|
OCTOBER 31, 2022 |
2022 Semi-Annual Report (Unaudited)
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iShares Trust
· |
iShares Core Dividend ETF | DIVB | Cboe BZX |
· |
iShares Core Dividend Growth ETF | DGRO | NYSE Arca |
· |
iShares Core High Dividend ETF | HDV | NYSE Arca |
· |
iShares Select Dividend ETF | DVY | NASDAQ |
Dear Shareholder,
Significant economic headwinds emerged during the 12-month reporting period as of October 31, 2022, disrupting the economic recovery and strong financial markets of 2021. The U.S. economy shrank in the first half of 2022 before returning to moderate growth in the third quarter, marking a shift to a more challenging post-reopening economic environment. Changes in consumer spending patterns and a tight labor market led to elevated inflation, which reached a 40-year high. Moreover, while the foremost effect of Russia’s invasion of Ukraine has been a severe humanitarian crisis, the ongoing war continued to present challenges for both investors and policymakers.
Equity prices fell as interest rates rose, particularly weighing on relatively high-valuation growth stocks as inflation decreased the value of future cash flows and investors shifted focus to balance sheet resilience. Both large- and small-capitalization U.S. stocks fell, although declines for small-capitalization U.S. stocks were slightly steeper. Emerging market stocks and international equities from developed markets also declined significantly, pressured by rising interest rates and a strengthening U.S. dollar.
The 10-year U.S. Treasury yield rose notably during the reporting period, driving its price down, as investors reacted to higher inflation and attempted to anticipate its impact on future interest rate changes. The corporate bond market also faced inflationary headwinds, and increasing uncertainty led to higher corporate bond spreads (the difference in yield between U.S. Treasuries and similarly-dated corporate bonds).
The U.S. Federal Reserve (the “Fed”), acknowledging that inflation has been more persistent than expected, raised interest rates five times while indicating that additional rate hikes were likely. Furthermore, the Fed wound down its bond-buying programs and is accelerating the reduction of its balance sheet. As investors attempted to assess the Fed’s future trajectory, the Fed’s statements late in the reporting period led markets to believe that additional tightening is likely in the near term.
The pandemic’s restructuring of the economy brought an ongoing mismatch between supply and demand, contributing to the current inflationary regime. While growth has slowed in 2022, we believe that taming inflation requires a more dramatic economic decline to bring demand back to a lower level that is more in line with the economy’s capacity. The Fed has been raising interest rates at the fastest pace in decades, and seems set to overtighten in its effort to get inflation back to target. With this in mind, we believe the possibility of a U.S. recession in the near-term is high, and the outlook for Europe and the U.K. is also troubling. Investors should expect a period of higher volatility as markets adjust to the new economic reality and policymakers attempt to adapt to rapidly changing conditions.
In this environment, while we favor an overweight to equities in the long-term, the market’s concerns over excessive rate hikes from central banks moderate our outlook. Rising input costs and a deteriorating economic backdrop in China and Europe are likely to challenge corporate earnings, so we are underweight equities overall in the near term. However, we see better opportunities in credit, where higher spreads provide income opportunities and partially compensate for inflation risk. We believe that investment-grade corporates, local-currency emerging market debt, and inflation-protected bonds (particularly in Europe) offer strong opportunities for a six- to twelve-month horizon.
Overall, our view is that investors need to think globally, position themselves to be prepared for a decarbonizing economy, 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 October 31, 2022 | ||||||||||||
6-Month |
12-Month |
|||||||||||
U.S.
large cap equities |
(5.50 | )% | (14.61 | )% | ||||||||
U.S.
small cap equities |
(0.20 | ) | (18.54 | ) | ||||||||
International
equities |
(12.70 | ) | (23.00 | ) | ||||||||
Emerging market equities (MSCI Emerging Markets Index) |
(19.66 | ) | (13.03 | ) | ||||||||
3-month Treasury bills |
0.72 | 0.79 | ||||||||||
U.S.
Treasury securities |
(8.24 | ) | (17.68 | ) | ||||||||
U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index) |
(6.86 | ) | (15.68 | ) | ||||||||
Tax-exempt municipal bonds (Bloomberg Municipal Bond Index) |
(4.43 | ) | (11.98 | ) | ||||||||
U.S.
high yield bonds |
(4.71 | ) | (11.76 | ) | ||||||||
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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Semi-Annual Report: |
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8 | ||||
8 | ||||
9 | ||||
Financial Statements: |
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28 | ||||
29 | ||||
30 | ||||
32 | ||||
36 | ||||
43 | ||||
47 | ||||
48 | ||||
49 |
3 |
Fund Summary as of October 31, 2022 | iShares® Core Dividend ETF |
Investment Objective
The iShares Core Dividend ETF (the “Fund”) (formerly the iShares U.S. Dividend and Buyback ETF) seeks to track the investment results of an index composed of U.S. stocks with a history of dividend payments and/or share buybacks, as represented by the Morningstar® US Dividend and Buyback IndexSM (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 | |||||||||||||||||||
6-Month Total Returns |
1 Year |
Since Inception |
1 Year | Since Inception |
||||||||||||||||
Fund NAV |
(4.20 | )% | (8.51 | )% | 10.61 | % | (8.51 | )% | 65.27 | % | ||||||||||
Fund Market |
(4.14 | ) | (8.50 | ) | 10.62 | (8.50 | ) | 65.33 | ||||||||||||
Index |
(4.08 | ) | (8.28 | ) | 10.91 | (8.28 | ) | 67.46 |
The inception date of the Fund was November 7, 2017. The first day of secondary market trading was November 9, 2017.
Past performance is not an indication 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” for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||||
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
$ | 1,000.00 | $ | 958.00 | $ | 1.20 | $ | 1,000.00 | $ | 1,023.98 | $ | 1.22 | 0.24 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 “Disclosure of Expenses” for more information. |
Portfolio Information
SECTOR ALLOCATION | ||||
Sector | |
Percent
of Total Investments |
(a) | |
Information Technology |
22.9 | % | ||
Financials |
19.4 | |||
Health Care |
12.6 | |||
Consumer Discretionary |
8.9 | |||
Communication Services |
8.7 | |||
Industrials |
8.1 | |||
Consumer Staples |
7.4 | |||
Energy |
6.3 | |||
Materials |
3.0 | |||
Utilities |
1.6 | |||
Real Estate |
1.1 |
(a) |
Excludes money market funds. |
TEN LARGEST HOLDINGS | ||||
Security | |
Percent
of Total Investments |
(a) | |
Apple Inc. |
4.9 | % | ||
Microsoft Corp. |
3.6 | |||
JPMorgan Chase & Co. |
2.1 | |||
Berkshire Hathaway, Inc., Class B |
1.8 | |||
Exxon Mobil Corp. |
1.8 | |||
Bank of America Corp. |
1.7 | |||
Alphabet, Inc., Class A |
1.7 | |||
Procter & Gamble Co. |
1.6 | |||
Meta Platforms, Inc., Class A |
1.6 | |||
Alphabet, Inc., Class C, NVS |
1.6 |
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2 0 2 2 I S H A R E S S E M I - 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 October 31, 2022 | iShares® Core Dividend Growth ETF |
Investment Objective
The iShares Core Dividend Growth ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. equities with a history of consistently growing dividends, as represented by the Morningstar® U.S. Dividend Growth IndexSM (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 | |||||||||||||||||||||||||||
6-Month Total Returns |
1 Year | 5 Years |
Since Inception |
1 Year | 5 Years |
Since Inception |
||||||||||||||||||||||
Fund NAV |
(1.97 | )% | (5.68 | )% | 10.71 | % | 10.90 | % | (5.68 | )% | 66.34 | % | 138.22 | % | ||||||||||||||
Fund Market |
(1.93 | ) | (5.64 | ) | 10.72 | 10.90 | (5.64 | ) | 66.38 | 138.35 | ||||||||||||||||||
Index |
(1.91 | ) | (5.56 | ) | 10.81 | 10.97 | (5.56 | ) | 67.07 | 139.50 |
The inception date of the Fund was June 10, 2014. The first day of secondary market trading was June 12, 2014.
Past performance is not an indication 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” for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||||
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
$ | 1,000.00 | $ | 980.30 | $ | 0.40 | $ | 1,000.00 | $ | 1,024.80 | $ | 0.41 | 0.08 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 “Disclosure of Expenses” for more information. |
Portfolio Information
SECTOR ALLOCATION | ||||
Sector | |
Percent
of Total Investments |
(a) | |
Financials |
20.7 | % | ||
Information Technology |
19.3 | |||
Health Care |
17.7 | |||
Industrials |
13.4 | |||
Consumer Staples |
11.3 | |||
Consumer Discretionary |
7.5 | |||
Utilities |
4.2 | |||
Materials |
2.9 | |||
Communication Services |
1.6 | |||
Energy |
1.4 |
(a) |
Excludes money market funds. |
TEN LARGEST HOLDINGS | ||||
Security | |
Percent
of Total Investments |
(a) | |
JPMorgan Chase & Co. |
2.9 | % | ||
Johnson & Johnson |
2.9 | |||
Apple Inc. |
2.8 | |||
Microsoft Corp. |
2.7 | |||
Pfizer, Inc. |
2.6 | |||
Procter & Gamble Co. |
2.5 | |||
Merck & Co., Inc. |
2.3 | |||
Home Depot, Inc. |
2.3 | |||
PepsiCo, Inc. |
1.9 | |||
Coca-Cola Co. |
1.9 |
F U N D S U M M A R Y |
5 |
Fund Summary as of October 31, 2022 | iShares® Core High Dividend ETF |
Investment Objective
The iShares Core High Dividend ETF (the “Fund”) seeks to track the investment results of an index composed of relatively high dividend paying U.S. equities, as represented by the Morningstar® Dividend Yield Focus IndexSM (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 | |||||||||||||||||||||||||||
6-Month Total Returns |
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | ||||||||||||||||||||||
Fund NAV |
1.18 | % | 8.56 | % | 7.66 | % | 9.33 | % | 8.56 | % | 44.65 | % | 144.01 | % | ||||||||||||||
Fund Market |
1.24 | 8.60 | 7.67 | 9.33 | 8.60 | 44.72 | 143.98 | |||||||||||||||||||||
Index |
1.22 | 8.65 | 7.75 | 9.48 | 8.65 | 45.24 | 147.41 |
Past performance is not an indication 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” for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||||
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
$ | 1,000.00 | $ | 1,011.80 | $ | 0.41 | $ | 1,000.00 | $ | 1,024.80 | $ | 0.41 | 0.08 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 “Disclosure of Expenses” for more information. |
Portfolio Information
SECTOR ALLOCATION | ||||
Sector | |
Percent
of Total Investments |
(a) | |
Energy |
28.1 | % | ||
Health Care |
21.5 | |||
Information Technology |
11.9 | |||
Consumer Staples |
10.8 | |||
Utilities |
7.4 | |||
Financials |
7.2 | |||
Communication Services |
5.9 | |||
Industrials |
5.2 | |||
Consumer Discretionary |
1.4 | |||
Materials |
0.6 |
(a) |
Excludes money market funds. |
TEN LARGEST HOLDINGS | ||||
Security | |
Percent
of Total Investments |
(a) | |
Exxon Mobil Corp. |
10.3 | % | ||
Chevron Corp. |
7.7 | |||
AbbVie, Inc. |
6.2 | |||
Verizon Communications, Inc. |
5.7 | |||
Merck & Co., Inc. |
4.8 | |||
Philip Morris International, Inc. |
4.4 | |||
Pioneer Natural Resources Co. |
4.3 | |||
Coca-Cola Co. |
3.9 | |||
International Business Machines Corp. |
3.8 | |||
Cisco Systems, Inc. |
3.7 |
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2 0 2 2 I S H A R E S S E M I - 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 October 31, 2022 | iShares® Select Dividend ETF |
Investment Objective
The iShares Select Dividend ETF (the “Fund”) seeks to track the investment results of an index composed of relatively high dividend paying U.S. equities, as represented by the Dow Jones U.S. Select Dividend 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 | |||||||||||||||||||||||||||
6-Month Total Returns |
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | ||||||||||||||||||||||
Fund NAV |
(2.52 | )% | 3.47 | % | 8.32 | % | 11.14 | % | 3.47 | % | 49.14 | % | 187.53 | % | ||||||||||||||
Fund Market |
(2.51 | ) | 3.48 | 8.33 | 11.14 | 3.48 | 49.18 | 187.64 | ||||||||||||||||||||
Index |
(2.34 | ) | 3.87 | 8.75 | 11.57 | 3.87 | 52.09 | 198.89 |
Past performance is not an indication 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” for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||||
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
$ | 1,000.00 | $ | 974.80 | $ | 1.90 | $ | 1,000.00 | $ | 1,023.28 | $ | 1.94 | 0.38 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 “Disclosure of Expenses” for more information. |
Portfolio Information
SECTOR ALLOCATION | ||||
Sector | |
Percent
of Total Investments |
(a) | |
Utilities |
25.6 | % | ||
Financials |
21.9 | |||
Consumer Staples |
10.5 | |||
Energy |
9.7 | |||
Materials |
6.5 | |||
Consumer Discretionary |
5.5 | |||
Communication Services |
5.5 | |||
Health Care |
5.2 | |||
Industrials |
4.8 | |||
Information Technology |
4.8 |
(a) |
Excludes money market funds. |
TEN LARGEST HOLDINGS | ||||
Security | |
Percent
of Total Investments |
(a) | |
Valero Energy Corp. |
2.5 | % | ||
Gilead Sciences, Inc. |
2.3 | |||
Altria Group, Inc. |
2.3 | |||
Exxon Mobil Corp. |
2.2 | |||
International Business Machines Corp. |
2.1 | |||
ONEOK, Inc. |
1.9 | |||
Philip Morris International, Inc. |
1.8 | |||
Principal Financial Group, Inc. |
1.8 | |||
Merck & Co., Inc. |
1.7 | |||
Marathon Petroleum Corp. |
1.6 |
F U N D S U M M A R Y |
7 |
About Fund Performance |
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. Since shares of a fund may not trade in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. 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 the 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 the 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.
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2 0 2 2 I S H A R E S S E M I - 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 (unaudited) October 31, 2022 |
iShares® Core Dividend ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
||||||||
Aerospace & Defense — 2.0% |
||||||||
General Dynamics Corp. |
2,116 | $ | 528,577 | |||||
L3Harris Technologies, Inc. |
3,331 | 820,992 | ||||||
Lockheed Martin Corp. |
2,688 | 1,308,196 | ||||||
Northrop Grumman Corp. |
1,251 | 686,811 | ||||||
Raytheon Technologies Corp. |
12,081 | 1,145,520 | ||||||
Textron, Inc. |
2,420 | 165,625 | ||||||
|
|
|||||||
4,655,721 | ||||||||
Air Freight & Logistics — 0.5% |
||||||||
CH Robinson Worldwide, Inc. |
1,572 | 153,616 | ||||||
FedEx Corp. |
1,686 | 270,232 | ||||||
United Parcel Service, Inc., Class B |
4,859 | 815,194 | ||||||
|
|
|||||||
1,239,042 | ||||||||
Automobiles — 0.1% |
||||||||
Ford Motor Co. |
23,227 | 310,545 | ||||||
|
|
|||||||
Banks — 7.4% |
||||||||
Bank of America Corp. |
113,551 | 4,092,378 | ||||||
Citigroup, Inc. |
39,091 | 1,792,713 | ||||||
Citizens Financial Group, Inc. |
5,198 | 212,598 | ||||||
Comerica, Inc. |
1,767 | 124,574 | ||||||
Fifth Third Bancorp |
9,076 | 323,923 | ||||||
Huntington Bancshares, Inc. |
18,183 | 276,018 | ||||||
JPMorgan Chase & Co. |
39,493 | 4,971,379 | ||||||
KeyCorp |
14,774 | 264,011 | ||||||
M&T Bank Corp. |
1,292 | 217,534 | ||||||
PNC Financial Services Group, Inc. |
4,881 | 789,892 | ||||||
Regions Financial Corp. |
8,505 | 186,685 | ||||||
Truist Financial Corp. |
15,260 | 683,495 | ||||||
U.S. Bancorp |
14,129 | 599,776 | ||||||
Wells Fargo & Co. |
64,491 | 2,965,941 | ||||||
Zions Bancorp N.A. |
2,415 | 125,435 | ||||||
|
|
|||||||
17,626,352 | ||||||||
Beverages — 1.3% |
||||||||
Coca-Cola Co. |
21,580 | 1,291,563 | ||||||
Constellation Brands, Inc., Class A |
1,766 | 436,343 | ||||||
PepsiCo, Inc. |
8,068 | 1,464,988 | ||||||
|
|
|||||||
3,192,894 | ||||||||
Biotechnology — 2.8% |
||||||||
AbbVie, Inc. |
16,292 | 2,385,149 | ||||||
Amgen, Inc. |
8,872 | 2,398,545 | ||||||
Biogen, Inc.(a) |
1,998 | 566,313 | ||||||
Gilead Sciences, Inc. |
12,676 | 994,559 | ||||||
Regeneron Pharmaceuticals, Inc.(a) |
207 | 154,991 | ||||||
Vertex Pharmaceuticals, Inc.(a) |
705 | 219,960 | ||||||
|
|
|||||||
6,719,517 | ||||||||
Building Products — 0.8% |
||||||||
Builders FirstSource, Inc.(a) |
5,219 | 321,804 | ||||||
Carrier Global Corp. |
5,829 | 231,761 | ||||||
Fortune Brands Home & Security, Inc. |
2,086 | 125,827 | ||||||
Johnson Controls International PLC |
9,445 | 546,299 | ||||||
Masco Corp. |
5,144 | 238,013 | ||||||
Owens Corning |
1,686 | 144,338 | ||||||
Trane Technologies PLC |
2,005 | 320,058 | ||||||
|
|
|||||||
1,928,100 | ||||||||
Capital Markets — 4.0% |
||||||||
Ameriprise Financial, Inc. |
1,757 | 543,124 | ||||||
Bank of New York Mellon Corp. |
15,218 | 640,830 | ||||||
BlackRock, Inc.(b) |
1,188 | 767,341 | ||||||
Blackstone, Inc., NVS |
9,289 | 846,599 |
Security | Shares | Value | ||||||
Capital Markets (continued) |
||||||||
Charles Schwab Corp. |
3,420 | $ | 272,471 | |||||
CME Group, Inc., Class A |
1,383 | 239,674 | ||||||
Evercore, Inc., Class A |
1,507 | 158,386 | ||||||
Goldman Sachs Group, Inc. |
3,701 | 1,275,031 | ||||||
Intercontinental Exchange, Inc. |
2,722 | 260,142 | ||||||
Jefferies Financial Group, Inc. |
4,216 | 145,073 | ||||||
KKR & Co., Inc. |
2,654 | 129,064 | ||||||
Moody’s Corp. |
864 | 228,848 | ||||||
Morgan Stanley |
26,855 | 2,206,675 | ||||||
MSCI, Inc., Class A |
523 | 245,214 | ||||||
Nasdaq, Inc. |
2,874 | 178,878 | ||||||
Northern Trust Corp. |
1,549 | 130,658 | ||||||
S&P Global, Inc. |
3,006 | 965,677 | ||||||
T Rowe Price Group, Inc. |
3,249 | 344,914 | ||||||
|
|
|||||||
9,578,599 | ||||||||
Chemicals — 2.0% |
||||||||
Air Products and Chemicals, Inc. |
1,106 | 276,942 | ||||||
Celanese Corp. |
1,926 | 185,127 | ||||||
CF Industries Holdings, Inc. |
1,716 | 182,342 | ||||||
Corteva, Inc. |
4,011 | 262,079 | ||||||
Dow, Inc. |
12,402 | 579,669 | ||||||
DuPont de Nemours, Inc. |
7,425 | 424,710 | ||||||
Eastman Chemical Co. |
2,797 | 214,838 | ||||||
Ecolab, Inc. |
880 | 138,222 | ||||||
International Flavors & Fragrances, Inc. |
1,449 | 141,437 | ||||||
Linde PLC |
4,608 | 1,370,189 | ||||||
LyondellBasell Industries NV, Class A |
3,710 | 283,630 | ||||||
PPG Industries, Inc. |
1,117 | 127,539 | ||||||
Sherwin-Williams Co. |
2,372 | 533,771 | ||||||
|
|
|||||||
4,720,495 | ||||||||
Commercial Services & Supplies — 0.3% |
||||||||
Cintas Corp. |
701 | 299,712 | ||||||
Waste Management, Inc. |
2,091 | 331,152 | ||||||
|
|
|||||||
630,864 | ||||||||
Communications Equipment — 1.1% |
||||||||
Cisco Systems, Inc. |
48,632 | 2,209,352 | ||||||
Juniper Networks, Inc. |
4,577 | 140,056 | ||||||
Motorola Solutions, Inc. |
921 | 229,983 | ||||||
|
|
|||||||
2,579,391 | ||||||||
Construction & Engineering — 0.1% |
||||||||
AECOM |
2,059 | 155,002 | ||||||
|
|
|||||||
Consumer Finance — 1.8% |
||||||||
Ally Financial, Inc. |
12,069 | 332,622 | ||||||
American Express Co. |
6,832 | 1,014,210 | ||||||
Capital One Financial Corp. |
13,027 | 1,381,123 | ||||||
Credit Acceptance Corp.(a) |
260 | 121,061 | ||||||
Discover Financial Services |
5,109 | 533,686 | ||||||
SLM Corp. |
15,250 | 252,997 | ||||||
Synchrony Financial |
17,287 | 614,726 | ||||||
|
|
|||||||
4,250,425 | ||||||||
Containers & Packaging — 0.2% |
||||||||
Ball Corp. |
3,103 | 153,257 | ||||||
Crown Holdings, Inc. |
1,876 | 128,675 | ||||||
International Paper Co. |
7,446 | 250,260 | ||||||
|
|
|||||||
532,192 | ||||||||
Distributors — 0.2% |
||||||||
Genuine Parts Co. |
894 | 159,007 | ||||||
LKQ Corp. |
3,521 | 195,908 | ||||||
|
|
|||||||
354,915 |
S C H E D U L E S O F I N V E S T M E N T S |
9 |
Schedule of Investments (unaudited) (continued) October 31, 2022 |
iShares® Core Dividend ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Diversified Consumer Services — 0.1% |
||||||||
Grand Canyon Education, Inc.(a) |
1,748 | $ | 175,901 | |||||
Service Corp. International |
2,466 | 149,465 | ||||||
|
|
|||||||
325,366 | ||||||||
Diversified Financial Services — 2.0% |
||||||||
Berkshire Hathaway, Inc., Class B(a) |
14,579 | 4,302,117 | ||||||
Equitable Holdings, Inc. |
9,302 | 284,827 | ||||||
Voya Financial, Inc. |
3,566 | 243,772 | ||||||
|
|
|||||||
4,830,716 | ||||||||
Diversified Telecommunication Services — 2.0% |
||||||||
AT&T Inc. |
143,078 | 2,608,312 | ||||||
Lumen Technologies, Inc. |
19,335 | 142,305 | ||||||
Verizon Communications, Inc. |
53,113 | 1,984,833 | ||||||
|
|
|||||||
4,735,450 | ||||||||
Electric Utilities — 1.0% |
||||||||
American Electric Power Co., Inc. |
1,694 | 148,936 | ||||||
Duke Energy Corp. |
3,115 | 290,256 | ||||||
Edison International |
3,075 | 184,623 | ||||||
Entergy Corp. |
1,204 | 128,997 | ||||||
Eversource Energy |
1,756 | 133,948 | ||||||
Exelon Corp. |
6,115 | 235,978 | ||||||
NextEra Energy, Inc. |
7,367 | 570,942 | ||||||
PPL Corp. |
6,348 | 168,158 | ||||||
Southern Co. |
7,075 | 463,271 | ||||||
|
|
|||||||
2,325,109 | ||||||||
Electrical Equipment — 0.4% |
||||||||
Eaton Corp. PLC |
2,270 | 340,659 | ||||||
Emerson Electric Co. |
4,161 | 360,342 | ||||||
Rockwell Automation, Inc. |
653 | 166,711 | ||||||
|
|
|||||||
867,712 | ||||||||
Electronic Equipment, Instruments & Components — 0.6% |
||||||||
Amphenol Corp., Class A |
3,177 | 240,912 | ||||||
Arrow Electronics, Inc.(a) |
1,655 | 167,585 | ||||||
CDW Corp. |
1,317 | 227,591 | ||||||
Corning, Inc. |
6,241 | 200,773 | ||||||
Keysight Technologies, Inc.(a) |
962 | 167,532 | ||||||
TE Connectivity Ltd. |
2,637 | 322,321 | ||||||
|
|
|||||||
1,326,714 | ||||||||
Energy Equipment & Services — 0.2% |
||||||||
Baker Hughes Co. |
9,168 | 253,587 | ||||||
Schlumberger Ltd. |
4,264 | 221,856 | ||||||
|
|
|||||||
475,443 | ||||||||
Entertainment — 0.1% |
||||||||
Electronic Arts, Inc. |
2,038 | 256,707 | ||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) — 1.1% |
||||||||
American Tower Corp. |
189 | 39,159 | ||||||
AvalonBay Communities, Inc. |
934 | 163,562 | ||||||
Crown Castle, Inc. |
2,975 | 396,448 | ||||||
Equity Residential |
2,242 | 141,291 | ||||||
Essex Property Trust, Inc. |
466 | 103,564 | ||||||
Healthpeak Properties, Inc. |
4,983 | 118,247 | ||||||
Iron Mountain, Inc. |
2,767 | 138,544 | ||||||
Prologis, Inc. |
3,376 | 373,892 | ||||||
Public Storage |
691 | 214,037 | ||||||
Realty Income Corp. |
1,510 | 94,028 | ||||||
SBA Communications Corp., Class A |
695 | 187,580 | ||||||
Simon Property Group, Inc. |
2,489 | 271,251 | ||||||
SL Green Realty Corp. |
2,651 | 105,192 | ||||||
Weyerhaeuser Co. |
5,685 | 175,837 | ||||||
|
|
|||||||
2,522,632 |
Security | Shares | Value | ||||||
Food & Staples Retailing — 1.2% |
||||||||
Costco Wholesale Corp. |
745 | $ | 373,617 | |||||
Kroger Co. |
7,793 | 368,531 | ||||||
Sysco Corp. |
2,990 | 258,814 | ||||||
Walgreens Boots Alliance, Inc. |
8,375 | 305,688 | ||||||
Walmart, Inc. |
10,966 | 1,560,791 | ||||||
|
|
|||||||
2,867,441 | ||||||||
Food Products — 1.1% |
||||||||
Archer-Daniels-Midland Co. |
2,321 | 225,091 | ||||||
Conagra Brands, Inc. |
4,735 | 173,774 | ||||||
General Mills, Inc. |
5,099 | 415,976 | ||||||
Hershey Co. |
844 | 201,522 | ||||||
JM Smucker Co. |
1,313 | 197,817 | ||||||
Kellogg Co. |
1,901 | 146,035 | ||||||
Kraft Heinz Co. |
6,188 | 238,052 | ||||||
Mondelez International, Inc., Class A |
13,480 | 828,750 | ||||||
Tyson Foods, Inc., Class A |
2,530 | 172,926 | ||||||
|
|
|||||||
2,599,943 | ||||||||
Health Care Equipment & Supplies — 1.2% |
||||||||
Abbott Laboratories |
10,938 | 1,082,206 | ||||||
Baxter International, Inc. |
3,881 | 210,932 | ||||||
Becton Dickinson and Co. |
1,448 | 341,685 | ||||||
Medtronic PLC |
10,968 | 957,945 | ||||||
Stryker Corp. |
877 | 201,043 | ||||||
|
|
|||||||
2,793,811 | ||||||||
Health Care Providers & Services — 3.7% |
||||||||
Cardinal Health, Inc. |
3,253 | 246,903 | ||||||
Cigna Corp. |
5,196 | 1,678,620 | ||||||
CVS Health Corp. |
5,691 | 538,938 | ||||||
DaVita, Inc.(a) |
2,419 | 176,611 | ||||||
Elevance Health, Inc. |
1,571 | 858,975 | ||||||
HCA Healthcare, Inc. |
5,242 | 1,139,978 | ||||||
Humana, Inc. |
772 | 430,838 | ||||||
Laboratory Corp. of America Holdings |
978 | 216,979 | ||||||
McKesson Corp. |
1,513 | 589,117 | ||||||
Quest Diagnostics, Inc. |
2,878 | 413,425 | ||||||
UnitedHealth Group, Inc. |
4,122 | 2,288,328 | ||||||
Universal Health Services, Inc., Class B |
1,887 | 218,646 | ||||||
|
|
|||||||
8,797,358 | ||||||||
Hotels, Restaurants & Leisure — 1.4% |
||||||||
Booking Holdings, Inc.(a) |
134 | 250,510 | ||||||
Darden Restaurants, Inc. |
1,846 | 264,237 | ||||||
Domino’s Pizza, Inc. |
538 | 178,745 | ||||||
McDonald’s Corp. |
4,541 | 1,238,149 | ||||||
MGM Resorts International |
7,748 | 275,596 | ||||||
Starbucks Corp. |
9,179 | 794,810 | ||||||
Yum! Brands, Inc. |
3,201 | 378,518 | ||||||
|
|
|||||||
3,380,565 | ||||||||
Household Durables — 0.6% |
||||||||
DR Horton, Inc. |
3,181 | 244,555 | ||||||
Lennar Corp., Class A |
3,970 | 320,379 | ||||||
NVR, Inc.(a) |
67 | 283,929 | ||||||
PulteGroup, Inc. |
5,126 | 204,989 | ||||||
Tempur Sealy International, Inc. |
6,332 | 170,268 | ||||||
Whirlpool Corp. |
1,647 | 227,681 | ||||||
|
|
|||||||
1,451,801 | ||||||||
Household Products — 2.1% |
||||||||
Church & Dwight Co., Inc. |
628 | 46,554 | ||||||
Clorox Co. |
1,445 | 211,028 | ||||||
Colgate-Palmolive Co. |
8,322 | 614,497 |
10 |
2 0 2 2 I S H A R E S S E M I - 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 (unaudited) (continued) October 31, 2022 |
iShares® Core Dividend ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Household Products (continued) |
||||||||
Kimberly-Clark Corp. |
3,181 | $ | 395,907 | |||||
Procter & Gamble Co. |
28,135 | 3,788,940 | ||||||
|
|
|||||||
5,056,926 | ||||||||
Independent Power and Renewable Electricity Producers — 0.1% |
|
|||||||
Vistra Corp. |
8,464 | 194,418 | ||||||
|
|
|||||||
Industrial Conglomerates — 1.0% |
||||||||
3M Co. |
8,202 | 1,031,729 | ||||||
Honeywell International, Inc. |
6,594 | 1,345,308 | ||||||
|
|
|||||||
2,377,037 | ||||||||
Insurance — 3.9% |
||||||||
Aflac, Inc. |
9,622 | 626,488 | ||||||
Allstate Corp. |
5,980 | 754,975 | ||||||
American International Group, Inc. |
14,599 | 832,143 | ||||||
Aon PLC, Class A |
2,495 | 702,318 | ||||||
Arch Capital Group Ltd.(a) |
3,977 | 228,678 | ||||||
Assurant, Inc. |
1,135 | 154,201 | ||||||
Chubb Ltd. |
5,199 | 1,117,213 | ||||||
Fidelity National Financial, Inc. |
4,674 | 184,062 | ||||||
Hartford Financial Services Group, Inc. |
5,506 | 398,690 | ||||||
Lincoln National Corp. |
4,537 | 244,408 | ||||||
Loews Corp. |
2,959 | 168,722 | ||||||
Marsh & McLennan Cos., Inc. |
2,732 | 441,191 | ||||||
MetLife, Inc. |
13,304 | 973,986 | ||||||
Principal Financial Group, Inc. |
3,937 | 346,968 | ||||||
Progressive Corp. |
1,956 | 251,150 | ||||||
Prudential Financial, Inc. |
7,207 | 758,104 | ||||||
Travelers Cos., Inc. |
3,204 | 591,010 | ||||||
Willis Towers Watson PLC |
2,430 | 530,250 | ||||||
|
|
|||||||
9,304,557 | ||||||||
Interactive Media & Services — 4.8% |
||||||||
Alphabet, Inc., Class A(a) |
42,773 | 4,042,476 | ||||||
Alphabet, Inc., Class C, NVS(a) |
39,187 | 3,709,442 | ||||||
Meta Platforms, Inc., Class A(a) |
39,833 | 3,710,842 | ||||||
|
|
|||||||
11,462,760 | ||||||||
Internet & Direct Marketing Retail — 0.4% |
||||||||
eBay, Inc. |
26,039 | 1,037,394 | ||||||
|
|
|||||||
IT Services — 4.4% |
||||||||
Accenture PLC, Class A |
3,778 | 1,072,574 | ||||||
Automatic Data Processing, Inc. |
2,827 | 683,286 | ||||||
Cognizant Technology Solutions Corp., Class A |
5,894 | 366,902 | ||||||
Fidelity National Information Services, Inc. |
5,181 | 429,971 | ||||||
Fiserv, Inc.(a) |
3,338 | 342,946 | ||||||
FleetCor Technologies, Inc.(a) |
1,115 | 207,524 | ||||||
Gartner, Inc.(a) |
914 | 275,955 | ||||||
Global Payments, Inc. |
3,567 | 407,565 | ||||||
GoDaddy, Inc., Class A(a) |
2,027 | 162,971 | ||||||
International Business Machines Corp. |
9,981 | 1,380,272 | ||||||
Mastercard, Inc., Class A |
4,805 | 1,576,905 | ||||||
Paychex, Inc. |
1,732 | 204,913 | ||||||
PayPal Holdings, Inc.(a) |
6,362 | 531,736 | ||||||
VeriSign, Inc.(a) |
772 | 154,755 | ||||||
Visa, Inc., Class A |
12,466 | 2,582,457 | ||||||
Western Union Co. |
9,200 | 124,292 | ||||||
|
|
|||||||
10,505,024 | ||||||||
Life Sciences Tools & Services — 0.4% |
||||||||
Agilent Technologies, Inc. |
1,964 | 271,719 | ||||||
Mettler-Toledo International, Inc.(a) |
173 | 218,833 | ||||||
Thermo Fisher Scientific, Inc. |
903 | 464,115 | ||||||
|
|
|||||||
954,667 |
Security | Shares | Value | ||||||
Machinery — 1.4% |
||||||||
Caterpillar, Inc. |
5,075 | $ | 1,098,534 | |||||
Cummins, Inc. |
1,583 | 387,059 | ||||||
Deere & Co. |
1,811 | 716,830 | ||||||
Illinois Tool Works, Inc. |
2,132 | 455,246 | ||||||
Otis Worldwide Corp. |
2,104 | 148,627 | ||||||
Parker-Hannifin Corp. |
701 | 203,725 | ||||||
Stanley Black & Decker, Inc. |
3,573 | 280,445 | ||||||
|
|
|||||||
3,290,466 | ||||||||
Media — 1.8% |
||||||||
Altice U.S.A., Inc., Class A(a) |
36,257 | 239,659 | ||||||
Charter Communications, Inc., Class A(a) |
5,249 | 1,929,637 | ||||||
Comcast Corp., Class A |
26,953 | 855,488 | ||||||
Fox Corp., Class A, NVS |
4,415 | 127,461 | ||||||
Liberty Broadband Corp., Class C, NVS(a) |
5,726 | 483,446 | ||||||
Liberty Media Corp. - Liberty SiriusXM, Class C, NVS(a) |
4,995 | 210,739 | ||||||
Nexstar Media Group, Inc. |
785 | 134,471 | ||||||
Omnicom Group, Inc. |
3,174 | 230,909 | ||||||
|
|
|||||||
4,211,810 | ||||||||
Metals & Mining — 0.7% |
||||||||
Freeport-McMoRan, Inc. |
11,429 | 362,185 | ||||||
Newmont Corp. |
10,070 | 426,162 | ||||||
Nucor Corp. |
4,480 | 588,582 | ||||||
Steel Dynamics, Inc. |
2,929 | 275,473 | ||||||
|
|
|||||||
1,652,402 | ||||||||
Mortgage Real Estate Investment Trusts (REITs) — 0.1% |
||||||||
AGNC Investment Corp. |
17,232 | 141,647 | ||||||
Annaly Capital Management, Inc. |
5,705 | 105,828 | ||||||
|
|
|||||||
247,475 | ||||||||
Multiline Retail — 1.0% |
||||||||
Dollar General Corp. |
2,610 | 665,681 | ||||||
Dollar Tree, Inc.(a) |
1,136 | 180,056 | ||||||
Kohl’s Corp. |
6,692 | 200,425 | ||||||
Target Corp. |
8,153 | 1,339,130 | ||||||
|
|
|||||||
2,385,292 | ||||||||
Multi-Utilities — 0.5% |
||||||||
Dominion Energy, Inc. |
6,565 | 459,353 | ||||||
DTE Energy Co. |
1,100 | 123,321 | ||||||
Public Service Enterprise Group, Inc. |
3,138 | 175,947 | ||||||
Sempra Energy |
2,422 | 365,577 | ||||||
WEC Energy Group, Inc. |
1,854 | 169,326 | ||||||
|
|
|||||||
1,293,524 | ||||||||
Oil, Gas & Consumable Fuels — 6.1% |
||||||||
APA Corp. |
4,699 | 213,617 | ||||||
Chevron Corp. |
14,391 | 2,603,332 | ||||||
ConocoPhillips |
11,393 | 1,436,543 | ||||||
Devon Energy Corp. |
8,122 | 628,237 | ||||||
Diamondback Energy, Inc. |
1,356 | 213,041 | ||||||
EOG Resources, Inc. |
2,792 | 381,164 | ||||||
Exxon Mobil Corp. |
38,691 | 4,287,350 | ||||||
Kinder Morgan, Inc., Class P |
25,186 | 456,370 | ||||||
Marathon Oil Corp. |
4,752 | 144,698 | ||||||
Marathon Petroleum Corp. |
13,483 | 1,531,938 | ||||||
ONEOK, Inc. |
5,578 | 330,887 | ||||||
Phillips 66 |
4,248 | 443,024 | ||||||
Pioneer Natural Resources Co. |
2,824 | 724,102 | ||||||
Valero Energy Corp. |
4,608 | 578,534 | ||||||
Williams Cos., Inc. |
12,179 | 398,619 | ||||||
|
|
|||||||
14,371,456 |
S C H E D U L E S O F I N V E S T M E N T S |
11 |
Schedule of Investments (unaudited) (continued) October 31, 2022 |
iShares® Core Dividend ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Paper & Forest Products — 0.1% |
||||||||
Louisiana-Pacific Corp. |
4,210 | $ | 238,497 | |||||
|
|
|||||||
Personal Products — 0.2% |
||||||||
Estee Lauder Cos., Inc., Class A |
1,693 | 339,430 | ||||||
Herbalife Nutrition Ltd.(a) |
7,378 | 156,856 | ||||||
|
|
|||||||
496,286 | ||||||||
Pharmaceuticals — 4.5% |
||||||||
Bristol-Myers Squibb Co. |
32,093 | 2,486,245 | ||||||
Eli Lilly & Co. |
2,694 | 975,470 | ||||||
Johnson & Johnson |
18,452 | 3,210,094 | ||||||
Merck & Co., Inc. |
17,076 | 1,728,091 | ||||||
Pfizer, Inc. |
43,721 | 2,035,213 | ||||||
Zoetis, Inc., Class A |
1,701 | 256,477 | ||||||
|
|
|||||||
10,691,590 | ||||||||
Professional Services — 0.1% |
||||||||
Leidos Holdings, Inc. |
1,258 | 127,800 | ||||||
Verisk Analytics, Inc. |
980 | 179,174 | ||||||
|
|
|||||||
306,974 | ||||||||
Road & Rail — 1.4% |
||||||||
Avis Budget Group, Inc.(a) |
1,475 | 348,778 | ||||||
CSX Corp. |
23,426 | 680,760 | ||||||
Norfolk Southern Corp. |
3,282 | 748,526 | ||||||
Union Pacific Corp. |
7,874 | 1,552,280 | ||||||
|
|
|||||||
3,330,344 | ||||||||
Semiconductors & Semiconductor Equipment — 4.9% |
||||||||
Advanced Micro Devices, Inc.(a) |
6,326 | 379,939 | ||||||
Analog Devices, Inc. |
5,376 | 766,725 | ||||||
Applied Materials, Inc. |
10,833 | 956,445 | ||||||
Broadcom, Inc. |
4,197 | 1,973,094 | ||||||
Intel Corp. |
80,204 | 2,280,200 | ||||||
KLA Corp. |
1,815 | 574,357 | ||||||
Lam Research Corp. |
1,927 | 780,011 | ||||||
Microchip Technology, Inc. |
2,615 | 161,450 | ||||||
Micron Technology, Inc. |
9,253 | 500,587 | ||||||
NXP Semiconductors NV |
3,926 | 573,510 | ||||||
Qorvo, Inc. (a) |
2,107 | 181,370 | ||||||
QUALCOMM, Inc. |
9,242 | 1,087,414 | ||||||
Silicon Laboratories, Inc.(a) |
1,440 | 165,485 | ||||||
Skyworks Solutions, Inc. |
2,167 | 186,384 | ||||||
Texas Instruments, Inc. |
6,166 | 990,445 | ||||||
|
|
|||||||
11,557,416 | ||||||||
Software — 5.9% |
||||||||
Adobe, Inc.(a) |
2,359 | 751,341 | ||||||
Autodesk, Inc.(a) |
936 | 200,585 | ||||||
Cadence Design Systems, Inc.(a) |
884 | 133,829 | ||||||
Dropbox, Inc., Class A(a) |
7,634 | 166,039 | ||||||
Fair Isaac Corp.(a) |
438 | 209,732 | ||||||
Fortinet, Inc.(a) |
3,712 | 212,178 | ||||||
Intuit, Inc. |
1,013 | 433,057 | ||||||
Microsoft Corp. |
36,859 | 8,556,080 | ||||||
Oracle Corp. |
38,058 | 2,971,188 | ||||||
Palo Alto Networks, Inc.(a) |
1,162 | 199,388 | ||||||
VMware, Inc., Class A(a) |
1,052 | 118,382 | ||||||
|
|
|||||||
13,951,799 | ||||||||
Specialty Retail — 4.6% |
||||||||
Advance Auto Parts, Inc. |
1,372 | 260,570 |
Security | Shares | Value | ||||||
Specialty Retail (continued) |
||||||||
AutoNation, Inc.(a) |
1,758 | $ | 186,893 | |||||
AutoZone, Inc.(a) |
337 | 853,580 | ||||||
Bath & Body Works, Inc. |
12,084 | 403,364 | ||||||
Best Buy Co., Inc. |
7,417 | 507,397 | ||||||
Dick’s Sporting Goods, Inc. |
1,604 | 182,471 | ||||||
Home Depot, Inc. |
11,375 | 3,368,479 | ||||||
Lowe’s Cos., Inc. |
14,986 | 2,921,521 | ||||||
O’Reilly Automotive, Inc.(a) |
828 | 693,177 | ||||||
Ross Stores, Inc. |
2,211 | 211,571 | ||||||
TJX Cos., Inc. |
8,726 | 629,145 | ||||||
Tractor Supply Co. |
1,034 | 227,242 | ||||||
Ulta Beauty, Inc.(a) |
457 | 191,652 | ||||||
Williams-Sonoma, Inc. |
1,444 | 178,810 | ||||||
|
|
|||||||
10,815,872 | ||||||||
Technology Hardware, Storage & Peripherals — 6.0% |
|
|||||||
Apple Inc. |
75,377 | 11,558,309 | ||||||
Dell Technologies, Inc., Class C |
13,057 | 501,389 | ||||||
Hewlett Packard Enterprise Co. |
14,122 | 201,521 | ||||||
HP, Inc. |
50,277 | 1,388,651 | ||||||
NetApp, Inc. |
2,823 | 195,549 | ||||||
Seagate Technology Holdings PLC |
7,141 | 354,622 | ||||||
Xerox Holdings Corp. |
7,880 | 115,284 | ||||||
|
|
|||||||
14,315,325 | ||||||||
Textiles, Apparel & Luxury Goods — 0.5% |
||||||||
Crocs, Inc.(a) |
1,540 | 108,955 | ||||||
Nike, Inc., Class B |
7,861 | 728,558 | ||||||
Tapestry, Inc. |
6,130 | 194,198 | ||||||
VF Corp. |
3,569 | 100,824 | ||||||
|
|
|||||||
1,132,535 | ||||||||
Tobacco — 1.4% |
||||||||
Altria Group, Inc. |
35,676 | 1,650,728 | ||||||
Philip Morris International, Inc. |
17,702 | 1,625,929 | ||||||
|
|
|||||||
3,276,657 | ||||||||
Trading Companies & Distributors — 0.1% |
||||||||
Fastenal Co. |
2,825 | 136,532 | ||||||
WW Grainger, Inc. |
307 | 179,396 | ||||||
|
|
|||||||
315,928 | ||||||||
|
|
|||||||
Total
Long-Term Investments — 99.7% |
|
236,805,253 | ||||||
|
|
|||||||
Short-Term Securities | ||||||||
Money Market Funds — 0.3% | ||||||||
BlackRock
Cash Funds: Treasury, |
768,866 | 768,866 | ||||||
|
|
|||||||
Total
Short-Term Securities — 0.3% |
|
768,866 | ||||||
|
|
|||||||
Total
Investments — 100.0% |
|
237,574,119 | ||||||
Liabilities in Excess of Other Assets — (0.0)% |
|
(107,747 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
|
$ | 237,466,372 | |||||
|
|
(a) |
Non-income producing security. |
(b) |
Affiliate of the Fund. |
(c) |
Annualized 7-day yield as of period end. |
12 |
2 0 2 2 I S H A R E S S E M I - 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 (unaudited) (continued) October 31, 2022 |
iShares® Core Dividend ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended October 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 04/30/22 |
|
|
Purchases at Cost |
|
|
Proceeds from Sale |
|
|
Net Realized |
|
|
Change in Unrealized Appreciation (Depreciation) |
|
|
Value at 10/31/22 |
|
|
Shares Held at 10/31/22 |
|
Income | |
Capital Gain from Underlying |
| |||||||||||
BlackRock
Cash Funds: Treasury, |
$ | 490,000 | $ | 278,866 | (a) | $ | — | $ | — | $ | — | $ | 768,866 | 768,866 | $ | 5,463 | $ | — | ||||||||||||||||||
BlackRock, Inc. |
922,028 | 146,781 | (317,583 | ) | (71,576 | ) | 87,691 | 767,341 | 1,188 | 14,713 | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (71,576 | ) | $ | 87,691 | $ | 1,536,207 | $ | 20,176 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) |
Represents net amount purchased (sold). |
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 | ||||||||||||||
Micro E-Mini S&P 500 Index |
33 | 12/16/22 | $ 641 | $ | 7,092 | |||||||||
|
|
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:
|
||||||||||||||||||||||||||||
Commodity Contracts |
Credit Contracts |
Equity Contracts |
Foreign Currency Exchange Contracts |
Interest Rate Contracts |
Other Contracts |
Total | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Assets — Derivative Financial Instruments |
||||||||||||||||||||||||||||
Futures contracts |
||||||||||||||||||||||||||||
Unrealized appreciation on futures contracts(a) |
$ | — | $ | — | $ | 7,092 | $ | — | $ | — | $ | — | $ | 7,092 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Net cumulative unrealized appreciation (depreciation) on futures contracts, if any, 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 October 31, 2022, the effect of derivative financial instruments in the Statements of Operations was as follows:
|
||||||||||||||||||||||||||||
Commodity Contracts |
Credit Contracts |
Equity Contracts |
Foreign Currency Exchange Contracts |
Interest Rate Contracts |
Other Contracts |
Total | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Net Realized Gain (Loss) from |
||||||||||||||||||||||||||||
Futures contracts |
$ | — | $ | — | $ | (146,312 | ) | $ | — | $ | — | $ | — | $ | (146,312 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on |
||||||||||||||||||||||||||||
Futures contracts |
$ | — | $ | — | $ | 66,540 | $ | — | $ | — | $ | — | $ | 66,540 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Quarterly Balances of Outstanding Derivative Financial Instruments
|
||||
Futures contracts | ||||
Average notional value of contracts — long |
$ | 785,366 | ||
|
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 S O F I N V E S T M E N T S |
13 |
Schedule of Investments (unaudited) (continued) October 31, 2022 |
iShares® Core Dividend 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 | |||||||||||||
|
||||||||||||||||
Assets |
||||||||||||||||
Investments |
||||||||||||||||
Long-Term Investments |
||||||||||||||||
Common Stocks |
$ | 236,805,253 | $ | — | $ | — | $ | 236,805,253 | ||||||||
Short-Term Securities |
||||||||||||||||
Money Market Funds |
768,866 | — | — | 768,866 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 237,574,119 | $ | — | $ | — | $ | 237,574,119 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Derivative Financial Instruments(a) |
||||||||||||||||
Assets |
||||||||||||||||
Equity Contracts |
$ | 7,092 | $ | — | $ | — | $ | 7,092 | ||||||||
|
|
|
|
|
|
|
|
(a) |
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
See notes to financial statements.
14 |
2 0 2 2 I S H A R E S S E M I - 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 (unaudited) October 31, 2022 |
iShares® Core Dividend Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
||||||||
Aerospace & Defense — 3.0% |
||||||||
BWX Technologies, Inc. |
101,371 | $ | 5,776,120 | |||||
Curtiss-Wright Corp. |
13,371 | 2,244,055 | ||||||
General Dynamics Corp. |
347,194 | 86,729,061 | ||||||
HEICO Corp. |
4,716 | 767,010 | ||||||
HEICO Corp., Class A |
8,911 | 1,134,370 | ||||||
Huntington Ingalls Industries, Inc. |
55,587 | 14,289,750 | ||||||
L3Harris Technologies, Inc. |
252,470 | 62,226,281 | ||||||
Lockheed Martin Corp. |
429,191 | 208,878,676 | ||||||
Northrop Grumman Corp. |
140,790 | 77,295,118 | ||||||
Raytheon Technologies Corp. |
2,543,556 | 241,179,980 | ||||||
|
|
|||||||
700,520,421 | ||||||||
Air Freight & Logistics — 1.2% |
||||||||
CH Robinson Worldwide, Inc. |
167,611 | 16,378,947 | ||||||
Expeditors International of Washington, Inc. |
150,772 | 14,753,040 | ||||||
Forward Air Corp. |
19,652 | 2,080,557 | ||||||
United Parcel Service, Inc., Class B |
1,546,562 | 259,466,707 | ||||||
|
|
|||||||
292,679,251 | ||||||||
Auto Components — 0.1% |
||||||||
Gentex Corp. |
285,654 | 7,566,974 | ||||||
LCI Industries |
61,990 | 6,577,759 | ||||||
|
|
|||||||
14,144,733 | ||||||||
Automobiles — 0.0% |
||||||||
Thor Industries, Inc. |
81,667 | 6,653,411 | ||||||
|
|
|||||||
Banks — 10.2% |
||||||||
Associated Banc-Corp. |
408,999 | 9,959,126 | ||||||
Atlantic Union Bankshares Corp. |
183,967 | 6,354,220 | ||||||
BancFirst Corp. |
18,943 | 1,815,118 | ||||||
Bank of America Corp. |
12,060,907 | 434,675,088 | ||||||
Bank of Hawaii Corp. |
99,239 | 7,537,202 | ||||||
Bank OZK |
247,257 | 10,627,106 | ||||||
BOK Financial Corp. |
49,380 | 5,441,182 | ||||||
Cadence Bank |
119,539 | 3,305,253 | ||||||
Cathay General Bancorp |
168,797 | 7,697,143 | ||||||
Citigroup, Inc. |
5,538,079 | 253,976,303 | ||||||
Comerica, Inc. |
295,822 | 20,855,451 | ||||||
Commerce Bancshares, Inc. |
114,675 | 8,123,577 | ||||||
Community Bank System, Inc. |
53,253 | 3,324,585 | ||||||
Cullen/Frost Bankers, Inc. |
100,669 | 15,608,728 | ||||||
CVB Financial Corp. |
267,710 | 7,688,631 | ||||||
Fifth Third Bancorp |
1,653,385 | 59,009,311 | ||||||
First Financial Bankshares, Inc. |
145,182 | 5,588,055 | ||||||
First Horizon Corp. |
952,919 | 23,356,045 | ||||||
First Merchants Corp. |
128,543 | 5,771,581 | ||||||
First Republic Bank |
87,373 | 10,493,497 | ||||||
Fulton Financial Corp. |
426,369 | 7,772,707 | ||||||
Glacier Bancorp, Inc. |
197,011 | 11,284,790 | ||||||
Hilltop Holdings, Inc. |
80,025 | 2,316,724 | ||||||
Home BancShares, Inc. |
374,586 | 9,548,197 | ||||||
Independent Bank Corp. |
34,694 | 3,018,725 | ||||||
Independent Bank Group, Inc. |
56,786 | 3,582,629 | ||||||
JPMorgan Chase & Co. |
5,513,566 | 694,047,688 | ||||||
KeyCorp |
2,797,919 | 49,998,813 | ||||||
M&T Bank Corp. |
320,896 | 54,029,260 | ||||||
PNC Financial Services Group, Inc. |
1,056,937 | 171,044,115 | ||||||
Popular, Inc. |
150,690 | 10,656,797 | ||||||
Prosperity Bancshares, Inc. |
186,475 | 13,346,016 | ||||||
Regions Financial Corp. |
2,015,698 | 44,244,571 | ||||||
ServisFirst Bancshares, Inc. |
37,094 | 2,794,291 | ||||||
Simmons First National Corp., Class A |
177,423 | 4,235,087 |
Security | Shares | Value | ||||||
Banks (continued) |
||||||||
SouthState Corp. |
131,018 | $ | 11,847,958 | |||||
Synovus Financial Corp. |
340,577 | 13,571,993 | ||||||
Towne Bank |
150,416 | 4,954,703 | ||||||
Truist Financial Corp. |
3,997,221 | 179,035,529 | ||||||
U.S. Bancorp |
3,683,836 | 156,378,838 | ||||||
UMB Financial Corp. |
48,788 | 4,060,137 | ||||||
United Community Banks, Inc. |
94,831 | 3,650,993 | ||||||
Washington Federal, Inc. |
137,504 | 5,321,405 | ||||||
Webster Financial Corp. |
422,370 | 22,917,796 | ||||||
Wintrust Financial Corp. |
67,369 | 6,307,086 | ||||||
Zions Bancorp N.A. |
301,109 | 15,639,601 | ||||||
|
|
|||||||
2,406,813,651 | ||||||||
Beverages — 4.0% |
||||||||
Brown-Forman Corp., Class A |
40,161 | 2,761,872 | ||||||
Brown-Forman Corp., Class B, NVS |
129,429 | 8,801,172 | ||||||
Coca-Cola Co. |
7,491,900 | 448,390,215 | ||||||
Constellation Brands, Inc., Class A |
142,387 | 35,180,980 | ||||||
PepsiCo, Inc. |
2,495,810 | 453,189,180 | ||||||
|
|
|||||||
948,323,419 | ||||||||
Biotechnology — 1.3% |
||||||||
Amgen, Inc. |
1,151,267 | 311,245,033 | ||||||
|
|
|||||||
Building Products — 0.5% |
||||||||
A O Smith Corp. |
176,434 | 9,665,055 | ||||||
AAON, Inc. |
21,123 | 1,362,222 | ||||||
Advanced Drainage Systems, Inc. |
13,655 | 1,582,341 | ||||||
Allegion PLC |
100,378 | 10,516,603 | ||||||
Carlisle Cos., Inc. |
35,082 | 8,377,582 | ||||||
Fortune Brands Home & Security, Inc. |
160,984 | 9,710,555 | ||||||
Lennox International, Inc. |
37,157 | 8,678,761 | ||||||
Masco Corp. |
355,294 | 16,439,453 | ||||||
Owens Corning |
111,920 | 9,581,471 | ||||||
Simpson Manufacturing Co., Inc. |
33,789 | 2,888,284 | ||||||
Trane Technologies PLC |
263,975 | 42,138,329 | ||||||
UFP Industries, Inc. |
59,101 | 4,209,764 | ||||||
|
|
|||||||
125,150,420 | ||||||||
Capital Markets — 5.8% |
||||||||
Ameriprise Financial, Inc. |
135,677 | 41,940,474 | ||||||
Bank of New York Mellon Corp. |
1,759,698 | 74,100,883 | ||||||
BlackRock, Inc.(a) |
280,307 | 181,053,094 | ||||||
CME Group, Inc., Class A |
488,239 | 84,611,819 | ||||||
Cohen & Steers, Inc. |
52,333 | 3,148,353 | ||||||
Evercore, Inc., Class A |
83,689 | 8,795,714 | ||||||
FactSet Research Systems, Inc. |
20,710 | 8,811,898 | ||||||
Franklin Resources, Inc. |
852,182 | 19,983,668 | ||||||
Goldman Sachs Group, Inc. |
706,339 | 243,340,849 | ||||||
Hamilton Lane, Inc., Class A |
56,228 | 3,363,559 | ||||||
Houlihan Lokey, Inc., Class A |
92,717 | 8,281,482 | ||||||
Intercontinental Exchange, Inc. |
563,038 | 53,809,542 | ||||||
Jefferies Financial Group, Inc. |
482,889 | 16,616,211 | ||||||
MarketAxess Holdings, Inc. |
29,160 | 7,116,206 | ||||||
Moody’s Corp. |
104,388 | 27,649,250 | ||||||
Morgan Stanley |
3,395,442 | 279,003,469 | ||||||
MSCI, Inc., Class A |
58,452 | 27,405,805 | ||||||
Nasdaq, Inc. |
302,927 | 18,854,176 | ||||||
Northern Trust Corp. |
413,326 | 34,864,048 | ||||||
Raymond James Financial, Inc. |
170,994 | 20,201,231 | ||||||
S&P Global, Inc. |
220,404 | 70,804,785 | ||||||
SEI Investments Co. |
107,340 | 5,828,562 | ||||||
State Street Corp. |
820,487 | 60,716,038 |
S C H E D U L E S O F I N V E S T M E N T S |
15 |
Schedule of Investments (unaudited) (continued) October 31, 2022 |
iShares® Core Dividend Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Capital Markets (continued) |
||||||||
Stifel Financial Corp. |
145,632 | $ | 9,010,252 | |||||
T Rowe Price Group, Inc. |
610,691 | 64,830,957 | ||||||
|
|
|||||||
1,374,142,325 | ||||||||
Chemicals — 2.2% |
||||||||
Air Products and Chemicals, Inc. |
385,315 | 96,482,876 | ||||||
Albemarle Corp. |
45,362 | 12,695,463 | ||||||
Ashland, Inc. |
46,658 | 4,895,357 | ||||||
Avient Corp. |
142,165 | 4,903,271 | ||||||
Balchem Corp. |
11,753 | 1,643,069 | ||||||
Cabot Corp. |
81,818 | 6,011,987 | ||||||
Celanese Corp. |
182,718 | 17,562,854 | ||||||
Eastman Chemical Co. |
292,856 | 22,494,269 | ||||||
Ecolab, Inc. |
201,297 | 31,617,720 | ||||||
HB Fuller Co. |
41,938 | 2,923,498 | ||||||
Innospec, Inc. |
25,980 | 2,597,740 | ||||||
International Flavors & Fragrances, Inc. |
482,832 | 47,129,232 | ||||||
Linde PLC |
559,406 | 166,339,374 | ||||||
NewMarket Corp. |
12,989 | 3,953,072 | ||||||
PPG Industries, Inc. |
311,010 | 35,511,122 | ||||||
Quaker Chemical Corp. |
8,835 | 1,436,924 | ||||||
RPM International, Inc. |
148,312 | 14,025,866 | ||||||
Scotts Miracle-Gro Co., Class A |
126,653 | 5,814,639 | ||||||
Sensient Technologies Corp. |
60,926 | 4,353,772 | ||||||
Sherwin-Williams Co. |
163,393 | 36,768,327 | ||||||
Stepan Co. |
21,035 | 2,196,896 | ||||||
Valvoline, Inc. |
210,577 | 6,182,541 | ||||||
Westlake Corp. |
33,328 | 3,221,151 | ||||||
|
|
|||||||
530,761,020 | ||||||||
Commercial Services & Supplies — 0.5% |
||||||||
ABM Industries, Inc. |
81,640 | 3,633,796 | ||||||
Brady Corp., Class A, NVS |
69,652 | 3,186,579 | ||||||
Cintas Corp. |
63,945 | 27,339,685 | ||||||
MSA Safety, Inc. |
39,445 | 5,295,097 | ||||||
Republic Services, Inc. |
177,769 | 23,575,725 | ||||||
Tetra Tech, Inc. |
24,584 | 3,473,227 | ||||||
Waste Management, Inc. |
389,343 | 61,660,251 | ||||||
|
|
|||||||
128,164,360 | ||||||||
Communications Equipment — 2.0% |
||||||||
Cisco Systems, Inc. |
9,535,083 | 433,178,821 | ||||||
Motorola Solutions, Inc. |
143,827 | 35,915,040 | ||||||
|
|
|||||||
469,093,861 | ||||||||
Construction & Engineering — 0.1% |
||||||||
Comfort Systems U.S.A., Inc. |
15,554 | 1,917,497 | ||||||
MDU Resources Group, Inc. |
399,738 | 11,384,538 | ||||||
|
|
|||||||
13,302,035 | ||||||||
Construction Materials — 0.1% |
||||||||
Martin Marietta Materials, Inc. |
31,953 | 10,735,569 | ||||||
Vulcan Materials Co. |
85,517 | 13,999,133 | ||||||
|
|
|||||||
24,734,702 | ||||||||
Consumer Finance — 0.8% |
||||||||
Ally Financial, Inc. |
806,625 | 22,230,585 | ||||||
American Express Co. |
567,139 | 84,191,785 | ||||||
Discover Financial Services |
461,293 | 48,186,667 | ||||||
FirstCash Holdings, Inc. |
44,993 | 4,429,561 | ||||||
Nelnet, Inc., Class A |
16,780 | 1,494,930 | ||||||
Synchrony Financial |
987,129 | 35,102,307 | ||||||
|
|
|||||||
195,635,835 | ||||||||
Containers & Packaging — 0.2% |
||||||||
AptarGroup, Inc. |
67,337 | 6,676,464 |
Security | Shares | Value | ||||||
Containers & Packaging (continued) |
||||||||
Avery Dennison Corp. |
88,788 | $ | 15,054,005 | |||||
Ball Corp. |
298,265 | 14,731,308 | ||||||
Silgan Holdings, Inc. |
79,261 | 3,753,801 | ||||||
Sonoco Products Co. |
203,399 | 12,627,010 | ||||||
|
|
|||||||
52,842,588 | ||||||||
Distributors — 0.2% |
||||||||
Genuine Parts Co. |
212,480 | 37,791,693 | ||||||
Pool Corp. |
31,662 | 9,632,530 | ||||||
|
|
|||||||
47,424,223 | ||||||||
Diversified Consumer Services — 0.1% |
||||||||
Graham Holdings Co., Class B |
3,140 | 1,958,952 | ||||||
Service Corp. International |
172,302 | 10,443,224 | ||||||
|
|
|||||||
12,402,176 | ||||||||
Electric Utilities — 2.1% |
||||||||
Alliant Energy Corp. |
465,047 | 24,261,502 | ||||||
American Electric Power Co., Inc. |
1,040,876 | 91,513,818 | ||||||
Evergy, Inc. |
508,800 | 31,102,944 | ||||||
Eversource Energy |
650,130 | 49,591,916 | ||||||
IDACORP, Inc. |
93,737 | 9,814,264 | ||||||
MGE Energy, Inc. |
53,133 | 3,617,826 | ||||||
NextEra Energy, Inc. |
2,515,970 | 194,987,675 | ||||||
Otter Tail Corp. |
61,383 | 4,138,442 | ||||||
PNM Resources, Inc. |
170,588 | 7,927,224 | ||||||
Portland General Electric Co. |
210,329 | 9,452,185 | ||||||
Xcel Energy, Inc. |
940,034 | 61,205,614 | ||||||
|
|
|||||||
487,613,410 | ||||||||
Electrical Equipment — 1.1% |
||||||||
Eaton Corp. PLC |
621,152 | 93,216,281 | ||||||
Emerson Electric Co. |
1,012,585 | 87,689,861 | ||||||
Hubbell, Inc. |
71,730 | 17,034,440 | ||||||
nVent Electric PLC |
236,503 | 8,632,360 | ||||||
Regal Rexnord Corp. |
45,384 | 5,742,891 | ||||||
Rockwell Automation, Inc. |
145,494 | 37,144,618 | ||||||
|
|
|||||||
249,460,451 | ||||||||
Electronic Equipment, Instruments & Components — 0.7% |
|
|||||||
Amphenol Corp., Class A |
436,557 | 33,104,117 | ||||||
Avnet, Inc. |
167,484 | 6,731,182 | ||||||
Badger Meter, Inc. |
18,661 | 2,098,989 | ||||||
CDW Corp. |
106,731 | 18,444,184 | ||||||
Cognex Corp. |
74,050 | 3,423,332 | ||||||
Corning, Inc. |
1,689,321 | 54,345,457 | ||||||
Littelfuse, Inc. |
17,885 | 3,939,171 | ||||||
TD SYNNEX Corp. |
37,599 | 3,440,685 | ||||||
TE Connectivity Ltd. |
387,345 | 47,345,179 | ||||||
|
|
|||||||
172,872,296 | ||||||||
Entertainment — 0.1% |
||||||||
Activision Blizzard, Inc. |
323,151 | 23,525,393 | ||||||
|
|
|||||||
Food & Staples Retailing — 1.9% |
||||||||
Casey’s General Stores, Inc. |
17,452 | 4,061,255 | ||||||
Costco Wholesale Corp. |
204,909 | 102,761,864 | ||||||
Kroger Co. |
929,643 | 43,962,817 | ||||||
Sysco Corp. |
820,394 | 71,013,305 | ||||||
Walmart, Inc. |
1,575,031 | 224,174,162 | ||||||
|
|
|||||||
445,973,403 | ||||||||
Food Products — 1.8% |
||||||||
Archer-Daniels-Midland Co. |
702,952 | 68,172,285 | ||||||
Flowers Foods, Inc. |
444,891 | 12,772,821 | ||||||
Hershey Co. |
179,991 | 42,976,451 | ||||||
Hormel Foods Corp. |
426,930 | 19,830,899 |
16 |
2 0 2 2 I S H A R E S S E M I - 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 (unaudited) (continued) October 31, 2022 |
iShares® Core Dividend Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Food Products (continued) |
||||||||
Ingredion, Inc. |
138,362 | $ | 12,330,821 | |||||
J & J Snack Foods Corp. |
18,048 | 2,664,065 | ||||||
JM Smucker Co. |
213,070 | 32,101,126 | ||||||
Kellogg Co. |
554,757 | 42,616,433 | ||||||
Lamb Weston Holdings, Inc. |
120,707 | 10,407,358 | ||||||
Lancaster Colony Corp. |
25,088 | 4,522,865 | ||||||
McCormick & Co., Inc., NVS |
298,510 | 23,474,826 | ||||||
Mondelez International, Inc., Class A |
2,144,862 | 131,866,116 | ||||||
Tyson Foods, Inc., Class A |
492,890 | 33,689,031 | ||||||
|
|
|||||||
437,425,097 | ||||||||
Gas Utilities — 0.3% |
||||||||
Atmos Energy Corp. |
219,774 | 23,416,920 | ||||||
National Fuel Gas Co. |
167,367 | 11,295,599 | ||||||
New Jersey Resources Corp. |
207,161 | 9,247,667 | ||||||
ONE Gas, Inc. |
115,474 | 8,946,925 | ||||||
Southwest Gas Holdings, Inc. |
138,561 | 10,124,652 | ||||||
UGI Corp. |
522,915 | 18,474,587 | ||||||
|
|
|||||||
81,506,350 | ||||||||
Health Care Equipment & Supplies — 2.8% |
||||||||
Abbott Laboratories |
2,137,408 | 211,475,148 | ||||||
Baxter International, Inc. |
675,149 | 36,694,348 | ||||||
Becton Dickinson and Co. |
260,959 | 61,578,495 | ||||||
Dentsply Sirona, Inc. |
230,732 | 7,111,160 | ||||||
Medtronic PLC |
2,847,770 | 248,724,232 | ||||||
ResMed, Inc. |
76,119 | 17,027,059 | ||||||
STERIS PLC |
57,735 | 9,963,906 | ||||||
Stryker Corp. |
301,652 | 69,150,705 | ||||||
|
|
|||||||
661,725,053 | ||||||||
Health Care Providers & Services — 2.8% |
||||||||
AmerisourceBergen Corp. |
128,265 | 20,165,823 | ||||||
Chemed Corp. |
3,314 | 1,547,207 | ||||||
Elevance Health, Inc. |
173,211 | 94,706,579 | ||||||
Encompass Health Corp. |
151,936 | 8,271,396 | ||||||
Ensign Group, Inc. |
9,117 | 818,524 | ||||||
Humana, Inc. |
56,130 | 31,325,030 | ||||||
McKesson Corp. |
58,483 | 22,771,526 | ||||||
Quest Diagnostics, Inc. |
167,024 | 23,992,998 | ||||||
UnitedHealth Group, Inc. |
806,886 | 447,942,763 | ||||||
|
|
|||||||
651,541,846 | ||||||||
Hotels, Restaurants & Leisure — 2.1% |
||||||||
Domino’s Pizza, Inc. |
30,326 | 10,075,510 | ||||||
McDonald’s Corp. |
1,073,947 | 292,822,389 | ||||||
Starbucks Corp. |
1,730,526 | 149,846,246 | ||||||
Texas Roadhouse, Inc. |
96,252 | 9,524,136 | ||||||
Wingstop, Inc. |
11,084 | 1,755,595 | ||||||
Yum! Brands, Inc. |
382,791 | 45,265,036 | ||||||
|
|
|||||||
509,288,912 | ||||||||
Household Durables — 0.2% |
||||||||
DR Horton, Inc. |
277,300 | 21,318,824 | ||||||
Whirlpool Corp. |
174,492 | 24,121,774 | ||||||
|
|
|||||||
45,440,598 | ||||||||
Household Products — 3.4% |
||||||||
Church & Dwight Co., Inc. |
213,689 | 15,840,766 | ||||||
Colgate-Palmolive Co. |
1,364,322 | 100,741,536 | ||||||
Energizer Holdings, Inc. |
193,266 | 5,583,455 | ||||||
Kimberly-Clark Corp. |
834,482 | 103,859,630 | ||||||
Procter & Gamble Co. |
4,328,009 | 582,852,972 | ||||||
WD-40 Co. |
16,165 | 2,588,986 | ||||||
|
|
|||||||
811,467,345 |
Security | Shares | Value | ||||||
Independent Power and Renewable Electricity Producers — 0.1% |
|
|||||||
AES Corp. |
1,060,994 | $ | 27,755,603 | |||||
|
|
|||||||
Industrial Conglomerates — 1.8% |
||||||||
3M Co. |
1,912,689 | 240,597,149 | ||||||
Honeywell International, Inc. |
959,386 | 195,733,932 | ||||||
|
|
|||||||
436,331,081 | ||||||||
Insurance — 3.9% |
||||||||
Aflac, Inc. |
1,057,562 | 68,857,861 | ||||||
Allstate Corp. |
507,168 | 64,029,960 | ||||||
American Equity Investment Life Holding Co. |
51,245 | 2,207,635 | ||||||
American Financial Group, Inc. |
78,696 | 11,419,577 | ||||||
Aon PLC, Class A |
112,761 | 31,741,094 | ||||||
Arthur J. Gallagher & Co. |
156,968 | 29,365,573 | ||||||
Assurant, Inc. |
62,285 | 8,462,040 | ||||||
Assured Guaranty Ltd. |
85,622 | 5,067,966 | ||||||
Axis Capital Holdings Ltd. |
172,568 | 9,434,293 | ||||||
Brown & Brown, Inc. |
100,548 | 5,911,217 | ||||||
Chubb Ltd. |
493,041 | 105,949,581 | ||||||
Cincinnati Financial Corp. |
284,057 | 29,348,769 | ||||||
CNO Financial Group, Inc. |
244,816 | 5,400,641 | ||||||
Erie Indemnity Co., Class A, NVS |
33,540 | 8,620,115 | ||||||
Everest Re Group Ltd. |
63,310 | 20,427,605 | ||||||
Fidelity National Financial, Inc. |
844,257 | 33,246,841 | ||||||
First American Financial Corp. |
286,027 | 14,415,761 | ||||||
Globe Life, Inc. |
51,512 | 5,950,666 | ||||||
Hanover Insurance Group, Inc. |
55,790 | 8,172,677 | ||||||
Hartford Financial Services Group, Inc. |
526,475 | 38,122,055 | ||||||
Kinsale Capital Group, Inc. |
3,652 | 1,151,001 | ||||||
Lincoln National Corp. |
417,353 | 22,482,806 | ||||||
Marsh & McLennan Cos., Inc. |
485,636 | 78,425,358 | ||||||
MetLife, Inc. |
1,418,284 | 103,832,572 | ||||||
Old Republic International Corp. |
817,719 | 18,979,258 | ||||||
Primerica, Inc. |
46,891 | 6,785,128 | ||||||
Principal Financial Group, Inc. |
545,988 | 48,117,922 | ||||||
Reinsurance Group of America, Inc. |
115,597 | 17,012,410 | ||||||
RenaissanceRe Holdings Ltd. |
33,121 | 5,123,156 | ||||||
RLI Corp. |
26,821 | 3,488,607 | ||||||
Selective Insurance Group, Inc. |
56,763 | 5,567,315 | ||||||
Travelers Cos., Inc. |
369,407 | 68,140,815 | ||||||
W. R. Berkley Corp. |
85,706 | 6,374,812 | ||||||
Willis Towers Watson PLC |
118,844 | 25,932,949 | ||||||
|
|
|||||||
917,566,036 | ||||||||
IT Services — 2.9% |
||||||||
Accenture PLC, Class A |
582,620 | 165,405,818 | ||||||
Automatic Data Processing, Inc. |
488,914 | 118,170,514 | ||||||
Broadridge Financial Solutions, Inc. |
120,898 | 18,141,954 | ||||||
Fidelity National Information Services, Inc. |
860,257 | 71,392,729 | ||||||
Genpact Ltd. |
125,084 | 6,066,574 | ||||||
Jack Henry & Associates, Inc. |
49,588 | 9,870,987 | ||||||
Mastercard, Inc., Class A |
348,411 | 114,341,522 | ||||||
SS&C Technologies Holdings, Inc. |
216,778 | 11,146,725 | ||||||
TTEC Holdings, Inc. |
24,088 | 1,071,193 | ||||||
Visa, Inc., Class A |
837,382 | 173,472,055 | ||||||
|
|
|||||||
689,080,071 | ||||||||
Leisure Products — 0.1% |
||||||||
Acushnet Holdings Corp. |
34,126 | 1,589,248 | ||||||
Brunswick Corp. |
102,434 | 7,239,010 | ||||||
Polaris, Inc. |
87,688 | 8,909,101 | ||||||
|
|
|||||||
17,737,359 | ||||||||
Life Sciences Tools & Services — 0.3% |
||||||||
Agilent Technologies, Inc. |
131,200 | 18,151,520 |
S C H E D U L E S O F I N V E S T M E N T S |
17 |
Schedule of Investments (unaudited) (continued) October 31, 2022 |
iShares® Core Dividend Growth ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Life Sciences Tools & Services (continued) |
||||||||
Danaher Corp. |
158,250 | $ | 39,826,778 | |||||
West Pharmaceutical Services, Inc. |
12,850 | 2,956,785 | ||||||
|
|
|||||||
60,935,083 | ||||||||
Machinery — 2.9% |
||||||||
AGCO Corp. |
36,843 | 4,574,795 | ||||||
Caterpillar, Inc. |
962,323 | 208,304,437 | ||||||
Cummins, Inc. |
278,507 | 68,097,747 | ||||||
Donaldson Co., Inc. |
151,539 | 8,705,915 | ||||||
Dover Corp. |
154,389 | 20,177,098 | ||||||
Franklin Electric Co., Inc. |
23,586 | 1,932,637 | ||||||
Graco, Inc. |
149,259 | 10,385,441 | ||||||
Hillenbrand, Inc. |
111,702 | 4,934,994 | ||||||
IDEX Corp. |
60,131 | 13,367,723 | ||||||
Illinois Tool Works, Inc. |
464,070 | 99,092,867 | ||||||
ITT, Inc. |
81,847 | 6,252,292 | ||||||
Kadant, Inc. |
5,198 | 924,984 | ||||||
Lincoln Electric Holdings, Inc. |
64,474 | 9,155,308 | ||||||
Mueller Water Products, Inc., Class A |
234,001 | 2,737,812 | ||||||
Nordson Corp. |
41,179 | 9,265,275 | ||||||
Oshkosh Corp. |
84,146 | 7,404,848 | ||||||
Otis Worldwide Corp. |
453,290 | 32,020,406 | ||||||
PACCAR, Inc. |
362,235 | 35,075,215 | ||||||
Parker-Hannifin Corp. |
169,882 | 49,371,107 | ||||||
Pentair PLC |
210,220 | 9,028,949 | ||||||
Snap-on, Inc. |
92,812 | 20,608,905 | ||||||
Stanley Black & Decker, Inc. |
369,966 | 29,038,631 | ||||||
Terex Corp. |
74,138 | 3,005,554 | ||||||
Timken Co. |
86,893 | 6,194,602 | ||||||
Toro Co. |
98,069 | 10,339,415 | ||||||
Trinity Industries, Inc. |
182,413 | 5,204,243 | ||||||
Watts Water Technologies, Inc., Class A |
17,696 | 2,589,986 | ||||||
Xylem, Inc. |
154,220 | 15,796,755 | ||||||
|
|
|||||||
693,587,941 | ||||||||
Marine — 0.0% |
||||||||
Matson, Inc. |
47,150 | 3,469,297 | ||||||
|
|
|||||||
Media — 1.5% |
||||||||
Cable One, Inc. |
3,706 | 3,185,047 | ||||||
Comcast Corp., Class A |
9,383,570 | 297,834,512 | ||||||
Interpublic Group of Cos., Inc. |
1,115,897 | 33,242,572 | ||||||
John Wiley & Sons, Inc., Class A |
99,141 | 4,182,759 | ||||||
Nexstar Media Group, Inc. |
52,767 | 9,038,987 | ||||||
Sirius XM Holdings, Inc. |
916,589 | 5,536,197 | ||||||
|
|
|||||||
353,020,074 | ||||||||
Metals & Mining — 0.3% |
||||||||
Nucor Corp. |
267,832 | 35,187,768 | ||||||
Reliance Steel & Aluminum Co. |
78,672 | 15,850,835 | ||||||
Royal Gold, Inc. |
66,664 | 6,330,414 | ||||||
Steel Dynamics, Inc. |
209,168 | 19,672,250 | ||||||
Worthington Industries, Inc. |
49,047 | 2,332,675 | ||||||
|
|
|||||||
79,373,942 | ||||||||
Multiline Retail — 0.7% |
||||||||
Dillard’s, Inc., Class A |
880 | 289,335 | ||||||
Dollar General Corp. |
139,734 | 35,639,157 | ||||||
Target Corp. |
795,268 | 130,622,769 | ||||||
|
|
|||||||
166,551,261 | ||||||||
Multi-Utilities — 1.4% |
||||||||
Ameren Corp. |
432,724 | 35,275,660 | ||||||
Black Hills Corp. |
135,954 | 8,887,313 | ||||||
CMS Energy Corp. |
519,809 | 29,655,103 | ||||||
DTE Energy Co. |
344,190 | 38,587,141 |
Security | Shares | Value | ||||||
Multi-Utilities (continued) |
||||||||
NiSource, Inc. |
856,942 | $ | 22,014,840 | |||||
Public Service Enterprise Group, Inc. |
1,092,568 | 61,260,288 | ||||||
Sempra Energy |
564,630 | 85,225,252 | ||||||
WEC Energy Group, Inc. |
589,105 | 53,802,960 | ||||||
|
|
|||||||
334,708,557 | ||||||||
Oil, Gas & Consumable Fuels — 1.5% |
||||||||
ConocoPhillips |
1,515,545 | 191,095,069 | ||||||
Coterra Energy, Inc. |
4,894,572 | 152,368,026 | ||||||
|
|
|||||||
343,463,095 | ||||||||
Personal Products — 0.2% |
||||||||
Estee Lauder Cos., Inc., Class A |
152,327 | 30,540,040 | ||||||
Medifast, Inc. |
43,210 | 5,055,138 | ||||||
|
|
|||||||
35,595,178 | ||||||||
Pharmaceuticals — 10.5% |
||||||||
Bristol-Myers Squibb Co. |
4,546,850 | 352,244,469 | ||||||
Eli Lilly & Co. |
674,496 | 244,228,257 | ||||||
Johnson & Johnson |
3,903,980 | 679,175,401 | ||||||
Merck & Co., Inc. |
5,462,049 | 552,759,359 | ||||||
Perrigo Co. PLC |
251,714 | 10,139,040 | ||||||
Pfizer, Inc. |
13,230,357 | 615,873,118 | ||||||
Zoetis, Inc., Class A |
258,963 | 39,046,441 | ||||||
|
|
|||||||
2,493,466,085 | ||||||||
Professional Services — 0.2% |
||||||||
Booz Allen Hamilton Holding Corp., Class A |
161,992 | 17,632,829 | ||||||
Exponent, Inc. |
35,885 | 3,418,405 | ||||||
Insperity, Inc. |
47,113 | 5,560,276 | ||||||
ManpowerGroup, Inc. |
135,723 | 10,632,540 | ||||||
Robert Half International, Inc. |
167,925 | 12,839,546 | ||||||
|
|
|||||||
50,083,596 | ||||||||
Road & Rail — 1.5% |
||||||||
CSX Corp. |
1,851,218 | 53,796,395 | ||||||
JB Hunt Transport Services, Inc. |
53,884 | 9,217,936 | ||||||
Landstar System, Inc. |
21,070 | 3,291,555 | ||||||
Norfolk Southern Corp. |
330,859 | 75,459,012 | ||||||
Old Dominion Freight Line, Inc. |
28,541 | 7,837,359 | ||||||
Ryder System, Inc. |
116,239 | 9,358,402 | ||||||
Schneider National, Inc., Class B |
35,299 | 785,050 | ||||||
Union Pacific Corp. |
970,373 | 191,299,333 | ||||||
Werner Enterprises, Inc. |
57,267 | 2,244,866 | ||||||
|
|
|||||||
353,289,908 | ||||||||
Semiconductors & Semiconductor Equipment — 6.6% |
||||||||
Analog Devices, Inc. |
718,034 | 102,406,009 | ||||||
Broadcom, Inc. |
901,155 | 423,650,989 | ||||||
Intel Corp. |
13,241,646 | 376,459,996 | ||||||
KLA Corp. |
156,643 | 49,569,677 | ||||||
Lam Research Corp. |
130,861 | 52,969,916 | ||||||
Microchip Technology, Inc. |
698,734 | 43,139,837 | ||||||
Power Integrations, Inc. |
42,689 | 2,847,783 | ||||||
QUALCOMM, Inc. |
1,776,205 |