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        <name>Circle Internet Group Inc</name>
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        <name>Nu Holdings Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LINCOLN NATIONAL CORPORATION</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIRST HAWAIIAN, INC.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KEMPER CORPORATION</name>
        <lei>549300FNI1JKTRY2PV09</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HUNTINGTON BANCSHARES INCORPORATED</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CBOE GLOBAL MARKETS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>REGIONS FINANCIAL CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASSURANT, INC.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FREEDOM HOLDING CORP.</name>
        <lei>254900RKI81EPUJ3RW71</lei>
        <title>FREEDOM HOLDING CORP NV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CME GROUP INC.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIFTH THIRD BANCORP</name>
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        <title>FIFTH THIRD BANCORP</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMERICAN INTERNATIONAL GROUP, INC.</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASSURED GUARANTY LTD.</name>
        <lei>549300BBOQUJEPH87M14</lei>
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        <name>NORTHERN TRUST CORPORATION</name>
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        <name>CITIGROUP INC.</name>
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        <name>ANNALY CAPITAL MANAGEMENT, INC.</name>
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        <name>The Travelers Companies, Inc.</name>
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        <name>FIRST AMERICAN FINANCIAL CORPORATION</name>
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        <name>BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares</name>
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        <name>ARCH CAPITAL GROUP LTD.</name>
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        <name>COMMERCE BANCSHARES, INC.</name>
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        <title>COMMERCE BANCSHARES INC MO</title>
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        <name>PROSPERITY BANCSHARES, INC.</name>
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        <name>Truist Financial Corporation</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TRUIST FINANCIAL CORP</title>
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        <name>FRANKLIN RESOURCES, INC.</name>
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        <name>ARES MANAGEMENT CORPORATION</name>
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        <name>LAZARD, INC.</name>
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        <name>BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares</name>
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        <name>MGIC INVESTMENT CORPORATION</name>
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        <name>THE CHARLES SCHWAB CORPORATION</name>
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        <name>RITHM CAPITAL CORP.</name>
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        <name>BROOKFIELD ASSET MANAGEMENT LTD.</name>
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        <name>HOULIHAN LOKEY, INC.</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSCI INC.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI INC</title>
        <cusip>55354G100</cusip>
        <identifiers>
          <isin value="US55354G1004"/>
          <other otherDesc="Internal" value="55354G100"/>
        </identifiers>
        <balance>47692.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29054920.24000000</valUSD>
        <pctVal>0.688355466377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M&amp;T BANK CORPORATION</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M T BANK CORP</title>
        <cusip>55261F104</cusip>
        <identifiers>
          <isin value="US55261F1049"/>
          <other otherDesc="Internal" value="55261F104"/>
        </identifiers>
        <balance>100929.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22362838.53000000</valUSD>
        <pctVal>0.529809822869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIZENS FINANCIAL GROUP, INC.</name>
        <lei>N/A</lei>
        <title>CITIZENS FINANCIAL GROUP</title>
        <cusip>174610105</cusip>
        <identifiers>
          <isin value="US1746101054"/>
          <other otherDesc="Internal" value="174610105"/>
        </identifiers>
        <balance>282188.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17772200.24000000</valUSD>
        <pctVal>0.421050585708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZIONS BANCORPORATION, NATIONAL ASSOCIATION</name>
        <lei>8WH0EE09O9V05QJZ3V89</lei>
        <title>ZIONS BANCORP</title>
        <cusip>989701107</cusip>
        <identifiers>
          <isin value="US9897011071"/>
          <other otherDesc="Internal" value="989701107"/>
        </identifiers>
        <balance>94587.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5666707.17000000</valUSD>
        <pctVal>0.134252953531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S&amp;P GLOBAL INC.</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S P GLOBAL INC</title>
        <cusip>78409V104</cusip>
        <identifiers>
          <isin value="US78409V1044"/>
          <other otherDesc="Internal" value="78409V104"/>
        </identifiers>
        <balance>198558.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104796926.82000000</valUSD>
        <pctVal>2.482799362043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRINCIPAL FINANCIAL GROUP, INC.</name>
        <lei>CUMYEZJOAF02RYZ1JJ85</lei>
        <title>PRINCIPAL FINANCIAL GROUP INC</title>
        <cusip>74251V102</cusip>
        <identifiers>
          <isin value="US74251V1026"/>
          <other otherDesc="Internal" value="74251V102"/>
        </identifiers>
        <balance>143342.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13577354.24000000</valUSD>
        <pctVal>0.321668272803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEI INVESTMENTS COMPANY</name>
        <lei>5LJTIFADGZ6XH1RVOC11</lei>
        <title>SEI INVESTMENTS COMPANY</title>
        <cusip>784117103</cusip>
        <identifiers>
          <isin value="US7841171033"/>
          <other otherDesc="Internal" value="784117103"/>
        </identifiers>
        <balance>67390.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5920211.50000000</valUSD>
        <pctVal>0.140258858550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDIT ACCEPTANCE CORPORATION</name>
        <lei>N/A</lei>
        <title>CREDIT ACCEPTANCE CORPORATION</title>
        <cusip>225310101</cusip>
        <identifiers>
          <isin value="US2253101016"/>
          <other otherDesc="Internal" value="225310101"/>
        </identifiers>
        <balance>3095.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1542052.80000000</valUSD>
        <pctVal>0.036533587618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1028367.36000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Willis Towers Watson Public Limited Company</name>
        <lei>549300WHC56FF48KL350</lei>
        <title>WILLIS TOWERS WATSON PLC</title>
        <cusip>G96629103</cusip>
        <identifiers>
          <isin value="IE00BDB6Q211"/>
          <other otherDesc="Internal" value="G96629103"/>
        </identifiers>
        <balance>62689.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19901876.83000000</valUSD>
        <pctVal>0.471505879002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AGNC INVESTMENT CORP.</name>
        <lei>5TRACI5HRMELWV32OF39</lei>
        <title>AGNC INVESTMENT CORP</title>
        <cusip>00123Q104</cusip>
        <identifiers>
          <isin value="US00123Q1040"/>
          <other otherDesc="Internal" value="00123Q104"/>
        </identifiers>
        <balance>704210.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8027994.00000000</valUSD>
        <pctVal>0.190195447390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLACKSTONE INC.</name>
        <lei>5299004LW4QWGZUB8Y96</lei>
        <title>BLACKSTONE INC</title>
        <cusip>09260D107</cusip>
        <identifiers>
          <isin value="US09260D1072"/>
          <other otherDesc="Internal" value="09260D107"/>
        </identifiers>
        <balance>485826.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>69191338.92000000</valUSD>
        <pctVal>1.639248567132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Markel Group Inc.</name>
        <lei>549300SCNO12JLWIK605</lei>
        <title>MARKEL GROUP INC</title>
        <cusip>570535104</cusip>
        <identifiers>
          <isin value="US5705351048"/>
          <other otherDesc="Internal" value="570535104"/>
        </identifiers>
        <balance>8156.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16643459.84000000</valUSD>
        <pctVal>0.394309000529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CINCINNATI FINANCIAL CORPORATION</name>
        <lei>254900Q4WEDMZBOZ0002</lei>
        <title>CINCINNATI FINANCIAL CORP</title>
        <cusip>172062101</cusip>
        <identifiers>
          <isin value="US1720621010"/>
          <other otherDesc="Internal" value="172062101"/>
        </identifiers>
        <balance>101249.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16289951.61000000</valUSD>
        <pctVal>0.385933850278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COINBASE GLOBAL, INC.</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>COINBASE GLOBAL INC</title>
        <cusip>19260Q107</cusip>
        <identifiers>
          <isin value="US19260Q1076"/>
          <other otherDesc="Internal" value="19260Q107"/>
        </identifiers>
        <balance>145972.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28426587.28000000</valUSD>
        <pctVal>0.673469298246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY</title>
        <cusip>617446448</cusip>
        <identifiers>
          <isin value="US6174464486"/>
          <other otherDesc="Internal" value="617446448"/>
        </identifiers>
        <balance>754353.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137895728.40000000</valUSD>
        <pctVal>3.266960557804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>




      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort </ncom:signature>
      <ncom:signerName>Chuck Pulsfort </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
