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        <name>CAVCO INDUSTRIES, INC.</name>
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        <name>KB HOME</name>
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        <name>BEAZER HOMES USA, INC.</name>
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        <name>BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares</name>
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        <name>OWENS CORNING</name>
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        <name>EAGLE MATERIALS INC.</name>
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        <name>FORTUNE BRANDS INNOVATIONS, INC.</name>
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        <title>FORTUNE BRANDS INNOVATION</title>
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        </identifiers>
        <balance>570920.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31343508.00000000</valUSD>
        <pctVal>1.204170988557</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>MOHAWK INDUSTRIES, INC.</name>
        <lei>549300JI1115MG3Q6322</lei>
        <title>MOHAWK INDUSTRIES INC</title>
        <cusip>608190104</cusip>
        <identifiers>
          <isin value="US6081901042"/>
          <other otherDesc="Internal" value="608190104"/>
        </identifiers>
        <balance>245034.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29729975.22000000</valUSD>
        <pctVal>1.142181457494</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="133463.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAYWARD HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>HAYWARD HOLDINGS INC</title>
        <cusip>421298100</cusip>
        <identifiers>
          <isin value="US4212981009"/>
          <other otherDesc="Internal" value="421298100"/>
        </identifiers>
        <balance>955271.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16535741.01000000</valUSD>
        <pctVal>0.635278590977</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="1047255.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M/I HOMES, INC.</name>
        <lei>N/A</lei>
        <title>M I HOMES INC</title>
        <cusip>55305B101</cusip>
        <identifiers>
          <isin value="US55305B1017"/>
          <other otherDesc="Internal" value="55305B101"/>
        </identifiers>
        <balance>247137.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39737158.23000000</valUSD>
        <pctVal>1.526642554122</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>LA-Z-BOY INCORPORATED</name>
        <lei>N/A</lei>
        <title>LA Z BOY INC</title>
        <cusip>505336107</cusip>
        <identifiers>
          <isin value="US5053361078"/>
          <other otherDesc="Internal" value="505336107"/>
        </identifiers>
        <balance>195862.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7857983.44000000</valUSD>
        <pctVal>0.301892043705</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>LENNAR CORPORATION</name>
        <lei>N/A</lei>
        <title>LENNAR CORP CLASS B</title>
        <cusip>526057302</cusip>
        <identifiers>
          <isin value="US5260573028"/>
          <other otherDesc="Internal" value="526057302"/>
        </identifiers>
        <balance>85650.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7598011.50000000</valUSD>
        <pctVal>0.291904308191</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>HOVNANIAN ENTERPRISES, INC.</name>
        <lei>N/A</lei>
        <title>HOVNANIAN ENTERPRISES INC</title>
        <cusip>442487401</cusip>
        <identifiers>
          <isin value="US4424874018"/>
          <other otherDesc="Internal" value="442487401"/>
        </identifiers>
        <balance>44785.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6377831.85000000</valUSD>
        <pctVal>0.245026819705</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>TOPBUILD CORP.</name>
        <lei>N/A</lei>
        <title>TOPBUILD CORP</title>
        <cusip>89055F103</cusip>
        <identifiers>
          <isin value="US89055F1030"/>
          <other otherDesc="Internal" value="89055F103"/>
        </identifiers>
        <balance>264471.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>93762903.63000000</valUSD>
        <pctVal>3.602231388845</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="91322673.64000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTURY COMMUNITIES, INC.</name>
        <lei>N/A</lei>
        <title>CENTURY COMMUNITIES INC</title>
        <cusip>156504300</cusip>
        <identifiers>
          <isin value="US1565043007"/>
          <other otherDesc="Internal" value="156504300"/>
        </identifiers>
        <balance>241724.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17321941.84000000</valUSD>
        <pctVal>0.665483258262</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>MERITAGE HOMES CORPORATION</name>
        <lei>N/A</lei>
        <title>MERITAGE HOMES CORP</title>
        <cusip>59001A102</cusip>
        <identifiers>
          <isin value="US59001A1025"/>
          <other otherDesc="Internal" value="59001A102"/>
        </identifiers>
        <balance>644153.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>54012229.05000000</valUSD>
        <pctVal>2.075069556646</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>2026-07-30</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>
