What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares Dow Jones U.S. ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned 11.52%.
For the same period, the S&P Total Market Index returned 11.25% and the Dow Jones U.S. IndexTM returned 11.74%.
What contributed to performance?
Stock selection across the information technology sector was the largest driver of the Fund’s return during the reporting period. Within the technology hardware and equipment segment, an innovative multinational technology company gained due to its consistently strong brand recognition and a robust ecosystem of its products and services. Software and services stocks benefited from strong trends in application software and systems software names as companies prioritized secure, scalable infrastructure and automation to support data-driven decision-making. Companies within the financials sector were another large contributor, as capital markets firms were supported by robust earnings, growing trading volumes, and the prospects of a loosening regulatory regime under the new presidential administration. Capital markets firms, including asset management and custody banks, investment banking and brokerage, and financial exchanges and data, contributed. Banks exhibited robust earnings, witnessing increases in advisory fees and deal-making revenues. In the communication sector, an interactive media and entertainment stocks benefited from initiatives in artificial intelligence and improved user engagement.
What detracted from performance?
There were no significant detractors from the Fund’s return during the reporting period.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $10,130 | $ | $ |
Jun 15 | $9,940 | $ | $ |
Jul 15 | $10,118 | $ | $ |
Aug 15 | $9,514 | $ | $ |
Sep 15 | $9,245 | $ | $ |
Oct 15 | $9,983 | $ | $ |
Nov 15 | $10,020 | $ | $ |
Dec 15 | $9,830 | $ | $ |
Jan 16 | $9,292 | $ | $ |
Feb 16 | $9,287 | $ | $ |
Mar 16 | $9,933 | $ | $ |
Apr 16 | $9,986 | $ | $ |
May 16 | $10,163 | $ | $ |
Jun 16 | $10,180 | $ | $ |
Jul 16 | $10,572 | $ | $ |
Aug 16 | $10,591 | $ | $ |
Sep 16 | $10,599 | $ | $ |
Oct 16 | $10,385 | $ | $ |
Nov 16 | $10,810 | $ | $ |
Dec 16 | $11,013 | $ | $ |
Jan 17 | $11,236 | $ | $ |
Feb 17 | $11,663 | $ | $ |
Mar 17 | $11,668 | $ | $ |
Apr 17 | $11,787 | $ | $ |
May 17 | $11,926 | $ | $ |
Jun 17 | $12,015 | $ | $ |
Jul 17 | $12,245 | $ | $ |
Aug 17 | $12,275 | $ | $ |
Sep 17 | $12,544 | $ | $ |
Oct 17 | $12,824 | $ | $ |
Nov 17 | $13,213 | $ | $ |
Dec 17 | $13,352 | $ | $ |
Jan 18 | $14,079 | $ | $ |
Feb 18 | $13,554 | $ | $ |
Mar 18 | $13,259 | $ | $ |
Apr 18 | $13,297 | $ | $ |
May 18 | $13,642 | $ | $ |
Jun 18 | $13,729 | $ | $ |
Jul 18 | $14,205 | $ | $ |
Aug 18 | $14,679 | $ | $ |
Sep 18 | $14,729 | $ | $ |
Oct 18 | $13,671 | $ | $ |
Nov 18 | $13,951 | $ | $ |
Dec 18 | $12,669 | $ | $ |
Jan 19 | $13,739 | $ | $ |
Feb 19 | $14,204 | $ | $ |
Mar 19 | $14,434 | $ | $ |
Apr 19 | $15,012 | $ | $ |
May 19 | $14,049 | $ | $ |
Jun 19 | $15,027 | $ | $ |
Jul 19 | $15,250 | $ | $ |
Aug 19 | $14,959 | $ | $ |
Sep 19 | $15,226 | $ | $ |
Oct 19 | $15,544 | $ | $ |
Nov 19 | $16,124 | $ | $ |
Dec 19 | $16,580 | $ | $ |
Jan 20 | $16,582 | $ | $ |
Feb 20 | $15,219 | $ | $ |
Mar 20 | $13,182 | $ | $ |
Apr 20 | $14,917 | $ | $ |
May 20 | $15,699 | $ | $ |
Jun 20 | $16,045 | $ | $ |
Jul 20 | $16,962 | $ | $ |
Aug 20 | $18,195 | $ | $ |
Sep 20 | $17,523 | $ | $ |
Oct 20 | $17,110 | $ | $ |
Nov 20 | $19,123 | $ | $ |
Dec 20 | $19,922 | $ | $ |
Jan 21 | $19,771 | $ | $ |
Feb 21 | $20,359 | $ | $ |
Mar 21 | $21,121 | $ | $ |
Apr 21 | $22,253 | $ | $ |
May 21 | $22,351 | $ | $ |
Jun 21 | $22,909 | $ | $ |
Jul 21 | $23,401 | $ | $ |
Aug 21 | $24,073 | $ | $ |
Sep 21 | $22,951 | $ | $ |
Oct 21 | $24,528 | $ | $ |
Nov 21 | $24,203 | $ | $ |
Dec 21 | $25,154 | $ | $ |
Jan 22 | $23,689 | $ | $ |
Feb 22 | $23,047 | $ | $ |
Mar 22 | $23,816 | $ | $ |
Apr 22 | $21,673 | $ | $ |
May 22 | $21,625 | $ | $ |
Jun 22 | $19,818 | $ | $ |
Jul 22 | $21,660 | $ | $ |
Aug 22 | $20,819 | $ | $ |
Sep 22 | $18,885 | $ | $ |
Oct 22 | $20,392 | $ | $ |
Nov 22 | $21,498 | $ | $ |
Dec 22 | $20,238 | $ | $ |
Jan 23 | $21,604 | $ | $ |
Feb 23 | $21,094 | $ | $ |
Mar 23 | $21,746 | $ | $ |
Apr 23 | $21,998 | $ | $ |
May 23 | $22,102 | $ | $ |
Jun 23 | $23,598 | $ | $ |
Jul 23 | $24,415 | $ | $ |
Aug 23 | $23,975 | $ | $ |
Sep 23 | $22,840 | $ | $ |
Oct 23 | $22,268 | $ | $ |
Nov 23 | $24,358 | $ | $ |
Dec 23 | $25,569 | $ | $ |
Jan 24 | $25,915 | $ | $ |
Feb 24 | $27,324 | $ | $ |
Mar 24 | $28,205 | $ | $ |
Apr 24 | $26,986 | $ | $ |
May 24 | $28,259 | $ | $ |
Jun 24 | $29,191 | $ | $ |
Jul 24 | $29,619 | $ | $ |
Aug 24 | $30,291 | $ | $ |
Sep 24 | $30,923 | $ | $ |
Oct 24 | $30,699 | $ | $ |
Nov 24 | $32,671 | $ | $ |
Dec 24 | $31,757 | $ | $ |
Jan 25 | $32,738 | $ | $ |
Feb 25 | $32,174 | $ | $ |
Mar 25 | $30,286 | $ | $ |
Apr 25 | $30,094 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the S&P Total Market Index in response to new regulatory requirements.
What did the Fund invest in?
(as of April 30, 2025)
Sector allocation
Sector | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Information Technology........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Financials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Discretionary........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Industrials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Communication Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Staples........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Energy........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Utilities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Real Estate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Materials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Apple, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Microsoft Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
NVIDIA Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Amazon.com, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Meta Platforms, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Berkshire Hathaway, Inc., Class B........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Alphabet, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Broadcom, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Tesla, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Alphabet, Inc., Class C, NVS........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
⁽ᵃ⁾ Excludes money market funds.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by S&P Dow Jones Indices LLC and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares ESG MSCI KLD 400 ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned 7.20%.
For the same period, the MSCI USA Index returned 12.25% and the MSCI KLD 400 Social Index returned 7.47%.
What contributed to performance?
The information technology sector was the largest driver of the Fund’s return during the reporting period. Semiconductor firms were positive, as clients increased their outlays to artificial intelligence (“AI”) and data center spending. In particular, a U.S. dominant manufacturer of graphics processing units (“GPU”) optimized for AI workloads benefited. Software and services stocks gained from strong trends in application software and systems software names, as companies prioritized secure, scalable infrastructure and automation to support data-driven decision-making. This tailwind was further amplified by growing demand for integrated platforms that combine cybersecurity, AI, and cloud capabilities to address evolving business needs. Within the financial services sector, transaction and payment processing services firms gained amid strong consumer spending and increased payment volume in digital transactions. The capital markets space was supported by growing trading volumes and investment banking revenues. In the automobile segment of the consumer discretionary sector, the stock of an electric vehicle (“EV”) maker gained, helped by the possible deregulation of autonomous driving.
What detracted from performance?
There were no significant detractors from the Fund’s return during the reporting period.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $10,122 | $ | $ |
Jun 15 | $9,899 | $ | $ |
Jul 15 | $10,106 | $ | $ |
Aug 15 | $9,485 | $ | $ |
Sep 15 | $9,265 | $ | $ |
Oct 15 | $10,079 | $ | $ |
Nov 15 | $10,093 | $ | $ |
Dec 15 | $9,936 | $ | $ |
Jan 16 | $9,429 | $ | $ |
Feb 16 | $9,387 | $ | $ |
Mar 16 | $10,104 | $ | $ |
Apr 16 | $10,075 | $ | $ |
May 16 | $10,244 | $ | $ |
Jun 16 | $10,224 | $ | $ |
Jul 16 | $10,636 | $ | $ |
Aug 16 | $10,699 | $ | $ |
Sep 16 | $10,681 | $ | $ |
Oct 16 | $10,411 | $ | $ |
Nov 16 | $10,809 | $ | $ |
Dec 16 | $10,963 | $ | $ |
Jan 17 | $11,221 | $ | $ |
Feb 17 | $11,572 | $ | $ |
Mar 17 | $11,602 | $ | $ |
Apr 17 | $11,770 | $ | $ |
May 17 | $11,925 | $ | $ |
Jun 17 | $11,971 | $ | $ |
Jul 17 | $12,247 | $ | $ |
Aug 17 | $12,224 | $ | $ |
Sep 17 | $12,508 | $ | $ |
Oct 17 | $12,810 | $ | $ |
Nov 17 | $13,119 | $ | $ |
Dec 17 | $13,261 | $ | $ |
Jan 18 | $14,068 | $ | $ |
Feb 18 | $13,520 | $ | $ |
Mar 18 | $13,235 | $ | $ |
Apr 18 | $13,299 | $ | $ |
May 18 | $13,650 | $ | $ |
Jun 18 | $13,733 | $ | $ |
Jul 18 | $14,194 | $ | $ |
Aug 18 | $14,540 | $ | $ |
Sep 18 | $14,581 | $ | $ |
Oct 18 | $13,460 | $ | $ |
Nov 18 | $13,915 | $ | $ |
Dec 18 | $12,757 | $ | $ |
Jan 19 | $13,799 | $ | $ |
Feb 19 | $14,276 | $ | $ |
Mar 19 | $14,535 | $ | $ |
Apr 19 | $15,121 | $ | $ |
May 19 | $14,166 | $ | $ |
Jun 19 | $15,120 | $ | $ |
Jul 19 | $15,420 | $ | $ |
Aug 19 | $15,152 | $ | $ |
Sep 19 | $15,387 | $ | $ |
Oct 19 | $15,702 | $ | $ |
Nov 19 | $16,274 | $ | $ |
Dec 19 | $16,746 | $ | $ |
Jan 20 | $16,824 | $ | $ |
Feb 20 | $15,567 | $ | $ |
Mar 20 | $13,662 | $ | $ |
Apr 20 | $15,416 | $ | $ |
May 20 | $16,249 | $ | $ |
Jun 20 | $16,600 | $ | $ |
Jul 20 | $17,371 | $ | $ |
Aug 20 | $18,778 | $ | $ |
Sep 20 | $18,056 | $ | $ |
Oct 20 | $17,603 | $ | $ |
Nov 20 | $19,545 | $ | $ |
Dec 20 | $20,230 | $ | $ |
Jan 21 | $20,040 | $ | $ |
Feb 21 | $20,753 | $ | $ |
Mar 21 | $21,643 | $ | $ |
Apr 21 | $22,767 | $ | $ |
May 21 | $22,946 | $ | $ |
Jun 21 | $23,548 | $ | $ |
Jul 21 | $24,188 | $ | $ |
Aug 21 | $24,913 | $ | $ |
Sep 21 | $23,723 | $ | $ |
Oct 21 | $25,928 | $ | $ |
Nov 21 | $25,549 | $ | $ |
Dec 21 | $26,562 | $ | $ |
Jan 22 | $24,863 | $ | $ |
Feb 22 | $24,037 | $ | $ |
Mar 22 | $24,813 | $ | $ |
Apr 22 | $22,550 | $ | $ |
May 22 | $22,399 | $ | $ |
Jun 22 | $20,664 | $ | $ |
Jul 22 | $22,455 | $ | $ |
Aug 22 | $21,365 | $ | $ |
Sep 22 | $19,313 | $ | $ |
Oct 22 | $20,715 | $ | $ |
Nov 22 | $22,178 | $ | $ |
Dec 22 | $20,808 | $ | $ |
Jan 23 | $22,281 | $ | $ |
Feb 23 | $21,811 | $ | $ |
Mar 23 | $22,699 | $ | $ |
Apr 23 | $22,782 | $ | $ |
May 23 | $23,053 | $ | $ |
Jun 23 | $24,540 | $ | $ |
Jul 23 | $25,426 | $ | $ |
Aug 23 | $25,096 | $ | $ |
Sep 23 | $23,816 | $ | $ |
Oct 23 | $23,153 | $ | $ |
Nov 23 | $25,486 | $ | $ |
Dec 23 | $26,729 | $ | $ |
Jan 24 | $27,236 | $ | $ |
Feb 24 | $28,647 | $ | $ |
Mar 24 | $29,710 | $ | $ |
Apr 24 | $28,320 | $ | $ |
May 24 | $29,624 | $ | $ |
Jun 24 | $30,648 | $ | $ |
Jul 24 | $30,873 | $ | $ |
Aug 24 | $31,351 | $ | $ |
Sep 24 | $32,211 | $ | $ |
Oct 24 | $31,917 | $ | $ |
Nov 24 | $33,822 | $ | $ |
Dec 24 | $32,738 | $ | $ |
Jan 25 | $33,267 | $ | $ |
Feb 25 | $32,400 | $ | $ |
Mar 25 | $30,461 | $ | $ |
Apr 25 | $30,360 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the MSCI USA Index in response to new regulatory requirements.
What did the Fund invest in?
(as of April 30, 2025)
Sector allocation
Sector | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Information Technology........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Financials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Discretionary........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Industrials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Communication Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Staples........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Real Estate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Materials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Energy........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Utilities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Microsoft Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
NVIDIA Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Alphabet, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Tesla, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Alphabet, Inc., Class C, NVS........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Visa, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Mastercard, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Procter & Gamble Co. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Home Depot, Inc. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
AbbVie, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
⁽ᵃ⁾ Excludes money market funds.
Material Fund changes
This is a summary of certain changes to the Fund since
Effective February 19, 2025, the name of the Fund was changed from iShares MSCI KLD 400 Social ETF to iShares ESG MSCI KLD 400 ETF.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by MSCI Inc. and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares MSCI USA ESG Select ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned 11.21%.
For the same period, the MSCI USA Index returned 12.25% and the MSCI USA Extended ESG Select Index returned 11.49%.
What contributed to performance?
The information technology sector was the largest driver of the Fund’s return during the reporting period. Within the technology hardware and equipment segment, an innovative multinational technology company gained due to its consistently strong brand recognition and a robust ecosystem of its products and services. In the industrials sector, capital goods stocks were supported by large-scale government spending for infrastructure projects. Capital markets companies within the financials sector were another large contributor. Asset management and custody banks gained as heightened market activity boosted fees, while increased trading volumes from market volatility and strong corporate earnings further supported growth. The financial exchanges and data industry also contributed. Exchanges benefited from increased trading activity due to heightened market volatility, while the data industry was buoyed by strong demand for real-time analytics for data-driven decision-making.
What detracted from performance?
There were no significant detractors from the Fund’s return during the reporting period.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $10,117 | $ | $ |
Jun 15 | $9,873 | $ | $ |
Jul 15 | $9,999 | $ | $ |
Aug 15 | $9,387 | $ | $ |
Sep 15 | $9,183 | $ | $ |
Oct 15 | $9,917 | $ | $ |
Nov 15 | $9,973 | $ | $ |
Dec 15 | $9,745 | $ | $ |
Jan 16 | $9,202 | $ | $ |
Feb 16 | $9,271 | $ | $ |
Mar 16 | $10,016 | $ | $ |
Apr 16 | $10,007 | $ | $ |
May 16 | $10,231 | $ | $ |
Jun 16 | $10,227 | $ | $ |
Jul 16 | $10,634 | $ | $ |
Aug 16 | $10,760 | $ | $ |
Sep 16 | $10,765 | $ | $ |
Oct 16 | $10,450 | $ | $ |
Nov 16 | $10,770 | $ | $ |
Dec 16 | $10,939 | $ | $ |
Jan 17 | $11,129 | $ | $ |
Feb 17 | $11,642 | $ | $ |
Mar 17 | $11,725 | $ | $ |
Apr 17 | $11,901 | $ | $ |
May 17 | $12,168 | $ | $ |
Jun 17 | $12,234 | $ | $ |
Jul 17 | $12,373 | $ | $ |
Aug 17 | $12,433 | $ | $ |
Sep 17 | $12,573 | $ | $ |
Oct 17 | $12,959 | $ | $ |
Nov 17 | $13,248 | $ | $ |
Dec 17 | $13,403 | $ | $ |
Jan 18 | $14,146 | $ | $ |
Feb 18 | $13,673 | $ | $ |
Mar 18 | $13,393 | $ | $ |
Apr 18 | $13,420 | $ | $ |
May 18 | $13,563 | $ | $ |
Jun 18 | $13,704 | $ | $ |
Jul 18 | $14,142 | $ | $ |
Aug 18 | $14,479 | $ | $ |
Sep 18 | $14,596 | $ | $ |
Oct 18 | $13,529 | $ | $ |
Nov 18 | $13,943 | $ | $ |
Dec 18 | $12,657 | $ | $ |
Jan 19 | $13,656 | $ | $ |
Feb 19 | $14,247 | $ | $ |
Mar 19 | $14,566 | $ | $ |
Apr 19 | $15,040 | $ | $ |
May 19 | $13,984 | $ | $ |
Jun 19 | $15,066 | $ | $ |
Jul 19 | $15,328 | $ | $ |
Aug 19 | $14,972 | $ | $ |
Sep 19 | $15,353 | $ | $ |
Oct 19 | $15,635 | $ | $ |
Nov 19 | $16,219 | $ | $ |
Dec 19 | $16,730 | $ | $ |
Jan 20 | $16,758 | $ | $ |
Feb 20 | $15,494 | $ | $ |
Mar 20 | $13,754 | $ | $ |
Apr 20 | $15,455 | $ | $ |
May 20 | $16,347 | $ | $ |
Jun 20 | $16,816 | $ | $ |
Jul 20 | $17,826 | $ | $ |
Aug 20 | $19,250 | $ | $ |
Sep 20 | $18,556 | $ | $ |
Oct 20 | $18,222 | $ | $ |
Nov 20 | $20,134 | $ | $ |
Dec 20 | $20,852 | $ | $ |
Jan 21 | $20,761 | $ | $ |
Feb 21 | $21,280 | $ | $ |
Mar 21 | $22,269 | $ | $ |
Apr 21 | $23,383 | $ | $ |
May 21 | $23,619 | $ | $ |
Jun 21 | $24,296 | $ | $ |
Jul 21 | $24,988 | $ | $ |
Aug 21 | $25,807 | $ | $ |
Sep 21 | $24,477 | $ | $ |
Oct 21 | $26,360 | $ | $ |
Nov 21 | $25,998 | $ | $ |
Dec 21 | $27,172 | $ | $ |
Jan 22 | $25,263 | $ | $ |
Feb 22 | $24,159 | $ | $ |
Mar 22 | $24,832 | $ | $ |
Apr 22 | $22,734 | $ | $ |
May 22 | $22,703 | $ | $ |
Jun 22 | $20,766 | $ | $ |
Jul 22 | $22,751 | $ | $ |
Aug 22 | $21,777 | $ | $ |
Sep 22 | $19,627 | $ | $ |
Oct 22 | $21,346 | $ | $ |
Nov 22 | $22,709 | $ | $ |
Dec 22 | $21,382 | $ | $ |
Jan 23 | $22,755 | $ | $ |
Feb 23 | $22,222 | $ | $ |
Mar 23 | $22,897 | $ | $ |
Apr 23 | $23,030 | $ | $ |
May 23 | $22,937 | $ | $ |
Jun 23 | $24,490 | $ | $ |
Jul 23 | $25,369 | $ | $ |
Aug 23 | $24,952 | $ | $ |
Sep 23 | $23,610 | $ | $ |
Oct 23 | $22,787 | $ | $ |
Nov 23 | $25,160 | $ | $ |
Dec 23 | $26,486 | $ | $ |
Jan 24 | $26,683 | $ | $ |
Feb 24 | $27,946 | $ | $ |
Mar 24 | $28,881 | $ | $ |
Apr 24 | $27,614 | $ | $ |
May 24 | $28,848 | $ | $ |
Jun 24 | $29,747 | $ | $ |
Jul 24 | $30,422 | $ | $ |
Aug 24 | $31,339 | $ | $ |
Sep 24 | $31,991 | $ | $ |
Oct 24 | $31,411 | $ | $ |
Nov 24 | $33,405 | $ | $ |
Dec 24 | $32,421 | $ | $ |
Jan 25 | $33,202 | $ | $ |
Feb 25 | $32,598 | $ | $ |
Mar 25 | $30,689 | $ | $ |
Apr 25 | $30,709 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the MSCI USA Index in response to new regulatory requirements.
The performance of MSCI USA Extended ESG Select Index in this report reflects the performance of the MSCI USA ESG Select Index through May 31, 2018 and, beginning on June 1, 2018, the performance of MSCI USA Extended ESG Select Index.
What did the Fund invest in?
(as of April 30, 2025)
Sector allocation
Sector | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Information Technology........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Financials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Industrials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Staples........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Discretionary........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Communication Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Energy........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Materials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Real Estate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Utilities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Microsoft Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Apple, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
NVIDIA Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Alphabet, Inc., Class C, NVS........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Broadcom, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Alphabet, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Eli Lilly & Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Tesla, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Coca-Cola Co. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Home Depot, Inc. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
⁽ᵃ⁾ Excludes money market funds.
Material Fund changes
This is a summary of planned changes to the Fund since
Effective June 2, 2025, the name of the Fund was changed from iShares MSCI USA ESG Select ETF to iShares ESG Optimized MSCI USA ETF.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by MSCI Inc. and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares U.S. Basic Materials ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned (5.83)%.
For the same period, the Russell 3000® Index returned 11.40% and the Russell 1000 Basic Materials RIC 22.5/45 Capped Index returned (5.47)%.
What contributed to performance?
Amid geopolitical uncertainty, gold prices increased during the reporting period, positively contributing to the Fund’s performance. The gold price was further supported by increased purchases from central banks, which typically buy the metal to diversify reserves, hedge against inflation, and reduce reliance on foreign currencies. While chemicals stocks detracted overall, the industrial gases segment gained amid solid demand. These firms, which produce and supply a wide range of industrial gases, including oxygen, nitrogen, argon, helium, and hydrogen, serve a broad variety of end markets and are essential for food preservation and medical treatments.
What detracted from performance?
U.S. materials stocks experienced declines during the reporting period, amid concerns surrounding tariffs, slowing economic growth, and fluctuations in commodity prices. An additional headwind was the threat of trade wars, which further increased uncertainty for the materials segment. Chemicals stocks were the most significant detractors from the Fund’s return, specifically commodity chemicals and specialized chemicals. These firms were pressured by weak global demand, rising raw material costs, and lower refining margins. Within metals and mining stocks, weakening demand, especially from China, negatively impacted prices for key commodities including copper, as well as iron ore, the primary raw materials needed to make steel.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $9,970 | $ | $ |
Jun 15 | $9,563 | $ | $ |
Jul 15 | $8,926 | $ | $ |
Aug 15 | $8,388 | $ | $ |
Sep 15 | $7,725 | $ | $ |
Oct 15 | $8,765 | $ | $ |
Nov 15 | $8,848 | $ | $ |
Dec 15 | $8,475 | $ | $ |
Jan 16 | $7,597 | $ | $ |
Feb 16 | $8,126 | $ | $ |
Mar 16 | $8,829 | $ | $ |
Apr 16 | $9,358 | $ | $ |
May 16 | $9,253 | $ | $ |
Jun 16 | $9,182 | $ | $ |
Jul 16 | $9,702 | $ | $ |
Aug 16 | $9,685 | $ | $ |
Sep 16 | $9,595 | $ | $ |
Oct 16 | $9,414 | $ | $ |
Nov 16 | $10,192 | $ | $ |
Dec 16 | $10,148 | $ | $ |
Jan 17 | $10,597 | $ | $ |
Feb 17 | $10,797 | $ | $ |
Mar 17 | $10,903 | $ | $ |
Apr 17 | $10,937 | $ | $ |
May 17 | $10,821 | $ | $ |
Jun 17 | $10,994 | $ | $ |
Jul 17 | $11,257 | $ | $ |
Aug 17 | $11,386 | $ | $ |
Sep 17 | $11,847 | $ | $ |
Oct 17 | $12,283 | $ | $ |
Nov 17 | $12,376 | $ | $ |
Dec 17 | $12,659 | $ | $ |
Jan 18 | $13,155 | $ | $ |
Feb 18 | $12,481 | $ | $ |
Mar 18 | $11,945 | $ | $ |
Apr 18 | $12,112 | $ | $ |
May 18 | $12,397 | $ | $ |
Jun 18 | $12,361 | $ | $ |
Jul 18 | $12,777 | $ | $ |
Aug 18 | $12,666 | $ | $ |
Sep 18 | $12,339 | $ | $ |
Oct 18 | $11,108 | $ | $ |
Nov 18 | $11,368 | $ | $ |
Dec 18 | $10,571 | $ | $ |
Jan 19 | $11,196 | $ | $ |
Feb 19 | $11,579 | $ | $ |
Mar 19 | $11,553 | $ | $ |
Apr 19 | $11,883 | $ | $ |
May 19 | $10,723 | $ | $ |
Jun 19 | $12,073 | $ | $ |
Jul 19 | $11,914 | $ | $ |
Aug 19 | $11,387 | $ | $ |
Sep 19 | $11,788 | $ | $ |
Oct 19 | $11,783 | $ | $ |
Nov 19 | $12,192 | $ | $ |
Dec 19 | $12,606 | $ | $ |
Jan 20 | $11,664 | $ | $ |
Feb 20 | $10,665 | $ | $ |
Mar 20 | $8,947 | $ | $ |
Apr 20 | $10,506 | $ | $ |
May 20 | $11,315 | $ | $ |
Jun 20 | $11,588 | $ | $ |
Jul 20 | $12,451 | $ | $ |
Aug 20 | $12,992 | $ | $ |
Sep 20 | $12,868 | $ | $ |
Oct 20 | $12,673 | $ | $ |
Nov 20 | $14,403 | $ | $ |
Dec 20 | $14,854 | $ | $ |
Jan 21 | $14,553 | $ | $ |
Feb 21 | $15,174 | $ | $ |
Mar 21 | $16,495 | $ | $ |
Apr 21 | $17,210 | $ | $ |
May 21 | $18,254 | $ | $ |
Jun 21 | $17,194 | $ | $ |
Jul 21 | $17,532 | $ | $ |
Aug 21 | $17,548 | $ | $ |
Sep 21 | $16,477 | $ | $ |
Oct 21 | $17,684 | $ | $ |
Nov 21 | $17,315 | $ | $ |
Dec 21 | $18,644 | $ | $ |
Jan 22 | $17,435 | $ | $ |
Feb 22 | $18,202 | $ | $ |
Mar 22 | $19,923 | $ | $ |
Apr 22 | $18,781 | $ | $ |
May 22 | $18,904 | $ | $ |
Jun 22 | $15,806 | $ | $ |
Jul 22 | $16,699 | $ | $ |
Aug 22 | $16,172 | $ | $ |
Sep 22 | $14,601 | $ | $ |
Oct 22 | $16,010 | $ | $ |
Nov 22 | $17,874 | $ | $ |
Dec 22 | $16,953 | $ | $ |
Jan 23 | $18,879 | $ | $ |
Feb 23 | $18,362 | $ | $ |
Mar 23 | $18,077 | $ | $ |
Apr 23 | $17,828 | $ | $ |
May 23 | $16,461 | $ | $ |
Jun 23 | $18,212 | $ | $ |
Jul 23 | $18,970 | $ | $ |
Aug 23 | $18,304 | $ | $ |
Sep 23 | $17,382 | $ | $ |
Oct 23 | $16,836 | $ | $ |
Nov 23 | $18,148 | $ | $ |
Dec 23 | $19,111 | $ | $ |
Jan 24 | $18,440 | $ | $ |
Feb 24 | $19,175 | $ | $ |
Mar 24 | $20,513 | $ | $ |
Apr 24 | $19,585 | $ | $ |
May 24 | $20,276 | $ | $ |
Jun 24 | $19,527 | $ | $ |
Jul 24 | $20,132 | $ | $ |
Aug 24 | $20,392 | $ | $ |
Sep 24 | $21,001 | $ | $ |
Oct 24 | $20,360 | $ | $ |
Nov 24 | $20,672 | $ | $ |
Dec 24 | $18,245 | $ | $ |
Jan 25 | $19,351 | $ | $ |
Feb 25 | $19,447 | $ | $ |
Mar 25 | $19,008 | $ | $ |
Apr 25 | $18,444 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | ( | ||
( |
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the Russell 3000® Index in response to new regulatory requirements.
The performance of the Russell 1000 Basic Materials RIC 22.5/45 Capped Index in this report reflects the performance of the Dow Jones U.S. Basic Materials IndexTM through September 19, 2021 and, beginning on September 20, 2021, the performance of the Russell 1000 Basic Materials RIC 22.5/45 Capped Index.
What did the Fund invest in?
(as of April 30, 2025)
Industry allocation
Industry | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Chemicals........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Metals & Mining........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Containers & Packaging........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Trading Companies & Distributors........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Machinery........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Aerospace & Defense........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Linde PLC........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Ecolab, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Air Products and Chemicals, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Freeport-McMoRan, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Newmont Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Fastenal Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Nucor Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Steel Dynamics, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
International Paper Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
International Flavors & Fragrances, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
⁽ᵃ⁾ Excludes money market funds.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by FTSE Russell or S&P Dow Jones Indices LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares U.S. Consumer Discretionary ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned 16.06%.
For the same period, the Russell 3000® Index returned 11.40% and the Russell 1000 Consumer Discretionary 40 Act 15/22.5 Daily Capped Index returned 16.42%.
What contributed to performance?
Consumer discretionary stocks aided the Fund's return during the reporting period. Investors of an electric vehicle maker that benefited from possible deregulation of autonomous driving remained optimistic about the company’s long-term growth plans. Broadline and specialty retailers also contributed, supported by resilient consumer spending, both in brick-and-mortar and online stores. A large e-commerce retailer also benefited from growing demand for its cloud computing and digital advertising services. Successful shifts to e-commerce helped boost the performance of consumer staples merchandise retail firms in the consumer staples sector. Additionally, two big box retailers benefited from strong customer bases and competitive pricing.
What detracted from performance?
The largest detractor from the Fund’s return during the reporting period was textile and apparel firms in the consumer durables category. These companies suffered amid rising input costs, global economic uncertainty, and the possibility of increased tariffs.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $10,100 | $ | $ |
Jun 15 | $10,057 | $ | $ |
Jul 15 | $10,560 | $ | $ |
Aug 15 | $9,848 | $ | $ |
Sep 15 | $9,697 | $ | $ |
Oct 15 | $10,420 | $ | $ |
Nov 15 | $10,324 | $ | $ |
Dec 15 | $10,220 | $ | $ |
Jan 16 | $9,681 | $ | $ |
Feb 16 | $9,747 | $ | $ |
Mar 16 | $10,325 | $ | $ |
Apr 16 | $10,223 | $ | $ |
May 16 | $10,259 | $ | $ |
Jun 16 | $10,197 | $ | $ |
Jul 16 | $10,598 | $ | $ |
Aug 16 | $10,463 | $ | $ |
Sep 16 | $10,471 | $ | $ |
Oct 16 | $10,235 | $ | $ |
Nov 16 | $10,748 | $ | $ |
Dec 16 | $10,785 | $ | $ |
Jan 17 | $11,121 | $ | $ |
Feb 17 | $11,376 | $ | $ |
Mar 17 | $11,520 | $ | $ |
Apr 17 | $11,829 | $ | $ |
May 17 | $11,991 | $ | $ |
Jun 17 | $11,780 | $ | $ |
Jul 17 | $11,982 | $ | $ |
Aug 17 | $11,733 | $ | $ |
Sep 17 | $11,817 | $ | $ |
Oct 17 | $11,891 | $ | $ |
Nov 17 | $12,615 | $ | $ |
Dec 17 | $12,929 | $ | $ |
Jan 18 | $14,088 | $ | $ |
Feb 18 | $13,503 | $ | $ |
Mar 18 | $13,175 | $ | $ |
Apr 18 | $13,408 | $ | $ |
May 18 | $13,567 | $ | $ |
Jun 18 | $14,036 | $ | $ |
Jul 18 | $14,381 | $ | $ |
Aug 18 | $15,222 | $ | $ |
Sep 18 | $15,371 | $ | $ |
Oct 18 | $14,138 | $ | $ |
Nov 18 | $14,490 | $ | $ |
Dec 18 | $13,162 | $ | $ |
Jan 19 | $14,334 | $ | $ |
Feb 19 | $14,553 | $ | $ |
Mar 19 | $14,904 | $ | $ |
Apr 19 | $15,834 | $ | $ |
May 19 | $14,882 | $ | $ |
Jun 19 | $15,909 | $ | $ |
Jul 19 | $16,060 | $ | $ |
Aug 19 | $15,962 | $ | $ |
Sep 19 | $15,925 | $ | $ |
Oct 19 | $16,099 | $ | $ |
Nov 19 | $16,515 | $ | $ |
Dec 19 | $16,775 | $ | $ |
Jan 20 | $16,637 | $ | $ |
Feb 20 | $15,303 | $ | $ |
Mar 20 | $13,046 | $ | $ |
Apr 20 | $15,074 | $ | $ |
May 20 | $16,045 | $ | $ |
Jun 20 | $16,150 | $ | $ |
Jul 20 | $17,267 | $ | $ |
Aug 20 | $18,793 | $ | $ |
Sep 20 | $18,443 | $ | $ |
Oct 20 | $17,928 | $ | $ |
Nov 20 | $20,220 | $ | $ |
Dec 20 | $20,881 | $ | $ |
Jan 21 | $20,440 | $ | $ |
Feb 21 | $21,408 | $ | $ |
Mar 21 | $22,174 | $ | $ |
Apr 21 | $23,135 | $ | $ |
May 21 | $22,732 | $ | $ |
Jun 21 | $23,039 | $ | $ |
Jul 21 | $23,181 | $ | $ |
Aug 21 | $23,668 | $ | $ |
Sep 21 | $22,994 | $ | $ |
Oct 21 | $24,942 | $ | $ |
Nov 21 | $24,636 | $ | $ |
Dec 21 | $24,978 | $ | $ |
Jan 22 | $22,578 | $ | $ |
Feb 22 | $21,900 | $ | $ |
Mar 22 | $22,333 | $ | $ |
Apr 22 | $19,860 | $ | $ |
May 22 | $18,935 | $ | $ |
Jun 22 | $16,927 | $ | $ |
Jul 22 | $19,530 | $ | $ |
Aug 22 | $18,974 | $ | $ |
Sep 22 | $17,376 | $ | $ |
Oct 22 | $18,304 | $ | $ |
Nov 22 | $18,897 | $ | $ |
Dec 22 | $17,041 | $ | $ |
Jan 23 | $19,463 | $ | $ |
Feb 23 | $18,938 | $ | $ |
Mar 23 | $19,398 | $ | $ |
Apr 23 | $19,313 | $ | $ |
May 23 | $19,357 | $ | $ |
Jun 23 | $21,352 | $ | $ |
Jul 23 | $21,931 | $ | $ |
Aug 23 | $21,308 | $ | $ |
Sep 23 | $20,157 | $ | $ |
Oct 23 | $19,445 | $ | $ |
Nov 23 | $21,460 | $ | $ |
Dec 23 | $22,853 | $ | $ |
Jan 24 | $22,558 | $ | $ |
Feb 24 | $24,413 | $ | $ |
Mar 24 | $24,768 | $ | $ |
Apr 24 | $23,449 | $ | $ |
May 24 | $23,945 | $ | $ |
Jun 24 | $24,565 | $ | $ |
Jul 24 | $24,849 | $ | $ |
Aug 24 | $25,318 | $ | $ |
Sep 24 | $26,653 | $ | $ |
Oct 24 | $26,404 | $ | $ |
Nov 24 | $29,562 | $ | $ |
Dec 24 | $29,158 | $ | $ |
Jan 25 | $30,483 | $ | $ |
Feb 25 | $29,231 | $ | $ |
Mar 25 | $26,837 | $ | $ |
Apr 25 | $27,215 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the Russell 3000® Index in response to new regulatory requirements.
The performance of the Russell 1000 Consumer Discretionary 40 Act 15/22.5 Daily Capped Index in this report reflects the performance of the Russell 1000 Consumer Discretionary 40 Act 15/22.5 Daily Capped Index through June 23, 2019, the performance of the Dow Jones U.S. Consumer Services Capped (TR) IndexTM beginning on June 24, 2019 through September 19, 2021 and, beginning on September 20, 2021, the performance of the Russell 1000 Consumer Discretionary 40 Act 15/22.5 Daily Capped Index.
What did the Fund invest in?
(as of April 30, 2025)
Industry allocation
Industry | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Consumer Discretionary Distribution & Retail........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Media & Entertainment........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Automobiles & Components........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Staples Distribution & Retail........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Durables & Apparel........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Transportation........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Commercial & Professional Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Household & Personal Products........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Capital Goods........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Amazon.com, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Tesla, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Netflix, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Costco Wholesale Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Walmart, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Home Depot, Inc. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
McDonald's Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Booking Holdings, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Walt Disney Co. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Uber Technologies, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
⁽ᵃ⁾ Excludes money market funds.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by FTSE Russell or S&P Dow Jones Indices LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares U.S. Consumer Staples ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned 8.96%.
For the same period, the Russell 3000® Index returned 11.40% and the Russell 1000 Consumer Staples RIC 22.5/45 Capped Index returned 9.37%.
What contributed to performance?
Consumer staples stocks were the largest contributors to the Fund’s return during the reporting period. Tobacco companies experienced robust gains, helped by their defensive nature and further boosted by the success of their smoke-free products, such as tobacco pouches and e-cigarettes. Food retailers were supported by rising food prices and gains in grocery store sales. In the healthcare sector, firms that distribute pharmaceuticals and healthcare supplies benefited from higher prescription volumes from retail customers, particularly for specialty medicines and for drugs that mimic glucagon-like peptide-1 (“GLP-1”) agonist, a natural hormone which helps regulate blood sugar and appetite.
What detracted from performance?
Companies within the food products subsector detracted from the Fund’s return during the reporting period. Firms that provide packaged foods and meats suffered from a slowdown in sales volume, rising input costs, and shifting consumer behavior habits.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $10,125 | $ | $ |
Jun 15 | $10,021 | $ | $ |
Jul 15 | $10,358 | $ | $ |
Aug 15 | $9,856 | $ | $ |
Sep 15 | $9,866 | $ | $ |
Oct 15 | $10,521 | $ | $ |
Nov 15 | $10,442 | $ | $ |
Dec 15 | $10,474 | $ | $ |
Jan 16 | $10,282 | $ | $ |
Feb 16 | $10,342 | $ | $ |
Mar 16 | $10,937 | $ | $ |
Apr 16 | $10,888 | $ | $ |
May 16 | $10,934 | $ | $ |
Jun 16 | $11,274 | $ | $ |
Jul 16 | $11,432 | $ | $ |
Aug 16 | $11,398 | $ | $ |
Sep 16 | $11,204 | $ | $ |
Oct 16 | $11,020 | $ | $ |
Nov 16 | $10,698 | $ | $ |
Dec 16 | $10,984 | $ | $ |
Jan 17 | $11,295 | $ | $ |
Feb 17 | $11,775 | $ | $ |
Mar 17 | $11,840 | $ | $ |
Apr 17 | $11,873 | $ | $ |
May 17 | $12,206 | $ | $ |
Jun 17 | $12,188 | $ | $ |
Jul 17 | $12,203 | $ | $ |
Aug 17 | $12,113 | $ | $ |
Sep 17 | $12,144 | $ | $ |
Oct 17 | $12,138 | $ | $ |
Nov 17 | $12,554 | $ | $ |
Dec 17 | $12,799 | $ | $ |
Jan 18 | $13,037 | $ | $ |
Feb 18 | $12,213 | $ | $ |
Mar 18 | $12,063 | $ | $ |
Apr 18 | $11,587 | $ | $ |
May 18 | $11,624 | $ | $ |
Jun 18 | $12,100 | $ | $ |
Jul 18 | $12,293 | $ | $ |
Aug 18 | $12,168 | $ | $ |
Sep 18 | $12,245 | $ | $ |
Oct 18 | $12,014 | $ | $ |
Nov 18 | $12,150 | $ | $ |
Dec 18 | $11,042 | $ | $ |
Jan 19 | $11,846 | $ | $ |
Feb 19 | $12,093 | $ | $ |
Mar 19 | $12,444 | $ | $ |
Apr 19 | $12,856 | $ | $ |
May 19 | $12,000 | $ | $ |
Jun 19 | $12,748 | $ | $ |
Jul 19 | $13,033 | $ | $ |
Aug 19 | $12,927 | $ | $ |
Sep 19 | $13,340 | $ | $ |
Oct 19 | $13,399 | $ | $ |
Nov 19 | $13,624 | $ | $ |
Dec 19 | $14,149 | $ | $ |
Jan 20 | $14,275 | $ | $ |
Feb 20 | $13,100 | $ | $ |
Mar 20 | $11,559 | $ | $ |
Apr 20 | $12,746 | $ | $ |
May 20 | $13,322 | $ | $ |
Jun 20 | $13,684 | $ | $ |
Jul 20 | $14,861 | $ | $ |
Aug 20 | $16,502 | $ | $ |
Sep 20 | $16,095 | $ | $ |
Oct 20 | $15,585 | $ | $ |
Nov 20 | $17,577 | $ | $ |
Dec 20 | $18,757 | $ | $ |
Jan 21 | $18,627 | $ | $ |
Feb 21 | $18,203 | $ | $ |
Mar 21 | $19,180 | $ | $ |
Apr 21 | $19,740 | $ | $ |
May 21 | $19,690 | $ | $ |
Jun 21 | $19,987 | $ | $ |
Jul 21 | $20,260 | $ | $ |
Aug 21 | $20,285 | $ | $ |
Sep 21 | $19,611 | $ | $ |
Oct 21 | $20,170 | $ | $ |
Nov 21 | $19,744 | $ | $ |
Dec 21 | $21,999 | $ | $ |
Jan 22 | $22,161 | $ | $ |
Feb 22 | $21,924 | $ | $ |
Mar 22 | $22,082 | $ | $ |
Apr 22 | $22,766 | $ | $ |
May 22 | $22,366 | $ | $ |
Jun 22 | $21,592 | $ | $ |
Jul 22 | $22,020 | $ | $ |
Aug 22 | $21,809 | $ | $ |
Sep 22 | $20,054 | $ | $ |
Oct 22 | $22,014 | $ | $ |
Nov 22 | $23,246 | $ | $ |
Dec 22 | $22,777 | $ | $ |
Jan 23 | $22,264 | $ | $ |
Feb 23 | $21,717 | $ | $ |
Mar 23 | $22,491 | $ | $ |
Apr 23 | $23,368 | $ | $ |
May 23 | $21,996 | $ | $ |
Jun 23 | $22,728 | $ | $ |
Jul 23 | $23,182 | $ | $ |
Aug 23 | $22,287 | $ | $ |
Sep 23 | $21,371 | $ | $ |
Oct 23 | $21,021 | $ | $ |
Nov 23 | $21,815 | $ | $ |
Dec 23 | $22,148 | $ | $ |
Jan 24 | $22,346 | $ | $ |
Feb 24 | $22,583 | $ | $ |
Mar 24 | $23,537 | $ | $ |
Apr 24 | $23,274 | $ | $ |
May 24 | $23,275 | $ | $ |
Jun 24 | $23,012 | $ | $ |
Jul 24 | $23,783 | $ | $ |
Aug 24 | $24,785 | $ | $ |
Sep 24 | $24,885 | $ | $ |
Oct 24 | $24,089 | $ | $ |
Nov 24 | $25,005 | $ | $ |
Dec 24 | $23,322 | $ | $ |
Jan 25 | $23,580 | $ | $ |
Feb 25 | $25,144 | $ | $ |
Mar 25 | $25,549 | $ | $ |
Apr 25 | $25,360 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the Russell 3000® Index in response to new regulatory requirements.
The performance of the Russell 1000 Consumer Staples RIC 22.5/45 Capped Index in this report reflects the performance of the Dow Jones U.S. Consumer Goods IndexTM through September 19, 2021 and, beginning on September 20, 2021, the performance of the Russell 1000 Consumer Staples RIC 22.5/45 Capped Index.
What did the Fund invest in?
(as of April 30, 2025)
Industry allocation
Industry | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Food, Beverage & Tobacco........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Household & Personal Products........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care Equipment & Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Staples Distribution & Retail........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Materials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Procter & Gamble Co. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Coca-Cola Co. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Philip Morris International, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
PepsiCo, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Altria Group, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Mondelez International, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
McKesson Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
CVS Health Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Colgate-Palmolive Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Cencora, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
⁽ᵃ⁾ Excludes money market funds.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by FTSE Russell or S&P Dow Jones Indices LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares U.S. Energy ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned (10.33)%.
For the same period, the Russell 3000® Index returned 11.40% and the Russell 1000 Energy RIC 22.5/45 Capped Index returned (9.97)%.
What contributed to performance?
Despite falling crude oil prices, oil and gas storage and transportation companies gained and contributed to the Fund’s return during the reporting period. These firms benefited from increased demand for natural gas, which is viewed as a cleaner alternative to coal and oil and is a critical component in electricity grids and industrial processes. Several firms in this segment have expanded their businesses through acquisitions and new projects, which further fueled their growth and earnings.
What detracted from performance?
Energy stocks faced several headwinds during the reporting period, causing the sector to detract from the Fund’s return. The oil and gas environment was marked by significant volatility as OPEC+, a coalition of the Organization of the Petroleum Exporting Countries and 10 non-OPEC oil-producing nations, announced production increases amid slowing energy demand in major economies, and trade uncertainty. In this landscape, the largest detractor from the Fund’s return were companies within the oil and gas exploration and production subsector. These firms were pressured by falling crude prices, which reduced profit margins and investor confidence. Also detracting were companies that operate within integrated oil and gas segment, which operate across the oil and gas value chain, suffering from volatile macroeconomic conditions and reduced profitability on refined product sales. Additionally, oil and gas refining and marketing and transportation firms detracted as refining margins shrank and demand for petroleum products weakened.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $9,502 | $ | $ |
Jun 15 | $9,161 | $ | $ |
Jul 15 | $8,409 | $ | $ |
Aug 15 | $8,067 | $ | $ |
Sep 15 | $7,481 | $ | $ |
Oct 15 | $8,340 | $ | $ |
Nov 15 | $8,307 | $ | $ |
Dec 15 | $7,433 | $ | $ |
Jan 16 | $7,169 | $ | $ |
Feb 16 | $7,009 | $ | $ |
Mar 16 | $7,684 | $ | $ |
Apr 16 | $8,380 | $ | $ |
May 16 | $8,281 | $ | $ |
Jun 16 | $8,524 | $ | $ |
Jul 16 | $8,351 | $ | $ |
Aug 16 | $8,455 | $ | $ |
Sep 16 | $8,728 | $ | $ |
Oct 16 | $8,426 | $ | $ |
Nov 16 | $9,182 | $ | $ |
Dec 16 | $9,336 | $ | $ |
Jan 17 | $9,023 | $ | $ |
Feb 17 | $8,810 | $ | $ |
Mar 17 | $8,713 | $ | $ |
Apr 17 | $8,424 | $ | $ |
May 17 | $8,107 | $ | $ |
Jun 17 | $8,067 | $ | $ |
Jul 17 | $8,260 | $ | $ |
Aug 17 | $7,817 | $ | $ |
Sep 17 | $8,604 | $ | $ |
Oct 17 | $8,537 | $ | $ |
Nov 17 | $8,708 | $ | $ |
Dec 17 | $9,154 | $ | $ |
Jan 18 | $9,452 | $ | $ |
Feb 18 | $8,446 | $ | $ |
Mar 18 | $8,620 | $ | $ |
Apr 18 | $9,428 | $ | $ |
May 18 | $9,752 | $ | $ |
Jun 18 | $9,817 | $ | $ |
Jul 18 | $9,936 | $ | $ |
Aug 18 | $9,629 | $ | $ |
Sep 18 | $9,884 | $ | $ |
Oct 18 | $8,730 | $ | $ |
Nov 18 | $8,515 | $ | $ |
Dec 18 | $7,396 | $ | $ |
Jan 19 | $8,241 | $ | $ |
Feb 19 | $8,414 | $ | $ |
Mar 19 | $8,610 | $ | $ |
Apr 19 | $8,596 | $ | $ |
May 19 | $7,618 | $ | $ |
Jun 19 | $8,299 | $ | $ |
Jul 19 | $8,118 | $ | $ |
Aug 19 | $7,422 | $ | $ |
Sep 19 | $7,716 | $ | $ |
Oct 19 | $7,536 | $ | $ |
Nov 19 | $7,646 | $ | $ |
Dec 19 | $8,131 | $ | $ |
Jan 20 | $7,214 | $ | $ |
Feb 20 | $6,144 | $ | $ |
Mar 20 | $3,950 | $ | $ |
Apr 20 | $5,165 | $ | $ |
May 20 | $5,253 | $ | $ |
Jun 20 | $5,209 | $ | $ |
Jul 20 | $4,978 | $ | $ |
Aug 20 | $4,944 | $ | $ |
Sep 20 | $4,220 | $ | $ |
Oct 20 | $4,069 | $ | $ |
Nov 20 | $5,183 | $ | $ |
Dec 20 | $5,412 | $ | $ |
Jan 21 | $5,620 | $ | $ |
Feb 21 | $6,836 | $ | $ |
Mar 21 | $7,036 | $ | $ |
Apr 21 | $7,087 | $ | $ |
May 21 | $7,500 | $ | $ |
Jun 21 | $7,861 | $ | $ |
Jul 21 | $7,215 | $ | $ |
Aug 21 | $7,096 | $ | $ |
Sep 21 | $7,718 | $ | $ |
Oct 21 | $8,597 | $ | $ |
Nov 21 | $8,190 | $ | $ |
Dec 21 | $8,300 | $ | $ |
Jan 22 | $9,659 | $ | $ |
Feb 22 | $10,372 | $ | $ |
Mar 22 | $11,363 | $ | $ |
Apr 22 | $11,095 | $ | $ |
May 22 | $12,770 | $ | $ |
Jun 22 | $10,675 | $ | $ |
Jul 22 | $11,858 | $ | $ |
Aug 22 | $12,266 | $ | $ |
Sep 22 | $11,141 | $ | $ |
Oct 22 | $13,709 | $ | $ |
Nov 22 | $13,912 | $ | $ |
Dec 22 | $13,310 | $ | $ |
Jan 23 | $13,630 | $ | $ |
Feb 23 | $12,677 | $ | $ |
Mar 23 | $12,637 | $ | $ |
Apr 23 | $12,867 | $ | $ |
May 23 | $11,665 | $ | $ |
Jun 23 | $12,447 | $ | $ |
Jul 23 | $13,423 | $ | $ |
Aug 23 | $13,605 | $ | $ |
Sep 23 | $13,870 | $ | $ |
Oct 23 | $13,102 | $ | $ |
Nov 23 | $12,998 | $ | $ |
Dec 23 | $13,005 | $ | $ |
Jan 24 | $12,869 | $ | $ |
Feb 24 | $13,291 | $ | $ |
Mar 24 | $14,648 | $ | $ |
Apr 24 | $14,502 | $ | $ |
May 24 | $14,559 | $ | $ |
Jun 24 | $14,334 | $ | $ |
Jul 24 | $14,624 | $ | $ |
Aug 24 | $14,343 | $ | $ |
Sep 24 | $13,935 | $ | $ |
Oct 24 | $14,021 | $ | $ |
Nov 24 | $15,176 | $ | $ |
Dec 24 | $13,791 | $ | $ |
Jan 25 | $14,078 | $ | $ |
Feb 25 | $14,516 | $ | $ |
Mar 25 | $15,021 | $ | $ |
Apr 25 | $13,004 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | ( | ||
( |
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the Russell 3000® Index in response to new regulatory requirements.
The performance of the Russell 1000 Energy RIC 22.5/45 Capped Index in this report reflects the performance of the Dow Jones U.S. Oil & Gas IndexTM through September 19, 2021 and, beginning on September 20, 2021, the performance of the Russell 1000 Energy RIC 22.5/45 Capped Index.
What did the Fund invest in?
(as of April 30, 2025)
Industry allocation
Industry | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Oil, Gas & Consumable Fuels........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Energy Equipment & Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Semiconductors & Semiconductor Equipment........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Exxon Mobil Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Chevron Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
ConocoPhillips........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Williams Companies, Inc. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
EOG Resources, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Cheniere Energy, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Kinder Morgan, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
ONEOK, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Schlumberger N.V......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Marathon Petroleum Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
⁽ᵃ⁾ Excludes money market funds.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by FTSE Russell or S&P Dow Jones Indices LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares U.S. Financial Services ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned 23.92%.
For the same period, the S&P Total Market Index returned 11.25% and the Dow Jones U.S. Financial Services IndexTM returned 24.38%.
What contributed to performance?
Financial services stocks registered robust performance during the reporting period, significantly contributing to the Fund’s return. Overall, these firms were supported by strong earnings, growing trading volumes, and the prospects of a loosening regulatory regime under the new presidential administration. Diversified banks exhibited robust earnings, witnessing increases in advisory fees and deal-making revenues. Within the financial services segment, a multinational conglomerate holding company was supported by its long-term, value-oriented investment strategy, which focuses on well-run businesses and quality investments. The capital markets space, which includes asset management and custody banks, investment banking and brokerage, and financial exchanges and data, was further supported by increased trading activity and solid investment banking revenues. Transaction and payment processing services firms benefited from tailwinds including strong consumer spending and increased payment volume in digital transactions.
What detracted from performance?
There were no significant detractors from the Fund’s return during the reporting period.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $10,264 | $ | $ |
Jun 15 | $10,360 | $ | $ |
Jul 15 | $10,603 | $ | $ |
Aug 15 | $9,859 | $ | $ |
Sep 15 | $9,458 | $ | $ |
Oct 15 | $10,035 | $ | $ |
Nov 15 | $10,341 | $ | $ |
Dec 15 | $9,986 | $ | $ |
Jan 16 | $8,876 | $ | $ |
Feb 16 | $8,492 | $ | $ |
Mar 16 | $9,045 | $ | $ |
Apr 16 | $9,515 | $ | $ |
May 16 | $9,745 | $ | $ |
Jun 16 | $9,021 | $ | $ |
Jul 16 | $9,513 | $ | $ |
Aug 16 | $10,093 | $ | $ |
Sep 16 | $9,857 | $ | $ |
Oct 16 | $10,114 | $ | $ |
Nov 16 | $11,500 | $ | $ |
Dec 16 | $11,971 | $ | $ |
Jan 17 | $12,058 | $ | $ |
Feb 17 | $12,695 | $ | $ |
Mar 17 | $12,331 | $ | $ |
Apr 17 | $12,249 | $ | $ |
May 17 | $12,040 | $ | $ |
Jun 17 | $12,853 | $ | $ |
Jul 17 | $13,057 | $ | $ |
Aug 17 | $12,869 | $ | $ |
Sep 17 | $13,646 | $ | $ |
Oct 17 | $14,064 | $ | $ |
Nov 17 | $14,584 | $ | $ |
Dec 17 | $14,894 | $ | $ |
Jan 18 | $15,955 | $ | $ |
Feb 18 | $15,666 | $ | $ |
Mar 18 | $14,983 | $ | $ |
Apr 18 | $15,009 | $ | $ |
May 18 | $15,107 | $ | $ |
Jun 18 | $14,900 | $ | $ |
Jul 18 | $15,531 | $ | $ |
Aug 18 | $15,863 | $ | $ |
Sep 18 | $15,388 | $ | $ |
Oct 18 | $14,520 | $ | $ |
Nov 18 | $14,838 | $ | $ |
Dec 18 | $13,040 | $ | $ |
Jan 19 | $14,366 | $ | $ |
Feb 19 | $14,924 | $ | $ |
Mar 19 | $14,552 | $ | $ |
Apr 19 | $15,868 | $ | $ |
May 19 | $14,708 | $ | $ |
Jun 19 | $15,694 | $ | $ |
Jul 19 | $16,269 | $ | $ |
Aug 19 | $15,540 | $ | $ |
Sep 19 | $16,037 | $ | $ |
Oct 19 | $16,589 | $ | $ |
Nov 19 | $17,475 | $ | $ |
Dec 19 | $17,953 | $ | $ |
Jan 20 | $17,631 | $ | $ |
Feb 20 | $15,638 | $ | $ |
Mar 20 | $12,212 | $ | $ |
Apr 20 | $13,733 | $ | $ |
May 20 | $14,311 | $ | $ |
Jun 20 | $14,265 | $ | $ |
Jul 20 | $14,488 | $ | $ |
Aug 20 | $15,340 | $ | $ |
Sep 20 | $14,646 | $ | $ |
Oct 20 | $14,348 | $ | $ |
Nov 20 | $16,891 | $ | $ |
Dec 20 | $18,113 | $ | $ |
Jan 21 | $17,562 | $ | $ |
Feb 21 | $19,788 | $ | $ |
Mar 21 | $20,717 | $ | $ |
Apr 21 | $22,130 | $ | $ |
May 21 | $22,809 | $ | $ |
Jun 21 | $22,473 | $ | $ |
Jul 21 | $22,615 | $ | $ |
Aug 21 | $23,229 | $ | $ |
Sep 21 | $22,921 | $ | $ |
Oct 21 | $24,329 | $ | $ |
Nov 21 | $22,897 | $ | $ |
Dec 21 | $23,609 | $ | $ |
Jan 22 | $23,603 | $ | $ |
Feb 22 | $22,889 | $ | $ |
Mar 22 | $22,143 | $ | $ |
Apr 22 | $20,012 | $ | $ |
May 22 | $20,703 | $ | $ |
Jun 22 | $18,277 | $ | $ |
Jul 22 | $19,940 | $ | $ |
Aug 22 | $19,374 | $ | $ |
Sep 22 | $17,519 | $ | $ |
Oct 22 | $19,718 | $ | $ |
Nov 22 | $21,020 | $ | $ |
Dec 22 | $19,659 | $ | $ |
Jan 23 | $21,600 | $ | $ |
Feb 23 | $21,048 | $ | $ |
Mar 23 | $18,974 | $ | $ |
Apr 23 | $19,354 | $ | $ |
May 23 | $18,658 | $ | $ |
Jun 23 | $19,917 | $ | $ |
Jul 23 | $21,237 | $ | $ |
Aug 23 | $20,368 | $ | $ |
Sep 23 | $19,594 | $ | $ |
Oct 23 | $18,890 | $ | $ |
Nov 23 | $21,204 | $ | $ |
Dec 23 | $22,797 | $ | $ |
Jan 24 | $23,245 | $ | $ |
Feb 24 | $24,324 | $ | $ |
Mar 24 | $25,435 | $ | $ |
Apr 24 | $24,340 | $ | $ |
May 24 | $25,202 | $ | $ |
Jun 24 | $25,062 | $ | $ |
Jul 24 | $26,726 | $ | $ |
Aug 24 | $27,598 | $ | $ |
Sep 24 | $27,399 | $ | $ |
Oct 24 | $28,429 | $ | $ |
Nov 24 | $31,737 | $ | $ |
Dec 24 | $30,080 | $ | $ |
Jan 25 | $32,386 | $ | $ |
Feb 25 | $32,356 | $ | $ |
Mar 25 | $30,493 | $ | $ |
Apr 25 | $30,163 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the S&P Total Market Index in response to new regulatory requirements.
What did the Fund invest in?
(as of April 30, 2025)
Industry allocation
Industry | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Financial Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Banks........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Berkshire Hathaway, Inc., Class B........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
JPMorgan Chase & Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Visa, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Mastercard, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Bank of America Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Wells Fargo & Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Goldman Sachs Group, Inc. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
S&P Global, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
American Express Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Morgan Stanley........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
⁽ᵃ⁾ Excludes money market funds.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by S&P Dow Jones Indices LLC and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares U.S. Financials ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned 22.98%.
For the same period, the Russell 3000® Index returned 11.40% and the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index returned 23.44%.
What contributed to performance?
Financials stocks registered strong performance during the reporting period, significantly contributing to the Fund’s return. Overall, these firms were supported by robust earnings, growing trading volumes, and the prospects of a loosening regulatory regime under the new presidential administration. Within the financial services segment, a multinational conglomerate holding company was supported by its long-term, value-oriented investment strategy, which focuses on well-run businesses and quality investments. The capital markets space, which includes asset management and custody banks, investment banking and brokerage, and financial exchanges and data, was further supported by increased trading activity and solid investment banking revenues. Banks exhibited robust earnings, witnessing increases in advisory fees and deal-making revenues. Insurance companies also contributed, as property and casualty firms experienced a surge in premium growth and a favorable underwriting environment.
What detracted from performance?
There were no significant detractors from the Fund’s return during the reporting period.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $10,180 | $ | $ |
Jun 15 | $10,137 | $ | $ |
Jul 15 | $10,483 | $ | $ |
Aug 15 | $9,793 | $ | $ |
Sep 15 | $9,547 | $ | $ |
Oct 15 | $10,134 | $ | $ |
Nov 15 | $10,319 | $ | $ |
Dec 15 | $10,082 | $ | $ |
Jan 16 | $9,256 | $ | $ |
Feb 16 | $9,024 | $ | $ |
Mar 16 | $9,693 | $ | $ |
Apr 16 | $9,959 | $ | $ |
May 16 | $10,179 | $ | $ |
Jun 16 | $9,890 | $ | $ |
Jul 16 | $10,268 | $ | $ |
Aug 16 | $10,601 | $ | $ |
Sep 16 | $10,401 | $ | $ |
Oct 16 | $10,428 | $ | $ |
Nov 16 | $11,344 | $ | $ |
Dec 16 | $11,778 | $ | $ |
Jan 17 | $11,845 | $ | $ |
Feb 17 | $12,414 | $ | $ |
Mar 17 | $12,132 | $ | $ |
Apr 17 | $12,102 | $ | $ |
May 17 | $12,016 | $ | $ |
Jun 17 | $12,583 | $ | $ |
Jul 17 | $12,817 | $ | $ |
Aug 17 | $12,695 | $ | $ |
Sep 17 | $13,173 | $ | $ |
Oct 17 | $13,478 | $ | $ |
Nov 17 | $13,909 | $ | $ |
Dec 17 | $14,080 | $ | $ |
Jan 18 | $14,723 | $ | $ |
Feb 18 | $14,259 | $ | $ |
Mar 18 | $13,947 | $ | $ |
Apr 18 | $13,942 | $ | $ |
May 18 | $14,016 | $ | $ |
Jun 18 | $13,944 | $ | $ |
Jul 18 | $14,489 | $ | $ |
Aug 18 | $14,804 | $ | $ |
Sep 18 | $14,511 | $ | $ |
Oct 18 | $13,776 | $ | $ |
Nov 18 | $14,218 | $ | $ |
Dec 18 | $12,777 | $ | $ |
Jan 19 | $13,955 | $ | $ |
Feb 19 | $14,349 | $ | $ |
Mar 19 | $14,257 | $ | $ |
Apr 19 | $15,199 | $ | $ |
May 19 | $14,437 | $ | $ |
Jun 19 | $15,229 | $ | $ |
Jul 19 | $15,586 | $ | $ |
Aug 19 | $15,222 | $ | $ |
Sep 19 | $15,667 | $ | $ |
Oct 19 | $15,961 | $ | $ |
Nov 19 | $16,515 | $ | $ |
Dec 19 | $16,861 | $ | $ |
Jan 20 | $16,744 | $ | $ |
Feb 20 | $15,077 | $ | $ |
Mar 20 | $11,979 | $ | $ |
Apr 20 | $13,152 | $ | $ |
May 20 | $13,590 | $ | $ |
Jun 20 | $13,634 | $ | $ |
Jul 20 | $14,075 | $ | $ |
Aug 20 | $14,663 | $ | $ |
Sep 20 | $14,117 | $ | $ |
Oct 20 | $13,819 | $ | $ |
Nov 20 | $15,828 | $ | $ |
Dec 20 | $16,694 | $ | $ |
Jan 21 | $16,294 | $ | $ |
Feb 21 | $17,830 | $ | $ |
Mar 21 | $18,743 | $ | $ |
Apr 21 | $20,096 | $ | $ |
May 21 | $20,660 | $ | $ |
Jun 21 | $20,371 | $ | $ |
Jul 21 | $20,660 | $ | $ |
Aug 21 | $21,283 | $ | $ |
Sep 21 | $20,825 | $ | $ |
Oct 21 | $22,521 | $ | $ |
Nov 21 | $21,335 | $ | $ |
Dec 21 | $21,946 | $ | $ |
Jan 22 | $21,857 | $ | $ |
Feb 22 | $21,483 | $ | $ |
Mar 22 | $21,471 | $ | $ |
Apr 22 | $19,271 | $ | $ |
May 22 | $19,934 | $ | $ |
Jun 22 | $17,849 | $ | $ |
Jul 22 | $19,143 | $ | $ |
Aug 22 | $18,794 | $ | $ |
Sep 22 | $17,314 | $ | $ |
Oct 22 | $19,359 | $ | $ |
Nov 22 | $20,615 | $ | $ |
Dec 22 | $19,465 | $ | $ |
Jan 23 | $20,882 | $ | $ |
Feb 23 | $20,414 | $ | $ |
Mar 23 | $18,458 | $ | $ |
Apr 23 | $18,959 | $ | $ |
May 23 | $18,202 | $ | $ |
Jun 23 | $19,417 | $ | $ |
Jul 23 | $20,653 | $ | $ |
Aug 23 | $19,997 | $ | $ |
Sep 23 | $19,534 | $ | $ |
Oct 23 | $18,977 | $ | $ |
Nov 23 | $21,108 | $ | $ |
Dec 23 | $22,430 | $ | $ |
Jan 24 | $22,882 | $ | $ |
Feb 24 | $23,926 | $ | $ |
Mar 24 | $25,239 | $ | $ |
Apr 24 | $24,044 | $ | $ |
May 24 | $25,106 | $ | $ |
Jun 24 | $25,018 | $ | $ |
Jul 24 | $26,773 | $ | $ |
Aug 24 | $27,775 | $ | $ |
Sep 24 | $27,573 | $ | $ |
Oct 24 | $28,349 | $ | $ |
Nov 24 | $31,544 | $ | $ |
Dec 24 | $29,468 | $ | $ |
Jan 25 | $31,466 | $ | $ |
Feb 25 | $31,562 | $ | $ |
Mar 25 | $30,169 | $ | $ |
Apr 25 | $29,568 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the Russell 3000® Index in response to new regulatory requirements.
The performance of the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index in this report reflects the performance of the Dow Jones U.S. Financials Index through June 23, 2019, the performance of Dow Jones U.S. Financials Capped (TR) IndexTM beginning on June 24, 2019 through September 19, 2021 and, beginning on September 20, 2021, the performance of the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index.
What did the Fund invest in?
(as of April 30, 2025)
Industry allocation
Industry | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Financial Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Banks........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Insurance........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Commercial & Professional Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Berkshire Hathaway, Inc., Class B........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
JPMorgan Chase & Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Bank of America Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Wells Fargo & Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Goldman Sachs Group, Inc. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Progressive Corp. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
S&P Global, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
BlackRock, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Charles Schwab Corp. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Morgan Stanley........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
⁽ᵃ⁾ Excludes money market funds.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by FTSE Russell or S&P Dow Jones Indices LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares U.S. Healthcare ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned 0.87%.
For the same period, the Russell 3000® Index returned 11.40% and the Russell 1000 Health Care RIC 22.5/45 Capped Index returned 1.24%.
What contributed to performance?
Healthcare equipment companies contributed to the Fund’s return during the reporting period. Performance was driven by increased demand for medical devices due to a rising prevalence of chronic conditions and an aging population, which require ongoing medical management. Additionally, these firms have benefited from the development of new and improved technologies, including continuous glucose monitors, robotic surgery technology, and wireless heart rhythm implants, which can improve patient outcomes and reduce healthcare costs.
What detracted from performance?
During the reporting period, managed healthcare care companies were the largest detractors from the Fund’s return amid higher-than-expected medical costs and growing policy and political uncertainty. The end of pandemic mass eligibility for Medicaid (the primary program providing comprehensive coverage of health and long-term care to low-income people in the United States) resulted in millions of disenrollments, leading to membership declines, which negatively impacted these firms. Insurers that offer Medicare Advantage (a type of Medicare-approved health plan offered by private companies) were pressured by increased healthcare utilization and associated costs, reduced government reimbursement rates and political uncertainty, also weighed on the segment. Ongoing discussions and implementation of drug pricing reforms, alongside the potential for further healthcare regulations under the new administration, created unease among investors.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $10,492 | $ | $ |
Jun 15 | $10,492 | $ | $ |
Jul 15 | $10,781 | $ | $ |
Aug 15 | $9,933 | $ | $ |
Sep 15 | $9,289 | $ | $ |
Oct 15 | $9,948 | $ | $ |
Nov 15 | $9,938 | $ | $ |
Dec 15 | $10,072 | $ | $ |
Jan 16 | $9,212 | $ | $ |
Feb 16 | $9,179 | $ | $ |
Mar 16 | $9,456 | $ | $ |
Apr 16 | $9,736 | $ | $ |
May 16 | $9,957 | $ | $ |
Jun 16 | $10,016 | $ | $ |
Jul 16 | $10,538 | $ | $ |
Aug 16 | $10,189 | $ | $ |
Sep 16 | $10,180 | $ | $ |
Oct 16 | $9,511 | $ | $ |
Nov 16 | $9,731 | $ | $ |
Dec 16 | $9,789 | $ | $ |
Jan 17 | $10,031 | $ | $ |
Feb 17 | $10,674 | $ | $ |
Mar 17 | $10,613 | $ | $ |
Apr 17 | $10,813 | $ | $ |
May 17 | $10,837 | $ | $ |
Jun 17 | $11,361 | $ | $ |
Jul 17 | $11,431 | $ | $ |
Aug 17 | $11,679 | $ | $ |
Sep 17 | $11,786 | $ | $ |
Oct 17 | $11,704 | $ | $ |
Nov 17 | $12,060 | $ | $ |
Dec 17 | $11,972 | $ | $ |
Jan 18 | $12,769 | $ | $ |
Feb 18 | $12,212 | $ | $ |
Mar 18 | $11,881 | $ | $ |
Apr 18 | $11,995 | $ | $ |
May 18 | $12,118 | $ | $ |
Jun 18 | $12,316 | $ | $ |
Jul 18 | $13,114 | $ | $ |
Aug 18 | $13,715 | $ | $ |
Sep 18 | $14,069 | $ | $ |
Oct 18 | $13,054 | $ | $ |
Nov 18 | $13,920 | $ | $ |
Dec 18 | $12,675 | $ | $ |
Jan 19 | $13,379 | $ | $ |
Feb 19 | $13,556 | $ | $ |
Mar 19 | $13,621 | $ | $ |
Apr 19 | $13,226 | $ | $ |
May 19 | $12,883 | $ | $ |
Jun 19 | $13,765 | $ | $ |
Jul 19 | $13,577 | $ | $ |
Aug 19 | $13,464 | $ | $ |
Sep 19 | $13,377 | $ | $ |
Oct 19 | $14,027 | $ | $ |
Nov 19 | $14,823 | $ | $ |
Dec 19 | $15,313 | $ | $ |
Jan 20 | $14,911 | $ | $ |
Feb 20 | $13,961 | $ | $ |
Mar 20 | $13,366 | $ | $ |
Apr 20 | $15,136 | $ | $ |
May 20 | $15,742 | $ | $ |
Jun 20 | $15,405 | $ | $ |
Jul 20 | $16,220 | $ | $ |
Aug 20 | $16,585 | $ | $ |
Sep 20 | $16,311 | $ | $ |
Oct 20 | $15,756 | $ | $ |
Nov 20 | $17,056 | $ | $ |
Dec 20 | $17,685 | $ | $ |
Jan 21 | $18,071 | $ | $ |
Feb 21 | $17,724 | $ | $ |
Mar 21 | $18,189 | $ | $ |
Apr 21 | $18,981 | $ | $ |
May 21 | $19,212 | $ | $ |
Jun 21 | $19,747 | $ | $ |
Jul 21 | $20,649 | $ | $ |
Aug 21 | $21,162 | $ | $ |
Sep 21 | $20,017 | $ | $ |
Oct 21 | $20,966 | $ | $ |
Nov 21 | $20,226 | $ | $ |
Dec 21 | $21,823 | $ | $ |
Jan 22 | $20,149 | $ | $ |
Feb 22 | $19,942 | $ | $ |
Mar 22 | $21,009 | $ | $ |
Apr 22 | $19,903 | $ | $ |
May 22 | $20,111 | $ | $ |
Jun 22 | $19,635 | $ | $ |
Jul 22 | $20,305 | $ | $ |
Aug 22 | $19,069 | $ | $ |
Sep 22 | $18,521 | $ | $ |
Oct 22 | $20,244 | $ | $ |
Nov 22 | $21,242 | $ | $ |
Dec 22 | $20,868 | $ | $ |
Jan 23 | $20,577 | $ | $ |
Feb 23 | $19,646 | $ | $ |
Mar 23 | $20,141 | $ | $ |
Apr 23 | $20,740 | $ | $ |
May 23 | $19,850 | $ | $ |
Jun 23 | $20,703 | $ | $ |
Jul 23 | $20,864 | $ | $ |
Aug 23 | $20,778 | $ | $ |
Sep 23 | $20,050 | $ | $ |
Oct 23 | $19,300 | $ | $ |
Nov 23 | $20,359 | $ | $ |
Dec 23 | $21,296 | $ | $ |
Jan 24 | $21,884 | $ | $ |
Feb 24 | $22,615 | $ | $ |
Mar 24 | $23,135 | $ | $ |
Apr 24 | $21,952 | $ | $ |
May 24 | $22,467 | $ | $ |
Jun 24 | $22,927 | $ | $ |
Jul 24 | $23,498 | $ | $ |
Aug 24 | $24,834 | $ | $ |
Sep 24 | $24,397 | $ | $ |
Oct 24 | $23,308 | $ | $ |
Nov 24 | $23,315 | $ | $ |
Dec 24 | $21,951 | $ | $ |
Jan 25 | $23,380 | $ | $ |
Feb 25 | $23,524 | $ | $ |
Mar 25 | $23,002 | $ | $ |
Apr 25 | $22,144 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the Russell 3000® Index in response to new regulatory requirements.
The performance of the Russell 1000 Health Care RIC 22.5/45 Capped Index in this report reflects the performance of the Dow Jones U.S. Health Care IndexTM through September 19, 2021 and, beginning on September 20, 2021, the performance of the Russell 1000 Health Care RIC 22.5/45 Capped Index.
What did the Fund invest in?
(as of April 30, 2025)
Industry allocation
Industry | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Pharmaceuticals........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care Equipment & Supplies........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Biotechnology........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care Providers & Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Life Sciences Tools & Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care Technology........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Eli Lilly & Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
UnitedHealth Group, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Johnson & Johnson........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
AbbVie, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Abbott Laboratories........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Merck & Co., Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Intuitive Surgical, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Thermo Fisher Scientific, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Amgen, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Boston Scientific Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
⁽ᵃ⁾ Excludes money market funds.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by FTSE Russell or S&P Dow Jones Indices LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares U.S. Industrials ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned 8.42%.
For the same period, the Russell 3000® Index returned 11.40% and the Russell 1000 Industrials 40 Act 15/22.5 Daily Capped Index returned 8.82%.
What contributed to performance?
During the reporting period, capital goods stocks in the industrials sector contributed to the Fund’s return, benefiting from significant government spending on infrastructure projects. In the aerospace and defense segment, defense stocks were supported by a landscape of geopolitical instability and ongoing conflicts which led to increased defense spending, while aerospace stocks gained amid robust growth and strong demand for engines and maintenance due to a post-pandemic recovery in air travel. Firms that provide professional services, such as human resources and research and consulting appreciated, as they help firms streamline processes and allow data driven decision making. Within the financials sector, companies that provide transaction and payment processing services were supported by strong consumer spending and increased payment volume in digital transactions.
What detracted from performance?
Transportation stocks within the industrials sector detracted from the Fund’s return during the reporting period. Air freight and logistics companies suffered from weakened demand, increased competition, and growing global economic uncertainty over trade tariffs. Among ground transportation stocks, economic uncertainty, potential tariff impacts on shipping routes, and a slowdown in order inflows negatively impacted rail transportation operators. Cargo ground transportation companies were pressured by a weakening freight market, weather disruptions, and a slowdown in manufacturing.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $10,087 | $ | $ |
Jun 15 | $9,846 | $ | $ |
Jul 15 | $9,848 | $ | $ |
Aug 15 | $9,310 | $ | $ |
Sep 15 | $9,050 | $ | $ |
Oct 15 | $9,866 | $ | $ |
Nov 15 | $10,006 | $ | $ |
Dec 15 | $9,693 | $ | $ |
Jan 16 | $9,132 | $ | $ |
Feb 16 | $9,396 | $ | $ |
Mar 16 | $10,135 | $ | $ |
Apr 16 | $10,283 | $ | $ |
May 16 | $10,355 | $ | $ |
Jun 16 | $10,440 | $ | $ |
Jul 16 | $10,785 | $ | $ |
Aug 16 | $10,887 | $ | $ |
Sep 16 | $10,897 | $ | $ |
Oct 16 | $10,642 | $ | $ |
Nov 16 | $11,472 | $ | $ |
Dec 16 | $11,529 | $ | $ |
Jan 17 | $11,747 | $ | $ |
Feb 17 | $12,136 | $ | $ |
Mar 17 | $12,098 | $ | $ |
Apr 17 | $12,353 | $ | $ |
May 17 | $12,526 | $ | $ |
Jun 17 | $12,676 | $ | $ |
Jul 17 | $12,824 | $ | $ |
Aug 17 | $12,890 | $ | $ |
Sep 17 | $13,407 | $ | $ |
Oct 17 | $13,685 | $ | $ |
Nov 17 | $14,116 | $ | $ |
Dec 17 | $14,293 | $ | $ |
Jan 18 | $15,129 | $ | $ |
Feb 18 | $14,477 | $ | $ |
Mar 18 | $14,124 | $ | $ |
Apr 18 | $13,782 | $ | $ |
May 18 | $14,270 | $ | $ |
Jun 18 | $14,026 | $ | $ |
Jul 18 | $14,791 | $ | $ |
Aug 18 | $15,058 | $ | $ |
Sep 18 | $15,297 | $ | $ |
Oct 18 | $13,666 | $ | $ |
Nov 18 | $14,079 | $ | $ |
Dec 18 | $12,636 | $ | $ |
Jan 19 | $14,032 | $ | $ |
Feb 19 | $14,953 | $ | $ |
Mar 19 | $14,978 | $ | $ |
Apr 19 | $15,620 | $ | $ |
May 19 | $14,563 | $ | $ |
Jun 19 | $15,676 | $ | $ |
Jul 19 | $15,817 | $ | $ |
Aug 19 | $15,480 | $ | $ |
Sep 19 | $15,774 | $ | $ |
Oct 19 | $15,926 | $ | $ |
Nov 19 | $16,651 | $ | $ |
Dec 19 | $16,708 | $ | $ |
Jan 20 | $16,628 | $ | $ |
Feb 20 | $15,162 | $ | $ |
Mar 20 | $12,440 | $ | $ |
Apr 20 | $13,813 | $ | $ |
May 20 | $14,795 | $ | $ |
Jun 20 | $15,133 | $ | $ |
Jul 20 | $15,892 | $ | $ |
Aug 20 | $16,983 | $ | $ |
Sep 20 | $16,819 | $ | $ |
Oct 20 | $16,535 | $ | $ |
Nov 20 | $19,139 | $ | $ |
Dec 20 | $19,620 | $ | $ |
Jan 21 | $18,828 | $ | $ |
Feb 21 | $20,090 | $ | $ |
Mar 21 | $21,361 | $ | $ |
Apr 21 | $22,308 | $ | $ |
May 21 | $22,648 | $ | $ |
Jun 21 | $22,518 | $ | $ |
Jul 21 | $22,834 | $ | $ |
Aug 21 | $23,224 | $ | $ |
Sep 21 | $21,768 | $ | $ |
Oct 21 | $22,603 | $ | $ |
Nov 21 | $21,547 | $ | $ |
Dec 21 | $22,941 | $ | $ |
Jan 22 | $21,860 | $ | $ |
Feb 22 | $21,106 | $ | $ |
Mar 22 | $21,501 | $ | $ |
Apr 22 | $19,911 | $ | $ |
May 22 | $19,804 | $ | $ |
Jun 22 | $18,026 | $ | $ |
Jul 22 | $19,995 | $ | $ |
Aug 22 | $19,212 | $ | $ |
Sep 22 | $17,172 | $ | $ |
Oct 22 | $19,319 | $ | $ |
Nov 22 | $20,664 | $ | $ |
Dec 22 | $19,850 | $ | $ |
Jan 23 | $21,032 | $ | $ |
Feb 23 | $20,592 | $ | $ |
Mar 23 | $20,664 | $ | $ |
Apr 23 | $20,572 | $ | $ |
May 23 | $19,921 | $ | $ |
Jun 23 | $21,938 | $ | $ |
Jul 23 | $22,583 | $ | $ |
Aug 23 | $22,237 | $ | $ |
Sep 23 | $20,940 | $ | $ |
Oct 23 | $20,179 | $ | $ |
Nov 23 | $22,212 | $ | $ |
Dec 23 | $23,794 | $ | $ |
Jan 24 | $23,754 | $ | $ |
Feb 24 | $25,239 | $ | $ |
Mar 24 | $26,212 | $ | $ |
Apr 24 | $25,057 | $ | $ |
May 24 | $25,409 | $ | $ |
Jun 24 | $24,974 | $ | $ |
Jul 24 | $26,578 | $ | $ |
Aug 24 | $27,222 | $ | $ |
Sep 24 | $28,019 | $ | $ |
Oct 24 | $27,891 | $ | $ |
Nov 24 | $30,124 | $ | $ |
Dec 24 | $28,040 | $ | $ |
Jan 25 | $29,501 | $ | $ |
Feb 25 | $28,834 | $ | $ |
Mar 25 | $27,420 | $ | $ |
Apr 25 | $27,166 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the Russell 3000® Index in response to new regulatory requirements.
The performance of the Russell 1000 Industrials 40 Act 15/22.5 Daily Capped Index in this report reflects the performance of the Dow Jones U.S. Industrials IndexTM through September 19, 2021 and, beginning on September 20, 2021, the performance of the Russell 1000 Industrials 40 Act 15/22.5 Daily Capped Index.
What did the Fund invest in?
(as of April 30, 2025)
Industry allocation
Industry | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Capital Goods........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Financial Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Transportation........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Materials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Commercial & Professional Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Software & Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Technology Hardware & Equipment........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Pharmaceuticals, Biotechnology & Life Sciences........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Durables & Apparel........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Semiconductors & Semiconductor Equipment........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
OtherFootnote Reference(b)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Visa, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Mastercard, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
General Electric Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Accenture PLC, Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
RTX Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Caterpillar, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
American Express Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Honeywell International, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Boeing Co. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Union Pacific Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
⁽ᵃ⁾ Excludes money market funds.
⁽ᵇ⁾ Ten largest industries are presented. Additional industries are found in Other.
⁽ᶜ⁾Rounds to less than 0.1%.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by FTSE Russell or S&P Dow Jones Indices LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares U.S. Technology ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned 11.95%.
For the same period, the Russell 3000® Index returned 11.40% and the Russell 1000 Technology RIC 22.5/45 Capped Index returned 12.39%.
What contributed to performance?
Within the information technology sector, software and services stocks were the largest contributors to the Fund’s return during the reporting period. Application software and systems software names gained as companies prioritized secure, scalable infrastructure and automation to support data-driven decision-making. This tailwind was further amplified by growing demand for integrated platforms that combine cybersecurity, artificial intelligence (“AI”), and cloud capabilities to address evolving business needs. Specifically, one company’s AI-driven solutions attracted both government and commercial clients, resulting in larger contracts and expanded adoption. Within the technology hardware and equipment segment, an innovative multinational technology company gained due to its consistently strong brand recognition and a robust ecosystem of its products and services. Semiconductor firms were also positive, as firms increased their AI outlays and data center spending.
What detracted from performance?
There were no significant detractors from the Fund’s return during the reporting period.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $10,227 | $ | $ |
Jun 15 | $9,769 | $ | $ |
Jul 15 | $9,981 | $ | $ |
Aug 15 | $9,402 | $ | $ |
Sep 15 | $9,280 | $ | $ |
Oct 15 | $10,238 | $ | $ |
Nov 15 | $10,333 | $ | $ |
Dec 15 | $10,063 | $ | $ |
Jan 16 | $9,502 | $ | $ |
Feb 16 | $9,381 | $ | $ |
Mar 16 | $10,239 | $ | $ |
Apr 16 | $9,655 | $ | $ |
May 16 | $10,210 | $ | $ |
Jun 16 | $9,960 | $ | $ |
Jul 16 | $10,803 | $ | $ |
Aug 16 | $11,034 | $ | $ |
Sep 16 | $11,297 | $ | $ |
Oct 16 | $11,257 | $ | $ |
Nov 16 | $11,289 | $ | $ |
Dec 16 | $11,440 | $ | $ |
Jan 17 | $11,984 | $ | $ |
Feb 17 | $12,579 | $ | $ |
Mar 17 | $12,893 | $ | $ |
Apr 17 | $13,186 | $ | $ |
May 17 | $13,756 | $ | $ |
Jun 17 | $13,364 | $ | $ |
Jul 17 | $13,850 | $ | $ |
Aug 17 | $14,323 | $ | $ |
Sep 17 | $14,374 | $ | $ |
Oct 17 | $15,487 | $ | $ |
Nov 17 | $15,637 | $ | $ |
Dec 17 | $15,625 | $ | $ |
Jan 18 | $16,747 | $ | $ |
Feb 18 | $16,821 | $ | $ |
Mar 18 | $16,196 | $ | $ |
Apr 18 | $16,169 | $ | $ |
May 18 | $17,376 | $ | $ |
Jun 18 | $17,210 | $ | $ |
Jul 18 | $17,602 | $ | $ |
Aug 18 | $18,890 | $ | $ |
Sep 18 | $18,748 | $ | $ |
Oct 18 | $17,168 | $ | $ |
Nov 18 | $16,824 | $ | $ |
Dec 18 | $15,475 | $ | $ |
Jan 19 | $16,872 | $ | $ |
Feb 19 | $17,768 | $ | $ |
Mar 19 | $18,497 | $ | $ |
Apr 19 | $19,741 | $ | $ |
May 19 | $17,854 | $ | $ |
Jun 19 | $19,255 | $ | $ |
Jul 19 | $20,132 | $ | $ |
Aug 19 | $19,552 | $ | $ |
Sep 19 | $19,917 | $ | $ |
Oct 19 | $20,672 | $ | $ |
Nov 19 | $21,808 | $ | $ |
Dec 19 | $22,735 | $ | $ |
Jan 20 | $23,653 | $ | $ |
Feb 20 | $22,052 | $ | $ |
Mar 20 | $20,028 | $ | $ |
Apr 20 | $22,968 | $ | $ |
May 20 | $24,716 | $ | $ |
Jun 20 | $26,467 | $ | $ |
Jul 20 | $28,085 | $ | $ |
Aug 20 | $31,365 | $ | $ |
Sep 20 | $29,602 | $ | $ |
Oct 20 | $28,766 | $ | $ |
Nov 20 | $31,931 | $ | $ |
Dec 20 | $33,539 | $ | $ |
Jan 21 | $33,803 | $ | $ |
Feb 21 | $34,260 | $ | $ |
Mar 21 | $34,561 | $ | $ |
Apr 21 | $36,646 | $ | $ |
May 21 | $36,438 | $ | $ |
Jun 21 | $39,217 | $ | $ |
Jul 21 | $40,704 | $ | $ |
Aug 21 | $42,676 | $ | $ |
Sep 21 | $39,989 | $ | $ |
Oct 21 | $43,573 | $ | $ |
Nov 21 | $44,702 | $ | $ |
Dec 21 | $45,340 | $ | $ |
Jan 22 | $41,634 | $ | $ |
Feb 22 | $39,582 | $ | $ |
Mar 22 | $40,686 | $ | $ |
Apr 22 | $35,417 | $ | $ |
May 22 | $34,911 | $ | $ |
Jun 22 | $31,622 | $ | $ |
Jul 22 | $35,251 | $ | $ |
Aug 22 | $33,147 | $ | $ |
Sep 22 | $29,059 | $ | $ |
Oct 22 | $30,256 | $ | $ |
Nov 22 | $32,276 | $ | $ |
Dec 22 | $29,563 | $ | $ |
Jan 23 | $32,829 | $ | $ |
Feb 23 | $33,062 | $ | $ |
Mar 23 | $36,896 | $ | $ |
Apr 23 | $36,979 | $ | $ |
May 23 | $40,920 | $ | $ |
Jun 23 | $43,309 | $ | $ |
Jul 23 | $45,175 | $ | $ |
Aug 23 | $44,311 | $ | $ |
Sep 23 | $41,761 | $ | $ |
Oct 23 | $41,291 | $ | $ |
Nov 23 | $46,683 | $ | $ |
Dec 23 | $48,926 | $ | $ |
Jan 24 | $50,382 | $ | $ |
Feb 24 | $53,199 | $ | $ |
Mar 24 | $53,899 | $ | $ |
Apr 24 | $51,135 | $ | $ |
May 24 | $55,294 | $ | $ |
Jun 24 | $60,080 | $ | $ |
Jul 24 | $58,377 | $ | $ |
Aug 24 | $58,997 | $ | $ |
Sep 24 | $60,581 | $ | $ |
Oct 24 | $60,227 | $ | $ |
Nov 24 | $63,624 | $ | $ |
Dec 24 | $63,709 | $ | $ |
Jan 25 | $63,831 | $ | $ |
Feb 25 | $61,831 | $ | $ |
Mar 25 | $56,157 | $ | $ |
Apr 25 | $57,243 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the Russell 3000® Index in response to new regulatory requirements.
The performance of the Russell 1000 Technology RIC 22.5/45 Capped Index in this report reflects the performance of the Dow Jones U.S. Technology Total Return Index through June 23, 2019, the performance of the Dow Jones U.S. Technology Capped IndexTM beginning on June 24, 2019 through September 19, 2021 and, beginning on September 20, 2021, the performance of the Russell 1000 Technology RIC 22.5/45 Capped Index.
What did the Fund invest in?
(as of April 30, 2025)
Industry allocation
Industry | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Software........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Semiconductors & Semiconductor Equipment........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Technology Hardware, Storage & Peripherals........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Interactive Media & Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
IT Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Electronic Equipment, Instruments & Components........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Professional Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Hotels, Restaurants & Leisure........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Electrical Equipment........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Financial Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
OtherFootnote Reference(b)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Apple, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Microsoft Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
NVIDIA Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Meta Platforms, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Broadcom, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Alphabet, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Salesforce, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Palantir Technologies, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Oracle Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
International Business Machines Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
⁽ᵃ⁾ Excludes money market funds.
⁽ᵇ⁾ Ten largest industries are presented. Additional industries are found in Other.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by FTSE Russell or S&P Dow Jones Indices LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares U.S. Transportation ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned (4.22)%.
For the same period, the S&P Total Market Index returned 11.25% and the S&P Transportation Select Industry FMC Capped Index returned (3.87)%.
What contributed to performance?
In the transportation sector, passenger ground transportation stocks contributed to the Fund’s return during the reporting period. A global multinational transportation company that offers a wide range of services, including ride-hailing, food delivery, and other mobility solutions, benefited from steady growth in its delivery businesses and strategic partnerships, while innovation has created a more resilient business model. Passenger airline firms were driven by a recovery of business travel, strong passenger demand, and reduced capacity, which has led to improved pricing power and earnings. Additionally, the decline in oil prices has further improved margins by reducing fuel costs for these firms.
What detracted from performance?
U.S. transportation stocks declined during the reporting period as investors grew concerned about the impact of tariffs. Worries increased that tariffs will boost prices and hurt demand for goods, and in turn, reduce volumes carried by freight companies and home package deliverers. Air freight and logistics companies detracted from the Fund’s return, suffering from weakened demand and increased competition. Among ground transportation stocks, economic uncertainty, potential tariff impacts on shipping routes, and a slowdown in order inflows negatively impacted rail transportation operators. Cargo ground transportation companies were pressured by a weakening freight market, weather disruptions, and a slowdown in manufacturing.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $9,686 | $ | $ |
Jun 15 | $9,448 | $ | $ |
Jul 15 | $9,802 | $ | $ |
Aug 15 | $9,193 | $ | $ |
Sep 15 | $9,140 | $ | $ |
Oct 15 | $9,544 | $ | $ |
Nov 15 | $9,528 | $ | $ |
Dec 15 | $8,831 | $ | $ |
Jan 16 | $8,115 | $ | $ |
Feb 16 | $8,655 | $ | $ |
Mar 16 | $9,355 | $ | $ |
Apr 16 | $9,276 | $ | $ |
May 16 | $9,204 | $ | $ |
Jun 16 | $8,849 | $ | $ |
Jul 16 | $9,284 | $ | $ |
Aug 16 | $9,346 | $ | $ |
Sep 16 | $9,599 | $ | $ |
Oct 16 | $9,574 | $ | $ |
Nov 16 | $10,697 | $ | $ |
Dec 16 | $10,779 | $ | $ |
Jan 17 | $10,953 | $ | $ |
Feb 17 | $11,254 | $ | $ |
Mar 17 | $10,894 | $ | $ |
Apr 17 | $10,882 | $ | $ |
May 17 | $10,992 | $ | $ |
Jun 17 | $11,470 | $ | $ |
Jul 17 | $11,009 | $ | $ |
Aug 17 | $11,194 | $ | $ |
Sep 17 | $11,910 | $ | $ |
Oct 17 | $11,732 | $ | $ |
Nov 17 | $12,383 | $ | $ |
Dec 17 | $12,819 | $ | $ |
Jan 18 | $13,234 | $ | $ |
Feb 18 | $12,551 | $ | $ |
Mar 18 | $12,560 | $ | $ |
Apr 18 | $12,610 | $ | $ |
May 18 | $13,037 | $ | $ |
Jun 18 | $12,544 | $ | $ |
Jul 18 | $13,427 | $ | $ |
Aug 18 | $13,726 | $ | $ |
Sep 18 | $13,814 | $ | $ |
Oct 18 | $12,374 | $ | $ |
Nov 18 | $13,182 | $ | $ |
Dec 18 | $11,175 | $ | $ |
Jan 19 | $12,251 | $ | $ |
Feb 19 | $12,788 | $ | $ |
Mar 19 | $12,720 | $ | $ |
Apr 19 | $13,256 | $ | $ |
May 19 | $11,936 | $ | $ |
Jun 19 | $12,830 | $ | $ |
Jul 19 | $13,123 | $ | $ |
Aug 19 | $12,444 | $ | $ |
Sep 19 | $12,741 | $ | $ |
Oct 19 | $12,913 | $ | $ |
Nov 19 | $13,366 | $ | $ |
Dec 19 | $13,428 | $ | $ |
Jan 20 | $13,012 | $ | $ |
Feb 20 | $11,594 | $ | $ |
Mar 20 | $9,556 | $ | $ |
Apr 20 | $10,350 | $ | $ |
May 20 | $11,002 | $ | $ |
Jun 20 | $11,259 | $ | $ |
Jul 20 | $12,263 | $ | $ |
Aug 20 | $13,733 | $ | $ |
Sep 20 | $13,794 | $ | $ |
Oct 20 | $13,646 | $ | $ |
Nov 20 | $15,263 | $ | $ |
Dec 20 | $15,340 | $ | $ |
Jan 21 | $14,820 | $ | $ |
Feb 21 | $16,332 | $ | $ |
Mar 21 | $17,931 | $ | $ |
Apr 21 | $18,801 | $ | $ |
May 21 | $19,197 | $ | $ |
Jun 21 | $18,143 | $ | $ |
Jul 21 | $17,496 | $ | $ |
Aug 21 | $17,661 | $ | $ |
Sep 21 | $17,008 | $ | $ |
Oct 21 | $18,939 | $ | $ |
Nov 21 | $18,210 | $ | $ |
Dec 21 | $19,381 | $ | $ |
Jan 22 | $18,103 | $ | $ |
Feb 22 | $18,187 | $ | $ |
Mar 22 | $18,966 | $ | $ |
Apr 22 | $17,074 | $ | $ |
May 22 | $16,366 | $ | $ |
Jun 22 | $15,007 | $ | $ |
Jul 22 | $16,417 | $ | $ |
Aug 22 | $16,102 | $ | $ |
Sep 22 | $13,909 | $ | $ |
Oct 22 | $15,028 | $ | $ |
Nov 22 | $16,507 | $ | $ |
Dec 22 | $15,174 | $ | $ |
Jan 23 | $16,496 | $ | $ |
Feb 23 | $16,451 | $ | $ |
Mar 23 | $16,249 | $ | $ |
Apr 23 | $15,848 | $ | $ |
May 23 | $15,907 | $ | $ |
Jun 23 | $17,864 | $ | $ |
Jul 23 | $19,097 | $ | $ |
Aug 23 | $17,864 | $ | $ |
Sep 23 | $16,778 | $ | $ |
Oct 23 | $15,638 | $ | $ |
Nov 23 | $17,556 | $ | $ |
Dec 23 | $18,896 | $ | $ |
Jan 24 | $18,598 | $ | $ |
Feb 24 | $20,264 | $ | $ |
Mar 24 | $20,339 | $ | $ |
Apr 24 | $18,579 | $ | $ |
May 24 | $18,536 | $ | $ |
Jun 24 | $18,957 | $ | $ |
Jul 24 | $19,111 | $ | $ |
Aug 24 | $19,488 | $ | $ |
Sep 24 | $20,018 | $ | $ |
Oct 24 | $20,130 | $ | $ |
Nov 24 | $21,709 | $ | $ |
Dec 24 | $19,674 | $ | $ |
Jan 25 | $20,430 | $ | $ |
Feb 25 | $20,334 | $ | $ |
Mar 25 | $18,704 | $ | $ |
Apr 25 | $17,795 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | ( | ||
( |
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the S&P Total Market Index in response to new regulatory requirements.
The performance of the S&P Transportation Select Industry FMC Capped Index in this report reflects the performance of the Dow Jones Transportation Average IndexTM through July 18, 2021 and, beginning on July 19, 2021, the performance of the S&P Transportation Select Industry FMC Capped Index.
What did the Fund invest in?
(as of April 30, 2025)
Industry allocation
Industry | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Ground Transportation........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Air Freight & Logistics........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Passenger Airlines........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Marine Transportation........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Uber Technologies, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Union Pacific Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
United Parcel Service, Inc., Class B........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Norfolk Southern Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
CSX Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Old Dominion Freight Line, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Delta Air Lines, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
United Airlines Holdings, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
FedEx Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Southwest Airlines Co......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
⁽ᵃ⁾ Excludes money market funds.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by S&P Dow Jones Indices LLC and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares U.S. Utilities ETF | $ |
How did the Fund perform last year?
For the reporting period ended April 30, 2025, the Fund returned 21.65%.
For the same period, the Russell 3000® Index returned 11.40% and the Russell 1000 Utilities RIC 22.5/45 Capped Index returned 22.14%.
What contributed to performance?
Utilities stocks experienced strong performance during the reporting period, driven primarily by a substantial rise in electricity demand. This increase in power consumption was largely fueled by the rapid expansion of data centers and the accelerated adoption of artificial intelligence (“AI”) technologies, both of which require significant computational power and energy. As AI workloads and data-intensive processes grew, electric utilities stocks were the largest contributors to the Fund’s return. The convergence of AI, cloud computing, and data increased the load on energy grids, creating tailwinds for companies that generate, transmit, and distribute electricity. Additionally, firms within the multi-utilities subsector, which offer a combination of electric, gas, and sometimes water services, also gained. These companies benefited from increased electricity consumption tied to the rapid expansion of data centers, which require reliable and scalable energy infrastructure to operate efficiently. Among independent power producers and energy traders, an integrated retail electricity and power generation company benefited from its portfolio of nuclear and natural gas power plants, which are seen as efficient and reliable sources of power for data centers.
What detracted from performance?
There were no significant detractors from the Fund’s return during the reporting period.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: May 1, 2015 through April 30, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Apr 15 | $10,000 | $ | $ |
May 15 | $10,040 | $ | $ |
Jun 15 | $9,422 | $ | $ |
Jul 15 | $9,962 | $ | $ |
Aug 15 | $9,614 | $ | $ |
Sep 15 | $9,891 | $ | $ |
Oct 15 | $10,059 | $ | $ |
Nov 15 | $9,860 | $ | $ |
Dec 15 | $10,046 | $ | $ |
Jan 16 | $10,535 | $ | $ |
Feb 16 | $10,726 | $ | $ |
Mar 16 | $11,604 | $ | $ |
Apr 16 | $11,361 | $ | $ |
May 16 | $11,535 | $ | $ |
Jun 16 | $12,400 | $ | $ |
Jul 16 | $12,289 | $ | $ |
Aug 16 | $11,610 | $ | $ |
Sep 16 | $11,662 | $ | $ |
Oct 16 | $11,751 | $ | $ |
Nov 16 | $11,183 | $ | $ |
Dec 16 | $11,705 | $ | $ |
Jan 17 | $11,853 | $ | $ |
Feb 17 | $12,440 | $ | $ |
Mar 17 | $12,428 | $ | $ |
Apr 17 | $12,516 | $ | $ |
May 17 | $13,019 | $ | $ |
Jun 17 | $12,685 | $ | $ |
Jul 17 | $13,006 | $ | $ |
Aug 17 | $13,407 | $ | $ |
Sep 17 | $13,055 | $ | $ |
Oct 17 | $13,563 | $ | $ |
Nov 17 | $13,941 | $ | $ |
Dec 17 | $13,105 | $ | $ |
Jan 18 | $12,684 | $ | $ |
Feb 18 | $12,176 | $ | $ |
Mar 18 | $12,662 | $ | $ |
Apr 18 | $12,965 | $ | $ |
May 18 | $12,896 | $ | $ |
Jun 18 | $13,212 | $ | $ |
Jul 18 | $13,444 | $ | $ |
Aug 18 | $13,587 | $ | $ |
Sep 18 | $13,529 | $ | $ |
Oct 18 | $13,692 | $ | $ |
Nov 18 | $14,211 | $ | $ |
Dec 18 | $13,618 | $ | $ |
Jan 19 | $14,109 | $ | $ |
Feb 19 | $14,653 | $ | $ |
Mar 19 | $15,069 | $ | $ |
Apr 19 | $15,206 | $ | $ |
May 19 | $15,054 | $ | $ |
Jun 19 | $15,546 | $ | $ |
Jul 19 | $15,492 | $ | $ |
Aug 19 | $16,235 | $ | $ |
Sep 19 | $16,895 | $ | $ |
Oct 19 | $16,748 | $ | $ |
Nov 19 | $16,403 | $ | $ |
Dec 19 | $16,935 | $ | $ |
Jan 20 | $17,969 | $ | $ |
Feb 20 | $16,143 | $ | $ |
Mar 20 | $14,526 | $ | $ |
Apr 20 | $14,995 | $ | $ |
May 20 | $15,619 | $ | $ |
Jun 20 | $14,870 | $ | $ |
Jul 20 | $15,949 | $ | $ |
Aug 20 | $15,538 | $ | $ |
Sep 20 | $15,612 | $ | $ |
Oct 20 | $16,352 | $ | $ |
Nov 20 | $16,624 | $ | $ |
Dec 20 | $16,754 | $ | $ |
Jan 21 | $16,560 | $ | $ |
Feb 21 | $15,624 | $ | $ |
Mar 21 | $17,261 | $ | $ |
Apr 21 | $17,942 | $ | $ |
May 21 | $17,512 | $ | $ |
Jun 21 | $17,161 | $ | $ |
Jul 21 | $17,821 | $ | $ |
Aug 21 | $18,473 | $ | $ |
Sep 21 | $17,362 | $ | $ |
Oct 21 | $18,308 | $ | $ |
Nov 21 | $17,978 | $ | $ |
Dec 21 | $19,563 | $ | $ |
Jan 22 | $18,806 | $ | $ |
Feb 22 | $18,393 | $ | $ |
Mar 22 | $20,232 | $ | $ |
Apr 22 | $19,471 | $ | $ |
May 22 | $20,193 | $ | $ |
Jun 22 | $19,142 | $ | $ |
Jul 22 | $20,295 | $ | $ |
Aug 22 | $20,439 | $ | $ |
Sep 22 | $18,234 | $ | $ |
Oct 22 | $18,569 | $ | $ |
Nov 22 | $19,873 | $ | $ |
Dec 22 | $19,606 | $ | $ |
Jan 23 | $19,263 | $ | $ |
Feb 23 | $18,189 | $ | $ |
Mar 23 | $19,091 | $ | $ |
Apr 23 | $19,442 | $ | $ |
May 23 | $18,348 | $ | $ |
Jun 23 | $18,760 | $ | $ |
Jul 23 | $19,098 | $ | $ |
Aug 23 | $17,943 | $ | $ |
Sep 23 | $17,006 | $ | $ |
Oct 23 | $17,250 | $ | $ |
Nov 23 | $18,171 | $ | $ |
Dec 23 | $18,616 | $ | $ |
Jan 24 | $18,156 | $ | $ |
Feb 24 | $18,589 | $ | $ |
Mar 24 | $19,827 | $ | $ |
Apr 24 | $20,060 | $ | $ |
May 24 | $21,695 | $ | $ |
Jun 24 | $20,691 | $ | $ |
Jul 24 | $21,863 | $ | $ |
Aug 24 | $22,900 | $ | $ |
Sep 24 | $24,165 | $ | $ |
Oct 24 | $23,966 | $ | $ |
Nov 24 | $24,991 | $ | $ |
Dec 24 | $22,942 | $ | $ |
Jan 25 | $23,734 | $ | $ |
Feb 25 | $24,267 | $ | $ |
Mar 25 | $24,325 | $ | $ |
Apr 25 | $24,404 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The Fund has added the Russell 3000® Index in response to new regulatory requirements.
The performance of the Russell 1000 Utilities RIC 22.5/45 Capped Index in this report reflects the performance of the Dow Jones Utilities IndexTM through September 19, 2021 and, beginning on September 20, 2021, the performance of the Russell 1000 Utilities RIC 22.5/45 Capped Index.
What did the Fund invest in?
(as of April 30, 2025)
Industry allocation
Industry | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Electric Utilities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Multi-Utilities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Commercial Services & Supplies........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Independent Power and Renewable Electricity Producers........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Gas Utilities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Water Utilities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Ten largest holdings
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
NextEra Energy, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Southern Co. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Duke Energy Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Waste Management, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Constellation Energy Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
American Electric Power Co., Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Republic Services, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Sempra........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Exelon Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Dominion Energy, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
⁽ᵃ⁾ Excludes money market funds.
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by FTSE Russell or S&P Dow Jones Indices LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.
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