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SEPTEMBER 30, 2022 |
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2022 Semi-Annual Report (Unaudited)
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iShares Trust
· iShares S&P 100 ETF | OEF | NYSE Arca
· iShares S&P 500 Growth ETF | IVW | NYSE Arca
· iShares S&P 500 Value ETF | IVE | NYSE Arca
· iShares S&P Small-Cap 600 Value ETF | IJS | NYSE Arca
Dear Shareholder,
The 12-month reporting period as of September 30, 2022 saw the emergence of significant challenges that disrupted the economic recovery and strong financial markets of 2021. The U.S. economy shrank in the first half of 2022, ending the run of robust growth that followed the reopening of global economies and the development of COVID-19 vaccines. 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 and economically sensitive small-capitalization stocks. While both large-and small-capitalization U.S. stocks fell, declines for small-capitalization U.S. stocks were steeper. Both emerging market stocks and international equities from developed markets fell significantly, 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 notably during the reporting period 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 is proving 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 September 30, 2022 | ||||||||
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6-Month
|
12-Month
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U.S. large cap equities (S&P 500® Index) |
(20.20) | % | (15.47) | % | ||||
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U.S. small cap equities (Russell 2000® Index) |
(19.01) | (23.50) | ||||||
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International equities (MSCI Europe, Australasia, Far East Index) |
(22.51) | (25.13) | ||||||
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Emerging market equities (MSCI Emerging Markets Index) |
(21.70) | (28.11) | ||||||
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3-month Treasury bills (ICE BofA 3-Month U.S. Treasury Bill Index) |
0.58 | 0.63 | ||||||
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U.S. Treasury securities (ICE BofA 10-Year U.S. Treasury Index) |
(10.81) | (16.20) | ||||||
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U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index) |
(9.22) | (14.60) | ||||||
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Tax-exempt municipal bonds (Bloomberg Municipal Bond Index) |
(6.30) | (11.50) | ||||||
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U.S. high yield bonds (Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index) |
(10.42) | (14.15) | ||||||
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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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Financial Statements: |
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| Fund Summary as of September 30, 2022 | iShares® S&P 100 ETF |
Investment Objective
The iShares S&P 100 ETF (the “Fund”) seeks to track the investment results of an index composed of 100 large-capitalization U.S. equities, as represented by the S&P 100® (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 | ||||||||||||||||||||||||||
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Fund NAV |
(21.50 | )% | (16.71 | )% | 9.65 | % | 11.43 | % | (16.71 | )% | 58.54 | % | 195.07 | % | ||||||||||||||||||
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Fund Market |
(21.49 | ) | (16.60 | ) | 9.69 | 11.45 | (16.60 | ) | 58.82 | 195.68 | ||||||||||||||||||||||
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Index |
(21.43 | ) | (16.55 | ) | 9.87 | 11.65 | (16.55 | ) | 60.14 | 200.97 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||
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Beginning Account Value (04/01/22) |
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Ending Account Value (09/30/22) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (04/01/22) |
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Ending Account Value (09/30/22) |
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Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
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| $ | 1,000.00 | $ 785.00 | $ 0.89 | $ 1,000.00 | $ 1,024.07 | $ 1.01 | 0.20 | % | ||||||||||||||||||||||
| (a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (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
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Sector |
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Percent of Total Investments |
(a) | |
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Information Technology |
31.3 | % | ||
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Health Care |
15.0 | |||
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Consumer Discretionary |
13.6 | |||
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Communication Services |
11.0 | |||
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Financials |
9.6 | |||
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Consumer Staples |
7.7 | |||
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Industrials |
4.9 | |||
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Energy |
3.8 | |||
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Utilities |
1.7 | |||
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Other (each representing less than 1%) |
1.4 | |||
TEN LARGEST HOLDINGS
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Security |
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Percent of Total Investments |
(a) | |
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Apple, Inc. |
10.5 | % | ||
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Microsoft Corp. |
8.7 | |||
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Amazon.com, Inc. |
5.0 | |||
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Tesla, Inc. |
3.6 | |||
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Alphabet, Inc., Class A |
2.9 | |||
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Alphabet, Inc., Class C |
2.6 | |||
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Berkshire Hathaway, Inc., Class B |
2.4 | |||
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UnitedHealth Group, Inc. |
2.4 | |||
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Johnson & Johnson |
2.2 | |||
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Exxon Mobil Corp. |
1.8 | |||
| (a) |
Excludes money market funds. |
| 4 |
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 September 30, 2022 | iShares® S&P 500 Growth ETF |
Investment Objective
The iShares S&P 500 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 S&P 500 Growth IndexTM (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 | |||||||||||||||||||||||||||||||
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6-Month Total Returns |
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | ||||||||||||||||||||||||||
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Fund NAV |
(23.93 | )% | (21.24 | )% | 11.22 | % | 12.99 | % | (21.24 | )% | 70.19 | % | 239.13 | % | ||||||||||||||||||
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Fund Market |
(23.94 | ) | (21.18 | ) | 11.24 | 13.00 | (21.18 | ) | 70.33 | 239.40 | ||||||||||||||||||||||
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Index |
(23.87 | ) | (21.11 | ) | 11.42 | 13.19 | (21.11 | ) | 71.70 | 245.29 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||
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Beginning Account Value (04/01/22) |
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Ending Account Value (09/30/22) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (04/01/22) |
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Ending Account Value (09/30/22) |
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Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
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| $ | 1,000.00 | $ 760.70 | $ 0.79 | $ 1,000.00 | $ 1,024.17 | $ 0.91 | 0.18 | % | ||||||||||||||||||||||
| (a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (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
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SECTOR ALLOCATION
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| Sector | |
Percent of Total Investments |
(a) | |
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Information Technology |
42.8 | % | ||
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Consumer Discretionary |
17.4 | |||
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Health Care |
12.3 | |||
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Communication Services |
10.5 | |||
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Financials |
6.9 | |||
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Industrials |
3.5 | |||
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Real Estate |
2.3 | |||
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Consumer Staples |
1.8 | |||
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Materials |
1.3 | |||
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Energy |
1.2 | |||
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Utilities |
0.0 | (b) | ||
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TEN LARGEST HOLDINGS
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| Security | |
Percent of Total Investments |
(a) | |
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Apple, Inc. |
14.3 | % | ||
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Microsoft Corp. |
11.9 | |||
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Amazon.com, Inc. |
6.8 | |||
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Tesla, Inc. |
4.8 | |||
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Alphabet, Inc., Class A |
3.9 | |||
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Alphabet, Inc., Class C |
3.5 | |||
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Meta Platforms, Inc., Class A |
2.1 | |||
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NVIDIA Corp. |
2.1 | |||
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Eli Lilly & Co. |
1.7 | |||
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Home Depot, Inc. |
1.5 | |||
| (a) |
Excludes money market funds. |
| (b) |
Rounds to less than 0.1%. |
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F U N D S U M M A R Y |
5 |
| Fund Summary as of September 30, 2022 | iShares® S&P 500 Value ETF |
Investment Objective
The iShares S&P 500 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 S&P 500 Value IndexTM (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 | |||||||||||||||||||||||||||||||
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6-Month Total Returns |
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | ||||||||||||||||||||||||||
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Fund NAV |
(16.51 | )% | (9.80 | )% | 6.00 | % | 9.45 | % | (9.80 | )% | 33.80 | % | 146.68 | % | ||||||||||||||||||
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Fund Market |
(16.55 | ) | (9.79 | ) | 6.01 | 9.45 | (9.79 | ) | 33.86 | 146.76 | ||||||||||||||||||||||
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Index |
(16.43 | ) | (9.63 | ) | 6.17 | 9.63 | (9.63 | ) | 34.91 | 150.89 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||
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Beginning Account Value (04/01/22) |
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Ending Account Value (09/30/22) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (04/01/22) |
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Ending Account Value (09/30/22) |
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Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
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| $ | 1,000.00 | $ 834.90 | $ 0.83 | $ 1,000.00 | $ 1,024.17 | $ 0.91 | 0.18 | % | ||||||||||||||||||||||
| (a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (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
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SECTOR ALLOCATION
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Sector |
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Percent of Total Investments |
(a) | |
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Health Care |
17.7 | % | ||
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Financials |
14.9 | |||
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Industrials |
12.0 | |||
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Consumer Staples |
11.6 | |||
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Information Technology |
10.9 | |||
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Energy |
7.8 | |||
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Consumer Discretionary |
6.3 | |||
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Utilities |
6.1 | |||
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Communication Services |
5.8 | |||
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Materials |
3.6 | |||
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Real Estate |
3.3 | |||
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TEN LARGEST HOLDINGS
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| Security | |
Percent of Total Investments |
(a) | |
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Berkshire Hathaway, Inc., Class B |
3.1 | % | ||
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Johnson & Johnson |
2.8 | |||
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Exxon Mobil Corp. |
2.3 | |||
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Procter & Gamble Co. |
1.9 | |||
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UnitedHealth Group, Inc. |
1.8 | |||
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Chevron Corp. |
1.7 | |||
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Merck & Co., Inc. |
1.4 | |||
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Coca-Cola Co. |
1.4 | |||
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Walmart, Inc. |
1.2 | |||
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Walt Disney Co. |
1.1 | |||
| (a) |
Excludes money market funds. |
| 6 |
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 September 30, 2022 | iShares® S&P Small-Cap 600 Value ETF |
Investment Objective
The iShares S&P Small-Cap 600 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 S&P SmallCap 600 Value IndexTM (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 | ||||||||||||||||||||||||||
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Fund NAV |
(18.76 | )% | (16.70 | )% | 3.77 | % | 9.31 | % | (16.70 | )% | 20.35 | % | 143.50 | % | ||||||||||||||||||
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Fund Market |
(18.74 | ) | (16.72 | ) | 3.78 | 9.31 | (16.72 | ) | 20.36 | 143.55 | ||||||||||||||||||||||
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Index |
(18.66 | ) | (16.41 | ) | 3.99 | 9.51 | (16.41 | ) | 21.58 | 148.12 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||
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Beginning Account Value (04/01/22) |
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Ending Account Value (09/30/22) |
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Expenses Paid During the Period |
(a) |
|
Beginning Account Value (04/01/22) |
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Ending Account Value (09/30/22) |
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Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
| $ | 1,000.00 | $ 812.40 | $ 0.82 | $ 1,000.00 | $ 1,024.17 | $ 0.91 | 0.18 | % | ||||||||||||||||||||||
| (a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (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
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SECTOR ALLOCATION
|
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Sector |
|
Percent of Total Investments |
(a) | |
|
Financials |
21.2 | % | ||
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Industrials |
17.1 | |||
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Consumer Discretionary |
12.6 | |||
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Health Care |
9.5 | |||
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Real Estate |
8.5 | |||
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Information Technology |
7.5 | |||
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Materials |
6.7 | |||
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Energy |
6.0 | |||
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Consumer Staples |
5.8 | |||
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Utilities |
3.0 | |||
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Communication Services |
2.1 | |||
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TEN LARGEST HOLDINGS
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Security |
|
Percent of Total Investments |
(a) | |
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South Jersey Industries, Inc. |
1.0 | % | ||
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Helmerich & Payne, Inc. |
0.9 | |||
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PBF Energy, Inc., Class A |
0.9 | |||
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CVB Financial Corp. |
0.8 | |||
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Hostess Brands, Inc. |
0.7 | |||
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First Hawaiian, Inc. |
0.7 | |||
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Agree Realty Corp. |
0.7 | |||
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Mr Cooper Group, Inc. |
0.7 | |||
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Simmons First National Corp., Class A |
0.7 | |||
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Resideo Technologies, Inc. |
0.7 | |||
| (a) |
Excludes money market funds. |
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F U N D S U M M A R Y |
7 |
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 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.
| 8 |
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) September 30, 2022 |
iShares® S&P 100 ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
|
Common Stocks |
||||||||
| Aerospace & Defense — 1.6% | ||||||||
|
Boeing Co.(a)(b) |
200,435 | $ | 24,268,670 | |||||
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General Dynamics Corp. |
80,751 | 17,132,940 | ||||||
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Lockheed Martin Corp. |
84,739 | 32,733,828 | ||||||
|
Raytheon Technologies Corp. |
530,194 | 43,401,681 | ||||||
|
|
|
|||||||
| 117,537,119 | ||||||||
| Air Freight & Logistics — 0.8% | ||||||||
|
FedEx Corp. |
85,843 | 12,745,110 | ||||||
|
United Parcel Service, Inc., Class B |
262,798 | 42,452,389 | ||||||
|
|
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|||||||
| 55,197,499 | ||||||||
| Automobiles — 4.0% | ||||||||
|
Ford Motor Co. |
1,419,754 | 15,901,245 | ||||||
|
General Motors Co. |
524,177 | 16,820,840 | ||||||
|
Tesla, Inc.(a) |
956,405 | 253,686,426 | ||||||
|
|
|
|||||||
| 286,408,511 | ||||||||
| Banks — 4.0% | ||||||||
|
Bank of America Corp. |
2,510,239 | 75,809,218 | ||||||
|
Citigroup, Inc. |
695,444 | 28,979,151 | ||||||
|
JPMorgan Chase & Co. |
1,053,042 | 110,042,889 | ||||||
|
US Bancorp |
486,079 | 19,598,705 | ||||||
|
Wells Fargo & Co. |
1,362,025 | 54,780,646 | ||||||
|
|
|
|||||||
| 289,210,609 | ||||||||
| Beverages — 2.2% | ||||||||
|
Coca-Cola Co. |
1,397,617 | 78,294,504 | ||||||
|
PepsiCo, Inc. |
495,567 | 80,906,269 | ||||||
|
|
|
|||||||
| 159,200,773 | ||||||||
| Biotechnology — 2.2% | ||||||||
|
AbbVie, Inc. |
634,896 | 85,209,392 | ||||||
|
Amgen, Inc. |
192,085 | 43,295,959 | ||||||
|
Gilead Sciences, Inc. |
449,881 | 27,753,159 | ||||||
|
|
|
|||||||
| 156,258,510 | ||||||||
| Capital Markets — 2.2% | ||||||||
|
Bank of New York Mellon Corp. |
265,165 | 10,214,156 | ||||||
|
BlackRock, Inc.(c) |
54,140 | 29,792,159 | ||||||
|
Charles Schwab Corp. |
548,303 | 39,406,537 | ||||||
|
Goldman Sachs Group, Inc. |
122,575 | 35,920,604 | ||||||
|
Morgan Stanley |
480,860 | 37,992,748 | ||||||
|
|
|
|||||||
| 153,326,204 | ||||||||
| Chemicals — 0.8% | ||||||||
|
Dow, Inc. |
257,279 | 11,302,267 | ||||||
|
Linde PLC |
178,955 | 48,244,478 | ||||||
|
|
|
|||||||
| 59,546,745 | ||||||||
| Communications Equipment — 0.8% | ||||||||
|
Cisco Systems, Inc. |
1,486,957 | 59,478,280 | ||||||
|
|
|
|||||||
| Consumer Finance — 0.6% | ||||||||
|
American Express Co. |
215,379 | 29,056,781 | ||||||
|
Capital One Financial Corp. |
137,612 | 12,683,698 | ||||||
|
|
|
|||||||
| 41,740,479 | ||||||||
| Diversified Financial Services — 2.4% | ||||||||
|
Berkshire Hathaway, Inc., Class B(a) |
648,086 | 173,051,924 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services — 1.4% | ||||||||
|
AT&T Inc. |
2,558,839 | 39,252,590 | ||||||
|
Verizon Communications, Inc. |
1,508,054 | 57,260,811 | ||||||
|
|
|
|||||||
| 96,513,401 | ||||||||
| Electric Utilities — 1.7% | ||||||||
|
Duke Energy Corp. |
276,484 | 25,718,542 | ||||||
| Security | Shares | Value | ||||||
| Electric Utilities (continued) | ||||||||
|
Exelon Corp. |
355,813 | $ | 13,328,755 | |||||
|
NextEra Energy, Inc. |
705,522 | 55,319,980 | ||||||
|
Southern Co. |
381,707 | 25,956,076 | ||||||
|
|
|
|||||||
| 120,323,353 | ||||||||
| Electrical Equipment — 0.2% | ||||||||
|
Emerson Electric Co. |
212,217 | 15,538,529 | ||||||
|
|
|
|||||||
| Entertainment — 1.4% | ||||||||
|
Netflix, Inc.(a)(b) |
159,687 | 37,596,707 | ||||||
|
Walt Disney Co.(a)(b) |
654,632 | 61,751,437 | ||||||
|
|
|
|||||||
| 99,348,144 | ||||||||
| Equity Real Estate Investment Trusts (REITs) — 0.7% | ||||||||
|
American Tower Corp. |
167,185 | 35,894,619 | ||||||
|
Simon Property Group, Inc. |
117,392 | 10,535,932 | ||||||
|
|
|
|||||||
| 46,430,551 | ||||||||
| Food & Staples Retailing — 2.1% | ||||||||
|
Costco Wholesale Corp. |
159,062 | 75,120,211 | ||||||
|
Walgreens Boots Alliance, Inc. |
257,582 | 8,088,075 | ||||||
|
Walmart, Inc. |
511,839 | 66,385,518 | ||||||
|
|
|
|||||||
| 149,593,804 | ||||||||
| Food Products — 0.5% | ||||||||
|
Kraft Heinz Co. |
287,219 | 9,578,754 | ||||||
|
Mondelez International, Inc., Class A |
492,150 | 26,984,584 | ||||||
|
|
|
|||||||
| 36,563,338 | ||||||||
| Health Care Equipment & Supplies — 1.4% | ||||||||
|
Abbott Laboratories |
628,837 | 60,846,268 | ||||||
|
Medtronic PLC |
477,119 | 38,527,359 | ||||||
|
|
|
|||||||
| 99,373,627 | ||||||||
| Health Care Providers & Services — 3.0% | ||||||||
|
CVS Health Corp. |
471,418 | 44,959,135 | ||||||
|
UnitedHealth Group, Inc. |
335,882 | 169,633,845 | ||||||
|
|
|
|||||||
| 214,592,980 | ||||||||
| Hotels, Restaurants & Leisure — 1.7% | ||||||||
|
Booking Holdings, Inc.(a) |
14,258 | 23,428,888 | ||||||
|
McDonald’s Corp. |
264,184 | 60,957,816 | ||||||
|
Starbucks Corp. |
412,014 | 34,716,300 | ||||||
|
|
|
|||||||
| 119,103,004 | ||||||||
| Household Products — 1.8% | ||||||||
|
Colgate-Palmolive Co. |
299,519 | 21,041,210 | ||||||
|
Procter & Gamble Co. |
858,052 | 108,329,065 | ||||||
|
|
|
|||||||
| 129,370,275 | ||||||||
| Industrial Conglomerates — 1.2% | ||||||||
|
3M Co. |
198,794 | 21,966,737 | ||||||
|
General Electric Co. |
393,757 | 24,377,496 | ||||||
|
Honeywell International, Inc. |
241,914 | 40,392,380 | ||||||
|
|
|
|||||||
| 86,736,613 | ||||||||
| Insurance — 0.4% | ||||||||
|
American International Group, Inc. |
272,728 | 12,949,125 | ||||||
|
MetLife, Inc. |
240,405 | 14,611,816 | ||||||
|
|
|
|||||||
| 27,560,941 | ||||||||
| Interactive Media & Services — 7.0% | ||||||||
|
Alphabet, Inc., Class A(a) |
2,153,073 | 205,941,432 | ||||||
|
Alphabet, Inc., Class C, NVS(a) |
1,925,344 | 185,121,826 | ||||||
|
Meta Platforms, Inc., Class A(a) |
818,954 | 111,115,679 | ||||||
|
|
|
|||||||
| 502,178,937 | ||||||||
| Internet & Direct Marketing Retail — 5.0% | ||||||||
|
Amazon.com, Inc.(a) |
3,182,631 | 359,637,303 | ||||||
|
|
|
|||||||
|
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) September 30, 2022 |
iShares® S&P 100 ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
|
|
||||||||
| IT Services — 4.5% | ||||||||
|
Accenture PLC, Class A |
227,137 | $ | 58,442,350 | |||||
|
International Business Machines Corp. |
324,318 | 38,532,221 | ||||||
|
Mastercard, Inc., Class A |
306,379 | 87,115,805 | ||||||
|
PayPal Holdings, Inc.(a)(b) |
415,272 | 35,742,461 | ||||||
|
Visa, Inc., Class A |
587,109 | 104,299,914 | ||||||
|
|
|
|||||||
| 324,132,751 | ||||||||
| Life Sciences Tools & Services — 1.9% | ||||||||
|
Danaher Corp. |
235,092 | 60,721,913 | ||||||
|
Thermo Fisher Scientific, Inc. |
140,685 | 71,354,025 | ||||||
|
|
|
|||||||
| 132,075,938 | ||||||||
| Machinery — 0.4% | ||||||||
|
Caterpillar, Inc. |
189,564 | 31,103,661 | ||||||
|
|
|
|||||||
| Media — 0.8% | ||||||||
|
Charter Communications, Inc., Class A(a) |
39,748 | 12,057,556 | ||||||
|
Comcast Corp., Class A |
1,581,336 | 46,380,585 | ||||||
|
|
|
|||||||
| 58,438,141 | ||||||||
| Multiline Retail — 0.4% | ||||||||
|
Target Corp. |
166,505 | 24,707,677 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels — 3.8% | ||||||||
|
Chevron Corp. |
646,655 | 92,904,924 | ||||||
|
ConocoPhillips |
457,128 | 46,782,479 | ||||||
|
Exxon Mobil Corp. |
1,496,534 | 130,662,384 | ||||||
|
|
|
|||||||
| 270,349,787 | ||||||||
| Pharmaceuticals — 6.5% | ||||||||
|
Bristol-Myers Squibb Co. |
766,738 | 54,507,404 | ||||||
|
Eli Lilly & Co. |
283,191 | 91,569,810 | ||||||
|
Johnson & Johnson |
944,099 | 154,228,013 | ||||||
|
Merck & Co., Inc. |
909,663 | 78,340,178 | ||||||
|
Pfizer, Inc. |
2,015,311 | 88,190,009 | ||||||
|
|
|
|||||||
| 466,835,414 | ||||||||
| Road & Rail — 0.6% | ||||||||
|
Union Pacific Corp. |
224,242 | 43,686,826 | ||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment — 4.8% | ||||||||
|
Advanced Micro Devices, Inc.(a) |
579,679 | 36,728,461 | ||||||
|
Broadcom, Inc. |
145,006 | 64,384,114 | ||||||
|
Intel Corp. |
1,474,401 | 37,995,314 | ||||||
|
NVIDIA Corp. |
899,154 | 109,148,304 | ||||||
|
QUALCOMM, Inc. |
403,253 | 45,559,524 | ||||||
|
Texas Instruments, Inc. |
328,098 | 50,783,009 | ||||||
|
|
|
|||||||
| 344,598,726 | ||||||||
| Software — 10.6% | ||||||||
|
Adobe, Inc.(a) |
168,051 | 46,247,635 | ||||||
| Security | Shares | Value | ||||||
|
|
||||||||
| Software (continued) | ||||||||
|
Microsoft Corp. |
2,678,016 | $ | 623,709,926 | |||||
|
Oracle Corp. |
545,453 | 33,310,815 | ||||||
|
Salesforce, Inc.(a) |
357,289 | 51,392,450 | ||||||
|
|
|
|||||||
| 754,660,826 | ||||||||
| Specialty Retail — 2.0% | ||||||||
|
Home Depot, Inc. |
369,052 | 101,836,209 | ||||||
|
Lowe’s Cos., Inc. |
229,502 | 43,102,770 | ||||||
|
|
|
|||||||
| 144,938,979 | ||||||||
| Technology Hardware, Storage & Peripherals — 10.5% | ||||||||
|
Apple Inc. |
5,424,517 | 749,668,249 | ||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods — 0.5% | ||||||||
|
Nike, Inc., Class B(b) |
453,759 | 37,716,448 | ||||||
|
|
|
|||||||
| Tobacco — 1.0% | ||||||||
|
Altria Group, Inc. |
646,649 | 26,111,687 | ||||||
|
Philip Morris International, Inc. |
556,641 | 46,206,769 | ||||||
|
|
|
|||||||
| 72,318,456 | ||||||||
| Wireless Telecommunication Services — 0.4% | ||||||||
|
T-Mobile U.S., Inc.(a)(b) |
216,148 | 29,000,577 | ||||||
|
|
|
|||||||
|
Total
Long-Term Investments — 99.8% |
|
7,138,053,909 | ||||||
|
|
|
|||||||
|
Short-Term Securities(c)(d) |
||||||||
| Money Market Funds — 0.4% | ||||||||
|
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.18%(e) |
19,741,638 | 19,747,561 | ||||||
|
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.81% |
10,708,836 | 10,708,836 | ||||||
|
|
|
|||||||
|
Total
Short-Term Securities — 0.4% |
|
30,456,397 | ||||||
|
|
|
|||||||
|
Total
Investments — 100.2% |
|
7,168,510,306 | ||||||
|
Liabilities in Excess of Other Assets — (0.2)% |
|
(13,127,508 | ) | |||||
|
|
|
|||||||
|
Net Assets — 100.0% |
|
$ | 7,155,382,798 | |||||
|
|
|
|||||||
| (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. |
| 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) September 30, 2022 |
iShares® S&P 100 ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended September 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer |
Value at 03/31/22 |
Purchases at Cost |
Proceeds from Sale |
Net Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 09/30/22 |
Shares Held at 09/30/22 |
Income |
Capital Gain |
|||||||||||||||||||||||||||
|
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 9,415,762 | $ | 10,327,378 | (a) | $ | — | $ | 3,335 | $ | 1,086 | $ | 19,747,561 | 19,741,638 | $ | 96,480 | (b) | $ | — | |||||||||||||||||
|
BlackRock Cash Funds: Treasury, SL Agency Shares |
16,943,000 | — | (6,234,164 | )(a) | — | — | 10,708,836 | 10,708,836 | 120,621 | — | ||||||||||||||||||||||||||
|
BlackRock, Inc. |
37,188,333 | 6,170,775 | (2,544,842 | ) | 613,091 | (11,635,198 | ) | 29,792,159 | 54,140 | 493,939 | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| $ | 616,426 | $ | (11,634,112 | ) | $ | 60,248,556 | $ | 711,040 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (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 |
96 | 12/16/22 | $ | 17,287 | $ | (1,828,277 | ) | |||||||||
|
|
|
|||||||||||||||
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 | ||||||||||||||||||||||
|
Liabilities — Derivative Financial Instruments |
||||||||||||||||||||||||||||
|
Futures contracts |
||||||||||||||||||||||||||||
|
Unrealized depreciation on futures contracts(a) |
$ | — | $ | — | $ | 1,828,277 | $ | — | $ | — | $ | — | $ | 1,828,277 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| (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 September 30, 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 |
$ | — | $ | — | $ | (962,171 | ) | $ | — | $ | — | $ | — | $ | (962,171 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
|
Net Change in Unrealized Appreciation (Depreciation) on |
|
|||||||||||||||||||||||||||
|
Futures contracts |
$ | — | $ | — | $ | (2,953,922 | ) | $ | — | $ | — | $ | — | $ | (2,953,922 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
|
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) September 30, 2022 |
iShares® S&P 100 ETF |
Average Quarterly Balances of Outstanding Derivative Financial Instruments
|
Futures contracts |
||||
|
Average notional value of contracts — long |
$ | 18,875,250 | ||
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 | |||||||||||||
|
|
||||||||||||||||
|
Assets |
||||||||||||||||
|
Investments |
||||||||||||||||
|
Long-Term Investments |
||||||||||||||||
|
Common Stocks |
$ | 7,138,053,909 | $ | — | $ | — | $ | 7,138,053,909 | ||||||||
|
Short-Term Securities |
||||||||||||||||
|
Money Market Funds |
30,456,397 | — | — | 30,456,397 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 7,168,510,306 | $ | — | $ | — | $ | 7,168,510,306 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Derivative Financial Instruments(a) |
||||||||||||||||
|
Liabilities |
||||||||||||||||
|
Equity Contracts |
$ | (1,828,277 | ) | $ | — | $ | — | $ | (1,828,277 | ) | ||||||
|
|
|
|
|
|
|
|
|
|||||||||
| (a) |
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
See notes to financial statements.
| 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) September 30, 2022 |
iShares® S&P 500 Growth ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
|
Common Stocks |
||||||||
| Aerospace & Defense — 0.2% | ||||||||
|
L3Harris Technologies, Inc. |
146,630 | $ | 30,474,113 | |||||
|
TransDigm Group, Inc. |
41,161 | 21,602,116 | ||||||
|
|
|
|||||||
| 52,076,229 | ||||||||
| Air Freight & Logistics — 0.4% | ||||||||
|
Expeditors International of Washington, Inc. |
299,730 | 26,469,156 | ||||||
|
United Parcel Service, Inc., Class B |
574,920 | 92,872,577 | ||||||
|
|
|
|||||||
| 119,341,733 | ||||||||
| Auto Components — 0.1% | ||||||||
|
Aptiv PLC(a) |
203,636 | 15,926,372 | ||||||
|
|
|
|||||||
| Automobiles — 4.8% | ||||||||
|
Tesla, Inc.(a) |
4,868,097 | 1,291,262,729 | ||||||
|
|
|
|||||||
| Banks — 2.1% | ||||||||
|
Bank of America Corp. |
5,621,946 | 169,782,769 | ||||||
|
Comerica, Inc. |
104,617 | 7,438,269 | ||||||
|
First Republic Bank |
334,748 | 43,701,351 | ||||||
|
JPMorgan Chase & Co. |
2,465,606 | 257,655,827 | ||||||
|
Regions Financial Corp. |
770,584 | 15,465,621 | ||||||
|
Signature Bank |
114,760 | 17,328,760 | ||||||
|
SVB Financial Group(a) |
108,243 | 36,345,835 | ||||||
|
Zions Bancorp NA |
132,729 | 6,750,597 | ||||||
|
|
|
|||||||
| 554,469,029 | ||||||||
| Beverages — 0.8% | ||||||||
|
Keurig Dr Pepper, Inc. |
373,595 | 13,382,173 | ||||||
|
Monster Beverage Corp.(a) |
366,397 | 31,861,883 | ||||||
|
PepsiCo, Inc. |
1,060,301 | 173,104,741 | ||||||
|
|
|
|||||||
| 218,348,797 | ||||||||
| Biotechnology — 2.3% | ||||||||
|
AbbVie, Inc. |
1,745,095 | 234,209,200 | ||||||
|
Amgen, Inc. |
400,874 | 90,357,000 | ||||||
|
Incyte Corp.(a) |
143,990 | 9,595,494 | ||||||
|
Moderna, Inc.(a)(b) |
614,106 | 72,618,034 | ||||||
|
Regeneron Pharmaceuticals, Inc.(a) |
195,921 | 134,964,099 | ||||||
|
Vertex Pharmaceuticals, Inc.(a) |
280,944 | 81,344,526 | ||||||
|
|
|
|||||||
| 623,088,353 | ||||||||
| Building Products — 0.2% | ||||||||
|
A O Smith Corp. |
116,090 | 5,639,652 | ||||||
|
Fortune Brands Home & Security, Inc. |
102,202 | 5,487,226 | ||||||
|
Johnson Controls International PLC |
769,551 | 37,877,300 | ||||||
|
Masco Corp. |
196,739 | 9,185,744 | ||||||
|
|
|
|||||||
| 58,189,922 | ||||||||
| Capital Markets — 3.4% | ||||||||
|
Ameriprise Financial, Inc. |
120,883 | 30,456,472 | ||||||
|
BlackRock, Inc.(c) |
143,173 | 78,785,238 | ||||||
|
Cboe Global Markets, Inc. |
112,749 | 13,233,350 | ||||||
|
Charles Schwab Corp. |
1,897,790 | 136,394,167 | ||||||
|
FactSet Research Systems, Inc.(b) |
40,150 | 16,064,417 | ||||||
|
Franklin Resources, Inc. |
231,463 | 4,981,084 | ||||||
|
Goldman Sachs Group, Inc. |
623,925 | 182,841,221 | ||||||
|
Intercontinental Exchange, Inc. |
580,626 | 52,459,559 | ||||||
|
MarketAxess Holdings, Inc. |
32,427 | 7,214,683 | ||||||
|
Moody’s Corp. |
190,796 | 46,384,416 | ||||||
|
Morgan Stanley |
1,198,836 | 94,720,032 | ||||||
|
MSCI, Inc., Class A |
147,481 | 62,206,011 | ||||||
|
Nasdaq, Inc.(b) |
484,365 | 27,453,808 | ||||||
|
Raymond James Financial, Inc. |
209,452 | 20,698,047 | ||||||
| Security | Shares | Value | ||||||
| Capital Markets (continued) | ||||||||
|
S&P Global, Inc. |
379,855 | $ | 115,988,724 | |||||
|
T Rowe Price Group, Inc. |
287,575 | 30,198,251 | ||||||
|
|
|
|||||||
| 920,079,480 | ||||||||
| Chemicals — 0.9% | ||||||||
|
Albemarle Corp.(b) |
145,566 | 38,493,473 | ||||||
|
Celanese Corp. |
78,549 | 7,096,117 | ||||||
|
CF Industries Holdings, Inc. |
219,015 | 21,080,194 | ||||||
|
Linde PLC |
464,558 | 125,240,191 | ||||||
|
Sherwin-Williams Co. |
228,999 | 46,887,545 | ||||||
|
|
|
|||||||
| 238,797,520 | ||||||||
| Commercial Services & Supplies — 0.5% | ||||||||
|
Cintas Corp. |
72,310 | 28,070,019 | ||||||
|
Copart, Inc.(a) |
265,642 | 28,264,309 | ||||||
|
Republic Services, Inc. |
165,531 | 22,518,837 | ||||||
|
Rollins, Inc. |
189,626 | 6,576,230 | ||||||
|
Waste Management, Inc. |
351,436 | 56,303,561 | ||||||
|
|
|
|||||||
| 141,732,956 | ||||||||
| Communications Equipment — 0.9% | ||||||||
|
Arista Networks, Inc.(a) |
451,525 | 50,972,657 | ||||||
|
Cisco Systems, Inc. |
3,405,875 | 136,235,000 | ||||||
|
F5, Inc.(a)(b) |
56,467 | 8,172,469 | ||||||
|
Motorola Solutions, Inc. |
179,978 | 40,309,673 | ||||||
|
|
|
|||||||
| 235,689,799 | ||||||||
| Construction & Engineering — 0.1% | ||||||||
|
Quanta Services, Inc. |
141,683 | 18,048,997 | ||||||
|
|
|
|||||||
| Construction Materials — 0.2% | ||||||||
|
Martin Marietta Materials, Inc. |
66,209 | 21,325,257 | ||||||
|
Vulcan Materials Co. |
116,673 | 18,400,499 | ||||||
|
|
|
|||||||
| 39,725,756 | ||||||||
| Consumer Finance — 0.6% | ||||||||
|
American Express Co. |
481,539 | 64,964,426 | ||||||
|
Capital One Financial Corp. |
337,543 | 31,111,338 | ||||||
|
Discover Financial Services |
500,462 | 45,502,005 | ||||||
|
Synchrony Financial |
503,098 | 14,182,333 | ||||||
|
|
|
|||||||
| 155,760,102 | ||||||||
| Containers & Packaging — 0.1% | ||||||||
|
Avery Dennison Corp. |
75,490 | 12,282,223 | ||||||
|
Sealed Air Corp. |
143,205 | 6,374,055 | ||||||
|
|
|
|||||||
| 18,656,278 | ||||||||
| Distributors — 0.1% | ||||||||
|
LKQ Corp. |
204,029 | 9,619,967 | ||||||
|
Pool Corp. |
71,869 | 22,869,435 | ||||||
|
|
|
|||||||
| 32,489,402 | ||||||||
| Electric Utilities — 0.1% | ||||||||
|
NRG Energy, Inc. |
425,554 | 16,285,952 | ||||||
|
|
|
|||||||
| Electrical Equipment — 0.2% | ||||||||
|
Generac Holdings, Inc.(a)(b) |
116,525 | 20,757,764 | ||||||
|
Rockwell Automation, Inc. |
109,446 | 23,542,929 | ||||||
|
|
|
|||||||
| 44,300,693 | ||||||||
| Electronic Equipment, Instruments & Components — 0.5% | ||||||||
|
Amphenol Corp., Class A |
575,361 | 38,526,173 | ||||||
|
CDW Corp. |
146,730 | 22,901,618 | ||||||
|
Keysight Technologies, Inc.(a) |
247,236 | 38,905,057 | ||||||
|
Trimble, Inc.(a)(b) |
252,319 | 13,693,352 | ||||||
|
Zebra Technologies Corp., Class A(a) |
69,035 | 18,087,860 | ||||||
|
|
|
|||||||
| 132,114,060 | ||||||||
|
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) September 30, 2022 |
iShares® S&P 500 Growth ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Entertainment — 0.8% | ||||||||
|
Live Nation Entertainment, Inc.(a) |
111,932 | $ | 8,511,309 | |||||
|
Netflix, Inc.(a)(b) |
812,802 | 191,366,103 | ||||||
|
Take-Two Interactive Software, Inc.(a) |
177,988 | 19,400,692 | ||||||
|
|
|
|||||||
| 219,278,104 | ||||||||
| Equity Real Estate Investment Trusts (REITs) — 2.2% | ||||||||
|
American Tower Corp. |
433,806 | 93,138,148 | ||||||
|
AvalonBay Communities, Inc. |
107,303 | 19,764,140 | ||||||
|
Camden Property Trust |
194,466 | 23,228,964 | ||||||
|
Crown Castle, Inc.(b) |
355,759 | 51,424,963 | ||||||
|
Duke Realty Corp. |
462,683 | 22,301,321 | ||||||
|
Equinix, Inc.(b) |
76,456 | 43,491,231 | ||||||
|
Essex Property Trust, Inc. |
51,460 | 12,465,156 | ||||||
|
Extra Space Storage, Inc. |
244,772 | 42,274,572 | ||||||
|
Federal Realty Investment Trust |
54,315 | 4,894,868 | ||||||
|
Invitation Homes, Inc. |
488,643 | 16,501,474 | ||||||
|
Iron Mountain, Inc. |
323,205 | 14,211,324 | ||||||
|
Mid-America Apartment Communities, Inc. |
130,611 | 20,253,848 | ||||||
|
Prologis, Inc. |
809,984 | 82,294,374 | ||||||
|
Public Storage(b) |
170,791 | 50,009,313 | ||||||
|
SBA Communications Corp., Class A(b) |
110,239 | 31,379,531 | ||||||
|
Simon Property Group, Inc. |
361,151 | 32,413,302 | ||||||
|
UDR, Inc. |
307,766 | 12,836,920 | ||||||
|
Weyerhaeuser Co. |
565,667 | 16,155,449 | ||||||
|
|
|
|||||||
| 589,038,898 | ||||||||
| Food & Staples Retailing — 0.7% | ||||||||
|
Costco Wholesale Corp. |
412,894 | 194,997,449 | ||||||
|
|
|
|||||||
| Food Products — 0.1% | ||||||||
|
Hershey Co. |
121,290 | 26,740,806 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies — 2.1% | ||||||||
|
Abbott Laboratories |
1,696,422 | 164,145,793 | ||||||
|
ABIOMED, Inc.(a) |
44,954 | 11,043,400 | ||||||
|
Align Technology, Inc.(a) |
133,098 | 27,565,927 | ||||||
|
Dexcom, Inc.(a)(b) |
716,418 | 57,700,306 | ||||||
|
Edwards Lifesciences Corp.(a) |
715,239 | 59,100,198 | ||||||
|
Hologic, Inc.(a)(b) |
335,624 | 21,654,460 | ||||||
|
IDEXX Laboratories, Inc.(a) |
104,861 | 34,163,714 | ||||||
|
Intuitive Surgical, Inc.(a)(b) |
450,796 | 84,497,202 | ||||||
|
ResMed, Inc.(b) |
154,823 | 33,797,861 | ||||||
|
STERIS PLC |
77,089 | 12,818,359 | ||||||
|
Stryker Corp. |
251,904 | 51,020,636 | ||||||
|
|
|
|||||||
| 557,507,856 | ||||||||
| Health Care Providers & Services — 1.7% | ||||||||
|
HCA Healthcare, Inc. |
228,726 | 42,037,551 | ||||||
|
Laboratory Corp. of America Holdings |
87,465 | 17,913,707 | ||||||
|
Molina Healthcare, Inc.(a) |
52,139 | 17,197,528 | ||||||
|
Quest Diagnostics, Inc. |
97,839 | 12,003,867 | ||||||
|
UnitedHealth Group, Inc. |
718,034 | 362,635,891 | ||||||
|
|
|
|||||||
| 451,788,544 | ||||||||
| Hotels, Restaurants & Leisure — 1.3% | ||||||||
|
Caesars Entertainment, Inc.(a)(b) |
246,616 | 7,955,832 | ||||||
|
Chipotle Mexican Grill, Inc.(a)(b) |
34,065 | 51,191,519 | ||||||
|
Domino’s Pizza, Inc. |
44,096 | 13,678,579 | ||||||
|
Hilton Worldwide Holdings, Inc. |
204,525 | 24,669,806 | ||||||
|
McDonald’s Corp. |
605,128 | 139,627,235 | ||||||
|
Starbucks Corp.(b) |
1,069,566 | 90,121,631 | ||||||
|
Yum! Brands, Inc. |
244,135 | 25,961,316 | ||||||
|
|
|
|||||||
| 353,205,918 | ||||||||
| Household Durables — 0.2% | ||||||||
|
DR Horton, Inc. |
307,039 | 20,679,077 | ||||||
| Security | Shares | Value | ||||||
| Household Durables (continued) | ||||||||
|
Garmin Ltd. |
145,382 | $ | 11,675,629 | |||||
|
Newell Brands, Inc. |
369,252 | 5,128,910 | ||||||
|
NVR, Inc.(a) |
2,654 | 10,581,710 | ||||||
|
|
|
|||||||
| 48,065,326 | ||||||||
| Insurance — 0.8% | ||||||||
|
Aon PLC, Class A(b) |
231,610 | 62,041,371 | ||||||
|
Arthur J. Gallagher & Co.(b) |
169,631 | 29,044,220 | ||||||
|
Brown & Brown, Inc. |
296,141 | 17,910,607 | ||||||
|
Cincinnati Financial Corp. |
137,070 | 12,277,360 | ||||||
|
Marsh & McLennan Cos., Inc. |
555,824 | 82,978,965 | ||||||
|
|
|
|||||||
| 204,252,523 | ||||||||
| Interactive Media & Services — 9.6% | ||||||||
|
Alphabet, Inc., Class A(a) |
10,959,176 | 1,048,245,184 | ||||||
|
Alphabet, Inc., Class C, NVS(a)(b) |
9,800,032 | 942,273,077 | ||||||
|
Meta Platforms, Inc., Class A(a) |
4,168,492 | 565,580,994 | ||||||
|
Twitter, Inc.(a) |
591,252 | 25,920,488 | ||||||
|
|
|
|||||||
| 2,582,019,743 | ||||||||
| Internet & Direct Marketing Retail — 7.0% | ||||||||
|
Amazon.com, Inc.(a) |
16,199,634 | 1,830,558,642 | ||||||
|
eBay, Inc. |
774,961 | 28,526,315 | ||||||
|
Etsy, Inc.(a)(b) |
229,687 | 22,998,559 | ||||||
|
|
|
|||||||
| 1,882,083,516 | ||||||||
| IT Services — 3.5% | ||||||||
|
Accenture PLC, Class A |
670,573 | 172,538,433 | ||||||
|
Akamai Technologies, Inc.(a)(b) |
121,789 | 9,782,093 | ||||||
|
Automatic Data Processing, Inc. |
402,974 | 91,148,689 | ||||||
|
Broadridge Financial Solutions, Inc.(b) |
94,092 | 13,579,357 | ||||||
|
EPAM Systems, Inc.(a)(b) |
105,115 | 38,071,602 | ||||||
|
Gartner, Inc.(a) |
144,886 | 40,088,507 | ||||||
|
Mastercard, Inc., Class A |
732,957 | 208,408,993 | ||||||
|
Paychex, Inc. |
310,823 | 34,877,449 | ||||||
|
PayPal Holdings, Inc.(a) |
1,140,695 | 98,179,619 | ||||||
|
VeriSign, Inc.(a) |
80,024 | 13,900,169 | ||||||
|
Visa, Inc., Class A |
1,285,000 | 228,280,250 | ||||||
|
|
|
|||||||
| 948,855,161 | ||||||||
| Life Sciences Tools & Services — 3.2% | ||||||||
|
Agilent Technologies, Inc. |
328,368 | 39,913,130 | ||||||
|
Bio-Rad Laboratories, Inc., Class A(a) |
22,003 | 9,178,332 | ||||||
|
Bio-Techne Corp. |
71,181 | 20,215,404 | ||||||
|
Charles River Laboratories International, Inc.(a) |
94,146 | 18,527,933 | ||||||
|
Danaher Corp. |
813,701 | 210,170,831 | ||||||
|
Illumina, Inc.(a)(b) |
140,067 | 26,723,383 | ||||||
|
IQVIA Holdings, Inc.(a) |
249,430 | 45,181,750 | ||||||
|
Mettler-Toledo International, Inc.(a)(b) |
25,961 | 28,144,839 | ||||||
|
PerkinElmer, Inc.(b) |
231,246 | 27,825,831 | ||||||
|
Thermo Fisher Scientific, Inc. |
716,102 | 363,199,773 | ||||||
|
Waters Corp.(a) |
80,386 | 21,666,439 | ||||||
|
West Pharmaceutical Services, Inc. |
135,687 | 33,389,857 | ||||||
|
|
|
|||||||
| 844,137,502 | ||||||||
| Machinery — 0.7% | ||||||||
|
Deere & Co. |
233,627 | 78,005,719 | ||||||
|
Dover Corp. |
118,903 | 13,861,712 | ||||||
|
IDEX Corp. |
55,470 | 11,085,680 | ||||||
|
Illinois Tool Works, Inc. |
211,605 | 38,226,443 | ||||||
|
Nordson Corp. |
60,348 | 12,810,070 | ||||||
|
Otis Worldwide Corp. |
306,241 | 19,538,176 | ||||||
|
Pentair PLC |
169,607 | 6,891,132 | ||||||
|
Xylem, Inc. |
135,247 | 11,815,178 | ||||||
|
|
|
|||||||
| 192,234,110 | ||||||||
| 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) (continued) September 30, 2022 |
iShares® S&P 500 Growth ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Metals & Mining — 0.2% | ||||||||
|
Freeport-McMoRan, Inc. |
1,152,741 | $ | 31,504,412 | |||||
|
Nucor Corp. |
258,982 | 27,708,484 | ||||||
|
|
|
|||||||
| 59,212,896 | ||||||||
| Multiline Retail — 0.3% | ||||||||
|
Target Corp. |
467,251 | 69,335,376 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels — 1.2% | ||||||||
|
APA Corp. |
328,996 | 11,248,373 | ||||||
|
Devon Energy Corp. |
1,195,172 | 71,865,693 | ||||||
|
Diamondback Energy, Inc. |
325,656 | 39,228,522 | ||||||
|
EOG Resources, Inc. |
491,888 | 54,958,646 | ||||||
|
Hess Corp.(b) |
362,464 | 39,504,951 | ||||||
|
Occidental Petroleum Corp.(b) |
559,763 | 34,397,436 | ||||||
|
ONEOK, Inc. |
350,440 | 17,956,546 | ||||||
|
Pioneer Natural Resources Co. |
244,879 | 53,023,650 | ||||||
|
|
|
|||||||
| 322,183,817 | ||||||||
| Personal Products — 0.2% | ||||||||
|
Estee Lauder Cos., Inc., Class A |
249,400 | 53,845,460 | ||||||
|
|
|
|||||||
| Pharmaceuticals — 3.0% | ||||||||
|
Catalent, Inc.(a) |
199,305 | 14,421,710 | ||||||
|
Eli Lilly & Co. |
1,441,431 | 466,086,714 | ||||||
|
Pfizer, Inc. |
5,539,299 | 242,399,724 | ||||||
|
Zoetis, Inc. |
564,171 | 83,660,917 | ||||||
|
|
|
|||||||
| 806,569,065 | ||||||||
| Professional Services — 0.4% | ||||||||
|
CoStar Group, Inc.(a) |
362,705 | 25,262,403 | ||||||
|
Equifax, Inc. |
225,105 | 38,589,750 | ||||||
|
Jacobs Solutions, Inc. |
102,256 | 11,093,753 | ||||||
|
Robert Half International, Inc. |
135,413 | 10,359,095 | ||||||
|
Verisk Analytics, Inc. |
145,430 | 24,800,178 | ||||||
|
|
|
|||||||
| 110,105,179 | ||||||||
| Real Estate Management & Development — 0.1% | ||||||||
|
CBRE Group, Inc., Class A(a)(b) |
294,188 | 19,860,632 | ||||||
|
|
|
|||||||
| Road & Rail — 0.5% | ||||||||
|
JB Hunt Transport Services, Inc. |
88,530 | 13,847,863 | ||||||
|
Old Dominion Freight Line, Inc.(b) |
167,524 | 41,674,945 | ||||||
|
Union Pacific Corp. |
468,759 | 91,323,628 | ||||||
|
|
|
|||||||
| 146,846,436 | ||||||||
| Semiconductors & Semiconductor Equipment — 6.9% | ||||||||
|
Advanced Micro Devices, Inc.(a)(b) |
2,950,555 | 186,947,165 | ||||||
|
Applied Materials, Inc.(b) |
1,590,031 | 130,271,240 | ||||||
|
Broadcom, Inc. |
420,718 | 186,802,999 | ||||||
|
Enphase Energy, Inc.(a)(b) |
247,161 | 68,579,763 | ||||||
|
KLA Corp. |
258,894 | 78,349,091 | ||||||
|
Lam Research Corp. |
250,220 | 91,580,520 | ||||||
|
Microchip Technology, Inc. |
482,695 | 29,458,876 | ||||||
|
Monolithic Power Systems, Inc. |
81,423 | 29,589,118 | ||||||
|
NVIDIA Corp.(b) |
4,576,707 | 555,566,463 | ||||||
|
NXP Semiconductors N.V.(b) |
302,072 | 44,558,641 | ||||||
|
ON Semiconductor Corp.(a)(b) |
601,802 | 37,510,318 | ||||||
|
Qorvo, Inc.(a) |
92,646 | 7,357,019 | ||||||
|
QUALCOMM, Inc. |
2,052,546 | 231,896,647 | ||||||
|
Skyworks Solutions, Inc. |
139,505 | 11,895,591 | ||||||
|
SolarEdge Technologies, Inc.(a)(b) |
76,765 | 17,768,027 | ||||||
|
Teradyne, Inc. |
287,231 | 21,585,409 | ||||||
|
Texas Instruments, Inc. |
818,324 | 126,660,189 | ||||||
|
|
|
|||||||
| 1,856,377,076 | ||||||||
| Software — 16.4% | ||||||||
|
Adobe, Inc.(a) |
855,397 | 235,405,254 | ||||||
| Security | Shares | Value | ||||||
| Software (continued) | ||||||||
|
ANSYS, Inc.(a) |
99,216 | $ | 21,996,187 | |||||
|
Autodesk, Inc.(a) |
254,090 | 47,464,012 | ||||||
|
Cadence Design Systems, Inc.(a) |
500,015 | 81,717,451 | ||||||
|
Ceridian HCM Holding, Inc.(a)(b) |
114,986 | 6,425,418 | ||||||
|
Fortinet, Inc.(a)(b) |
1,193,268 | 58,625,257 | ||||||
|
Intuit, Inc. |
515,554 | 199,684,375 | ||||||
|
Microsoft Corp. |
13,631,126 | 3,174,689,245 | ||||||
|
Oracle Corp. |
2,776,353 | 169,551,878 | ||||||
|
Paycom Software, Inc.(a)(b) |
66,909 | 22,079,301 | ||||||
|
PTC, Inc.(a) |
96,331 | 10,076,223 | ||||||
|
Salesforce, Inc.(a)(b) |
1,109,343 | 159,567,897 | ||||||
|
ServiceNow, Inc.(a) |
369,200 | 139,413,612 | ||||||
|
Synopsys, Inc.(a) |
187,333 | 57,232,105 | ||||||
|
Tyler Technologies, Inc.(a) |
46,933 | 16,309,218 | ||||||
|
|
|
|||||||
| 4,400,237,433 | ||||||||
| Specialty Retail — 3.2% | ||||||||
|
Advance Auto Parts, Inc. |
54,077 | 8,454,398 | ||||||
|
AutoZone, Inc.(a) |
35,560 | 76,167,031 | ||||||
|
Bath & Body Works, Inc. |
271,882 | 8,863,353 | ||||||
|
CarMax, Inc.(a)(b) |
153,751 | 10,150,641 | ||||||
|
Home Depot, Inc. |
1,427,646 | 393,944,637 | ||||||
|
Lowe’s Cos., Inc. |
1,168,170 | 219,394,008 | ||||||
|
O’Reilly Automotive, Inc.(a)(b) |
116,373 | 81,850,950 | ||||||
|
Tractor Supply Co. |
202,697 | 37,677,318 | ||||||
|
Ulta Beauty, Inc.(a)(b) |
52,703 | 21,143,917 | ||||||
|
|
|
|||||||
| 857,646,253 | ||||||||
| Technology Hardware, Storage & Peripherals — 14.4% | ||||||||
|
Apple Inc. |
27,610,867 | 3,815,821,819 | ||||||
|
HP, Inc. |
833,616 | 20,773,711 | ||||||
|
NetApp, Inc. |
285,813 | 17,677,534 | ||||||
|
Seagate Technology Holdings PLC |
258,729 | 13,772,145 | ||||||
|
|
|
|||||||
| 3,868,045,209 | ||||||||
| Textiles, Apparel & Luxury Goods — 0.4% | ||||||||
|
Nike, Inc., Class B |
1,247,193 | 103,666,682 | ||||||
|
|
|
|||||||
| Trading Companies & Distributors — 0.2% | ||||||||
|
Fastenal Co.(b) |
505,628 | 23,279,113 | ||||||
|
United Rentals, Inc.(a) |
76,944 | 20,784,113 | ||||||
|
|
|
|||||||
| 44,063,226 | ||||||||
|
|
|
|||||||
|
Total
Long-Term Investments — 99.8% |
26,738,584,355 | |||||||
|
|
|
|||||||
|
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) September 30, 2022 |
iShares® S&P 500 Growth ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
|
|
||||||||
|
Short-Term Securities(c)(d) |
||||||||
| Money Market Funds — 1.3% | ||||||||
|
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.18%(e) |
306,572,400 | $ | 306,664,372 | |||||
|
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.81% |
31,865,108 | 31,865,108 | ||||||
|
|
|
|||||||
|
Total
Short-Term Securities — 1.3% |
338,529,480 | |||||||
|
|
|
|||||||
|
Total
Investments — 101.1% |
27,077,113,835 | |||||||
|
Liabilities in Excess of Other Assets — (1.1)% |
|
(295,371,994 | ) | |||||
|
|
|
|||||||
|
Net Assets — 100.0% |
$ | 26,781,741,841 | ||||||
|
|
|
|||||||
| (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 six months ended September 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | Value at 03/31/22 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 09/30/22 |
Shares Held at 09/30/22 |
Income |
Capital Gain |
|
||||||||||||||||||||||||||||||||
|
|
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 67,653,659 | $ | 238,892,038 | (a) | $ | — | $ | 35,495 | $ | 83,180 | $ | 306,664,372 | 306,572,400 | $ | 191,951 | (b) | $ | — | ||||||||||||||||||||||
|
BlackRock Cash Funds: Treasury, SL Agency Shares |
48,780,000 | — | (16,914,892 | )(a) | — | — | 31,865,108 | 31,865,108 | 271,671 | — | ||||||||||||||||||||||||||||||||
|
BlackRock, Inc. |
107,435,424 | 11,794,947 | (10,427,484 | ) | 2,309,898 | (32,327,547 | ) | 78,785,238 | 143,173 | 1,326,125 | — | |||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
| $ | 2,345,393 | $ | (32,244,367 | ) | $ | 417,314,718 | $ | 1,789,747 | $ | — | ||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
| (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 |
218 | 12/16/22 | $ | 39,256 | $ | (4,486,704 | ) | |||||||||
|
|
|
|||||||||||||||
| 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) September 30, 2022 |
iShares® S&P 500 Growth ETF |
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 | ||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
|
Liabilities — Derivative Financial Instruments |
||||||||||||||||||||||||||||
|
Futures contracts |
||||||||||||||||||||||||||||
|
Unrealized depreciation on futures contracts(a) |
$ | — | $ | — | $ | 4,486,704 | $ | — | $ | — | $ | — | $ | 4,486,704 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| (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 September 30, 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 |
$ | — | $ | — | $ | 86,149 | $ | — | $ | — | $ | — | $ | 86,149 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
|
Net Change in Unrealized Appreciation (Depreciation) on |
|
|||||||||||||||||||||||||||
|
Futures contracts |
$ | — | $ | — | $ | (7,370,510 | ) | $ | — | $ | — | $ | — | $ | (7,370,510 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Average Quarterly Balances of Outstanding Derivative Financial Instruments
|
|
||||
|
Futures contracts |
||||
|
Average notional value of contracts — long |
$ | 41,512,538 | ||
|
|
||||
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 | |||||||||||||
|
|
||||||||||||||||
|
Assets |
||||||||||||||||
|
Investments |
||||||||||||||||
|
Long-Term Investments |
||||||||||||||||
|
Common Stocks |
$ | 26,738,584,355 | $ | — | $ | — | $ | 26,738,584,355 | ||||||||
|
Short-Term Securities |
||||||||||||||||
|
Money Market Funds |
338,529,480 | — | — | 338,529,480 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 27,077,113,835 | $ | — | $ | — | $ | 27,077,113,835 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Derivative Financial Instruments(a) |
||||||||||||||||
|
Liabilities |
||||||||||||||||
|
Equity Contracts |
$ | (4,486,704 | ) | $ |
— |
|
$ | — | $ | (4,486,704 | ) | |||||
|
|
|
|
|
|
|
|
|
|||||||||
| (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 S O F I N V E S T M E N T S |
17 |
|
Schedule of Investments (unaudited) September 30, 2022 |
iShares® S&P 500 Value ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
|
Common Stocks |
| |||||||
| Aerospace & Defense — 3.0% | ||||||||
|
Boeing Co.(a)(b) |
765,449 | $ | 92,680,565 | |||||
|
General Dynamics Corp. |
308,053 | 65,359,605 | ||||||
|
Howmet Aerospace, Inc. |
511,346 | 15,815,932 | ||||||
|
Huntington Ingalls Industries, Inc. |
54,505 | 12,072,857 | ||||||
|
L3Harris Technologies, Inc. |
152,219 | 31,635,675 | ||||||
|
Lockheed Martin Corp. |
323,759 | 125,064,864 | ||||||
|
Northrop Grumman Corp.(b) |
199,857 | 93,996,744 | ||||||
|
Raytheon Technologies Corp. |
2,026,496 | 165,888,962 | ||||||
|
Textron, Inc.(b) |
290,722 | 16,937,464 | ||||||
|
TransDigm Group, Inc. |
39,741 | 20,856,872 | ||||||
|
|
|
|||||||
| 640,309,540 | ||||||||
| Air Freight & Logistics — 0.7% | ||||||||
|
CH Robinson Worldwide, Inc. |
169,137 | 16,289,585 | ||||||
|
FedEx Corp. |
327,069 | 48,559,934 | ||||||
|
United Parcel Service, Inc., Class B |
573,287 | 92,608,782 | ||||||
|
|
|
|||||||
| 157,458,301 | ||||||||
| Airlines — 0.4% | ||||||||
|
Alaska Air Group, Inc.(a) |
174,034 | 6,813,431 | ||||||
|
American Airlines Group, Inc.(a)(b) |
893,064 | 10,752,491 | ||||||
|
Delta Air Lines, Inc.(a) |
879,842 | 24,688,366 | ||||||
|
Southwest Airlines Co.(a) |
813,908 | 25,100,923 | ||||||
|
United Airlines Holdings, Inc.(a) |
449,035 | 14,607,108 | ||||||
|
|
|
|||||||
| 81,962,319 | ||||||||
| Auto Components — 0.1% | ||||||||
|
Aptiv PLC(a)(b) |
219,677 | 17,180,938 | ||||||
|
BorgWarner, Inc. |
325,902 | 10,233,323 | ||||||
|
|
|
|||||||
| 27,414,261 | ||||||||
| Automobiles — 0.6% | ||||||||
|
Ford Motor Co. |
5,409,519 | 60,586,613 | ||||||
|
General Motors Co. |
2,003,751 | 64,300,369 | ||||||
|
|
|
|||||||
| 124,886,982 | ||||||||
| Banks — 5.2% | ||||||||
|
Bank of America Corp. |
5,372,888 | 162,261,218 | ||||||
|
Citigroup, Inc. |
2,656,508 | 110,696,688 | ||||||
|
Citizens Financial Group, Inc. |
679,183 | 23,336,728 | ||||||
|
Comerica, Inc. |
97,736 | 6,949,030 | ||||||
|
Fifth Third Bancorp |
943,010 | 30,138,600 | ||||||
|
Huntington Bancshares, Inc. |
1,981,084 | 26,110,687 | ||||||
|
JPMorgan Chase & Co. |
2,174,072 | 227,190,524 | ||||||
|
KeyCorp. |
1,276,516 | 20,449,786 | ||||||
|
M&T Bank Corp. |
241,342 | 42,553,421 | ||||||
|
PNC Financial Services Group, Inc. |
562,174 | 84,000,039 | ||||||
|
Regions Financial Corp. |
703,534 | 14,119,927 | ||||||
|
Truist Financial Corp. |
1,822,822 | 79,365,670 | ||||||
|
US Bancorp |
1,858,098 | 74,918,511 | ||||||
|
Wells Fargo & Co. |
5,207,298 | 209,437,526 | ||||||
|
Zions Bancorp NA |
106,884 | 5,436,120 | ||||||
|
|
|
|||||||
| 1,116,964,475 | ||||||||
| Beverages — 2.9% | ||||||||
|
Brown-Forman Corp., Class B |
251,273 | 16,727,244 | ||||||
|
Coca-Cola Co. |
5,343,463 | 299,340,797 | ||||||
|
Constellation Brands, Inc., Class A |
218,962 | 50,291,192 | ||||||
|
Keurig Dr Pepper, Inc. |
887,099 | 31,775,886 | ||||||
|
Molson Coors Beverage Co., Class B |
260,169 | 12,485,510 | ||||||
|
Monster Beverage Corp.(a)(b) |
252,896 | 21,991,836 | ||||||
|
PepsiCo, Inc. |
1,098,733 | 179,379,150 | ||||||
|
|
|
|||||||
| 611,991,615 | ||||||||
| Security | Shares | Value | ||||||
| Biotechnology — 2.1% | ||||||||
|
AbbVie, Inc. |
1,116,208 | $ | 149,806,276 | |||||
|
Amgen, Inc. |
433,733 | 97,763,418 | ||||||
|
Biogen, Inc.(a) |
199,144 | 53,171,448 | ||||||
|
Gilead Sciences, Inc. |
1,719,035 | 106,047,269 | ||||||
|
Incyte Corp.(a) |
145,139 | 9,672,063 | ||||||
|
Vertex Pharmaceuticals, Inc.(a) |
140,977 | 40,818,481 | ||||||
|
|
|
|||||||
| 457,278,955 | ||||||||
| Building Products — 0.6% | ||||||||
|
A O Smith Corp. |
85,942 | 4,175,062 | ||||||
|
Allegion PLC |
122,511 | 10,986,787 | ||||||
|
Carrier Global Corp. |
1,153,732 | 41,026,710 | ||||||
|
Fortune Brands Home & Security, Inc. |
94,541 | 5,075,906 | ||||||
|
Johnson Controls International PLC |
370,383 | 18,230,251 | ||||||
|
Masco Corp. |
161,742 | 7,551,734 | ||||||
|
Trane Technologies PLC |
318,442 | 46,113,586 | ||||||
|
|
|
|||||||
| 133,160,036 | ||||||||
| Capital Markets — 2.5% | ||||||||
|
Ameriprise Financial, Inc. |
58,334 | 14,697,251 | ||||||
|
Bank of New York Mellon Corp. |
1,010,601 | 38,928,350 | ||||||
|
BlackRock, Inc.(c) |
99,455 | 54,728,097 | ||||||
|
Cboe Global Markets, Inc. |
60,791 | 7,135,040 | ||||||
|
Charles Schwab Corp.(b) |
671,499 | 48,260,633 | ||||||
|
CME Group, Inc. |
492,736 | 87,278,328 | ||||||
|
FactSet Research Systems, Inc. |
21,876 | 8,752,806 | ||||||
|
Franklin Resources, Inc. |
209,605 | 4,510,699 | ||||||
|
Intercontinental Exchange, Inc. |
329,763 | 29,794,087 | ||||||
|
Invesco Ltd. |
629,177 | 8,619,725 | ||||||
|
MarketAxess Holdings, Inc. |
26,561 | 5,909,557 | ||||||
|
Moody’s Corp. |
73,342 | 17,830,174 | ||||||
|
Morgan Stanley |
938,563 | 74,155,863 | ||||||
|
Nasdaq, Inc. |
101,004 | 5,724,907 | ||||||
|
Northern Trust Corp. |
285,727 | 24,446,802 | ||||||
|
Raymond James Financial, Inc. |
109,172 | 10,788,377 | ||||||
|
S&P Global, Inc. |
182,603 | 55,757,826 | ||||||
|
State Street Corp. |
505,207 | 30,721,638 | ||||||
|
T Rowe Price Group, Inc. |
93,476 | 9,815,915 | ||||||
|
|
|
|||||||
| 537,856,075 | ||||||||
| Chemicals — 2.6% | ||||||||
|
Air Products and Chemicals, Inc. |
304,812 | 70,938,897 | ||||||
|
Albemarle Corp. |
51,356 | 13,580,581 | ||||||
|
Celanese Corp. |
78,584 | 7,099,278 | ||||||
|
CF Industries Holdings, Inc. |
110,241 | 10,610,696 | ||||||
|
Corteva, Inc. |
987,549 | 56,438,425 | ||||||
|
Dow, Inc. |
986,956 | 43,356,977 | ||||||
|
DuPont de Nemours, Inc. |
688,374 | 34,694,050 | ||||||
|
Eastman Chemical Co. |
169,859 | 12,068,482 | ||||||
|
Ecolab, Inc. |
340,738 | 49,209,382 | ||||||
|
FMC Corp. |
172,180 | 18,199,426 | ||||||
|
International Flavors & Fragrances, Inc. |
350,365 | 31,823,653 | ||||||
|
Linde PLC |
335,596 | 90,473,326 | ||||||
|
LyondellBasell Industries NV, Class A |
348,322 | 26,221,680 | ||||||
|
Mosaic Co. |
473,291 | 22,874,154 | ||||||
|
PPG Industries, Inc. |
321,630 | 35,601,225 | ||||||
|
Sherwin-Williams Co. |
152,250 | 31,173,187 | ||||||
|
|
|
|||||||
| 554,363,419 | ||||||||
| Commercial Services & Supplies — 0.5% | ||||||||
|
Cintas Corp. |
63,667 | 24,714,893 | ||||||
|
Copart, Inc.(a) |
94,636 | 10,069,270 | ||||||
|
Republic Services, Inc. |
158,595 | 21,575,264 | ||||||
| 18 |
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) September 30, 2022 |
iShares® S&P 500 Value ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Commercial Services & Supplies (continued) | ||||||||
|
Rollins, Inc. |
178,700 | $ | 6,197,316 | |||||
|
Waste Management, Inc.(b) |
253,286 | 40,578,950 | ||||||
|
|
|
|||||||
| 103,135,693 | ||||||||
| Communications Equipment — 0.8% | ||||||||
|
Cisco Systems, Inc. |
3,129,939 | 125,197,560 | ||||||
|
F5, Inc.(a) |
38,307 | 5,544,172 | ||||||
|
Juniper Networks, Inc. |
440,534 | 11,506,748 | ||||||
|
Motorola Solutions, Inc.(b) |
94,016 | 21,056,764 | ||||||
|
|
|
|||||||
| 163,305,244 | ||||||||
| Construction & Engineering — 0.1% | ||||||||
|
Quanta Services, Inc.(b) |
91,009 | 11,593,637 | ||||||
|
|
|
|||||||
| Construction Materials — 0.1% | ||||||||
|
Martin Marietta Materials, Inc. |
35,569 | 11,456,419 | ||||||
|
Vulcan Materials Co. |
94,975 | 14,978,507 | ||||||
|
|
|
|||||||
| 26,434,926 | ||||||||
| Consumer Finance — 0.4% | ||||||||
|
American Express Co. |
461,599 | 62,274,321 | ||||||
|
Capital One Financial Corp. |
273,711 | 25,227,943 | ||||||
|
Synchrony Financial |
286,521 | 8,077,027 | ||||||
|
|
|
|||||||
| 95,579,291 | ||||||||
| Containers & Packaging — 0.5% | ||||||||
|
Amcor PLC |
2,065,207 | 22,159,671 | ||||||
|
Avery Dennison Corp. |
54,945 | 8,939,552 | ||||||
|
Ball Corp. |
429,179 | 20,737,929 | ||||||
|
International Paper Co. |
500,707 | 15,872,412 | ||||||
|
Packaging Corp. of America |
128,098 | 14,384,124 | ||||||
|
Sealed Air Corp. |
90,402 | 4,023,793 | ||||||
|
Westrock Co. |
348,174 | 10,755,095 | ||||||
|
|
|
|||||||
| 96,872,576 | ||||||||
| Distributors — 0.2% | ||||||||
|
Genuine Parts Co. |
194,365 | 29,022,582 | ||||||
|
LKQ Corp. |
203,059 | 9,574,232 | ||||||
|
|
|
|||||||
| 38,596,814 | ||||||||
| Diversified Financial Services — 3.1% | ||||||||
|
Berkshire Hathaway, Inc., Class B(a) |
2,477,809 | 661,624,559 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services — 1.8% | ||||||||
|
AT&T Inc. |
9,779,192 | 150,012,805 | ||||||
|
Lumen Technologies, Inc. |
1,317,424 | 9,590,847 | ||||||
|
Verizon Communications, Inc. |
5,765,689 | 218,923,211 | ||||||
|
|
|
|||||||
| 378,526,863 | ||||||||
| Electric Utilities — 3.9% | ||||||||
|
Alliant Energy Corp. |
344,840 | 18,273,072 | ||||||
|
American Electric Power Co., Inc. |
706,010 | 61,034,564 | ||||||
|
Constellation Energy Corp. |
449,173 | 37,366,702 | ||||||
|
Duke Energy Corp. |
1,058,146 | 98,428,741 | ||||||
|
Edison International |
524,191 | 29,658,727 | ||||||
|
Entergy Corp. |
279,551 | 28,131,217 | ||||||
|
Evergy, Inc. |
313,683 | 18,632,770 | ||||||
|
Eversource Energy |
476,105 | 37,117,146 | ||||||
|
Exelon Corp. |
1,362,940 | 51,055,732 | ||||||
|
FirstEnergy Corp. |
743,229 | 27,499,473 | ||||||
|
NextEra Energy, Inc. |
2,697,399 | 211,503,055 | ||||||
|
PG&E Corp.(a) |
2,481,514 | 31,018,925 | ||||||
|
Pinnacle West Capital Corp. |
153,311 | 9,890,093 | ||||||
|
PPL Corp. |
1,011,717 | 25,647,026 | ||||||
|
Southern Co. |
1,457,826 | 99,132,168 | ||||||
|
Xcel Energy, Inc. |
751,712 | 48,109,568 | ||||||
|
|
|
|||||||
| 832,498,979 | ||||||||
| Security | Shares | Value | ||||||
| Electrical Equipment — 0.9% | ||||||||
|
AMETEK, Inc.(b) |
315,494 | $ | 35,780,174 | |||||
|
Eaton Corp. PLC |
547,372 | 72,997,530 | ||||||
|
Emerson Electric Co. |
812,606 | 59,499,011 | ||||||
|
Rockwell Automation, Inc. |
76,579 | 16,472,909 | ||||||
|
|
|
|||||||
| 184,749,624 | ||||||||
| Electronic Equipment, Instruments & Components — 0.8% | ||||||||
|
Amphenol Corp., Class A |
384,204 | 25,726,300 | ||||||
|
CDW Corp. |
75,626 | 11,803,706 | ||||||
|
Corning, Inc. |
1,045,526 | 30,341,164 | ||||||
|
Keysight Technologies, Inc.(a) |
61,028 | 9,603,366 | ||||||
|
TE Connectivity Ltd. |
439,100 | 48,459,076 | ||||||
|
Teledyne Technologies, Inc.(a) |
64,404 | 21,734,418 | ||||||
|
Trimble, Inc.(a)(b) |
149,926 | 8,136,484 | ||||||
|
Zebra Technologies Corp., Class A(a) |
18,883 | 4,947,535 | ||||||
|
|
|
|||||||
| 160,752,049 | ||||||||
| Energy Equipment & Services — 0.6% | ||||||||
|
Baker Hughes Co. |
1,389,654 | 29,127,148 | ||||||
|
Halliburton Co. |
1,246,112 | 30,679,277 | ||||||
|
Schlumberger NV |
1,937,563 | 69,558,512 | ||||||
|
|
|
|||||||
| 129,364,937 | ||||||||
| Entertainment — 1.9% | ||||||||
|
Activision Blizzard, Inc. |
978,342 | 72,729,944 | ||||||
|
Electronic Arts, Inc. |
363,003 | 42,003,077 | ||||||
|
Live Nation Entertainment, Inc.(a)(b) |
112,011 | 8,517,316 | ||||||
|
Take-Two Interactive Software, Inc.(a) |
81,925 | 8,929,825 | ||||||
|
Walt Disney Co.(a) |
2,502,833 | 236,092,237 | ||||||
|
Warner Bros Discovery, Inc.(a) |
3,035,911 | 34,912,977 | ||||||
|
|
|
|||||||
| 403,185,376 | ||||||||
| Equity Real Estate Investment Trusts (REITs) — 3.2% | ||||||||
|
Alexandria Real Estate Equities, Inc. |
204,055 | 28,606,471 | ||||||
|
American Tower Corp. |
313,522 | 67,313,173 | ||||||
|
AvalonBay Communities, Inc. |
110,985 | 20,442,327 | ||||||
|
Boston Properties, Inc. |
195,319 | 14,643,065 | ||||||
|
Crown Castle, Inc. |
327,313 | 47,313,094 | ||||||
|
Digital Realty Trust, Inc. |
394,976 | 39,173,720 | ||||||
|
Duke Realty Corp. |
184,370 | 8,886,634 | ||||||
|
Equinix, Inc. |
67,587 | 38,446,189 | ||||||
|
Equity Residential |
464,920 | 31,251,922 | ||||||
|
Essex Property Trust, Inc. |
50,119 | 12,140,325 | ||||||
|
Federal Realty Investment Trust |
58,001 | 5,227,050 | ||||||
|
Healthpeak Properties, Inc. |
739,028 | 16,938,522 | ||||||
|
Host Hotels & Resorts, Inc. |
981,162 | 15,580,853 | ||||||
|
Invitation Homes, Inc.(b) |
433,073 | 14,624,875 | ||||||
|
Iron Mountain, Inc. |
153,632 | 6,755,199 | ||||||
|
Kimco Realty Corp. |
847,583 | 15,604,003 | ||||||
|
Mid-America Apartment Communities, Inc. |
60,567 | 9,392,125 | ||||||
|
Prologis, Inc. |
406,722 | 41,322,955 | ||||||
|
Public Storage |
88,600 | 25,942,966 | ||||||
|
Realty Income Corp. |
848,716 | 49,395,271 | ||||||
|
Regency Centers Corp. |
212,873 | 11,463,211 | ||||||
|
SBA Communications Corp., Class A |
64,963 | 18,491,718 | ||||||
|
Simon Property Group, Inc. |
179,948 | 16,150,333 | ||||||
|
UDR, Inc. |
187,802 | 7,833,221 | ||||||
|
Ventas, Inc. |
548,651 | 22,039,311 | ||||||
|
VICI Properties, Inc. |
1,323,548 | 39,507,908 | ||||||
|
Vornado Realty Trust |
214,647 | 4,971,225 | ||||||
|
Welltower, Inc. |
636,796 | 40,958,719 | ||||||
|
Weyerhaeuser Co. |
588,468 | 16,806,646 | ||||||
|
|
|
|||||||
| 687,223,031 | ||||||||
|
S C H E D U L E S O F I N V E S T M E N T S |
19 |
|
Schedule of Investments (unaudited) (continued) September 30, 2022 |
iShares® S&P 500 Value ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Food & Staples Retailing — 2.4% | ||||||||
|
Costco Wholesale Corp.(b) |
297,838 | $ | 140,659,953 | |||||
|
Kroger Co. |
893,260 | 39,080,125 | ||||||
|
Sysco Corp. |
700,158 | 49,508,172 | ||||||
|
Walgreens Boots Alliance, Inc. |
985,810 | 30,954,434 | ||||||
|
Walmart, Inc. |
1,956,896 | 253,809,411 | ||||||
|
|
|
|||||||
| 514,012,095 | ||||||||
| Food Products — 2.1% | ||||||||
|
Archer-Daniels-Midland Co. |
770,363 | 61,975,703 | ||||||
|
Campbell Soup Co. |
275,079 | 12,961,722 | ||||||
|
Conagra Brands, Inc. |
658,119 | 21,474,423 | ||||||
|
General Mills, Inc. |
818,665 | 62,717,926 | ||||||
|
Hershey Co. |
110,732 | 24,413,084 | ||||||
|
Hormel Foods Corp. |
395,615 | 17,976,746 | ||||||
|
J M Smucker Co. |
146,985 | 20,197,209 | ||||||
|
Kellogg Co. |
350,421 | 24,410,327 | ||||||
|
Kraft Heinz Co. |
1,094,656 | 36,506,778 | ||||||
|
Lamb Weston Holdings, Inc. |
197,512 | 15,283,478 | ||||||
|
McCormick & Co., Inc., NVS(b) |
343,521 | 24,482,742 | ||||||
|
Mondelez International, Inc., Class A |
1,879,730 | 103,065,596 | ||||||
|
Tyson Foods, Inc., Class A |
398,012 | 26,240,931 | ||||||
|
|
|
|||||||
| 451,706,665 | ||||||||
| Gas Utilities — 0.1% | ||||||||
|
Atmos Energy Corp. |
191,635 | 19,518,025 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies — 3.2% | ||||||||
|
Abbott Laboratories |
1,128,902 | 109,232,557 | ||||||
|
ABIOMED, Inc.(a) |
27,784 | 6,825,417 | ||||||
|
Baxter International, Inc. |
692,096 | 37,276,291 | ||||||
|
Becton Dickinson and Co. |
390,983 | 87,122,742 | ||||||
|
Boston Scientific Corp.(a) |
1,967,422 | 76,198,254 | ||||||
|
Cooper Cos., Inc. |
68,235 | 18,007,216 | ||||||
|
DENTSPLY SIRONA, Inc. |
294,571 | 8,351,088 | ||||||
|
Edwards Lifesciences Corp.(a) |
315,032 | 26,031,094 | ||||||
|
Hologic, Inc.(a) |
89,569 | 5,778,992 | ||||||
|
IDEXX Laboratories, Inc.(a) |
35,047 | 11,418,313 | ||||||
|
Intuitive Surgical, Inc.(a) |
152,361 | 28,558,546 | ||||||
|
Medtronic PLC |
1,823,349 | 147,235,432 | ||||||
|
ResMed, Inc. |
84,220 | 18,385,226 | ||||||
|
STERIS PLC(b) |
80,233 | 13,341,143 | ||||||
|
Stryker Corp. |
273,007 | 55,294,838 | ||||||
|
Teleflex, Inc. |
64,352 | 12,964,354 | ||||||
|
Zimmer Biomet Holdings, Inc. |
288,141 | 30,125,142 | ||||||
|
|
|
|||||||
| 692,146,645 | ||||||||
| Health Care Providers & Services — 5.5% | ||||||||
|
AmerisourceBergen Corp. |
213,399 | 28,879,287 | ||||||
|
Cardinal Health, Inc. |
374,389 | 24,964,258 | ||||||
|
Centene Corp.(a) |
785,505 | 61,120,144 | ||||||
|
Cigna Corp. |
418,536 | 116,131,184 | ||||||
|
CVS Health Corp. |
1,801,946 | 171,851,590 | ||||||
|
DaVita, Inc.(a)(b) |
77,030 | 6,375,773 | ||||||
|
Elevance Health, Inc. |
329,342 | 149,600,310 | ||||||
|
HCA Healthcare, Inc. |
123,898 | 22,771,213 | ||||||
|
Henry Schein, Inc.(a) |
187,971 | 12,362,853 | ||||||
|
Humana, Inc. |
173,919 | 84,383,760 | ||||||
|
Laboratory Corp. of America Holdings |
58,764 | 12,035,455 | ||||||
|
McKesson Corp. |
197,523 | 67,132,142 | ||||||
|
Molina Healthcare, Inc.(a) |
40,356 | 13,311,023 | ||||||
|
Quest Diagnostics, Inc. |
86,410 | 10,601,643 | ||||||
|
UnitedHealth Group, Inc. |
744,815 | 376,161,367 | ||||||
|
Universal Health Services, Inc., Class B(b) |
89,459 | 7,888,495 | ||||||
|
|
|
|||||||
| 1,165,570,497 | ||||||||
| Security | Shares | Value | ||||||
| Hotels, Restaurants & Leisure — 2.4% | ||||||||
|
Booking Holdings, Inc.(a) |
54,439 | $ | 89,454,709 | |||||
|
Caesars Entertainment, Inc.(a)(b) |
101,941 | 3,288,617 | ||||||
|
Carnival Corp.(a)(b) |
1,365,238 | 9,597,623 | ||||||
|
Chipotle Mexican Grill, Inc.(a)(b) |
12,592 | 18,922,754 | ||||||
|
Darden Restaurants, Inc. |
168,954 | 21,342,269 | ||||||
|
Domino’s Pizza, Inc. |
16,274 | 5,048,195 | ||||||
|
Expedia Group, Inc.(a) |
207,859 | 19,474,310 | ||||||
|
Hilton Worldwide Holdings, Inc. |
221,962 | 26,773,056 | ||||||
|
Las Vegas Sands Corp.(a)(b) |
448,948 | 16,844,529 | ||||||
|
Marriott International, Inc., Class A(b) |
379,117 | 53,129,456 | ||||||
|
McDonald’s Corp. |
555,163 | 128,098,311 | ||||||
|
MGM Resorts International |
451,272 | 13,411,804 | ||||||
|
Norwegian Cruise Line Holdings Ltd.(a)(b) |
571,493 | 6,492,160 | ||||||
|
Royal Caribbean Cruises Ltd.(a) |
303,387 | 11,498,367 | ||||||
|
Starbucks Corp. |
770,134 | 64,891,491 | ||||||
|
Wynn Resorts Ltd.(a)(b) |
142,135 | 8,958,769 | ||||||
|
Yum! Brands, Inc. |
206,426 | 21,951,341 | ||||||
|
|
|
|||||||
| 519,177,761 | ||||||||
| Household Durables — 0.4% | ||||||||
|
DR Horton, Inc.(b) |
204,997 | 13,806,548 | ||||||
|
Garmin Ltd. |
102,989 | 8,271,047 | ||||||
|
Lennar Corp., Class A |
351,431 | 26,199,181 | ||||||
|
Mohawk Industries, Inc.(a) |
72,935 | 6,650,943 | ||||||
|
Newell Brands, Inc. |
241,005 | 3,347,559 | ||||||
|
NVR, Inc.(a) |
2,230 | 8,891,188 | ||||||
|
PulteGroup, Inc. |
319,229 | 11,971,088 | ||||||
|
Whirlpool Corp. |
75,324 | 10,154,428 | ||||||
|
|
|
|||||||
| 89,291,982 | ||||||||
| Household Products — 2.8% | ||||||||
|
Church & Dwight Co., Inc. |
333,821 | 23,848,172 | ||||||
|
Clorox Co. |
169,259 | 21,731,163 | ||||||
|
Colgate-Palmolive Co. |
1,143,297 | 80,316,614 | ||||||
|
Kimberly-Clark Corp. |
463,984 | 52,216,760 | ||||||
|
Procter & Gamble Co. |
3,280,563 | 414,171,079 | ||||||
|
|
|
|||||||
| 592,283,788 | ||||||||
| Independent Power and Renewable Electricity Producers — 0.1% | ||||||||
|
AES Corp. |
915,783 | 20,696,696 | ||||||
|
|
|
|||||||
| Industrial Conglomerates — 1.6% | ||||||||
|
3M Co. |
758,896 | 83,858,008 | ||||||
|
General Electric Co. |
1,506,960 | 93,295,893 | ||||||
|
Honeywell International, Inc. |
924,573 | 154,375,954 | ||||||
|
|
|
|||||||
| 331,529,855 | ||||||||
| Insurance — 3.6% | ||||||||
|
Aflac, Inc. |
790,266 | 44,412,949 | ||||||
|
Allstate Corp. |
371,460 | 46,257,914 | ||||||
|
American International Group, Inc. |
1,045,018 | 49,617,455 | ||||||
|
Aon PLC, Class A |
115,522 | 30,944,878 | ||||||
|
Arthur J. Gallagher & Co.(b) |
161,873 | 27,715,895 | ||||||
|
Assurant, Inc. |
73,221 | 10,636,815 | ||||||
|
Brown & Brown, Inc. |
99,101 | 5,993,628 | ||||||
|
Chubb Ltd.(b) |
572,736 | 104,169,224 | ||||||
|
Cincinnati Financial Corp. |
116,701 | 10,452,909 | ||||||
|
Everest Re Group Ltd. |
54,159 | 14,213,488 | ||||||
|
Globe Life, Inc. |
123,755 | 12,338,373 | ||||||
|
Hartford Financial Services Group, Inc. |
443,361 | 27,461,780 | ||||||
|
Lincoln National Corp. |
214,254 | 9,407,893 | ||||||
|
Loews Corp. |
276,603 | 13,785,894 | ||||||
|
Marsh & McLennan Cos., Inc. |
266,900 | 39,845,501 | ||||||
|
MetLife, Inc. |
920,754 | 55,963,428 | ||||||
|
Principal Financial Group, Inc. |
318,633 | 22,989,371 | ||||||
| 20 |
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) September 30, 2022 |
iShares® S&P 500 Value ETF (Percentages shown&nbs |