984 |
S C H E D U L E O F I N V E S T M E N T S |
49 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Communications Equipment — 0.2% |
||||||||
Arista Networks Inc.(a) |
707,544 | $ | 98,334,465 | |||||
CommScope Holding Co. Inc.(a) |
653,852 | 5,152,354 | ||||||
Ubiquiti Inc.(b) |
16,515 | 4,808,507 | ||||||
|
|
|||||||
108,295,326 | ||||||||
Consumer Finance — 0.5% | ||||||||
American Express Co. |
1,287,597 | 240,780,639 | ||||||
Discover Financial Services |
518,247 | 57,105,637 | ||||||
Synchrony Financial |
304,051 | 10,584,015 | ||||||
Upstart Holdings Inc.(a)(b) |
158,815 | 17,325,129 | ||||||
|
|
|||||||
325,795,420 | ||||||||
Containers & Packaging — 0.1% | ||||||||
Avery Dennison Corp. |
146,748 | 25,529,749 | ||||||
Ball Corp. |
307,473 | 27,672,570 | ||||||
Crown Holdings Inc. |
54,074 | 6,764,117 | ||||||
Graphic Packaging Holding Co. |
260,847 | 5,227,374 | ||||||
Sealed Air Corp. |
257,530 | 17,244,209 | ||||||
|
|
|||||||
82,438,019 | ||||||||
Distributors — 0.1% | ||||||||
Pool Corp. |
126,725 | 53,585,666 | ||||||
|
|
|||||||
Diversified Consumer Services — 0.1% | ||||||||
Bright Horizons Family Solutions Inc.(a)(b) |
157,204 | 20,859,399 | ||||||
Chegg Inc.(a)(b) |
335,779 | 12,182,062 | ||||||
frontdoor Inc.(a)(b) |
166,883 | 4,981,458 | ||||||
H&R Block Inc. |
427,082 | 11,121,215 | ||||||
Mister Car Wash Inc.(a)(b) |
159,524 | 2,359,360 | ||||||
|
|
|||||||
51,503,494 | ||||||||
Diversified Financial Services — 0.1% | ||||||||
Apollo Global Management Inc. |
774,565 | 48,015,284 | ||||||
|
|
|||||||
Electric Utilities — 0.0% | ||||||||
NRG Energy Inc. |
376,960 | 14,460,186 | ||||||
|
|
|||||||
Electrical Equipment — 0.3% | ||||||||
Fluence Energy Inc.(a)(b) |
45,439 | 595,705 | ||||||
Generac Holdings Inc.(a)(b) |
199,968 | 59,442,488 | ||||||
Plug Power Inc.(a)(b) |
1,691,543 | 48,395,045 | ||||||
Regal Rexnord Corp. |
46,530 | 6,922,733 | ||||||
Rockwell Automation Inc. |
229,517 | 64,271,646 | ||||||
Vertiv Holdings Co. |
1,095,930 | 15,343,020 | ||||||
|
|
|||||||
194,970,637 | ||||||||
Electronic Equipment, Instruments & Components — 0.6% | ||||||||
Amphenol Corp., Class A |
1,362,532 | 102,666,786 | ||||||
CDW Corp./DE |
447,536 | 80,059,715 | ||||||
Cognex Corp. |
565,075 | 43,595,536 | ||||||
Coherent Inc.(a) |
70,576 | 19,292,655 | ||||||
Corning Inc. |
854,413 | 31,536,384 | ||||||
IPG Photonics Corp.(a) |
5,800 | 636,608 | ||||||
Jabil Inc. |
360,087 | 22,228,171 | ||||||
Keysight Technologies Inc.(a)(b) |
261,245 | 41,268,873 | ||||||
Vontier Corp.(b) |
298,013 | 7,566,550 | ||||||
Zebra Technologies Corp., Class A(a) |
174,854 | 72,337,100 | ||||||
|
|
|||||||
421,188,378 | ||||||||
Energy Equipment & Services — 0.0% | ||||||||
Halliburton Co. |
153,066 | 5,796,609 | ||||||
|
|
|||||||
Entertainment — 1.1% | ||||||||
Live Nation Entertainment Inc.(a) |
168,872 | 19,866,102 | ||||||
Madison Square Garden Sports Corp.(a)(b) |
23,610 | 4,234,690 | ||||||
Netflix Inc.(a) |
1,418,792 | 531,465,295 |
Security | Shares | Value | ||||||
Entertainment (continued) | ||||||||
Playtika Holding Corp.(a) |
339,913 | $ | 6,570,518 | |||||
Roku Inc.(a)(b) |
385,842 | 48,334,427 | ||||||
Skillz Inc.(a)(b) |
824,295 | 2,472,885 | ||||||
Spotify Technology SA(a) |
453,653 | 68,510,676 | ||||||
Take-Two Interactive Software Inc.(a)(b) |
74,384 | 11,435,796 | ||||||
Walt Disney Co. (The)(a) |
302,491 | 41,489,666 | ||||||
World Wrestling Entertainment Inc., Class A |
112,967 | 7,053,660 | ||||||
Zynga Inc., Class A(a) |
1,596,217 | 14,749,045 | ||||||
|
|
|||||||
756,182,760 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 1.7% | ||||||||
American Tower Corp. |
1,482,183 | 372,354,013 | ||||||
Crown Castle International Corp. |
1,416,870 | 261,554,202 | ||||||
Equinix Inc. |
207,884 | 154,170,932 | ||||||
Equity LifeStyle Properties Inc. |
307,677 | 23,531,137 | ||||||
Extra Space Storage Inc. |
34,543 | 7,102,041 | ||||||
Iron Mountain Inc. |
671,505 | 37,208,092 | ||||||
Lamar Advertising Co., Class A |
246,595 | 28,649,407 | ||||||
Public Storage |
379,421 | 148,080,428 | ||||||
SBA Communications Corp. |
61,099 | 21,024,166 | ||||||
Simon Property Group Inc. |
933,252 | 122,778,633 | ||||||
|
|
|||||||
1,176,453,051 | ||||||||
Food & Staples Retailing — 1.3% | ||||||||
Costco Wholesale Corp. |
1,357,899 | 781,946,139 | ||||||
Sysco Corp. |
1,683,253 | 137,437,608 | ||||||
|
|
|||||||
919,383,747 | ||||||||
Food Products — 0.2% | ||||||||
Beyond Meat Inc.(a)(b) |
174,030 | 8,407,389 | ||||||
Darling Ingredients Inc.(a) |
18,823 | 1,512,993 | ||||||
Freshpet Inc.(a)(b) |
140,326 | 14,403,061 | ||||||
Hershey Co. (The) |
409,732 | 88,760,243 | ||||||
Kellogg Co. |
374,517 | 24,152,601 | ||||||
Lamb Weston Holdings Inc. |
140,792 | 8,434,849 | ||||||
Pilgrim’s Pride Corp.(a) |
37,833 | 949,608 | ||||||
|
|
|||||||
146,620,744 | ||||||||
Health Care Equipment & Supplies — 2.5% | ||||||||
Abbott Laboratories |
2,854,863 | 337,901,585 | ||||||
ABIOMED Inc.(a) |
144,543 | 47,878,423 | ||||||
Align Technology Inc.(a) |
259,417 | 113,105,812 | ||||||
Dexcom Inc.(a)(b) |
317,220 | 162,289,752 | ||||||
Edwards Lifesciences Corp.(a) |
2,027,503 | 238,677,653 | ||||||
Figs Inc., Class A(a)(b) |
28 | 603 | ||||||
Globus Medical Inc., Class A(a) |
6 | 443 | ||||||
IDEXX Laboratories Inc.(a) |
278,358 | 152,278,527 | ||||||
Insulet Corp.(a)(b) |
215,490 | 57,404,381 | ||||||
Intuitive Surgical Inc.(a) |
1,163,586 | 351,030,624 | ||||||
Masimo Corp.(a) |
122,610 | 17,844,659 | ||||||
Novocure Ltd.(a)(b) |
330,639 | 27,393,441 | ||||||
Penumbra Inc.(a) |
112,351 | 24,956,528 | ||||||
ResMed Inc. |
425,318 | 103,143,868 | ||||||
STERIS PLC |
35,335 | 8,542,943 | ||||||
Stryker Corp. |
491,210 | 131,324,994 | ||||||
Tandem Diabetes Care Inc.(a) |
186,302 | 21,665,060 | ||||||
Teleflex Inc. |
26,899 | 9,544,572 | ||||||
|
|
|||||||
1,804,983,868 | ||||||||
Health Care Providers & Services — 0.7% | ||||||||
agilon health Inc.(a)(b) |
534,984 | 13,561,844 | ||||||
Amedisys Inc.(a)(b) |
96,040 | 16,546,732 | ||||||
Cardinal Health Inc. |
528,350 | 29,957,445 | ||||||
Chemed Corp. |
13,391 | 6,783,211 |
50 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Health Care Providers & Services (continued) |
| |||||||
DaVita Inc.(a)(b) |
144,577 | $ | 16,353,105 | |||||
Encompass Health Corp. |
191,867 | 13,643,662 | ||||||
Guardant Health Inc.(a)(b) |
302,930 | 20,066,083 | ||||||
HCA Healthcare Inc. |
804,917 | 201,728,299 | ||||||
McKesson Corp. |
70,243 | 21,503,490 | ||||||
Molina Healthcare Inc.(a) |
28,515 | 9,512,319 | ||||||
Oak Street Health Inc.(a)(b) |
298,223 | 8,016,234 | ||||||
UnitedHealth Group Inc. |
213,194 | 108,722,544 | ||||||
|
|
|||||||
466,394,968 | ||||||||
Health Care Technology — 0.1% | ||||||||
Certara Inc.(a)(b) |
231,377 | 4,969,978 | ||||||
Definitive Healthcare Corp.(a)(b) |
12 | 296 | ||||||
Veeva Systems Inc., Class A(a) |
454,115 | 96,481,273 | ||||||
|
|
|||||||
101,451,547 | ||||||||
Hotels, Restaurants & Leisure — 2.3% | ||||||||
Booking Holdings Inc.(a) |
134,842 | 316,669,695 | ||||||
Boyd Gaming Corp. |
56,955 | 3,746,500 | ||||||
Caesars Entertainment Inc.(a)(b) |
422,996 | 32,722,971 | ||||||
Chipotle Mexican Grill Inc.(a)(b) |
91,893 | 145,377,483 | ||||||
Choice Hotels International Inc. |
114,240 | 16,194,662 | ||||||
Churchill Downs Inc. |
123,366 | 27,360,111 | ||||||
Darden Restaurants Inc. |
281,527 | 37,429,015 | ||||||
Domino’s Pizza Inc. |
81,914 | 33,339,817 | ||||||
DraftKings Inc., Class A(a)(b) |
980,034 | 19,081,262 | ||||||
Expedia Group Inc.(a) |
478,207 | 93,570,764 | ||||||
Hilton Worldwide Holdings Inc.(a) |
599,244 | 90,929,285 | ||||||
Las Vegas Sands Corp.(a) |
1,074,694 | 41,773,356 | ||||||
Marriott International Inc./MD, Class A(a) |
891,373 | 156,658,805 | ||||||
McDonald’s Corp. |
436,357 | 107,902,359 | ||||||
Penn National Gaming Inc.(a)(b) |
28,732 | 1,218,811 | ||||||
Planet Fitness Inc., Class A(a) |
194,453 | 16,427,389 | ||||||
Six Flags Entertainment Corp.(a) |
96,241 | 4,186,483 | ||||||
Starbucks Corp. |
3,781,337 | 343,988,227 | ||||||
Travel + Leisure Co. |
183,110 | 10,609,393 | ||||||
Vail Resorts Inc. |
130,357 | 33,928,016 | ||||||
Wendy’s Co. (The) |
611,243 | 13,429,009 | ||||||
Wyndham Hotels & Resorts Inc. |
196,224 | 16,618,211 | ||||||
Wynn Resorts Ltd.(a)(b) |
352,415 | 28,101,572 | ||||||
Yum China Holdings Inc. |
100,633 | 4,180,295 | ||||||
Yum! Brands Inc. |
82,765 | 9,810,135 | ||||||
|
|
|||||||
1,605,253,626 | ||||||||
Household Durables — 0.2% | ||||||||
DR Horton Inc. |
449,808 | 33,515,194 | ||||||
NVR Inc.(a) |
6,801 | 30,381,903 | ||||||
PulteGroup Inc. |
248,335 | 10,405,237 | ||||||
Tempur Sealy International Inc. |
597,763 | 16,689,543 | ||||||
Toll Brothers Inc. |
150,456 | 7,074,441 | ||||||
TopBuild Corp.(a) |
89,193 | 16,178,718 | ||||||
|
|
|||||||
114,245,036 | ||||||||
Household Products — 0.3% | ||||||||
Church & Dwight Co. Inc. |
35,485 | 3,526,499 | ||||||
Clorox Co. (The) |
330,945 | 46,011,284 | ||||||
Colgate-Palmolive Co. |
1,460,469 | 110,747,364 | ||||||
Kimberly-Clark Corp. |
552,777 | 68,080,015 | ||||||
|
|
|||||||
228,365,162 | ||||||||
Independent Power and Renewable Electricity Producers — 0.0% | ||||||||
Brookfield Renewable Corp., Class A |
104,423 | 4,573,727 | ||||||
|
|
Security | Shares | Value | ||||||
Industrial Conglomerates — 0.2% |
| |||||||
3M Co. |
272,148 | $ | 40,517,394 | |||||
Honeywell International Inc. |
486,394 | 94,642,545 | ||||||
|
|
|||||||
135,159,939 | ||||||||
Insurance — 0.3% | ||||||||
Alleghany Corp.(a) |
4,741 | 4,015,627 | ||||||
Aon PLC, Class A |
423,914 | 138,039,116 | ||||||
Arch Capital Group Ltd.(a)(b) |
287,196 | 13,906,030 | ||||||
Brown & Brown Inc. |
44,067 | 3,184,722 | ||||||
Erie Indemnity Co., Class A, NVS |
60,490 | 10,654,104 | ||||||
Everest Re Group Ltd. |
26,581 | 8,010,982 | ||||||
GoHealth Inc., Class A(a)(b) |
52 | 61 | ||||||
Lemonade Inc.(a)(b) |
6 | 158 | ||||||
Lincoln National Corp. |
88,813 | 5,804,818 | ||||||
Markel Corp.(a)(b) |
7,738 | 11,415,407 | ||||||
Marsh & McLennan Companies Inc. |
199,841 | 34,056,903 | ||||||
RenaissanceRe Holdings Ltd. |
61,067 | 9,679,730 | ||||||
|
|
|||||||
238,767,658 | ||||||||
Interactive Media & Services — 9.1% | ||||||||
Alphabet Inc., Class A(a) |
850,755 | 2,366,247,419 | ||||||
Alphabet Inc., Class C, NVS(a) |
782,507 | 2,185,534,226 | ||||||
Match Group Inc.(a)(b) |
932,823 | 101,435,173 | ||||||
Meta Platforms Inc, Class A(a) |
7,576,830 | 1,684,783,919 | ||||||
Pinterest Inc., Class A(a) |
1,869,342 | 46,004,506 | ||||||
TripAdvisor Inc.(a)(b) |
222,756 | 6,041,143 | ||||||
Twitter Inc.(a) |
267,588 | 10,352,980 | ||||||
Vimeo Inc.(a)(b) |
432,924 | 5,143,137 | ||||||
|
|
|||||||
6,405,542,503 | ||||||||
Internet & Direct Marketing Retail — 6.9% | ||||||||
Amazon.com Inc.(a) |
1,425,834 | 4,648,147,548 | ||||||
DoorDash Inc., Class A(a)(b) |
423,079 | 49,580,628 | ||||||
eBay Inc. |
2,063,076 | 118,131,732 | ||||||
Etsy Inc.(a)(b) |
411,427 | 51,132,148 | ||||||
Wayfair Inc., Class A(a)(b) |
140,821 | 15,600,150 | ||||||
|
|
|||||||
4,882,592,206 | ||||||||
IT Services — 6.6% | ||||||||
Accenture PLC, Class A |
1,679,657 | 566,430,730 | ||||||
Automatic Data Processing Inc. |
1,269,388 | 288,836,545 | ||||||
Block Inc.(a)(b) |
1,574,800 | 213,542,880 | ||||||
Broadridge Financial Solutions Inc. |
341,922 | 53,240,675 | ||||||
Cloudflare Inc., Class A(a) |
809,401 | 96,885,300 | ||||||
EPAM Systems Inc.(a) |
174,364 | 51,718,106 | ||||||
Euronet Worldwide Inc.(a)(b) |
121,987 | 15,876,608 | ||||||
Fiserv Inc.(a)(b) |
139,469 | 14,142,157 | ||||||
FleetCor Technologies Inc.(a) |
60,071 | 14,961,283 | ||||||
Gartner Inc.(a)(b) |
263,506 | 78,382,495 | ||||||
Genpact Ltd. |
12 | 522 | ||||||
Globant SA(a)(b) |
134,852 | 35,340,664 | ||||||
GoDaddy Inc., Class A(a) |
55,793 | 4,669,874 | ||||||
Jack Henry & Associates Inc. |
59,147 | 11,654,916 | ||||||
Mastercard Inc., Class A |
2,835,912 | 1,013,498,230 | ||||||
MongoDB Inc.(a)(b) |
209,339 | 92,860,687 | ||||||
Okta Inc.(a) |
415,917 | 62,786,830 | ||||||
Paychex Inc. |
926,729 | 126,470,707 | ||||||
PayPal Holdings Inc.(a) |
3,859,319 | 446,330,242 | ||||||
Sabre Corp.(a) |
1,034,588 | 11,825,341 | ||||||
Shift4 Payments Inc., Class A(a)(b) |
139,871 | 8,662,211 | ||||||
Snowflake Inc., Class A(a)(b) |
624,931 | 143,190,440 | ||||||
StoneCo Ltd., Class A(a)(b) |
714,298 | 8,357,287 | ||||||
Switch Inc., Class A |
374,118 | 11,530,317 |
S C H E D U L E O F I N V E S T M E N T S |
51 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
IT Services (continued) |
||||||||
Thoughtworks Holding Inc.(a) |
18 | $ | 375 | |||||
Twilio Inc., Class A(a) |
153,578 | 25,311,190 | ||||||
Visa Inc., Class A |
5,450,966 | 1,208,860,730 | ||||||
Western Union Co. (The) |
288,588 | 5,408,139 | ||||||
WEX Inc.(a)(b) |
97,611 | 17,418,683 | ||||||
Wix.com Ltd.(a) |
170,227 | 17,781,912 | ||||||
|
|
|||||||
4,645,976,076 | ||||||||
Leisure Products — 0.1% | ||||||||
Brunswick Corp./DE |
24,863 | 2,011,168 | ||||||
Mattel Inc.(a)(b) |
1,162,779 | 25,825,322 | ||||||
Peloton Interactive Inc., Class A(a)(b) |
968,557 | 25,589,276 | ||||||
Polaris Inc. |
125,245 | 13,190,803 | ||||||
YETI Holdings Inc.(a)(b) |
288,373 | 17,296,613 | ||||||
|
|
|||||||
83,913,182 | ||||||||
Life Sciences Tools & Services — 1.4% | ||||||||
10X Genomics Inc., Class A(a) |
277,089 | 21,078,160 | ||||||
Adaptive Biotechnologies Corp.(a)(b) |
315,886 | 4,384,498 | ||||||
Agilent Technologies Inc. |
881,601 | 116,662,260 | ||||||
Avantor Inc.(a)(b) |
1,984,565 | 67,117,988 | ||||||
Azenta Inc. |
204,961 | 16,987,168 | ||||||
Bio-Techne Corp. |
129,668 | 56,151,431 | ||||||
Bruker Corp.(b) |
342,507 | 22,023,200 | ||||||
Charles River Laboratories International Inc.(a) |
151,942 | 43,146,970 | ||||||
Danaher Corp. |
109,727 | 32,186,221 | ||||||
Illumina Inc.(a) |
477,741 | 166,922,705 | ||||||
IQVIA Holdings Inc.(a)(b) |
306,931 | 70,965,517 | ||||||
Maravai LifeSciences Holdings Inc., Class A(a) |
369,753 | 13,041,188 | ||||||
Mettler-Toledo International Inc.(a) |
74,557 | 102,380,927 | ||||||
Repligen Corp.(a) |
167,349 | 31,476,673 | ||||||
Sotera Health Co.(a)(b) |
292,028 | 6,325,327 | ||||||
Syneos Health Inc.(a) |
42,751 | 3,460,693 | ||||||
Thermo Fisher Scientific Inc. |
115,410 | 68,166,917 | ||||||
Waters Corp.(a) |
185,421 | 57,552,824 | ||||||
West Pharmaceutical Services Inc. |
239,823 | 98,497,704 | ||||||
|
|
|||||||
998,528,371 | ||||||||
Machinery — 1.5% | ||||||||
AGCO Corp. |
20,034 | 2,925,565 | ||||||
Allison Transmission Holdings Inc. |
253,420 | 9,949,269 | ||||||
Caterpillar Inc. |
1,531,131 | 341,166,610 | ||||||
Deere & Co. |
915,617 | 380,402,239 | ||||||
Donaldson Co. Inc. |
47,397 | 2,461,326 | ||||||
Graco Inc. |
349,213 | 24,347,130 | ||||||
Illinois Tool Works Inc. |
926,681 | 194,047,002 | ||||||
Lincoln Electric Holdings Inc. |
187,752 | 25,874,103 | ||||||
Middleby Corp. (The)(a) |
57,907 | 9,493,274 | ||||||
Nordson Corp. |
32,336 | 7,342,859 | ||||||
Parker-Hannifin Corp. |
69,753 | 19,793,111 | ||||||
Toro Co. (The) |
318,625 | 27,239,251 | ||||||
Xylem Inc./NY |
383,162 | 32,668,392 | ||||||
|
|
|||||||
1,077,710,131 | ||||||||
Media — 0.3% | ||||||||
Altice USA Inc., Class A(a) |
495,287 | 6,181,182 | ||||||
Cable One Inc. |
9,770 | 14,305,625 | ||||||
Charter Communications Inc., Class A(a) |
374,601 | 204,352,337 | ||||||
Nexstar Media Group Inc., Class A |
8,758 | 1,650,708 | ||||||
|
|
|||||||
226,489,852 | ||||||||
Metals & Mining — 0.1% | ||||||||
Freeport-McMoRan Inc. |
1,404,344 | 69,852,071 | ||||||
Southern Copper Corp. |
259,639 | 19,706,600 |
Security | Shares | Value | ||||||
Metals & Mining (continued) |
||||||||
Steel Dynamics Inc. |
115,154 | $ | 9,607,298 | |||||
|
|
|||||||
99,165,969 | ||||||||
Multiline Retail — 0.3% | ||||||||
Dollar General Corp. |
330,409 | 73,558,956 | ||||||
Nordstrom Inc. |
303,498 | 8,227,831 | ||||||
Target Corp. |
704,414 | 149,490,739 | ||||||
|
|
|||||||
231,277,526 | ||||||||
Oil, Gas & Consumable Fuels — 0.5% | ||||||||
Cheniere Energy Inc. |
765,527 | 106,140,319 | ||||||
Continental Resources Inc./OK |
8 | 491 | ||||||
Coterra Energy Inc. |
443,794 | 11,969,124 | ||||||
Diamondback Energy Inc. |
279,528 | 38,317,698 | ||||||
EOG Resources Inc. |
232,981 | 27,778,325 | ||||||
Hess Corp. |
61,461 | 6,578,786 | ||||||
New Fortress Energy Inc. |
86,292 | 3,676,902 | ||||||
Occidental Petroleum Corp. |
362,464 | 20,566,207 | ||||||
Pioneer Natural Resources Co. |
315,567 | 78,901,217 | ||||||
Texas Pacific Land Corp. |
19,721 | 26,664,961 | ||||||
|
|
|||||||
320,594,030 | ||||||||
Paper & Forest Products — 0.0% | ||||||||
Louisiana-Pacific Corp. |
22,781 | 1,415,156 | ||||||
|
|
|||||||
Personal Products — 0.3% |
||||||||
Estee Lauder Companies Inc. (The), Class A |
751,735 | 204,712,475 | ||||||
Herbalife Nutrition Ltd.(a)(b) |
59,380 | 1,802,777 | ||||||
Olaplex Holdings Inc.(a) |
20 | 313 | ||||||
|
|
|||||||
206,515,565 | ||||||||
Pharmaceuticals — 1.3% | ||||||||
Catalent Inc.(a) |
130,896 | 14,516,367 | ||||||
Eli Lilly & Co. |
2,199,787 | 629,953,003 | ||||||
Royalty Pharma PLC, Class A |
629,993 | 24,544,527 | ||||||
Zoetis Inc. |
1,478,173 | 278,768,646 | ||||||
|
|
|||||||
947,782,543 | ||||||||
Professional Services — 0.4% | ||||||||
Booz Allen Hamilton Holding Corp. |
428,737 | 37,660,258 | ||||||
CoStar Group Inc.(a) |
988,874 | 65,868,897 | ||||||
Equifax Inc. |
153,780 | 36,461,238 | ||||||
Legalzoomcom Inc.(a)(b) |
171,615 | 2,426,636 | ||||||
Robert Half International Inc. |
314,736 | 35,936,557 | ||||||
TransUnion |
426,251 | 44,048,778 | ||||||
Verisk Analytics Inc. |
329,761 | 70,776,604 | ||||||
|
|
|||||||
293,178,968 | ||||||||
Real Estate Management & Development — 0.1% | ||||||||
CBRE Group Inc., Class A(a) |
50,310 | 4,604,371 | ||||||
Opendoor Technologies Inc.(a)(b) |
246,525 | 2,132,441 | ||||||
Zillow Group Inc., Class A(a)(b) |
202,033 | 9,744,052 | ||||||
Zillow Group Inc., Class C, NVS(a)(b) |
541,070 | 26,669,340 | ||||||
|
|
|||||||
43,150,204 | ||||||||
Road & Rail — 1.0% | ||||||||
JB Hunt Transport Services Inc. |
244,492 | 49,091,548 | ||||||
Landstar System Inc. |
110,490 | 16,665,207 | ||||||
Lyft Inc., Class A(a)(b) |
978,928 | 37,590,835 | ||||||
Old Dominion Freight Line Inc. |
310,363 | 92,699,221 | ||||||
TuSimple Holdings Inc., Class A(a)(b) |
99,874 | 1,218,463 | ||||||
Uber Technologies Inc.(a) |
4,532,353 | 161,714,355 | ||||||
Union Pacific Corp. |
1,333,789 | 364,404,493 | ||||||
XPO Logistics Inc.(a) |
276,401 | 20,121,993 | ||||||
|
|
|||||||
743,506,115 |
52 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Semiconductors & Semiconductor Equipment — 8.5% |
| |||||||
Advanced Micro Devices Inc.(a) |
5,366,813 | $ | 586,807,333 | |||||
Allegro MicroSystems Inc.(a)(b) |
107,126 | 3,042,378 | ||||||
Analog Devices Inc. |
685,541 | 113,237,662 | ||||||
Applied Materials Inc. |
2,913,869 | 384,047,934 | ||||||
Broadcom Inc. |
1,326,062 | 834,994,720 | ||||||
Enphase Energy Inc.(a) |
426,431 | 86,045,247 | ||||||
Entegris Inc.(b) |
439,505 | 57,689,426 | ||||||
GLOBALFOUNDRIES Inc.(a)(b) |
80,651 | 5,034,235 | ||||||
KLA Corp. |
498,895 | 182,625,504 | ||||||
Lam Research Corp. |
462,516 | 248,653,227 | ||||||
Microchip Technology Inc. |
1,511,659 | 113,586,057 | ||||||
Micron Technology Inc. |
505,930 | 39,406,888 | ||||||
MKS Instruments Inc. |
150,171 | 22,525,650 | ||||||
Monolithic Power Systems Inc. |
149,454 | 72,586,819 | ||||||
NVIDIA Corp. |
7,859,261 | 2,144,477,957 | ||||||
NXP Semiconductors NV |
270,090 | 49,988,257 | ||||||
ON Semiconductor Corp.(a) |
760,100 | 47,589,861 | ||||||
QUALCOMM Inc. |
3,705,663 | 566,299,420 | ||||||
Skyworks Solutions Inc. |
258,124 | 34,402,767 | ||||||
Teradyne Inc. |
539,278 | 63,758,838 | ||||||
Texas Instruments Inc. |
1,883,735 | 345,627,698 | ||||||
Universal Display Corp. |
141,807 | 23,674,679 | ||||||
|
|
|||||||
6,026,102,557 | ||||||||
Software — 17.5% | ||||||||
Adobe Inc.(a) |
1,547,794 | 705,205,902 | ||||||
Alteryx Inc., Class A(a)(b) |
192,454 | 13,766,235 | ||||||
Anaplan Inc.(a) |
459,148 | 29,867,577 | ||||||
ANSYS Inc.(a) |
120,247 | 38,196,460 | ||||||
Aspen Technology Inc.(a)(b) |
221,331 | 36,601,507 | ||||||
Atlassian Corp. PLC, Class A(a)(b) |
458,925 | 134,845,933 | ||||||
Autodesk Inc.(a) |
724,080 | 155,206,548 | ||||||
Avalara Inc.(a)(b) |
280,875 | 27,949,871 | ||||||
Bentley Systems Inc., Class B(b) |
451,584 | 19,950,981 | ||||||
Bill.com Holdings Inc.(a)(b) |
305,700 | 69,329,703 | ||||||
C3.ai Inc., Class A(a)(b) |
20 | 454 | ||||||
Cadence Design Systems Inc.(a) |
901,293 | 148,226,647 | ||||||
CDK Global Inc.(b) |
58,482 | 2,846,904 | ||||||
Citrix Systems Inc. |
150,192 | 15,154,373 | ||||||
Coupa Software Inc.(a)(b) |
244,258 | 24,823,941 | ||||||
Crowdstrike Holdings Inc., Class A(a)(b) |
653,998 | 148,509,866 | ||||||
Datadog Inc., Class A(a) |
836,654 | 126,727,981 | ||||||
DocuSign Inc.(a)(b) |
632,664 | 67,770,968 | ||||||
DoubleVerify Holdings Inc.(a) |
196,196 | 4,938,253 | ||||||
Dropbox Inc., Class A(a) |
992,735 | 23,081,089 | ||||||
Duck Creek Technologies Inc.(a) |
54,743 | 1,210,915 | ||||||
Dynatrace Inc.(a) |
621,711 | 29,282,588 | ||||||
Elastic NV(a) |
248,884 | 22,138,232 | ||||||
Everbridge Inc.(a) |
133,751 | 5,836,894 | ||||||
Fair Isaac Corp.(a) |
83,249 | 38,832,328 | ||||||
Five9 Inc.(a)(b) |
216,574 | 23,909,770 | ||||||
Fortinet Inc.(a) |
439,220 | 150,099,043 | ||||||
HubSpot Inc.(a)(b) |
148,702 | 70,624,528 | ||||||
Informatica Inc.(a)(b) |
42,118 | 831,409 | ||||||
Intuit Inc. |
871,690 | 419,143,420 | ||||||
Jamf Holding Corp.(a)(b) |
141,688 | 4,932,159 | ||||||
Mandiant Inc.(a) |
223,724 | 4,991,282 | ||||||
Manhattan Associates Inc.(a) |
114,858 | 15,931,953 | ||||||
Microsoft Corp. |
24,757,875 | 7,633,100,441 | ||||||
nCino Inc.(a)(b) |
167,454 | 6,862,265 | ||||||
NCR Corp.(a)(b) |
141,166 | 5,673,462 |
Security | Shares | Value | ||||||
Software (continued) |
||||||||
New Relic Inc.(a)(b) |
179,444 | $ | 12,001,215 | |||||
NortonLifeLock Inc. |
500,188 | 13,264,986 | ||||||
Nutanix Inc., Class A(a) |
717,566 | 19,245,120 | ||||||
Oracle Corp. |
4,933,837 | 408,176,335 | ||||||
Palantir Technologies Inc., Class A(a)(b) |
5,492,989 | 75,418,739 | ||||||
Palo Alto Networks Inc.(a)(b) |
317,401 | 197,585,296 | ||||||
Paycom Software Inc.(a) |
159,929 | 55,396,207 | ||||||
Paycor HCM Inc.(a)(b) |
103,634 | 3,016,786 | ||||||
Paylocity Holding Corp.(a)(b) |
130,857 | 26,926,445 | ||||||
Pegasystems Inc. |
120,746 | 9,738,165 | ||||||
Procore Technologies Inc.(a)(b) |
128,756 | 7,462,698 | ||||||
PTC Inc.(a)(b) |
342,764 | 36,922,538 | ||||||
RingCentral Inc., Class A(a) |
268,082 | 31,421,891 | ||||||
salesforce.com Inc.(a) |
591,062 | 125,494,284 | ||||||
ServiceNow Inc.(a) |
655,430 | 365,002,413 | ||||||
Smartsheet Inc., Class A(a)(b) |
387,574 | 21,231,304 | ||||||
Splunk Inc.(a)(b) |
519,485 | 77,200,666 | ||||||
Synopsys Inc.(a)(b) |
316,014 | 105,317,986 | ||||||
Teradata Corp.(a) |
287,431 | 14,167,474 | ||||||
Trade Desk Inc. (The), Class A(a)(b) |
1,433,280 | 99,254,640 | ||||||
Tyler Technologies Inc.(a)(b) |
113,359 | 50,432,285 | ||||||
Unity Software Inc.(a)(b) |
501,000 | 49,704,210 | ||||||
VMware Inc., Class A |
274,272 | 31,231,353 | ||||||
Workday Inc., Class A(a) |
629,499 | 150,739,830 | ||||||
Zendesk Inc.(a)(b) |
390,335 | 46,953,397 | ||||||
Zoom Video Communications Inc., Class A(a) |
717,723 | 84,138,667 | ||||||
Zscaler Inc.(a)(b) |
260,734 | 62,909,899 | ||||||
|
|
|||||||
12,406,756,711 | ||||||||
Specialty Retail — 3.3% | ||||||||
AutoZone Inc.(a) |
14,328 | 29,294,742 | ||||||
Bath & Body Works Inc. |
439,135 | 20,990,653 | ||||||
Best Buy Co. Inc. |
178,261 | 16,203,925 | ||||||
Burlington Stores Inc.(a)(b) |
202,595 | 36,906,731 | ||||||
CarMax Inc.(a)(b) |
45,913 | 4,429,686 | ||||||
Carvana Co.(a)(b) |
255,983 | 30,536,212 | ||||||
Five Below Inc.(a)(b) |
183,608 | 29,077,999 | ||||||
Floor & Decor Holdings Inc., Class A(a)(b) |
337,885 | 27,368,685 | ||||||
GameStop Corp., Class A(a)(b) |
210,216 | 35,017,781 | ||||||
Home Depot Inc. (The) |
3,430,826 | 1,026,949,147 | ||||||
Leslie’s Inc.(a)(b) |
449,518 | 8,702,669 | ||||||
Lithia Motors Inc. |
8,582 | 2,575,630 | ||||||
Lowe’s Companies Inc. |
2,214,686 | 447,787,362 | ||||||
O’Reilly Automotive Inc.(a) |
67,519 | 46,247,814 | ||||||
Petco Health & Wellness Co. Inc.(a)(b) |
16 | 313 | ||||||
RH(a) |
56,469 | 18,413,976 | ||||||
Ross Stores Inc. |
1,155,159 | 104,495,683 | ||||||
TJX Companies Inc. (The) |
3,919,704 | 237,455,668 | ||||||
Tractor Supply Co. |
374,586 | 87,417,135 | ||||||
Ulta Salon Cosmetics & Fragrance Inc.(a) |
172,402 | 68,653,925 | ||||||
Victoria’s Secret & Co.(a)(b) |
138,239 | 7,099,955 | ||||||
Vroom Inc.(a)(b) |
36 | 96 | ||||||
Williams-Sonoma Inc. |
179,718 | 26,059,110 | ||||||
|
|
|||||||
2,311,684,897 | ||||||||
Technology Hardware, Storage & Peripherals — 12.7% |
| |||||||
Apple Inc. |
50,707,832 | 8,854,094,546 | ||||||
Dell Technologies Inc., Class C(a) |
429,086 | 21,535,826 | ||||||
HP Inc. |
1,229,314 | 44,624,098 | ||||||
NetApp Inc. |
487,792 | 40,486,736 |
S C H E D U L E O F I N V E S T M E N T S |
53 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Technology Hardware, Storage & Peripherals (continued) |
| |||||||
Pure Storage Inc., Class A(a)(b) |
837,804 | $ | 29,582,859 | |||||
|
|
|||||||
8,990,324,065 | ||||||||
Textiles, Apparel & Luxury Goods — 1.0% | ||||||||
Columbia Sportswear Co. |
4 | 362 | ||||||
Deckers Outdoor Corp.(a) |
12,775 | 3,497,412 | ||||||
Hanesbrands Inc. |
719,641 | 10,715,454 | ||||||
Lululemon Athletica Inc.(a) |
376,190 | 137,395,874 | ||||||
Nike Inc., Class B |
4,068,287 | 547,428,699 | ||||||
Skechers U.S.A. Inc., Class A(a)(b) |
30,938 | 1,261,033 | ||||||
Tapestry Inc. |
72,936 | 2,709,572 | ||||||
VF Corp. |
675,541 | 38,411,261 | ||||||
|
|
|||||||
741,419,667 | ||||||||
Thrifts & Mortgage Finance — 0.0% | ||||||||
Rocket Companies Inc., Class A(b) |
499,346 | 5,552,727 | ||||||
UWM Holdings Corp. |
148,828 | 674,191 | ||||||
|
|
|||||||
6,226,918 | ||||||||
Tobacco — 0.2% | ||||||||
Altria Group Inc. |
3,331,657 | 174,079,078 | ||||||
|
|
|||||||
Trading Companies & Distributors — 0.3% |
| |||||||
Core & Main Inc., Class A(a)(b) |
95,053 | 2,299,332 | ||||||
Fastenal Co. |
1,670,251 | 99,212,909 | ||||||
SiteOne Landscape Supply Inc.(a) |
74,409 | 12,031,191 | ||||||
United Rentals Inc.(a) |
82,141 | 29,177,305 | ||||||
WW Grainger Inc. |
125,329 | 64,643,445 | ||||||
|
|
|||||||
207,364,182 | ||||||||
|
|
|||||||
Total
Common Stocks — 99.8% |
70,631,705,999 | |||||||
|
|
Security | Shares | Value | ||||||
Short-Term Investments |
| |||||||
Money Market Funds — 1.8% |
| |||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.34%(c)(d)(e) |
1,167,710,788 | $ | 1,167,477,245 | |||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.25%(c)(d) |
91,770,000 | 91,770,000 | ||||||
|
|
|||||||
1,259,247,245 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 1.8% |
|
1,259,247,245 | ||||||
|
|
|||||||
Total
Investments in Securities — 101.6% |
|
71,890,953,244 | ||||||
Other Assets, Less Liabilities — (1.6)% |
|
(1,156,195,643 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
|
$ | 70,734,757,601 | |||||
|
|
(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 year ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
||||||||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value
at 03/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value
at 03/31/22 |
Shares Held at 03/31/22 |
Income |
Capital Gain |
|||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 986,160,919 | $ | 182,162,326 | (a) | $ | — | $ | (189,977 | ) | $ | (656,023 | ) | $ | 1,167,477,245 | 1,167,710,788 | $ | 2,902,955 | (b) | $ | — | |||||||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
77,470,000 | 14,300,000 | (a) | — | — | — | 91,770,000 | 91,770,000 | 21,993 | — | ||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
$ | (189,977 | ) | $ | (656,023 | ) | $ | 1,259,247,245 | $ | 2,924,948 | $ | — | |||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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. |
54 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Growth 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 |
||||||||||||||||
Nasdaq 100 E-Mini Index |
260 | 06/17/22 | $77,317 | $ | 7,030,778 | |||||||||||
S&P 500 E-Mini Index |
72 | 06/17/22 | 16,311 | 1,034,375 | ||||||||||||
|
|
|||||||||||||||
$ | 8,065,153 | |||||||||||||||
|
|
Derivative Financial Instruments Categorized by Risk Exposure
As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:
|
||||
Equity Contracts |
||||
|
||||
Assets — Derivative Financial Instruments |
||||
Futures contracts |
||||
Unrealized appreciation on futures contracts(a) |
$ | 8,065,153 | ||
|
|
(a) |
Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss). |
For the period ended March 31, 2022, the effect of derivative financial instruments in the Statements of Operations was as follows:
|
||||
Equity Contracts |
||||
|
||||
Net Realized Gain (Loss) from: |
||||
Futures contracts |
$ | 2,992,559 | ||
|
|
|||
Net Change in Unrealized Appreciation (Depreciation) on: |
||||
Futures contracts |
$ | 7,130,233 | ||
|
|
Average Quarterly Balances of Outstanding Derivative Financial Instruments
|
||||
Futures contracts: |
||||
Average notional value of contracts — long |
$ | 102,038,704 | ||
|
For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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 | |||||||||||||
|
||||||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Common Stocks |
$ | 70,631,705,999 | $ | — | $ | — | $ | 70,631,705,999 | ||||||||
Money Market Funds |
1,259,247,245 | — | — | 1,259,247,245 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 71,890,953,244 | $ | — | $ | — | $ | 71,890,953,244 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Derivative financial instruments(a) |
||||||||||||||||
Assets |
||||||||||||||||
Futures Contracts |
$ | 8,065,153 | $ | — | $ | — | $ | 8,065,153 | ||||||||
|
|
|
|
|
|
|
|
(a) |
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
See notes to financial statements.
S C H E D U L E O F I N V E S T M E N T S |
55 |
Schedule of Investments March 31, 2022 |
iShares® Russell 1000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
||||||||
Aerospace & Defense — 2.6% |
||||||||
Boeing Co. (The)(a) |
1,492,625 | $ | 285,837,687 | |||||
BWX Technologies Inc. |
63,176 | 3,402,659 | ||||||
Curtiss-Wright Corp. |
111,612 | 16,759,658 | ||||||
General Dynamics Corp. |
691,744 | 166,834,818 | ||||||
HEICO Corp.(b) |
84,292 | 12,942,194 | ||||||
HEICO Corp., Class A |
146,590 | 18,592,010 | ||||||
Hexcel Corp. |
230,883 | 13,730,612 | ||||||
Howmet Aerospace Inc. |
982,493 | 35,310,798 | ||||||
Huntington Ingalls Industries Inc. |
110,666 | 22,071,227 | ||||||
L3Harris Technologies Inc. |
543,887 | 135,139,603 | ||||||
Lockheed Martin Corp. |
85,397 | 37,694,236 | ||||||
Mercury Systems Inc.(a)(b) |
156,163 | 10,064,705 | ||||||
Northrop Grumman Corp. |
372,686 | 166,672,633 | ||||||
Raytheon Technologies Corp. |
4,169,817 | 413,103,770 | ||||||
Spirit AeroSystems Holdings Inc., Class A(b) |
206,250 | 10,083,563 | ||||||
Textron Inc. |
615,131 | 45,753,444 | ||||||
TransDigm Group Inc.(a)(b) |
103,528 | 67,452,633 | ||||||
Virgin Galactic Holdings Inc.(a)(b) |
24 | 237 | ||||||
Woodward Inc. |
171,934 | 21,476,276 | ||||||
|
|
|||||||
1,482,922,763 | ||||||||
Air Freight & Logistics — 0.2% | ||||||||
CH Robinson Worldwide Inc. |
290,799 | 31,321,960 | ||||||
Expeditors International of Washington Inc. |
127,942 | 13,198,497 | ||||||
FedEx Corp. |
384,678 | 89,010,642 | ||||||
GXO Logistics Inc.(a)(b) |
37,950 | 2,707,353 | ||||||
|
|
|||||||
136,238,452 | ||||||||
Airlines — 0.3% | ||||||||
Alaska Air Group Inc.(a) |
343,985 | 19,954,570 | ||||||
American Airlines Group Inc.(a)(b) |
1,773,492 | 32,366,229 | ||||||
Copa Holdings SA, Class A, NVS(a)(b) |
82,612 | 6,909,668 | ||||||
JetBlue Airways Corp.(a) |
870,775 | 13,018,086 | ||||||
Southwest Airlines Co.(a) |
1,641,719 | 75,190,730 | ||||||
United Airlines Holdings Inc.(a)(b) |
891,731 | 41,340,649 | ||||||
|
|
|||||||
188,779,932 | ||||||||
Auto Components — 0.2% | ||||||||
Aptiv PLC(a) |
611,756 | 73,233,311 | ||||||
BorgWarner Inc. |
654,659 | 25,466,235 | ||||||
Gentex Corp. |
662,137 | 19,314,536 | ||||||
Lear Corp. |
164,056 | 23,392,745 | ||||||
QuantumScape Corp.(a)(b) |
193,640 | 3,870,864 | ||||||
|
|
|||||||
145,277,691 | ||||||||
Automobiles — 0.7% | ||||||||
Ford Motor Co. |
10,915,164 | 184,575,423 | ||||||
General Motors Co.(a) |
3,823,654 | 167,246,626 | ||||||
Harley-Davidson Inc. |
433,152 | 17,066,189 | ||||||
Rivian Automotive Inc., Class A(a)(b) |
311,953 | 15,672,519 | ||||||
Thor Industries Inc. |
85,322 | 6,714,841 | ||||||
|
|
|||||||
391,275,598 | ||||||||
Banks — 7.6% | ||||||||
Bank of America Corp. |
19,801,265 | 816,208,143 | ||||||
Bank of Hawaii Corp. |
106,008 | 8,896,191 | ||||||
Bank OZK |
323,456 | 13,811,571 | ||||||
BOK Financial Corp. |
84,763 | 7,963,484 | ||||||
Citigroup Inc. |
5,518,856 | 294,706,910 | ||||||
Citizens Financial Group Inc. |
980,644 | 44,452,593 | ||||||
Comerica Inc. |
366,482 | 33,140,967 | ||||||
Commerce Bancshares Inc. |
307,141 | 21,988,224 |
Security | Shares | Value | ||||||
Banks (continued) |
||||||||
Cullen/Frost Bankers Inc. |
158,630 | $ | 21,955,978 | |||||
East West Bancorp. Inc. |
387,016 | 30,582,004 | ||||||
Fifth Third Bancorp |
1,894,003 | 81,517,889 | ||||||
First Citizens BancShares Inc./NC, Class A |
33,718 | 22,442,701 | ||||||
First Hawaiian Inc. |
350,496 | 9,775,333 | ||||||
First Horizon Corp. |
1,464,022 | 34,389,877 | ||||||
First Republic Bank/CA |
493,793 | 80,043,845 | ||||||
FNB Corp. |
942,921 | 11,739,367 | ||||||
Huntington Bancshares Inc./OH |
3,990,463 | 58,340,569 | ||||||
JPMorgan Chase & Co. |
8,176,887 | 1,114,673,236 | ||||||
KeyCorp |
2,578,696 | 57,711,217 | ||||||
M&T Bank Corp. |
358,774 | 60,812,193 | ||||||
PacWest Bancorp |
332,370 | 14,335,118 | ||||||
People’s United Financial Inc. |
1,174,343 | 23,475,117 | ||||||
Pinnacle Financial Partners Inc. |
203,991 | 18,783,491 | ||||||
PNC Financial Services Group Inc. (The) |
1,183,107 | 218,224,086 | ||||||
Popular Inc. |
219,406 | 17,934,246 | ||||||
Prosperity Bancshares Inc. |
245,467 | 17,030,501 | ||||||
Regions Financial Corp. |
2,689,194 | 59,861,459 | ||||||
Signature Bank/New York NY |
171,178 | 50,239,031 | ||||||
SVB Financial Group(a) |
157,762 | 88,259,951 | ||||||
Synovus Financial Corp. |
383,351 | 18,784,199 | ||||||
Truist Financial Corp. |
3,697,997 | 209,676,430 | ||||||
U.S. Bancorp |
3,743,693 | 198,977,283 | ||||||
Umpqua Holdings Corp. |
625,229 | 11,791,819 | ||||||
Webster Financial Corp. |
501,923 | 28,167,919 | ||||||
Wells Fargo & Co. |
10,829,159 | 524,781,045 | ||||||
Western Alliance Bancorp |
136,792 | 11,329,113 | ||||||
Wintrust Financial Corp. |
155,893 | 14,487,137 | ||||||
Zions Bancorp. N.A |
415,309 | 27,227,658 | ||||||
|
|
|||||||
4,378,517,895 | ||||||||
Beverages — 0.9% | ||||||||
Brown-Forman Corp., Class A |
55,807 | 3,501,331 | ||||||
Brown-Forman Corp., Class B, NVS |
259,305 | 17,378,621 | ||||||
Coca-Cola Co. (The) |
3,175,259 | 196,866,058 | ||||||
Constellation Brands Inc., Class A |
433,379 | 99,815,851 | ||||||
Keurig Dr Pepper Inc. |
1,942,249 | 73,611,237 | ||||||
Molson Coors Beverage Co., Class B |
499,349 | 26,655,250 | ||||||
Monster Beverage Corp.(a)(b) |
72,139 | 5,763,906 | ||||||
PepsiCo Inc. |
653,354 | 109,358,393 | ||||||
|
|
|||||||
532,950,647 | ||||||||
Biotechnology — 1.4% | ||||||||
Amgen Inc. |
275,070 | 66,517,427 | ||||||
Biogen Inc.(a)(b) |
405,078 | 85,309,427 | ||||||
BioMarin Pharmaceutical Inc.(a) |
513,124 | 39,561,860 | ||||||
Exact Sciences Corp.(a) |
35,811 | 2,503,905 | ||||||
Exelixis Inc.(a) |
122,020 | 2,766,193 | ||||||
Gilead Sciences Inc. |
3,491,970 | 207,597,616 | ||||||
Horizon Therapeutics PLC(a) |
492,748 | 51,842,017 | ||||||
Incyte Corp.(a) |
72,951 | 5,793,768 | ||||||
Ionis Pharmaceuticals Inc.(a)(b) |
30,285 | 1,121,756 | ||||||
Iovance Biotherapeutics Inc.(a)(b) |
311,344 | 5,183,878 | ||||||
Mirati Therapeutics Inc.(a)(b) |
19,581 | 1,609,950 | ||||||
Natera Inc.(a) |
15,429 | 627,652 | ||||||
Regeneron Pharmaceuticals Inc.(a) |
254,511 | 177,755,573 | ||||||
Sage Therapeutics Inc.(a)(b) |
130,245 | 4,311,110 | ||||||
Seagen Inc.(a) |
40,087 | 5,774,532 | ||||||
Ultragenyx Pharmaceutical Inc.(a)(b) |
43,659 | 3,170,517 | ||||||
United Therapeutics Corp.(a) |
120,521 | 21,622,673 |
56 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
Vertex Pharmaceuticals Inc.(a) |
424,612 | $ | 110,810,994 | |||||
|
|
|||||||
793,880,848 | ||||||||
Building Products — 0.8% | ||||||||
A O Smith Corp. |
360,649 | 23,041,864 | ||||||
Allegion PLC |
55,644 | 6,108,598 | ||||||
Armstrong World Industries Inc. |
73,676 | 6,631,577 | ||||||
AZEK Co. Inc. (The)(a)(b) |
158,512 | 3,937,438 | ||||||
Builders FirstSource Inc.(a) |
529,303 | 34,161,216 | ||||||
Carlisle Companies Inc. |
87,828 | 21,598,662 | ||||||
Carrier Global Corp. |
1,267,144 | 58,123,895 | ||||||
Fortune Brands Home & Security Inc. |
283,067 | 21,026,217 | ||||||
Hayward Holdings Inc.(a)(b) |
137,466 | 2,284,685 | ||||||
Johnson Controls International PLC |
1,955,545 | 128,225,086 | ||||||
Lennox International Inc. |
92,351 | 23,813,629 | ||||||
Masco Corp. |
660,974 | 33,709,674 | ||||||
Owens Corning |
282,493 | 25,848,109 | ||||||
Trane Technologies PLC |
332,689 | 50,801,610 | ||||||
|
|
|||||||
439,312,260 | ||||||||
Capital Markets — 4.8% | ||||||||
Affiliated Managers Group Inc. |
114,129 | 16,086,483 | ||||||
Ameriprise Financial Inc. |
138,480 | 41,593,853 | ||||||
Ares Management Corp., Class A |
45,619 | 3,705,631 | ||||||
Bank of New York Mellon Corp. (The) |
2,055,843 | 102,031,488 | ||||||
BlackRock Inc.(c) |
397,613 | 303,843,926 | ||||||
Carlyle Group Inc. (The) |
443,546 | 21,693,835 | ||||||
Cboe Global Markets Inc. |
292,520 | 33,470,138 | ||||||
Charles Schwab Corp. (The) |
4,190,081 | 353,265,729 | ||||||
CME Group Inc. |
999,464 | 237,732,507 | ||||||
Evercore Inc., Class A |
104,341 | 11,615,240 | ||||||
FactSet Research Systems Inc. |
14,304 | 6,210,082 | ||||||
Franklin Resources Inc. |
789,169 | 22,033,599 | ||||||
Goldman Sachs Group Inc. (The) |
857,618 | 283,099,702 | ||||||
Interactive Brokers Group Inc., Class A |
220,299 | 14,519,907 | ||||||
Intercontinental Exchange Inc. |
1,546,413 | 204,312,086 | ||||||
Invesco Ltd. |
913,236 | 21,059,222 | ||||||
Janus Henderson Group PLC |
473,667 | 16,587,818 | ||||||
Jefferies Financial Group Inc. |
597,403 | 19,624,689 | ||||||
KKR & Co. Inc. |
1,542,567 | 90,193,893 | ||||||
Lazard Ltd., Class A |
276,800 | 9,549,600 | ||||||
Moody’s Corp. |
23,822 | 8,037,781 | ||||||
Morgan Stanley |
3,684,375 | 322,014,375 | ||||||
Morningstar Inc. |
5,961 | 1,628,366 | ||||||
MSCI Inc. |
63,833 | 32,100,339 | ||||||
Nasdaq Inc. |
322,864 | 57,534,365 | ||||||
Northern Trust Corp. |
570,490 | 66,433,561 | ||||||
Raymond James Financial Inc. |
486,910 | 53,516,278 | ||||||
S&P Global Inc. |
489,756 | 200,888,116 | ||||||
SEI Investments Co. |
300,183 | 18,074,018 | ||||||
State Street Corp. |
1,012,203 | 88,183,125 | ||||||
Stifel Financial Corp. |
278,713 | 18,924,613 | ||||||
T Rowe Price Group Inc. |
424,818 | 64,228,233 | ||||||
Tradeweb Markets Inc., Class A(b) |
287,067 | 25,224,577 | ||||||
Virtu Financial Inc., Class A |
249,718 | 9,294,504 | ||||||
|
|
|||||||
2,778,311,679 | ||||||||
Chemicals — 2.0% | ||||||||
Air Products and Chemicals Inc. |
614,772 | 153,637,671 | ||||||
Albemarle Corp. |
322,418 | 71,302,741 | ||||||
Ashland Global Holdings Inc. |
143,570 | 14,128,724 | ||||||
Axalta Coating Systems Ltd.(a)(b) |
469,438 | 11,538,786 |
Security | Shares | Value | ||||||
Chemicals (continued) |
||||||||
Celanese Corp. |
194,531 | $ | 27,792,644 | |||||
CF Industries Holdings Inc. |
594,098 | 61,227,740 | ||||||
Chemours Co. (The) |
214,918 | 6,765,619 | ||||||
Corteva Inc. |
2,028,577 | 116,602,606 | ||||||
Diversey Holdings Ltd.(a) |
44 | 333 | ||||||
Dow Inc. |
1,904,003 | 121,323,071 | ||||||
DuPont de Nemours Inc. |
1,433,192 | 105,454,267 | ||||||
Eastman Chemical Co. |
371,666 | 41,648,892 | ||||||
Ecolab Inc. |
83,531 | 14,748,233 | ||||||
Element Solutions Inc. |
642,765 | 14,076,553 | ||||||
FMC Corp. |
263,022 | 34,605,805 | ||||||
Huntsman Corp. |
586,971 | 22,017,282 | ||||||
International Flavors & Fragrances Inc. |
708,043 | 92,987,287 | ||||||
LyondellBasell Industries NV, Class A |
633,658 | 65,152,716 | ||||||
Mosaic Co. (The) |
1,031,211 | 68,575,531 | ||||||
NewMarket Corp. |
18,531 | 6,011,086 | ||||||
Olin Corp. |
364,856 | 19,074,672 | ||||||
PPG Industries Inc. |
380,257 | 49,840,285 | ||||||
RPM International Inc. |
144,543 | 11,771,582 | ||||||
Valvoline Inc. |
493,940 | 15,588,746 | ||||||
Westlake Chemical Corp. |
73,896 | 9,118,766 | ||||||
|
|
|||||||
1,154,991,638 | ||||||||
Commercial Services & Supplies — 0.5% | ||||||||
Cintas Corp. |
15,417 | 6,558,238 | ||||||
Clean Harbors Inc.(a) |
139,505 | 15,574,338 | ||||||
Driven Brands Holdings Inc.(a)(b) |
142,990 | 3,757,777 | ||||||
MSA Safety Inc. |
71,225 | 9,451,558 | ||||||
Republic Services Inc. |
584,546 | 77,452,345 | ||||||
Rollins Inc. |
44,699 | 1,566,700 | ||||||
Stericycle Inc.(a)(b) |
258,897 | 15,254,211 | ||||||
Waste Management Inc. |
987,152 | 156,463,592 | ||||||
|
|
|||||||
286,078,759 | ||||||||
Communications Equipment — 1.6% | ||||||||
Arista Networks Inc.(a)(b) |
69,042 | 9,595,457 | ||||||
Ciena Corp.(a) |
422,933 | 25,642,428 | ||||||
Cisco Systems Inc. |
11,768,434 | 656,207,880 | ||||||
F5 Inc.(a) |
167,345 | 34,966,738 | ||||||
Juniper Networks Inc. |
890,918 | 33,106,513 | ||||||
Lumentum Holdings Inc.(a)(b) |
205,055 | 20,013,368 | ||||||
Motorola Solutions Inc. |
461,846 | 111,859,101 | ||||||
Ubiquiti Inc.(b) |
1,965 | 572,129 | ||||||
Viasat Inc.(a)(b) |
204,271 | 9,968,425 | ||||||
|
|
|||||||
901,932,039 | ||||||||
Construction & Engineering — 0.2% | ||||||||
AECOM |
372,956 | 28,646,750 | ||||||
MasTec Inc.(a)(b) |
160,339 | 13,965,527 | ||||||
MDU Resources Group Inc. |
567,026 | 15,111,243 | ||||||
Quanta Services Inc. |
394,737 | 51,951,336 | ||||||
Valmont Industries Inc. |
59,343 | 14,159,240 | ||||||
|
|
|||||||
123,834,096 | ||||||||
Construction Materials — 0.3% | ||||||||
Eagle Materials Inc. |
105,314 | 13,518,105 | ||||||
Martin Marietta Materials Inc. |
172,230 | 66,289,605 | ||||||
Vulcan Materials Co. |
369,648 | 67,904,337 | ||||||
|
|
|||||||
147,712,047 | ||||||||
Consumer Finance — 0.7% | ||||||||
Ally Financial Inc. |
941,207 | 40,923,680 | ||||||
American Express Co. |
626,118 | 117,084,066 | ||||||
Capital One Financial Corp. |
1,142,779 | 150,035,455 |
S C H E D U L E O F I N V E S T M E N T S |
57 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Consumer Finance (continued) |
||||||||
Credit Acceptance Corp.(a)(b) |
20,367 | $ | 11,209,386 | |||||
Discover Financial Services |
358,334 | 39,484,823 | ||||||
OneMain Holdings Inc. |
297,400 | 14,099,734 | ||||||
SLM Corp. |
767,436 | 14,090,125 | ||||||
Synchrony Financial |
1,179,487 | 41,057,943 | ||||||
|
|
|||||||
427,985,212 | ||||||||
Containers & Packaging — 0.7% | ||||||||
Amcor PLC |
4,219,723 | 47,809,461 | ||||||
AptarGroup Inc. |
184,307 | 21,656,072 | ||||||
Ardagh Group SA(a) |
42,326 | 711,288 | ||||||
Ardagh Metal Packaging SA(a)(b) |
309,582 | 2,516,902 | ||||||
Avery Dennison Corp. |
109,604 | 19,067,808 | ||||||
Ball Corp. |
620,545 | 55,849,050 | ||||||
Berry Global Group Inc.(a)(b) |
369,470 | 21,414,481 | ||||||
Crown Holdings Inc. |
301,209 | 37,678,234 | ||||||
Graphic Packaging Holding Co. |
555,232 | 11,126,849 | ||||||
International Paper Co. |
1,080,919 | 49,884,412 | ||||||
Packaging Corp. of America |
257,836 | 40,250,778 | ||||||
Sealed Air Corp. |
190,233 | 12,738,002 | ||||||
Silgan Holdings Inc. |
225,209 | 10,411,412 | ||||||
Sonoco Products Co. |
265,875 | 16,633,140 | ||||||
Westrock Co. |
723,088 | 34,006,829 | ||||||
|
|
|||||||
381,754,718 | ||||||||
Distributors — 0.1% | ||||||||
Genuine Parts Co. |
390,033 | 49,151,959 | ||||||
LKQ Corp. |
748,133 | 33,972,719 | ||||||
|
|
|||||||
83,124,678 | ||||||||
Diversified Consumer Services — 0.1% | ||||||||
ADT Inc. |
439,417 | 3,335,175 | ||||||
Bright Horizons Family Solutions Inc.(a) |
33,679 | 4,468,867 | ||||||
Chegg Inc.(a)(b) |
78,818 | 2,859,517 | ||||||
frontdoor Inc.(a) |
74,453 | 2,222,422 | ||||||
Grand Canyon Education Inc.(a)(b) |
109,667 | 10,649,762 | ||||||
H&R Block Inc. |
75,220 | 1,958,729 | ||||||
Mister Car Wash Inc.(a)(b) |
42,667 | 631,045 | ||||||
Service Corp. International |
448,556 | 29,523,956 | ||||||
Terminix Global Holdings Inc.(a) |
338,694 | 15,454,607 | ||||||
|
|
|||||||
71,104,080 | ||||||||
Diversified Financial Services — 3.2% | ||||||||
Apollo Global Management Inc. |
365,850 | 22,679,041 | ||||||
Berkshire Hathaway Inc., Class B(a) |
5,107,993 | 1,802,661,810 | ||||||
Equitable Holdings Inc. |
977,078 | 30,201,481 | ||||||
Voya Financial Inc. |
310,825 | 20,623,239 | ||||||
|
|
|||||||
1,876,165,571 | ||||||||
Diversified Telecommunication Services — 1.9% | ||||||||
AT&T Inc. |
19,894,638 | 470,110,296 | ||||||
Lumen Technologies Inc. |
2,874,876 | 32,399,852 | ||||||
Verizon Communications Inc. |
11,700,968 | 596,047,310 | ||||||
|
|
|||||||
1,098,557,458 | ||||||||
Electric Utilities — 3.4% | ||||||||
Alliant Energy Corp. |
704,227 | 44,000,103 | ||||||
American Electric Power Co. Inc. |
1,391,519 | 138,831,851 | ||||||
Avangrid Inc. |
150,855 | 7,050,963 | ||||||
Constellation Energy Corp. |
914,249 | 51,426,506 | ||||||
Duke Energy Corp. |
2,140,081 | 238,961,444 | ||||||
Edison International |
1,036,333 | 72,646,943 | ||||||
Entergy Corp. |
556,948 | 65,023,679 | ||||||
Evergy Inc. |
643,799 | 43,997,224 |
Security | Shares | Value | ||||||
Electric Utilities (continued) |
||||||||
Eversource Energy |
952,984 | $ | 84,043,659 | |||||
Exelon Corp. |
2,714,147 | 129,274,822 | ||||||
FirstEnergy Corp. |
1,511,779 | 69,330,185 | ||||||
Hawaiian Electric Industries Inc. |
288,900 | 12,223,359 | ||||||
IDACORP Inc. |
138,217 | 15,944,713 | ||||||
NextEra Energy Inc. |
5,461,793 | 462,668,485 | ||||||
NRG Energy Inc. |
372,075 | 14,272,797 | ||||||
OGE Energy Corp. |
548,281 | 22,358,899 | ||||||
PG&E Corp.(a)(b) |
5,533,699 | 66,072,366 | ||||||
Pinnacle West Capital Corp. |
315,436 | 24,635,551 | ||||||
PPL Corp. |
2,105,937 | 60,145,561 | ||||||
Southern Co. (The) |
2,941,988 | 213,323,550 | ||||||
Xcel Energy Inc. |
1,496,458 | 107,999,374 | ||||||
|
|
|||||||
1,944,232,034 | ||||||||
Electrical Equipment — 1.0% | ||||||||
Acuity Brands Inc.(b) |
97,920 | 18,536,256 | ||||||
AMETEK Inc. |
639,985 | 85,233,202 | ||||||
ChargePoint Holdings Inc.(a)(b) |
645,149 | 12,825,562 | ||||||
Eaton Corp. PLC |
1,107,143 | 168,020,022 | ||||||
Emerson Electric Co. |
1,659,020 | 162,666,911 | ||||||
Fluence Energy Inc.(a)(b) |
55,883 | 732,626 | ||||||
Hubbell Inc. |
150,902 | 27,731,261 | ||||||
nVent Electric PLC |
463,468 | 16,119,417 | ||||||
Regal Rexnord Corp. |
149,844 | 22,293,790 | ||||||
Rockwell Automation Inc. |
125,157 | 35,047,715 | ||||||
Sensata Technologies Holding PLC(a)(b) |
436,644 | 22,203,347 | ||||||
Shoals
Technologies Group Inc., |
311,245 | 5,303,615 | ||||||
Sunrun Inc.(a)(b) |
562,813 | 17,092,631 | ||||||
|
|
|||||||
593,806,355 | ||||||||
Electronic Equipment, Instruments & Components — 0.6% | ||||||||
Amphenol Corp., Class A |
469,038 | 35,342,013 | ||||||
Arrow Electronics Inc.(a) |
187,028 | 22,187,132 | ||||||
Avnet Inc. |
267,026 | 10,838,585 | ||||||
Coherent Inc.(a) |
5,435 | 1,485,712 | ||||||
Corning Inc. |
1,389,799 | 51,297,481 | ||||||
IPG Photonics Corp.(a) |
90,485 | 9,931,634 | ||||||
Jabil Inc. |
81,063 | 5,004,019 | ||||||
Keysight Technologies Inc.(a) |
285,079 | 45,033,930 | ||||||
Littelfuse Inc. |
66,950 | 16,697,999 | ||||||
National Instruments Corp. |
369,401 | 14,993,987 | ||||||
TD SYNNEX Corp. |
118,128 | 12,191,991 | ||||||
Teledyne Technologies Inc.(a)(b) |
127,661 | 60,336,418 | ||||||
Trimble Inc.(a) |
695,852 | 50,198,763 | ||||||
Vontier Corp.(b) |
206,678 | 5,247,554 | ||||||
|
|
|||||||
340,787,218 | ||||||||
Energy Equipment & Services — 0.6% | ||||||||
Baker Hughes Co. |
2,048,242 | 74,576,491 | ||||||
Halliburton Co. |
2,334,624 | 88,412,211 | ||||||
NOV Inc. |
1,094,011 | 21,453,556 | ||||||
Schlumberger NV |
3,889,972 | 160,694,743 | ||||||
|
|
|||||||
345,137,001 | ||||||||
Entertainment — 1.8% | ||||||||
Activision Blizzard Inc. |
2,147,621 | 172,045,918 | ||||||
Electronic Arts Inc. |
781,936 | 98,922,723 | ||||||
Liberty
Media Corp.-Liberty Formula One, |
68,853 | 4,346,690 | ||||||
Liberty
Media Corp.-Liberty Formula One, |
553,479 | 38,654,973 | ||||||
Live Nation Entertainment Inc.(a)(b) |
240,732 | 28,319,713 |
58 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Entertainment (continued) |
||||||||
Madison Square Garden Sports Corp.(a)(b) |
29,972 | $ | 5,375,778 | |||||
Take-Two Interactive Software Inc.(a)(b) |
257,263 | 39,551,614 | ||||||
Walt Disney Co. (The)(a) |
4,798,436 | 658,153,482 | ||||||
World Wrestling Entertainment Inc., Class A(b) |
16,252 | 1,014,775 | ||||||
Zynga Inc., Class A(a)(b) |
1,458,989 | 13,481,058 | ||||||
|
|
|||||||
1,059,866,724 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 4.7% | ||||||||
Alexandria Real Estate Equities Inc. |
462,500 | 93,078,125 | ||||||
American Campus Communities Inc. |
375,868 | 21,037,332 | ||||||
American Homes 4 Rent, Class A |
821,034 | 32,865,991 | ||||||
Americold Realty Trust |
753,885 | 21,018,314 | ||||||
Apartment Income REIT Corp. |
429,342 | 22,952,623 | ||||||
AvalonBay Communities Inc. |
389,119 | 96,645,486 | ||||||
Boston Properties Inc. |
433,175 | 55,792,940 | ||||||
Brixmor Property Group Inc. |
824,219 | 21,273,092 | ||||||
Camden Property Trust |
274,627 | 45,643,007 | ||||||
Cousins Properties Inc. |
406,754 | 16,388,119 | ||||||
CubeSmart |
611,253 | 31,803,494 | ||||||
Digital Realty Trust Inc. |
780,042 | 110,609,956 | ||||||
Douglas Emmett Inc. |
456,088 | 15,242,461 | ||||||
Duke Realty Corp. |
1,055,065 | 61,257,074 | ||||||
EPR Properties |
206,048 | 11,272,886 | ||||||
Equinix Inc. |
72,065 | 53,444,845 | ||||||
Equity LifeStyle Properties Inc. |
239,154 | 18,290,498 | ||||||
Equity Residential |
1,029,360 | 92,560,051 | ||||||
Essex Property Trust Inc. |
180,070 | 62,210,584 | ||||||
Extra Space Storage Inc. |
331,962 | 68,251,387 | ||||||
Federal Realty Investment Trust |
218,573 | 26,681,206 | ||||||
First Industrial Realty Trust Inc. |
353,154 | 21,863,764 | ||||||
Gaming and Leisure Properties Inc. |
649,791 | 30,494,692 | ||||||
Healthcare Trust of America Inc., Class A |
596,424 | 18,691,928 | ||||||
Healthpeak Properties Inc. |
1,487,815 | 51,076,689 | ||||||
Highwoods Properties Inc. |
281,671 | 12,883,632 | ||||||
Host Hotels & Resorts Inc. |
1,955,898 | 38,003,098 | ||||||
Hudson Pacific Properties Inc. |
412,293 | 11,441,131 | ||||||
Invitation Homes Inc. |
1,668,653 | 67,046,478 | ||||||
Iron Mountain Inc. |
232,583 | 12,887,424 | ||||||
JBG SMITH Properties |
329,435 | 9,626,091 | ||||||
Kilroy Realty Corp. |
322,459 | 24,642,317 | ||||||
Kimco Realty Corp. |
1,613,991 | 39,865,578 | ||||||
Lamar Advertising Co., Class A |
26,440 | 3,071,799 | ||||||
Life Storage Inc. |
227,170 | 31,901,483 | ||||||
Medical Properties Trust Inc. |
1,641,788 | 34,707,398 | ||||||
Mid-America Apartment Communities Inc. |
322,492 | 67,545,949 | ||||||
National Retail Properties Inc. |
485,976 | 21,839,761 | ||||||
Omega Healthcare Investors Inc. |
657,462 | 20,486,516 | ||||||
Orion Office REIT Inc. |
155,357 | 2,174,998 | ||||||
Park Hotels & Resorts Inc. |
652,210 | 12,737,661 | ||||||
Prologis Inc. |
2,053,710 | 331,633,091 | ||||||
Public Storage |
98,132 | 38,298,957 | ||||||
Rayonier Inc. |
390,008 | 16,037,129 | ||||||
Realty Income Corp. |
1,571,922 | 108,934,195 | ||||||
Regency Centers Corp. |
470,686 | 33,578,739 | ||||||
Rexford Industrial Realty Inc. |
448,074 | 33,421,840 | ||||||
SBA Communications Corp. |
252,313 | 86,820,903 | ||||||
Simon Property Group Inc. |
116,815 | 15,368,181 | ||||||
SL Green Realty Corp. |
182,893 | 14,847,254 | ||||||
Spirit Realty Capital Inc. |
354,974 | 16,335,904 | ||||||
STORE Capital Corp. |
682,371 | 19,945,704 | ||||||
Sun Communities Inc. |
319,367 | 55,981,841 |
Security | Shares | Value | ||||||
Equity Real Estate Investment Trusts (REITs) (continued) |
| |||||||
UDR Inc. |
882,790 | $ | 50,645,662 | |||||
Ventas Inc. |
1,106,583 | 68,342,566 | ||||||
VICI Properties Inc. |
1,747,712 | 49,739,884 | ||||||
Vornado Realty Trust |
482,556 | 21,869,438 | ||||||
Welltower Inc. |
1,210,221 | 116,350,647 | ||||||
Weyerhaeuser Co. |
2,080,550 | 78,852,845 | ||||||
WP Carey Inc. |
527,141 | 42,614,078 | ||||||
|
|
|||||||
2,710,926,716 | ||||||||
Food & Staples Retailing — 1.6% | ||||||||
Albertsons Companies Inc., Class A |
459,941 | 15,293,038 | ||||||
Casey’s General Stores Inc. |
102,951 | 20,401,800 | ||||||
Costco Wholesale Corp. |
80,261 | 46,218,297 | ||||||
Grocery Outlet Holding Corp.(a)(b) |
240,131 | 7,871,494 | ||||||
Kroger Co. (The) |
2,036,290 | 116,821,957 | ||||||
U.S. Foods Holding Corp.(a)(b) |
619,687 | 23,318,822 | ||||||
Walgreens Boots Alliance Inc. |
1,994,473 | 89,292,556 | ||||||
Walmart Inc. |
3,938,568 | 586,531,547 | ||||||
|
|
|||||||
905,749,511 | ||||||||
Food Products — 1.8% | ||||||||
Archer-Daniels-Midland Co. |
1,547,541 | 139,681,051 | ||||||
Beyond Meat Inc.(a)(b) |
23,941 | 1,156,590 | ||||||
Bunge Ltd. |
381,581 | 42,282,991 | ||||||
Campbell Soup Co. |
547,391 | 24,397,217 | ||||||
Conagra Brands Inc. |
1,317,442 | 44,226,528 | ||||||
Darling Ingredients Inc.(a)(b) |
421,020 | 33,841,587 | ||||||
Flowers Foods Inc. |
514,727 | 13,233,631 | ||||||
General Mills Inc. |
1,680,986 | 113,836,372 | ||||||
Hain Celestial Group Inc. (The)(a) |
245,958 | 8,460,955 | ||||||
Hershey Co. (The) |
57,200 | 12,391,236 | ||||||
Hormel Foods Corp. |
796,179 | 41,035,066 | ||||||
Ingredion Inc. |
185,792 | 16,191,773 | ||||||
JM Smucker Co. (The) |
291,267 | 39,440,464 | ||||||
Kellogg Co. |
392,546 | 25,315,291 | ||||||
Kraft Heinz Co. (The) |
1,930,523 | 76,043,301 | ||||||
Lamb Weston Holdings Inc. |
288,169 | 17,264,205 | ||||||
McCormick & Co. Inc./MD, NVS |
693,343 | 69,195,631 | ||||||
Mondelez International Inc., Class A |
3,835,748 | 240,808,259 | ||||||
Pilgrim’s Pride Corp.(a) |
94,458 | 2,370,896 | ||||||
Post Holdings Inc.(a) |
159,310 | 11,033,811 | ||||||
Seaboard Corp. |
622 | 2,615,815 | ||||||
Tyson Foods Inc., Class A |
798,165 | 71,539,529 | ||||||
|
|
|||||||
1,046,362,199 | ||||||||
Gas Utilities — 0.1% | ||||||||
Atmos Energy Corp. |
373,927 | 44,680,537 | ||||||
National Fuel Gas Co. |
244,012 | 16,763,624 | ||||||
UGI Corp. |
585,563 | 21,209,092 | ||||||
|
|
|||||||
82,653,253 | ||||||||
Health Care Equipment & Supplies — 3.0% | ||||||||
Abbott Laboratories |
2,420,727 | 286,517,248 | ||||||
Baxter International Inc. |
1,397,743 | 108,380,992 | ||||||
Becton Dickinson and Co. |
795,944 | 211,721,104 | ||||||
Boston Scientific Corp.(a) |
3,945,153 | 174,730,826 | ||||||
Cooper Companies Inc. (The) |
134,922 | 56,342,078 | ||||||
DENTSPLY SIRONA Inc. |
605,894 | 29,822,103 | ||||||
Envista Holdings Corp.(a)(b) |
451,438 | 21,989,545 | ||||||
Figs Inc., Class A(a)(b) |
157,681 | 3,393,295 | ||||||
Globus Medical Inc., Class A(a) |
207,048 | 15,276,001 | ||||||
Hologic Inc.(a) |
688,453 | 52,886,959 | ||||||
ICU Medical Inc.(a)(b) |
54,746 | 12,188,649 |
S C H E D U L E O F I N V E S T M E N T S |
59 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Health Care Equipment & Supplies (continued) |
| |||||||
Integra LifeSciences Holdings Corp.(a) |
195,645 | $ | 12,572,148 | |||||
Masimo Corp.(a) |
35,879 | 5,221,830 | ||||||
Medtronic PLC |
3,739,940 | 414,946,343 | ||||||
Quidel Corp.(a)(b) |
97,603 | 10,976,433 | ||||||
ResMed Inc. |
38,141 | 9,249,574 | ||||||
STERIS PLC |
206,619 | 49,954,276 | ||||||
Stryker Corp. |
555,657 | 148,554,899 | ||||||
Tandem Diabetes Care Inc.(a)(b) |
9,947 | 1,156,737 | ||||||
Teleflex Inc. |
107,223 | 38,045,937 | ||||||
Zimmer Biomet Holdings Inc. |
579,563 | 74,126,108 | ||||||
Zimvie Inc.(a) |
57,974 | 1,324,126 | ||||||
|
|
|||||||
1,739,377,211 | ||||||||
Health Care Providers & Services — 5.1% | ||||||||
Acadia Healthcare Co. Inc.(a) |
244,674 | 16,033,487 | ||||||
agilon health Inc.(a)(b) |
28,752 | 728,863 | ||||||
Amedisys Inc.(a)(b) |
7,610 | 1,311,127 | ||||||
AmerisourceBergen Corp. |
415,503 | 64,282,469 | ||||||
Anthem Inc. |
681,254 | 334,645,590 | ||||||
Cardinal Health Inc. |
308,845 | 17,511,511 | ||||||
Centene Corp.(a)(b) |
1,608,314 | 135,403,956 | ||||||
Chemed Corp. |
30,462 | 15,430,526 | ||||||
Cigna Corp. |
905,160 | 216,885,388 | ||||||
CVS Health Corp. |
3,666,855 | 371,122,395 | ||||||
DaVita Inc.(a)(b) |
57,324 | 6,483,918 | ||||||
Encompass Health Corp. |
115,132 | 8,187,037 | ||||||
Henry Schein Inc.(a)(b) |
385,681 | 33,627,526 | ||||||
Humana Inc. |
358,589 | 156,047,175 | ||||||
Laboratory Corp. of America Holdings(a) |
258,408 | 68,131,853 | ||||||
McKesson Corp. |
357,732 | 109,512,497 | ||||||
Molina Healthcare Inc.(a) |
135,825 | 45,309,862 | ||||||
Oak Street Health Inc.(a)(b) |
26,158 | 703,127 | ||||||
Premier Inc., Class A |
329,807 | 11,737,831 | ||||||
Quest Diagnostics Inc. |
342,001 | 46,806,257 | ||||||
Signify Health Inc., Class A(a)(b) |
207,586 | 3,767,686 | ||||||
UnitedHealth Group Inc. |
2,439,057 | 1,243,845,898 | ||||||
Universal Health Services Inc., Class B(b) |
200,541 | 29,068,418 | ||||||
|
|
|||||||
2,936,584,397 | ||||||||
Health Care Technology — 0.2% | ||||||||
Cerner Corp. |
811,397 | 75,914,303 | ||||||
Certara Inc.(a)(b) |
153,724 | 3,301,991 | ||||||
Change Healthcare Inc.(a)(b) |
700,740 | 15,276,132 | ||||||
Definitive Healthcare Corp.(a)(b) |
47,767 | 1,177,457 | ||||||
Teladoc Health Inc.(a)(b) |
419,824 | 30,281,905 | ||||||
|
|
|||||||
125,951,788 | ||||||||
Hotels, Restaurants & Leisure — 1.6% | ||||||||
Aramark |
630,807 | 23,718,343 | ||||||
Boyd Gaming Corp. |
178,737 | 11,757,320 | ||||||
Caesars Entertainment Inc.(a)(b) |
211,786 | 16,383,765 | ||||||
Carnival Corp.(a)(b) |
2,410,671 | 48,743,767 | ||||||
Darden Restaurants Inc. |
111,782 | 14,861,417 | ||||||
Domino’s Pizza Inc. |
32,597 | 13,267,305 | ||||||
Hilton Worldwide Holdings Inc.(a) |
248,597 | 37,722,109 | ||||||
Hyatt Hotels Corp., Class A(a) |
137,560 | 13,130,102 | ||||||
Marriott Vacations Worldwide Corp. |
118,739 | 18,725,140 | ||||||
McDonald’s Corp. |
1,710,038 | 422,858,197 | ||||||
MGM Resorts International |
1,053,004 | 44,162,988 | ||||||
Norwegian Cruise Line Holdings Ltd.(a)(b) |
1,011,350 | 22,128,338 | ||||||
Penn National Gaming Inc.(a)(b) |
422,446 | 17,920,159 | ||||||
Planet Fitness Inc., Class A(a)(b) |
77,893 | 6,580,401 |
Security | Shares | Value | ||||||
Hotels, Restaurants & Leisure (continued) |
| |||||||
Royal Caribbean Cruises Ltd.(a)(b) |
608,983 | $ | 51,020,596 | |||||
Six Flags Entertainment Corp.(a) |
131,003 | 5,698,630 | ||||||
Travel + Leisure Co. |
87,504 | 5,069,982 | ||||||
Wyndham Hotels & Resorts Inc. |
93,541 | 7,921,987 | ||||||
Yum China Holdings Inc. |
1,107,028 | 45,985,943 | ||||||
Yum! Brands Inc. |
738,728 | 87,561,430 | ||||||
|
|
|||||||
915,217,919 | ||||||||
Household Durables — 0.5% | ||||||||
DR Horton Inc. |
538,530 | 40,125,870 | ||||||
Garmin Ltd. |
421,872 | 50,038,238 | ||||||
Leggett & Platt Inc. |
377,680 | 13,143,264 | ||||||
Lennar Corp., Class A |
717,624 | 58,249,540 | ||||||
Lennar Corp., Class B |
38,242 | 2,613,841 | ||||||
Mohawk Industries Inc.(a) |
155,295 | 19,287,639 | ||||||
Newell Brands Inc. |
1,042,303 | 22,315,707 | ||||||
NVR Inc.(a) |
2,877 | 12,852,336 | ||||||
PulteGroup Inc. |
481,253 | 20,164,501 | ||||||
Toll Brothers Inc. |
187,364 | 8,809,855 | ||||||
TopBuild Corp.(a) |
14,990 | 2,719,036 | ||||||
Whirlpool Corp. |
159,959 | 27,637,716 | ||||||
|
|
|||||||
277,957,543 | ||||||||
Household Products — 2.2% | ||||||||
Church & Dwight Co. Inc. |
637,900 | 63,394,502 | ||||||
Clorox Co. (The) |
66,041 | 9,181,680 | ||||||
Colgate-Palmolive Co. |
1,089,906 | 82,647,572 | ||||||
Kimberly-Clark Corp. |
465,848 | 57,373,840 | ||||||
Procter & Gamble Co. (The) |
6,702,004 | 1,024,066,211 | ||||||
Reynolds Consumer Products Inc. |
150,738 | 4,422,653 | ||||||
Spectrum Brands Holdings Inc. |
111,659 | 9,906,386 | ||||||
|
|
|||||||
1,250,992,844 | ||||||||
Independent Power and Renewable Electricity Producers — 0.2% | ||||||||
AES Corp. (The) |
1,858,457 | 47,818,098 | ||||||
Brookfield Renewable Corp., Class A |
271,846 | 11,906,855 | ||||||
Vistra Corp. |
1,330,172 | 30,926,499 | ||||||
|
|
|||||||
90,651,452 | ||||||||
Industrial Conglomerates — 1.6% | ||||||||
3M Co. |
1,353,669 | 201,534,241 | ||||||
General Electric Co. |
3,043,845 | 278,511,818 | ||||||
Honeywell International Inc. |
1,496,466 | 291,182,354 | ||||||
Roper Technologies Inc. |
291,544 | 137,675,823 | ||||||
|
|
|||||||
908,904,236 | ||||||||
Insurance — 4.2% | ||||||||
Aflac Inc. |
1,797,714 | 115,754,804 | ||||||
Alleghany Corp.(a) |
33,185 | 28,107,695 | ||||||
Allstate Corp. (The) |
781,022 | 108,179,357 | ||||||
American Financial Group Inc./OH |
185,873 | 27,066,826 | ||||||
American International Group Inc. |
2,312,222 | 145,138,175 | ||||||
Aon PLC, Class A |
249,711 | 81,313,393 | ||||||
Arch Capital Group Ltd.(a) |
791,066 | 38,303,416 | ||||||
Arthur J Gallagher & Co. |
571,310 | 99,750,726 | ||||||
Assurant Inc. |
157,278 | 28,597,859 | ||||||
Assured Guaranty Ltd. |
190,234 | 12,110,296 | ||||||
Axis Capital Holdings Ltd. |
214,931 | 12,996,878 | ||||||
Brighthouse Financial Inc.(a) |
223,208 | 11,530,925 | ||||||
Brown & Brown Inc. |
613,566 | 44,342,415 | ||||||
Chubb Ltd. |
1,195,251 | 255,664,189 | ||||||
Cincinnati Financial Corp. |
415,669 | 56,514,357 | ||||||
CNA Financial Corp. |
68,280 | 3,319,774 | ||||||
Erie Indemnity Co., Class A, NVS |
21,255 | 3,743,643 |
60 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Insurance (continued) |
||||||||
Everest Re Group Ltd. |
84,464 | $ | 25,455,760 | |||||
Fidelity National Financial Inc. |
749,832 | 36,621,795 | ||||||
First American Financial Corp. |
291,969 | 18,925,431 | ||||||
Globe Life Inc. |
283,211 | 28,491,027 | ||||||
GoHealth Inc., Class A(a)(b) |
96 | 113 | ||||||
Hanover Insurance Group Inc. (The) |
98,293 | 14,696,769 | ||||||
Hartford Financial Services Group Inc. (The) |
933,046 | 67,002,033 | ||||||
Kemper Corp. |
166,468 | 9,412,101 | ||||||
Lemonade Inc.(a)(b) |
95,197 | 2,510,345 | ||||||
Lincoln National Corp. |
430,723 | 28,152,055 | ||||||
Loews Corp. |
581,567 | 37,697,173 | ||||||
Markel Corp.(a)(b) |
31,566 | 46,567,426 | ||||||
Marsh & McLennan Companies Inc. |
1,249,633 | 212,962,456 | ||||||
Mercury General Corp. |
68,510 | 3,768,050 | ||||||
MetLife Inc. |
1,942,005 | 136,484,111 | ||||||
Old Republic International Corp. |
789,504 | 20,424,468 | ||||||
Primerica Inc. |
106,852 | 14,619,491 | ||||||
Principal Financial Group Inc. |
714,155 | 52,426,119 | ||||||
Progressive Corp. (The) |
1,624,530 | 185,180,175 | ||||||
Prudential Financial Inc. |
1,051,135 | 124,212,623 | ||||||
Reinsurance Group of America Inc. |
190,753 | 20,879,823 | ||||||
RenaissanceRe Holdings Ltd. |
67,680 | 10,727,957 | ||||||
Travelers Companies Inc. (The) |
672,538 | 122,892,869 | ||||||
Unum Group |
552,400 | 17,406,124 | ||||||
W R Berkley Corp. |
577,529 | 38,457,656 | ||||||
White Mountains Insurance Group Ltd.(b) |
8,358 | 9,496,694 | ||||||
Willis Towers Watson PLC |
344,842 | 81,458,577 | ||||||
|
|
|||||||
2,439,363,949 | ||||||||
Interactive Media & Services — 1.2% | ||||||||
Alphabet Inc., Class A(a) |
116,309 | 323,496,037 | ||||||
Alphabet Inc., Class C, NVS(a) |
106,963 | 298,746,590 | ||||||
IAC/InterActiveCorp.(a)(b) |
214,787 | 21,538,840 | ||||||
TripAdvisor Inc.(a) |
126,633 | 3,434,287 | ||||||
Twitter Inc.(a) |
1,940,330 | 75,071,368 | ||||||
Vimeo Inc.(a)(b) |
24 | 285 | ||||||
|
|
|||||||
722,287,407 | ||||||||
Internet & Direct Marketing Retail — 0.0% | ||||||||
DoorDash Inc., Class A(a)(b) |
44,611 | 5,227,963 | ||||||
Qurate Retail Inc., Series A |
994,664 | 4,734,601 | ||||||
Wayfair Inc., Class A(a)(b) |
94,440 | 10,462,063 | ||||||
|
|
|||||||
20,424,627 | ||||||||
IT Services — 2.6% | ||||||||
Accenture PLC, Class A |
346,735 | 116,929,444 | ||||||
Akamai Technologies Inc.(a)(b) |
450,700 | 53,809,073 | ||||||
Alliance Data Systems Corp. |
141,575 | 7,949,436 | ||||||
Amdocs Ltd. |
342,887 | 28,188,740 | ||||||
Automatic Data Processing Inc. |
91,470 | 20,813,084 | ||||||
Broadridge Financial Solutions Inc. |
28,575 | 4,449,413 | ||||||
Cloudflare Inc., Class A(a) |
41,494 | 4,966,832 | ||||||
Cognizant Technology Solutions Corp., Class A |
1,464,443 | 131,316,604 | ||||||
Concentrix Corp. |
114,819 | 19,124,253 | ||||||
DXC Technology Co.(a) |
678,528 | 22,140,369 | ||||||
Euronet Worldwide Inc.(a)(b) |
37,878 | 4,929,822 | ||||||
Fastly Inc., Class A(a)(b) |
267,204 | 4,644,006 | ||||||
Fidelity National Information Services Inc. |
1,692,071 | 169,917,770 | ||||||
Fiserv Inc.(a)(b) |
1,550,391 | 157,209,647 | ||||||
FleetCor Technologies Inc.(a) |
171,072 | 42,607,192 | ||||||
Genpact Ltd. |
489,390 | 21,293,359 | ||||||
Global Payments Inc. |
788,067 | 107,839,088 |
Security | Shares | Value | ||||||
IT Services (continued) |
||||||||
GoDaddy Inc., Class A(a) |
420,160 | $ | 35,167,392 | |||||
International Business Machines Corp. |
2,485,799 | 323,203,586 | ||||||
Jack Henry & Associates Inc. |
146,201 | 28,808,907 | ||||||
Kyndryl Holdings Inc.(a) |
656,608 | 8,614,697 | ||||||
Paychex Inc. |
113,092 | 15,433,665 | ||||||
Paysafe Ltd.(a)(b) |
1,000,717 | 3,392,431 | ||||||
Snowflake Inc., Class A(a) |
33,185 | 7,603,679 | ||||||
SolarWinds Corp. |
95,659 | 1,273,221 | ||||||
StoneCo Ltd., Class A(a)(b) |
41,810 | 489,177 | ||||||
Thoughtworks Holding Inc.(a)(b) |
52,100 | 1,084,201 | ||||||
Twilio Inc., Class A(a) |
332,779 | 54,845,307 | ||||||
VeriSign Inc.(a) |
271,094 | 60,307,571 | ||||||
Western Union Co. (The) |
822,642 | 15,416,311 | ||||||
WEX Inc.(a) |
40,310 | 7,193,319 | ||||||
|
|
|||||||
1,480,961,596 | ||||||||
Leisure Products — 0.1% | ||||||||
Brunswick Corp./DE |
191,939 | 15,525,946 | ||||||
Hasbro Inc. |
356,248 | 29,183,836 | ||||||
Polaris Inc. |
48,199 | 5,076,319 | ||||||
|
|
|||||||
49,786,101 | ||||||||
Life Sciences Tools & Services — 2.3% | ||||||||
Adaptive Biotechnologies Corp.(a)(b) |
32,561 | 451,947 | ||||||
Agilent Technologies Inc. |
90,486 | 11,974,012 | ||||||
Azenta Inc. |
35,283 | 2,924,255 | ||||||
Bio-Rad Laboratories Inc., Class A(a) |
59,872 | 33,721,707 | ||||||
Charles River Laboratories International Inc.(a)(b) |
8,049 | 2,285,675 | ||||||
Danaher Corp. |
1,673,994 | 491,032,660 | ||||||
IQVIA Holdings Inc.(a) |
267,874 | 61,935,148 | ||||||
PerkinElmer Inc.(b) |
352,729 | 61,537,101 | ||||||
QIAGEN NV(a)(b) |
632,715 | 31,003,035 | ||||||
Repligen Corp.(a) |
6,755 | 1,270,548 | ||||||
Syneos Health Inc.(a) |
250,275 | 20,259,761 | ||||||
Thermo Fisher Scientific Inc. |
995,633 | 588,070,631 | ||||||
Waters Corp.(a) |
10,887 | 3,379,216 | ||||||
|
|
|||||||
1,309,845,696 | ||||||||
Machinery — 1.7% | ||||||||
AGCO Corp. |
156,108 | 22,796,451 | ||||||
Allison Transmission Holdings Inc. |
69,503 | 2,728,688 | ||||||
Caterpillar Inc. |
207,518 | 46,239,161 | ||||||
Colfax Corp.(a) |
387,901 | 15,434,581 | ||||||
Crane Co. |
133,190 | 14,421,813 | ||||||
Cummins Inc. |
398,837 | 81,805,457 | ||||||
Donaldson Co. Inc. |
307,308 | 15,958,504 | ||||||
Dover Corp. |
398,779 | 62,568,425 | ||||||
Flowserve Corp. |
369,724 | 13,273,092 | ||||||
Fortive Corp. |
907,906 | 55,318,713 | ||||||
Gates Industrial Corp. PLC(a)(b) |
250,106 | 3,766,596 | ||||||
Graco Inc. |
173,536 | 12,098,930 | ||||||
IDEX Corp. |
213,572 | 40,948,160 | ||||||
Illinois Tool Works Inc. |
88,657 | 18,564,776 | ||||||
Ingersoll Rand Inc.(b) |
1,094,279 | 55,096,948 | ||||||
ITT Inc. |
235,238 | 17,692,250 | ||||||
Middleby Corp. (The)(a) |
105,556 | 17,304,851 | ||||||
Nordson Corp. |
132,293 | 30,041,094 | ||||||
Oshkosh Corp. |
184,983 | 18,618,539 | ||||||
Otis Worldwide Corp. |
1,180,986 | 90,876,873 | ||||||
PACCAR Inc. |
946,193 | 83,331,217 | ||||||
Parker-Hannifin Corp. |
299,664 | 85,032,657 | ||||||
Pentair PLC |
460,765 | 24,978,071 |
S C H E D U L E O F I N V E S T M E N T S |
61 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Machinery (continued) |
||||||||
Snap-on Inc. |
146,149 | $ | 30,030,696 | |||||
Stanley Black & Decker Inc. |
448,103 | 62,640,318 | ||||||
Timken Co. (The) |
172,712 | 10,483,618 | ||||||
Toro Co. (The) |
15,912 | 1,360,317 | ||||||
Westinghouse Air Brake Technologies Corp. |
497,479 | 47,842,555 | ||||||
Xylem Inc./NY |
173,298 | 14,775,387 | ||||||
|
|
|||||||
996,028,738 | ||||||||
Marine — 0.0% | ||||||||
Kirby Corp.(a) |
164,282 | 11,859,518 | ||||||
|
|
|||||||
Media — 1.8% | ||||||||
Altice USA Inc., Class A(a) |
187,517 | 2,340,212 | ||||||
Cable One Inc. |
6,921 | 10,134,005 | ||||||
Charter Communications Inc., Class A(a) |
17,492 | 9,542,236 | ||||||
Comcast Corp., Class A |
12,531,383 | 586,719,352 | ||||||
Discovery Inc., Class A(a)(b) |
445,690 | 11,106,595 | ||||||
Discovery Inc., Class C, NVS(a) |
881,700 | 22,016,049 | ||||||
DISH Network Corp., Class A(a)(b) |
679,491 | 21,505,890 | ||||||
Fox Corp., Class A, NVS |
868,478 | 34,261,457 | ||||||
Fox Corp., Class B |
401,644 | 14,571,644 | ||||||
Interpublic Group of Companies Inc. (The) |
1,092,360 | 38,724,162 | ||||||
Liberty Broadband Corp., Class A(a)(b) |
67,909 | 8,900,153 | ||||||
Liberty Broadband Corp., Class C, NVS(a) |
390,330 | 52,819,456 | ||||||
Liberty Media Corp.-Liberty SiriusXM, Class A(a)(b) |
269,920 | 12,338,043 | ||||||
Liberty Media Corp.-Liberty SiriusXM, Class C, NVS(a) |
437,331 | 19,999,147 | ||||||
Loyalty Ventures Inc.(a)(b) |
44,368 | 733,403 | ||||||
New York Times Co. (The), Class A |
463,070 | 21,227,129 | ||||||
News Corp., Class A, NVS |
1,092,565 | 24,200,315 | ||||||
News Corp., Class B |
321,779 | 7,246,463 | ||||||
Nexstar Media Group Inc., Class A |
102,052 | 19,234,761 | ||||||
Omnicom Group Inc. |
576,278 | 48,914,477 | ||||||
Paramount Global, Class B, NVS |
1,620,176 | 61,258,855 | ||||||
Sirius XM Holdings Inc.(b) |
2,471,868 | 16,363,766 | ||||||
ViacomCBS Inc., Class A |
16,874 | 681,878 | ||||||
|
|
|||||||
1,044,839,448 | ||||||||
Metals & Mining — 1.1% | ||||||||
Alcoa Corp. |
511,350 | 46,036,840 | ||||||
Cleveland-Cliffs Inc.(a) |
1,244,889 | 40,097,875 | ||||||
Freeport-McMoRan Inc. |
2,876,161 | 143,060,248 | ||||||
Newmont Corp. |
2,236,582 | 177,696,440 | ||||||
Nucor Corp. |
759,852 | 112,952,000 | ||||||
Reliance Steel & Aluminum Co. |
175,446 | 32,168,024 | ||||||
Royal Gold Inc. |
182,483 | 25,781,198 | ||||||
Southern Copper Corp. |
20,315 | 1,541,909 | ||||||
Steel Dynamics Inc. |
424,901 | 35,449,490 | ||||||
United States Steel Corp. |
711,528 | 26,853,067 | ||||||
|
|
|||||||
641,637,091 | ||||||||
Mortgage Real Estate Investment — 0.1% | ||||||||
AGNC Investment Corp. |
1,430,731 | 18,742,576 | ||||||
Annaly Capital Management Inc. |
3,980,538 | 28,022,988 | ||||||
New Residential Investment Corp. |
1,185,852 | 13,020,655 | ||||||
Starwood Property Trust Inc. |
816,096 | 19,725,040 | ||||||
|
|
|||||||
79,511,259 | ||||||||
Multi-Utilities — 1.5% | ||||||||
Ameren Corp. |
707,343 | 66,320,480 | ||||||
CenterPoint Energy Inc. |
1,638,060 | 50,190,158 | ||||||
CMS Energy Corp. |
802,129 | 56,100,902 | ||||||
Consolidated Edison Inc. |
985,025 | 93,262,167 |
Security | Shares | Value | ||||||
Multi-Utilities (continued) |
||||||||
Dominion Energy Inc. |
2,240,269 | $ | 190,355,657 | |||||
DTE Energy Co. |
536,860 | 70,978,261 | ||||||
NiSource Inc. |
1,105,815 | 35,164,917 | ||||||
Public Service Enterprise Group Inc. |
1,403,241 | 98,226,870 | ||||||
Sempra Energy |
889,004 | 149,459,353 | ||||||
WEC Energy Group Inc. |
876,530 | 87,486,459 | ||||||
|
|
|||||||
897,545,224 | ||||||||
Multiline Retail — 0.6% | ||||||||
Dollar General Corp. |
371,112 | 82,620,664 | ||||||
Dollar Tree Inc.(a)(b) |
618,793 | 99,099,699 | ||||||
Kohl’s Corp. |
385,245 | 23,291,913 | ||||||
Nordstrom Inc. |
47,884 | 1,298,135 | ||||||
Ollie’s Bargain Outlet Holdings Inc.(a)(b) |
175,199 | 7,526,549 | ||||||
Target Corp. |
735,045 | 155,991,250 | ||||||
|
|
|||||||
369,828,210 | ||||||||
Oil, Gas & Consumable Fuels — 6.5% | ||||||||
Antero Midstream Corp. |
918,765 | 9,986,976 | ||||||
APA Corp. |
1,011,119 | 41,789,548 | ||||||
Chevron Corp. |
5,387,463 | 877,240,600 | ||||||
ConocoPhillips |
3,676,012 | 367,601,200 | ||||||
Continental Resources Inc./OK |
162,674 | 9,976,796 | ||||||
Coterra Energy Inc. |
1,848,934 | 49,865,750 | ||||||
Devon Energy Corp. |
1,873,577 | 110,784,608 | ||||||
Diamondback Energy Inc. |
261,713 | 35,875,618 | ||||||
DTE Midstream LLC(a) |
278,506 | 15,111,736 | ||||||
EOG Resources Inc. |
1,428,722 | 170,346,524 | ||||||
EQT Corp. |
845,010 | 29,076,794 | ||||||
Exxon Mobil Corp. |
11,793,335 | 974,011,538 | ||||||
Hess Corp. |
719,089 | 76,971,287 | ||||||
HF Sinclair Corp. |
415,433 | 16,555,005 | ||||||
Kinder Morgan Inc. |
5,434,996 | 102,775,774 | ||||||
Marathon Oil Corp. |
2,151,796 | 54,031,598 | ||||||
Marathon Petroleum Corp. |
1,709,174 | 146,134,377 | ||||||
Occidental Petroleum Corp. |
2,050,478 | 116,344,122 | ||||||
ONEOK Inc. |
1,232,875 | 87,077,961 | ||||||
Phillips 66 |
1,298,611 | 112,187,004 | ||||||
Pioneer Natural Resources Co. |
333,960 | 83,500,019 | ||||||
Targa Resources Corp. |
633,836 | 47,835,603 | ||||||
Valero Energy Corp. |
1,131,402 | 114,882,559 | ||||||
Williams Companies Inc. (The) |
3,393,171 | 113,365,843 | ||||||
|
|
|||||||
3,763,328,840 | ||||||||
Paper & Forest Products — 0.0% | ||||||||
Louisiana-Pacific Corp. |
233,064 | 14,477,936 | ||||||
Sylvamo Corp.(a) |
98,212 | 3,268,495 | ||||||
|
|
|||||||
17,746,431 | ||||||||
Personal Products — 0.0% | ||||||||
Coty Inc., Class A(a) |
1,019,979 | 9,169,611 | ||||||
Herbalife Nutrition Ltd.(a)(b) |
230,487 | 6,997,586 | ||||||
Olaplex Holdings Inc.(a)(b) |
181,410 | 2,835,438 | ||||||
|
|
|||||||
19,002,635 | ||||||||
Pharmaceuticals — 6.0% | ||||||||
Bristol-Myers Squibb Co. |
6,074,031 | 443,586,484 | ||||||
Catalent Inc.(a)(b) |
365,998 | 40,589,178 | ||||||
Elanco Animal Health Inc.(a)(b) |
1,236,747 | 32,266,729 | ||||||
Eli Lilly & Co. |
495,158 | 141,798,397 | ||||||
Jazz Pharmaceuticals PLC(a)(b) |
169,677 | 26,413,619 | ||||||
Johnson & Johnson |
7,337,439 | 1,300,414,314 | ||||||
Merck & Co. Inc. |
7,055,018 | 578,864,227 | ||||||
Nektar Therapeutics(a)(b) |
499,501 | 2,692,310 |
62 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Pharmaceuticals (continued) |
||||||||
Organon & Co. |
709,352 | $ | 24,777,665 | |||||
Perrigo Co. PLC |
377,347 | 14,501,445 | ||||||
Pfizer Inc. |
15,546,340 | 804,834,022 | ||||||
Royalty Pharma PLC, Class A |
364,243 | 14,190,907 | ||||||
Viatris Inc. |
3,357,419 | 36,528,719 | ||||||
Zoetis Inc. |
67,347 | 12,700,971 | ||||||
|
|
|||||||
3,474,158,987 | ||||||||
Professional Services — 0.6% | ||||||||
CACI International Inc., Class A(a)(b) |
65,569 | 19,753,317 | ||||||
Clarivate PLC(a)(b) |
1,297,690 | 21,749,284 | ||||||
CoStar Group Inc.(a) |
244,104 | 16,259,767 | ||||||
Dun & Bradstreet Holdings Inc.(a)(b) |
435,280 | 7,626,106 | ||||||
Equifax Inc. |
208,078 | 49,335,294 | ||||||
FTI Consulting Inc.(a)(b) |
92,191 | 14,494,269 | ||||||
Jacobs Engineering Group Inc. |
362,798 | 49,997,192 | ||||||
Legalzoomcom Inc.(a)(b) |
107,518 | 1,520,305 | ||||||
Leidos Holdings Inc. |
392,208 | 42,366,308 | ||||||
ManpowerGroup Inc. |
153,301 | 14,398,030 | ||||||
Nielsen Holdings PLC |
1,002,443 | 27,306,547 | ||||||
Robert Half International Inc. |
37,009 | 4,225,688 | ||||||
Science Applications International Corp. |
158,554 | 14,613,922 | ||||||
TransUnion |
171,272 | 17,699,249 | ||||||
Verisk Analytics Inc. |
160,594 | 34,468,290 | ||||||
|
|
|||||||
335,813,568 | ||||||||
Real Estate Management & Development — 0.2% | ||||||||
CBRE Group Inc., Class A(a) |
884,031 | 80,906,517 | ||||||
Howard Hughes Corp. (The)(a)(b) |
116,122 | 12,031,400 | ||||||
Jones Lang LaSalle Inc.(a) |
140,710 | 33,694,417 | ||||||
Opendoor Technologies Inc.(a)(b) |
1,014,653 | 8,776,749 | ||||||
|
|
|||||||
135,409,083 | ||||||||
Road & Rail — 1.2% | ||||||||
AMERCO |
25,548 | 15,250,623 | ||||||
CSX Corp. |
6,163,540 | 230,824,573 | ||||||
JB Hunt Transport Services Inc. |
28,490 | 5,720,507 | ||||||
Knight-Swift Transportation Holdings Inc. |
441,210 | 22,263,457 | ||||||
Landstar System Inc. |
8,759 | 1,321,120 | ||||||
Norfolk Southern Corp. |
666,598 | 190,127,082 | ||||||
Old Dominion Freight Line Inc. |
22,064 | 6,590,076 | ||||||
Ryder System Inc. |
148,987 | 11,819,139 | ||||||
Schneider National Inc., Class B |
163,323 | 4,164,736 | ||||||
TuSimple Holdings Inc., Class A(a)(b) |
323,967 | 3,952,397 | ||||||
Uber Technologies Inc.(a) |
634,338 | 22,633,180 | ||||||
Union Pacific Corp. |
658,078 | 179,793,490 | ||||||
XPO Logistics Inc.(a) |
37,975 | 2,764,580 | ||||||
|
|
|||||||
697,224,960 | ||||||||
Semiconductors & Semiconductor Equipment — 2.7% | ||||||||
Analog Devices Inc. |
879,845 | 145,332,797 | ||||||
Cirrus Logic Inc.(a) |
158,851 | 13,468,976 | ||||||
First Solar Inc.(a) |
296,944 | 24,866,091 | ||||||
GLOBALFOUNDRIES Inc.(a)(b) |
69,133 | 4,315,282 | ||||||
Intel Corp. |
11,256,147 | 557,854,645 | ||||||
Marvell Technology Inc. |
2,343,959 | 168,085,300 | ||||||
Microchip Technology Inc. |
239,917 | 18,027,363 | ||||||
Micron Technology Inc. |
2,693,517 | 209,798,039 | ||||||
MKS Instruments Inc. |
23,333 | 3,499,950 | ||||||
NXP Semiconductors NV |
513,149 | 94,973,617 | ||||||
ON Semiconductor Corp.(a)(b) |
534,447 | 33,461,727 | ||||||
Qorvo Inc.(a) |
301,732 | 37,444,941 | ||||||
Skyworks Solutions Inc. |
242,007 | 32,254,693 |
Security | Shares | Value | ||||||
Semiconductors & Semiconductor Equipment (continued) |
| |||||||
Texas Instruments Inc. |
976,350 | $ | 179,140,698 | |||||
Wolfspeed Inc.(a)(b) |
324,895 | 36,992,545 | ||||||
|
|
|||||||
1,559,516,664 | ||||||||
Software — 1.5% | ||||||||
ANSYS Inc.(a) |
141,342 | 44,897,286 | ||||||
Black Knight Inc.(a) |
422,231 | 24,485,176 | ||||||
C3.ai Inc., Class A(a)(b) |
144,754 | 3,285,916 | ||||||
CDK Global Inc. |
268,152 | 13,053,639 | ||||||
Ceridian HCM Holding Inc.(a)(b) |
369,624 | 25,267,497 | ||||||
Citrix Systems Inc. |
222,122 | 22,412,110 | ||||||
Datto Holding Corp.(a)(b) |
65,226 | 1,742,839 | ||||||
Dolby Laboratories Inc., Class A |
185,351 | 14,498,155 | ||||||
Duck Creek Technologies Inc.(a) |
181,620 | 4,017,434 | ||||||
Dynatrace Inc.(a) |
41,218 | 1,941,368 | ||||||
Guidewire Software Inc.(a)(b) |
228,335 | 21,605,058 | ||||||
Informatica Inc.(a)(b) |
25,945 | 512,154 | ||||||
Jamf Holding Corp.(a)(b) |
22,136 | 770,554 | ||||||
Mandiant Inc.(a) |
462,089 | 10,309,206 | ||||||
Manhattan Associates Inc.(a)(b) |
80,699 | 11,193,758 | ||||||
N-able Inc.(a)(b) |
147,734 | 1,344,379 | ||||||
NCR Corp.(a) |
230,531 | 9,265,041 | ||||||
NortonLifeLock Inc. |
1,107,773 | 29,378,140 | ||||||
Oracle Corp. |
303,894 | 25,141,151 | ||||||
Paycor HCM Inc.(a)(b) |
36,510 | 1,062,806 | ||||||
Pegasystems Inc. |
6,277 | 506,240 | ||||||
Procore Technologies Inc.(a)(b) |
46,129 | 2,673,637 | ||||||
salesforce.com Inc.(a) |
2,104,478 | 446,822,769 | ||||||
SS&C Technologies Holdings Inc. |
628,522 | 47,151,720 | ||||||
Synopsys Inc.(a) |
156,045 | 52,005,117 | ||||||
Teradata Corp.(a) |
43,496 | 2,143,918 | ||||||
Tyler Technologies Inc.(a) |
15,310 | 6,811,266 | ||||||
VMware Inc., Class A |
391,568 | 44,587,848 | ||||||
|
|
|||||||
868,886,182 | ||||||||
Specialty Retail — 0.7% | ||||||||
Advance Auto Parts Inc. |
171,484 | 35,490,329 | ||||||
AutoNation Inc.(a)(b) |
119,199 | 11,869,836 | ||||||
AutoZone Inc.(a)(b) |
45,139 | 92,290,297 | ||||||
Bath & Body Works Inc. |
279,480 | 13,359,144 | ||||||
Best Buy Co. Inc. |
515,944 | 46,899,310 | ||||||
Burlington Stores Inc.(a)(b) |
11,442 | 2,084,389 | ||||||
CarMax Inc.(a)(b) |
414,142 | 39,956,420 | ||||||
Dick’s Sporting Goods Inc. |
168,240 | 16,827,365 | ||||||
Foot Locker Inc. |
242,003 | 7,177,809 | ||||||
Gap Inc. (The) |
576,786 | 8,121,147 | ||||||
Leslie’s Inc.(a)(b) |
59,233 | 1,146,751 | ||||||
Lithia Motors Inc. |
74,274 | 22,291,113 | ||||||
O’Reilly Automotive Inc.(a) |
128,670 | 88,133,803 | ||||||
Penske Automotive Group Inc. |
84,993 | 7,965,544 | ||||||
Petco Health & Wellness Co. Inc.(a)(b) |
136,271 | 2,666,823 | ||||||
Victoria’s Secret & Co.(a)(b) |
82,691 | 4,247,010 | ||||||
Vroom Inc.(a)(b) |
236,164 | 628,196 | ||||||
Williams-Sonoma Inc. |
49,740 | 7,212,300 | ||||||
|
|
|||||||
408,367,586 | ||||||||
Technology Hardware, Storage & Peripherals — 0.4% | ||||||||
Dell Technologies Inc., Class C(a) |
381,741 | 19,159,581 | ||||||
Hewlett Packard Enterprise Co. |
3,637,973 | 60,790,529 | ||||||
HP Inc. |
1,968,428 | 71,453,936 | ||||||
NetApp Inc. |
211,669 | 17,568,527 | ||||||
Pure Storage Inc., Class A(a) |
48,336 | 1,706,744 |
S C H E D U L E O F I N V E S T M E N T S |
63 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Technology Hardware, Storage & Peripherals (continued) |
| |||||||
Western Digital Corp.(a) |
876,090 | $ | 43,497,869 | |||||
Xerox Holdings Corp. |
353,441 | 7,128,905 | ||||||
|
|
|||||||
221,306,091 | ||||||||
Textiles, Apparel & Luxury Goods — 0.3% | ||||||||
Capri Holdings Ltd.(a)(b) |
402,460 | 20,682,419 | ||||||
Carter’s Inc. |
114,538 | 10,536,351 | ||||||
Columbia Sportswear Co. |
102,647 | 9,292,633 | ||||||
Deckers Outdoor Corp.(a) |
64,590 | 17,682,804 | ||||||
Hanesbrands Inc. |
379,203 | 5,646,333 | ||||||
PVH Corp. |
193,818 | 14,848,397 | ||||||
Ralph Lauren Corp. |
126,615 | 14,363,206 | ||||||
Skechers U.S.A. Inc., Class A(a)(b) |
319,342 | 13,016,380 | ||||||
Tapestry Inc. |
663,176 | 24,636,988 | ||||||
Under Armour Inc., Class A(a)(b) |
545,856 | 9,290,469 | ||||||
Under Armour Inc., Class C, NVS(a)(b) |
537,300 | 8,360,388 | ||||||
VF Corp. |
326,974 | 18,591,742 | ||||||
|
|
|||||||
166,948,110 | ||||||||
Thrifts & Mortgage Finance — 0.0% | ||||||||
MGIC Investment Corp. |
882,870 | 11,962,888 | ||||||
New York Community Bancorp. Inc. |
1,280,907 | 13,731,323 | ||||||
TFS Financial Corp. |
123,144 | 2,044,190 | ||||||
UWM Holdings Corp. |
130,803 | 592,538 | ||||||
|
|
|||||||
28,330,939 | ||||||||
Tobacco — 0.9% | ||||||||
Altria Group Inc. |
2,246,703 | 117,390,232 | ||||||
Philip Morris International Inc. |
4,337,789 | 407,491,898 | ||||||
|
|
|||||||
524,882,130 | ||||||||
Trading Companies & Distributors — 0.2% | ||||||||
Air Lease Corp. |
293,044 | 13,084,415 | ||||||
Core & Main Inc., Class A(a)(b) |
75,538 | 1,827,264 | ||||||
Fastenal Co. |
176,635 | 10,492,119 | ||||||
MSC Industrial Direct Co. Inc., Class A |
122,736 | 10,458,335 | ||||||
SiteOne Landscape Supply Inc.(a)(b) |
59,302 | 9,588,540 | ||||||
United Rentals Inc.(a) |
131,228 | 46,613,498 | ||||||
Univar Solutions Inc.(a) |
463,089 | 14,883,680 |
Security | Shares | Value | ||||||
Trading Companies & Distributors (continued) |
| |||||||
Watsco Inc. |
91,570 | $ | 27,895,885 | |||||
WW Grainger Inc. |
22,054 | 11,375,233 | ||||||
|
|
|||||||
146,218,969 | ||||||||
Water Utilities — 0.2% | ||||||||
American Water Works Co. Inc. |
507,681 | 84,036,436 | ||||||
Essential Utilities Inc. |
642,967 | 32,874,903 | ||||||
|
|
|||||||
116,911,339 | ||||||||
Wireless Telecommunication Services — 0.4% | ||||||||
T-Mobile U.S. Inc.(a) |
1,643,134 | 210,896,249 | ||||||
|
|
|||||||
Total
Common Stocks — 99.8% |
57,854,734,089 | |||||||
|
|
|||||||
Short-Term Investments |
||||||||
Money Market Funds — 1.2% | ||||||||
BlackRock
Cash Funds: Institutional, |
555,483,114 | 555,372,018 | ||||||
BlackRock
Cash Funds: Treasury, |
115,810,000 | 115,810,000 | ||||||
|
|
|||||||
671,182,018 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 1.2% |
|
671,182,018 | ||||||
|
|
|||||||
Total
Investments in Securities — 101.0% |
|
58,525,916,107 | ||||||
Other Assets, Less Liabilities — (1.0)% |
|
(560,398,222 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
$ | 57,965,517,885 | ||||||
|
|
(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 year ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value at 03/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized (Depreciation) |
Value at 03/31/22 |
Shares Held at |
Income |
Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 337,957,467 | $ | 217,805,969 | (a) | $ | — | $ | (171,202 | ) | $ | (220,216 | ) | $ | 555,372,018 | 555,483,114 | $ | 1,196,893 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
70,950,000 | 44,860,000 | (a) | — | — | — | 115,810,000 | 115,810,000 | 22,845 | — | ||||||||||||||||||||||||||
BlackRock Inc. |
297,510,354 | 87,749,483 | (84,695,625 | ) | 31,828,868 | (28,549,154 | ) | 303,843,926 | 397,613 | 6,789,561 | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | 31,657,666 | $ | (28,769,370 | ) | $ | 975,025,944 | $ | 8,009,299 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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. |
64 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Value 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 |
||||||||||||||||
DIJA Mini e-CBOT Index |
328 | 06/17/22 | $ | 56,773 | $ | 2,587,023 | ||||||||||
S&P 500 E-Mini Index |
44 | 06/17/22 | 9,968 | 621,605 | ||||||||||||
S&P Mid 400 E-Mini Index |
116 | 06/17/22 | 31,195 | 1,221,804 | ||||||||||||
|
|
|||||||||||||||
$ | 4,430,432 | |||||||||||||||
|
|
Derivative Financial Instruments Categorized by Risk Exposure
As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:
|
||||
Equity Contracts |
||||
|
||||
Assets — Derivative Financial Instruments |
||||
Futures contracts |
||||
Unrealized appreciation on futures contracts(a) |
$ | 4,430,432 | ||
|
|
(a) |
Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss). |
For the period ended March 31, 2022, the effect of derivative financial instruments in the Statements of Operations was as follows:
|
||||
Equity Contracts |
||||
|
||||
Net Realized Gain (Loss) from: |
||||
Futures contracts |
$ | 5,497,462 | ||
|
|
|||
Net Change in Unrealized Appreciation (Depreciation) on: |
||||
Futures contracts |
$ | 3,945,636 | ||
|
|
Average Quarterly Balances of Outstanding Derivative Financial Instruments
|
||||
Futures contracts: |
||||
Average notional value of contracts — long |
$ | 117,462,002 | ||
|
For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.
S C H E D U L E O F I N V E S T M E N T S |
65 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 1000 Value ETF |
Fair Value Hierarchy as of Period End (continued)
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 | |||||||||||||
|
||||||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Common Stocks |
$ | 57,854,022,801 | $ | 711,288 | $ | — | $ | 57,854,734,089 | ||||||||
Money Market Funds |
671,182,018 | — | — | 671,182,018 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 58,525,204,819 | $ | 711,288 | $ | — | $ | 58,525,916,107 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Derivative financial instruments(a) |
||||||||||||||||
Assets |
||||||||||||||||
Futures Contracts |
$ | 4,430,432 | $ | — | $ | — | $ | 4,430,432 | ||||||||
|
|
|
|
|
|
|
|
(a) |
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
See notes to financial statements.
66 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
||||||||
Aerospace & Defense — 0.8% |
||||||||
AAR Corp.(a) |
776,003 | $ | 37,581,825 | |||||
Aerojet Rocketdyne Holdings Inc.(a) |
1,690,363 | 66,515,784 | ||||||
Aerovironment Inc.(a)(b) |
509,585 | 47,972,332 | ||||||
AerSale Corp.(a)(b) |
319,128 | 5,016,692 | ||||||
Astronics Corp.(a)(b) |
557,153 | 7,203,988 | ||||||
Byrna Technologies Inc.(a)(b) |
415,902 | 3,397,919 | ||||||
Cadre Holdings Inc. |
128,046 | 3,144,810 | ||||||
Ducommun Inc.(a)(b) |
244,657 | 12,817,580 | ||||||
Kaman Corp. |
616,439 | 26,802,768 | ||||||
Kratos Defense & Security Solutions Inc.(a)(b) |
2,764,996 | 56,627,118 | ||||||
Maxar Technologies Inc.(b) |
1,636,644 | 64,581,972 | ||||||
Moog Inc., Class A |
671,553 | 58,962,354 | ||||||
National Presto Industries Inc. |
115,590 | 8,894,651 | ||||||
Park Aerospace Corp. |
448,832 | 5,857,258 | ||||||
Parsons Corp.(a)(b) |
589,267 | 22,804,633 | ||||||
Triumph Group Inc.(a)(b) |
1,448,744 | 36,624,248 | ||||||
Vectrus Inc.(a) |
258,912 | 9,284,584 | ||||||
|
|
|||||||
474,090,516 | ||||||||
Air Freight & Logistics — 0.4% | ||||||||
Air Transport Services Group Inc.(a)(b) |
1,333,942 | 44,620,360 | ||||||
Atlas Air Worldwide Holdings Inc.(a)(b) |
649,015 | 56,055,426 | ||||||
Forward Air Corp. |
618,139 | 60,441,631 | ||||||
Hub Group Inc., Class A(a)(b) |
750,178 | 57,921,243 | ||||||
Radiant Logistics Inc.(a) |
883,106 | 5,625,385 | ||||||
|
|
|||||||
224,664,045 | ||||||||
Airlines — 0.3% | ||||||||
Allegiant Travel Co.(a) |
346,312 | 56,237,606 | ||||||
Frontier Group Holdings Inc.(a)(b) |
804,022 | 9,109,569 | ||||||
Hawaiian Holdings Inc.(a)(b) |
1,142,117 | 22,499,705 | ||||||
Mesa Air Group Inc.(a)(b) |
850,307 | 3,741,351 | ||||||
SkyWest Inc.(a) |
1,126,292 | 32,493,524 | ||||||
Spirit Airlines Inc.(a)(b) |
2,218,949 | 48,528,415 | ||||||
Sun Country Airlines Holdings Inc.(a)(b) |
734,036 | 19,217,062 | ||||||
|
|
|||||||
191,827,232 | ||||||||
Auto Components — 1.2% | ||||||||
Adient PLC(a)(b) |
2,140,683 | 87,275,646 | ||||||
American Axle & Manufacturing Holdings Inc.(a) |
2,564,119 | 19,897,563 | ||||||
Cooper-Standard Holdings Inc.(a)(b) |
381,474 | 3,345,527 | ||||||
Dana Inc. |
3,284,758 | 57,713,198 | ||||||
Dorman Products Inc.(a)(b) |
599,106 | 56,933,043 | ||||||
Fox Factory Holding Corp.(a)(b) |
956,068 | 93,646,861 | ||||||
Gentherm Inc.(a)(b) |
752,061 | 54,930,535 | ||||||
Goodyear Tire & Rubber Co. (The)(a)(b) |
6,243,632 | 89,221,501 | ||||||
LCI Industries |
561,758 | 58,316,098 | ||||||
Modine Manufacturing Co.(a)(b) |
1,136,833 | 10,242,865 | ||||||
Motorcar Parts of America Inc.(a)(b) |
416,887 | 7,433,095 | ||||||
Patrick Industries Inc. |
512,596 | 30,909,539 | ||||||
Standard Motor Products Inc. |
475,537 | 20,514,666 | ||||||
Stoneridge Inc.(a)(b) |
584,968 | 12,143,936 | ||||||
Tenneco Inc., Class A(a)(b) |
1,543,156 | 28,270,618 | ||||||
Visteon Corp.(a)(b) |
623,828 | 68,078,350 | ||||||
XL Fleet Corp.(a)(b) |
2,540,911 | 5,056,413 | ||||||
XPEL Inc.(a)(b) |
406,557 | 21,388,964 | ||||||
|
|
|||||||
725,318,418 | ||||||||
Automobiles — 0.2% | ||||||||
Arcimoto Inc.(a)(b) |
617,315 | 4,080,452 | ||||||
Canoo Inc.(a)(b) |
2,424,085 | 13,380,949 |
Security | Shares | Value | ||||||
Automobiles (continued) |
||||||||
Fisker Inc.(a)(b) |
3,702,074 | $ | 47,756,755 | |||||
Lordstown Motors Corp., Class A(a)(b) |
3,631,909 | 12,384,810 | ||||||
Winnebago Industries Inc. |
723,166 | 39,072,659 | ||||||
Workhorse Group Inc.(a)(b) |
3,462,113 | 17,310,565 | ||||||
|
|
|||||||
133,986,190 | ||||||||
Banks — 8.8% | ||||||||
1st Source Corp. |
394,341 | 18,238,271 | ||||||
Allegiance Bancshares Inc. |
422,668 | 18,884,806 | ||||||
Amalgamated Financial Corp. |
328,364 | 5,900,701 | ||||||
Amerant Bancorp Inc. |
609,206 | 19,244,818 | ||||||
American National Bankshares Inc. |
247,641 | 9,331,113 | ||||||
Ameris Bancorp |
1,474,729 | 64,711,109 | ||||||
Arrow Financial Corp. |
318,825 | 10,336,307 | ||||||
Associated Banc-Corp. |
3,407,812 | 77,561,801 | ||||||
Atlantic Union Bankshares Corp. |
1,738,254 | 63,776,539 | ||||||
Banc of California Inc. |
1,257,251 | 24,340,379 | ||||||
BancFirst Corp. |
404,727 | 33,677,334 | ||||||
Bancorp. Inc. (The)(a) |
1,143,268 | 32,388,782 | ||||||
Bank First Corp. |
154,318 | 11,109,353 | ||||||
Bank of Marin Bancorp., Class A |
382,635 | 13,419,009 | ||||||
Bank of NT Butterfield & Son Ltd. (The) |
1,163,695 | 41,753,377 | ||||||
BankUnited Inc. |
1,866,786 | 82,063,913 | ||||||
Banner Corp. |
688,510 | 40,298,490 | ||||||
Bar Harbor Bankshares |
339,342 | 9,711,968 | ||||||
Berkshire Hills Bancorp. Inc. |
974,265 | 28,224,457 | ||||||
Blue Ridge Bankshares Inc. |
407,273 | 6,178,331 | ||||||
Brookline Bancorp. Inc. |
1,705,863 | 26,986,753 | ||||||
Business First Bancshares Inc. |
454,557 | 11,059,372 | ||||||
Byline Bancorp Inc. |
600,560 | 16,022,941 | ||||||
Cadence Bank |
3,760,243 | 110,024,710 | ||||||
Cambridge Bancorp |
157,935 | 13,424,475 | ||||||
Camden National Corp. |
357,077 | 16,796,902 | ||||||
Capital Bancorp Inc./MD |
200,164 | 4,575,749 | ||||||
Capital City Bank Group Inc. |
314,438 | 8,288,586 | ||||||
Capstar Financial Holdings Inc. |
486,604 | 10,257,612 | ||||||
Carter Bankshares Inc.(a)(b) |
604,314 | 10,496,934 | ||||||
Cathay General Bancorp |
1,670,026 | 74,733,663 | ||||||
CBTX Inc. |
443,844 | 13,759,164 | ||||||
Central Pacific Financial Corp. |
550,458 | 15,357,778 | ||||||
Citizens & Northern Corp. |
356,009 | 8,679,499 | ||||||
City Holding Co. |
331,877 | 26,118,720 | ||||||
Civista Bancshares Inc. |
332,202 | 8,006,068 | ||||||
CNB Financial Corp./PA |
375,803 | 9,891,135 | ||||||
Coastal Financial Corp./WA(a)(b) |
232,457 | 10,634,908 | ||||||
Columbia Banking System Inc. |
1,745,698 | 56,333,674 | ||||||
Community Bank System Inc. |
1,172,947 | 82,282,232 | ||||||
Community Trust Bancorp. Inc. |
383,869 | 15,815,403 | ||||||
ConnectOne Bancorp. Inc. |
870,624 | 27,868,674 | ||||||
CrossFirst Bankshares Inc.(a)(b) |
1,090,692 | 17,189,306 | ||||||
Customers Bancorp. Inc.(a) |
704,245 | 36,719,334 | ||||||
CVB Financial Corp. |
3,086,455 | 71,636,621 | ||||||
Dime Community Bancshares Inc. |
790,418 | 27,324,750 | ||||||
Eagle Bancorp. Inc. |
703,132 | 40,085,555 | ||||||
Eastern Bankshares Inc. |
3,947,236 | 85,023,463 | ||||||
Enterprise Bancorp. Inc./MA |
205,428 | 8,241,771 | ||||||
Enterprise Financial Services Corp. |
807,015 | 38,179,880 | ||||||
Equity Bancshares Inc., Class A |
321,211 | 10,378,327 | ||||||
Farmers National Banc Corp. |
731,235 | 12,474,869 | ||||||
FB Financial Corp. |
778,088 | 34,562,669 | ||||||
Fidelity D&D Bancorp. Inc.(b) |
97,460 | 4,525,068 |
S C H E D U L E O F I N V E S T M E N T S |
67 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Banks (continued) |
||||||||
Financial Institutions Inc. |
374,714 | $ | 11,290,133 | |||||
First Bancorp. Inc. (The) |
237,506 | 7,144,180 | ||||||
First BanCorp./Puerto Rico |
4,282,407 | 56,185,180 | ||||||
First Bancorp./Southern Pines NC |
782,358 | 32,679,094 | ||||||
First Bancshares Inc. (The) |
484,491 | 16,307,967 | ||||||
First Bank/Hamilton NJ |
362,209 | 5,150,612 | ||||||
First Busey Corp. |
1,184,433 | 30,013,532 | ||||||
First Commonwealth Financial Corp. |
2,010,661 | 30,481,621 | ||||||
First Community Bankshares Inc. |
387,806 | 10,940,007 | ||||||
First Financial Bancorp |
2,038,212 | 46,980,787 | ||||||
First Financial Bankshares Inc. |
2,967,019 | 130,904,878 | ||||||
First Financial Corp./IN |
274,573 | 11,883,519 | ||||||
First Foundation Inc. |
1,132,978 | 27,520,036 | ||||||
First Internet Bancorp |
223,829 | 9,626,885 | ||||||
First Interstate BancSystem Inc., Class A |
2,014,272 | 74,064,781 | ||||||
First Merchants Corp. |
1,295,990 | 53,913,184 | ||||||
First Mid Bancshares Inc. |
384,064 | 14,782,623 | ||||||
First of Long Island Corp. (The) |
530,297 | 10,319,580 | ||||||
Five Star Bancorp |
239,345 | 6,773,464 | ||||||
Flushing Financial Corp. |
701,531 | 15,679,218 | ||||||
Fulton Financial Corp. |
3,656,967 | 60,778,792 | ||||||
German American Bancorp. Inc. |
584,228 | 22,194,822 | ||||||
Glacier Bancorp. Inc. |
2,510,163 | 126,210,996 | ||||||
Great Southern Bancorp. Inc. |
246,110 | 14,522,951 | ||||||
Guaranty Bancshares Inc./TX |
182,800 | 6,398,000 | ||||||
Hancock Whitney Corp. |
1,975,359 | 103,014,972 | ||||||
Hanmi Financial Corp. |
640,061 | 15,751,901 | ||||||
HarborOne Bancorp Inc. |
1,158,791 | 16,246,250 | ||||||
HBT Financial Inc. |
214,520 | 3,899,974 | ||||||
Heartland Financial USA Inc. |
928,936 | 44,431,009 | ||||||
Heritage Commerce Corp. |
1,352,330 | 15,213,712 | ||||||
Heritage Financial Corp./WA |
762,866 | 19,117,422 | ||||||
Hilltop Holdings Inc. |
1,438,506 | 42,292,076 | ||||||
Home BancShares Inc./AR |
3,506,746 | 79,252,460 | ||||||
HomeStreet Inc. |
408,743 | 19,366,243 | ||||||
HomeTrust Bancshares Inc. |
366,920 | 10,835,148 | ||||||
Hope Bancorp Inc. |
2,553,370 | 41,058,190 | ||||||
Horizon Bancorp Inc./IN |
1,035,874 | 19,339,768 | ||||||
Independent Bank Corp. |
1,014,565 | 82,879,815 | ||||||
Independent Bank Corp./MI |
489,141 | 10,761,102 | ||||||
Independent Bank Group Inc. |
856,944 | 60,980,135 | ||||||
International Bancshares Corp. |
1,242,966 | 52,465,595 | ||||||
Investors Bancorp. Inc. |
5,194,700 | 77,556,871 | ||||||
Lakeland Bancorp. Inc. |
1,440,112 | 24,049,870 | ||||||
Lakeland Financial Corp. |
568,873 | 41,527,729 | ||||||
Live Oak Bancshares Inc.(b) |
728,915 | 37,094,484 | ||||||
Macatawa Bank Corp. |
610,693 | 5,502,344 | ||||||
Mercantile Bank Corp. |
371,182 | 13,147,266 | ||||||
Meta Financial Group Inc. |
677,932 | 37,232,025 | ||||||
Metrocity Bankshares Inc. |
447,376 | 10,504,388 | ||||||
Metropolitan Bank Holding Corp.(a)(b) |
235,173 | 23,933,556 | ||||||
Mid Penn Bancorp. Inc. |
326,432 | 8,751,642 | ||||||
Midland States Bancorp. Inc. |
500,324 | 14,439,351 | ||||||
MidWestOne Financial Group Inc. |
337,646 | 11,176,083 | ||||||
MVB Financial Corp. |
229,187 | 9,511,261 | ||||||
National Bank Holdings Corp., Class A |
663,972 | 26,744,792 | ||||||
NBT Bancorp. Inc. |
932,209 | 33,680,711 | ||||||
Nicolet Bankshares Inc.(a)(b) |
286,522 | 26,809,864 | ||||||
Northrim Bancorp. Inc. |
137,839 | 6,005,645 | ||||||
Northwest Bancshares Inc. |
2,643,639 | 35,715,563 |
Security | Shares | Value | ||||||
Banks (continued) |
||||||||
OceanFirst Financial Corp. |
1,357,232 | $ | 27,280,363 | |||||
OFG Bancorp |
1,087,048 | 28,958,959 | ||||||
Old National Bancorp./IN |
6,720,794 | 110,086,606 | ||||||
Old Second Bancorp. Inc. |
662,996 | 9,620,072 | ||||||
Origin Bancorp Inc. |
527,350 | 22,301,631 | ||||||
Orrstown Financial Services Inc. |
248,827 | 5,705,603 | ||||||
Pacific Premier Bancorp. Inc. |
2,030,659 | 71,783,796 | ||||||
Park National Corp. |
327,643 | 43,045,737 | ||||||
Peapack Gladstone Financial Corp. |
427,438 | 14,853,471 | ||||||
Peoples Bancorp. Inc./OH |
606,088 | 18,976,615 | ||||||
Peoples Financial Services Corp. |
162,122 | 8,183,919 | ||||||
Preferred Bank/Los Angeles CA |
217,251 | 16,096,127 | ||||||
Premier Financial Corp. |
853,168 | 25,876,585 | ||||||
Primis Financial Corp. |
569,175 | 7,957,067 | ||||||
QCR Holdings Inc.(b) |
374,737 | 21,206,367 | ||||||
RBB Bancorp |
338,348 | 7,947,795 | ||||||
Red River Bancshares Inc. |
105,460 | 5,579,889 | ||||||
Renasant Corp. |
1,225,642 | 40,997,725 | ||||||
Republic Bancorp. Inc./KY, Class A |
227,743 | 10,234,770 | ||||||
Republic First Bancorp. Inc.(a)(b) |
969,491 | 5,002,574 | ||||||
S&T Bancorp. Inc. |
794,390 | 23,498,056 | ||||||
Sandy Spring Bancorp. Inc. |
1,023,075 | 45,956,529 | ||||||
Seacoast Banking Corp. of Florida |
1,239,854 | 43,419,687 | ||||||
ServisFirst Bancshares Inc. |
1,139,991 | 108,629,742 | ||||||
Sierra Bancorp |
327,873 | 8,190,268 | ||||||
Silvergate Capital Corp., Class A(a)(b) |
632,826 | 95,284,611 | ||||||
Simmons First National Corp., Class A |
2,525,088 | 66,207,807 | ||||||
SmartFinancial Inc. |
320,256 | 8,192,148 | ||||||
South Plains Financial Inc. |
249,728 | 6,637,770 | ||||||
South State Corp. |
1,753,319 | 143,053,297 | ||||||
Southern First Bancshares Inc.(a)(b) |
178,795 | 9,089,938 | ||||||
Southside Bancshares Inc. |
680,863 | 27,799,636 | ||||||
Spirit of Texas Bancshares Inc. |
328,636 | 8,636,554 | ||||||
Stock Yards Bancorp. Inc. |
569,590 | 30,131,311 | ||||||
Summit Financial Group Inc. |
261,444 | 6,690,352 | ||||||
Texas Capital Bancshares Inc.(a)(b) |
1,161,775 | 66,581,325 | ||||||
Third Coast Bancshares Inc.(a)(b) |
42,566 | 983,275 | ||||||
Tompkins Financial Corp. |
328,480 | 25,710,130 | ||||||
Towne Bank/Portsmouth VA |
1,544,427 | 46,240,144 | ||||||
TriCo Bancshares |
657,137 | 26,305,194 | ||||||
TriState Capital Holdings Inc.(a)(b) |
668,958 | 22,229,474 | ||||||
Triumph Bancorp. Inc.(a)(b) |
542,379 | 50,994,474 | ||||||
Trustmark Corp. |
1,358,441 | 41,283,022 | ||||||
UMB Financial Corp. |
998,678 | 97,031,554 | ||||||
United Bankshares Inc./WV |
3,006,230 | 104,857,302 | ||||||
United Community Banks Inc./GA |
2,231,660 | 77,661,768 | ||||||
Univest Financial Corp. |
690,102 | 18,467,130 | ||||||
Valley National Bancorp |
9,115,513 | 118,683,979 | ||||||
Veritex Holdings Inc. |
1,080,408 | 41,239,173 | ||||||
Washington Trust Bancorp. Inc. |
403,904 | 21,204,960 | ||||||
WesBanco Inc. |
1,400,896 | 48,134,787 | ||||||
West Bancorp. Inc. |
372,941 | 10,147,725 | ||||||
Westamerica Bancorp |
581,412 | 35,175,426 | ||||||
|
|
|||||||
5,473,987,701 | ||||||||
Beverages — 0.4% | ||||||||
Celsius Holdings Inc.(a)(b) |
1,218,348 | 67,228,443 | ||||||
Coca-Cola Consolidated Inc. |
106,408 | 52,868,815 | ||||||
Duckhorn Portfolio Inc. (The)(a)(b) |
814,996 | 14,824,777 | ||||||
MGP Ingredients Inc. |
319,706 | 27,363,636 | ||||||
National Beverage Corp. |
531,123 | 23,103,850 |
68 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Beverages (continued) |
||||||||
Primo Water Corp. |
3,541,295 | $ | 50,463,454 | |||||
Zevia PBC, Class A(a)(b) |
232,393 | 1,062,036 | ||||||
|
|
|||||||
236,915,011 | ||||||||
Biotechnology — 6.9% | ||||||||
2seventy bio Inc.(a)(b) |
521,008 | 8,888,396 | ||||||
4D Molecular Therapeutics Inc.(a) |
659,462 | 9,971,065 | ||||||
89bio Inc.(a)(b) |
221,975 | 836,846 | ||||||
ACADIA Pharmaceuticals Inc.(a)(b) |
2,710,207 | 65,641,214 | ||||||
Acumen Pharmaceuticals Inc.(a)(b) |
640,328 | 2,503,682 | ||||||
Adagio Therapeutics Inc.(a)(b) |
1,304,220 | 5,947,243 | ||||||
Adicet Bio Inc.(a) |
573,853 | 11,459,844 | ||||||
Adverum Biotechnologies Inc.(a)(b) |
1,940,604 | 2,542,191 | ||||||
Aeglea BioTherapeutics Inc.(a) |
908,187 | 2,088,830 | ||||||
Aerovate Therapeutics Inc.(a)(b) |
228,190 | 4,182,723 | ||||||
Affimed NV(a) |
2,656,931 | 11,610,788 | ||||||
Agenus Inc.(a)(b) |
5,040,529 | 12,399,701 | ||||||
Agios Pharmaceuticals Inc.(a)(b) |
1,227,256 | 35,725,422 | ||||||
Akebia Therapeutics Inc.(a)(b) |
3,952,890 | 2,837,780 | ||||||
Akero Therapeutics Inc.(a)(b) |
585,087 | 8,302,385 | ||||||
Akouos Inc.(a)(b) |
556,494 | 2,643,346 | ||||||
Alaunos Therapeutics Inc.(a)(b) |
4,765,138 | 3,108,776 | ||||||
Albireo Pharma Inc.(a)(b) |
380,732 | 11,357,236 | ||||||
Aldeyra Therapeutics Inc.(a)(b) |
1,107,473 | 4,922,717 | ||||||
Alector Inc.(a)(b) |
1,324,143 | 18,869,038 | ||||||
Aligos Therapeutics Inc.(a)(b) |
475,788 | 1,022,944 | ||||||
Alkermes PLC(a) |
3,637,850 | 95,711,833 | ||||||
Allakos Inc.(a) |
800,128 | 4,560,730 | ||||||
Allogene Therapeutics Inc.(a)(b) |
1,541,097 | 14,039,394 | ||||||
Allovir Inc.(a) |
671,908 | 4,535,379 | ||||||
Alpine Immune Sciences Inc.(a) |
264,014 | 2,368,206 | ||||||
Altimmune Inc.(a)(b) |
907,935 | 5,529,324 | ||||||
ALX Oncology Holdings Inc.(a)(b) |
401,317 | 6,782,257 | ||||||
Amicus Therapeutics Inc.(a)(b) |
5,960,029 | 56,441,475 | ||||||
AnaptysBio Inc.(a)(b) |
440,483 | 10,897,549 | ||||||
Anavex Life Sciences Corp.(a)(b) |
1,540,175 | 18,959,554 | ||||||
Anika Therapeutics Inc.(a)(b) |
328,644 | 8,252,251 | ||||||
Annexon Inc.(a)(b) |
708,968 | 1,935,483 | ||||||
Apellis Pharmaceuticals Inc.(a)(b) |
1,767,925 | 89,828,269 | ||||||
Applied Molecular Transport Inc.(a)(b) |
564,212 | 4,242,874 | ||||||
Applied Therapeutics Inc.(a)(b) |
402,575 | 849,433 | ||||||
AquaBounty Technologies Inc.(a)(b) |
1,555,701 | 2,909,161 | ||||||
Arbutus Biopharma Corp.(a)(b) |
2,071,582 | 6,173,314 | ||||||
Arcellx Inc.(a)(b) |
178,030 | 2,495,981 | ||||||
Arcturus Therapeutics Holdings Inc.(a)(b) |
479,650 | 12,931,364 | ||||||
Arcus Biosciences Inc.(a)(b) |
1,007,539 | 31,797,931 | ||||||
Arcutis Biotherapeutics Inc.(a)(b) |
629,366 | 12,121,589 | ||||||
Ardelyx Inc.(a)(b) |
1,975,360 | 2,113,635 | ||||||
Arrowhead Pharmaceuticals Inc.(a)(b) |
2,320,664 | 106,727,337 | ||||||
Atara Biotherapeutics Inc.(a)(b) |
1,985,463 | 18,444,951 | ||||||
Athenex Inc.(a)(b) |
1,968,105 | 1,632,543 | ||||||
Athersys Inc.(a)(b) |
4,582,372 | 2,774,626 | ||||||
Atossa Therapeutics Inc.(a)(b) |
2,661,305 | 3,326,631 | ||||||
Atreca Inc., Class A(a)(b) |
574,573 | 1,821,396 | ||||||
Aura Biosciences Inc.(a)(b) |
87,831 | 1,932,282 | ||||||
Avalo Therapeutics Inc.(a)(b) |
1,200,134 | 869,737 | ||||||
Avid Bioservices Inc.(a)(b) |
1,380,700 | 28,124,859 | ||||||
Avidity Biosciences Inc.(a)(b) |
853,408 | 15,762,446 | ||||||
Avita Medical Inc.(a)(b) |
542,663 | 4,601,782 | ||||||
Avrobio Inc.(a)(b) |
843,194 | 1,113,016 | ||||||
Beam Therapeutics Inc.(a)(b) |
1,156,410 | 66,262,293 |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
Beyondspring Inc.(a)(b) |
513,533 | $ | 1,129,773 | |||||
BioAtla Inc.(a)(b) |
349,564 | 1,747,820 | ||||||
BioCryst Pharmaceuticals Inc.(a)(b) |
4,047,863 | 65,818,252 | ||||||
Biohaven Pharmaceutical Holding Co. Ltd.(a)(b) |
1,256,723 | 149,009,646 | ||||||
Biomea Fusion Inc.(a)(b) |
414,395 | 1,848,202 | ||||||
Bioxcel Therapeutics Inc.(a)(b) |
409,880 | 8,570,591 | ||||||
Black Diamond Therapeutics Inc.(a)(b) |
518,091 | 1,435,112 | ||||||
Bluebird Bio Inc.(a)(b) |
1,533,455 | 7,437,257 | ||||||
Blueprint Medicines Corp.(a)(b) |
1,322,578 | 84,486,283 | ||||||
Bolt Biotherapeutics Inc.(a)(b) |
516,208 | 1,414,410 | ||||||
Bridgebio Pharma Inc.(a)(b) |
2,397,335 | 24,332,950 | ||||||
Brooklyn ImmunoTherapeutics Inc.(a)(b) |
672,439 | 1,378,500 | ||||||
C4 Therapeutics Inc.(a)(b) |
888,725 | 21,560,468 | ||||||
Cardiff Oncology Inc.(a)(b) |
847,006 | 2,100,575 | ||||||
CareDx Inc.(a)(b) |
1,144,795 | 42,345,967 | ||||||
Caribou Biosciences Inc.(a)(b) |
1,118,929 | 10,271,768 | ||||||
Catalyst Pharmaceuticals Inc.(a)(b) |
2,182,906 | 18,096,291 | ||||||
Celcuity Inc.(a)(b) |
217,863 | 2,037,019 | ||||||
Celldex Therapeutics Inc.(a)(b) |
1,043,164 | 35,530,166 | ||||||
CEL-SCI Corp.(a)(b) |
813,178 | 3,195,790 | ||||||
Century Therapeutics Inc.(a)(b) |
366,526 | 4,614,562 | ||||||
Cerevel Therapeutics Holdings Inc.(a)(b) |
915,787 | 32,061,703 | ||||||
ChemoCentryx Inc.(a)(b) |
1,225,099 | 30,713,232 | ||||||
Chimerix Inc.(a)(b) |
1,665,708 | 7,628,943 | ||||||
Chinook Therapeutics Inc.(a)(b) |
912,277 | 14,924,852 | ||||||
Clene Inc.(a)(b) |
429,444 | 1,692,009 | ||||||
Clovis Oncology Inc.(a)(b) |
2,543,130 | 5,137,123 | ||||||
Codiak Biosciences Inc.(a)(b) |
356,921 | 2,237,895 | ||||||
Cogent Biosciences Inc.(a) |
846,668 | 6,341,543 | ||||||
Coherus Biosciences Inc.(a)(b) |
1,511,444 | 19,512,742 | ||||||
Contra GTX Inc., NVS(b)(c) |
13,273 | 13,605 | ||||||
Cortexyme Inc.(a)(b) |
454,325 | 2,812,272 | ||||||
Crinetics Pharmaceuticals Inc.(a)(b) |
1,056,043 | 23,180,144 | ||||||
Cue Biopharma Inc.(a)(b) |
696,573 | 3,399,276 | ||||||
Cullinan Oncology Inc.(a)(b) |
584,618 | 6,120,950 | ||||||
Curis Inc.(a)(b) |
1,981,904 | 4,716,931 | ||||||
Cyteir Therapeutics Inc.(a)(b) |
189,886 | 715,870 | ||||||
Cytokinetics Inc.(a)(b) |
1,796,813 | 66,140,687 | ||||||
CytomX Therapeutics Inc.(a)(b) |
1,482,714 | 3,958,846 | ||||||
Day One Biopharmaceuticals Inc.(a)(b) |
471,251 | 4,674,810 | ||||||
Deciphera Pharmaceuticals Inc.(a)(b) |
898,388 | 8,328,057 | ||||||
Denali Therapeutics Inc.(a)(b) |
2,064,163 | 66,404,124 | ||||||
DermTech Inc.(a)(b) |
549,279 | 8,063,416 | ||||||
Design Therapeutics Inc.(a)(b) |
576,626 | 9,312,510 | ||||||
Dynavax Technologies Corp.(a)(b) |
2,439,282 | 26,441,817 | ||||||
Dyne Therapeutics Inc.(a)(b) |
682,634 | 6,580,592 | ||||||
Eagle Pharmaceuticals Inc./DE(a) |
265,999 | 13,164,290 | ||||||
Editas Medicine Inc.(a)(b) |
1,542,083 | 29,330,419 | ||||||
Eiger BioPharmaceuticals Inc.(a)(b) |
755,367 | 6,269,546 | ||||||
Eliem Therapeutics Inc.(a)(b) |
159,695 | 1,339,841 | ||||||
Emergent BioSolutions Inc.(a)(b) |
1,111,165 | 45,624,435 | ||||||
Enanta Pharmaceuticals Inc.(a)(b) |
447,713 | 31,868,211 | ||||||
Entrada Therapeutics Inc.(a)(b) |
195,806 | 1,838,618 | ||||||
Epizyme Inc.(a)(b) |
3,089,671 | 3,553,122 | ||||||
Erasca Inc.(a)(b) |
1,379,004 | 11,859,434 | ||||||
Evelo Biosciences Inc.(a)(b) |
692,517 | 2,347,633 | ||||||
Exagen Inc.(a)(b) |
246,261 | 1,977,476 | ||||||
Fate Therapeutics Inc.(a)(b) |
1,844,818 | 71,523,594 | ||||||
FibroGen Inc.(a)(b) |
1,953,640 | 23,482,753 | ||||||
Finch Therapeutics Group Inc.(a) |
172,093 | 865,628 |
S C H E D U L E O F I N V E S T M E N T S |
69 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
Foghorn Therapeutics Inc.(a)(b) |
444,601 | $ | 6,771,273 | |||||
Forma Therapeutics Holdings Inc.(a)(b) |
766,774 | 7,130,998 | ||||||
Forte Biosciences Inc.(a)(b) |
303,566 | 443,206 | ||||||
Fortress Biotech Inc.(a)(b) |
1,628,486 | 2,214,741 | ||||||
Frequency Therapeutics Inc.(a)(b) |
728,101 | 1,543,574 | ||||||
G1 Therapeutics Inc.(a)(b) |
894,984 | 6,801,878 | ||||||
Gemini Therapeutics Inc.(a)(b) |
497,908 | 692,092 | ||||||
Generation Bio Co.(a)(b) |
990,843 | 7,272,788 | ||||||
Geron Corp.(a)(b) |
6,854,033 | 9,321,485 | ||||||
Global Blood Therapeutics Inc.(a)(b) |
1,399,491 | 48,478,368 | ||||||
Gossamer Bio Inc.(a)(b) |
1,418,334 | 12,311,139 | ||||||
Graphite Bio Inc.(a)(b) |
606,929 | 3,095,338 | ||||||
Greenwich Lifesciences Inc.(a)(b) |
91,750 | 1,800,135 | ||||||
Gritstone bio Inc.(a)(b) |
935,279 | 3,853,349 | ||||||
GT Biopharma Inc.(a)(b) |
398,052 | 1,146,390 | ||||||
Halozyme Therapeutics Inc.(a)(b) |
3,128,471 | 124,763,423 | ||||||
Harpoon Therapeutics Inc.(a)(b) |
425,441 | 2,114,442 | ||||||
Heron Therapeutics Inc.(a)(b) |
2,085,682 | 11,930,101 | ||||||
Homology Medicines Inc.(a)(b) |
954,883 | 2,902,844 | ||||||
Hookipa Pharma Inc.(a) |
436,327 | 994,826 | ||||||
Humanigen Inc.(a)(b) |
1,072,588 | 3,228,490 | ||||||
iBio Inc.(a)(b) |
4,900,589 | 2,098,432 | ||||||
Icosavax Inc.(a) |
519,052 | 3,654,126 | ||||||
Ideaya Biosciences Inc.(a)(b) |
742,523 | 8,308,832 | ||||||
IGM Biosciences Inc.(a)(b) |
184,141 | 4,922,089 | ||||||
Imago Biosciences Inc.(a)(b) |
440,118 | 8,481,074 | ||||||
Immuneering Corp., Class A(a)(b) |
429,888 | 2,781,375 | ||||||
Immunic Inc.(a)(b) |
422,684 | 4,776,329 | ||||||
ImmunityBio Inc.(a)(b) |
1,538,555 | 8,631,294 | ||||||
ImmunoGen Inc.(a)(b) |
4,874,593 | 23,203,063 | ||||||
Immunovant Inc.(a)(b) |
903,784 | 4,979,850 | ||||||
Impel Neuropharma Inc.(a)(b) |
123,370 | 785,867 | ||||||
Infinity Pharmaceuticals Inc.(a)(b) |
2,013,509 | 2,295,400 | ||||||
Inhibrx Inc.(a)(b) |
636,764 | 14,187,102 | ||||||
Inovio Pharmaceuticals Inc.(a)(b) |
4,728,384 | 16,974,899 | ||||||
Inozyme Pharma Inc.(a)(b) |
327,078 | 1,337,749 | ||||||
Insmed Inc.(a)(b) |
2,671,174 | 62,772,589 | ||||||
Instil Bio Inc.(a)(b) |
1,250,362 | 13,441,391 | ||||||
Intellia Therapeutics Inc.(a)(b) |
1,573,192 | 114,323,863 | ||||||
Intercept Pharmaceuticals Inc.(a)(b) |
569,701 | 9,269,035 | ||||||
Ironwood Pharmaceuticals Inc.(a)(b) |
3,334,325 | 41,945,808 | ||||||
iTeos Therapeutics Inc.(a) |
461,618 | 14,854,867 | ||||||
IVERIC bio Inc.(a)(b) |
2,621,602 | 44,121,562 | ||||||
Janux Therapeutics Inc.(a)(b) |
374,355 | 5,368,251 | ||||||
Jounce Therapeutics Inc.(a)(b) |
756,898 | 5,139,337 | ||||||
KalVista Pharmaceuticals Inc.(a)(b) |
508,336 | 7,492,873 | ||||||
Karuna Therapeutics Inc.(a)(b) |
506,619 | 64,234,223 | ||||||
Karyopharm Therapeutics Inc.(a)(b) |
1,616,292 | 11,912,072 | ||||||
Keros Therapeutics Inc.(a)(b) |
354,989 | 19,304,302 | ||||||
Kezar Life Sciences Inc.(a)(b) |
856,052 | 14,227,584 | ||||||
Kiniksa Pharmaceuticals Ltd., Class A(a)(b) |
661,511 | 6,575,419 | ||||||
Kinnate Biopharma Inc.(a) |
580,518 | 6,536,633 | ||||||
Kodiak Sciences Inc.(a) |
758,748 | 5,857,535 | ||||||
Kronos Bio Inc.(a)(b) |
883,526 | 6,387,893 | ||||||
Krystal Biotech Inc.(a)(b) |
454,580 | 30,247,753 | ||||||
Kura Oncology Inc.(a)(b) |
1,437,206 | 23,110,272 | ||||||
Kymera Therapeutics Inc.(a)(b) |
778,863 | 32,961,482 | ||||||
Lexicon Pharmaceuticals Inc.(a)(b) |
1,555,673 | 3,251,357 | ||||||
Ligand Pharmaceuticals Inc.(a)(b) |
342,136 | 38,486,879 | ||||||
Lineage Cell Therapeutics Inc.(a)(b) |
2,850,248 | 4,389,382 |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
Lyell Immunopharma Inc.(a)(b) |
3,356,959 | $ | 16,952,643 | |||||
MacroGenics Inc.(a)(b) |
1,361,443 | 11,994,313 | ||||||
Madrigal Pharmaceuticals Inc.(a)(b) |
267,101 | 26,207,950 | ||||||
Magenta Therapeutics Inc.(a)(b) |
680,021 | 1,972,061 | ||||||
MannKind Corp.(a)(b) |
5,579,870 | 20,533,922 | ||||||
MEI Pharma Inc.(a)(b) |
2,412,252 | 1,453,382 | ||||||
MeiraGTx Holdings PLC(a)(b) |
677,329 | 9,381,007 | ||||||
Mersana Therapeutics Inc.(a)(b) |
1,627,841 | 6,495,086 | ||||||
MiMedx Group Inc.(a)(b) |
2,649,812 | 12,480,614 | ||||||
Mirum Pharmaceuticals Inc.(a) |
81,924 | 1,803,966 | ||||||
Molecular Templates Inc.(a)(b) |
840,452 | 2,899,559 | ||||||
Monte Rosa Therapeutics Inc.(a)(b) |
630,573 | 8,840,633 | ||||||
Morphic Holding Inc.(a)(b) |
488,892 | 19,629,014 | ||||||
Mustang Bio Inc.(a)(b) |
1,581,964 | 1,597,784 | ||||||
Myriad Genetics Inc.(a)(b) |
1,826,304 | 46,022,861 | ||||||
Neoleukin Therapeutics Inc.(a)(b) |
800,643 | 1,505,209 | ||||||
NexImmune Inc.(a)(b) |
398,646 | 1,678,300 | ||||||
Nkarta Inc.(a)(b) |
319,269 | 3,633,281 | ||||||
Nurix Therapeutics Inc.(a)(b) |
710,765 | 9,957,818 | ||||||
Nuvalent Inc., Class A(a)(b) |
397,403 | 5,519,928 | ||||||
Ocugen Inc.(a)(b) |
4,185,429 | 13,811,916 | ||||||
Olema Pharmaceuticals Inc.(a)(b) |
568,449 | 2,421,593 | ||||||
Omega Therapeutics Inc.(a)(b) |
503,987 | 3,144,879 | ||||||
Oncocyte Corp.(a)(b) |
1,352,795 | 2,015,665 | ||||||
Oncorus Inc.(a)(b) |
464,228 | 826,326 | ||||||
Oncternal Therapeutics Inc.(a)(b) |
1,005,919 | 1,398,227 | ||||||
OPKO Health Inc.(a)(b) |
9,073,883 | 31,214,157 | ||||||
Organogenesis Holdings Inc., Class A(a)(b) |
1,535,362 | 11,699,458 | ||||||
ORIC Pharmaceuticals Inc.(a)(b) |
713,724 | 3,811,286 | ||||||
Outlook Therapeutics Inc.(a)(b) |
2,510,902 | 4,469,406 | ||||||
Oyster Point Pharma Inc.(a)(b) |
252,549 | 2,939,670 | ||||||
Passage Bio Inc.(a)(b) |
844,320 | 2,617,392 | ||||||
PDL BioPharma Inc.(a)(c) |
11,853 | 20,494 | ||||||
PMV Pharmaceuticals Inc.(a)(b) |
596,110 | 12,411,010 | ||||||
Portage Biotech Inc.(a)(b) |
83,924 | 551,381 | ||||||
Poseida Therapeutics Inc.(a)(b) |
653,739 | 2,928,751 | ||||||
Praxis Precision Medicines Inc.(a)(b) |
790,424 | 8,070,229 | ||||||
Precigen Inc.(a)(b) |
2,166,787 | 4,571,921 | ||||||
Precision BioSciences Inc.(a)(b) |
1,121,110 | 3,453,019 | ||||||
Prelude Therapeutics Inc.(a)(b) |
246,107 | 1,698,138 | ||||||
Prometheus Biosciences Inc.(a)(b) |
678,320 | 25,613,363 | ||||||
Protagonist Therapeutics Inc.(a) |
1,015,216 | 24,040,315 | ||||||
Prothena Corp. PLC(a)(b) |
814,893 | 29,800,637 | ||||||
PTC Therapeutics Inc.(a)(b) |
1,565,880 | 58,422,983 | ||||||
Puma Biotechnology Inc.(a)(b) |
758,894 | 2,185,615 | ||||||
Pyxis Oncology Inc.(a) |
182,548 | 737,494 | ||||||
Radius Health Inc.(a)(b) |
1,072,746 | 9,472,347 | ||||||
Rallybio Corp.(a)(b) |
409,489 | 2,858,233 | ||||||
RAPT Therapeutics Inc.(a)(b) |
482,925 | 10,619,521 | ||||||
Recursion Pharmaceuticals Inc., Class A(a)(b) |
2,618,749 | 18,750,243 | ||||||
REGENXBIO Inc.(a)(b) |
893,520 | 29,655,929 | ||||||
Relay Therapeutics Inc.(a)(b) |
1,591,125 | 47,622,371 | ||||||
Reneo Pharmaceuticals Inc.(a)(b) |
148,328 | 436,084 | ||||||
Replimune Group Inc.(a)(b) |
672,457 | 11,418,320 | ||||||
REVOLUTION Medicines Inc.(a)(b) |
1,364,330 | 34,804,058 | ||||||
Rhythm Pharmaceuticals Inc.(a)(b) |
1,001,928 | 11,542,211 | ||||||
Rigel Pharmaceuticals Inc.(a)(b) |
3,888,672 | 11,627,129 | ||||||
Rocket Pharmaceuticals Inc.(a)(b) |
920,230 | 14,594,848 | ||||||
Rubius Therapeutics Inc.(a)(b) |
1,043,870 | 5,751,724 | ||||||
Sana Biotechnology Inc.(a)(b) |
1,956,457 | 16,160,335 |
70 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
Sangamo Therapeutics Inc.(a)(b) |
2,690,331 | $ | 15,630,823 | |||||
Scholar Rock Holding Corp.(a)(b) |
629,603 | 8,115,583 | ||||||
Selecta Biosciences Inc.(a)(b) |
2,045,229 | 2,515,632 | ||||||
Sensei Biotherapeutics Inc.(a)(b) |
471,894 | 1,090,075 | ||||||
Sera Prognostics Inc., Class A(a)(b) |
107,451 | 407,239 | ||||||
Seres Therapeutics Inc.(a)(b) |
1,585,954 | 11,291,992 | ||||||
Sesen Bio Inc.(a)(b) |
4,483,792 | 2,702,381 | ||||||
Shattuck Labs Inc.(a) |
604,714 | 2,576,082 | ||||||
Sigilon Therapeutics Inc.(a)(b) |
343,083 | 504,332 | ||||||
Silverback Therapeutics Inc.(a)(b) |
462,382 | 1,622,961 | ||||||
Solid Biosciences Inc.(a) |
1,355,304 | 1,626,365 | ||||||
Sorrento Therapeutics Inc.(a)(b) |
6,941,297 | 16,173,222 | ||||||
Spectrum Pharmaceuticals Inc.(a)(b) |
3,740,880 | 4,825,735 | ||||||
Spero Therapeutics Inc.(a)(b) |
551,306 | 4,796,362 | ||||||
SpringWorks Therapeutics Inc.(a)(b) |
659,097 | 37,199,435 | ||||||
Spruce Biosciences Inc.(a)(b) |
197,392 | 396,758 | ||||||
SQZ Biotechnologies Co.(a)(b) |
517,465 | 2,489,007 | ||||||
Stoke Therapeutics Inc.(a)(b) |
433,876 | 9,133,090 | ||||||
Summit Therapeutics Inc.(a)(b) |
510,900 | 1,251,705 | ||||||
Surface Oncology Inc.(a)(b) |
786,748 | 2,313,039 | ||||||
Sutro Biopharma Inc.(a)(b) |
977,644 | 8,036,234 | ||||||
Syndax Pharmaceuticals Inc.(a)(b) |
1,105,934 | 19,221,133 | ||||||
Syros Pharmaceuticals Inc.(a)(b) |
1,310,125 | 1,559,049 | ||||||
Talaris Therapeutics Inc.(a)(b) |
425,680 | 4,188,691 | ||||||
Taysha Gene Therapies Inc.(a)(b) |
505,999 | 3,299,113 | ||||||
TCR2 Therapeutics Inc.(a)(b) |
698,802 | 1,928,693 | ||||||
Tenaya Therapeutics Inc.(a)(b) |
646,820 | 7,619,540 | ||||||
TG Therapeutics Inc.(a)(b) |
2,946,528 | 28,021,481 | ||||||
Tonix Pharmaceuticals Holding Corp.(a)(b) |
12,214,150 | 2,811,697 | ||||||
Travere Therapeutics Inc.(a)(b) |
1,345,216 | 34,666,216 | ||||||
Trevena Inc.(a)(b) |
3,717,200 | 2,044,088 | ||||||
Turning Point Therapeutics Inc.(a)(b) |
1,040,608 | 27,940,325 | ||||||
Twist Bioscience Corp.(a)(b) |
1,252,513 | 61,849,092 | ||||||
Tyra Biosciences Inc.(a)(b) |
260,991 | 2,792,604 | ||||||
UroGen Pharma Ltd.(a)(b) |
434,667 | 3,785,950 | ||||||
Vanda Pharmaceuticals Inc.(a) |
1,225,984 | 13,865,879 | ||||||
Vaxart Inc.(a)(b) |
2,745,678 | 13,838,217 | ||||||
Vaxcyte Inc.(a)(b) |
962,697 | 23,249,133 | ||||||
VBI Vaccines Inc.(a)(b) |
4,272,541 | 7,092,418 | ||||||
Vera Therapeutics Inc.(a)(b) |
294,831 | 6,925,580 | ||||||
Veracyte Inc.(a)(b) |
1,530,761 | 42,203,081 | ||||||
Verastem Inc.(a)(b) |
3,925,045 | 5,534,313 | ||||||
Vericel Corp.(a)(b) |
1,053,581 | 40,267,866 | ||||||
Verve Therapeutics Inc.(a)(b) |
816,673 | 18,636,478 | ||||||
Vigil Neuroscience Inc.(a)(b) |
110,611 | 777,595 | ||||||
Viking Therapeutics Inc.(a)(b) |
1,531,039 | 4,593,117 | ||||||
Vincerx Pharma Inc.(a) |
294,581 | 1,178,324 | ||||||
Vir Biotechnology Inc.(a)(b) |
1,363,348 | 35,065,311 | ||||||
Viracta Therapeutics Inc.(a)(b) |
824,037 | 3,922,416 | ||||||
VistaGen Therapeutics Inc.(a)(b) |
4,371,958 | 5,421,228 | ||||||
Vor BioPharma Inc.(a)(b) |
427,847 | 2,584,196 | ||||||
Werewolf Therapeutics Inc.(a)(b) |
546,058 | 2,402,655 | ||||||
XBiotech Inc. |
348,862 | 3,014,168 | ||||||
Xencor Inc.(a)(b) |
1,295,031 | 34,551,427 | ||||||
Xilio Therapeutics Inc.(a)(b) |
132,499 | 936,768 | ||||||
XOMA Corp.(a)(b) |
137,481 | 3,846,718 | ||||||
Y-mAbs Therapeutics Inc.(a)(b) |
797,810 | 9,477,983 | ||||||
Zentalis Pharmaceuticals Inc.(a)(b) |
825,851 | 38,104,765 | ||||||
|
|
|||||||
4,267,357,495 |
Security | Shares | Value | ||||||
Building Products — 1.2% |
||||||||
AAON Inc. |
944,645 | $ | 52,645,066 | |||||
American Woodmark Corp.(a) |
369,807 | 18,102,053 | ||||||
Apogee Enterprises Inc. |
559,453 | 26,551,639 | ||||||
Caesarstone Ltd. |
531,015 | 5,586,278 | ||||||
Cornerstone Building Brands Inc.(a) |
1,235,829 | 30,055,361 | ||||||
CSW Industrials Inc. |
340,550 | 40,045,274 | ||||||
Gibraltar Industries Inc.(a) |
740,203 | 31,791,719 | ||||||
Griffon Corp. |
1,126,278 | 22,559,348 | ||||||
Insteel Industries Inc. |
425,425 | 15,736,471 | ||||||
JELD-WEN Holding Inc.(a)(b) |
2,080,091 | 42,184,245 | ||||||
Masonite International Corp.(a)(b) |
540,086 | 48,035,249 | ||||||
PGT Innovations Inc.(a)(b) |
1,296,051 | 23,302,997 | ||||||
Quanex Building Products Corp. |
741,764 | 15,569,626 | ||||||
Resideo Technologies Inc.(a)(b) |
3,272,308 | 77,979,100 | ||||||
Simpson Manufacturing Co. Inc. |
984,539 | 107,354,133 | ||||||
UFP Industries Inc. |
1,359,320 | 104,885,131 | ||||||
View Inc.(a)(b) |
2,427,796 | 4,467,145 | ||||||
Zurn Water Solutions Corp.(b) |
2,742,313 | 97,077,880 | ||||||
|
|
|||||||
763,928,715 | ||||||||
Capital Markets — 1.5% | ||||||||
Artisan Partners Asset Management Inc., Class A |
1,327,572 | 52,239,958 | ||||||
Assetmark Financial Holdings Inc.(a) |
434,773 | 9,673,699 | ||||||
Associated Capital Group Inc., Class A(b) |
38,334 | 1,606,578 | ||||||
B. Riley Financial Inc. |
459,284 | 32,131,509 | ||||||
BGC Partners Inc., Class A |
7,172,099 | 31,557,236 | ||||||
Blucora Inc.(a) |
1,113,677 | 21,772,385 | ||||||
BrightSphere Investment Group Inc. |
762,268 | 18,484,999 | ||||||
Cohen & Steers Inc. |
570,924 | 49,036,662 | ||||||
Cowen Inc., Class A |
604,457 | 16,380,785 | ||||||
Diamond Hill Investment Group Inc. |
70,470 | 13,199,031 | ||||||
Donnelley Financial Solutions Inc.(a) |
669,118 | 22,254,865 | ||||||
Federated Hermes Inc. |
2,112,367 | 71,947,220 | ||||||
Focus Financial Partners Inc., Class A(a)(b) |
1,455,946 | 66,594,970 | ||||||
GAMCO Investors Inc., Class A(b) |
133,396 | 2,949,385 | ||||||
GCM Grosvenor Inc., Class A(b) |
1,013,454 | 9,840,638 | ||||||
Greenhill & Co. Inc. |
350,712 | 5,425,515 | ||||||
Hamilton Lane Inc., Class A |
792,174 | 61,227,128 | ||||||
Houlihan Lokey Inc. |
1,156,600 | 101,549,480 | ||||||
Moelis & Co., Class A |
1,391,893 | 65,349,376 | ||||||
Open Lending Corp., Class A(a)(b) |
2,354,600 | 44,525,486 | ||||||
Oppenheimer Holdings Inc., Class A, NVS |
205,333 | 8,948,412 | ||||||
Piper Sandler Cos |
395,839 | 51,953,869 | ||||||
PJT Partners Inc., Class A |
543,617 | 34,313,105 | ||||||
Pzena Investment Management Inc., Class A |
365,600 | 2,932,112 | ||||||
Sculptor Capital Management Inc. |
501,263 | 6,982,594 | ||||||
StepStone Group Inc., Class A |
1,016,577 | 33,608,036 | ||||||
StoneX Group Inc.(a) |
388,942 | 28,871,165 | ||||||
Value Line Inc. |
25,707 | 1,722,369 | ||||||
Virtus Investment Partners Inc. |
169,047 | 40,569,589 | ||||||
WisdomTree Investments Inc. |
3,034,716 | 17,813,783 | ||||||
|
|
|||||||
925,461,939 | ||||||||
Chemicals — 2.0% | ||||||||
AdvanSix Inc. |
625,476 | 31,955,569 | ||||||
American Vanguard Corp. |
662,393 | 13,459,826 | ||||||
Amyris Inc.(a)(b) |
4,085,586 | 17,813,155 | ||||||
Aspen Aerogels Inc.(a)(b) |
500,662 | 17,262,826 | ||||||
Avient Corp. |
2,064,179 | 99,080,592 | ||||||
Balchem Corp. |
734,062 | 100,346,275 | ||||||
Cabot Corp. |
1,278,350 | 87,451,923 |
S C H E D U L E O F I N V E S T M E N T S |
71 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Chemicals (continued) |
||||||||
Chase Corp. |
167,352 | $ | 14,544,562 | |||||
Danimer Scientific Inc.(a)(b) |
2,065,958 | 12,106,514 | ||||||
Ecovyst Inc. |
1,284,051 | 14,843,630 | ||||||
Ferro Corp.(a)(b) |
1,845,725 | 40,126,062 | ||||||
FutureFuel Corp. |
611,664 | 5,951,491 | ||||||
GCP Applied Technologies Inc.(a)(b) |
1,511,576 | 47,493,718 | ||||||
Hawkins Inc. |
435,980 | 20,011,482 | ||||||
HB Fuller Co. |
1,188,023 | 78,492,680 | ||||||
Ingevity Corp.(a)(b) |
895,022 | 57,344,060 | ||||||
Innospec Inc. |
549,317 | 50,839,288 | ||||||
Intrepid Potash Inc.(a)(b) |
219,609 | 18,038,683 | ||||||
Koppers Holdings Inc. |
463,387 | 12,752,410 | ||||||
Kronos Worldwide Inc. |
509,600 | 7,908,992 | ||||||
Livent Corp.(a)(b) |
3,679,032 | 95,912,364 | ||||||
Marrone Bio Innovations Inc.(a)(b) |
2,277,287 | 2,459,470 | ||||||
Minerals Technologies Inc. |
751,638 | 49,720,854 | ||||||
Orion Engineered Carbons SA |
1,377,613 | 22,000,480 | ||||||
PureCycle Technologies Inc.(a)(b) |
1,288,102 | 10,304,816 | ||||||
Quaker Chemical Corp.(b) |
310,753 | 53,701,226 | ||||||
Rayonier Advanced Materials Inc.(a)(b) |
1,395,562 | 9,168,842 | ||||||
Sensient Technologies Corp. |
957,303 | 80,365,587 | ||||||
Stepan Co. |
480,124 | 47,441,052 | ||||||
Tredegar Corp. |
583,978 | 7,001,896 | ||||||
Trinseo PLC |
881,087 | 42,221,689 | ||||||
Tronox Holdings PLC, Class A |
2,572,810 | 50,915,910 | ||||||
Valhi Inc. |
55,474 | 1,625,943 | ||||||
Zymergen Inc.(a)(b) |
1,889,670 | 5,461,146 | ||||||
|
|
|||||||
1,226,125,013 | ||||||||
Commercial Services & Supplies — 1.8% | ||||||||
ABM Industries Inc. |
1,524,530 | 70,189,361 | ||||||
ACCO Brands Corp. |
2,096,910 | 16,775,280 | ||||||
Aris Water Solution Inc., A |
359,910 | 6,550,362 | ||||||
Brady Corp., Class A, NVS |
1,067,937 | 49,413,445 | ||||||
BrightView Holdings Inc.(a)(b) |
997,512 | 13,576,138 | ||||||
Brink’s Co. (The) |
1,086,635 | 73,891,180 | ||||||
Casella Waste Systems Inc., Class A(a)(b) |
1,113,918 | 97,634,913 | ||||||
CECO Environmental Corp.(a)(b) |
695,565 | 3,818,652 | ||||||
Cimpress PLC(a)(b) |
398,954 | 25,369,485 | ||||||
CompX International Inc. |
40,536 | 953,407 | ||||||
CoreCivic Inc.(a) |
2,748,228 | 30,697,707 | ||||||
Deluxe Corp. |
960,810 | 29,054,894 | ||||||
Ennis Inc. |
565,614 | 10,446,891 | ||||||
GEO Group Inc. (The)(a)(b) |
2,595,671 | 17,157,385 | ||||||
Harsco Corp.(a) |
1,764,745 | 21,600,479 | ||||||
Healthcare Services Group Inc. |
1,698,335 | 31,538,081 | ||||||
Heritage-Crystal Clean Inc.(a)(b) |
356,922 | 10,568,460 | ||||||
HNI Corp. |
985,390 | 36,508,699 | ||||||
Interface Inc. |
1,322,191 | 17,942,132 | ||||||
KAR Auction Services Inc.(a)(b) |
2,749,441 | 49,627,410 | ||||||
Kimball International Inc., Class B |
827,471 | 6,992,130 | ||||||
Matthews International Corp., Class A |
714,919 | 23,134,779 | ||||||
MillerKnoll Inc. |
1,689,234 | 58,379,927 | ||||||
Montrose Environmental Group Inc.(a)(b) |
598,283 | 31,667,119 | ||||||
NL Industries Inc. |
205,237 | 1,475,654 | ||||||
Pitney Bowes Inc. |
2,823,565 | 14,682,538 | ||||||
SP Plus Corp.(a)(b) |
524,727 | 16,455,439 | ||||||
Steelcase Inc., Class A |
1,939,439 | 23,176,296 | ||||||
Team Inc.(a)(b) |
601,700 | 1,329,757 | ||||||
Tetra Tech Inc. |
1,220,599 | 201,325,599 | ||||||
U.S. Ecology Inc.(a)(b) |
705,691 | 33,788,485 |
Security | Shares | Value | ||||||
Commercial Services & Supplies (continued) |
| |||||||
UniFirst Corp./MA |
342,003 | $ | 63,024,313 | |||||
Viad Corp.(a) |
464,635 | 16,559,591 | ||||||
VSE Corp. |
242,333 | 11,169,128 | ||||||
|
|
|||||||
1,116,475,116 | ||||||||
Communications Equipment — 0.7% | ||||||||
ADTRAN Inc. |
1,095,806 | 20,217,621 | ||||||
Aviat Networks Inc.(a)(b) |
180,767 | 5,562,201 | ||||||
CalAmp Corp.(a)(b) |
808,217 | 5,908,066 | ||||||
Calix Inc.(a)(b) |
1,255,218 | 53,861,404 | ||||||
Cambium Networks Corp.(a) |
241,704 | 5,713,883 | ||||||
Casa Systems Inc.(a)(b) |
674,408 | 3,048,324 | ||||||
Clearfield Inc.(a)(b) |
260,684 | 17,001,810 | ||||||
Comtech Telecommunications Corp. |
591,452 | 9,279,882 | ||||||
Digi International Inc.(a)(b) |
774,986 | 16,677,699 | ||||||
DZS Inc.(a)(b) |
389,194 | 5,398,121 | ||||||
EMCORE Corp.(a)(b) |
835,267 | 3,090,488 | ||||||
Extreme Networks Inc.(a) |
2,876,413 | 35,121,003 | ||||||
Harmonic Inc.(a)(b) |
2,044,339 | 18,991,909 | ||||||
Infinera Corp.(a)(b) |
4,178,966 | 36,231,635 | ||||||
Inseego Corp.(a)(b) |
1,908,412 | 7,729,069 | ||||||
KVH Industries Inc.(a)(b) |
312,113 | 2,840,228 | ||||||
NETGEAR Inc.(a)(b) |
656,528 | 16,203,111 | ||||||
NetScout Systems Inc.(a)(b) |
1,594,474 | 51,150,726 | ||||||
Plantronics Inc.(a)(b) |
957,698 | 37,733,301 | ||||||
Ribbon Communications Inc.(a)(b) |
1,583,564 | 4,893,213 | ||||||
Viavi Solutions Inc.(a)(b) |
5,266,567 | 84,686,397 | ||||||
|
|
|||||||
441,340,091 | ||||||||
Construction & Engineering — 1.6% | ||||||||
Ameresco Inc., Class A(a)(b) |
701,260 | 55,750,170 | ||||||
API Group Corp.(a)(b) |
4,552,609 | 95,741,367 | ||||||
Arcosa Inc. |
1,097,503 | 62,832,047 | ||||||
Argan Inc. |
346,282 | 14,055,586 | ||||||
Comfort Systems USA Inc. |
800,914 | 71,289,355 | ||||||
Concrete Pumping Holdings Inc.(a)(b) |
546,177 | 3,659,386 | ||||||
Construction Partners Inc., Class A(a)(b) |
866,928 | 22,696,175 | ||||||
Dycom Industries Inc.(a)(b) |
662,188 | 63,080,029 | ||||||
EMCOR Group Inc. |
1,200,868 | 135,253,763 | ||||||
Fluor Corp.(a)(b) |
3,212,254 | 92,159,567 | ||||||
Granite Construction Inc. |
1,035,067 | 33,950,198 | ||||||
Great Lakes Dredge & Dock Corp.(a)(b) |
1,456,044 | 20,428,297 | ||||||
IES Holdings Inc.(a)(b) |
196,814 | 7,911,923 | ||||||
Infrastructure
and Energy Alternatives |
618,885 | 7,333,787 | ||||||
INNOVATE Corp.(a)(b) |
1,085,544 | 4,005,657 | ||||||
Matrix Service Co.(a) |
586,436 | 4,820,504 | ||||||
MYR Group Inc.(a) |
372,249 | 35,006,296 | ||||||
Northwest Pipe Co.(a)(b) |
229,249 | 5,834,387 | ||||||
NV5 Global Inc.(a)(b) |
298,986 | 39,854,834 | ||||||
Primoris Services Corp. |
1,208,130 | 28,777,657 | ||||||
Sterling Construction Co. Inc.(a)(b) |
624,430 | 16,734,724 | ||||||
Tutor Perini Corp.(a)(b) |
949,842 | 10,258,294 | ||||||
WillScot Mobile Mini Holdings Corp.(a)(b) |
4,720,049 | 184,695,517 | ||||||
|
|
|||||||
1,016,129,520 | ||||||||
Construction Materials — 0.1% | ||||||||
Summit Materials Inc., Class A(a)(b) |
2,694,900 | 83,703,594 | ||||||
United States Lime & Minerals Inc. |
47,481 | 5,509,695 | ||||||
|
|
|||||||
89,213,289 | ||||||||
Consumer Finance — 0.7% | ||||||||
Atlanticus Holdings Corp.(a)(b) |
112,493 | 5,826,012 | ||||||
Curo Group Holdings Corp. |
488,472 | 6,374,560 |
72 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Consumer Finance (continued) |
||||||||
Encore Capital Group Inc.(a)(b) |
563,446 | $ | 35,344,967 | |||||
Enova International Inc.(a) |
833,701 | 31,655,627 | ||||||
EZCORP Inc., Class A, NVS(a)(b) |
1,157,202 | 6,989,500 | ||||||
FirstCash Holdings Inc. |
902,062 | 63,451,041 | ||||||
Green Dot Corp., Class A(a) |
1,202,206 | 33,036,621 | ||||||
LendingClub Corp.(a)(b) |
2,278,597 | 35,956,261 | ||||||
LendingTree Inc.(a)(b) |
267,387 | 31,998,202 | ||||||
Navient Corp. |
3,434,464 | 58,523,266 | ||||||
Nelnet Inc., Class A |
384,395 | 32,669,731 | ||||||
Oportun Financial Corp.(a) |
487,691 | 7,003,243 | ||||||
PRA Group Inc.(a)(b) |
977,545 | 44,067,729 | ||||||
PROG Holdings Inc.(a) |
1,282,280 | 36,891,196 | ||||||
Regional Management Corp. |
176,373 | 8,566,437 | ||||||
World Acceptance Corp.(a)(b) |
95,998 | 18,416,256 | ||||||
|
|
|||||||
456,770,649 | ||||||||
Containers & Packaging — 0.3% | ||||||||
Greif Inc., Class A, NVS |
586,733 | 38,172,849 | ||||||
Greif Inc., Class B |
132,291 | 8,434,874 | ||||||
Myers Industries Inc. |
825,555 | 17,831,988 | ||||||
O-I Glass Inc.(a) |
3,533,031 | 46,565,349 | ||||||
Pactiv Evergreen Inc. |
986,097 | 9,920,136 | ||||||
Ranpak Holdings Corp.(a)(b) |
853,657 | 17,440,212 | ||||||
TriMas Corp. |
970,026 | 31,128,134 | ||||||
|
|
|||||||
169,493,542 | ||||||||
Distributors — 0.0% | ||||||||
Funko Inc., Class A(a)(b) |
607,879 | 10,485,913 | ||||||
Greenlane Holdings Inc., Class A(a)(b) |
552,398 | 309,343 | ||||||
|
|
|||||||
10,795,256 | ||||||||
Diversified Consumer Services — 0.7% | ||||||||
2U Inc.(a)(b) |
1,660,657 | 22,053,525 | ||||||
Adtalem Global Education Inc.(a)(b) |
1,119,221 | 33,252,056 | ||||||
American Public Education Inc.(a) |
422,896 | 8,982,311 | ||||||
Carriage Services Inc. |
341,682 | 18,221,901 | ||||||
Coursera Inc.(a)(b) |
1,673,142 | 38,549,192 | ||||||
European Wax Center Inc., Class A(a)(b) |
296,620 | 8,768,087 | ||||||
Graham Holdings Co., Class B |
88,203 | 53,933,488 | ||||||
Houghton Mifflin Harcourt Co.(a) |
2,905,351 | 61,041,425 | ||||||
Laureate Education Inc., Class A |
2,272,848 | 26,933,249 | ||||||
OneSpaWorld Holdings Ltd.(a)(b) |
1,226,876 | 12,514,135 | ||||||
Perdoceo Education Corp.(a) |
1,532,109 | 17,588,611 | ||||||
PowerSchool Holdings Inc., Class A(a)(b) |
986,487 | 16,286,900 | ||||||
Regis Corp.(a)(b) |
889,618 | 1,885,990 | ||||||
StoneMor Inc.(a)(b) |
731,295 | 1,908,680 | ||||||
Strategic Education Inc. |
561,567 | 37,276,818 | ||||||
Stride Inc.(a)(b) |
932,345 | 33,872,094 | ||||||
Udemy Inc.(a)(b) |
308,220 | 3,840,421 | ||||||
Vivint Smart Home Inc.(a)(b) |
2,085,708 | 14,099,386 | ||||||
WW International Inc.(a)(b) |
1,182,657 | 12,098,581 | ||||||
|
|
|||||||
423,106,850 | ||||||||
Diversified Financial Services — 0.1% | ||||||||
Alerus Financial Corp. |
351,492 | 9,715,239 | ||||||
A-Mark Precious Metals Inc. |
200,585 | 15,513,244 | ||||||
Banco Latinoamericano de Comercio Exterior SA, Class E |
730,905 | 11,387,500 | ||||||
Cannae Holdings Inc.(a)(b) |
1,941,170 | 46,432,786 | ||||||
|
|
|||||||
83,048,769 | ||||||||
Diversified Telecommunication Services — 0.6% | ||||||||
Anterix Inc.(a)(b) |
260,202 | 15,065,696 | ||||||
ATN International Inc. |
252,711 | 10,078,115 |
Security | Shares | Value | ||||||
Diversified Telecommunication Services (continued) |
| |||||||
Bandwidth Inc., Class A(a)(b) |
523,780 | $ | 16,965,234 | |||||
Cogent Communications Holdings Inc. |
962,886 | 63,887,486 | ||||||
Consolidated
Communications Holdings |
1,657,438 | 9,778,884 | ||||||
EchoStar Corp., Class A(a)(b) |
853,410 | 20,772,000 | ||||||
Globalstar Inc.(a)(b) |
13,849,346 | 20,358,539 | ||||||
IDT Corp., Class B(a)(b) |
336,288 | 11,464,058 | ||||||
Iridium Communications Inc.(a)(b) |
2,669,676 | 107,641,336 | ||||||
Liberty Latin America Ltd., Class A(a)(b) |
979,089 | 9,497,163 | ||||||
Liberty Latin America Ltd., Class C, NVS(a) |
3,468,969 | 33,267,413 | ||||||
Ooma Inc.(a)(b) |
495,766 | 7,431,532 | ||||||
Radius
Global Infrastructure Inc., |
1,587,511 | 22,669,657 | ||||||
Telesat Corp.(a) |
188,422 | 3,108,963 | ||||||
|
|
|||||||
351,986,076 | ||||||||
Electric Utilities — 0.7% | ||||||||
ALLETE Inc. |
1,197,337 | 80,197,632 | ||||||
MGE Energy Inc. |
824,013 | 65,747,997 | ||||||
Otter Tail Corp. |
942,687 | 58,917,938 | ||||||
PNM Resources Inc. |
1,941,824 | 92,566,750 | ||||||
Portland General Electric Co. |
2,042,168 | 112,625,565 | ||||||
Via Renewables Inc. |
286,389 | 2,359,846 | ||||||
|
|
|||||||
412,415,728 | ||||||||
Electrical Equipment — 1.0% | ||||||||
Advent Technologies Holdings Inc.(a)(b) |
388,106 | 900,406 | ||||||
Allied Motion Technologies Inc. |
264,454 | 7,891,307 | ||||||
American Superconductor Corp.(a)(b) |
625,071 | 4,756,790 | ||||||
Array Technologies Inc.(a)(b) |
2,907,134 | 32,763,400 | ||||||
Atkore Inc.(a)(b) |
1,014,670 | 99,884,115 | ||||||
AZZ Inc. |
548,381 | 26,453,899 | ||||||
Babcock & Wilcox Enterprises Inc.(a) |
1,272,893 | 10,386,807 | ||||||
Beam Global(a)(b) |
200,267 | 4,095,460 | ||||||
Blink Charging Co.(a)(b) |
829,022 | 21,935,922 | ||||||
Bloom Energy Corp., Class A(a)(b) |
3,209,206 | 77,502,325 | ||||||
Encore Wire Corp.(b) |
444,564 | 50,711,416 | ||||||
EnerSys |
944,114 | 70,402,581 | ||||||
Eos Energy Enterprises Inc.(a)(b) |
985,311 | 4,118,600 | ||||||
FTC Solar Inc.(a)(b) |
880,720 | 4,341,950 | ||||||
FuelCell Energy Inc.(a)(b) |
8,355,604 | 48,128,279 | ||||||
GrafTech International Ltd. |
4,508,128 | 43,368,191 | ||||||
Powell Industries Inc. |
215,069 | 4,176,640 | ||||||
Preformed Line Products Co. |
71,203 | 4,515,694 | ||||||
Romeo Power Inc.(a)(b) |
2,312,644 | 3,445,840 | ||||||
Stem Inc.(a)(b) |
2,598,750 | 28,612,238 | ||||||
Thermon Group Holdings Inc.(a)(b) |
739,698 | 11,983,108 | ||||||
TPI Composites Inc.(a)(b) |
821,550 | 11,550,993 | ||||||
Vicor Corp.(a)(b) |
478,353 | 33,747,804 | ||||||
|
|
|||||||
605,673,765 | ||||||||
Electronic Equipment, Instruments & Components — 2.3% | ||||||||
908 Devices Inc.(a)(b) |
468,430 | 8,904,854 | ||||||
Advanced Energy Industries Inc. |
856,566 | 73,733,201 | ||||||
Aeva Technologies Inc.(a)(b) |
2,384,389 | 10,324,404 | ||||||
Akoustis Technologies Inc.(a)(b) |
1,144,313 | 7,438,035 | ||||||
Arlo Technologies Inc.(a) |
1,951,354 | 17,288,996 | ||||||
Badger Meter Inc. |
656,616 | 65,471,181 | ||||||
Belden Inc.(b) |
992,843 | 55,003,502 | ||||||
Benchmark Electronics Inc. |
797,699 | 19,974,383 | ||||||
CTS Corp. |
728,753 | 25,754,131 | ||||||
Daktronics Inc.(a)(b) |
837,424 | 3,215,708 | ||||||
ePlus Inc.(a)(b) |
595,546 | 33,386,309 | ||||||
Fabrinet(a) |
836,169 | 87,906,447 |
S C H E D U L E O F I N V E S T M E N T S |
73 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Electronic Equipment, Instruments & Components (continued) |
| |||||||
FARO Technologies Inc.(a) |
411,587 | $ | 21,369,597 | |||||
Identiv Inc.(a)(b) |
485,476 | 7,850,147 | ||||||
II-VI Inc.(a)(b) |
2,398,127 | 173,840,226 | ||||||
Insight Enterprises Inc.(a)(b) |
791,175 | 84,908,901 | ||||||
Iteris Inc.(a)(b) |
953,083 | 2,840,187 | ||||||
Itron Inc.(a)(b) |
1,017,321 | 53,592,470 | ||||||
Kimball Electronics Inc.(a)(b) |
548,835 | 10,971,212 | ||||||
Knowles Corp.(a)(b) |
2,023,924 | 43,575,084 | ||||||
Luna Innovations Inc.(a)(b) |
724,616 | 5,586,789 | ||||||
Methode Electronics Inc. |
842,294 | 36,429,215 | ||||||
MicroVision Inc.(a)(b) |
3,778,304 | 17,644,680 | ||||||
Napco Security Technologies Inc.(a)(b) |
659,198 | 13,526,743 | ||||||
nLight Inc.(a)(b) |
975,323 | 16,912,101 | ||||||
Novanta Inc.(a)(b) |
798,277 | 113,586,834 | ||||||
OSI Systems Inc.(a)(b) |
374,093 | 31,842,796 | ||||||
Ouster Inc.(a)(b) |
3,042,315 | 13,690,418 | ||||||
PAR Technology Corp.(a)(b) |
581,328 | 23,450,772 | ||||||
PC Connection Inc. |
255,145 | 13,367,047 | ||||||
Plexus Corp.(a)(b) |
643,206 | 52,620,683 | ||||||
Rogers Corp.(a) |
422,904 | 114,903,017 | ||||||
Sanmina Corp.(a) |
1,413,467 | 57,132,336 | ||||||
ScanSource Inc.(a)(b) |
570,302 | 19,840,807 | ||||||
TTM Technologies Inc.(a)(b) |
2,340,695 | 34,689,100 | ||||||
Velodyne Lidar Inc.(a) |
1,704,189 | 4,362,724 | ||||||
Vishay Intertechnology Inc. |
3,000,725 | 58,814,210 | ||||||
Vishay Precision Group Inc.(a) |
278,459 | 8,952,457 | ||||||
|
|
|||||||
1,444,701,704 | ||||||||
Energy Equipment & Services — 1.2% | ||||||||
Archrock Inc. |
3,074,586 | 28,378,429 | ||||||
Bristow Group Inc.(a) |
538,259 | 19,958,644 | ||||||
Cactus Inc., Class A |
1,247,876 | 70,804,484 | ||||||
ChampionX Corp.(a) |
4,590,805 | 112,382,906 | ||||||
DMC Global Inc.(a) |
422,590 | 12,888,995 | ||||||
Dril-Quip Inc.(a)(b) |
796,831 | 29,761,638 | ||||||
Expro Group Holdings NV(a)(b) |
1,075,978 | 19,130,889 | ||||||
Helix Energy Solutions Group Inc.(a) |
3,348,715 | 16,006,858 | ||||||
Helmerich & Payne Inc. |
2,333,852 | 99,842,189 | ||||||
Liberty Oilfield Services Inc., Class A(a)(b) |
2,087,467 | 30,936,261 | ||||||
Nabors Industries Ltd.(a)(b) |
159,967 | 24,430,160 | ||||||
National
Energy Services Reunited |
855,118 | 7,182,991 | ||||||
Newpark Resources Inc.(a)(b) |
2,095,788 | 7,670,584 | ||||||
NexTier Oilfield Solutions Inc.(a)(b) |
3,940,507 | 36,410,285 | ||||||
Oceaneering International Inc.(a) |
2,250,116 | 34,111,759 | ||||||
Oil States International Inc.(a) |
1,401,155 | 9,738,027 | ||||||
Patterson-UTI Energy Inc. |
4,224,151 | 65,389,858 | ||||||
ProPetro Holding Corp.(a) |
1,995,624 | 27,799,042 | ||||||
RPC Inc.(a)(b) |
1,535,775 | 16,386,719 | ||||||
Select Energy Services Inc., Class A(a) |
1,391,421 | 11,924,478 | ||||||
Solaris Oilfield Infrastructure Inc., Class A |
710,955 | 8,026,682 | ||||||
TETRA Technologies Inc.(a) |
2,801,220 | 11,513,014 | ||||||
Tidewater Inc.(a)(b) |
928,383 | 20,183,046 | ||||||
U.S. Silica Holdings Inc.(a) |
1,678,609 | 31,322,844 | ||||||
|
|
|||||||
752,180,782 | ||||||||
Entertainment — 0.8% | ||||||||
AMC Entertainment Holdings Inc., Class A(a)(b) |
11,645,427 | 286,943,321 | ||||||
Chicken Soup For The Soul Entertainment Inc.(a)(b) |
159,739 | 1,276,315 | ||||||
Cinemark Holdings Inc.(a)(b) |
2,452,016 | 42,370,836 | ||||||
CuriosityStream Inc.(a)(b) |
591,485 | 1,715,307 | ||||||
Eros STX Global Corp.(a)(b) |
362,839 | 1,012,321 |
Security | Shares | Value | ||||||
Entertainment (continued) |
||||||||
IMAX Corp.(a)(b) |
1,136,406 | $ | 21,512,166 | |||||
Liberty Media Corp.-Liberty Braves, Class A(a)(b) |
227,473 | 6,546,673 | ||||||
Liberty Media Corp.-Liberty Braves, Class C, NVS(a)(b) |
824,617 | 23,015,060 | ||||||
Lions Gate Entertainment Corp., Class A(a)(b) |
1,397,590 | 22,710,837 | ||||||
Lions Gate Entertainment Corp., Class B, NVS(a)(b) |
2,590,693 | 38,938,116 | ||||||
LiveOne Inc.(a)(b) |
1,265,427 | 1,032,588 | ||||||
Madison
Square Garden Entertainment |
590,776 | 49,217,549 | ||||||
Marcus Corp. (The)(a)(b) |
531,703 | 9,411,143 | ||||||
|
|
|||||||
505,702,232 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 7.1% | ||||||||
Acadia Realty Trust |
1,987,370 | 43,066,308 | ||||||
Agree Realty Corp. |
1,585,081 | 105,185,975 | ||||||
Alexander & Baldwin Inc. |
1,640,578 | 38,045,004 | ||||||
Alexander’s Inc. |
48,306 | 12,377,446 | ||||||
American Assets Trust Inc. |
1,129,903 | 42,812,025 | ||||||
Apartment Investment & Management Co., Class A(a) |
3,417,121 | 25,013,326 | ||||||
Apple Hospitality REIT Inc. |
4,874,381 | 87,592,627 | ||||||
Armada Hoffler Properties Inc. |
1,454,727 | 21,239,014 | ||||||
Ashford Hospitality Trust Inc.(a)(b) |
387,169 | 3,949,124 | ||||||
Braemar Hotels & Resorts Inc.(b) |
1,185,142 | 7,324,178 | ||||||
Brandywine Realty Trust |
3,870,261 | 54,725,491 | ||||||
Broadstone Net Lease Inc. |
3,578,841 | 77,947,157 | ||||||
BRT Apartments Corp. |
254,830 | 6,108,275 | ||||||
CareTrust REIT Inc. |
2,198,791 | 42,436,666 | ||||||
CatchMark Timber Trust Inc., Class A |
1,112,392 | 9,121,614 | ||||||
Centerspace |
322,655 | 31,658,909 | ||||||
Chatham Lodging Trust(a) |
1,082,623 | 14,929,371 | ||||||
City Office REIT Inc. |
963,888 | 17,022,262 | ||||||
Clipper Realty Inc. |
277,353 | 2,515,592 | ||||||
Community Healthcare Trust Inc. |
550,206 | 23,224,195 | ||||||
Corporate Office Properties Trust |
2,577,817 | 73,570,897 | ||||||
CTO Realty Growth Inc. |
132,765 | 8,804,975 | ||||||
DiamondRock Hospitality Co.(a) |
4,703,893 | 47,509,319 | ||||||
DigitalBridge Group Inc.(a) |
10,929,478 | 78,692,242 | ||||||
Diversified Healthcare Trust |
5,388,108 | 17,241,946 | ||||||
Easterly Government Properties Inc. |
1,964,716 | 41,534,096 | ||||||
EastGroup Properties Inc. |
915,459 | 186,094,506 | ||||||
Empire State Realty Trust Inc., Class A |
3,238,632 | 31,803,366 | ||||||
Equity Commonwealth(a) |
2,476,142 | 69,851,966 | ||||||
Essential Properties Realty Trust Inc. |
2,760,231 | 69,833,844 | ||||||
Farmland Partners Inc. |
646,456 | 8,888,770 | ||||||
Four Corners Property Trust Inc. |
1,775,579 | 48,011,656 | ||||||
Franklin Street Properties Corp., Class C |
2,254,404 | 13,300,984 | ||||||
Getty Realty Corp. |
931,183 | 26,650,457 | ||||||
Gladstone Commercial Corp. |
809,811 | 17,832,038 | ||||||
Gladstone Land Corp. |
703,368 | 25,616,663 | ||||||
Global Medical REIT Inc. |
1,348,360 | 22,005,235 | ||||||
Global Net Lease Inc. |
2,354,781 | 37,040,705 | ||||||
Healthcare Realty Trust Inc. |
3,341,072 | 91,812,659 | ||||||
Hersha Hospitality Trust, Class A(a) |
736,850 | 6,690,598 | ||||||
Independence Realty Trust Inc. |
4,942,407 | 130,677,241 | ||||||
Indus Realty Trust Inc. |
116,008 | 8,479,025 | ||||||
Industrial Logistics Properties Trust |
1,475,407 | 33,447,477 | ||||||
Innovative Industrial Properties Inc. |
535,387 | 109,968,490 | ||||||
iStar Inc. |
1,522,896 | 35,650,995 | ||||||
Kite Realty Group Trust |
4,929,539 | 112,245,603 | ||||||
LTC Properties Inc. |
892,471 | 34,333,359 | ||||||
LXP Industrial Trust |
6,321,089 | 99,241,097 |
74 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Equity Real Estate Investment Trusts (REITs) (continued) |
| |||||||
Macerich Co. (The) |
4,846,713 | $ | 75,802,591 | |||||
National Health Investors Inc. |
995,426 | 58,740,088 | ||||||
National Storage Affiliates Trust |
1,840,946 | 115,537,771 | ||||||
Necessity Retail REIT Inc. |
2,722,570 | 21,535,529 | ||||||
NETSTREIT Corp. |
892,275 | 20,022,651 | ||||||
NexPoint Residential Trust Inc. |
506,759 | 45,765,405 | ||||||
Office Properties Income Trust |
1,089,273 | 28,026,994 | ||||||
One Liberty Properties Inc. |
365,270 | 11,246,663 | ||||||
Outfront Media Inc. |
3,300,610 | 93,836,342 | ||||||
Paramount Group Inc. |
4,202,252 | 45,846,569 | ||||||
Pebblebrook Hotel Trust(b) |
2,953,325 | 72,297,396 | ||||||
Phillips Edison & Co. Inc.(b) |
2,539,580 | 87,336,156 | ||||||
Physicians Realty Trust |
5,024,473 | 88,129,256 | ||||||
Piedmont Office Realty Trust Inc., Class A |
2,864,666 | 49,329,549 | ||||||
Plymouth Industrial REIT Inc. |
697,820 | 18,910,922 | ||||||
Postal Realty Trust Inc., Class A |
298,577 | 5,022,065 | ||||||
PotlatchDeltic Corp. |
1,494,921 | 78,827,184 | ||||||
Preferred Apartment Communities Inc., Class A |
1,174,730 | 29,297,766 | ||||||
PS Business Parks Inc. |
452,965 | 76,134,357 | ||||||
Retail Opportunity Investments Corp. |
2,731,159 | 52,957,173 | ||||||
Retail Value Inc. |
468,475 | 1,433,534 | ||||||
RLJ Lodging Trust |
3,759,148 | 52,928,804 | ||||||
RPT Realty |
1,829,221 | 25,188,373 | ||||||
Ryman Hospitality Properties Inc.(a)(b) |
1,211,203 | 112,363,302 | ||||||
Sabra Health Care REIT Inc. |
5,208,438 | 77,553,642 | ||||||
Safehold Inc. |
464,470 | 25,754,862 | ||||||
Saul Centers Inc. |
266,044 | 14,020,519 | ||||||
Seritage Growth Properties, Class A(a)(b) |
842,898 | 10,671,089 | ||||||
Service Properties Trust |
3,640,142 | 32,142,454 | ||||||
SITE Centers Corp. |
3,949,640 | 65,998,484 | ||||||
STAG Industrial Inc. |
4,019,747 | 166,216,538 | ||||||
Summit Hotel Properties Inc.(a) |
2,361,400 | 23,519,544 | ||||||
Sunstone Hotel Investors Inc.(a) |
4,934,413 | 58,127,385 | ||||||
Tanger Factory Outlet Centers Inc. |
2,339,776 | 40,220,749 | ||||||
Terreno Realty Corp. |
1,668,477 | 123,550,722 | ||||||
UMH Properties Inc. |
971,787 | 23,896,242 | ||||||
Uniti Group Inc. |
4,460,848 | 61,381,269 | ||||||
Universal Health Realty Income Trust |
295,120 | 17,226,154 | ||||||
Urban Edge Properties |
2,636,875 | 50,364,313 | ||||||
Urstadt Biddle Properties Inc., Class A |
679,371 | 12,778,969 | ||||||
Veris Residential Inc.(a) |
1,985,520 | 34,528,193 | ||||||
Washington Real Estate Investment Trust |
1,945,318 | 49,605,609 | ||||||
Whitestone REIT |
1,048,670 | 13,894,878 | ||||||
Xenia Hotels & Resorts Inc.(a) |
2,584,861 | 49,861,969 | ||||||
|
|
|||||||
4,370,954,792 | ||||||||
Food & Staples Retailing — 1.2% | ||||||||
Andersons Inc. (The) |
714,809 | 35,926,300 | ||||||
BJ’s Wholesale Club Holdings Inc.(a)(b) |
3,100,041 | 209,593,772 | ||||||
Chefs’ Warehouse Inc. (The)(a)(b) |
730,034 | 23,799,108 | ||||||
HF Foods Group Inc.(a)(b) |
754,763 | 5,026,722 | ||||||
Ingles Markets Inc., Class A |
311,698 | 27,756,707 | ||||||
MedAvail Holdings Inc.(a)(b) |
266,396 | 258,697 | ||||||
Natural Grocers by Vitamin Cottage Inc. |
195,078 | 3,823,529 | ||||||
Performance Food Group Co.(a)(b) |
3,434,529 | 174,851,871 | ||||||
PriceSmart Inc. |
543,264 | 42,847,232 | ||||||
Rite Aid Corp.(a)(b) |
1,247,757 | 10,917,874 | ||||||
SpartanNash Co. |
820,289 | 27,061,334 | ||||||
Sprouts Farmers Market Inc.(a)(b) |
2,550,147 | 81,553,701 | ||||||
United Natural Foods Inc.(a) |
1,298,290 | 53,684,291 | ||||||
Village Super Market Inc., Class A |
187,172 | 4,585,714 |
Security | Shares | Value | ||||||
Food & Staples Retailing (continued) |
||||||||
Weis Markets Inc. |
367,147 | $ | 26,221,639 | |||||
|
|
|||||||
727,908,491 | ||||||||
Food Products — 1.0% | ||||||||
AppHarvest Inc.(a)(b) |
1,573,926 | 8,459,852 | ||||||
B&G Foods Inc.(b) |
1,447,341 | 39,049,260 | ||||||
Calavo Growers Inc. |
397,884 | 14,502,872 | ||||||
Cal-Maine Foods Inc. |
923,129 | 50,975,183 | ||||||
Fresh Del Monte Produce Inc. |
757,853 | 19,635,971 | ||||||
Hostess Brands Inc.(a)(b) |
3,122,914 | 68,516,733 | ||||||
J&J Snack Foods Corp. |
335,848 | 52,090,025 | ||||||
John B Sanfilippo & Son Inc. |
199,840 | 16,674,650 | ||||||
Laird Superfood Inc.(a)(b) |
140,897 | 508,638 | ||||||
Lancaster Colony Corp. |
431,174 | 64,309,602 | ||||||
Landec Corp.(a)(b) |
572,899 | 6,634,170 | ||||||
Limoneira Co. |
356,903 | 5,239,336 | ||||||
Mission Produce Inc.(a) |
842,924 | 10,662,989 | ||||||
Sanderson Farms Inc. |
456,218 | 85,536,313 | ||||||
Seneca Foods Corp., Class A(a) |
140,012 | 7,216,219 | ||||||
Simply Good Foods Co. (The)(a)(b) |
1,932,735 | 73,347,293 | ||||||
Sovos Brands Inc.(a)(b) |
569,708 | 8,078,459 | ||||||
Tattooed Chef Inc.(a)(b) |
1,071,250 | 13,476,325 | ||||||
Tootsie Roll Industries Inc. |
346,008 | 12,096,452 | ||||||
TreeHouse Foods Inc.(a)(b) |
1,185,910 | 38,257,457 | ||||||
Utz Brands Inc. |
1,352,995 | 19,997,266 | ||||||
Vita Coco Co. Inc. (The)(a)(b) |
214,479 | 1,921,732 | ||||||
Vital Farms Inc.(a)(b) |
563,619 | 6,966,331 | ||||||
Whole Earth Brands Inc.(a)(b) |
849,939 | 6,085,563 | ||||||
|
|
|||||||
630,238,691 | ||||||||
Gas Utilities — 1.1% | ||||||||
Brookfield Infrastructure Corp., Class A |
1,435,837 | 108,319,543 | ||||||
Chesapeake Utilities Corp. |
376,592 | 51,879,314 | ||||||
New Jersey Resources Corp. |
2,193,402 | 100,589,416 | ||||||
Northwest Natural Holding Co. |
705,525 | 36,489,753 | ||||||
ONE Gas Inc. |
1,197,178 | 105,638,987 | ||||||
South Jersey Industries Inc. |
2,328,159 | 80,437,893 | ||||||
Southwest Gas Holdings Inc. |
1,491,747 | 116,788,873 | ||||||
Spire Inc. |
1,149,815 | 82,510,724 | ||||||
|
|
|||||||
682,654,503 | ||||||||
Health Care Equipment & Supplies — 3.5% | ||||||||
Accelerate Diagnostics Inc.(a)(b) |
749,858 | 1,079,796 | ||||||
Accuray Inc.(a)(b) |
2,077,903 | 6,877,859 | ||||||
Acutus Medical Inc.(a)(b) |
431,036 | 599,140 | ||||||
Alphatec Holdings Inc.(a)(b) |
1,595,583 | 18,349,204 | ||||||
AngioDynamics Inc.(a)(b) |
848,702 | 18,281,041 | ||||||
Apyx Medical Corp.(a)(b) |
710,791 | 4,641,465 | ||||||
Artivion Inc.(a)(b) |
865,026 | 18,494,256 | ||||||
Asensus Surgical Inc.(a)(b) |
5,356,633 | 3,357,538 | ||||||
Aspira Women’s Health Inc.(a)(b) |
1,652,492 | 1,718,592 | ||||||
AtriCure Inc.(a)(b) |
1,021,761 | 67,099,045 | ||||||
Atrion Corp. |
31,480 | 22,445,240 | ||||||
Avanos Medical Inc.(a)(b) |
1,087,752 | 36,439,692 | ||||||
Axogen Inc.(a)(b) |
866,988 | 6,883,885 | ||||||
Axonics Inc.(a)(b) |
1,047,639 | 65,582,201 | ||||||
BioLife Solutions Inc.(a) |
249,066 | 5,661,270 | ||||||
Bioventus Inc., Class A(a) |
630,445 | 8,889,274 | ||||||
Butterfly Network Inc.(a)(b) |
2,839,430 | 13,515,687 | ||||||
Cardiovascular Systems Inc.(a) |
894,668 | 20,219,497 | ||||||
Cerus Corp.(a)(b) |
3,861,884 | 21,201,743 | ||||||
ClearPoint Neuro Inc.(a)(b) |
427,703 | 4,452,388 |
S C H E D U L E O F I N V E S T M E N T S |
75 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Health Care Equipment & Supplies (continued) | ||||||||
CONMED Corp. |
658,671 | $ | 97,845,577 | |||||
CryoPort Inc.(a)(b) |
920,225 | 32,125,055 | ||||||
Cue Health Inc.(a)(b) |
352,459 | 2,273,361 | ||||||
Cutera Inc.(a)(b) |
396,503 | 27,358,707 | ||||||
CVRx Inc.(a)(b) |
184,148 | 1,103,047 | ||||||
CytoSorbents Corp.(a)(b) |
905,368 | 2,888,124 | ||||||
DarioHealth Corp.(a)(b) |
306,410 | 1,789,434 | ||||||
Eargo Inc.(a)(b) |
791,067 | 4,184,744 | ||||||
Glaukos Corp.(a)(b) |
1,034,961 | 59,841,445 | ||||||
Haemonetics Corp.(a)(b) |
1,136,516 | 71,850,542 | ||||||
Heska Corp.(a) |
221,290 | 30,599,981 | ||||||
Inari Medical Inc.(a)(b) |
776,937 | 70,421,570 | ||||||
Inogen Inc.(a)(b) |
441,517 | 14,313,981 | ||||||
Integer Holdings Corp.(a) |
748,558 | 60,311,318 | ||||||
Intersect ENT Inc.(a) |
752,957 | 21,090,326 | ||||||
Invacare Corp.(a) |
755,711 | 1,065,552 | ||||||
iRadimed Corp. |
144,155 | 6,463,910 | ||||||
iRhythm Technologies Inc.(a)(b) |
668,504 | 105,269,325 | ||||||
Lantheus Holdings Inc.(a) |
1,524,790 | 84,336,135 | ||||||
LeMaitre Vascular Inc. |
425,918 | 19,792,409 | ||||||
LivaNova PLC(a)(b) |
1,207,959 | 98,847,285 | ||||||
Meridian Bioscience Inc.(a)(b) |
965,427 | 25,062,485 | ||||||
Merit Medical Systems Inc.(a) |
1,160,295 | 77,182,823 | ||||||
Mesa Laboratories Inc.(b) |
111,908 | 28,523,111 | ||||||
Natus Medical Inc.(a)(b) |
760,163 | 19,977,084 | ||||||
Neogen Corp.(a)(b) |
2,453,251 | 75,658,261 | ||||||
Neuronetics Inc.(a)(b) |
573,409 | 1,737,429 | ||||||
NeuroPace Inc.(a)(b) |
158,303 | 1,299,668 | ||||||
Nevro Corp.(a)(b) |
779,667 | 56,393,314 | ||||||
NuVasive Inc.(a)(b) |
1,172,280 | 66,468,276 | ||||||
OraSure Technologies Inc.(a)(b) |
1,638,998 | 11,112,406 | ||||||
Ortho Clinical Diagnostics Holdings PLC(a) |
2,719,447 | 50,744,881 | ||||||
Orthofix Medical Inc.(a)(b) |
426,644 | 13,951,259 | ||||||
OrthoPediatrics Corp.(a)(b) |
315,366 | 17,026,610 | ||||||
Outset Medical Inc.(a)(b) |
1,065,981 | 48,395,537 | ||||||
Paragon 28 Inc.(a)(b) |
194,792 | 3,260,818 | ||||||
PAVmed Inc.(a)(b) |
1,644,836 | 2,171,184 | ||||||
PROCEPT BioRobotics Corp.(a)(b) |
170,004 | 5,948,440 | ||||||
Pulmonx Corp.(a)(b) |
611,394 | 15,168,685 | ||||||
Pulse Biosciences Inc.(a)(b) |
302,979 | 1,472,478 | ||||||
Quotient Ltd.(a)(b) |
1,783,655 | 2,140,386 | ||||||
Retractable Technologies Inc.(a)(b) |
395,722 | 1,879,679 | ||||||
RxSight Inc.(a)(b) |
355,736 | 4,404,012 | ||||||
SeaSpine Holdings Corp.(a)(b) |
721,723 | 8,776,152 | ||||||
Senseonics Holdings Inc.(a)(b) |
9,786,472 | 19,279,350 | ||||||
Shockwave Medical Inc.(a)(b) |
764,774 | 158,583,537 | ||||||
SI-BONE Inc.(a)(b) |
756,079 | 17,087,385 | ||||||
Sientra Inc.(a)(b) |
1,306,806 | 2,901,109 | ||||||
Sight Sciences Inc.(a)(b) |
476,310 | 5,506,144 | ||||||
Silk Road Medical Inc.(a)(b) |
782,969 | 32,328,790 | ||||||
STAAR Surgical Co.(a)(b) |
1,076,592 | 86,030,467 | ||||||
Stereotaxis Inc.(a)(b) |
1,129,270 | 4,212,177 | ||||||
Surmodics Inc.(a) |
307,428 | 13,935,711 | ||||||
Tactile Systems Technology Inc.(a)(b) |
435,818 | 8,786,091 | ||||||
Talis Biomedical Corp.(a)(b) |
328,396 | 463,038 | ||||||
TransMedics Group Inc.(a)(b) |
592,391 | 15,959,014 | ||||||
Treace Medical Concepts Inc.(a)(b) |
673,572 | 12,737,247 | ||||||
UFP Technologies Inc.(a)(b) |
157,378 | 10,413,702 | ||||||
Utah Medical Products Inc. |
76,563 | 6,879,951 | ||||||
Vapotherm Inc.(a)(b) |
519,485 | 7,220,841 |
Security | Shares | Value | ||||||
Health Care Equipment & Supplies (continued) | ||||||||
Varex Imaging Corp.(a)(b) |
874,238 | $ | 18,612,527 | |||||
ViewRay Inc.(a)(b) |
3,133,878 | 12,284,802 | ||||||
Zynex Inc.(b) |
531,830 | 3,313,301 | ||||||
|
|
|||||||
2,134,850,803 | ||||||||
Health Care Providers & Services — 3.0% | ||||||||
1Life Healthcare Inc.(a)(b) |
2,625,699 | 29,092,745 | ||||||
Accolade Inc.(a)(b) |
1,174,852 | 20,630,401 | ||||||
AdaptHealth Corp.(a)(b) |
1,622,300 | 26,005,469 | ||||||
Addus HomeCare Corp.(a) |
352,002 | 32,838,267 | ||||||
Agiliti Inc.(a)(b) |
530,950 | 11,203,045 | ||||||
AirSculpt Technologies Inc.(a)(b) |
73,985 | 1,012,115 | ||||||
Alignment Healthcare Inc.(a)(b) |
1,822,102 | 20,462,206 | ||||||
AMN Healthcare Services Inc.(a) |
1,065,089 | 111,120,735 | ||||||
Apollo Medical Holdings Inc.(a)(b) |
854,970 | 41,440,396 | ||||||
Aveanna Healthcare Holdings Inc.(a)(b) |
879,479 | 2,999,023 | ||||||
Biodesix Inc.(a)(b) |
279,180 | 471,814 | ||||||
Brookdale Senior Living Inc.(a)(b) |
4,174,784 | 29,432,227 | ||||||
Castle Biosciences Inc.(a)(b) |
480,114 | 21,537,914 | ||||||
Community Health Systems Inc.(a) |
2,814,318 | 33,405,955 | ||||||
Contra Zogenix Inc., NVS(b) |
1,280,909 | 871,018 | ||||||
CorVel Corp.(a) |
196,436 | 33,087,680 | ||||||
Covetrus Inc.(a)(b) |
2,348,807 | 39,436,470 | ||||||
Cross Country Healthcare Inc.(a)(b) |
796,664 | 17,263,709 | ||||||
Ensign Group Inc. (The) |
1,190,312 | 107,139,983 | ||||||
Fulgent Genetics Inc.(a)(b) |
476,197 | 29,719,455 | ||||||
Hanger Inc.(a) |
840,680 | 15,409,664 | ||||||
HealthEquity Inc.(a)(b) |
1,848,003 | 124,629,322 | ||||||
InfuSystem Holdings Inc.(a)(b) |
407,585 | 3,994,333 | ||||||
Innovage Holding Corp.(a)(b) |
416,654 | 2,674,919 | ||||||
Invitae Corp.(a)(b) |
4,522,022 | 36,040,515 | ||||||
Joint Corp. (The)(a) |
315,210 | 11,155,282 | ||||||
LHC Group Inc.(a)(b) |
691,196 | 116,535,646 | ||||||
LifeStance Health Group Inc.(a)(b) |
1,595,473 | 16,130,232 | ||||||
MEDNAX Inc.(a)(b) |
1,708,319 | 40,111,330 | ||||||
ModivCare Inc.(a) |
280,692 | 32,389,050 | ||||||
National HealthCare Corp. |
288,961 | 20,293,731 | ||||||
National Research Corp. |
308,751 | 12,241,977 | ||||||
Ontrak Inc.(a)(b) |
200,703 | 454,592 | ||||||
Option Care Health Inc.(a)(b) |
3,585,186 | 102,392,912 | ||||||
Owens & Minor Inc.(b) |
1,640,433 | 72,211,861 | ||||||
Patterson Companies Inc. |
1,940,371 | 62,809,809 | ||||||
Pennant Group Inc. (The)(a)(b) |
583,533 | 10,871,220 | ||||||
PetIQ Inc.(a)(b) |
607,573 | 14,824,781 | ||||||
Privia Health Group Inc.(a)(b) |
924,984 | 24,724,822 | ||||||
Progyny Inc.(a)(b) |
1,451,672 | 74,615,941 | ||||||
R1 RCM Inc.(a)(b) |
2,681,718 | 71,762,774 | ||||||
RadNet Inc.(a)(b) |
1,027,758 | 22,990,947 | ||||||
Select Medical Holdings Corp. |
2,500,064 | 59,976,535 | ||||||
Sharps Compliance Corp.(a)(b) |
326,527 | 1,926,509 | ||||||
SOC Telemed Inc.(a) |
1,368,788 | 4,092,676 | ||||||
Surgery Partners Inc.(a)(b) |
766,941 | 42,220,102 | ||||||
Tenet Healthcare Corp.(a) |
2,399,587 | 206,268,499 | ||||||
Tivity Health Inc.(a) |
997,026 | 32,074,326 | ||||||
U.S. Physical Therapy Inc.(b) |
290,074 | 28,847,859 | ||||||
Viemed Healthcare Inc.(a)(b) |
826,053 | 4,113,744 | ||||||
|
|
|||||||
1,877,956,537 | ||||||||
Health Care Technology — 1.0% | ||||||||
Allscripts Healthcare Solutions Inc.(a)(b) |
2,734,032 | 61,570,401 | ||||||
American Well Corp., Class A(a)(b) |
4,148,505 | 17,465,206 |
76 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Health Care Technology (continued) |
||||||||
Computer Programs & Systems Inc.(a)(b) |
320,632 | $ | 11,045,772 | |||||
Convey Health Solutions Holdings Inc.(a)(b) |
304,787 | 1,993,307 | ||||||
Evolent Health Inc., Class A(a)(b) |
1,808,947 | 58,428,988 | ||||||
Forian Inc.(a)(b) |
412,540 | 2,871,278 | ||||||
Health Catalyst Inc.(a)(b) |
1,209,301 | 31,599,035 | ||||||
HealthStream Inc.(a) |
578,212 | 11,517,983 | ||||||
Icad Inc.(a)(b) |
497,811 | 2,220,237 | ||||||
Inspire Medical Systems Inc.(a)(b) |
610,071 | 156,599,125 | ||||||
Multiplan Corp.(a)(b) |
7,438,990 | 34,814,473 | ||||||
NantHealth Inc.(a)(b) |
644,699 | 485,845 | ||||||
NextGen Healthcare Inc.(a) |
1,279,532 | 26,755,014 | ||||||
Omnicell Inc.(a)(b) |
991,185 | 128,348,546 | ||||||
OptimizeRx Corp.(a) |
389,281 | 14,679,787 | ||||||
Phreesia Inc.(a)(b) |
1,124,973 | 29,654,288 | ||||||
Schrodinger Inc.(a)(b) |
1,029,360 | 35,121,763 | ||||||
Simulations Plus Inc.(b) |
347,772 | 17,729,417 | ||||||
Tabula Rasa HealthCare Inc.(a)(b) |
510,919 | 2,942,894 | ||||||
|
|
|||||||
645,843,359 | ||||||||
Hotels, Restaurants & Leisure — 2.4% | ||||||||
Accel Entertainment Inc.(a)(b) |
1,270,547 | 15,475,262 | ||||||
Bally’s Corp.(a)(b) |
754,783 | 23,202,029 | ||||||
Biglari Holdings Inc., Class B, NVS(a)(b) |
18,482 | 2,672,682 | ||||||
BJ’s Restaurants Inc.(a) |
522,559 | 14,788,420 | ||||||
Bloomin’ Brands Inc. |
2,007,677 | 44,048,433 | ||||||
Bluegreen Vacations Holding Corp.(a)(b) |
326,583 | 9,657,059 | ||||||
Brinker International Inc.(a)(b) |
1,008,825 | 38,496,762 | ||||||
Carrols Restaurant Group Inc. |
762,918 | 1,724,195 | ||||||
Century Casinos Inc.(a)(b) |
604,431 | 7,222,950 | ||||||
Cheesecake Factory Inc. (The)(a)(b) |
1,031,459 | 41,041,754 | ||||||
Chuy’s Holdings Inc.(a)(b) |
456,646 | 12,329,442 | ||||||
Cracker Barrel Old Country Store Inc. |
538,975 | 63,992,502 | ||||||
Dave & Buster’s Entertainment Inc.(a) |
994,605 | 48,835,106 | ||||||
Denny’s Corp.(a)(b) |
1,382,627 | 19,785,392 | ||||||
Dine Brands Global Inc. |
368,430 | 28,719,119 | ||||||
Drive Shack Inc.(a)(b) |
1,924,359 | 2,963,513 | ||||||
El Pollo Loco Holdings Inc.(a)(b) |
440,916 | 5,123,444 | ||||||
Esports Technologies Inc.(a)(b) |
250,502 | 1,688,383 | ||||||
Everi Holdings Inc.(a)(b) |
1,936,032 | 40,656,672 | ||||||
F45 Training Holdings Inc.(a)(b) |
694,063 | 7,426,474 | ||||||
Fiesta Restaurant Group Inc.(a) |
393,015 | 2,937,787 | ||||||
First Watch Restaurant Group Inc.(a) |
226,098 | 2,950,579 | ||||||
Full House Resorts Inc.(a)(b) |
751,849 | 7,225,269 | ||||||
GAN Ltd.(a)(b) |
919,699 | 4,432,949 | ||||||
Golden Entertainment Inc.(a)(b) |
382,577 | 22,216,246 | ||||||
Golden Nugget Online Gaming Inc.(a)(b) |
899,826 | 6,397,763 | ||||||
Hall of Fame Resort & Entertainment Co.(a)(b) |
1,255,823 | 1,393,964 | ||||||
Hilton Grand Vacations Inc.(a)(b) |
1,937,330 | 100,760,533 | ||||||
International Game Technology PLC |
2,263,938 | 55,873,990 | ||||||
Jack in the Box Inc. |
480,624 | 44,895,088 | ||||||
Krispy Kreme Inc.(b) |
1,858,624 | 27,600,566 | ||||||
Kura Sushi USA Inc., Class A(a)(b) |
101,293 | 5,586,309 | ||||||
Life Time Group Holdings Inc.(a)(b) |
879,817 | 12,792,539 | ||||||
Lindblad Expeditions Holdings Inc.(a)(b) |
699,340 | 10,546,047 | ||||||
Monarch Casino & Resort Inc.(a)(b) |
297,604 | 25,959,997 | ||||||
Nathan’s Famous Inc. |
61,757 | 3,345,377 | ||||||
NEOGAMES SA(a) |
227,937 | 3,517,068 | ||||||
Noodles & Co.(a)(b) |
924,458 | 5,519,014 | ||||||
ONE Group Hospitality Inc. (The)(a) |
465,950 | 4,897,135 | ||||||
Papa John’s International Inc. |
746,391 | 78,580,044 | ||||||
PlayAGS Inc.(a)(b) |
624,559 | 4,165,809 |
Security | Shares | Value | ||||||
Hotels, Restaurants & Leisure (continued) |
||||||||
Portillo’s Inc., Class A(a)(b) |
525,416 | $ | 12,904,217 | |||||
RCI Hospitality Holdings Inc.(b) |
199,678 | 12,272,210 | ||||||
Red Robin Gourmet Burgers Inc.(a)(b) |
364,698 | 6,148,808 | ||||||
Red Rock Resorts Inc., Class A |
1,211,521 | 58,831,460 | ||||||
Rush Street Interactive Inc.(a)(b) |
1,213,988 | 8,825,693 | ||||||
Ruth’s Hospitality Group Inc. |
769,447 | 17,604,947 | ||||||
Scientific Games Corp./DE, Class A(a) |
2,175,661 | 127,820,084 | ||||||
SeaWorld Entertainment Inc.(a)(b) |
1,139,872 | 84,852,072 | ||||||
Shake Shack Inc., Class A(a)(b) |
847,858 | 57,569,558 | ||||||
Sweetgreen Inc.(a) |
251,770 | 8,054,122 | ||||||
Target Hospitality Corp.(a)(b) |
567,198 | 3,403,188 | ||||||
Texas Roadhouse Inc. |
1,583,400 | 132,578,082 | ||||||
Wingstop Inc. |
673,025 | 78,979,484 | ||||||
Xponential Fitness Inc., Class A(a)(b) |
264,799 | 6,206,889 | ||||||
|
|
|||||||
1,477,494,480 | ||||||||
Household Durables — 1.6% | ||||||||
Aterian Inc.(a)(b) |
591,277 | 1,436,803 | ||||||
Bassett Furniture Industries Inc. |
222,292 | 3,681,155 | ||||||
Beazer Homes USA Inc.(a)(b) |
670,126 | 10,199,318 | ||||||
Cavco Industries Inc.(a) |
208,346 | 50,180,134 | ||||||
Century Communities Inc. |
676,621 | 36,246,587 | ||||||
Ethan Allen Interiors Inc. |
548,422 | 14,297,361 | ||||||
Flexsteel Industries Inc. |
152,387 | 2,941,069 | ||||||
GoPro Inc., Class A(a)(b) |
2,877,334 | 24,543,659 | ||||||
Green Brick Partners Inc.(a)(b) |
691,249 | 13,659,080 | ||||||
Hamilton Beach Brands Holding Co., Class A |
170,311 | 1,980,717 | ||||||
Helen of Troy Ltd.(a)(b) |
544,677 | 106,669,544 | ||||||
Hooker Furnishings Corp. |
263,706 | 4,994,592 | ||||||
Hovnanian Enterprises Inc., Class A(a)(b) |
116,347 | 6,876,108 | ||||||
Installed Building Products Inc. |
535,142 | 45,214,148 | ||||||
iRobot Corp.(a)(b) |
603,739 | 38,277,053 | ||||||
KB Home |
1,792,197 | 58,031,339 | ||||||
Landsea Homes Corp.(a)(b) |
242,202 | 2,070,827 | ||||||
La-Z-Boy Inc. |
994,654 | 26,229,026 | ||||||
Legacy Housing Corp.(a)(b) |
185,211 | 3,974,628 | ||||||
LGI Homes Inc.(a)(b) |
483,839 | 47,261,393 | ||||||
Lifetime Brands Inc. |
292,167 | 3,751,424 | ||||||
Lovesac Co. (The)(a)(b) |
289,038 | 15,625,394 | ||||||
M/I Homes Inc.(a) |
642,699 | 28,503,701 | ||||||
MDC Holdings Inc. |
1,289,281 | 48,786,393 | ||||||
Meritage Homes Corp.(a) |
830,641 | 65,811,686 | ||||||
Purple Innovation Inc., Class A(a)(b) |
1,296,817 | 7,586,379 | ||||||
Skyline Champion Corp.(a)(b) |
1,180,584 | 64,790,450 | ||||||
Snap One Holdings Corp.(a)(b) |
402,445 | 5,936,064 | ||||||
Sonos Inc.(a)(b) |
2,890,570 | 81,571,885 | ||||||
Taylor Morrison Home Corp.(a)(b) |
2,702,105 | 73,551,298 | ||||||
Traeger Inc.(a)(b) |
673,306 | 5,009,397 | ||||||
Tri Pointe Homes Inc.(a)(b) |
2,480,785 | 49,814,163 | ||||||
Tupperware Brands Corp.(a)(b) |
1,121,350 | 21,810,257 | ||||||
Universal Electronics Inc.(a) |
293,596 | 9,171,939 | ||||||
VOXX International Corp.(a)(b) |
367,748 | 3,666,448 | ||||||
Vuzix Corp.(a)(b) |
1,336,703 | 8,822,240 | ||||||
Weber Inc., Class A(b) |
445,796 | 4,382,175 | ||||||
|
|
|||||||
997,355,834 | ||||||||
Household Products — 0.3% | ||||||||
Central Garden & Pet Co.(a)(b) |
221,669 | 9,744,569 | ||||||
Central Garden & Pet Co., Class A, NVS(a) |
927,584 | 37,826,876 | ||||||
Energizer Holdings Inc. |
1,518,232 | 46,700,816 | ||||||
Oil-Dri Corp. of America |
123,503 | 3,538,361 |
S C H E D U L E O F I N V E S T M E N T S |
77 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Household Products (continued) |
||||||||
WD-40 Co.(b) |
308,827 | $ | 56,586,371 | |||||
|
|
|||||||
154,396,993 | ||||||||
Independent Power and Renewable Electricity Producers — 0.4% | ||||||||
Clearway Energy Inc., Class A |
799,864 | 26,651,469 | ||||||
Clearway Energy Inc., Class C |
1,838,797 | 67,134,478 | ||||||
Ormat Technologies Inc. |
1,024,023 | 83,795,802 | ||||||
Sunnova Energy International Inc.(a)(b) |
1,948,173 | 44,924,869 | ||||||
|
|
|||||||
222,506,618 | ||||||||
Insurance — 1.9% | ||||||||
Ambac Financial Group Inc.(a) |
1,071,027 | 11,138,681 | ||||||
American Equity Investment Life Holding Co. |
1,880,224 | 75,039,740 | ||||||
American National Group Inc. |
171,478 | 32,424,775 | ||||||
AMERISAFE Inc. |
447,032 | 22,204,080 | ||||||
Argo Group International Holdings Ltd. |
723,733 | 29,875,698 | ||||||
Bright Health Group Inc.(a)(b) |
5,773,045 | 11,141,977 | ||||||
BRP Group Inc., Class A(a) |
1,101,804 | 29,561,401 | ||||||
Citizens Inc./TX(a)(b) |
1,189,233 | 5,042,348 | ||||||
CNO Financial Group Inc. |
2,765,620 | 69,389,406 | ||||||
Crawford & Co., Class A, NVS |
372,374 | 2,815,148 | ||||||
Donegal Group Inc., Class A |
335,979 | 4,505,478 | ||||||
eHealth Inc.(a)(b) |
568,839 | 7,059,292 | ||||||
Employers Holdings Inc. |
621,467 | 25,492,576 | ||||||
Enstar Group Ltd.(a)(b) |
285,018 | 74,432,451 | ||||||
Genworth Financial Inc., Class A(a) |
11,078,471 | 41,876,620 | ||||||
Goosehead Insurance Inc., Class A |
412,099 | 32,378,619 | ||||||
Greenlight Capital Re Ltd., Class A(a)(b) |
609,095 | 4,306,302 | ||||||
HCI Group Inc. |
127,398 | 8,685,996 | ||||||
Heritage Insurance Holdings Inc. |
628,660 | 4,488,632 | ||||||
Horace Mann Educators Corp. |
911,757 | 38,138,795 | ||||||
Investors Title Co. |
29,547 | 6,004,246 | ||||||
James River Group Holdings Ltd. |
817,834 | 20,233,213 | ||||||
Kinsale Capital Group Inc.(b) |
488,268 | 111,334,869 | ||||||
Maiden Holdings Ltd.(a)(b) |
1,589,856 | 3,831,553 | ||||||
MBIA Inc.(a)(b) |
1,072,970 | 16,513,008 | ||||||
MetroMile Inc.(a)(b) |
2,162,279 | 2,854,208 | ||||||
National Western Life Group Inc., Class A(b) |
61,822 | 13,007,349 | ||||||
NI Holdings Inc.(a)(b) |
201,968 | 3,425,377 | ||||||
Palomar Holdings Inc.(a)(b) |
560,006 | 35,834,784 | ||||||
ProAssurance Corp. |
1,159,638 | 31,171,070 | ||||||
RLI Corp. |
913,634 | 101,075,329 | ||||||
Safety Insurance Group Inc. |
319,405 | 29,017,944 | ||||||
Selective Insurance Group Inc. |
1,354,206 | 121,011,848 | ||||||
Selectquote Inc.(a)(b) |
3,090,138 | 8,621,485 | ||||||
SiriusPoint Ltd.(a) |
2,085,401 | 15,598,800 | ||||||
Stewart Information Services Corp. |
583,144 | 35,344,358 | ||||||
Tiptree Inc. |
528,929 | 6,796,738 | ||||||
Trean Insurance Group Inc.(a)(b) |
418,848 | 1,964,397 | ||||||
Trupanion Inc.(a)(b) |
867,974 | 77,353,843 | ||||||
United Fire Group Inc. |
473,687 | 14,717,455 | ||||||
United Insurance Holdings Corp. |
525,369 | 1,738,971 | ||||||
Universal Insurance Holdings Inc. |
658,674 | 8,885,512 | ||||||
|
|
|||||||
1,196,334,372 | ||||||||
Interactive Media & Services — 0.6% | ||||||||
Cargurus Inc.(a)(b) |
2,160,863 | 91,750,243 | ||||||
Cars.com Inc.(a) |
1,559,393 | 22,502,041 | ||||||
Eventbrite Inc., Class A(a)(b) |
1,750,369 | 25,852,950 | ||||||
EverQuote Inc., Class A(a)(b) |
431,878 | 6,987,786 | ||||||
fuboTV Inc.(a)(b) |
3,037,527 | 19,956,552 | ||||||
Liberty TripAdvisor Holdings Inc., Class A(a)(b) |
1,704,666 | 3,494,565 |
Security | Shares | Value | ||||||
Interactive Media & Services (continued) |
||||||||
MediaAlpha Inc., Class A(a)(b) |
475,290 | $ | 7,866,050 | |||||
Outbrain Inc.(a)(b) |
487,564 | 5,231,562 | ||||||
QuinStreet Inc.(a)(b) |
1,128,369 | 13,089,080 | ||||||
TrueCar Inc.(a)(b) |
2,148,010 | 8,484,639 | ||||||
Yelp Inc.(a)(b) |
1,625,688 | 55,452,218 | ||||||
Ziff Davis Inc.(a)(b) |
982,933 | 95,128,256 | ||||||
|
|
|||||||
355,795,942 | ||||||||
Internet & Direct Marketing Retail — 0.4% | ||||||||
1-800-Flowers.com Inc., Class A(a)(b) |
612,431 | 7,814,620 | ||||||
1stdibs.com Inc.(a)(b) |
423,058 | 3,380,233 | ||||||
aka Brands Holding Corp.(a)(b) |
160,636 | 710,011 | ||||||
CarParts.com Inc.(a)(b) |
1,115,096 | 7,471,143 | ||||||
Duluth Holdings Inc., Class B(a)(b) |
275,989 | 3,375,345 | ||||||
Groupon Inc.(a)(b) |
542,504 | 10,432,352 | ||||||
Lands’ End Inc.(a)(b) |
329,081 | 5,568,051 | ||||||
Liquidity Services Inc.(a) |
534,401 | 9,148,945 | ||||||
Lulu’s Fashion Lounge Holdings Inc.(a)(b) |
20,393 | 138,265 | ||||||
Overstock.com Inc.(a)(b) |
972,496 | 42,794,687 | ||||||
PetMed Express Inc. |
455,161 | 11,743,154 | ||||||
Porch Group Inc.(a)(b) |
1,763,437 | 12,247,070 | ||||||
Quotient Technology Inc.(a)(b) |
2,104,181 | 13,424,675 | ||||||
RealReal Inc. (The)(a)(b) |
1,781,367 | 12,932,724 | ||||||
Rent the Runway Inc.(a)(b) |
437,999 | 3,017,813 | ||||||
Revolve Group Inc.(a)(b) |
808,678 | 43,417,922 | ||||||
Shutterstock Inc. |
527,855 | 49,132,743 | ||||||
Stitch Fix Inc., Class A(a)(b) |
1,839,488 | 18,523,644 | ||||||
Xometry Inc., Class A(a)(b) |
551,455 | 20,265,971 | ||||||
|
|
|||||||
275,539,368 | ||||||||
IT Services — 1.5% | ||||||||
BigCommerce Holdings Inc., Series 1(a)(b) |
1,097,103 | 24,037,527 | ||||||
Brightcove Inc.(a)(b) |
916,154 | 7,146,001 | ||||||
Cantaloupe Inc.(a)(b) |
1,324,864 | 8,969,329 | ||||||
Cass Information Systems Inc. |
325,123 | 12,000,290 | ||||||
Conduent Inc.(a)(b) |
3,818,779 | 19,704,900 | ||||||
CSG Systems International Inc. |
732,202 | 46,546,081 | ||||||
DigitalOcean Holdings Inc.(a)(b) |
1,145,830 | 66,286,265 | ||||||
EVERTEC Inc. |
1,371,804 | 56,147,938 | ||||||
Evo Payments Inc., Class A(a)(b) |
1,075,499 | 24,833,272 | ||||||
ExlService Holdings Inc.(a)(b) |
744,226 | 106,625,259 | ||||||
Flywire Corp.(a)(b) |
1,272,190 | 38,903,570 | ||||||
GreenBox POS(a)(b) |
409,276 | 1,727,145 | ||||||
Grid Dynamics Holdings Inc.(a)(b) |
1,008,966 | 14,206,241 | ||||||
Hackett Group Inc. (The) |
539,826 | 12,448,388 | ||||||
I3 Verticals Inc., Class A(a)(b) |
471,874 | 13,146,410 | ||||||
IBEX Holdings Ltd.(a) |
128,784 | 2,052,817 | ||||||
International Money Express Inc.(a) |
727,733 | 14,998,577 | ||||||
Limelight Networks Inc.(a)(b) |
2,835,910 | 14,803,450 | ||||||
LiveRamp Holdings Inc.(a)(b) |
1,501,642 | 56,146,394 | ||||||
Maximus Inc. |
1,402,881 | 105,145,931 | ||||||
MoneyGram International Inc.(a)(b) |
2,036,651 | 21,507,035 | ||||||
Paya Holdings Inc., Class A(a)(b) |
1,877,681 | 11,003,211 | ||||||
Perficient Inc.(a)(b) |
733,707 | 80,773,804 | ||||||
Priority Technology Holdings Inc.(a)(b) |
226,773 | 1,303,945 | ||||||
Rackspace Technology Inc.(a)(b) |
1,237,324 | 13,808,536 | ||||||
Remitly Global Inc.(a)(b) |
267,601 | 2,641,222 | ||||||
Repay Holdings Corp.(a)(b) |
1,951,548 | 28,824,364 | ||||||
StarTek Inc.(a)(b) |
382,189 | 1,693,097 | ||||||
TTEC Holdings Inc. |
417,949 | 34,489,151 | ||||||
Tucows Inc., Class A(a)(b) |
216,460 | 14,784,218 |
78 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
IT Services (continued) |
||||||||
Unisys Corp.(a)(b) |
1,480,309 | $ | 31,989,477 | |||||
Verra Mobility Corp.(a)(b) |
3,390,179 | 55,192,114 | ||||||
|
|
|||||||
943,885,959 | ||||||||
Leisure Products — 0.5% | ||||||||
Acushnet Holdings Corp. |
768,210 | 30,928,135 | ||||||
American Outdoor Brands Inc.(a)(b) |
330,051 | 4,333,570 | ||||||
AMMO Inc.(a)(b) |
1,977,910 | 9,493,968 | ||||||
Callaway Golf Co.(a) |
2,604,879 | 61,006,266 | ||||||
Clarus Corp.(b) |
604,061 | 13,760,509 | ||||||
Escalade Inc. |
227,460 | 3,002,472 | ||||||
Genius Brands International Inc.(a)(b) |
6,424,263 | 6,552,748 | ||||||
Johnson Outdoors Inc., Class A |
116,803 | 9,079,097 | ||||||
Latham Group Inc.(a)(b) |
954,513 | 12,637,752 | ||||||
Malibu Boats Inc., Class A(a)(b) |
463,785 | 26,904,168 | ||||||
Marine Products Corp. |
187,151 | 2,161,594 | ||||||
MasterCraft Boat Holdings Inc.(a)(b) |
429,189 | 10,562,341 | ||||||
Nautilus Inc.(a)(b) |
695,906 | 2,867,133 | ||||||
Smith & Wesson Brands Inc. |
1,058,145 | 16,009,734 | ||||||
Solo Brands Inc., Class A(a)(b) |
297,637 | 2,538,844 | ||||||
Sturm Ruger & Co. Inc. |
386,019 | 26,874,643 | ||||||
Vista Outdoor Inc.(a) |
1,284,605 | 45,847,552 | ||||||
|
|
|||||||
284,560,526 | ||||||||
Life Sciences Tools & Services — 0.6% | ||||||||
Absci Corp.(a)(b) |
1,213,109 | 10,226,509 | ||||||
Aduro Biotech Inc., NVS(b)(c) |
272,340 | 817,020 | ||||||
Akoya Biosciences Inc.(a)(b) |
274,031 | 3,011,601 | ||||||
Alpha Teknova Inc.(a)(b) |
157,626 | 2,176,815 | ||||||
Berkeley Lights Inc.(a)(b) |
1,100,737 | 7,826,240 | ||||||
BioNano Genomics Inc.(a)(b) |
6,526,761 | 16,839,043 | ||||||
ChromaDex Corp.(a)(b) |
1,066,104 | 2,622,616 | ||||||
Codex DNA Inc.(a)(b) |
175,548 | 942,693 | ||||||
Codexis Inc.(a)(b) |
1,355,267 | 27,945,606 | ||||||
Cytek Biosciences Inc.(a)(b) |
2,148,044 | 23,155,914 | ||||||
Fluidigm Corp.(a)(b) |
1,719,212 | 6,171,971 | ||||||
Harvard Bioscience Inc.(a)(b) |
882,024 | 5,477,369 | ||||||
Inotiv Inc.(a)(b) |
390,662 | 10,227,531 | ||||||
IsoPlexis Corp(a)(b) |
24,280 | 83,280 | ||||||
MaxCyte Inc.(a)(b) |
2,222,793 | 15,537,323 | ||||||
Medpace Holdings Inc.(a)(b) |
654,468 | 107,064,420 | ||||||
NanoString Technologies Inc.(a)(b) |
1,026,028 | 35,654,473 | ||||||
NeoGenomics Inc.(a)(b) |
2,557,487 | 31,073,467 | ||||||
Pacific Biosciences of California Inc.(a)(b) |
4,388,535 | 39,935,668 | ||||||
Personalis Inc.(a)(b) |
847,167 | 6,938,298 | ||||||
Quanterix Corp.(a)(b) |
695,393 | 20,298,522 | ||||||
Rapid Micro Biosystems Inc., Cass A(a)(b) |
318,449 | 2,162,269 | ||||||
Seer Inc., Class A(a)(b) |
939,903 | 14,324,122 | ||||||
Singular Genomics Systems Inc.(a)(b) |
1,024,124 | 6,462,222 | ||||||
|
|
|||||||
396,974,992 | ||||||||
Machinery — 3.7% | ||||||||
AgEagle Aerial Systems Inc.(a)(b) |
1,517,221 | 1,805,493 | ||||||
Alamo Group Inc. |
224,210 | 32,239,156 | ||||||
Albany International Corp., Class A |
700,971 | 59,105,875 | ||||||
Altra Industrial Motion Corp. |
1,474,657 | 57,408,397 | ||||||
Astec Industries Inc. |
513,950 | 22,099,850 | ||||||
Barnes Group Inc. |
1,076,383 | 43,259,833 | ||||||
Blue Bird Corp.(a)(b) |
391,535 | 7,368,689 | ||||||
Chart Industries Inc.(a)(b) |
828,227 | 142,264,552 | ||||||
CIRCOR International Inc.(a)(b) |
420,836 | 11,202,654 | ||||||
Columbus McKinnon Corp./NY(b) |
625,858 | 26,536,379 |
Security | Shares | Value | ||||||
Machinery (continued) |
||||||||
Commercial Vehicle Group Inc.(a)(b) |
728,612 | $ | 6,156,771 | |||||
Desktop Metal Inc., Class A(a) |
4,292,281 | 20,345,412 | ||||||
Douglas Dynamics Inc. |
514,932 | 17,811,498 | ||||||
Energy Recovery Inc.(a)(b) |
931,233 | 18,755,033 | ||||||
Enerpac Tool Group Corp.(b) |
1,365,266 | 29,885,673 | ||||||
EnPro Industries Inc. |
468,571 | 45,793,444 | ||||||
ESCO Technologies Inc. |
576,993 | 40,343,351 | ||||||
Evoqua Water Technologies Corp.(a)(b) |
2,614,119 | 122,811,311 | ||||||
Federal Signal Corp. |
1,371,296 | 46,281,240 | ||||||
Franklin Electric Co. Inc. |
1,053,222 | 87,459,555 | ||||||
Gorman-Rupp Co. (The) |
502,499 | 18,029,664 | ||||||
Greenbrier Companies Inc. (The) |
714,505 | 36,804,153 | ||||||
Helios Technologies Inc. |
727,994 | 58,421,518 | ||||||
Hillenbrand Inc. |
1,651,316 | 72,938,628 | ||||||
Hydrofarm Holdings Group Inc.(a)(b) |
920,686 | 13,948,393 | ||||||
Hyliion Holdings Corp.(a)(b) |
2,651,166 | 11,744,665 | ||||||
Hyster-Yale Materials Handling Inc. |
228,032 | 7,572,943 | ||||||
Ideanomics Inc.(a)(b) |
10,990,853 | 12,309,755 | ||||||
John Bean Technologies Corp. |
708,062 | 83,884,105 | ||||||
Kadant Inc.(b) |
258,258 | 50,151,121 | ||||||
Kennametal Inc. |
1,906,529 | 54,545,795 | ||||||
Lindsay Corp. |
245,645 | 38,568,721 | ||||||
Luxfer Holdings PLC |
619,618 | 10,409,582 | ||||||
Manitowoc Co. Inc. (The)(a)(b) |
794,416 | 11,979,793 | ||||||
Mayville Engineering Co. Inc.(a)(b) |
203,999 | 1,911,471 | ||||||
Meritor Inc.(a)(b) |
1,529,035 | 54,387,775 | ||||||
Miller Industries Inc./TN |
250,450 | 7,052,672 | ||||||
Mueller Industries Inc. |
1,265,260 | 68,539,134 | ||||||
Mueller Water Products Inc., Class A |
3,541,685 | 45,758,570 | ||||||
Nikola Corp.(a)(b) |
5,144,802 | 55,100,829 | ||||||
NN Inc.(a)(b) |
996,276 | 2,869,275 | ||||||
Omega Flex Inc. |
70,528 | 9,159,471 | ||||||
Park-Ohio Holdings Corp. |
185,860 | 2,615,050 | ||||||
Proto Labs Inc.(a)(b) |
627,648 | 33,202,579 | ||||||
RBC Bearings Inc.(a)(b) |
633,060 | 122,737,673 | ||||||
REV Group Inc. |
753,645 | 10,098,843 | ||||||
Shyft Group Inc. (The)(b) |
799,801 | 28,880,814 | ||||||
SPX Corp.(a) |
989,053 | 48,869,109 | ||||||
SPX FLOW Inc. |
948,280 | 81,760,702 | ||||||
Standex International Corp. |
268,884 | 26,866,889 | ||||||
Tennant Co. |
415,850 | 32,768,980 | ||||||
Terex Corp. |
1,571,571 | 56,042,222 | ||||||
Titan International Inc.(a) |
1,157,525 | 17,050,343 | ||||||
Trinity Industries Inc. |
1,740,154 | 59,791,691 | ||||||
Wabash National Corp. |
1,101,726 | 16,349,614 | ||||||
Watts Water Technologies Inc., Class A |
621,887 | 86,809,206 | ||||||
Welbilt Inc.(a)(b) |
2,951,929 | 70,108,314 | ||||||
|
|
|||||||
2,258,974,228 | ||||||||
Marine — 0.3% | ||||||||
Costamare Inc. |
1,211,052 | 20,648,436 | ||||||
Eagle Bulk Shipping Inc. |
202,079 | 13,763,601 | ||||||
Genco Shipping & Trading Ltd. |
715,676 | 16,904,267 | ||||||
Matson Inc. |
938,910 | 113,251,324 | ||||||
Safe Bulkers Inc.(b) |
1,435,488 | 6,832,923 | ||||||
|
|
|||||||
171,400,551 | ||||||||
Media — 1.0% | ||||||||
Advantage Solutions Inc.(a)(b) |
1,745,755 | 11,137,917 | ||||||
AMC Networks Inc., Class A(a)(b) |
664,857 | 27,013,140 | ||||||
Audacy Inc(a) |
2,666,957 | 7,707,506 |
S C H E D U L E O F I N V E S T M E N T S |
79 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Media (continued) |
||||||||
Boston Omaha Corp., Class A(a)(b) |
450,022 | $ | 11,417,058 | |||||
Cardlytics Inc.(a)(b) |
731,928 | 40,241,401 | ||||||
Clear Channel Outdoor Holdings Inc.(a)(b) |
8,214,068 | 28,420,675 | ||||||
comScore Inc.(a) |
1,598,087 | 4,650,433 | ||||||
Daily Journal Corp.(a)(b) |
27,736 | 8,653,355 | ||||||
Digital Media Solutions Inc., Class A(a)(b) |
68,472 | 249,238 | ||||||
Emerald Holding Inc.(a)(b) |
601,829 | 2,046,219 | ||||||
Entravision Communications Corp., Class A |
1,384,462 | 8,874,401 | ||||||
EW Scripps Co. (The), Class A(a) |
1,303,253 | 27,094,630 | ||||||
Fluent Inc.(a)(b) |
1,008,870 | 2,098,450 | ||||||
Gannett Co. Inc.(a)(b) |
3,186,408 | 14,370,700 | ||||||
Gray Television Inc. |
1,931,949 | 42,638,114 | ||||||
Hemisphere Media Group Inc.(a)(b) |
362,289 | 1,655,661 | ||||||
iHeartMedia Inc., Class A(a)(b) |
2,542,385 | 48,127,348 | ||||||
Integral Ad Science Holding Corp.(a) |
702,323 | 9,692,057 | ||||||
John Wiley & Sons Inc., Class A |
978,983 | 51,915,469 | ||||||
Magnite Inc.(a)(b) |
2,942,089 | 38,864,996 | ||||||
National CineMedia Inc. |
1,364,069 | 3,464,735 | ||||||
Scholastic Corp. |
602,316 | 24,261,289 | ||||||
Sinclair Broadcast Group Inc., Class A |
1,047,814 | 29,359,748 | ||||||
Stagwell Inc.(a)(b) |
1,418,185 | 10,267,659 | ||||||
TechTarget Inc.(a)(b) |
593,970 | 48,277,882 | ||||||
TEGNA Inc. |
4,995,439 | 111,897,834 | ||||||
Thryv Holdings Inc.(a)(b) |
172,560 | 4,852,387 | ||||||
WideOpenWest Inc.(a)(b) |
1,165,030 | 20,318,123 | ||||||
|
|
|||||||
639,568,425 | ||||||||
Metals & Mining — 1.5% | ||||||||
Allegheny Technologies Inc.(a)(b) |
2,866,202 | 76,928,862 | ||||||
Arconic Corp.(a)(b) |
2,404,262 | 61,597,192 | ||||||
Carpenter Technology Corp. |
1,075,537 | 45,151,043 | ||||||
Century Aluminum Co.(a)(b) |
1,162,556 | 30,586,848 | ||||||
Coeur Mining Inc.(a)(b) |
5,769,473 | 25,674,155 | ||||||
Commercial Metals Co. |
2,702,213 | 112,466,105 | ||||||
Compass Minerals International Inc. |
771,857 | 48,464,901 | ||||||
Constellium SE(a) |
2,808,016 | 50,544,288 | ||||||
Ferroglobe PLC |
1,289,900 | 13 | ||||||
Gatos Silver Inc.(a)(b) |
1,045,036 | 4,514,556 | ||||||
Haynes International Inc. |
281,194 | 11,978,864 | ||||||
Hecla Mining Co. |
12,012,667 | 78,923,222 | ||||||
Kaiser Aluminum Corp. |
355,968 | 33,517,947 | ||||||
Materion Corp. |
458,143 | 39,281,181 | ||||||
MP Materials Corp.(a)(b) |
1,714,293 | 98,297,561 | ||||||
NovaGold Resources Inc.(a)(b) |
5,344,777 | 41,315,126 | ||||||
Olympic Steel Inc. |
220,343 | 8,474,392 | ||||||
Perpetua Resources Corp.(a) |
609,192 | 2,497,687 | ||||||
PolyMet Mining Corp.(a)(b) |
656,234 | 2,749,621 | ||||||
Ryerson Holding Corp. |
370,767 | 12,984,260 | ||||||
Schnitzer Steel Industries Inc., Class A |
579,753 | 30,112,371 | ||||||
SunCoke Energy Inc. |
1,907,049 | 16,991,807 | ||||||
TimkenSteel Corp.(a)(b) |
1,029,556 | 22,526,685 | ||||||
Warrior Met Coal Inc. |
1,153,696 | 42,813,659 | ||||||
Worthington Industries Inc. |
744,147 | 38,256,597 | ||||||
|
|
|||||||
936,648,943 | ||||||||
Mortgage Real Estate Investment — 1.3% | ||||||||
AFC Gamma Inc. |
292,542 | 5,593,403 | ||||||
Angel Oak Mortgage Inc. |
210,462 | 3,453,681 | ||||||
Apollo Commercial Real Estate Finance Inc. |
3,162,716 | 44,056,634 | ||||||
Arbor Realty Trust Inc. |
3,227,807 | 55,066,387 | ||||||
Ares Commercial Real Estate Corp. |
985,039 | 15,287,805 |
Security | Shares | Value | ||||||
Mortgage Real Estate Investment (continued) |
| |||||||
ARMOUR Residential REIT Inc. |
1,991,590 | $ | 16,729,356 | |||||
Blackstone Mortgage Trust Inc., Class A |
3,547,576 | 112,777,441 | ||||||
BrightSpire Capital Inc. |
1,912,585 | 17,691,411 | ||||||
Broadmark Realty Capital Inc. |
2,897,616 | 25,064,378 | ||||||
Chicago Atlantic Real Estate Finance Inc., NVS |
99,615 | 1,766,174 | ||||||
Chimera Investment Corp. |
5,316,197 | 64,007,012 | ||||||
Dynex Capital Inc. |
830,696 | 13,457,275 | ||||||
Ellington Financial Inc. |
1,209,290 | 21,464,898 | ||||||
Franklin BSP Realty Trust Inc. |
739,182 | 10,333,764 | ||||||
Granite Point Mortgage Trust Inc. |
1,292,761 | 14,375,502 | ||||||
Great Ajax Corp. |
512,026 | 6,006,065 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital Inc. |
1,733,751 | 82,231,810 | ||||||
Invesco Mortgage Capital Inc. |
7,179,395 | 16,369,021 | ||||||
KKR Real Estate Finance Trust Inc. |
782,270 | 16,122,585 | ||||||
Ladder Capital Corp. |
2,566,784 | 30,467,726 | ||||||
MFA Financial Inc. |
10,071,360 | 40,587,581 | ||||||
New York Mortgage Trust Inc. |
8,449,630 | 30,841,150 | ||||||
Orchid Island Capital Inc.(b) |
3,097,534 | 10,066,986 | ||||||
PennyMac Mortgage Investment Trust |
2,213,034 | 37,378,144 | ||||||
Ready Capital Corp. |
1,476,446 | 22,235,277 | ||||||
Redwood Trust Inc. |
2,603,453 | 27,414,360 | ||||||
TPG RE Finance Trust Inc. |
1,380,854 | 16,307,886 | ||||||
Two Harbors Investment Corp. |
7,696,583 | 42,562,104 | ||||||
|
|
|||||||
799,715,816 | ||||||||
Multi-Utilities — 0.5% | ||||||||
Avista Corp. |
1,640,113 | 74,051,102 | ||||||
Black Hills Corp. |
1,452,817 | 111,895,965 | ||||||
NorthWestern Corp. |
1,213,921 | 73,430,081 | ||||||
Unitil Corp. |
352,972 | 17,606,244 | ||||||
|
|
|||||||
276,983,392 | ||||||||
Multiline Retail — 0.4% | ||||||||
Big Lots Inc.(b) |
689,745 | 23,865,177 | ||||||
Dillard’s Inc., Class A(b) |
122,583 | 32,900,052 | ||||||
Franchise Group Inc. |
645,621 | 26,748,078 | ||||||
Macy’s Inc. |
6,817,548 | 166,075,469 | ||||||
|
|
|||||||
249,588,776 | ||||||||
Oil, Gas & Consumable Fuels — 5.4% | ||||||||
Aemetis Inc.(a)(b) |
619,734 | 7,852,030 | ||||||
Alto Ingredients Inc.(a)(b) |
1,753,352 | 11,957,861 | ||||||
Antero Resources Corp.(a)(b) |
6,464,379 | 197,357,491 | ||||||
Arch Resources Inc.(b) |
340,879 | 46,829,957 | ||||||
Berry Corp. |
1,500,884 | 15,489,123 | ||||||
Brigham Minerals Inc., Class A |
993,442 | 25,382,443 | ||||||
California Resources Corp. |
1,831,510 | 81,923,442 | ||||||
Callon Petroleum Co.(a)(b) |
1,092,117 | 64,522,272 | ||||||
Centennial Resource Development Inc./DE, Class A(a) |
4,146,997 | 33,466,266 | ||||||
Centrus Energy Corp., Class A(a)(b) |
223,650 | 7,537,005 | ||||||
Chesapeake Energy Corp. |
2,367,564 | 205,978,068 | ||||||
Civitas Resources Inc. |
983,042 | 58,697,438 | ||||||
Clean Energy Fuels Corp.(a)(b) |
3,516,994 | 27,924,932 | ||||||
CNX Resources Corp.(a)(b) |
4,546,153 | 94,196,290 | ||||||
Comstock Resources Inc.(a)(b) |
2,081,745 | 27,166,772 | ||||||
CONSOL Energy Inc.(a)(b) |
784,385 | 29,516,408 | ||||||
Crescent Energy Inc. |
671,211 | 11,638,799 | ||||||
CVR Energy Inc. |
720,995 | 18,414,212 | ||||||
Delek U.S. Holdings Inc.(a) |
1,552,205 | 32,937,790 | ||||||
Denbury Inc.(a)(b) |
1,140,518 | 89,610,499 |
80 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Oil, Gas & Consumable Fuels (continued) |
| |||||||
DHT Holdings Inc. |
3,260,346 | $ | 18,910,007 | |||||
Dorian LPG Ltd. |
696,076 | 10,086,141 | ||||||
Earthstone Energy Inc., Class A(a)(b) |
673,355 | 8,504,474 | ||||||
Energy Fuels Inc./Canada(a)(b) |
3,537,578 | 32,368,839 | ||||||
Equitrans Midstream Corp. |
9,233,034 | 77,926,807 | ||||||
Escrow PetroCorp.(a)(c) |
26,106 | — | ||||||
Falcon Minerals Corp. |
940,299 | 6,337,615 | ||||||
Frontline Ltd./Bermuda(a) |
2,839,995 | 24,991,956 | ||||||
Gevo Inc.(a)(b) |
4,616,833 | 21,606,778 | ||||||
Golar LNG Ltd.(a)(b) |
2,300,856 | 57,015,212 | ||||||
Green Plains Inc.(a)(b) |
800,530 | 24,824,435 | ||||||
HighPeak Energy Inc.(b) |
113,294 | 2,515,127 | ||||||
International Seaways Inc. |
1,031,193 | 18,602,722 | ||||||
Kinetik Holdings Inc. |
74,113 | 4,818,086 | ||||||
Kosmos Energy Ltd.(a) |
10,172,235 | 73,138,370 | ||||||
Laredo Petroleum Inc.(a)(b) |
288,522 | 22,833,631 | ||||||
Magnolia Oil & Gas Corp., Class A |
3,246,572 | 76,781,428 | ||||||
Matador Resources Co.(b) |
2,501,878 | 132,549,496 | ||||||
Murphy Oil Corp. |
3,325,894 | 134,332,859 | ||||||
Nordic American Tankers Ltd. |
3,833,757 | 8,165,902 | ||||||
Northern Oil and Gas Inc. |
1,361,666 | 38,385,365 | ||||||
Oasis Petroleum Inc. |
446,256 | 65,287,253 | ||||||
Ovintiv Inc. |
5,923,503 | 320,283,807 | ||||||
Par Pacific Holdings Inc.(a) |
1,050,839 | 13,681,924 | ||||||
PBF Energy Inc., Class A(a) |
2,177,866 | 53,074,594 | ||||||
PDC Energy Inc. |
2,204,661 | 160,234,761 | ||||||
Peabody Energy Corp.(a)(b) |
2,007,340 | 49,240,050 | ||||||
Range Resources Corp.(a) |
5,401,755 | 164,105,317 | ||||||
Ranger Oil Corp.(a) |
474,333 | 16,378,718 | ||||||
Renewable Energy Group Inc.(a) |
1,017,147 | 61,689,966 | ||||||
REX American Resources Corp.(a) |
129,491 | 12,897,304 | ||||||
Riley Exploration Permian Inc.(b) |
217,222 | 5,447,928 | ||||||
Scorpio Tankers Inc. |
1,111,590 | 23,765,794 | ||||||
SFL Corp. Ltd. |
2,833,079 | 28,840,744 | ||||||
SM Energy Co.(b) |
2,711,873 | 105,627,453 | ||||||
Southwestern Energy Co.(a)(b) |
22,963,329 | 164,647,069 | ||||||
Talos Energy Inc.(a)(b) |
845,112 | 13,344,318 | ||||||
Teekay Corp.(a)(b) |
1,578,680 | 5,004,416 | ||||||
Teekay Tankers Ltd., Class A(a)(b) |
542,084 | 7,502,443 | ||||||
Tellurian Inc.(a)(b) |
8,361,329 | 44,315,044 | ||||||
Uranium Energy Corp.(a)(b) |
6,036,820 | 27,709,004 | ||||||
Ur-Energy Inc.(a)(b) |
4,166,296 | 6,666,074 | ||||||
W&T Offshore Inc.(a)(b) |
2,088,880 | 7,979,522 | ||||||
Whiting Petroleum Corp. |
889,940 | 72,539,009 | ||||||
World Fuel Services Corp. |
1,454,577 | 39,331,762 | ||||||
|
|
|||||||
3,352,688,622 | ||||||||
Paper & Forest Products — 0.1% | ||||||||
Clearwater Paper Corp.(a) |
376,874 | 10,563,778 | ||||||
Glatfelter Corp. |
1,004,539 | 12,436,193 | ||||||
Neenah Inc. |
384,424 | 15,246,256 | ||||||
Schweitzer-Mauduit International Inc. |
714,619 | 19,652,022 | ||||||
|
|
|||||||
57,898,249 | ||||||||
Personal Products — 0.6% | ||||||||
Beauty Health Co. (The)(a)(b) |
1,973,998 | 33,321,086 | ||||||
BellRing Brands Inc.(a) |
2,554,254 | 58,952,182 | ||||||
Edgewell Personal Care Co. |
1,223,281 | 44,857,714 | ||||||
elf Beauty Inc.(a)(b) |
1,083,768 | 27,993,728 | ||||||
Honest Co. Inc. (The)(a)(b) |
1,855,287 | 9,666,045 | ||||||
Inter Parfums Inc. |
404,336 | 35,601,785 |
Security | Shares | Value | ||||||
Personal Products (continued) |
||||||||
Medifast Inc. |
262,068 | $ | 44,755,973 | |||||
Nature’s Sunshine Products Inc.(a) |
276,337 | 4,647,988 | ||||||
NewAge Inc.(a)(b) |
3,026,427 | 1,758,354 | ||||||
Nu Skin Enterprises Inc., Class A |
1,129,111 | 54,061,835 | ||||||
Revlon Inc., Class A(a)(b) |
162,512 | 1,311,472 | ||||||
USANA Health Sciences Inc.(a)(b) |
268,532 | 21,334,868 | ||||||
Veru Inc.(a)(b) |
1,455,004 | 7,027,669 | ||||||
|
|
|||||||
345,290,699 | ||||||||
Pharmaceuticals — 1.5% | ||||||||
9 Meters Biopharma Inc.(a)(b) |
4,983,810 | 2,986,797 | ||||||
Aclaris Therapeutics Inc.(a)(b) |
1,155,995 | 19,929,354 | ||||||
Aerie Pharmaceuticals Inc.(a)(b) |
962,692 | 8,760,497 | ||||||
Amneal Pharmaceuticals Inc.(a)(b) |
2,229,413 | 9,296,652 | ||||||
Amphastar Pharmaceuticals Inc.(a)(b) |
839,904 | 30,152,554 | ||||||
Ampio Pharmaceuticals Inc.(a)(b) |
4,369,520 | 2,053,674 | ||||||
Amylyx Pharmaceuticals Inc.(a)(b) |
208,948 | 2,684,982 | ||||||
Angion Biomedica Corp.(a)(b) |
492,072 | 1,043,193 | ||||||
ANI Pharmaceuticals Inc.(a)(b) |
241,941 | 6,800,962 | ||||||
Antares Pharma Inc.(a) |
3,788,815 | 15,534,141 | ||||||
Arvinas Inc.(a)(b) |
1,067,379 | 71,834,607 | ||||||
Atea Pharmaceuticals Inc.(a)(b) |
1,461,448 | 10,551,655 | ||||||
Athira Pharma Inc.(a)(b) |
734,385 | 9,914,197 | ||||||
Axsome Therapeutics Inc.(a)(b) |
632,057 | 26,160,839 | ||||||
Cara Therapeutics Inc.(a)(b) |
1,003,911 | 12,197,519 | ||||||
Cassava Sciences Inc.(a)(b) |
867,153 | 32,206,062 | ||||||
CinCor Pharma Inc.(a)(b) |
240,740 | 4,222,580 | ||||||
Citius Pharmaceuticals Inc.(a)(b) |
2,594,838 | 4,644,760 | ||||||
Collegium Pharmaceutical Inc.(a)(b) |
791,515 | 16,115,245 | ||||||
Corcept Therapeutics Inc.(a)(b) |
1,990,006 | 44,814,935 | ||||||
CorMedix Inc.(a)(b) |
862,605 | 4,727,075 | ||||||
Cymabay Therapeutics Inc.(a)(b) |
1,523,441 | 4,737,902 | ||||||
DICE Therapeutics Inc.(a)(b) |
308,442 | 5,900,495 | ||||||
Durect Corp.(a)(b) |
5,142,451 | 3,444,928 | ||||||
Edgewise Therapeutics Inc.(a) |
853,645 | 8,280,356 | ||||||
Endo International PLC(a)(b) |
5,358,563 | 12,378,281 | ||||||
Esperion Therapeutics Inc.(a)(b) |
1,260,192 | 5,847,291 | ||||||
Evolus Inc.(a)(b) |
740,188 | 8,304,909 | ||||||
EyePoint Pharmaceuticals Inc.(a)(b) |
550,657 | 6,690,483 | ||||||
Fulcrum Therapeutics Inc.(a)(b) |
637,861 | 15,085,413 | ||||||
Harmony Biosciences Holdings Inc.(a) |
514,430 | 25,027,019 | ||||||
Ikena Oncology Inc.(a)(b) |
557,841 | 3,402,830 | ||||||
Innoviva Inc.(a)(b) |
982,872 | 19,018,573 | ||||||
Intra-Cellular Therapies Inc.(a)(b) |
1,819,487 | 111,334,410 | ||||||
Kala Pharmaceuticals Inc.(a)(b) |
1,099,057 | 1,516,699 | ||||||
Kaleido Biosciences Inc.(a)(b) |
440,325 | 726,536 | ||||||
KemPharm Inc.(a)(b) |
649,922 | 3,269,108 | ||||||
Landos Biopharma Inc.(a) |
103,129 | 152,115 | ||||||
Marinus Pharmaceuticals Inc.(a)(b) |
839,550 | 7,849,793 | ||||||
Mind Medicine MindMed Inc.(a)(b) |
7,866,363 | 8,731,663 | ||||||
NGM Biopharmaceuticals Inc.(a)(b) |
721,248 | 10,999,032 | ||||||
Nuvation Bio Inc.(a)(b) |
3,642,244 | 19,158,203 | ||||||
Ocular Therapeutix Inc.(a)(b) |
1,749,461 | 8,659,832 | ||||||
Omeros Corp.(a)(b) |
1,355,599 | 8,147,150 | ||||||
Oramed Pharmaceuticals Inc.(a)(b) |
837,044 | 7,240,431 | ||||||
Pacira BioSciences Inc.(a) |
1,003,629 | 76,596,965 | ||||||
Paratek Pharmaceuticals Inc.(a)(b) |
1,057,483 | 3,140,725 | ||||||
Phathom Pharmaceuticals Inc.(a)(b) |
460,922 | 6,273,148 | ||||||
Phibro Animal Health Corp., Class A |
466,685 | 9,310,366 | ||||||
Pliant Therapeutics Inc.(a)(b) |
537,798 | 3,769,964 | ||||||
Prestige Consumer Healthcare Inc.(a) |
1,137,024 | 60,194,051 |
S C H E D U L E O F I N V E S T M E N T S |
81 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Pharmaceuticals (continued) |
| |||||||
Provention Bio Inc.(a)(b) |
1,266,180 | $ | 9,268,438 | |||||
Rain Therapeutics Inc.(a)(b) |
301,335 | 1,527,768 | ||||||
Reata Pharmaceuticals Inc., Class A(a)(b) |
630,761 | 20,663,730 | ||||||
Relmada Therapeutics Inc.(a)(b) |
553,611 | 14,941,961 | ||||||
Revance Therapeutics Inc.(a)(b) |
1,585,366 | 30,914,637 | ||||||
Seelos Therapeutics Inc.(a)(b) |
2,212,473 | 1,853,610 | ||||||
SIGA Technologies Inc.(a)(b) |
1,125,478 | 7,979,639 | ||||||
Supernus Pharmaceuticals Inc.(a)(b) |
1,114,345 | 36,015,630 | ||||||
Tarsus Pharmaceuticals Inc.(a)(b) |
191,613 | 3,222,931 | ||||||
Terns Pharmaceuticals Inc.(a)(b) |
309,156 | 918,193 | ||||||
TherapeuticsMD Inc.(a)(b) |
8,685,219 | 3,300,383 | ||||||
Theravance Biopharma Inc.(a)(b) |
1,350,264 | 12,908,524 | ||||||
Theseus Pharmaceuticals Inc.(a)(b) |
232,113 | 2,676,263 | ||||||
Ventyx Biosciences Inc.(a)(b) |
215,815 | 2,928,610 | ||||||
Verrica Pharmaceuticals Inc.(a)(b) |
283,968 | 2,302,980 | ||||||
WaVe Life Sciences Ltd.(a) |
855,916 | 1,711,832 | ||||||
|
|
|||||||
954,956,080 | ||||||||
Professional Services — 1.8% | ||||||||
Acacia Research Corp.(a)(b) |
1,114,405 | 5,025,966 | ||||||
ASGN Inc.(a) |
1,151,440 | 134,384,562 | ||||||
Atlas Technical Consultants Inc.(a)(b) |
308,104 | 3,709,572 | ||||||
Barrett Business Services Inc. |
172,514 | 13,364,659 | ||||||
CBIZ Inc.(a)(b) |
1,100,719 | 46,197,176 | ||||||
CRA International Inc. |
164,103 | 13,827,319 | ||||||
Exponent Inc. |
1,174,582 | 126,913,585 | ||||||
First Advantage Corp.(a)(b) |
1,255,220 | 25,342,892 | ||||||
Forrester Research Inc.(a)(b) |
248,940 | 14,045,195 | ||||||
Franklin Covey Co.(a) |
283,410 | 12,815,800 | ||||||
Heidrick & Struggles International Inc. |
439,359 | 17,389,829 | ||||||
HireQuest Inc.(b) |
115,849 | 2,215,033 | ||||||
HireRight Holdings Corp.(a)(b) |
434,126 | 7,423,555 | ||||||
Huron Consulting Group Inc.(a) |
491,507 | 22,515,936 | ||||||
ICF International Inc. |
414,993 | 39,067,441 | ||||||
Insperity Inc. |
822,374 | 82,582,797 | ||||||
KBR Inc. |
3,202,285 | 175,261,058 | ||||||
Kelly Services Inc., Class A, NVS |
814,806 | 17,673,142 | ||||||
Kforce Inc. |
456,178 | 33,743,487 | ||||||
Korn Ferry |
1,236,640 | 80,307,402 | ||||||
ManTech International Corp./VA, Class A |
614,699 | 52,980,907 | ||||||
Mistras Group Inc.(a)(b) |
455,144 | 3,008,502 | ||||||
Resources Connection Inc. |
706,312 | 12,106,188 | ||||||
Sterling Check Corp.(a)(b) |
358,895 | 9,485,595 | ||||||
TriNet Group Inc.(a)(b) |
916,225 | 90,119,891 | ||||||
TrueBlue Inc.(a)(b) |
786,875 | 22,732,819 | ||||||
Upwork Inc.(a)(b) |
2,653,056 | 61,657,021 | ||||||
Willdan Group Inc.(a)(b) |
250,484 | 7,687,354 | ||||||
|
|
|||||||
1,133,584,683 | ||||||||
Real Estate Management & Development — 0.7% | ||||||||
Cushman & Wakefield PLC(a)(b) |
3,144,957 | 64,503,068 | ||||||
Douglas Elliman Inc., NVS |
1,627,712 | 11,882,298 | ||||||
eXp World Holdings Inc.(b) |
1,422,447 | 30,113,203 | ||||||
Fathom Holdings Inc.(a)(b) |
129,278 | 1,383,275 | ||||||
Forestar Group Inc.(a)(b) |
393,193 | 6,983,108 | ||||||
FRP Holdings Inc.(a)(b) |
156,092 | 9,022,118 | ||||||
Kennedy-Wilson Holdings Inc. |
2,705,725 | 65,992,633 | ||||||
Marcus & Millichap Inc. |
535,473 | 28,208,718 | ||||||
Newmark Group Inc., Class A(b) |
3,770,672 | 60,029,098 | ||||||
Rafael Holdings Inc., Class B(a)(b) |
223,414 | 560,769 | ||||||
RE/MAX Holdings Inc., Class A |
423,017 | 11,730,261 |
Security | Shares | Value | ||||||
Real Estate Management & Development (continued) |
| |||||||
Realogy Holdings Corp.(a)(b) |
2,617,399 | $ | 41,040,816 | |||||
Redfin Corp.(a)(b) |
2,321,802 | 41,885,308 | ||||||
RMR Group Inc. (The), Class A |
354,053 | 11,011,048 | ||||||
St Joe Co. (The)(b) |
750,556 | 44,462,937 | ||||||
Tejon Ranch Co.(a)(b) |
461,055 | 8,418,864 | ||||||
|
|
|||||||
437,227,522 | ||||||||
Road & Rail — 0.9% | ||||||||
ArcBest Corp. |
570,344 | 45,912,692 | ||||||
Avis Budget Group Inc.(a)(b) |
934,417 | 246,031,996 | ||||||
Covenant Logistics Group Inc., Class A |
268,177 | 5,773,851 | ||||||
Daseke Inc.(a)(b) |
906,591 | 9,129,371 | ||||||
Heartland Express Inc. |
1,022,564 | 14,387,475 | ||||||
HyreCar Inc.(a)(b) |
392,437 | 934,000 | ||||||
Marten Transport Ltd. |
1,354,302 | 24,052,404 | ||||||
PAM Transportation Services Inc.(a)(b) |
167,748 | 5,829,243 | ||||||
Saia Inc.(a)(b) |
600,186 | 146,337,351 | ||||||
U.S. Xpress Enterprises Inc., Class A(a)(b) |
632,418 | 2,453,782 | ||||||
Universal Logistics Holdings Inc.(b) |
173,279 | 3,491,572 | ||||||
Werner Enterprises Inc. |
1,366,216 | 56,014,856 | ||||||
Yellow Corp.(a)(b) |
1,148,934 | 8,054,027 | ||||||
|
|
|||||||
568,402,620 | ||||||||
Semiconductors & Semiconductor Equipment — 3.3% | ||||||||
Alpha & Omega Semiconductor Ltd.(a) |
482,831 | 26,386,714 | ||||||
Ambarella Inc.(a) |
796,747 | 83,594,695 | ||||||
Amkor Technology Inc. |
2,316,630 | 50,317,204 | ||||||
Atomera Inc.(a)(b) |
461,326 | 6,024,918 | ||||||
Axcelis Technologies Inc.(a) |
745,530 | 56,309,881 | ||||||
AXT Inc.(a)(b) |
890,537 | 6,251,570 | ||||||
CEVA Inc.(a) |
507,130 | 20,614,835 | ||||||
CMC Materials Inc. |
641,655 | 118,962,837 | ||||||
Cohu Inc.(a) |
1,085,710 | 32,137,016 | ||||||
Credo Technology Group Holdings(a)(b) |
455,350 | 6,934,981 | ||||||
Diodes Inc.(a)(b) |
996,362 | 86,673,530 | ||||||
FormFactor Inc.(a) |
1,758,032 | 73,890,085 | ||||||
Ichor Holdings Ltd.(a)(b) |
636,085 | 22,657,348 | ||||||
Impinj Inc.(a)(b) |
432,800 | 27,500,112 | ||||||
Kopin Corp.(a)(b) |
1,770,982 | 4,480,584 | ||||||
Kulicke & Soffa Industries Inc. |
1,379,884 | 77,301,102 | ||||||
Lattice Semiconductor Corp.(a) |
3,069,071 | 187,059,877 | ||||||
MACOM Technology Solutions Holdings Inc., Class H(a)(b) |
1,113,595 | 66,670,933 | ||||||
MaxLinear Inc.(a) |
1,606,610 | 93,745,693 | ||||||
Meta Materials Inc.(a)(b) |
4,613,086 | 7,703,854 | ||||||
NeoPhotonics Corp.(a)(b) |
1,166,077 | 17,736,031 | ||||||
NVE Corp. |
110,987 | 6,045,462 | ||||||
Onto Innovation Inc.(a)(b) |
1,101,972 | 95,750,347 | ||||||
PDF Solutions Inc.(a)(b) |
671,984 | 18,728,194 | ||||||
Photronics Inc.(a) |
1,346,766 | 22,854,619 | ||||||
Power Integrations Inc. |
1,332,508 | 123,496,841 | ||||||
Rambus Inc.(a) |
2,469,322 | 78,746,679 | ||||||
Semtech Corp.(a) |
1,462,106 | 101,382,430 | ||||||
Silicon Laboratories Inc.(a)(b) |
857,999 | 128,871,450 | ||||||
SiTime Corp.(a)(b) |
364,939 | 90,439,183 | ||||||
SkyWater Technology Inc.(a)(b) |
181,360 | 1,964,129 | ||||||
SMART Global Holdings Inc.(a)(b) |
1,085,664 | 28,042,701 | ||||||
SunPower Corp.(a)(b) |
1,813,563 | 38,955,333 | ||||||
Synaptics Inc.(a)(b) |
895,911 | 178,734,244 | ||||||
Ultra Clean Holdings Inc.(a)(b) |
1,004,797 | 42,593,345 |
82 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Semiconductors & Semiconductor Equipment (continued) |
| |||||||
Veeco Instruments Inc.(a)(b) |
1,130,839 | $ | 30,747,512 | |||||
|
|
|||||||
2,060,306,269 | ||||||||
Software — 5.5% | ||||||||
8x8 Inc.(a) |
2,548,983 | 32,091,696 | ||||||
A10 Networks Inc. |
1,350,854 | 18,844,413 | ||||||
ACI Worldwide Inc.(a)(b) |
2,704,510 | 85,165,020 | ||||||
Agilysys Inc.(a) |
474,769 | 18,933,788 | ||||||
Alarm.com Holdings Inc.(a) |
1,079,244 | 71,726,556 | ||||||
Alkami Technology Inc.(a)(b) |
640,086 | 9,159,631 | ||||||
Altair Engineering Inc., Class A(a)(b) |
1,058,964 | 68,197,282 | ||||||
American Software Inc./GA, Class A |
719,949 | 15,003,737 | ||||||
Appfolio Inc., Class A(a)(b) |
431,792 | 48,883,172 | ||||||
Appian Corp.(a)(b) |
892,179 | 54,262,327 | ||||||
Arteris Inc.(a)(b) |
101,055 | 1,313,715 | ||||||
Asana Inc., Class A(a)(b) |
1,656,629 | 66,215,461 | ||||||
Avaya Holdings Corp.(a)(b) |
1,873,194 | 23,733,368 | ||||||
AvidXchange Holdings Inc.(a)(b) |
606,341 | 4,881,045 | ||||||
Benefitfocus Inc.(a)(b) |
569,608 | 7,188,453 | ||||||
Blackbaud Inc.(a)(b) |
1,084,140 | 64,907,462 | ||||||
Blackline Inc.(a)(b) |
1,222,926 | 89,542,642 | ||||||
Bottomline Technologies DE Inc.(a) |
1,001,613 | 56,771,425 | ||||||
Box Inc., Class A(a)(b) |
3,100,220 | 90,092,393 | ||||||
BTRS Holdings Inc.(a)(b) |
2,055,531 | 15,375,372 | ||||||
Cerence Inc.(a)(b) |
878,805 | 31,724,860 | ||||||
ChannelAdvisor Corp.(a)(b) |
670,771 | 11,114,675 | ||||||
Cleanspark Inc.(a)(b) |
898,288 | 11,111,823 | ||||||
CommVault Systems Inc.(a)(b) |
1,012,837 | 67,201,735 | ||||||
Consensus Cloud Solutions Inc.(a)(b) |
360,613 | 21,683,660 | ||||||
CoreCard Corp.(a)(b) |
171,315 | 4,694,031 | ||||||
Couchbase Inc.(a)(b) |
517,857 | 9,021,069 | ||||||
CS Disco Inc.(a)(b) |
345,989 | 11,753,246 | ||||||
Digimarc Corp.(a)(b) |
291,569 | 7,688,674 | ||||||
Digital Turbine Inc.(a)(b) |
2,041,049 | 89,418,357 | ||||||
Domo Inc., Class B(a)(b) |
646,675 | 32,702,355 | ||||||
E2open Parent Holdings Inc.(a)(b) |
4,492,848 | 39,581,991 | ||||||
Ebix Inc.(b) |
607,750 | 20,146,912 | ||||||
eGain Corp.(a)(b) |
465,617 | 5,391,845 | ||||||
Enfusion Inc., Class A(a)(b) |
472,633 | 6,011,892 | ||||||
EngageSmart Inc.(a)(b) |
375,909 | 8,010,621 | ||||||
Envestnet Inc.(a)(b) |
1,178,862 | 87,754,487 | ||||||
EverCommerce Inc.(a)(b) |
630,490 | 8,322,468 | ||||||
GTY Technology Holdings Inc.(a)(b) |
733,739 | 2,369,977 | ||||||
Instructure Holdings Inc.(a)(b) |
271,592 | 5,448,135 | ||||||
Intapp Inc.(a)(b) |
298,899 | 7,176,565 | ||||||
InterDigital Inc. |
700,864 | 44,715,123 | ||||||
JFrog Ltd.(a)(b) |
1,201,418 | 32,378,215 | ||||||
Kaltura Inc.(a)(b) |
1,073,938 | 1,922,349 | ||||||
LivePerson Inc.(a)(b) |
1,479,091 | 36,119,402 | ||||||
Marathon Digital Holdings Inc.(a)(b) |
2,163,883 | 60,480,530 | ||||||
MeridianLink Inc.(a)(b) |
460,361 | 8,332,534 | ||||||
MicroStrategy Inc., Class A(a)(b) |
212,644 | 103,413,030 | ||||||
Mimecast Ltd.(a) |
1,401,620 | 111,512,887 | ||||||
Mitek Systems Inc.(a)(b) |
969,287 | 14,219,440 | ||||||
Model N Inc.(a)(b) |
828,179 | 22,278,015 | ||||||
Momentive Global Inc.(a) |
2,993,818 | 48,679,481 | ||||||
ON24 Inc.(a)(b) |
654,464 | 8,606,202 | ||||||
OneSpan Inc.(a)(b) |
802,524 | 11,588,447 | ||||||
PagerDuty Inc.(a)(b) |
1,876,815 | 64,168,305 | ||||||
Ping Identity Holding Corp.(a)(b) |
1,371,195 | 37,611,879 | ||||||
Progress Software Corp. |
997,688 | 46,981,128 |
Security | Shares | Value | ||||||
Software (continued) |
||||||||
PROS Holdings Inc.(a)(b) |
905,641 | $ | 30,166,902 | |||||
Q2 Holdings Inc.(a)(b) |
1,246,780 | 76,863,987 | ||||||
Qualys Inc.(a)(b) |
771,638 | 109,888,968 | ||||||
Rapid7 Inc.(a)(b) |
1,273,103 | 141,619,978 | ||||||
Rekor Systems Inc.(a)(b) |
738,054 | 3,365,526 | ||||||
Rimini Street Inc.(a)(b) |
1,004,707 | 5,827,301 | ||||||
Riot Blockchain Inc.(a)(b) |
2,429,657 | 51,435,839 | ||||||
SailPoint Technologies Holdings Inc.(a)(b) |
2,065,429 | 105,708,656 | ||||||
Sapiens International Corp. NV |
703,173 | 17,853,562 | ||||||
SecureWorks Corp., Class A(a) |
230,528 | 3,054,496 | ||||||
ShotSpotter Inc.(a)(b) |
198,296 | 5,496,765 | ||||||
Smith Micro Software Inc.(a)(b) |
1,023,396 | 3,858,203 | ||||||
Sprout Social Inc., Class A(a)(b) |
1,023,748 | 82,022,690 | ||||||
SPS Commerce Inc.(a)(b) |
817,500 | 107,256,000 | ||||||
Stronghold Digital Mining Inc.(a)(b) |
160,128 | 936,749 | ||||||
Sumo Logic Inc.(a)(b) |
2,012,860 | 23,490,076 | ||||||
Telos Corp.(a)(b) |
903,034 | 9,003,249 | ||||||
Tenable Holdings Inc.(a) |
2,089,313 | 120,741,398 | ||||||
Upland Software Inc.(a)(b) |
651,368 | 11,470,590 | ||||||
UserTesting Inc.(a) |
179,794 | 1,921,998 | ||||||
Varonis Systems Inc.(a)(b) |
2,432,891 | 115,659,638 | ||||||
Verint Systems Inc.(a)(b) |
1,457,634 | 75,359,678 | ||||||
Veritone Inc.(a)(b) |
649,315 | 11,869,478 | ||||||
Viant Technology Inc., Class A(a)(b) |
259,657 | 1,700,753 | ||||||
VirnetX Holding Corp.(a) |
1,502,252 | 2,448,671 | ||||||
Vonage Holdings Corp.(a) |
5,735,884 | 116,381,086 | ||||||
Workiva Inc.(a)(b) |
971,236 | 114,605,848 | ||||||
Xperi Holding Corp. |
2,379,505 | 41,213,027 | ||||||
Yext Inc.(a)(b) |
2,677,256 | 18,446,294 | ||||||
Zuora Inc., Class A(a)(b) |
2,575,224 | 38,576,855 | ||||||
|
|
|||||||
3,431,869,564 | ||||||||
Specialty Retail — 2.2% | ||||||||
Aaron’s Co. Inc. (The) |
712,103 | 14,299,028 | ||||||
Abercrombie & Fitch Co., Class A(a) |
1,264,990 | 40,467,030 | ||||||
Academy Sports & Outdoors Inc.(b) |
1,769,307 | 69,710,696 | ||||||
American Eagle Outfitters Inc. |
3,432,591 | 57,667,529 | ||||||
America’s Car-Mart Inc./TX(a)(b) |
134,460 | 10,832,098 | ||||||
Arko Corp. |
1,904,155 | 17,327,811 | ||||||
Asbury Automotive Group Inc.(a)(b) |
524,276 | 83,989,015 | ||||||
Barnes & Noble Education Inc.(a)(b) |
993,285 | 3,555,960 | ||||||
Bed Bath & Beyond Inc.(a)(b) |
2,193,591 | 49,421,605 | ||||||
Big 5 Sporting Goods Corp.(b) |
449,594 | 7,710,537 | ||||||
Boot Barn Holdings Inc.(a) |
657,627 | 62,336,463 | ||||||
Buckle Inc. (The) |
681,197 | 22,506,749 | ||||||
Caleres Inc. |
848,727 | 16,405,893 | ||||||
Camping World Holdings Inc., Class A(b) |
942,062 | 26,330,633 | ||||||
CarLotz Inc.(a)(b) |
1,614,059 | 2,211,261 | ||||||
Cato Corp. (The), Class A |
480,407 | 7,042,767 | ||||||
Chico’s FAS Inc.(a) |
2,796,339 | 13,422,427 | ||||||
Children’s Place Inc. (The)(a)(b) |
312,088 | 15,385,938 | ||||||
Citi Trends Inc.(a)(b) |
176,701 | 5,411,468 | ||||||
Conn’s Inc.(a)(b) |
414,881 | 6,393,316 | ||||||
Container Store Group Inc. (The)(a)(b) |
733,857 | 5,995,612 | ||||||
Designer Brands Inc. , Class A(a) |
1,385,004 | 18,711,404 | ||||||
Genesco Inc.(a)(b) |
326,707 | 20,781,832 | ||||||
Group 1 Automotive Inc. |
376,416 | 63,173,897 | ||||||
GrowGeneration Corp.(a)(b) |
1,274,727 | 11,740,236 | ||||||
Guess? Inc.(b) |
928,151 | 20,280,099 | ||||||
Haverty Furniture Companies Inc. |
359,990 | 9,870,926 | ||||||
Hibbett Inc. |
310,640 | 13,773,778 |
S C H E D U L E O F I N V E S T M E N T S |
83 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Specialty Retail (continued) |
||||||||
JOANN Inc.(b) |
273,500 | $ | 3,120,635 | |||||
Kirkland’s Inc.(a)(b) |
326,921 | 3,037,096 | ||||||
Lazydays Holdings Inc.(a)(b) |
167,465 | 3,379,444 | ||||||
LL Flooring Holdings Inc.(a)(b) |
651,704 | 9,136,890 | ||||||
MarineMax Inc.(a)(b) |
478,708 | 19,272,784 | ||||||
Monro Inc. |
752,682 | 33,373,920 | ||||||
Murphy USA Inc. |
525,555 | 105,089,978 | ||||||
National Vision Holdings Inc.(a)(b) |
1,877,949 | 81,822,238 | ||||||
ODP Corp. (The)(a)(b) |
1,041,516 | 47,732,678 | ||||||
OneWater Marine Inc., Class A |
236,590 | 8,150,526 | ||||||
Party City Holdco Inc.(a)(b) |
2,542,651 | 9,102,691 | ||||||
Rent-A-Center Inc./TX |
1,498,380 | 37,744,192 | ||||||
Sally Beauty Holdings Inc.(a)(b) |
2,482,670 | 38,804,132 | ||||||
Shift Technologies Inc.(a)(b) |
1,410,807 | 3,103,775 | ||||||
Shoe Carnival Inc. |
393,091 | 11,462,534 | ||||||
Signet Jewelers Ltd. |
1,189,981 | 86,511,619 | ||||||
Sleep Number Corp.(a)(b) |
506,134 | 25,666,055 | ||||||
Sonic Automotive Inc., Class A |
488,239 | 20,755,040 | ||||||
Sportsman’s Warehouse Holdings Inc.(a)(b) |
993,531 | 10,620,846 | ||||||
Tilly’s Inc., Class A |
507,029 | 4,745,791 | ||||||
Torrid Holdings Inc.(a)(b) |
387,531 | 2,348,438 | ||||||
TravelCenters of America Inc.(a)(b) |
286,181 | 12,294,336 | ||||||
Urban Outfitters Inc.(a)(b) |
1,544,259 | 38,776,343 | ||||||
Winmark Corp. |
77,015 | 16,943,300 | ||||||
Zumiez Inc.(a) |
442,689 | 16,915,147 | ||||||
|
|
|||||||
1,346,666,436 | ||||||||
Technology Hardware, Storage & Peripherals — 0.3% | ||||||||
3D Systems Corp.(a)(b) |
2,824,289 | 47,109,140 | ||||||
Avid Technology Inc.(a)(b) |
821,430 | 28,643,264 | ||||||
Corsair Gaming Inc.(a)(b) |
625,864 | 13,243,282 | ||||||
Diebold Nixdorf Inc.(a)(b) |
1,668,394 | 11,228,292 | ||||||
Eastman Kodak Co.(a)(b) |
1,026,427 | 6,723,097 | ||||||
Quantum Corp.(a)(b) |
1,359,228 | 3,085,448 | ||||||
Super Micro Computer Inc.(a)(b) |
1,018,817 | 38,786,363 | ||||||
Turtle Beach Corp.(a)(b) |
346,135 | 7,369,214 | ||||||
|
|
|||||||
156,188,100 | ||||||||
Textiles, Apparel & Luxury Goods — 0.6% | ||||||||
Crocs Inc.(a)(b) |
1,315,743 | 100,522,765 | ||||||
Fossil Group Inc.(a)(b) |
1,099,387 | 10,598,091 | ||||||
G-III Apparel Group Ltd.(a)(b) |
1,015,236 | 27,462,134 | ||||||
Kontoor Brands Inc. |
1,174,583 | 48,569,007 | ||||||
Movado Group Inc. |
347,859 | 13,583,894 | ||||||
Oxford Industries Inc. |
360,140 | 32,592,670 | ||||||
PLBY Group Inc.(a)(b) |
682,417 | 8,932,839 | ||||||
Rocky Brands Inc. |
151,396 | 6,296,560 | ||||||
Steven Madden Ltd. |
1,820,793 | 70,355,441 | ||||||
Superior Group of Companies Inc. |
262,739 | 4,689,891 | ||||||
Unifi Inc.(a) |
304,238 | 5,506,708 | ||||||
Vera Bradley Inc.(a)(b) |
620,535 | 4,759,503 | ||||||
Wolverine World Wide Inc. |
1,831,788 | 41,325,137 | ||||||
|
|
|||||||
375,194,640 | ||||||||
Thrifts & Mortgage Finance — 1.5% | ||||||||
Axos Financial Inc.(a)(b) |
1,266,263 | 58,741,941 | ||||||
Blue Foundry Bancorp(a)(b) |
680,488 | 9,220,612 | ||||||
Bridgewater Bancshares Inc.(a)(b) |
500,690 | 8,351,509 | ||||||
Capitol Federal Financial Inc. |
2,964,238 | 32,250,909 | ||||||
Columbia Financial Inc.(a)(b) |
907,685 | 19,524,304 | ||||||
Essent Group Ltd. |
2,482,552 | 102,305,968 | ||||||
Federal Agricultural Mortgage Corp., Class C, NVS |
211,119 | 22,902,189 |
Security | Shares | Value | ||||||
Thrifts & Mortgage Finance (continued) |
| |||||||
Finance of America Companies Inc., Class A(a)(b) |
532,579 | $ | 1,619,040 | |||||
Flagstar Bancorp. Inc. |
1,138,947 | 48,291,353 | ||||||
FS Bancorp. Inc. |
168,138 | 5,212,278 | ||||||
Hingham Institution For Savings (The) |
33,849 | 11,616,977 | ||||||
Home Bancorp. Inc. |
174,462 | 7,116,305 | ||||||
Home Point Capital Inc. |
175,387 | 545,454 | ||||||
Kearny Financial Corp./MD |
1,577,341 | 20,316,152 | ||||||
Luther Burbank Corp. |
362,974 | 4,823,925 | ||||||
Merchants Bancorp./IN |
366,615 | 10,037,919 | ||||||
Mr Cooper Group Inc.(a)(b) |
1,400,800 | 63,974,536 | ||||||
NMI Holdings Inc., Class A(a)(b) |
1,918,012 | 39,549,407 | ||||||
Northfield Bancorp. Inc. |
1,021,383 | 14,667,060 | ||||||
Ocwen Financial Corp.(a)(b) |
201,583 | 4,789,612 | ||||||
PCSB Financial Corp. |
304,038 | 5,810,166 | ||||||
PennyMac Financial Services Inc. |
695,501 | 37,000,653 | ||||||
Pioneer Bancorp. Inc./NY(a)(b) |
265,263 | 2,790,567 | ||||||
Provident Bancorp. Inc. |
356,302 | 5,779,218 | ||||||
Provident Financial Services Inc. |
1,658,436 | 38,807,402 | ||||||
Radian Group Inc. |
4,116,674 | 91,431,330 | ||||||
Southern Missouri Bancorp. Inc. |
177,821 | 8,882,159 | ||||||
TrustCo Bank Corp. NY |
411,892 | 13,151,712 | ||||||
Velocity Financial Inc.(a)(b) |
197,035 | 2,155,563 | ||||||
Walker & Dunlop Inc. |
669,264 | 86,616,147 | ||||||
Washington Federal Inc. |
1,503,865 | 49,356,849 | ||||||
Waterstone Financial Inc. |
506,975 | 9,804,897 | ||||||
WSFS Financial Corp. |
1,430,250 | 66,678,255 | ||||||
|
|
|||||||
904,122,368 | ||||||||
Tobacco — 0.1% | ||||||||
22nd Century Group Inc.(a)(b) |
3,603,731 | 8,360,656 | ||||||
Turning Point Brands Inc. |
326,685 | 11,110,557 | ||||||
Universal Corp./VA |
537,931 | 31,237,653 | ||||||
Vector Group Ltd. |
3,255,424 | 39,195,305 | ||||||
|
|
|||||||
89,904,171 | ||||||||
Trading Companies & Distributors — 1.7% | ||||||||
Alta Equipment Group Inc.(a) |
429,762 | 5,311,858 | ||||||
Applied Industrial Technologies Inc. |
868,219 | 89,131,363 | ||||||
Beacon Roofing Supply Inc.(a)(b) |
1,261,256 | 74,767,256 | ||||||
BlueLinx Holdings Inc.(a)(b) |
210,878 | 15,157,911 | ||||||
Boise Cascade Co. |
887,295 | 61,640,384 | ||||||
Custom Truck One Source Inc.(a)(b) |
1,278,171 | 10,723,855 | ||||||
DXP Enterprises Inc./TX(a)(b) |
407,617 | 11,042,344 | ||||||
EVI Industries Inc.(a)(b) |
129,993 | 2,416,570 | ||||||
GATX Corp. |
794,790 | 98,021,451 | ||||||
Global Industrial Co. |
285,572 | 9,203,986 | ||||||
GMS Inc.(a) |
968,725 | 48,213,443 | ||||||
H&E Equipment Services Inc. |
723,842 | 31,501,604 | ||||||
Herc Holdings Inc. |
566,317 | 94,625,907 | ||||||
Karat Packaging Inc.(a)(b) |
104,210 | 2,068,568 | ||||||
Lawson Products Inc./DE(a)(b) |
110,604 | 4,262,678 | ||||||
McGrath RentCorp |
543,680 | 46,201,926 | ||||||
MRC Global Inc.(a)(b) |
1,825,721 | 21,744,337 | ||||||
NOW Inc.(a) |
2,476,127 | 27,311,681 | ||||||
Rush Enterprises Inc., Class A |
941,514 | 47,932,478 | ||||||
Rush Enterprises Inc., Class B |
149,613 | 7,233,789 | ||||||
Textainer Group Holdings Ltd. |
1,058,465 | 40,295,763 | ||||||
Titan Machinery Inc.(a) |
435,643 | 12,311,271 | ||||||
Transcat Inc.(a)(b) |
163,228 | 13,244,320 | ||||||
Triton International Ltd. |
1,505,007 | 105,621,391 | ||||||
Veritiv Corp.(a)(b) |
323,808 | 43,257,511 |
84 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Trading Companies & Distributors (continued) |
| |||||||
WESCO International Inc.(a)(b) |
1,006,002 | $ | 130,921,100 | |||||
Willis Lease Finance Corp.(a)(b) |
68,408 | 2,202,053 | ||||||
|
|
|||||||
1,056,366,798 | ||||||||
Water Utilities — 0.4% | ||||||||
American States Water Co. |
837,365 | 74,542,232 | ||||||
Artesian Resources Corp., Class A, NVS |
186,946 | 9,076,228 | ||||||
Cadiz Inc.(a)(b) |
497,338 | 1,029,490 | ||||||
California Water Service Group |
1,191,406 | 70,626,548 | ||||||
Global Water Resources Inc. |
287,501 | 4,784,016 | ||||||
Middlesex Water Co. |
377,518 | 39,703,568 | ||||||
Pure Cycle Corp.(a)(b) |
437,504 | 5,258,798 | ||||||
SJW Group |
628,591 | 43,737,362 | ||||||
York Water Co. (The) |
296,078 | 13,314,628 | ||||||
|
|
|||||||
262,072,870 | ||||||||
Wireless Telecommunication Services — 0.2% | ||||||||
Gogo Inc.(a)(b) |
1,338,533 | 25,512,439 | ||||||
Shenandoah Telecommunications Co. |
1,067,634 | 25,174,810 | ||||||
Telephone and Data Systems Inc. |
2,294,136 | 43,313,288 | ||||||
U.S. Cellular Corp.(a) |
347,488 | 10,504,562 | ||||||
|
|
|||||||
104,505,099 | ||||||||
|
|
|||||||
Total
Common Stocks — 99.9% |
|
61,868,072,825 | ||||||
|
|
|||||||
Rights |
||||||||
Technology Hardware, Storage & Peripherals — 0.0% | ||||||||
Right
Quantum Corp., NVS |
1,373,178 | 11,605 | ||||||
|
|
|||||||
Total
Rights — 0.0% |
|
11,605 | ||||||
|
|
|||||||
Warrants |
||||||||
Oil, Gas & Consumable Fuels — 0.0% | ||||||||
Whiting
Petroleum Corp., |
92,645 | 1,899,222 |
Security | Shares | Value | ||||||
Oil, Gas & Consumable Fuels (continued) |
| |||||||
Whiting
Petroleum Corp., |
46,322 | $ | 690,661 | |||||
|
|
|||||||
2,589,883 | ||||||||
|
|
|||||||
Total
Warrants — 0.0% |
|
2,589,883 | ||||||
|
|
|||||||
Short-Term Investments |
||||||||
Money Market Funds — 9.7% | ||||||||
BlackRock
Cash Funds: Institutional, |
5,978,672,281 | 5,977,476,546 | ||||||
BlackRock
Cash Funds: Treasury, |
60,200,000 | 60,200,000 | ||||||
|
|
|||||||
6,037,676,546 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 9.7% |
|
6,037,676,546 | ||||||
|
|
|||||||
Total
Investments in Securities — 109.6% |
|
67,908,350,859 | ||||||
Other Assets, Less Liabilities — (9.6)% |
(5,955,076,193 | ) | ||||||
|
|
|||||||
Net Assets — 100.0% |
$ | 61,953,274,666 | ||||||
|
|
(a) |
Non-income producing security. |
(b) |
All or a portion of this security is on loan. |
(c) |
Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(d) |
Affiliate of the Fund. |
(e) |
Annualized 7-day yield as of period end. |
(f) |
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 year ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| ||||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value at 03/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 03/31/22 |
Shares Held at 03/31/22 |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||
|
BlackRock
Cash Funds: Institutional, |
$ | 5,965,909,856 | $ | 16,254,822 | (a) | $ | — | $ | (1,383,328 | ) | $ | (3,304,804 | ) | $ | 5,977,476,546 | 5,978,672,281 | $ | 36,913,936 | (b) | $ | — | ||||||||||||||||
BlackRock
Cash Funds: Treasury, |
85,040,000 | — | (24,840,000 | )(a) | — | — | 60,200,000 | 60,200,000 | 31,455 | — | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
$ | (1,383,328 | ) | $ | (3,304,804 | ) | $ | 6,037,676,546 | $ | 36,945,391 | $ | — | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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. |
S C H E D U L E O F I N V E S T M E N T S |
85 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 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 |
||||||||||||||||
Russell 2000 E-Mini Index |
883 | 06/17/22 | $ | 91,232 | $ | 3,118,385 | ||||||||||
|
|
Derivative Financial Instruments Categorized by Risk Exposure
As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:
|
||||
Equity Contracts |
||||
|
||||
Assets — Derivative Financial Instruments |
||||
Futures contracts |
||||
Unrealized appreciation on futures contracts(a) |
$ | 3,118,385 | ||
|
|
(a) |
Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss). |
For the period ended March 31, 2022, the effect of derivative financial instruments in the Statements of Operations was as follows:
|
||||
Equity Contracts |
||||
|
||||
Net Realized Gain (Loss) from: |
||||
Futures contracts |
$ | (6,016,216 | ) | |
|
|
|||
Net Change in Unrealized Appreciation (Depreciation) on: |
||||
Futures contracts |
$ | 4,933,206 | ||
|
|
Average Quarterly Balances of Outstanding Derivative Financial Instruments
|
||||
Futures contracts: |
||||
Average notional value of contracts — long |
$ | 125,109,910 | ||
|
For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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 | |||||||||||||
|
||||||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Common Stocks |
$ | 61,866,350,675 | $ | 871,031 | $ | 851,119 | $ | 61,868,072,825 | ||||||||
Rights |
— | 11,605 | — | 11,605 | ||||||||||||
Warrants |
2,589,883 | — | — | 2,589,883 | ||||||||||||
Money Market Funds |
6,037,676,546 | — | — | 6,037,676,546 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 67,906,617,104 | $ | 882,636 | $ | 851,119 | $ | 67,908,350,859 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Derivative financial instruments(a) |
||||||||||||||||
Assets |
||||||||||||||||
Futures Contracts |
$ | 3,118,385 | $ | — | $ | — | $ | 3,118,385 | ||||||||
|
|
|
|
|
|
|
|
(a) |
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
See notes to financial statements.
86 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments March 31, 2022 |
iShares® Russell 2000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
||||||||
Aerospace & Defense — 0.4% |
||||||||
Aerojet Rocketdyne Holdings Inc.(a) |
494,400 | $ | 19,454,640 | |||||
Aerovironment Inc.(a)(b) |
186,625 | 17,568,877 | ||||||
Byrna Technologies Inc.(a)(b) |
152,511 | 1,246,015 | ||||||
Cadre Holdings Inc. |
20,171 | 495,400 | ||||||
Kratos Defense & Security Solutions Inc.(a) |
229,966 | 4,709,704 | ||||||
|
|
|||||||
43,474,636 | ||||||||
Air Freight & Logistics — 0.2% | ||||||||
Forward Air Corp. |
223,029 | 21,807,776 | ||||||
|
|
|||||||
Airlines — 0.3% | ||||||||
Allegiant Travel Co.(a) |
127,550 | 20,712,844 | ||||||
Frontier Group Holdings Inc.(a)(b) |
293,044 | 3,320,189 | ||||||
Sun Country Airlines Holdings Inc.(a)(b) |
267,537 | 7,004,119 | ||||||
|
|
|||||||
31,037,152 | ||||||||
Auto Components — 1.6% | ||||||||
Adient PLC(a)(b) |
100,714 | 4,106,110 | ||||||
American Axle & Manufacturing Holdings Inc.(a)(b) |
466,548 | 3,620,412 | ||||||
Dana Inc. |
648,139 | 11,387,802 | ||||||
Dorman Products Inc.(a) |
218,179 | 20,733,550 | ||||||
Fox Factory Holding Corp.(a) |
350,923 | 34,372,908 | ||||||
Gentherm Inc.(a)(b) |
275,301 | 20,107,985 | ||||||
LCI Industries |
206,233 | 21,409,048 | ||||||
Modine Manufacturing Co.(a) |
46,328 | 417,415 | ||||||
Patrick Industries Inc. |
188,825 | 11,386,148 | ||||||
Stoneridge Inc.(a)(b) |
34,962 | 725,811 | ||||||
Tenneco Inc., Class A(a)(b) |
517,276 | 9,476,496 | ||||||
Visteon Corp.(a)(b) |
230,279 | 25,130,347 | ||||||
XL Fleet Corp.(a)(b) |
119,951 | 238,703 | ||||||
XPEL Inc.(a)(b) |
149,126 | 7,845,519 | ||||||
|
|
|||||||
170,958,254 | ||||||||
Automobiles — 0.3% | ||||||||
Arcimoto Inc.(a)(b) |
234,922 | 1,552,835 | ||||||
Canoo Inc.(a)(b) |
410,508 | 2,266,004 | ||||||
Fisker Inc.(a)(b) |
1,242,671 | 16,030,456 | ||||||
Lordstown Motors Corp., Class A(a)(b) |
127,503 | 434,785 | ||||||
Winnebago Industries Inc. |
268,398 | 14,501,544 | ||||||
Workhorse Group Inc.(a)(b) |
125,097 | 625,485 | ||||||
|
|
|||||||
35,411,109 | ||||||||
Banks — 1.9% | ||||||||
Cadence Bank |
176,382 | 5,160,937 | ||||||
Coastal Financial Corp./WA(a)(b) |
57,196 | 2,616,717 | ||||||
CrossFirst Bankshares Inc.(a) |
191,720 | 3,021,507 | ||||||
Customers Bancorp. Inc.(a)(b) |
19,655 | 1,024,812 | ||||||
Eastern Bankshares Inc. |
310,563 | 6,689,527 | ||||||
FB Financial Corp. |
25,973 | 1,153,721 | ||||||
First Financial Bankshares Inc. |
1,004,284 | 44,309,010 | ||||||
Five Star Bancorp |
39,116 | 1,106,983 | ||||||
Glacier Bancorp. Inc. |
111,044 | 5,583,292 | ||||||
Investors Bancorp. Inc. |
688,646 | 10,281,485 | ||||||
Lakeland Financial Corp. |
12,812 | 935,276 | ||||||
Live Oak Bancshares Inc.(b) |
264,767 | 13,473,993 | ||||||
Meta Financial Group Inc. |
68,327 | 3,752,519 | ||||||
Metrocity Bankshares Inc. |
39,136 | 918,913 | ||||||
Metropolitan Bank Holding Corp.(a) |
5,817 | 591,996 | ||||||
Origin Bancorp Inc. |
36,650 | 1,549,928 | ||||||
Pacific Premier Bancorp. Inc. |
92,050 | 3,253,967 | ||||||
RBB Bancorp |
12,847 | 301,776 | ||||||
ServisFirst Bancshares Inc. |
346,528 | 33,020,653 |
Security | Shares | Value | ||||||
Banks (continued) |
||||||||
Silvergate Capital Corp., Class A(a) |
232,026 | $ | 34,936,155 | |||||
Southern First Bancshares Inc.(a) |
21,064 | 1,070,894 | ||||||
Stock Yards Bancorp. Inc. |
38,797 | 2,052,361 | ||||||
Texas Capital Bancshares Inc.(a) |
160,434 | 9,194,473 | ||||||
Triumph Bancorp. Inc.(a)(b) |
184,233 | 17,321,587 | ||||||
Veritex Holdings Inc. |
54,954 | 2,097,594 | ||||||
West Bancorp. Inc. |
27,896 | 759,050 | ||||||
|
|
|||||||
206,179,126 | ||||||||
Beverages — 0.6% | ||||||||
Celsius Holdings Inc.(a)(b) |
446,978 | 24,664,246 | ||||||
Coca-Cola Consolidated Inc.(b) |
38,971 | 19,362,741 | ||||||
Duckhorn Portfolio Inc. (The)(a)(b) |
199,357 | 3,626,304 | ||||||
MGP Ingredients Inc. |
98,553 | 8,435,151 | ||||||
National Beverage Corp. |
194,490 | 8,460,315 | ||||||
Zevia PBC, Class A(a)(b) |
62,478 | 285,525 | ||||||
|
|
|||||||
64,834,282 | ||||||||
Biotechnology — 10.0% | ||||||||
4D Molecular Therapeutics Inc.(a) |
22,714 | 343,436 | ||||||
ACADIA Pharmaceuticals Inc.(a)(b) |
991,795 | 24,021,275 | ||||||
Acumen Pharmaceuticals Inc.(a)(b) |
127,275 | 497,645 | ||||||
Adagio Therapeutics Inc.(a)(b) |
276,115 | 1,259,084 | ||||||
Aerovate Therapeutics Inc.(a)(b) |
59,984 | 1,099,507 | ||||||
Affimed NV(a) |
960,615 | 4,197,888 | ||||||
Agenus Inc.(a)(b) |
1,815,969 | 4,467,284 | ||||||
Akebia Therapeutics Inc.(a)(b) |
618,919 | 444,322 | ||||||
Akero Therapeutics Inc.(a) |
157,353 | 2,232,839 | ||||||
Alaunos Therapeutics Inc.(a)(b) |
1,751,527 | 1,142,696 | ||||||
Albireo Pharma Inc.(a)(b) |
110,010 | 3,281,598 | ||||||
Aldeyra Therapeutics Inc.(a)(b) |
404,960 | 1,800,047 | ||||||
Alector Inc.(a)(b) |
482,929 | 6,881,738 | ||||||
Aligos Therapeutics Inc.(a) |
173,593 | 373,225 | ||||||
Alkermes PLC(a)(b) |
1,330,282 | 34,999,719 | ||||||
Allakos Inc.(a) |
294,483 | 1,678,553 | ||||||
Allogene Therapeutics Inc.(a)(b) |
227,823 | 2,075,468 | ||||||
Allovir Inc.(a) |
245,863 | 1,659,575 | ||||||
Alpine Immune Sciences Inc.(a)(b) |
97,791 | 877,185 | ||||||
ALX Oncology Holdings Inc.(a)(b) |
145,426 | 2,457,699 | ||||||
Amicus Therapeutics Inc.(a)(b) |
2,180,562 | 20,649,922 | ||||||
Anavex Life Sciences Corp.(a)(b) |
557,666 | 6,864,868 | ||||||
Apellis Pharmaceuticals Inc.(a)(b) |
648,658 | 32,958,313 | ||||||
Applied Molecular Transport Inc.(a)(b) |
206,962 | 1,556,354 | ||||||
Applied Therapeutics Inc.(a)(b) |
112,276 | 236,902 | ||||||
AquaBounty Technologies Inc.(a)(b) |
210,006 | 392,711 | ||||||
Arbutus Biopharma Corp.(a)(b) |
67,034 | 199,761 | ||||||
Arcellx Inc.(a)(b) |
40,010 | 560,940 | ||||||
Arcutis Biotherapeutics Inc.(a) |
23,304 | 448,835 | ||||||
Ardelyx Inc.(a)(b) |
650,074 | 695,579 | ||||||
Arrowhead Pharmaceuticals Inc.(a)(b) |
850,644 | 39,121,118 | ||||||
Atara Biotherapeutics Inc.(a)(b) |
58,423 | 542,750 | ||||||
Athenex Inc.(a)(b) |
427,965 | 354,997 | ||||||
Athersys Inc.(a)(b) |
1,455,107 | 881,067 | ||||||
Atossa Therapeutics Inc.(a)(b) |
151,574 | 189,468 | ||||||
Aura Biosciences Inc.(a) |
26,343 | 579,546 | ||||||
Avalo Therapeutics Inc.(a)(b) |
420,290 | 304,584 | ||||||
Avid Bioservices Inc.(a)(b) |
471,361 | 9,601,624 | ||||||
Avidity Biosciences Inc.(a)(b) |
52,546 | 970,525 | ||||||
Avita Medical Inc.(a)(b) |
200,971 | 1,704,234 | ||||||
Beam Therapeutics Inc.(a)(b) |
424,343 | 24,314,854 | ||||||
Beyondspring Inc.(a)(b) |
195,166 | 429,365 |
S C H E D U L E O F I N V E S T M E N T S |
87 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
BioAtla Inc.(a) |
128,274 | $ | 641,370 | |||||
BioCryst Pharmaceuticals Inc.(a)(b) |
151,231 | 2,459,016 | ||||||
Biohaven Pharmaceutical Holding Co. Ltd.(a)(b) |
309,755 | 36,727,650 | ||||||
Biomea Fusion Inc.(a)(b) |
180,057 | 803,054 | ||||||
Bioxcel Therapeutics Inc.(a)(b) |
141,409 | 2,956,862 | ||||||
Blueprint Medicines Corp.(a)(b) |
453,301 | 28,956,868 | ||||||
Bridgebio Pharma Inc.(a)(b) |
591,101 | 5,999,675 | ||||||
Brooklyn ImmunoTherapeutics Inc.(a)(b) |
213,202 | 437,064 | ||||||
C4 Therapeutics Inc.(a)(b) |
320,943 | 7,786,077 | ||||||
CareDx Inc.(a)(b) |
420,215 | 15,543,753 | ||||||
Caribou Biosciences Inc.(a)(b) |
239,194 | 2,195,801 | ||||||
Celcuity Inc.(a) |
78,064 | 729,898 | ||||||
Celldex Therapeutics Inc.(a)(b) |
300,193 | 10,224,574 | ||||||
CEL-SCI Corp.(a)(b) |
284,782 | 1,119,193 | ||||||
Century Therapeutics Inc.(a)(b) |
79,856 | 1,005,387 | ||||||
Cerevel Therapeutics Holdings Inc.(a)(b) |
336,441 | 11,778,799 | ||||||
ChemoCentryx Inc.(a)(b) |
30,446 | 763,281 | ||||||
Chimerix Inc.(a) |
440,560 | 2,017,765 | ||||||
Clene Inc.(a)(b) |
112,018 | 441,351 | ||||||
Clovis Oncology Inc.(a)(b) |
974,358 | 1,968,203 | ||||||
Codiak Biosciences Inc.(a) |
134,297 | 842,042 | ||||||
Cogent Biosciences Inc.(a) |
89,106 | 667,404 | ||||||
Coherus Biosciences Inc.(a) |
542,419 | 7,002,629 | ||||||
Contra GTX Inc., NVS(b)(c) |
6,020 | 6,171 | ||||||
Cortexyme Inc.(a)(b) |
167,492 | 1,036,776 | ||||||
Crinetics Pharmaceuticals Inc.(a) |
328,147 | 7,202,827 | ||||||
Cue Biopharma Inc.(a) |
259,239 | 1,265,086 | ||||||
Cullinan Oncology Inc.(a)(b) |
13,248 | 138,707 | ||||||
Curis Inc.(a)(b) |
634,953 | 1,511,188 | ||||||
Cyteir Therapeutics Inc.(a)(b) |
74,686 | 281,566 | ||||||
Cytokinetics Inc.(a)(b) |
609,633 | 22,440,591 | ||||||
CytomX Therapeutics Inc.(a) |
464,545 | 1,240,335 | ||||||
Day One Biopharmaceuticals Inc.(a)(b) |
112,594 | 1,116,933 | ||||||
Deciphera Pharmaceuticals Inc.(a)(b) |
282,479 | 2,618,580 | ||||||
Denali Therapeutics Inc.(a)(b) |
754,199 | 24,262,582 | ||||||
DermTech Inc.(a)(b) |
199,541 | 2,929,262 | ||||||
Design Therapeutics Inc.(a) |
128,545 | 2,076,002 | ||||||
Dynavax Technologies Corp.(a)(b) |
895,417 | 9,706,320 | ||||||
Eagle Pharmaceuticals Inc./DE(a) |
45,470 | 2,250,310 | ||||||
Editas Medicine Inc.(a)(b) |
568,009 | 10,803,531 | ||||||
Eliem Therapeutics Inc.(a) |
32,068 | 269,051 | ||||||
Enanta Pharmaceuticals Inc.(a) |
17,536 | 1,248,213 | ||||||
Entrada Therapeutics Inc.(a)(b) |
44,270 | 415,695 | ||||||
Epizyme Inc.(a)(b) |
1,136,212 | 1,306,644 | ||||||
Erasca Inc.(a)(b) |
308,366 | 2,651,948 | ||||||
Evelo Biosciences Inc.(a)(b) |
258,799 | 877,329 | ||||||
Exagen Inc.(a)(b) |
29,064 | 233,384 | ||||||
Fate Therapeutics Inc.(a)(b) |
672,995 | 26,092,016 | ||||||
FibroGen Inc.(a)(b) |
653,699 | 7,857,462 | ||||||
Finch Therapeutics Group Inc.(a)(b) |
25,067 | 126,087 | ||||||
Foghorn Therapeutics Inc.(a)(b) |
24,525 | 373,516 | ||||||
Forte Biosciences Inc.(a) |
93,068 | 135,879 | ||||||
Fortress Biotech Inc.(a)(b) |
621,432 | 845,148 | ||||||
G1 Therapeutics Inc.(a)(b) |
192,525 | 1,463,190 | ||||||
Gemini Therapeutics Inc.(a)(b) |
102,424 | 142,369 | ||||||
Generation Bio Co.(a)(b) |
348,724 | 2,559,634 | ||||||
Global Blood Therapeutics Inc.(a)(b) |
514,950 | 17,837,868 | ||||||
Graphite Bio Inc.(a) |
133,357 | 680,121 | ||||||
Greenwich Lifesciences Inc.(a)(b) |
33,962 | 666,334 | ||||||
GT Biopharma Inc.(a)(b) |
153,345 | 441,634 |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
Halozyme Therapeutics Inc.(a)(b) |
1,148,556 | $ | 45,804,413 | |||||
Harpoon Therapeutics Inc.(a)(b) |
157,428 | 782,417 | ||||||
Heron Therapeutics Inc.(a)(b) |
779,512 | 4,458,809 | ||||||
Hookipa Pharma Inc.(a)(b) |
97,776 | 222,929 | ||||||
Humanigen Inc.(a)(b) |
409,083 | 1,231,340 | ||||||
Icosavax Inc.(a) |
113,000 | 795,520 | ||||||
Ideaya Biosciences Inc.(a)(b) |
64,666 | 723,613 | ||||||
IGM Biosciences Inc.(a)(b) |
68,806 | 1,839,184 | ||||||
Imago Biosciences Inc.(a)(b) |
94,357 | 1,818,259 | ||||||
Immuneering Corp., Class A(a)(b) |
82,326 | 532,649 | ||||||
ImmunityBio Inc.(a)(b) |
63,068 | 353,812 | ||||||
ImmunoGen Inc.(a) |
960,000 | 4,569,600 | ||||||
Immunovant Inc.(a)(b) |
218,317 | 1,202,927 | ||||||
Impel Neuropharma Inc.(a)(b) |
30,406 | 193,686 | ||||||
Infinity Pharmaceuticals Inc.(a)(b) |
662,349 | 755,078 | ||||||
Inhibrx Inc.(a)(b) |
231,100 | 5,148,908 | ||||||
Insmed Inc.(a)(b) |
980,186 | 23,034,371 | ||||||
Instil Bio Inc.(a)(b) |
208,817 | 2,244,783 | ||||||
Intellia Therapeutics Inc.(a)(b) |
578,051 | 42,006,966 | ||||||
Intercept Pharmaceuticals Inc.(a)(b) |
207,411 | 3,374,577 | ||||||
Ironwood Pharmaceuticals Inc.(a)(b) |
1,216,993 | 15,309,772 | ||||||
IVERIC bio Inc.(a)(b) |
189,757 | 3,193,610 | ||||||
Janux Therapeutics Inc.(a)(b) |
81,840 | 1,173,586 | ||||||
KalVista Pharmaceuticals Inc.(a)(b) |
186,095 | 2,743,040 | ||||||
Karuna Therapeutics Inc.(a) |
184,202 | 23,354,972 | ||||||
Karyopharm Therapeutics Inc.(a)(b) |
602,031 | 4,436,968 | ||||||
Keros Therapeutics Inc.(a) |
129,370 | 7,035,141 | ||||||
Kiniksa Pharmaceuticals Ltd., Class A(a) |
112,656 | 1,119,801 | ||||||
Kinnate Biopharma Inc.(a) |
11,181 | 125,898 | ||||||
Kodiak Sciences Inc.(a) |
280,646 | 2,166,587 | ||||||
Kronos Bio Inc.(a)(b) |
39,184 | 283,300 | ||||||
Krystal Biotech Inc.(a) |
59,446 | 3,955,537 | ||||||
Kymera Therapeutics Inc.(a) |
284,934 | 12,058,407 | ||||||
Lexicon Pharmaceuticals Inc.(a)(b) |
229,719 | 480,113 | ||||||
Ligand Pharmaceuticals Inc.(a)(b) |
14,405 | 1,620,418 | ||||||
Lyell Immunopharma Inc.(a)(b) |
702,999 | 3,550,145 | ||||||
MacroGenics Inc.(a) |
452,704 | 3,988,322 | ||||||
Madrigal Pharmaceuticals Inc.(a)(b) |
98,051 | 9,620,764 | ||||||
Magenta Therapeutics Inc.(a) |
224,884 | 652,164 | ||||||
MannKind Corp.(a)(b) |
212,003 | 780,171 | ||||||
MEI Pharma Inc.(a)(b) |
1,082,305 | 652,089 | ||||||
MeiraGTx Holdings PLC(a) |
15,811 | 218,982 | ||||||
Mersana Therapeutics Inc.(a)(b) |
418,063 | 1,668,071 | ||||||
MiMedx Group Inc.(a)(b) |
637,515 | 3,002,696 | ||||||
Mirum Pharmaceuticals Inc.(a) |
12,310 | 271,066 | ||||||
Molecular Templates Inc.(a)(b) |
311,213 | 1,073,685 | ||||||
Monte Rosa Therapeutics Inc.(a)(b) |
135,974 | 1,906,356 | ||||||
Morphic Holding Inc.(a)(b) |
176,887 | 7,102,013 | ||||||
Neoleukin Therapeutics Inc.(a) |
69,345 | 130,369 | ||||||
NexImmune Inc.(a) |
101,724 | 428,258 | ||||||
Nurix Therapeutics Inc.(a) |
233,928 | 3,277,331 | ||||||
Nuvalent Inc., Class A(a)(b) |
84,218 | 1,169,788 | ||||||
Ocugen Inc.(a)(b) |
1,547,965 | 5,108,285 | ||||||
Olema Pharmaceuticals Inc.(a) |
100,574 | 428,445 | ||||||
Omega Therapeutics Inc.(a)(b) |
97,690 | 609,586 | ||||||
Oncocyte Corp.(a)(b) |
381,477 | 568,401 | ||||||
Organogenesis Holdings Inc., Class A(a)(b) |
569,193 | 4,337,251 | ||||||
ORIC Pharmaceuticals Inc.(a) |
34,002 | 181,571 | ||||||
Outlook Therapeutics Inc.(a)(b) |
925,199 | 1,646,854 | ||||||
Oyster Point Pharma Inc.(a)(b) |
9,420 | 109,649 |
88 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
PMV Pharmaceuticals Inc.(a)(b) |
217,701 | $ | 4,532,535 | |||||
Portage Biotech Inc.(a)(b) |
19,032 | 125,040 | ||||||
Praxis Precision Medicines Inc.(a)(b) |
23,332 | 238,220 | ||||||
Precigen Inc.(a) |
690,330 | 1,456,596 | ||||||
Precision BioSciences Inc.(a)(b) |
438,737 | 1,351,310 | ||||||
Prelude Therapeutics Inc.(a)(b) |
91,108 | 628,645 | ||||||
Prometheus Biosciences Inc.(a) |
32,106 | 1,212,323 | ||||||
Protagonist Therapeutics Inc.(a) |
371,530 | 8,797,830 | ||||||
Prothena Corp. PLC(a)(b) |
231,102 | 8,451,400 | ||||||
PTC Therapeutics Inc.(a)(b) |
575,985 | 21,490,000 | ||||||
Puma Biotechnology Inc.(a)(b) |
268,926 | 774,507 | ||||||
Pyxis Oncology Inc.(a) |
51,397 | 207,644 | ||||||
Radius Health Inc.(a) |
385,208 | 3,401,387 | ||||||
Rallybio Corp.(a)(b) |
79,008 | 551,476 | ||||||
RAPT Therapeutics Inc.(a)(b) |
175,104 | 3,850,537 | ||||||
Recursion Pharmaceuticals Inc., Class A(a)(b) |
642,338 | 4,599,140 | ||||||
REGENXBIO Inc.(a) |
171,544 | 5,693,545 | ||||||
Relay Therapeutics Inc.(a)(b) |
517,780 | 15,497,155 | ||||||
Reneo Pharmaceuticals Inc.(a)(b) |
35,620 | 104,723 | ||||||
Replimune Group Inc.(a)(b) |
176,013 | 2,988,701 | ||||||
REVOLUTION Medicines Inc.(a)(b) |
70,463 | 1,797,511 | ||||||
Rigel Pharmaceuticals Inc.(a)(b) |
1,424,039 | 4,257,877 | ||||||
Rocket Pharmaceuticals Inc.(a)(b) |
344,126 | 5,457,838 | ||||||
Rubius Therapeutics Inc.(a)(b) |
386,093 | 2,127,372 | ||||||
Sana Biotechnology Inc.(a)(b) |
678,373 | 5,603,361 | ||||||
Sangamo Therapeutics Inc.(a)(b) |
879,220 | 5,108,268 | ||||||
Scholar Rock Holding Corp.(a)(b) |
199,011 | 2,565,252 | ||||||
Selecta Biosciences Inc.(a) |
75,941 | 93,407 | ||||||
Sera Prognostics Inc., Class A(a) |
14,001 | 53,064 | ||||||
Seres Therapeutics Inc.(a)(b) |
585,780 | 4,170,754 | ||||||
Sesen Bio Inc.(a)(b) |
1,633,065 | 984,248 | ||||||
Shattuck Labs Inc.(a) |
183,596 | 782,119 | ||||||
Sorrento Therapeutics Inc.(a)(b) |
2,243,007 | 5,226,206 | ||||||
Spectrum Pharmaceuticals Inc.(a)(b) |
1,358,943 | 1,753,036 | ||||||
Spero Therapeutics Inc.(a)(b) |
190,875 | 1,660,613 | ||||||
SpringWorks Therapeutics Inc.(a)(b) |
242,501 | 13,686,756 | ||||||
Stoke Therapeutics Inc.(a) |
157,159 | 3,308,197 | ||||||
Summit Therapeutics Inc.(a)(b) |
213,885 | 524,018 | ||||||
Sutro Biopharma Inc.(a)(b) |
24,794 | 203,807 | ||||||
Syndax Pharmaceuticals Inc.(a)(b) |
98,556 | 1,712,903 | ||||||
Syros Pharmaceuticals Inc.(a)(b) |
234,502 | 279,057 | ||||||
Talaris Therapeutics Inc.(a)(b) |
118,780 | 1,168,795 | ||||||
Taysha Gene Therapies Inc.(a)(b) |
155,125 | 1,011,415 | ||||||
Tenaya Therapeutics Inc.(a)(b) |
141,311 | 1,664,644 | ||||||
TG Therapeutics Inc.(a)(b) |
1,073,634 | 10,210,259 | ||||||
Travere Therapeutics Inc.(a)(b) |
32,875 | 847,189 | ||||||
Trevena Inc.(a)(b) |
463,838 | 255,065 | ||||||
Turning Point Therapeutics Inc.(a)(b) |
43,195 | 1,159,786 | ||||||
Twist Bioscience Corp.(a)(b) |
459,418 | 22,686,061 | ||||||
Tyra Biosciences Inc.(a)(b) |
58,769 | 628,828 | ||||||
UroGen Pharma Ltd.(a)(b) |
121,125 | 1,054,999 | ||||||
Vaxart Inc.(a)(b) |
932,623 | 4,700,420 | ||||||
Vaxcyte Inc.(a) |
101,550 | 2,452,433 | ||||||
VBI Vaccines Inc.(a)(b) |
1,396,428 | 2,318,071 | ||||||
Vera Therapeutics Inc.(a) |
64,280 | 1,509,937 | ||||||
Verastem Inc.(a)(b) |
1,435,137 | 2,023,543 | ||||||
Vericel Corp.(a)(b) |
386,152 | 14,758,729 | ||||||
Verve Therapeutics Inc.(a)(b) |
173,507 | 3,959,430 | ||||||
Vigil Neuroscience Inc.(a)(b) |
25,356 | 178,253 | ||||||
Vincerx Pharma Inc.(a) |
117,438 | 469,752 |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
Vir Biotechnology Inc.(a)(b) |
498,145 | $ | 12,812,289 | |||||
Viracta Therapeutics Inc.(a)(b) |
66,193 | 315,079 | ||||||
VistaGen Therapeutics Inc.(a) |
1,347,768 | 1,671,232 | ||||||
Vor BioPharma Inc.(a)(b) |
17,535 | 105,911 | ||||||
Werewolf Therapeutics Inc.(a)(b) |
147,179 | 647,588 | ||||||
Xencor Inc.(a) |
465,835 | 12,428,478 | ||||||
Xilio Therapeutics Inc.(a)(b) |
35,861 | 253,537 | ||||||
XOMA Corp.(a) |
5,243 | 146,699 | ||||||
Y-mAbs Therapeutics Inc.(a) |
290,256 | 3,448,241 | ||||||
Zentalis Pharmaceuticals Inc.(a)(b) |
303,208 | 13,990,017 | ||||||
|
|
|||||||
1,078,345,466 | ||||||||
Building Products — 1.6% | ||||||||
AAON Inc. |
348,834 | 19,440,519 | ||||||
Cornerstone Building Brands Inc.(a) |
453,846 | 11,037,535 | ||||||
CSW Industrials Inc. |
124,185 | 14,602,914 | ||||||
Gibraltar Industries Inc.(a) |
79,694 | 3,422,857 | ||||||
Insteel Industries Inc. |
13,608 | 503,360 | ||||||
JELD-WEN Holding Inc.(a)(b) |
302,487 | 6,134,436 | ||||||
Masonite International Corp.(a)(b) |
197,693 | 17,582,815 | ||||||
PGT Innovations Inc.(a) |
227,009 | 4,081,622 | ||||||
Resideo Technologies Inc.(a)(b) |
140,521 | 3,348,616 | ||||||
Simpson Manufacturing Co. Inc. |
361,732 | 39,443,257 | ||||||
UFP Industries Inc. |
452,005 | 34,876,706 | ||||||
Zurn Water Solutions Corp. |
530,921 | 18,794,603 | ||||||
|
|
|||||||
173,269,240 | ||||||||
Capital Markets — 1.9% | ||||||||
Artisan Partners Asset Management Inc., Class A |
489,529 | 19,262,966 | ||||||
Blucora Inc.(a)(b) |
150,374 | 2,939,812 | ||||||
BrightSphere Investment Group Inc. |
271,074 | 6,573,545 | ||||||
Cohen & Steers Inc. |
206,245 | 17,714,383 | ||||||
Donnelley Financial Solutions Inc.(a) |
14,899 | 495,541 | ||||||
Focus Financial Partners Inc., Class A(a)(b) |
539,156 | 24,660,996 | ||||||
GAMCO Investors Inc., Class A |
41,138 | 909,561 | ||||||
GCM Grosvenor Inc., Class A |
335,961 | 3,262,181 | ||||||
Greenhill & Co. Inc. |
120,862 | 1,869,735 | ||||||
Hamilton Lane Inc., Class A |
289,721 | 22,392,536 | ||||||
Houlihan Lokey Inc. |
370,675 | 32,545,265 | ||||||
Moelis & Co., Class A |
280,457 | 13,167,456 | ||||||
Open Lending Corp., Class A(a)(b) |
864,186 | 16,341,757 | ||||||
PJT Partners Inc., Class A |
165,459 | 10,443,772 | ||||||
Pzena Investment Management Inc., Class A |
142,165 | 1,140,163 | ||||||
StepStone Group Inc., Class A |
378,800 | 12,523,128 | ||||||
StoneX Group Inc.(a) |
13,187 | 978,871 | ||||||
Value Line Inc. |
6,975 | 467,325 | ||||||
Virtus Investment Partners Inc. |
60,824 | 14,597,152 | ||||||
WisdomTree Investments Inc. |
834,067 | 4,895,973 | ||||||
|
|
|||||||
207,182,118 | ||||||||
Chemicals — 2.2% | ||||||||
American Vanguard Corp. |
59,597 | 1,211,011 | ||||||
Amyris Inc.(a)(b) |
164,180 | 715,825 | ||||||
Aspen Aerogels Inc.(a)(b) |
185,050 | 6,380,524 | ||||||
Avient Corp. |
80,752 | 3,876,096 | ||||||
Balchem Corp. |
267,390 | 36,552,213 | ||||||
Cabot Corp. |
465,466 | 31,842,529 | ||||||
Chase Corp. |
16,230 | 1,410,549 | ||||||
Danimer Scientific Inc.(a)(b) |
752,225 | 4,408,038 | ||||||
Ferro Corp.(a) |
560,885 | 12,193,640 | ||||||
Hawkins Inc. |
104,812 | 4,810,871 | ||||||
HB Fuller Co. |
78,987 | 5,218,671 |
S C H E D U L E O F I N V E S T M E N T S |
89 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Chemicals (continued) |
||||||||
Ingevity Corp.(a) |
329,514 | $ | 21,111,962 | |||||
Innospec Inc. |
63,212 | 5,850,271 | ||||||
Kronos Worldwide Inc. |
27,160 | 421,523 | ||||||
Livent Corp.(a)(b) |
1,346,999 | 35,116,264 | ||||||
Marrone Bio Innovations Inc.(a) |
843,278 | 910,740 | ||||||
Orion Engineered Carbons SA(b) |
501,819 | 8,014,049 | ||||||
PureCycle Technologies Inc.(a)(b) |
473,334 | 3,786,672 | ||||||
Quaker Chemical Corp. |
111,784 | 19,317,393 | ||||||
Sensient Technologies Corp. |
180,349 | 15,140,299 | ||||||
Stepan Co. |
16,602 | 1,640,444 | ||||||
Tredegar Corp. |
178,934 | 2,145,419 | ||||||
Trinseo PLC |
322,939 | 15,475,237 | ||||||
Zymergen Inc.(a)(b) |
130,509 | 377,171 | ||||||
|
|
|||||||
237,927,411 | ||||||||
Commercial Services & Supplies — 1.7% | ||||||||
Aris Water Solution Inc., A |
72,077 | 1,311,801 | ||||||
Brink’s Co. (The) |
398,954 | 27,128,872 | ||||||
Casella Waste Systems Inc., Class A(a)(b) |
376,829 | 33,029,062 | ||||||
Cimpress PLC(a)(b) |
145,975 | 9,282,550 | ||||||
Harsco Corp.(a) |
276,302 | 3,381,936 | ||||||
Healthcare Services Group Inc. |
332,364 | 6,172,000 | ||||||
Heritage-Crystal Clean Inc.(a) |
50,943 | 1,508,422 | ||||||
HNI Corp. |
37,595 | 1,392,895 | ||||||
Interface Inc. |
109,892 | 1,491,234 | ||||||
Montrose Environmental Group Inc.(a)(b) |
217,093 | 11,490,733 | ||||||
Pitney Bowes Inc. |
556,049 | 2,891,455 | ||||||
SP Plus Corp.(a) |
193,967 | 6,082,805 | ||||||
Tetra Tech Inc. |
447,517 | 73,813,454 | ||||||
U.S. Ecology Inc.(a) |
28,777 | 1,377,843 | ||||||
Viad Corp.(a) |
168,656 | 6,010,900 | ||||||
|
|
|||||||
186,365,962 | ||||||||
Communications Equipment — 0.8% | ||||||||
ADTRAN Inc. |
27,916 | 515,050 | ||||||
CalAmp Corp.(a)(b) |
293,593 | 2,146,165 | ||||||
Calix Inc.(a)(b) |
378,504 | 16,241,607 | ||||||
Cambium Networks Corp.(a) |
92,453 | 2,185,589 | ||||||
Casa Systems Inc.(a)(b) |
279,032 | 1,261,225 | ||||||
Clearfield Inc.(a)(b) |
94,648 | 6,172,942 | ||||||
DZS Inc.(a)(b) |
67,050 | 929,983 | ||||||
EMCORE Corp.(a)(b) |
29,884 | 110,571 | ||||||
Extreme Networks Inc.(a)(b) |
1,063,765 | 12,988,571 | ||||||
Harmonic Inc.(a)(b) |
139,045 | 1,291,728 | ||||||
Infinera Corp.(a)(b) |
1,521,708 | 13,193,208 | ||||||
Inseego Corp.(a)(b) |
148,039 | 599,558 | ||||||
Plantronics Inc.(a) |
146,254 | 5,762,408 | ||||||
Viavi Solutions Inc.(a)(b) |
1,700,695 | 27,347,175 | ||||||
|
|
|||||||
90,745,780 | ||||||||
Construction & Engineering — 1.5% | ||||||||
Ameresco Inc., Class A(a)(b) |
256,214 | 20,369,013 | ||||||
Comfort Systems USA Inc. |
295,655 | 26,316,252 | ||||||
Construction Partners Inc., Class A(a) |
330,173 | 8,643,929 | ||||||
Dycom Industries Inc.(a)(b) |
199,044 | 18,960,931 | ||||||
EMCOR Group Inc. |
44,009 | 4,956,734 | ||||||
IES Holdings Inc.(a)(b) |
72,687 | 2,922,017 | ||||||
Infrastructure and Energy Alternatives Inc.(a)(b) |
91,500 | 1,084,275 | ||||||
MYR Group Inc.(a) |
102,237 | 9,614,368 | ||||||
NV5 Global Inc.(a)(b) |
26,835 | 3,577,106 | ||||||
Sterling Construction Co. Inc.(a) |
46,859 | 1,255,821 |
Security | Shares | Value | ||||||
Construction & Engineering (continued) |
| |||||||
WillScot Mobile Mini Holdings Corp.(a)(b) |
1,730,495 | $ | 67,714,269 | |||||
|
|
|||||||
165,414,715 | ||||||||
Construction Materials — 0.0% | ||||||||
United States Lime & Minerals Inc. |
974 | 113,023 | ||||||
|
|
|||||||
Consumer Finance — 0.2% | ||||||||
Atlanticus Holdings Corp.(a)(b) |
40,810 | 2,113,550 | ||||||
Curo Group Holdings Corp. |
177,128 | 2,311,520 | ||||||
FirstCash Holdings Inc. |
24,040 | 1,690,974 | ||||||
Green Dot Corp., Class A(a) |
43,543 | 1,196,562 | ||||||
LendingTree Inc.(a)(b) |
96,463 | 11,543,727 | ||||||
PROG Holdings Inc.(a) |
74,232 | 2,135,655 | ||||||
Regional Management Corp. |
24,802 | 1,204,633 | ||||||
|
|
|||||||
22,196,621 | ||||||||
Containers & Packaging — 0.2% | ||||||||
Greif Inc., Class A, NVS |
32,550 | 2,117,703 | ||||||
Greif Inc., Class B |
7,063 | 450,337 | ||||||
Myers Industries Inc. |
138,051 | 2,981,902 | ||||||
O-I Glass Inc.(a) |
1,292,003 | 17,028,599 | ||||||
Ranpak Holdings Corp.(a)(b) |
50,067 | 1,022,869 | ||||||
|
|
|||||||
23,601,410 | ||||||||
Distributors — 0.0% | ||||||||
Funko Inc., Class A(a) |
221,904 | 3,827,844 | ||||||
Greenlane Holdings Inc., Class A(a)(b) |
369,607 | 206,980 | ||||||
|
|
|||||||
4,034,824 | ||||||||
Diversified Consumer Services — 0.4% | ||||||||
2U Inc.(a)(b) |
512,976 | 6,812,321 | ||||||
Carriage Services Inc. |
24,141 | 1,287,440 | ||||||
European Wax Center Inc., Class A(a)(b) |
51,208 | 1,513,708 | ||||||
Houghton Mifflin Harcourt Co.(a) |
995,996 | 20,925,876 | ||||||
OneSpaWorld Holdings Ltd.(a)(b) |
220,200 | 2,246,040 | ||||||
PowerSchool Holdings Inc., Class A(a) |
66,645 | 1,100,309 | ||||||
Regis Corp.(a)(b) |
316,394 | 670,755 | ||||||
Stride Inc.(a)(b) |
17,953 | 652,233 | ||||||
Udemy Inc.(a)(b) |
21,239 | 264,638 | ||||||
Vivint Smart Home Inc.(a)(b) |
203,924 | 1,378,526 | ||||||
WW International Inc.(a)(b) |
134,166 | 1,372,518 | ||||||
|
|
|||||||
38,224,364 | ||||||||
Diversified Telecommunication Services — 0.7% | ||||||||
Anterix Inc.(a)(b) |
28,096 | 1,626,758 | ||||||
Bandwidth Inc., Class A(a)(b) |
190,191 | 6,160,287 | ||||||
Cogent Communications Holdings Inc. |
354,323 | 23,509,331 | ||||||
Globalstar Inc.(a)(b) |
4,404,596 | 6,474,756 | ||||||
IDT Corp., Class B(a) |
90,826 | 3,096,258 | ||||||
Iridium Communications Inc.(a) |
739,319 | 29,809,342 | ||||||
Ooma Inc.(a)(b) |
106,512 | 1,596,615 | ||||||
Telesat Corp.(a) |
60,847 | 1,003,976 | ||||||
|
|
|||||||
73,277,323 | ||||||||
Electric Utilities — 0.0% | ||||||||
Via Renewables Inc. |
92,560 | 762,694 | ||||||
|
|
|||||||
Electrical Equipment — 1.3% | ||||||||
Advent Technologies Holdings Inc.(a)(b) |
222,870 | 517,058 | ||||||
Allied Motion Technologies Inc. |
90,203 | 2,691,658 | ||||||
Array Technologies Inc.(a)(b) |
253,846 | 2,860,844 | ||||||
Atkore Inc.(a) |
372,800 | 36,698,432 | ||||||
Babcock & Wilcox Enterprises Inc.(a) |
138,267 | 1,128,259 | ||||||
Beam Global(a)(b) |
63,503 | 1,298,636 | ||||||
Blink Charging Co.(a)(b) |
302,447 | 8,002,748 |
90 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Electrical Equipment (continued) |
||||||||
Bloom Energy Corp., Class A(a)(b) |
1,179,487 | $ | 28,484,611 | |||||
EnerSys |
37,661 | 2,808,381 | ||||||
Eos Energy Enterprises Inc.(a)(b) |
387,002 | 1,617,668 | ||||||
FTC Solar Inc.(a)(b) |
349,440 | 1,722,739 | ||||||
FuelCell Energy Inc.(a)(b) |
2,363,241 | 13,612,268 | ||||||
GrafTech International Ltd.(b) |
1,470,407 | 14,145,315 | ||||||
Romeo Power Inc.(a)(b) |
638,280 | 951,037 | ||||||
Stem Inc.(a)(b) |
941,747 | 10,368,635 | ||||||
TPI Composites Inc.(a)(b) |
304,941 | 4,287,471 | ||||||
Vicor Corp.(a) |
175,698 | 12,395,494 | ||||||
|
|
|||||||
143,591,254 | ||||||||
Electronic Equipment, Instruments & Components — 3.0% | ||||||||
908 Devices Inc.(a)(b) |
172,542 | 3,280,023 | ||||||
Advanced Energy Industries Inc. |
312,606 | 26,909,125 | ||||||
Akoustis Technologies Inc.(a)(b) |
424,231 | 2,757,502 | ||||||
Arlo Technologies Inc.(a) |
703,259 | 6,230,875 | ||||||
Badger Meter Inc. |
241,924 | 24,122,242 | ||||||
CTS Corp.(b) |
59,932 | 2,117,997 | ||||||
Fabrinet(a)(b) |
263,684 | 27,721,099 | ||||||
FARO Technologies Inc.(a) |
75,209 | 3,904,851 | ||||||
Identiv Inc.(a)(b) |
168,898 | 2,731,081 | ||||||
II-VI Inc.(a)(b) |
816,560 | 59,192,434 | ||||||
Insight Enterprises Inc.(a)(b) |
101,988 | 10,945,352 | ||||||
Iteris Inc.(a)(b) |
351,096 | 1,046,266 | ||||||
Itron Inc.(a)(b) |
310,380 | 16,350,818 | ||||||
Kimball Electronics Inc.(a)(b) |
10,573 | 211,354 | ||||||
Luna Innovations Inc.(a)(b) |
256,432 | 1,977,091 | ||||||
MicroVision Inc.(a)(b) |
1,378,064 | 6,435,559 | ||||||
Napco Security Technologies Inc.(a)(b) |
238,923 | 4,902,700 | ||||||
nLight Inc.(a)(b) |
363,989 | 6,311,569 | ||||||
Novanta Inc.(a)(b) |
292,921 | 41,679,729 | ||||||
OSI Systems Inc.(a)(b) |
13,843 | 1,178,316 | ||||||
Ouster Inc.(a)(b) |
1,070,648 | 4,817,916 | ||||||
PAR Technology Corp.(a)(b) |
210,494 | 8,491,328 | ||||||
Plexus Corp.(a)(b) |
205,920 | 16,846,315 | ||||||
Rogers Corp.(a) |
136,651 | 37,128,077 | ||||||
Velodyne Lidar Inc.(a)(b) |
634,659 | 1,624,727 | ||||||
Vishay Intertechnology Inc. |
164,211 | 3,218,536 | ||||||
|
|
|||||||
322,132,882 | ||||||||
Energy Equipment & Services — 0.4% | ||||||||
Cactus Inc., Class A |
458,794 | 26,031,971 | ||||||
ChampionX Corp.(a) |
306,944 | 7,513,989 | ||||||
DMC Global Inc.(a) |
157,294 | 4,797,467 | ||||||
Expro Group Holdings NV(a)(b) |
54,823 | 974,753 | ||||||
Liberty Oilfield Services Inc., Class A(a)(b) |
262,851 | 3,895,452 | ||||||
NexTier Oilfield Solutions Inc.(a)(b) |
155,769 | 1,439,306 | ||||||
Solaris Oilfield Infrastructure Inc., Class A |
71,623 | 808,624 | ||||||
TETRA Technologies Inc.(a) |
786,044 | 3,230,641 | ||||||
|
|
|||||||
48,692,203 | ||||||||
Entertainment — 0.2% | ||||||||
Chicken Soup For The Soul Entertainment Inc.(a)(b) |
16,880 | 134,871 | ||||||
Cinemark Holdings Inc.(a)(b) |
743,316 | 12,844,500 | ||||||
CuriosityStream Inc.(a)(b) |
38,566 | 111,841 | ||||||
IMAX Corp.(a)(b) |
40,676 | 769,997 | ||||||
Liberty Media Corp.-Liberty Braves, Class A(a)(b) |
84,097 | 2,420,312 | ||||||
Liberty Media Corp.-Liberty Braves, Class C, NVS(a) |
305,858 | 8,536,497 | ||||||
LiveOne Inc(a)(b) |
485,576 | 396,230 | ||||||
|
|
|||||||
25,214,248 |
Security | Shares | Value | ||||||
Equity Real Estate Investment Trusts (REITs) — 2.4% |
| |||||||
Alexander’s Inc. |
18,066 | $ | 4,629,051 | |||||
CatchMark Timber Trust Inc., Class A |
296,590 | 2,432,038 | ||||||
Clipper Realty Inc. |
90,773 | 823,311 | ||||||
Community Healthcare Trust Inc. |
129,607 | 5,470,712 | ||||||
EastGroup Properties Inc. |
334,951 | 68,088,839 | ||||||
Gladstone Commercial Corp. |
88,531 | 1,949,453 | ||||||
Gladstone Land Corp. |
152,912 | 5,569,055 | ||||||
Indus Realty Trust Inc. |
36,659 | 2,679,406 | ||||||
Innovative Industrial Properties Inc. |
103,042 | 21,164,827 | ||||||
National Storage Affiliates Trust |
674,947 | 42,359,674 | ||||||
Necessity Retail REIT Inc. |
68,564 | 542,341 | ||||||
NexPoint Residential Trust Inc. |
35,311 | 3,188,936 | ||||||
Outfront Media Inc. |
241,289 | 6,859,846 | ||||||
Phillips Edison & Co. Inc.(b) |
117,377 | 4,036,595 | ||||||
PS Business Parks Inc. |
141,335 | 23,755,587 | ||||||
Ryman Hospitality Properties Inc.(a) |
409,959 | 38,031,896 | ||||||
Safehold Inc.(b) |
115,589 | 6,409,410 | ||||||
Saul Centers Inc. |
92,980 | 4,900,046 | ||||||
Tanger Factory Outlet Centers Inc. |
235,620 | 4,050,308 | ||||||
UMH Properties Inc. |
309,059 | 7,599,761 | ||||||
Universal Health Realty Income Trust |
100,749 | 5,880,719 | ||||||
|
|
|||||||
260,421,811 | ||||||||
Food & Staples Retailing — 1.3% | ||||||||
Andersons Inc. (The) |
107,194 | 5,387,570 | ||||||
BJ’s Wholesale Club Holdings Inc.(a) |
848,245 | 57,349,845 | ||||||
Chefs’ Warehouse Inc. (The)(a)(b) |
18,272 | 595,667 | ||||||
MedAvail Holdings Inc.(a)(b) |
98,664 | 95,813 | ||||||
Performance Food Group Co.(a)(b) |
1,146,401 | 58,363,275 | ||||||
PriceSmart Inc. |
14,803 | 1,167,513 | ||||||
Sprouts Farmers Market Inc.(a)(b) |
417,930 | 13,365,401 | ||||||
United Natural Foods Inc.(a)(b) |
29,338 | 1,213,126 | ||||||
|
|
|||||||
137,538,210 | ||||||||
Food Products — 0.9% | ||||||||
AppHarvest Inc.(a)(b) |
574,992 | 3,090,582 | ||||||
Calavo Growers Inc. |
144,374 | 5,262,432 | ||||||
J&J Snack Foods Corp. |
122,338 | 18,974,624 | ||||||
John B Sanfilippo & Son Inc. |
48,824 | 4,073,875 | ||||||
Laird Superfood Inc.(a)(b) |
37,891 | 136,786 | ||||||
Lancaster Colony Corp. |
138,297 | 20,626,997 | ||||||
Limoneira Co. |
40,397 | 593,028 | ||||||
Mission Produce Inc.(a) |
33,781 | 427,330 | ||||||
Sanderson Farms Inc. |
144,481 | 27,088,743 | ||||||
Simply Good Foods Co. (The)(a) |
43,628 | 1,655,683 | ||||||
Sovos Brands Inc.(a)(b) |
91,450 | 1,296,761 | ||||||
Tattooed Chef Inc.(a)(b) |
390,030 | 4,906,577 | ||||||
Utz Brands Inc. |
498,078 | 7,361,593 | ||||||
Vita Coco Co. Inc. (The)(a)(b) |
65,296 | 585,052 | ||||||
Vital Farms Inc.(a)(b) |
198,543 | 2,453,991 | ||||||
|
|
|||||||
98,534,054 | ||||||||
Health Care Equipment & Supplies — 5.9% | ||||||||
Accelerate Diagnostics Inc.(a)(b) |
277,647 | 399,812 | ||||||
Accuray Inc.(a)(b) |
748,543 | 2,477,677 | ||||||
Acutus Medical Inc.(a) |
156,670 | 217,771 | ||||||
Alphatec Holdings Inc.(a)(b) |
540,310 | 6,213,565 | ||||||
Apyx Medical Corp.(a) |
262,496 | 1,714,099 | ||||||
Artivion Inc.(a)(b) |
278,231 | 5,948,579 | ||||||
Asensus Surgical Inc.(a)(b) |
606,576 | 380,202 | ||||||
Aspira Women’s Health Inc.(a)(b) |
611,885 | 636,360 | ||||||
AtriCure Inc.(a) |
371,015 | 24,364,555 |
S C H E D U L E O F I N V E S T M E N T S |
91 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Health Care Equipment & Supplies (continued) |
| |||||||
Atrion Corp. |
11,571 | $ | 8,250,123 | |||||
Axogen Inc.(a)(b) |
318,555 | 2,529,327 | ||||||
Axonics Inc.(a)(b) |
379,979 | 23,786,685 | ||||||
BioLife Solutions Inc.(a)(b) |
86,264 | 1,960,781 | ||||||
Bioventus Inc., Class A(a)(b) |
168,821 | 2,380,376 | ||||||
Butterfly Network Inc.(a)(b) |
1,103,103 | 5,250,770 | ||||||
Cardiovascular Systems Inc.(a) |
332,135 | 7,506,251 | ||||||
Cerus Corp.(a)(b) |
1,397,038 | 7,669,739 | ||||||
ClearPoint Neuro Inc.(a)(b) |
158,235 | 1,647,226 | ||||||
CONMED Corp. |
240,684 | 35,753,608 | ||||||
CryoPort Inc.(a)(b) |
335,740 | 11,720,683 | ||||||
Cue Health Inc.(a)(b) |
70,474 | 454,557 | ||||||
Cutera Inc.(a) |
146,160 | 10,085,040 | ||||||
CVRx Inc.(a)(b) |
58,532 | 350,607 | ||||||
CytoSorbents Corp.(a)(b) |
347,055 | 1,107,105 | ||||||
Eargo Inc.(a)(b) |
250,252 | 1,323,833 | ||||||
Glaukos Corp.(a)(b) |
377,476 | 21,825,662 | ||||||
Haemonetics Corp.(a)(b) |
286,203 | 18,093,754 | ||||||
Heska Corp.(a)(b) |
81,184 | 11,226,124 | ||||||
Inari Medical Inc.(a)(b) |
285,354 | 25,864,487 | ||||||
Inogen Inc.(a) |
166,043 | 5,383,114 | ||||||
Intersect ENT Inc.(a) |
275,371 | 7,713,142 | ||||||
iRadimed Corp. |
51,898 | 2,327,106 | ||||||
iRhythm Technologies Inc.(a)(b) |
244,609 | 38,518,579 | ||||||
Lantheus Holdings Inc.(a) |
80,288 | 4,440,729 | ||||||
LeMaitre Vascular Inc. |
156,449 | 7,270,185 | ||||||
LivaNova PLC(a)(b) |
356,695 | 29,188,352 | ||||||
Meridian Bioscience Inc.(a)(b) |
40,225 | 1,044,241 | ||||||
Merit Medical Systems Inc.(a)(b) |
378,737 | 25,193,585 | ||||||
Neogen Corp.(a)(b) |
840,197 | 25,911,676 | ||||||
Neuronetics Inc.(a)(b) |
197,051 | 597,065 | ||||||
NeuroPace Inc.(a)(b) |
58,597 | 481,081 | ||||||
Nevro Corp.(a)(b) |
286,739 | 20,739,832 | ||||||
NuVasive Inc.(a)(b) |
429,816 | 24,370,567 | ||||||
Ortho Clinical Diagnostics Holdings PLC(a) |
1,000,297 | 18,665,542 | ||||||
OrthoPediatrics Corp.(a)(b) |
116,426 | 6,285,840 | ||||||
Outset Medical Inc.(a)(b) |
389,542 | 17,685,207 | ||||||
Paragon 28 Inc.(a)(b) |
61,532 | 1,030,046 | ||||||
PAVmed Inc.(a)(b) |
599,423 | 791,238 | ||||||
PROCEPT BioRobotics Corp.(a)(b) |
49,054 | 1,716,400 | ||||||
Pulmonx Corp.(a)(b) |
215,462 | 5,345,612 | ||||||
Pulse Biosciences Inc.(a)(b) |
117,084 | 569,028 | ||||||
Quotient Ltd.(a)(b) |
673,871 | 808,645 | ||||||
Retractable Technologies Inc.(a)(b) |
145,887 | 692,963 | ||||||
RxSight Inc.(a)(b) |
121,686 | 1,506,473 | ||||||
SeaSpine Holdings Corp.(a)(b) |
135,245 | 1,644,579 | ||||||
Senseonics Holdings Inc.(a)(b) |
3,563,412 | 7,019,922 | ||||||
Shockwave Medical Inc.(a)(b) |
279,732 | 58,005,228 | ||||||
SI-BONE Inc.(a) |
268,421 | 6,066,315 | ||||||
Sientra Inc.(a)(b) |
422,711 | 938,418 | ||||||
Sight Sciences Inc.(a)(b) |
153,257 | 1,771,651 | ||||||
Silk Road Medical Inc.(a)(b) |
284,795 | 11,759,186 | ||||||
STAAR Surgical Co.(a)(b) |
395,202 | 31,580,592 | ||||||
Stereotaxis Inc.(a) |
422,923 | 1,577,503 | ||||||
Surmodics Inc.(a) |
112,900 | 5,117,757 | ||||||
Tactile Systems Technology Inc.(a) |
159,871 | 3,222,999 | ||||||
TransMedics Group Inc.(a)(b) |
216,113 | 5,822,084 | ||||||
Treace Medical Concepts Inc.(a)(b) |
249,807 | 4,723,850 | ||||||
UFP Technologies Inc.(a) |
3,860 | 255,416 | ||||||
Utah Medical Products Inc. |
3,604 | 323,855 |
Security | Shares | Value | ||||||
Health Care Equipment & Supplies (continued) |
| |||||||
Vapotherm Inc.(a)(b) |
189,607 | $ | 2,635,537 | |||||
Varex Imaging Corp.(a) |
42,931 | 914,001 | ||||||
ViewRay Inc.(a) |
1,236,880 | 4,848,570 | ||||||
Zynex Inc. |
176,677 | 1,100,698 | ||||||
|
|
|||||||
638,743,767 | ||||||||
Health Care Providers & Services — 4.3% | ||||||||
1Life Healthcare Inc.(a)(b) |
956,077 | 10,593,333 | ||||||
Accolade Inc.(a)(b) |
423,107 | 7,429,759 | ||||||
Addus HomeCare Corp.(a) |
53,997 | 5,037,380 | ||||||
Agiliti Inc.(a)(b) |
196,055 | 4,136,761 | ||||||
AirSculpt Technologies Inc.(a) |
36,289 | 496,434 | ||||||
Alignment Healthcare Inc.(a)(b) |
658,918 | 7,399,649 | ||||||
AMN Healthcare Services Inc.(a)(b) |
390,834 | 40,775,711 | ||||||
Apollo Medical Holdings Inc.(a)(b) |
312,211 | 15,132,867 | ||||||
Aveanna Healthcare Holdings Inc.(a)(b) |
336,488 | 1,147,424 | ||||||
Biodesix Inc.(a)(b) |
103,361 | 174,680 | ||||||
Castle Biosciences Inc.(a) |
162,468 | 7,288,314 | ||||||
Community Health Systems Inc.(a) |
896,156 | 10,637,372 | ||||||
CorVel Corp.(a) |
71,944 | 12,118,247 | ||||||
Cross Country Healthcare Inc.(a)(b) |
37,023 | 802,288 | ||||||
Ensign Group Inc. (The) |
436,088 | 39,252,281 | ||||||
Fulgent Genetics Inc.(a)(b) |
21,503 | 1,342,002 | ||||||
Hanger Inc.(a) |
311,569 | 5,711,060 | ||||||
HealthEquity Inc.(a)(b) |
678,536 | 45,760,468 | ||||||
InfuSystem Holdings Inc.(a)(b) |
153,153 | 1,500,899 | ||||||
Innovage Holding Corp.(a)(b) |
154,260 | 990,349 | ||||||
Invitae Corp.(a)(b) |
433,388 | 3,454,102 | ||||||
Joint Corp. (The)(a) |
112,888 | 3,995,106 | ||||||
LHC Group Inc.(a) |
253,670 | 42,768,762 | ||||||
LifeStance Health Group Inc.(a)(b) |
370,395 | 3,744,693 | ||||||
MEDNAX Inc.(a)(b) |
334,775 | 7,860,517 | ||||||
ModivCare Inc.(a)(b) |
34,152 | 3,940,799 | ||||||
National Research Corp. |
117,117 | 4,643,689 | ||||||
Ontrak Inc.(a)(b) |
75,976 | 172,086 | ||||||
Owens & Minor Inc.(b) |
496,816 | 21,869,840 | ||||||
Patterson Companies Inc. |
185,348 | 5,999,715 | ||||||
Pennant Group Inc. (The)(a) |
213,760 | 3,982,349 | ||||||
PetIQ Inc.(a) |
226,830 | 5,534,652 | ||||||
Privia Health Group Inc.(a)(b) |
348,131 | 9,305,542 | ||||||
Progyny Inc.(a)(b) |
533,593 | 27,426,680 | ||||||
R1 RCM Inc.(a)(b) |
985,185 | 26,363,551 | ||||||
RadNet Inc.(a)(b) |
377,358 | 8,441,498 | ||||||
Select Medical Holdings Corp. |
919,745 | 22,064,683 | ||||||
Sharps Compliance Corp.(a)(b) |
145,411 | 857,925 | ||||||
SOC Telemed Inc.(a)(b) |
400,240 | 1,196,718 | ||||||
Surgery Partners Inc.(a)(b) |
284,473 | 15,660,239 | ||||||
Tenet Healthcare Corp.(a)(b) |
105,381 | 9,058,551 | ||||||
Tivity Health Inc.(a)(b) |
215,286 | 6,925,751 | ||||||
U.S. Physical Therapy Inc. |
106,053 | 10,546,971 | ||||||
Viemed Healthcare Inc.(a)(b) |
47,652 | 237,307 | ||||||
|
|
|||||||
463,779,004 | ||||||||
Health Care Technology — 1.5% | ||||||||
Convey Health Solutions Holdings Inc.(a)(b) |
79,142 | 517,589 | ||||||
Evolent Health Inc., Class A(a)(b) |
134,703 | 4,350,907 | ||||||
Forian Inc.(a)(b) |
140,245 | 976,105 | ||||||
Health Catalyst Inc.(a)(b) |
434,163 | 11,344,679 | ||||||
Icad Inc.(a)(b) |
185,486 | 827,268 | ||||||
Inspire Medical Systems Inc.(a) |
222,923 | 57,222,105 | ||||||
Multiplan Corp.(a)(b) |
426,926 | 1,998,014 |
92 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Health Care Technology (continued) |
||||||||
NantHealth Inc.(a)(b) |
123,514 | $ | 93,080 | |||||
Omnicell Inc.(a) |
362,702 | 46,966,282 | ||||||
OptimizeRx Corp.(a) |
141,681 | 5,342,791 | ||||||
Phreesia Inc.(a)(b) |
414,890 | 10,936,500 | ||||||
Schrodinger Inc.(a)(b) |
376,577 | 12,848,807 | ||||||
Simulations Plus Inc.(b) |
126,479 | 6,447,899 | ||||||
Tabula Rasa HealthCare Inc.(a) |
201,800 | 1,162,368 | ||||||
|
|
|||||||
161,034,394 | ||||||||
Hotels, Restaurants & Leisure — 4.4% | ||||||||
Accel Entertainment Inc.(a)(b) |
476,571 | 5,804,635 | ||||||
Bally’s Corp.(a)(b) |
271,236 | 8,337,795 | ||||||
BJ’s Restaurants Inc.(a)(b) |
173,301 | 4,904,418 | ||||||
Bloomin’ Brands Inc. |
735,015 | 16,126,229 | ||||||
Brinker International Inc.(a)(b) |
367,369 | 14,018,801 | ||||||
Century Casinos Inc.(a) |
229,257 | 2,739,621 | ||||||
Cheesecake Factory Inc. (The)(a) |
381,737 | 15,189,315 | ||||||
Chuy’s Holdings Inc.(a)(b) |
78,209 | 2,111,643 | ||||||
Cracker Barrel Old Country Store Inc. |
196,587 | 23,340,774 | ||||||
Dave & Buster’s Entertainment Inc.(a) |
168,852 | 8,290,633 | ||||||
Denny’s Corp.(a)(b) |
391,373 | 5,600,548 | ||||||
Dine Brands Global Inc. |
135,025 | 10,525,199 | ||||||
Drive Shack Inc.(a)(b) |
335,841 | 517,195 | ||||||
Esports Technologies Inc.(a)(b) |
105,958 | 714,157 | ||||||
Everi Holdings Inc.(a)(b) |
709,739 | 14,904,519 | ||||||
F45 Training Holdings Inc.(a)(b) |
144,671 | 1,547,980 | ||||||
First Watch Restaurant Group Inc.(a) |
63,734 | 831,729 | ||||||
Full House Resorts Inc.(a)(b) |
269,854 | 2,593,297 | ||||||
GAN Ltd.(a)(b) |
35,771 | 172,416 | ||||||
Golden Entertainment Inc.(a)(b) |
141,752 | 8,231,539 | ||||||
Golden Nugget Online Gaming Inc.(a)(b) |
337,860 | 2,402,185 | ||||||
Hilton Grand Vacations Inc.(a)(b) |
709,398 | 36,895,790 | ||||||
International Game Technology PLC |
834,881 | 20,604,863 | ||||||
Jack in the Box Inc. |
24,437 | 2,282,660 | ||||||
Krispy Kreme Inc.(b) |
493,359 | 7,326,381 | ||||||
Kura Sushi USA Inc., Class A(a)(b) |
36,602 | 2,018,600 | ||||||
Life Time Group Holdings Inc.(a)(b) |
183,238 | 2,664,281 | ||||||
Lindblad Expeditions Holdings Inc.(a)(b) |
257,126 | 3,877,460 | ||||||
Monarch Casino & Resort Inc.(a)(b) |
87,472 | 7,630,183 | ||||||
Nathan’s Famous Inc. |
18,280 | 990,228 | ||||||
NEOGAMES SA(a) |
85,919 | 1,325,730 | ||||||
Noodles & Co.(a)(b) |
342,334 | 2,043,734 | ||||||
ONE Group Hospitality Inc. (The)(a)(b) |
176,328 | 1,853,207 | ||||||
Papa John’s International Inc. |
275,038 | 28,956,001 | ||||||
PlayAGS Inc.(a)(b) |
231,232 | 1,542,317 | ||||||
Portillo’s Inc., Class A(a)(b) |
132,309 | 3,249,509 | ||||||
RCI Hospitality Holdings Inc. |
72,477 | 4,454,436 | ||||||
Red Robin Gourmet Burgers Inc.(a)(b) |
131,125 | 2,210,767 | ||||||
Red Rock Resorts Inc., Class A |
444,944 | 21,606,481 | ||||||
Rush Street Interactive Inc.(a)(b) |
436,604 | 3,174,111 | ||||||
Ruth’s Hospitality Group Inc. |
274,039 | 6,270,012 | ||||||
Scientific Games Corp./DE, Class A(a)(b) |
797,082 | 46,828,567 | ||||||
SeaWorld Entertainment Inc.(a) |
229,819 | 17,107,726 | ||||||
Shake Shack Inc., Class A(a)(b) |
309,314 | 21,002,421 | ||||||
Sweetgreen Inc.(a)(b) |
71,471 | 2,286,357 | ||||||
Target Hospitality Corp.(a)(b) |
143,331 | 859,986 | ||||||
Texas Roadhouse Inc. |
581,015 | 48,648,386 | ||||||
Wingstop Inc. |
247,956 | 29,097,637 | ||||||
Xponential Fitness Inc., Class A(a)(b) |
55,966 | 1,311,843 | ||||||
|
|
|||||||
477,024,302 |
Security | Shares | Value | ||||||
Household Durables — 1.9% |
||||||||
Aterian Inc.(a)(b) |
215,512 | $ | 523,694 | |||||
Cavco Industries Inc.(a) |
53,803 | 12,958,452 | ||||||
Century Communities Inc. |
160,564 | 8,601,413 | ||||||
GoPro Inc., Class A(a)(b) |
1,066,961 | 9,101,177 | ||||||
Green Brick Partners Inc.(a) |
73,496 | 1,452,281 | ||||||
Hamilton Beach Brands Holding Co., Class A |
27,227 | 316,650 | ||||||
Helen of Troy Ltd.(a)(b) |
199,786 | 39,126,090 | ||||||
Hooker Furnishings Corp. |
7,223 | 136,804 | ||||||
Installed Building Products Inc. |
196,894 | 16,635,574 | ||||||
iRobot Corp.(a)(b) |
201,814 | 12,795,008 | ||||||
KB Home |
119,561 | 3,871,385 | ||||||
LGI Homes Inc.(a)(b) |
178,677 | 17,453,169 | ||||||
Lovesac Co. (The)(a)(b) |
105,177 | 5,685,869 | ||||||
MDC Holdings Inc. |
131,514 | 4,976,490 | ||||||
Meritage Homes Corp.(a) |
18,043 | 1,429,547 | ||||||
Purple Innovation Inc., Class A(a)(b) |
483,052 | 2,825,854 | ||||||
Skyline Champion Corp.(a) |
436,286 | 23,943,376 | ||||||
Snap One Holdings Corp.(a)(b) |
69,948 | 1,031,733 | ||||||
Sonos Inc.(a)(b) |
1,065,939 | 30,080,799 | ||||||
Taylor Morrison Home Corp.(a)(b) |
119,273 | 3,246,611 | ||||||
Traeger Inc.(a)(b) |
81,843 | 608,912 | ||||||
Tri Pointe Homes Inc.(a)(b) |
70,417 | 1,413,973 | ||||||
Vuzix Corp.(a)(b) |
499,665 | 3,297,789 | ||||||
Weber Inc., Class A(b) |
60,107 | 590,852 | ||||||
|
|
|||||||
202,103,502 | ||||||||
Household Products — 0.4% | ||||||||
Central Garden & Pet Co.(a)(b) |
31,860 | 1,400,566 | ||||||
Central Garden & Pet Co., Class A, NVS(a) |
127,809 | 5,212,051 | ||||||
Energizer Holdings Inc. |
558,657 | 17,184,289 | ||||||
WD-40 Co. |
113,200 | 20,741,636 | ||||||
|
|
|||||||
44,538,542 | ||||||||
Independent Power and Renewable Electricity Producers — 0.1% | ||||||||
Clearway Energy Inc., Class A |
77,789 | 2,591,929 | ||||||
Clearway Energy Inc., Class C |
170,178 | 6,213,199 | ||||||
Sunnova Energy International Inc.(a)(b) |
107,901 | 2,488,197 | ||||||
|
|
|||||||
11,293,325 | ||||||||
Insurance — 1.3% | ||||||||
Bright Health Group Inc.(a)(b) |
1,481,475 | 2,859,247 | ||||||
BRP Group Inc., Class A(a) |
392,123 | 10,520,660 | ||||||
eHealth Inc.(a) |
60,753 | 753,945 | ||||||
Goosehead Insurance Inc., Class A |
24,079 | 1,891,887 | ||||||
Heritage Insurance Holdings Inc. |
15,519 | 110,805 | ||||||
Investors Title Co. |
1,585 | 322,088 | ||||||
James River Group Holdings Ltd. |
42,582 | 1,053,479 | ||||||
Kinsale Capital Group Inc. |
178,350 | 40,667,367 | ||||||
Palomar Holdings Inc.(a)(b) |
204,115 | 13,061,319 | ||||||
RLI Corp. |
307,640 | 34,034,213 | ||||||
Selectquote Inc.(a)(b) |
1,123,813 | 3,135,438 | ||||||
Trupanion Inc.(a)(b) |
316,624 | 28,217,531 | ||||||
|
|
|||||||
136,627,979 | ||||||||
Interactive Media & Services — 1.1% | ||||||||
Cargurus Inc.(a)(b) |
791,596 | 33,611,166 | ||||||
Cars.com Inc.(a)(b) |
78,422 | 1,131,630 | ||||||
Eventbrite Inc., Class A(a)(b) |
638,337 | 9,428,238 | ||||||
EverQuote Inc., Class A(a) |
166,012 | 2,686,074 | ||||||
fuboTV Inc.(a)(b) |
1,121,157 | 7,366,002 | ||||||
Liberty TripAdvisor Holdings Inc., Class A(a)(b) |
473,459 | 970,591 | ||||||
MediaAlpha Inc., Class A(a)(b) |
163,995 | 2,714,117 | ||||||
Outbrain Inc.(a)(b) |
86,860 | 932,008 |
S C H E D U L E O F I N V E S T M E N T S |
93 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Interactive Media & Services (continued) |
| |||||||
QuinStreet Inc.(a) |
413,562 | $ | 4,797,319 | |||||
Society Pass Inc.(a)(b) |
66,289 | 196,878 | ||||||
Yelp Inc.(a)(b) |
548,739 | 18,717,487 | ||||||
Ziff Davis Inc.(a)(b) |
360,253 | 34,865,285 | ||||||
|
|
|||||||
117,416,795 | ||||||||
Internet & Direct Marketing Retail — 0.8% | ||||||||
1-800-Flowers.com Inc., Class A(a)(b) |
224,901 | 2,869,737 | ||||||
1stdibs.com Inc.(a) |
124,723 | 996,537 | ||||||
aka Brands Holding Corp.(a)(b) |
49,835 | 220,271 | ||||||
CarParts.com Inc.(a)(b) |
399,970 | 2,679,799 | ||||||
Duluth Holdings Inc., Class B(a)(b) |
102,212 | 1,250,053 | ||||||
Groupon Inc.(a)(b) |
165,467 | 3,181,930 | ||||||
Liquidity Services Inc.(a)(b) |
192,752 | 3,299,914 | ||||||
Lulu’s Fashion Lounge Holdings Inc.(a) |
30,322 | 205,583 | ||||||
Overstock.com Inc.(a)(b) |
356,320 | 15,679,862 | ||||||
PetMed Express Inc. |
145,158 | 3,745,076 | ||||||
Porch Group Inc.(a)(b) |
635,133 | 4,410,999 | ||||||
Quotient Technology Inc.(a)(b) |
703,553 | 4,488,668 | ||||||
RealReal Inc. (The)(a)(b) |
663,830 | 4,819,406 | ||||||
Rent the Runway Inc.(a)(b) |
89,634 | 617,578 | ||||||
Revolve Group Inc.(a)(b) |
187,627 | 10,073,694 | ||||||
Shutterstock Inc. |
195,481 | 18,195,371 | ||||||
Stitch Fix Inc., Class A(a)(b) |
674,948 | 6,796,726 | ||||||
Xometry Inc., Class A(a)(b) |
158,668 | 5,831,049 | ||||||
|
|
|||||||
89,362,253 | ||||||||
IT Services — 2.6% | ||||||||
BigCommerce Holdings Inc., Series 1(a)(b) |
399,940 | 8,762,685 | ||||||
Brightcove Inc.(a)(b) |
337,224 | 2,630,347 | ||||||
Cantaloupe Inc.(a) |
488,019 | 3,303,889 | ||||||
Cass Information Systems Inc. |
19,406 | 716,275 | ||||||
CSG Systems International Inc. |
125,613 | 7,985,218 | ||||||
DigitalOcean Holdings Inc.(a)(b) |
397,721 | 23,008,160 | ||||||
EVERTEC Inc. |
500,927 | 20,502,942 | ||||||
Evo Payments Inc., Class A(a) |
393,509 | 9,086,123 | ||||||
ExlService Holdings Inc.(a)(b) |
272,080 | 38,980,902 | ||||||
Flywire Corp.(a)(b) |
393,359 | 12,028,918 | ||||||
GreenBox POS(a)(b) |
157,505 | 664,671 | ||||||
Grid Dynamics Holdings Inc.(a)(b) |
374,414 | 5,271,749 | ||||||
Hackett Group Inc. (The) |
190,313 | 4,388,618 | ||||||
I3 Verticals Inc., Class A(a)(b) |
179,293 | 4,995,103 | ||||||
IBEX Holdings Ltd.(a)(b) |
47,660 | 759,700 | ||||||
International Money Express Inc.(a) |
272,051 | 5,606,971 | ||||||
Maximus Inc. |
509,161 | 38,161,617 | ||||||
Paya Holdings Inc., Class A(a)(b) |
709,022 | 4,154,869 | ||||||
Perficient Inc.(a)(b) |
269,943 | 29,718,025 | ||||||
Priority Technology Holdings Inc.(a)(b) |
83,964 | 482,793 | ||||||
Rackspace Technology Inc.(a)(b) |
332,558 | 3,711,347 | ||||||
Remitly Global Inc.(a)(b) |
85,737 | 846,224 | ||||||
Repay Holdings Corp.(a)(b) |
313,297 | 4,627,397 | ||||||
TTEC Holdings Inc. |
154,884 | 12,781,028 | ||||||
Tucows Inc., Class A(a)(b) |
80,845 | 5,521,713 | ||||||
Unisys Corp.(a)(b) |
429,124 | 9,273,370 | ||||||
Verra Mobility Corp.(a)(b) |
1,257,152 | 20,466,435 | ||||||
|
|
|||||||
278,437,089 | ||||||||
Leisure Products — 0.5% | ||||||||
Acushnet Holdings Corp. |
84,038 | 3,383,370 | ||||||
AMMO Inc.(a)(b) |
735,152 | 3,528,730 | ||||||
Clarus Corp. |
224,881 | 5,122,789 | ||||||
Escalade Inc. |
29,922 | 394,970 |
Security | Shares | Value | ||||||
Leisure Products (continued) |
||||||||
Johnson Outdoors Inc., Class A |
27,350 | $ | 2,125,916 | |||||
Latham Group Inc.(a)(b) |
351,972 | 4,660,109 | ||||||
Malibu Boats Inc., Class A(a)(b) |
171,439 | 9,945,176 | ||||||
Marine Products Corp. |
70,057 | 809,158 | ||||||
MasterCraft Boat Holdings Inc.(a) |
152,310 | 3,748,349 | ||||||
Nautilus Inc.(a)(b) |
66,177 | 272,649 | ||||||
Smith & Wesson Brands Inc. |
396,865 | 6,004,568 | ||||||
Solo Brands Inc., Class A(a)(b) |
65,979 | 562,801 | ||||||
Sturm Ruger & Co. Inc. |
132,573 | 9,229,732 | ||||||
|
|
|||||||
49,788,317 | ||||||||
Life Sciences Tools & Services — 1.1% | ||||||||
Absci Corp.(a)(b) |
261,886 | 2,207,699 | ||||||
Aduro Biotech Inc., NVS(c) |
105,692 | 317,076 | ||||||
Akoya Biosciences Inc.(a) |
111,457 | 1,224,912 | ||||||
Alpha Teknova Inc.(a)(b) |
35,630 | 492,050 | ||||||
Berkeley Lights Inc.(a)(b) |
408,954 | 2,907,663 | ||||||
BioNano Genomics Inc.(a)(b) |
2,419,676 | 6,242,764 | ||||||
ChromaDex Corp.(a)(b) |
405,241 | 996,893 | ||||||
Codex DNA Inc.(a)(b) |
41,738 | 224,133 | ||||||
Codexis Inc.(a) |
498,774 | 10,284,720 | ||||||
Cytek Biosciences Inc.(a)(b) |
660,873 | 7,124,211 | ||||||
Fluidigm Corp.(a)(b) |
56,501 | 202,839 | ||||||
Harvard Bioscience Inc.(a)(b) |
281,672 | 1,749,183 | ||||||
Inotiv Inc.(a)(b) |
142,761 | 3,737,483 | ||||||
IsoPlexis Corp(a)(b) |
36,894 | 126,546 | ||||||
MaxCyte Inc.(a)(b) |
482,092 | 3,369,823 | ||||||
Medpace Holdings Inc.(a) |
240,142 | 39,284,830 | ||||||
NanoString Technologies Inc.(a)(b) |
345,813 | 12,017,002 | ||||||
NeoGenomics Inc.(a)(b) |
935,119 | 11,361,696 | ||||||
Pacific Biosciences of California Inc.(a)(b) |
738,114 | 6,716,837 | ||||||
Personalis Inc.(a)(b) |
23,056 | 188,829 | ||||||
Quanterix Corp.(a)(b) |
254,931 | 7,441,436 | ||||||
Rapid Micro Biosystems Inc., Cass A(a)(b) |
71,473 | 485,302 | ||||||
Seer Inc., Class A(a)(b) |
129,690 | 1,976,476 | ||||||
Singular Genomics Systems Inc.(a)(b) |
219,892 | 1,387,518 | ||||||
|
|
|||||||
122,067,921 | ||||||||
Machinery — 4.2% | ||||||||
AgEagle Aerial Systems Inc.(a)(b) |
358,422 | 426,522 | ||||||
Alamo Group Inc. |
72,994 | 10,495,807 | ||||||
Albany International Corp., Class A |
51,554 | 4,347,033 | ||||||
Blue Bird Corp.(a)(b) |
70,529 | 1,327,356 | ||||||
Chart Industries Inc.(a)(b) |
182,127 | 31,283,955 | ||||||
CIRCOR International Inc.(a) |
152,957 | 4,071,715 | ||||||
Commercial Vehicle Group Inc.(a)(b) |
99,822 | 843,496 | ||||||
Desktop Metal Inc., Class A(a) |
1,023,710 | 4,852,385 | ||||||
Douglas Dynamics Inc. |
187,644 | 6,490,606 | ||||||
Energy Recovery Inc.(a) |
345,375 | 6,955,853 | ||||||
Enerpac Tool Group Corp.(b) |
500,552 | 10,957,083 | ||||||
ESCO Technologies Inc. |
18,410 | 1,287,227 | ||||||
Evoqua Water Technologies Corp.(a)(b) |
961,053 | 45,150,270 | ||||||
Federal Signal Corp. |
500,459 | 16,890,491 | ||||||
Franklin Electric Co. Inc. |
385,793 | 32,036,251 | ||||||
Gorman-Rupp Co. (The) |
34,961 | 1,254,401 | ||||||
Helios Technologies Inc. |
269,263 | 21,608,356 | ||||||
Hillenbrand Inc. |
332,586 | 14,690,324 | ||||||
Hydrofarm Holdings Group Inc.(a)(b) |
329,701 | 4,994,970 | ||||||
Hyliion Holdings Corp.(a)(b) |
189,469 | 839,348 | ||||||
John Bean Technologies Corp.(b) |
260,866 | 30,904,795 | ||||||
Kadant Inc. |
95,683 | 18,580,682 |
94 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Machinery (continued) |
||||||||
Lindsay Corp. |
81,618 | $ | 12,814,842 | |||||
Luxfer Holdings PLC |
97,565 | 1,639,092 | ||||||
Meritor Inc.(a) |
478,421 | 17,017,435 | ||||||
Miller Industries Inc./TN |
4,692 | 132,127 | ||||||
Mueller Industries Inc. |
179,790 | 9,739,224 | ||||||
Mueller Water Products Inc., Class A |
94,755 | 1,224,235 | ||||||
Nikola Corp.(a)(b) |
1,894,249 | 20,287,407 | ||||||
Omega Flex Inc. |
25,851 | 3,357,269 | ||||||
Proto Labs Inc.(a)(b) |
37,480 | 1,982,692 | ||||||
RBC Bearings Inc.(a)(b) |
32,941 | 6,386,601 | ||||||
REV Group Inc. |
44,461 | 595,777 | ||||||
Shyft Group Inc. (The)(b) |
285,965 | 10,326,196 | ||||||
SPX Corp.(a) |
305,181 | 15,078,993 | ||||||
SPX FLOW Inc. |
29,110 | 2,509,864 | ||||||
Tennant Co. |
152,881 | 12,047,023 | ||||||
Terex Corp. |
567,448 | 20,235,196 | ||||||
Titan International Inc.(a) |
68,401 | 1,007,547 | ||||||
Wabash National Corp. |
36,366 | 539,671 | ||||||
Watts Water Technologies Inc., Class A |
128,003 | 17,867,939 | ||||||
Welbilt Inc.(a)(b) |
1,087,465 | 25,827,294 | ||||||
|
|
|||||||
450,905,350 | ||||||||
Media — 0.7% | ||||||||
AMC Networks Inc., Class A(a)(b) |
123,565 | 5,020,446 | ||||||
Cardlytics Inc.(a)(b) |
268,163 | 14,743,602 | ||||||
Clear Channel Outdoor Holdings Inc.(a) |
262,918 | 909,696 | ||||||
Digital Media Solutions Inc., Class A(a)(b) |
12,805 | 46,610 | ||||||
iHeartMedia Inc., Class A(a)(b) |
424,667 | 8,038,946 | ||||||
Integral Ad Science Holding Corp.(a) |
119,473 | 1,648,727 | ||||||
Magnite Inc.(a)(b) |
1,076,904 | 14,225,902 | ||||||
National CineMedia Inc. |
42,008 | 106,700 | ||||||
Sinclair Broadcast Group Inc., Class A |
61,429 | 1,721,241 | ||||||
Stagwell Inc.(a)(b) |
45,756 | 331,274 | ||||||
TechTarget Inc.(a)(b) |
216,907 | 17,630,201 | ||||||
Thryv Holdings Inc.(a)(b) |
54,306 | 1,527,085 | ||||||
WideOpenWest Inc.(a)(b) |
272,132 | 4,745,982 | ||||||
|
|
|||||||
70,696,412 | ||||||||
Metals & Mining — 1.1% | ||||||||
Allegheny Technologies Inc.(a)(b) |
642,687 | 17,249,719 | ||||||
Century Aluminum Co.(a)(b) |
23,771 | 625,415 | ||||||
Coeur Mining Inc.(a)(b) |
1,442,856 | 6,420,709 | ||||||
Compass Minerals International Inc. |
283,917 | 17,827,149 | ||||||
Gatos Silver Inc.(a)(b) |
331,488 | 1,432,028 | ||||||
Hecla Mining Co. |
1,299,187 | 8,535,659 | ||||||
Kaiser Aluminum Corp. |
16,875 | 1,588,950 | ||||||
Materion Corp. |
65,469 | 5,613,312 | ||||||
MP Materials Corp.(a)(b) |
630,736 | 36,166,402 | ||||||
NovaGold Resources Inc.(a)(b) |
1,965,040 | 15,189,759 | ||||||
Perpetua Resources Corp.(a) |
253,448 | 1,039,137 | ||||||
PolyMet Mining Corp.(a)(b) |
82,123 | 344,095 | ||||||
Ryerson Holding Corp. |
87,519 | 3,064,916 | ||||||
Schnitzer Steel Industries Inc., Class A |
17,969 | 933,310 | ||||||
Warrior Met Coal Inc. |
43,311 | 1,607,271 | ||||||
|
|
|||||||
117,637,831 | ||||||||
Mortgage Real Estate Investment — 0.0% | ||||||||
Hannon Armstrong Sustainable Infrastructure Capital Inc. |
36,911 | 1,750,689 | ||||||
PennyMac Mortgage Investment Trust |
160,718 | 2,714,527 | ||||||
|
|
|||||||
4,465,216 |
Security | Shares | Value | ||||||
Multiline Retail — 0.0% |
||||||||
Franchise Group Inc. |
32,938 | $ | 1,364,621 | |||||
|
|
|||||||
Oil, Gas & Consumable Fuels — 3.0% | ||||||||
Antero Resources Corp.(a) |
287,187 | 8,767,819 | ||||||
Arch Resources Inc.(b) |
24,617 | 3,381,884 | ||||||
Callon Petroleum Co.(a)(b) |
346,301 | 20,459,463 | ||||||
Centennial Resource Development Inc./DE, Class A(a) |
193,573 | 1,562,134 | ||||||
Chesapeake Energy Corp. |
51,482 | 4,478,934 | ||||||
Civitas Resources Inc. |
54,371 | 3,246,492 | ||||||
Crescent Energy Inc.(b) |
248,368 | 4,306,701 | ||||||
Denbury Inc.(a)(b) |
419,220 | 32,938,115 | ||||||
Dorian LPG Ltd. |
46,653 | 676,002 | ||||||
Earthstone Energy Inc., Class A(a)(b) |
42,872 | 541,473 | ||||||
Energy Fuels Inc./Canada(a)(b) |
1,105,503 | 10,115,353 | ||||||
Falcon Minerals Corp. |
277,734 | 1,871,927 | ||||||
Kinetik Holdings Inc. |
2,907 | 188,984 | ||||||
Kosmos Energy Ltd.(a) |
3,721,321 | 26,756,298 | ||||||
Laredo Petroleum Inc.(a)(b) |
28,700 | 2,271,318 | ||||||
Magnolia Oil & Gas Corp., Class A |
1,198,256 | 28,338,754 | ||||||
Matador Resources Co.(b) |
917,374 | 48,602,475 | ||||||
Oasis Petroleum Inc. |
139,789 | 20,451,131 | ||||||
Ovintiv Inc. |
121,581 | 6,573,885 | ||||||
Par Pacific Holdings Inc.(a) |
323,644 | 4,213,845 | ||||||
Riley Exploration Permian Inc. |
9,487 | 237,934 | ||||||
Southwestern Energy Co.(a)(b) |
8,429,834 | 60,441,910 | ||||||
Talos Energy Inc.(a) |
47,763 | 754,178 | ||||||
Tellurian Inc.(a)(b) |
3,072,661 | 16,285,103 | ||||||
Uranium Energy Corp.(a)(b) |
2,186,317 | 10,035,195 | ||||||
Ur-Energy Inc.(a)(b) |
1,407,239 | 2,251,582 | ||||||
|
|
|||||||
319,748,889 | ||||||||
Personal Products — 0.8% | ||||||||
Beauty Health Co. (The)(a)(b) |
661,146 | 11,160,145 | ||||||
BellRing Brands Inc.(a)(b) |
618,067 | 14,264,986 | ||||||
elf Beauty Inc.(a) |
396,295 | 10,236,300 | ||||||
Honest Co. Inc. (The)(a)(b) |
501,621 | 2,613,445 | ||||||
Inter Parfums Inc. |
148,021 | 13,033,249 | ||||||
Medifast Inc. |
95,391 | 16,290,875 | ||||||
NewAge Inc.(a)(b) |
632,053 | 367,223 | ||||||
Nu Skin Enterprises Inc., Class A |
184,126 | 8,815,953 | ||||||
Revlon Inc., Class A(a)(b) |
20,608 | 166,307 | ||||||
Thorne HealthTech Inc.(a)(b) |
23,414 | 148,913 | ||||||
USANA Health Sciences Inc.(a) |
98,663 | 7,838,775 | ||||||
Veru Inc.(a)(b) |
380,859 | 1,839,549 | ||||||
|
|
|||||||
86,775,720 | ||||||||
Pharmaceuticals — 2.3% | ||||||||
9 Meters Biopharma Inc.(a)(b) |
1,886,528 | 1,130,596 | ||||||
Aclaris Therapeutics Inc.(a)(b) |
421,871 | 7,273,056 | ||||||
Aerie Pharmaceuticals Inc.(a)(b) |
352,994 | 3,212,245 | ||||||
Amneal Pharmaceuticals Inc.(a) |
828,207 | 3,453,623 | ||||||
Amphastar Pharmaceuticals Inc.(a)(b) |
92,265 | 3,312,314 | ||||||
Ampio Pharmaceuticals Inc.(a)(b) |
1,600,939 | 752,441 | ||||||
Amylyx Pharmaceuticals Inc.(a)(b) |
44,412 | 570,694 | ||||||
Angion Biomedica Corp.(a)(b) |
186,661 | 395,721 | ||||||
Antares Pharma Inc.(a) |
1,395,324 | 5,720,828 | ||||||
Arvinas Inc.(a) |
390,420 | 26,275,266 | ||||||
Atea Pharmaceuticals Inc.(a) |
48,260 | 348,437 | ||||||
Axsome Therapeutics Inc.(a)(b) |
230,772 | 9,551,653 | ||||||
Cassava Sciences Inc.(a)(b) |
317,784 | 11,802,498 | ||||||
CinCor Pharma Inc.(a)(b) |
52,767 | 925,533 |
S C H E D U L E O F I N V E S T M E N T S |
95 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Pharmaceuticals (continued) |
||||||||
Collegium Pharmaceutical Inc.(a) |
286,697 | $ | 5,837,151 | |||||
Corcept Therapeutics Inc.(a) |
725,375 | 16,335,445 | ||||||
CorMedix Inc.(a)(b) |
29,953 | 164,142 | ||||||
DICE Therapeutics Inc.(a)(b) |
67,335 | 1,288,119 | ||||||
Durect Corp.(a)(b) |
1,904,097 | 1,275,555 | ||||||
Edgewise Therapeutics Inc.(a) |
320,819 | 3,111,944 | ||||||
Esperion Therapeutics Inc.(a)(b) |
468,718 | 2,174,852 | ||||||
Evolus Inc.(a) |
271,469 | 3,045,882 | ||||||
Harmony Biosciences Holdings Inc.(a)(b) |
192,068 | 9,344,108 | ||||||
Ikena Oncology Inc.(a) |
17,225 | 105,073 | ||||||
Innoviva Inc.(a)(b) |
42,021 | 813,106 | ||||||
Intra-Cellular Therapies Inc.(a) |
665,847 | 40,743,178 | ||||||
Kala Pharmaceuticals Inc.(a)(b) |
271,837 | 375,135 | ||||||
Kaleido Biosciences Inc.(a)(b) |
154,229 | 254,478 | ||||||
KemPharm Inc.(a)(b) |
115,172 | 579,315 | ||||||
Landos Biopharma Inc.(a) |
43,044 | 63,490 | ||||||
Marinus Pharmaceuticals Inc.(a)(b) |
310,847 | 2,906,419 | ||||||
Mind Medicine MindMed Inc.(a)(b) |
2,694,380 | 2,990,762 | ||||||
NGM Biopharmaceuticals Inc.(a)(b) |
25,200 | 384,300 | ||||||
Nuvation Bio Inc.(a)(b) |
1,112,722 | 5,852,918 | ||||||
Ocular Therapeutix Inc.(a)(b) |
645,206 | 3,193,770 | ||||||
Omeros Corp.(a)(b) |
504,066 | 3,029,437 | ||||||
Oramed Pharmaceuticals Inc.(a) |
304,801 | 2,636,529 | ||||||
Pacira BioSciences Inc.(a) |
366,029 | 27,935,333 | ||||||
Paratek Pharmaceuticals Inc.(a)(b) |
402,177 | 1,194,466 | ||||||
Phathom Pharmaceuticals Inc.(a)(b) |
167,843 | 2,284,343 | ||||||
Phibro Animal Health Corp., Class A |
169,799 | 3,387,490 | ||||||
Pliant Therapeutics Inc.(a) |
183,597 | 1,287,015 | ||||||
Rain Therapeutics Inc.(a) |
88,672 | 449,567 | ||||||
Reata Pharmaceuticals Inc., Class A(a)(b) |
198,062 | 6,488,511 | ||||||
Relmada Therapeutics Inc.(a)(b) |
203,203 | 5,484,449 | ||||||
Revance Therapeutics Inc.(a)(b) |
582,976 | 11,368,032 | ||||||
Seelos Therapeutics Inc.(a)(b) |
798,818 | 669,250 | ||||||
SIGA Technologies Inc.(a)(b) |
400,559 | 2,839,963 | ||||||
Tarsus Pharmaceuticals Inc.(a)(b) |
56,828 | 955,847 | ||||||
Terns Pharmaceuticals Inc.(a)(b) |
70,347 | 208,931 | ||||||
TherapeuticsMD Inc.(a)(b) |
3,425,927 | 1,301,852 | ||||||
Theravance Biopharma Inc.(a)(b) |
455,986 | 4,359,226 | ||||||
Theseus Pharmaceuticals Inc.(a)(b) |
55,638 | 641,506 | ||||||
Ventyx Biosciences Inc.(a)(b) |
50,501 | 685,299 | ||||||
Verrica Pharmaceuticals Inc.(a)(b) |
106,138 | 860,779 | ||||||
WaVe Life Sciences Ltd.(a)(b) |
367,986 | 735,972 | ||||||
|
|
|||||||
254,367,844 | ||||||||
Professional Services — 2.6% | ||||||||
ASGN Inc.(a)(b) |
377,831 | 44,096,656 | ||||||
Atlas Technical Consultants Inc.(a)(b) |
19,699 | 237,176 | ||||||
CRA International Inc. |
50,194 | 4,229,346 | ||||||
Exponent Inc. |
431,342 | 46,606,503 | ||||||
First Advantage Corp.(a)(b) |
417,864 | 8,436,674 | ||||||
Forrester Research Inc.(a) |
95,024 | 5,361,254 | ||||||
Franklin Covey Co.(a)(b) |
104,022 | 4,703,875 | ||||||
Heidrick & Struggles International Inc. |
69,571 | 2,753,620 | ||||||
HireQuest Inc. |
37,804 | 722,812 | ||||||
HireRight Holdings Corp.(a)(b) |
82,525 | 1,411,178 | ||||||
Huron Consulting Group Inc.(a) |
19,528 | 894,578 | ||||||
Insperity Inc. |
301,594 | 30,286,069 | ||||||
KBR Inc. |
1,026,848 | 56,199,391 | ||||||
Kforce Inc. |
167,517 | 12,391,233 | ||||||
Sterling Check Corp.(a)(b) |
60,997 | 1,612,151 | ||||||
TriNet Group Inc.(a)(b) |
336,759 | 33,123,615 |
Security | Shares | Value | ||||||
Professional Services (continued) |
||||||||
Upwork Inc.(a)(b) |
977,840 | $ | 22,725,002 | |||||
Willdan Group Inc.(a)(b) |
73,211 | 2,246,846 | ||||||
|
|
|||||||
278,037,979 | ||||||||
Real Estate Management & Development — 0.9% | ||||||||
Cushman & Wakefield PLC(a)(b) |
1,151,254 | 23,612,219 | ||||||
Douglas Elliman Inc., NVS |
88,049 | 642,758 | ||||||
eXp World Holdings Inc.(b) |
520,256 | 11,013,819 | ||||||
Fathom Holdings Inc.(a)(b) |
51,131 | 547,102 | ||||||
Forestar Group Inc.(a)(b) |
36,650 | 650,904 | ||||||
Marcus & Millichap Inc. |
20,065 | 1,057,024 | ||||||
Newmark Group Inc., Class A(b) |
1,394,655 | 22,202,908 | ||||||
Rafael Holdings Inc., Class B(a)(b) |
78,511 | 197,063 | ||||||
Redfin Corp.(a)(b) |
854,201 | 15,409,786 | ||||||
RMR Group Inc. (The), Class A |
13,071 | 406,508 | ||||||
St Joe Co. (The) |
276,800 | 16,397,632 | ||||||
|
|
|||||||
92,137,723 | ||||||||
Road & Rail — 0.6% | ||||||||
Daseke Inc.(a)(b) |
336,712 | 3,390,690 | ||||||
HyreCar Inc.(a)(b) |
147,522 | 351,102 | ||||||
PAM Transportation Services Inc.(a)(b) |
10,926 | 379,679 | ||||||
Saia Inc.(a)(b) |
220,188 | 53,686,238 | ||||||
Universal Logistics Holdings Inc. |
50,430 | 1,016,165 | ||||||
Werner Enterprises Inc. |
60,412 | 2,476,892 | ||||||
Yellow Corp.(a)(b) |
23,723 | 166,298 | ||||||
|
|
|||||||
61,467,064 | ||||||||
Semiconductors & Semiconductor Equipment — 5.8% | ||||||||
Alpha & Omega Semiconductor Ltd.(a)(b) |
147,405 | 8,055,683 | ||||||
Ambarella Inc.(a) |
292,784 | 30,718,897 | ||||||
Amkor Technology Inc. |
177,319 | 3,851,369 | ||||||
Atomera Inc.(a)(b) |
163,719 | 2,138,170 | ||||||
Axcelis Technologies Inc.(a) |
273,047 | 20,623,240 | ||||||
CEVA Inc.(a) |
187,202 | 7,609,761 | ||||||
CMC Materials Inc. |
235,373 | 43,638,154 | ||||||
Cohu Inc.(a) |
345,548 | 10,228,221 | ||||||
Credo Technology Group Holdings(a)(b) |
126,459 | 1,925,971 | ||||||
Diodes Inc.(a)(b) |
279,675 | 24,328,928 | ||||||
FormFactor Inc.(a) |
564,296 | 23,717,361 | ||||||
Ichor Holdings Ltd.(a) |
153,795 | 5,478,178 | ||||||
Impinj Inc.(a)(b) |
157,002 | 9,975,907 | ||||||
Kopin Corp.(a)(b) |
653,197 | 1,652,588 | ||||||
Kulicke & Soffa Industries Inc. |
507,925 | 28,453,959 | ||||||
Lattice Semiconductor Corp.(a) |
1,125,020 | 68,569,969 | ||||||
MACOM Technology Solutions Holdings Inc., Class H(a)(b) |
409,379 | 24,509,521 | ||||||
MaxLinear Inc.(a) |
588,272 | 34,325,671 | ||||||
Meta Materials Inc.(a)(b) |
1,682,486 | 2,809,752 | ||||||
NVE Corp. |
37,994 | 2,069,533 | ||||||
Onto Innovation Inc.(a)(b) |
127,135 | 11,046,760 | ||||||
Power Integrations Inc. |
488,561 | 45,279,833 | ||||||
Semtech Corp.(a)(b) |
536,376 | 37,192,312 | ||||||
Silicon Laboratories Inc.(a)(b) |
314,344 | 47,214,469 | ||||||
SiTime Corp.(a) |
133,908 | 33,185,081 | ||||||
SkyWater Technology Inc.(a)(b) |
65,508 | 709,452 | ||||||
SMART Global Holdings Inc.(a)(b) |
408,465 | 10,550,651 | ||||||
SunPower Corp.(a)(b) |
528,177 | 11,345,242 | ||||||
Synaptics Inc.(a)(b) |
329,237 | 65,682,781 | ||||||
Ultra Clean Holdings Inc.(a) |
368,285 | 15,611,601 | ||||||
|
|
|||||||
632,499,015 |
96 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Software — 10.2% |
||||||||
8x8 Inc.(a) |
938,227 | $ | 11,812,278 | |||||
A10 Networks Inc. |
415,767 | 5,799,950 | ||||||
ACI Worldwide Inc.(a)(b) |
979,610 | 30,847,919 | ||||||
Agilysys Inc.(a)(b) |
157,486 | 6,280,542 | ||||||
Alarm.com Holdings Inc.(a) |
393,451 | 26,148,753 | ||||||
Alkami Technology Inc.(a)(b) |
220,579 | 3,156,485 | ||||||
Altair Engineering Inc., Class A(a)(b) |
385,789 | 24,844,812 | ||||||
American Software Inc./GA, Class A |
208,485 | 4,344,827 | ||||||
Appfolio Inc., Class A(a)(b) |
158,532 | 17,947,408 | ||||||
Appian Corp.(a)(b) |
326,416 | 19,852,621 | ||||||
Arteris Inc.(a)(b) |
25,685 | 333,905 | ||||||
Asana Inc., Class A(a)(b) |
556,903 | 22,259,413 | ||||||
Avaya Holdings Corp.(a)(b) |
694,464 | 8,798,859 | ||||||
AvidXchange Holdings Inc.(a)(b) |
176,810 | 1,423,320 | ||||||
Benefitfocus Inc.(a)(b) |
162,911 | 2,055,937 | ||||||
Blackbaud Inc.(a) |
398,207 | 23,840,653 | ||||||
Blackline Inc.(a)(b) |
450,899 | 33,014,825 | ||||||
Bottomline Technologies DE Inc.(a) |
64,861 | 3,676,321 | ||||||
Box Inc., Class A(a)(b) |
1,134,345 | 32,964,066 | ||||||
BTRS Holdings Inc.(a)(b) |
788,781 | 5,900,082 | ||||||
Cerence Inc.(a)(b) |
325,612 | 11,754,593 | ||||||
ChannelAdvisor Corp.(a) |
176,580 | 2,925,931 | ||||||
CommVault Systems Inc.(a) |
369,864 | 24,540,476 | ||||||
Consensus Cloud Solutions Inc.(a)(b) |
133,535 | 8,029,460 | ||||||
CoreCard Corp.(a)(b) |
61,486 | 1,684,716 | ||||||
Couchbase Inc.(a)(b) |
141,636 | 2,467,299 | ||||||
CS Disco Inc.(a)(b) |
56,132 | 1,906,804 | ||||||
Digimarc Corp.(a)(b) |
107,059 | 2,823,146 | ||||||
Digital Turbine Inc.(a)(b) |
752,767 | 32,978,722 | ||||||
Domo Inc., Class B(a) |
237,055 | 11,987,871 | ||||||
eGain Corp.(a)(b) |
83,938 | 972,002 | ||||||
Enfusion Inc., Class A(a)(b) |
137,364 | 1,747,270 | ||||||
EngageSmart Inc.(a)(b) |
101,273 | 2,158,128 | ||||||
Envestnet Inc.(a)(b) |
398,743 | 29,682,429 | ||||||
EverCommerce Inc.(a)(b) |
185,444 | 2,447,861 | ||||||
Instructure Holdings Inc.(a)(b) |
16,891 | 338,833 | ||||||
Intapp Inc.(a)(b) |
86,049 | 2,066,036 | ||||||
InterDigital Inc. |
104,761 | 6,683,752 | ||||||
JFrog Ltd.(a)(b) |
445,288 | 12,000,512 | ||||||
Kaltura Inc.(a)(b) |
214,466 | 383,894 | ||||||
LivePerson Inc.(a) |
545,718 | 13,326,434 | ||||||
Marathon Digital Holdings Inc.(a)(b) |
48,208 | 1,347,414 | ||||||
MeridianLink Inc.(a)(b) |
143,499 | 2,597,332 | ||||||
MicroStrategy Inc., Class A(a)(b) |
77,964 | 37,915,452 | ||||||
Mimecast Ltd.(a) |
513,772 | 40,875,700 | ||||||
Mitek Systems Inc.(a)(b) |
360,210 | 5,284,281 | ||||||
Model N Inc.(a) |
274,964 | 7,396,532 | ||||||
Momentive Global Inc.(a)(b) |
1,096,303 | 17,825,887 | ||||||
ON24 Inc.(a) |
152,732 | 2,008,426 | ||||||
OneSpan Inc.(a) |
305,065 | 4,405,139 | ||||||
PagerDuty Inc.(a)(b) |
688,025 | 23,523,575 | ||||||
Progress Software Corp. |
367,648 | 17,312,544 | ||||||
PROS Holdings Inc.(a)(b) |
332,010 | 11,059,253 | ||||||
Q2 Holdings Inc.(a)(b) |
454,775 | 28,036,879 | ||||||
Qualys Inc.(a) |
282,839 | 40,279,102 | ||||||
Rapid7 Inc.(a)(b) |
467,428 | 51,996,691 | ||||||
Rekor Systems Inc.(a)(b) |
190,015 | 866,468 | ||||||
Rimini Street Inc.(a)(b) |
367,176 | 2,129,621 | ||||||
Riot Blockchain Inc.(a)(b) |
890,093 | 18,843,269 | ||||||
SailPoint Technologies Holdings Inc.(a)(b) |
759,686 | 38,880,729 |
Security | Shares | Value | ||||||
Software (continued) |
||||||||
Sapiens International Corp. NV |
260,523 | $ | 6,614,679 | |||||
ShotSpotter Inc.(a)(b) |
70,157 | 1,944,752 | ||||||
Sprout Social Inc., Class A(a)(b) |
375,269 | 30,066,552 | ||||||
SPS Commerce Inc.(a) |
299,324 | 39,271,309 | ||||||
Stronghold Digital Mining Inc.(a)(b) |
45,389 | 265,526 | ||||||
Sumo Logic Inc.(a) |
740,834 | 8,645,533 | ||||||
Telos Corp.(a)(b) |
334,968 | 3,339,631 | ||||||
Tenable Holdings Inc.(a)(b) |
766,083 | 44,271,937 | ||||||
Upland Software Inc.(a) |
245,958 | 4,331,320 | ||||||
UserTesting Inc.(a)(b) |
53,499 | 571,904 | ||||||
Varonis Systems Inc.(a)(b) |
889,512 | 42,287,400 | ||||||
Veritone Inc.(a)(b) |
240,158 | 4,390,088 | ||||||
Viant Technology Inc., Class A(a)(b) |
100,339 | 657,220 | ||||||
Vonage Holdings Corp.(a) |
2,101,193 | 42,633,206 | ||||||
Weave Communications Inc.(a)(b) |
29,508 | 175,868 | ||||||
Workiva Inc.(a)(b) |
355,344 | 41,930,592 | ||||||
Yext Inc.(a)(b) |
940,994 | 6,483,449 | ||||||
Zuora Inc., Class A(a)(b) |
936,644 | 14,030,927 | ||||||
|
|
|||||||
1,102,705,332 | ||||||||
Specialty Retail — 2.8% | ||||||||
Abercrombie & Fitch Co., Class A(a) |
38,114 | 1,219,267 | ||||||
American Eagle Outfitters Inc. |
1,262,068 | 21,202,742 | ||||||
America’s Car-Mart Inc./TX(a) |
42,109 | 3,392,301 | ||||||
Arko Corp.(b) |
714,570 | 6,502,587 | ||||||
Asbury Automotive Group Inc.(a) |
192,123 | 30,778,105 | ||||||
Bed Bath & Beyond Inc.(a) |
90,584 | 2,040,857 | ||||||
Boot Barn Holdings Inc.(a) |
241,886 | 22,928,374 | ||||||
Buckle Inc. (The) |
232,992 | 7,698,056 | ||||||
Caleres Inc. |
306,087 | 5,916,662 | ||||||
Camping World Holdings Inc., Class A(b) |
346,541 | 9,685,821 | ||||||
Chico’s FAS Inc.(a) |
216,692 | 1,040,122 | ||||||
Children’s Place Inc. (The)(a)(b) |
114,040 | 5,622,172 | ||||||
Citi Trends Inc.(a)(b) |
66,513 | 2,036,961 | ||||||
Designer Brands Inc. , Class A(a) |
507,198 | 6,852,245 | ||||||
GrowGeneration Corp.(a)(b) |
464,512 | 4,278,155 | ||||||
Guess? Inc. |
45,669 | 997,868 | ||||||
Haverty Furniture Companies Inc. |
57,553 | 1,578,103 | ||||||
Hibbett Inc. |
94,244 | 4,178,779 | ||||||
JOANN Inc.(b) |
95,371 | 1,088,183 | ||||||
Kirkland’s Inc.(a)(b) |
100,771 | 936,163 | ||||||
MarineMax Inc.(a)(b) |
90,915 | 3,660,238 | ||||||
Monro Inc. |
169,626 | 7,521,217 | ||||||
Murphy USA Inc. |
193,663 | 38,724,853 | ||||||
National Vision Holdings Inc.(a)(b) |
689,431 | 30,038,509 | ||||||
OneWater Marine Inc., Class A |
89,665 | 3,088,959 | ||||||
Party City Holdco Inc.(a)(b) |
911,249 | 3,262,271 | ||||||
Rent-A-Center Inc./TX |
511,022 | 12,872,644 | ||||||
Sally Beauty Holdings Inc.(a)(b) |
911,316 | 14,243,869 | ||||||
Shift Technologies Inc.(a)(b) |
103,965 | 228,723 | ||||||
Shoe Carnival Inc. |
132,788 | 3,872,098 | ||||||
Signet Jewelers Ltd. |
341,306 | 24,812,946 | ||||||
Sleep Number Corp.(a)(b) |
89,030 | 4,514,711 | ||||||
Sportsman’s Warehouse Holdings Inc.(a)(b) |
359,719 | 3,845,396 | ||||||
Torrid Holdings Inc.(a)(b) |
38,076 | 230,741 | ||||||
Urban Outfitters Inc.(a)(b) |
401,194 | 10,073,981 | ||||||
Winmark Corp. |
10,137 | 2,230,140 | ||||||
|
|
|||||||
303,194,819 | ||||||||
Technology Hardware, Storage & Peripherals — 0.4% | ||||||||
3D Systems Corp.(a)(b) |
938,536 | 15,654,781 |
S C H E D U L E O F I N V E S T M E N T S |
97 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Technology Hardware, Storage & Peripherals (continued) |
| |||||||
Avid Technology Inc.(a) |
300,308 | $ | 10,471,740 | |||||
Corsair Gaming Inc.(a)(b) |
232,781 | 4,925,646 | ||||||
Diebold Nixdorf Inc.(a)(b) |
625,791 | 4,211,573 | ||||||
Eastman Kodak Co.(a)(b) |
354,636 | 2,322,866 | ||||||
Turtle Beach Corp.(a)(b) |
109,467 | 2,330,552 | ||||||
|
|
|||||||
39,917,158 | ||||||||
Textiles, Apparel & Luxury Goods — 0.9% | ||||||||
Crocs Inc.(a) |
482,829 | 36,888,136 | ||||||
Kontoor Brands Inc. |
430,772 | 17,812,422 | ||||||
Oxford Industries Inc. |
10,397 | 940,928 | ||||||
PLBY Group Inc.(a)(b) |
246,364 | 3,224,905 | ||||||
Rocky Brands Inc. |
3,026 | 125,851 | ||||||
Steven Madden Ltd. |
674,701 | 26,070,447 | ||||||
Superior Group of Companies Inc. |
16,566 | 295,703 | ||||||
Wolverine World Wide Inc. |
675,368 | 15,236,302 | ||||||
|
|
|||||||
100,594,694 | ||||||||
Thrifts & Mortgage Finance — 0.1% | ||||||||
Axos Financial Inc.(a) |
44,326 | 2,056,283 | ||||||
Blue Foundry Bancorp(a)(b) |
13,445 | 182,180 | ||||||
Bridgewater Bancshares Inc.(a) |
38,986 | 650,286 | ||||||
Columbia Financial Inc.(a)(b) |
124,830 | 2,685,093 | ||||||
Hingham Institution For Savings (The) |
870 | 298,584 | ||||||
Kearny Financial Corp./MD |
178,835 | 2,303,395 | ||||||
Luther Burbank Corp. |
17,909 | 238,011 | ||||||
NMI Holdings Inc., Class A(a) |
42,609 | 878,598 | ||||||
Walker & Dunlop Inc. |
25,614 | 3,314,964 | ||||||
Waterstone Financial Inc. |
22,322 | 431,707 | ||||||
|
|
|||||||
13,039,101 | ||||||||
Tobacco — 0.1% | ||||||||
22nd Century Group Inc.(a)(b) |
1,328,985 | 3,083,245 | ||||||
Turning Point Brands Inc.(b) |
120,991 | 4,114,904 | ||||||
Vector Group Ltd. |
176,099 | 2,120,232 | ||||||
|
|
|||||||
9,318,381 | ||||||||
Trading Companies & Distributors — 1.3% | ||||||||
Alta Equipment Group Inc.(a)(b) |
28,945 | 357,760 | ||||||
Applied Industrial Technologies Inc. |
319,362 | 32,785,703 | ||||||
Beacon Roofing Supply Inc.(a)(b) |
346,405 | 20,534,888 | ||||||
BlueLinx Holdings Inc.(a)(b) |
76,515 | 5,499,898 | ||||||
Boise Cascade Co. |
71,241 | 4,949,112 | ||||||
Custom Truck One Source Inc.(a)(b) |
152,813 | 1,282,101 | ||||||
EVI Industries Inc.(a)(b) |
41,279 | 767,377 | ||||||
Global Industrial Co. |
82,439 | 2,657,009 | ||||||
H&E Equipment Services Inc. |
267,205 | 11,628,762 | ||||||
Herc Holdings Inc. |
207,538 | 34,677,524 | ||||||
Karat Packaging Inc.(a)(b) |
38,606 | 766,329 | ||||||
Lawson Products Inc./DE(a)(b) |
40,033 | 1,542,872 |
Security | Shares | Value | ||||||
Trading Companies & Distributors (continued) |
| |||||||
McGrath RentCorp |
137,830 | $ | 11,712,793 | |||||
Textainer Group Holdings Ltd. |
54,438 | 2,072,455 | ||||||
Transcat Inc.(a) |
58,934 | 4,781,905 | ||||||
WESCO International Inc.(a) |
65,434 | 8,515,581 | ||||||
Willis Lease Finance Corp.(a)(b) |
6,079 | 195,683 | ||||||
|
|
|||||||
144,727,752 | ||||||||
Water Utilities — 0.2% | ||||||||
American States Water Co. |
158,185 | 14,081,629 | ||||||
Cadiz Inc.(a)(b) |
64,251 | 133,000 | ||||||
Global Water Resources Inc. |
106,474 | 1,771,727 | ||||||
Middlesex Water Co. |
49,281 | 5,182,883 | ||||||
Pure Cycle Corp.(a) |
144,022 | 1,731,144 | ||||||
York Water Co. (The) |
66,002 | 2,968,110 | ||||||
|
|
|||||||
25,868,493 | ||||||||
Wireless Telecommunication Services — 0.0% | ||||||||
Gogo Inc.(a)(b) |
35,336 | 673,504 | ||||||
Shenandoah Telecommunications Co.(b) |
132,140 | 3,115,861 | ||||||
|
|
|||||||
3,789,365 | ||||||||
|
|
|||||||
Total
Common Stocks — 99.9% |
|
10,816,763,897 | ||||||
|
|
|||||||
Short-Term Investments |
| |||||||
Money Market Funds — 15.0% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.34%(d)(e)(f) |
1,616,406,921 | 1,616,083,640 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.25%(d)(e) |
11,160,000 | 11,160,000 | ||||||
|
|
|||||||
1,627,243,640 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 15.0% |
|
1,627,243,640 | ||||||
|
|
|||||||
Total
Investments in Securities — 114.9% |
|
12,444,007,537 | ||||||
Other Assets, Less Liabilities — (14.9)% |
|
(1,613,188,580 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
|
$ | 10,830,818,957 | |||||
|
|
(a) |
Non-income producing security. |
(b) |
All or a portion of this security is on loan. |
(c) |
Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(d) |
Affiliate of the Fund. |
(e) |
Annualized 7-day yield as of period end. |
(f) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
98 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
||||||||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value at 03/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value
at 03/31/22 |
Shares Held at 03/31/22 |
Income |
Capital Gain |
|
||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 1,625,108,435 | $ | — | $ | (7,847,645 | )(a) | $ | (256,537 | ) | $ | (920,613 | ) | $ | 1,616,083,640 | 1,616,406,921 | $ | 9,499,679 | (b) | $ | — | |||||||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
10,470,000 | 690,000 | (a) | — | — | — | 11,160,000 | 11,160,000 | 3,669 | — | ||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
$ | (256,537 | ) | $ | (920,613 | ) | $ | 1,627,243,640 | $ | 9,503,348 | $ | — | |||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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. |
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 |
||||||||||||||||
Russell 2000 E-Mini Index |
126 | 06/17/22 | $ | 13,018 | $ | 436,318 | ||||||||||
|
|
Derivative Financial Instruments Categorized by Risk Exposure
As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:
|
||||
Equity Contracts |
||||
|
||||
Assets — Derivative Financial Instruments |
||||
Futures contracts |
||||
Unrealized appreciation on futures contracts(a) |
$ | 436,318 | ||
|
|
(a) |
Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss). |
For the period ended March 31, 2022, the effect of derivative financial instruments in the Statements of Operations was as follows:
|
||||
Equity Contracts |
||||
|
||||
Net Realized Gain (Loss) from: |
||||
Futures contracts |
$ | (847,766 | ) | |
|
|
|||
Net Change in Unrealized Appreciation (Depreciation) on: |
||||
Futures contracts |
$ | 849,977 | ||
|
|
Average Quarterly Balances of Outstanding Derivative Financial Instruments
|
||||
Futures contracts: |
||||
Average notional value of contracts — long |
$ | 17,302,127 | ||
|
For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.
S C H E D U L E O F I N V E S T M E N T S |
99 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Growth ETF |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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 | |||||||||||||
|
||||||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Common Stocks |
$ | 10,816,440,650 | $ | — | $ | 323,247 | $ | 10,816,763,897 | ||||||||
Money Market Funds |
1,627,243,640 | — | — | 1,627,243,640 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 12,443,684,290 | $ | — | $ | 323,247 | $ | 12,444,007,537 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Derivative financial instruments(a) |
||||||||||||||||
Assets |
||||||||||||||||
Futures Contracts |
$ | 436,318 | $ | — | $ | — | $ | 436,318 | ||||||||
|
|
|
|
|
|
|
|
(a) |
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
See notes to financial statements.
100 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
||||||||
Aerospace & Defense — 1.1% |
||||||||
AAR Corp.(a) |
348,169 | $ | 16,861,825 | |||||
Aerojet Rocketdyne Holdings Inc.(a) |
156,417 | 6,155,009 | ||||||
AerSale Corp.(a)(b) |
165,566 | 2,602,697 | ||||||
Astronics Corp.(a) |
257,174 | 3,325,260 | ||||||
Cadre Holdings Inc. |
39,657 | 973,976 | ||||||
Ducommun Inc.(a)(b) |
110,274 | 5,777,255 | ||||||
Kaman Corp. |
282,713 | 12,292,361 | ||||||
Kratos Defense & Security Solutions Inc.(a) |
966,271 | 19,789,230 | ||||||
Maxar Technologies Inc.(b) |
741,391 | 29,255,289 | ||||||
Moog Inc., Class A |
293,838 | 25,798,976 | ||||||
National Presto Industries Inc. |
51,718 | 3,979,700 | ||||||
Park Aerospace Corp. |
193,883 | 2,530,173 | ||||||
Parsons Corp.(a)(b) |
270,191 | 10,456,392 | ||||||
Triumph Group Inc.(a)(b) |
653,456 | 16,519,368 | ||||||
Vectrus Inc.(a) |
116,566 | 4,180,057 | ||||||
|
|
|||||||
160,497,568 | ||||||||
Air Freight & Logistics — 0.5% | ||||||||
Air Transport Services Group Inc.(a)(b) |
602,134 | 20,141,382 | ||||||
Atlas Air Worldwide Holdings Inc.(a) |
294,228 | 25,412,472 | ||||||
Hub Group Inc., Class A(a)(b) |
339,117 | 26,183,224 | ||||||
Radiant Logistics Inc.(a) |
404,106 | 2,574,155 | ||||||
|
|
|||||||
74,311,233 | ||||||||
Airlines — 0.3% | ||||||||
Hawaiian Holdings Inc.(a)(b) |
518,498 | 10,214,411 | ||||||
Mesa Air Group Inc.(a) |
375,960 | 1,654,224 | ||||||
SkyWest Inc.(a) |
508,056 | 14,657,416 | ||||||
Spirit Airlines Inc.(a)(b) |
1,004,034 | 21,958,223 | ||||||
|
|
|||||||
48,484,274 | ||||||||
Auto Components — 0.8% | ||||||||
Adient PLC(a)(b) |
845,121 | 34,455,583 | ||||||
American Axle & Manufacturing Holdings Inc.(a) |
572,554 | 4,443,019 | ||||||
Cooper-Standard Holdings Inc.(a)(b) |
171,034 | 1,499,968 | ||||||
Dana Inc. |
688,864 | 12,103,341 | ||||||
Goodyear Tire & Rubber Co. (The)(a)(b) |
2,827,013 | 40,398,016 | ||||||
Modine Manufacturing Co.(a) |
459,408 | 4,139,266 | ||||||
Motorcar Parts of America Inc.(a) |
191,698 | 3,417,975 | ||||||
Standard Motor Products Inc. |
214,610 | 9,258,275 | ||||||
Stoneridge Inc.(a)(b) |
227,905 | 4,731,308 | ||||||
Tenneco Inc., Class A(a) |
62,197 | 1,139,449 | ||||||
XL Fleet Corp.(a)(b) |
1,096,942 | 2,182,915 | ||||||
|
|
|||||||
117,769,115 | ||||||||
Automobiles — 0.1% | ||||||||
Canoo Inc.(a)(b) |
593,960 | 3,278,659 | ||||||
Fisker Inc.(a)(b) |
140,164 | 1,808,116 | ||||||
Lordstown Motors Corp., Class A(a)(b) |
1,409,366 | 4,805,938 | ||||||
Workhorse Group Inc.(a)(b) |
1,422,439 | 7,112,195 | ||||||
|
|
|||||||
17,004,908 | ||||||||
Banks — 15.1% | ||||||||
1st Source Corp. |
173,396 | 8,019,565 | ||||||
Allegiance Bancshares Inc. |
194,632 | 8,696,158 | ||||||
Amalgamated Financial Corp. |
144,374 | 2,594,401 | ||||||
Amerant Bancorp Inc. |
268,587 | 8,484,663 | ||||||
American National Bankshares Inc. |
110,867 | 4,177,469 | ||||||
Ameris Bancorp |
679,677 | 29,824,227 | ||||||
Arrow Financial Corp. |
144,631 | 4,688,937 | ||||||
Associated Banc-Corp. |
1,519,426 | 34,582,136 | ||||||
Atlantic Union Bankshares Corp. |
773,776 | 28,389,841 |
Security | Shares | Value | ||||||
Banks (continued) |
||||||||
Banc of California Inc. |
560,861 | $ | 10,858,269 | |||||
BancFirst Corp. |
176,520 | 14,688,229 | ||||||
Bancorp. Inc. (The)(a) |
540,391 | 15,309,277 | ||||||
Bank First Corp. |
65,655 | 4,726,503 | ||||||
Bank of Marin Bancorp., Class A |
158,056 | 5,543,024 | ||||||
Bank of NT Butterfield & Son Ltd. (The) |
513,518 | 18,425,026 | ||||||
BankUnited Inc. |
874,546 | 38,445,042 | ||||||
Banner Corp. |
339,328 | 19,860,868 | ||||||
Bar Harbor Bankshares |
152,346 | 4,360,143 | ||||||
Berkshire Hills Bancorp. Inc. |
503,718 | 14,592,710 | ||||||
Blue Ridge Bankshares Inc. |
175,855 | 2,667,720 | ||||||
Brookline Bancorp. Inc. |
763,687 | 12,081,528 | ||||||
Business First Bancshares Inc. |
196,932 | 4,791,356 | ||||||
Byline Bancorp Inc. |
257,089 | 6,859,135 | ||||||
Cadence Bank |
1,539,707 | 45,051,827 | ||||||
Cambridge Bancorp |
68,905 | 5,856,925 | ||||||
Camden National Corp. |
150,108 | 7,061,080 | ||||||
Capital Bancorp Inc./MD |
83,335 | 1,905,038 | ||||||
Capital City Bank Group Inc. |
139,343 | 3,673,081 | ||||||
Capstar Financial Holdings Inc. |
215,146 | 4,535,278 | ||||||
Carter Bankshares Inc.(a)(b) |
267,288 | 4,642,793 | ||||||
Cathay General Bancorp |
744,456 | 33,314,406 | ||||||
CBTX Inc. |
190,913 | 5,918,303 | ||||||
Central Pacific Financial Corp. |
249,654 | 6,965,347 | ||||||
Citizens & Northern Corp. |
156,174 | 3,807,522 | ||||||
City Holding Co. |
156,265 | 12,298,056 | ||||||
Civista Bancshares Inc. |
153,908 | 3,709,183 | ||||||
CNB Financial Corp./PA |
170,982 | 4,500,246 | ||||||
Coastal Financial Corp./WA(a)(b) |
32,468 | 1,485,411 | ||||||
Columbia Banking System Inc. |
809,890 | 26,135,150 | ||||||
Community Bank System Inc. |
547,275 | 38,391,341 | ||||||
Community Trust Bancorp. Inc. |
158,898 | 6,546,598 | ||||||
ConnectOne Bancorp. Inc. |
383,543 | 12,277,211 | ||||||
CrossFirst Bankshares Inc.(a)(b) |
242,416 | 3,820,476 | ||||||
Customers Bancorp. Inc.(a)(b) |
289,085 | 15,072,892 | ||||||
CVB Financial Corp. |
1,370,971 | 31,820,237 | ||||||
Dime Community Bancshares Inc. |
344,031 | 11,893,152 | ||||||
Eagle Bancorp. Inc. |
326,865 | 18,634,574 | ||||||
Eastern Bankshares Inc. |
1,389,554 | 29,930,993 | ||||||
Enterprise Bancorp. Inc./MA |
98,062 | 3,934,247 | ||||||
Enterprise Financial Services Corp. |
354,868 | 16,788,805 | ||||||
Equity Bancshares Inc., Class A |
143,423 | 4,633,997 | ||||||
Farmers National Banc Corp. |
315,865 | 5,388,657 | ||||||
FB Financial Corp. |
311,114 | 13,819,684 | ||||||
Fidelity D&D Bancorp. Inc.(b) |
43,352 | 2,012,833 | ||||||
Financial Institutions Inc. |
159,692 | 4,811,520 | ||||||
First Bancorp. Inc. (The) |
112,550 | 3,385,504 | ||||||
First BanCorp./Puerto Rico |
2,050,844 | 26,907,073 | ||||||
First Bancorp./Southern Pines NC |
354,994 | 14,828,099 | ||||||
First Bancshares Inc. (The) |
209,690 | 7,058,165 | ||||||
First Bank/Hamilton NJ |
162,186 | 2,306,285 | ||||||
First Busey Corp. |
515,772 | 13,069,663 | ||||||
First Commonwealth Financial Corp. |
944,088 | 14,312,374 | ||||||
First Community Bankshares Inc. |
175,594 | 4,953,507 | ||||||
First Financial Bancorp |
959,413 | 22,114,470 | ||||||
First Financial Bankshares Inc. |
94,767 | 4,181,120 | ||||||
First Financial Corp./IN |
116,027 | 5,021,649 | ||||||
First Foundation Inc. |
506,974 | 12,314,398 | ||||||
First Internet Bancorp |
96,210 | 4,137,992 | ||||||
First Interstate BancSystem Inc., Class A |
894,973 | 32,908,157 |
S C H E D U L E O F I N V E S T M E N T S |
101 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Banks (continued) |
||||||||
First Merchants Corp. |
585,570 | $ | 24,359,712 | |||||
First Mid Bancshares Inc. |
173,425 | 6,675,128 | ||||||
First of Long Island Corp. (The) |
234,614 | 4,565,588 | ||||||
Five Star Bancorp |
73,483 | 2,079,569 | ||||||
Flushing Financial Corp. |
298,561 | 6,672,838 | ||||||
Fulton Financial Corp. |
1,632,354 | 27,129,724 | ||||||
German American Bancorp. Inc. |
253,262 | 9,621,423 | ||||||
Glacier Bancorp. Inc. |
993,099 | 49,933,018 | ||||||
Great Southern Bancorp. Inc. |
104,208 | 6,149,314 | ||||||
Guaranty Bancshares Inc./TX |
82,845 | 2,899,575 | ||||||
Hancock Whitney Corp. |
882,642 | 46,029,780 | ||||||
Hanmi Financial Corp. |
298,593 | 7,348,374 | ||||||
HarborOne Bancorp Inc. |
487,859 | 6,839,783 | ||||||
HBT Financial Inc. |
103,917 | 1,889,211 | ||||||
Heartland Financial USA Inc. |
415,337 | 19,865,569 | ||||||
Heritage Commerce Corp. |
594,833 | 6,691,871 | ||||||
Heritage Financial Corp./WA |
360,904 | 9,044,254 | ||||||
Hilltop Holdings Inc. |
631,864 | 18,576,802 | ||||||
Home BancShares Inc./AR |
1,560,458 | 35,266,351 | ||||||
HomeStreet Inc. |
194,376 | 9,209,535 | ||||||
HomeTrust Bancshares Inc. |
152,806 | 4,512,361 | ||||||
Hope Bancorp Inc. |
1,203,391 | 19,350,527 | ||||||
Horizon Bancorp Inc./IN |
436,164 | 8,143,182 | ||||||
Independent Bank Corp. |
468,223 | 38,249,137 | ||||||
Independent Bank Corp./MI |
208,139 | 4,579,058 | ||||||
Independent Bank Group Inc. |
380,513 | 27,077,305 | ||||||
International Bancshares Corp. |
551,035 | 23,259,187 | ||||||
Investors Bancorp. Inc. |
1,498,512 | 22,372,784 | ||||||
Lakeland Bancorp. Inc. |
631,005 | 10,537,784 | ||||||
Lakeland Financial Corp. |
237,900 | 17,366,700 | ||||||
Macatawa Bank Corp. |
275,064 | 2,478,327 | ||||||
Mercantile Bank Corp. |
162,909 | 5,770,237 | ||||||
Meta Financial Group Inc. |
214,767 | 11,795,004 | ||||||
Metrocity Bankshares Inc. |
149,817 | 3,517,703 | ||||||
Metropolitan Bank Holding Corp.(a) |
95,418 | 9,710,690 | ||||||
Mid Penn Bancorp. Inc. |
144,526 | 3,874,742 | ||||||
Midland States Bancorp. Inc. |
219,378 | 6,331,249 | ||||||
MidWestOne Financial Group Inc. |
149,155 | 4,937,031 | ||||||
MVB Financial Corp. |
105,276 | 4,368,954 | ||||||
National Bank Holdings Corp., Class A |
297,448 | 11,981,205 | ||||||
NBT Bancorp. Inc. |
439,454 | 15,877,473 | ||||||
Nicolet Bankshares Inc.(a)(b) |
125,177 | 11,712,812 | ||||||
Northrim Bancorp. Inc. |
61,749 | 2,690,404 | ||||||
Northwest Bancshares Inc. |
1,273,051 | 17,198,919 | ||||||
OceanFirst Financial Corp. |
597,410 | 12,007,941 | ||||||
OFG Bancorp |
506,719 | 13,498,994 | ||||||
Old National Bancorp./IN |
3,009,567 | 49,296,707 | ||||||
Old Second Bancorp. Inc. |
284,512 | 4,128,269 | ||||||
Origin Bancorp Inc. |
188,942 | 7,990,357 | ||||||
Orrstown Financial Services Inc. |
112,235 | 2,573,549 | ||||||
Pacific Premier Bancorp. Inc. |
823,975 | 29,127,516 | ||||||
Park National Corp. |
145,961 | 19,176,356 | ||||||
Peapack Gladstone Financial Corp. |
179,657 | 6,243,081 | ||||||
Peoples Bancorp. Inc./OH |
258,776 | 8,102,277 | ||||||
Peoples Financial Services Corp. |
73,220 | 3,696,146 | ||||||
Preferred Bank/Los Angeles CA |
99,774 | 7,392,256 | ||||||
Premier Financial Corp. |
366,347 | 11,111,305 | ||||||
Primis Financial Corp. |
256,599 | 3,587,254 | ||||||
QCR Holdings Inc. |
169,334 | 9,582,611 | ||||||
RBB Bancorp |
134,425 | 3,157,643 |
Security | Shares | Value | ||||||
Banks (continued) |
||||||||
Red River Bancshares Inc. |
47,693 | $ | 2,523,437 | |||||
Renasant Corp. |
566,612 | 18,953,171 | ||||||
Republic Bancorp. Inc./KY, Class A |
96,136 | 4,320,352 | ||||||
Republic First Bancorp. Inc.(a)(b) |
471,457 | 2,432,718 | ||||||
S&T Bancorp. Inc. |
366,977 | 10,855,180 | ||||||
Sandy Spring Bancorp. Inc. |
453,236 | 20,359,361 | ||||||
Seacoast Banking Corp. of Florida |
560,223 | 19,619,009 | ||||||
ServisFirst Bancshares Inc. |
86,211 | 8,215,046 | ||||||
Sierra Bancorp |
148,981 | 3,721,545 | ||||||
Simmons First National Corp., Class A |
1,141,943 | 29,941,745 | ||||||
SmartFinancial Inc. |
144,404 | 3,693,854 | ||||||
South Plains Financial Inc. |
111,433 | 2,961,889 | ||||||
South State Corp. |
785,681 | 64,103,713 | ||||||
Southern First Bancshares Inc.(a)(b) |
53,130 | 2,701,129 | ||||||
Southside Bancshares Inc. |
324,752 | 13,259,624 | ||||||
Spirit of Texas Bancshares Inc. |
133,687 | 3,513,294 | ||||||
Stock Yards Bancorp. Inc. |
203,765 | 10,779,169 | ||||||
Summit Financial Group Inc. |
120,742 | 3,089,788 | ||||||
Texas Capital Bancshares Inc.(a) |
322,871 | 18,503,737 | ||||||
Third Coast Bancshares Inc.(a)(b) |
34,363 | 793,785 | ||||||
Tompkins Financial Corp. |
145,386 | 11,379,362 | ||||||
Towne Bank/Portsmouth VA |
689,281 | 20,637,073 | ||||||
TriCo Bancshares |
284,268 | 11,379,248 | ||||||
TriState Capital Holdings Inc.(a) |
301,557 | 10,020,739 | ||||||
Triumph Bancorp. Inc.(a)(b) |
16,791 | 1,578,690 | ||||||
Trustmark Corp. |
638,028 | 19,389,671 | ||||||
UMB Financial Corp. |
449,288 | 43,652,822 | ||||||
United Bankshares Inc./WV |
1,349,928 | 47,085,489 | ||||||
United Community Banks Inc./GA |
1,069,952 | 37,234,330 | ||||||
Univest Financial Corp. |
296,497 | 7,934,260 | ||||||
Valley National Bancorp |
4,101,438 | 53,400,723 | ||||||
Veritex Holdings Inc. |
415,095 | 15,844,176 | ||||||
Washington Trust Bancorp. Inc. |
174,966 | 9,185,715 | ||||||
WesBanco Inc. |
616,526 | 21,183,833 | ||||||
West Bancorp. Inc. |
141,919 | 3,861,616 | ||||||
Westamerica Bancorp |
270,559 | 16,368,820 | ||||||
|
|
|||||||
2,214,492,115 | ||||||||
Beverages — 0.2% | ||||||||
Duckhorn Portfolio Inc. (The)(a)(b) |
125,061 | 2,274,860 | ||||||
MGP Ingredients Inc. |
22,679 | 1,941,096 | ||||||
Primo Water Corp. |
1,607,174 | 22,902,229 | ||||||
Zevia PBC, Class A(a)(b) |
43,515 | 198,863 | ||||||
|
|
|||||||
27,317,048 | ||||||||
Biotechnology — 4.1% | ||||||||
2seventy bio Inc.(a)(b) |
239,589 | 4,087,388 | ||||||
4D Molecular Therapeutics Inc.(a) |
260,877 | 3,944,460 | ||||||
89bio Inc.(a)(b) |
103,103 | 388,698 | ||||||
Acumen Pharmaceuticals Inc.(a)(b) |
109,760 | 429,162 | ||||||
Adagio Therapeutics Inc.(a)(b) |
248,155 | 1,131,587 | ||||||
Adicet Bio Inc.(a)(b) |
261,493 | 5,222,015 | ||||||
Adverum Biotechnologies Inc.(a)(b) |
882,111 | 1,155,565 | ||||||
Aeglea BioTherapeutics Inc.(a)(b) |
391,598 | 900,675 | ||||||
Aerovate Therapeutics Inc.(a)(b) |
57,230 | 1,049,026 | ||||||
Agios Pharmaceuticals Inc.(a)(b) |
555,884 | 16,181,783 | ||||||
Akebia Therapeutics Inc.(a)(b) |
1,051,774 | 755,069 | ||||||
Akero Therapeutics Inc.(a)(b) |
64,733 | 918,561 | ||||||
Akouos Inc.(a)(b) |
246,199 | 1,169,445 | ||||||
Albireo Pharma Inc.(a)(b) |
31,896 | 951,458 | ||||||
Allogene Therapeutics Inc.(a)(b) |
411,111 | 3,745,221 |
102 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
Altimmune Inc.(a) |
417,615 | $ | 2,543,275 | |||||
AnaptysBio Inc.(a)(b) |
198,147 | 4,902,157 | ||||||
Anika Therapeutics Inc.(a) |
148,784 | 3,735,966 | ||||||
Annexon Inc.(a) |
318,518 | 869,554 | ||||||
Applied Therapeutics Inc.(a)(b) |
43,793 | 92,403 | ||||||
AquaBounty Technologies Inc.(a)(b) |
438,622 | 820,223 | ||||||
Arbutus Biopharma Corp.(a)(b) |
834,193 | 2,485,895 | ||||||
Arcellx Inc.(a) |
45,229 | 634,111 | ||||||
Arcturus Therapeutics Holdings Inc.(a)(b) |
214,151 | 5,773,511 | ||||||
Arcus Biosciences Inc.(a)(b) |
457,730 | 14,445,959 | ||||||
Arcutis Biotherapeutics Inc.(a)(b) |
257,529 | 4,960,009 | ||||||
Ardelyx Inc.(a) |
207,708 | 222,248 | ||||||
Atara Biotherapeutics Inc.(a)(b) |
817,908 | 7,598,365 | ||||||
Athenex Inc.(a)(b) |
363,437 | 301,471 | ||||||
Athersys Inc.(a)(b) |
290,393 | 175,833 | ||||||
Atossa Therapeutics Inc.(a)(b) |
1,105,686 | 1,382,108 | ||||||
Atreca Inc., Class A(a)(b) |
260,181 | 824,774 | ||||||
Aura Biosciences Inc.(a)(b) |
19,871 | 437,162 | ||||||
Avid Bioservices Inc.(a)(b) |
38,202 | 778,175 | ||||||
Avidity Biosciences Inc.(a) |
318,865 | 5,889,437 | ||||||
Avrobio Inc.(a)(b) |
377,966 | 498,915 | ||||||
BioCryst Pharmaceuticals Inc.(a)(b) |
1,655,795 | 26,923,227 | ||||||
Biohaven
Pharmaceutical Holding Co. |
187,740 | 22,260,332 | ||||||
Black Diamond Therapeutics Inc.(a)(b) |
231,354 | 640,851 | ||||||
Bluebird Bio Inc.(a)(b) |
687,387 | 3,333,827 | ||||||
Blueprint Medicines Corp.(a)(b) |
38,721 | 2,473,497 | ||||||
Bolt Biotherapeutics Inc.(a) |
237,181 | 649,876 | ||||||
Bridgebio Pharma Inc.(a)(b) |
363,605 | 3,690,591 | ||||||
Brooklyn ImmunoTherapeutics Inc.(a)(b) |
30,381 | 62,281 | ||||||
Cardiff Oncology Inc.(a) |
381,095 | 945,116 | ||||||
Caribou Biosciences Inc.(a)(b) |
228,573 | 2,098,300 | ||||||
Catalyst Pharmaceuticals Inc.(a) |
996,003 | 8,256,865 | ||||||
Celldex Therapeutics Inc.(a)(b) |
99,296 | 3,382,022 | ||||||
CEL-SCI Corp.(a) |
36 | 141 | ||||||
Century Therapeutics Inc.(a)(b) |
70,413 | 886,500 | ||||||
ChemoCentryx Inc.(a)(b) |
514,428 | 12,896,710 | ||||||
Chimerix Inc.(a) |
221,074 | 1,012,519 | ||||||
Chinook Therapeutics Inc.(a) |
413,482 | 6,764,566 | ||||||
Clene Inc.(a)(b) |
73,092 | 287,982 | ||||||
Cogent Biosciences Inc.(a) |
271,477 | 2,033,363 | ||||||
Crinetics Pharmaceuticals Inc.(a) |
64,823 | 1,422,865 | ||||||
Cullinan Oncology Inc.(a)(b) |
251,872 | 2,637,100 | ||||||
Curis Inc.(a) |
112,606 | 268,002 | ||||||
Cyteir Therapeutics Inc.(a)(b) |
71,877 | 270,976 | ||||||
Cytokinetics Inc.(a)(b) |
60,952 | 2,243,643 | ||||||
CytomX Therapeutics Inc.(a)(b) |
98,202 | 262,199 | ||||||
Day One Biopharmaceuticals Inc.(a)(b) |
92,967 | 922,233 | ||||||
Deciphera Pharmaceuticals Inc.(a)(b) |
57,570 | 533,674 | ||||||
Design Therapeutics Inc.(a)(b) |
116,343 | 1,878,939 | ||||||
Dyne Therapeutics Inc.(a)(b) |
308,568 | 2,974,596 | ||||||
Eagle Pharmaceuticals Inc./DE(a) |
59,407 | 2,940,052 | ||||||
Eiger BioPharmaceuticals Inc.(a)(b) |
334,683 | 2,777,869 | ||||||
Eliem Therapeutics Inc.(a)(b) |
27,449 | 230,297 | ||||||
Emergent BioSolutions Inc.(a)(b) |
500,109 | 20,534,476 | ||||||
Enanta Pharmaceuticals Inc.(a) |
180,302 | 12,833,896 | ||||||
Entrada Therapeutics Inc.(a)(b) |
36,713 | 344,735 | ||||||
Erasca Inc.(a)(b) |
266,684 | 2,293,482 | ||||||
Exagen Inc.(a)(b) |
66,793 | 536,348 | ||||||
FibroGen Inc.(a)(b) |
78,950 | 948,979 | ||||||
Finch Therapeutics Group Inc.(a)(b) |
73,287 | 368,634 |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
Foghorn Therapeutics Inc.(a)(b) |
169,049 | $ | 2,574,616 | |||||
Forma Therapeutics Holdings Inc.(a) |
354,904 | 3,300,607 | ||||||
Frequency Therapeutics Inc.(a)(b) |
307,007 | 650,855 | ||||||
G1 Therapeutics Inc.(a)(b) |
166,985 | 1,269,086 | ||||||
Gemini Therapeutics Inc.(a)(b) |
175,744 | 244,284 | ||||||
Generation Bio Co.(a)(b) |
34,769 | 255,204 | ||||||
Geron Corp.(a)(b) |
3,136,484 | 4,265,618 | ||||||
Gossamer Bio Inc.(a)(b) |
633,710 | 5,500,603 | ||||||
Graphite Bio Inc.(a)(b) |
119,446 | 609,175 | ||||||
Gritstone bio Inc.(a)(b) |
431,677 | 1,778,509 | ||||||
Homology Medicines Inc.(a)(b) |
417,148 | 1,268,130 | ||||||
Hookipa Pharma Inc.(a)(b) |
48,277 | 110,072 | ||||||
iBio Inc.(a)(b) |
2,154,679 | 922,634 | ||||||
Icosavax Inc.(a) |
100,048 | 704,338 | ||||||
Ideaya Biosciences Inc.(a)(b) |
256,085 | 2,865,591 | ||||||
Imago Biosciences Inc.(a)(b) |
84,565 | 1,629,568 | ||||||
Immuneering Corp., Class A(a)(b) |
75,657 | 489,501 | ||||||
Immunic Inc.(a)(b) |
194,489 | 2,197,726 | ||||||
ImmunityBio Inc.(a)(b) |
627,385 | 3,519,630 | ||||||
ImmunoGen Inc.(a) |
1,007,563 | 4,796,000 | ||||||
Immunovant Inc.(a)(b) |
152,592 | 840,782 | ||||||
Impel Neuropharma Inc.(a)(b) |
15,714 | 100,098 | ||||||
Infinity Pharmaceuticals Inc.(a)(b) |
82,191 | 93,698 | ||||||
Inovio Pharmaceuticals Inc.(a)(b) |
2,113,163 | 7,586,255 | ||||||
Inozyme Pharma Inc.(a)(b) |
138,446 | 566,244 | ||||||
Instil Bio Inc.(a)(b) |
298,857 | 3,212,713 | ||||||
iTeos Therapeutics Inc.(a) |
207,271 | 6,669,981 | ||||||
IVERIC bio Inc.(a)(b) |
938,883 | 15,801,401 | ||||||
Janux Therapeutics Inc.(a)(b) |
72,876 | 1,045,042 | ||||||
Jounce Therapeutics Inc.(a) |
348,764 | 2,368,108 | ||||||
Kezar Life Sciences Inc.(a)(b) |
387,087 | 6,433,386 | ||||||
Kiniksa Pharmaceuticals Ltd., Class A(a) |
161,412 | 1,604,435 | ||||||
Kinnate Biopharma Inc.(a)(b) |
244,867 | 2,757,202 | ||||||
Kronos Bio Inc.(a) |
363,446 | 2,627,715 | ||||||
Krystal Biotech Inc.(a)(b) |
131,988 | 8,782,482 | ||||||
Kura Oncology Inc.(a)(b) |
654,666 | 10,527,029 | ||||||
Lexicon Pharmaceuticals Inc.(a)(b) |
403,850 | 844,047 | ||||||
Ligand Pharmaceuticals Inc.(a)(b) |
135,552 | 15,248,245 | ||||||
Lineage Cell Therapeutics Inc.(a)(b) |
1,252,095 | 1,928,226 | ||||||
Lyell Immunopharma Inc.(a)(b) |
649,802 | 3,281,500 | ||||||
MacroGenics Inc.(a) |
46,304 | 407,938 | ||||||
Magenta Therapeutics Inc.(a) |
17,522 | 50,814 | ||||||
MannKind Corp.(a)(b) |
2,279,705 | 8,389,314 | ||||||
MeiraGTx Holdings PLC(a) |
292,986 | 4,057,856 | ||||||
Mersana Therapeutics Inc.(a)(b) |
224,278 | 894,869 | ||||||
MiMedx Group Inc.(a)(b) |
394,679 | 1,858,938 | ||||||
Mirum Pharmaceuticals Inc.(a) |
22,223 | 489,350 | ||||||
Monte Rosa Therapeutics Inc.(a)(b) |
121,026 | 1,696,785 | ||||||
Mustang Bio Inc.(a)(b) |
703,401 | 710,435 | ||||||
Myriad Genetics Inc.(a)(b) |
813,680 | 20,504,736 | ||||||
Neoleukin Therapeutics Inc.(a)(b) |
265,086 | 498,362 | ||||||
NexImmune Inc.(a)(b) |
62,775 | 264,283 | ||||||
Nkarta Inc.(a)(b) |
146,513 | 1,667,318 | ||||||
Nurix Therapeutics Inc.(a) |
26,338 | 368,995 | ||||||
Nuvalent Inc., Class A(a)(b) |
76,852 | 1,067,474 | ||||||
Olema Pharmaceuticals Inc.(a) |
134,665 | 573,673 | ||||||
Omega Therapeutics Inc.(a)(b) |
89,042 | 555,622 | ||||||
Oncocyte Corp.(a)(b) |
177,647 | 264,694 | ||||||
Oncorus Inc.(a) |
201,743 | 359,103 | ||||||
Oncternal Therapeutics Inc.(a)(b) |
442,437 | 614,987 |
S C H E D U L E O F I N V E S T M E N T S |
103 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
OPKO Health Inc.(a)(b) |
4,078,152 | $ | 14,028,843 | |||||
ORIC Pharmaceuticals Inc.(a) |
277,497 | 1,481,834 | ||||||
Oyster Point Pharma Inc.(a)(b) |
114,919 | 1,337,657 | ||||||
Passage Bio Inc.(a)(b) |
383,180 | 1,187,858 | ||||||
Portage Biotech Inc.(a)(b) |
38,538 | 253,195 | ||||||
Poseida Therapeutics Inc.(a)(b) |
284,432 | 1,274,255 | ||||||
Praxis Precision Medicines Inc.(a)(b) |
312,650 | 3,192,157 | ||||||
Precigen Inc.(a)(b) |
123,480 | 260,543 | ||||||
Prometheus Biosciences Inc.(a) |
268,470 | 10,137,427 | ||||||
Prothena Corp. PLC(a)(b) |
87,841 | 3,212,345 | ||||||
Pyxis Oncology Inc.(a) |
38,864 | 157,011 | ||||||
Rallybio Corp.(a)(b) |
72,532 | 506,273 | ||||||
Recursion Pharmaceuticals Inc., Class A(a)(b) |
393,996 | 2,821,011 | ||||||
REGENXBIO Inc.(a)(b) |
192,141 | 6,377,160 | ||||||
Relay Therapeutics Inc.(a)(b) |
77,183 | 2,310,087 | ||||||
Reneo Pharmaceuticals Inc.(a)(b) |
20,766 | 61,052 | ||||||
Replimune Group Inc.(a) |
90,000 | 1,528,200 | ||||||
REVOLUTION Medicines Inc.(a)(b) |
525,734 | 13,411,474 | ||||||
Rhythm Pharmaceuticals Inc.(a)(b) |
451,307 | 5,199,057 | ||||||
Sana Biotechnology Inc.(a)(b) |
46,410 | 383,347 | ||||||
Sangamo Therapeutics Inc.(a)(b) |
126,897 | 737,272 | ||||||
Scholar Rock Holding Corp.(a)(b) |
43,808 | 564,685 | ||||||
Selecta Biosciences Inc.(a)(b) |
841,355 | 1,034,867 | ||||||
Sensei Biotherapeutics Inc.(a)(b) |
211,561 | 488,706 | ||||||
Shattuck Labs Inc.(a) |
48,864 | 208,161 | ||||||
Sigilon Therapeutics Inc.(a)(b) |
126,326 | 185,699 | ||||||
Silverback Therapeutics Inc.(a)(b) |
204,342 | 717,240 | ||||||
Solid Biosciences Inc.(a)(b) |
598,295 | 717,954 | ||||||
Sorrento Therapeutics Inc.(a)(b) |
301,938 | 703,516 | ||||||
Spero Therapeutics Inc.(a)(b) |
25,409 | 221,058 | ||||||
Spruce Biosciences Inc.(a)(b) |
80,808 | 162,424 | ||||||
SQZ Biotechnologies Co.(a) |
225,389 | 1,084,121 | ||||||
Surface Oncology Inc.(a)(b) |
353,209 | 1,038,434 | ||||||
Sutro Biopharma Inc.(a)(b) |
413,533 | 3,399,241 | ||||||
Syndax Pharmaceuticals Inc.(a)(b) |
378,938 | 6,585,942 | ||||||
Syros Pharmaceuticals Inc.(a)(b) |
302,366 | 359,816 | ||||||
Talaris Therapeutics Inc.(a) |
65,410 | 643,634 | ||||||
Taysha Gene Therapies Inc.(a)(b) |
39,546 | 257,840 | ||||||
TCR2 Therapeutics Inc.(a)(b) |
314,525 | 868,089 | ||||||
Tenaya Therapeutics Inc.(a)(b) |
130,981 | 1,542,956 | ||||||
Tonix Pharmaceuticals Holding Corp.(a)(b) |
5,115,878 | 1,177,675 | ||||||
Travere Therapeutics Inc.(a)(b) |
562,706 | 14,500,934 | ||||||
Trevena Inc.(a)(b) |
1,076,418 | 591,922 | ||||||
Turning Point Therapeutics Inc.(a)(b) |
420,201 | 11,282,397 | ||||||
Tyra Biosciences Inc.(a)(b) |
48,349 | 517,334 | ||||||
UroGen Pharma Ltd.(a)(b) |
51,293 | 446,762 | ||||||
Vanda Pharmaceuticals Inc.(a) |
558,317 | 6,314,565 | ||||||
Vaxart Inc.(a)(b) |
114,631 | 577,740 | ||||||
Vaxcyte Inc.(a)(b) |
309,641 | 7,477,830 | ||||||
VBI Vaccines Inc.(a)(b) |
238,912 | 396,594 | ||||||
Vera Therapeutics Inc.(a)(b) |
57,233 | 1,344,403 | ||||||
Veracyte Inc.(a)(b) |
691,432 | 19,062,780 | ||||||
Verve Therapeutics Inc.(a)(b) |
155,316 | 3,544,311 | ||||||
Vigil Neuroscience Inc.(a)(b) |
24,302 | 170,843 | ||||||
Viking Therapeutics Inc.(a)(b) |
705,706 | 2,117,118 | ||||||
Viracta Therapeutics Inc.(a)(b) |
293,973 | 1,399,311 | ||||||
VistaGen Therapeutics Inc.(a) |
296,801 | 368,033 | ||||||
Vor BioPharma Inc.(a)(b) |
177,080 | 1,069,563 | ||||||
Werewolf Therapeutics Inc.(a)(b) |
83,036 | 365,358 | ||||||
XBiotech Inc. |
148,266 | 1,281,018 |
Security | Shares | Value | ||||||
Biotechnology (continued) |
||||||||
Xilio Therapeutics Inc.(a)(b) |
27,792 | $ | 196,489 | |||||
XOMA Corp.(a) |
57,417 | 1,606,528 | ||||||
|
|
|||||||
600,241,056 | ||||||||
Building Products — 0.9% | ||||||||
American Woodmark Corp.(a)(b) |
169,335 | 8,288,948 | ||||||
Apogee Enterprises Inc. |
250,213 | 11,875,109 | ||||||
Caesarstone Ltd. |
228,335 | 2,402,084 | ||||||
Gibraltar Industries Inc.(a) |
239,286 | 10,277,334 | ||||||
Griffon Corp. |
527,469 | 10,565,204 | ||||||
Insteel Industries Inc. |
174,476 | 6,453,867 | ||||||
JELD-WEN Holding Inc.(a)(b) |
564,066 | 11,439,259 | ||||||
PGT Innovations Inc.(a) |
310,451 | 5,581,909 | ||||||
Quanex Building Products Corp. |
342,394 | 7,186,850 | ||||||
Resideo Technologies Inc.(a) |
1,306,015 | 31,122,337 | ||||||
UFP Industries Inc. |
59,097 | 4,559,925 | ||||||
View Inc.(a)(b) |
1,037,733 | 1,909,429 | ||||||
Zurn Water Solutions Corp. |
585,165 | 20,714,841 | ||||||
|
|
|||||||
132,377,096 | ||||||||
Capital Markets — 1.1% | ||||||||
Assetmark Financial Holdings Inc.(a) |
186,831 | 4,156,990 | ||||||
Associated Capital Group Inc., Class A |
19,154 | 802,744 | ||||||
B. Riley Financial Inc. |
206,267 | 14,430,439 | ||||||
BGC Partners Inc., Class A |
3,239,133 | 14,252,185 | ||||||
Blucora Inc.(a) |
313,953 | 6,137,781 | ||||||
Cowen Inc., Class A |
267,862 | 7,259,060 | ||||||
Diamond Hill Investment Group Inc. |
31,260 | 5,854,998 | ||||||
Donnelley Financial Solutions Inc.(a) |
284,959 | 9,477,737 | ||||||
Federated Hermes Inc. |
953,200 | 32,465,992 | ||||||
GCM Grosvenor Inc., Class A |
53,006 | 514,688 | ||||||
Houlihan Lokey Inc. |
66,858 | 5,870,133 | ||||||
Moelis & Co., Class A |
284,217 | 13,343,988 | ||||||
Oppenheimer Holdings Inc., Class A, NVS |
94,221 | 4,106,151 | ||||||
Piper Sandler Cos |
179,074 | 23,503,463 | ||||||
PJT Partners Inc., Class A |
39,414 | 2,487,812 | ||||||
Sculptor Capital Management Inc. |
225,655 | 3,143,374 | ||||||
StoneX Group Inc.(a)(b) |
162,161 | 12,037,211 | ||||||
WisdomTree Investments Inc. |
341,545 | 2,004,869 | ||||||
|
|
|||||||
161,849,615 | ||||||||
Chemicals — 1.8% | ||||||||
AdvanSix Inc. |
277,836 | 14,194,641 | ||||||
American Vanguard Corp. |
230,051 | 4,674,636 | ||||||
Amyris Inc.(a)(b) |
1,624,153 | 7,081,307 | ||||||
Avient Corp. |
833,720 | 40,018,560 | ||||||
Chase Corp. |
55,815 | 4,850,882 | ||||||
Ecovyst Inc. |
607,922 | 7,027,578 | ||||||
Ferro Corp.(a) |
136,057 | 2,957,879 | ||||||
FutureFuel Corp. |
288,081 | 2,803,028 | ||||||
GCP Applied Technologies Inc.(a) |
684,871 | 21,518,647 | ||||||
Hawkins Inc. |
65,216 | 2,993,414 | ||||||
HB Fuller Co. |
440,248 | 29,087,185 | ||||||
Innospec Inc. |
173,419 | 16,049,929 | ||||||
Intrepid Potash Inc.(a)(b) |
102,912 | 8,453,192 | ||||||
Koppers Holdings Inc. |
211,416 | 5,818,168 | ||||||
Kronos Worldwide Inc. |
193,659 | 3,005,588 | ||||||
Minerals Technologies Inc. |
335,828 | 22,215,022 | ||||||
Rayonier Advanced Materials Inc.(a) |
638,382 | 4,194,170 | ||||||
Sensient Technologies Corp. |
209,072 | 17,551,594 | ||||||
Stepan Co. |
200,354 | 19,796,979 | ||||||
Tredegar Corp. |
55,115 | 660,829 |
104 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Chemicals (continued) |
||||||||
Tronox Holdings PLC, Class A |
1,172,344 | $ | 23,200,688 | |||||
Valhi Inc. |
23,592 | 691,482 | ||||||
Zymergen Inc.(a)(b) |
683,303 | 1,974,746 | ||||||
|
|
|||||||
260,820,144 | ||||||||
Commercial Services & Supplies — 1.9% |
||||||||
ABM Industries Inc. |
689,096 | 31,725,980 | ||||||
ACCO Brands Corp. |
945,695 | 7,565,560 | ||||||
Aris Water Solution Inc., A |
115,443 | 2,101,063 | ||||||
Brady Corp., Class A, NVS |
482,482 | 22,324,442 | ||||||
BrightView Holdings Inc.(a)(b) |
481,259 | 6,549,935 | ||||||
Casella Waste Systems Inc., Class A(a) |
40,683 | 3,565,865 | ||||||
CECO Environmental Corp.(a)(b) |
315,679 | 1,733,078 | ||||||
CompX International Inc. |
10,997 | 258,649 | ||||||
CoreCivic Inc.(a) |
1,226,005 | 13,694,476 | ||||||
Deluxe Corp. |
436,288 | 13,193,349 | ||||||
Ennis Inc. |
257,626 | 4,758,352 | ||||||
GEO Group Inc. (The)(a) |
1,218,065 | 8,051,410 | ||||||
Harsco Corp.(a) |
463,829 | 5,677,267 | ||||||
Healthcare Services Group Inc. |
365,885 | 6,794,484 | ||||||
Heritage-Crystal Clean Inc.(a) |
97,120 | 2,875,723 | ||||||
HNI Corp. |
400,527 | 14,839,525 | ||||||
Interface Inc. |
467,118 | 6,338,791 | ||||||
KAR Auction Services Inc.(a) |
1,232,609 | 22,248,592 | ||||||
Kimball International Inc., Class B |
368,270 | 3,111,882 | ||||||
Matthews International Corp., Class A |
315,775 | 10,218,479 | ||||||
MillerKnoll Inc. |
760,115 | 26,269,574 | ||||||
NL Industries Inc. |
88,814 | 638,573 | ||||||
Steelcase Inc., Class A |
879,679 | 10,512,164 | ||||||
Team Inc.(a) |
270,116 | 596,956 | ||||||
U.S. Ecology Inc.(a)(b) |
285,562 | 13,672,709 | ||||||
UniFirst Corp./MA |
154,452 | 28,462,415 | ||||||
VSE Corp. |
107,188 | 4,940,295 | ||||||
|
|
|||||||
272,719,588 | ||||||||
Communications Equipment — 0.6% |
||||||||
ADTRAN Inc. |
460,181 | 8,490,340 | ||||||
Aviat Networks Inc.(a)(b) |
100,440 | 3,090,539 | ||||||
Calix Inc.(a)(b) |
98,024 | 4,206,210 | ||||||
Comtech Telecommunications Corp. |
262,727 | 4,122,187 | ||||||
Digi International Inc.(a)(b) |
354,972 | 7,638,997 | ||||||
DZS Inc.(a)(b) |
101,120 | 1,402,534 | ||||||
EMCORE Corp.(a)(b) |
320,527 | 1,185,950 | ||||||
Harmonic Inc.(a)(b) |
760,499 | 7,065,036 | ||||||
Inseego Corp.(a)(b) |
680,481 | 2,755,948 | ||||||
KVH Industries Inc.(a) |
152,282 | 1,385,766 | ||||||
NETGEAR Inc.(a)(b) |
297,818 | 7,350,148 | ||||||
NetScout Systems Inc.(a) |
717,837 | 23,028,211 | ||||||
Plantronics Inc.(a) |
253,704 | 9,995,938 | ||||||
Ribbon Communications Inc.(a) |
722,048 | 2,231,128 | ||||||
Viavi Solutions Inc.(a) |
269,678 | 4,336,422 | ||||||
|
|
|||||||
88,285,354 | ||||||||
Construction & Engineering — 1.7% |
||||||||
API Group Corp.(a)(b) |
2,056,318 | 43,244,368 | ||||||
Arcosa Inc. |
495,722 | 28,380,084 | ||||||
Argan Inc. |
152,766 | 6,200,772 | ||||||
Concrete Pumping Holdings Inc.(a)(b) |
256,087 | 1,715,783 | ||||||
Dycom Industries Inc.(a)(b) |
55,119 | 5,250,636 | ||||||
EMCOR Group Inc. |
489,597 | 55,143,310 | ||||||
Fluor Corp.(a)(b) |
1,452,607 | 41,675,295 | ||||||
Granite Construction Inc. |
468,102 | 15,353,746 |
Security | Shares | Value | ||||||
Construction & Engineering (continued) |
||||||||
Great Lakes Dredge & Dock Corp.(a) |
659,080 | $ | 9,246,892 | |||||
Infrastructure and Energy Alternatives Inc.(a) |
162,350 | 1,923,847 | ||||||
INNOVATE Corp.(a)(b) |
479,929 | 1,770,938 | ||||||
Matrix Service Co.(a) |
279,541 | 2,297,827 | ||||||
MYR Group Inc.(a) |
42,673 | 4,012,969 | ||||||
Northwest Pipe Co.(a) |
99,021 | 2,520,084 | ||||||
NV5 Global Inc.(a)(b) |
102,492 | 13,662,184 | ||||||
Primoris Services Corp. |
546,582 | 13,019,583 | ||||||
Sterling Construction Co. Inc.(a)(b) |
228,361 | 6,120,075 | ||||||
Tutor Perini Corp.(a) |
428,401 | 4,626,731 | ||||||
|
|
|||||||
256,165,124 | ||||||||
Construction Materials — 0.3% |
||||||||
Summit Materials Inc., Class A(a)(b) |
1,208,386 | 37,532,469 | ||||||
United States Lime & Minerals Inc. |
19,228 | 2,231,217 | ||||||
|
|
|||||||
39,763,686 | ||||||||
Consumer Finance — 1.2% |
||||||||
Encore Capital Group Inc.(a)(b) |
253,650 | 15,911,464 | ||||||
Enova International Inc.(a)(b) |
371,771 | 14,116,145 | ||||||
EZCORP Inc., Class A, NVS(a) |
525,778 | 3,175,699 | ||||||
FirstCash Holdings Inc. |
376,392 | 26,475,413 | ||||||
Green Dot Corp., Class A(a) |
493,662 | 13,565,832 | ||||||
LendingClub Corp.(a) |
1,030,059 | 16,254,331 | ||||||
Navient Corp. |
1,547,594 | 26,371,002 | ||||||
Nelnet Inc., Class A |
173,527 | 14,748,060 | ||||||
Oportun Financial Corp.(a) |
221,656 | 3,182,980 | ||||||
PRA Group Inc.(a)(b) |
439,849 | 19,828,393 | ||||||
PROG Holdings Inc.(a) |
487,318 | 14,020,139 | ||||||
Regional Management Corp. |
48,181 | 2,340,151 | ||||||
World Acceptance Corp.(a)(b) |
43,430 | 8,331,611 | ||||||
|
|
|||||||
178,321,220 | ||||||||
Containers & Packaging — 0.3% |
||||||||
Greif Inc., Class A, NVS |
223,838 | 14,562,900 | ||||||
Greif Inc., Class B |
54,813 | 3,494,877 | ||||||
Myers Industries Inc. |
200,511 | 4,331,038 | ||||||
Pactiv Evergreen Inc. |
439,267 | 4,419,026 | ||||||
Ranpak Holdings Corp.(a)(b) |
319,236 | 6,521,991 | ||||||
TriMas Corp. |
441,368 | 14,163,499 | ||||||
|
|
|||||||
47,493,331 | ||||||||
Diversified Consumer Services — 1.0% |
||||||||
2U Inc.(a) |
121,342 | 1,611,422 | ||||||
Adtalem Global Education Inc.(a)(b) |
505,987 | 15,032,874 | ||||||
American Public Education Inc.(a) |
191,255 | 4,062,256 | ||||||
Carriage Services Inc. |
128,196 | 6,836,693 | ||||||
Coursera Inc.(a)(b) |
747,977 | 17,233,390 | ||||||
European Wax Center Inc., Class A(a)(b) |
73,533 | 2,173,636 | ||||||
Graham Holdings Co., Class B |
39,045 | 23,874,846 | ||||||
Houghton Mifflin Harcourt Co.(a) |
83,526 | 1,754,881 | ||||||
Laureate Education Inc., Class A |
1,012,968 | 12,003,671 | ||||||
OneSpaWorld Holdings Ltd.(a)(b) |
267,966 | 2,733,253 | ||||||
Perdoceo Education Corp.(a) |
712,082 | 8,174,701 | ||||||
PowerSchool Holdings Inc., Class A(a)(b) |
360,164 | 5,946,308 | ||||||
Regis Corp.(a)(b) |
36,802 | 78,020 | ||||||
StoneMor Inc.(a)(b) |
329,974 | 861,232 | ||||||
Strategic Education Inc. |
249,080 | 16,533,930 | ||||||
Stride Inc.(a)(b) |
401,559 | 14,588,638 | ||||||
Udemy Inc.(a)(b) |
122,536 | 1,526,799 | ||||||
Vivint Smart Home Inc.(a)(b) |
687,932 | 4,650,420 | ||||||
WW International Inc.(a)(b) |
369,143 | 3,776,333 | ||||||
|
|
|||||||
143,453,303 |
S C H E D U L E O F I N V E S T M E N T S |
105 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Diversified Financial Services — 0.3% |
||||||||
Alerus Financial Corp. |
159,587 | $ | 4,410,985 | |||||
A-Mark Precious Metals Inc. |
91,705 | 7,092,465 | ||||||
Banco Latinoamericano de Comercio Exterior SA, Class E |
314,302 | 4,896,825 | ||||||
Cannae Holdings Inc.(a)(b) |
867,810 | 20,758,015 | ||||||
|
|
|||||||
37,158,290 | ||||||||
Diversified Telecommunication Services — 0.5% | ||||||||
Anterix Inc.(a) |
83,961 | 4,861,342 | ||||||
ATN International Inc. |
111,979 | 4,465,722 | ||||||
Consolidated
Communications Holdings |
739,607 | 4,363,681 | ||||||
EchoStar Corp., Class A(a)(b) |
384,890 | 9,368,223 | ||||||
Globalstar Inc.(a)(b) |
771,001 | 1,133,371 | ||||||
IDT Corp., Class B(a) |
37,463 | 1,277,114 | ||||||
Iridium Communications Inc.(a)(b) |
296,544 | 11,956,654 | ||||||
Liberty Latin America Ltd., Class A(a) |
435,168 | 4,221,130 | ||||||
Liberty Latin America Ltd., Class C, NVS(a) |
1,562,547 | 14,984,826 | ||||||
Ooma Inc.(a)(b) |
90,840 | 1,361,692 | ||||||
Radius
Global Infrastructure Inc., |
730,115 | 10,426,042 | ||||||
|
|
|||||||
68,419,797 | ||||||||
Electric Utilities — 1.3% | ||||||||
ALLETE Inc. |
535,095 | 35,840,663 | ||||||
MGE Energy Inc. |
372,091 | 29,689,141 | ||||||
Otter Tail Corp. |
422,046 | 26,377,875 | ||||||
PNM Resources Inc. |
872,537 | 41,593,839 | ||||||
Portland General Electric Co. |
919,788 | 50,726,308 | ||||||
Via Renewables Inc. |
16,866 | 138,976 | ||||||
|
|
|||||||
184,366,802 | ||||||||
Electrical Equipment — 0.7% | ||||||||
Advent Technologies Holdings Inc.(a)(b) |
82,793 | 192,080 | ||||||
Allied Motion Technologies Inc. |
8,678 | 258,952 | ||||||
American Superconductor Corp.(a)(b) |
282,236 | 2,147,816 | ||||||
Array Technologies Inc.(a)(b) |
1,000,821 | 11,279,253 | ||||||
AZZ Inc. |
250,776 | 12,097,434 | ||||||
Babcock & Wilcox Enterprises Inc.(a)(b) |
408,061 | 3,329,778 | ||||||
Beam Global(a)(b) |
11,801 | 241,330 | ||||||
Encore Wire Corp.(b) |
201,441 | 22,978,375 | ||||||
EnerSys |
373,920 | 27,883,214 | ||||||
FuelCell Energy Inc.(a)(b) |
856,184 | 4,931,620 | ||||||
GrafTech International Ltd. |
230,387 | 2,216,323 | ||||||
Powell Industries Inc. |
92,738 | 1,800,972 | ||||||
Preformed Line Products Co. |
29,718 | 1,884,716 | ||||||
Romeo Power Inc.(a)(b) |
260,854 | 388,672 | ||||||
Thermon Group Holdings Inc.(a)(b) |
340,992 | 5,524,070 | ||||||
|
|
|||||||
97,154,605 | ||||||||
Electronic Equipment, Instruments & Components — 1.7% | ||||||||
Aeva Technologies Inc.(a)(b) |
1,082,003 | 4,685,073 | ||||||
Belden Inc. |
452,393 | 25,062,572 | ||||||
Benchmark Electronics Inc. |
360,441 | 9,025,443 | ||||||
CTS Corp.(b) |
253,407 | 8,955,403 | ||||||
Daktronics Inc.(a)(b) |
384,513 | 1,476,530 | ||||||
ePlus Inc.(a) |
271,992 | 15,247,872 | ||||||
Fabrinet(a) |
53,568 | 5,631,604 | ||||||
FARO Technologies Inc.(a) |
92,146 | 4,784,220 | ||||||
Identiv Inc.(a)(b) |
17,151 | 277,332 | ||||||
II-VI Inc.(a)(b) |
75,461 | 5,470,168 | ||||||
Insight Enterprises Inc.(a)(b) |
229,714 | 24,652,906 | ||||||
Itron Inc.(a)(b) |
82,039 | 4,321,815 | ||||||
Kimball Electronics Inc.(a)(b) |
231,394 | 4,625,566 | ||||||
Knowles Corp.(a) |
898,751 | 19,350,109 |
Security | Shares | Value | ||||||
Electronic Equipment, Instruments & Components (continued) |
| |||||||
Methode Electronics Inc. |
378,776 | $ | 16,382,062 | |||||
OSI Systems Inc.(a) |
152,716 | 12,999,186 | ||||||
PC Connection Inc. |
114,764 | 6,012,486 | ||||||
Plexus Corp.(a) |
32,276 | 2,640,500 | ||||||
Rogers Corp.(a)(b) |
23,389 | 6,354,791 | ||||||
Sanmina Corp.(a)(b) |
638,329 | 25,801,258 | ||||||
ScanSource Inc.(a) |
258,991 | 9,010,297 | ||||||
TTM Technologies Inc.(a) |
1,063,403 | 15,759,632 | ||||||
Vishay Intertechnology Inc. |
1,175,652 | 23,042,779 | ||||||
Vishay Precision Group Inc.(a) |
123,414 | 3,967,760 | ||||||
|
|
|||||||
255,537,364 | ||||||||
Energy Equipment & Services — 1.9% | ||||||||
Archrock Inc. |
1,375,614 | 12,696,917 | ||||||
Bristow Group Inc.(a) |
241,476 | 8,953,930 | ||||||
ChampionX Corp.(a) |
1,688,017 | 41,322,656 | ||||||
Dril-Quip Inc.(a)(b) |
359,373 | 13,422,582 | ||||||
Expro Group Holdings NV(a)(b) |
408,302 | 7,259,610 | ||||||
Helix Energy Solutions Group Inc.(a) |
1,424,703 | 6,810,080 | ||||||
Helmerich & Payne Inc. |
1,052,376 | 45,020,645 | ||||||
Liberty
Oilfield Services Inc., |
624,491 | 9,254,957 | ||||||
Nabors Industries Ltd.(a) |
72,719 | 11,105,646 | ||||||
National Energy Services Reunited Corp.(a)(b) |
385,799 | 3,240,712 | ||||||
Newpark Resources Inc.(a)(b) |
939,925 | 3,440,125 | ||||||
NexTier Oilfield Solutions Inc.(a) |
1,590,052 | 14,692,080 | ||||||
Oceaneering International Inc.(a) |
1,019,901 | 15,461,699 | ||||||
Oil States International Inc.(a) |
633,336 | 4,401,685 | ||||||
Patterson-UTI Energy Inc. |
1,908,335 | 29,541,026 | ||||||
ProPetro Holding Corp.(a) |
882,489 | 12,293,072 | ||||||
RPC Inc.(a) |
692,741 | 7,391,546 | ||||||
Select Energy Services Inc., Class A(a) |
650,108 | 5,571,426 | ||||||
Solaris Oilfield Infrastructure Inc., Class A |
230,182 | 2,598,755 | ||||||
TETRA Technologies Inc.(a)(b) |
294,807 | 1,211,657 | ||||||
Tidewater Inc.(a)(b) |
421,346 | 9,160,062 | ||||||
U.S. Silica Holdings Inc.(a) |
754,368 | 14,076,507 | ||||||
|
|
|||||||
278,927,375 | ||||||||
Entertainment — 1.3% | ||||||||
AMC Entertainment Holdings Inc., Class A(a)(b) |
5,275,375 | 129,985,240 | ||||||
Chicken Soup For The Soul Entertainment Inc.(a)(b) |
55,169 | 440,800 | ||||||
Cinemark Holdings Inc.(a)(b) |
191,681 | 3,312,248 | ||||||
CuriosityStream Inc.(a)(b) |
213,456 | 619,022 | ||||||
Eros STX Global Corp.(a)(b) |
163,524 | 456,232 | ||||||
IMAX Corp.(a) |
451,491 | 8,546,725 | ||||||
Lions Gate Entertainment Corp., Class A(a)(b) |
600,914 | 9,764,853 | ||||||
Lions Gate Entertainment Corp., Class B, NVS(a)(b) |
1,201,672 | 18,061,130 | ||||||
Madison Square Garden Entertainment Corp.(a)(b) |
267,337 | 22,271,845 | ||||||
Marcus Corp. (The)(a) |
234,430 | 4,149,411 | ||||||
|
|
|||||||
197,607,506 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 11.3% | ||||||||
Acadia Realty Trust |
887,621 | 19,234,747 | ||||||
Agree Realty Corp. |
720,027 | 47,780,992 | ||||||
Alexander & Baldwin Inc. |
741,701 | 17,200,046 | ||||||
American Assets Trust Inc. |
507,868 | 19,243,119 | ||||||
Apartment Investment & Management Co., Class A(a) |
1,550,376 | 11,348,752 | ||||||
Apple Hospitality REIT Inc. |
2,181,492 | 39,201,411 | ||||||
Armada Hoffler Properties Inc. |
674,887 | 9,853,350 | ||||||
Ashford Hospitality Trust Inc.(a)(b) |
180,222 | 1,838,264 | ||||||
Braemar Hotels & Resorts Inc.(b) |
583,706 | 3,607,303 | ||||||
Brandywine Realty Trust |
1,737,865 | 24,573,411 | ||||||
Broadstone Net Lease Inc. |
1,612,111 | 35,111,778 |
106 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Equity Real Estate Investment Trusts (REITs) (continued) |
| |||||||
BRT Apartments Corp. |
119,484 | $ | 2,864,031 | |||||
CareTrust REIT Inc. |
986,434 | 19,038,176 | ||||||
CatchMark Timber Trust Inc., Class A |
152,504 | 1,250,533 | ||||||
Centerspace |
145,667 | 14,292,846 | ||||||
Chatham Lodging Trust(a) |
485,710 | 6,697,941 | ||||||
City Office REIT Inc. |
440,519 | 7,779,566 | ||||||
Clipper Realty Inc. |
29,732 | 269,669 | ||||||
Community Healthcare Trust Inc. |
86,518 | 3,651,925 | ||||||
Corporate Office Properties Trust |
1,155,634 | 32,981,794 | ||||||
CTO Realty Growth Inc. |
59,256 | 3,929,858 | ||||||
DiamondRock Hospitality Co.(a) |
2,145,253 | 21,667,055 | ||||||
DigitalBridge Group Inc.(a) |
4,964,335 | 35,743,212 | ||||||
Diversified Healthcare Trust |
2,425,265 | 7,760,848 | ||||||
Easterly Government Properties Inc. |
886,856 | 18,748,136 | ||||||
Empire State Realty Trust Inc., Class A |
1,464,478 | 14,381,174 | ||||||
Equity Commonwealth(a) |
1,114,114 | 31,429,156 | ||||||
Essential Properties Realty Trust Inc. |
1,229,736 | 31,112,321 | ||||||
Farmland Partners Inc. |
289,312 | 3,978,040 | ||||||
Four Corners Property Trust Inc. |
782,456 | 21,157,610 | ||||||
Franklin Street Properties Corp., Class C |
1,041,152 | 6,142,797 | ||||||
Getty Realty Corp. |
416,292 | 11,914,277 | ||||||
Gladstone Commercial Corp. |
275,880 | 6,074,878 | ||||||
Gladstone Land Corp. |
132,102 | 4,811,155 | ||||||
Global Medical REIT Inc. |
613,402 | 10,010,721 | ||||||
Global Net Lease Inc. |
1,066,142 | 16,770,414 | ||||||
Healthcare Realty Trust Inc. |
1,509,579 | 41,483,231 | ||||||
Hersha Hospitality Trust, Class A(a) |
334,855 | 3,040,483 | ||||||
Independence Realty Trust Inc. |
2,256,618 | 59,664,980 | ||||||
Indus Realty Trust Inc. |
13,813 | 1,009,592 | ||||||
Industrial Logistics Properties Trust |
666,332 | 15,105,746 | ||||||
Innovative Industrial Properties Inc. |
114,846 | 23,589,368 | ||||||
iStar Inc. |
681,126 | 15,945,160 | ||||||
Kite Realty Group Trust |
2,211,726 | 50,361,001 | ||||||
LTC Properties Inc. |
398,559 | 15,332,565 | ||||||
LXP Industrial Trust |
2,860,277 | 44,906,349 | ||||||
Macerich Co. (The) |
2,187,314 | 34,209,591 | ||||||
National Health Investors Inc. |
447,073 | 26,381,778 | ||||||
Necessity Retail REIT Inc. |
1,203,219 | 9,517,462 | ||||||
NETSTREIT Corp. |
406,880 | 9,130,387 | ||||||
NexPoint Residential Trust Inc. |
184,543 | 16,666,078 | ||||||
Office Properties Income Trust |
489,540 | 12,595,864 | ||||||
One Liberty Properties Inc. |
164,532 | 5,065,940 | ||||||
Outfront Media Inc. |
1,187,552 | 33,762,103 | ||||||
Paramount Group Inc. |
1,904,271 | 20,775,597 | ||||||
Pebblebrook Hotel Trust(b) |
1,322,349 | 32,371,104 | ||||||
Phillips Edison & Co. Inc. |
1,018,748 | 35,034,744 | ||||||
Physicians Realty Trust |
2,254,852 | 39,550,104 | ||||||
Piedmont Office Realty Trust Inc., Class A |
1,265,995 | 21,800,434 | ||||||
Plymouth Industrial REIT Inc. |
316,660 | 8,581,486 | ||||||
Postal Realty Trust Inc., Class A |
161,032 | 2,708,558 | ||||||
PotlatchDeltic Corp. |
676,100 | 35,650,753 | ||||||
Preferred Apartment Communities Inc., Class A |
531,337 | 13,251,545 | ||||||
PS Business Parks Inc. |
30,874 | 5,189,302 | ||||||
Retail Opportunity Investments Corp. |
1,215,055 | 23,559,916 | ||||||
Retail Value Inc. |
181,583 | 555,644 | ||||||
RLJ Lodging Trust |
1,693,236 | 23,840,763 | ||||||
RPT Realty |
856,240 | 11,790,425 | ||||||
Ryman Hospitality Properties Inc.(a)(b) |
45,450 | 4,216,397 | ||||||
Sabra Health Care REIT Inc. |
2,333,516 | 34,746,053 | ||||||
Safehold Inc. |
71,943 | 3,989,239 |
Security | Shares | Value | ||||||
Equity Real Estate Investment Trusts (REITs) (continued) |
| |||||||
Saul Centers Inc. |
8,336 | $ | 439,307 | |||||
Seritage Growth Properties, Class A(a) |
378,885 | 4,796,684 | ||||||
Service Properties Trust |
1,683,243 | 14,863,036 | ||||||
SITE Centers Corp. |
1,771,663 | 29,604,489 | ||||||
STAG Industrial Inc. |
1,830,654 | 75,697,543 | ||||||
Summit Hotel Properties Inc.(a) |
1,060,334 | 10,560,927 | ||||||
Sunstone Hotel Investors Inc.(a) |
2,227,834 | 26,243,885 | ||||||
Tanger Factory Outlet Centers Inc. |
758,315 | 13,035,435 | ||||||
Terreno Realty Corp. |
753,993 | 55,833,182 | ||||||
UMH Properties Inc. |
60,834 | 1,495,908 | ||||||
Uniti Group Inc. |
2,012,099 | 27,686,482 | ||||||
Universal Health Realty Income Trust |
9,503 | 554,690 | ||||||
Urban Edge Properties |
1,176,330 | 22,467,903 | ||||||
Urstadt Biddle Properties Inc., Class A |
304,465 | 5,726,987 | ||||||
Veris Residential Inc.(a) |
892,862 | 15,526,870 | ||||||
Washington Real Estate Investment Trust |
861,511 | 21,968,530 | ||||||
Whitestone REIT |
470,856 | 6,238,842 | ||||||
Xenia Hotels & Resorts Inc.(a) |
1,158,346 | 22,344,494 | ||||||
|
|
|||||||
1,653,916,242 | ||||||||
Food & Staples Retailing — 1.1% | ||||||||
Andersons Inc. (The) |
189,785 | 9,538,594 | ||||||
BJ’s
Wholesale Club Holdings |
354,821 | 23,989,448 | ||||||
Chefs’ Warehouse Inc. (The)(a)(b) |
299,212 | 9,754,311 | ||||||
HF Foods Group Inc.(a)(b) |
369,918 | 2,463,654 | ||||||
Ingles Markets Inc., Class A |
144,002 | 12,823,378 | ||||||
Natural Grocers by Vitamin Cottage Inc. |
98,415 | 1,928,934 | ||||||
Performance Food Group Co.(a)(b) |
136,638 | 6,956,241 | ||||||
PriceSmart Inc. |
232,689 | 18,352,181 | ||||||
Rite Aid Corp.(a)(b) |
567,253 | 4,963,464 | ||||||
SpartanNash Co. |
367,737 | 12,131,644 | ||||||
Sprouts Farmers Market Inc.(a) |
640,387 | 20,479,576 | ||||||
United Natural Foods Inc.(a)(b) |
551,158 | 22,790,383 | ||||||
Village Super Market Inc., Class A |
88,496 | 2,168,152 | ||||||
Weis Markets Inc. |
167,978 | 11,996,989 | ||||||
|
|
|||||||
160,336,949 | ||||||||
Food Products — 1.1% | ||||||||
B&G Foods Inc.(b) |
650,586 | 17,552,810 | ||||||
Cal-Maine Foods Inc. |
415,260 | 22,930,657 | ||||||
Fresh Del Monte Produce Inc. |
345,627 | 8,955,196 | ||||||
Hostess Brands Inc.(a) |
1,412,063 | 30,980,662 | ||||||
John B Sanfilippo & Son Inc. |
29,699 | 2,478,085 | ||||||
Laird Superfood Inc.(a) |
60,697 | 219,116 | ||||||
Lancaster Colony Corp. |
23,300 | 3,475,195 | ||||||
Landec Corp.(a) |
266,604 | 3,087,274 | ||||||
Limoneira Co. |
124,777 | 1,831,726 | ||||||
Mission Produce Inc.(a) |
333,686 | 4,221,128 | ||||||
Sanderson Farms Inc. |
29,241 | 5,482,395 | ||||||
Seneca Foods Corp., Class A(a) |
62,156 | 3,203,520 | ||||||
Simply Good Foods Co. (The)(a) |
813,085 | 30,856,576 | ||||||
Sovos Brands Inc.(a)(b) |
144,382 | 2,047,337 | ||||||
Tootsie Roll Industries Inc.(b) |
162,008 | 5,663,797 | ||||||
TreeHouse Foods Inc.(a)(b) |
528,623 | 17,053,378 | ||||||
Vita Coco Co. Inc. (The)(a)(b) |
39,721 | 355,900 | ||||||
Whole Earth Brands Inc.(a) |
380,809 | 2,726,593 | ||||||
|
|
|||||||
163,121,345 | ||||||||
Gas Utilities — 2.1% | ||||||||
Brookfield Infrastructure Corp., Class A |
648,811 | 48,946,302 | ||||||
Chesapeake Utilities Corp. |
178,554 | 24,597,599 | ||||||
New Jersey Resources Corp. |
985,679 | 45,203,239 |
S C H E D U L E O F I N V E S T M E N T S |
107 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Gas Utilities (continued) |
||||||||
Northwest Natural Holding Co. |
311,875 | $ | 16,130,175 | |||||
ONE Gas Inc. |
539,776 | 47,629,834 | ||||||
South Jersey Industries Inc. |
1,053,415 | 36,395,488 | ||||||
Southwest Gas Holdings Inc. |
673,809 | 52,752,507 | ||||||
Spire Inc. |
518,097 | 37,178,641 | ||||||
|
|
|||||||
308,833,785 | ||||||||
Health Care Equipment & Supplies — 1.2% | ||||||||
Alphatec Holdings Inc.(a)(b) |
63,480 | 730,020 | ||||||
AngioDynamics Inc.(a)(b) |
384,260 | 8,276,960 | ||||||
Artivion Inc.(a)(b) |
46,542 | 995,068 | ||||||
Asensus Surgical Inc.(a)(b) |
1,680,659 | 1,053,437 | ||||||
Avanos Medical Inc.(a) |
491,865 | 16,477,477 | ||||||
Bioventus Inc., Class A(a) |
78,343 | 1,104,636 | ||||||
Cue Health Inc.(a)(b) |
57,604 | 371,546 | ||||||
CVRx Inc.(a)(b) |
11,904 | 71,305 | ||||||
DarioHealth Corp.(a)(b) |
142,422 | 831,744 | ||||||
Haemonetics Corp.(a)(b) |
164,242 | 10,383,379 | ||||||
Integer Holdings Corp.(a) |
332,602 | 26,797,743 | ||||||
Invacare Corp.(a) |
343,919 | 484,926 | ||||||
Lantheus Holdings Inc.(a) |
589,363 | 32,597,668 | ||||||
LivaNova PLC(a)(b) |
107,264 | 8,777,413 | ||||||
Lucid Diagnostics Inc.(a)(b) |
25,431 | 85,448 | ||||||
Meridian Bioscience Inc.(a) |
386,990 | 10,046,260 | ||||||
Merit Medical Systems Inc.(a) |
58,036 | 3,860,555 | ||||||
Mesa Laboratories Inc. |
50,686 | 12,918,848 | ||||||
Natus Medical Inc.(a) |
343,571 | 9,029,046 | ||||||
Neogen Corp.(a) |
68,515 | 2,113,003 | ||||||
Neuronetics Inc.(a)(b) |
23,357 | 70,772 | ||||||
OraSure Technologies Inc.(a) |
731,004 | 4,956,207 | ||||||
Orthofix Medical Inc.(a) |
195,314 | 6,386,768 | ||||||
Paragon 28 Inc.(a)(b) |
20,904 | 349,933 | ||||||
PROCEPT BioRobotics Corp.(a)(b) |
11,589 | 405,499 | ||||||
RxSight Inc.(a)(b) |
34,533 | 427,519 | ||||||
SeaSpine Holdings Corp.(a)(b) |
164,350 | 1,998,496 | ||||||
Sientra Inc.(a)(b) |
77,177 | 171,333 | ||||||
Sight Sciences Inc.(a)(b) |
40,542 | 468,665 | ||||||
Talis Biomedical Corp.(a)(b) |
142,147 | 200,427 | ||||||
UFP Technologies Inc.(a)(b) |
63,469 | 4,199,744 | ||||||
Utah Medical Products Inc. |
30,416 | 2,733,182 | ||||||
Varex Imaging Corp.(a) |
340,726 | 7,254,057 | ||||||
|
|
|||||||
176,629,084 | ||||||||
Health Care Providers & Services — 1.9% | ||||||||
AdaptHealth Corp.(a)(b) |
730,799 | 11,714,708 | ||||||
Addus HomeCare Corp.(a) |
89,985 | 8,394,701 | ||||||
AirSculpt Technologies Inc.(a) |
22,563 | 308,662 | ||||||
Brookdale Senior Living Inc.(a)(b) |
1,878,959 | 13,246,661 | ||||||
Castle Biosciences Inc.(a)(b) |
17,404 | 780,743 | ||||||
Community Health Systems Inc.(a) |
165,660 | 1,966,384 | ||||||
Contra Zogenix Inc., NVS(b) |
583,774 | 396,966 | ||||||
Covetrus Inc.(a) |
1,056,702 | 17,742,027 | ||||||
Cross Country Healthcare Inc.(a)(b) |
323,361 | 7,007,233 | ||||||
Fulgent Genetics Inc.(a)(b) |
186,682 | 11,650,824 | ||||||
Invitae Corp.(a)(b) |
1,525,221 | 12,156,011 | ||||||
LifeStance Health Group Inc.(a)(b) |
271,477 | 2,744,632 | ||||||
MEDNAX Inc.(a)(b) |
362,338 | 8,507,696 | ||||||
ModivCare Inc.(a) |
85,656 | 9,883,846 | ||||||
National HealthCare Corp. |
127,753 | 8,972,093 | ||||||
Option Care Health Inc.(a)(b) |
1,624,586 | 46,398,176 | ||||||
Owens & Minor Inc.(b) |
129,333 | 5,693,239 |
Security | Shares | Value | ||||||
Health Care Providers & Services (continued) |
| |||||||
Patterson Companies Inc. |
653,700 | $ | 21,160,269 | |||||
SOC Telemed Inc.(a) |
146,296 | 437,425 | ||||||
Tenet Healthcare Corp.(a) |
956,280 | 82,201,829 | ||||||
Tivity Health Inc.(a)(b) |
183,997 | 5,919,184 | ||||||
Viemed Healthcare Inc.(a)(b) |
289,084 | 1,439,638 | ||||||
|
|
|||||||
278,722,947 | ||||||||
Health Care Technology — 0.6% | ||||||||
Allscripts Healthcare Solutions Inc.(a) |
1,260,440 | 28,385,109 | ||||||
American Well Corp., Class A(a)(b) |
1,892,205 | 7,966,183 | ||||||
Computer Programs & Systems Inc.(a) |
142,357 | 4,904,199 | ||||||
Convey Health Solutions Holdings Inc.(a)(b) |
37,208 | 243,340 | ||||||
Evolent Health Inc., Class A(a)(b) |
650,992 | 21,027,042 | ||||||
Forian Inc.(a)(b) |
14,870 | 103,495 | ||||||
HealthStream Inc.(a) |
264,085 | 5,260,573 | ||||||
Multiplan Corp.(a)(b) |
2,828,322 | 13,236,547 | ||||||
NantHealth Inc.(a)(b) |
89,438 | 67,400 | ||||||
NextGen Healthcare Inc.(a)(b) |
575,712 | 12,038,138 | ||||||
|
|
|||||||
93,232,026 | ||||||||
Hotels, Restaurants & Leisure — 0.6% | ||||||||
Biglari Holdings Inc., Class B, NVS(a)(b) |
8,195 | 1,185,079 | ||||||
BJ’s Restaurants Inc.(a)(b) |
18,074 | 511,494 | ||||||
Bluegreen Vacations Holding Corp.(a)(b) |
149,206 | 4,412,021 | ||||||
Carrols Restaurant Group Inc. |
339,628 | 767,559 | ||||||
Chuy’s Holdings Inc.(a) |
109,870 | 2,966,490 | ||||||
Dave & Buster’s Entertainment Inc.(a) |
239,541 | 11,761,463 | ||||||
Denny’s Corp.(a) |
153,312 | 2,193,895 | ||||||
Drive Shack Inc.(a)(b) |
461,718 | 711,046 | ||||||
El Pollo Loco Holdings Inc.(a) |
192,612 | 2,238,152 | ||||||
F45 Training Holdings Inc.(a)(b) |
138,396 | 1,480,837 | ||||||
Fiesta Restaurant Group Inc.(a) |
179,137 | 1,339,049 | ||||||
First Watch Restaurant Group Inc.(a) |
38,968 | 508,532 | ||||||
GAN Ltd.(a)(b) |
362,578 | 1,747,626 | ||||||
Hall of Fame Resort & Entertainment Co.(a)(b) |
551,159 | 611,787 | ||||||
Jack in the Box Inc. |
186,862 | 17,454,779 | ||||||
Krispy Kreme Inc.(b) |
267,142 | 3,967,059 | ||||||
Life Time Group Holdings Inc.(a)(b) |
171,676 | 2,496,169 | ||||||
Monarch Casino & Resort Inc.(a)(b) |
25,306 | 2,207,442 | ||||||
Nathan’s Famous Inc. |
9,877 | 535,037 | ||||||
Portillo’s Inc., Class A(a)(b) |
63,957 | 1,570,784 | ||||||
SeaWorld Entertainment Inc.(a)(b) |
231,520 | 17,234,349 | ||||||
Sweetgreen Inc.(a)(b) |
35,950 | 1,150,041 | ||||||
Target Hospitality Corp.(a)(b) |
76,022 | 456,132 | ||||||
Xponential Fitness Inc., Class A(a) |
53,521 | 1,254,532 | ||||||
|
|
|||||||
80,761,354 | ||||||||
Household Durables — 1.4% | ||||||||
Bassett Furniture Industries Inc. |
94,427 | 1,563,711 | ||||||
Beazer Homes USA Inc.(a)(b) |
298,902 | 4,549,288 | ||||||
Cavco Industries Inc.(a) |
28,043 | 6,754,157 | ||||||
Century Communities Inc. |
108,182 | 5,795,310 | ||||||
Ethan Allen Interiors Inc. |
228,652 | 5,960,958 | ||||||
Flexsteel Industries Inc. |
67,508 | 1,302,904 | ||||||
Green Brick Partners Inc.(a) |
226,177 | 4,469,257 | ||||||
Hamilton Beach Brands Holding Co., Class A |
44,749 | 520,431 | ||||||
Hooker Furnishings Corp. |
112,336 | 2,127,644 | ||||||
Hovnanian Enterprises Inc., Class A(a)(b) |
53,974 | 3,189,863 | ||||||
iRobot Corp.(a)(b) |
26,552 | 1,683,397 | ||||||
KB Home |
665,742 | 21,556,726 | ||||||
Landsea Homes Corp.(a) |
99,412 | 849,973 | ||||||
La-Z-Boy Inc. |
450,032 | 11,867,344 |
108 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Household Durables (continued) |
||||||||
Legacy Housing Corp.(a) |
82,744 | $ | 1,775,686 | |||||
Lifetime Brands Inc. |
125,611 | 1,612,845 | ||||||
M/I Homes Inc.(a) |
292,067 | 12,953,171 | ||||||
MDC Holdings Inc. |
425,756 | 16,110,607 | ||||||
Meritage Homes Corp.(a) |
355,659 | 28,178,863 | ||||||
Snap One Holdings Corp.(a)(b) |
95,160 | 1,403,610 | ||||||
Taylor Morrison Home Corp.(a)(b) |
1,072,192 | 29,185,066 | ||||||
Traeger Inc.(a)(b) |
210,937 | 1,569,371 | ||||||
Tri Pointe Homes Inc.(a)(b) |
1,043,493 | 20,953,339 | ||||||
Tupperware Brands Corp.(a)(b) |
501,017 | 9,744,781 | ||||||
Universal Electronics Inc.(a) |
132,042 | 4,124,992 | ||||||
VOXX International Corp.(a)(b) |
157,649 | 1,571,761 | ||||||
Weber Inc., Class A(b) |
144,206 | 1,417,545 | ||||||
|
|
|||||||
202,792,600 | ||||||||
Household Products — 0.1% | ||||||||
Central Garden & Pet Co.(a)(b) |
62,322 | 2,739,675 | ||||||
Central Garden & Pet Co., Class A, NVS(a) |
251,788 | 10,267,915 | ||||||
Oil-Dri Corp. of America |
53,542 | 1,533,978 | ||||||
|
|
|||||||
14,541,568 | ||||||||
Independent Power and Renewable Electricity Producers — 0.6% | ||||||||
Clearway Energy Inc., Class A |
273,310 | 9,106,689 | ||||||
Clearway Energy Inc., Class C |
624,058 | 22,784,358 | ||||||
Ormat Technologies Inc.(b) |
463,839 | 37,955,945 | ||||||
Sunnova Energy International Inc.(a)(b) |
751,455 | 17,328,552 | ||||||
|
|
|||||||
87,175,544 | ||||||||
Insurance — 2.5% | ||||||||
Ambac Financial Group Inc.(a) |
471,495 | 4,903,548 | ||||||
American Equity Investment Life Holding Co. |
848,816 | 33,876,247 | ||||||
American National Group Inc. |
76,956 | 14,551,610 | ||||||
AMERISAFE Inc. |
197,543 | 9,811,961 | ||||||
Argo Group International Holdings Ltd. |
324,527 | 13,396,475 | ||||||
Bright Health Group Inc.(a)(b) |
793,570 | 1,531,590 | ||||||
Citizens Inc./TX(a)(b) |
516,769 | 2,191,101 | ||||||
CNO Financial Group Inc. |
1,227,952 | 30,809,316 | ||||||
Crawford & Co., Class A, NVS |
191,131 | 1,444,950 | ||||||
Donegal Group Inc., Class A |
157,210 | 2,108,186 | ||||||
eHealth Inc.(a)(b) |
178,601 | 2,216,438 | ||||||
Employers Holdings Inc. |
282,849 | 11,602,466 | ||||||
Enstar Group Ltd.(a)(b) |
126,816 | 33,117,998 | ||||||
Genworth Financial Inc., Class A(a) |
5,181,965 | 19,587,828 | ||||||
Goosehead Insurance Inc., Class A |
155,508 | 12,218,264 | ||||||
Greenlight Capital Re Ltd., Class A(a)(b) |
278,632 | 1,969,928 | ||||||
HCI Group Inc. |
59,022 | 4,024,120 | ||||||
Heritage Insurance Holdings Inc. |
246,553 | 1,760,388 | ||||||
Horace Mann Educators Corp. |
426,627 | 17,845,807 | ||||||
Investors Title Co. |
11,045 | 2,244,454 | ||||||
James River Group Holdings Ltd. |
317,464 | 7,854,059 | ||||||
Maiden Holdings Ltd.(a)(b) |
680,260 | 1,639,427 | ||||||
MBIA Inc.(a) |
491,454 | 7,563,477 | ||||||
MetroMile Inc.(a)(b) |
1,132,939 | 1,495,479 | ||||||
National Western Life Group Inc., Class A |
26,400 | 5,554,560 | ||||||
NI Holdings Inc.(a)(b) |
87,611 | 1,485,883 | ||||||
ProAssurance Corp. |
555,987 | 14,944,931 | ||||||
RLI Corp. |
32,139 | 3,555,538 | ||||||
Safety Insurance Group Inc. |
149,413 | 13,574,171 | ||||||
Selective Insurance Group Inc. |
608,349 | 54,362,067 | ||||||
SiriusPoint Ltd.(a) |
915,253 | 6,846,092 | ||||||
Stewart Information Services Corp. |
271,872 | 16,478,162 | ||||||
Tiptree Inc. |
240,595 | 3,091,646 |
Security | Shares | Value | ||||||
Insurance (continued) |
||||||||
Trean Insurance Group Inc.(a)(b) |
170,516 | $ | 799,720 | |||||
United Fire Group Inc. |
216,716 | 6,733,366 | ||||||
United Insurance Holdings Corp. |
219,948 | 728,028 | ||||||
Universal Insurance Holdings Inc. |
286,062 | 3,858,976 | ||||||
|
|
|||||||
371,778,257 | ||||||||
Interactive Media & Services — 0.1% | ||||||||
Cars.com Inc.(a) |
605,462 | 8,736,817 | ||||||
Liberty TripAdvisor Holdings Inc., Class A(a)(b) |
184,034 | 377,270 | ||||||
MediaAlpha Inc., Class A(a)(b) |
18,871 | 312,315 | ||||||
Outbrain Inc.(a)(b) |
126,452 | 1,356,830 | ||||||
TrueCar Inc.(a)(b) |
963,717 | 3,806,682 | ||||||
Yelp Inc.(a)(b) |
53,250 | 1,816,357 | ||||||
|
|
|||||||
16,406,271 | ||||||||
Internet & Direct Marketing Retail — 0.1% | ||||||||
1stdibs.com Inc.(a) |
44,263 | 353,661 | ||||||
aka Brands Holding Corp.(a)(b) |
34,638 | 153,100 | ||||||
Groupon Inc.(a)(b) |
35,001 | 673,069 | ||||||
Lands’ End Inc.(a)(b) |
148,643 | 2,515,040 | ||||||
Lulu’s Fashion Lounge Holdings Inc.(a) |
39,624 | 268,651 | ||||||
PetMed Express Inc. |
30,122 | 777,148 | ||||||
Rent the Runway Inc.(a)(b) |
59,717 | 411,450 | ||||||
Revolve Group Inc.(a)(b) |
137,019 | 7,356,550 | ||||||
Xometry Inc., Class A(a)(b) |
54,806 | 2,014,120 | ||||||
|
|
|||||||
14,522,789 | ||||||||
IT Services — 0.6% | ||||||||
Cass Information Systems Inc. |
117,485 | 4,336,371 | ||||||
Conduent Inc.(a)(b) |
1,727,389 | 8,913,327 | ||||||
CSG Systems International Inc. |
175,270 | 11,141,914 | ||||||
DigitalOcean Holdings Inc.(a)(b) |
28,946 | 1,674,526 | ||||||
Flywire Corp.(a)(b) |
93,943 | 2,872,777 | ||||||
Hackett Group Inc. (The) |
15,282 | 352,403 | ||||||
Limelight Networks Inc.(a) |
1,283,002 | 6,697,270 | ||||||
LiveRamp Holdings Inc.(a) |
675,668 | 25,263,227 | ||||||
MoneyGram International Inc.(a)(b) |
921,553 | 9,731,600 | ||||||
Rackspace Technology Inc.(a)(b) |
157,603 | 1,758,850 | ||||||
Remitly Global Inc.(a)(b) |
18,874 | 186,286 | ||||||
Repay Holdings Corp.(a)(b) |
494,309 | 7,300,944 | ||||||
StarTek Inc.(a)(b) |
177,705 | 787,233 | ||||||
Unisys Corp.(a)(b) |
144,968 | 3,132,759 | ||||||
|
|
|||||||
84,149,487 | ||||||||
Leisure Products — 0.5% | ||||||||
Acushnet Holdings Corp. |
246,074 | 9,906,939 | ||||||
American Outdoor Brands Inc.(a)(b) |
142,709 | 1,873,769 | ||||||
Callaway Golf Co.(a) |
1,183,285 | 27,712,535 | ||||||
Escalade Inc. |
79,976 | 1,055,683 | ||||||
Genius Brands International Inc.(a)(b) |
2,836,707 | 2,893,441 | ||||||
Johnson Outdoors Inc., Class A |
20,645 | 1,604,736 | ||||||
Nautilus Inc.(a) |
223,101 | 919,176 | ||||||
Solo Brands Inc., Class A(a)(b) |
61,744 | 526,676 | ||||||
Sturm Ruger & Co. Inc. |
11,420 | 795,061 | ||||||
Vista Outdoor Inc.(a) |
576,710 | 20,582,780 | ||||||
|
|
|||||||
67,870,796 | ||||||||
Life Sciences Tools & Services — 0.2% | ||||||||
Absci Corp.(a)(b) |
232,956 | 1,963,819 | ||||||
Aduro Biotech Inc., NVS(c) |
19,180 | 57,540 | ||||||
Alpha Teknova Inc.(a)(b) |
30,469 | 420,777 | ||||||
Codex DNA Inc.(a)(b) |
37,176 | 199,635 | ||||||
Cytek Biosciences Inc.(a)(b) |
180,442 | 1,945,165 | ||||||
Fluidigm Corp.(a)(b) |
693,038 | 2,488,007 |
S C H E D U L E O F I N V E S T M E N T S |
109 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Life Sciences Tools & Services (continued) |
| |||||||
Harvard Bioscience Inc.(a)(b) |
60,442 | $ | 375,345 | |||||
IsoPlexis Corp.(a)(b) |
44,993 | 154,326 | ||||||
MaxCyte Inc.(a)(b) |
435,497 | 3,044,124 | ||||||
NanoString Technologies Inc.(a)(b) |
37,255 | 1,294,611 | ||||||
Pacific Biosciences of California Inc.(a)(b) |
1,069,044 | 9,728,300 | ||||||
Personalis Inc.(a)(b) |
338,687 | 2,773,847 | ||||||
Rapid Micro Biosystems Inc., Cass A(a)(b) |
62,325 | 423,187 | ||||||
Seer Inc., Class A(a)(b) |
268,210 | 4,087,520 | ||||||
Singular Genomics Systems Inc.(a)(b) |
196,885 | 1,242,344 | ||||||
|
|
|||||||
30,198,547 | ||||||||
Machinery — 3.2% | ||||||||
AgEagle Aerial Systems Inc.(a)(b) |
239,431 | 284,923 | ||||||
Alamo Group Inc. |
11,940 | 1,716,853 | ||||||
Albany International Corp., Class A |
251,405 | 21,198,470 | ||||||
Altra Industrial Motion Corp. |
663,242 | 25,820,011 | ||||||
Astec Industries Inc. |
231,154 | 9,939,622 | ||||||
Barnes Group Inc. |
483,962 | 19,450,433 | ||||||
Blue Bird Corp.(a)(b) |
89,429 | 1,683,054 | ||||||
Chart Industries Inc.(a)(b) |
151,260 | 25,981,930 | ||||||
Columbus McKinnon Corp./NY(b) |
284,840 | 12,077,216 | ||||||
Commercial Vehicle Group Inc.(a)(b) |
207,934 | 1,757,042 | ||||||
Desktop Metal Inc., Class A(a) |
679,830 | 3,222,394 | ||||||
EnPro Industries Inc. |
209,754 | 20,499,258 | ||||||
ESCO Technologies Inc. |
236,996 | 16,570,760 | ||||||
Gorman-Rupp Co. (The) |
189,526 | 6,800,193 | ||||||
Greenbrier Companies Inc. (The) |
325,698 | 16,776,704 | ||||||
Hillenbrand Inc. |
336,603 | 14,867,755 | ||||||
Hyliion Holdings Corp.(a)(b) |
981,466 | 4,347,894 | ||||||
Hyster-Yale Materials Handling Inc. |
102,130 | 3,391,737 | ||||||
Ideanomics Inc.(a)(b) |
4,938,268 | 5,530,860 | ||||||
Kennametal Inc. |
846,442 | 24,216,706 | ||||||
Lindsay Corp. |
10,795 | 1,694,923 | ||||||
Luxfer Holdings PLC |
159,485 | 2,679,348 | ||||||
Manitowoc Co. Inc. (The)(a)(b) |
352,327 | 5,313,091 | ||||||
Mayville Engineering Co. Inc.(a)(b) |
91,712 | 859,342 | ||||||
Meritor Inc.(a) |
106,420 | 3,785,359 | ||||||
Miller Industries Inc./TN |
104,740 | 2,949,478 | ||||||
Mueller Industries Inc. |
352,186 | 19,077,916 | ||||||
Mueller Water Products Inc., Class A |
1,472,676 | 19,026,974 | ||||||
NN Inc.(a)(b) |
430,835 | 1,240,805 | ||||||
Park-Ohio Holdings Corp. |
86,262 | 1,213,706 | ||||||
Proto Labs Inc.(a)(b) |
238,861 | 12,635,747 | ||||||
RBC Bearings Inc.(a)(b) |
244,530 | 47,409,476 | ||||||
REV Group Inc. |
299,630 | 4,015,042 | ||||||
SPX Corp.(a) |
72,824 | 3,598,234 | ||||||
SPX FLOW Inc. |
394,179 | 33,986,113 | ||||||
Standex International Corp. |
122,265 | 12,216,719 | ||||||
Titan International Inc.(a) |
442,996 | 6,525,331 | ||||||
Trinity Industries Inc. |
789,257 | 27,118,871 | ||||||
Wabash National Corp. |
463,798 | 6,882,762 | ||||||
Watts Water Technologies Inc., Class A |
124,061 | 17,317,675 | ||||||
|
|
|||||||
465,680,727 | ||||||||
Marine — 0.5% | ||||||||
Costamare Inc. |
542,903 | 9,256,496 | ||||||
Eagle Bulk Shipping Inc. |
92,301 | 6,286,621 | ||||||
Genco Shipping & Trading Ltd. |
330,666 | 7,810,331 | ||||||
Matson Inc. |
425,262 | 51,295,103 | ||||||
Safe Bulkers Inc. |
652,033 | 3,103,677 | ||||||
|
|
|||||||
77,752,228 |
Security | Shares | Value | ||||||
Media — 1.4% |
||||||||
Advantage Solutions Inc.(a)(b) |
778,290 | $ | 4,965,490 | |||||
AMC Networks Inc., Class A(a)(b) |
147,228 | 5,981,874 | ||||||
Audacy Inc.(a) |
1,200,446 | 3,469,289 | ||||||
Boston Omaha Corp., Class A(a)(b) |
209,231 | 5,308,190 | ||||||
Clear Channel Outdoor Holdings Inc.(a) |
3,391,723 | 11,735,361 | ||||||
comScore Inc.(a)(b) |
724,568 | 2,108,493 | ||||||
Daily Journal Corp.(a)(b) |
12,263 | 3,825,933 | ||||||
Emerald Holding Inc.(a)(b) |
273,145 | 928,693 | ||||||
Entravision Communications Corp., Class A |
627,219 | 4,020,474 | ||||||
EW Scripps Co. (The), Class A(a) |
586,810 | 12,199,780 | ||||||
Fluent Inc.(a)(b) |
447,661 | 931,135 | ||||||
Gannett Co. Inc.(a)(b) |
1,439,911 | 6,493,999 | ||||||
Gray Television Inc. |
865,302 | 19,097,215 | ||||||
Hemisphere Media Group Inc.(a)(b) |
167,916 | 767,376 | ||||||
iHeartMedia Inc., Class A(a)(b) |
623,188 | 11,796,949 | ||||||
Integral Ad Science Holding Corp.(a) |
175,276 | 2,418,809 | ||||||
John Wiley & Sons Inc., Class A |
440,969 | 23,384,586 | ||||||
National CineMedia Inc. |
540,297 | 1,372,354 | ||||||
Scholastic Corp. |
281,963 | 11,357,470 | ||||||
Sinclair Broadcast Group Inc., Class A |
398,492 | 11,165,746 | ||||||
Stagwell Inc.(a)(b) |
576,582 | 4,174,454 | ||||||
TEGNA Inc. |
2,253,210 | 50,471,904 | ||||||
Thryv Holdings Inc.(a)(b) |
16,001 | 449,948 | ||||||
WideOpenWest Inc.(a)(b) |
200,824 | 3,502,370 | ||||||
|
|
|||||||
201,927,892 | ||||||||
Metals & Mining — 1.9% | ||||||||
Allegheny Technologies Inc.(a)(b) |
508,667 | 13,652,622 | ||||||
Arconic Corp.(a)(b) |
1,091,206 | 27,956,698 | ||||||
Carpenter Technology Corp. |
485,976 | 20,401,273 | ||||||
Century Aluminum Co.(a) |
498,912 | 13,126,375 | ||||||
Coeur Mining Inc.(a)(b) |
831,194 | 3,698,813 | ||||||
Commercial Metals Co. |
1,227,479 | 51,087,676 | ||||||
Constellium SE(a) |
1,261,179 | 22,701,222 | ||||||
Ferroglobe PLC |
532,035 | 5 | ||||||
Gatos Silver Inc.(a)(b) |
81,156 | 350,594 | ||||||
Haynes International Inc. |
125,758 | 5,357,291 | ||||||
Hecla Mining Co. |
3,827,826 | 25,148,817 | ||||||
Kaiser Aluminum Corp. |
141,770 | 13,349,063 | ||||||
Materion Corp. |
127,404 | 10,923,619 | ||||||
Olympic Steel Inc. |
97,068 | 3,733,235 | ||||||
PolyMet Mining Corp.(a)(b) |
165,564 | 693,713 | ||||||
Ryerson Holding Corp. |
62,654 | 2,194,143 | ||||||
Schnitzer Steel Industries Inc., Class A |
246,046 | 12,779,629 | ||||||
SunCoke Energy Inc. |
843,352 | 7,514,266 | ||||||
TimkenSteel Corp.(a)(b) |
471,617 | 10,318,980 | ||||||
Warrior Met Coal Inc. |
473,837 | 17,584,091 | ||||||
Worthington Industries Inc. |
336,118 | 17,279,827 | ||||||
|
|
|||||||
279,851,952 | ||||||||
Mortgage Real Estate Investment — 2.4% | ||||||||
AFC Gamma Inc. |
146,814 | 2,807,084 | ||||||
Angel Oak Mortgage Inc. |
89,139 | 1,462,771 | ||||||
Apollo Commercial Real Estate Finance Inc. |
1,434,701 | 19,985,385 | ||||||
Arbor Realty Trust Inc. |
1,474,110 | 25,148,317 | ||||||
Ares Commercial Real Estate Corp. |
426,410 | 6,617,883 | ||||||
ARMOUR Residential REIT Inc. |
903,751 | 7,591,508 | ||||||
Blackstone Mortgage Trust Inc., Class A |
1,611,697 | 51,235,848 | ||||||
BrightSpire Capital Inc. |
854,402 | 7,903,219 | ||||||
Broadmark Realty Capital Inc. |
1,299,590 | 11,241,453 | ||||||
Chicago Atlantic Real Estate Finance Inc., NVS |
54,469 | 965,735 |
110 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
|
||||||||
Mortgage Real Estate Investment (continued) | ||||||||
Chimera Investment Corp. |
2,404,150 | $ | 28,945,966 | |||||
Dynex Capital Inc. |
357,336 | 5,788,843 | ||||||
Ellington Financial Inc. |
543,274 | 9,643,114 | ||||||
Franklin BSP Realty Trust Inc. |
368,087 | 5,145,856 | ||||||
Granite Point Mortgage Trust Inc. |
548,304 | 6,097,140 | ||||||
Great Ajax Corp. |
208,595 | 2,446,819 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital Inc. |
739,145 | 35,057,647 | ||||||
Invesco Mortgage Capital Inc. |
3,232,467 | 7,370,025 | ||||||
KKR Real Estate Finance Trust Inc. |
363,613 | 7,494,064 | ||||||
Ladder Capital Corp. |
1,148,810 | 13,636,375 | ||||||
MFA Financial Inc. |
4,510,612 | 18,177,766 | ||||||
New York Mortgage Trust Inc. |
3,857,254 | 14,078,977 | ||||||
Orchid Island Capital Inc. |
1,404,994 | 4,566,231 | ||||||
PennyMac Mortgage Investment Trust |
795,551 | 13,436,856 | ||||||
Ready Capital Corp. |
680,775 | 10,252,472 | ||||||
Redwood Trust Inc. |
1,179,324 | 12,418,282 | ||||||
TPG RE Finance Trust Inc. |
612,702 | 7,236,011 | ||||||
Two Harbors Investment Corp. |
3,498,404 | 19,346,174 | ||||||
|
|
|||||||
356,097,821 | ||||||||
Multi-Utilities — 0.9% | ||||||||
Avista Corp. |
733,071 | 33,098,156 | ||||||
Black Hills Corp. |
653,376 | 50,323,020 | ||||||
NorthWestern Corp. |
555,284 | 33,589,129 | ||||||
Unitil Corp. |
158,863 | 7,924,086 | ||||||
|
|
|||||||
124,934,391 | ||||||||
Multiline Retail — 0.8% | ||||||||
Big Lots Inc. |
309,389 | 10,704,859 | ||||||
Dillard’s Inc., Class A(b) |
55,515 | 14,899,671 | ||||||
Franchise Group Inc. |
251,236 | 10,408,708 | ||||||
Macy’s Inc. |
3,075,094 | 74,909,290 | ||||||
|
|
|||||||
110,922,528 | ||||||||
Oil, Gas & Consumable Fuels — 7.6% | ||||||||
Aemetis Inc.(a)(b) |
280,568 | 3,554,797 | ||||||
Alto Ingredients Inc.(a)(b) |
763,781 | 5,208,986 | ||||||
Antero Resources Corp.(a)(b) |
2,566,018 | 78,340,530 | ||||||
Arch Resources Inc.(b) |
123,709 | 16,995,142 | ||||||
Berry Corp. |
686,530 | 7,084,990 | ||||||
Brigham Minerals Inc., Class A |
449,456 | 11,483,601 | ||||||
California Resources Corp. |
829,786 | 37,116,328 | ||||||
Callon Petroleum Co.(a) |
67,128 | 3,965,922 | ||||||
Centennial Resource Development Inc./DE, Class A(a) |
1,652,397 | 13,334,844 | ||||||
Centrus Energy Corp., Class A(a)(b) |
100,810 | 3,397,297 | ||||||
Chesapeake Energy Corp. |
1,009,195 | 87,799,965 | ||||||
Civitas Resources Inc. |
376,271 | 22,467,141 | ||||||
Clean Energy Fuels Corp.(a)(b) |
1,590,011 | 12,624,687 | ||||||
CNX Resources Corp.(a)(b) |
2,050,376 | 42,483,791 | ||||||
Comstock Resources Inc.(a)(b) |
939,642 | 12,262,328 | ||||||
CONSOL Energy Inc.(a) |
348,418 | 13,110,969 | ||||||
CVR Energy Inc. |
311,495 | 7,955,582 | ||||||
Delek U.S. Holdings Inc.(a) |
686,091 | 14,558,851 | ||||||
DHT Holdings Inc. |
1,440,351 | 8,354,036 | ||||||
Dorian LPG Ltd. |
264,873 | 3,838,010 | ||||||
Earthstone Energy Inc., Class A(a)(b) |
259,390 | 3,276,096 | ||||||
Energy Fuels Inc./Canada(a)(b) |
227,740 | 2,083,821 | ||||||
Equitrans Midstream Corp. |
4,184,246 | 35,315,036 | ||||||
Escrow PetroCorp.(a)(c) |
19,086 | — | ||||||
Falcon Minerals Corp. |
68,102 | 459,007 |
Security | Shares | Value | ||||||
|
||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||
Frontline Ltd./Bermuda(a) |
1,273,445 | $ | 11,206,316 | |||||
Gevo Inc.(a)(b) |
2,053,397 | 9,609,898 | ||||||
Golar LNG Ltd.(a)(b) |
1,046,052 | 25,921,169 | ||||||
Green Plains Inc.(a)(b) |
384,107 | 11,911,158 | ||||||
HighPeak Energy Inc.(b) |
53,132 | 1,179,530 | ||||||
International Seaways Inc. |
467,250 | 8,429,190 | ||||||
Kinetik Holdings Inc. |
31,686 | 2,059,907 | ||||||
Laredo Petroleum Inc.(a)(b) |
93,047 | 7,363,740 | ||||||
Murphy Oil Corp. |
1,497,705 | 60,492,305 | ||||||
Nordic American Tankers Ltd. |
1,699,180 | 3,619,253 | ||||||
Northern Oil and Gas Inc. |
625,937 | 17,645,164 | ||||||
Oasis Petroleum Inc. |
29,879 | 4,371,298 | ||||||
Ovintiv Inc. |
2,529,009 | 136,743,517 | ||||||
Par Pacific Holdings Inc.(a) |
82,350 | 1,072,197 | ||||||
PBF Energy Inc., Class A(a) |
983,992 | 23,979,885 | ||||||
PDC Energy Inc. |
996,368 | 72,416,026 | ||||||
Peabody Energy Corp.(a)(b) |
909,422 | 22,308,122 | ||||||
Range Resources Corp.(a) |
2,439,409 | 74,109,245 | ||||||
Ranger Oil Corp.(a) |
217,426 | 7,507,720 | ||||||
Renewable Energy Group Inc.(a) |
456,639 | 27,695,155 | ||||||
REX American Resources Corp.(a) |
55,671 | 5,544,832 | ||||||
Riley Exploration Permian Inc. |
97,463 | 2,444,372 | ||||||
Scorpio Tankers Inc. |
501,514 | 10,722,369 | ||||||
SFL Corp. Ltd. |
1,274,190 | 12,971,254 | ||||||
SM Energy Co. |
1,227,449 | 47,809,139 | ||||||
Talos Energy Inc.(a) |
322,715 | 5,095,670 | ||||||
Teekay Corp.(a)(b) |
705,720 | 2,237,132 | ||||||
Teekay Tankers Ltd., Class A(a)(b) |
245,924 | 3,403,588 | ||||||
Ur-Energy Inc.(a)(b) |
140,775 | 225,240 | ||||||
W&T Offshore Inc.(a)(b) |
964,648 | 3,684,955 | ||||||
Whiting Petroleum Corp. |
402,772 | 32,829,946 | ||||||
World Fuel Services Corp. |
649,114 | 17,552,043 | ||||||
|
|
|||||||
1,121,233,092 | ||||||||
Paper & Forest Products — 0.2% | ||||||||
Clearwater Paper Corp.(a)(b) |
167,628 | 4,698,613 | ||||||
Glatfelter Corp. |
449,763 | 5,568,066 | ||||||
Neenah Inc. |
173,844 | 6,894,653 | ||||||
Schweitzer-Mauduit International Inc. |
313,883 | 8,631,782 | ||||||
|
|
|||||||
25,793,114 | ||||||||
Personal Products — 0.3% | ||||||||
Beauty Health Co. (The)(a)(b) |
74,227 | 1,252,952 | ||||||
BellRing Brands Inc.(a)(b) |
392,338 | 9,055,161 | ||||||
Edgewell Personal Care Co. |
554,809 | 20,344,846 | ||||||
Honest Co. Inc. (The)(a)(b) |
247,884 | 1,291,476 | ||||||
Nature’s Sunshine Products Inc.(a) |
111,891 | 1,882,006 | ||||||
NewAge Inc.(a)(b) |
573,109 | 332,976 | ||||||
Nu Skin Enterprises Inc., Class A |
281,083 | 13,458,254 | ||||||
Revlon Inc., Class A(a)(b) |
69,512 | 560,962 | ||||||
Thorne HealthTech Inc.(a)(b) |
22,919 | 145,765 | ||||||
Veru Inc.(a)(b) |
177,366 | 856,678 | ||||||
|
|
|||||||
49,181,076 | ||||||||
Pharmaceuticals — 0.8% | ||||||||
Amphastar Pharmaceuticals Inc.(a)(b) |
262,584 | 9,426,766 | ||||||
Amylyx Pharmaceuticals Inc.(a)(b) |
40,206 | 516,647 | ||||||
ANI Pharmaceuticals Inc.(a) |
113,453 | 3,189,164 | ||||||
Atea Pharmaceuticals Inc.(a) |
598,231 | 4,319,228 | ||||||
Athira Pharma Inc.(a)(b) |
326,869 | 4,412,731 | ||||||
Cara Therapeutics Inc.(a)(b) |
460,859 | 5,599,437 | ||||||
CinCor Pharma Inc.(a)(b) |
47,246 | 828,695 |
S C H E D U L E O F I N V E S T M E N T S |
111 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
|
||||||||
Pharmaceuticals (continued) | ||||||||
Citius Pharmaceuticals Inc.(a)(b) |
1,278,004 | $ | 2,287,627 | |||||
CorMedix Inc.(a)(b) |
361,906 | 1,983,245 | ||||||
Cymabay Therapeutics Inc.(a) |
820,313 | 2,551,173 | ||||||
DICE Therapeutics Inc.(a)(b) |
64,991 | 1,243,278 | ||||||
Endo International PLC(a)(b) |
2,334,208 | 5,392,020 | ||||||
EyePoint Pharmaceuticals Inc.(a)(b) |
251,883 | 3,060,378 | ||||||
Fulcrum Therapeutics Inc.(a) |
282,684 | 6,685,477 | ||||||
Ikena Oncology Inc.(a)(b) |
248,281 | 1,514,514 | ||||||
Innoviva Inc.(a) |
386,884 | 7,486,205 | ||||||
Kala Pharmaceuticals Inc.(a)(b) |
162,929 | 224,842 | ||||||
KemPharm Inc.(a)(b) |
174,287 | 876,664 | ||||||
NGM Biopharmaceuticals Inc.(a) |
286,221 | 4,364,870 | ||||||
Nuvation Bio Inc.(a)(b) |
248,910 | 1,309,267 | ||||||
Pliant Therapeutics Inc.(a) |
22,780 | 159,688 | ||||||
Prestige Consumer Healthcare Inc.(a) |
512,576 | 27,135,773 | ||||||
Provention Bio Inc.(a)(b) |
563,655 | 4,125,955 | ||||||
Rain Therapeutics Inc.(a)(b) |
48,000 | 243,360 | ||||||
Reata Pharmaceuticals Inc., Class A(a)(b) |
36,623 | 1,199,769 | ||||||
Supernus Pharmaceuticals Inc.(a)(b) |
503,937 | 16,287,244 | ||||||
Tarsus Pharmaceuticals Inc.(a)(b) |
19,240 | 323,617 | ||||||
Terns Pharmaceuticals Inc.(a)(b) |
35,399 | 105,135 | ||||||
Theravance Biopharma Inc.(a) |
48,551 | 464,148 | ||||||
Theseus Pharmaceuticals Inc.(a)(b) |
44,306 | 510,848 | ||||||
Ventyx Biosciences Inc.(a)(b) |
40,824 | 553,982 | ||||||
|
|
|||||||
118,381,747 | ||||||||
Professional Services — 1.2% | ||||||||
Acacia Research Corp.(a)(b) |
499,110 | 2,250,986 | ||||||
ASGN Inc.(a) |
55,412 | 6,467,135 | ||||||
Atlas Technical Consultants Inc.(a)(b) |
127,981 | 1,540,891 | ||||||
Barrett Business Services Inc. |
77,182 | 5,979,290 | ||||||
CBIZ Inc.(a)(b) |
501,970 | 21,067,681 | ||||||
CRA International Inc. |
11,524 | 971,012 | ||||||
First Advantage Corp.(a)(b) |
47,690 | 962,861 | ||||||
Heidrick & Struggles International Inc. |
115,313 | 4,564,089 | ||||||
HireQuest Inc. |
7,512 | 143,629 | ||||||
HireRight Holdings Corp.(a)(b) |
124,305 | 2,125,615 | ||||||
Huron Consulting Group Inc.(a) |
196,298 | 8,992,411 | ||||||
ICF International Inc. |
187,462 | 17,647,673 | ||||||
KBR Inc. |
179,395 | 9,818,288 | ||||||
Kelly Services Inc., Class A, NVS |
361,145 | 7,833,235 | ||||||
Korn Ferry |
548,486 | 35,618,681 | ||||||
ManTech International Corp./VA, Class A |
280,654 | 24,189,568 | ||||||
Mistras Group Inc.(a)(b) |
202,913 | 1,341,255 | ||||||
Resources Connection Inc. |
324,693 | 5,565,238 | ||||||
Sterling Check Corp.(a)(b) |
93,684 | 2,476,068 | ||||||
TrueBlue Inc.(a)(b) |
357,174 | 10,318,757 | ||||||
Willdan Group Inc.(a)(b) |
22,852 | 701,328 | ||||||
|
|
|||||||
170,575,691 | ||||||||
Real Estate Management & Development — 0.6% | ||||||||
Douglas Elliman Inc., NVS(b) |
645,136 | 4,709,493 | ||||||
Forestar Group Inc.(a)(b) |
124,980 | 2,219,645 | ||||||
FRP Holdings Inc.(a)(b) |
68,377 | 3,952,191 | ||||||
Kennedy-Wilson Holdings Inc. |
1,215,432 | 29,644,386 | ||||||
Marcus & Millichap Inc. |
217,843 | 11,475,969 | ||||||
RE/MAX Holdings Inc., Class A |
193,799 | 5,374,046 | ||||||
Realogy Holdings Corp.(a)(b) |
1,176,676 | 18,450,280 | ||||||
RMR Group Inc. (The), Class A |
141,808 | 4,410,229 | ||||||
Tejon Ranch Co.(a) |
211,905 | 3,869,385 | ||||||
|
|
|||||||
84,105,624 |
Security | Shares | Value | ||||||
|
||||||||
Road & Rail — 1.2% | ||||||||
ArcBest Corp. |
257,932 | $ | 20,763,526 | |||||
Avis Budget Group Inc.(a)(b) |
422,405 | 111,219,237 | ||||||
Covenant Logistics Group Inc., Class A |
123,627 | 2,661,689 | ||||||
Heartland Express Inc. |
477,221 | 6,714,499 | ||||||
Marten Transport Ltd. |
605,696 | 10,757,161 | ||||||
PAM Transportation Services Inc.(a)(b) |
62,985 | 2,188,729 | ||||||
U.S. Xpress Enterprises Inc., Class A(a)(b) |
281,953 | 1,093,978 | ||||||
Universal Logistics Holdings Inc.(b) |
14,501 | 292,195 | ||||||
Werner Enterprises Inc. |
545,849 | 22,379,809 | ||||||
Yellow Corp.(a)(b) |
491,134 | 3,442,849 | ||||||
|
|
|||||||
181,513,672 | ||||||||
Semiconductors & Semiconductor Equipment — 1.0% | ||||||||
Alpha & Omega Semiconductor Ltd.(a) |
38,615 | 2,110,310 | ||||||
Amkor Technology Inc. |
825,313 | 17,925,798 | ||||||
AXT Inc.(a)(b) |
405,958 | 2,849,825 | ||||||
Cohu Inc.(a) |
66,127 | 1,957,359 | ||||||
Credo Technology Group Holdings(a)(b) |
59,405 | 904,738 | ||||||
Diodes Inc.(a) |
100,406 | 8,734,318 | ||||||
FormFactor Inc.(a)(b) |
97,643 | 4,103,935 | ||||||
Ichor Holdings Ltd.(a)(b) |
101,748 | 3,624,264 | ||||||
NeoPhotonics Corp.(a) |
536,350 | 8,157,884 | ||||||
NVE Corp. |
1,571 | 85,572 | ||||||
Onto Innovation Inc.(a)(b) |
339,507 | 29,499,763 | ||||||
PDF Solutions Inc.(a) |
309,627 | 8,629,305 | ||||||
Photronics Inc.(a) |
605,568 | 10,276,489 | ||||||
Rambus Inc.(a)(b) |
1,103,333 | 35,185,289 | ||||||
SkyWater Technology Inc.(a)(b) |
14,343 | 155,335 | ||||||
SunPower Corp.(a)(b) |
165,318 | 3,551,031 | ||||||
Veeco Instruments Inc.(a)(b) |
510,274 | 13,874,350 | ||||||
|
|
|||||||
151,625,565 | ||||||||
Software — 1.3% | ||||||||
A10 Networks Inc. |
103,793 | 1,447,912 | ||||||
Agilysys Inc.(a) |
23,289 | 928,765 | ||||||
Alkami Technology Inc.(a)(b) |
19,661 | 281,349 | ||||||
American Software Inc./GA, Class A |
70,903 | 1,477,619 | ||||||
Arteris Inc.(a)(b) |
17,836 | 231,868 | ||||||
Asana Inc., Class A(a)(b) |
62,598 | 2,502,042 | ||||||
AvidXchange Holdings Inc.(a)(b) |
39,931 | 321,445 | ||||||
Benefitfocus Inc.(a) |
67,406 | 850,664 | ||||||
Bottomline Technologies DE Inc.(a) |
374,179 | 21,208,466 | ||||||
ChannelAdvisor Corp.(a) |
92,076 | 1,525,699 | ||||||
Cleanspark Inc.(a)(b) |
407,172 | 5,036,718 | ||||||
Couchbase Inc.(a)(b) |
61,332 | 1,068,403 | ||||||
CS Disco Inc.(a)(b) |
88,319 | 3,000,196 | ||||||
E2open Parent Holdings Inc.(a)(b) |
2,021,813 | 17,812,173 | ||||||
Ebix Inc. |
273,362 | 9,061,950 | ||||||
eGain Corp.(a) |
120,985 | 1,401,006 | ||||||
Enfusion Inc., Class A(a)(b) |
59,023 | 750,773 | ||||||
EngageSmart Inc.(a)(b) |
38,074 | 811,357 | ||||||
Envestnet Inc.(a)(b) |
35,967 | 2,677,384 | ||||||
EverCommerce Inc.(a)(b) |
70,987 | 937,028 | ||||||
GTY Technology Holdings Inc.(a)(b) |
339,500 | 1,096,585 | ||||||
Instructure Holdings Inc.(a)(b) |
100,790 | 2,021,847 | ||||||
Intapp Inc.(a)(b) |
34,772 | 834,876 | ||||||
InterDigital Inc. |
189,436 | 12,086,017 | ||||||
Kaltura Inc.(a) |
252,167 | 451,379 | ||||||
Marathon Digital Holdings Inc.(a)(b) |
915,875 | 25,598,706 | ||||||
MeridianLink Inc.(a)(b) |
51,178 | 926,322 | ||||||
Model N Inc.(a) |
29,966 | 806,085 |
112 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
|
||||||||
Software (continued) | ||||||||
ON24 Inc.(a) |
93,598 | $ | 1,230,814 | |||||
Ping Identity Holding Corp.(a)(b) |
622,154 | 17,065,684 | ||||||
Rekor Systems Inc.(a)(b) |
113,136 | 515,900 | ||||||
SecureWorks Corp., Class A(a) |
101,746 | 1,348,135 | ||||||
Smith Micro Software Inc.(a)(b) |
460,358 | 1,735,550 | ||||||
Stronghold Digital Mining Inc.(a)(b) |
18,311 | 107,119 | ||||||
UserTesting Inc.(a)(b) |
21,399 | 228,755 | ||||||
Verint Systems Inc.(a)(b) |
659,302 | 34,085,913 | ||||||
VirnetX Holding Corp.(a)(b) |
625,855 | 1,020,144 | ||||||
Weave Communications Inc.(a)(b) |
37,768 | 225,097 | ||||||
Xperi Holding Corp. |
1,062,504 | 18,402,569 | ||||||
|
|
|||||||
193,120,314 | ||||||||
Specialty Retail — 1.6% | ||||||||
Aaron’s Co. Inc. (The) |
323,714 | 6,500,177 | ||||||
Abercrombie & Fitch Co., Class A(a) |
524,505 | 16,778,915 | ||||||
Academy Sports & Outdoors Inc.(b) |
804,076 | 31,680,594 | ||||||
America’s Car-Mart Inc./TX(a)(b) |
9,706 | 781,915 | ||||||
Barnes & Noble Education Inc.(a) |
458,039 | 1,639,780 | ||||||
Bed Bath & Beyond Inc.(a) |
880,074 | 19,828,067 | ||||||
Big 5 Sporting Goods Corp. |
213,754 | 3,665,881 | ||||||
Buckle Inc. (The) |
15,252 | 503,926 | ||||||
CarLotz Inc.(a)(b) |
703,806 | 964,214 | ||||||
Cato Corp. (The), Class A |
195,184 | 2,861,397 | ||||||
Chico’s FAS Inc.(a)(b) |
970,677 | 4,659,250 | ||||||
Conn’s Inc.(a)(b) |
186,736 | 2,877,602 | ||||||
Container Store Group Inc. (The)(a)(b) |
334,188 | 2,730,316 | ||||||
Genesco Inc.(a)(b) |
146,808 | 9,338,457 | ||||||
Group 1 Automotive Inc. |
169,313 | 28,415,801 | ||||||
Guess? Inc.(b) |
356,371 | 7,786,706 | ||||||
Haverty Furniture Companies Inc. |
95,269 | 2,612,276 | ||||||
Hibbett Inc. |
23,700 | 1,050,858 | ||||||
Lazydays Holdings Inc.(a)(b) |
82,246 | 1,659,724 | ||||||
LL Flooring Holdings Inc.(a)(b) |
289,343 | 4,056,589 | ||||||
MarineMax Inc.(a)(b) |
101,603 | 4,090,537 | ||||||
Monro Inc. |
128,686 | 5,705,937 | ||||||
ODP Corp. (The)(a) |
468,793 | 21,484,783 | ||||||
Rent-A-Center Inc./TX |
44,841 | 1,129,545 | ||||||
Shift Technologies Inc.(a)(b) |
499,655 | 1,099,241 | ||||||
Shoe Carnival Inc. |
16,362 | 477,116 | ||||||
Signet Jewelers Ltd. |
120,313 | 8,746,755 | ||||||
Sleep Number Corp.(a)(b) |
117,490 | 5,957,918 | ||||||
Sonic Automotive Inc., Class A |
221,077 | 9,397,983 | ||||||
Tilly’s Inc., Class A |
238,158 | 2,229,159 | ||||||
Torrid Holdings Inc.(a)(b) |
135,296 | 819,894 | ||||||
TravelCenters of America Inc.(a) |
129,102 | 5,546,222 | ||||||
Urban Outfitters Inc.(a)(b) |
205,433 | 5,158,423 | ||||||
Winmark Corp. |
22,591 | 4,970,020 | ||||||
Zumiez Inc.(a)(b) |
200,065 | 7,644,484 | ||||||
|
|
|||||||
234,850,462 | ||||||||
Technology Hardware, Storage & Peripherals — 0.1% | ||||||||
3D Systems Corp.(a) |
108,814 | 1,815,018 | ||||||
Eastman Kodak Co.(a)(b) |
15,991 | 104,741 | ||||||
Quantum Corp.(a)(b) |
630,460 | 1,431,144 | ||||||
Super Micro Computer Inc.(a) |
454,493 | 17,302,548 | ||||||
Turtle Beach Corp.(a)(b) |
28,145 | 599,207 | ||||||
|
|
|||||||
21,252,658 | ||||||||
Textiles, Apparel & Luxury Goods — 0.3% | ||||||||
Fossil Group Inc.(a) |
489,589 | 4,719,638 | ||||||
G-III Apparel Group Ltd.(a) |
451,139 | 12,203,310 |
Security | Shares | Value | ||||||
|
||||||||
Textiles, Apparel & Luxury Goods (continued) | ||||||||
Movado Group Inc. |
162,276 | $ | 6,336,878 | |||||
Oxford Industries Inc. |
151,684 | 13,727,402 | ||||||
Rocky Brands Inc. |
65,617 | 2,729,011 | ||||||
Superior Group of Companies Inc. |
90,075 | 1,607,839 | ||||||
Unifi Inc.(a) |
138,964 | 2,515,248 | ||||||
Vera Bradley Inc.(a)(b) |
266,187 | 2,041,654 | ||||||
|
|
|||||||
45,880,980 | ||||||||
Thrifts & Mortgage Finance — 2.7% | ||||||||
Axos Financial Inc.(a) |
533,216 | 24,735,890 | ||||||
Blue Foundry Bancorp(a)(b) |
270,323 | 3,662,877 | ||||||
Bridgewater Bancshares Inc.(a) |
174,194 | 2,905,556 | ||||||
Capitol Federal Financial Inc. |
1,352,142 | 14,711,305 | ||||||
Columbia Financial Inc.(a)(b) |
257,205 | 5,532,479 | ||||||
Essent Group Ltd. |
1,105,143 | 45,542,943 | ||||||
Federal Agricultural Mortgage Corp., Class C, NVS |
93,058 | 10,094,932 | ||||||
Finance
of America Companies Inc., |
203,539 | 618,758 | ||||||
Flagstar Bancorp. Inc. |
538,865 | 22,847,876 | ||||||
FS Bancorp. Inc. |
75,636 | 2,344,716 | ||||||
Hingham Institution For Savings (The) |
13,917 | 4,776,314 | ||||||
Home Bancorp. Inc. |
78,569 | 3,204,829 | ||||||
Home Point Capital Inc. |
68,484 | 212,985 | ||||||
Kearny Financial Corp./MD |
479,003 | 6,169,559 | ||||||
Luther Burbank Corp. |
158,634 | 2,108,246 | ||||||
Merchants Bancorp./IN |
152,215 | 4,167,647 | ||||||
Mr Cooper Group Inc.(a) |
630,890 | 28,812,746 | ||||||
NMI Holdings Inc., Class A(a) |
801,592 | 16,528,827 | ||||||
Northfield Bancorp. Inc. |
457,960 | 6,576,306 | ||||||
Ocwen Financial Corp.(a)(b) |
83,593 | 1,986,170 | ||||||
PCSB Financial Corp. |
130,121 | 2,486,612 | ||||||
PennyMac Financial Services Inc. |
308,175 | 16,394,910 | ||||||
Pioneer Bancorp. Inc./NY(a)(b) |
138,926 | 1,461,501 | ||||||
Provident Bancorp. Inc. |
162,223 | 2,631,257 | ||||||
Provident Financial Services Inc. |
770,669 | 18,033,655 | ||||||
Radian Group Inc. |
1,839,017 | 40,844,568 | ||||||
Southern Missouri Bancorp. Inc. |
79,848 | 3,988,408 | ||||||
TrustCo Bank Corp. NY |
193,759 | 6,186,725 | ||||||
Velocity Financial Inc.(a)(b) |
75,361 | 824,449 | ||||||
Walker & Dunlop Inc. |
267,892 | 34,670,583 | ||||||
Washington Federal Inc. |
667,660 | 21,912,601 | ||||||
Waterstone Financial Inc. |
204,674 | 3,958,395 | ||||||
WSFS Financial Corp. |
666,972 | 31,094,235 | ||||||
|
|
|||||||
392,028,860 | ||||||||
Tobacco — 0.2% | ||||||||
Universal Corp./VA |
247,083 | 14,348,110 | ||||||
Vector Group Ltd. |
1,257,537 | 15,140,745 | ||||||
|
|
|||||||
29,488,855 | ||||||||
Trading Companies & Distributors — 2.0% | ||||||||
Alta Equipment Group Inc.(a) |
153,317 | 1,894,998 | ||||||
Beacon Roofing Supply Inc.(a)(b) |
142,296 | 8,435,307 | ||||||
Boise Cascade Co. |
315,895 | 21,945,226 | ||||||
Custom Truck One Source Inc.(a)(b) |
401,850 | 3,371,521 | ||||||
DXP Enterprises Inc./TX(a) |
177,549 | 4,809,802 | ||||||
GATX Corp. |
359,948 | 44,392,387 | ||||||
Global Industrial Co. |
31,208 | 1,005,834 | ||||||
GMS Inc.(a) |
436,693 | 21,734,211 | ||||||
McGrath RentCorp |
75,491 | 6,415,225 | ||||||
MRC Global Inc.(a)(b) |
818,710 | 9,750,836 | ||||||
NOW Inc.(a) |
1,127,204 | 12,433,060 | ||||||
Rush Enterprises Inc., Class A |
431,695 | 21,977,592 |
S C H E D U L E O F I N V E S T M E N T S |
113 |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Trading Companies & Distributors (continued) | ||||||||
Rush Enterprises Inc., Class B |
73,231 | $ | 3,540,719 | |||||
Textainer Group Holdings Ltd. |
416,217 | 15,845,381 | ||||||
Titan Machinery Inc.(a) |
200,621 | 5,669,549 | ||||||
Triton International Ltd. |
682,282 | 47,882,551 | ||||||
Veritiv Corp.(a)(b) |
146,774 | 19,607,539 | ||||||
WESCO International Inc.(a)(b) |
374,558 | 48,744,978 | ||||||
Willis Lease Finance Corp.(a)(b) |
25,304 | 814,536 | ||||||
|
|
|||||||
300,271,252 | ||||||||
Water Utilities — 0.6% | ||||||||
American States Water Co. |
181,307 | 16,139,949 | ||||||
Artesian Resources Corp., Class A, NVS |
79,131 | 3,841,810 | ||||||
Cadiz Inc.(a) |
183,268 | 379,365 | ||||||
California Water Service Group |
536,112 | 31,780,719 | ||||||
Middlesex Water Co. |
113,440 | 11,930,485 | ||||||
Pure Cycle Corp.(a)(b) |
23,368 | 280,883 | ||||||
SJW Group |
281,624 | 19,595,398 | ||||||
York Water Co. (The) |
50,871 | 2,287,669 | ||||||
|
|
|||||||
86,236,278 | ||||||||
Wireless Telecommunication Services — 0.3% | ||||||||
Gogo Inc.(a)(b) |
561,037 | 10,693,365 | ||||||
Shenandoah Telecommunications Co. |
323,855 | 7,636,501 | ||||||
Telephone and Data Systems Inc. |
1,032,470 | 19,493,034 | ||||||
U.S. Cellular Corp.(a) |
155,213 | 4,692,089 | ||||||
|
|
|||||||
42,514,989 | ||||||||
|
|
|||||||
Total
Common Stocks — 99.8% |
|
14,630,748,876 | ||||||
|
|
|||||||
Rights |
||||||||
Technology Hardware, Storage & Peripherals — 0.0% | ||||||||
Right
Quantum Corp., NVS |
640,176 | 5,410 | ||||||
|
|
|||||||
Total
Rights — 0.0% |
5,410 | |||||||
|
|
Security | Shares | Value | ||||||
Warrants |
||||||||
Oil, Gas & Consumable Fuels — 0.0% | ||||||||
Whiting
Petroleum Corp., |
42,563 | $ | 872,541 | |||||
Whiting
Petroleum Corp., |
21,281 | 317,300 | ||||||
|
|
|||||||
1,189,841 | ||||||||
|
|
|||||||
Total
Warrants — 0.0% |
1,189,841 | |||||||
|
|
|||||||
Short-Term Investments |
||||||||
Money Market Funds — 6.5% | ||||||||
BlackRock
Cash Funds: Institutional, |
933,139,211 | 932,952,583 | ||||||
BlackRock
Cash Funds: Treasury, |
12,620,000 | 12,620,000 | ||||||
|
|
|||||||
945,572,583 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 6.5% |
945,572,583 | |||||||
|
|
|||||||
Total
Investments in Securities — 106.3% |
|
15,577,516,710 | ||||||
Other Assets, Less Liabilities — (6.3)% |
(919,516,242 | ) | ||||||
|
|
|||||||
Net Assets — 100.0% |
$ | 14,658,000,468 | ||||||
|
|
(a) |
Non-income producing security. |
(b) |
All or a portion of this security is on loan. |
(c) |
Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(d) |
Affiliate of the Fund. |
(e) |
Annualized 7-day yield as of period end. |
(f) |
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 year ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value
at 03/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value
at 03/31/22 |
Shares Held at 03/31/22 |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||
|
BlackRock Cash Funds:
Institutional, |
$ | 911,918,766 | $ | 21,765,411 | (a) | $ | — | $ | (310,180 | ) | $ | (421,414 | ) | $ | 932,952,583 | 933,139,211 | $ | 5,215,603 | (b) | $ | — | ||||||||||||||||||
BlackRock
Cash Funds: Treasury, |
5,210,000 | 7,410,000 | (a) | — | — | — | 12,620,000 | 12,620,000 | 5,219 | — | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
$ | (310,180 | ) | $ | (421,414 | ) | $ | 945,572,583 | $ | 5,220,822 | $ | — | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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. |
114 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) March 31, 2022 |
iShares® Russell 2000 Value 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 |
||||||||||||||||
Russell 2000 E-Mini Index |
263 | 06/17/22 | $ | 27,173 | $ | 548,139 | ||||||||||
|
|
Derivative Financial Instruments Categorized by Risk Exposure
As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:
|
||||
Equity Contracts |
||||
|
||||
Assets — Derivative Financial Instruments |
||||
Futures contracts |
||||
Unrealized appreciation on futures contracts(a) |
$ | 548,139 | ||
|
|
(a) |
Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss). |
For the period ended March 31, 2022, the effect of derivative financial instruments in the Statements of Operations was as follows:
|
||||
Equity Contracts |
||||
|
||||
Net Realized Gain (Loss) from: |
||||
Futures contracts |
$ | (3,364,075 | ) | |
|
|
|||
Net Change in Unrealized Appreciation (Depreciation) on: |
||||
Futures contracts |
$ | 540,942 | ||
|
|
Average Quarterly Balances of Outstanding Derivative Financial Instruments
Futures contracts: |
||||
Average notional value of contracts — long |
$ | 34,280,386 |
For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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 | |||||||||||||
|
||||||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Common Stocks |
$ | 14,630,294,365 | $ | 396,971 | $ | 57,540 | $ | 14,630,748,876 | ||||||||
Rights |
— | 5,410 | — | 5,410 | ||||||||||||
Warrants |
1,189,841 | — | — | 1,189,841 | ||||||||||||
Money Market Funds |
945,572,583 | — | — | 945,572,583 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 15,577,056,789 | $ | 402,381 | $ | 57,540 | $ | 15,577,516,710 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Derivative financial instruments(a) |
||||||||||||||||
Assets |
||||||||||||||||
Futures Contracts |
$ | 548,139 | $ | — | $ | — | $ | 548,139 | ||||||||
|
|
|
|
|
|
|
|
(a) |
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
See notes to financial statements.
S C H E D U L E O F I N V E S T M E N T S |
115 |
Statements of Assets and Liabilities
March 31, 2022
iShares Russell Top 200 ETF |
iShares Russell Top 200 Growth ETF |
iShares Russell Top 200 Value ETF |
iShares Russell 1000 ETF |
|||||||||||||
|
||||||||||||||||
ASSETS |
||||||||||||||||
Investments in securities, at value (including securities on loan)(a): |
||||||||||||||||
Unaffiliated(b) |
$ | 1,036,582,848 | $ | 4,813,356,235 | $ | 1,274,548,199 | $ | 30,273,913,433 | ||||||||
Affiliated(c) |
5,239,493 | 15,092,531 | 13,268,688 | 509,992,962 | ||||||||||||
Cash |
31,539 | — | 37,366 | 400,718 | ||||||||||||
Cash pledged: |
||||||||||||||||
Futures contracts |
85,000 | 346,000 | 132,000 | 3,494,000 | ||||||||||||
Receivables: |
||||||||||||||||
Investments sold |
— | 3,430 | — | — | ||||||||||||
Securities lending income — Affiliated |
529 | 1,950 | 1,465 | 104,173 | ||||||||||||
Capital shares sold |
— | 150,217 | 10,137 | 239,068 | ||||||||||||
Dividends |
551,585 | 1,183,025 | 1,154,859 | 19,390,442 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total assets |
1,042,490,994 | 4,830,133,388 | 1,289,152,714 | 30,807,534,796 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
LIABILITIES |
||||||||||||||||
Bank overdraft |
— | 2,344 | — | — | ||||||||||||
Collateral on securities loaned, at value |
250,008 | 8,927,444 | 1,183,196 | 382,077,660 | ||||||||||||
Payables: |
||||||||||||||||
Variation margin on futures contracts |
25,579 | 79,920 | 35,697 | 965,902 | ||||||||||||
Capital shares redeemed |
— | — | — | 276,366 | ||||||||||||
Investment advisory fees |
126,179 | 751,698 | 211,156 | 3,746,390 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total liabilities |
401,766 | 9,761,406 | 1,430,049 | 387,066,318 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
NET ASSETS |
$ | 1,042,089,228 | $ | 4,820,371,982 | $ | 1,287,722,665 | $ | 30,420,468,478 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
NET ASSETS CONSIST OF: |
||||||||||||||||
Paid-in capital |
$ | 842,185,697 | $ | 3,585,209,887 | $ | 1,132,345,977 | $ | 23,077,179,074 | ||||||||
Accumulated earnings |
199,903,531 | 1,235,162,095 | 155,376,688 | 7,343,289,404 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
NET ASSETS |
$ | 1,042,089,228 | $ | 4,820,371,982 | $ | 1,287,722,665 | $ | 30,420,468,478 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Shares outstanding |
9,650,000 | 30,400,000 | 18,500,000 | 121,650,000 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net asset value |
$ | 107.99 | $ | 158.56 | $ | 69.61 | $ | 250.07 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Shares authorized |
Unlimited | Unlimited | Unlimited | Unlimited | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Par value |
None | None | None | None | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
(a) Securities loaned, at value |
$ | 235,877 | $ | 8,477,052 | $ | 1,124,403 | $ | 368,370,896 | ||||||||
(b) Investments, at cost — Unaffiliated |
$ | 823,374,029 | $ | 3,486,157,968 | $ | 1,072,970,876 | $ | 22,120,860,273 | ||||||||
(c) Investments, at cost — Affiliated |
$ | 4,578,604 | $ | 15,091,337 | $ | 11,429,758 | $ | 488,650,136 |
See notes to financial statements.
116 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Statements of Assets and Liabilities (continued)
March 31, 2022
iShares Russell 1000 Growth ETF |
iShares Russell 1000 Value ETF |
iShares Russell 2000 ETF |
iShares Russell 2000 Growth ETF |
|||||||||||||
|
||||||||||||||||
ASSETS |
||||||||||||||||
Investments in securities, at value (including securities on loan)(a): |
||||||||||||||||
Unaffiliated(b) |
$ | 70,631,705,999 | $ | 57,550,890,163 | $ | 61,870,674,313 | $ | 10,816,763,897 | ||||||||
Affiliated(c) |
1,259,247,245 | 975,025,944 | 6,037,676,546 | 1,627,243,640 | ||||||||||||
Cash |
379,493 | 4,075,210 | 2,168,763 | 618,621 | ||||||||||||
Cash pledged: |
||||||||||||||||
Futures contracts |
5,870,840 | 5,424,740 | 8,140,000 | 840,000 | ||||||||||||
Receivables: |
||||||||||||||||
Investments sold |
— | — | 17,395,290 | 369,253 | ||||||||||||
Securities lending income — Affiliated |
296,163 | 170,901 | 4,538,171 | 1,374,996 | ||||||||||||
Capital shares sold |
— | 509,718 | 17,381,566 | 158,641 | ||||||||||||
Dividends |
17,980,529 | 60,101,195 | 56,235,123 | 3,274,043 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total assets |
71,915,480,269 | 58,596,197,871 | 68,014,209,772 | 12,450,643,091 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
LIABILITIES |
||||||||||||||||
Collateral on securities loaned, at value |
1,167,851,745 | 555,381,853 | 5,979,779,289 | 1,616,440,037 | ||||||||||||
Payables: |
||||||||||||||||
Investments purchased |
— | 64,887,296 | 13,451,407 | — | ||||||||||||
Variation margin on futures contracts |
1,289,154 | 1,408,492 | 1,092,072 | 139,207 | ||||||||||||
Capital shares redeemed |
871,299 | — | 56,717,383 | 1,112,333 | ||||||||||||
Investment advisory fees |
10,710,470 | 9,002,345 | 9,894,955 | 2,132,557 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total liabilities |
1,180,722,668 | 630,679,986 | 6,060,935,106 | 1,619,824,134 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
NET ASSETS |
$ | 70,734,757,601 | $ | 57,965,517,885 | $ | 61,953,274,666 | $ | 10,830,818,957 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
NET ASSETS CONSIST OF: |
||||||||||||||||
Paid-in capital |
$ | 48,169,850,143 | $ | 50,228,156,111 | $ | 89,184,002,215 | $ | 12,807,153,217 | ||||||||
Accumulated earnings (loss) |
22,564,907,458 | 7,737,361,774 | (27,230,727,549 | ) | (1,976,334,260 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
NET ASSETS |
$ | 70,734,757,601 | $ | 57,965,517,885 | $ | 61,953,274,666 | $ | 10,830,818,957 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Shares outstanding |
255,000,000 | 349,450,000 | 301,600,000 | 42,300,000 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net asset value |
$ | 277.39 | $ | 165.88 | $ | 205.42 | $ | 256.05 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Shares authorized |
Unlimited | Unlimited | Unlimited | Unlimited | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Par value |
None | None | None | None | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
(a) Securities loaned, at value |
$ | 1,122,522,200 | $ | 535,094,975 | $ | 5,695,303,735 | $ | 1,542,968,538 | ||||||||
(b) Investments, at cost — Unaffiliated |
$ | 46,309,989,557 | $ | 47,026,145,751 | $ | 79,199,215,036 | $ | 11,778,783,410 | ||||||||
(c) Investments, at cost — Affiliated |
$ | 1,259,122,285 | $ | 887,846,547 | $ | 6,037,747,097 | $ | 1,627,225,639 |
See notes to financial statements.
F I N A N C I A L S T A T E M E N T S |
117 |
Statements of Assets and Liabilities (continued)
March 31, 2022
iShares Russell 2000 Value ETF |
||||
ASSETS |
||||
Investments in securities, at value (including securities on loan)(a): |
||||
Unaffiliated(b) |
$ | 14,631,944,127 | ||
Affiliated(c) |
945,572,583 | |||
Cash |
655,173 | |||
Cash pledged: |
||||
Futures contracts |
2,007,000 | |||
Receivables: |
||||
Investments sold |
12,750,383 | |||
Securities lending income — Affiliated |
473,560 | |||
Capital shares sold |
6,349,133 | |||
Dividends |
21,276,021 | |||
|
|
|||
Total assets |
15,621,027,980 | |||
|
|
|||
LIABILITIES |
||||
Collateral on securities loaned, at value |
933,252,473 | |||
Payables: |
||||
Investments purchased |
13,813,054 | |||
Variation margin on futures contracts |
302,182 | |||
Capital shares redeemed |
12,698,265 | |||
Investment advisory fees |
2,961,538 | |||
|
|
|||
Total liabilities |
963,027,512 | |||
|
|
|||
NET ASSETS |
$ | 14,658,000,468 | ||
|
|
|||
NET ASSETS CONSIST OF: |
||||
Paid-in capital |
$ | 15,594,364,695 | ||
Accumulated loss |
(936,364,227 | ) | ||
|
|
|||
NET ASSETS |
$ | 14,658,000,468 | ||
|
|
|||
Shares outstanding |
90,800,000 | |||
|
|
|||
Net asset value |
$ | 161.43 | ||
|
|
|||
Shares authorized |
Unlimited | |||
|
|
|||
Par value |
None | |||
|
|
|||
(a) Securities loaned, at value |
$ | 885,016,145 | ||
(b) Investments, at cost — Unaffiliated |
$ | 13,952,875,767 | ||
(c) Investments, at cost — Affiliated |
$ | 945,676,255 |
See notes to financial statements.
118 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Year Ended March 31, 2022
iShares Russell Top 200 ETF |
iShares Russell Top 200 Growth ETF |
iShares Russell Top 200 Value ETF |
iShares Russell 1000 ETF |
|||||||||||||
| ||||||||||||||||
INVESTMENT INCOME |
||||||||||||||||
Dividends — Unaffiliated |
$ | 12,924,849 | $ | 32,692,981 | $ | 25,156,079 | $ | 394,833,291 | ||||||||
Dividends — Affiliated |
79,424 | 1,743 | 225,812 | 1,824,148 | ||||||||||||
Securities lending income — Affiliated — net |
4,536 | 25,984 | 2,459 | 933,886 | ||||||||||||
Foreign taxes withheld |
(2,514 | ) | (6,019 | ) | (4,984 | ) | (83,510 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investment income |
13,006,295 | 32,714,689 | 25,379,366 | 397,507,815 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
EXPENSES |
||||||||||||||||
Investment advisory fees |
1,449,030 | 8,490,013 | 2,401,346 | 45,278,998 | ||||||||||||
Professional fees |
217 | 217 | 217 | 217 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total expenses |
1,449,247 | 8,490,230 | 2,401,563 | 45,279,215 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net investment income |
11,557,048 | 24,224,459 | 22,977,803 | 352,228,600 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
REALIZED AND UNREALIZED GAIN (LOSS) |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments — Unaffiliated |
(2,843,362 | ) | (16,158,113 | ) | (5,992,292 | ) | (111,197,083 | ) | ||||||||
Investments — Affiliated |
(2,291 | ) | 207 | (9,029 | ) | 64,838 | ||||||||||
In-kind redemptions — Unaffiliated |
91,044,966 | 454,541,497 | 136,528,246 | 2,788,582,535 | ||||||||||||
In-kind redemptions — Affiliated |
408,388 | — | 1,502,605 | 9,081,559 | ||||||||||||
Futures contracts |
195,578 | 269,740 | 305,393 | 4,730,107 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net realized gain |
88,803,279 | 438,653,331 | 132,334,923 | 2,691,261,956 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments — Unaffiliated |
31,610,512 | 168,756,598 | (23,445,377 | ) | 586,168,895 | |||||||||||
Investments — Affiliated |
(364,877 | ) | 1,194 | (1,339,252 | ) | (7,640,716 | ) | |||||||||
Futures contracts |
84,855 | 454,262 | 78,971 | 2,764,762 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net change in unrealized appreciation (depreciation) |
31,330,490 | 169,212,054 | (24,705,658 | ) | 581,292,941 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net realized and unrealized gain |
120,133,769 | 607,865,385 | 107,629,265 | 3,272,554,897 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | 131,690,817 | $ | 632,089,844 | $ | 130,607,068 | $ | 3,624,783,497 | ||||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
F I N A N C I A L S T A T E M E N T S |
119 |
Statements of Operations (continued)
Year Ended March 31, 2022
iShares Russell 1000 Growth ETF |
iShares Russell 1000 Value ETF |
iShares Russell 2000 ETF |
iShares Russell 2000 Growth ETF |
|||||||||||||
| ||||||||||||||||
INVESTMENT INCOME |
||||||||||||||||
Dividends — Unaffiliated |
$ | 522,874,153 | $ | 1,069,820,496 | $ | 690,348,811 | $ | 44,875,181 | ||||||||
Dividends — Affiliated |
101,372 | 6,847,382 | 512,283 | 122,117 | ||||||||||||
Securities lending income — Affiliated — net |
2,823,576 | 1,161,917 | 36,433,108 | 9,381,231 | ||||||||||||
Foreign taxes withheld |
(95,063 | ) | (240,339 | ) | (1,124,400 | ) | (60,008 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investment income |
525,704,038 | 1,077,589,456 | 726,169,802 | 54,318,521 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
EXPENSES |
||||||||||||||||
Investment advisory fees |
132,037,407 | 102,639,510 | 125,380,918 | 27,421,280 | ||||||||||||
Professional fees |
217 | 217 | 217 | 217 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total expenses |
132,037,624 | 102,639,727 | 125,381,135 | 27,421,497 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net investment income |
393,666,414 | 974,949,729 | 600,788,667 | 26,897,024 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
REALIZED AND UNREALIZED GAIN (LOSS) |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments — Unaffiliated |
(239,371,328 | ) | 582,481,652 | (1,420,526,434 | ) | 335,207,570 | ||||||||||
Investments — Affiliated |
(189,977 | ) | (191,388 | ) | (1,383,328 | ) | (256,537 | ) | ||||||||
In-kind redemptions — Unaffiliated |
11,786,842,787 | 4,137,682,157 | 11,829,904,952 | 1,636,943,618 | ||||||||||||
In-kind redemptions — Affiliated |
— | 31,849,054 | — | — | ||||||||||||
Futures contracts |
2,992,559 | 5,497,462 | (6,016,216 | ) | (847,766 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net realized gain |
11,550,274,041 | 4,757,318,937 | 10,401,978,974 | 1,971,046,885 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments — Unaffiliated |
(2,634,234,901 | ) | 244,409,267 | (14,943,486,025 | ) | (3,783,986,035 | ) | |||||||||
Investments — Affiliated |
(656,023 | ) | (28,769,370 | ) | (3,304,804 | ) | (920,613 | ) | ||||||||
Futures contracts |
7,130,233 | 3,945,636 | 4,933,206 | 849,977 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net change in unrealized appreciation (depreciation) |
(2,627,760,691 | ) | 219,585,533 | (14,941,857,623 | ) | (3,784,056,671 | ) | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Net realized and unrealized gain (loss) |
8,922,513,350 | 4,976,904,470 | (4,539,878,649 | ) | (1,813,009,786 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS |
$ | 9,316,179,764 | $ | 5,951,854,199 | $ | (3,939,089,982 | ) | $ | (1,786,112,762 | ) | ||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
120 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Statements of Operations (continued)
Year Ended March 31, 2022
iShares Russell 2000 Value |
||||
|
||||
INVESTMENT INCOME |
||||
Dividends — Unaffiliated |
$ | 253,648,496 | ||
Dividends — Affiliated |
77,720 | |||
Securities lending income — Affiliated — net |
5,143,102 | |||
Foreign taxes withheld |
(449,907 | ) | ||
|
|
|||
Total investment income |
258,419,411 | |||
|
|
|||
EXPENSES |
||||
Investment advisory fees |
37,417,586 | |||
Professional fees |
217 | |||
|
|
|||
Total expenses |
37,417,803 | |||
|
|
|||
Net investment income |
221,001,608 | |||
|
|
|||
REALIZED AND UNREALIZED GAIN (LOSS) |
||||
Net realized gain (loss) from: |
||||
Investments — Unaffiliated |
90,813,982 | |||
Investments — Affiliated |
(310,180 | ) | ||
In-kind redemptions — Unaffiliated |
2,669,494,572 | |||
Futures contracts |
(3,364,075 | ) | ||
|
|
|||
Net realized gain |
2,756,634,299 | |||
|
|
|||
Net change in unrealized appreciation (depreciation) on: |
||||
Investments — Unaffiliated |
(2,478,580,876 | ) | ||
Investments — Affiliated |
(421,414 | ) | ||
Futures contracts |
540,942 | |||
Short sales — Unaffiliated |
28 | |||
|
|
|||
Net change in unrealized appreciation (depreciation) |
(2,478,461,320 | ) | ||
|
|
|||
Net realized and unrealized gain |
278,172,979 | |||
|
|
|||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | 499,174,587 | ||
|
|
See notes to financial statements.
F I N A N C I A L S T A T E M E N T S |
121 |
Statements of Changes in Net Assets
iShares Russell Top 200 ETF |
iShares Russell Top 200 Growth ETF |
|||||||||||||||||||||
|
|
|
|
|||||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
Year Ended 03/31/22 |
Year Ended 03/31/21 |
|||||||||||||||||||
|
||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS |
||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||
Net investment income |
$ | 11,557,048 | $ | 11,229,444 | $ | 24,224,459 | $ | 22,947,783 | ||||||||||||||
Net realized gain |
88,803,279 | 69,341,229 | 438,653,331 | 257,612,587 | ||||||||||||||||||
Net change in unrealized appreciation (depreciation) |
31,330,490 | 222,490,850 | 169,212,054 | 935,040,813 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
Net increase in net assets resulting from operations |
131,690,817 | 303,061,523 | 632,089,844 | 1,215,601,183 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS(a) |
||||||||||||||||||||||
Decrease in net assets resulting from distributions to shareholders |
(11,546,241 | ) | (11,376,261 | ) | (24,456,769 | ) | (23,069,276 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||
Net increase in net assets derived from capital share transactions |
56,024,466 | 204,991,457 | 682,843,598 | 658,760,357 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
NET ASSETS |
||||||||||||||||||||||
Total increase in net assets |
176,169,042 | 496,676,719 | 1,290,476,673 | 1,851,292,264 | ||||||||||||||||||
Beginning of year |
865,920,186 | 369,243,467 | 3,529,895,309 | 1,678,603,045 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
End of year |
$ | 1,042,089,228 | $ | 865,920,186 | $ | 4,820,371,982 | $ | 3,529,895,309 | ||||||||||||||
|
|
|
|
|
|
|
|
(a) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
See notes to financial statements.
122 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Statements of Changes in Net Assets (continued)
iShares Russell Top 200 Value ETF |
iShares Russell 1000 ETF |
|||||||||||||||||||||
|
|
|
|
|||||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
Year Ended 03/31/22 |
Year Ended 03/31/21 |
|||||||||||||||||||
|
||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS |
||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||
Net investment income |
$ | 22,977,803 | $ | 17,327,180 | $ | 352,228,600 | $ | 340,773,248 | ||||||||||||||
Net realized gain (loss) |
132,334,923 | (14,585,264 | ) | 2,691,261,956 | 1,663,056,836 | |||||||||||||||||
Net change in unrealized appreciation (depreciation) |
(24,705,658 | ) | 291,606,091 | 581,292,941 | 8,576,071,074 | |||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
Net increase in net assets resulting from operations |
130,607,068 | 294,348,007 | 3,624,783,497 | 10,579,901,158 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS(a) |
||||||||||||||||||||||
Decrease in net assets resulting from distributions to shareholders |
(22,928,866 | ) | (17,442,740 | ) | (357,765,384 | ) | (354,009,239 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||
Net increase (decrease) in net assets derived from capital share transactions |
26,107,292 | 487,305,987 | 5,598,922 | (1,002,936,822 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
NET ASSETS |
||||||||||||||||||||||
Total increase in net assets |
133,785,494 | 764,211,254 | 3,272,617,035 | 9,222,955,097 | ||||||||||||||||||
Beginning of year |
1,153,937,171 | 389,725,917 | 27,147,851,443 | 17,924,896,346 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
End of year |
$ | 1,287,722,665 | $ | 1,153,937,171 | $ | 30,420,468,478 | $ | 27,147,851,443 | ||||||||||||||
|
|
|
|
|
|
|
|
(a) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
See notes to financial statements.
F I N A N C I A L S T A T E M E N T S |
123 |
Statements of Changes in Net Assets (continued)
iShares Russell 1000 Growth ETF |
iShares Russell 1000 Value ETF |
|||||||||||||||||||||
|
|
|
|
|||||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
Year Ended 03/31/22 |
Year Ended 03/31/21 |
|||||||||||||||||||
|
||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS |
||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||
Net investment income |
$ | 393,666,414 | $ | 419,262,223 | $ | 974,949,729 | $ | 834,972,032 | ||||||||||||||
Net realized gain (loss) |
11,550,274,041 | 8,071,587,640 | 4,757,318,937 | (19,759,618 | ) | |||||||||||||||||
Net change in unrealized appreciation (depreciation) |
(2,627,760,691 | ) | 17,672,083,409 | 219,585,533 | 16,214,766,531 | |||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
Net increase in net assets resulting from operations |
9,316,179,764 | 26,162,933,272 | 5,951,854,199 | 17,029,978,945 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS(a) |
||||||||||||||||||||||
Decrease in net assets resulting from distributions to shareholders |
(401,934,860 | ) | (411,316,899 | ) | (973,061,947 | ) | (827,083,590 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||
Net increase (decrease) in net assets derived from capital share transactions |
(1,335,411,437 | ) | (5,430,037,516 | ) | 1,878,160,955 | 3,729,878,540 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
NET ASSETS |
||||||||||||||||||||||
Total increase in net assets |
7,578,833,467 | 20,321,578,857 | 6,856,953,207 | 19,932,773,895 | ||||||||||||||||||
Beginning of year |
63,155,924,134 | 42,834,345,277 | 51,108,564,678 | 31,175,790,783 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
End of year |
$ | 70,734,757,601 | $ | 63,155,924,134 | $ | 57,965,517,885 | $ | 51,108,564,678 | ||||||||||||||
|
|
|
|
|
|
|
|
(a) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
See notes to financial statements.
124 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Statements of Changes in Net Assets (continued)
iShares Russell 2000 ETF |
iShares Russell 2000 Growth ETF |
|||||||||||||||||||||
|
|
|
|
|||||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
Year Ended 03/31/22 |
Year Ended 03/31/21 |
|||||||||||||||||||
|
||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS |
||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||
Net investment income |
$ | 600,788,667 | $ | 479,566,961 | $ | 26,897,024 | $ | 41,988,208 | ||||||||||||||
Net realized gain |
10,401,978,974 | 8,154,534,099 | 1,971,046,885 | 704,281,225 | ||||||||||||||||||
Net change in unrealized appreciation (depreciation) |
(14,941,857,623 | ) | 20,703,456,728 | (3,784,056,671 | ) | 5,187,588,362 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
(3,939,089,982 | ) | 29,337,557,788 | (1,786,112,762 | ) | 5,933,857,795 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS(a) |
||||||||||||||||||||||
Decrease in net assets resulting from distributions to shareholders |
(646,681,067 | ) | (551,110,344 | ) | (38,453,082 | ) | (48,359,274 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||
Net increase (decrease) in net assets derived from capital share transactions |
(2,764,541,638 | ) | 7,914,467,041 | 573,103,014 | (740,112,140 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
NET ASSETS |
||||||||||||||||||||||
Total increase (decrease) in net assets |
(7,350,312,687 | ) | 36,700,914,485 | (1,251,462,830 | ) | 5,145,386,381 | ||||||||||||||||
Beginning of year |
69,303,587,353 | 32,602,672,868 | 12,082,281,787 | 6,936,895,406 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
End of year |
$ | 61,953,274,666 | $ | 69,303,587,353 | $ | 10,830,818,957 | $ | 12,082,281,787 | ||||||||||||||
|
|
|
|
|
|
|
|
(a) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
See notes to financial statements.
F I N A N C I A L S T A T E M E N T S |
125 |
Statements of Changes in Net Assets (continued)
iShares Russell 2000 Value ETF |
||||||||||
|
|
|||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
|||||||||
|
||||||||||
INCREASE (DECREASE) IN NET ASSETS |
||||||||||
OPERATIONS |
||||||||||
Net investment income |
$ | 221,001,608 | $ | 154,540,658 | ||||||
Net realized gain (loss) |
2,756,634,299 | (31,238,749 | ) | |||||||
Net change in unrealized appreciation (depreciation) |
(2,478,461,320 | ) | 6,566,945,191 | |||||||
|
|
|
|
|||||||
Net increase in net assets resulting from operations |
499,174,587 | 6,690,247,100 | ||||||||
|
|
|
|
|||||||
DISTRIBUTIONS TO SHAREHOLDERS(a) |
||||||||||
Decrease in net assets resulting from distributions to shareholders |
(248,644,243 | ) | (177,203,668 | ) | ||||||
|
|
|
|
|||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||
Net increase (decrease) in net assets derived from capital share transactions |
(1,911,845,387 | ) | 3,198,739,480 | |||||||
|
|
|
|
|||||||
NET ASSETS |
||||||||||
Total increase (decrease) in net assets |
(1,661,315,043 | ) | 9,711,782,912 | |||||||
Beginning of year |
16,319,315,511 | 6,607,532,599 | ||||||||
|
|
|
|
|||||||
End of year |
$ | 14,658,000,468 | $ | 16,319,315,511 | ||||||
|
|
|
|
(a) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
See notes to financial statements.
126 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
(For a share outstanding throughout each period)
iShares Russell Top 200 ETF | ||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
Year Ended 03/31/20 |
Year Ended 03/31/19 |
Year Ended 03/31/18 |
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Net asset value, beginning of year |
$ | 94.64 | $ | 61.54 | $ | 65.66 | $ | 60.63 | $ | 53.88 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income(a) |
1.26 | 1.23 | 1.28 | 1.21 | 1.08 | |||||||||||||||||||||||||
Net realized and unrealized gain (loss)(b) |
13.37 | 33.09 | (3.94 | ) | 4.97 | 6.71 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net increase (decrease) from investment operations |
14.63 | 34.32 | (2.66 | ) | 6.18 | 7.79 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Distributions(c) |
||||||||||||||||||||||||||||||
From net investment income |
(1.28 | ) | (1.22 | ) | (1.46 | ) | (1.15 | ) | (1.04 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total distributions |
(1.28 | ) | (1.22 | ) | (1.46 | ) | (1.15 | ) | (1.04 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net asset value, end of year |
$ | 107.99 | $ | 94.64 | $ | 61.54 | $ | 65.66 | $ | 60.63 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total Return(d) |
||||||||||||||||||||||||||||||
Based on net asset value |
15.48 | % | 56.06 | % | (4.24 | )% | 10.27 | % | 14.55 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Ratios to Average Net Assets(e) |
||||||||||||||||||||||||||||||
Total expenses |
0.15 | % | 0.15 | % | 0.15 | % | 0.15 | % | 0.15 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income |
1.20 | % | 1.48 | % | 1.82 | % | 1.91 | % | 1.84 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Supplemental Data |
||||||||||||||||||||||||||||||
Net assets, end of year (000) |
$ | 1,042,089 | $ | 865,920 | $ | 369,243 | $ | 213,382 | $ | 136,411 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Portfolio turnover rate(f) |
4 | % | 5 | % | 5 | % | 5 | % | 5 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) |
Based on average shares outstanding. |
(b) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) |
Where applicable, assumes the reinvestment of distributions. |
(e) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(f) |
Portfolio turnover rate excludes in-kind transactions. |
See notes to financial statements.
F I N A N C I A L H I G H L I G H T S |
127 |
Financial Highlights (continued)
(For a share outstanding throughout each period)
iShares Russell Top 200 Growth ETF | ||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
Year Ended 03/31/20 |
Year Ended 03/31/19 |
Year Ended 03/31/18 |
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Net asset value, beginning of year |
$ | 134.47 | $ | 84.14 | $ | 82.24 | $ | 73.61 | $ | 61.44 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income(a) |
0.89 | 0.93 | 1.04 | 1.00 | 0.92 | |||||||||||||||||||||||||
Net realized and unrealized gain(b) |
24.09 | 50.31 | 1.90 | 8.60 | 12.18 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net increase from investment operations |
24.98 | 51.24 | 2.94 | 9.60 | 13.10 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Distributions(c) |
||||||||||||||||||||||||||||||
From net investment income |
(0.89 | ) | (0.91 | ) | (1.04 | ) | (0.97 | ) | (0.93 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total distributions |
(0.89 | ) | (0.91 | ) | (1.04 | ) | (0.97 | ) | (0.93 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net asset value, end of year |
$ | 158.56 | $ | 134.47 | $ | 84.14 | $ | 82.24 | $ | 73.61 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total Return(d) |
||||||||||||||||||||||||||||||
Based on net asset value |
18.58 | % | 61.04 | % | 3.55 | % | 13.11 | % | 21.43 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Ratios to Average Net Assets(e) |
||||||||||||||||||||||||||||||
Total expenses |
0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income |
0.57 | % | 0.77 | % | 1.16 | % | 1.27 | % | 1.33 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Supplemental Data |
||||||||||||||||||||||||||||||
Net assets, end of year (000) |
$ | 4,820,372 | $ | 3,529,895 | $ | 1,678,603 | $ | 1,377,486 | $ | 978,981 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Portfolio turnover rate(f) |
10 | % | 11 | % | 20 | % | 15 | % | 11 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) |
Based on average shares outstanding. |
(b) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) |
Where applicable, assumes the reinvestment of distributions. |
(e) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(f) |
Portfolio turnover rate excludes in-kind transactions. |
See notes to financial statements.
128 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Financial Highlights (continued)
(For a share outstanding throughout each period)
iShares Russell Top 200 Value ETF | ||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
Year Ended 03/31/20 |
Year Ended 03/31/19 |
Year Ended 03/31/18 |
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Net asset value, beginning of year |
$ | 63.58 | $ | 44.04 | $ | 52.57 | $ | 50.39 | $ | 48.20 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income(a) |
1.30 | 1.26 | 1.40 | 1.31 | 1.17 | |||||||||||||||||||||||||
Net realized and unrealized gain (loss)(b) |
6.01 | 19.49 | (8.38 | ) | 2.13 | 2.15 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net increase (decrease) from investment operations |
7.31 | 20.75 | (6.98 | ) | 3.44 | 3.32 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Distributions(c) |
||||||||||||||||||||||||||||||
From net investment income |
(1.28 | ) | (1.21 | ) | (1.55 | ) | (1.26 | ) | (1.13 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total distributions |
(1.28 | ) | (1.21 | ) | (1.55 | ) | (1.26 | ) | (1.13 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net asset value, end of year |
$ | 69.61 | $ | 63.58 | $ | 44.04 | $ | 52.57 | $ | 50.39 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total Return(d) |
||||||||||||||||||||||||||||||
Based on net asset value |
11.56 | % | 47.63 | % | (13.72 | )% | 6.92 | % | 6.93 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Ratios to Average Net Assets(e) |
||||||||||||||||||||||||||||||
Total expenses |
0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income |
1.91 | % | 2.31 | % | 2.56 | % | 2.54 | % | 2.33 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Supplemental Data |
||||||||||||||||||||||||||||||
Net assets, end of year (000) |
$ | 1,287,723 | $ | 1,153,937 | $ | 389,726 | $ | 425,831 | $ | 284,724 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Portfolio turnover rate(f) |
15 | % | 17 | % | 17 | % | 14 | % | 13 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) |
Based on average shares outstanding. |
(b) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) |
Where applicable, assumes the reinvestment of distributions. |
(e) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(f) |
Portfolio turnover rate excludes in-kind transactions. |
See notes to financial statements.
F I N A N C I A L H I G H L I G H T S |
129 |
Financial Highlights (continued)
(For a share outstanding throughout each period)
iShares Russell 1000 ETF | ||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Year
Ended 03/31/22 |
Year
Ended 03/31/21 |
Year
Ended 03/31/20 |
Year
Ended 03/31/19 |
Year
Ended 03/31/18 |
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Net asset value, beginning of year |
$ | 223.72 | $ | 141.59 | $ | 157.27 | $ | 146.79 | $ | 131.25 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income(a) |
2.88 | 2.74 | 2.96 | 2.74 | 2.50 | |||||||||||||||||||||||||
Net realized and unrealized gain (loss)(b) |
26.40 | 82.26 | (15.46 | ) | 10.60 | 15.54 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net increase (decrease) from investment operations |
29.28 | 85.00 | (12.50 | ) | 13.34 | 18.04 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Distributions(c) |
||||||||||||||||||||||||||||||
From net investment income |
(2.93 | ) | (2.87 | ) | (3.18 | ) | (2.86 | ) | (2.50 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total distributions |
(2.93 | ) | (2.87 | ) | (3.18 | ) | (2.86 | ) | (2.50 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net asset value, end of year |
$ | 250.07 | $ | 223.72 | $ | 141.59 | $ | 157.27 | $ | 146.79 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total Return(d) |
||||||||||||||||||||||||||||||
Based on net asset value |
13.09 | % | 60.37 | % | (8.15 | )% | 9.18 | %(e) | 13.83 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Ratios to Average Net Assets(f) |
||||||||||||||||||||||||||||||
Total expenses |
0.15 | % | 0.15 | % | 0.15 | % | 0.15 | % | 0.15 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income |
1.17 | % | 1.44 | % | 1.78 | % | 1.80 | % | 1.77 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Supplemental Data |
||||||||||||||||||||||||||||||
Net assets, end of year (000) |
$ | 30,420,468 | $ | 27,147,851 | $ | 17,924,896 | $ | 19,312,905 | $ | 19,353,884 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Portfolio turnover rate(g) |
6 | % | 5 | % | 5 | % | 6 | % | 4 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) |
Based on average shares outstanding. |
(b) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) |
Where applicable, assumes the reinvestment of distributions. |
(e) |
Includes payment received from an affiliate, which had no impact on the Fund’s total return. |
(f) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(g) |
Portfolio turnover rate excludes in-kind transactions. |
See notes to financial statements.
130 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Financial Highlights (continued)
(For a share outstanding throughout each period)
iShares Russell 1000 Growth ETF | ||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Year
Ended 03/31/22 |
Year
Ended 03/31/21 |
Year
Ended 03/31/20 |
Year
Ended 03/31/19 |
Year
Ended 03/31/18 |
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Net asset value, beginning of year |
$ | 243.05 | $ | 150.69 | $ | 151.33 | $ | 136.02 | $ | 113.76 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income(a) |
1.53 | 1.54 | 1.72 | 1.69 | 1.55 | |||||||||||||||||||||||||
Net realized and unrealized gain (loss)(b) |
34.37 | 92.34 | (0.62 | ) | 15.31 | 22.26 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net increase from investment operations |
35.90 | 93.88 | 1.10 | 17.00 | 23.81 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Distributions(c) |
||||||||||||||||||||||||||||||
From net investment income |
(1.56 | ) | (1.52 | ) | (1.74 | ) | (1.69 | ) | (1.55 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total distributions |
(1.56 | ) | (1.52 | ) | (1.74 | ) | (1.69 | ) | (1.55 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net asset value, end of year |
$ | 277.39 | $ | 243.05 | $ | 150.69 | $ | 151.33 | $ | 136.02 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total Return(d) |
||||||||||||||||||||||||||||||
Based on net asset value |
14.77 | % | 62.44 | % | 0.68 | % | 12.57 | % | 21.02 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Ratios to Average Net Assets(e) |
||||||||||||||||||||||||||||||
Total expenses |
0.18 | % | 0.19 | % | 0.19 | % | 0.19 | % | 0.20 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income |
0.55 | % | 0.72 | % | 1.05 | % | 1.17 | % | 1.21 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Supplemental Data |
||||||||||||||||||||||||||||||
Net assets, end of year (000) |
$ | 70,734,758 | $ | 63,155,924 | $ | 42,834,345 | $ | 42,729,330 | $ | 39,975,377 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Portfolio turnover rate(f) |
13 | % | 14 | % | 18 | % | 12 | % | 13 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) |
Based on average shares outstanding. |
(b) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) |
Where applicable, assumes the reinvestment of distributions. |
(e) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(f) |
Portfolio turnover rate excludes in-kind transactions. |
See notes to financial statements.
F I N A N C I A L H I G H L I G H T S |
131 |
Financial Highlights (continued)
(For a share outstanding throughout each period)
iShares Russell 1000 Value ETF | ||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
Year Ended 03/31/20 |
Year Ended 03/31/19 |
Year Ended 03/31/18 |
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Net asset value, beginning of year |
$ | 151.43 | $ | 99.22 | $ | 123.48 | $ | 119.95 | $ | 114.90 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income(a) |
2.83 | 2.69 | 3.14 | 2.86 | 2.67 | |||||||||||||||||||||||||
Net realized and unrealized gain (loss)(b) |
14.44 | 52.15 | (23.93 | ) | 3.67 | 5.08 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net increase (decrease) from investment operations |
17.27 | 54.84 | (20.79 | ) | 6.53 | 7.75 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Distributions(c) |
||||||||||||||||||||||||||||||
From net investment income |
(2.82 | ) | (2.63 | ) | (3.47 | ) | (3.00 | ) | (2.70 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total distributions |
(2.82 | ) | (2.63 | ) | (3.47 | ) | (3.00 | ) | (2.70 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net asset value, end of year |
$ | 165.88 | $ | 151.43 | $ | 99.22 | $ | 123.48 | $ | 119.95 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total Return(d) |
||||||||||||||||||||||||||||||
Based on net asset value |
11.45 | % | 55.84 | % | (17.30 | )% | 5.53 | %(e) | 6.78 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Ratios to Average Net Assets(f) |
||||||||||||||||||||||||||||||
Total expenses |
0.18 | % | 0.19 | % | 0.19 | % | 0.19 | % | 0.20 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income |
1.75 | % | 2.15 | % | 2.46 | % | 2.36 | % | 2.23 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Supplemental Data |
||||||||||||||||||||||||||||||
Net assets, end of year (000) |
$ | 57,965,518 | $ | 51,108,565 | $ | 31,175,791 | $ | 37,877,550 | $ | 36,217,697 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Portfolio turnover rate(g) |
17 | % | 18 | % | 16 | % | 17 | % | 15 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) |
Based on average shares outstanding. |
(b) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) |
Where applicable, assumes the reinvestment of distributions. |
(e) |
Includes payment received from an affiliate, which had no impact on the Fund’s total return. |
(f) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(g) |
Portfolio turnover rate excludes in-kind transactions. |
See notes to financial statements.
132 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Financial Highlights (continued)
(For a share outstanding throughout each period)
iShares Russell 2000 ETF | ||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
Year Ended 03/31/20 |
Year Ended 03/31/19 |
Year Ended 03/31/18 |
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Net asset value, beginning of year |
$ | 220.43 | $ | 114.62 | $ | 153.10 | $ | 151.96 | $ | 137.69 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income(a) |
1.97 | 1.73 | 1.83 | 1.89 | 1.79 | |||||||||||||||||||||||||
Net realized and unrealized gain (loss)(b) |
(14.89 | ) | 106.10 | (38.22 | ) | 1.18 | 14.38 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net increase (decrease) from investment operations |
(12.92 | ) | 107.83 | (36.39 | ) | 3.07 | 16.17 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Distributions(c) |
||||||||||||||||||||||||||||||
From net investment income |
(2.09 | ) | (2.02 | ) | (2.09 | ) | (1.93 | ) | (1.90 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total distributions |
(2.09 | ) | (2.02 | ) | (2.09 | ) | (1.93 | ) | (1.90 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net asset value, end of year |
$ | 205.42 | $ | 220.43 | $ | 114.62 | $ | 153.10 | $ | 151.96 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total Return(d) |
||||||||||||||||||||||||||||||
Based on net asset value |
(5.92 | )% | 94.67 | % | (24.04 | )% | 2.01 | % | 11.80 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Ratios to Average Net Assets(e) |
||||||||||||||||||||||||||||||
Total expenses |
0.19 | % | 0.19 | % | 0.19 | % | 0.19 | % | 0.20 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income |
0.90 | % | 1.01 | % | 1.19 | % | 1.21 | % | 1.23 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Supplemental Data |
||||||||||||||||||||||||||||||
Net assets, end of year (000) |
$ | 61,953,275 | $ | 69,303,587 | $ | 32,602,673 | $ | 43,174,723 | $ | 41,918,598 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Portfolio turnover rate(f) |
23 | % | 20 | % | 18 | % | 22 | % | 16 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) |
Based on average shares outstanding. |
(b) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) |
Where applicable, assumes the reinvestment of distributions. |
(e) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(f) |
Portfolio turnover rate excludes in-kind transactions. |
See notes to financial statements.
F I N A N C I A L H I G H L I G H T S |
133 |
Financial Highlights (continued)
(For a share outstanding throughout each period)
iShares Russell 2000 Growth ETF | ||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
Year Ended 03/31/20 |
Year Ended 03/31/19 |
Year Ended 03/31/18 |
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Net asset value, beginning of year |
$ | 300.18 | $ | 158.74 | $ | 196.60 | $ | 190.63 | $ | 161.84 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income(a) |
0.67 | 1.02 | 1.32 | 1.21 | 1.23 | |||||||||||||||||||||||||
Net realized and unrealized gain (loss)(b) |
(43.86 | ) | 141.60 | (37.65 | ) | 6.04 | 28.91 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net increase (decrease) from investment operations |
(43.19 | ) | 142.62 | (36.33 | ) | 7.25 | 30.14 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Distributions(c) |
||||||||||||||||||||||||||||||
From net investment income |
(0.94 | ) | (1.18 | ) | (1.53 | ) | (1.28 | ) | (1.35 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total distributions |
(0.94 | ) | (1.18 | ) | (1.53 | ) | (1.28 | ) | (1.35 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net asset value, end of year |
$ | 256.05 | $ | 300.18 | $ | 158.74 | $ | 196.60 | $ | 190.63 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total Return(d) |
||||||||||||||||||||||||||||||
Based on net asset value |
(14.42 | )% | 90.06 | % | (18.61 | )% | 3.81 | % | 18.68 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Ratios to Average Net Assets(e) |
||||||||||||||||||||||||||||||
Total expenses |
0.23 | % | 0.24 | % | 0.24 | % | 0.24 | % | 0.24 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income |
0.23 | % | 0.42 | % | 0.66 | % | 0.61 | % | 0.70 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Supplemental Data |
||||||||||||||||||||||||||||||
Net assets, end of year (000) |
$ | 10,830,819 | $ | 12,082,282 | $ | 6,936,895 | $ | 9,171,566 | $ | 9,207,286 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Portfolio turnover rate(f) |
40 | % | 35 | % | 33 | % | 35 | % | 26 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) |
Based on average shares outstanding. |
(b) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) |
Where applicable, assumes the reinvestment of distributions. |
(e) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(f) |
Portfolio turnover rate excludes in-kind transactions. |
See notes to financial statements.
134 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Financial Highlights (continued)
(For a share outstanding throughout each period)
iShares Russell 2000 Value ETF | ||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
Year Ended 03/31/20 |
Year Ended 03/31/19 |
Year Ended 03/31/18 |
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Net asset value, beginning of year |
$ | 159.14 | $ | 82.34 | $ | 119.84 | $ | 122.00 | $ | 118.27 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income(a) |
2.26 | 1.84 | 2.07 | 2.18 | 2.03 | |||||||||||||||||||||||||
Net realized and unrealized gain (loss)(b) |
2.61 | 77.01 | (37.17 | ) | (2.10 | ) | 3.93 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net increase (decrease) from investment operations |
4.87 | 78.85 | (35.10 | ) | 0.08 | 5.96 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Distributions(c) |
||||||||||||||||||||||||||||||
From net investment income |
(2.58 | ) | (2.05 | ) | (2.40 | ) | (2.24 | ) | (2.23 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total distributions |
(2.58 | ) | (2.05 | ) | (2.40 | ) | (2.24 | ) | (2.23 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net asset value, end of year |
$ | 161.43 | $ | 159.14 | $ | 82.34 | $ | 119.84 | $ | 122.00 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Total Return(d) |
||||||||||||||||||||||||||||||
Based on net asset value |
3.07 | % | 96.79 | % | (29.79 | )% | 0.03 | % | 5.06 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Ratios to Average Net Assets(e) |
||||||||||||||||||||||||||||||
Total expenses |
0.23 | % | 0.24 | % | 0.24 | % | 0.24 | % | 0.24 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net investment income |
1.39 | % | 1.57 | % | 1.74 | % | 1.73 | % | 1.67 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Supplemental Data |
||||||||||||||||||||||||||||||
Net assets, end of year (000) |
$ | 14,658,000 | $ | 16,319,316 | $ | 6,607,533 | $ | 9,107,939 | $ | 8,838,621 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Portfolio turnover rate(f) |
35 | % | 28 | % | 25 | % | 26 | % | 23 | % | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) |
Based on average shares outstanding. |
(b) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) |
Where applicable, assumes the reinvestment of distributions. |
(e) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(f) |
Portfolio turnover rate excludes in-kind transactions. |
See notes to financial statements.
F I N A N C I A L H I G H L I G H T S |
135 |
1. |
ORGANIZATION |
iShares Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.
These financial statements relate only to the following funds (each, a “Fund” and collectively, the “Funds”):
iShares ETF | Diversification Classification |
|||
Russell Top 200 |
Diversified | |||
Russell Top 200 Growth(a) |
Diversified | |||
Russell Top 200 Value |
Diversified | |||
Russell 1000 |
Diversified | |||
Russell 1000 Growth(a) |
Diversified | |||
Russell 1000 Value |
Diversified | |||
Russell 2000 |
Diversified | |||
Russell 2000 Growth |
Diversified | |||
Russell 2000 Value |
Diversified |
(a) |
The Fund intends to be diversified in approximately the same proportion as its underlying index is diversified. The Fund may become non-diversified, as defined in the 1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of its underlying index. Shareholder approval will not be sought if the Fund crosses from diversified to non-diversified status due solely to a change in its relative market capitalization or index weighting of one or more constituents of its underlying index. |
2. |
SIGNIFICANT ACCOUNTING POLICIES |
The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:
Investment Transactions and Income Recognition: For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Dividends from foreign securities where the ex-dividend date may have passed are subsequently recorded when the Funds are informed of the ex-dividend date. Under the applicable foreign tax laws, a withholding tax at various rates may be imposed on capital gains, dividends and interest. Upon notification from issuers or as estimated by management, a portion of the dividend income received from a real estate investment trust may be redesignated as a reduction of cost of the related investment and/or realized gain.
Foreign Taxes: The Funds may be subject to foreign taxes (a portion of which may be reclaimable) on income, stock dividends, capital gains on investments, or certain foreign currency transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which each Fund invests. These foreign taxes, if any, are paid by each Fund and are reflected in its Statements of Operations as follows: foreign taxes withheld at source are presented as a reduction of income, foreign taxes on securities lending income are presented as a reduction of securities lending income, foreign taxes on stock dividends are presented as “Other foreign taxes”, and foreign taxes on capital gains from sales of investments and foreign taxes on foreign currency transactions are included in their respective net realized gain (loss) categories. Foreign taxes payable or deferred as of March 31, 2022, if any, are disclosed in the Statements of Assets and Liabilities.
The Funds file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. The Funds may record a reclaim receivable based on collectability, which includes factors such as the jurisdiction’s applicable laws, payment history and market convention. The Statements of Operations includes tax reclaims recorded as well as professional and other fees, if any, associated with recovery of foreign withholding taxes.
Segregation and Collateralization: In cases where a Fund enters into certain investments (e.g., futures contracts) that would be treated as “senior securities” for 1940 Act purposes, a Fund may segregate or designate on its books and record cash or liquid assets having a market value at least equal to the amount of its future obligations under such investments. Doing so allows the investment to be excluded from treatment as a “senior security.” Furthermore, if required by an exchange or counterparty agreement, the Funds may be required to deliver/deposit cash and/or securities to/with an exchange, or broker-dealer or custodian as collateral for certain investments or obligations.
In-kind Redemptions: For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds’ tax year. These reclassifications have no effect on net assets or net asset value (“NAV”) per share.
Distributions: Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds. The character and timing of distributions are determined in accordance with U.S. federal income tax regulations, which may differ from U.S. GAAP.
136 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Notes to Financial Statements (continued)
Indemnifications: In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds’ maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.
3. |
INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS |
Investment Valuation Policies: Each Fund’s investments are valued at fair value (also referred to as “market value” within the financial statements) each day that the Fund’s listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under policies approved by the Board of Trustees of the Trust (the “Board”). If a security’s market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with a policy approved by the Board as reflecting fair value. The BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) is the committee formed by management to develop global pricing policies and procedures and to oversee the pricing function for all financial instruments.
Fair Value Inputs and Methodologies: The following methods and inputs are used to establish the fair value of each Fund’s assets and liabilities:
• |
Equity investments traded on a recognized securities exchange are valued at that day’s official closing price, as applicable, on the exchange where the stock is primarily traded. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last traded price. |
• |
Investments in open-end U.S. mutual funds (including money market funds) are valued at that day’s published NAV. |
• |
Futures contracts are valued based on that day’s last reported settlement or trade price on the exchange where the contract is traded. |
If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Global Valuation Committee, in accordance with a policy approved by the Board as reflecting fair value (“Fair Valued Investments”). The fair valuation approaches that may be used by the Global Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Global Valuation Committee, or its delegate, seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm’s-length transaction. Fair value determinations shall be based upon all available factors that the Global Valuation Committee, or its delegate, deems relevant and consistent with the principles of fair value measurement. The pricing of all Fair Valued Investments is subsequently reported to the Board or a committee thereof on a quarterly basis.
Fair value pricing could result in a difference between the prices used to calculate a fund’s NAV and the prices used by the fund’s underlying index, which in turn could result in a difference between the fund’s performance and the performance of the fund’s underlying index.
Fair Value Hierarchy: 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 each 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 Global 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 Global 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.
4. |
SECURITIES AND OTHER INVESTMENTS |
Warrants: Warrants entitle a fund to purchase a specified number of shares of common stock and are non-income producing. The purchase price and number of shares are subject to adjustment under certain conditions until the expiration date of the warrants, if any. If the price of the underlying stock does not rise above the strike price before the warrant expires, the warrant generally expires without any value and a fund will lose any amount it paid for the warrant. Thus, investments in warrants may involve more risk than investments in common stock. Warrants may trade in the same markets as their underlying stock; however, the price of the warrant does not necessarily move with the price of the underlying stock.
Securities Lending: Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. government. The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S.
N O T E S T O F I N A N C I A L S T A T E M E N T S |
137 |
Notes to Financial Statements (continued)
exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.
As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BlackRock Fund Advisors (“BFA”), the Funds’ investment adviser, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund’s Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.
Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an “MSLA”) which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty’s bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties’ obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party’s net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.
As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:
|
||||||||||||||||
iShares ETF and Counterparty
|
|
Market Value of Securities on Loan
|
|
|
Cash Collateral Received
|
(a)
|
|
Non-Cash Collateral Received
|
|
|
Net Amount
|
| ||||
|
||||||||||||||||
Russell Top 200 |
||||||||||||||||
Barclays Bank PLC |
$ | 228,391 | $ | 228,391 | $ | — | $ | — | ||||||||
Citigroup Global Markets, Inc. |
1,206 | 1,206 | — | — | ||||||||||||
Morgan Stanley |
6,280 | 6,280 | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$
|
235,877
|
|
$
|
235,877
|
|
$
|
—
|
|
$
|
—
|
| |||||
|
|
|
|
|
|
|
|
|||||||||
Russell Top 200 Growth |
||||||||||||||||
Barclays Bank PLC |
$ | 16,227 | $ | 16,227 | $ | — | $ | — | ||||||||
Citigroup Global Markets, Inc. |
804 | 804 | — | — | ||||||||||||
Credit Suisse Securities (USA) LLC |
497,164 | 497,164 | — | — | ||||||||||||
Goldman Sachs & Co. LLC |
441,408 | 441,408 | — | — | ||||||||||||
ING Financial Markets LLC |
7,500,714 | 7,500,714 | — | — | ||||||||||||
J.P. Morgan Securities LLC |
2,412 | 2,412 | — | — | ||||||||||||
Morgan Stanley |
18,323 | 18,323 | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$
|
8,477,052
|
|
$
|
8,477,052
|
|
$
|
—
|
|
$
|
—
|
| |||||
|
|
|
|
|
|
|
|
|||||||||
Russell Top 200 Value |
||||||||||||||||
Barclays Bank PLC |
$ | 487,429 | $ | 487,429 | $ | — | $ | — | ||||||||
Deutsche Bank Securities, Inc. |
593,316 | 593,316 | — | — | ||||||||||||
J.P. Morgan Securities LLC |
38,132 | 38,132 | — | — | ||||||||||||
Morgan Stanley |
5,526 | 5,526 | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$
|
1,124,403
|
|
$
|
1,124,403
|
|
$
|
—
|
|
$
|
—
|
| |||||
|
|
|
|
|
|
|
|
138 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Notes to Financial Statements (continued)
|
||||||||||||||||
iShares ETF and Counterparty |
|
Market Value of Securities on Loan |
|
|
Cash Collateral Received |
(a) |
|
Non-Cash Collateral Received |
|
Net Amount | ||||||
|
||||||||||||||||
Russell 1000 |
||||||||||||||||
Barclays Bank PLC |
$ | 44,256,520 | $ | 44,256,520 | $ | — | $ | — | ||||||||
Barclays Capital, Inc. |
6,646,514 | 6,646,514 | — | — | ||||||||||||
BMO Capital Markets Corp. |
162,006 | 162,006 | — | — | ||||||||||||
BNP Paribas SA |
68,598,121 | 68,598,121 | — | — | ||||||||||||
BofA Securities, Inc. |
21,478,696 | 21,478,696 | — | — | ||||||||||||
Citadel Clearing LLC |
147,323 | 147,323 | — | — | ||||||||||||
Citigroup Global Markets, Inc. |
57,260,364 | 57,260,364 | — | — | ||||||||||||
Credit Suisse Securities (USA) LLC |
4,471 | 4,471 | — | — | ||||||||||||
Goldman Sachs & Co. LLC |
62,389,868 | 62,389,868 | — | — | ||||||||||||
HSBC Bank PLC |
93,827 | 93,827 | — | — | ||||||||||||
J.P. Morgan Securities LLC |
63,574,358 | 63,574,358 | — | — | ||||||||||||
Jefferies LLC |
12,650 | 12,650 | — | — | ||||||||||||
Morgan Stanley |
16,963,848 | 16,963,848 | — | — | ||||||||||||
National Financial Services LLC |
3,335,393 | 3,335,393 | — | — | ||||||||||||
Nomura Securities International, Inc. |
96,152 | 96,152 | — | — | ||||||||||||
RBC Capital Markets LLC |
109,344 | 109,344 | — | — | ||||||||||||
Scotia Capital (USA), Inc. |
5,807,172 | 5,807,172 | — | — | ||||||||||||
SG Americas Securities LLC |
8,510 | 8,510 | — | — | ||||||||||||
State Street Bank & Trust Co. |
2,392,159 | 2,392,159 | — | — | ||||||||||||
Toronto-Dominion Bank |
1,942,592 | 1,942,592 | — | — | ||||||||||||
UBS AG |
8,283,875 | 8,283,875 | — | — | ||||||||||||
UBS Securities LLC |
2,492,621 | 2,492,621 | — | — | ||||||||||||
Wells Fargo Bank N.A. |
1,144,083 | 1,144,083 | — | — | ||||||||||||
Wells Fargo Securities LLC |
1,170,429 | 1,170,429 | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$
|
368,370,896
|
|
$
|
368,370,896
|
|
$
|
—
|
|
$
|
—
|
| |||||
|
|
|
|
|
|
|
|
|||||||||
Russell 1000 Growth |
||||||||||||||||
Barclays Bank PLC |
$ | 46,440,537 | $ | 46,440,537 | $ | — | $ | — | ||||||||
Barclays Capital, Inc. |
4,970,085 | 4,970,085 | — | — | ||||||||||||
BMO Capital Markets Corp. |
17,845 | 17,769 | — | (76 | )(b) | |||||||||||
BNP Paribas SA |
219,085,331 | 219,085,331 | — | — | ||||||||||||
BofA Securities, Inc. |
21,125,483 | 21,125,483 | — | — | ||||||||||||
Citadel Clearing LLC |
219,780 | 219,780 | — | — | ||||||||||||
Citigroup Global Markets, Inc. |
57,717,065 | 57,717,065 | — | — | ||||||||||||
Credit Suisse Securities (USA) LLC |
770,867 | 770,867 | — | — | ||||||||||||
Deutsche Bank Securities, Inc. |
75,509 | 75,509 | — | — | ||||||||||||
Goldman Sachs & Co. LLC |
36,536,335 | 36,536,335 | — | — | ||||||||||||
HSBC Bank PLC |
87,524 | 87,524 | — | — | ||||||||||||
ING Financial Markets LLC |
194,530 | 194,530 | — | — | ||||||||||||
J.P. Morgan Securities LLC |
139,677,005 | 139,677,005 | — | — | ||||||||||||
Jefferies LLC |
727,982 | 727,982 | — | — | ||||||||||||
Mizuho Securities USA LLC |
491,534 | 491,534 | — | — | ||||||||||||
Morgan Stanley |
84,615,263 | 84,615,263 | — | — | ||||||||||||
National Financial Services LLC |
3,592,211 | 3,592,211 | — | — | ||||||||||||
Natixis SA |
7,396,875 | 7,396,875 | — | — | ||||||||||||
RBC Capital Markets LLC |
108,480,000 | 108,480,000 | — | — | ||||||||||||
Scotia Capital (USA), Inc. |
84,654,452 | 84,654,452 | — | — | ||||||||||||
SG Americas Securities LLC |
2,585,977 | 2,585,977 | — | — | ||||||||||||
State Street Bank & Trust Co. |
54,214,691 | 54,214,691 | — | — | ||||||||||||
Toronto-Dominion Bank |
173,558,912 | 173,558,912 | — | — | ||||||||||||
UBS AG |
30,428,493 | 30,428,493 | — | — | ||||||||||||
UBS Securities LLC |
25,523,065 | 25,523,065 | — | — | ||||||||||||
Virtu Americas LLC |
4,526,372 | 4,526,372 | — | — | ||||||||||||
Wells Fargo Bank N.A. |
12,950,644 | 12,950,644 | — | — | ||||||||||||
Wells Fargo Securities LLC |
1,857,833 | 1,857,833 | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$
|
1,122,522,200
|
|
$
|
1,122,522,124
|
|
$
|
—
|
|
$
|
(76
|
)
| |||||
|
|
|
|
|
|
|
|
N O T E S T O F I N A N C I A L S T A T E M E N T S |
139 |
Notes to Financial Statements (continued)
|
||||||||||||||||
iShares ETF and Counterparty |
|
Market Value of Securities on Loan |
|
|
Cash Collateral Received |
(a) |
|
Non-Cash Collateral Received |
|
Net Amount | ||||||
|
||||||||||||||||
Russell 1000 Value |
||||||||||||||||
Barclays Bank PLC |
$ | 36,941,696 | $ | 36,941,696 | $ | — | $ | — | ||||||||
Barclays Capital, Inc. |
9,921,857 | 9,921,857 | — | — | ||||||||||||
BMO Capital Markets Corp. |
132,285 | 132,285 | — | — | ||||||||||||
BNP Paribas SA |
93,353,497 | 93,353,497 | — | — | ||||||||||||
BofA Securities, Inc. |
34,157,888 | 34,157,888 | — | — | ||||||||||||
Citadel Clearing LLC |
1,165,853 | 1,165,853 | — | — | ||||||||||||
Citigroup Global Markets, Inc. |
85,485,646 | 85,485,646 | — | — | ||||||||||||
Credit Suisse Securities (USA) LLC |
656,679 | 656,679 | — | — | ||||||||||||
Deutsche Bank Securities, Inc. |
69,323 | 69,323 | — | — | ||||||||||||
Goldman Sachs & Co. LLC |
80,241,366 | 80,241,366 | — | — | ||||||||||||
ING Financial Markets LLC |
46,912 | 46,912 | — | — | ||||||||||||
J.P. Morgan Securities LLC |
57,010,976 | 57,010,976 | — | — | ||||||||||||
Jefferies LLC |
6,969,039 | 6,969,039 | — | — | ||||||||||||
Morgan Stanley |
22,732,355 | 22,732,355 | — | — | ||||||||||||
National Financial Services LLC |
2,772,064 | 2,772,064 | — | — | ||||||||||||
RBC Capital Markets LLC |
18,173,980 | 18,173,980 | — | — | ||||||||||||
Scotia Capital (USA), Inc. |
45,795,188 | 45,795,188 | — | — | ||||||||||||
SG Americas Securities LLC |
7,744,620 | 7,744,620 | — | — | ||||||||||||
State Street Bank & Trust Co. |
2,882,427 | 2,882,427 | — | — | ||||||||||||
Toronto-Dominion Bank |
2,196,057 | 2,196,057 | — | — | ||||||||||||
UBS AG |
3,286,957 | 3,286,957 | — | — | ||||||||||||
UBS Securities LLC |
5,774,437 | 5,774,437 | — | — | ||||||||||||
Virtu Americas LLC |
1,548,864 | 1,548,864 | — | — | ||||||||||||
Wells Fargo Bank N.A. |
11,041,200 | 11,041,200 | — | — | ||||||||||||
Wells Fargo Securities LLC |
4,993,809 | 4,993,809 | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$
|
535,094,975
|
|
$
|
535,094,975
|
|
$
|
—
|
|
$
|
—
|
| |||||
|
|
|
|
|
|
|
|
|||||||||
Russell 2000 |
||||||||||||||||
Barclays Bank PLC |
$ | 283,876,080 | $ | 283,876,080 | $ | — | $ | — | ||||||||
Barclays Capital, Inc. |
69,015,011 | 69,015,011 | — | — | ||||||||||||
BMO Capital Markets Corp. |
180,539 | 180,539 | — | — | ||||||||||||
BNP Paribas SA |
1,112,106,574 | 1,112,106,574 | — | — | ||||||||||||
BofA Securities, Inc. |
540,935,069 | 540,935,069 | — | — | ||||||||||||
Citadel Clearing LLC |
14,610,004 | 14,610,004 | — | — | ||||||||||||
Citigroup Global Markets, Inc. |
196,959,377 | 196,959,377 | — | — | ||||||||||||
Credit Suisse Securities (USA) LLC |
15,055,590 | 15,055,590 | — | — | ||||||||||||
Deutsche Bank Securities, Inc. |
221,338 | 221,338 | — | — | ||||||||||||
Goldman Sachs & Co. LLC |
588,747,040 | 588,747,040 | — | — | ||||||||||||
HSBC Bank PLC |
4,501,588 | 4,501,588 | — | — | ||||||||||||
ING Financial Markets LLC |
517,399 | 517,399 | — | — | ||||||||||||
J.P. Morgan Securities LLC |
1,306,161,472 | 1,306,161,472 | — | — | ||||||||||||
Jefferies LLC |
37,646,094 | 37,646,094 | — | — | ||||||||||||
Mizuho Securities USA LLC |
102,422 | 102,422 | — | — | ||||||||||||
Morgan Stanley |
796,708,701 | 796,708,701 | — | — | ||||||||||||
National Financial Services LLC |
174,943,505 | 174,943,505 | — | — | ||||||||||||
Natixis SA |
20,519,374 | 20,519,374 | — | — | ||||||||||||
Nomura Securities International, Inc. |
963,304 | 963,304 | — | — | ||||||||||||
Pershing LLC |
4,722,289 | 4,722,289 | — | — | ||||||||||||
RBC Capital Markets LLC |
3,650,725 | 3,650,725 | — | — | ||||||||||||
Scotia Capital (USA), Inc. |
20,602,651 | 20,602,651 | — | — | ||||||||||||
SG Americas Securities LLC |
14,155,490 | 14,155,490 | — | — | ||||||||||||
State Street Bank & Trust Co. |
89,384,059 | 89,384,059 | — | — | ||||||||||||
Toronto-Dominion Bank |
75,514,719 | 75,514,719 | — | — | ||||||||||||
UBS AG |
105,982,797 | 105,982,797 | — | — | ||||||||||||
UBS Securities LLC |
59,994,492 | 59,994,492 | — | — | ||||||||||||
Virtu Americas LLC |
620,688 | 620,688 | — | — | ||||||||||||
Wells Fargo Bank N.A. |
56,906,321 | 56,906,321 | — | — | ||||||||||||
Wells Fargo Securities LLC |
99,999,023 | 99,999,023 | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$
|
5,695,303,735
|
|
$ | 5,695,303,735 | $
|
—
|
|
$
|
—
|
| ||||||
|
|
|
|
|
|
|
|
140 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Notes to Financial Statements (continued)
|
||||||||||||||||
iShares ETF and Counterparty |
|
Market Value of Securities on Loan |
|
|
Cash Collateral Received |
(a) |
|
Non-Cash Collateral Received |
|
Net Amount | ||||||
|
||||||||||||||||
Russell 2000 Growth |
||||||||||||||||
Barclays Bank PLC |
$ | 38,768,716 | $ | 38,768,716 | $ | — | $ | — | ||||||||
Barclays Capital, Inc. |
18,547,212 | 18,547,212 | — | — | ||||||||||||
BMO Capital Markets Corp. |
156,432 | 156,432 | — | — | ||||||||||||
BNP Paribas SA |
281,849,820 | 281,849,820 | — | — | ||||||||||||
BofA Securities, Inc. |
100,156,411 | 100,156,411 | — | — | ||||||||||||
Citadel Clearing LLC |
3,762,155 | 3,762,155 | — | — | ||||||||||||
Citigroup Global Markets, Inc. |
67,880,035 | 67,880,035 | — | — | ||||||||||||
Credit Suisse Securities (USA) LLC |
1,641,512 | 1,641,512 | — | — | ||||||||||||
Deutsche Bank Securities, Inc. |
131,882 | 131,882 | — | — | ||||||||||||
Goldman Sachs & Co. LLC |
196,688,903 | 196,688,903 | — | — | ||||||||||||
HSBC Bank PLC |
5,913,874 | 5,913,874 | — | — | ||||||||||||
ING Financial Markets LLC |
956,314 | 956,314 | — | — | ||||||||||||
J.P. Morgan Securities LLC |
389,545,084 | 389,545,084 | — | — | ||||||||||||
Jefferies LLC |
2,118,618 | 2,118,618 | — | — | ||||||||||||
Mizuho Securities USA LLC |
475,068 | 475,068 | — | — | ||||||||||||
Morgan Stanley |
200,570,090 | 200,570,090 | — | — | ||||||||||||
National Financial Services LLC |
37,303,250 | 37,303,250 | — | — | ||||||||||||
Natixis SA |
6,662,038 | 6,662,038 | — | — | ||||||||||||
Nomura Securities International, Inc. |
394,074 | 394,074 | — | — | ||||||||||||
RBC Capital Markets LLC |
1,092,115 | 1,092,115 | — | — | ||||||||||||
Scotia Capital (USA), Inc. |
16,181,538 | 16,181,538 | — | — | ||||||||||||
SG Americas Securities LLC |
4,092,005 | 4,092,005 | — | — | ||||||||||||
State Street Bank & Trust Co. |
50,816,007 | 50,816,007 | — | — | ||||||||||||
Toronto-Dominion Bank |
24,863,611 | 24,863,611 | — | — | ||||||||||||
UBS AG |
36,338,973 | 36,338,973 | — | — | ||||||||||||
UBS Securities LLC |
20,266,074 | 20,266,074 | — | — | ||||||||||||
Wells Fargo Bank N.A. |
18,483,784 | 18,483,784 | — | — | ||||||||||||
Wells Fargo Securities LLC |
17,312,943 | 17,312,943 | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$
|
1,542,968,538
|
|
$
|
1,542,968,538
|
|
$
|
—
|
|
$
|
—
|
| |||||
|
|
|
|
|
|
|
|
|||||||||
Russell 2000 Value |
||||||||||||||||
Barclays Bank PLC |
$ | 33,645,821 | $ | 33,645,821 | $ | — | $ | — | ||||||||
Barclays Capital, Inc. |
11,038,718 | 11,038,718 | — | — | ||||||||||||
BMO Capital Markets Corp. |
8,552 | 8,552 | — | — | ||||||||||||
BNP Paribas SA |
122,020,467 | 122,020,467 | — | — | ||||||||||||
BofA Securities, Inc. |
88,720,371 | 88,720,371 | — | — | ||||||||||||
Citadel Clearing LLC |
31,668 | 31,668 | — | — | ||||||||||||
Citigroup Global Markets, Inc. |
26,933,033 | 26,933,033 | — | — | ||||||||||||
Credit Suisse Securities (USA) LLC |
835,112 | 835,112 | — | — | ||||||||||||
Deutsche Bank Securities, Inc. |
168,190 | 168,190 | — | — | ||||||||||||
Goldman Sachs & Co. LLC |
120,077,269 | 120,077,269 | — | — | ||||||||||||
HSBC Bank PLC |
982,776 | 982,776 | — | — | ||||||||||||
ING Financial Markets LLC |
105,772 | 105,772 | — | — | ||||||||||||
J.P. Morgan Securities LLC |
142,393,887 | 142,393,887 | — | — | ||||||||||||
Jefferies LLC |
6,283,113 | 6,283,113 | — | — | ||||||||||||
Morgan Stanley |
182,903,552 | 182,903,552 | — | — | ||||||||||||
National Financial Services LLC |
21,952,683 | 21,952,683 | — | — | ||||||||||||
Natixis SA |
992,984 | 992,984 | — | — | ||||||||||||
Pershing LLC |
334,512 | 334,512 | — | — | ||||||||||||
Scotia Capital (USA), Inc. |
7,294,418 | 7,294,418 | — | — | ||||||||||||
SG Americas Securities LLC |
3,964,513 | 3,964,513 | — | — | ||||||||||||
State Street Bank & Trust Co. |
10,824,980 | 10,824,980 | — | — | ||||||||||||
Toronto-Dominion Bank |
13,444,736 | 13,444,736 | — | — | ||||||||||||
UBS AG |
24,528,723 | 24,528,723 | — | — | ||||||||||||
UBS Securities LLC |
15,378,312 | 15,378,312 | — | — | ||||||||||||
Wells Fargo Bank N.A. |
15,347,969 | 15,347,969 | — | — | ||||||||||||
Wells Fargo Securities LLC |
34,804,014 | 34,804,014 | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$
|
885,016,145
|
|
$
|
885,016,145
|
|
$
|
—
|
|
$
|
—
|
| |||||
|
|
|
|
|
|
|
|
(a) |
Collateral received in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund’s statementof assets and liabilities. |
N O T E S T O F I N A N C I A L S T A T E M E N T S |
141 |
Notes to Financial Statements (continued)
(b) |
The market value of the loaned securities is determined as of March 31, 2022. Additional collateral is delivered to the Fund on the next business day in accordance with the MSLA. The net amount would be subject to the borrower default indemnity in the event of default by a counterparty. |
The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock, Inc. (“BlackRock”). BlackRock’s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.
5. |
DERIVATIVE FINANCIAL INSTRUMENTS |
Futures Contracts: Futures contracts are purchased or sold to gain exposure to, or manage exposure to, changes in interest rates (interest rate risk) and changes in the value of equity securities (equity risk) or foreign currencies (foreign currency exchange rate risk).
Futures contracts are exchange-traded agreements between the Funds and a counterparty to buy or sell a specific quantity of an underlying instrument at a specified price and on a specified date. Depending on the terms of a contract, it is settled either through physical delivery of the underlying instrument on the settlement date or by payment of a cash amount on the settlement date. Upon entering into a futures contract, the Funds are required to deposit initial margin with the broker in the form of cash or securities in an amount that varies depending on a contract’s size and risk profile. The initial margin deposit must then be maintained at an established level over the life of the contract. Amounts pledged, which are considered restricted, are included in cash pledged for futures contracts in the Statements of Assets and Liabilities.
Securities deposited as initial margin are designated in the Schedule of Investments and cash deposited, if any, are shown as cash pledged for futures contracts in the Statements of Assets and Liabilities. Pursuant to the contract, the Funds agree to receive from or pay to the broker an amount of cash equal to the daily fluctuation in market value of the contract (“variation margin”). Variation margin is recorded as unrealized appreciation (depreciation) and, if any, shown as variation margin receivable (or payable) on futures contracts in the Statements of Assets and Liabilities. When the contract is closed, a realized gain or loss is recorded in the Statements of Operations equal to the difference between the notional amount of the contract at the time it was opened and the notional amount at the time it was closed. The use of futures contracts involves the risk of an imperfect correlation in the movements in the price of futures contracts and interest rates, foreign currency exchange rates or underlying assets.
6. |
INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES |
Investment Advisory Fees: Pursuant to an Investment Advisory Agreement with the Trust, BFA manages the investment of each Fund’s assets. BFA is a California corporation indirectly owned by BlackRock. Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).
For its investment advisory services to each of the following Funds, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund as follows:
iShares ETF
|
Investment Advisory Fee
|
|||
Russell Top 200 |
0.15 | % | ||
Russell Top 200 Growth |
0.20 | |||
Russell Top 200 Value |
0.20 | |||
Russell 1000 |
0.15 |
For its investment advisory services to each of the iShares Russell 1000 Growth and iShares Russell 1000 Value ETFs, BFA is entitled to an annual investment advisoryfee, accrued daily and paid monthly by the Funds, based on each Fund’s allocable portion of the aggregate of the average daily net assets of the Fund and certain otheriShares funds, as follows:
Aggregate Average Daily Net Assets
|
Investment Advisory Fee
|
|||
First $121 billion |
0.2000 | % | ||
Over $121 billion, up to and including $181 billion |
0.1900 | |||
Over $181 billion, up to and including $231 billion |
0.1805 | |||
Over $231 billion, up to and including $281 billion |
0.1715 | |||
Over $281 billion |
0.1630 |
142 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Notes to Financial Statements (continued)
For its investment advisory services to the iShares Russell 2000 ETF, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Fund, based on the Fund’s allocable portion of the aggregate of the average daily net assets of the Fund and certain other iShares funds, as follows:
Aggregate Average Daily Net Assets
|
Investment Advisory Fee
|
|||
First $46 billion |
0.2000 | % | ||
Over $46 billion, up to and including $81 billion |
0.1900 | |||
Over $81 billion, up to and including $111 billion |
0.1805 | |||
Over $111 billion, up to and including $141 billion |
0.1715 | |||
Over $141 billion, up to and including $171 billion |
0.1630 | |||
Over $171 billion |
0.1548 |
Prior to July 14, 2021, for its investment advisory services to the iShares Russell 2000 ETF, BFA was entitled to an annual investment advisory fee, accrued daily and paid monthly by the Fund, based on the Fund’s allocable portion of the aggregate of the average daily net assets of the Fund and certain other iShares funds, as follows:
Aggregate Average Daily Net Assets
|
Investment Advisory Fee
|
|||
First $46 billion |
0.2000 | % | ||
Over $46 billion, up to and including $81 billion |
0.1900 | |||
Over $81 billion, up to and including $111 billion |
0.1805 | |||
Over $111 billion, up to and including $141 billion |
0.1715 | |||
Over $141 billion |
0.1630 |
For its investment advisory services to each of the iShares Russell 2000 Growth and iShares Russell 2000 Value ETFs, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on each Fund’s allocable portion of the aggregate of the average daily net assets of the Fund and certain other iShares funds, as follows:
Aggregate Average Daily Net Assets
|
Investment Advisory Fee
|
|||
First $46 billion |
0.2500 | % | ||
Over $46 billion, up to and including $81 billion |
0.2375 | |||
Over $81 billion, up to and including $111 billion |
0.2257 | |||
Over $111 billion, up to and including $141 billion |
0.2144 | |||
Over $141 billion, up to and including $171 billion |
0.2037 | |||
Over $171 billion |
0.1935 |
Prior to July 14, 2021, for its investment advisory services to each of the iShares Russell 2000 Growth and iShares Russell 2000 Value ETFs, BFA was entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on each Fund’s allocable portion of the aggregate of the average daily net assets of the Fund and certain other iShares funds, as follows:
Aggregate Average Daily Net Assets
|
Investment Advisory Fee
|
|||
First $46 billion |
0.2500 | % | ||
Over $46 billion, up to and including $81 billion |
0.2375 | |||
Over $81 billion, up to and including $111 billion |
0.2257 | |||
Over $111 billion, up to and including $141 billion |
0.2144 | |||
Over $141 billion |
0.2037 |
Distributor: BlackRock Investments, LLC, an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.
Securities Lending: The U.S. Securities and Exchange Commission (the “SEC”) has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. (“BTC”), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the “collateral investment fees”). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. The money market fund in which the cash collateral has been invested may, under certain circumstances, impose a liquidity fee of up to 2% of the value redeemed or temporarily restrict redemptions for up to 10 business days during a 90 day period, in the event that the money market fund’s weekly liquid assets fall below certain thresholds.
Securities lending income is equal to the total of income earned from the reinvestment of cash collateral, net of fees and other payments to and from borrowers of securities, and less the collateral investment fees. Each Fund retains a portion of securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.
N O T E S T O F I N A N C I A L S T A T E M E N T S |
143 |
Notes to Financial Statements (continued)
Pursuant to the current securities lending agreement, each Fund retains 81% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.
In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across all 1940 Act iShares exchange-traded funds (the “iShares ETF Complex”) in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 81% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.
Prior to January 1, 2022, each Fund retained 77% of securities lending income (which excludes collateral investment fees) and the amount retained was not less than 70% of the total of securities lending income plus the collateral investment fees. In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across the iShares ETF Complex in a calendar year exceeded a specified threshold, each Fund, pursuant to the securities lending agreement, retained for the remainder of that calendar year 81% of securities lending income (which excludes collateral investment fees), and the amount retained could never be less than 70% of the total of securities lending income plus the collateral investment fees.
The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the year ended March 31, 2022, the Funds paid BTC the following amounts for securities lending agent services:
iShares ETF
|
Fees Paid to BTC
| |||
Russell Top 200 |
$ | 1,718 | ||
Russell Top 200 Growth |
10,389 | |||
Russell Top 200 Value |
850 | |||
Russell 1000 |
373,953 | |||
Russell 1000 Growth |
1,127,493 | |||
Russell 1000 Value |
459,043 | |||
Russell 2000 |
12,766,310 | |||
Russell 2000 Growth |
3,233,569 | |||
Russell 2000 Value |
1,852,828 |
Officers and Trustees: Certain officers and/or trustees of the Trust are officers and/or trustees of BlackRock or its affiliates.
Other Transactions: Cross trading is the buying or selling of portfolio securities between funds to which BFA (or an affiliate) serves as investment adviser. At its regularly scheduled quarterly meetings, the Board reviews such transactions as of the most recent calendar quarter for compliance with the requirements and restrictions set forth by Rule 17a-7.
For the year ended March 31, 2022, transactions executed by the Funds pursuant to Rule 17a-7 under the 1940 Act were as follows:
iShares ETF
|
Purchases
|
Sales
|
Net Realized Gain (Loss)
| |||||||||
Russell Top 200 |
$ | 16,453,300 | $ | 9,149,115 | $ | (460,349 | ) | |||||
Russell Top 200 Growth |
242,881,835 | 119,558,592 | (4,989,937 | ) | ||||||||
Russell Top 200 Value |
104,985,929 | 47,674,743 | (511,566 | ) | ||||||||
Russell 1000 |
601,464,820 | 420,219,537 | (88,243,514 | ) | ||||||||
Russell 1000 Growth |
5,093,555,281 | 2,726,360,987 | (166,856,682 | ) | ||||||||
Russell 1000 Value |
5,360,188,416 | 4,642,921,221 | 480,782,855 | |||||||||
Russell 2000 |
1,328,395,204 | 3,253,588,370 | 29,407,988 | |||||||||
Russell 2000 Growth |
1,832,034,487 | 2,326,256,823 | 97,144,083 | |||||||||
Russell 2000 Value |
1,889,642,857 | 1,679,906,383 | 47,185,679 |
Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.
A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund’s underlying index.
144 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Notes to Financial Statements (continued)
7. |
PURCHASES AND SALES |
For the year ended March 31, 2022, purchases and sales of investments, excluding short-term investments and in-kind transactions, were as follows:
iShares ETF
|
Purchases
|
Sales
| ||||||
Russell Top 200 |
$ | 40,461,204 | $ | 40,996,930 | ||||
Russell Top 200 Growth |
415,391,490 | 408,745,057 | ||||||
Russell Top 200 Value |
183,473,314 | 185,596,704 | ||||||
Russell 1000 |
1,762,470,899 | 1,771,964,952 | ||||||
Russell 1000 Growth |
9,237,152,341 | 9,223,069,652 | ||||||
Russell 1000 Value |
9,259,601,719 | 9,192,352,226 | ||||||
Russell 2000 |
15,231,128,264 | 15,208,468,310 | ||||||
Russell 2000 Growth |
4,673,823,675 | 4,685,453,366 | ||||||
Russell 2000 Value |
5,476,798,995 | 5,440,133,721 |
For the year ended March 31, 2022, in-kind transactions were as follows:
iShares ETF
|
In-kind Purchases
|
In-kind Sales
| ||||||
Russell Top 200 |
$ | 282,294,453 | $ | 225,519,089 | ||||
Russell Top 200 Growth |
1,596,708,008 | 921,193,049 | ||||||
Russell Top 200 Value |
424,662,114 | 395,895,420 | ||||||
Russell 1000 |
5,560,697,662 | 5,554,289,973 | ||||||
Russell 1000 Growth |
19,281,790,815 | 20,627,818,604 | ||||||
Russell 1000 Value |
12,730,999,361 | 10,837,114,326 | ||||||
Russell 2000 |
88,244,227,495 | 90,860,276,471 | ||||||
Russell 2000 Growth |
5,122,191,069 | 4,555,484,133 | ||||||
Russell 2000 Value |
4,963,332,868 | 6,896,438,219 |
8. |
INCOME TAX INFORMATION |
Each Fund is treated as an entity separate from the Trust’s other funds for federal income tax purposes. It is each Fund’s policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.
Management has analyzed tax laws and regulations and their application to the Funds as of March 31, 2022, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds’ financial statements.
U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of March 31, 2022, permanent differences attributable to distributions paid in excess of taxable income and realized gains (losses) from in-kind redemptions were reclassified to the following accounts:
iShares ETF
|
Paid-in Capital
|
Accumulated Earnings (Loss)
| ||||||
Russell Top 200 |
$ | 90,956,012 | $ | (90,956,012 | ) | |||
Russell Top 200 Growth |
453,269,647 | (453,269,647 | ) | |||||
Russell Top 200 Value |
136,950,638 | (136,950,638 | ) | |||||
Russell 1000 |
2,760,006,485 | (2,760,006,485 | ) | |||||
Russell 1000 Growth |
11,756,792,919 | (11,756,792,919 | ) | |||||
Russell 1000 Value |
4,092,132,179 | (4,092,132,179 | ) | |||||
Russell 2000 |
11,418,922,235 | (11,418,922,235 | ) | |||||
Russell 2000 Growth |
1,601,588,776 | (1,601,588,776 | ) | |||||
Russell 2000 Value |
2,577,153,666 | (2,577,153,666 | ) |
The tax character of distributions paid was as follows:
iShares ETF
|
Year Ended 03/31/22
|
Year Ended 03/31/21
|
||||||
Russell Top 200 |
||||||||
Ordinary income |
$ | 11,546,241 | $ | 11,376,261 | ||||
|
|
|
|
|||||
Russell Top 200 Growth |
||||||||
Ordinary income |
$ | 24,456,769 | $ | 23,069,276 | ||||
|
|
|
|
N O T E S T O F I N A N C I A L S T A T E M E N T S |
145 |
Notes to Financial Statements (continued)
iShares ETF
|
Year Ended 03/31/22
|
Year Ended
|
||||||
Russell Top 200 Value |
||||||||
Ordinary income |
$ | 22,928,866 | $ | 17,442,740 | ||||
|
|
|
|
|||||
Russell 1000 |
||||||||
Ordinary income |
$ | 357,765,384 | $ | 354,009,239 | ||||
|
|
|
|
|||||
Russell 1000 Growth |
||||||||
Ordinary income |
$ | 401,934,860 | $ | 411,316,899 | ||||
|
|
|
|
|||||
Russell 1000 Value |
||||||||
Ordinary income |
$ | 973,061,947 | $ | 827,083,590 | ||||
|
|
|
|
|||||
Russell 2000 |
||||||||
Ordinary income |
$ | 646,681,067 | $ | 551,110,344 | ||||
|
|
|
|
|||||
Russell 2000 Growth |
||||||||
Ordinary income |
$ | 38,453,082 | $ | 48,359,274 | ||||
|
|
|
|
|||||
Russell 2000 Value |
||||||||
Ordinary income |
$ | 248,644,243 | $ | 177,203,668 | ||||
|
|
|
|
As of March 31, 2022, the tax components of accumulated net earnings (losses) were as follows:
iShares ETF
|
|
Undistributed Ordinary Income
|
|
|
Non-expiring Capital Loss Carryforwards
|
(a)
|
|
Net Unrealized Gains (Losses)
|
(b)
|
|
Qualified Late-Year Losses
|
(c)
|
|
Total
|
| |||||
Russell Top 200 |
$ | 106,642 | $ | (11,215,984 | ) | $ | 211,012,873 | $ | — | $ | 199,903,531 | |||||||||
Russell Top 200 Growth |
— | (87,537,359 | ) | 1,322,699,454 | — | 1,235,162,095 | ||||||||||||||
Russell Top 200 Value |
337,121 | (43,326,562 | ) | 198,366,129 | — | 155,376,688 | ||||||||||||||
Russell 1000 |
— | (666,718,178 | ) | 8,010,007,582 | — | 7,343,289,404 | ||||||||||||||
Russell 1000 Growth |
7,452,965 | (1,603,451,678 | ) | 24,160,906,171 | — | 22,564,907,458 | ||||||||||||||
Russell 1000 Value |
10,173,740 | (2,426,541,811 | ) | 10,153,729,845 | — | 7,737,361,774 | ||||||||||||||
Russell 2000 |
— | (9,508,088,657 | ) | (17,721,489,953 | ) | (1,148,939 | ) | (27,230,727,549 | ) | |||||||||||
Russell 2000 Growth |
— | (934,647,008 | ) | (1,041,458,186 | ) | (229,066 | ) | (1,976,334,260 | ) | |||||||||||
Russell 2000 Value |
— | (1,454,504,025 | ) | 518,139,798 | — | (936,364,227 | ) |
(a) |
Amounts available to offset future realized capital gains. |
(b) |
The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, the realization for tax purposes of unrealized gains (losses) on certain futures contracts, the timing and recognition of partnership income, the characterization of corporate actions and the realization for tax purposes of unrealized gains on investments in passive foreign investment companies. |
(c) |
The Funds have elected to defer certain qualified late-year losses and recognize such losses in the next taxable year. |
For the year ended March 31, 2022, the Funds listed below utilized the following amounts of their respective capital loss carryforwards:
iShares ETF
|
Utilized
| |||
Russell 1000 Value |
$ | 693,257,471 | ||
Russell 2000 Growth |
387,389,371 | |||
Russell 2000 Value |
125,998,624 |
A fund may own shares in certain foreign investment entities, referred to, under U.S. tax law, as “passive foreign investment companies.” Such fund may elect to mark-to-market annually the shares of each passive foreign investment company and would be required to distribute to shareholders any such marked-to-market gains.
146 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Notes to Financial Statements (continued)
As of March 31, 2022, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:
iShares ETF
|
|
Tax Cost
|
|
|
Gross Unrealized Appreciation
|
|
|
Gross Unrealized Depreciation
|
|
|
Net Unrealized Appreciation (Depreciation)
|
| ||||
Russell Top 200 |
$ | 830,809,468 | $ | 234,388,019 | $ | (23,375,146 | ) | $ | 211,012,873 | |||||||
Russell Top 200 Growth |
3,505,749,312 | 1,390,716,694 | (68,017,240 | ) | 1,322,699,454 | |||||||||||
Russell Top 200 Value |
1,089,450,758 | 225,064,895 | (26,698,766 | ) | 198,366,129 | |||||||||||
Russell 1000 |
22,773,898,813 | 9,165,480,038 | (1,155,472,456 | ) | 8,010,007,582 | |||||||||||
Russell 1000 Growth |
47,730,047,073 | 25,915,825,540 | (1,754,919,369 | ) | 24,160,906,171 | |||||||||||
Russell 1000 Value |
48,372,186,262 | 12,267,334,015 | (2,113,604,170 | ) | 10,153,729,845 | |||||||||||
Russell 2000 |
85,629,840,812 | 2,270,841,210 | (19,992,331,163 | ) | (17,721,489,953 | ) | ||||||||||
Russell 2000 Growth |
13,485,465,723 | 1,354,490,836 | (2,395,949,022 | ) | (1,041,458,186 | ) | ||||||||||
Russell 2000 Value |
15,059,376,912 | 2,362,144,573 | (1,844,004,775 | ) | 518,139,798 |
9. |
PRINCIPAL RISKS |
In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject the Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund’s prospectus provides details of the risks to which the Fund is subject.
BFA uses a “passive” or index approach to try to achieve each Fund’s investment objective following the securities included in its underlying index during upturns as well as downturns. BFA does not take steps to reduce market exposure or to lessen the effects of a declining market. Divergence from the underlying index and the composition of the portfolio is monitored by BFA.
The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to redemption gates or liquidity fees under certain circumstances.
Market Risk: An outbreak of respiratory disease caused by a novel coronavirus has developed into a global pandemic and has resulted in closing borders, quarantines, disruptions to supply chains and customer activity, as well as general concern and uncertainty. The impact of this pandemic, and other global health crises that may arise in the future, could affect the economies of many nations, individual companies and the market in general in ways that cannot necessarily be foreseen at the present time. This pandemic may result in substantial market volatility and may adversely impact the prices and liquidity of a fund’s investments. Although vaccines have been developed and approved for use by various governments, the duration of this pandemic and its effects cannot be determined with certainty.
Valuation Risk: The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particular industry or industries. A fund may invest in illiquid investments. An illiquid investment is any investment that a fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. A fund may experience difficulty in selling illiquid investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended periods in response to company, market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause a fund’s NAV to experience significant increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of a fund may lose value, regardless of the individual results of the securities and other instruments in which a fund invests.
The price each Fund could receive upon the sale of any particular portfolio investment may differ from each Fund’s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation technique or a price provided by an independent pricing service. Changes to significant unobservable inputs and assumptions (i.e., publicly traded company multiples, growth rate, time to exit) due to the lack of observable inputs.
Counterparty Credit Risk: The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that the Manager believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds’ exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.
A derivative contract may suffer a mark-to-market loss if the value of the contract decreases due to an unfavorable change in the market rates or values of the underlying instrument. Losses can also occur if the counterparty does not perform under the contract.
With exchange-traded futures, there is less counterparty credit risk to the Funds since the exchange or clearinghouse, as counterparty to such instruments, guarantees against a possible default. The clearinghouse stands between the buyer and the seller of the contract; therefore, credit risk is limited to failure of the clearinghouse. While
N O T E S T O F I N A N C I A L S T A T E M E N T S |
147 |
Notes to Financial Statements (continued)
offset rights may exist under applicable law, a Fund does not have a contractual right of offset against a clearing broker or clearinghouse in the event of a default (including the bankruptcy or insolvency). Additionally, credit risk exists in exchange-traded futures with respect to initial and variation margin that is held in a clearing broker’s customer accounts. While clearing brokers are required to segregate customer margin from their own assets, in the event that a clearing broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the clearing broker for all its clients, typically the shortfall would be allocated on a pro rata basis across all the clearing broker’s customers, potentially resulting in losses to the Funds.
Concentration Risk: A diversified portfolio, where this is appropriate and consistent with a fund’s objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund’s portfolio are disclosed in its Schedule of Investments.
Certain Funds invest a significant portion of their assets in securities within a single or limited number of market sectors. When a Fund concentrates its investments in this manner, it assumes the risk that economic, regulatory, political and social conditions affecting such sectors may have a significant impact on the fund and could affect the income from, or the value or liquidity of, the fund’s portfolio. Investment percentages in specific sectors are presented in the Schedule of Investments.
Significant Shareholder Redemption Risk: Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a Fund to sell portfolio securities, which may negatively impact the fund’s NAV, increase the fund’s brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.
LIBOR Transition Risk: The United Kingdom’s Financial Conduct Authority announced a phase out of the London Interbank Offered Rate (“LIBOR”). Although many LIBOR rates ceased to be published or no longer are representative of the underlying market they seek to measure after December 31, 2021, a selection of widely used USD LIBOR rates will continue to be published through June 2023 in order to assist with the transition. The Funds may be exposed to financial instruments tied to LIBOR to determine payment obligations, financing terms, hedging strategies or investment value. The transition process away from LIBOR might lead to increased volatility and illiquidity in markets for, and reduce the effectiveness of new hedges placed against instruments whose terms currently include LIBOR. The ultimate effect of the LIBOR transition process on the Funds is uncertain.
10. |
CAPITAL SHARE TRANSACTIONS |
Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof (“Creation Units”) at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.
Transactions in capital shares were as follows:
|
||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
|||||||||||||||
|
|
|
|
|||||||||||||
iShares ETF
|
Shares
|
Amount
|
Shares
|
Amount
|
||||||||||||
|
||||||||||||||||
Russell Top 200 |
||||||||||||||||
Shares sold |
2,650,000 | $ | 283,025,557 | 5,400,000 | $ | 403,904,934 | ||||||||||
Shares redeemed |
(2,150,000 | ) | (227,001,091 | ) | (2,250,000 | ) | (198,913,477 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase |
500,000 | $ | 56,024,466 | 3,150,000 | $ | 204,991,457 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Russell Top 200 Growth |
||||||||||||||||
Shares sold |
10,200,000 | $ | 1,599,356,266 | 10,200,000 | $ | 1,139,281,886 | ||||||||||
Shares redeemed |
(6,050,000 | ) | (916,512,668 | ) | (3,900,000 | ) | (480,521,529 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase |
4,150,000 | $ | 682,843,598 | 6,300,000 | $ | 658,760,357 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Russell Top 200 Value |
||||||||||||||||
Shares sold |
6,300,000 | $ | 425,716,600 | 10,250,000 | $ | 537,424,577 | ||||||||||
Shares redeemed |
(5,950,000 | ) | (399,609,308 | ) | (950,000 | ) | (50,118,590 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase |
350,000 | $ | 26,107,292 | 9,300,000 | $ | 487,305,987 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Russell 1000 |
||||||||||||||||
Shares sold |
22,500,000 | $ | 5,575,530,487 | 18,700,000 | $ | 3,608,974,020 | ||||||||||
Shares redeemed |
(22,200,000 | ) | (5,569,931,565 | ) | (23,950,000 | ) | (4,611,910,842 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) |
300,000 | $ | 5,598,922 | (5,250,000 | ) | $ | (1,002,936,822 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Russell 1000 Growth |
||||||||||||||||
Shares sold |
70,050,000 | $ | 19,313,363,514 | 39,800,000 | $ | 8,178,323,867 | ||||||||||
Shares redeemed |
(74,900,000 | ) | (20,648,774,951 | ) | (64,200,000 | ) | (13,608,361,383 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net decrease |
(4,850,000 | ) | $ | (1,335,411,437 | ) | (24,400,000 | ) | $ | (5,430,037,516 | ) | ||||||
|
|
|
|
|
|
|
|
|||||||||
Russell 1000 Value |
||||||||||||||||
Shares sold |
79,150,000 | $ | 12,783,707,883 | 72,300,000 | $ | 9,602,615,676 | ||||||||||
Shares redeemed |
(67,200,000 | ) | (10,905,546,928 | ) | (49,000,000 | ) | (5,872,737,136 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase |
11,950,000 | $ | 1,878,160,955 | 23,300,000 | $ | 3,729,878,540 | ||||||||||
|
|
|
|
|
|
|
|
148 |
2 0 2 2 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S |
Notes to Financial Statements (continued)
|
||||||||||||||||
Year Ended 03/31/22 |
Year Ended 03/31/21 |
|||||||||||||||
iShares ETF
|
Shares
|
Amount
|
Shares
|
Amount
|
||||||||||||
|
||||||||||||||||
Russell 2000 |
||||||||||||||||
Shares sold |
426,400,000 | $ | 93,255,342,373 | 598,650,000 | $ | 99,881,922,980 | ||||||||||
Shares redeemed |
(439,200,000 | ) | (96,019,884,011 | ) | (568,700,000 | ) | (91,967,455,939 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) |
(12,800,000 | ) | $ | (2,764,541,638 | ) | 29,950,000 | $ | 7,914,467,041 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Russell 2000 Growth |
||||||||||||||||
Shares sold |
17,950,000 | $ | 5,179,049,200 | 10,750,000 | $ | 2,590,349,644 | ||||||||||
Shares redeemed |
(15,900,000 | ) | (4,605,946,186 | ) | (14,200,000 | ) | (3,330,461,784 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) |
2,050,000 | $ | 573,103,014 | (3,450,000 | ) | $ | (740,112,140 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Russell 2000 Value |
||||||||||||||||
Shares sold |
33,300,000 | $ | 5,495,477,619 | 48,050,000 | $ | 6,188,984,235 | ||||||||||
Shares redeemed |
(45,050,000 | ) | (7,407,323,006 | ) | (25,750,000 | ) | (2,990,244,755 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) |
(11,750,000 | ) | $ | (1,911,845,387 | ) | 22,300,000 | $ | 3,198,739,480 | ||||||||
|
|
|
|
|
|
|
|
The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Investors purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to State Street Bank and Trust Company, the Trust’s administrator, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Investors transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.
From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.
11. |
LEGAL PROCEEDINGS |
Certain iShares funds (the “Impacted Funds”), along with thousands of other former shareholders of Tribune Company (“Tribune”), were named as defendants in one or more lawsuits (the “Litigation”) arising out of Tribune’s 2007 leveraged buyout transaction (“LBO”). The Litigation sought to “claw back” from former Tribune shareholders, including the Impacted Funds, proceeds received in connection with the LBO. The iShares Russell 1000 ETF and iShares Russell 1000 Value ETF received proceeds of $750,618 and $4,187,372, respectively, in the LBO. The claims that were originally brought against the Impacted Funds were dismissed but were subject to various appeals. On February 22, 2022, the United States Supreme Court refused to hear the last of these appeals and, accordingly, the Litigation is now closed.
12. |
SUBSEQUENT EVENTS |
Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.
N O T E S T O F I N A N C I A L S T A T E M E N T S |
149 |
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of iShares Trust and
Shareholders of iShares Russell Top 200 ETF, iShares Russell Top 200 Growth ETF, iShares Russell Top 200 Value ETF, iShares Russell 1000 ETF, iShares Russell 1000 Growth ETF, iShares Russell 1000 Value ETF, iShares Russell 2000 ETF, iShares Russell 2000 Growth ETF and iShares Russell 2000 Value ETF
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of iShares Russell Top 200 ETF, iShares Russell Top 200 Growth ETF, iShares Russell Top 200 Value ETF, iShares Russell 1000 ETF, iShares Russell 1000 Growth ETF, iShares Russell 1000 Value ETF, iShares Russell 2000 ETF, iShares Russell 2000 Growth ETF and iShares Russell 2000 Value ETF (nine of the funds constituting iShares Trust, hereafter collectively referred to as the “Funds”) as of March 31, 2022, the related statements of operations for the year ended March 31, 2022, the statements of changes in net assets for each of the two years in the period ended March 31, 2022, including the related notes, and the financial highlights for each of the five years in the period ended March 31, 2022 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of March 31, 2022, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended March 31, 2022 and each of the financial highlights for each of the five years in the period ended March 31, 2022 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinions
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of March 31, 2022 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
May 24, 2022
We have served as the auditor of one or more BlackRock investment companies since 2000.
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Important Tax Information (unaudited) |
The following amounts, or maximum amounts allowable by law, are hereby designated as qualified dividend income for individuals for the fiscal year ended March 31, 2022:
iShares ETF
|
Qualified Dividend
|
|||
Russell Top 200 |
$ | 12,760,512 | ||
Russell Top 200 Growth |
31,446,770 | |||
Russell Top 200 Value |
25,078,728 | |||
Russell 1000 |
379,930,842 | |||
Russell 1000 Growth |
496,035,905 | |||
Russell 1000 Value |
1,018,695,866 | |||
Russell 2000 |
569,310,881 | |||
Russell 2000 Growth |
54,181,340 | |||
Russell 2000 Value |
200,336,022 |
The following amounts, or maximum amounts allowable by law, are hereby designated as qualified business income for individuals for the fiscal year ended March 31, 2022:
iShares ETF
|
Qualified Business
|
|||
Russell Top 200 |
$ | 175,780 | ||
Russell Top 200 Growth |
783,410 | |||
Russell Top 200 Value |
153,155 | |||
Russell 1000 |
11,171,593 | |||
Russell 1000 Growth |
16,213,866 | |||
Russell 1000 Value |
26,799,511 | |||
Russell 2000 |
62,788,936 | |||
Russell 2000 Growth |
2,058,290 | |||
Russell 2000 Value |
27,016,286 |
The following percentage, or maximum percentage allowable by law, of ordinary income distributions paid during the fiscal year ended March 31, 2022 qualified for the dividends-received deduction for corporate shareholders:
iShares ETF
|
Dividends-Received
|
|||
Russell Top 200 |
100.00 | % | ||
Russell Top 200 Growth |
100.00 | % | ||
Russell Top 200 Value |
100.00 | % | ||
Russell 1000 |
100.00 | % | ||
Russell 1000 Growth |
100.00 | % | ||
Russell 1000 Value |
100.00 | % | ||
Russell 2000 |
87.29 | % | ||
Russell 2000 Growth |
100.00 | % | ||
Russell 2000 Value |
79.66 | % |
I M P O R T A N T T A X I N F O R M A T I O N |
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Statement Regarding Liquidity Risk Management Program (unaudited) |
In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), iShares Trust (the “Trust”) has adopted and implemented a liquidity risk management program (the “Program”) for iShares Russell Top 200 ETF, iShares Russell Top 200 Growth ETF, iShares Russell Top 200 Value ETF, iShares Russell 1000 ETF, iShares Russell 1000 Growth ETF, iShares Russell 1000 Value ETF, iShares Russell 2000 ETF, iShares Russell 2000 Growth ETF and iShares Russell 2000 Value ETF (the “Funds” or “ETFs”), each a series of the Trust, which is reasonably designed to assess and manage each Fund’s liquidity risk.
The Board of Trustees (the “Board”) of the Trust, on behalf of the Funds, met on December 9, 2021 (the “Meeting”) to review the Program. The Board previously appointed BlackRock Fund Advisors (“BlackRock”), the investment adviser to the Funds, as the program administrator for each Fund’s Program. BlackRock also previously delegated oversight of the Program to the 40 Act Liquidity Risk Management Committee (the “Committee”). At the Meeting, the Committee, on behalf of BlackRock, provided the Board with a report that addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including the management of each Fund’s Highly Liquid Investment Minimum (“HLIM”) where applicable, and any material changes to the Program (the “Report”). The Report covered the period from October 1, 2020 through September 30, 2021 (the “Program Reporting Period”).
The Report described the Program’s liquidity classification methodology for categorizing each Fund’s investments (including derivative transactions) into one of four liquidity buckets. It also referenced the methodology used by BlackRock to establish each Fund’s HLIM and noted that the Committee reviews and ratifies the HLIM assigned to each Fund no less frequently than annually. The Report also discussed notable events affecting liquidity over the Program Reporting Period, including extended market holidays and the imposition of capital controls in certain non-U.S. countries.
The Report noted that the Program complied with the key factors for consideration under the Liquidity Rule for assessing, managing and periodically reviewing each Fund’s liquidity risk, as follows:
a) |
The Fund’s investment strategy and liquidity of portfolio investments during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed whether each Fund’s strategy is appropriate for an open-end fund structure, with a focus on funds with more significant and consistent holdings of less liquid and illiquid assets. The Committee also factored a fund’s concentration in an issuer into the liquidity classification methodology by taking issuer position sizes into account. Derivative exposure was also considered in the calculation of a fund’s liquidity bucketing. Finally, a factor for consideration under the Liquidity Rule is a Fund’s use of borrowings for investment purposes. However, the Funds do not borrow for investment purposes. |
b) |
Short-term and long-term cash flow projections during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed historical redemption activity and used this information as a component to establish each ETF’s reasonably anticipated trading size (“RATS”). The Committee may also take into consideration a fund’s shareholder ownership concentration (which, depending on product type and distribution channel, may or may not be available), a fund’s distribution channels, and the degree of certainty associated with a fund’s short-term and long-term cash flow projections. |
c) |
Holdings of cash and cash equivalents, as well as borrowing arrangements. The Committee considered that ETFs generally do not hold more than de minimis amounts of cash. While the ETFs generally do not engage in borrowing, certain of the ETFs have the flexibility to draw on a line of credit to meet redemption requests or facilitate settlements. |
d) |
The relationship between an ETF’s portfolio liquidity and the way in which, and the prices and spreads at which, ETF shares trade, including the efficiency of the arbitrage function and the level of active participation by market participants, including authorized participants. The Committee monitored the prevailing bid/ask spread and the ETF price premium (or discount) to NAV for all ETFs and reviewed any persistent deviations from long-term averages. |
e) |
The effect of the composition of baskets on the overall liquidity of an ETF’s portfolio. In reviewing the linkage between the composition of custom baskets accepted by an ETF and any significant change in the liquidity profile of such ETF, the Committee reviewed changes in the proportion of each ETF’s portfolio comprised of less liquid and illiquid holdings to determine if applicable thresholds were met requiring enhanced review. |
As part of BlackRock’s continuous review of the effectiveness of the Program, the Committee made the following material changes to the Program: (1) updates to certain model components in the Program’s methodology; and (2) certain iShares Funds entered into a $800 million credit agreement with a group of lenders that replaced a previous liquidity facility. The Report provided to the Board stated that the Committee concluded that based on the operation of the functions, as described in the Report, the Program is operating as intended and is effective in implementing the requirements of the Liquidity Rule.
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Supplemental Information (unaudited)
Regulation Regarding Derivatives
On October 28, 2020, the Securities and Exchange Commission (the “SEC”) adopted regulations governing the use of derivatives by registered investment companies (“Rule 18f-4”). The Funds will be required to implement and comply with Rule 18f-4 by August 19, 2022. Once implemented, Rule 18f-4 will impose limits on the amount of derivatives a fund can enter into, eliminate the asset segregation framework currently used by funds to comply with Section 18 of the 1940 Act, treat derivatives as senior securities and require funds whose use of derivatives is more than a limited specified exposure amount to establish and maintain a comprehensive derivatives risk management program and appoint a derivatives risk manager.
Section 19(a) Notices
The amounts and sources of distributions reported are estimates and are being provided pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources for tax reporting purposes will depend upon each Fund’s investment experience during the year and may be subject to changes based on tax regulations. Shareholders will receive a Form 1099-DIV each calendar year that will inform them how to report these distributions for federal income tax purposes.
March 31, 2022
Total Cumulative Distributions for the Fiscal Year
|
% Breakdown of the Total Cumulative Distributions for the Fiscal Year
|
|||||||||||||||||||||||||||||||||
iShares ETF
|
Net
|
Net Realized
|
Return of
|
Total Per
|
Net
|
Net Realized
|
Return of
|
Total Per
|
||||||||||||||||||||||||||
Russell Top 200(a) |
$ | 1.273482 | $ | — | $ | 0.005954 | $ | 1.279436 | 100 | % | — | % | 0 | %(b) | 100 | % | ||||||||||||||||||
Russell Top 200 Growth(a) |
0.880049 | — | 0.007518 | 0.887567 | 99 | — | 1 | 100 | ||||||||||||||||||||||||||
Russell Top 200 Value(a) |
1.277450 | — | 0.003516 | 1.280966 | 100 | — | 0 | (b) | 100 | |||||||||||||||||||||||||
Russell 1000(a) |
2.885073 | — | 0.046256 | 2.931329 | 98 | — | 2 | 100 | ||||||||||||||||||||||||||
Russell 1000 Growth(a) |
1.546840 | — | 0.016544 | 1.563384 | 99 | — | 1 | 100 | ||||||||||||||||||||||||||
Russell 1000 Value(a) |
2.764878 | — | 0.051999 | 2.816877 | 98 | — | 2 | 100 | ||||||||||||||||||||||||||
Russell 2000(a) |
1.969881 | — | 0.121415 | 2.091296 | 94 | — | 6 | 100 | ||||||||||||||||||||||||||
Russell 2000 Growth(a) |
0.894444 | — | 0.041890 | 0.936334 | 96 | — | 4 | 100 | ||||||||||||||||||||||||||
Russell 2000 Value(a) |
2.428697 | — | 0.155768 | 2.584465 | 94 | — | 6 | 100 |
(a) |
The Fund estimates that it has distributed more than its net investment income and net realized capital gains; therefore, a portion of the distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment in the Fund is returned to the shareholder. A return of capital does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income”. When distributions exceed total return performance, the difference will incrementally reduce the Fund’s net asset value per share. |
(b) |
Rounds to less than 1%. |
Premium/Discount Information
Information on the Fund’s net asset value, market price, premiums and discounts, and bid-ask spreads can be found at iShares.com.
Regulation under the Alternative Investment Fund Managers Directive
The Alternative Investment Fund Managers Directive and the Alternative Investment Fund Managers Regulations 2013 (as amended) and the “Guidelines on sound remuneration policies under the AIFMD” issued by the European Securities and Markets Authority (together the “Regulations”) impose detailed and prescriptive obligations on fund managers established in the European Union (the “EU”) and the UK. These do not currently apply to managers established outside of the EU or UK, such as BFA (the “Company”). Rather, non-EU and non-UK managers are only required to comply with certain disclosure, reporting and transparency obligations of the Regulations if such managers market a fund to EU investors.
The Company has registered the iShares Russell 1000 Value ETF and iShares Russell 2000 ETF (each a “Fund”, collectively the “Funds”) to be marketed to United Kingdom and EU investors in the Netherlands, Finland and Sweden.
Report on Remuneration
The Company is required under the Regulations to make quantitative disclosures of remuneration. These disclosures are made in line with BlackRock’s interpretation of currently available regulatory guidance on quantitative remuneration disclosures. As market or regulatory practice develops BlackRock may consider it appropriate to make changes to the way in which quantitative remuneration disclosures are calculated. Where such changes are made, this may result in disclosures in relation to a fund not being comparable to the disclosures made in the prior year, or in relation to other BlackRock fund disclosures in that same year.
Disclosures are provided in relation to (a) the staff of the Company; (b) staff who are senior management; and (c) staff who have the ability to materially affect the risk profile of the Funds.
S U P P L E M E N T A L I N F O R M A T I O N |
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Supplemental Information (unaudited) (continued)
All individuals included in the aggregated figures disclosed are rewarded in line with BlackRock’s remuneration policy for their responsibilities across the relevant BlackRock business area. As all individuals have a number of areas of responsibilities, only the portion of remuneration for those individuals’ services attributable to the Funds is included in the aggregate figures disclosed.
BlackRock has a clear and well defined pay-for-performance philosophy, and compensation programmes which support that philosophy.
BlackRock operates a total compensation model for remuneration which includes a base salary, which is contractual, and a discretionary bonus scheme. Although all employees are eligible to receive a discretionary bonus, there is no contractual obligation to make a discretionary bonus award to any employees. For senior management, a significant percentage of variable remuneration is deferred over time. All employees are subject to a claw-back policy.
Remuneration decisions for employees are made once annually in January following the end of the performance year, based on BlackRock’s full-year financial results and other non-financial goals and objectives. Alongside financial performance, individual total compensation is also based on strategic and operating results and other considerations such as management and leadership capabilities. No set formulas are established and no fixed benchmarks are used in determining annual incentive awards.
Annual incentive awards are paid from a bonus pool which is reviewed throughout the year by BlackRock’s independent compensation committee, taking into account both actual and projected financial information together with information provided by the Enterprise Risk and Regulatory Compliance departments in relation to any activities, incidents or events that warrant consideration in making compensation decisions. Individuals are not involved in setting their own remuneration.
Each of the control functions (Enterprise Risk, Legal & Compliance, and Internal Audit) each have their own organisational structures which are independent of the business units. Functional bonus pools for those control functions are determined with reference to the performance of each individual function and the remuneration of the senior members of control functions is directly overseen by BlackRock’s independent remuneration committee.
Members of staff and senior management of the Company typically provide both AIFMD and non-AIFMD related services in respect of multiple funds, clients and functions of the Company and across the broader BlackRock group. Therefore, the figures disclosed are a sum of each individual’s portion of remuneration attributable to the Funds according to an objective apportionment methodology which acknowledges the multiple-service nature of the Company. Accordingly the figures are not representative of any individual’s actual remuneration or their remuneration structure.
The amount of total & aggregate remuneration awarded by the Company to its staff which has been attributed to the Funds in respect of the Company’s financial year ending December 31, 2021 were as follows:
iShares ETF | Total Remuneration |
Fixed Remuneration |
Variable Remuneration |
No.
of Beneficiaries |
Senior Management Remuneration |
Risk
Taker Remuneration |
||||||||||||||||||
Russell 1000 Value |
$5,335,781 | $2,494,827 | $2,840,954 | 661 | $653,110 | $67,498 | ||||||||||||||||||
Russell 2000 |
6,147,199 | 2,874,218 | 3,272,981 | 661 | 752,430 | 77,763 |
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Trustee and Officer Information
The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by BFA and other service providers. Each Trustee serves until he or she resigns, is removed, dies, retires or becomes incapacitated. Each officer shall hold office until his or her successor is elected and qualifies or until his or her death, resignation or removal. Trustees who are not “interested persons” (as defined in the 1940 Act) of the Trust are referred to as independent trustees (“Independent Trustees”).
The registered investment companies advised by BFA or its affiliates (the “BlackRock-advised Funds”) are organized into one complex of open-end equity, multi-asset, index and money market funds and ETFs (the “BlackRock Multi-Asset Complex”), one complex of closed-end funds and open-end non-index fixed-income funds (including ETFs) (the “BlackRock Fixed-Income Complex”) and one complex of ETFs (“Exchange-Traded Fund Complex”) (each, a “BlackRock Fund Complex”). Each Fund is included in the Exchange-Traded Fund Complex. Each Trustee also serves as a Director of iShares, Inc. and a Trustee of iShares U.S. ETF Trust and, as a result, oversees all of the funds within the Exchange-Traded Fund Complex, which consists of 378 funds as of March 31, 2022. With the exception of Robert S. Kapito, Salim Ramji and Charles Park, the address of each Trustee and officer is c/o BlackRock, Inc., 400 Howard Street, San Francisco, CA 94105. The address of Mr. Kapito, Mr. Ramji and Mr. Park is c/o BlackRock, Inc., Park Avenue Plaza, 55 East 52nd Street, New York, NY 10055. The Board has designated John E. Kerrigan as its Independent Board Chair. Additional information about the Funds’ Trustees and officers may be found in the Funds’ combined Statement of Additional Information, which is available without charge, upon request, by calling toll-free 1-800-iShares (1-800-474-2737).
Interested Trustees
|
||||||
Name (Age)
|
Position(s)
|
Principal Occupation(s) During the Past 5 Years
|
Other Directorships Held by Trustee
| |||
Robert S. Kapito(a) (65) | Trustee (since 2009). | President, BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock’s Portfolio Management Group (since its formation in 1998) and BlackRock, Inc.’s predecessor entities (since 1988); Trustee, University of Pennsylvania (since 2009); President of Board of Directors, Hope & Heroes Children’s Cancer Fund (since 2002). | Director of BlackRock, Inc. (since 2006); Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011); Trustee of iShares Trust (since 2009). | |||
Salim Ramji(b) (51) | Trustee (since 2019). | Senior Managing Director, BlackRock, Inc. (since 2014); Global Head of BlackRock’s ETF and Index Investments Business (since 2019); Head of BlackRock’s U.S. Wealth Advisory Business (2015-2019); Global Head of Corporate Strategy, BlackRock, Inc. (2014-2015); Senior Partner, McKinsey & Company (2010-2014). | Director of iShares, Inc. (since 2019); Trustee of iShares U.S. ETF Trust (since 2019); Trustee of iShares Trust (since 2019). |
(a) |
Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
(b) |
Salim Ramji is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
Independent Trustees
|
||||||
Name (Age)
|
Position(s)
|
Principal Occupation(s) During the Past 5 Years
|
Other Directorships Held by Trustee
| |||
John E. Kerrigan (66) | Trustee (since 2005); Independent Board Chair (since 2022). | Chief Investment Officer, Santa Clara University (since 2002). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Trustee of iShares Trust (since 2005); Independent Board Chair of iShares, Inc. and iShares Trust and iShares U.S. ETF Trust (since 2022). | |||
Jane D. Carlin (66) | Trustee (since 2015); Risk Committee Chair (since 2016). | Consultant (since 2012); Member of the Audit Committee (2012-2018), Chair of the Nominating and Governance Committee (2017-2018) and Director of PHH Corporation (mortgage solutions) (2012-2018); Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (2006-2012). | Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Trustee of iShares Trust (since 2015); Member of the Audit Committee (since 2016), Chair of the Audit Committee (since 2020) and Director of The Hanover Insurance Group, Inc. (since 2016). | |||
Richard L. Fagnani (67) | Trustee (since 2017); Audit Committee Chair (since 2019). | Partner, KPMG LLP (2002-2016). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017); Trustee of iShares Trust (since 2017). |
T R U S T E E A N D O F F I C E R I N F O R M A T I O N |
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Trustee and Officer Information (continued)
Independent Trustees (continued)
| ||||||
Name (Age)
|
Position(s)
|
Principal Occupation(s)
|
Other Directorships Held by Trustee
| |||
Cecilia H. Herbert (73) | Trustee (since 2005); Nominating and Governance and Equity Plus Committee Chairs (since 2022). | Chair of the Finance Committee (since 2019) and Trustee and Member of the Finance, Audit and Quality Committees of Stanford Health Care (since 2016); Trustee of WNET, New York’s public media company (since 2011) and Member of the Audit Committee (since 2018) and Investment Committee (since 2011); Chair (1994-2005) and Member (since 1992) of the Investment Committee, Archdiocese of San Francisco; Trustee of Forward Funds (14 portfolios) (2009-2018); Trustee of Salient MF Trust (4 portfolios) (2015-2018); Director (1998-2013) and President (2007-2011) of the Board of Directors, Catholic Charities CYO; Trustee (2002-2011) and Chair of the Finance and Investment Committee (2006-2010) of the Thacher School; Director of the Senior Center of Jackson Hole (since 2020). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Trustee of iShares Trust (since 2005); Trustee of Thrivent Church Loan and Income Fund (since 2019). | |||
Drew E. Lawton (63) | Trustee (since 2017); 15(c) Committee Chair (since 2017). | Senior Managing Director of New York Life Insurance Company (2010-2015). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017); Trustee of iShares Trust (since 2017). | |||
John E. Martinez (60) | Trustee (since 2003); Securities Lending Committee Chair (since 2019). | Director of Real Estate Equity Exchange, Inc. (since 2005); Director of Cloudera Foundation (2017-2020); and Director of Reading Partners (2012-2016). | Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011); Trustee of iShares Trust (since 2003). | |||
Madhav V. Rajan (57) | Trustee (since 2011); Fixed Income Plus Committee Chair (since 2019). | Dean, and George Pratt Shultz Professor of Accounting, University of Chicago Booth School of Business (since 2017); Advisory Board Member (since 2016) and Director (since 2020) of C.M. Capital Corporation; Chair of the Board for the Center for Research in Security Prices, LLC (since 2020); Robert K. Jaedicke Professor of Accounting, Stanford University Graduate School of Business (2001-2017); Professor of Law (by courtesy), Stanford Law School (2005-2017); Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (2010-2016). | Director of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011); Trustee of iShares Trust (since 2011). | |||
Officers
| ||||||
Name (Age)
|
Position(s)
|
Principal Occupation(s)
| ||||
Armando Senra (50) | President (since 2019). | Managing Director, BlackRock, Inc. (since 2007); Head of U.S., Canada and Latam iShares, BlackRock, Inc. (since 2019); Head of Latin America Region, BlackRock, Inc. (2006-2019); Managing Director, Bank of America Merrill Lynch (1994-2006). | ||||
Trent Walker (47) | Treasurer and Chief Financial Officer (since 2020). | Managing Director, BlackRock, Inc. (since September 2019); Chief Financial Officer of iShares Delaware Trust Sponsor LLC, BlackRock Funds, BlackRock Funds II, BlackRock Funds IV, BlackRock Funds V and BlackRock Funds VI (since 2021); Executive Vice President of PIMCO (2016-2019); Senior Vice President of PIMCO (2008-2015); Treasurer (2013-2019) and Assistant Treasurer (2007-2017) of PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, 2 PIMCO-sponsored interval funds and 21 PIMCO-sponsored closed-end funds. | ||||
Charles Park (54) | Chief Compliance Officer (iShares, Inc. and iShares Trust, since 2006; iShares U.S. ETF Trust, since 2011). | Chief Compliance Officer of BlackRock Advisors, LLC and the BlackRock-advised Funds in the BlackRock Multi-Asset Complex and the BlackRock Fixed-Income Complex (since 2014); Chief Compliance Officer of BFA (since 2006). | ||||
Deepa Damre Smith (46) | Secretary (since 2019). | Managing Director, BlackRock, Inc. (since 2014); Director, BlackRock, Inc. (2009-2013). | ||||
Rachel Aguirre (39) | Executive Vice President (since 2022). | Managing Director, BlackRock, Inc. (since 2018); Director, BlackRock, Inc. (2009-2018); Head of U.S. iShares Product (since 2022); Head of EII U.S. Product Engineering (since 2021); Co-Head of EII’s Americas Portfolio Engineering (2020-2021); Head of Developed Markets Portfolio Engineering 2021); Head of Developed Markets Portfolio Engineering (2016-2019). | ||||
Jennifer Hsui (45) | Executive Vice President (since 2022). |
Managing Director, BlackRock, Inc. (since 2009); Co-Head of Index Equity (since 2022). |
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Trustee and Officer Information (continued)
Officers (continued)
| ||||||
Name (Age)
|
Position(s)
|
Principal Occupation(s)
| ||||
James Mauro (51) | Executive Vice President (since 2021). | Managing Director, BlackRock, Inc. (since 2010); Head of Fixed Income Index Investments in the Americas and Head of San Francisco Core Portfolio Management (since 2020). |
Effective March 18, 2022, Rachel Aguirre, Jennifer Hsui, and James Mauro have replaced Scott Radell, Alan Mason, and Marybeth Leithead as Executive Vice Presidents. |
T R U S T E E A N D O F F I C E R I N F O R M A T I O N |
157 |
Electronic Delivery
Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at iShares.com. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.
To enroll in electronic delivery:
• |
Go to icsdelivery.com. |
• |
If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor. |
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents and Rule 30e-3 notices can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Availability of Quarterly Schedule of Investments
The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to their reports on Form N-PORT. The Funds’ Forms N-PORT are available on the SEC’s website at sec.gov. Additionally, each Fund makes its portfolio holdings for the first and third quarters of each fiscal year available at iShares.com/fundreports.
Availability of Proxy Voting Policies and Proxy Voting Records
A description of the policies and procedures that the iShares Funds use to determine how to vote proxies relating to portfolio securities and information about how the iShares Funds voted proxies relating to portfolio securities during the most recent twelve-month period ending June 30 is available without charge, upon request (1) by calling toll-free 1-800-474-2737; (2) on the iShares website at iShares.com; and (3) on the SEC website at sec.gov.
A description of the Trust’s policies and procedures with respect to the disclosure of the Fund’s portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets at iShares.com.
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Glossary of Terms Used in this Report
Portfolio Abbreviations - Equity | ||
NVS | Non-Voting Shares | |
REIT | Real Estate Investment Trust |
G L O S S A R Y O F T E R M S U S E D I N T H I S R E P O R T |
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Want to know more?
iShares.com | 1-800-474-2737
This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.
Investing involves risk, including possible loss of principal.
The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
The iShares Funds are not sponsored, endorsed, issued, sold or promoted by FTSE Russell, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above.
©2022 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.
iS-AR-305-0322
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