N-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-09729

iShares Trust

(Exact name of Registrant as specified in charter)

c/o: State Street Bank and Trust Company

1 Iron Street, Boston, MA 02210

(Address of principal executive offices) (Zip code)

The Corporation Trust Company

1209 Orange Street, Wilmington, DE 19801

(Name and address of agent for service)

Registrant’s telephone number, including area code: (415) 670-2000

Date of fiscal year end: March 31, 2018

Date of reporting period: June 30, 2017

Item 1. Schedules of Investments.

Schedule of Investments (Unaudited)

iSHARES^® ASIA 50 ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.35%
CHINA — 31.14%
Bank of China Ltd. Class H		18,200,000	$	8,929,283
China Construction Bank Corp. Class H		22,330,960		17,306,498
China Life Insurance Co. Ltd. Class H		1,750,000		5,346,540
China Mobile Ltd.		1,330,000		14,115,315
China Petroleum & Chemical Corp. Class H		6,161,600		4,806,813
CNOOC Ltd.		3,780,000		4,140,038
Industrial & Commercial Bank of China Ltd. Class H		18,620,115		12,570,119
PetroChina Co. Ltd. Class H		5,040,000		3,086,063
Ping An Insurance Group Co. of China Ltd. Class H		1,225,000		8,073,612
Tencent Holdings Ltd.		1,288,000		46,065,702
				124,439,983
HONG KONG — 19.25%
AIA Group Ltd.		2,884,000		21,076,443
Cheung Kong Property Holdings Ltd.		665,148		5,210,281
CK Hutchison Holdings Ltd.		665,148		8,350,083
CLP Holdings Ltd.		460,000		4,867,257
Galaxy Entertainment Group Ltd.		630,000		3,825,298
Hang Seng Bank Ltd.		175,000		3,660,755
Hong Kong & China Gas Co. Ltd.a		2,000,548		3,762,023
Hong Kong Exchanges & Clearing Ltd.		273,000		7,057,164
Jardine Matheson Holdings Ltd.		70,000		4,494,000
Link REIT		525,000		3,994,774
Power Assets Holdings Ltd.		315,000		2,782,219
Sands China Ltd.		588,000		2,692,773
Sun Hung Kai Properties Ltd.		350,000		5,142,543
				76,915,613
SINGAPORE — 6.12%
DBS Group Holdings Ltd.		427,000		6,432,059
Oversea-Chinese Banking Corp. Ltd.a		889,074		6,967,432
Singapore Telecommunications Ltd.		1,918,000		5,418,905
United Overseas Bank Ltd.		336,000		5,642,096
				24,460,492

Security	Shares		Value
SOUTH KOREA — 24.63%
Hyundai Mobis Co. Ltd.		16,450	$	3,594,371
Hyundai Motor Co.		35,700		4,976,751
KB Financial Group Inc.		96,900		4,886,711
Korea Electric Power Corp.		60,970		2,174,170
KT&G Corp.		30,170		3,085,164
LG Chem Ltd.		11,130		2,830,774
NAVER Corp.		6,930		5,075,681
POSCO		19,110		4,793,576
Samsung C&T Corp.		22,190		2,870,358
Samsung Electronics Co. Ltd.		24,570		51,044,784
Shinhan Financial Group Co. Ltd.		113,540		4,892,297
SK Hynix Inc.		139,090		8,193,564
				98,418,201
TAIWAN — 18.21%
Cathay Financial Holding Co. Ltd.		2,030,866		3,344,720
Chunghwa Telecom Co. Ltd.		910,551		3,232,726
CTBC Financial Holding Co. Ltd.		4,620,359		3,030,117
Formosa Chemicals & Fibre Corp.		840,804		2,639,605
Formosa Plastics Corp.		1,120,071		3,413,234
Fubon Financial Holding Co. Ltd.b		1,750,000		2,787,229
Hon Hai Precision Industry Co. Ltd.		3,570,066		13,731,023
Largan Precision Co. Ltd.		23,000		3,666,995
MediaTek Inc.		360,112		3,083,799
Nan Ya Plastics Corp.		1,260,510		3,128,485
Taiwan Semiconductor Manufacturing Co. Ltd.		4,480,343		30,708,465
				72,766,398
TOTAL COMMON STOCKS
(Cost: $293,862,014)				397,000,687
SHORT-TERM INVESTMENTS — 0.22%
MONEY MARKET FUNDS — 0.22%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		708,056		708,269
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		160,944		160,944
				869,213
TOTAL SHORT-TERM INVESTMENTS
(Cost: $869,077)				869,213

1

Schedule of Investments (Unaudited) (Continued)

iSHARES^® ASIA 50 ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 99.57%
(Cost: $294,731,091)f	$	397,869,900
Other Assets, Less Liabilities — 0.43%		1,721,078
NET ASSETS — 100.00%	$	399,590,978

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $301,882,911. Net unrealized appreciation was $95,986,989, of which $113,298,134 represented gross unrealized appreciation on securities and $17,311,145 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	397,000,687	$	—	$	—	$	397,000,687
Money market funds		869,213		—		—		869,213
Total	$	397,869,900	$	—	$	—	$	397,869,900

2

Schedule of Investments (Unaudited)

iSHARES^® CORE S&P 500 ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.81%
AEROSPACE & DEFENSE — 2.33%
Arconic Inc.		2,422,455	$	54,868,606
Boeing Co. (The)		3,123,366		617,645,627
General Dynamics Corp.		1,577,940		312,589,914
L3 Technologies Inc.		434,708		72,631,013
Lockheed Martin Corp.		1,385,081		384,512,336
Northrop Grumman Corp.		971,362		249,358,339
Raytheon Co.		1,619,299		261,484,403
Rockwell Collins Inc.		901,112		94,688,849
Textron Inc.		1,490,073		70,182,438
TransDigm Group Inc.a		272,438		73,250,405
United Technologies Corp.		4,146,167		506,288,452
				2,697,500,382
AIR FREIGHT & LOGISTICS — 0.72%
CH Robinson Worldwide Inc.		773,001		53,089,709
Expeditors International of Washington Inc.		999,856		56,471,867
FedEx Corp.		1,368,729		297,465,873
United Parcel Service Inc. Class B		3,832,498		423,835,954
				830,863,403
AIRLINES — 0.65%
Alaska Air Group Inc.		680,760		61,105,018
American Airlines Group Inc.		2,744,879		138,122,311
Delta Air Lines Inc.		4,105,552		220,632,364
Southwest Airlines Co.		3,372,463		209,564,851
United Continental Holdings Inc.b		1,569,646		118,115,862
				747,540,406
AUTO COMPONENTS — 0.20%
BorgWarner Inc.		1,113,775		47,179,509
Delphi Automotive PLC		1,490,630		130,653,719
Goodyear Tire & Rubber Co. (The)		1,401,030		48,980,009
				226,813,237
AUTOMOBILES — 0.49%
Ford Motor Co.		21,820,694		244,173,566
General Motors Co.		7,662,443		267,649,134
Harley-Davidson Inc.		973,403		52,583,230
				564,405,930

Security	Shares		Value
BANKS — 6.48%
Bank of America Corp.		55,374,829	$	1,343,393,352
BB&T Corp.		4,525,101		205,484,836
Citigroup Inc.		15,319,801		1,024,588,291
Citizens Financial Group Inc.		2,813,291		100,378,223
Comerica Inc.		979,748		71,756,743
Fifth Third Bancorp.		4,189,565		108,761,107
Huntington Bancshares Inc./OH		5,993,389		81,030,619
JPMorgan Chase & Co.		19,768,696		1,806,858,814
KeyCorp		6,104,138		114,391,546
M&T Bank Corp.		852,947		138,134,767
People’s United Financial Inc.		1,905,116		33,644,349
PNC Financial Services Group Inc. (The)c		2,690,025		335,903,422
Regions Financial Corp.		6,639,777		97,206,335
SunTrust Banks Inc.		2,694,875		152,853,310
U.S. Bancorp.		8,814,668		457,657,563
Wells Fargo & Co.		25,025,669		1,386,672,319
Zions BanCorp.		1,108,838		48,689,077
				7,507,404,673
BEVERAGES — 2.08%
Brown-Forman Corp. Class B		983,516		47,798,878
Coca-Cola Co. (The)		21,396,230		959,620,915
Constellation Brands Inc. Class A		956,139		185,232,808
Dr Pepper Snapple Group Inc.		1,027,142		93,582,908
Molson Coors Brewing Co. Class B		1,030,820		89,000,999
Monster Beverage Corp.a,b		2,242,866		111,425,583
PepsiCo Inc.		7,948,511		917,973,535
				2,404,635,626
BIOTECHNOLOGY — 2.94%
AbbVie Inc.		8,855,742		642,129,852
Alexion Pharmaceuticals Inc.b		1,247,890		151,830,776
Amgen Inc.		4,094,654		705,222,258
Biogen Inc.b		1,188,091		322,400,374
Celgene Corp.b		4,344,718		564,248,527
Gilead Sciences Inc.		7,270,947		514,637,629
Incyte Corp.b		949,712		119,578,238
Regeneron Pharmaceuticals Inc.b		424,001		208,243,851

3

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P 500 ETF

June 30, 2017

Security	Shares		Value
Vertex Pharmaceuticals Inc.b		1,383,122	$	178,242,932
				3,406,534,437
BUILDING PRODUCTS — 0.34%
Allegion PLC		530,127		43,003,902
Fortune Brands Home & Security Inc.		867,557		56,599,419
Johnson Controls International PLC		5,219,892		226,334,517
Masco Corp.		1,786,396		68,258,191
				394,196,029
CAPITAL MARKETS — 2.92%
Affiliated Managers Group Inc.		315,946		52,402,804
Ameriprise Financial Inc.		849,626		108,148,894
Bank of New York Mellon Corp. (The)		5,779,315		294,860,651
BlackRock Inc.c		675,651		285,401,739
CBOE Holdings Inc.		519,393		47,472,520
Charles Schwab Corp. (The)		6,770,549		290,862,785
CME Group Inc.		1,890,680		236,788,763
E*TRADE Financial Corp.b		1,514,381		57,591,909
Franklin Resources Inc.		1,888,402		84,581,526
Goldman Sachs Group Inc. (The)		2,036,937		451,996,320
Intercontinental Exchange Inc.		3,290,125		216,885,040
Invesco Ltd.		2,261,431		79,579,757
Moody’s Corp.		925,260		112,585,637
Morgan Stanley		7,923,911		353,089,474
Nasdaq Inc.		630,054		45,042,561
Northern Trust Corp.		1,200,813		116,731,032
Raymond James Financial Inc.		712,647		57,168,542
S&P Global Inc.		1,434,476		209,419,151
State Street Corp.		1,971,963		176,944,240
T Rowe Price Group Inc.		1,333,435		98,954,211
				3,376,507,556
CHEMICALS — 2.11%
Air Products & Chemicals Inc.		1,216,612		174,048,513
Albemarle Corp.		615,283		64,936,968
CF Industries Holdings Inc.		1,290,863		36,092,529
Dow Chemical Co. (The)		6,254,012		394,440,537
Eastman Chemical Co.		802,775		67,425,072

Security	Shares		Value
Ecolab Inc.		1,452,513	$	192,821,101
EI du Pont de Nemours & Co.		4,824,378		389,375,548
FMC Corp.		740,943		54,125,886
International Flavors & Fragrances Inc.		438,763		59,233,005
LyondellBasell Industries NV Class A		1,837,862		155,097,174
Monsanto Co.		2,438,885		288,666,429
Mosaic Co. (The)		1,986,371		45,348,850
PPG Industries Inc.		1,425,553		156,753,808
Praxair Inc.		1,594,428		211,341,431
Sherwin-Williams Co. (The)		449,884		157,891,289
				2,447,598,140
COMMERCIAL SERVICES & SUPPLIES — 0.30%
Cintas Corp.		481,836		60,730,609
Republic Services Inc.		1,271,779		81,050,476
Stericycle Inc.a,b		484,793		36,999,402
Waste Management Inc.		2,265,981		166,209,706
				344,990,193
COMMUNICATIONS EQUIPMENT — 0.97%
Cisco Systems Inc.		27,821,532		870,813,951
F5 Networks Inc.b		359,149		45,633,472
Harris Corp.		677,750		73,928,970
Juniper Networks Inc.		2,118,958		59,076,549
Motorola Solutions Inc.		909,432		78,884,132
				1,128,337,074
CONSTRUCTION & ENGINEERING — 0.09%
Fluor Corp.		794,927		36,391,758
Jacobs Engineering Group Inc.		672,652		36,585,542
Quanta Services Inc.b		799,763		26,328,198
				99,305,498
CONSTRUCTION MATERIALS — 0.15%
Martin Marietta Materials Inc.		345,439		76,887,813
Vulcan Materials Co.		734,972		93,106,253
				169,994,066
CONSUMER FINANCE — 0.74%
American Express Co.		4,176,521		351,830,129
Capital One Financial Corp.		2,684,115		221,761,581
Discover Financial Services		2,118,060		131,722,151
Navient Corp.		1,586,563		26,416,274
Synchrony Financial		4,285,824		127,803,272
				859,533,407

4

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P 500 ETF

June 30, 2017

Security	Shares		Value
CONTAINERS & PACKAGING — 0.33%
Avery Dennison Corp.		492,129	$	43,489,440
Ball Corp.		1,954,120		82,483,405
International Paper Co.		2,296,399		129,999,147
Sealed Air Corp.		1,089,579		48,769,556
WestRock Co.		1,409,836		79,881,308
				384,622,856
DISTRIBUTORS — 0.11%
Genuine Parts Co.		820,126		76,074,888
LKQ Corp.b		1,701,554		56,066,204
				132,141,092
DIVERSIFIED CONSUMER SERVICES — 0.03%
H&R Block Inc.		1,154,510		35,685,904
				35,685,904
DIVERSIFIED FINANCIAL SERVICES — 1.59%
Berkshire Hathaway Inc. Class Bb		10,569,228		1,790,110,146
Leucadia National Corp.		1,789,225		46,806,126
				1,836,916,272
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.14%
AT&T Inc.		34,208,970		1,290,704,438
CenturyLink Inc.		3,026,594		72,275,065
Level 3 Communications Inc.b		1,628,775		96,586,358
Verizon Communications Inc.		22,698,637		1,013,721,128
				2,473,286,989
ELECTRIC UTILITIES — 1.99%
Alliant Energy Corp.		1,286,390		51,674,286
American Electric Power Co. Inc.		2,731,374		189,748,552
Duke Energy Corp.		3,894,311		325,525,457
Edison International		1,812,918		141,752,058
Entergy Corp.		991,357		76,106,477
Eversource Energy		1,772,624		107,616,003
Exelon Corp.		5,153,055		185,870,694
FirstEnergy Corp.		2,466,178		71,913,751
NextEra Energy Inc.		2,604,986		365,036,688
PG&E Corp.		2,847,628		188,997,070
Pinnacle West Capital Corp.		629,453		53,604,218
PPL Corp.		3,807,688		147,205,218
Southern Co. (The)		5,526,974		264,631,515
Xcel Energy Inc.		2,825,322		129,625,773
				2,299,307,760

Security	Shares		Value
ELECTRICAL EQUIPMENT — 0.56%
Acuity Brands Inc.a		241,992	$	49,192,134
AMETEK Inc.		1,280,401		77,553,888
Eaton Corp. PLC		2,484,264		193,350,267
Emerson Electric Co.		3,586,052		213,800,420
Rockwell Automation Inc.		721,333		116,827,093
				650,723,802
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.40%
Amphenol Corp. Class A		1,700,538		125,533,715
Corning Inc.		5,135,305		154,315,915
FLIR Systems Inc.		758,469		26,288,536
TE Connectivity Ltd.		1,975,479		155,430,688
				461,568,854
ENERGY EQUIPMENT & SERVICES — 0.89%
Baker Hughes Inc.		2,364,766		128,903,395
Halliburton Co.		4,829,058		206,249,067
Helmerich & Payne Inc.		593,031		32,225,304
National Oilwell Varco Inc.		2,114,634		69,656,044
Schlumberger Ltd.		7,731,417		509,036,495
TechnipFMC PLCb		2,594,074		70,558,813
Transocean Ltd.a,b		2,139,899		17,611,369
				1,034,240,487
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.87%
Alexandria Real Estate Equities Inc.a		505,659		60,916,740
American Tower Corp.		2,363,077		312,682,349
Apartment Investment & Management Co. Class A		867,450		37,274,327
AvalonBay Communities Inc.a		764,907		146,992,178
Boston Properties Inc.a		856,100		105,317,422
Crown Castle International Corp.a		2,041,885		204,556,039
Digital Realty Trust Inc.a		889,004		100,413,002
Equinix Inc.		434,408		186,430,537
Equity Residential		2,038,322		134,182,737
Essex Property Trust Inc.a		363,243		93,451,527
Extra Space Storage Inc.a		696,423		54,320,994
Federal Realty Investment Trust		399,974		50,552,714
GGP Inc.a		3,227,274		76,034,575
HCP Inc.		2,587,584		82,699,185

5

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P 500 ETF

June 30, 2017

Security	Shares		Value
Host Hotels & Resorts Inc.a		4,154,429	$	75,901,418
Iron Mountain Inc.a		1,388,860		47,721,230
Kimco Realty Corp.		2,358,968		43,287,063
Macerich Co. (The)a		647,367		37,586,128
Mid-America Apartment Communities Inc.a		638,749		67,311,370
Prologis Inc.a		2,963,458		173,777,177
Public Storage		835,407		174,207,422
Realty Income Corp.a		1,532,308		84,552,755
Regency Centers Corp.a		809,003		50,675,948
Simon Property Group Inc.		1,734,844		280,628,365
SL Green Realty Corp.a		565,434		59,822,917
UDR Inc.a		1,507,370		58,742,209
Ventas Inc.a		1,974,632		137,197,431
Vornado Realty Trust		950,621		89,263,312
Welltower Inc.		2,041,025		152,770,721
Weyerhaeuser Co.		4,198,239		140,641,006
				3,319,910,798
FOOD & STAPLES RETAILING — 1.88%
Costco Wholesale Corp.		2,440,413		390,295,251
CVS Health Corp.		5,668,838		456,114,706
Kroger Co. (The)		5,086,806		118,624,316
Sysco Corp.		2,749,300		138,372,269
Wal-Mart Stores Inc.		8,218,984		622,012,709
Walgreens Boots Alliance Inc.		4,751,574		372,095,760
Whole Foods Market Inc.		1,795,356		75,602,441
				2,173,117,452
FOOD PRODUCTS — 1.35%
Archer-Daniels-Midland Co.		3,168,589		131,116,213
Campbell Soup Co.		1,051,303		54,825,451
Conagra Brands Inc.		2,248,959		80,422,774
General Mills Inc.		3,214,398		178,077,649
Hershey Co. (The)		786,182		84,412,361
Hormel Foods Corp.		1,493,039		50,927,560
JM Smucker Co. (The)		643,549		76,151,153
Kellogg Co.		1,395,095		96,903,299
Kraft Heinz Co. (The)		3,319,858		284,312,639
McCormick & Co. Inc./MD NVS		625,433		60,985,972
Mondelez International Inc. Class A		8,442,492		364,631,230
Tyson Foods Inc. Class A		1,610,552		100,868,872
				1,563,635,173

Security	Shares		Value
HEALTH CARE EQUIPMENT & SUPPLIES — 2.86%
Abbott Laboratories		9,655,493	$	469,353,515
Align Technology Inc.a,b		421,485		63,273,328
Baxter International Inc.		2,709,833		164,053,290
Becton Dickinson and Co.		1,268,470		247,491,182
Boston Scientific Corp.b		7,638,140		211,729,241
Cooper Companies Inc. (The)		270,196		64,690,326
CR Bard Inc.		404,580		127,891,784
Danaher Corp.		3,398,773		286,822,453
DENTSPLY SIRONA Inc.		1,271,362		82,435,112
Edwards Lifesciences Corp.a,b		1,167,669		138,065,182
Hologic Inc.b		1,558,064		70,704,944
IDEXX Laboratories Inc.b		489,218		78,969,570
Intuitive Surgical Inc.a,b		205,017		191,766,751
Medtronic PLC		7,616,840		675,994,550
Stryker Corp.		1,730,774		240,196,816
Varian Medical Systems Inc.a,b		505,863		52,200,003
Zimmer Biomet Holdings Inc.		1,124,944		144,442,810
				3,310,080,857
HEALTH CARE PROVIDERS & SERVICES — 2.81%
Aetna Inc.		1,850,786		281,004,838
AmerisourceBergen Corp.		927,397		87,666,838
Anthem Inc.		1,472,599		277,040,050
Cardinal Health Inc.		1,754,789		136,733,159
Centene Corp.b		958,611		76,573,847
Cigna Corp.		1,424,546		238,454,755
DaVita Inc.b		856,522		55,468,365
Envision Healthcare Corp.b		648,113		40,617,242
Express Scripts Holding Co.a,b		3,310,537		211,344,682
HCA Healthcare Inc.a,b		1,592,394		138,856,757
Henry Schein Inc.b		445,226		81,485,263
Humana Inc.		804,712		193,629,801
Laboratory Corp. of America Holdingsa,b		567,449		87,466,589
McKesson Corp.		1,177,793		193,794,060
Patterson Companies Inc.		435,640		20,453,298
Quest Diagnostics Inc.		756,558		84,098,987
UnitedHealth Group Inc.		5,362,078		994,236,503
Universal Health Services Inc. Class B		497,241		60,703,181
				3,259,628,215

6

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P 500 ETF

June 30, 2017

Security	Shares		Value
HEALTH CARE TECHNOLOGY — 0.09%
Cerner Corp.a,b		1,635,872	$	108,736,412
				108,736,412
HOTELS, RESTAURANTS & LEISURE — 1.77%
Carnival Corp.		2,338,998		153,368,099
Chipotle Mexican Grill Inc.a,b		158,427		65,921,475
Darden Restaurants Inc.		694,250		62,787,970
Hilton Worldwide Holdings Inc.a		1,143,613		70,732,464
Marriott International Inc./MD Class A		1,732,437		173,780,755
McDonald’s Corp.		4,535,270		694,621,953
Royal Caribbean Cruises Ltd.		936,721		102,318,035
Starbucks Corp.		8,057,594		469,838,306
Wyndham Worldwide Corp.		580,533		58,291,319
Wynn Resorts Ltd.		448,292		60,124,923
Yum! Brands Inc.		1,843,275		135,959,964
				2,047,745,263
HOUSEHOLD DURABLES — 0.47%
DR Horton Inc.		1,908,587		65,979,853
Garmin Ltd.		637,720		32,542,852
Leggett & Platt Inc.		718,062		37,719,797
Lennar Corp. Class A		1,130,609		60,284,072
Mohawk Industries Inc.b		354,005		85,559,468
Newell Brands Inc.		2,687,855		144,122,785
PulteGroup Inc.		1,539,908		37,773,943
Whirlpool Corp.		411,246		78,802,958
				542,785,728
HOUSEHOLD PRODUCTS — 1.75%
Church & Dwight Co. Inc.		1,385,501		71,879,792
Clorox Co. (The)		715,696		95,359,335
Colgate-Palmolive Co.		4,914,885		364,340,425
Kimberly-Clark Corp.		1,974,931		254,983,341
Procter & Gamble Co. (The)		14,231,212		1,240,250,126
				2,026,813,019
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.06%
AES Corp./VA		3,642,887		40,472,475
NRG Energy Inc.		1,754,828		30,218,138
				70,690,613
INDUSTRIAL CONGLOMERATES — 2.33%
3M Co.		3,325,151		692,263,187

Security	Shares		Value
General Electric Co.		48,457,436	$	1,308,835,346
Honeywell International Inc.		4,241,847		565,395,787
Roper Technologies Inc.		570,297		132,040,864
				2,698,535,184
INSURANCE — 2.78%
Aflac Inc.		2,212,558		171,871,505
Allstate Corp. (The)		2,028,259		179,379,226
American International Group Inc.		4,890,012		305,723,550
Aon PLC		1,457,846		193,820,626
Arthur J Gallagher & Co.		1,000,959		57,304,903
Assurant Inc.		303,707		31,491,379
Chubb Ltd.		2,598,083		377,709,307
Cincinnati Financial Corp.		844,133		61,157,436
Everest Re Group Ltd.		228,517		58,178,143
Hartford Financial Services Group Inc. (The)		2,048,774		107,704,049
Lincoln National Corp.		1,247,929		84,335,042
Loews Corp.		1,552,907		72,691,577
Marsh & McLennan Companies Inc.		2,864,700		223,332,012
MetLife Inc.		6,007,987		330,078,806
Principal Financial Group Inc.		1,496,799		95,899,912
Progressive Corp. (The)		3,232,287		142,511,534
Prudential Financial Inc.		2,387,068		258,137,533
Torchmark Corp.		601,326		46,001,439
Travelers Companies Inc. (The)		1,554,717		196,718,342
Unum Group		1,273,902		59,402,050
Willis Towers Watson PLC		709,415		103,191,506
XL Group Ltd.		1,436,428		62,915,546
				3,219,555,423
INTERNET & DIRECT MARKETING RETAIL — 2.70%
Amazon.com Inc.b		2,207,444		2,136,805,792
Expedia Inc.		676,697		100,794,018
Netflix Inc.b		2,398,210		358,316,556
Priceline Group Inc. (The)a,b		273,608		511,789,236
TripAdvisor Inc.a,b		600,360		22,933,752
				3,130,639,354
INTERNET SOFTWARE & SERVICES — 4.60%
Akamai Technologies Inc.a,b		944,634		47,052,220
Alphabet Inc. Class Ab		1,656,078		1,539,622,595
Alphabet Inc. Class Cb		1,660,297		1,508,761,693

7

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P 500 ETF

June 30, 2017

Security	Shares		Value
eBay Inc.b		5,602,752	$	195,648,100
Facebook Inc. Class Ab		13,152,399		1,985,749,201
VeriSign Inc.a,b		487,515		45,319,394
				5,322,153,203
IT SERVICES — 3.83%
Accenture PLC Class A		3,447,976		426,445,672
Alliance Data Systems Corp.		310,682		79,748,963
Automatic Data Processing Inc.		2,489,519		255,076,117
Cognizant Technology Solutions Corp. Class A		3,285,666		218,168,222
CSRA Inc.		805,695		25,580,816
DXC Technology Co.		1,573,421		120,712,859
Fidelity National Information Services Inc.		1,842,684		157,365,214
Fiserv Inc.b		1,183,739		144,818,629
Gartner Inc.a,b		507,385		62,667,121
Global Payments Inc.		848,449		76,631,914
International Business Machines Corp.		4,757,111		731,786,385
MasterCard Inc. Class A		5,219,237		633,876,334
Paychex Inc.		1,774,955		101,065,938
PayPal Holdings Inc.a,b		6,214,765		333,546,437
Total System Services Inc.		934,040		54,407,830
Visa Inc. Class Aa		10,273,008		963,402,690
Western Union Co. (The)		2,613,199		49,781,441
				4,435,082,582
LEISURE PRODUCTS — 0.09%
Hasbro Inc.		625,914		69,795,670
Mattel Inc.		1,874,957		40,367,824
				110,163,494
LIFE SCIENCES TOOLS & SERVICES — 0.72%
Agilent Technologies Inc.		1,793,336		106,362,758
Illumina Inc.b		811,350		140,785,452
Mettler-Toledo International Inc.a,b		143,674		84,557,896
PerkinElmer Inc.		607,744		41,411,676
Thermo Fisher Scientific Inc.		2,176,856		379,796,066
Waters Corp.b		445,164		81,838,950
				834,752,798
MACHINERY — 1.57%
Caterpillar Inc.		3,277,197		352,167,590
Cummins Inc.		864,854		140,296,616

Security	Shares		Value
Deere & Co.		1,634,958	$	202,064,459
Dover Corp.		859,036		68,911,868
Flowserve Corp.		720,023		33,430,668
Fortive Corp.		1,677,758		106,285,969
Illinois Tool Works Inc.		1,731,227		247,998,268
Ingersoll-Rand PLC		1,427,299		130,440,856
PACCAR Inc.		1,954,272		129,060,123
Parker-Hannifin Corp.		745,945		119,216,930
Pentair PLC		939,996		62,547,334
Snap-on Inc.		321,032		50,723,056
Stanley Black & Decker Inc.		850,465		119,685,939
Xylem Inc./NY		1,013,433		56,174,591
				1,819,004,267
MEDIA — 3.05%
CBS Corp. Class B NVS		2,045,958		130,491,201
Charter Communications Inc. Class Ab		1,200,116		404,259,075
Comcast Corp. Class A		26,334,005		1,024,919,475
Discovery Communications Inc. Class Aa,b		876,013		22,627,416
Discovery Communications Inc. Class C NVSa,b		1,153,153		29,070,987
DISH Network Corp. Class Ab		1,275,611		80,057,346
Interpublic Group of Companies Inc. (The)		2,218,763		54,581,570
News Corp. Class A		2,106,879		28,864,242
News Corp. Class B		664,567		9,403,623
Omnicom Group Inc.		1,289,885		106,931,466
Scripps Networks Interactive Inc. Class A		543,470		37,124,436
Time Warner Inc.		4,315,310		433,300,277
Twenty-First Century Fox Inc. Class A NVS		5,853,871		165,898,704
Twenty-First Century Fox Inc. Class B		2,737,133		76,283,897
Viacom Inc. Class B NVS		1,980,780		66,494,785
Walt Disney Co. (The)		8,094,592		860,050,400
				3,530,358,900
METALS & MINING — 0.25%
Freeport-McMoRan Inc.b		7,406,368		88,950,480
Newmont Mining Corp.		2,967,049		96,102,717
Nucor Corp.		1,775,307		102,737,016
				287,790,213

8

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P 500 ETF

June 30, 2017

Security	Shares		Value
MULTI-UTILITIES — 1.04%
Ameren Corp.		1,363,190	$	74,525,597
CenterPoint Energy Inc.		2,422,626		66,331,500
CMS Energy Corp.		1,544,485		71,432,431
Consolidated Edison Inc.		1,707,825		138,026,417
Dominion Energy Inc.		3,499,843		268,192,969
DTE Energy Co.		991,907		104,933,842
NiSource Inc.		1,785,996		45,292,859
Public Service Enterprise Group Inc.		2,814,844		121,066,440
SCANA Corp.		790,293		52,957,534
Sempra Energy		1,401,686		158,040,096
WEC Energy Group Inc.		1,745,466		107,136,703
				1,207,936,388
MULTILINE RETAIL — 0.40%
Dollar General Corp.		1,408,814		101,561,401
Dollar Tree Inc.a,b		1,316,236		92,031,221
Kohl’s Corp.		941,697		36,415,423
Macy’s Inc.		1,727,048		40,136,596
Nordstrom Inc.		614,262		29,380,151
Target Corp.		3,081,051		161,108,157
				460,632,949
OIL, GAS & CONSUMABLE FUELS — 5.14%
Anadarko Petroleum Corp.		3,131,162		141,966,885
Apache Corp.		2,116,448		101,441,353
Cabot Oil & Gas Corp.		2,598,432		65,168,675
Chesapeake Energy Corp.a,b		4,098,739		20,370,733
Chevron Corp.		10,541,786		1,099,824,533
Cimarex Energy Co.		522,175		49,089,672
Concho Resources Inc.a,b		824,435		100,193,586
ConocoPhillips		6,878,358		302,372,618
Devon Energy Corp.		2,920,896		93,381,045
EOG Resources Inc.		3,212,084		290,757,844
EQT Corp.a		953,633		55,873,357
Exxon Mobil Corp.		23,577,196		1,903,387,033
Hess Corp.		1,498,308		65,730,772
Kinder Morgan Inc./DE		10,666,379		204,367,822
Marathon Oil Corp.		4,775,593		56,590,777
Marathon Petroleum Corp.		2,891,462		151,310,206
Murphy Oil Corp.		894,698		22,931,110
Newfield Exploration Co.a,b		1,096,784		31,214,473
Noble Energy Inc.		2,525,933		71,483,904
Occidental Petroleum Corp.		4,266,061		255,409,072

Security	Shares		Value
ONEOK Inc.		2,110,284	$	110,072,413
Phillips 66		2,440,967		201,843,561
Pioneer Natural Resources Co.a		950,459		151,674,247
Range Resources Corp.a		1,035,519		23,992,975
Tesoro Corp.		840,830		78,701,688
Valero Energy Corp.		2,486,533		167,741,516
Williams Companies Inc. (The)		4,597,587		139,214,934
				5,956,106,804
PERSONAL PRODUCTS — 0.15%
Coty Inc. Class A		2,608,112		48,928,181
Estee Lauder Companies Inc. (The) Class A		1,246,989		119,686,004
				168,614,185
PHARMACEUTICALS — 5.04%
Allergan PLC		1,868,824		454,292,426
Bristol-Myers Squibb Co.		9,166,706		510,768,858
Eli Lilly & Co.		5,402,795		444,650,029
Johnson & Johnson		14,989,132		1,982,912,272
Mallinckrodt PLCa,b		545,301		24,434,938
Merck & Co. Inc.		15,219,104		975,392,375
Mylan NVb		2,564,833		99,566,817
Perrigo Co. PLC		808,238		61,038,134
Pfizer Inc.		33,206,557		1,115,408,250
Zoetis Inc.		2,730,915		170,354,478
				5,838,818,577
PROFESSIONAL SERVICES — 0.30%
Equifax Inc.		668,535		91,870,080
IHS Markit Ltd.a,b		1,765,498		77,752,532
Nielsen Holdings PLC		1,853,591		71,659,828
Robert Half International Inc.		696,946		33,404,622
Verisk Analytics Inc. Class Aa,b		855,538		72,181,741
				346,868,803
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.05%
CBRE Group Inc. Class Aa,b		1,655,309		60,253,248
				60,253,248
ROAD & RAIL — 0.92%
CSX Corp.		5,141,739		280,533,280
JB Hunt Transport Services Inc.		473,500		43,268,430

9

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P 500 ETF

June 30, 2017

Security	Shares		Value
Kansas City Southern		585,928	$	61,317,365
Norfolk Southern Corp.		1,612,399		196,228,958
Union Pacific Corp.		4,492,779		489,308,561
				1,070,656,594
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.40%
Advanced Micro Devices Inc.a,b		4,311,799		53,811,252
Analog Devices Inc.		2,046,028		159,180,978
Applied Materials Inc.		5,979,493		247,012,856
Broadcom Ltd.		2,233,293		520,468,934
Intel Corp.		26,202,048		884,057,100
KLA-Tencor Corp.		875,685		80,133,934
Lam Research Corp.		895,213		126,609,975
Microchip Technology Inc.		1,276,127		98,491,482
Micron Technology Inc.a,b		5,798,637		173,147,301
NVIDIA Corp.		3,310,729		478,598,984
Qorvo Inc.a,b		705,287		44,658,773
QUALCOMM Inc.		8,220,824		453,953,901
Skyworks Solutions Inc.		1,023,973		98,250,209
Texas Instruments Inc.		5,543,812		426,485,457
Xilinx Inc.		1,378,513		88,665,956
				3,933,527,092
SOFTWARE — 4.87%
Activision Blizzard Inc.		3,857,296		222,064,531
Adobe Systems Inc.b		2,752,605		389,328,451
ANSYS Inc.a,b		477,193		58,064,844
Autodesk Inc.b		1,081,051		108,991,562
CA Inc.		1,736,175		59,845,952
Citrix Systems Inc.a,b		839,831		66,833,751
Electronic Arts Inc.b		1,728,835		182,772,436
Intuit Inc.		1,357,317		180,265,271
Microsoft Corp.		42,958,853		2,961,153,737
Oracle Corp.		16,713,459		838,012,834
Red Hat Inc.b		989,197		94,715,613
salesforce.com Inc.b		3,718,841		322,051,631
Symantec Corp.		3,385,538		95,641,448
Synopsys Inc.b		839,531		61,226,996
				5,640,969,057
SPECIALTY RETAIL — 2.24%
Advance Auto Parts Inc.a		416,551		48,565,681
AutoNation Inc.a,b		341,054		14,378,837
AutoZone Inc.a,b		156,839		89,470,376

Security	Shares		Value
Bed Bath & Beyond Inc.		797,308	$	24,238,163
Best Buy Co. Inc.		1,475,883		84,612,372
CarMax Inc.a,b		1,021,017		64,385,332
Foot Locker Inc.		711,648		35,070,013
Gap Inc. (The)		1,258,587		27,676,328
Home Depot Inc. (The)		6,652,354		1,020,471,104
L Brands Inc.		1,350,209		72,762,763
Lowe’s Companies Inc.		4,774,474		370,164,969
O’Reilly Automotive Inc.a,b		505,137		110,493,667
Ross Stores Inc.		2,172,939		125,443,769
Signet Jewelers Ltd.a		364,803		23,070,142
Staples Inc.		3,600,492		36,256,954
Tiffany & Co.		593,836		55,743,385
TJX Companies Inc. (The)		3,589,395		259,046,637
Tractor Supply Co.		703,793		38,152,619
Ulta Salon Cosmetics & Fragrance Inc.a,b		323,958		93,086,092
				2,593,089,203
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 4.14%
Apple Inc.		29,011,089		4,178,177,038
Hewlett Packard Enterprise Co.		9,263,475		153,681,050
HP Inc.		9,374,963		163,874,353
NetApp Inc.		1,511,044		60,517,312
Seagate Technology PLC		1,652,599		64,038,211
Western Digital Corp.		1,622,944		143,792,839
Xerox Corp.		1,208,699		34,725,908
				4,798,806,711
TEXTILES, APPAREL & LUXURY GOODS — 0.69%
Coach Inc.		1,564,249		74,051,548
Hanesbrands Inc.		2,018,049		46,738,015
Michael Kors Holdings Ltd.a,b		870,729		31,563,926
NIKE Inc. Class B		7,373,879		435,058,861
PVH Corp.a		434,031		49,696,550
Ralph Lauren Corp.		294,854		21,760,225
Under Armour Inc. Class Aa,b		1,010,674		21,992,266
Under Armour Inc. Class Ca,b		1,015,477		20,472,016
VF Corp.		1,783,492		102,729,139
				804,062,546
TOBACCO — 1.83%
Altria Group Inc.		10,748,170		800,416,220

10

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P 500 ETF

June 30, 2017

Security	Shares		Value
Philip Morris International Inc.		8,642,056	$	1,015,009,477
Reynolds American Inc.		4,604,380		299,468,875
				2,114,894,572
TRADING COMPANIES & DISTRIBUTORS — 0.15%
Fastenal Co.		1,593,192		69,351,648
United Rentals Inc.a,b		477,318		53,798,512
WW Grainger Inc.		297,889		53,777,901
				176,928,061
WATER UTILITIES — 0.07%
American Water Works Co. Inc.		984,673		76,755,260
				76,755,260
TOTAL COMMON STOCKS (Cost: $100,796,077,670)				115,574,753,071
SHORT-TERM INVESTMENTS — 0.85%
MONEY MARKET FUNDS — 0.85%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		835,144,062		835,394,605

Security	Shares		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		144,653,582	$	144,653,582
				980,048,187
TOTAL SHORT-TERM INVESTMENTS (Cost: $979,946,204)				980,048,187
TOTAL INVESTMENTS IN SECURITIES — 100.66% (Cost: $101,776,023,874)g				116,554,801,258
Other Assets, Less Liabilities — (0.66)%				(763,136,034	)
NET ASSETS — 100.00%			$	115,791,665,224

NVS  —  Non-Voting Shares

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  Affiliated issuer. See Schedule 1.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $103,145,665,068. Net unrealized appreciation was $13,409,136,190, of which $18,325,278,011 represented gross unrealized appreciation on securities and $4,916,141,821 represented gross unrealized depreciation on securities.

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		609,621		95,495		(29,465	)		675,651	$	285,401,739	$	1,644,220	$	3,732,475
PNC Financial Services Group Inc. (The)		2,435,627		381,917		(127,519	)		2,690,025		335,903,422		1,367,242		5,652,216
										$	621,305,161	$	3,011,462	$	9,384,691

11

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P 500 ETF

June 30, 2017

Schedule 2 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		1,665		Sep. 2017		Chicago Mercantile	$	202,179,062	$	201,539,925	$	(639,137	)

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	115,574,753,071		$	—	$	—	$	115,574,753,071
Money market funds		980,048,187			—		—		980,048,187
Total	$	116,554,801,258		$	—	$	—	$	116,554,801,258
Derivative financial instrumentsa:
Liabilities:
Futures contracts	$	(639,137	)	$	—	$	—	$	(639,137	)
Total	$	(639,137	)	$	—	$	—	$	(639,137	)

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

12

Schedule of Investments (Unaudited)

iSHARES^® CORE S&P MID-CAP ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.85%
AEROSPACE & DEFENSE — 1.71%
Curtiss-Wright Corp.		1,059,195	$	97,212,917
Esterline Technologies Corp.a		709,975		67,305,630
Huntington Ingalls Industries Inc.		1,101,549		205,064,362
KLX Inc.a,b		1,238,159		61,907,950
Orbital ATK Inc.		1,376,123		135,355,458
Teledyne Technologies Inc.a		841,422		107,407,519
				674,253,836
AIRLINES — 0.46%
JetBlue Airways Corp.a,b		7,987,472		182,353,986
				182,353,986
AUTO COMPONENTS — 0.64%
Cooper Tire & Rubber Co.		1,278,083		46,138,796
Dana Inc.		3,446,807		76,967,200
Gentex Corp.		6,876,440		130,446,067
				253,552,063
AUTOMOBILES — 0.30%
Thor Industries Inc.		1,145,531		119,730,900
				119,730,900
BANKS — 8.14%
Associated Banc-Corp.		3,631,929		91,524,611
BancorpSouth Inc.		1,989,936		60,693,048
Bank of Hawaii Corp.		1,018,487		84,503,866
Bank of the Ozarks Inc.		2,907,841		136,290,508
Cathay General Bancorp.		1,809,782		68,681,227
Chemical Financial Corp.		1,702,494		82,417,734
Commerce Bancshares Inc./MO		2,091,901		118,882,734
Cullen/Frost Bankers Inc.		1,357,089		127,444,228
East West Bancorp. Inc.		3,458,507		202,599,340
F.N.B. Corp.		7,736,473		109,548,458
First Horizon National Corp.		5,574,328		97,104,794
Fulton Financial Corp.		4,207,548		79,943,412
Hancock Holding Co.		2,034,158		99,673,742
Home BancShares Inc./AR		3,044,358		75,804,514
International Bancshares Corp.		1,386,037		48,580,597
MB Financial Inc.		1,699,113		74,828,936

Security	Shares		Value
PacWest Bancorp.		2,869,383	$	134,000,186
Pinnacle Financial Partners Inc.		1,733,403		108,857,708
Prosperity Bancshares Inc.		1,663,311		106,851,099
Signature Bank/New York NYa,b		1,285,025		184,439,638
SVB Financial Groupa,b		1,251,662		220,029,663
Synovus Financial Corp.		2,927,493		129,512,290
TCF Financial Corp.		4,082,789		65,079,657
Texas Capital Bancshares Inc.a,b		1,181,867		91,476,506
Trustmark Corp.		1,650,496		53,079,951
UMB Financial Corp.		1,046,030		78,305,806
Umpqua Holdings Corp.		5,255,291		96,487,143
United Bankshares Inc./WV		2,499,943		97,997,766
Valley National Bancorp.		6,290,978		74,296,450
Webster Financial Corp.		2,207,164		115,258,104
Wintrust Financial Corp.		1,332,271		101,838,795
				3,216,032,511
BEVERAGES — 0.07%
Boston Beer Co. Inc. (The) Class Aa,b		221,276		29,241,623
				29,241,623
BIOTECHNOLOGY — 0.75%
Bioverativ Inc.a		2,588,962		155,777,844
United Therapeutics Corp.a,b		1,074,402		139,382,171
				295,160,015
BUILDING PRODUCTS — 0.93%
AO Smith Corp.		3,525,308		198,580,600
Lennox International Inc.		919,318		168,823,557
				367,404,157
CAPITAL MARKETS — 3.06%
Eaton Vance Corp. NVS		2,741,627		129,733,790
FactSet Research Systems Inc.		944,539		156,963,491
Federated Investors Inc. Class B NVS		1,824,753		51,549,272
Janus Henderson Group PLCa		4,317,635		142,956,895
Legg Mason Inc.		2,042,400		77,937,984
MarketAxess Holdings Inc.		899,722		180,934,094
MSCI Inc.		2,158,907		222,345,832

13

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P MID-CAP ETF

June 30, 2017

Security	Shares		Value
SEI Investments Co.		3,191,255	$	171,625,694
Stifel Financial Corp.a,b		1,632,080		75,043,038
				1,209,090,090
CHEMICALS — 2.97%
Ashland Global Holdings Inc.		1,489,647		98,182,634
Cabot Corp.		1,489,675		79,593,335
Chemours Co. (The)		4,418,099		167,534,314
Minerals Technologies Inc.		836,627		61,241,096
NewMarket Corp.		221,275		101,892,712
Olin Corp.		3,955,659		119,777,355
PolyOne Corp.		1,957,110		75,818,441
RPM International Inc.		3,197,529		174,425,207
Scotts Miracle-Gro Co. (The) Class A		1,055,201		94,398,282
Sensient Technologies Corp.		1,059,512		85,322,501
Valvoline Inc.b		4,895,125		116,112,365
				1,174,298,242
COMMERCIAL SERVICES & SUPPLIES — 1.55%
Clean Harbors Inc.a,b		1,241,272		69,300,216
Copart Inc.a,b		4,887,862		155,385,133
Deluxe Corp.		1,156,435		80,048,431
Herman Miller Inc.		1,452,498		44,155,939
HNI Corp.		1,067,329		42,554,407
MSA Safety Inc.		750,897		60,950,310
Pitney Bowes Inc.		4,464,374		67,412,047
Rollins Inc.		2,287,202		93,111,993
				612,918,476
COMMUNICATIONS EQUIPMENT — 1.52%
ARRIS International PLCa,b		4,495,118		125,953,206
Brocade Communications Systems Inc.		9,841,760		124,104,594
Ciena Corp.a,b		3,380,290		84,574,856
InterDigital Inc./PA		831,841		64,301,309
NetScout Systems Inc.a,b		2,195,559		75,527,230
Plantronics Inc.		804,549		42,085,958
ViaSat Inc.a,b		1,268,304		83,961,725
				600,508,878
CONSTRUCTION & ENGINEERING — 1.16%
AECOMa,b		3,713,323		120,051,733
Dycom Industries Inc.a,b		743,978		66,600,910
EMCOR Group Inc.		1,417,958		92,706,094
Granite Construction Inc.		963,432		46,475,960

Security	Shares		Value
KBR Inc.		3,466,241	$	52,756,188
Valmont Industries Inc.		538,479		80,556,458
				459,147,343
CONSTRUCTION MATERIALS — 0.27%
Eagle Materials Inc.b		1,157,337		106,961,086
				106,961,086
CONSUMER FINANCE — 0.30%
SLM Corp.a,b		10,277,602		118,192,423
				118,192,423
CONTAINERS & PACKAGING — 2.00%
AptarGroup Inc.		1,488,551		129,295,540
Bemis Co. Inc.		2,201,119		101,801,754
Greif Inc. Class A NVS		630,940		35,193,833
Owens-Illinois Inc.a,b		3,879,332		92,793,622
Packaging Corp. of America		2,246,198		250,203,995
Silgan Holdings Inc.b		1,813,614		57,636,653
Sonoco Products Co.		2,369,717		121,850,848
				788,776,245
DISTRIBUTORS — 0.29%
Pool Corp.		985,993		115,923,197
				115,923,197
DIVERSIFIED CONSUMER SERVICES — 0.83%
Adtalem Global Education Inc.		1,364,194		51,771,162
Graham Holdings Co. Class B		110,968		66,541,961
Service Corp. International/U.S.		4,499,926		150,522,525
Sotheby’sa,b		1,096,899		58,870,570
				327,706,218
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.08%
Frontier Communications Corp.b		28,523,055		33,086,744
				33,086,744
ELECTRIC UTILITIES — 1.92%
Great Plains Energy Inc.		5,160,977		151,113,407
Hawaiian Electric Industries Inc.		2,603,164		84,290,450
IDACORP Inc.		1,206,204		102,949,511
OGE Energy Corp.		4,780,369		166,309,038
PNM Resources Inc.		1,906,750		72,933,188

14

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P MID-CAP ETF

June 30, 2017

Security	Shares		Value
Westar Energy Inc.		3,400,169	$	180,276,960
				757,872,554
ELECTRICAL EQUIPMENT — 0.76%
EnerSys		1,037,601		75,174,192
Hubbell Inc.		1,225,339		138,671,615
Regal Beloit Corp.		1,068,467		87,133,484
				300,979,291
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.90%
Arrow Electronics Inc.a,b		2,126,597		166,767,737
Avnet Inc.		2,992,383		116,343,851
Belden Inc.b		1,007,940		76,028,914
Cognex Corp.		2,069,060		175,663,194
Coherent Inc.a,b		587,195		132,113,003
IPG Photonics Corp.a,b		896,034		130,014,533
Jabil Inc.		4,363,432		127,368,580
Keysight Technologies Inc.a,b		4,414,084		171,840,290
Knowles Corp.a,b		2,164,346		36,620,734
Littelfuse Inc.		541,114		89,283,810
National Instruments Corp.		2,533,858		101,911,769
SYNNEX Corp.		694,772		83,344,849
Tech Data Corp.a,b		827,240		83,551,240
Trimble Inc.a,b		6,053,541		215,929,807
VeriFone Systems Inc.a,b		2,661,397		48,171,286
Vishay Intertechnology Inc.b		3,246,646		53,894,324
Zebra Technologies Corp. Class Aa,b		1,263,057		126,962,490
				1,935,810,411
ENERGY EQUIPMENT & SERVICES — 1.00%
Diamond Offshore Drilling Inc.a,b		1,580,682		17,118,786
Dril-Quip Inc.a,b		919,973		44,894,683
Ensco PLC Class Ab		7,395,014		38,158,272
Nabors Industries Ltd.		6,918,585		56,317,282
Oceaneering International Inc.		2,371,650		54,168,486
Oil States International Inc.a,b		1,249,416		33,921,644
Patterson-UTI Energy Inc.		3,957,921		79,910,425
Rowan Companies PLC Class Aa		3,068,499		31,421,430

Security	Shares		Value
Superior Energy Services Inc.a,b		3,718,531	$	38,784,278
				394,695,286
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 9.37%
American Campus Communities Inc.		3,196,879		151,212,377
Camden Property Trustb		2,097,911		179,392,370
Care Capital Properties Inc.		2,066,298		55,170,157
CoreCivic Inc.b		2,847,622		78,537,415
Corporate Office Properties Trustb		2,387,867		83,646,981
Cousins Properties Inc.b		9,988,136		87,795,715
CyrusOne Inc.b		1,868,898		104,191,063
DCT Industrial Trust Inc.b		2,200,391		117,588,895
Douglas Emmett Inc.b		3,509,697		134,105,522
Duke Realty Corp.		8,478,708		236,979,889
Education Realty Trust Inc.b		1,744,895		67,614,681
EPR Propertiesb		1,533,549		110,216,167
First Industrial Realty Trust Inc.b		2,796,265		80,029,104
GEO Group Inc. (The)b		2,969,227		87,800,042
Healthcare Realty Trust Inc.b		2,776,363		94,812,796
Highwoods Properties Inc.b		2,432,551		123,354,661
Hospitality Properties Trust		3,653,370		106,495,735
Kilroy Realty Corp.b		2,343,481		176,112,597
Lamar Advertising Co. Class Ab		1,998,246		147,010,958
LaSalle Hotel Propertiesb		2,699,567		80,447,097
Liberty Property Trustb		3,510,149		142,898,166
Life Storage Inc.b		1,113,026		82,475,227
Mack-Cali Realty Corp.b		2,150,678		58,369,401
Medical Properties Trust Inc.b		8,653,810		111,374,535
National Retail Properties Inc.b		3,554,644		138,986,580
Omega Healthcare Investors Inc.b		4,711,043		155,558,640
Potlatch Corp.b		968,320		44,252,224
Quality Care Properties Inc.a,b		2,231,733		40,863,031
Rayonier Inc.b		3,083,315		88,706,973

15

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P MID-CAP ETF

June 30, 2017

Security	Shares		Value
Senior Housing Properties Trust		5,539,544	$	113,228,279
Tanger Factory Outlet Centers Inc.b		2,330,248		60,539,843
Taubman Centers Inc.b		1,460,891		86,996,059
Uniti Group Inc.a		3,759,209		94,506,514
Urban Edge Propertiesb		2,394,061		56,811,068
Washington Prime Group Inc.b		4,525,502		37,878,452
Weingarten Realty Investorsb		2,816,348		84,772,075
				3,700,731,289
FOOD & STAPLES RETAILING — 0.54%
Casey’s General Stores Inc.		934,188		100,060,876
Sprouts Farmers Market Inc.a,b		3,100,697		70,292,801
United Natural Foods Inc.a,b		1,206,321		44,271,981
				214,625,658
FOOD PRODUCTS — 2.38%
Dean Foods Co.		2,211,348		37,592,916
Flowers Foods Inc.		4,407,449		76,292,942
Hain Celestial Group Inc. (The)a,b		2,476,249		96,127,986
Ingredion Inc.		1,715,854		204,546,955
Lamb Weston Holdings Inc.		3,321,621		146,284,189
Lancaster Colony Corp.		464,627		56,972,563
Post Holdings Inc.a,b		1,586,014		123,153,987
Snyder’s-Lance Inc.		2,050,643		70,993,261
Tootsie Roll Industries Inc.b		436,212		15,201,988
TreeHouse Foods Inc.a,b		1,357,689		110,909,615
				938,076,402
GAS UTILITIES — 2.23%
Atmos Energy Corp.		2,520,310		209,059,714
National Fuel Gas Co.		2,036,651		113,726,592
New Jersey Resources Corp.		2,069,115		82,143,866
ONE Gas Inc.		1,262,383		88,126,957
Southwest Gas Holdings Inc.		1,133,979		82,848,506
UGI Corp.		4,144,055		200,613,703
WGL Holdings Inc.		1,226,059		102,290,102
				878,809,440
HEALTH CARE EQUIPMENT & SUPPLIES — 3.62%
ABIOMED Inc.a,b		977,035		140,009,116

Security	Shares		Value
Globus Medical Inc. Class Aa,b		1,743,256	$	57,788,936
Halyard Health Inc.a		1,133,698		44,531,657
Hill-Rom Holdings Inc.		1,435,860		114,308,815
LivaNova PLCa,b		1,033,858		63,282,448
Masimo Corp.a,b		1,083,207		98,766,814
NuVasive Inc.a,b		1,208,024		92,921,206
ResMed Inc.b		3,381,511		263,318,262
STERIS PLC		2,033,036		165,692,434
Teleflex Inc.		1,076,726		223,700,594
West Pharmaceutical Services Inc.		1,753,854		165,774,280
				1,430,094,562
HEALTH CARE PROVIDERS & SERVICES — 2.33%
Acadia Healthcare Co. Inc.a,b		1,821,988		89,969,767
HealthSouth Corp.		2,149,793		104,049,981
LifePoint Health Inc.a,b		967,775		64,986,091
MEDNAX Inc.a,b		2,226,560		134,417,427
Molina Healthcare Inc.a,b		1,030,084		71,261,211
Owens & Minor Inc.b		1,480,913		47,670,590
Tenet Healthcare Corp.a,b		1,959,923		37,904,911
VCA Inc.a,b		1,945,272		179,568,058
WellCare Health Plans Inc.a		1,060,858		190,487,663
				920,315,699
HEALTH CARE TECHNOLOGY — 0.41%
Allscripts Healthcare Solutions Inc.a,b		4,377,241		55,853,595
Medidata Solutions Inc.a		1,327,039		103,774,450
				159,628,045
HOTELS, RESTAURANTS & LEISURE — 2.81%
Brinker International Inc.		1,184,045		45,112,115
Buffalo Wild Wings Inc.a,b		387,602		49,109,173
Cheesecake Factory Inc. (The)b		1,077,806		54,213,642
Churchill Downs Inc.		298,839		54,777,189
Cracker Barrel Old Country Store Inc.b		573,312		95,886,432
Domino’s Pizza Inc.		1,146,638		242,548,336
Dunkin’ Brands Group Inc.		2,197,423		121,121,956
International Speedway Corp. Class A		547,018		20,540,526
Jack in the Box Inc.		701,372		69,085,142

16

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P MID-CAP ETF

June 30, 2017

Security	Shares		Value
Panera Bread Co. Class Aa		510,638	$	160,667,140
Papa John’s International Inc.		631,196		45,294,625
Texas Roadhouse Inc.		1,555,730		79,264,443
Wendy’s Co. (The)		4,583,009		71,082,470
				1,108,703,189
HOUSEHOLD DURABLES — 1.80%
CalAtlantic Group Inc.b		1,842,971		65,149,025
Helen of Troy Ltd.a,b		654,355		61,574,806
KB Homeb		1,981,297		47,491,689
NVR Inc.a,b		83,065		200,237,320
Tempur Sealy International Inc.a,b		1,134,847		60,589,481
Toll Brothers Inc.		3,541,889		139,940,034
TRI Pointe Group Inc.a,b		3,792,525		50,023,405
Tupperware Brands Corp.		1,214,176		85,271,580
				710,277,340
HOUSEHOLD PRODUCTS — 0.18%
Energizer Holdings Inc.		1,474,330		70,797,327
				70,797,327
INDUSTRIAL CONGLOMERATES — 0.37%
Carlisle Companies Inc.		1,546,274		147,514,540
				147,514,540
INSURANCE — 4.12%
Alleghany Corp.a,b		309,375		184,016,250
American Financial Group Inc./OH		1,763,187		175,207,892
Aspen Insurance Holdings Ltd.		1,438,160		71,692,276
Brown & Brown Inc.		2,742,570		118,122,490
CNO Financial Group Inc.		3,559,339		74,318,998
First American Financial Corp.		2,666,534		119,167,405
Genworth Financial Inc. Class Aa		11,031,015		41,586,927
Hanover Insurance Group Inc. (The)		1,017,512		90,182,089
Kemper Corp.		1,161,885		44,848,761
Mercury General Corp.		870,413		47,002,302
Old Republic International Corp.		5,844,980		114,152,459
Primerica Inc.		1,039,043		78,707,507

Security	Shares		Value
Reinsurance Group of America Inc.		1,541,294	$	197,886,737
RenaissanceRe Holdings Ltd.		798,839		111,078,563
WR Berkley Corp.		2,312,384		159,947,601
				1,627,918,257
INTERNET & DIRECT MARKETING RETAIL — 0.06%
HSN Inc.		778,207		24,824,803
				24,824,803
INTERNET SOFTWARE & SERVICES — 0.83%
Cars.com Inc.a		1,732,121		46,126,382
j2 Global Inc.		1,149,129		97,779,387
LogMeIn Inc.		1,256,122		131,264,749
WebMD Health Corp.a,b		899,707		52,767,815
				327,938,333
IT SERVICES — 3.44%
Acxiom Corp.a,b		1,893,171		49,184,583
Broadridge Financial Solutions Inc.		2,814,542		212,666,793
Convergys Corp.		2,244,318		53,369,882
CoreLogic Inc./U.S.a,b		2,018,165		87,547,998
DST Systems Inc.		1,478,551		91,226,597
Jack Henry & Associates Inc.		1,858,705		193,063,688
Leidos Holdings Inc.		3,421,151		176,839,295
MAXIMUS Inc.b		1,551,646		97,179,589
NeuStar Inc. Class Aa,b		805,074		26,849,218
Sabre Corp.		4,906,790		106,820,818
Science Applications International Corp.		1,046,154		72,624,011
Teradata Corp.a,b		3,121,721		92,059,552
WEX Inc.a,b		928,512		96,815,946
				1,356,247,970
LEISURE PRODUCTS — 0.67%
Brunswick Corp./DE		2,137,781		134,103,002
Polaris Industries Inc.b		1,402,318		129,335,789
				263,438,791
LIFE SCIENCES TOOLS & SERVICES — 1.30%
Bio-Rad Laboratories Inc. Class Aa		496,386		112,337,116
Bio-Techne Corp.		890,181		104,596,267
Charles River Laboratories International Inc.a		1,143,731		115,688,391

17

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P MID-CAP ETF

June 30, 2017

Security	Shares		Value
INC Research Holdings Inc. Class Aa,b		1,301,917	$	76,162,144
PAREXEL International Corp.a,b		1,215,080		105,602,603
				514,386,521
MACHINERY — 5.05%
AGCO Corp.		1,601,324		107,913,224
Crane Co.		1,213,828		96,353,667
Donaldson Co. Inc.		3,162,144		144,004,038
Graco Inc.		1,329,785		145,318,905
IDEX Corp.		1,826,524		206,415,477
ITT Inc.		2,114,081		84,943,775
Kennametal Inc.		1,938,387		72,534,442
Lincoln Electric Holdings Inc.		1,480,491		136,338,416
Nordson Corp.		1,278,026		155,050,114
Oshkosh Corp.		1,783,399		122,840,523
Terex Corp.		2,327,146		87,267,975
Timken Co. (The)		1,673,670		77,407,237
Toro Co. (The)		2,575,302		178,442,676
Trinity Industries Inc.		3,628,350		101,702,650
Wabtec Corp./DEb		2,067,253		189,153,649
Woodward Inc.		1,320,046		89,208,709
				1,994,895,477
MARINE — 0.22%
Kirby Corp.a,b		1,287,690		86,082,077
				86,082,077
MEDIA — 1.51%
AMC Networks Inc. Class Aa,b		1,319,234		70,460,288
Cable One Inc.		112,254		79,801,368
Cinemark Holdings Inc.		2,535,980		98,522,823
John Wiley & Sons Inc. Class A		1,072,084		56,552,431
Live Nation Entertainment Inc.a,b		3,197,373		111,428,449
Meredith Corp.b		865,984		51,482,749
New York Times Co. (The) Class A		2,912,788		51,556,348
TEGNA Inc.		5,176,310		74,590,627
				594,395,083
METALS & MINING — 2.01%
Allegheny Technologies Inc.b		2,594,731		44,136,374

Security	Shares		Value
Carpenter Technology Corp.		1,114,451	$	41,713,901
Commercial Metals Co.		2,802,184		54,446,435
Compass Minerals International Inc.b		819,122		53,488,667
Reliance Steel & Aluminum Co.		1,744,635		127,026,874
Royal Gold Inc.		1,563,979		122,256,239
Steel Dynamics Inc.		5,787,747		207,259,220
U.S. Steel Corp.b		4,164,538		92,202,871
Worthington Industries Inc.		1,047,691		52,615,042
				795,145,623
MULTI-UTILITIES — 1.00%
Black Hills Corp.		1,274,730		86,006,033
MDU Resources Group Inc.		4,675,039		122,486,022
NorthWestern Corp.		1,155,389		70,501,837
Vectren Corp.		1,985,621		116,039,691
				395,033,583
MULTILINE RETAIL — 0.21%
Big Lots Inc.b		1,085,222		52,416,223
Dillard’s Inc. Class Ab		515,870		29,760,540
				82,176,763
OIL, GAS & CONSUMABLE FUELS — 1.99%
CONSOL Energy Inc.a,b		4,283,623		63,997,327
Energen Corp.a		2,323,475		114,709,961
Gulfport Energy Corp.a,b		3,807,781		56,164,770
HollyFrontier Corp.		4,245,305		116,618,528
Matador Resources Co.a,b		2,236,899		47,802,532
PBF Energy Inc. Class A		2,639,347		58,751,864
QEP Resources Inc.a		5,734,531		57,918,763
SM Energy Co.b		2,373,913		39,240,782
Southwestern Energy Co.a		12,061,563		73,334,303
World Fuel Services Corp.		1,653,280		63,568,616
WPX Energy Inc.a,b		9,567,953		92,426,426
				784,533,872
PAPER & FOREST PRODUCTS — 0.36%
Domtar Corp.		1,492,353		57,336,202
Louisiana-Pacific Corp.a		3,451,279		83,210,337
				140,546,539
PERSONAL PRODUCTS — 0.56%
Avon Products Inc.a		10,674,339		40,562,488
Edgewell Personal Care Co.a		1,369,108		104,079,590

18

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P MID-CAP ETF

June 30, 2017

Security	Shares		Value
Nu Skin Enterprises Inc. Class A		1,195,007	$	75,094,240
				219,736,318
PHARMACEUTICALS — 0.75%
Akorn Inc.a,b		2,078,924		69,727,111
Catalent Inc.a		2,991,195		104,990,945
Endo International PLCa		4,734,748		52,887,135
Prestige Brands Holdings Inc.a,b		1,267,647		66,944,438
				294,549,629
PROFESSIONAL SERVICES — 0.79%
Dun & Bradstreet Corp. (The)		879,753		95,145,287
FTI Consulting Inc.a,b		1,008,731		35,265,236
ManpowerGroup Inc.		1,605,699		179,276,293
				309,686,816
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.46%
Alexander & Baldwin Inc.		1,101,546		45,581,973
Jones Lang LaSalle Inc.b		1,084,015		135,501,875
				181,083,848
ROAD & RAIL — 1.33%
Avis Budget Group Inc.a,b		2,016,578		54,992,082
Genesee & Wyoming Inc. Class Aa,b		1,479,840		101,206,258
Landstar System Inc.b		1,008,672		86,342,323
Old Dominion Freight Line Inc.b		1,657,709		157,880,205
Ryder System Inc.		1,277,420		91,948,692
Werner Enterprises Inc.		1,090,194		31,997,194
				524,366,754
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.46%
Cirrus Logic Inc.a,b		1,535,899		96,331,585
Cree Inc.a,b		2,319,749		57,181,813
Cypress Semiconductor Corp.		7,915,872		108,051,653
First Solar Inc.a,b		1,865,006		74,376,439
Integrated Device Technology Inc.a,b		3,183,414		82,100,247
Microsemi Corp.a,b		2,753,365		128,857,482
Monolithic Power Systems Inc.		905,253		87,266,389

Security	Shares		Value
Silicon Laboratories Inc.a,b		1,012,491	$	69,203,760
Synaptics Inc.a,b		821,271		42,467,923
Teradyne Inc.		4,762,465		143,016,824
Versum Materials Inc.		2,591,237		84,215,203
				973,069,318
SOFTWARE — 4.05%
ACI Worldwide Inc.a,b		2,843,846		63,616,835
Blackbaud Inc.		1,144,381		98,130,671
Cadence Design Systems Inc.a		6,666,745		223,269,290
CDK Global Inc.		3,475,479		215,688,227
CommVault Systems Inc.a		1,000,649		56,486,636
Fair Isaac Corp.		741,253		103,338,081
Fortinet Inc.a		3,562,189		133,368,356
Manhattan Associates Inc.a,b		1,662,443		79,897,010
PTC Inc.a,b		2,765,307		152,423,722
Take-Two Interactive Software Inc.a,b		2,485,293		182,370,800
Tyler Technologies Inc.a,b		808,590		142,045,005
Ultimate Software Group Inc. (The)a,b		711,281		149,411,687
				1,600,046,320
SPECIALTY RETAIL — 1.83%
Aaron’s Inc.		1,505,419		58,560,799
American Eagle Outfitters Inc.		3,982,523		47,989,402
Cabela’s Inc.a		1,245,965		74,035,240
Chico’s FAS Inc.		3,150,184		29,674,733
Dick’s Sporting Goods Inc.		2,101,012		83,683,308
GameStop Corp. Class A		2,424,082		52,384,412
Michaels Companies Inc. (The)a,b		2,560,644		47,423,127
Murphy USA Inc.a,b		824,235		61,084,056
Office Depot Inc.		12,473,929		70,352,960
Sally Beauty Holdings Inc.a,b		3,290,371		66,630,013
Urban Outfitters Inc.a,b		2,146,176		39,790,103
Williams-Sonoma Inc.		1,908,073		92,541,540
				724,149,693
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.55%
3D Systems Corp.a,b		2,606,635		48,744,074
Diebold Nixdorf Inc.		1,829,937		51,238,236

19

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P MID-CAP ETF

June 30, 2017

Security	Shares		Value
NCR Corp.a		2,901,527	$	118,498,363
				218,480,673
TEXTILES, APPAREL & LUXURY GOODS — 0.78%
Carter’s Inc.		1,158,363		103,036,389
Deckers Outdoor Corp.a,b		774,411		52,861,295
Kate Spade & Co.a		3,080,270		56,954,192
Skechers U.S.A. Inc. Class Aa,b		3,202,512		94,474,104
				307,325,980
THRIFTS & MORTGAGE FINANCE — 0.57%
New York Community Bancorp. Inc.		11,706,451		153,705,702
Washington Federal Inc.		2,132,570		70,801,324
				224,507,026
TRADING COMPANIES & DISTRIBUTORS — 0.78%
GATX Corp.b		936,013		60,157,556
MSC Industrial Direct Co. Inc. Class A		1,075,039		92,410,352
NOW Inc.a,b		2,609,552		41,961,596
Watsco Inc.		724,754		111,757,067
				306,286,571
WATER UTILITIES — 0.36%
Aqua America Inc.		4,251,237		141,566,192
				141,566,192
WIRELESS TELECOMMUNICATION SERVICES — 0.16%
Telephone & Data Systems Inc.		2,264,088		62,828,442
				62,828,442
TOTAL COMMON STOCKS
(Cost: $35,187,257,398)				39,428,516,338

Security	Shares		Value
SHORT-TERM INVESTMENTS — 6.86%
MONEY MARKET FUNDS — 6.86%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		2,567,899,792	$	2,568,670,163
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		142,209,160		142,209,160
				2,710,879,323
TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,710,534,838)				2,710,879,323
TOTAL INVESTMENTS IN SECURITIES — 106.71% (Cost: $37,897,792,236)f				42,139,395,661
Other Assets, Less Liabilities — (6.71)%				(2,649,797,070	)
NET ASSETS — 100.00%			$	39,489,598,591

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $38,529,497,225. Net unrealized appreciation was $3,609,898,436, of which $6,061,733,516 represented gross unrealized appreciation on securities and $2,451,835,080 represented gross unrealized depreciation on securities.

Schedule 1 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P MidCap 400 E-Mini		418		Sep. 2017		Chicago Mercantile	$	72,624,284	$	72,986,980	$	362,696

20

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P MID-CAP ETF

June 30, 2017

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	39,428,516,338	$	—	$	—	$	39,428,516,338
Money market funds		2,710,879,323		—		—		2,710,879,323
Total	$	42,139,395,661	$	—	$	—	$	42,139,395,661
Derivative financial instrumentsa:
Assets:
Futures contracts	$	362,696	$	—	$	—	$	362,696
Total	$	362,696	$	—	$	—	$	362,696

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

21

Schedule of Investments (Unaudited)

iSHARES^® CORE S&P SMALL-CAP ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.84%
AEROSPACE & DEFENSE — 1.81%
AAR Corp.		1,373,324	$	47,736,742
Aerojet Rocketdyne Holdings Inc.a,b		3,193,422		66,423,178
Aerovironment Inc.a,b		888,198		33,929,164
Axon Enterprise Inc.a,b		2,252,886		56,637,554
Cubic Corp.		1,070,605		49,569,011
Engility Holdings Inc.a,b		766,896		21,779,846
Mercury Systems Inc.a,b		2,040,354		85,878,500
Moog Inc. Class Aa		1,373,613		98,515,524
National Presto Industries Inc.		212,169		23,444,675
Triumph Group Inc.b		2,119,630		66,980,308
				550,894,502
AIR FREIGHT & LOGISTICS — 0.66%
Atlas Air Worldwide Holdings Inc.a,b		1,080,116		56,328,050
Echo Global Logistics Inc.a,b		1,179,128		23,464,647
Forward Air Corp.		1,274,976		67,930,721
Hub Group Inc. Class Aa,b		1,410,715		54,100,920
				201,824,338
AIRLINES — 0.85%
Allegiant Travel Co.		559,464		75,863,318
Hawaiian Holdings Inc.a,b		2,268,021		106,483,586
SkyWest Inc.		2,204,590		77,381,109
				259,728,013
AUTO COMPONENTS — 1.80%
American Axle & Manufacturing Holdings Inc.a,b		3,565,309		55,618,820
Cooper-Standard Holding Inc.a		761,133		76,775,486
Dorman Products Inc.a,b		1,277,804		105,763,837
Fox Factory Holding Corp.a,b		1,469,781		52,324,204
Gentherm Inc.a,b		1,562,913		60,641,024
LCI Industriesb		1,062,538		108,803,891
Motorcar Parts of America Inc.a,b		794,050		22,423,972

Security	Shares		Value
Standard Motor Products Inc.		859,411	$	44,878,443
Superior Industries International Inc.		982,275		20,185,751
				547,415,428
AUTOMOBILES — 0.13%
Winnebago Industries Inc.b		1,140,019		39,900,665
				39,900,665
BANKS — 7.94%
Ameris Bancorp.		1,581,401		76,223,528
Banc of California Inc.b		2,149,791		46,220,506
Banner Corp.		1,122,705		63,444,060
Boston Private Financial Holdings Inc.		3,612,113		55,445,935
Brookline Bancorp. Inc.		3,289,716		48,029,854
Central Pacific Financial Corp.		1,303,408		41,018,250
City Holding Co.b		671,783		44,250,346
Columbia Banking System Inc.		2,479,086		98,791,577
Community Bank System Inc.		2,087,517		116,420,823
Customers Bancorp. Inc.a,b		1,239,817		35,062,025
CVB Financial Corp.		4,353,399		97,646,740
Fidelity Southern Corp.		927,343		21,199,061
First BanCorp./Puerto Ricoa		6,783,755		39,277,941
First Commonwealth Financial Corp.		3,771,707		47,825,245
First Financial Bancorp.		2,657,348		73,608,540
First Financial Bankshares Inc.b		2,808,937		124,155,015
First Midwest Bancorp. Inc./IL		3,471,219		80,914,115
Glacier Bancorp. Inc.		3,268,213		119,649,278
Great Western Bancorp. Inc.		2,505,859		102,264,106
Hanmi Financial Corp.		1,390,798		39,568,203
Hope Bancorp Inc.		5,427,645		101,225,579
Independent Bank Corp./Rockland MA		1,159,922		77,308,801
LegacyTexas Financial Group Inc.		1,786,447		68,117,224
National Bank Holdings Corp. Class A		1,152,831		38,170,234

22

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P SMALL-CAP ETF

June 30, 2017

Security	Shares		Value
NBT Bancorp. Inc.		1,859,027	$	68,691,048
OFG Bancorp.		1,888,559		18,885,590
Old National Bancorp./IN		5,780,749		99,717,920
Opus Bankb		790,922		19,140,312
S&T Bancorp. Inc.		1,499,856		53,784,836
ServisFirst Bancshares Inc.		1,892,118		69,800,233
Simmons First National Corp. Class A		1,278,153		67,614,294
Southside Bancshares Inc.		1,172,253		40,958,520
Sterling Bancorp./DE		5,780,099		134,387,302
Tompkins Financial Corp.		530,217		41,738,682
United Community Banks Inc./GA		3,033,782		84,339,140
Westamerica Bancorp.		1,125,778		63,088,599
				2,417,983,462
BEVERAGES — 0.15%
Coca-Cola Bottling Co. Consolidatedb		199,534		45,667,347
				45,667,347
BIOTECHNOLOGY — 1.92%
Acorda Therapeutics Inc.a,b		2,006,690		39,531,793
AMAG Pharmaceuticals Inc.a,b		1,520,108		27,969,987
Cytokinetics Inc.a,b		1,963,340		23,756,414
Eagle Pharmaceuticals Inc./DEa,b		334,595		26,396,200
Emergent BioSolutions Inc.a,b		1,492,315		50,604,402
Enanta Pharmaceuticals Inc.a,b		594,441		21,387,987
Ligand Pharmaceuticals Inc.a,b		812,641		98,654,617
MiMedx Group Inc.a,b		4,310,523		64,528,529
Momenta Pharmaceuticals Inc.a,b		2,855,545		48,258,710
Myriad Genetics Inc.a,b		2,910,508		75,207,527
Progenics Pharmaceuticals Inc.a,b		2,965,669		20,136,893
Repligen Corp.a,b		1,562,818		64,763,178
Spectrum Pharmaceuticals Inc.a,b		2,984,640		22,235,568
				583,431,805
BUILDING PRODUCTS — 2.08%
AAON Inc.b		1,675,001		61,723,787

Security	Shares		Value
American Woodmark Corp.a		591,188	$	56,488,013
Apogee Enterprises Inc.		1,228,839		69,847,209
Gibraltar Industries Inc.a,b		1,328,067		47,345,589
Griffon Corp.		1,348,166		29,592,244
Insteel Industries Inc.b		730,735		24,092,333
Patrick Industries Inc.a,b		683,786		49,813,810
PGT Innovations Inc.a,b		2,146,233		27,471,782
Quanex Building Products Corp.		1,490,725		31,528,834
Simpson Manufacturing Co. Inc.		1,719,858		75,174,993
Trex Co. Inc.a,b		1,256,349		85,004,573
Universal Forest Products Inc.		875,426		76,433,444
				634,516,611
CAPITAL MARKETS — 1.91%
Donnelley Financial Solutions Inc.a		1,395,900		32,049,864
Evercore Partners Inc. Class A		1,740,592		122,711,736
Financial Engines Inc.b		2,458,799		89,992,043
Greenhill & Co. Inc.		1,198,342		24,086,674
Interactive Brokers Group Inc. Class A		2,901,125		108,560,098
INTL. FCStone Inc.a,b		657,650		24,832,864
Investment Technology Group Inc.		943,356		20,036,881
Piper Jaffray Companies		607,504		36,419,865
Virtus Investment Partners Inc.		287,277		31,873,383
Waddell & Reed Financial Inc. Class A		2,406,423		45,433,266
WisdomTree Investments Inc.		4,533,545		46,106,153
				582,102,827
CHEMICALS — 2.95%
A Schulman Inc.		1,269,833		40,634,656
AdvanSix Inc.a,b		1,294,715		40,446,897
American Vanguard Corp.		1,110,710		19,159,748
Balchem Corp.		1,355,279		105,318,731
Calgon Carbon Corp.		2,188,619		33,048,147
Flotek Industries Inc.a,b		2,326,064		20,795,012
FutureFuel Corp.		952,190		14,368,547

23

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P SMALL-CAP ETF

June 30, 2017

Security	Shares		Value
Hawkins Inc.		417,886	$	19,369,016
HB Fuller Co.		2,155,545		110,169,905
Ingevity Corp.a		1,788,683		102,670,404
Innophos Holdings Inc.		840,241		36,836,165
Innospec Inc.		1,032,952		67,710,004
Koppers Holdings Inc.a		898,737		32,489,343
Kraton Corp.a,b		1,335,155		45,982,738
LSB Industries Inc.a,b		877,416		9,063,707
Quaker Chemical Corp.		566,343		82,249,994
Rayonier Advanced Materials Inc.		1,872,477		29,435,338
Stepan Co.		835,006		72,762,423
Tredegar Corp.		1,100,507		16,782,732
				899,293,507
COMMERCIAL SERVICES & SUPPLIES — 3.60%
ABM Industries Inc.		2,365,325		98,208,294
Brady Corp. Class A		2,035,062		68,988,602
Brink’s Co. (The)		1,924,153		128,918,251
Essendant Inc.		1,633,008		24,217,509
Healthcare Services Group Inc.		3,096,385		145,003,710
Interface Inc.		2,695,889		52,974,219
LSC Communications Inc.		1,467,841		31,411,797
Matthews International Corp. Class A		1,371,002		83,973,872
Mobile Mini Inc.		1,890,694		56,437,216
Multi-Color Corp.b		568,267		46,370,587
RR Donnelley & Sons Co.		2,991,725		37,516,232
Team Inc.a,b		1,277,762		29,963,519
Tetra Tech Inc.		2,438,385		111,556,114
U.S. Ecology Inc.		935,787		47,257,243
UniFirst Corp./MAb		657,563		92,519,114
Viad Corp.		878,260		41,497,785
				1,096,814,064
COMMUNICATIONS EQUIPMENT — 1.71%
ADTRAN Inc.		2,087,001		43,096,571
Applied Optoelectronics Inc.a,b		746,714		46,139,458
Black Box Corp.		667,550		5,707,552
CalAmp Corp.a,b		1,493,532		30,363,505
Comtech Telecommunications Corp.		1,029,396		19,527,642
Digi International Inc.a,b		1,148,180		11,654,027

Security	Shares		Value
Harmonic Inc.a,b		3,404,972	$	17,876,103
Lumentum Holdings Inc.a,b		2,352,675		134,220,109
NETGEAR Inc.a,b		1,388,717		59,853,703
Oclaro Inc.a,b		5,409,947		50,528,905
Viavi Solutions Inc.a,b		9,656,964		101,687,831
				520,655,406
CONSTRUCTION & ENGINEERING — 0.40%
Aegion Corp.a,b		1,439,739		31,501,489
Comfort Systems USA Inc.		1,598,355		59,298,971
MYR Group Inc.a,b		718,772		22,296,307
Orion Group Holdings Inc.a		1,233,380		9,213,349
				122,310,116
CONSTRUCTION MATERIALS — 0.16%
U.S. Concrete Inc.a,b		636,369		49,986,785
				49,986,785
CONSUMER FINANCE — 1.15%
Encore Capital Group Inc.a,b		806,060		32,363,309
Enova International Inc.a,b		1,037,164		15,401,885
Ezcorp Inc. Class Aa,b		2,140,766		16,483,898
FirstCash Inc.		2,060,050		120,100,915
Green Dot Corp. Class Aa,b		1,872,474		72,146,423
PRA Group Inc.a,b		1,983,015		75,156,269
World Acceptance Corp.a,b		260,844		19,539,824
				351,192,523
CONTAINERS & PACKAGING — 0.06%
Myers Industries Inc.		958,101		17,197,913
				17,197,913
DISTRIBUTORS — 0.22%
Core-Mark Holding Co. Inc.		1,983,427		65,572,097
				65,572,097
DIVERSIFIED CONSUMER SERVICES — 0.46%
American Public Education Inc.a,b		689,253		16,300,833
Capella Education Co.		492,248		42,136,429
Career Education Corp.a,b		2,701,420		25,933,632
Regis Corp.a,b		1,508,415		15,491,422
Strayer Education Inc.b		442,600		41,259,172
				141,121,488
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.93%
ATN International Inc.		462,380		31,645,287
Cincinnati Bell Inc.a,b		1,823,063		35,640,882

24

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P SMALL-CAP ETF

June 30, 2017

Security	Shares		Value
Cogent Communications Holdings Inc.		1,745,048	$	69,976,425
Consolidated Communications Holdings Inc.		2,182,218		46,852,220
General Communication Inc. Class Aa,b		1,146,678		42,014,282
Iridium Communications Inc.a,b		3,490,517		38,570,213
Lumos Networks Corp.a,b		1,045,861		18,689,536
				283,388,845
ELECTRIC UTILITIES — 0.80%
ALLETE Inc.		2,155,116		154,478,715
El Paso Electric Co.		1,724,253		89,143,880
				243,622,595
ELECTRICAL EQUIPMENT — 0.52%
AZZ Inc.		1,113,410		62,128,278
Encore Wire Corp.b		882,431		37,679,804
General Cable Corp.		2,126,643		34,770,613
Powell Industries Inc.		369,817		11,830,446
Vicor Corp.a,b		677,137		12,120,752
				158,529,893
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.01%
Anixter International Inc.a		1,220,336		95,430,275
Badger Meter Inc.		1,253,081		49,935,278
Bel Fuse Inc. Class B		386,767		9,553,145
Benchmark Electronics Inc.a		2,128,462		68,749,323
CTS Corp.		1,414,841		30,560,566
Daktronics Inc.		1,780,420		17,145,445
Electro Scientific Industries Inc.a		1,373,165		11,314,880
ePlus Inc.a,b		559,796		41,480,884
Fabrineta,b		1,598,799		68,204,765
FARO Technologies Inc.a,b		717,663		27,127,661
II-VI Inc.a,b		2,326,592		79,802,106
Insight Enterprises Inc.a		1,515,251		60,594,887
Itron Inc.a		1,429,649		96,858,720
Methode Electronics Inc.		1,556,562		64,130,354
MTS Systems Corp.		720,450		37,319,310
OSI Systems Inc.a,b		758,866		57,028,780
Park Electrochemical Corp.		833,757		15,357,804
Plexus Corp.a,b		1,443,387		75,878,854

Security	Shares		Value
Rogers Corp.a		771,630	$	83,814,450
Sanmina Corp.a,b		3,214,388		122,468,183
ScanSource Inc.a		1,087,792		43,838,018
TTM Technologies Inc.a,b		3,642,129		63,227,359
				1,219,821,047
ENERGY EQUIPMENT & SERVICES — 1.77%
Archrock Inc.		3,056,616		34,845,422
Atwood Oceanics Inc.a,b		3,230,663		26,329,903
Bristow Group Inc.b		1,389,592		10,630,379
CARBO Ceramics Inc.a,b		958,073		6,562,800
Era Group Inc.a,b		853,199		8,071,263
Exterran Corp.a,b		1,323,028		35,324,848
Geospace Technologies Corp.a,b		595,501		8,235,779
Gulf Island Fabrication Inc.b		610,156		7,077,810
Helix Energy Solutions Group Inc.a,b		5,848,521		32,985,658
Matrix Service Co.a,b		1,160,803		10,853,508
McDermott International Inc.a,b		12,033,643		86,281,220
Newpark Resources Inc.a,b		3,762,269		27,652,677
Noble Corp. PLCb		10,468,664		37,896,564
Pioneer Energy Services Corp.a,b		3,180,283		6,519,580
SEACOR Holdings Inc.a,b		696,597		23,893,277
Tesco Corp.a		1,975,467		8,790,828
TETRA Technologies Inc.a,b		5,016,671		13,996,512
U.S. Silica Holdings Inc.		3,096,466		109,893,578
Unit Corp.a,b		2,253,435		42,206,838
				538,048,444
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 6.11%
Acadia Realty Trustb		3,603,458		100,176,132
Agree Realty Corp.b		1,204,241		55,238,535
American Assets Trust Inc.b		1,769,273		69,691,663
Armada Hoffler Properties Inc.b		1,951,731		25,274,916
CareTrust REIT Inc.b		3,109,317		57,646,737
CBL & Associates Properties Inc.b		7,220,749		60,870,914
Cedar Realty Trust Inc.b		3,309,102		16,049,145
Chatham Lodging Trustb		250,735		5,037,266

25

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P SMALL-CAP ETF

June 30, 2017

Security	Shares		Value
Chesapeake Lodging Trustb		2,574,045	$	62,986,881
CoreSite Realty Corp.b		1,449,027		150,017,765
DiamondRock Hospitality Co.b		8,509,528		93,179,332
EastGroup Properties Inc.b		1,445,414		121,125,693
Four Corners Property Trust Inc.b		2,570,284		64,539,831
Franklin Street Properties Corp.b		4,607,482		51,050,901
Getty Realty Corp.b		1,169,895		29,364,365
Government Properties Income Trustb		2,073,457		37,964,998
Hersha Hospitality Trustb		1,791,099		33,153,243
Independence Realty Trust Inc.b		1,377,416		13,595,096
Kite Realty Group Trustb		3,525,817		66,743,716
Lexington Realty Trustb		9,238,386		91,552,405
LTC Properties Inc.b		1,690,965		86,898,691
National Storage Affiliates Trust		1,874,284		43,314,703
Parkway Inc.b		1,843,076		42,188,010
Pennsylvania REITb		3,014,098		34,119,589
PS Business Parks Inc.b		835,122		110,561,802
Ramco-Gershenson Properties Trustb		838,628		10,818,301
Retail Opportunity Investments Corp.b		4,687,551		89,954,104
Sabra Health Care REIT Inc.b		2,794,509		67,347,667
Saul Centers Inc.b		509,469		29,539,013
Summit Hotel Properties Inc.b		4,454,299		83,072,676
Universal Health Realty Income Trustb		512,334		40,751,046
Urstadt Biddle Properties Inc. Class Ab		853,542		16,900,132
				1,860,725,268
FOOD & STAPLES RETAILING — 0.39%
Andersons Inc. (The)		1,135,276		38,769,676
SpartanNash Co.		1,626,401		42,221,370
SUPERVALU Inc.a,b		11,557,694		38,024,813
				119,015,859
FOOD PRODUCTS — 1.72%
B&G Foods Inc.b		2,823,509		100,516,921

Security	Shares		Value
Cal-Maine Foods Inc.a,b		1,279,044	$	50,650,142
Calavo Growers Inc.b		663,020		45,781,531
Darling Ingredients Inc.a,b		6,992,872		110,067,805
J&J Snack Foods Corp.		639,899		84,511,461
John B Sanfilippo & Son Inc.		374,689		23,646,623
Sanderson Farms Inc.b		854,076		98,773,889
Seneca Foods Corp. Class Aa,b		280,486		8,709,090
				522,657,462
GAS UTILITIES — 1.09%
Northwest Natural Gas Co.		1,225,239		73,330,554
South Jersey Industries Inc.		3,373,795		115,282,575
Spire Inc.		2,046,368		142,734,168
				331,347,297
HEALTH CARE EQUIPMENT & SUPPLIES — 4.22%
Abaxis Inc.		972,828		51,579,341
Analogic Corp.		538,775		39,142,004
AngioDynamics Inc.a,b		1,486,974		24,103,848
Anika Therapeutics Inc.a,b		629,579		31,063,428
Cantel Medical Corp.		1,547,968		120,602,187
CONMED Corp.		1,064,387		54,219,874
CryoLife Inc.a		1,178,689		23,514,846
Haemonetics Corp.a,b		2,241,490		88,516,440
ICU Medical Inc.a,b		642,033		110,750,692
Inogen Inc.a,b		693,900		66,211,938
Integer Holdings Corp.a,b		1,190,427		51,485,968
Integra LifeSciences Holdings Corp.a,b		2,577,993		140,526,398
Invacare Corp.b		1,397,676		18,449,323
Lantheus Holdings Inc.a,b		1,254,198		22,136,595
LeMaitre Vascular Inc.		537,147		16,769,729
Meridian Bioscience Inc.		1,830,087		28,823,870
Merit Medical Systems Inc.a,b		2,132,480		81,354,112
Natus Medical Inc.a,b		1,418,140		52,896,622
Neogen Corp.a,b		1,623,834		112,223,168
OraSure Technologies Inc.a,b		2,477,934		42,769,141
Orthofix International NVa,b		775,020		36,022,930
Surmodics Inc.a,b		568,968		16,016,449
Varex Imaging Corp.a,b		1,606,505		54,299,869
				1,283,478,772

26

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P SMALL-CAP ETF

June 30, 2017

Security	Shares		Value
HEALTH CARE PROVIDERS & SERVICES — 3.44%
Aceto Corp.		1,313,279	$	20,290,160
Almost Family Inc.a,b		515,615		31,787,665
Amedisys Inc.a,b		1,196,024		75,122,267
AMN Healthcare Services Inc.a,b		2,039,133		79,628,144
BioTelemetry Inc.a		1,222,667		40,898,211
Chemed Corp.b		681,863		139,461,439
Community Health Systems Inc.a,b		4,932,643		49,129,124
CorVel Corp.a,b		426,253		20,225,705
Cross Country Healthcare Inc.a,b		1,335,990		17,247,631
Diplomat Pharmacy Inc.a,b		1,879,863		27,821,972
Ensign Group Inc. (The)		2,042,208		44,458,868
HealthEquity Inc.a,b		1,867,642		93,064,601
Kindred Healthcare Inc.		3,690,289		42,991,867
Landauer Inc.		413,758		21,639,543
LHC Group Inc.a,b		639,756		43,433,035
Magellan Health Inc.a		1,015,321		74,016,901
PharMerica Corp.a,b		1,333,411		35,002,039
Providence Service Corp. (The)a,b		503,483		25,481,275
Quorum Health Corp.a,b		1,287,651		5,343,752
Select Medical Holdings Corp.a		4,601,294		70,629,863
Tivity Health Inc.a,b		1,430,547		57,007,298
U.S. Physical Therapy Inc.		540,252		32,631,221
				1,047,312,581
HEALTH CARE TECHNOLOGY — 0.70%
Computer Programs & Systems Inc.b		472,527		15,498,885
HealthStream Inc.a,b		1,089,299		28,670,350
HMS Holdings Corp.a,b		3,590,172		66,418,182
Omnicell Inc.a,b		1,574,890		67,877,759
Quality Systems Inc.a		1,951,504		33,585,384
				212,050,560
HOTELS, RESTAURANTS & LEISURE — 3.33%
Belmond Ltd. Class Aa,b		3,643,345		48,456,488
Biglari Holdings Inc.a,b		43,627		17,439,457
BJ’s Restaurants Inc.a,b		768,471		28,625,545
Bob Evans Farms Inc./DE		847,050		60,843,601
Boyd Gaming Corp.b		3,515,016		87,207,547
Chuy’s Holdings Inc.a,b		729,562		17,071,751

Security	Shares		Value
Dave & Buster’s Entertainment Inc.a,b		1,589,739	$	105,733,541
DineEquity Inc.		731,124		32,206,012
El Pollo Loco Holdings Inc.a,b		956,251		13,244,076
Fiesta Restaurant Group Inc.a,b		1,173,226		24,227,117
ILG Inc.		4,521,528		124,296,805
Marcus Corp. (The)		820,636		24,783,207
Marriott Vacations Worldwide Corp.		1,041,757		122,666,887
Monarch Casino & Resort Inc.a,b		488,055		14,763,664
Penn National Gaming Inc.a,b		2,439,033		52,195,306
Red Robin Gourmet Burgers Inc.a,b		555,269		36,231,302
Ruby Tuesday Inc.a,b		2,788,972		5,605,834
Ruth’s Hospitality Group Inc.		1,290,729		28,073,356
Scientific Games Corp. Class Aa,b		2,166,100		56,535,210
Shake Shack Inc. Class Aa,b		803,315		28,019,627
Sonic Corp.		1,822,110		48,267,694
Wingstop Inc.b		1,249,114		38,597,623
				1,015,091,650
HOUSEHOLD DURABLES — 2.08%
Cavco Industries Inc.a		362,182		46,956,896
Ethan Allen Interiors Inc.		1,094,625		35,356,387
Installed Building Products Inc.a,b		862,821		45,686,372
iRobot Corp.a,b		1,155,141		97,193,564
La-Z-Boy Inc.		2,077,549		67,520,342
LGI Homes Inc.a,b		745,159		29,940,489
M/I Homes Inc.a,b		1,073,713		30,654,506
MDC Holdings Inc.		1,767,623		62,450,121
Meritage Homes Corp.a,b		1,622,834		68,483,595
TopBuild Corp.a		1,582,990		84,009,279
Universal Electronics Inc.a,b		610,911		40,839,400
William Lyon Homes Class Aa,b		1,021,854		24,667,556
				633,758,507

27

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P SMALL-CAP ETF

June 30, 2017

Security	Shares		Value
HOUSEHOLD PRODUCTS — 0.41%
Central Garden & Pet Co.a,b		442,258	$	14,059,382
Central Garden & Pet Co. Class Aa		1,448,239		43,476,135
WD-40 Co.		601,667		66,393,953
				123,929,470
INDUSTRIAL CONGLOMERATES — 0.17%
Raven Industries Inc.		1,519,236		50,590,559
				50,590,559
INSURANCE — 2.98%
American Equity Investment Life Holding Co.		2,568,164		67,491,350
AMERISAFE Inc.		813,577		46,333,210
eHealth Inc.a,b		735,642		13,830,070
Employers Holdings Inc.		1,379,015		58,332,334
HCI Group Inc.b		360,548		16,938,545
Horace Mann Educators Corp.		1,736,435		65,637,243
Infinity Property & Casualty Corp.		474,784		44,629,696
Maiden Holdings Ltd.		2,837,501		31,496,261
Navigators Group Inc. (The)		956,164		52,493,404
ProAssurance Corp.		2,268,836		137,945,229
RLI Corp.		1,627,579		88,898,365
Safety Insurance Group Inc.		437,206		29,861,170
Selective Insurance Group Inc.		2,472,626		123,754,931
Stewart Information Services Corp.		1,010,798		45,870,013
United Fire Group Inc.		795,928		35,068,588
United Insurance Holdings Corp.		802,724		12,626,848
Universal Insurance Holdings Inc.		1,397,569		35,218,739
				906,425,996
INTERNET & DIRECT MARKETING RETAIL — 0.60%
FTD Companies Inc.a,b		737,901		14,758,020
NutriSystem Inc.		1,261,165		65,643,638
PetMed Express Inc.		859,902		34,912,021
Shutterfly Inc.a,b		1,445,257		68,649,708
				183,963,387
INTERNET SOFTWARE & SERVICES — 1.09%
Blucora Inc.a,b		1,682,344		35,665,693

Security	Shares		Value
DHI Group Inc.a		2,119,287	$	6,039,968
Liquidity Services Inc.a,b		1,058,281		6,720,084
LivePerson Inc.a,b		2,217,306		24,390,366
NIC Inc.		2,612,705		49,510,760
QuinStreet Inc.a,b		1,575,727		6,570,782
Shutterstock Inc.a,b		803,664		35,425,509
SPS Commerce Inc.a,b		727,704		46,398,407
Stamps.com Inc.a,b		671,797		104,044,560
XO Group Inc.a,b		1,023,191		18,028,625
				332,794,754
IT SERVICES — 1.77%
CACI International Inc. Class Aa,b		1,037,360		129,721,868
Cardtronics PLC Class Aa,b		1,951,184		64,115,906
CSG Systems International Inc.		1,448,333		58,773,353
ExlService Holdings Inc.a,b		1,434,685		79,739,792
Forrester Research Inc.		428,648		16,781,569
ManTech International Corp./VA Class A		1,099,785		45,509,103
Perficient Inc.a		1,520,863		28,348,887
Sykes Enterprises Inc.a,b		1,672,499		56,078,892
TeleTech Holdings Inc.		652,719		26,630,935
Virtusa Corp.a,b		1,175,615		34,563,081
				540,263,386
LEISURE PRODUCTS — 0.59%
Callaway Golf Co.		4,029,434		51,496,166
Nautilus Inc.a,b		1,333,093		25,528,731
Sturm Ruger & Co. Inc.b		758,604		47,147,239
Vista Outdoor Inc.a,b		2,447,668		55,097,007
				179,269,143
LIFE SCIENCES TOOLS & SERVICES — 0.46%
Albany Molecular Research Inc.a,b		967,653		20,998,070
Cambrex Corp.a,b		1,385,495		82,783,326
Luminex Corp.b		1,710,533		36,126,457
				139,907,853
MACHINERY — 5.40%
Actuant Corp. Class Ab		2,557,205		62,907,243
Alamo Group Inc.		406,374		36,902,823
Albany International Corp. Class A		1,236,375		66,022,425
Astec Industries Inc.		810,786		45,006,731

28

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P SMALL-CAP ETF

June 30, 2017

Security	Shares		Value
Barnes Group Inc.		2,119,133	$	124,032,854
Briggs & Stratton Corp.		1,840,401		44,353,664
Chart Industries Inc.a,b		1,318,123		45,778,412
CIRCOR International Inc.b		703,145		41,752,750
EnPro Industries Inc.		912,538		65,127,837
ESCO Technologies Inc.		1,097,611		65,472,496
Federal Signal Corp.		2,554,885		44,352,804
Franklin Electric Co. Inc.		1,631,105		67,527,747
Greenbrier Companies Inc. (The)b		1,217,837		56,324,961
Harsco Corp.a		3,384,008		54,482,529
Hillenbrand Inc.		2,688,974		97,071,961
John Bean Technologies Corp.b		1,345,705		131,879,090
Lindsay Corp.b		459,316		40,993,953
Lydall Inc.a,b		725,067		37,485,964
Mueller Industries Inc.		2,430,468		74,007,751
Proto Labs Inc.a,b		1,028,893		69,193,054
SPX Corp.a		1,809,246		45,520,629
SPX FLOW Inc.a		1,806,776		66,633,899
Standex International Corp.		541,078		49,075,775
Tennant Co.		756,828		55,853,906
Titan International Inc.b		2,078,421		24,961,836
Wabash National Corp.b		2,566,918		56,420,858
Watts Water Technologies Inc. Class A		1,192,134		75,342,869
				1,644,486,821
MARINE — 0.18%
Matson Inc.		1,844,763		55,416,681
				55,416,681
MEDIA — 0.86%
EW Scripps Co. (The) Class Aa,b		2,412,643		42,969,172
Gannett Co. Inc.		4,890,336		42,643,730
New Media Investment Group Inc.		2,314,351		31,197,451
Scholastic Corp.		1,164,061		50,741,419
Time Inc.		4,241,570		60,866,529
World Wrestling Entertainment Inc. Class Ab		1,663,694		33,889,447
				262,307,748
METALS & MINING — 0.98%
AK Steel Holding Corp.a,b		13,385,848		87,945,021

Security	Shares		Value
Century Aluminum Co.a,b		2,059,838	$	32,092,276
Gerber Scientific Inc. Escrowa,c		349,019		3,490
Haynes International Inc.		532,927		19,350,579
Kaiser Aluminum Corp.		735,711		65,125,138
Materion Corp.		849,812		31,782,969
Olympic Steel Inc.b		367,616		7,161,160
SunCoke Energy Inc.a		2,790,419		30,415,567
TimkenSteel Corp.a		1,618,564		24,877,329
				298,753,529
MORTGAGE REAL ESTATE INVESTMENT — 0.38%
Apollo Commercial Real Estate Finance Inc.b		4,031,641		74,786,941
Capstead Mortgage Corp.b		4,051,015		42,252,086
				117,039,027
MULTI-UTILITIES — 0.38%
Avista Corp.		2,709,520		115,046,219
				115,046,219
MULTILINE RETAIL — 0.54%
Fred’s Inc. Class Ab		1,500,732		13,851,757
JC Penney Co. Inc.a,b		13,278,039		61,742,881
Ollie’s Bargain Outlet Holdings Inc.a,b		2,063,235		87,893,811
				163,488,449
OIL, GAS & CONSUMABLE FUELS — 1.08%
Bill Barrett Corp.a,b		3,274,520		10,052,776
Carrizo Oil & Gas Inc.a,b		3,239,575		56,433,397
Cloud Peak Energy Inc.a,b		3,179,065		11,222,100
Contango Oil & Gas Co.a,b		997,844		6,625,684
Denbury Resources Inc.a,b		16,987,191		25,990,402
Green Plains Inc.		1,609,896		33,083,363
Northern Oil and Gas Inc.a,b		1,931,577		2,704,208
PDC Energy Inc.a,b		2,385,301		102,830,326
REX American Resources Corp.a,b		237,895		22,971,141
SRC Energy Inc.a,b		8,594,028		57,837,808
				329,751,205
PAPER & FOREST PRODUCTS — 1.11%
Boise Cascade Co.a,b		1,655,536		50,328,295
Clearwater Paper Corp.a,b		712,199		33,295,303
Deltic Timber Corp.b		459,132		34,278,795
KapStone Paper and Packaging Corp.		3,766,557		77,704,071

29

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P SMALL-CAP ETF

June 30, 2017

Security	Shares		Value
Neenah Paper Inc.		721,353	$	57,888,578
PH Glatfelter Co.		1,879,513		36,725,684
Schweitzer-Mauduit International Inc.		1,316,552		49,015,231
				339,235,957
PERSONAL PRODUCTS — 0.16%
Inter Parfums Inc.		740,769		27,149,184
Medifast Inc.		485,831		20,147,411
				47,296,595
PHARMACEUTICALS — 2.05%
Amphastar Pharmaceuticals Inc.a,b		1,514,576		27,050,327
ANI Pharmaceuticals Inc.a,b		350,398		16,398,626
Depomed Inc.a,b		2,689,390		28,884,049
Heska Corp.a,b		272,883		27,853,168
Impax Laboratories Inc.a,b		3,128,185		50,363,778
Innoviva Inc.a,b		3,341,258		42,768,102
Lannett Co. Inc.a,b		1,278,442		26,080,217
Medicines Co. (The)a,b		3,077,738		116,984,821
Nektar Therapeuticsa,b		6,575,245		128,546,040
Phibro Animal Health Corp. Series A		808,731		29,963,484
SciClone Pharmaceuticals Inc.a,b		2,219,274		24,412,014
Sucampo Pharmaceuticals Inc. Class Aa,b		1,102,269		11,573,825
Supernus Pharmaceuticals Inc.a,b		2,131,780		91,879,718
				622,758,169
PROFESSIONAL SERVICES — 1.93%
CDI Corp.a		626,465		3,664,820
Exponent Inc.		1,101,114		64,194,946
Heidrick & Struggles International Inc.		803,728		17,481,084
Insperity Inc.		803,677		57,061,067
Kelly Services Inc. Class A		1,269,443		28,498,995
Korn/Ferry International		2,452,305		84,678,092
Navigant Consulting Inc.a,b		2,021,647		39,947,745
On Assignment Inc.a		2,072,906		112,247,860
Resources Connection Inc.		1,305,507		17,885,446
TrueBlue Inc.a,b		1,822,454		48,295,031
WageWorks Inc.a,b		1,685,727		113,280,854
				587,235,940

Security	Shares		Value
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.37%
Forestar Group Inc.a,b		1,024,409	$	17,568,614
HFF Inc. Class A		1,523,859		52,984,577
RE/MAX Holdings Inc. Class A		761,633		42,689,530
				113,242,721
ROAD & RAIL — 0.83%
ArcBest Corp.		1,002,024		20,641,694
Heartland Express Inc.b		1,811,999		37,725,819
Knight Transportation Inc.b		2,822,505		104,573,810
Marten Transport Ltd.b		974,187		26,692,724
Roadrunner Transportation Systems Inc.a,b		1,373,081		9,982,299
Saia Inc.a,b		1,063,432		54,554,062
				254,170,408
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.49%
Advanced Energy Industries Inc.a		1,681,383		108,768,666
Brooks Automation Inc.		2,930,769		63,568,380
Cabot Microelectronics Corp.		1,075,258		79,386,298
CEVA Inc.a,b		907,983		41,267,827
Cohu Inc.		1,076,538		16,944,708
Diodes Inc.a		1,601,078		38,473,904
DSP Group Inc.a,b		951,201		11,033,932
Kopin Corp.a,b		2,518,086		9,342,099
Kulicke & Soffa Industries Inc.a		2,981,891		56,715,567
MaxLinear Inc.a,b		2,239,618		62,462,946
MKS Instruments Inc.		2,298,958		154,719,873
Nanometrics Inc.a,b		1,069,929		27,058,504
Power Integrations Inc.		1,254,502		91,453,196
Rambus Inc.a,b		4,729,516		54,058,368
Rudolph Technologies Inc.a		1,332,070		30,437,800
Semtech Corp.a,b		2,774,108		99,174,361
Veeco Instruments Inc.a,b		2,019,060		56,230,821
Xperi Corp.		2,107,555		62,805,139
				1,063,902,389
SOFTWARE — 1.88%
8x8 Inc.a,b		3,855,927		56,103,738
Agilysys Inc.a,b		630,566		6,381,328

30

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P SMALL-CAP ETF

June 30, 2017

Security	Shares		Value
Bottomline Technologies de Inc.a,b		1,534,761	$	39,428,010
Ebix Inc.b		912,232		49,169,305
Gigamon Inc.a,b		1,332,447		52,431,789
MicroStrategy Inc. Class Aa		400,070		76,681,417
Monotype Imaging Holdings Inc.		1,777,346		32,525,432
Progress Software Corp.		2,060,622		63,652,613
Qualys Inc.a,b		1,264,122		51,576,178
Synchronoss Technologies Inc.a,b		1,837,546		30,227,632
TiVo Corp.		5,165,631		96,339,018
VASCO Data Security International Inc.a,b		1,258,428		18,058,442
				572,574,902
SPECIALTY RETAIL — 3.93%
Abercrombie & Fitch Co. Class Ab		2,934,552		36,505,827
Asbury Automotive Group Inc.a,b		810,169		45,815,057
Ascena Retail Group Inc.a,b		7,372,671		15,851,243
Barnes & Noble Education Inc.a,b		1,675,526		17,810,841
Barnes & Noble Inc.		2,424,395		18,425,402
Big 5 Sporting Goods Corp.		761,329		9,935,343
Buckle Inc. (The)		1,231,071		21,913,064
Caleres Inc.		1,841,869		51,167,121
Cato Corp. (The) Class A		1,053,099		18,524,011
Children’s Place Inc. (The)		753,220		76,903,762
DSW Inc. Class A		2,897,697		51,289,237
Express Inc.a,b		3,400,609		22,954,111
Finish Line Inc. (The) Class A		1,756,729		24,892,850
Five Below Inc.a,b		2,348,968		115,968,550
Francesca’s Holdings Corp.a,b		1,559,477		17,060,678
Genesco Inc.a,b		840,512		28,493,357
Group 1 Automotive Inc.		857,644		54,306,018
Guess? Inc.		2,616,451		33,438,244
Haverty Furniture Companies Inc.		839,421		21,069,467
Hibbett Sports Inc.a,b		907,581		18,832,306
Kirkland’s Inc.a,b		615,970		6,332,172
Lithia Motors Inc. Class A		1,015,706		95,709,976

Security	Shares		Value
Lumber Liquidators Holdings Inc.a,b		1,221,724	$	30,616,403
MarineMax Inc.a,b		1,060,100		20,724,955
Monro Muffler Brake Inc.		1,400,702		58,479,308
Rent-A-Center Inc./TXb		2,287,829		26,813,356
RHa,b		1,328,163		85,693,077
Select Comfort Corp.a,b		1,757,512		62,374,101
Shoe Carnival Inc.		528,557		11,036,270
Sonic Automotive Inc. Class A		1,152,409		22,414,355
Stein Mart Inc.b		1,430,587		2,417,692
Tailored Brands Inc.		2,106,971		23,513,796
Tile Shop Holdings Inc.b		1,407,992		29,075,035
Vitamin Shoppe Inc.a,b		1,038,023		12,092,968
Zumiez Inc.a,b		740,156		9,140,927
				1,197,590,880
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.55%
Cray Inc.a,b		1,715,974		31,573,922
Electronics For Imaging Inc.a,b		1,984,125		94,007,842
Super Micro Computer Inc.a,b		1,634,771		40,297,105
				165,878,869
TEXTILES, APPAREL & LUXURY GOODS — 1.35%
Crocs Inc.a,b		3,225,008		24,864,812
Fossil Group Inc.a,b		1,815,500		18,790,425
G-III Apparel Group Ltd.a,b		1,877,282		46,838,186
Iconix Brand Group Inc.a,b		2,466,462		17,043,252
Movado Group Inc.		672,418		16,978,555
Oxford Industries Inc.		646,397		40,393,349
Perry Ellis International Inc.a,b		529,320		10,300,567
Steven Madden Ltd.a,b		2,285,850		91,319,707
Unifi Inc.a,b		670,036		20,637,109
Vera Bradley Inc.a,b		792,317		7,748,860
Wolverine World Wide Inc.		4,134,810		115,816,028
				410,730,850
THRIFTS & MORTGAGE FINANCE — 1.82%
Astoria Financial Corp.		3,897,343		78,531,461
Bank Mutual Corp.		1,807,832		16,541,663
BofI Holding Inc.a,b		2,473,847		58,679,651
Dime Community Bancshares Inc.		1,357,015		26,597,494

31

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P SMALL-CAP ETF

June 30, 2017

Security	Shares		Value
HomeStreet Inc.a,b		1,174,109	$	32,493,467
LendingTree Inc.a,b		311,899		53,709,008
Northfield Bancorp. Inc.		1,967,757		33,747,032
Northwest Bancshares Inc.		4,364,683		68,132,702
Oritani Financial Corp.		1,671,139		28,492,920
Provident Financial Services Inc.		2,598,000		65,937,240
TrustCo Bank Corp. NY		4,152,088		32,178,682
Walker & Dunlop Inc.a,b		1,201,494		58,668,952
				553,710,272
TOBACCO — 0.23%
Universal Corp./VA		1,081,748		69,989,096
				69,989,096
TRADING COMPANIES & DISTRIBUTORS — 0.66%
Applied Industrial Technologies Inc.		1,666,485		98,405,939
DXP Enterprises Inc./TXa,b		636,292		21,952,074
Kaman Corp.		1,165,796		58,138,247
Veritiv Corp.a,b		486,720		21,902,400
				200,398,660
WATER UTILITIES — 0.49%
American States Water Co.		1,559,462		73,934,094
California Water Service Group		2,049,428		75,418,950
				149,353,044
WIRELESS TELECOMMUNICATION SERVICES — 0.05%
Spok Holdings Inc.		905,288		16,023,598
				16,023,598
TOTAL COMMON STOCKS
(Cost: $26,507,406,332)				30,403,984,254

Security	Shares		Value
SHORT-TERM INVESTMENTS — 9.08%
MONEY MARKET FUNDS — 9.08%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		2,723,573,790	$	2,724,390,862
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		40,363,189		40,363,189
				2,764,754,051
TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,764,332,552)				2,764,754,051
TOTAL INVESTMENTS IN SECURITIES — 108.92%
(Cost: $29,271,738,884)g				33,168,738,305
Other Assets, Less Liabilities — (8.92)%				(2,716,400,890	)
NET ASSETS — 100.00%			$	30,452,337,415

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $29,987,856,755. Net unrealized appreciation was $3,180,881,550, of which $5,385,688,645 represented gross unrealized appreciation on securities and $2,204,807,095 represented gross unrealized depreciation on securities.

Schedule 1 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
Russell 2000 Mini		591		Sep. 2017		ICE Markets Equity	$	41,728,689	$	41,792,565	$	63,876

32

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P SMALL-CAP ETF

June 30, 2017

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	30,403,980,764	$	—	$	3,490	$	30,403,984,254
Money market funds		2,764,754,051		—		—		2,764,754,051
Total	$	33,168,734,815	$	—	$	3,490	$	33,168,738,305
Derivative financial instrumentsa:
Assets:
Futures contracts	$	63,876	$	—	$	—	$	63,876
Total	$	63,876	$	—	$	—	$	63,876

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

33

Schedule of Investments (Unaudited)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.75%
AEROSPACE & DEFENSE — 2.18%
AAR Corp.		13,046	$	453,479
Aerojet Rocketdyne Holdings Inc.a		24,181		502,965
Aerovironment Inc.a,b		7,235		276,377
Air Industries Groupa,b		3,310		5,925
Arconic Inc.		167,723		3,798,926
Arotech Corp.a,b		7,630		27,087
Astronics Corp.a		7,649		233,065
Astrotech Corp.a		6,174		5,926
Axon Enterprise Inc.a,b		20,259		509,311
Boeing Co. (The)		213,403		42,200,443
BWX Technologies Inc.		38,652		1,884,285
CPI Aerostructures Inc.a,b		3,173		29,826
Cubic Corp.		7,661		354,704
Curtiss-Wright Corp.		17,107		1,570,080
DigitalGlobe Inc.a		21,702		722,677
Ducommun Inc.a		3,640		114,951
Engility Holdings Inc.a		6,781		192,580
Esterline Technologies Corp.a		10,787		1,022,608
General Dynamics Corp.		108,021		21,398,960
HEICO Corp.		9,193		660,425
HEICO Corp. Class A		17,126		1,062,668
Hexcel Corp.		34,887		1,841,685
Huntington Ingalls Industries Inc.		17,511		3,259,848
Innovative Solutions & Support Inc.a		6,302		27,729
KEYW Holding Corp. (The)a,b		14,698		137,426
KLX Inc.a		20,620		1,031,000
Kratos Defense & Security Solutions Inc.a,b		17,461		207,262
L3 Technologies Inc.		28,955		4,837,801
Lockheed Martin Corp.		94,346		26,191,393
Mercury Systems Inc.a		26,498		1,115,301
Micronet Enertec Technologies Inc.a		3,399		3,671
Moog Inc. Class Aa		13,075		937,739
National Presto Industries Inc.		2,591		286,306
Northrop Grumman Corp.		66,383		17,041,180
Orbital ATK Inc.		21,440		2,108,838
Raytheon Co.		111,438		17,995,008

Security	Shares		Value
Rockwell Collins Inc.		60,607	$	6,368,584
SIFCO Industries Inc.a		614		4,083
Sparton Corp.a		3,382		74,370
Spirit AeroSystems Holdings Inc. Class A		48,305		2,798,792
Tel-Instrument Electronics Corp.a		226		723
Teledyne Technologies Inc.a		13,426		1,713,829
Textron Inc.		100,897		4,752,249
TransDigm Group Inc.		18,724		5,034,322
Triumph Group Inc.		21,523		680,127
United Technologies Corp.		282,942		34,550,048
Vectrus Inc.a		3,657		118,194
Wesco Aircraft Holdings Inc.a,b		26,853		291,355
				210,436,131
AIR FREIGHT & LOGISTICS — 0.63%
Air T Inc.a		253		5,364
Air Transport Services Group Inc.a		13,990		304,702
Atlas Air Worldwide Holdings Inc.a		9,935		518,110
CH Robinson Worldwide Inc.		55,619		3,819,913
Echo Global Logistics Inc.a		9,840		195,816
Expeditors International of Washington Inc.		69,699		3,936,600
FedEx Corp.		93,367		20,291,450
Forward Air Corp.		11,084		590,556
Hub Group Inc. Class Aa		13,370		512,739
Radiant Logistics Inc.a		11,302		60,805
United Parcel Service Inc. Class B		259,873		28,739,355
XPO Logistics Inc.a		32,086		2,073,718
				61,049,128
AIRLINES — 0.60%
Alaska Air Group Inc.		48,469		4,350,577
Allegiant Travel Co.		4,130		560,028
American Airlines Group Inc.		187,067		9,413,211
Delta Air Lines Inc.		277,609		14,918,708
Hawaiian Holdings Inc.a		21,021		986,936
JetBlue Airways Corp.a		125,598		2,867,402
SkyWest Inc.		21,359		749,701
Southwest Airlines Co.		232,527		14,449,228
Spirit Airlines Inc.a,b		26,594		1,373,580

34

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
United Continental Holdings Inc.a		108,223	$	8,143,781
				57,813,152
AUTO COMPONENTS — 0.41%
Adient PLC		34,653		2,265,613
American Axle & Manufacturing Holdings Inc.a		23,106		360,454
Autoliv Inc.b		31,974		3,510,745
BorgWarner Inc.		75,169		3,184,159
Clean Diesel Technologies Inc.a,b		2,609		7,279
Cooper Tire & Rubber Co.		20,753		749,183
Cooper-Standard Holding Inc.a		7,928		799,697
Dana Inc.		64,863		1,448,391
Delphi Automotive PLC		102,410		8,976,237
Dorman Products Inc.a		14,269		1,181,045
Fox Factory Holding Corp.a		16,936		602,922
Gentex Corp.		109,908		2,084,955
Gentherm Inc.a		19,771		767,115
Goodyear Tire & Rubber Co. (The)		89,916		3,143,463
Horizon Global Corp.a,b		18,642		267,699
LCI Industries		9,993		1,023,283
Lear Corp.		24,892		3,536,655
Modine Manufacturing Co.a		31,731		525,148
Motorcar Parts of America Inc.a,b		12,736		359,665
Shiloh Industries Inc.a,b		3,579		42,018
Standard Motor Products Inc.		13,696		715,205
Stoneridge Inc.a		10,212		157,367
Strattec Security Corp.		8,441		298,811
Superior Industries International Inc.		26,712		548,932
Sypris Solutions Inc.a		7,055		11,641
Tenneco Inc.		20,643		1,193,785
Tower International Inc.		16,272		365,306
Unique Fabricating Inc.		714		6,797
UQM Technologies Inc.a		16,633		14,118
Visteon Corp.a		13,328		1,360,256
VOXX International Corp.a,b		6,682		54,792
Workhorse Group Inc.a,b		6,718		24,789
				39,587,525

Security	Shares		Value
AUTOMOBILES — 0.59%
Ford Motor Co.		1,447,692	$	16,199,673
General Motors Co.		506,257		17,683,557
Harley-Davidson Inc.		67,010		3,619,880
Tesla Inc.a,b		48,055		17,377,169
Thor Industries Inc.		17,477		1,826,696
Winnebago Industries Inc.		11,541		403,935
				57,110,910
BANKS — 6.61%
1st Constitution Bancorp.		2,804		49,771
1st Source Corp.		6,336		303,748
Access National Corp.		6,179		163,867
ACNB Corp.		2,798		85,339
Allegiance Bancshares Inc.a,b		693		26,542
American National Bankshares Inc.		3,317		122,563
American River Bankshares		2,867		41,600
Ameris Bancorp.		23,518		1,133,568
AmeriServ Financial Inc.		6,759		28,050
Ames National Corp.		3,511		107,437
Anchor Bancorp. Inc./WAa		622		15,706
Arrow Financial Corp.		4,304		136,222
Associated Banc-Corp.		56,329		1,419,491
Atlantic Capital Bancshares Inc.a,b		3,177		60,363
Auburn National BanCorp. Inc.		595		22,247
Banc of California Inc.		19,961		429,161
BancFirst Corp.		3,283		317,138
Bancorp. Inc. (The)a,b		13,695		103,808
Bancorp. of New Jersey Inc.		2,649		44,238
BancorpSouth Inc.		31,829		970,784
Bank of America Corp.		3,796,191		92,095,594
Bank of Commerce Holdings		4,163		46,001
Bank of Hawaii Corp.		16,779		1,392,154
Bank of Marin Bancorp.		2,676		164,708
Bank of South Carolina Corp.		873		17,678
Bank of the James Financial Group Inc.		775		11,625
Bank of the Ozarks Inc.		51,734		2,424,773
BankUnited Inc.		38,636		1,302,420
Bankwell Financial Group Inc.		2,758		86,132
Banner Corp.		7,453		421,169
Bar Harbor Bankshares		6,226		191,885

35

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Bay Bancorp. Inc.a		3,662	$	28,014
BB&T Corp.		313,223		14,223,456
BCB Bancorp. Inc.		3,534		54,070
Berkshire Hills Bancorp. Inc.		11,117		390,763
Blue Hills Bancorp. Inc.		10,417		186,464
BOK Financial Corp.		7,256		610,447
Boston Private Financial Holdings Inc.		31,244		479,595
Bridge Bancorp. Inc.		3,559		118,515
Brookline Bancorp. Inc.		25,247		368,606
Bryn Mawr Bank Corp.		6,285		267,112
C&F Financial Corp.		704		33,018
California First National Bancorp.		286		5,391
Camden National Corp.		4,039		173,313
Capital Bank Financial Corp. Class A		10,299		392,392
Capital City Bank Group Inc.		3,671		74,962
Carolina Financial Corp.		3,543		114,510
Carolina Trust Bancshares Inc.a,b		2,694		20,124
Cathay General Bancorp.		27,872		1,057,742
CB Financial Services Inc.		829		21,637
CenterState Banks Inc.		17,924		445,591
Central Pacific Financial Corp.		9,963		313,536
Central Valley Community Bancorp.		3,464		76,762
Century Bancorp. Inc./MA Class A		635		40,386
Chemical Financial Corp.		25,251		1,222,401
Chemung Financial Corp.		774		31,641
CIT Group Inc.		55,230		2,689,701
Citigroup Inc.		1,048,892		70,149,897
Citizens & Northern Corp.		4,129		96,041
Citizens Financial Group Inc.		198,462		7,081,124
Citizens First Corp.		289		6,503
Citizens Holding Co.b		828		21,528
City Holding Co.		6,225		410,041
Civista Bancshares Inc.b		2,851		59,529
CNB Financial Corp./PA		4,262		102,160
CoBiz Financial Inc.		13,847		240,938
Codorus Valley Bancorp. Inc.		2,920		82,928
Colony Bankcorp Inc.		2,811		38,511

Security	Shares		Value
Columbia Banking System Inc.		21,478	$	855,898
Comerica Inc.		66,042		4,836,916
Commerce Bancshares Inc./MO		37,312		2,120,441
Community Bank System Inc.		18,443		1,028,566
Community Bankers Trust Corp.a,b		7,860		64,845
Community Financial Corp. (The )		880		33,880
Community Trust Bancorp. Inc.		6,675		292,031
Community West Bancshares		2,817		29,297
ConnectOne Bancorp. Inc.		10,423		235,039
County Bancorp. Inc.		862		20,688
CU Bancorp.a		3,651		131,984
Cullen/Frost Bankers Inc.		23,590		2,215,337
Customers Bancorp. Inc.a		10,190		288,173
CVB Financial Corp.		38,065		853,798
DNB Financial Corp.		618		21,197
Eagle Bancorp. Inc.a		10,872		688,198
Eagle Bancorp. Montana Inc.		850		15,385
East West Bancorp. Inc.		54,929		3,217,741
Emclaire Financial Corp.		214		5,990
Enterprise Bancorp. Inc./MA		2,920		103,777
Enterprise Financial Services Corp.		7,130		290,904
Equity Bancshares Inc. Class Aa		302		9,253
Evans Bancorp. Inc.		793		31,680
F.N.B. Corp.		117,819		1,668,317
Farmers Capital Bank Corp.		13		501
Farmers National Banc Corp.		6,818		98,861
Fauquier Bankshares Inc.		831		15,997
FCB Financial Holdings Inc. Class Aa,b		14,090		672,797
Fidelity Southern Corp.		7,552		172,639
Fifth Third Bancorp.		288,806		7,497,404
Financial Institutions Inc.		4,319		128,706
First Bancorp. Inc./ME		3,581		96,902
First BanCorp./Puerto Ricoa		75,639		437,950
First Bancorp./Southern Pines NC		6,986		218,382
First Bancshares Inc. (The)b		2,642		72,919
First Bank/Hamilton NJ		3,239		37,734
First Busey Corp.		11,105		325,599
First Business Financial Services Inc.		3,325		76,741

36

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
First Citizens BancShares Inc./NC Class A		3,415	$	1,272,770
First Commonwealth Financial Corp.		32,209		408,410
First Community Bancshares Inc./VA		6,305		172,442
First Community Corp./SC		2,846		59,766
First Connecticut Bancorp. Inc./Farmington CT		6,076		155,849
First Financial Bancorp.		23,548		652,280
First Financial Bankshares Inc.		24,708		1,092,094
First Financial Corp./IN		3,792		179,362
First Financial Northwest Inc.		3,575		57,665
First Foundation Inc.a		9,254		152,043
First Hawaiian Inc.		20,993		642,806
First Horizon National Corp.		87,115		1,517,543
First Internet Bancorp.		843		23,646
First Interstate BancSystem Inc.		8,390		312,108
First Merchants Corp.		14,610		586,445
First Mid-Illinois Bancshares Inc.		279		9,553
First Midwest Bancorp. Inc./IL		30,738		716,503
First Northwest Bancorp.a		4,250		67,022
First of Long Island Corp. (The)		9,447		270,184
First Republic Bank/CA		59,096		5,915,510
First Savings Financial Group Inc.		214		11,717
First South Bancorp. Inc./Washington NC		3,488		57,692
First U.S. Bancshares Inc.b		2,735		30,687
First United Corp.a		2,967		44,357
Flushing Financial Corp.		10,332		291,259
Franklin Financial Network Inc.a		6,356		262,185
Fulton Financial Corp.		63,601		1,208,419
German American Bancorp. Inc.		6,764		230,585
Glacier Bancorp. Inc.		28,402		1,039,797
Glen Burnie Bancorp.		598		6,309
Great Southern Bancorp. Inc.		3,528		188,748
Great Western Bancorp. Inc.		21,570		880,272
Green Bancorp. Inc.a		3,699		71,761
Guaranty Bancorp.		6,260		170,272
Hancock Holding Co.		31,215		1,529,535
Hanmi Financial Corp.		11,236		319,664
HarborOne Bancorp Inc.a		14,593		291,276

Security	Shares		Value
Hawthorn Bancshares Inc.		2,683	$	55,807
Heartland Financial USA Inc.		6,699		315,523
Heritage Commerce Corp.		7,267		100,139
Heritage Financial Corp./WA		10,718		284,027
Hilltop Holdings Inc.		28,656		751,074
Home BancShares Inc./AR		45,786		1,140,071
HomeTrust Bancshares Inc.a		6,662		162,553
Hope Bancorp Inc.		48,285		900,515
Horizon Bancorp./IN		6,222		163,950
Howard Bancorp. Inc.a,b		701		13,494
Huntington Bancshares Inc./OH		421,693		5,701,289
IBERIABANK Corp.		18,188		1,482,322
Independent Bank Corp./MI		7,776		169,128
Independent Bank Corp./Rockland MA		10,188		679,030
Independent Bank Group Inc.		3,676		218,722
International Bancshares Corp.		20,811		729,426
Investar Holding Corp.b		2,847		65,196
Investors Bancorp. Inc.		135,130		1,805,337
JPMorgan Chase & Co.		1,354,408		123,792,891
KeyCorp		429,326		8,045,569
Lakeland Bancorp. Inc.		14,610		275,398
Lakeland Financial Corp.		10,032		460,268
Landmark Bancorp. Inc./Manhattan KS		676		20,821
LCNB Corp.		3,371		67,420
LegacyTexas Financial Group Inc.		17,121		652,824
Live Oak Bancshares Inc.b		2,618		63,356
M&T Bank Corp.		59,573		9,647,847
Macatawa Bank Corp.		10,201		97,318
Mackinac Financial Corp.		764		10,696
MainSource Financial Group Inc.		7,761		260,071
MB Financial Inc.		34,180		1,505,287
MBT Financial Corp.		7,643		74,137
Melrose Bancorp. Inc.a		628		11,241
Mercantile Bank Corp.		6,372		200,591
Mid Penn Bancorp. Inc.		790		21,686
Middlefield Banc Corp.		269		13,558
MidSouth Bancorp. Inc.		3,558		41,806
MidWestOne Financial Group Inc.		3,183		107,872

37

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
MutualFirst Financial Inc.		2,815	$	100,495
National Bank Holdings Corp. Class A		10,734		355,403
National Bankshares Inc.		3,186		129,989
National Commerce Corp.a		605		23,928
NBT Bancorp. Inc.		16,633		614,589
Nicolet Bankshares Inc.a		3,160		172,884
Northrim BanCorp. Inc.		2,818		85,667
Norwood Financial Corp.b		745		31,476
Oak Valley Bancorp.		2,787		38,739
OFG Bancorp.		16,709		167,090
Ohio Valley Banc Corp.		781		28,155
Old Line Bancshares Inc.		3,287		92,628
Old National Bancorp./IN		51,554		889,306
Old Point Financial Corp.b		766		25,186
Old Second Bancorp. Inc.		10,666		123,192
Opus Bank		7,437		179,975
Orrstown Financial Services Inc.		3,185		72,777
Pacific Continental Corp.		7,000		178,850
Pacific Mercantile Bancorp.a,b		4,237		37,286
Pacific Premier Bancorp. Inc.a		17,574		648,481
PacWest Bancorp.		49,899		2,330,283
Park National Corp.		4,229		438,632
Park Sterling Corp.		18,052		214,458
Parke Bancorp. Inc.b		2,952		66,125
Patriot National Bancorp Inc.a		59		974
Peapack Gladstone Financial Corp.		4,361		136,456
Penns Woods Bancorp. Inc.		2,587		106,533
People’s United Financial Inc.		140,461		2,480,541
People’s Utah Bancorp.		594		15,919
Peoples Bancorp. Inc./OH		6,959		223,593
Peoples Bancorp. of North Carolina Inc.		812		25,659
Peoples Financial Corp./MSa		822		11,261
Peoples Financial Services Corp.		2,836		124,018
Pinnacle Financial Partners Inc.		30,286		1,901,961
Plumas Bancorp.b		2,624		55,891
PNC Financial Services Group Inc. (The)c		185,477		23,160,513
Popular Inc.		41,058		1,712,529
Porter Bancorp Inc.a		457		4,693

Security	Shares		Value
Preferred Bank/Los Angeles CA		4,156	$	222,221
Premier Financial Bancorp. Inc.		2,991		61,645
Prosperity Bancshares Inc.		28,179		1,810,219
QCR Holdings Inc.		4,064		192,634
Regions Financial Corp.		474,574		6,947,763
Renasant Corp.		14,091		616,340
Republic Bancorp. Inc./KY Class A		3,388		120,952
Republic First Bancorp. Inc.a,b		13,128		121,434
Royal Bancshares of Pennsylvania Inc.a		7,716		32,639
S&T Bancorp. Inc.		13,734		492,501
Salisbury Bancorp. Inc.		207		8,580
Sandy Spring Bancorp. Inc.		9,649		392,328
SB Financial Group Inc.		865		14,696
Seacoast Banking Corp. of Floridaa,b		9,798		236,132
Select Bancorp. Inc.a		3,380		41,304
ServisFirst Bancshares Inc.		16,318		601,971
Shore Bancshares Inc.		4,302		70,768
Sierra Bancorp.		3,712		91,130
Signature Bank/New York NYa		20,506		2,943,226
Simmons First National Corp. Class A		10,655		563,649
SmartFinancial Inc.a		2,921		69,753
Sound Financial Bancorp. Inc.		260		7,917
South State Corp.		9,778		837,975
Southern First Bancshares Inc.a		2,733		101,258
Southern National Bancorp. of Virginia Inc.		6,507		114,523
Southside Bancshares Inc.		9,998		349,330
Southwest Bancorp. Inc.		7,206		184,113
Southwest Georgia Financial Corp.		281		5,550
State Bank Financial Corp.		13,687		371,191
Sterling Bancorp./DE		61,875		1,438,594
Stewardship Financial Corp.b		2,783		26,438
Stock Yards Bancorp. Inc.		7,377		286,965
Stonegate Bank		3,741		172,759
Summit Financial Group Inc.		3,455		76,010
Summit State Bank		868		11,284
Sun Bancorp. Inc./NJb		3,540		87,261
Sunshine Bancorp. Inc.a,b		2,589		55,172

38

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
SunTrust Banks Inc.		187,979	$	10,662,169
Sussex Bancorp.b		754		18,662
SVB Financial Groupa		20,086		3,530,918
Synovus Financial Corp.		48,001		2,123,564
TCF Financial Corp.		63,532		1,012,700
Texas Capital Bancshares Inc.a		21,966		1,700,168
Tompkins Financial Corp.		4,146		326,373
TowneBank/Portsmouth VA		23,856		734,765
TriCo Bancshares		7,123		250,373
Tristate Capital Holdings Inc.a,b		7,603		191,596
Triumph Bancorp. Inc.a,b		6,239		153,167
Trustmark Corp.		22,630		727,781
Two River Bancorp.		3,285		61,068
U.S. Bancorp.		605,053		31,414,352
UMB Financial Corp.		16,637		1,245,446
Umpqua Holdings Corp.		83,255		1,528,562
Union Bankshares Corp.		17,117		580,266
Union Bankshares Inc./Morrisville VTb		808		38,380
United Bancorp. Inc./OH		2,640		32,340
United Bancshares Inc./OHb		679		15,787
United Bankshares Inc./WV		44,167		1,731,346
United Community Banks Inc./GA		27,239		757,244
United Security Bancshares/Fresno CAb		4,306		39,830
Unity Bancorp. Inc.		2,795		48,074
Univest Corp. of Pennsylvania		7,015		210,099
Valley National Bancorp.		100,461		1,186,444
Veritex Holdings Inc.a		3,196		84,151
Village Bank and Trust Financial Corp.a		113		3,576
Washington Trust Bancorp. Inc.		6,101		314,507
WashingtonFirst Bankshares Inc.		3,458		119,405
Webster Financial Corp.		34,558		1,804,619
Wellesley Bank		267		7,356
Wells Fargo & Co.		1,716,824		95,129,218
WesBanco Inc.		14,640		578,866
West Bancorp. Inc.		6,328		149,657
Westamerica Bancorp.		10,058		563,650
Western Alliance Bancorp.a		34,588		1,701,730
Wintrust Financial Corp.		20,079		1,534,839

Security	Shares		Value
Xenith Bankshares Inc.a,b		3,098	$	96,224
Zions BanCorp.		76,519		3,359,949
				637,937,975
BEVERAGES — 1.73%
Boston Beer Co. Inc. (The) Class Aa,b		3,502		462,789
Brown-Forman Corp. Class A		16,986		837,410
Brown-Forman Corp. Class B		72,062		3,502,213
Castle Brands Inc.a,b		31,222		53,702
Coca-Cola Bottling Co. Consolidated		903		206,670
Coca-Cola Co. (The)		1,466,575		65,775,889
Constellation Brands Inc. Class A		65,210		12,633,133
Craft Brew Alliance Inc.a,b		3,531		59,497
Crystal Rock Holdings Inc.a		3,612		2,962
Dr Pepper Snapple Group Inc.		70,130		6,389,544
MGP Ingredients Inc.b		7,249		370,931
Molson Coors Brewing Co. Class B		68,677		5,929,572
Monster Beverage Corp.a		153,604		7,631,047
National Beverage Corp.b		3,209		300,234
PepsiCo Inc.		544,231		62,853,238
Primo Water Corp.a,b		7,715		97,981
Reed’s Inc.a,b		3,650		8,943
Truett-Hurst Inc.a		708		1,473
Willamette Valley Vineyards Inc.a		794		6,423
				167,123,651
BIOTECHNOLOGY — 3.15%
AbbVie Inc.		609,265		44,177,805
Abeona Therapeutics Inc.a,b		9,840		62,976
ACADIA Pharmaceuticals Inc.a,b		34,983		975,676
Acceleron Pharma Inc.a,b		13,212		401,513
Achaogen Inc.a,b		12,828		278,752
Achillion Pharmaceuticals Inc.a,b		44,595		204,691
Acorda Therapeutics Inc.a,b		17,524		345,223
Actinium Pharmaceuticals Inc.a,b		13,878		16,931
Adamas Pharmaceuticals Inc.a,b		13,476		235,695
ADMA Biologics Inc.a,b		684		2,627
Aduro Biotech Inc.a		9,534		108,688
Advaxis Inc.a,b		10,495		68,113
Adverum Biotechnologies Inc.a		6,811		17,027

39

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Aeglea BioTherapeutics Inc.a		3,807	$	14,619
Aevi Genomic Medicine Inc.a		9,856		13,108
Agenus Inc.a,b		27,113		106,012
Agios Pharmaceuticals Inc.a,b		17,021		875,730
Aimmune Therapeutics Inc.a,b		3,662		75,291
Akebia Therapeutics Inc.a		11,211		161,102
Albireo Pharma Inc.a		17		350
Alder Biopharmaceuticals Inc.a,b		16,808		192,452
Aldeyra Therapeutics Inc.a,b		2,789		13,108
Alexion Pharmaceuticals Inc.a		86,229		10,491,482
Alkermes PLCa		61,813		3,583,300
Alnylam Pharmaceuticals Inc.a,b		33,683		2,686,556
Altimmune Inc.		2,265		7,248
AMAG Pharmaceuticals Inc.a,b		14,512		267,021
Amgen Inc.		282,446		48,645,675
Amicus Therapeutics Inc.a,b		52,259		526,248
AmpliPhi Biosciences Corp.a		77		60
Anavex Life Sciences Corp.a,b		11,247		59,834
Anthera Pharmaceuticals Inc.a,b		1,517		2,458
Applied Genetic Technologies Corp./DEa		3,748		19,115
Aptevo Therapeutics Inc.a		6,431		13,312
AquaBounty Technologies Inc.a		234		1,874
Aquinox Pharmaceuticals Inc.a		3,534		49,723
ARCA biopharma Inc.a,b		865		2,119
Ardelyx Inc.a,b		6,818		34,772
Arena Pharmaceuticals Inc.a		9,146		154,293
Argos Therapeutics Inc.a,b		6,256		2,272
ArQule Inc.a		21,734		26,950
Array BioPharma Inc.a,b		69,800		584,226
Arrowhead Pharmaceuticals Inc.a,b		21,695		35,146
Asterias Biotherapeutics Inc.a		4,071		14,452
Atara Biotherapeutics Inc.a,b		6,711		93,954
Athersys Inc.a,b		31,525		47,603
aTyr Pharma Inc.a		2,774		9,570
AVEO Pharmaceuticals Inc.a		23,496		52,161
Avexis Inc.a,b		7,224		593,524
Aviragen Therapeutics Inc.a		16,621		11,128
Bellicum Pharmaceuticals Inc.a		3,275		38,252
Biocept Inc.a,b		42,820		58,663
BioCryst Pharmaceuticals Inc.a		30,819		171,354
Biogen Inc.a		82,612		22,417,592

Security	Shares		Value
BioMarin Pharmaceutical Inc.a		66,053	$	5,998,933
Bioptix Inc.a		3,157		12,912
BioSpecifics Technologies Corp.a		2,621		129,766
Biostage Inc.a		6,294		2,593
BioTime Inc.a,b		23,553		74,192
Bioverativ Inc.a		41,029		2,468,715
Bluebird Bio Inc.a,b		14,680		1,542,134
Blueprint Medicines Corp.a		10,592		536,697
Brainstorm Cell Therapeutics Inc.a,b		7,051		29,332
Caladrius Biosciences Inc.a		2,558		11,895
Calithera Biosciences Inc.a		4,084		60,647
Cancer Genetics Inc.a,b		4,274		16,882
Capricor Therapeutics Inc.a,b		3,316		2,752
Cara Therapeutics Inc.a,b		6,732		103,605
CareDx Inc.a		3,187		3,538
Cascadian Therapeutics Inc.a		6,112		22,706
CASI Pharmaceuticals Inc.a		10,312		10,828
Catabasis Pharmaceuticals Inc.a,b		2,716		3,857
Catalyst Biosciences Inc.a		45		209
Catalyst Pharmaceuticals Inc.a		83,113		229,392
CEL-SCI Corp.a		1,928		4,299
Celgene Corp.a		296,508		38,507,494
Celldex Therapeutics Inc.a,b		38,289		94,574
Cellectar Biosciences Inc.a,b		597		973
Cellular Biomedicine Group Inc.a		3,317		29,024
Celsion Corp.a,b		461		945
Cerulean Pharma Inc.a,b		6,342		2,800
ChemoCentryx Inc.a,b		7,645		71,557
Chiasma Inc.a,b		2,871		4,163
Chimerix Inc.a,b		28,807		156,998
Cidara Therapeutics Inc.a		2,636		19,770
Cleveland BioLabs Inc.a		741		2,186
Clovis Oncology Inc.a		17,284		1,618,301
Coherus Biosciences Inc.a,b		10,762		154,435
Conatus Pharmaceuticals Inc.a,b		6,120		35,251
Concert Pharmaceuticals Inc.a		6,163		85,974
Corbus Pharmaceuticals Holdings Inc.a,b		13,022		82,039
Corvus Pharmaceuticals Inc.a,b		901		10,902

40

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
CTI BioPharma Corp.a		7,136	$	23,620
Curis Inc.a,b		41,591		78,607
Cyclacel Pharmaceuticals Inc.a,b		796		3,017
Cytokinetics Inc.a		17,495		211,689
CytomX Therapeutics Inc.a		2,885		44,717
Cytori Therapeutics Inc.a,b		4,141		4,555
CytRx Corp.a,b		21,119		13,242
Dicerna Pharmaceuticals Inc.a		4,315		13,679
Dimension Therapeutics Inc.a		2,763		4,006
Dyax Corp.a,d		19,917		45,610
Dynavax Technologies Corp.a		14,048		135,563
Eagle Pharmaceuticals Inc./DEa		2,797		220,655
Edge Therapeutics Inc.a,b		3,261		33,458
Editas Medicine Inc.a,b		2,674		44,870
Eiger Biopharmaceuticals Inc.a,b		248		1,959
Eleven Biotherapeutics Inc.a,b		3,397		5,333
Emergent BioSolutions Inc.a		11,219		380,436
Enanta Pharmaceuticals Inc.a		4,262		153,347
Epizyme Inc.a,b		14,832		223,963
Esperion Therapeutics Inc.a,b		7,439		344,277
Exact Sciences Corp.a,b		38,831		1,373,452
Exelixis Inc.a		79,988		1,970,104
Fate Therapeutics Inc.a,b		7,591		24,595
Fibrocell Science Inc.a		2,773		11,120
FibroGen Inc.a		20,382		658,339
Five Prime Therapeutics Inc.a,b		10,149		305,586
Flexion Therapeutics Inc.a,b		7,445		150,538
Fortress Biotech Inc.a,b		38,459		182,680
Foundation Medicine Inc.a,b		7,472		297,012
Galectin Therapeutics Inc.a,b		11,197		27,545
Galena Biopharma Inc.a		3,369		1,957
Genocea Biosciences Inc.a,b		7,170		37,427
Genomic Health Inc.a,b		6,811		221,698
GenVec Inc.a,d		437		—
Geron Corp.a,b		58,969		163,344
Gilead Sciences Inc.		504,347		35,697,681
Global Blood Therapeutics Inc.a		10,633		290,813
GlycoMimetics Inc.a,b		6,700		74,772
GTx Inc.a		2,312		12,230
Halozyme Therapeutics Inc.a		42,557		545,581
Heat Biologics Inc.a,b		3,404		2,073
Hemispherx Biopharma Inc.a		10,000		5,000
Heron Therapeutics Inc.a,b		11,069		153,306

Security	Shares		Value
Histogenics Corp.a,b		3,521	$	6,338
iBio Inc.a		31,270		12,070
Idera Pharmaceuticals Inc.a,b		37,600		64,672
Ignyta Inc.a		13,146		136,061
Immucell Corp.a		736		5,380
Immune Design Corp.a		3,271		31,892
Immune Pharmaceuticals Inc.a,b		568		1,766
ImmunoCellular Therapeutics Ltd.a,b		672		585
ImmunoGen Inc.a,b		31,642		224,975
Immunomedics Inc.a,b		34,040		300,573
Incyte Corp.a		65,944		8,303,009
Infinity Pharmaceuticals Inc.a,b		16,742		26,285
Inotek Pharmaceuticals Corp.a,b		6,089		11,569
Inovio Pharmaceuticals Inc.a,b		24,685		193,530
Insmed Inc.a		23,541		403,964
Insys Therapeutics Inc.a,b		16,831		212,912
Intercept Pharmaceuticals Inc.a		6,755		817,828
Intrexon Corp.a,b		15,870		382,308
Invitae Corp.a,b		3,264		31,204
Ionis Pharmaceuticals Inc.a,b		45,553		2,317,281
Iovance Biotherapeutics Inc.a		17,515		128,735
Ironwood Pharmaceuticals Inc.a,b		60,329		1,139,012
IsoRay Inc.a		23,718		14,824
Juno Therapeutics Inc.a,b		28,520		852,463
KalVista Pharmaceuticals Inc.a,b		3,306		23,803
Karyopharm Therapeutics Inc.a		7,241		65,531
Keryx Biopharmaceuticals Inc.a,b		40,974		296,242
Kindred Biosciences Inc.a,b		6,136		52,770
Kite Pharma Inc.a		17,515		1,815,780
Kura Oncology Inc.a,b		2,870		26,691
La Jolla Pharmaceutical Co.a,b		4,297		127,922
Lexicon Pharmaceuticals Inc.a,b		17,233		283,483
Ligand Pharmaceuticals Inc.a,b		7,617		924,704
Loxo Oncology Inc.a,b		4,103		329,020
MacroGenics Inc.a,b		10,943		191,612
Madrigal Pharmaceuticals Inc.a		632		10,276
MannKind Corp.a,b		24,306		34,271
MediciNova Inc.a,b		10,259		53,962
MEI Pharma Inc.a		10,487		25,064
Merrimack Pharmaceuticals Inc.b		42,611		52,838

41

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
MiMedx Group Inc.a		37,491	$	561,240
Minerva Neurosciences Inc.a		6,268		55,472
Miragen Therapeutics Inc.a,b		119		1,539
Mirati Therapeutics Inc.a,b		6,207		22,656
Mirna Therapeutics Inc.a,b		2,884		4,874
Momenta Pharmaceuticals Inc.a		23,692		400,395
Myriad Genetics Inc.a,b		25,160		650,134
NanoViricides Inc.a,b		16,627		22,446
NantKwest Inc.a,b		10,998		83,475
Natera Inc.a		3,677		39,932
Navidea Biopharmaceuticals Inc.a,b		52,491		26,770
Neothetics Inc.a,b		2,783		1,503
Neuralstem Inc.a,b		1,940		11,233
Neurocrine Biosciences Inc.a,b		34,146		1,570,716
NewLink Genetics Corp.a,b		9,621		70,714
Nivalis Therapeutics Inc.a		2,822		6,801
Novavax Inc.a,b		146,962		169,006
Ohr Pharmaceutical Inc.a		9,779		6,259
Oncocyte Corp.a		693		3,604
OncoGenex Pharmaceuticals Inc.a		167,299		60,177
OncoMed Pharmaceuticals Inc.a,b		4,230		14,086
Onconova Therapeutics Inc.a,b		460		994
Oncosec Medical Inc.a,b		6,868		8,173
Opexa Therapeutics Inc.a,b		3,518		2,287
OpGen Inc.a,b		640		410
Ophthotech Corp.a,b		10,704		27,402
OPKO Health Inc.a,b		143,504		944,256
Oragenics Inc.a,b		7,197		2,663
Organovo Holdings Inc.a,b		32,034		84,249
Otonomy Inc.a		7,613		143,505
OvaScience Inc.a,b		13,364		20,848
Palatin Technologies Inc.a		21,589		9,283
Peregrine Pharmaceuticals Inc.a		75,814		46,095
Pfenex Inc.a,b		6,338		25,415
Portola Pharmaceuticals Inc.a		23,683		1,330,274
Progenics Pharmaceuticals Inc.a,b		26,995		183,296
Proteon Therapeutics Inc.a,b		2,865		4,441
Proteostasis Therapeutics Inc.a		2,642		12,365
Prothena Corp. PLCa,b		13,400		725,208

Security	Shares		Value
PTC Therapeutics Inc.a,b		13,231	$	242,524
Puma Biotechnology Inc.a		13,496		1,179,550
Radius Health Inc.a,b		13,583		614,359
Recro Pharma Inc.a		884		6,215
Regeneron Pharmaceuticals Inc.a		28,645		14,068,705
REGENXBIO Inc.a		7,680		151,680
Regulus Therapeutics Inc.a,b		10,224		10,077
Repligen Corp.a		13,400		555,296
Retrophin Inc.a		11,120		215,617
Rexahn Pharmaceuticals Inc.a		7,910		22,623
Rigel Pharmaceuticals Inc.a,b		52,003		141,968
RXi Pharmaceuticals Corp.a,b		3,375		1,978
Sage Therapeutics Inc.a,b		13,832		1,101,580
Sangamo Therapeutics Inc.a,b		25,245		222,156
Sarepta Therapeutics Inc.a,b		21,894		738,047
Savara Inc.a,b		874		5,139
Seattle Genetics Inc.a		42,305		2,188,861
Seres Therapeutics Inc.a		16,473		186,145
Sorrento Therapeutics Inc.a,b		9,682		19,364
Spark Therapeutics Inc.a		7,573		452,411
Spectrum Pharmaceuticals Inc.a		17,709		131,932
Stemline Therapeutics Inc.a,b		6,321		58,153
Sunesis Pharmaceuticals Inc.a		4,083		11,024
Syndax Pharmaceuticals Inc.a,b		849		11,861
Synergy Pharmaceuticals Inc.a,b		69,114		307,557
Synthetic Biologics Inc.a		28,592		16,169
T2 Biosystems Inc.a		6,275		20,143
Tenax Therapeutics Inc.a,b		10,233		7,563
TESARO Inc.a,b		13,502		1,888,390
TG Therapeutics Inc.a,b		14,100		141,705
Threshold Pharmaceuticals Inc.a		24,122		9,480
Tonix Pharmaceuticals Holding Corp.a,b		594		2,572
Tracon Pharmaceuticals Inc.a,b		2,820		6,768
Trevena Inc.a,b		11,190		25,737
TrovaGene Inc.a,b		10,504		13,235
Ultragenyx Pharmaceutical Inc.a,b		13,714		851,777
United Therapeutics Corp.a		16,771		2,175,702
Vanda Pharmaceuticals Inc.a		16,657		271,509
Veracyte Inc.a		6,172		51,413
Verastem Inc.a		11,083		24,161

42

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Vericel Corp.a		10,255	$	33,841
Versartis Inc.a		7,109		124,052
Vertex Pharmaceuticals Inc.a		94,815		12,218,809
Vical Inc.a		3,677		9,965
Viking Therapeutics Inc.a		703		759
Vital Therapies Inc.a		7,824		22,690
Voyager Therapeutics Inc.a,b		2,645		23,699
vTv Therapeutics Inc. Class Aa		3,206		15,934
XBiotech Inc.a,b		840		3,948
Xencor Inc.a		11,341		239,408
XOMA Corp.a,b		2,567		17,943
Zafgen Inc.a,b		7,060		24,781
ZIOPHARM Oncology Inc.a,b		48,686		302,827
				303,863,355
BUILDING PRODUCTS — 0.48%
AAON Inc.		14,612		538,452
Advanced Drainage Systems Inc.		13,606		273,481
Allegion PLC		35,362		2,868,565
Alpha Pro Tech Ltd.a		6,193		18,269
American Woodmark Corp.a		6,099		582,759
AO Smith Corp.		55,858		3,146,481
Apogee Enterprises Inc.		10,567		600,628
Armstrong Flooring Inc.a		9,612		172,728
Armstrong World Industries Inc.a,b		17,822		819,812
Builders FirstSource Inc.a,b		31,691		485,506
Continental Building Products Inc.a		14,749		343,652
Continental Materials Corp.a		77		1,471
CSW Industrials Inc.a,b		6,166		238,316
Fortune Brands Home & Security Inc.		58,382		3,808,842
Gibraltar Industries Inc.a,b		11,001		392,186
Griffon Corp.		13,995		307,190
Insteel Industries Inc.		10,886		358,911
JELD-WEN Holding Inc.a		20,868		677,375
Jewett-Cameron Trading Co. Ltd.a		283		3,382
Johnson Controls International PLC		355,740		15,424,886
Lennox International Inc.		14,262		2,619,074
Masco Corp.		125,243		4,785,535

Security	Shares		Value
Masonite International Corp.a		10,643	$	803,547
NCI Building Systems Inc.a		13,787		230,243
Owens Corning		42,573		2,848,985
Patrick Industries Inc.a		6,124		446,133
PGT Innovations Inc.a		17,687		226,394
Ply Gem Holdings Inc.a		7,637		137,084
Quanex Building Products Corp.		13,179		278,736
Simpson Manufacturing Co. Inc.		14,673		641,357
Tecogen Inc.a,b		3,449		11,485
Trex Co. Inc.a		10,784		729,645
Universal Forest Products Inc.		7,255		633,434
USG Corp.a,b		34,931		1,013,698
				46,468,242
CAPITAL MARKETS — 2.79%
Affiliated Managers Group Inc.		23,320		3,867,855
Ameriprise Financial Inc.		59,899		7,624,544
Artisan Partners Asset Management Inc. Class A		14,312		439,378
Ashford Inc.a		153		7,665
Associated Capital Group Inc.		2,615		88,910
B. Riley Financial Inc.		652		12,095
Bank of New York Mellon Corp. (The)		398,408		20,326,776
BGC Partners Inc. Class A		115,334		1,457,822
BlackRock Inc.c		46,139		19,489,575
CBOE Holdings Inc.		34,306		3,135,568
Charles Schwab Corp. (The)		462,260		19,858,690
CME Group Inc.		129,102		16,168,734
Cohen & Steers Inc.		11,216		454,697
Cowen Group Inc. Class Aa,b		9,829		159,721
Diamond Hill Investment Group Inc.		627		125,024
Donnelley Financial Solutions Inc.a		10,081		231,460
E*TRADE Financial Corp.a		104,597		3,977,824
Eaton Vance Corp. NVS		42,322		2,002,677
Evercore Partners Inc. Class A		14,525		1,024,012
FactSet Research Systems Inc.		14,725		2,447,000
Federated Investors Inc. Class B NVS		18,196		514,037
Fifth Street Asset Management Inc.		2,673		12,964
Financial Engines Inc.b		20,330		744,078

43

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Franklin Resources Inc.		132,054	$	5,914,699
GAIN Capital Holdings Inc.		9,742		60,693
GAMCO Investors Inc. Class A		668		19,773
Global Brokerage Inc.a,b		2,636		5,272
Goldman Sachs Group Inc. (The)		139,067		30,858,967
Great Elm Capital Group Inc.a		5,167		17,568
Greenhill & Co. Inc.		10,615		213,361
Houlihan Lokey Inc.		3,765		131,398
Institutional Financial Markets Inc.		6,698		7,904
Interactive Brokers Group Inc. Class A		23,524		880,268
Intercontinental Exchange Inc.		228,936		15,091,461
INTL. FCStone Inc.a		6,248		235,924
Invesco Ltd.		156,543		5,508,748
Investment Technology Group Inc.		4,349		92,373
Janus Henderson Group PLCa,b		68,157		2,256,678
KCG Holdings Inc. Class Aa		18,111		361,133
Ladenburg Thalmann Financial Services Inc.a,b		40,937		99,886
Lazard Ltd. Class A		49,217		2,280,224
Legg Mason Inc.		37,022		1,412,760
LPL Financial Holdings Inc.		28,515		1,210,747
Manning & Napier Inc.		6,267		27,261
MarketAxess Holdings Inc.		14,426		2,901,069
Medley Management Inc.		2,863		18,610
Moelis & Co. Class A		6,887		267,560
Moody’s Corp.		63,202		7,690,419
Morgan Stanley		544,176		24,248,483
Morningstar Inc.		6,991		547,675
MSCI Inc.		34,704		3,574,165
Nasdaq Inc.		42,962		3,071,353
Northern Trust Corp.		83,271		8,094,774
Oppenheimer Holdings Inc. Class A		3,597		58,991
Piper Jaffray Companies		6,213		372,469
PJT Partners Inc. Class A		6,673		268,388
Pzena Investment Management Inc. Class A		6,210		63,094
Raymond James Financial Inc.		48,171		3,864,278
S&P Global Inc.		98,090		14,320,159

Security	Shares		Value
Safeguard Scientifics Inc.a		7,274	$	86,561
SEI Investments Co.		51,606		2,775,371
Silvercrest Asset Management Group Inc.		2,890		38,870
State Street Corp.		135,486		12,157,159
Stifel Financial Corp.a		24,773		1,139,063
T Rowe Price Group Inc.		93,775		6,959,043
TD Ameritrade Holding Corp.		90,476		3,889,563
TheStreet Inc.a		13,957		11,584
U.S. Global Investors Inc. Class Ab		7,247		11,088
Value Line Inc.		194		3,550
Virtu Financial Inc. Class A		18,244		322,007
Virtus Investment Partners Inc.		2,813		312,102
Waddell & Reed Financial Inc. Class A		22,659		427,802
Westwood Holdings Group Inc.		3,235		183,392
WisdomTree Investments Inc.		29,860		303,676
ZAIS Group Holdings Inc.a		855		1,992
				268,842,514
CHEMICALS — 2.20%
A Schulman Inc.		10,606		339,392
AdvanSix Inc.a		11,051		345,233
AgroFresh Solutions Inc.a,b		9,856		70,766
Air Products & Chemicals Inc.		82,849		11,852,378
Albemarle Corp.		41,961		4,428,564
American Vanguard Corp.		9,827		169,516
Ashland Global Holdings Inc.		23,505		1,549,215
Axalta Coating Systems Ltd.a,b		90,812		2,909,617
Balchem Corp.		13,400		1,041,314
BioAmber Inc.a		6,959		17,885
Cabot Corp.		23,881		1,275,962
Calgon Carbon Corp.		18,315		276,557
Celanese Corp. Series A		53,243		5,054,890
CF Industries Holdings Inc.		89,544		2,503,650
Chase Corp.		3,176		338,879
Chemours Co. (The)		69,496		2,635,288
Codexis Inc.a		11,154		60,789
Core Molding Technologies Inc.a,b		3,181		68,741
Dow Chemical Co. (The)		425,262		26,821,274
Eastman Chemical Co.		55,730		4,680,763
Ecolab Inc.		98,563		13,084,238

44

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
EI du Pont de Nemours & Co.		330,971	$	26,712,669
Ferro Corp.a		31,650		578,879
Flotek Industries Inc.a,b		20,242		180,963
FMC Corp.		49,567		3,620,869
FutureFuel Corp.		7,831		118,170
GCP Applied Technologies Inc.a		27,349		834,145
Hawkins Inc.		3,512		162,781
HB Fuller Co.		18,162		928,260
Huntsman Corp.		73,942		1,910,661
Ikonics Corp.a		237		2,121
Ingevity Corp.a		16,689		957,949
Innophos Holdings Inc.		7,022		307,845
Innospec Inc.		9,614		630,198
International Flavors & Fragrances Inc.		30,562		4,125,870
Intrepid Potash Inc.a,b		41,337		93,422
KMG Chemicals Inc.		3,222		156,815
Koppers Holdings Inc.a		7,199		260,244
Kraton Corp.a		11,160		384,350
Kronos Worldwide Inc.		7,589		138,272
LSB Industries Inc.a,b		7,076		73,095
LyondellBasell Industries NV Class A		125,266		10,571,198
MagneGas Corp.a,b		1,033		1,271
Marrone Bio Innovations Inc.a,b		7,627		9,839
Minerals Technologies Inc.		13,526		990,103
Monsanto Co.		167,233		19,793,698
Mosaic Co. (The)		138,662		3,165,653
NewMarket Corp.		3,602		1,658,649
Northern Technologies International Corp.a		791		12,616
Olin Corp.		62,540		1,893,711
OMNOVA Solutions Inc.a		17,312		168,792
Platform Specialty Products Corp.a,b		76,254		966,901
PolyOne Corp.		31,565		1,222,828
PPG Industries Inc.		98,636		10,846,015
Praxair Inc.		108,944		14,440,527
Quaker Chemical Corp.		4,289		622,891
Rayonier Advanced Materials Inc.		16,578		260,606
RPM International Inc.		49,403		2,694,934
Scotts Miracle-Gro Co. (The) Class A		17,209		1,539,517

Security	Shares		Value
Senomyx Inc.a,b		17,162	$	14,244
Sensient Technologies Corp.		17,168		1,382,539
Sherwin-Williams Co. (The)		30,908		10,847,472
Stepan Co.		6,892		600,569
TerraVia Holdings Inc.a,b		66,030		15,418
TOR Minerals International Inc.a		263		2,117
Trecora Resourcesa,b		7,066		79,493
Tredegar Corp.		9,761		148,855
Trinseo SA		17,056		1,171,747
Tronox Ltd. Class A		28,210		426,535
Valvoline Inc.		73,971		1,754,592
Westlake Chemical Corp.		14,478		958,588
WR Grace & Co.		27,091		1,950,823
Yield10 Bioscience Inc.a		315		1,635
				211,916,865
COMMERCIAL SERVICES & SUPPLIES — 0.51%
ABM Industries Inc.		20,858		866,024
ACCO Brands Corp.a		39,049		454,921
Acme United Corp.		740		21,164
Advanced Disposal Services Inc.a		14,603		331,926
AMREP Corp.a		692		4,692
Aqua Metals Inc.a,b		3,380		42,419
ARC Document Solutions Inc.a		14,220		59,155
Brady Corp. Class A		17,426		590,741
Brink’s Co. (The)		18,059		1,209,953
Casella Waste Systems Inc. Class Aa		13,929		228,575
CECO Environmental Corp.		10,232		93,930
Cemtrex Inc.b		3,524		12,686
Cenveo Inc.a		3,265		19,884
Cintas Corp.		31,998		4,033,028
Clean Harbors Inc.a		20,282		1,132,344
Command Security Corp.a,b		3,204		10,093
CompX International Inc.		257		3,919
Copart Inc.a,b		75,802		2,409,746
Covanta Holding Corp.		48,957		646,232
Deluxe Corp.		17,932		1,241,253
Ecology and Environment Inc. Class A		220		2,783
Ennis Inc.		9,850		188,135
Essendant Inc.		31,243		463,334
Fuel Tech Inc.a		6,894		5,791

45

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Healthcare Services Group Inc.		27,454	$	1,285,671
Heritage-Crystal Clean Inc.a		6,299		100,154
Herman Miller Inc.		21,632		657,613
HNI Corp.		17,024		678,747
Hudson Technologies Inc.a,b		10,583		89,426
Industrial Services of America Inc.a,b		3,579		5,333
InnerWorkings Inc.a		14,129		163,896
Interface Inc.		24,385		479,165
Intersections Inc.a		4,331		20,356
KAR Auction Services Inc.		51,732		2,171,192
Kimball International Inc. Class B		44		734
Knoll Inc.		14,588		292,489
LSC Communications Inc.		10,081		215,733
Matthews International Corp. Class A		11,350		695,188
McGrath RentCorp		7,592		262,911
Mobile Mini Inc.		17,166		512,405
MSA Safety Inc.		11,209		909,835
Multi-Color Corp.		4,269		348,350
NL Industries Inc.a		3,558		25,084
Odyssey Marine Exploration Inc.a,b		2,842		10,260
Performant Financial Corp.a		14,081		29,429
Perma-Fix Environmental Servicesa		4,209		15,573
Pitney Bowes Inc.		70,463		1,063,991
Quad/Graphics Inc.		9,620		220,490
Quest Resource Holding Corp.a,b		3,684		9,063
Republic Services Inc.		86,607		5,519,464
Rollins Inc.		35,160		1,431,364
RR Donnelley & Sons Co.		34,346		430,699
SP Plus Corp.a		6,867		209,787
Steelcase Inc. Class A		34,015		476,210
Stericycle Inc.a		31,592		2,411,101
Team Inc.a		10,697		250,845
Tetra Tech Inc.		21,523		984,677
U.S. Ecology Inc.		7,653		386,477
UniFirst Corp./MA		6,299		886,269
Versar Inc.a,b		3,336		4,871
Viad Corp.		7,142		337,460

Security	Shares		Value
Virco Manufacturing Corp.a		3,244	$	17,355
VSE Corp.		3,265		146,860
Waste Management Inc.		153,003		11,222,770
West Corp.		18,101		422,115
Wilhelmina International Inc.a		303		2,212
				49,476,352
COMMUNICATIONS EQUIPMENT — 1.10%
Acacia Communications Inc.a,b		5,904		244,839
ADTRAN Inc.		18,044		372,609
Aerohive Networks Inc.a,b		9,808		49,040
Applied Optoelectronics Inc.a,b		6,237		385,384
Arista Networks Inc.a,b		16,280		2,438,581
ARRIS International PLCa		72,224		2,023,716
Aviat Networks Inc.a		2,838		49,381
Black Box Corp.		6,311		53,959
Brocade Communications Systems Inc.		153,029		1,929,696
CalAmp Corp.a		13,825		281,062
Calix Inc.a		17,163		117,567
Ciena Corp.a		48,881		1,223,003
Cisco Systems Inc.		1,905,611		59,645,624
Clearfield Inc.a,b		4,095		54,054
ClearOne Inc.b		2,738		25,874
CommScope Holding Co. Inc.a		70,538		2,682,560
Communications Systems Inc.		2,859		12,379
Comtech Telecommunications Corp.		25,015		474,535
DASAN Zhone Solutions Inc.a		2,327		13,962
Digi International Inc.a		9,836		99,835
EchoStar Corp. Class Aa		17,379		1,054,905
EMCORE Corp.		3,663		39,011
Extreme Networks Inc.a		38,233		352,508
F5 Networks Inc.a		24,765		3,146,641
Finisar Corp.a		41,234		1,071,259
Harmonic Inc.a,b		32,132		168,693
Harris Corp.		46,131		5,031,969
Infinera Corp.a,b		52,996		565,467
InfoSonics Corp.a		6,738		3,167
Inseego Corp.a		11,351		14,189
InterDigital Inc./PA		13,399		1,035,743
Juniper Networks Inc.		146,122		4,073,881
KVH Industries Inc.a		6,196		58,862
Lantronix Inc.a		3,370		8,223

46

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Lumentum Holdings Inc.a,b		21,691	$	1,237,472
Motorola Solutions Inc.		62,765		5,444,236
MRV Communications Inc.a		2,814		27,718
NETGEAR Inc.a		13,044		562,196
NetScout Systems Inc.a		35,168		1,209,779
Network-1 Technologies Inc.		4,329		18,398
Oclaro Inc.a,b		35,682		333,270
Optical Cable Corp.a		3,335		8,171
Palo Alto Networks Inc.a,b		34,782		4,654,179
ParkerVision Inc.a,b		4,068		7,282
PC-Tel Inc.		6,872		48,654
Plantronics Inc.		13,118		686,203
RELM Wireless Corp.		6,057		23,017
Resonant Inc.a,b		2,834		12,555
ShoreTel Inc.a		24,414		141,601
Sonus Networks Inc.a		18,183		135,282
TESSCO Technologies Inc.		2,770		36,841
Ubiquiti Networks Inc.a,b		9,798		509,202
ViaSat Inc.a,b		20,419		1,351,738
Viavi Solutions Inc.a		87,986		926,493
Westell Technologies Inc. Class Aa		4,271		13,368
xG Technology Inc.a,b		195		318
				106,190,151
CONSTRUCTION & ENGINEERING — 0.20%
AECOMa		58,303		1,884,936
Aegion Corp.a		13,754		300,938
Ameresco Inc. Class Aa		7,106		54,716
Argan Inc.		4,181		250,860
Chicago Bridge & Iron Co. NVb		41,109		811,081
Comfort Systems USA Inc.		13,891		515,356
Dycom Industries Inc.a,b		13,069		1,169,937
EMCOR Group Inc.		23,683		1,548,395
Fluor Corp.		52,326		2,395,484
Goldfield Corp. (The)a		10,567		58,119
Granite Construction Inc.		14,455		697,309
Great Lakes Dredge & Dock Corp.a,b		21,196		91,143
HC2 Holdings Inc.a		10,297		60,546
IES Holdings Inc.a,b		3,382		61,383
Jacobs Engineering Group Inc.		45,486		2,473,984
KBR Inc.		52,943		805,792
Layne Christensen Co.a,b		7,660		67,331

Security	Shares		Value
MasTec Inc.a,b		24,677	$	1,114,167
MYR Group Inc.a		7,241		224,616
Northwest Pipe Co.a,b		3,554		57,788
NV5 Global Inc.a,b		3,084		131,070
Orion Group Holdings Inc.a		10,458		78,121
Primoris Services Corp.		14,103		351,729
Quanta Services Inc.a		56,400		1,856,688
Sterling Construction Co. Inc.a,b		6,820		89,137
Tutor Perini Corp.a,b		14,619		420,296
Valmont Industries Inc.		10,157		1,519,487
				19,090,409
CONSTRUCTION MATERIALS — 0.15%
Eagle Materials Inc.		17,804		1,645,446
Martin Marietta Materials Inc.		24,115		5,367,517
Summit Materials Inc. Class Aa,b		35,533		1,025,838
Tecnoglass Inc.		605		5,638
U.S. Concrete Inc.a		6,116		480,412
U.S. Lime & Minerals Inc.		502		39,392
Vulcan Materials Co.		49,548		6,276,740
				14,840,983
CONSUMER FINANCE — 0.74%
Ally Financial Inc.		170,090		3,554,881
American Express Co.		284,485		23,965,016
Asta Funding Inc.a		3,406		27,929
Atlanticus Holdings Corp.a		2,642		7,028
Capital One Financial Corp.		184,354		15,231,327
Consumer Portfolio Services Inc.a		7,163		32,592
Credit Acceptance Corp.a,b		4,411		1,134,245
Discover Financial Services		143,846		8,945,783
Encore Capital Group Inc.a		4,606		184,931
Enova International Inc.a		10,616		157,648
Ezcorp Inc. Class Aa		20,362		156,787
FirstCash Inc.		16,501		962,008
Green Dot Corp. Class Aa		16,989		654,586
LendingClub Corp.a		159,594		879,363
Navient Corp.		104,362		1,737,627
Nelnet Inc. Class A		9,054		425,629
Nicholas Financial Inc.a		4,085		37,705
OneMain Holdings Inc.a,b		23,319		573,414
PRA Group Inc.a,b		17,576		666,130
Regional Management Corp.a		3,714		87,762

47

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Santander Consumer USA Holdings Inc.a		35,219	$	449,394
SLM Corp.a		166,013		1,909,150
Synchrony Financial		298,964		8,915,106
World Acceptance Corp.a,b		3,360		251,698
				70,947,739
CONTAINERS & PACKAGING — 0.49%
AptarGroup Inc.		24,004		2,084,987
Avery Dennison Corp.		34,171		3,019,691
Ball Corp.		132,292		5,584,045
Bemis Co. Inc.		35,101		1,623,421
Berry Global Group Inc.a		51,166		2,916,974
Crown Holdings Inc.a		52,007		3,102,738
Graphic Packaging Holding Co.		121,507		1,674,366
Greif Inc. Class A NVS		10,158		566,613
Greif Inc. Class B		3,397		205,179
International Paper Co.		157,187		8,898,356
Myers Industries Inc.		7,770		139,472
Owens-Illinois Inc.a,b		62,743		1,500,813
Packaging Corp. of America		35,146		3,914,913
Sealed Air Corp.		73,505		3,290,084
Silgan Holdings Inc.		29,170		927,023
Sonoco Products Co.		37,987		1,953,292
UFP Technologies Inc.a		2,818		79,749
WestRock Co.		97,143		5,504,122
				46,985,838
DISTRIBUTORS — 0.12%
AMCON Distributing Co.		53		5,591
Core-Mark Holding Co. Inc.		17,293		571,707
Educational Development Corp.b		695		7,367
Genuine Parts Co.		55,372		5,136,307
LKQ Corp.a		115,875		3,818,081
Pool Corp.		14,547		1,710,291
Weyco Group Inc.		2,792		77,841
				11,327,185
DIVERSIFIED CONSUMER SERVICES — 0.17%
Adtalem Global Education Inc.		20,992		796,646
American Public Education Inc.a		6,661		157,533
Ascent Capital Group Inc. Class Aa		4,107		63,084
Bridgepoint Education Inc.a		6,859		101,239

Security	Shares		Value
Bright Horizons Family Solutions Inc.a		16,775	$	1,295,198
Cambium Learning Group Inc.a		4,207		21,329
Capella Education Co.		3,690		315,864
Career Education Corp.a		24,659		236,726
Carriage Services Inc.		6,702		180,686
Chegg Inc.a		18,115		222,633
Collectors Universe Inc.		3,237		80,439
Graham Holdings Co. Class B		2,341		1,403,781
Grand Canyon Education Inc.a		17,432		1,366,843
H&R Block Inc.		80,532		2,489,244
Houghton Mifflin Harcourt Co.a		38,881		478,236
K12 Inc.a		11,267		201,905
Laureate Education Inc. Class Aa		23,266		407,853
Liberty Tax Inc.		2,847		36,869
Lincoln Educational Services Corp.a		10,179		31,555
National American University Holdings Inc.		3,397		8,594
Regis Corp.a		14,026		144,047
Service Corp. International/U.S.		73,002		2,441,917
ServiceMaster Global Holdings Inc.a		51,461		2,016,757
Sotheby’sa		20,332		1,091,218
Strayer Education Inc.		3,912		364,677
Universal Technical Institute Inc.a		7,259		25,915
Weight Watchers International Inc.a,b		10,364		346,365
				16,327,153
DIVERSIFIED FINANCIAL SERVICES — 1.34%
A-Mark Precious Metals Inc.		684		11,245
Berkshire Hathaway Inc. Class Ba		724,394		122,690,612
GWG Holdings Inc.a		186		1,968
Leucadia National Corp.		128,116		3,351,515
LM Funding America Inc.a,b		2,928		12,268
Marlin Business Services Corp.		3,501		88,050
NewStar Financial Inc.		7,621		80,020
On Deck Capital Inc.a,b		13,908		64,811
Tiptree Inc.		13,087		92,263
Voya Financial Inc.		74,321		2,741,702
				129,134,454

48

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.82%
Alaska Communications Systems Group Inc.a		20,726	$	45,597
AT&T Inc.		2,340,086		88,291,445
ATN International Inc.		6,484		443,765
CenturyLink Inc.		204,316		4,879,066
Cincinnati Bell Inc.a		14,862		290,552
Cogent Communications Holdings Inc.		19,870		796,787
Consolidated Communications Holdings Inc.		18,169		390,089
Fairpoint Communications Inc.a		14,060		220,039
Frontier Communications Corp.b		367,087		425,821
Fusion Telecommunications International Inc.a,b		3,218		4,666
General Communication Inc. Class Aa		10,652		390,289
Globalstar Inc.a,b		101,285		215,737
Hawaiian Telcom Holdco Inc.a		3,769		94,187
IDT Corp. Class B		30		431
Iridium Communications Inc.a,b		30,608		338,219
Level 3 Communications Inc.a		111,990		6,641,007
Lumos Networks Corp.a		7,806		139,493
One Horizon Group Inc.a,b		984		787
Ooma Inc.a,b		2,587		20,696
ORBCOMM Inc.a,b		24,378		275,471
Otelco Inc.a		811		6,204
Pareteum Corp.a,b		1,563		893
pdvWireless Inc.a,b		3,709		86,420
Straight Path Communications Inc. Class Ba,b		3,560		639,554
Verizon Communications Inc.		1,553,655		69,386,232
Vonage Holdings Corp.a		69,104		451,940
Windstream Holdings Inc.		89,320		346,562
Zayo Group Holdings Inc.a		38,619		1,193,327
				176,015,276
ELECTRIC UTILITIES — 1.83%
ALLETE Inc.		25,404		1,820,959
Alliant Energy Corp.		84,430		3,391,553
American Electric Power Co. Inc.		186,893		12,983,457
Avangrid Inc.		19,224		848,740
Duke Energy Corp.		263,524		22,027,971

Security	Shares		Value
Edison International		123,320	$	9,642,391
El Paso Electric Co.		24,017		1,241,679
Entergy Corp.		67,352		5,170,613
Eversource Energy		122,136		7,414,877
Exelon Corp.		351,099		12,664,141
FirstEnergy Corp.		175,505		5,117,726
Genie Energy Ltd. Class B		6,804		51,846
Great Plains Energy Inc.		84,851		2,484,437
Hawaiian Electric Industries Inc.		41,082		1,330,235
IDACORP Inc.		23,887		2,038,755
MGE Energy Inc.		18,136		1,167,052
NextEra Energy Inc.		177,155		24,824,730
OGE Energy Corp.		83,098		2,890,979
Otter Tail Corp.		14,235		563,706
PG&E Corp.		191,271		12,694,656
Pinnacle West Capital Corp.		41,775		3,557,559
PNM Resources Inc.		30,675		1,173,319
Portland General Electric Co.		34,075		1,556,887
PPL Corp.		261,963		10,127,490
Southern Co. (The)		374,206		17,916,983
Spark Energy Inc. Class Ab		5,918		111,258
Westar Energy Inc.		52,752		2,796,911
Xcel Energy Inc.		191,130		8,769,044
				176,379,954
ELECTRICAL EQUIPMENT — 0.59%
Acuity Brands Inc.b		16,891		3,433,602
Allied Motion Technologies Inc.		2,809		76,461
American Electric Technologies Inc.a		3,519		6,334
American Superconductor Corp.a,b		4,166		19,247
AMETEK Inc.		90,825		5,501,270
Atkore International Group Inc.a		10,966		247,283
AZZ Inc.		10,078		562,352
Babcock & Wilcox Enterprises Inc.a		20,268		238,352
Broadwind Energy Inc.a		6,822		34,383
Capstone Turbine Corp.a,b		6,727		4,574
Eaton Corp. PLC		171,450		13,343,954
Emerson Electric Co.		244,177		14,557,833
Encore Wire Corp.		7,528		321,446
Energous Corp.a,b		4,269		69,414
Energy Focus Inc.a,b		3,385		8,903

49

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
EnerSys		16,782	$	1,215,856
Enphase Energy Inc.a		10,406		9,001
Ensync Inc.a,b		21,689		8,018
Espey Manufacturing & Electronics Corp.		612		13,721
FuelCell Energy Inc.a,b		11,060		13,714
Generac Holdings Inc.a		24,557		887,244
General Cable Corp.		17,709		289,542
Hubbell Inc.		20,190		2,284,902
Ideal Power Inc.a,b		3,181		6,680
LSI Industries Inc.		9,753		88,265
Ocean Power Technologies Inc.a,b		295		407
Orion Energy Systems Inc.a		10,686		13,678
Pioneer Power Solutions Inc.a		2,685		17,990
Plug Power Inc.a,b		66,483		135,625
Powell Industries Inc.		3,402		108,830
Preformed Line Products Co.		650		30,173
Real Goods Solar Inc. Class Aa		3		3
Regal Beloit Corp.		17,196		1,402,334
Revolution Lighting Technologies Inc.a,b		6,161		40,601
Rockwell Automation Inc.		48,809		7,905,106
Sensata Technologies Holding NVa,b		63,540		2,714,429
Servotronics Inc.		113		1,060
Sunrun Inc.a,b		61,300		436,456
Sunworks Inc.a,b		6,328		11,074
Thermon Group Holdings Inc.a,b		11,310		216,813
Ultralife Corp.a		3,683		26,518
Vicor Corp.a		6,371		114,041
Vivint Solar Inc.a,b		7,191		42,067
				56,459,556
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.86%
ADDvantage Technologies Group Inc.a		2,664		4,289
Amphenol Corp. Class A		118,148		8,721,685
Anixter International Inc.a		10,652		832,986
Applied DNA Sciences Inc.a		7,598		13,372
Arrow Electronics Inc.a		34,565		2,710,587
Avnet Inc.		49,173		1,911,846
AVX Corp.		17,464		285,362

Security	Shares		Value
Badger Meter Inc.		10,622	$	423,287
Bel Fuse Inc. Class A		246		5,129
Bel Fuse Inc. Class B		3,462		85,511
Belden Inc.		16,613		1,253,119
Benchmark Electronics Inc.a		18,172		586,956
CDW Corp./DE		59,410		3,714,907
ClearSign Combustion Corp.a		2,687		10,211
Cognex Corp.		31,608		2,683,519
Coherent Inc.a		9,523		2,142,580
Control4 Corp.a		6,842		134,172
Corning Inc.		358,268		10,765,953
CPS Technologies Corp.a,b		3,262		3,882
CTS Corp.		11,323		244,577
CUI Global Inc.a,b		7,289		27,990
Daktronics Inc.		14,146		136,226
Data I/O Corp.a		3,178		25,265
Digital Ally Inc.a		889		2,800
Dolby Laboratories Inc. Class A		21,982		1,076,239
Dynasil Corp. of Americaa,b		6,107		7,389
Echelon Corp.a		759		3,970
Electro Scientific Industries Inc.a		10,366		85,416
Electro-Sensors Inc.a		222		837
eMagin Corp.a		7,781		19,063
ePlus Inc.a		4,944		366,350
Fabrineta,b		11,057		471,692
FARO Technologies Inc.a,b		6,800		257,040
Fitbit Inc. Class Aa,b		48,181		255,841
FLIR Systems Inc.		51,947		1,800,483
Frequency Electronics Inc.a		3,178		30,318
Giga-Tronics Inc.a,b		905		715
ID Systems Inc.a		4,173		25,581
Identiv Inc.a		4,337		22,769
IEC Electronics Corp.a		3,685		13,266
II-VI Inc.a		20,116		689,979
Image Sensing Systems Inc.a		2,809		10,253
Insight Enterprises Inc.a		13,875		554,861
Intellicheck Inc.a,b		3,330		12,920
IntriCon Corp.a		2,814		22,512
IPG Photonics Corp.a		14,996		2,175,920
Iteris Inc.a,b		10,223		63,587
Itron Inc.a		11,301		765,643
Jabil Inc.		72,598		2,119,136
Kemet Corp.a,b		17,209		220,275

50

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
KEY Tronic Corp.a		3,619	$	25,623
Keysight Technologies Inc.a		76,212		2,966,933
Kimball Electronics Inc.a		7,660		138,263
Knowles Corp.a,b		32,140		543,809
LGL Group Inc. (The)a		257		1,239
LightPath Technologies Inc. Class Aa		4,287		11,575
Littelfuse Inc.		7,714		1,272,810
LRAD Corp.		11,325		19,139
Luna Innovations Inc.a		13,301		20,085
Maxwell Technologies Inc.a,b		11,268		67,495
Mesa Laboratories Inc.		704		100,890
Methode Electronics Inc.		14,050		578,860
Microvision Inc.a,b		18,135		38,446
MTS Systems Corp.		6,678		345,920
NAPCO Security Technologies Inc.a,b		4,310		40,514
National Instruments Corp.		38,061		1,530,813
Neonode Inc.a,b		14,767		15,948
NetList Inc.a,b		16,661		16,994
Novanta Inc.a		11,159		401,724
OSI Systems Inc.a,b		6,898		518,385
PAR Technology Corp.a		3,753		32,013
Park Electrochemical Corp.		7,200		132,624
PC Connection Inc.		11,091		300,122
PCM Inc.a		3,270		61,313
Perceptron Inc.a		3,533		25,720
Plexus Corp.a		13,089		688,089
RadiSys Corp.a,b		13,188		49,587
Research Frontiers Inc.a		7,085		9,140
RF Industries Ltd.		3,185		5,892
Richardson Electronics Ltd./U.S.		4,156		24,811
RMG Networks Holding Corp.a,b		5,792		3,823
Rogers Corp.a		6,851		744,156
Sanmina Corp.a		24,923		949,566
ScanSource Inc.a		10,267		413,760
Schmitt Industries Inc.a		374		666
SigmaTron International Inc.a		2,649		17,430
Superconductor Technologies Inc.a,b		303		527
SYNNEX Corp.		10,648		1,277,334
Systemax Inc.		3,707		69,692
Taitron Components Inc.		800		1,304

Security	Shares		Value
TE Connectivity Ltd.		136,802	$	10,763,581
Tech Data Corp.a		13,840		1,397,840
Trimble Inc.a		94,151		3,358,366
TTM Technologies Inc.a,b		37,245		646,573
Uni-Pixel Inc.a,b		10,721		4,095
Universal Display Corp.b		16,671		1,821,307
Universal Security Instruments Inc.a		622		1,742
VeriFone Systems Inc.a,b		38,057		688,832
Vicon Industries Inc.a		2,760		1,615
Vishay Intertechnology Inc.		49,537		822,314
Vishay Precision Group Inc.a		4,227		73,127
Wayside Technology Group Inc.		830		16,061
Wireless Telecom Group Inc.a,b		6,747		10,795
Zebra Technologies Corp. Class Aa		20,182		2,028,695
				82,896,243
ENERGY EQUIPMENT & SERVICES — 0.92%
Archrock Inc.		27,574		314,344
Aspen Aerogels Inc.a		6,694		29,788
Atwood Oceanics Inc.a,b		25,200		205,380
Baker Hughes Inc.		159,461		8,692,219
Bristow Group Inc.		10,033		76,752
C&J Energy Services Inc.a		24,369		835,126
CARBO Ceramics Inc.a,b		7,582		51,937
Core Laboratories NV		17,617		1,784,074
Dawson Geophysical Co.a		17,686		69,329
Diamond Offshore Drilling Inc.a,b		18,284		198,016
Dril-Quip Inc.a		16,899		824,671
Eco Stim Energy Solutions Inca,b		4,359		5,449
ENGlobal Corp.a		6,290		8,177
Ensco PLC Class A		129,756		669,541
Enservco Corp.a,b		9,833		3,079
Era Group Inc.a		7,028		66,485
Exterran Corp.a		13,618		363,601
Fairmount Santrol Holdings Inc.a,b		56,409		219,995
Forum Energy Technologies Inc.a,b		24,765		386,334
Frank’s International NVb		24,098		199,772
Geospace Technologies Corp.a,b		6,121		84,653
Gulf Island Fabrication Inc.		4,371		50,704

51

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Halliburton Co.		337,764	$	14,425,900
Helix Energy Solutions Group Inc.a		49,467		278,994
Helmerich & Payne Inc.		40,978		2,226,744
Hornbeck Offshore Services Inc.a,b		9,520		26,942
Independence Contract Drilling Inc.a		10,047		39,083
ION Geophysical Corp.a,b		3,444		14,981
Matrix Service Co.a		10,257		95,903
McDermott International Inc.a,b		89,681		643,013
Mitcham Industries Inc.a		4,140		16,477
Nabors Industries Ltd.		118,499		964,582
National Oilwell Varco Inc.		146,120		4,813,193
Natural Gas Services Group Inc.a		17		422
Newpark Resources Inc.a		34,010		249,973
Noble Corp. PLCb		101,463		367,296
Oceaneering International Inc.		36,028		822,880
Oil States International Inc.a,b		24,731		671,447
Parker Drilling Co.a,b		87,115		117,605
Patterson-UTI Energy Inc.		62,384		1,259,533
PHI Inc.a		147		1,499
PHI Inc. NVSa		2,877		28,080
Pioneer Energy Services Corp.a		24,391		50,002
Profire Energy Inc.a,b		11,108		14,440
RigNet Inc.a		4,245		68,132
Rowan Companies PLC Class Aa		44,087		451,451
RPC Inc.b		21,921		443,023
SAExploration Holdings Inc.a		15		49
Schlumberger Ltd.		531,809		35,014,305
SEACOR Holdings Inc.a,b		7,301		250,424
SEACOR Marine Holdings Inc.a,b		7,337		149,381
Superior Drilling Products Inc.a,b		3,326		2,095
Superior Energy Services Inc.a		62,919		656,245
Synthesis Energy Systems Inc.a,b		27,730		18,579
TechnipFMC PLCa		175,382		4,770,390
Tesco Corp.a,b		17,433		77,577
TETRA Technologies Inc.a		34,427		96,051
Transocean Ltd.a		153,339		1,261,980

Security	Shares		Value
U.S. Silica Holdings Inc.		27,673	$	982,115
Unit Corp.a,b		20,894		391,345
Weatherford International PLCa,b		413,738		1,601,166
Willbros Group Inc.a		16,764		41,407
				88,544,130
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.94%
Acadia Realty Trust		26,980		750,044
ACRE Realty Investors Inc.a,b		2,715		2,253
Agree Realty Corp.		10,283		471,681
Alexander’s Inc.b		1,096		461,920
Alexandria Real Estate Equities Inc.b		34,243		4,125,254
Altisource Residential Corp.		20,777		268,854
American Assets Trust Inc.		21,092		830,814
American Campus Communities Inc.		52,714		2,493,372
American Homes 4 Rent Class Ab		88,450		1,996,316
American Tower Corp.		162,832		21,545,930
Apartment Investment & Management Co. Class A		59,316		2,548,809
Apple Hospitality REIT Inc.		58,997		1,103,834
Armada Hoffler Properties Inc.		13,247		171,549
Ashford Hospitality Prime Inc.		8,081		83,153
Ashford Hospitality Trust Inc.b		30,627		186,212
AvalonBay Communities Inc.		51,751		9,944,990
Bluerock Residential Growth REIT Inc.b		6,945		89,521
Boston Properties Inc.		58,597		7,208,603
Brandywine Realty Trust		66,060		1,158,032
Brixmor Property Group Inc.		92,672		1,656,975
BRT Realty Trusta,b		3,416		26,850
Camden Property Trust		32,287		2,760,861
Care Capital Properties Inc.		28,637		764,608
CareTrust REIT Inc.		21,261		394,179
CatchMark Timber Trust Inc. Class A		14,122		160,567
CBL & Associates Properties Inc.b		51,795		436,632
Cedar Realty Trust Inc.		23,150		112,277
Chatham Lodging Trust		10,814		217,253

52

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Chesapeake Lodging Trust		21,618	$	528,992
City Office REIT Inc.b		7,667		97,371
Colony NorthStar Inc. Class A		216,250		3,046,962
Colony Starwood Homes		37,105		1,273,073
Columbia Property Trust Inc.b		62,924		1,408,239
Community Healthcare Trust Inc.		4,108		105,124
CoreCivic Inc.		51,697		1,425,803
CorEnergy Infrastructure Trust Inc.b		4,095		137,551
CoreSite Realty Corp.		13,259		1,372,704
Corporate Office Properties Trustb		35,530		1,244,616
Cousins Properties Inc.		188,617		1,657,943
Crown Castle International Corp.		137,876		13,812,418
CubeSmart		73,760		1,773,190
CyrusOne Inc.b		31,475		1,754,731
DCT Industrial Trust Inc.		34,513		1,844,375
DDR Corp.		126,356		1,146,049
DiamondRock Hospitality Co.b		70,089		767,475
Digital Realty Trust Inc.		59,582		6,729,787
Douglas Emmett Inc.		52,671		2,012,559
Duke Realty Corp.		137,378		3,839,715
DuPont Fabros Technology Inc.b		28,091		1,718,046
Easterly Government Properties Inc.b		7,285		152,621
EastGroup Properties Inc.b		17,149		1,437,086
Education Realty Trust Inc.		27,541		1,067,214
Empire State Realty Trust Inc. Class Ab		45,355		942,023
EPR Properties		27,284		1,960,901
Equinix Inc.		29,243		12,549,926
Equity Commonwealtha,b		46,103		1,456,855
Equity Lifestyle Properties Inc.b		28,993		2,503,256
Equity Residential		138,373		9,109,095
Essex Property Trust Inc.b		24,708		6,356,627
Extra Space Storage Inc.		49,652		3,872,856
Farmland Partners Inc.		6,709		59,978
Federal Realty Investment Trust		28,510		3,603,379
FelCor Lodging Trust Inc.		48,837		352,115
First Industrial Realty Trust Inc.		44,372		1,269,927

Security	Shares		Value
First Potomac Realty Trustb		21,136	$	234,821
Forest City Realty Trust Inc. Class A		83,930		2,028,588
Four Corners Property Trust Inc.		24,590		617,455
Franklin Street Properties Corp.		35,026		388,088
Gaming and Leisure Properties Inc.		73,084		2,753,074
GEO Group Inc. (The)		51,643		1,527,084
Getty Realty Corp.		10,188		255,719
GGP Inc.b		219,003		5,159,711
Gladstone Commercial Corp.		7,667		167,064
Gladstone Land Corp.		3,229		37,682
Global Net Lease Inc.b		20,835		463,370
Global Self Storage Inc.		3,147		15,641
Government Properties Income Trust		5,487		100,467
Gramercy Property Trust		59,303		1,761,892
HCP Inc.		174,263		5,569,445
Healthcare Realty Trust Inc.		48,487		1,655,831
Healthcare Trust of America Inc. Class A		58,907		1,832,597
Hersha Hospitality Trust		16,057		297,215
Highwoods Properties Inc.		41,372		2,097,974
Hospitality Properties Trust		51,554		1,502,799
Host Hotels & Resorts Inc.		281,227		5,138,017
Hudson Pacific Properties Inc.		58,023		1,983,806
Independence Realty Trust Inc.		10,201		100,684
InfraREIT Inc.a		19,856		380,242
Investors Real Estate Trust		73,689		457,609
Invitation Homes Inc.b		29,995		648,792
Iron Mountain Inc.		98,147		3,372,331
iStar Inc.a,b		28,598		344,320
Jernigan Capital Inc.b		2,798		61,556
Kilroy Realty Corp.		35,087		2,636,788
Kimco Realty Corp.		164,785		3,023,805
Kite Realty Group Trust		23,276		440,615
Lamar Advertising Co. Class A		31,550		2,321,133
LaSalle Hotel Properties		42,323		1,261,225
Lexington Realty Trust		80,224		795,020
Liberty Property Trust		55,829		2,272,799
Life Storage Inc.		20,040		1,484,964
LTC Properties Inc.		14,400		740,016
Macerich Co. (The)		45,452		2,638,943

53

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Mack-Cali Realty Corp.		34,742	$	942,898
Medical Properties Trust Inc.		164,512		2,117,269
Mid-America Apartment Communities Inc.		44,829		4,724,080
Monmouth Real Estate Investment Corp.b		24,875		374,369
Monogram Residential Trust Inc.b		63,045		612,167
National Health Investors Inc.b		16,667		1,320,026
National Retail Properties Inc.		60,207		2,354,094
National Storage Affiliates Trust		21,323		492,775
New Senior Investment Group Inc.b		29,145		292,907
NexPoint Residential Trust Inc.		7,598		189,114
NorthStar Realty Europe Corp.		23,770		301,404
Omega Healthcare Investors Inc.b		81,020		2,675,280
One Liberty Properties Inc.		6,085		142,572
Outfront Media Inc.		52,241		1,207,812
Paramount Group Inc.b		73,785		1,180,560
Park Hotels & Resorts Inc.b		54,138		1,459,560
Parkway Inc.		14,220		325,496
Pebblebrook Hotel Trustb		27,553		888,309
Pennsylvania REITb		20,622		233,441
Physicians Realty Trust		61,534		1,239,295
Piedmont Office Realty Trust Inc. Class Ab		55,439		1,168,654
Potlatch Corp.		16,544		756,061
Power REITa		239		1,733
Preferred Apartment Communities Inc. Class A		7,802		122,881
Prologis Inc.		203,368		11,925,500
PS Business Parks Inc.		10,133		1,341,508
Public Storageb		56,141		11,707,083
QTS Realty Trust Inc. Class A		16,913		885,057
Quality Care Properties Inc.a		34,034		623,163
RAIT Financial Trust		14,389		31,512
Ramco-Gershenson Properties Trust		25,810		332,949
Rayonier Inc.b		45,475		1,308,316
Realty Income Corp.b		105,370		5,814,317
Regency Centers Corp.		57,832		3,622,596
Retail Opportunity Investments Corp.		60,620		1,163,298

Security	Shares		Value
Retail Properties of America Inc. Class A		89,693	$	1,095,152
Rexford Industrial Realty Inc.		24,419		670,057
RLJ Lodging Trust		47,933		952,429
Ryman Hospitality Properties Inc.b		20,366		1,303,628
Sabra Health Care REIT Inc.		24,640		593,824
Saul Centers Inc.		4,142		240,153
SBA Communications Corp.a		46,137		6,223,881
Select Income REIT		37,162		893,003
Senior Housing Properties Trust		74,825		1,529,423
Seritage Growth Properties Class Ab		9,488		398,022
Simon Property Group Inc.		119,434		19,319,644
SL Green Realty Corp.		37,765		3,995,537
Sotherly Hotels Inc.b		4,166		28,245
Spirit Realty Capital Inc.		198,134		1,468,173
STAG Industrial Inc.		35,686		984,934
STORE Capital Corp.b		58,445		1,312,090
Summit Hotel Properties Inc.		27,471		512,334
Sun Communities Inc.		27,091		2,375,610
Sunstone Hotel Investors Inc.		82,717		1,333,398
Tanger Factory Outlet Centers Inc.b		35,589		924,602
Taubman Centers Inc.		24,057		1,432,594
Terreno Realty Corp.		17,310		582,655
Tier REIT Inc.		17,461		322,679
UDR Inc.		101,051		3,937,957
UMH Properties Inc.		9,711		165,573
Uniti Group Inc.a		64,078		1,610,921
Universal Health Realty Income Trust		4,096		325,796
Urban Edge Properties		34,934		828,984
Urstadt Biddle Properties Inc. Class A		2,794		55,321
Ventas Inc.		136,943		9,514,800
VEREIT Inc.b		365,764		2,977,319
Vornado Realty Trust		65,839		6,182,282
Washington Prime Group Inc.b		97,360		814,903
Washington REIT		28,197		899,484
Weingarten Realty Investors		44,422		1,337,102
Welltower Inc.		139,202		10,419,270
Weyerhaeuser Co.		291,218		9,755,803

54

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Wheeler REITb		736	$	7,515
Whitestone REITb		10,361		126,922
WP Carey Inc.		44,843		2,960,086
Xenia Hotels & Resorts Inc.		41,422		802,344
				380,023,612
FOOD & STAPLES RETAILING — 1.64%
Andersons Inc. (The)		10,165		347,135
Casey’s General Stores Inc.		14,298		1,531,459
Chefs’ Warehouse Inc. (The)a,b		6,995		90,935
Costco Wholesale Corp.		167,107		26,725,422
CVS Health Corp.		389,292		31,322,434
Ingles Markets Inc. Class A		4,263		141,958
Kroger Co. (The)		349,202		8,143,391
Natural Grocers by Vitamin Cottage Inc.a,b		20,577		170,172
Performance Food Group Co.a		27,398		750,705
PriceSmart Inc.		7,315		640,794
Rite Aid Corp.a		436,338		1,287,197
Smart & Final Stores Inc.a,b		10,270		93,457
SpartanNash Co.		13,949		362,116
Sprouts Farmers Market Inc.a		52,961		1,200,626
SUPERVALU Inc.a		97,795		321,745
Sysco Corp.		192,469		9,686,965
U.S. Foods Holding Corp.a		49,949		1,359,612
United Natural Foods Inc.a		18,252		669,848
Village Super Market Inc. Class A		2,889		74,883
Wal-Mart Stores Inc.		558,348		42,255,777
Walgreens Boots Alliance Inc.		326,044		25,532,506
Weis Markets Inc.		7,831		381,526
Whole Foods Market Inc.		118,595		4,994,035
				158,084,698
FOOD PRODUCTS — 1.42%
Alico Inc.		649		20,314
Amplify Snack Brands Inc.a,b		10,823		104,334
Arcadia Biosciences Inc.a		3,689		1,660
Archer-Daniels-Midland Co.		219,825		9,096,359
B&G Foods Inc.		24,409		868,960
Blue Buffalo Pet Products Inc.a,b		35,184		802,547
Bridgford Foods Corp.a,b		641		8,493
Bunge Ltd.		52,593		3,923,438
Cal-Maine Foods Inc.a,b		11,111		439,996
Calavo Growers Inc.		6,153		424,865

Security	Shares		Value
Campbell Soup Co.		73,267	$	3,820,874
Coffee Holding Co. Inc.a		3,266		14,566
Conagra Brands Inc.		159,410		5,700,502
Darling Ingredients Inc.a		62,531		984,238
Dean Foods Co.		34,789		591,413
Farmer Bros. Co.a,b		13		393
Flowers Foods Inc.		69,464		1,202,422
Fresh Del Monte Produce Inc.		13,079		665,852
Freshpet Inc.a		6,869		114,025
General Mills Inc.		221,399		12,265,505
Hain Celestial Group Inc. (The)a,b		38,593		1,498,180
Hershey Co. (The)		52,478		5,634,563
Hormel Foods Corp.		101,207		3,452,171
Hostess Brands Inc.a		37,754		607,839
Ingredion Inc.		27,639		3,294,845
Inventure Foods Inc.a,b		7,218		31,110
J&J Snack Foods Corp.		6,228		822,532
JM Smucker Co. (The)		45,067		5,332,778
John B Sanfilippo & Son Inc.		3,362		212,176
Kellogg Co.		97,089		6,743,802
Kraft Heinz Co. (The)		226,619		19,407,651
Lamb Weston Holdings Inc.		55,015		2,422,861
Lancaster Colony Corp.		7,611		933,261
Landec Corp.a,b		10,312		153,133
Lifeway Foods Inc.a		2,676		24,994
Limoneira Co.		4,144		97,923
McCormick & Co. Inc./MD NVS		42,534		4,147,490
Mondelez International Inc. Class A		580,930		25,090,367
Omega Protein Corp.		7,746		138,653
Pilgrim’s Pride Corp.a		17,470		382,942
Pinnacle Foods Inc.		45,139		2,681,257
Post Holdings Inc.a		24,215		1,880,295
RiceBran Technologiesa		3,351		3,217
Rocky Mountain Chocolate Factory Inc.		2,636		31,105
S&W Seed Co.a,b		4,393		18,231
Sanderson Farms Inc.		7,211		833,952
Seaboard Corp.		76		303,620
Seneca Foods Corp. Class Aa		2,769		85,977
Seneca Foods Corp. Class Ba		117		4,212
Snyder’s-Lance Inc.		30,578		1,058,610

55

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Tootsie Roll Industries Inc.b		7,064	$	246,180
TreeHouse Foods Inc.a,b		21,005		1,715,898
Tyson Foods Inc. Class A		112,164		7,024,831
				137,367,412
GAS UTILITIES — 0.18%
Atmos Energy Corp.		38,314		3,178,146
Chesapeake Utilities Corp.		6,368		477,282
Delta Natural Gas Co. Inc.		3,169		96,559
Gas Natural Inc.		3,643		46,995
National Fuel Gas Co.		35,499		1,982,264
New Jersey Resources Corp.		31,773		1,261,388
Northwest Natural Gas Co.		10,341		618,909
ONE Gas Inc.		20,203		1,410,371
RGC Resources Inc.b		1,246		35,299
South Jersey Industries Inc.		28,747		982,285
Southwest Gas Holdings Inc.		17,595		1,285,491
Spire Inc.		17,925		1,250,269
UGI Corp.		65,382		3,165,143
WGL Holdings Inc.		18,210		1,519,260
				17,309,661
HEALTH CARE EQUIPMENT & SUPPLIES — 2.85%
Abaxis Inc.		7,594		402,634
Abbott Laboratories		664,598		32,306,109
ABIOMED Inc.a		16,841		2,413,315
Accuray Inc.a,b		30,522		144,980
Aethlon Medical Inc.a		2,890		6,185
Akers Biosciences Inc.a,b		680		884
Alere Inc.a,b		30,207		1,516,089
Align Technology Inc.a		30,626		4,597,575
Alliqua BioMedical Inc.a,b		9,692		3,586
Alphatec Holdings Inc.a,b		2,689		5,055
Amedica Corp.a		3,733		1,414
Analogic Corp.		4,173		303,168
AngioDynamics Inc.a		10,273		166,525
Anika Therapeutics Inc.a,b		6,141		302,997
Antares Pharma Inc.a,b		55,153		177,593
Apollo Endosurgery Inc.a,b		72		577
Atossa Genetics Inc.a,b		639		329
AtriCure Inc.a		10,308		249,969
Atrion Corp.		276		177,551
Avinger Inc.a,b		2,657		1,191
AxoGen Inc.a,b		9,634		161,370
Baxter International Inc.		184,645		11,178,408

Security	Shares		Value
Becton Dickinson and Co.		86,684	$	16,912,915
Biolase Inc.a		17,673		17,143
BioLife Solutions Inc.a		3,558		8,504
Boston Scientific Corp.a		523,889		14,522,203
Bovie Medical Corp.a,b		10,264		25,352
Cantel Medical Corp.		13,676		1,065,497
Cardiovascular Systems Inc.a		10,729		345,796
CAS Medical Systems Inc.a		10,157		11,681
Cerus Corp.a,b		38,859		97,536
Cesca Therapeutics Inc.a		272		857
Chembio Diagnostics Inc.a,b		3,365		20,358
CHF Solutions Inc.a,b		190		196
Cogentix Medical Inc.a		10,346		18,002
ConforMIS Inc.a		3,529		15,139
CONMED Corp.		10,092		514,087
Cooper Companies Inc. (The)		19,763		4,731,657
Corindus Vascular Robotics Inc.a,b		31,596		58,769
CR Bard Inc.		27,730		8,765,730
CryoLife Inc.a		9,783		195,171
Cryoport Inc.a		2,880		14,170
Cutera Inc.a		4,387		113,623
CytoSorbents Corp.a,b		6,744		28,999
Danaher Corp.		233,378		19,694,769
Daxor Corp.		131		820
Delcath Systems Inc.a		264		52
DENTSPLY SIRONA Inc.		90,747		5,884,036
DexCom Inc.a,b		31,285		2,288,498
Dextera Surgical Inc.a,b		6,098		1,829
Edwards Lifesciences Corp.a		80,391		9,505,432
Electromed Inc.a		2,636		14,577
Endologix Inc.a,b		27,276		132,561
Entellus Medical Inc.a		2,822		46,732
EnteroMedics Inc.a,b		27		135
Exactech Inc.a		3,657		108,979
Fonar Corp.a,b		2,811		78,005
GenMark Diagnostics Inc.a,b		16,630		196,733
Glaukos Corp.a,b		2,819		116,904
Globus Medical Inc. Class Aa,b		27,527		912,520
Haemonetics Corp.a		18,180		717,928
Halyard Health Inc.a		17,596		691,171
Hill-Rom Holdings Inc.		24,967		1,987,623
Hologic Inc.a		107,787		4,891,374

56

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
ICU Medical Inc.a		6,178	$	1,065,705
IDEXX Laboratories Inc.a		33,982		5,485,374
Inogen Inc.a		7,112		678,627
InspireMD Inc.a		56		38
Insulet Corp.a,b		21,293		1,092,544
Integer Holdings Corp.a		10,169		439,809
Integra LifeSciences Holdings Corp.a,b		20,584		1,122,034
Intuitive Surgical Inc.a		13,966		13,063,377
Invacare Corp.		10,673		140,884
InVivo Therapeutics Holdings Corp.a,b		10,251		27,678
Invuity Inc.a,b		832		6,032
iRadimed Corp.a,b		2,582		22,205
IRIDEX Corp.a		3,277		32,410
K2M Group Holdings Inc.a		9,684		235,902
Kewaunee Scientific Corp.		262		6,537
Lantheus Holdings Inc.a,b		4,392		77,519
LeMaitre Vascular Inc.		4,221		131,780
LivaNova PLCa,b		16,794		1,027,961
Masimo Corp.a		16,915		1,542,310
Medovex Corp.a,b		6,163		5,423
Medtronic PLC		521,989		46,326,524
Meridian Bioscience Inc.		14,784		232,848
Merit Medical Systems Inc.a		16,753		639,127
MGC Diagnostics Corp.		794		6,733
Microbot Medical Inc.a,b		263		373
Milestone Scientific Inc.a		4,187		6,281
Misonix Inc.a,b		2,773		26,759
Natus Medical Inc.a		13,030		486,019
Neogen Corp.a		18,151		1,254,416
NeuroMetrix Inc.a		108		292
Nevro Corp.a,b		9,896		736,559
NuVasive Inc.a		17,410		1,339,177
Nuvectra Corp.a		3,301		43,837
NxStage Medical Inc.a		21,686		543,668
OraSure Technologies Inc.a		20,943		361,476
Orthofix International NVa		6,973		324,105
Penumbra Inc.a,b		10,437		915,847
PhotoMedex Inc.a,b		547		640
Presbia PLCa		1,019		2,323
Pro-Dex Inc.a		613		3,770
Quidel Corp.a,b		10,576		287,033

Security	Shares		Value
ResMed Inc.		56,063	$	4,365,626
Retractable Technologies Inc.a		4,240		5,427
Rockwell Medical Inc.a,b		23,840		189,051
Roka Bioscience Inc.a		126		335
RTI Surgical Inc.a		21,637		126,576
SeaSpine Holdings Corp.a		3,436		39,583
Second Sight Medical Products Inc.a,b		6,316		7,958
Senseonics Holdings Inc.a,b		6,073		10,931
Sientra Inc.a,b		3,580		34,798
Skyline Medical Inc.a,b		57		84
Soleno Therapeutics Inc.a		2,596		1,324
Spectranetics Corp. (The)a		16,541		635,174
STAAR Surgical Co.a		10,541		113,843
STERIS PLC		35,012		2,853,478
Strata Skin Sciences Inc.a,b		1,191		2,894
Stryker Corp.		118,773		16,483,317
Surmodics Inc.a		4,275		120,341
Tandem Diabetes Care Inc.a		7,189		5,751
TearLab Corp.a,b		1,007		1,692
Teleflex Inc.		16,913		3,513,845
TransEnterix Inc.a,b		23,551		16,721
Utah Medical Products Inc.		754		54,590
Varex Imaging Corp.a		14,723		497,637
Varian Medical Systems Inc.a,b		37,307		3,849,709
Vermillion Inc.a		9,750		17,940
ViewRay Inc.a,b		4,239		27,426
VolitionRx Ltd.a		4,179		14,794
West Pharmaceutical Services Inc.		27,604		2,609,130
Wright Medical Group NVa,b		38,595		1,060,977
Xtant Medical Holdings Inc.a,b		1,455		976
Zimmer Biomet Holdings Inc.		76,193		9,783,181
Zosano Pharma Corp.a,b		3,403		4,798
				275,063,430
HEALTH CARE PROVIDERS & SERVICES — 2.61%
AAC Holdings Inc.a,b		3,321		23,015
Acadia Healthcare Co. Inc.a,b		34,005		1,679,167
Aceto Corp.		10,636		164,326
Adcare Health Systems Inc.a		6,869		6,594
Addus HomeCare Corp.a		2,843		105,760
Aetna Inc.		126,053		19,138,627
Alliance HealthCare Services Inc.a		3,724		49,529

57

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Almost Family Inc.a		3,331	$	205,356
Amedisys Inc.a		10,464		657,244
American Renal Associates Holdings Inc.a,b		3,311		61,419
American Shared Hospital Servicesa		709		2,801
AmerisourceBergen Corp.		63,163		5,970,798
AMN Healthcare Services Inc.a		17,753		693,255
Anthem Inc.		101,119		19,023,517
BioScrip Inc.a,b		21,814		59,225
BioTelemetry Inc.a		10,396		347,746
Brookdale Senior Living Inc.a		59,835		880,173
Capital Senior Living Corp.a,b		10,420		158,488
Cardinal Health Inc.		121,867		9,495,877
Centene Corp.a		63,352		5,060,558
Chemed Corp.		6,626		1,355,216
Cigna Corp.		97,813		16,372,918
Civitas Solutions Inc.a,b		6,858		120,015
Community Health Systems Inc.a		41,738		415,710
CorVel Corp.a		3,610		171,295
Cross Country Healthcare Inc.a		13,024		168,140
DaVita Inc.a		58,465		3,786,193
Digirad Corp.		7,237		29,310
Diplomat Pharmacy Inc.a		13,698		202,730
Diversicare Healthcare Services Inc.		2,602		24,407
Ensign Group Inc. (The)		17,563		382,347
Envision Healthcare Corp.a		45,551		2,854,681
Express Scripts Holding Co.a		226,222		14,442,012
Five Star Senior Living Inc.a		2,456		3,684
Genesis Healthcare Inc.a		9,784		17,024
HCA Healthcare Inc.a		109,221		9,524,071
HealthEquity Inc.a		17,743		884,134
HealthSouth Corp.		34,608		1,675,027
Henry Schein Inc.a,b		30,168		5,521,347
Humana Inc.		55,028		13,240,837
InfuSystems Holdings Inc.a		6,838		12,308
Interpace Diagnostics Group Inc.a,b		271		244
Joint Corp. (The)a,b		3,253		12,361
Kindred Healthcare Inc.		41,741		486,283
Laboratory Corp. of America Holdingsa		38,699		5,965,064

Security	Shares		Value
Landauer Inc.		3,528	$	184,514
LHC Group Inc.a		4,241		287,922
LifePoint Health Inc.a		16,816		1,129,194
Magellan Health Inc.a		9,844		717,628
McKesson Corp.		80,589		13,260,114
MEDNAX Inc.a		34,827		2,102,506
Molina Healthcare Inc.a,b		16,515		1,142,508
National Healthcare Corp.		3,884		272,424
National Research Corp. Class A		3,436		92,428
National Research Corp. Class B		194		9,237
Owens & Minor Inc.		28,637		921,825
Patterson Companies Inc.		35,582		1,670,575
PharMerica Corp.a		11,198		293,948
Premier Inc.a,b		17,355		624,780
Providence Service Corp. (The)a		4,197		212,410
Psychemedics Corp.		2,660		66,367
Quest Diagnostics Inc.		52,893		5,879,586
Quorum Health Corp.a		10,810		44,862
RadNet Inc.a		11,317		87,707
Select Medical Holdings Corp.a		38,520		591,282
Sharps Compliance Corp.a		4,097		17,330
Surgery Partners Inc.a		6,143		139,753
Teladoc Inc.a,b		18,399		638,445
Tenet Healthcare Corp.a,b		29,209		564,902
Tivity Health Inc.a		11,227		447,396
Triple-S Management Corp. Class Ba		9,584		162,065
U.S. Physical Therapy Inc.		4,173		252,049
UnitedHealth Group Inc.		367,099		68,067,497
Universal Health Services Inc. Class B		35,525		4,336,892
VCA Inc.a		30,646		2,828,932
WellCare Health Plans Inc.a		17,001		3,052,700
				251,550,611
HEALTH CARE TECHNOLOGY — 0.19%
Allscripts Healthcare Solutions Inc.a		69,775		890,329
athenahealth Inc.a,b		17,163		2,412,260
Castlight Health Inc.a		14,792		61,387
Cerner Corp.a		111,722		7,426,161
Computer Programs & Systems Inc.b		3,642		119,458

58

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Connecture Inc.a,b		3,189	$	1,970
Cotiviti Holdings Inc.a,b		14,879		552,606
Evolent Health Inc.a,b		23,481		595,243
HealthStream Inc.a		9,649		253,962
HMS Holdings Corp.a		31,547		583,619
HTG Molecular Diagnostics Inc.a		2,653		7,057
Icad Inc.a		4,327		18,130
Inovalon Holdings Inc. Class Aa,b		24,794		326,041
Medidata Solutions Inc.a,b		21,105		1,650,411
Micron Solutions Inc.a		620		2,418
Omnicell Inc.a,b		13,649		588,272
Quality Systems Inc.a		16,787		288,904
Simulations Plus Inc.		3,625		44,769
Streamline Health Solutions Inc.a		7,869		8,420
Veeva Systems Inc. Class Aa		40,774		2,499,854
Vocera Communications Inc.a		9,630		254,425
				18,585,696
HOTELS, RESTAURANTS & LEISURE — 2.11%
Aramark		90,720		3,717,706
Ark Restaurants Corp.		295		7,186
Bagger Daves Burger Tavern Inc.a		3,276		786
Belmond Ltd. Class Aa		32,126		427,276
Biglari Holdings Inc.a,b		199		79,548
BJ’s Restaurants Inc.a		9,700		361,325
Bloomin’ Brands Inc.		44,423		943,100
Bob Evans Farms Inc./DE		7,251		520,839
Bojangles’ Inc.a,b		3,278		53,268
Bowl America Inc.		686		9,940
Boyd Gaming Corp.		31,031		769,879
Bravo Brio Restaurant Group Inc.a		6,138		28,235
Brinker International Inc.		20,988		799,643
Buffalo Wild Wings Inc.a		4,445		563,181
Caesars Entertainment Corp.a,b		16,509		198,108
Canterbury Park Holding Corp.		598		6,578
Carnival Corp.		159,287		10,444,449
Carrols Restaurant Group Inc.a		13,156		161,161
Century Casinos Inc.a		7,606		56,056
Chanticleer Holdings Inc.a,b		1,017		3,234

Security	Shares		Value
Cheesecake Factory Inc. (The)		17,177	$	864,003
Chipotle Mexican Grill Inc.a		10,688		4,447,277
Choice Hotels International Inc.		13,626		875,470
Churchill Downs Inc.		4,069		745,848
Chuy’s Holdings Inc.a		6,681		156,335
ClubCorp Holdings Inc.		24,246		317,623
Cracker Barrel Old Country Store Inc.b		10,455		1,748,599
Darden Restaurants Inc.		45,561		4,120,537
Dave & Buster’s Entertainment Inc.a		14,129		939,720
Del Frisco’s Restaurant Group Inc.a		9,572		154,109
Del Taco Restaurants Inc.a,b		10,197		140,209
Denny’s Corp.a		30,566		359,762
DineEquity Inc.		6,691		294,739
Diversified Restaurant Holdings Inc.a		4,325		11,245
Domino’s Pizza Inc.		18,153		3,839,904
Dover Downs Gaming & Entertainment Inc.a		6,676		7,410
Dover Motorsports Inc.		6,716		14,104
Drive Shack Inc.		22,766		71,713
Dunkin’ Brands Group Inc.		34,635		1,909,081
El Pollo Loco Holdings Inc.a		7,282		100,856
Eldorado Resorts Inc.a		15,995		319,900
Empire Resorts Inc.a,b		635		15,177
Extended Stay America Inc.		37,922		734,170
Famous Dave’s of America Inc.a		2,837		10,355
Fiesta Restaurant Group Inc.a,b		13,457		277,887
Flanigan’s Enterprises Inc.		198		5,742
Fogo De Chao Inc.a,b		2,617		36,376
Full House Resorts Inc.a		4,630		11,297
Gaming Partners International Corp.		825		9,892
Golden Entertainment Inc.a		3,413		70,683
Good Times Restaurants Inc.a		4,102		14,562
Habit Restaurants Inc. (The)a,b		4,097		64,733
Hilton Grand Vacations Inc.a		21,548		777,021
Hilton Worldwide Holdings Inc.		76,530		4,733,380
Hyatt Hotels Corp. Class Aa		16,288		915,548
ILG Inc.		41,907		1,152,023
International Speedway Corp. Class A		6,394		240,095

59

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Intrawest Resorts Holdings Inc.a		6,105	$	144,933
J Alexander’s Holdings Inc.a		6,208		76,048
Jack in the Box Inc.		13,039		1,284,341
Jamba Inc.a,b		6,689		52,107
Kona Grill Inc.a,b		3,627		13,420
La Quinta Holdings Inc.a		31,605		466,806
Las Vegas Sands Corp.		143,154		9,146,109
Lindblad Expeditions Holdings Inc.a		6,891		72,356
Luby’s Inc.a		7,578		21,294
Marcus Corp. (The)		6,994		211,219
Marriott International Inc./MD Class A		121,563		12,193,985
Marriott Vacations Worldwide Corp.		9,844		1,159,131
McDonald’s Corp.		309,427		47,391,839
MGM Resorts International		185,317		5,798,569
Monarch Casino & Resort Inc.a		3,677		111,229
Nathan’s Famous Inc.a		709		44,667
Nevada Gold & Casinos Inc.a		6,099		13,662
Noodles & Co.a,b		7,268		28,345
Norwegian Cruise Line Holdings Ltd.a		61,852		3,357,945
ONE Group Hospitality Inc. (The)a,b		6,263		13,591
Panera Bread Co. Class Aa		7,820		2,460,485
Papa John’s International Inc.b		10,533		755,848
Papa Murphy’s Holdings Inc.a,b		14,468		63,225
Peak Resorts Inc.		4,113		16,863
Penn National Gaming Inc.a		23,225		497,015
Pinnacle Entertainment Inc.a		23,771		469,715
Planet Fitness Inc. Class A		37,905		884,703
Potbelly Corp.a,b		9,657		111,056
Rave Restaurant Group Inc.a,b		3,228		6,521
RCI Hospitality Holdings Inc.		3,611		86,086
Red Lion Hotels Corp.a,b		7,193		52,869
Red Robin Gourmet Burgers Inc.a		4,371		285,208
Red Rock Resorts Inc. Class A		10,458		246,286
Royal Caribbean Cruises Ltd.		63,414		6,926,711
Ruby Tuesday Inc.a		23,700		47,637
Ruth’s Hospitality Group Inc.		13,298		289,231
Scientific Games Corp. Class Aa		16,719		436,366

Security	Shares		Value
SeaWorld Entertainment Inc.		24,573	$	399,803
Shake Shack Inc. Class Aa,b		4,348		151,658
Six Flags Entertainment Corp.		31,936		1,903,705
Sonic Corp.		18,057		478,330
Speedway Motorsports Inc.		3,783		69,115
Starbucks Corp.		553,780		32,290,912
Texas Roadhouse Inc.		24,013		1,223,462
Town Sports International Holdings Inc.a		10,327		48,537
Vail Resorts Inc.		14,540		2,949,148
Wendy’s Co. (The)		80,432		1,247,500
Wingstop Inc.b		6,890		212,901
Wyndham Worldwide Corp.		41,925		4,209,689
Wynn Resorts Ltd.		30,974		4,154,233
Yum! Brands Inc.		126,379		9,321,715
Zoe’s Kitchen Inc.a,b		7,043		83,882
				203,640,894
HOUSEHOLD DURABLES — 0.59%
AV Homes Inc.a,b		3,726		74,706
Bassett Furniture Industries Inc.		7,783		295,365
Beazer Homes USA Inc.a		10,193		139,848
CalAtlantic Group Inc.		28,025		990,684
Cavco Industries Inc.a		3,327		431,346
Century Communities Inc.a		6,085		150,908
Comstock Holding Companies Inc.a,b		285		576
CSS Industries Inc.		3,397		88,866
CTI Industries Corp.a		230		1,339
Dixie Group Inc. (The)a		6,158		27,711
DR Horton Inc.		129,992		4,493,823
Emerson Radio Corp.a		7,052		9,873
Ethan Allen Interiors Inc.		10,191		329,169
Flexsteel Industries Inc.		13		703
Garmin Ltd.		42,187		2,152,803
GoPro Inc. Class Aa,b		37,732		306,761
Green Brick Partners Inc.a,b		10,274		117,637
Helen of Troy Ltd.a		10,432		981,651
Hooker Furniture Corp.		4,189		172,377
Hovnanian Enterprises Inc. Class Aa,b		46,141		129,195
Installed Building Products Inc.a		6,678		353,600
iRobot Corp.a,b		10,570		889,360
KB Homeb		31,661		758,914

60

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
La-Z-Boy Inc.		18,127	$	589,127
Leggett & Platt Inc.		49,634		2,607,274
Lennar Corp. Class A		82,217		4,383,810
Lennar Corp. Class B		3,585		161,217
LGI Homes Inc.a,b		6,393		256,871
Libbey Inc.		7,638		61,562
Lifetime Brands Inc.		3,783		68,661
Live Ventures Inc.a		631		6,676
M/I Homes Inc.a		9,690		276,650
MDC Holdings Inc.		16,295		575,702
Meritage Homes Corp.a		13,838		583,964
Mohawk Industries Inc.a		24,138		5,833,913
NACCO Industries Inc. Class A		14		992
New Home Co. Inc. (The)a		4,331		49,677
Newell Brands Inc.		184,793		9,908,601
Nova Lifestyle Inc.a,b		7,060		10,661
NVR Inc.a		1,236		2,979,514
P&F Industries Inc. Class A		689		4,210
PICO Holdings Inc.a		9,578		167,615
PulteGroup Inc.		118,557		2,908,203
Skyline Corp.a		3,591		21,618
Stanley Furniture Co. Inc.		6,714		7,587
Taylor Morrison Home Corp. Class Aa		34,728		833,819
Tempur Sealy International Inc.a,b		20,118		1,074,100
Toll Brothers Inc.		58,307		2,303,710
TopBuild Corp.a		14,561		772,752
TRI Pointe Group Inc.a		55,763		735,514
Tupperware Brands Corp.		18,316		1,286,333
Turtle Beach Corp.a		6,790		4,753
UCP Inc. Class Aa		3,292		36,047
Universal Electronics Inc.a,b		3,320		221,942
Vuzix Corp.a,b		4,343		28,447
Whirlpool Corp.		28,176		5,399,085
William Lyon Homes Class Aa		6,989		168,714
ZAGG Inc.a		10,591		91,612
				57,318,148
HOUSEHOLD PRODUCTS — 1.48%
Central Garden & Pet Co.a,b		3,632		115,461
Central Garden & Pet Co. Class Aa		16,692		501,094
Church & Dwight Co. Inc.		98,348		5,102,294

Security	Shares		Value
Clorox Co. (The)		48,650	$	6,482,126
Colgate-Palmolive Co.		334,568		24,801,526
Energizer Holdings Inc.		23,832		1,144,413
HRG Group Inc.a		57,844		1,024,417
Kimberly-Clark Corp.		133,782		17,272,594
Ocean Bio-Chem Inc.		728		2,999
Oil-Dri Corp. of America		2,625		110,276
Orchids Paper Products Co.b		3,466		44,885
Procter & Gamble Co. (The)		971,106		84,631,888
Spectrum Brands Holdings Inc.		9,613		1,202,010
WD-40 Co.		5,997		661,769
				143,097,752
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.12%
AES Corp./VA		247,380		2,748,392
Calpine Corp.a,b		131,065		1,773,309
Dynegy Inc.a,b		77,277		639,081
NRG Energy Inc.		121,132		2,085,893
NRG Yield Inc. Class A		13,296		226,830
NRG Yield Inc. Class C		23,677		416,715
Ormat Technologies Inc.		13,516		793,119
Pattern Energy Group Inc.		23,811		567,654
TerraForm Global Inc. Class Aa		18,077		91,289
TerraForm Power Inc.a		28,063		336,756
U.S. Geothermal Inc.a		7,307		33,539
Vistra Energy Corp.		113,673		1,908,570
				11,621,147
INDUSTRIAL CONGLOMERATES — 1.94%
3M Co.		227,457		47,354,273
Carlisle Companies Inc.		24,267		2,315,072
General Electric Co.		3,315,793		89,559,569
Honeywell International Inc.		290,151		38,674,227
Raven Industries Inc.		13,892		462,603
Roper Technologies Inc.		38,147		8,832,175
				187,197,919
INSURANCE — 2.99%
1347 Property Insurance Holdings Inc.a		2,702		21,616
Aflac Inc.		151,840		11,794,931
Alleghany Corp.a		3,384		2,012,803
Allied World Assurance Co. Holdings AG		34,758		1,838,698
Allstate Corp. (The)		141,448		12,509,661

61

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
American Equity Investment Life Holding Co.		11,264	$	296,018
American Financial Group Inc./OH		31,643		3,144,365
American International Group Inc.		334,435		20,908,876
American National Insurance Co.		3,476		404,919
AMERISAFE Inc.		6,027		343,238
AmTrust Financial Services Inc.		51,919		786,054
Aon PLC		100,196		13,321,058
Arch Capital Group Ltd.a		49,899		4,655,078
Argo Group International Holdings Ltd.		13,204		800,162
Arthur J Gallagher & Co.		66,265		3,793,671
Aspen Insurance Holdings Ltd.		21,124		1,053,031
Assurant Inc.		24,009		2,489,493
Assured Guaranty Ltd.		52,097		2,174,529
Athene Holding Ltd. Class Aa		21,345		1,058,925
Atlantic American Corp.		749		2,771
Atlas Financial Holdings Inc.a		3,656		54,474
Axis Capital Holdings Ltd.		35,691		2,307,780
Baldwin & Lyons Inc. Class A		175		4,156
Baldwin & Lyons Inc. Class B		3,347		82,001
Blue Capital Reinsurance Holdings Ltd.		2,749		50,307
Brown & Brown Inc.		42,628		1,835,988
Chubb Ltd.		178,092		25,891,015
Cincinnati Financial Corp.		55,811		4,043,507
Citizens Inc./TXa,b		17,340		127,969
CNA Financial Corp.		10,309		502,564
CNO Financial Group Inc.		41,242		861,133
Conifer Holdings Inc.a		833		5,956
Crawford & Co. Class A		6,815		53,021
Crawford & Co. Class B		4,170		38,781
Donegal Group Inc. Class A		3,213		51,087
eHealth Inc.a		6,750		126,900
EMC Insurance Group Inc.		3,302		91,730
Employers Holdings Inc.		16,976		718,085
Enstar Group Ltd.a		4,127		819,829
Erie Indemnity Co. Class A		9,568		1,196,670
Everest Re Group Ltd.		15,849		4,034,997
FBL Financial Group Inc. Class A		5,558		341,817

Security	Shares		Value
Federated National Holding Co.		4,269	$	68,304
Fidelity & Guaranty Life		17,493		543,158
First Acceptance Corp.a		7,018		8,000
First American Financial Corp.		38,480		1,719,671
FNF Group		114,834		5,148,008
Genworth Financial Inc. Class Aa		90,080		339,602
Global Indemnity Ltd.a		3,396		131,663
Greenlight Capital Re Ltd. Class Aa,b		11,113		232,262
Hallmark Financial Services Inc.a		6,120		68,972
Hanover Insurance Group Inc. (The)		17,009		1,507,508
Hartford Financial Services Group Inc. (The)		141,582		7,442,966
HCI Group Inc.		2,423		113,833
Health Insurance Innovations Inc.a		3,323		78,090
Heritage Insurance Holdings Inc.		9,799		127,583
Horace Mann Educators Corp.		14,651		553,808
Independence Holding Co.		3,214		65,726
Infinity Property & Casualty Corp.		3,522		331,068
Investors Title Co.		321		62,094
James River Group Holdings Ltd.		6,272		249,187
Kemper Corp.		18,031		695,997
Kingstone Companies Inc.		2,707		41,417
Lincoln National Corp.		87,744		5,929,739
Loews Corp.		109,053		5,104,771
Maiden Holdings Ltd.		14,308		158,819
Markel Corp.a		5,823		5,682,433
Marsh & McLennan Companies Inc.		195,323		15,227,381
MBIA Inc.a,b		49,557		467,322
Mercury General Corp.		13,806		745,524
MetLife Inc.		411,321		22,597,976
National General Holdings Corp.		21,505		453,755
National Security Group Inc. (The)		249		3,523
National Western Life Group Inc.		423		135,199

62

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Navigators Group Inc. (The)		12,588	$	691,081
Old Republic International Corp.		94,388		1,843,398
OneBeacon Insurance Group Ltd. Class A		9,558		174,242
Patriot National Inc.a,b		3,565		7,558
Primerica Inc.		10,229		774,847
Principal Financial Group Inc.		101,459		6,500,478
ProAssurance Corp.		15,500		942,400
Progressive Corp. (The)		222,386		9,804,999
Prudential Financial Inc.		163,501		17,680,998
Reinsurance Group of America Inc.		25,677		3,296,670
RenaissanceRe Holdings Ltd.		7,067		982,666
RLI Corp.		14,837		810,397
Safety Insurance Group Inc.		2,690		183,727
Selective Insurance Group Inc.		21,612		1,081,681
State Auto Financial Corp.		6,201		159,552
State National Companies Inc.		11,210		206,040
Stewart Information Services Corp.		6,309		286,302
Third Point Reinsurance Ltd.a		23,563		327,526
Torchmark Corp.		42,060		3,217,590
Travelers Companies Inc. (The)		107,152		13,557,943
Trupanion Inc.a,b		6,069		135,824
Unico American Corp.a		619		5,788
United Fire Group Inc.		5,340		235,280
United Insurance Holdings Corp.		4,755		74,796
Universal Insurance Holdings Inc.		10,898		274,630
Unum Group		90,431		4,216,797
Validus Holdings Ltd.		31,881		1,656,856
White Mountains Insurance Group Ltd.		2,047		1,778,086
Willis Towers Watson PLC		49,510		7,201,725
WMIH Corp.a,b		38,091		47,614
WR Berkley Corp.		37,801		2,614,695
XL Group Ltd.		106,994		4,686,337
				288,143,546
INTERNET & DIRECT MARKETING RETAIL — 2.34%
1-800-Flowers.com Inc. Class Aa		6,296		61,386
Amazon.com Inc.a		151,197		146,358,696

Security	Shares		Value
CafePress Inc.a		3,229	$	8,363
Duluth Holdings Inc.a,b		3,079		56,069
Etsy Inc.a,b		27,023		405,345
EVINE Live Inc.a		17,149		17,149
Expedia Inc.		45,633		6,797,035
FTD Companies Inc.a		6,928		138,560
Gaia Inc.a		6,830		76,496
Groupon Inc.a,b		159,452		612,296
HSN Inc.		11,236		358,428
JRjr33 Inc.a		4,247		2,485
Lands’ End Inc.a,b		6,715		100,054
Liberty Expedia Holdings Inc. Class Aa		21,951		1,185,793
Liberty Interactive Corp. QVC Group Series Aa		150,284		3,687,969
Liberty TripAdvisor Holdings Inc. Class Aa		26,971		312,864
Liberty Ventures Series Aa		35,206		1,840,922
Netflix Inc.a		164,617		24,595,426
NutriSystem Inc.		10,579		550,637
Overstock.com Inc.a,b		6,291		102,543
PetMed Express Inc.		11,594		470,716
Priceline Group Inc. (The)a		18,750		35,072,250
Shutterfly Inc.a,b		13,529		642,627
TripAdvisor Inc.a,b		42,432		1,620,902
U.S. Auto Parts Network Inc.a		6,672		21,551
Wayfair Inc. Class Aa		10,208		784,791
				225,881,353
INTERNET SOFTWARE & SERVICES — 4.15%
2U Inc.a,b		13,360		626,851
Actua Corp.a		13,886		195,098
Akamai Technologies Inc.a		66,082		3,291,544
Alarm.com Holdings Inc.a,b		3,197		120,303
Alphabet Inc. Class Aa		113,525		105,541,922
Alphabet Inc. Class Ca		113,968		103,566,141
Amber Road Inc.a,b		4,219		36,157
Angie’s List Inc.a,b		16,800		214,872
Appfolio Inc.a		3,620		118,012
ARI Network Services Inc.a		4,265		30,068
Autobytel Inc.a		1,902		23,984
Bankrate Inc.a,b		21,052		270,518
Bazaarvoice Inc.a,b		24,385		120,706
Benefitfocus Inc.a,b		4,245		154,306

63

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Blucora Inc.a		14,732	$	312,318
Box Inc. Class Aa,b		17,515		319,474
Brightcove Inc.a,b		13,136		81,443
BroadVision Inc.a		885		3,894
Carbonite Inc.a,b		7,018		152,992
Care.com Inc.a,b		4,347		65,640
Cars.com Inc.a		27,493		732,139
ChannelAdvisor Corp.a		9,573		110,568
Cornerstone OnDemand Inc.a		17,980		642,785
CoStar Group Inc.a,b		13,242		3,490,591
Coupa Software Inc.a		7,303		211,641
Covisint Corp.a		14,681		35,968
Determine Inc.a		3,289		8,749
DHI Group Inc.a		14,821		42,240
eBay Inc.a		384,422		13,424,016
eGain Corp.a,b		6,939		11,796
Endurance International Group Holdings Inc.a,b		23,769		198,471
Envestnet Inc.a,b		14,130		559,548
Facebook Inc. Class Aa		901,731		136,143,346
Five9 Inc.a		10,256		220,709
Glowpoint Inc.a		6,249		1,812
GoDaddy Inc. Class Aa,b		16,606		704,427
Gogo Inc.a,b		17,576		202,651
GrubHub Inc.a,b		34,080		1,485,888
GTT Communications Inc.a		10,323		326,723
Hortonworks Inc.a,b		14,033		180,745
IAC/InterActiveCorpa		28,558		2,948,328
Instructure Inc.a,b		2,846		83,957
Internap Corp.a,b		20,913		76,751
Inuvo Inc.a		7,877		8,035
iPass Inc.a		20,724		27,356
Issuer Direct Corp.		318		4,118
IZEA Inc.a		3,062		5,848
j2 Global Inc.		20,373		1,733,539
Leaf Group Ltd.a,b		4,348		33,914
Limelight Networks Inc.a,b		24,371		70,432
Liquidity Services Inc.a		10,033		63,710
LivePerson Inc.a		17,715		194,865
LogMeIn Inc.		20,228		2,113,826
Marchex Inc. Class Ba		10,524		31,362
Marin Software Inc.a		10,164		13,213
Match Group Inc.a,b		14,519		252,340

Security	Shares		Value
MaxPoint Interactive Inc.a		517	$	3,821
Meet Group Inc. (The)a,b		14,776		74,619
MINDBODY Inc. Class Aa		6,800		184,960
Net Element Inc.a,b		518		338
New Relic Inc.a		18,237		784,373
NIC Inc.		21,802		413,148
Numerex Corp. Class Aa,b		4,389		21,638
Nutanix Inc. Class Aa,b		7,102		143,105
Onvia Inc.a,b		3,231		14,055
Pandora Media Inc.a,b		94,381		841,879
Q2 Holdings Inc.a		7,843		289,799
QuinStreet Inc.a		13,668		56,996
Qumu Corp.a		4,106		11,990
Quotient Technology Inc.a,b		23,602		271,423
Reis Inc.		3,474		73,822
Remark Holdings Inc.a,b		6,197		17,352
Rightside Group Ltd.a,b		3,781		40,154
Rocket Fuel Inc.a,b		10,710		29,453
Sajan Inc.a		2,714		15,795
SharpSpring Inc.a		2,783		12,607
Shutterstock Inc.a		7,076		311,910
Spark Networks Inc.a		10,208		9,800
SPS Commerce Inc.a		6,670		425,279
Stamps.com Inc.a,b		6,820		1,056,247
Support.com Inc.a		5,669		13,265
Synacor Inc.a,b		10,234		37,354
TechTarget Inc.a,b		6,813		70,651
Trade Desk Inc. (The) Class Aa		3,413		171,025
Travelzooa		3,187		34,898
Tremor Video Inc.a		13,089		32,592
TrueCar Inc.a,b		21,686		432,202
Twilio Inc. Class Aa,b		9,669		281,465
Twitter Inc.a,b		245,030		4,378,686
VeriSign Inc.a,b		35,426		3,293,201
Web.com Group Inc.a,b		18,221		460,991
WebMD Health Corp.a		14,155		830,191
Xactly Corp.a		3,196		50,017
XO Group Inc.a		9,552		168,306
Yelp Inc.a,b		21,253		638,015
YuMe Inc.		6,921		32,529
Zillow Group Inc. Class Aa,b		17,131		836,678
Zillow Group Inc. Class Ca,b		38,678		1,895,609
				400,404,888

64

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
IT SERVICES — 3.65%
Accenture PLC Class A		237,599	$	29,386,244
Acxiom Corp.a		28,500		740,430
ALJ Regional Holdings Inc.a,b		4,370		13,984
Alliance Data Systems Corp.		21,119		5,421,036
Automatic Data Processing Inc.		170,916		17,512,053
Black Knight Financial Services Inc. Class Aa,b		6,836		279,934
Blackhawk Network Holdings Inc.a,b		20,956		913,682
Booz Allen Hamilton Holding Corp.		53,223		1,731,876
Broadridge Financial Solutions Inc.		44,734		3,380,101
CACI International Inc. Class Aa		9,738		1,217,737
Cardtronics PLC Class Aa		16,966		557,503
Cartesian Inc.a		2,687		2,015
Cass Information Systems Inc.		3,463		227,311
Cognizant Technology Solutions Corp. Class A		227,115		15,080,436
Computer Task Group Inc.		6,242		34,893
Conduent Inc.a		62,866		1,002,084
Convergys Corp.		35,571		845,878
CoreLogic Inc./U.S.a		34,017		1,475,657
CSG Systems International Inc.		11,337		460,055
CSP Inc.		681		7,321
CSRA Inc.		51,981		1,650,397
DST Systems Inc.		22,306		1,376,280
DXC Technology Co.		106,698		8,185,871
Edgewater Technology Inc.a		4,091		27,942
EPAM Systems Inc.a		16,597		1,395,642
Euronet Worldwide Inc.a		18,114		1,582,620
Everi Holdings Inc.a,b		24,644		179,408
EVERTEC Inc.		24,095		416,844
ExlService Holdings Inc.a		13,219		734,712
Fidelity National Information Services Inc.		126,568		10,808,907
First Data Corp. Class Aa		85,088		1,548,602
Fiserv Inc.a		81,240		9,938,902
FleetCor Technologies Inc.a		35,892		5,175,985
Forrester Research Inc.		3,576		140,000
Gartner Inc.a		34,169		4,220,213
Genpact Ltd.		49,312		1,372,353

Security	Shares		Value
Global Payments Inc.		58,532	$	5,286,610
Hackett Group Inc. (The)		9,743		151,017
Information Services Group Inc.a,b		11,212		46,081
Innodata Inc.a		10,241		17,922
Inpixona,b		609		417
International Business Machines Corp.		325,814		50,119,968
Jack Henry & Associates Inc.		28,773		2,988,652
JetPay Corp.a,b		3,332		7,330
Leidos Holdings Inc.		52,995		2,739,312
ManTech International Corp./VA Class A		9,666		399,979
MasterCard Inc. Class A		357,823		43,457,603
Mattersight Corp.a,b		6,182		15,764
MAXIMUS Inc.		24,311		1,522,598
ModusLink Global Solutions Inc.a		17,368		29,699
MoneyGram International Inc.a,b		10,663		183,937
NCI Inc. Class Aa		2,851		60,156
NeuStar Inc. Class Aa,b		4,411		147,107
Paychex Inc.		122,848		6,994,965
Payment Data Systems Inc.a,b		908		1,108
PayPal Holdings Inc.a		427,241		22,930,025
Perficient Inc.a		13,661		254,641
PFSweb Inc.a		6,113		50,493
Planet Payment Inc.a		16,730		55,209
PRGX Global Inc.a		9,741		63,317
Sabre Corp.		76,757		1,671,000
Science Applications International Corp.		17,697		1,228,526
ServiceSource International Inc.a,b		21,147		82,050
Square Inc. Class Aa,b		11,354		266,365
StarTek Inc.a,b		4,139		50,661
Sykes Enterprises Inc.a		14,105		472,941
Syntel Inc.		11,218		190,257
TeleTech Holdings Inc.		6,677		272,422
Teradata Corp.a,b		48,896		1,441,943
Total System Services Inc.		62,989		3,669,109
Travelport Worldwide Ltd.		42,501		584,814
Unisys Corp.a,b		18,100		231,680
Vantiv Inc. Class Aa		62,874		3,982,439

65

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Virtusa Corp.a		10,307	$	303,026
Visa Inc. Class Ab		702,958		65,923,401
Western Union Co. (The)		185,733		3,538,214
WEX Inc.a		14,190		1,479,591
WidePoint Corp.a,b		28,668		13,187
				351,970,444
LEISURE PRODUCTS — 0.15%
American Outdoor Brands Corp.a,b		20,397		451,998
Black Diamond Inc.a,b		9,696		64,478
Brunswick Corp./DE		34,430		2,159,794
Callaway Golf Co.		35,081		448,335
Escalade Inc.		3,485		45,653
Hasbro Inc.		41,970		4,680,075
JAKKS Pacific Inc.a		6,314		25,256
Johnson Outdoors Inc. Class A		2,787		134,361
Malibu Boats Inc. Class Aa		6,900		178,503
Marine Products Corp.		1,322		20,636
Mattel Inc.		131,908		2,839,979
MCBC Holdings Inc.a		2,816		55,053
Nautilus Inc.a		10,531		201,669
Polaris Industries Inc.b		23,264		2,145,639
Sturm Ruger & Co. Inc.b		7,112		442,011
Summer Infant Inc.a		4,177		7,435
Vista Outdoor Inc.a,b		23,626		531,821
				14,432,696
LIFE SCIENCES TOOLS & SERVICES — 0.79%
Accelerate Diagnostics Inc.a,b		11,235		307,277
Agilent Technologies Inc.		122,783		7,282,260
Albany Molecular Research Inc.a		11,635		252,480
Bio-Rad Laboratories Inc. Class Aa		7,519		1,701,625
Bio-Techne Corp.		14,468		1,699,990
Bioanalytical Systems Inc.a		2,791		4,717
Bruker Corp.		41,673		1,201,849
Cambrex Corp.a		13,499		806,565
Charles River Laboratories International Inc.a		18,420		1,863,183
ChromaDex Corp.a		6,629		25,323
CombiMatrix Corp.a,b		11,115		58,910
Enzo Biochem Inc.a		14,752		162,862
Fluidigm Corp.a		7,553		30,514

Security	Shares		Value
Harvard Bioscience Inc.a		42,634	$	108,717
Illumina Inc.a		55,599		9,647,538
INC Research Holdings Inc. Class Aa		20,211		1,182,344
Luminex Corp.		11,588		244,739
Mettler-Toledo International Inc.a		9,741		5,732,968
NanoString Technologies Inc.a		4,147		68,591
NeoGenomics Inc.a,b		21,085		188,922
Pacific Biosciences of California Inc.a,b		38,673		137,676
PAREXEL International Corp.a		20,477		1,779,656
PerkinElmer Inc.		41,075		2,798,850
PRA Health Sciences Inc.a		14,401		1,080,219
pSivida Corp.a		11,108		18,995
Quintiles IMS Holdings Inc.a		55,378		4,956,331
Thermo Fisher Scientific Inc.		149,322		26,052,209
VWR Corp.a		34,535		1,140,000
Waters Corp.a		31,749		5,836,736
				76,372,046
MACHINERY — 1.99%
Actuant Corp. Class A		21,618		531,803
AGCO Corp.		28,471		1,918,661
Alamo Group Inc.		2,739		248,729
Albany International Corp. Class A		10,529		562,249
Allison Transmission Holdings Inc.		54,316		2,037,393
Altra Industrial Motion Corp.		10,181		405,204
American Railcar Industries Inc.		3,411		130,641
ARC Group Worldwide Inc.a		3,214		9,321
Art’s-Way Manufacturing Co. Inc.a		304		927
Astec Industries Inc.		6,961		386,405
Barnes Group Inc.		18,301		1,071,158
Blue Bird Corp.a		18,490		314,330
Briggs & Stratton Corp.		16,756		403,820
Caterpillar Inc.		224,465		24,121,009
Chart Industries Inc.a		11,080		384,808
Chicago Rivet & Machine Co.		125		4,505
CIRCOR International Inc.		6,670		396,065
Colfax Corp.a		37,936		1,493,540
Columbus McKinnon Corp./NY		7,181		182,541

66

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Commercial Vehicle Group Inc.a,b		10,185	$	86,063
Crane Co.		17,983		1,427,491
Cummins Inc.		59,285		9,617,213
Deere & Co.		110,971		13,714,906
DMC Global Inc.		4,267		55,898
Donaldson Co. Inc.		49,762		2,266,161
Douglas Dynamics Inc.		8,127		267,378
Dover Corp.		58,887		4,723,915
Eastern Co. (The)		2,731		82,067
Energy Recovery Inc.a,b		6,316		52,360
EnPro Industries Inc.		7,673		547,622
ESCO Technologies Inc.		10,364		618,213
ExOne Co. (The)a,b		3,629		41,552
Federal Signal Corp.		23,625		410,130
Flowserve Corp.		48,851		2,268,152
Fortive Corp.		116,132		7,356,962
Franklin Electric Co. Inc.		14,048		581,587
FreightCar America Inc.		4,206		73,142
Gardner Denver Holdings Inc.a		21,430		463,102
Gencor Industries Inc.a,b		3,208		51,970
Global Brass & Copper Holdings Inc.		9,391		286,895
Gorman-Rupp Co. (The)		7,002		178,341
Graco Inc.		20,826		2,275,865
Graham Corp.		3,621		71,189
Greenbrier Companies Inc. (The)b		10,175		470,594
Hardinge Inc.		4,344		53,952
Harsco Corp.a		30,456		490,342
Hillenbrand Inc.		24,080		869,288
Hurco Companies Inc.		2,857		99,281
Hyster-Yale Materials Handling Inc.		3,515		246,929
IDEX Corp.		27,735		3,134,332
Illinois Tool Works Inc.		118,749		17,010,794
Ingersoll-Rand PLC		98,594		9,010,506
ITT Inc.		33,921		1,362,946
Jason Industries Inc.a		6,754		8,713
John Bean Technologies Corp.b		16,239		1,591,422
Kadant Inc.		3,867		290,798
Kennametal Inc.		30,839		1,153,995
Key Technology Inc.a		2,656		36,520

Security	Shares		Value
LB Foster Co. Class A		3,618	$	77,606
Lincoln Electric Holdings Inc.		24,003		2,210,436
Lindsay Corp.		3,742		333,973
Liqtech International Inc.a		10,509		3,494
LS Starrett Co. (The) Class A		2,809		24,157
Lydall Inc.a		7,429		384,079
Manitex International Inc.a,b		6,204		43,304
Manitowoc Co. Inc. (The)a,b		51,552		309,828
Meritor Inc.a		35,549		590,469
Middleby Corp. (The)a		21,216		2,577,956
Milacron Holdings Corp.a		25,658		451,324
Miller Industries Inc./TN		15,820		393,127
Mueller Industries Inc.		20,530		625,138
Mueller Water Products Inc. Class A		61,870		722,642
Navistar International Corp.a,b		31,066		814,861
NN Inc.		10,282		282,241
Nordson Corp.		20,530		2,490,700
Omega Flex Inc.		2,709		174,460
Oshkosh Corp.		28,113		1,936,423
PACCAR Inc.		133,127		8,791,707
Park-Ohio Holdings Corp.		3,403		129,654
Parker-Hannifin Corp.		51,381		8,211,711
Pentair PLC		67,031		4,460,243
Perma-Pipe International Holdings Inc.a		3,177		25,416
Proto Labs Inc.a		9,716		653,401
RBC Bearings Inc.a		9,655		982,493
REV Group Inc.		7,352		203,503
Rexnord Corp.a		38,150		886,987
Snap-on Inc.		21,415		3,383,570
Spartan Motors Inc.		13,349		118,139
SPX Corp.a		14,643		368,418
SPX FLOW Inc.a		16,732		617,076
Standex International Corp.		4,219		382,663
Stanley Black & Decker Inc.		58,146		8,182,887
Sun Hydraulics Corp.		10,146		432,930
Supreme Industries Inc. Class A		14,102		231,978
Taylor Devices Inc.a		702		9,379
Tennant Co.		8,080		596,304
Terex Corp.		41,451		1,554,412
Timken Co. (The)		25,214		1,166,147
Titan International Inc.		17,146		205,923

67

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Toro Co. (The)		42,558	$	2,948,844
TriMas Corp.a		17,172		358,036
Trinity Industries Inc.		56,346		1,579,378
Twin Disc Inc.a		3,563		57,507
Wabash National Corp.b		24,458		537,587
WABCO Holdings Inc.a		18,371		2,342,486
Wabtec Corp./DEb		34,304		3,138,816
Watts Water Technologies Inc. Class A		10,438		659,682
Welbilt Inc.a		51,642		973,452
Woodward Inc.		20,785		1,404,650
WSI Industries Inc.a		2,608		8,606
Xerium Technologies Inc.a		3,735		26,855
Xylem Inc./NY		66,492		3,685,652
				191,714,405
MARINE — 0.02%
Genco Shipping & Trading Ltd.a,b		8,065		76,376
Kirby Corp.a,b		20,507		1,370,893
Matson Inc.		14,045		421,912
Pangaea Logistics Solutions Ltd.a		3,519		10,029
Rand Logistics Inc.a,b		7,673		2,992
				1,882,202
MEDIA — 3.00%
AH Belo Corp. Class A		7,229		39,760
AMC Entertainment Holdings Inc. Class A		20,330		462,508
AMC Networks Inc. Class Aa,b		23,603		1,260,636
Ballantyne Strong Inc.a		4,278		28,663
Beasley Broadcast Group Inc. Class A		904		8,859
Cable One Inc.		2,205		1,567,534
CBS Corp. Class A		3,233		209,531
CBS Corp. Class B NVS		141,762		9,041,580
Central European Media Enterprises Ltd. Class Aa,b		27,985		111,940
Charter Communications Inc. Class Aa		81,985		27,616,647
Cinedigm Corp. Class Aa		3,587		6,241
Cinemark Holdings Inc.		38,938		1,512,741
Clear Channel Outdoor Holdings Inc. Class A		13,340		64,699

Security	Shares		Value
Comcast Corp. Class A		1,801,176	$	70,101,770
Cumulus Media Inc. Class Aa		7,742		3,484
Daily Journal Corp.a,b		181		37,337
Discovery Communications Inc. Class Aa,b		61,315		1,583,766
Discovery Communications Inc. Class C NVSa		80,375		2,026,254
DISH Network Corp. Class Aa		84,475		5,301,651
Emmis Communications Corp. Class Aa		3,287		9,467
Entercom Communications Corp. Class Ab		9,695		100,343
Entravision Communications Corp. Class A		20,970		138,402
EW Scripps Co. (The) Class Aa,b		20,201		359,780
Gannett Co. Inc.		73,578		641,600
Global Eagle Entertainment Inc.a,b		17,437		62,076
Gray Television Inc.a		24,614		337,212
Harte-Hanks Inc.a		17,447		17,970
Hemisphere Media Group Inc.a,b		3,643		43,170
Insignia Systems Inc.		4,175		4,342
Interpublic Group of Companies Inc. (The)		150,552		3,703,579
John Wiley & Sons Inc. Class A		17,690		933,147
Lee Enterprises Inc.a,b		20,894		39,699
Liberty Broadband Corp. Class Aa		9,878		847,434
Liberty Broadband Corp. Class Ca		28,157		2,442,620
Liberty Global PLC Series Aa,b		91,753		2,947,106
Liberty Global PLC Series C NVSa,b		238,014		7,421,277
Liberty Global PLC LiLAC Class Aa		19,962		434,573
Liberty Global PLC LiLAC Class Ca,b		49,620		1,062,364
Liberty Media Corp.-Liberty Braves Class Ca,b		9,387		225,006
Liberty Media Corp.-Liberty Formula One Class Aa,b		6,131		214,769
Liberty Media Corp.-Liberty Formula One Class Ca		44,964		1,646,582

68

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Liberty Media Corp.-Liberty SiriusXM Class Aa		35,628	$	1,495,663
Liberty Media Corp.-Liberty SiriusXM Class Ca		75,673		3,155,564
Lions Gate Entertainment Corp. Class A		18,058		509,597
Lions Gate Entertainment Corp. Class Ba		42,874		1,126,729
Live Nation Entertainment Inc.a		55,224		1,924,556
Loral Space & Communications Inc.a		13		540
Madison Square Garden Co. (The)a,b		6,546		1,288,907
McClatchy Co. (The) Class Aa		2,801		26,161
Meredith Corp.		11,306		672,142
MSG Networks Inc. Class Aa,b		27,790		623,885
National CineMedia Inc.		24,229		179,779
New Media Investment Group Inc.		14,244		192,009
New York Times Co. (The) Class A		45,497		805,297
News Corp. Class A		157,688		2,160,326
News Corp. Class B		48,064		680,106
Nexstar Media Group Inc. Class A		19,645		1,174,771
NTN Buzztime Inc.a		331		2,251
Omnicom Group Inc.		89,805		7,444,834
Reading International Inc. Class Aa		6,670		107,587
Regal Entertainment Group Class A		37,880		775,025
Saga Communications Inc. Class A		2,615		119,636
Salem Media Group Inc. Class A		4,267		30,296
Scholastic Corp.		10,240		446,362
Scripps Networks Interactive Inc. Class A		35,411		2,418,925
Sinclair Broadcast Group Inc. Class A		25,157		827,665
Sirius XM Holdings Inc.b		650,910		3,560,478
SPAR Group Inc.a,b		2,819		2,847
TEGNA Inc.		82,479		1,188,522

Security	Shares		Value
Time Inc.		42,604	$	611,367
Time Warner Inc.		293,370		29,457,282
Townsquare Media Inc. Class Aa		3,651		37,386
Tribune Media Co. Class A		28,747		1,172,015
tronc Inc.a		3,050		39,315
Twenty-First Century Fox Inc. Class A NVS		407,561		11,550,279
Twenty-First Century Fox Inc. Class B		180,109		5,019,638
Urban One Inc.a		10,753		24,194
Urban One Inc. Class Aa		233		536
Viacom Inc. Class A		8,953		340,662
Viacom Inc. Class B NVS		132,023		4,432,012
Walt Disney Co. (The)		552,792		58,734,150
World Wrestling Entertainment Inc. Class A		13,229		269,475
Xcel Brands Inc.a		315		961
				289,247,851
METALS & MINING — 0.42%
AK Steel Holding Corp.a		122,442		804,444
Alcoa Corp.		58,480		1,909,372
Allegheny Technologies Inc.b		42,142		716,835
Ampco-Pittsburgh Corp.		3,405		50,224
Carpenter Technology Corp.		17,693		662,249
Century Aluminum Co.a		21,895		341,124
Cliffs Natural Resources Inc.a		99,671		689,723
Coeur Mining Inc.a		62,272		534,294
Commercial Metals Co.		42,534		826,436
Compass Minerals International Inc.		14,330		935,749
Comstock Mining Inc.a		47,889		8,754
Freeport-McMoRan Inc.a		497,119		5,970,399
Friedman Industries Inc.		3,214		18,255
General Moly Inc.a		38,057		14,062
Gerber Scientific Inc. Escrowa,d		664		7
Gold Resource Corp.		20,933		85,407
Golden Minerals Co.a,b		35,604		19,984
Handy & Harman Ltd.a		675		21,195
Haynes International Inc.		4,176		151,631
Hecla Mining Co.		146,600		747,660
Kaiser Aluminum Corp.		7,702		681,781
Materion Corp.		11,169		417,721

69

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
McEwen Mining Inc.b		65,437	$	172,099
Newmont Mining Corp.		204,490		6,623,431
Nucor Corp.		121,609		7,037,513
Olympic Steel Inc.		3,498		68,141
Paramount Gold Nevada Corp.a		2,863		4,380
Pershing Gold Corp.a,b		6,867		19,159
Real Industry Inc.a		10,263		29,763
Reliance Steel & Aluminum Co.		28,151		2,049,674
Royal Gold Inc.		27,449		2,145,688
Ryerson Holding Corp.a,b		6,238		61,756
Schnitzer Steel Industries Inc. Class A		10,283		259,132
Solitario Exploration & Royalty Corp.a,b		13,708		9,184
Steel Dynamics Inc.		90,864		3,253,840
SunCoke Energy Inc.a		24,337		265,273
Synalloy Corp.a		3,573		40,554
TimkenSteel Corp.a		14,083		216,456
U.S. Antimony Corp.a,b		27,222		10,617
U.S. Steel Corp.		66,709		1,476,937
Universal Stainless & Alloy Products Inc.a		3,212		62,634
Worthington Industries Inc.		17,312		869,409
				40,282,946
MORTGAGE REAL ESTATE INVESTMENT — 0.24%
AG Mortgage Investment Trust Inc.		6,547		119,810
AGNC Investment Corp.		126,409		2,691,248
Annaly Capital Management Inc.b		365,582		4,405,263
Anworth Mortgage Asset Corp.		24,759		148,801
Apollo Commercial Real Estate Finance Inc.b		28,018		519,734
Arbor Realty Trust Inc.b		14,843		123,791
Ares Commercial Real Estate Corp.		9,184		120,218
ARMOUR Residential REIT Inc.		14,247		356,175
Blackstone Mortgage Trust Inc. Class Ab		44,541		1,407,495
Capstead Mortgage Corp.b		29,128		303,805
Cherry Hill Mortgage Investment Corp.b		2,841		52,473
Chimera Investment Corp.		72,574		1,352,054

Security	Shares		Value
CIM Commercial Trust Corp.		4,244	$	67,480
CYS Investments Inc.		56,609		476,082
Dynex Capital Inc.		17,618		125,088
Ellington Residential Mortgage REIT		2,859		41,913
Five Oaks Investment Corp.		5,960		29,085
Great Ajax Corp.		6,670		93,247
Hannon Armstrong Sustainable Infrastructure Capital Inc.		14,351		328,207
Invesco Mortgage Capital Inc.		65,252		1,090,361
Ladder Capital Corp.		56,009		751,081
Manhattan Bridge Capital Inc.b		879		5,230
MFA Financial Inc.		162,896		1,366,697
MTGE Investment Corp.		17,057		320,672
New Residential Investment Corp.b		123,898		1,927,853
New York Mortgage Trust Inc.b		35,473		220,642
Orchid Island Capital Inc.		6,720		66,259
Owens Realty Mortgage Inc.		3,538		60,004
PennyMac Mortgage Investment Trustc		15,837		289,659
Redwood Trust Inc.b		28,746		489,832
Resource Capital Corp.		10,743		109,256
Starwood Property Trust Inc.b		97,669		2,186,809
Sutherland Asset Management Corp.		1,973		29,299
Two Harbors Investment Corp.b		152,915		1,515,388
Western Asset Mortgage Capital Corp.		12,514		128,894
				23,319,905
MULTI-UTILITIES — 0.93%
Ameren Corp.		94,305		5,155,654
Avista Corp.		21,438		910,257
Black Hills Corp.		20,071		1,354,190
CenterPoint Energy Inc.		164,054		4,491,799
CMS Energy Corp.		104,586		4,837,103
Consolidated Edison Inc.		114,917		9,287,592
Dominion Energy Inc.		237,480		18,198,092
DTE Energy Co.		68,338		7,229,477
MDU Resources Group Inc.		73,281		1,919,962
NiSource Inc.		121,135		3,071,984
NorthWestern Corp.		16,509		1,007,379
Public Service Enterprise Group Inc.		194,894		8,382,391

70

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
SCANA Corp.		52,986	$	3,550,592
Sempra Energy		93,988		10,597,147
Unitil Corp.		4,256		205,607
Vectren Corp.		31,270		1,827,419
WEC Energy Group Inc.		121,363		7,449,261
				89,475,906
MULTILINE RETAIL — 0.36%
Big Lots Inc.		17,120		826,896
Bon-Ton Stores Inc. (The)a,b		6,256		2,737
Dillard’s Inc. Class Ab		10,514		606,553
Dollar General Corp.		97,632		7,038,291
Dollar Tree Inc.a		89,825		6,280,564
Fred’s Inc. Class A		10,026		92,540
JC Penney Co. Inc.a,b		107,400		499,410
Kohl’s Corp.		65,759		2,542,900
Macy’s Inc.		110,109		2,558,933
Nordstrom Inc.		45,791		2,190,183
Ollie’s Bargain Outlet Holdings Inc.a,b		17,537		747,076
Sears Holdings Corp.a,b		20,681		183,234
Target Corp.		208,296		10,891,798
Tuesday Morning Corp.a,b		17,170		32,623
				34,493,738
OIL, GAS & CONSUMABLE FUELS — 4.71%
Abraxas Petroleum Corp.a		122,730		198,823
Adams Resources & Energy Inc.		606		24,894
Aemetis Inc.a		4,304		5,767
Alon USA Energy Inc.		11,604		154,565
Amyris Inc.a,b		13,246		42,122
Anadarko Petroleum Corp.		214,873		9,742,342
Antero Resources Corp.a,b		48,685		1,052,083
Apache Corp.		141,842		6,798,487
Approach Resources Inc.a,b		42,342		142,693
Arch Coal Inc. Class Ab		13,016		888,993
Barnwell Industries Inc.a		747		1,352
Bill Barrett Corp.a,b		23,318		71,586
Bonanza Creek Energy Inc.a		632		20,041
Cabot Oil & Gas Corp.		187,269		4,696,706
California Resources Corp.a,b		18,148		155,165
Callon Petroleum Co.a,b		73,185		776,493
Camber Energy Inc.a,b		24,191		6,241
Carrizo Oil & Gas Inc.a		24,062		419,160

Security	Shares		Value
Centennial Resource Development Inc./DE Class Aa		52,123	$	824,586
Centrus Energy Corp.a		2,860		12,012
Cheniere Energy Inc.a		94,067		4,582,004
Chesapeake Energy Corp.a,b		267,830		1,331,115
Chevron Corp.		720,638		75,184,163
Cimarex Energy Co.		35,093		3,299,093
Clean Energy Fuels Corp.a,b		45,166		114,722
Cloud Peak Energy Inc.a		25,079		88,529
Cobalt International Energy Inc.a,b		1,134		2,801
Comstock Resources Inc.a,b		12,674		89,605
Concho Resources Inc.a		56,878		6,912,383
ConocoPhillips		472,491		20,770,704
CONSOL Energy Inc.a		70,723		1,056,602
Contango Oil & Gas Co.a		32,055		212,845
Continental Resources Inc./OKa,b		34,666		1,120,752
CVR Energy Inc.		197		4,287
Delek U.S. Holdings Inc.		23,839		630,303
Denbury Resources Inc.a		139,016		212,694
Devon Energy Corp.		202,720		6,480,958
Diamondback Energy Inc.a,b		38,191		3,391,743
Earthstone Energy Inc. Class Aa,b		13,067		130,801
Eclipse Resources Corp.a,b		63,195		180,738
Energen Corp.a		35,600		1,757,572
Energy XXI Gulf Coast Inc.a		24,120		447,908
EOG Resources Inc.		219,492		19,868,416
EP Energy Corp. Class Aa,b		30,898		113,087
EQT Corp.b		63,733		3,734,116
Erin Energy Corp.a,b		69,645		100,985
Evolution Petroleum Corp.		52,624		426,254
EXCO Resources Inc.a		3,292		8,724
Extraction Oil & Gas Inc.a,b		20,086		270,157
Exxon Mobil Corp.		1,612,941		130,212,727
Gastar Exploration Inc.a,b		132,822		122,993
Gener8 Maritime Inc.a,b		45,314		257,837
Gevo Inc.a,b		4,180		2,880
Green Plains Inc.		24,038		493,981
Gulfport Energy Corp.a		58,993		870,147
Halcon Resources Corp.a,b		16,977		77,076

71

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Hallador Energy Co.		6,839	$	53,139
Harvest Natural Resources Inc.a,d		8,626		7,505
Hess Corp.		99,893		4,382,306
HollyFrontier Corp.		68,700		1,887,189
Houston American Energy Corp.a,b		14,551		10,913
International Seaways Inc.a		21,203		459,469
Isramco Inc.a,b		145		16,588
Jones Energy Inc. Class Aa,b		45,324		72,518
Kinder Morgan Inc./DE		731,137		14,008,585
Kosmos Energy Ltd.a,b		62,427		400,157
Laredo Petroleum Inc.a,b		61,807		650,210
Marathon Oil Corp.		316,174		3,746,662
Marathon Petroleum Corp.		196,577		10,286,874
Matador Resources Co.a,b		38,607		825,032
Murphy Oil Corp.		56,620		1,451,171
Newfield Exploration Co.a		80,124		2,280,329
Noble Energy Inc.		170,150		4,815,245
Northern Oil and Gas Inc.a,b		673		942
Oasis Petroleum Inc.a,b		91,172		733,935
Occidental Petroleum Corp.		289,835		17,352,421
ONEOK Inc.		144,663		7,545,622
Overseas Shipholding Group Inc. Series Aa		1,987		5,285
Pacific Ethanol Inc.a,b		21,635		135,219
Panhandle Oil and Gas Inc. Class A		20,764		479,648
Par Pacific Holdings Inc.a		8,912		160,772
Parsley Energy Inc. Class Aa		79,932		2,218,113
PBF Energy Inc. Class A		38,084		847,750
PDC Energy Inc.a,b		24,593		1,060,204
Peabody Energy Corp.a		37,497		916,802
PEDEVCO Corp.a		1,000		644
PetroQuest Energy Inc.a		35,111		69,520
Phillips 66		166,281		13,749,776
Pioneer Natural Resources Co.		65,188		10,402,701
PrimeEnergy Corp.a		174		8,013
QEP Resources Inc.a		86,041		869,014
Range Resources Corp.b		69,913		1,619,884
Renewable Energy Group Inc.a,b		28,095		363,830
Resolute Energy Corp.a,b		6,371		189,665
REX American Resources Corp.a,b		3,880		374,653

Security	Shares		Value
Rex Energy Corp.a,b		10,163	$	29,371
Rice Energy Inc.a		25,596		681,621
Ring Energy Inc.a,b		37,509		487,617
RSP Permian Inc.a		41,038		1,324,296
Sanchez Energy Corp.a,b		17,590		126,296
SandRidge Energy Inc.a		10,662		183,493
SemGroup Corp. Class A		23,232		627,264
SM Energy Co.		38,801		641,381
Southwestern Energy Co.a		173,456		1,054,612
SRC Energy Inc.a,b		76,291		513,438
Targa Resources Corp.		84,599		3,823,875
Tellurian Inc.a,b		17,805		178,584
Tesoro Corp.		54,761		5,125,630
Torchlight Energy Resources Inc.a,b		83,311		138,296
TransAtlantic Petroleum Ltd.a		68,819		82,583
U.S. Energy Corp. Wyominga		658		454
Uranium Energy Corp.a,b		154,451		245,577
Uranium Resources Inc.a,b		577		860
VAALCO Energy Inc.a		146,440		136,921
Valero Energy Corp.		168,391		11,359,657
Vertex Energy Inc.a,b		6,665		7,132
W&T Offshore Inc.a		953		1,868
Westmoreland Coal Co.a,b		6,709		32,673
Whiting Petroleum Corp.a,b		98,612		543,352
Williams Companies Inc. (The)		317,587		9,616,534
World Fuel Services Corp.		27,099		1,041,957
WPX Energy Inc.a		145,304		1,403,637
Yuma Energy Inc.a,b		729		678
Zion Oil & Gas Inc.a,b		93,389		320,324
				454,784,099
PAPER & FOREST PRODUCTS — 0.06%
Boise Cascade Co.a,b		14,093		428,427
Clearwater Paper Corp.a		6,829		319,256
Deltic Timber Corp.		3,695		275,869
Domtar Corp.		25,063		962,920
KapStone Paper and Packaging Corp.		33,999		701,399
Louisiana-Pacific Corp.a		53,123		1,280,796
Mercer International Inc.		16,629		191,234
Neenah Paper Inc.		6,694		537,193
PH Glatfelter Co.		16,669		325,712
Rentech Inc.a		6,570		2,976

72

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Resolute Forest Products Inc.a,b		45,039	$	198,172
Schweitzer-Mauduit International Inc.		11,078		412,434
				5,636,388
PERSONAL PRODUCTS — 0.19%
Avon Products Inc.a		164,371		624,610
CCA Industries Inc.a		3,228		10,975
Coty Inc. Class A		181,368		3,402,464
Cyanotech Corp.a		812		2,923
DS Healthcare Group Inc.a		2,605		300
Edgewell Personal Care Co.a		21,659		1,646,517
elf Beauty Inc.a		10,169		276,698
Estee Lauder Companies Inc. (The) Class A		83,336		7,998,589
Female Health Co. (The)a		7,753		8,141
Herbalife Ltd.a,b		28,314		2,019,638
Inter Parfums Inc.		6,761		247,791
Lifevantage Corp.a,b		6,087		26,357
Mannatech Inc.		256		4,070
Medifast Inc.		3,494		144,896
MYOS RENS Technology Inc.a		307		559
Natural Alternatives International Inc.a		880		8,800
Natural Health Trends Corp.b		3,198		89,064
Nature’s Sunshine Products Inc.		3,436		45,527
Nu Skin Enterprises Inc. Class A		21,037		1,321,965
Nutraceutical International Corp.		3,332		138,778
Reliv International Inc.a		258		2,268
Revlon Inc. Class Aa,b		3,729		88,377
United-Guardian Inc.		6,532		100,919
USANA Health Sciences Inc.a,b		6,429		412,099
				18,622,325
PHARMACEUTICALS — 4.39%
AcelRx Pharmaceuticals Inc.a,b		11,153		23,979
Aclaris Therapeutics Inc.a,b		7,224		195,915
Adamis Pharmaceuticals Corp.a,b		4,222		21,954
Aerie Pharmaceuticals Inc.a,b		11,334		595,602
Agile Therapeutics Inc.a		17,180		64,425
Akorn Inc.a		37,658		1,263,049
Alimera Sciences Inc.a,b		69,310		96,341
Allergan PLC		127,493		30,992,273

Security	Shares		Value
Amphastar Pharmaceuticals Inc.a		17,486	$	312,300
Ampio Pharmaceuticals Inc.a,b		101,259		52,766
ANI Pharmaceuticals Inc.a,b		3,652		170,914
Apricus Biosciences Inc.a		1,280		1,446
Aradigm Corp.a		3,707		5,004
Aratana Therapeutics Inc.a,b		17,163		124,089
Assembly Biosciences Inc.a,b		17,377		358,835
Axsome Therapeutics Inc.a		6,562		36,091
Bio-Path Holdings Inc.a,b		32,091		12,458
BioDelivery Sciences International Inc.a,b		45,299		126,837
BioPharmX Corp.a,b		3,675		1,760
Bristol-Myers Squibb Co.		627,634		34,971,767
Catalent Inc.a		49,074		1,722,497
Cempra Inc.a		27,432		126,187
Cerecor Inc.a,b		2,965		1,719
Collegium Pharmaceutical Inc.a,b		13,203		165,170
ContraVir Pharmaceuticals Inc.a,b		27,373		15,876
Corcept Therapeutics Inc.a,b		41,030		484,154
Corium International Inc.a,b		4,374		32,630
CorMedix Inc.a		13,939		5,971
Cumberland Pharmaceuticals Inc.a		4,286		30,302
Cymabay Therapeutics Inc.a		7,066		40,700
Depomed Inc.a,b		24,750		265,815
Dermira Inc.a,b		10,670		310,924
DURECT Corp.a		41,093		64,105
Egalet Corp.a,b		23,554		55,823
Eli Lilly & Co.		370,109		30,459,971
Endo International PLCa		72,512		809,959
Endocyte Inc.a,b		77,124		115,686
Evoke Pharma Inc.a,b		28,268		72,366
EyeGate Pharmaceuticals Inc.a,b		635		870
Flex Pharma Inc.a,b		11,307		43,532
Heska Corp.a		3,081		314,478
Horizon Pharma PLCa		65,950		782,827
Impax Laboratories Inc.a		28,715		462,312
Imprimis Pharmaceuticals Inc.a,b		25,107		80,342
Innoviva Inc.a		31,570		404,096
Intersect ENT Inc.a		9,795		273,770

73

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Intra-Cellular Therapies Inc.a,b		14,715	$	182,760
Jaguar Animal Health Inc.a,b		70,425		37,318
Jazz Pharmaceuticals PLCa,b		23,712		3,687,216
Johnson & Johnson		1,025,984		135,727,423
Juniper Pharmaceuticals Inc.a		9,878		49,884
KemPharm Inc.a		2,703		10,812
Lannett Co. Inc.a,b		13,846		282,458
Lipocine Inc.a,b		31,294		125,802
Mallinckrodt PLCa		41,051		1,839,495
Marinus Pharmaceuticals Inc.a,b		97,707		133,859
Medicines Co. (The)a		31,037		1,179,716
Merck & Co. Inc.		1,040,018		66,654,754
Mylan NVa		173,188		6,723,158
MyoKardia Inc.a		6,615		86,657
Nektar Therapeuticsa		62,429		1,220,487
Neos Therapeutics Inc.a,b		26,817		195,764
NovaBay Pharmaceuticals Inc.a,b		657		2,529
Novus Therapeutics Inc.a,b		317		1,854
Ocera Therapeutics Inc.a,b		18,315		21,245
Ocular Therapeutix Inc.a,b		16,737		155,152
Omeros Corp.a,b		21,131		420,613
Orexigen Therapeutics Inc.a,b		3,844		11,148
Pacira Pharmaceuticals Inc./DEa		13,161		627,780
Pain Therapeutics Inc.a		2,203		9,076
Paratek Pharmaceuticals Inc.a		6,630		159,783
Pernix Therapeutics Holdings Inc.a,b		24,539		98,647
Perrigo Co. PLC		54,676		4,129,132
Pfizer Inc.		2,269,743		76,240,667
Phibro Animal Health Corp. Series A		10,014		371,019
PLx Pharma Inc.a,b		348		2,140
Prestige Brands Holdings Inc.a		20,693		1,092,797
ProPhase Labs Inc.a,b		6,973		14,574
Pulmatrix Inc.a,b		155		374
Reata Pharmaceuticals Inc. Series Aa,b		3,134		99,160
Repros Therapeutics Inc.a		11,099		5,106
Revance Therapeutics Inc.a,b		14,611		385,730
Ritter Pharmaceuticals Inc.a,b		70,219		39,323
SciClone Pharmaceuticals Inc.a		17,071		187,781

Security	Shares		Value
SCYNEXIS Inc.a		35,237	$	63,074
Sonoma Pharmaceuticals Inc.a,b		2,581		17,086
Sucampo Pharmaceuticals Inc. Class Aa,b		6,175		64,838
Supernus Pharmaceuticals Inc.a		20,331		876,266
Teligent Inc.a,b		25,265		231,175
Tetraphase Pharmaceuticals Inc.a,b		41,462		295,624
TherapeuticsMD Inc.a,b		58,304		307,262
Theravance Biopharma Inc.a,b		17,230		686,443
Titan Pharmaceuticals Inc.a,b		6,912		13,133
VIVUS Inc.a		55,906		68,205
WaVe Life Sciences Ltd.a		3,946		73,396
Zoetis Inc.		184,879		11,532,752
Zogenix Inc.a,b		20,492		297,134
Zynerba Pharmaceuticals Inc.a		4,421		75,024
				423,384,492
PROFESSIONAL SERVICES — 0.42%
Acacia Research Corp.a		8,453		34,657
Advisory Board Co. (The)a		14,783		761,324
Barrett Business Services Inc.		3,185		182,469
CBIZ Inc.a,b		18,057		270,855
CDI Corp.a		6,222		36,399
CRA International Inc.		3,431		124,614
DLH Holdings Corp.a		819		4,414
Dun & Bradstreet Corp. (The)		13,812		1,493,768
Equifax Inc.		46,172		6,344,956
Exponent Inc.		10,075		587,372
Franklin Covey Co.a,b		6,155		118,792
FTI Consulting Inc.a		14,798		517,338
GEE Group Inc.a		802		4,146
GP Strategies Corp.a		6,715		177,276
Heidrick & Struggles International Inc.		6,786		147,596
Hill International Inc.a,b		14,782		76,866
Hudson Global Inc.		11,112		14,890
Huron Consulting Group Inc.a,b		7,635		329,832
ICF International Inc.a,b		7,019		330,595
IHS Markit Ltd.a		124,698		5,491,700
Insperity Inc.		6,547		464,837
Kelly Services Inc. Class A		10,686		239,901
Kforce Inc.		9,819		192,452
Korn/Ferry International		21,211		732,416

74

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Lightbridge Corp.a,b		2,675	$	4,628
ManpowerGroup Inc.		27,335		3,051,953
Marathon Patent Group Inc.a		4,257		1,609
Mastech Digital Inc.a		634		4,108
Mistras Group Inc.a		6,377		140,103
Navigant Consulting Inc.a		17,517		346,136
Nielsen Holdings PLC		131,643		5,089,318
On Assignment Inc.a		17,753		961,325
Pendrell Corp.a		4,017		29,043
RCM Technologies Inc.a		3,792		19,150
Resources Connection Inc.		13,868		189,992
Robert Half International Inc.		48,910		2,344,256
RPX Corp.a		20,605		287,440
Spherix Inc.a		238		619
TransUniona		48,904		2,118,032
TriNet Group Inc.a		16,714		547,216
TrueBlue Inc.a		14,796		392,094
Verisk Analytics Inc. Class Aa		59,064		4,983,230
Volt Information Sciences Inc.a,b		3,647		14,406
WageWorks Inc.a		13,710		921,312
Willdan Group Inc.a,b		3,191		97,485
				40,222,920
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.14%
Alexander & Baldwin Inc.		17,260		714,219
Altisource Portfolio Solutions SAa,b		4,049		88,349
American Realty Investors Inc.a		779		6,793
CBRE Group Inc. Class Aa		114,896		4,182,214
CKX Lands Inc.		229		2,634
Consolidated-Tomoka Land Co.		2,753		156,783
Forestar Group Inc.a		9,202		157,814
FRP Holdings Inc.a		2,775		128,066
Griffin Industrial Realty Inc.		642		20,140
HFF Inc. Class A		13,614		473,359
Howard Hughes Corp. (The)a,b		13,837		1,699,737
Income Opportunity Realty Investors Inc.a		108		1,015
InterGroup Corp. (The)a		126		3,276
Jones Lang LaSalle Inc.		16,243		2,030,375
JW Mays Inc.a		106		3,763
Kennedy-Wilson Holdings Inc.		35,111		668,865
Marcus & Millichap Inc.a,b		4,305		113,480
Maui Land & Pineapple Co. Inc.a,b		3,167		64,290

Security	Shares		Value
RE/MAX Holdings Inc. Class A		6,722	$	376,768
Realogy Holdings Corp.		52,891		1,716,313
RMR Group Inc. (The) Class A		2,891		140,647
St. Joe Co. (The)a,b		25,001		468,769
Stratus Properties Inc.		2,757		81,056
Tejon Ranch Co.a,b		6,199		127,947
Transcontinental Realty Investors Inc.a,b		269		7,233
				13,433,905
ROAD & RAIL — 0.89%
AMERCO		2,853		1,044,369
ArcBest Corp.		9,687		199,552
Avis Budget Group Inc.a		35,327		963,367
Celadon Group Inc.b		97,375		306,731
Covenant Transportation Group Inc. Class Aa,b		4,118		72,189
CSX Corp.		350,403		19,117,988
Genesee & Wyoming Inc. Class Aa		21,154		1,446,722
Heartland Express Inc.		13,764		286,567
Hertz Global Holdings Inc.a,b		22,178		255,047
JB Hunt Transport Services Inc.		34,091		3,115,236
Kansas City Southern		40,763		4,265,848
Knight Transportation Inc.		23,519		871,379
Landstar System Inc.		14,898		1,275,269
Marten Transport Ltd.		40		1,096
Norfolk Southern Corp.		109,222		13,292,317
Old Dominion Freight Line Inc.		25,131		2,393,476
PAM Transportation Services Inc.a		673		12,753
Patriot Transportation Holding Inc.a		681		12,169
Roadrunner Transportation Systems Inc.a		11,073		80,501
Ryder System Inc.		20,508		1,476,166
Saia Inc.a		9,759		500,637
Schneider National Inc. Class B		17,331		387,694
Swift Transportation Co.a,b		31,709		840,289
Union Pacific Corp.		306,147		33,342,470
Universal Logistics Holdings Inc.		3,283		49,245
USA Truck Inc.a		3,354		29,046
Werner Enterprises Inc.		17,283		507,256
YRC Worldwide Inc.a		13,029		144,882
				86,290,261

75

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.25%
Adesto Technologies Corp.a,b		2,761	$	12,563
Advanced Energy Industries Inc.a		16,901		1,093,326
Advanced Micro Devices Inc.a,b		293,513		3,663,042
Aehr Test Systemsa,b		6,075		22,781
Alpha & Omega Semiconductor Ltd.a		27		450
Amkor Technology Inc.a		66,343		648,171
Amtech Systems Inc.a		3,629		30,629
Analog Devices Inc.		138,395		10,767,131
Applied Materials Inc.		412,524		17,041,366
Axcelis Technologies Inc.a,b		10,544		220,897
AXT Inc.a,b		13,705		87,027
Broadcom Ltd.		152,961		35,647,561
Brooks Automation Inc.		27,217		590,337
Cabot Microelectronics Corp.		14,227		1,050,379
Cavium Inc.a,b		24,722		1,535,978
CEVA Inc.a		7,211		327,740
Cirrus Logic Inc.a		23,813		1,493,551
Cohu Inc.		9,766		153,717
Cree Inc.a,b		38,253		942,936
CVD Equipment Corp.a,b		2,737		30,299
Cyberoptics Corp.a,b		3,168		65,419
Cypress Semiconductor Corp.		135,131		1,844,538
Diodes Inc.a		14,115		339,183
DSP Group Inc.a		26		302
Entegris Inc.a		52,921		1,161,616
First Solar Inc.a		28,688		1,144,077
FormFactor Inc.a,b		27,494		340,926
GSI Technology Inc.a,b		7,075		55,609
Inphi Corp.a,b		13,951		478,519
Integrated Device Technology Inc.a		51,478		1,327,618
Intel Corp.		1,792,706		60,485,900
Intermolecular Inc.a		10,333		9,610
inTEST Corp.a		3,266		21,882
IXYS Corp.		9,739		160,207
KLA-Tencor Corp.		59,905		5,481,907
Kopin Corp.a		23,652		87,749
Kulicke & Soffa Industries Inc.a		26,982		513,198
Lam Research Corp.		63,013		8,911,929

Security	Shares		Value
Lattice Semiconductor Corp.a		44,506	$	296,410
MACOM Technology Solutions Holdings Inc.a,b		10,477		584,302
Marvell Technology Group Ltd.		176,953		2,923,264
Maxim Integrated Products Inc.		107,335		4,819,341
MaxLinear Inc.a		20,666		576,375
Microchip Technology Inc.		88,274		6,812,987
Micron Technology Inc.a		401,281		11,982,251
Microsemi Corp.a		42,543		1,991,012
MKS Instruments Inc.		23,779		1,600,327
Monolithic Power Systems Inc.		17,518		1,688,735
MoSys Inc.a,b		2,652		4,535
Nanometrics Inc.a		9,625		243,416
NeoPhotonics Corp.a,b		10,462		80,767
NVE Corp.		2,596		199,892
NVIDIA Corp.		227,854		32,938,574
ON Semiconductor Corp.a		154,109		2,163,690
PDF Solutions Inc.a		10,227		168,234
Photronics Inc.a,b		24,539		230,667
Pixelworks Inc.a,b		10,221		46,914
Power Integrations Inc.		15,241		1,111,069
Qorvo Inc.a,b		48,355		3,061,839
QUALCOMM Inc.		564,898		31,193,668
QuickLogic Corp.a,b		24,104		35,192
Rambus Inc.a		41,672		476,311
Rubicon Technology Inc.a		842		7,797
Rudolph Technologies Inc.a		11,135		254,435
Semtech Corp.a		24,262		867,366
Sevcon Inc.a,b		777		10,412
Sigma Designs Inc.a		13,858		81,069
Silicon Laboratories Inc.a		14,281		976,106
Skyworks Solutions Inc.		70,226		6,738,185
SolarEdge Technologies Inc.a,b		2,892		57,840
SunPower Corp.a,b		9,972		93,138
Synaptics Inc.a,b		13,929		720,269
Teradyne Inc.		76,430		2,295,193
Texas Instruments Inc.		381,650		29,360,334
Trio-Tech Internationala		311		1,549
Ultra Clean Holdings Inc.a		13,136		246,300
Veeco Instruments Inc.a		17,437		485,620
Versum Materials Inc.		41,189		1,338,642
Xcerra Corp.a		20,714		202,376
Xilinx Inc.		94,080		6,051,226

76

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Xperi Corp.		20,407	$	608,129
				313,415,828
SOFTWARE — 4.81%
8x8 Inc.a		33,936		493,769
A10 Networks Inc.a		14,208		119,916
ACI Worldwide Inc.a		44,455		994,458
Activision Blizzard Inc.		266,971		15,369,520
Adobe Systems Inc.a		188,936		26,723,108
Agilysys Inc.a		6,307		63,827
American Software Inc./GA Class A		10,251		105,483
ANSYS Inc.a,b		32,209		3,919,191
Aspen Technology Inc.a		31,158		1,721,791
Asure Software Inc.a		3,249		47,468
Autodesk Inc.a		73,401		7,400,289
Aware Inc./MAa		6,975		35,921
Barracuda Networks Inc.a		7,779		179,384
Blackbaud Inc.b		17,596		1,508,857
Bottomline Technologies de Inc.a		14,003		359,737
BroadSoft Inc.a,b		10,847		466,963
Bsquare Corp.a		3,784		21,190
CA Inc.		121,178		4,177,006
Cadence Design Systems Inc.a		112,300		3,760,927
Callidus Software Inc.a,b		21,413		518,195
CDK Global Inc.		58,705		3,643,232
Citrix Systems Inc.a		59,670		4,748,539
CommVault Systems Inc.a		14,809		835,968
Datawatch Corp.a		3,591		33,396
Dell Technologies Inc. Class Va		51,284		3,133,965
Digimarc Corp.a,b		3,446		138,357
Digital Turbine Inc.a,b		20,200		20,806
Document Security Systems Inc.a		9,617		7,405
Ebix Inc.b		10,201		549,834
Electronic Arts Inc.a		117,710		12,444,301
Ellie Mae Inc.a,b		14,279		1,569,405
EnerNOC Inc.a		10,584		82,026
Evolving Systems Inc.		3,574		18,406
Exa Corp.a,b		3,744		51,667
Fair Isaac Corp.		11,110		1,548,845
FalconStor Software Inc.a		14,199		3,685
Finjan Holdings Inc.a		2,817		9,240

Security	Shares		Value
FireEye Inc.a,b		65,612	$	997,959
FORM Holdings Corp.a,b		4,383		7,232
Fortinet Inc.a		55,193		2,066,426
Gigamon Inc.a,b		10,628		418,212
GlobalSCAPE Inc.		6,279		33,216
Glu Mobile Inc.a		44,399		110,997
GSE Systems Inc.a		4,175		12,316
Guidance Software Inc.a		7,104		46,957
Guidewire Software Inc.a,b		27,343		1,878,738
HubSpot Inc.a		12,755		838,641
Imperva Inc.a		10,520		503,382
Intelligent Systems Corp.a		2,626		9,532
Intuit Inc.		93,549		12,424,243
Majescoa,b		2,748		13,548
Mam Software Group Inc.a		3,717		24,718
Manhattan Associates Inc.a		27,527		1,322,948
Microsoft Corp.		2,944,339		202,953,287
MicroStrategy Inc. Class Aa		3,531		676,787
Mitek Systems Inc.a,b		10,662		89,561
MobileIron Inc.a		14,625		88,481
Model N Inc.a		7,644		101,665
Monotype Imaging Holdings Inc.		14,703		269,065
NetSol Technologies Inc.a		3,562		14,070
Nuance Communications Inc.a		95,067		1,655,116
NXT-ID Inc.a,b		250		472
Oracle Corp.		1,148,750		57,598,325
Park City Group Inc.a,b		6,058		73,605
Paycom Software Inc.a,b		14,034		960,066
Paylocity Holding Corp.a,b		7,447		336,455
Pegasystems Inc.		13,696		799,162
PolarityTE Inc.a,b		297		6,864
Progress Software Corp.		18,133		560,128
Proofpoint Inc.a,b		19,773		1,716,890
PROS Holdings Inc.a,b		9,731		266,532
PTC Inc.a		42,357		2,334,718
QAD Inc.		244		6,551
QAD Inc. Class A		3,477		111,438
Qualys Inc.a		9,925		404,940
Rapid7 Inc.a		3,236		54,462
RealNetworks Inc.a,b		9,840		42,607
RealPage Inc.a		20,485		736,436
Red Hat Inc.a		68,818		6,589,323
RingCentral Inc. Class Aa,b		21,487		785,350

77

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Rosetta Stone Inc.a		6,769	$	72,970
Rubicon Project Inc. (The)a		7,641		39,275
salesforce.com Inc.a		255,603		22,135,220
Seachange International Inc.a		13,252		35,250
SecureWorks Corp. Class Aa,b		3,610		33,537
ServiceNow Inc.a		65,817		6,976,602
Silver Spring Networks Inc.a,b		13,864		156,386
SITO Mobile Ltd.a,b		6,791		25,195
Smith Micro Software Inc.a		4,195		6,125
Sonic Foundry Inc.a		760		2,956
Splunk Inc.a,b		55,324		3,147,382
SS&C Technologies Holdings Inc.		71,162		2,733,332
Symantec Corp.		237,127		6,698,838
Synchronoss Technologies Inc.a		14,559		239,496
Synopsys Inc.a		56,429		4,115,367
Tableau Software Inc. Class Aa,b		20,712		1,269,024
Take-Two Interactive Software Inc.a		39,682		2,911,865
Telenav Inc.a		10,569		85,609
TiVo Corp.		44,598		831,753
Tyler Technologies Inc.a		13,044		2,291,439
Ultimate Software Group Inc. (The)a,b		10,630		2,232,938
Upland Software Inc.a,b		801		17,614
Varonis Systems Inc.a		6,211		231,049
VASCO Data Security International Inc.a,b		10,684		153,315
Verint Systems Inc.a		23,856		970,939
VirnetX Holding Corp.a,b		17,689		80,485
VMware Inc. Class Aa,b		27,855		2,435,363
Workday Inc. Class Aa,b		51,342		4,980,174
Workiva Inc.a,b		7,146		136,131
Zedge Inc. Class Ba		2,764		6,108
Zendesk Inc.a,b		31,243		867,931
Zix Corp.a,b		20,829		118,517
Zynga Inc. Class Aa		281,525		1,024,751
				463,830,434
SPECIALTY RETAIL — 2.13%
Aaron’s Inc.		24,221		942,197
Abercrombie & Fitch Co. Class A		22,818		283,856
Advance Auto Parts Inc.		27,725		3,232,458

Security	Shares		Value
America’s Car-Mart Inc./TXa,b		3,395	$	132,065
American Eagle Outfitters Inc.		76,534		922,235
Appliance Recycling Centers of America Inc.a		869		695
Asbury Automotive Group Inc.a		7,762		438,941
Ascena Retail Group Inc.a,b		27,171		58,418
AutoNation Inc.a,b		17,846		752,387
AutoZone Inc.a,b		10,959		6,251,671
Barnes & Noble Education Inc.a		14,192		150,861
Barnes & Noble Inc.		23,577		179,185
bebe stores Inc.a,b		1,139		6,766
Bed Bath & Beyond Inc.		58,934		1,791,594
Best Buy Co. Inc.		101,509		5,819,511
Big 5 Sporting Goods Corp.		5,881		76,747
Boot Barn Holdings Inc.a,b		6,086		43,089
Buckle Inc. (The)		21,680		385,904
Build-A-Bear Workshop Inc.a,b		13,837		144,597
Burlington Stores Inc.a,b		25,246		2,322,380
Cabela’s Inc.a		17,710		1,052,328
Caleres Inc.		18,326		509,096
Camping World Holdings Inc. Class A		10,772		332,316
CarMax Inc.a,b		72,961		4,600,921
Cato Corp. (The) Class A		14,690		258,397
Chico’s FAS Inc.		49,394		465,291
Children’s Place Inc. (The)		7,246		739,817
Christopher & Banks Corp.a		13,853		18,147
Citi Trends Inc.		6,258		132,795
Conn’s Inc.a,b		10,202		194,858
Container Store Group Inc. (The)a,b		6,852		40,564
Destination Maternity Corp.a		6,140		19,894
Destination XL Group Inc.a,b		17,173		40,357
Dick’s Sporting Goods Inc.		34,015		1,354,817
DSW Inc. Class A		34,804		616,031
Express Inc.a		27,135		183,161
Finish Line Inc. (The) Class A		11,018		156,125
Five Below Inc.a		20,635		1,018,750
Foot Locker Inc.		52,164		2,570,642
Francesca’s Holdings Corp.a		16,352		178,891
GameStop Corp. Class A		36,414		786,907
Gap Inc. (The)		86,496		1,902,047
Genesco Inc.a		5,901		200,044

78

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
GNC Holdings Inc. Class Ab		23,099	$	194,725
Group 1 Automotive Inc.		7,545		477,749
Guess? Inc.		24,097		307,960
Haverty Furniture Companies Inc.		7,169		179,942
Hibbett Sports Inc.a,b		7,798		161,808
Home Depot Inc. (The)		455,042		69,803,443
Kirkland’s Inc.a		6,272		64,476
L Brands Inc.		90,964		4,902,050
Lithia Motors Inc. Class A		10,349		975,186
Lowe’s Companies Inc.		327,883		25,420,769
Lumber Liquidators Holdings Inc.a,b		10,339		259,095
MarineMax Inc.a,b		9,809		191,766
Michaels Companies Inc. (The)a		38,271		708,779
Monro Muffler Brake Inc.		13,045		544,629
Murphy USA Inc.a,b		13,370		990,851
New York & Co. Inc.a		13,241		18,273
O’Reilly Automotive Inc.a		35,417		7,747,115
Office Depot Inc.		204,624		1,154,079
Party City Holdco Inc.a,b		7,790		121,913
Penske Automotive Group Inc.		14,567		639,637
Perfumania Holdings Inc.a		3,311		5,629
Pier 1 Imports Inc.		31,659		164,310
Rent-A-Center Inc./TX		20,194		236,674
RHa,b		11,142		718,882
Ross Stores Inc.		149,028		8,603,386
Sally Beauty Holdings Inc.a,b		55,434		1,122,538
Sears Hometown and Outlet Stores Inc.a,b		4,111		11,100
Select Comfort Corp.a		17,670		627,108
Shoe Carnival Inc.		27		564
Signet Jewelers Ltd.		27,348		1,729,487
Sonic Automotive Inc. Class A		10,632		206,792
Sportsman’s Warehouse Holdings Inc.a,b		10,837		58,520
Stage Stores Inc.		11,246		23,392
Staples Inc.		243,982		2,456,899
Stein Mart Inc.		44		74
Tailored Brands Inc.		17,628		196,728
Tandy Leather Factory Inc.a		2,855		25,409
Tiffany & Co.		41,510		3,896,544
Tile Shop Holdings Inc.		10,504		216,908

Security	Shares		Value
Tilly’s Inc. Class A		5,843	$	59,306
TJX Companies Inc. (The)		247,276		17,845,909
Tractor Supply Co.		49,503		2,683,558
Trans World Entertainment Corp.a		4,121		6,800
Ulta Salon Cosmetics & Fragrance Inc.a		21,811		6,267,173
Urban Outfitters Inc.a,b		32,048		594,170
Vitamin Shoppe Inc.a,b		9,882		115,125
West Marine Inc.		6,684		85,889
Williams-Sonoma Inc.		31,187		1,512,569
Winmark Corp.		359		46,293
Zumiez Inc.a		3,578		44,188
				205,733,922
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 3.47%
3D Systems Corp.a,b		39,024		729,749
Apple Inc.		1,987,812		286,284,684
AstroNova Inc.		2,698		35,344
Avid Technology Inc.a,b		11,107		58,423
Concurrent Computer Corp.		3,190		21,501
CPI Card Group Inc.		6,246		17,801
Cray Inc.a		14,608		268,787
Crossroads Systems Inc.a		157		305
Diebold Nixdorf Inc.		27,176		760,928
Eastman Kodak Co.a,b		14,072		128,055
Electronics For Imaging Inc.a,b		17,505		829,387
Hewlett Packard Enterprise Co.		633,126		10,503,560
HP Inc.		652,210		11,400,631
Immersion Corp.a,b		10,536		95,667
Intevac Inc.a,b		7,676		85,204
ITUS Corp.a,b		4,820		5,543
NCR Corp.a		46,069		1,881,458
NetApp Inc.		102,128		4,090,226
Pure Storage Inc. Class Aa,b		25,218		323,042
Quantum Corp.a		12,488		97,531
Seagate Technology PLC		111,976		4,339,070
Super Micro Computer Inc.a		13,812		340,466
TransAct Technologies Inc.		3,336		28,356
USA Technologies Inc.a,b		13,671		71,089
Western Digital Corp.		110,692		9,807,311
Xerox Corp.		88,601		2,545,507
Xplore Technologies Corp.a		3,610		7,039
				334,756,664

79

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
TEXTILES, APPAREL & LUXURY GOODS — 0.70%
Carter’s Inc.		18,264	$	1,624,583
Charles & Colvard Ltd.a,b		10,279		9,457
Cherokee Inc.a		3,384		23,519
Coach Inc.		108,797		5,150,450
Columbia Sportswear Co.		10,532		611,488
Crocs Inc.a		27,698		213,552
Crown Crafts Inc.		3,503		24,171
Culp Inc.		13		423
Deckers Outdoor Corp.a		11,276		769,700
Delta Apparel Inc.a,b		2,880		63,878
Differential Brands Group Inc.a		239		478
Forward Industries Inc.a		4,114		4,361
Fossil Group Inc.a,b		10,226		105,839
G-III Apparel Group Ltd.a,b		14,537		362,698
Hanesbrands Inc.		142,289		3,295,413
Iconix Brand Group Inc.a,b		20,007		138,248
Kate Spade & Co.a		44,634		825,283
Lakeland Industries Inc.a		2,849		41,311
lululemon athletica Inc.a,b		41,212		2,459,120
Michael Kors Holdings Ltd.a		63,157		2,289,441
Movado Group Inc.		6,670		168,417
Naked Brand Group Inc.a,b		2,633		4,028
NIKE Inc. Class B		504,399		29,759,541
Oxford Industries Inc.		6,302		393,812
Perry Ellis International Inc.a		4,095		79,689
PVH Corp.		30,847		3,531,981
Ralph Lauren Corp.		21,171		1,562,420
Rocky Brands Inc.		3,254		43,766
Sequential Brands Group Inc.a,b		10,734		42,829
Skechers U.S.A. Inc. Class Aa		49,181		1,450,839
Steven Madden Ltd.a		20,874		833,916
Superior Uniform Group Inc.		3,313		74,046
Under Armour Inc. Class Aa,b		69,067		1,502,898
Under Armour Inc. Class Ca,b		69,425		1,399,608
Unifi Inc.a		6,173		190,128
Vera Bradley Inc.a,b		7,246		70,866
VF Corp.		121,230		6,982,848
Vince Holding Corp.a,b		7,835		3,688
Wolverine World Wide Inc.		38,221		1,070,570
				67,179,303
THRIFTS & MORTGAGE FINANCE — 0.21%
ASB Bancorp. Inc.a		817		35,907

Security	Shares		Value
Astoria Financial Corp.		34,794	$	701,099
Atlantic Coast Financial Corp.a		6,110		48,819
Bank Mutual Corp.		16,503		151,002
BankFinancial Corp.		29		433
Bear State Financial Inc.		4,240		40,110
Beneficial Bancorp. Inc.		28,482		427,230
BofI Holding Inc.a,b		21,016		498,500
Broadway Financial Corp./DEa,b		2,681		5,603
BSB Bancorp. Inc./MAa		3,377		98,777
Capitol Federal Financial Inc.		46,071		654,669
Central Federal Corp.a,b		7,060		14,685
Charter Financial Corp./MD		6,227		112,086
Citizens Community Bancorp. Inc./WI		799		11,170
Clifton Bancorp. Inc.		9,537		157,647
Coastway Bancorp. Inc.a		858		17,675
Dime Community Bancshares Inc.		30,258		593,057
Elmira Savings Bank		637		12,931
Entegra Financial Corp.a,b		2,595		59,036
Equitable Financial Corp.a		747		7,657
ESSA Bancorp. Inc.		3,491		51,388
Essent Group Ltd.a		33,813		1,255,815
Federal Agricultural Mortgage Corp. Class C		3,504		226,709
First Capital Inc.b		627		19,669
First Defiance Financial Corp.		3,474		183,010
Flagstar Bancorp. Inc.a		7,172		221,041
FS Bancorp. Inc.		626		27,938
Greene County Bancorp. Inc.		636		17,299
Guaranty Federal Bancshares Inc.		825		17,490
Hamilton Bancorp. Inc./MDa		790		11,850
Hingham Institution for Savings		262		47,666
HMN Financial Inc.a		848		15,222
Home Bancorp. Inc.		2,711		115,272
Home Federal Bancorp. Inc./LA		253		6,775
HomeStreet Inc.a		7,232		200,146
HopFed Bancorp. Inc.		2,792		41,070
IF Bancorp. Inc.		697		13,592
IMPAC Mortgage Holdings Inc.a		3,278		49,596
Jacksonville Bancorp. Inc./IL		232		7,248
Kearny Financial Corp./MD		38,078		565,458

80

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Kentucky First Federal Bancorp.		844	$	7,976
Lake Shore Bancorp. Inc.		652		10,360
LendingTree Inc.a		2,988		514,534
Magyar Bancorp. Inc.a		714		9,589
Malvern Bancorp. Inc.a,b		2,784		66,677
Meridian Bancorp. Inc.		18,108		306,025
Meta Financial Group Inc.		3,080		274,120
MGIC Investment Corp.a		128,728		1,441,754
MSB Financial Corp./MDa		650		11,408
Nationstar Mortgage Holdings Inc.a,b		24,468		437,733
New York Community Bancorp. Inc.		191,841		2,518,872
NMI Holdings Inc. Class Aa		20,103		230,179
Northfield Bancorp. Inc.		14,683		251,813
Northwest Bancshares Inc.		38,089		594,569
OceanFirst Financial Corp.		9,904		268,596
Oconee Federal Financial Corp.		212		5,891
Ocwen Financial Corp.a,b		44,968		120,964
Oritani Financial Corp.		13,951		237,865
Pathfinder Bancorp. Inc.		713		11,230
PB Bancorp Inc.		698		7,399
PHH Corp.a		16,923		233,030
Poage Bankshares Inc.b		661		12,691
Provident Bancorp. Inc.a		3,567		80,258
Provident Financial Holdings Inc.		2,863		55,113
Provident Financial Services Inc.		27,348		694,092
Prudential Bancorp. Inc.		3,314		60,182
Radian Group Inc.		79,860		1,305,711
Riverview Bancorp. Inc.		7,819		51,918
Security National Financial Corp. Class Aa		4,285		27,424
Severn Bancorp. Inc.a		3,374		24,630
SI Financial Group Inc.		3,754		60,439
Southern Missouri Bancorp. Inc.		2,703		87,199
Territorial Bancorp. Inc.		5,964		186,017
TFS Financial Corp.		24,496		378,953
Timberland Bancorp. Inc./WA		2,845		71,893
TrustCo Bank Corp. NY		35,068		271,777
United Community Bancorp.		811		15,896
United Community Financial Corp./OH		17,646		146,638

Security	Shares		Value
United Financial Bancorp. Inc.		18,082	$	301,789
Walker & Dunlop Inc.a		10,275		501,728
Walter Investment Management Corp.a,b		10,008		9,479
Washington Federal Inc.		34,692		1,151,774
Waterstone Financial Inc.		10,194		192,157
Wayne Savings Bancshares Inc.		682		11,921
Westbury Bancorp. Inc.a		777		15,820
Western New England Bancorp Inc.		9,799		99,460
Wolverine Bancorp. Inc.		283		11,362
WSFS Financial Corp.		10,401		471,685
WVS Financial Corp.		222		3,574
				20,604,511
TOBACCO — 1.52%
22nd Century Group Inc.a,b		20,675		36,181
Alliance One International Inc.a		3,426		49,334
Altria Group Inc.		737,857		54,948,211
Philip Morris International Inc.		592,728		69,615,904
Reynolds American Inc.		312,984		20,356,479
Universal Corp./VA		7,774		502,978
Vector Group Ltd.		35,133		749,036
				146,258,123
TRADING COMPANIES & DISTRIBUTORS — 0.32%
AeroCentury Corp.a		249		3,088
Air Lease Corp.		35,247		1,316,828
Aircastle Ltd.		23,655		514,496
Applied Industrial Technologies Inc.		14,423		851,678
Beacon Roofing Supply Inc.a		21,661		1,061,389
BlueLinx Holdings Inc.a		723		7,888
BMC Stock Holdings Inc.a		18,133		396,206
CAI International Inc.a		6,759		159,512
DXP Enterprises Inc./TXa		4,239		146,246
EnviroStar Inc.b		2,742		74,171
Fastenal Co.		108,318		4,715,083
GATX Corp.		16,516		1,061,483
General Finance Corp.a,b		4,308		22,186
GMS Inc.a		13,761		386,684
H&E Equipment Services Inc.		11,185		228,286
HD Supply Holdings Inc.a		73,459		2,250,049
Herc Holdings Inc.a,b		8,162		320,930
Houston Wire & Cable Co.		6,906		36,257

81

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Security	Shares		Value
Huttig Building Products Inc.a,b		6,668	$	46,743
Kaman Corp.		10,300		513,661
Lawson Products Inc./DEa,b		2,756		61,045
MRC Global Inc.a		37,987		627,545
MSC Industrial Direct Co. Inc. Class A		17,745		1,525,360
Neff Corp.a		3,716		70,604
Nexeo Solutions Inc.a		37,554		311,698
NOW Inc.a		41,040		659,923
Rush Enterprises Inc. Class Aa		10,324		383,846
Rush Enterprises Inc. Class Ba		3,489		127,034
SiteOne Landscape Supply Inc.a		13,874		722,280
Titan Machinery Inc.a,b		6,774		121,797
Transcat Inc.a		3,204		38,929
Triton International Ltd.		13,595		454,617
United Rentals Inc.a		31,733		3,576,626
Univar Inc.a,b		37,886		1,106,271
Veritiv Corp.a		3,319		149,355
Watsco Inc.		13,011		2,006,296
WESCO International Inc.a		16,675		955,478
Willis Lease Finance Corp.a,b		2,708		72,385
WW Grainger Inc.		21,052		3,800,518
				30,884,471
TRANSPORTATION INFRASTRUCTURE — 0.02%
Macquarie Infrastructure Corp.		30,362		2,380,381
				2,380,381
WATER UTILITIES — 0.10%
American States Water Co.		13,809		654,685
American Water Works Co. Inc.		66,435		5,178,608
Aqua America Inc.		66,333		2,208,889
Artesian Resources Corp. Class A		3,266		122,932
Cadiz Inc.a,b		6,861		92,624
California Water Service Group		17,823		655,886
Connecticut Water Service Inc.		3,963		219,986
Middlesex Water Co.		6,640		262,944
Pure Cycle Corp.a,b		6,725		52,119
SJW Group		6,713		330,145
York Water Co. (The)		4,258		148,391
				9,927,209
WIRELESS TELECOMMUNICATION SERVICES — 0.11%
Boingo Wireless Inc.a		13,191		197,337

Security	Shares		Value
NII Holdings Inc.a,b		38,108	$	30,639
Shenandoah Telecommunications Co.		17,231		528,992
Spok Holdings Inc.		6,482		114,732
Sprint Corp.a,b		246,997		2,027,845
T-Mobile U.S. Inc.a		111,378		6,751,734
Telephone & Data Systems Inc.		44,861		1,244,893
U.S. Cellular Corp.a		4,281		164,048
				11,060,220
TOTAL COMMON STOCKS
(Cost: $8,379,418,529)				9,623,653,233
WARRANTS — 0.00%
ENERGY EQUIPMENT & SERVICES — 0.00%
SAExploration Holdings Inc. (Expires 7/27/21)a		38		—
				—
OIL, GAS & CONSUMABLE FUELS — 0.00%
Bonanza Creek Energy Inc. (Expires 04/28/20)a,b		2,342		3,279
				3,279
TOTAL WARRANTS
(Cost: $0)				3,279
SHORT-TERM INVESTMENTS — 3.02%
MONEY MARKET FUNDS — 3.02%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%e,f,g		278,363,005		278,446,514
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%e,f		12,373,552		12,373,552
				290,820,066
TOTAL SHORT-TERM INVESTMENTS
(Cost: $290,793,242)				290,820,066

82

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 102.77%
(Cost: $8,670,211,771)h	$	9,914,476,578
Other Assets, Less Liabilities — (2.77)%		(266,923,875	)
NET ASSETS — 100.00%	$	9,647,552,703

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated issuer. See Schedule 1.

^d  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^e  Affiliated money market fund.

^f  The rate quoted is the annualized seven-day yield of the fund at period end.

^g  All or a portion of this security represents an investment of securities lending collateral.

^h  The cost of investments for federal income tax purposes was $8,755,853,069. Net unrealized appreciation was $1,158,623,509, of which $1,391,145,710 represented gross unrealized appreciation on securities and $232,522,201 represented gross unrealized depreciation on securities.

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		39,097		7,809		(767	)		46,139	$	19,489,575	$	105,663	$	153,680
PNC Financial Services Group Inc. (The)		160,422		30,349		(5,294	)		185,477		23,160,513		90,103		157,157
PennyMac Mortgage Investment Trust		15,837		—		—			15,837		289,659		7,443		—
										$	42,939,747	$	203,209	$	310,837

Schedule 2 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		154		Sep. 2017		Chicago Mercantile	$	18,713,876	$	18,640,930	$	(72,946	)
S&P MidCap 400 E-Mini		14		Sep. 2017		Chicago Mercantile		2,436,514		2,444,540		8,026
								Net unrealized depreciation			$	(64,920	)

83

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P TOTAL U.S. STOCK MARKET ETF

June 30, 2017

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2			Level 3		Total
Investments:
Assets:
Common stocks	$	9,623,597,858		$	2,253		$	53,122	$	9,623,653,233
Warrants		3,279			0	a		—		3,279
Money market funds		290,820,066			—			—		290,820,066
Total	$	9,914,421,203		$	2,253		$	53,122	$	9,914,476,578
Derivative financial instrumentsb:
Assets:
Futures contracts	$	8,026		$	—		$	—	$	8,026
Liabilities:
Futures contracts		(72,946	)		—			—		(72,946	)
Total	$	(64,920	)	$	—		$	—	$	(64,920	)

^a  Rounds to less than $1.

^b  Shown at the unrealized appreciation (depreciation) on the contracts.

84

Schedule of Investments (Unaudited)

iSHARES^® CORE S&P U.S. GROWTH ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.87%
AEROSPACE & DEFENSE — 2.60%
Boeing Co. (The)		73,708	$	14,575,757
Curtiss-Wright Corp.		8,809		808,490
General Dynamics Corp.		55,569		11,008,219
Huntington Ingalls Industries Inc.		9,056		1,685,865
L3 Technologies Inc.		6,819		1,139,318
Lockheed Martin Corp.		48,793		13,545,425
Northrop Grumman Corp.		34,230		8,787,183
Raytheon Co.		38,239		6,174,834
Rockwell Collins Inc.		20,087		2,110,742
Teledyne Technologies Inc.a		4,807		613,614
TransDigm Group Inc.b		9,629		2,588,949
				63,038,396
AIR FREIGHT & LOGISTICS — 1.14%
CH Robinson Worldwide Inc.		13,934		956,987
Expeditors International of Washington Inc.		22,507		1,271,195
FedEx Corp.		48,229		10,481,609
United Parcel Service Inc. Class B		135,014		14,931,198
				27,640,989
AIRLINES — 0.53%
Alaska Air Group Inc.		15,623		1,402,320
Southwest Airlines Co.		118,554		7,366,946
United Continental Holdings Inc.a		55,136		4,148,984
				12,918,250
AUTO COMPONENTS — 0.04%
Gentex Corp.		56,153		1,065,222
				1,065,222
AUTOMOBILES — 0.12%
Harley-Davidson Inc.		34,403		1,858,450
Thor Industries Inc.		9,345		976,739
				2,835,189
BANKS — 1.09%
Bank of Hawaii Corp.		5,981		496,244
Bank of the Ozarks Inc.		23,656		1,108,757
Chemical Financial Corp.		8,811		426,540
Citizens Financial Group Inc.		37,969		1,354,734
Comerica Inc.		19,273		1,411,554
Commerce Bancshares Inc./MO		17,227		979,010
Cullen/Frost Bankers Inc.		5,838		548,247
East West Bancorp. Inc.		18,230		1,067,913

Security	Shares		Value
First Horizon National Corp.		46,308	$	806,685
Fulton Financial Corp.		17,162		326,078
Home BancShares Inc./AR		24,763		616,599
International Bancshares Corp.		5,887		206,339
KeyCorp		105,543		1,977,876
MB Financial Inc.		8,046		354,346
Pinnacle Financial Partners Inc.		14,261		895,591
Signature Bank/New York NYa		7,018		1,007,294
SVB Financial Groupa		6,322		1,111,344
Synovus Financial Corp.		12,248		541,852
Texas Capital Bancshares Inc.a		6,524		504,958
Trustmark Corp.		5,936		190,902
U.S. Bancorp.		173,898		9,028,784
UMB Financial Corp.		5,956		445,866
United Bankshares Inc./WV		9,026		353,819
Webster Financial Corp.		11,845		618,546
				26,379,878
BEVERAGES — 1.95%
Boston Beer Co. Inc. (The) Class Aa,b		941		124,353
Brown-Forman Corp. Class B		20,923		1,016,858
Coca-Cola Co. (The)		384,455		17,242,807
Constellation Brands Inc. Class A		33,582		6,505,841
Dr Pepper Snapple Group Inc.		21,656		1,973,078
Monster Beverage Corp.a		47,409		2,355,279
PepsiCo Inc.		156,806		18,109,525
				47,327,741
BIOTECHNOLOGY — 4.47%
AbbVie Inc.		311,980		22,621,670
Alexion Pharmaceuticals Inc.a		44,021		5,356,035
Amgen Inc.		79,355		13,667,312
Biogen Inc.a		41,874		11,362,929
Bioverativ Inc.a		21,209		1,276,146
Celgene Corp.a		153,062		19,878,162
Dyax Corp.a,c		12,804		29,321
Gilead Sciences Inc.		256,163		18,131,217
Incyte Corp.a		33,283		4,190,662
Regeneron Pharmaceuticals Inc.a		14,936		7,335,667
United Therapeutics Corp.a		6,118		793,688
Vertex Pharmaceuticals Inc.a		27,866		3,591,091
				108,233,900
BUILDING PRODUCTS — 0.28%
Allegion PLC		11,915		966,545

85

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. GROWTH ETF

June 30, 2017

Security	Shares		Value
AO Smith Corp.		28,929	$	1,629,570
Fortune Brands Home & Security Inc.		21,496		1,402,399
Lennox International Inc.		7,566		1,389,420
Masco Corp.		38,927		1,487,401
				6,875,335
CAPITAL MARKETS — 2.36%
Ameriprise Financial Inc.		14,378		1,830,176
BlackRock Inc.d		11,634		4,914,318
CBOE Holdings Inc.		11,769		1,075,687
Charles Schwab Corp. (The)		238,542		10,247,764
CME Group Inc.		41,958		5,254,820
E*TRADE Financial Corp.a		54,195		2,061,036
Eaton Vance Corp. NVS		13,958		660,493
FactSet Research Systems Inc.		5,598		930,276
Federated Investors Inc. Class B NVS		4,852		137,069
Intercontinental Exchange Inc.		116,058		7,650,543
MarketAxess Holdings Inc.		7,389		1,485,928
Moody’s Corp.		32,536		3,958,980
MSCI Inc.		17,877		1,841,152
Nasdaq Inc.		10,257		733,273
Northern Trust Corp.		27,106		2,634,974
Raymond James Financial Inc.		13,930		1,117,465
S&P Global Inc.		50,506		7,373,371
SEI Investments Co.		15,904		855,317
T Rowe Price Group Inc.		30,736		2,280,918
				57,043,560
CHEMICALS — 1.69%
Air Products & Chemicals Inc.		24,371		3,486,515
Albemarle Corp.		21,791		2,299,822
Chemours Co. (The)		19,370		734,510
Ecolab Inc.		28,116		3,732,399
EI du Pont de Nemours & Co.		84,898		6,852,118
FMC Corp.		17,413		1,272,020
International Flavors & Fragrances Inc.		9,064		1,223,640
Minerals Technologies Inc.		6,897		504,860
Monsanto Co.		57,577		6,814,814
NewMarket Corp.		999		460,019
PPG Industries Inc.		26,595		2,924,386
Praxair Inc.		31,478		4,172,409
RPM International Inc.		16,261		887,038

Security	Shares		Value
Scotts Miracle-Gro Co. (The) Class A		8,523	$	762,468
Sensient Technologies Corp.		5,356		431,319
Sherwin-Williams Co. (The)		10,945		3,841,257
Valvoline Inc.		20,838		494,277
				40,893,871
COMMERCIAL SERVICES & SUPPLIES — 0.58%
Cintas Corp.		16,944		2,135,622
Copart Inc.a		39,924		1,269,184
Deluxe Corp.		6,419		444,323
HNI Corp.		4,933		196,678
MSA Safety Inc.		6,318		512,832
Republic Services Inc.		45,263		2,884,611
Rollins Inc.		18,911		769,867
Waste Management Inc.		79,551		5,835,066
				14,048,183
COMMUNICATIONS EQUIPMENT — 0.43%
ARRIS International PLCa		15,120		423,662
Brocade Communications Systems Inc.		52,112		657,132
F5 Networks Inc.a		12,793		1,625,479
Harris Corp.		23,982		2,615,957
InterDigital Inc./PA		6,860		530,278
Juniper Networks Inc.		42,284		1,178,878
Motorola Solutions Inc.		32,004		2,776,027
Plantronics Inc.		4,666		244,078
ViaSat Inc.a,b		6,848		453,338
				10,504,829
CONSTRUCTION & ENGINEERING — 0.10%
Dycom Industries Inc.a		3,173		284,047
EMCOR Group Inc.		5,419		354,294
Granite Construction Inc.		7,819		377,188
Quanta Services Inc.a		29,178		960,540
Valmont Industries Inc.		2,233		334,057
				2,310,126
CONSTRUCTION MATERIALS — 0.29%
Eagle Materials Inc.		9,609		888,064
Martin Marietta Materials Inc.		12,257		2,728,163
Vulcan Materials Co.		25,988		3,292,160
				6,908,387
CONSUMER FINANCE — 0.48%
American Express Co.		70,571		5,944,901

86

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. GROWTH ETF

June 30, 2017

Security	Shares		Value
Discover Financial Services		74,814	$	4,652,683
SLM Corp.a		85,271		980,616
				11,578,200
CONTAINERS & PACKAGING — 0.20%
AptarGroup Inc.		5,783		502,311
Avery Dennison Corp.		9,219		814,683
Packaging Corp. of America		18,609		2,072,857
Sealed Air Corp.		20,615		922,727
Sonoco Products Co.		10,201		524,536
				4,837,114
DISTRIBUTORS — 0.12%
LKQ Corp.a		60,831		2,004,381
Pool Corp.		8,028		943,852
				2,948,233
DIVERSIFIED CONSUMER SERVICES — 0.05%
Service Corp. International/U.S.		22,860		764,667
Sotheby’sa		8,960		480,883
				1,245,550
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.86%
Level 3 Communications Inc.a		32,410		1,921,913
Verizon Communications Inc.		423,863		18,929,722
				20,851,635
ELECTRIC UTILITIES — 0.33%
Alliant Energy Corp.		21,190		851,202
NextEra Energy Inc.		44,957		6,299,825
Westar Energy Inc.		16,990		900,810
				8,051,837
ELECTRICAL EQUIPMENT — 0.44%
Acuity Brands Inc.		8,635		1,755,323
Emerson Electric Co.		58,312		3,476,561
EnerSys		8,626		624,954
Hubbell Inc.		6,141		694,977
Rockwell Automation Inc.		25,225		4,085,441
				10,637,256
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.88%
Amphenol Corp. Class A		59,910		4,422,556
Belden Inc.		3,988		300,815
Cognex Corp.		17,123		1,453,743
Coherent Inc.a		4,885		1,099,076
Corning Inc.		180,183		5,414,499
FLIR Systems Inc.		19,012		658,956

Security	Shares		Value
IPG Photonics Corp.a		7,442	$	1,079,834
Keysight Technologies Inc.a		20,445		795,924
Littelfuse Inc.		4,449		734,085
National Instruments Corp.		9,917		398,862
TE Connectivity Ltd.		34,974		2,751,754
Trimble Inc.a		32,187		1,148,110
Zebra Technologies Corp. Class Aa,b		10,403		1,045,710
				21,303,924
ENERGY EQUIPMENT & SERVICES — 0.61%
Baker Hughes Inc.		35,895		1,956,636
Halliburton Co.		98,544		4,208,814
Patterson-UTI Energy Inc.		14,892		300,670
Schlumberger Ltd.		122,552		8,068,824
Superior Energy Services Inc.a		12,231		127,569
				14,662,513
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.26%
Alexandria Real Estate Equities Inc.		17,871		2,152,919
American Campus Communities Inc.		15,307		724,021
American Tower Corp.		83,328		11,025,961
Apartment Investment & Management Co. Class A		30,815		1,324,121
AvalonBay Communities Inc.		26,970		5,182,825
Boston Properties Inc.		19,685		2,421,649
Camden Property Trust		9,141		781,647
Corporate Office Properties Trust		13,674		479,000
Crown Castle International Corp.		46,769		4,685,318
CyrusOne Inc.		7,981		444,941
DCT Industrial Trust Inc.		18,094		966,943
Digital Realty Trust Inc.b		31,419		3,548,776
Douglas Emmett Inc.		28,990		1,107,708
Duke Realty Corp.		69,519		1,943,056
Education Realty Trust Inc.		14,203		550,366
EPR Properties		7,862		565,042
Equinix Inc.		15,318		6,573,873
Equity Residential		48,132		3,168,530
Essex Property Trust Inc.		6,810		1,752,009
Extra Space Storage Inc.b		24,878		1,940,484
Federal Realty Investment Trust		8,991		1,136,373
First Industrial Realty Trust Inc.		22,994		658,088

87

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. GROWTH ETF

June 30, 2017

Security	Shares		Value
GEO Group Inc. (The)		12,511	$	369,950
GGP Inc.		114,647		2,701,083
Healthcare Realty Trust Inc.		16,106		550,020
Highwoods Properties Inc.		11,794		598,074
Host Hotels & Resorts Inc.		145,018		2,649,479
Iron Mountain Inc.		27,370		940,433
Kilroy Realty Corp.		19,362		1,455,054
Kimco Realty Corp.		83,386		1,530,133
Lamar Advertising Co. Class Ab		16,292		1,198,602
Liberty Property Trust		29,011		1,181,038
Mack-Cali Realty Corp.		10,957		297,373
Mid-America Apartment Communities Inc.		13,719		1,445,708
National Retail Properties Inc.		17,019		665,443
Potlatch Corp.		5,022		229,505
Prologis Inc.		103,819		6,087,946
Public Storage		19,013		3,964,781
Rayonier Inc.b		11,004		316,585
Realty Income Corp.b		33,474		1,847,095
Regency Centers Corp.b		18,073		1,132,093
Simon Property Group Inc.		40,405		6,535,913
Tanger Factory Outlet Centers Inc.		12,868		334,311
Taubman Centers Inc.		6,678		397,675
UDR Inc.		52,407		2,042,301
Uniti Group Inc.a		31,349		788,114
Urban Edge Properties		12,632		299,757
Ventas Inc.		39,778		2,763,776
Vornado Realty Trust		16,927		1,589,445
Weingarten Realty Investors		23,286		700,909
Welltower Inc.		71,981		5,387,778
				103,134,024
FOOD & STAPLES RETAILING — 0.12%
Sprouts Farmers Market Inc.a		12,168		275,849
Sysco Corp.		50,989		2,566,276
				2,842,125
FOOD PRODUCTS — 0.58%
Campbell Soup Co.		23,216		1,210,715
General Mills Inc.		62,084		3,439,454
Hershey Co. (The)		27,547		2,957,721
Ingredion Inc.		6,557		781,660
Kellogg Co.		26,882		1,867,224
Lamb Weston Holdings Inc.		17,035		750,221

Security	Shares		Value
Lancaster Colony Corp.		3,873	$	474,907
McCormick & Co. Inc./MD NVS		14,261		1,390,590
Post Holdings Inc.a		13,034		1,012,090
Tootsie Roll Industries Inc.		2,079		72,453
				13,957,035
GAS UTILITIES — 0.07%
National Fuel Gas Co.		9,193		513,337
Southwest Gas Holdings Inc.		9,201		672,225
WGL Holdings Inc.		4,895		408,390
				1,593,952
HEALTH CARE EQUIPMENT & SUPPLIES — 2.75%
ABIOMED Inc.a		7,930		1,136,369
Align Technology Inc.a		14,815		2,224,028
Becton Dickinson and Co.		44,575		8,697,028
Boston Scientific Corp.a		268,336		7,438,274
Cooper Companies Inc. (The)		6,883		1,647,928
CR Bard Inc.		14,239		4,501,090
Danaher Corp.		63,665		5,372,689
Edwards Lifesciences Corp.a		41,099		4,859,546
Globus Medical Inc. Class Aa,b		6,847		226,978
Hill-Rom Holdings Inc.		7,342		584,497
Hologic Inc.a		32,861		1,491,232
IDEXX Laboratories Inc.a		17,368		2,803,543
Intuitive Surgical Inc.a		7,241		6,773,014
Masimo Corp.a		8,885		810,134
NuVasive Inc.a		9,888		760,585
ResMed Inc.		18,274		1,422,996
Stryker Corp.		60,785		8,435,742
Teleflex Inc.		5,165		1,073,080
Varian Medical Systems Inc.a,b		18,021		1,859,587
West Pharmaceutical Services Inc.		14,363		1,357,591
Zimmer Biomet Holdings Inc.		25,261		3,243,513
				66,719,444
HEALTH CARE PROVIDERS & SERVICES — 2.64%
Acadia Healthcare Co. Inc.a,b		2,991		147,696
Aetna Inc.		65,090		9,882,615
Envision Healthcare Corp.a		9,384		588,095
HCA Healthcare Inc.a,b		28,589		2,492,961
HealthSouth Corp.		17,741		858,664
Humana Inc.		28,300		6,809,546
Laboratory Corp. of America Holdingsa		10,778		1,661,321

88

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. GROWTH ETF

June 30, 2017

Security	Shares		Value
MEDNAX Inc.a		11,317	$	683,207
Quest Diagnostics Inc.		16,617		1,847,146
UnitedHealth Group Inc.		188,901		35,026,023
Universal Health Services Inc. Class B		7,994		975,907
VCA Inc.a		15,973		1,474,468
WellCare Health Plans Inc.a		8,675		1,557,683
				64,005,332
HEALTH CARE TECHNOLOGY — 0.19%
Cerner Corp.a,b		57,855		3,845,622
Medidata Solutions Inc.a		10,841		847,766
				4,693,388
HOTELS, RESTAURANTS & LEISURE — 2.55%
Brinker International Inc.		9,798		373,304
Buffalo Wild Wings Inc.a,b		1,998		253,147
Cheesecake Factory Inc. (The)		8,775		441,382
Chipotle Mexican Grill Inc.a,b		3,091		1,286,165
Churchill Downs Inc.		2,442		447,619
Cracker Barrel Old Country Store Inc.b		3,406		569,653
Darden Restaurants Inc.		24,562		2,221,387
Domino’s Pizza Inc.		9,408		1,990,074
Dunkin’ Brands Group Inc.		18,018		993,152
Hilton Worldwide Holdings Inc.		30,417		1,881,291
Jack in the Box Inc.		5,792		570,512
Marriott International Inc./MD Class A		60,870		6,105,870
McDonald’s Corp.		99,070		15,173,561
Panera Bread Co. Class Aa		4,195		1,319,915
Papa John’s International Inc.		5,054		362,675
Royal Caribbean Cruises Ltd.		16,842		1,839,652
Starbucks Corp.		283,898		16,554,092
Texas Roadhouse Inc.		12,843		654,351
Wendy’s Co. (The)		37,260		577,903
Wyndham Worldwide Corp.		13,698		1,375,416
Wynn Resorts Ltd.		15,566		2,087,712
Yum! Brands Inc.		64,768		4,777,288
				61,856,121
HOUSEHOLD DURABLES — 0.36%
Garmin Ltd.		22,358		1,140,929
Leggett & Platt Inc.		15,410		809,487
Mohawk Industries Inc.a		5,852		1,414,370
Newell Brands Inc.		57,912		3,105,241

Security	Shares		Value
NVR Inc.a		674	$	1,624,751
Tempur Sealy International Inc.a,b		5,289		282,380
Tupperware Brands Corp.		4,305		302,340
				8,679,498
HOUSEHOLD PRODUCTS — 1.53%
Church & Dwight Co. Inc.		31,873		1,653,571
Clorox Co. (The)		13,885		1,850,037
Colgate-Palmolive Co.		96,956		7,187,348
Energizer Holdings Inc.		7,705		369,994
Kimberly-Clark Corp.		36,177		4,670,813
Procter & Gamble Co. (The)		245,690		21,411,884
				37,143,647
INDUSTRIAL CONGLOMERATES — 2.22%
3M Co.		79,641		16,580,460
Carlisle Companies Inc.		12,590		1,201,086
General Electric Co.		802,413		21,673,175
Honeywell International Inc.		88,180		11,753,512
Roper Technologies Inc.		10,985		2,543,357
				53,751,590
INSURANCE — 0.80%
Aon PLC		51,349		6,826,850
Arthur J Gallagher & Co.		35,413		2,027,394
Brown & Brown Inc.		22,870		985,011
Cincinnati Financial Corp.		16,338		1,183,688
Marsh & McLennan Companies Inc.		101,027		7,876,065
Primerica Inc.		6,152		466,014
				19,365,022
INTERNET & DIRECT MARKETING RETAIL — 4.54%
Amazon.com Inc.a		77,753		75,264,904
Expedia Inc.		23,814		3,547,095
Netflix Inc.a		84,508		12,626,340
Priceline Group Inc. (The)a		9,629		18,011,237
TripAdvisor Inc.a,b		12,852		490,947
				109,940,523
INTERNET SOFTWARE & SERVICES — 7.67%
Akamai Technologies Inc.a		34,007		1,693,889
Alphabet Inc. Class Aa		58,357		54,253,336
Alphabet Inc. Class Ca		58,511		53,170,701
eBay Inc.a		77,406		2,703,017
Facebook Inc. Class Aa		463,414		69,966,246
j2 Global Inc.		9,378		797,974
LogMeIn Inc.		10,293		1,075,618

89

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. GROWTH ETF

June 30, 2017

Security	Shares		Value
VeriSign Inc.a,b		17,356	$	1,613,414
WebMD Health Corp.a,b		7,226		423,805
				185,698,000
IT SERVICES — 6.02%
Accenture PLC Class A		121,577		15,036,643
Acxiom Corp.a		7,031		182,665
Alliance Data Systems Corp.		6,581		1,689,277
Automatic Data Processing Inc.		87,689		8,984,615
Broadridge Financial Solutions Inc.		23,163		1,750,196
Cognizant Technology Solutions Corp. Class A		80,804		5,365,386
Convergys Corp.		8,303		197,445
CoreLogic Inc./U.S.a		16,927		734,293
CSRA Inc.		13,977		443,770
DXC Technology Co.		29,502		2,263,394
Fidelity National Information Services Inc.		64,981		5,549,378
Fiserv Inc.a		41,566		5,085,185
Gartner Inc.a		17,667		2,182,051
Global Payments Inc.		29,857		2,696,684
International Business Machines Corp.		95,549		14,698,303
Jack Henry & Associates Inc.		15,144		1,573,007
MasterCard Inc. Class A		183,867		22,330,647
MAXIMUS Inc.		12,899		807,864
Paychex Inc.		62,860		3,579,248
PayPal Holdings Inc.a		218,997		11,753,569
Sabre Corp.		19,235		418,746
Science Applications International Corp.		8,729		605,967
Total System Services Inc.		32,611		1,899,591
Visa Inc. Class A		361,953		33,943,952
Western Union Co. (The)		60,340		1,149,477
WEX Inc.a,b		7,513		783,381
				145,704,734
LEISURE PRODUCTS — 0.16%
Hasbro Inc.		21,985		2,451,547
Mattel Inc.		38,292		824,427
Polaris Industries Inc.		5,466		504,129
				3,780,103
LIFE SCIENCES TOOLS & SERVICES — 0.90%
Agilent Technologies Inc.		41,063		2,435,447

Security	Shares		Value
Bio-Rad Laboratories Inc. Class Aa		2,017	$	456,467
Bio-Techne Corp.		7,396		869,030
Charles River Laboratories International Inc.a		5,789		585,557
Illumina Inc.a		19,712		3,420,426
INC Research Holdings Inc. Class Aa		10,750		628,875
Mettler-Toledo International Inc.a		5,072		2,985,075
PAREXEL International Corp.a		4,968		431,769
Thermo Fisher Scientific Inc.		46,754		8,157,170
Waters Corp.a		10,419		1,915,429
				21,885,245
MACHINERY — 2.19%
Caterpillar Inc.		60,014		6,449,104
Crane Co.		9,974		791,736
Cummins Inc.		30,296		4,914,617
Deere & Co.		28,368		3,506,001
Donaldson Co. Inc.		17,952		817,534
Fortive Corp.		59,046		3,740,564
Graco Inc.		10,926		1,193,993
IDEX Corp.		14,958		1,690,404
Illinois Tool Works Inc.		60,949		8,730,944
Ingersoll-Rand PLC		50,122		4,580,650
Kennametal Inc.		7,187		268,938
Lincoln Electric Holdings Inc.		12,101		1,114,381
Nordson Corp.		10,534		1,277,985
Oshkosh Corp.		7,851		540,777
PACCAR Inc.		35,859		2,368,128
Parker-Hannifin Corp.		17,730		2,833,609
Snap-on Inc.		5,981		944,998
Stanley Black & Decker Inc.		14,380		2,023,697
Toro Co. (The)		21,200		1,468,948
Wabtec Corp./DE		11,116		1,017,114
Woodward Inc.		10,889		735,879
Xylem Inc./NY		35,199		1,951,081
				52,961,082
MEDIA — 4.26%
AMC Networks Inc. Class Aa		7,184		383,697
Cable One Inc.		917		651,895
CBS Corp. Class B NVS		72,097		4,598,347
Charter Communications Inc. Class Aa		42,291		14,245,723
Cinemark Holdings Inc.		11,982		465,501

90

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. GROWTH ETF

June 30, 2017

Security	Shares		Value
Comcast Corp. Class A		927,815	$	36,110,560
Discovery Communications Inc. Class Aa,b		30,239		781,073
Discovery Communications Inc. Class C NVSa		41,153		1,037,467
DISH Network Corp. Class Aa		25,602		1,606,782
Interpublic Group of Companies Inc. (The)		42,988		1,057,505
John Wiley & Sons Inc. Class A		4,119		217,277
Live Nation Entertainment Inc.a		13,763		479,641
Meredith Corp.		3,715		220,857
Omnicom Group Inc.		33,042		2,739,182
Scripps Networks Interactive Inc. Class A		18,831		1,286,346
Time Warner Inc.		152,025		15,264,830
Twenty-First Century Fox Inc. Class A NVS		99,420		2,817,563
Twenty-First Century Fox Inc. Class B		45,989		1,281,713
Walt Disney Co. (The)		168,256		17,877,200
				103,123,159
METALS & MINING — 0.44%
Compass Minerals International Inc.		3,019		197,141
Freeport-McMoRan Inc.a		159,772		1,918,862
Newmont Mining Corp.		104,336		3,379,443
Nucor Corp.		37,016		2,142,116
Royal Gold Inc.		12,951		1,012,380
Steel Dynamics Inc.		32,171		1,152,043
U.S. Steel Corp.		17,117		378,970
Worthington Industries Inc.		8,789		441,384
				10,622,339
MULTI-UTILITIES — 0.38%
Black Hills Corp.		6,201		418,381
CenterPoint Energy Inc.		48,899		1,338,855
Dominion Energy Inc.		58,068		4,449,751
MDU Resources Group Inc.		38,103		998,298
WEC Energy Group Inc.		32,147		1,973,183
				9,178,468
MULTILINE RETAIL — 0.28%
Dollar General Corp.		49,658		3,579,845
Dollar Tree Inc.a		46,545		3,254,427
				6,834,272

Security	Shares		Value
OIL, GAS & CONSUMABLE FUELS — 1.51%
Anadarko Petroleum Corp.		55,003	$	2,493,836
Apache Corp.		47,935		2,297,525
Cabot Oil & Gas Corp.		43,758		1,097,451
Chesapeake Energy Corp.a,b		68,392		339,908
Cimarex Energy Co.		10,475		984,755
Concho Resources Inc.a		15,642		1,900,972
Devon Energy Corp.		57,108		1,825,743
Energen Corp.a		8,076		398,712
EOG Resources Inc.		58,843		5,326,468
EQT Corp.b		20,258		1,186,916
Gulfport Energy Corp.a		18,105		267,049
Matador Resources Co.a		8,513		181,923
Murphy Oil Corp.		32,172		824,568
Newfield Exploration Co.a,b		26,030		740,814
Noble Energy Inc.		37,495		1,061,108
Occidental Petroleum Corp.		64,464		3,859,460
ONEOK Inc.		52,018		2,713,259
Pioneer Natural Resources Co.b		33,448		5,337,632
QEP Resources Inc.a		18,095		182,759
Range Resources Corp.		14,137		327,554
SM Energy Co.		9,141		151,101
Southwestern Energy Co.a		55,312		336,297
Williams Companies Inc. (The)		73,236		2,217,586
WPX Energy Inc.a,b		41,113		397,152
				36,450,548
PERSONAL PRODUCTS — 0.15%
Coty Inc. Class A		38,969		731,059
Estee Lauder Companies Inc. (The) Class A		25,529		2,450,273
Nu Skin Enterprises Inc. Class A		6,963		437,555
				3,618,887
PHARMACEUTICALS — 4.54%
Akorn Inc.a		16,933		567,933
Bristol-Myers Squibb Co.		177,648		9,898,547
Catalent Inc.a		10,559		370,621
Eli Lilly & Co.		83,735		6,891,391
Johnson & Johnson		322,132		42,614,842
Merck & Co. Inc.		332,445		21,306,400
Pfizer Inc.		655,172		22,007,227
Prestige Brands Holdings Inc.a,b		5,843		308,569
Zoetis Inc.		96,166		5,998,835
				109,964,365

91

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. GROWTH ETF

June 30, 2017

Security	Shares		Value
PROFESSIONAL SERVICES — 0.36%
Dun & Bradstreet Corp. (The)		7,084	$	766,135
Equifax Inc.		23,596		3,242,562
IHS Markit Ltd.a		17,414		766,913
Nielsen Holdings PLC		36,258		1,401,734
Verisk Analytics Inc. Class Aa		30,286		2,555,230
				8,732,574
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.05%
Alexander & Baldwin Inc.		4,835		200,072
CBRE Group Inc. Class Aa		25,961		944,981
				1,145,053
ROAD & RAIL — 0.93%
Avis Budget Group Inc.a		17,054		465,063
CSX Corp.		113,942		6,216,675
Genesee & Wyoming Inc. Class Aa		5,863		400,971
JB Hunt Transport Services Inc.		16,812		1,536,280
Landstar System Inc.		8,190		701,064
Old Dominion Freight Line Inc.		13,518		1,287,454
Union Pacific Corp.		109,227		11,895,913
				22,503,420
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 4.91%
Advanced Micro Devices Inc.a,b		151,560		1,891,469
Analog Devices Inc.		72,143		5,612,725
Applied Materials Inc.		210,690		8,703,604
Broadcom Ltd.		78,661		18,331,946
Cirrus Logic Inc.a		12,813		803,631
Cypress Semiconductor Corp.		26,961		368,018
Integrated Device Technology Inc.a		26,230		676,472
Intel Corp.		443,133		14,951,307
KLA-Tencor Corp.		30,623		2,802,311
Lam Research Corp.		31,558		4,463,248
Microchip Technology Inc.		45,017		3,474,412
Microsemi Corp.a		22,845		1,069,146
Monolithic Power Systems Inc.		7,343		707,865
NVIDIA Corp.		116,663		16,864,803
QUALCOMM Inc.		289,642		15,994,031
Silicon Laboratories Inc.a		8,439		576,806
Skyworks Solutions Inc.		36,252		3,478,379
Teradyne Inc.		22,116		664,144
Texas Instruments Inc.		195,316		15,025,660

Security	Shares		Value
Versum Materials Inc.		13,072	$	424,840
Xilinx Inc.		31,507		2,026,530
				118,911,347
SOFTWARE — 7.93%
ACI Worldwide Inc.a		11,166		249,783
Activision Blizzard Inc.		135,905		7,824,051
Adobe Systems Inc.a		96,967		13,715,012
ANSYS Inc.a		10,505		1,278,248
Autodesk Inc.a		25,049		2,525,440
Blackbaud Inc.		9,412		807,079
Cadence Design Systems Inc.a		39,868		1,335,179
CDK Global Inc.		28,368		1,760,518
Citrix Systems Inc.a		29,784		2,370,211
CommVault Systems Inc.a		8,085		456,398
Electronic Arts Inc.a		60,698		6,416,993
Fair Isaac Corp.		6,009		837,715
Fortinet Inc.a		29,224		1,094,147
Intuit Inc.		47,644		6,327,600
Manhattan Associates Inc.a		9,088		436,769
Microsoft Corp.		1,513,539		104,328,243
Oracle Corp.		341,535		17,124,565
PTC Inc.a		15,917		877,345
Red Hat Inc.a		34,847		3,336,600
salesforce.com Inc.a		131,073		11,350,922
Symantec Corp.		58,398		1,649,744
Synopsys Inc.a		29,423		2,145,819
Take-Two Interactive Software Inc.a,b		20,415		1,498,053
Tyler Technologies Inc.a		6,580		1,155,909
Ultimate Software Group Inc. (The)a		5,787		1,215,617
				192,117,960
SPECIALTY RETAIL — 3.21%
Advance Auto Parts Inc.		14,557		1,697,201
AutoZone Inc.a,b		5,492		3,132,966
Best Buy Co. Inc.		20,731		1,188,508
Cabela’s Inc.a		5,668		336,792
CarMax Inc.a,b		16,331		1,029,833
Chico’s FAS Inc.		11,254		106,013
Dick’s Sporting Goods Inc.		17,108		681,412
Foot Locker Inc.		15,995		788,234
Home Depot Inc. (The)		234,375		35,953,125
L Brands Inc.		22,156		1,193,987

92

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. GROWTH ETF

June 30, 2017

Security	Shares		Value
Lowe’s Companies Inc.		107,676	$	8,348,120
Michaels Companies Inc. (The)a		10,981		203,368
O’Reilly Automotive Inc.a,b		17,904		3,916,321
Ross Stores Inc.		76,759		4,431,297
Sally Beauty Holdings Inc.a,b		15,208		307,962
Tiffany & Co.		10,774		1,011,355
TJX Companies Inc. (The)		126,098		9,100,493
Tractor Supply Co.		14,300		775,203
Ulta Salon Cosmetics & Fragrance Inc.a		11,456		3,291,767
Urban Outfitters Inc.a,b		17,079		316,645
				77,810,602
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 6.19%
3D Systems Corp.a		15,277		285,680
Apple Inc.		1,022,102		147,203,130
NCR Corp.a		23,891		975,708
NetApp Inc.		33,042		1,323,332
				149,787,850
TEXTILES, APPAREL & LUXURY GOODS — 0.65%
Carter’s Inc.		9,642		857,656
Coach Inc.		27,827		1,317,330
Deckers Outdoor Corp.a		3,079		210,173
Hanesbrands Inc.		37,288		863,590
Kate Spade & Co.a		25,560		472,604
Michael Kors Holdings Ltd.a		30,709		1,113,201
NIKE Inc. Class B		148,074		8,736,366
Skechers U.S.A. Inc. Class Aa		25,959		765,791
Under Armour Inc. Class Aa,b		35,918		781,576
Under Armour Inc. Class Ca,b		36,171		729,207
				15,847,494
THRIFTS & MORTGAGE FINANCE — 0.02%
Washington Federal Inc.		17,881		593,649
				593,649
TOBACCO — 2.41%
Altria Group Inc.		378,687		28,200,821
Philip Morris International Inc.		167,476		19,670,056
Reynolds American Inc.		162,215		10,550,464
				58,421,341
TRADING COMPANIES & DISTRIBUTORS — 0.32%
Fastenal Co.		56,994		2,480,949
GATX Corp.		3,278		210,677

Security	Shares		Value
MSC Industrial Direct Co. Inc. Class A		8,884	$	763,669
United Rentals Inc.a		16,617		1,872,902
Watsco Inc.		3,597		554,657
WW Grainger Inc.		10,580		1,910,007
				7,792,861
WATER UTILITIES — 0.14%
American Water Works Co. Inc.		35,050		2,732,147
Aqua America Inc.		18,226		606,926
				3,339,073
TOTAL COMMON STOCKS
(Cost: $2,247,387,852)				2,418,646,245
SHORT-TERM INVESTMENTS — 1.38%
MONEY MARKET FUNDS — 1.38%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%e,f,g		30,742,814		30,752,036
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%e,f		2,814,138		2,814,138
				33,566,174
TOTAL SHORT-TERM INVESTMENTS
(Cost: $33,568,928)				33,566,174
TOTAL INVESTMENTS IN SECURITIES — 101.25% (Cost: $2,280,956,780)h				2,452,212,419
Other Assets, Less Liabilities — (1.25)%				(30,381,789	)
NET ASSETS — 100.00%			$	2,421,830,630

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^d  Affiliated issuer. See Schedule 1.

^e  Affiliated money market fund.

^f  The rate quoted is the annualized seven-day yield of the fund at period end.

^g  All or a portion of this security represents an investment of securities lending collateral.

^h  The cost of investments for federal income tax purposes was $2,284,073,504. Net unrealized appreciation was $168,138,915, of which $209,955,604 represented gross unrealized appreciation on securities and $41,816,689 represented gross unrealized depreciation on securities.

93

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. GROWTH ETF

June 30, 2017

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		8,340		4,068		(774	)		11,634	$	4,914,318	$	28,560	$	23,871

Schedule 2 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		23		Sep. 2017		Chicago Mercantile	$	2,793,085	$	2,784,035	$	(9,050	)

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	2,418,616,924		$	—	$	29,321	$	2,418,646,245
Money market funds		33,566,174			—		—		33,566,174
Total	$	2,452,183,098		$	—	$	29,321	$	2,452,212,419
Derivative financial instrumentsa:
Liabilities:
Futures contracts	$	(9,050	)	$	—	$	—	$	(9,050	)
Total	$	(9,050	)	$	—	$	—	$	(9,050	)

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

94

Schedule of Investments (Unaudited)

iSHARES^® CORE S&P U.S. VALUE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.74%
AEROSPACE & DEFENSE — 1.90%
Arconic Inc.		94,975	$	2,151,184
Boeing Co. (The)		39,923		7,894,773
Esterline Technologies Corp.a		6,585		624,258
KLX Inc.a		11,211		560,550
L3 Technologies Inc.		9,234		1,542,817
Orbital ATK Inc.		12,546		1,234,024
Raytheon Co.		20,695		3,341,829
Rockwell Collins Inc.		12,945		1,360,261
Teledyne Technologies Inc.a		2,450		312,742
Textron Inc.		57,620		2,713,902
United Technologies Corp.		160,577		19,608,057
				41,344,397
AIR FREIGHT & LOGISTICS — 0.08%
CH Robinson Worldwide Inc.		15,178		1,042,425
Expeditors International of Washington Inc.		14,594		824,269
				1,866,694
AIRLINES — 0.75%
Alaska Air Group Inc.		9,630		864,389
American Airlines Group Inc.		106,150		5,341,468
Delta Air Lines Inc.		158,606		8,523,486
JetBlue Airways Corp.a		72,483		1,654,787
				16,384,130
AUTO COMPONENTS — 0.45%
BorgWarner Inc.		42,986		1,820,887
Cooper Tire & Rubber Co.		11,767		424,789
Dana Inc.		31,689		707,615
Delphi Automotive PLC		57,722		5,059,333
Goodyear Tire & Rubber Co. (The)		54,682		1,911,683
				9,924,307
AUTOMOBILES — 0.91%
Ford Motor Co.		842,823		9,431,189
General Motors Co.		295,928		10,336,765
				19,767,954
BANKS — 13.36%
Associated Banc-Corp.		33,435		842,562
BancorpSouth Inc.		18,018		549,549
Bank of America Corp.		2,144,548		52,026,734
Bank of Hawaii Corp.		2,823		234,224

Security	Shares		Value
BB&T Corp.		174,839	$	7,939,439
Cathay General Bancorp.		16,327		619,610
Chemical Financial Corp.		5,902		285,716
Citigroup Inc.		593,302		39,680,038
Citizens Financial Group Inc.		68,173		2,432,413
Comerica Inc.		17,307		1,267,565
Cullen/Frost Bankers Inc.		6,028		566,089
East West Bancorp. Inc.		11,255		659,318
F.N.B. Corp.		70,004		991,257
Fifth Third Bancorp.		161,542		4,193,630
Fulton Financial Corp.		19,474		370,006
Hancock Holding Co.		18,246		894,054
Huntington Bancshares Inc./OH		235,532		3,184,393
International Bancshares Corp.		6,728		235,816
JPMorgan Chase & Co.		765,593		69,975,200
KeyCorp		120,933		2,266,284
M&T Bank Corp.		33,161		5,370,424
MB Financial Inc.		6,889		303,392
PacWest Bancorp.		25,947		1,211,725
People’s United Financial Inc.		74,717		1,319,502
PNC Financial Services Group Inc. (The)b		104,279		13,021,319
Premier Financial Bancorp. Inc.		1		12
Prosperity Bancshares Inc.		15,146		972,979
Regions Financial Corp.		259,012		3,791,936
Signature Bank/New York NYa		3,941		565,652
SunTrust Banks Inc.		104,189		5,909,600
SVB Financial Groupa		4,388		771,366
Synovus Financial Corp.		13,143		581,446
TCF Financial Corp.		37,908		604,254
Texas Capital Bancshares Inc.a		3,812		295,049
Trustmark Corp.		7,856		252,649
U.S. Bancorp.		150,200		7,798,384
UMB Financial Corp.		3,016		225,778
Umpqua Holdings Corp.		48,096		883,043
United Bankshares Inc./WV		13,077		512,618
Valley National Bancorp.		56,515		667,442
WashingtonFirst Bankshares Inc.		1		29
Webster Financial Corp.		7,502		391,754
Wells Fargo & Co.		969,188		53,702,707
Wintrust Financial Corp.		12,225		934,479
Zions BanCorp.		43,869		1,926,288
				291,227,724

95

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. VALUE ETF

June 30, 2017

Security	Shares		Value
BEVERAGES — 1.90%
Boston Beer Co. Inc. (The) Class Aa,c		955	$	126,203
Brown-Forman Corp. Class B		15,174		737,456
Coca-Cola Co. (The)		406,023		18,210,131
Dr Pepper Snapple Group Inc.		15,853		1,444,367
Molson Coors Brewing Co. Class B		39,967		3,450,751
Monster Beverage Corp.a		34,904		1,734,031
PepsiCo Inc.		135,442		15,642,197
				41,345,136
BIOTECHNOLOGY — 0.72%
Amgen Inc.		71,356		12,289,644
United Therapeutics Corp.a		2,883		374,011
Vertex Pharmaceuticals Inc.a		23,079		2,974,191
				15,637,846
BUILDING PRODUCTS — 0.51%
Allegion PLC		7,530		610,833
Fortune Brands Home & Security Inc.		9,857		643,071
Johnson Controls International PLC		202,152		8,765,311
Masco Corp.		26,559		1,014,819
				11,034,034
CAPITAL MARKETS — 3.62%
Affiliated Managers Group Inc.		12,263		2,033,941
Ameriprise Financial Inc.		17,199		2,189,261
Bank of New York Mellon Corp. (The)		224,088		11,432,970
BlackRock Inc.b		13,323		5,627,768
CBOE Holdings Inc.		7,045		643,913
CME Group Inc.		27,067		3,389,871
Eaton Vance Corp. NVS		9,743		461,039
FactSet Research Systems Inc.		2,470		410,465
Franklin Resources Inc.		73,783		3,304,741
Goldman Sachs Group Inc. (The)		78,885		17,504,582
Invesco Ltd.		88,039		3,098,092
Janus Henderson Group PLCa,c		39,319		1,301,852
Legg Mason Inc.		18,621		710,577
Morgan Stanley		306,938		13,677,157
Nasdaq Inc.		13,411		958,752
Northern Trust Corp.		16,844		1,637,405
Raymond James Financial Inc.		12,584		1,009,489

Security	Shares		Value
SEI Investments Co.		11,182	$	601,368
State Street Corp.		76,209		6,838,234
Stifel Financial Corp.a		14,776		679,400
T Rowe Price Group Inc.		18,195		1,350,251
				78,861,128
CHEMICALS — 2.78%
Air Products & Chemicals Inc.		20,182		2,887,237
Ashland Global Holdings Inc.		13,416		884,249
Cabot Corp.		13,782		736,372
CF Industries Holdings Inc.		50,417		1,409,659
Chemours Co. (The)		18,601		705,350
Dow Chemical Co. (The)		242,206		15,275,932
Eastman Chemical Co.		31,587		2,652,992
Ecolab Inc.		25,308		3,359,637
EI du Pont de Nemours & Co.		93,418		7,539,767
FMC Corp.		10,005		730,865
International Flavors & Fragrances Inc.		7,152		965,520
LyondellBasell Industries NV Class A		71,176		6,006,543
Monsanto Co.		31,343		3,709,758
Mosaic Co. (The)		76,235		1,740,445
NewMarket Corp.		905		416,734
Olin Corp.		35,855		1,085,689
PolyOne Corp.		17,967		696,042
PPG Industries Inc.		26,091		2,868,966
Praxair Inc.		27,239		3,610,530
RPM International Inc.		10,977		598,795
Sensient Technologies Corp.		3,834		308,752
Sherwin-Williams Co. (The)		5,426		1,904,309
Valvoline Inc.		21,128		501,156
				60,595,299
COMMERCIAL SERVICES & SUPPLIES — 0.16%
Clean Harbors Inc.a		11,484		641,152
Deluxe Corp.		3,784		261,928
Herman Miller Inc.		12,795		388,968
HNI Corp.		4,125		164,464
Pitney Bowes Inc.		38,746		585,064
Stericycle Inc.a		18,527		1,413,981
				3,455,557
COMMUNICATIONS EQUIPMENT — 1.73%
ARRIS International PLCa,c		24,009		672,732

96

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. VALUE ETF

June 30, 2017

Security	Shares		Value
Brocade Communications Systems Inc.		31,471	$	396,849
Ciena Corp.a		30,782		770,166
Cisco Systems Inc.		1,077,473		33,724,905
Juniper Networks Inc.		36,794		1,025,817
NetScout Systems Inc.a		20,226		695,774
Plantronics Inc.		2,364		123,661
ViaSat Inc.a,c		4,142		274,200
				37,684,104
CONSTRUCTION & ENGINEERING — 0.25%
AECOMa,c		34,028		1,100,125
Dycom Industries Inc.a		3,356		300,429
EMCOR Group Inc.		6,758		441,838
Fluor Corp.		30,488		1,395,741
Jacobs Engineering Group Inc.		25,899		1,408,646
KBR Inc.		31,658		481,835
Valmont Industries Inc.		2,420		362,032
				5,490,646
CONSUMER FINANCE — 0.99%
American Express Co.		84,125		7,086,690
Capital One Financial Corp.		104,082		8,599,255
Navient Corp.		61,183		1,018,697
Synchrony Financial		165,969		4,949,195
				21,653,837
CONTAINERS & PACKAGING — 0.77%
AptarGroup Inc.		7,233		628,258
Avery Dennison Corp.		8,943		790,293
Ball Corp.		75,446		3,184,576
Bemis Co. Inc.		19,815		916,444
Greif Inc. Class A NVS		5,838		325,644
International Paper Co.		88,972		5,036,705
Owens-Illinois Inc.a		34,909		835,023
Sealed Air Corp.		19,812		886,785
Silgan Holdings Inc.		16,671		529,804
Sonoco Products Co.		10,420		535,796
WestRock Co.		54,337		3,078,735
				16,748,063
DISTRIBUTORS — 0.14%
Genuine Parts Co.		31,932		2,962,012
				2,962,012
DIVERSIFIED CONSUMER SERVICES — 0.14%
Adtalem Global Education Inc.		12,179		462,193

Security	Shares		Value
Graham Holdings Co. Class B		1,027	$	615,840
H&R Block Inc.		45,158		1,395,834
Service Corp. International/U.S.		15,471		517,505
				2,991,372
DIVERSIFIED FINANCIAL SERVICES — 3.26%
Berkshire Hathaway Inc. Class Ba		409,320		69,326,529
Leucadia National Corp.		69,795		1,825,837
				71,152,366
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.36%
AT&T Inc.		1,324,848		49,986,515
CenturyLink Inc.		118,775		2,836,347
Frontier Communications Corp.c		258,767		300,170
Level 3 Communications Inc.a		27,687		1,641,839
Verizon Communications Inc.		413,169		18,452,127
				73,216,998
ELECTRIC UTILITIES — 4.00%
Alliant Energy Corp.		26,241		1,054,101
American Electric Power Co. Inc.		105,962		7,361,180
Duke Energy Corp.		150,816		12,606,709
Edison International		70,208		5,489,564
Entergy Corp.		38,835		2,981,363
Eversource Energy		68,256		4,143,822
Exelon Corp.		199,564		7,198,274
FirstEnergy Corp.		96,032		2,800,293
Great Plains Energy Inc.		46,782		1,369,777
Hawaiian Electric Industries Inc.		23,813		771,065
IDACORP Inc.		10,847		925,791
NextEra Energy Inc.		51,449		7,209,548
OGE Energy Corp.		43,001		1,496,005
PG&E Corp.		110,039		7,303,288
Pinnacle West Capital Corp.		24,207		2,061,468
PNM Resources Inc.		17,612		673,659
PPL Corp.		147,220		5,691,525
Southern Co. (The)		214,321		10,261,690
Westar Energy Inc.		12,260		650,025
Xcel Energy Inc.		109,420		5,020,190
				87,069,337
ELECTRICAL EQUIPMENT — 0.75%
AMETEK Inc.		49,809		3,016,931
Eaton Corp. PLC		96,395		7,502,423
Emerson Electric Co.		74,960		4,469,115
Hubbell Inc.		4,318		488,668
Regal Beloit Corp.		9,701		791,117
				16,268,254

97

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. VALUE ETF

June 30, 2017

Security	Shares		Value
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.55%
Arrow Electronics Inc.a		19,342	$	1,516,800
Avnet Inc.		27,103		1,053,765
Belden Inc.		4,552		343,357
FLIR Systems Inc.		9,230		319,912
Jabil Inc.		39,457		1,151,750
Keysight Technologies Inc.a		17,464		679,873
Knowles Corp.a,c		20,068		339,550
National Instruments Corp.		11,588		466,069
SYNNEX Corp.		6,257		750,590
TE Connectivity Ltd.		38,258		3,010,139
Tech Data Corp.a		7,588		766,388
Trimble Inc.a		19,495		695,387
VeriFone Systems Inc.a		25,036		453,152
Vishay Intertechnology Inc.		29,826		495,112
				12,041,844
ENERGY EQUIPMENT & SERVICES — 1.27%
Baker Hughes Inc.		52,507		2,862,157
Diamond Offshore Drilling Inc.a,c		14,747		159,710
Dril-Quip Inc.a,c		8,385		409,188
Ensco PLC Class A		66,912		345,266
Halliburton Co.		78,880		3,368,965
Helmerich & Payne Inc.		23,641		1,284,652
Nabors Industries Ltd.		61,377		499,609
National Oilwell Varco Inc.		82,325		2,711,785
Oceaneering International Inc.		21,568		492,613
Oil States International Inc.a		11,777		319,745
Patterson-UTI Energy Inc.		19,704		397,824
Rowan Companies PLC Class Aa		28,095		287,693
Schlumberger Ltd.		164,675		10,842,202
Superior Energy Services Inc.a,c		20,490		213,711
TechnipFMC PLCa		100,540		2,734,688
Transocean Ltd.a		84,676		696,883
				27,626,691
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.22%
American Campus Communities Inc.		11,874		561,640
Boston Properties Inc.		11,711		1,440,687
Camden Property Trust		8,841		755,994
Care Capital Properties Inc.		17,530		468,051
CoreCivic Inc.		25,697		708,723

Security	Shares		Value
Corporate Office Properties Trust		6,784	$	237,644
Cousins Properties Inc.		91,942		808,170
Crown Castle International Corp.		27,722		2,777,190
CyrusOne Inc.c		8,379		467,129
EPR Properties		5,355		384,864
Equity Residential		26,274		1,729,617
Essex Property Trust Inc.		6,648		1,710,331
Federal Realty Investment Trust		5,821		735,716
GEO Group Inc. (The)		13,358		394,996
HCP Inc.		100,891		3,224,476
Healthcare Realty Trust Inc.		7,465		254,930
Highwoods Properties Inc.		9,343		473,784
Hospitality Properties Trust		21,331		621,799
Iron Mountain Inc.c		23,130		794,747
LaSalle Hotel Properties		24,812		739,398
Life Storage Inc.c		10,024		742,778
Macerich Co. (The)c		25,930		1,505,496
Mack-Cali Realty Corp.		7,502		203,604
Medical Properties Trust Inc.		78,751		1,013,525
Mid-America Apartment Communities Inc.		9,685		1,020,605
National Retail Properties Inc.		13,566		530,431
Omega Healthcare Investors Inc.c		42,418		1,400,642
Potlatch Corp.		2,909		132,941
Public Storage		11,320		2,360,560
Quality Care Properties Inc.a		19,985		365,925
Rayonier Inc.		15,210		437,592
Realty Income Corp.c		22,526		1,242,985
Regency Centers Corp.		11,830		741,031
Senior Housing Properties Trust		39,391		805,152
Simon Property Group Inc.		22,853		3,696,701
SL Green Realty Corp.		22,033		2,331,091
Tanger Factory Outlet Centers Inc.c		6,923		179,860
Taubman Centers Inc.		5,863		349,142
Urban Edge Properties		7,740		183,670
Ventas Inc.		33,037		2,295,411
Vornado Realty Trust		18,565		1,743,254
Washington Prime Group Inc.		42,061		352,051
Weyerhaeuser Co.		161,896		5,423,516
				48,347,849
FOOD & STAPLES RETAILING — 3.80%
Casey’s General Stores Inc.		8,445		904,544

98

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. VALUE ETF

June 30, 2017

Security	Shares		Value
Costco Wholesale Corp.		94,507	$	15,114,505
CVS Health Corp.		219,536		17,663,867
Kroger Co. (The)		196,653		4,585,948
Sprouts Farmers Market Inc.a		14,595		330,869
Sysco Corp.		49,840		2,508,447
United Natural Foods Inc.a		10,806		396,580
Wal-Mart Stores Inc.		318,307		24,089,474
Walgreens Boots Alliance Inc.		184,020		14,410,606
Whole Foods Market Inc.		69,168		2,912,664
				82,917,504
FOOD PRODUCTS — 2.47%
Archer-Daniels-Midland Co.		122,978		5,088,830
Campbell Soup Co.		16,422		856,407
Conagra Brands Inc.		87,549		3,130,752
Dean Foods Co.		20,419		347,123
Flowers Foods Inc.		40,291		697,437
General Mills Inc.		55,803		3,091,486
Hain Celestial Group Inc. (The)a,c		22,812		885,562
Hormel Foods Corp.		58,576		1,998,027
Ingredion Inc.		8,271		985,986
JM Smucker Co. (The)		25,204		2,982,389
Kellogg Co.		24,999		1,736,431
Kraft Heinz Co. (The)		128,568		11,010,564
Lamb Weston Holdings Inc.		11,317		498,401
McCormick & Co. Inc./MD NVS		8,939		871,642
Mondelez International Inc. Class A		326,962		14,121,489
Snyder’s-Lance Inc.		18,799		650,821
Tootsie Roll Industries Inc.		1,693		59,001
TreeHouse Foods Inc.a		12,251		1,000,784
Tyson Foods Inc. Class A		62,373		3,906,421
				53,919,553
GAS UTILITIES — 0.28%
Atmos Energy Corp.		22,788		1,890,265
National Fuel Gas Co.		8,511		475,254
New Jersey Resources Corp.		18,889		749,893
ONE Gas Inc.		11,377		794,228
UGI Corp.		37,314		1,806,371
WGL Holdings Inc.		5,788		482,893
				6,198,904
HEALTH CARE EQUIPMENT & SUPPLIES — 3.11%
Abbott Laboratories		373,940		18,177,223
Baxter International Inc.		105,111		6,363,420

Security	Shares		Value
Cooper Companies Inc. (The)		2,943	$	704,613
Danaher Corp.		61,862		5,220,534
DENTSPLY SIRONA Inc.		49,402		3,203,226
Globus Medical Inc. Class Aa		8,688		288,007
Halyard Health Inc.a		10,083		396,060
Hill-Rom Holdings Inc.		4,926		392,159
Hologic Inc.a		24,351		1,105,048
LivaNova PLCa,c		9,395		575,068
Medtronic PLC		294,989		26,180,274
ResMed Inc.		10,466		814,988
STERIS PLC		18,471		1,505,387
Teleflex Inc.		4,146		861,373
Zimmer Biomet Holdings Inc.		15,606		2,003,810
				67,791,190
HEALTH CARE PROVIDERS & SERVICES — 2.95%
Acadia Healthcare Co. Inc.a		13,462		664,754
AmerisourceBergen Corp.		35,905		3,394,100
Anthem Inc.		57,107		10,743,540
Cardinal Health Inc.		68,078		5,304,638
Centene Corp.a		37,293		2,978,965
Cigna Corp.		55,163		9,233,735
DaVita Inc.a		33,760		2,186,298
Envision Healthcare Corp.a		15,148		949,325
Express Scripts Holding Co.a		127,894		8,164,753
HCA Healthcare Inc.a		30,216		2,634,835
Henry Schein Inc.a		17,171		3,142,636
Laboratory Corp. of America Holdingsa		10,143		1,563,442
LifePoint Health Inc.a		8,876		596,023
McKesson Corp.		45,445		7,477,520
MEDNAX Inc.a,c		7,824		472,335
Molina Healthcare Inc.a		9,243		639,431
Owens & Minor Inc.		13,679		440,327
Patterson Companies Inc.		17,749		833,315
Quest Diagnostics Inc.		11,268		1,252,551
Tenet Healthcare Corp.a,c		18,223		352,433
Universal Health Services Inc. Class B		10,678		1,303,570
				64,328,526
HEALTH CARE TECHNOLOGY — 0.02%
Allscripts Healthcare Solutions Inc.a,c		39,393		502,655
				502,655

99

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. VALUE ETF

June 30, 2017

Security	Shares		Value
HOTELS, RESTAURANTS & LEISURE — 0.96%
Carnival Corp.		90,191	$	5,913,824
Chipotle Mexican Grill Inc.a,c		2,771		1,153,013
Cracker Barrel Old Country Store Inc.c		1,558		260,576
Hilton Worldwide Holdings Inc.		9,057		560,175
International Speedway Corp. Class A		2,458		92,298
McDonald’s Corp.		66,743		10,222,358
Royal Caribbean Cruises Ltd.		17,719		1,935,446
Wyndham Worldwide Corp.		7,509		753,979
				20,891,669
HOUSEHOLD DURABLES — 0.82%
CalAtlantic Group Inc.		16,113		569,595
DR Horton Inc.		73,996		2,558,042
Helen of Troy Ltd.a		5,983		563,000
KB Homec		17,850		427,864
Leggett & Platt Inc.		11,401		598,895
Lennar Corp. Class A		44,034		2,347,893
Mohawk Industries Inc.a		7,234		1,748,385
Newell Brands Inc.		40,595		2,176,704
PulteGroup Inc.		61,526		1,509,233
Tempur Sealy International Inc.a,c		4,169		222,583
Toll Brothers Inc.		32,341		1,277,793
TRI Pointe Group Inc.a,c		33,976		448,143
Tupperware Brands Corp.		6,325		444,205
Whirlpool Corp.		15,946		3,055,572
				17,947,907
HOUSEHOLD PRODUCTS — 1.76%
Church & Dwight Co. Inc.		19,080		989,870
Clorox Co. (The)		12,570		1,674,827
Colgate-Palmolive Co.		83,752		6,208,536
Energizer Holdings Inc.		5,020		241,060
Kimberly-Clark Corp.		36,714		4,740,145
Procter & Gamble Co. (The)		281,079		24,496,035
				38,350,473
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.13%
AES Corp./VA		142,203		1,579,876
NRG Energy Inc.		68,528		1,180,052
				2,759,928
INDUSTRIAL CONGLOMERATES — 2.14%
3M Co.		41,206		8,578,677

Security	Shares		Value
General Electric Co.		994,628	$	26,864,902
Honeywell International Inc.		67,358		8,978,148
Roper Technologies Inc.		9,902		2,292,610
				46,714,337
INSURANCE — 5.31%
Aflac Inc.		85,518		6,643,038
Alleghany Corp.a		1,259		748,853
Allstate Corp. (The)		78,554		6,947,316
American Financial Group Inc./OH		15,931		1,583,064
American International Group Inc.		189,514		11,848,415
Aspen Insurance Holdings Ltd.		13,047		650,393
Assurant Inc.		11,963		1,240,444
Chubb Ltd.		100,625		14,628,863
Cincinnati Financial Corp.		14,365		1,040,744
CNO Financial Group Inc.		14,727		307,500
Everest Re Group Ltd.		8,837		2,249,812
First American Financial Corp.		23,178		1,035,825
Genworth Financial Inc. Class Aa		48,940		184,504
Hanover Insurance Group Inc. (The)		9,158		811,674
Hartford Financial Services Group Inc. (The)		79,132		4,159,969
Kemper Corp.		10,914		421,280
Lincoln National Corp.		48,324		3,265,736
Loews Corp.		59,757		2,797,225
Mercury General Corp.		7,943		428,922
MetLife Inc.		232,827		12,791,515
Old Republic International Corp.		52,098		1,017,474
Principal Financial Group Inc.		58,015		3,717,021
Progressive Corp. (The)		125,176		5,519,010
Prudential Financial Inc.		92,445		9,997,002
Reinsurance Group of America Inc.		13,927		1,788,088
RenaissanceRe Holdings Ltd.		2,733		380,024
Torchmark Corp.		23,410		1,790,865
Travelers Companies Inc. (The)		60,208		7,618,118
Unum Group		49,172		2,292,890
Willis Towers Watson PLC		27,376		3,982,113
WR Berkley Corp.		21,079		1,458,034
XL Group Ltd.		56,619		2,479,912
				115,825,643

100

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. VALUE ETF

June 30, 2017

Security	Shares		Value
INTERNET & DIRECT MARKETING RETAIL — 0.03%
HSN Inc.		6,826	$	217,749
TripAdvisor Inc.a,c		10,283		392,811
				610,560
INTERNET SOFTWARE & SERVICES — 0.23%
Cars.com Inc.a		15,420		410,635
eBay Inc.a		132,323		4,620,719
				5,031,354
IT SERVICES — 1.09%
Acxiom Corp.a		9,209		239,250
Alliance Data Systems Corp.		4,806		1,233,652
Cognizant Technology Solutions Corp. Class A		38,293		2,542,655
Convergys Corp.		12,222		290,639
CSRA Inc.		16,218		514,921
DST Systems Inc.		13,318		821,721
DXC Technology Co.		28,825		2,211,454
International Business Machines Corp.		79,227		12,187,489
Leidos Holdings Inc.		30,882		1,596,291
NeuStar Inc. Class Aa,c		373		12,440
Sabre Corp.		23,435		510,180
Teradata Corp.a,c		28,441		838,725
Western Union Co. (The)		36,131		688,296
				23,687,713
LEISURE PRODUCTS — 0.12%
Brunswick Corp./DE		19,510		1,223,862
Mattel Inc.		32,550		700,802
Polaris Industries Inc.c		6,730		620,708
				2,545,372
LIFE SCIENCES TOOLS & SERVICES — 0.60%
Agilent Technologies Inc.		24,513		1,453,866
Bio-Rad Laboratories Inc. Class Aa		2,285		517,118
Charles River Laboratories International Inc.a		3,970		401,566
Illumina Inc.a		9,778		1,696,679
PAREXEL International Corp.a		5,685		494,083
PerkinElmer Inc.		23,717		1,616,076
Thermo Fisher Scientific Inc.		32,874		5,735,527
Waters Corp.a		5,924		1,089,068
				13,003,983

Security	Shares		Value
MACHINERY — 1.39%
AGCO Corp.		14,335	$	966,036
Caterpillar Inc.		60,939		6,548,505
Deere & Co.		32,321		3,994,552
Donaldson Co. Inc.		8,520		388,001
Dover Corp.		33,527		2,689,536
Flowserve Corp.		28,290		1,313,505
ITT Inc.		19,406		779,733
Kennametal Inc.		9,610		359,606
Oshkosh Corp.		7,856		541,121
PACCAR Inc.		36,543		2,413,300
Parker-Hannifin Corp.		9,231		1,475,298
Pentair PLC		36,330		2,417,398
Snap-on Inc.		5,862		926,196
Stanley Black & Decker Inc.		17,216		2,422,808
Terex Corp.		21,193		794,737
Timken Co. (The)		15,319		708,504
Trinity Industries Inc.		33,292		933,175
Wabtec Corp./DE		6,574		601,521
				30,273,532
MARINE — 0.04%
Kirby Corp.a,c		11,797		788,629
				788,629
MEDIA — 1.32%
AMC Networks Inc. Class Aa		4,362		232,974
Cinemark Holdings Inc.		10,188		395,804
DISH Network Corp. Class Aa		21,226		1,332,144
Interpublic Group of Companies Inc. (The)		38,782		954,037
John Wiley & Sons Inc. Class A		5,300		279,575
Live Nation Entertainment Inc.a		14,199		494,835
Meredith Corp.		3,154		187,505
New York Times Co. (The) Class A		26,140		462,678
News Corp. Class A		83,058		1,137,895
News Corp. Class B		25,569		361,801
Omnicom Group Inc.		14,039		1,163,833
TEGNA Inc.		47,172		679,749
Twenty-First Century Fox Inc. Class A NVS		118,426		3,356,193
Twenty-First Century Fox Inc. Class B		54,803		1,527,360
Viacom Inc. Class B NVS		76,242		2,559,444

101

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. VALUE ETF

June 30, 2017

Security	Shares		Value
Walt Disney Co. (The)		128,528	$	13,656,100
				28,781,927
METALS & MINING — 0.31%
Allegheny Technologies Inc.		24,411		415,231
Carpenter Technology Corp.		10,040		375,797
Commercial Metals Co.		25,649		498,360
Compass Minerals International Inc.		4,082		266,555
Ferroglobe PLC		5,097		—
Freeport-McMoRan Inc.a		111,875		1,343,619
Gerber Scientific Inc. Escrowa,d		1,091		11
Nucor Corp.		28,352		1,640,730
Reliance Steel & Aluminum Co.		15,887		1,156,733
Steel Dynamics Inc.		17,356		621,518
U.S. Steel Corp.		18,822		416,719
				6,735,273
MULTI-UTILITIES — 1.85%
Ameren Corp.		52,512		2,870,831
Black Hills Corp.		4,568		308,203
CenterPoint Energy Inc.		39,015		1,068,231
CMS Energy Corp.		60,747		2,809,549
Consolidated Edison Inc.		65,808		5,318,602
Dominion Energy Inc.		71,837		5,504,869
DTE Energy Co.		38,624		4,086,033
NiSource Inc.		70,368		1,784,532
NorthWestern Corp.		10,188		621,672
Public Service Enterprise Group Inc.		108,997		4,687,961
SCANA Corp.		30,768		2,061,764
Sempra Energy		54,049		6,094,025
Vectren Corp.		18,009		1,052,446
WEC Energy Group Inc.		32,758		2,010,686
				40,279,404
MULTILINE RETAIL — 0.51%
Big Lots Inc.c		9,929		479,571
Dillard’s Inc. Class A		5,004		288,681
Kohl’s Corp.		36,926		1,427,928
Macy’s Inc.		65,971		1,533,166
Nordstrom Inc.		24,103		1,152,846
Target Corp.		118,892		6,216,863
				11,099,055
OIL, GAS & CONSUMABLE FUELS — 9.09%
Anadarko Petroleum Corp.		60,637		2,749,282

Security	Shares		Value
Apache Corp.		29,639	$	1,420,597
Cabot Oil & Gas Corp.		52,420		1,314,694
Chesapeake Energy Corp.a,c		87,954		437,131
Chevron Corp.		408,262		42,593,975
Cimarex Energy Co.		9,123		857,653
Concho Resources Inc.a		14,794		1,797,915
ConocoPhillips		266,580		11,718,857
CONSOL Energy Inc.a		39,060		583,556
Devon Energy Corp.		51,461		1,645,208
Energen Corp.a		12,272		605,869
EOG Resources Inc.		59,714		5,405,311
EQT Corp.c		15,221		891,798
Exxon Mobil Corp.		913,099		73,714,482
Gulfport Energy Corp.a		14,699		216,810
Hess Corp.		58,486		2,565,781
HollyFrontier Corp.		38,334		1,053,035
Kinder Morgan Inc./DE		413,716		7,926,799
Marathon Oil Corp.		183,947		2,179,772
Marathon Petroleum Corp.		111,789		5,849,918
Matador Resources Co.a,c		11,413		243,896
Newfield Exploration Co.a,c		14,417		410,308
Noble Energy Inc.		57,286		1,621,194
Occidental Petroleum Corp.		93,918		5,622,871
ONEOK Inc.		24,514		1,278,650
PBF Energy Inc. Class A		24,336		541,719
PetroCorp Inc. Escrowa,d		190		—
Phillips 66		94,526		7,816,355
QEP Resources Inc.a		33,210		335,421
Range Resources Corp.		25,456		589,816
SM Energy Co.		11,223		185,516
Southwestern Energy Co.a		48,613		295,567
Tesoro Corp.		32,684		3,059,222
Valero Energy Corp.		96,380		6,501,795
Williams Companies Inc. (The)		98,365		2,978,492
World Fuel Services Corp.		15,178		583,594
WPX Energy Inc.a		40,253		388,844
				197,981,703
PAPER & FOREST PRODUCTS — 0.06%
Domtar Corp.		13,479		517,863
Louisiana-Pacific Corp.a		31,506		759,610
				1,277,473
PERSONAL PRODUCTS — 0.21%
Avon Products Inc.a		99,132		376,702

102

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. VALUE ETF

June 30, 2017

Security	Shares		Value
Coty Inc. Class A		59,082	$	1,108,378
Edgewell Personal Care Co.a		12,561		954,887
Estee Lauder Companies Inc. (The) Class A		20,255		1,944,075
Nu Skin Enterprises Inc. Class A		3,401		213,719
				4,597,761
PHARMACEUTICALS — 4.95%
Allergan PLC		72,383		17,595,583
Bristol-Myers Squibb Co.		159,761		8,901,883
Catalent Inc.a		16,055		563,531
Eli Lilly & Co.		117,177		9,643,667
Endo International PLCa		42,660		476,512
Johnson & Johnson		226,388		29,948,869
Mallinckrodt PLCa,c		21,526		964,580
Merck & Co. Inc.		223,980		14,354,878
Mylan NVa		99,787		3,873,731
Perrigo Co. PLC		31,104		2,348,974
Pfizer Inc.		565,849		19,006,868
Prestige Brands Holdings Inc.a		4,989		263,469
				107,942,545
PROFESSIONAL SERVICES — 0.31%
FTI Consulting Inc.a		9,194		321,422
IHS Markit Ltd.a		49,455		2,177,998
ManpowerGroup Inc.		14,557		1,625,289
Nielsen Holdings PLC		32,852		1,270,059
Robert Half International Inc.		27,528		1,319,417
				6,714,185
REAL ESTATE MANAGEMENT & DEVELOPMENT —  0.13%
Alexander & Baldwin Inc.		4,872		201,603
CBRE Group Inc. Class Aa		36,637		1,333,587
Jones Lang LaSalle Inc.		9,872		1,234,000
				2,769,190
ROAD & RAIL — 0.99%
CSX Corp.		73,570		4,013,979
Genesee & Wyoming Inc. Class Aa		7,113		486,458
Kansas City Southern		22,995		2,406,427
Norfolk Southern Corp.		62,446		7,599,678
Ryder System Inc.		11,749		845,693
Union Pacific Corp.		53,938		5,874,388
Werner Enterprises Inc.		10,207		299,575
				21,526,198

Security	Shares		Value
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.40%
Cree Inc.a,c		21,333	$	525,858
Cypress Semiconductor Corp.		41,029		560,046
First Solar Inc.a		17,164		684,500
Intel Corp.		527,663		17,803,350
Micron Technology Inc.a,c		224,099		6,691,596
Qorvo Inc.a		27,516		1,742,313
Synaptics Inc.a,c		7,399		382,602
Teradyne Inc.		18,970		569,669
Versum Materials Inc.		8,666		281,645
Xilinx Inc.		18,711		1,203,492
				30,445,071
SOFTWARE — 1.00%
ACI Worldwide Inc.a		13,484		301,637
ANSYS Inc.a		7,042		856,870
Autodesk Inc.a		14,361		1,447,876
CA Inc.		67,530		2,327,759
Cadence Design Systems Inc.a		16,853		564,407
Manhattan Associates Inc.a,c		5,079		244,097
Oracle Corp.		271,862		13,631,161
PTC Inc.a		7,754		427,400
Symantec Corp.		67,183		1,897,920
				21,699,127
SPECIALTY RETAIL — 0.99%
Aaron’s Inc.		13,600		529,040
American Eagle Outfitters Inc.		36,705		442,295
AutoNation Inc.a,c		14,453		609,338
Bed Bath & Beyond Inc.		31,462		956,445
Best Buy Co. Inc.		34,475		1,976,452
Cabela’s Inc.a		4,992		296,625
CarMax Inc.a,c		22,075		1,392,049
Chico’s FAS Inc.		14,480		136,402
Foot Locker Inc.		11,222		553,020
GameStop Corp. Class A		22,444		485,015
Gap Inc. (The)		47,755		1,050,132
L Brands Inc.		27,491		1,481,490
Lowe’s Companies Inc.		66,569		5,161,095
Michaels Companies Inc. (The)a,c		11,990		222,055
Murphy USA Inc.a,c		7,515		556,937
Office Depot Inc.		112,329		633,536
Sally Beauty Holdings Inc.a		13,637		276,149
Signet Jewelers Ltd.		14,818		937,090

103

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. VALUE ETF

June 30, 2017

Security	Shares		Value
Staples Inc.		140,754	$	1,417,393
Tiffany & Co.		11,281		1,058,947
Tractor Supply Co.		12,050		653,231
Williams-Sonoma Inc.		17,315		839,777
				21,664,513
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 1.06%
3D Systems Corp.a,c		6,762		126,449
Diebold Nixdorf Inc.		16,155		452,340
Hewlett Packard Enterprise Co.		358,753		5,951,712
HP Inc.		362,749		6,340,853
NetApp Inc.		22,097		884,985
Seagate Technology PLC		64,269		2,490,424
Western Digital Corp.		62,757		5,560,270
Xerox Corp.		45,733		1,313,909
				23,120,942
TEXTILES, APPAREL & LUXURY GOODS — 0.76%
Coach Inc.		30,242		1,431,656
Deckers Outdoor Corp.a		3,569		243,620
Hanesbrands Inc.		37,904		877,857
NIKE Inc. Class B		122,790		7,244,610
PVH Corp.		16,900		1,935,050
Ralph Lauren Corp.		11,835		873,423
VF Corp.		69,028		3,976,013
				16,582,229
THRIFTS & MORTGAGE FINANCE — 0.06%
New York Community Bancorp. Inc.		106,741		1,401,509
				1,401,509
TOBACCO — 0.81%
Philip Morris International Inc.		150,612		17,689,379
				17,689,379
TRADING COMPANIES & DISTRIBUTORS — 0.05%
GATX Corp.		4,839		311,002
NOW Inc.a,c		24,221		389,474
Watsco Inc.		2,728		420,658
				1,121,134
WATER UTILITIES — 0.03%
Aqua America Inc.		18,740		624,042
				624,042

Security	Shares		Value
WIRELESS TELECOMMUNICATION SERVICES — 0.03%
Telephone & Data Systems Inc.		20,650	$	573,038
				573,038
TOTAL COMMON STOCKS
(Cost: $2,093,743,199)				2,173,412,709
SHORT-TERM INVESTMENTS — 1.09%
MONEY MARKET FUNDS — 1.09%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%e,f,g		20,168,755		20,174,806
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%e,f		3,635,140		3,635,140
				23,809,946
TOTAL SHORT-TERM INVESTMENTS
(Cost: $23,811,198)				23,809,946
TOTAL INVESTMENTS IN SECURITIES — 100.83%
(Cost: $2,117,554,397)h				2,197,222,655
Other Assets, Less Liabilities — (0.83)%				(18,189,406	)
NET ASSETS — 100.00%			$	2,179,033,249

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  Affiliated issuer. See Schedule 1.

^c  All or a portion of this security represents a security on loan.

^d  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^e  Affiliated money market fund.

^f  The rate quoted is the annualized seven-day yield of the fund at period end.

^g  All or a portion of this security represents an investment of securities lending collateral.

^h  The cost of investments for federal income tax purposes was $2,139,057,236. Net unrealized appreciation was $58,165,419, of which $144,783,936 represented gross unrealized appreciation on securities and $86,618,517 represented gross unrealized depreciation on securities.

104

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CORE S&P U.S. VALUE ETF

June 30, 2017

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		10,414		3,040		(131	)		13,323	$	5,627,768	$	30,355	$	4,782
PNC Financial Services Group Inc. (The)		81,551		23,802		(1,074	)		104,279		13,021,319		48,946		21,154
										$	18,649,087	$	79,301	$	25,936

Schedule 2 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		27		Sep. 2017		Chicago Mercantile	$	3,282,079	$	3,268,215	$	(13,864	)
S&P MidCap 400 E-Mini		12		Sep. 2017		Chicago Mercantile		2,093,800		2,095,320		1,520
								Net unrealized depreciation			$	(12,344	)

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2			Level 3		Total
Investments:
Assets:
Common stocks	$	2,173,412,698		$	0	a	$	11	$	2,173,412,709
Money market funds		23,809,946			—			—		23,809,946
Total	$	2,197,222,644		$	0	a	$	11	$	2,197,222,655
Derivative financial instrumentsb:
Assets:
Futures contracts	$	1,520		$	—		$	—	$	1,520
Liabilities:
Futures contracts		(13,864	)		—			—		(13,864	)
Total	$	(12,344	)	$	—		$	—	$	(12,344	)

^a  Rounds to less than $1.

^b  Shown at the unrealized appreciation (depreciation) on the contracts.

105

Schedule of Investments (Unaudited)

iSHARES^® CURRENCY HEDGED JPX-NIKKEI 400 ETF

June 30, 2017

Security	Shares		Value
INVESTMENT COMPANIES — 100.32%
EXCHANGE-TRADED FUNDS — 100.32%
iShares JPX-Nikkei 400 ETFa		46,838	$	2,730,833
				2,730,833
TOTAL INVESTMENT COMPANIES
(Cost: $2,519,072)				2,730,833
SHORT-TERM INVESTMENTS — 0.05%
MONEY MARKET FUNDS — 0.05%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%b,c		1,487		1,487
				1,487
TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,487)				1,487
TOTAL INVESTMENTS IN SECURITIES — 100.37%
(Cost: $2,520,559)d				2,732,320
Other Assets, Less Liabilities — (0.37)%				(10,142	)
NET ASSETS — 100.00%			$	2,722,178

^a  Affiliated issuer. See Schedule 1.

^b  Affiliated money market fund.

^c  The rate quoted is the annualized seven-day yield of the fund at period end.

^d  The cost of investments for federal income tax purposes was $2,521,601. Net unrealized appreciation was $210,719, of which $211,761 represented gross unrealized appreciation on securities and $1,042 represented gross unrealized depreciation on securities.

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
iShares JPX-Nikkei 400 ETF		45,755		1,226		(143	)		46,838	$	2,730,833	$	16,291	$	291

106

Schedule of Investments (Unaudited) (Continued)

iSHARES^® CURRENCY HEDGED JPX-NIKKEI 400 ETF

June 30, 2017

Schedule 2 — Forward Currency Contracts

Forward currency contracts outstanding as of June 30, 2017 were as follows:

Currency purchased			Currency sold			Counterparty	Settlement date		Unrealized appreciation (depreciation)
	JPY	295,103,000		USD	2,613,786	MS		07/06/2017	$	10,048
	USD	2,663,273		JPY	295,103,000	MS		07/06/2017		39,439
	USD	108,103		JPY	12,132,000	MS		08/03/2017		108
										49,595
	JPY	1,085,000		USD	9,661	MS		08/03/2017		(3	)
	USD	2,616,660		JPY	295,103,000	MS		08/03/2017		(10,243	)
										(10,246	)
					Net unrealized appreciation				$	39,349

Counterparty:

MS — Morgan Stanley and Co. International PLC

Currency abbreviations:

JPY — Japanese Yen

USD — United States Dollar

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2			Level 3		Total
Investments:
Assets:
Investment companies	$	2,730,833	$	—		$	—	$	2,730,833
Money market funds		1,487		—			—		1,487
Total	$	2,732,320	$	—		$	—	$	2,732,320
Derivative financial instrumentsa:
Assets:
Forward currency contracts	$	—	$	49,595		$	—	$	49,595
Liabilities:
Forward currency contracts		—		(10,246	)		—		(10,246	)
Total	$	—	$	39,349		$	—	$	39,349

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

107

Schedule of Investments (Unaudited)

iSHARES^® EMERGING MARKETS INFRASTRUCTURE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 97.59%
BRAZIL — 21.16%
CCR SA		612,000	$	3,121,648
Cia. de Saneamento Basico do Estado de Sao Paulo ADR		110,580		1,052,722
CPFL Energia SA ADR		104,220		1,662,309
Ultrapar Participacoes SA ADR		184,020		4,329,990
				10,166,669
CHILE — 3.62%
Enel Americas SA ADR		184,440		1,739,269
				1,739,269
CHINA — 34.69%
Beijing Capital International Airport Co. Ltd. Class H		900,000		1,268,182
Beijing Enterprises Water Group Ltd.		1,620,000		1,257,575
CGN Power Co. Ltd. Class Ha		3,390,000		946,679
China Gas Holdings Ltd.		780,000		1,574,698
China Merchants Port Holdings Co. Ltd.		480,000		1,331,207
China Oilfield Services Ltd. Class H		660,000		529,255
China Resources Power Holdings Co. Ltd.		540,000		1,059,739
COSCO SHIPPING Ports Ltd.		1,020,000		1,196,856
Guangdong Investment Ltd.		960,000		1,323,214
Huaneng Power International Inc. Class H ADR		34,590		961,256
Jiangsu Expressway Co. Ltd. Class H		780,000		1,101,089
Kunlun Energy Co. Ltd.b		1,440,000		1,221,144
Shenzhen Expressway Co. Ltd. Class H		420,000		382,530
Shenzhen International Holdings Ltd.		600,499		1,101,544
Sinopec Kantons Holdings Ltd.b		420,000		231,885
Zhejiang Expressway Co. Ltd. Class H		900,000		1,175,951
				16,662,804
MALAYSIA — 7.02%
Sapurakencana Petroleum Bhdb		1,263,000		467,816
Tenaga Nasional Bhd		882,000		2,905,310
				3,373,126
MEXICO — 13.29%
Grupo Aeroportuario del Centro Norte Sab de CV ADR		23,160		1,115,849

Security	Shares		Value
Grupo Aeroportuario del Pacifico SAB de CV ADR		23,400	$	2,627,820
Grupo Aeroportuario del Sureste SAB de CV Series B		12,540		2,638,416
				6,382,085
RUSSIA — 3.72%
Novatek PJSC GDRc		6,720		748,608
RusHydro PJSC		508,440		650,803
TMK PJSC GDRc		73,470		389,391
				1,788,802
SOUTH KOREA — 6.27%
Korea Electric Power Corp. ADR		167,700		3,013,569
				3,013,569
THAILAND — 7.82%
Airports of Thailand PCL NVDR		2,700,000		3,755,520
				3,755,520
TOTAL COMMON STOCKS
(Cost: $38,545,631)				46,881,844
PREFERRED STOCKS — 1.31%
BRAZIL — 1.31%
Cia. Energetica de Minas Gerais ADR, Preference Shares		263,460		632,304
				632,304
TOTAL PREFERRED STOCKS
(Cost: $857,286)				632,304
SHORT-TERM INVESTMENTS — 1.95%
MONEY MARKET FUNDS — 1.95%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		831,006		831,255
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		105,606		105,606
				936,861
TOTAL SHORT-TERM INVESTMENTS
(Cost: $936,904)				936,861

108

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS INFRASTRUCTURE ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 100.85%
(Cost: $40,339,821)g	$	48,451,009
Other Assets, Less Liabilities — (0.85)%		(410,370	)
NET ASSETS — 100.00%	$	48,040,639

ADR  —  American Depositary Receipts

GDR  —  Global Depositary Receipts

NVDR  —  Non-Voting Depositary Receipts

^a  This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^b All or a portion of this security represents a security on loan.

^c  This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $40,905,907. Net unrealized appreciation was $7,545,102, of which $12,107,514 represented gross unrealized appreciation on securities and $4,562,412 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	46,881,844	$	—	$	—	$	46,881,844
Preferred stocks		632,304		—		—		632,304
Money market funds		936,861		—		—		936,861
Total	$	48,451,009	$	—	$	—	$	48,451,009

109

Schedule of Investments (Unaudited)

iSHARES^® EUROPE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 98.34%
AUSTRIA — 0.29%
Erste Group Bank AG		109,476	$	4,186,027
OMV AG		50,396		2,611,565
Voestalpine AG		39,422		1,834,481
				8,632,073
BELGIUM — 2.02%
Ageas		73,726		2,964,950
Anheuser-Busch InBev SA/NV		308,178		33,992,831
Colruyt SA		23,132		1,216,925
Groupe Bruxelles Lambert SA		28,871		2,775,570
KBC Group NV		120,604		9,135,020
Proximus SADP		52,184		1,823,050
Solvay SA		26,320		3,527,265
UCB SA		46,316		3,181,693
Umicore SA		34,010		2,362,317
				60,979,621
DENMARK — 2.82%
AP Moller – Maersk A/S Class A		1,135		2,164,210
AP Moller – Maersk A/S Class B		2,325		4,668,689
Carlsberg A/S Class B		37,852		4,038,483
Chr Hansen Holding A/S		34,759		2,524,757
Coloplast A/S Class B		40,062		3,343,212
Danske Bank A/S		261,630		10,049,726
DONG Energy A/Sa		75,846		3,419,516
DSV A/S		67,735		4,156,286
Genmab A/Sb		21,500		4,581,134
ISS A/S		65,640		2,574,730
Novo Nordisk A/S Class B		643,843		27,536,269
Novozymes A/S Class B		81,520		3,562,780
Pandora A/S		40,386		3,763,652
TDC A/S		287,022		1,666,971
Vestas Wind Systems A/S		77,025		7,101,311
				85,151,726
FINLAND — 1.51%
Fortum OYJ		159,237		2,493,612
Kone OYJ Class B		135,892		6,903,327
Metso OYJ		44,941		1,556,176
Nokia OYJ		2,081,687		12,714,205
Nokian Renkaat OYJ		40,455		1,672,148
Sampo OYJ Class A		176,316		9,023,232
Stora Enso OYJ Class R		203,632		2,626,775

Security	Shares		Value
UPM-Kymmene OYJ		190,232	$	5,415,549
Wartsila OYJ Abp		54,473		3,215,185
				45,620,209
FRANCE — 15.46%
Accor SA		76,204		3,567,404
Air Liquide SA		138,627		17,107,612
Airbus SE		215,127		17,666,143
Alstom SAb		55,410		1,934,487
Arkema SA		25,828		2,752,273
Atos SE		32,785		4,595,591
AXA SA		690,534		18,862,745
BNP Paribas SA		399,619		28,741,830
Bouygues SA		72,612		3,057,626
Capgemini SE		56,374		5,817,625
Carrefour SA		203,802		5,148,687
Casino Guichard Perrachon SA		18,997		1,123,652
Christian Dior SE		4,006		1,143,860
Cie. de Saint-Gobain		185,105		9,876,264
Cie. Generale des Etablissements Michelin Class B		64,370		8,545,762
Credit Agricole SA		433,356		6,961,711
Danone SA		224,230		16,830,613
Dassault Systemes SE		48,150		4,310,473
Edenred		74,199		1,932,050
Electricite de France SA		144,776		1,565,708
Engie SA		578,361		8,717,270
Essilor International SA		71,366		9,067,569
Hermes International		7,876		3,886,483
Kering		26,436		8,991,201
Klepierre		73,953		3,026,795
L’Oreal SA		87,475		18,197,977
Lagardere SCA		42,171		1,329,913
Legrand SA		93,758		6,549,811
LVMH Moet Hennessy Louis Vuitton SE		97,952		24,388,291
Orange SA		819,342		12,980,212
Pernod Ricard SA		78,384		10,482,252
Peugeot SA		176,883		3,523,457
Publicis Groupe SA		73,804		5,497,610
Renault SA		68,383		6,181,043
Safran SA		115,640		10,583,110
Sanofi		410,062		39,174,234
Schneider Electric SE		210,412		16,143,818

110

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EUROPE ETF

June 30, 2017

Security	Shares		Value
SES SA		136,845	$	3,203,512
Societe Generale SA		266,379		14,312,892
Sodexo SA		34,175		4,412,343
STMicroelectronics NV		74,591		1,069,390
STMicroelectronics NV New		162,608		2,333,119
Suez		135,350		2,503,165
Thales SA		36,867		3,962,665
Total SA		885,668		43,724,283
Unibail-Rodamco SE		35,360		8,898,781
Valeo SA		85,154		5,729,250
Veolia Environnement SA		184,433		3,891,568
Vinci SA		182,790		15,579,795
Vivendi SA		319,933		7,111,893
				466,995,818
GERMANY — 13.66%
adidas AG		74,498		14,253,498
Allianz SE Registered		162,974		32,045,710
BASF SE		328,775		30,407,478
Bayer AG Registered		294,999		38,087,397
Bayerische Motoren Werke AG		114,091		10,576,681
Beiersdorf AG		35,165		3,691,489
Brenntag AG		54,973		3,177,608
Commerzbank AGb		372,890		4,435,876
Continental AG		38,426		8,281,069
Daimler AG Registered		355,198		25,672,522
Deutsche Bank AG Registered		736,981		13,049,751
Deutsche Boerse AG		68,919		7,264,726
Deutsche Lufthansa AG Registered		88,366		2,008,158
Deutsche Post AG Registered		343,403		12,854,553
Deutsche Telekom AG Registered		1,148,775		20,596,899
Deutsche Wohnen AG Bearer		126,450		4,830,013
E.ON SE		784,192		7,377,095
Fresenius Medical Care AG & Co. KGaA		75,686		7,265,863
Fresenius SE & Co. KGaA		143,958		12,324,198
GEA Group AG		63,212		2,583,216
HeidelbergCement AG		44,638		4,309,690
Infineon Technologies AG		401,136		8,457,177
K+S AG Registered		68,633		1,755,023
Lanxess AG		32,677		2,470,612
Linde AG		66,080		12,495,938

Security	Shares		Value
MAN SE		13,079	$	1,400,283
Merck KGaA		46,330		5,588,008
METRO AG		57,981		1,954,479
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen Registered		55,581		11,192,018
Osram Licht AG		31,051		2,470,211
ProSiebenSat.1 Media SE Registered		82,973		3,467,421
QIAGEN NVc		82,024		2,724,716
RWE AGb		172,128		3,424,813
SAP SE		350,692		36,578,331
Siemens AG Registered		272,969		37,469,141
Symrise AGc		44,064		3,116,951
thyssenkrupp AG		155,582		4,414,045
Volkswagen AG		11,376		1,761,342
Vonovia SE		166,158		6,588,367
				412,422,366
IRELAND — 0.92%
Bank of Irelandb		9,939,840		2,607,483
CRH PLC		295,858		10,452,230
Irish Bank Resolution Corp. Ltd.b,d		211,770		2
Kerry Group PLC Class A		53,427		4,590,321
Paddy Power Betfair PLC		29,665		3,162,503
Ryanair Holdings PLC ADRb		39,786		4,281,372
Smurfit Kappa Group PLC		82,489		2,564,228
				27,658,139
ITALY — 3.71%
Assicurazioni Generali SpA		483,700		7,949,767
Atlantia SpA		166,956		4,691,990
Banco BPM SpAb,c		540,007		1,804,602
CNH Industrial NV		353,760		4,000,514
Enel SpA		2,777,448		14,869,739
Eni SpA		957,186		14,367,015
Ferrari NV		44,721		3,833,141
Fiat Chrysler Automobiles NVb		387,137		4,075,498
Intesa Sanpaolo SpA		5,083,673		16,095,756
Italgas SpA		180,810		911,917
Leonardo SpA		118,829		1,971,968
Luxottica Group SpA		49,981		2,887,345
Mediaset SpAc		248,575		975,849
Mediobanca SpA		211,108		2,080,332
Prysmian SpA		74,640		2,192,114

111

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EUROPE ETF

June 30, 2017

Security	Shares		Value
Saipem SpAb,c		206,485	$	761,628
Snam SpA		878,249		3,822,437
Telecom Italia SpA/Milanob		4,059,080		3,740,704
Tenaris SA		167,944		2,614,637
Terna Rete Elettrica Nazionale SpA		514,592		2,773,774
UniCredit SpAb		745,598		13,903,906
Unione di Banche Italiane SpA		416,950		1,790,930
				112,115,563
NETHERLANDS — 5.26%
Aegon NV		499,203		2,545,635
Akzo Nobel NV		89,845		7,797,149
Altice NV Class Ab,c		147,140		3,389,975
Altice NV Class Bb		34,453		793,963
ArcelorMittalb		224,120		5,076,614
ASML Holding NV		156,211		20,328,792
Gemalto NV		30,282		1,814,979
Heineken Holding NV		41,066		3,758,735
Heineken NV		76,243		7,402,816
ING Groep NV		1,373,289		23,651,201
Koninklijke Ahold Delhaize NV		455,815		8,702,788
Koninklijke DSM NV		65,088		4,724,386
Koninklijke KPN NV		1,517,157		4,846,832
Koninklijke Philips NV		331,186		11,745,644
NN Group NV		112,227		3,983,376
Randstad Holding NV		45,625		2,660,162
RELX NV		363,285		7,458,205
Unilever NV CVA		611,461		33,698,456
Wolters Kluwer NV		107,889		4,560,952
				158,940,660
NORWAY — 0.92%
DNB ASA		330,484		5,602,327
Marine Harvest ASA		146,114		2,492,606
Norsk Hydro ASA		487,221		2,691,838
Orkla ASA		292,907		2,966,957
Statoil ASA		384,936		6,359,958
Subsea 7 SA		92,638		1,241,934
Telenor ASA		246,892		4,082,126
Yara International ASA		62,909		2,355,150
				27,792,896
PORTUGAL — 0.16%
EDP – Energias de Portugal SA		856,178		2,795,759
Galp Energia SGPS SA		142,571		2,155,387
				4,951,146

Security	Shares		Value
SPAIN — 5.36%
Abertis Infraestructuras SA		216,026	$	3,996,421
Acciona SA		10,322		907,209
ACS Actividades de Construccion y Servicios SA		75,408		2,909,173
Aena SAa		26,762		5,214,923
Amadeus IT Group SA		158,982		9,492,464
Banco Bilbao Vizcaya Argentaria SA		2,383,663		19,751,259
Banco de Sabadell SA		1,908,449		3,872,316
Banco Santander SA		5,217,259		34,465,554
Bankia SA		366,323		1,768,171
CaixaBank SA		1,285,921		6,130,627
Distribuidora Internacional de Alimentacion SA		225,416		1,401,442
Enagas SA		70,279		1,967,847
Endesa SA		113,210		2,604,384
Ferrovial SA		196,882		4,364,202
Gas Natural SDG SA		128,213		2,996,321
Iberdrola SA		2,084,359		16,481,929
Industria de Diseno Textil SA		403,587		15,471,057
International Consolidated Airlines Group SA		312,656		2,477,358
Red Electrica Corp. SA		133,338		2,782,279
Repsol SA		415,424		6,349,079
Telefonica SA		1,591,646		16,407,150
				161,811,165
SWEDEN — 4.72%
Alfa Laval AB		103,489		2,115,288
Assa Abloy AB Class B		353,024		7,747,271
Atlas Copco AB Class A		231,598		8,869,015
Atlas Copco AB Class B		139,075		4,799,869
Boliden AB		97,360		2,653,735
Electrolux AB Class B		82,811		2,710,769
Essity AB Class Bb		227,526		6,217,847
Hennes & Mauritz AB Class B		332,457		8,273,438
Hexagon AB Class B		90,843		4,313,523
Industrivarden AB Class A		61,557		1,565,463
Industrivarden AB Class C		60,677		1,453,160
Investor AB Class B		162,235		7,809,238
Kinnevik AB Class B		84,221		2,575,193
Millicom International Cellular SA SDR		22,294		1,315,244

112

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EUROPE ETF

June 30, 2017

Security	Shares		Value
Nordea Bank AB		1,135,149	$	14,427,322
Sandvik AB		393,823		6,186,643
Securitas AB Class B		112,011		1,885,763
Skandinaviska Enskilda Banken AB Class A		612,163		7,395,701
Skanska AB Class B		142,425		3,375,492
SKF AB Class B		133,549		2,702,790
Svenska Cellulosa AB SCA Class B		227,526		1,719,687
Svenska Handelsbanken AB Class A		538,442		7,698,823
Swedbank AB Class A		371,921		9,052,692
Swedish Match AB		67,623		2,378,757
Tele2 AB Class B		124,639		1,303,349
Telefonaktiebolaget LM Ericsson Class B		1,086,642		7,762,143
Telia Co. AB		978,660		4,500,800
Volvo AB Class B		578,203		9,844,028
				142,653,043
SWITZERLAND — 13.85%
ABB Ltd. Registered		709,670		17,548,150
Adecco Group AG Registered		60,972		4,641,423
Baloise Holding AG Registered		18,046		2,792,688
Chocoladefabriken Lindt & Spruengli AG Participation Certificates		360		2,090,116
Chocoladefabriken Lindt & Spruengli AG Registered		39		2,722,446
Cie. Financiere Richemont SA Class A Registered		185,785		15,326,074
Clariant AG Registered		103,617		2,285,168
Credit Suisse Group AG Registered		835,374		12,090,308
Geberit AG Registered		13,232		6,179,032
Givaudan SA Registered		2,856		5,720,052
Julius Baer Group Ltd.		79,312		4,178,239
Kuehne + Nagel International AG Registered		20,358		3,401,326
LafargeHolcim Ltd. Registered		170,836		9,793,658
Lonza Group AG Registered		26,588		5,755,435
Nestle SA Registered		1,108,691		96,611,772
Novartis AG Registered		936,439		78,032,509
Partners Group Holding AG		6,755		4,193,440

Security	Shares		Value
Roche Holding AG		250,495	$	63,876,029
Schindler Holding AG Participation Certificates		14,485		3,068,978
Schindler Holding AG Registered		7,207		1,496,112
SGS SA Registered		1,944		4,713,588
Sika AG Bearer		775		4,985,120
Sonova Holding AG Registered		19,214		3,123,918
Swatch Group AG (The) Bearer		11,011		4,071,420
Swatch Group AG (The) Registered		23,438		1,714,438
Swiss Life Holding AG Registered		11,557		3,905,232
Swiss Re AG		117,472		10,751,758
Swisscom AG Registered		9,139		4,415,617
UBS Group AG		1,363,488		23,122,273
Zurich Insurance Group AG		53,784		15,674,948
				418,281,267
UNITED KINGDOM — 27.68%
3i Group PLC		350,682		4,111,051
Aberdeen Asset Management PLC		344,723		1,352,289
Aggreko PLC		89,120		1,065,592
Amec Foster Wheeler PLC		140,430		852,226
Anglo American PLCb		501,562		6,671,397
Antofagasta PLC		135,502		1,407,202
Ashtead Group PLC		178,539		3,685,099
Associated British Foods PLC		127,042		4,845,020
AstraZeneca PLC		450,317		30,036,615
Aviva PLC		1,435,403		9,807,353
Babcock International Group PLC		179,584		2,053,947
BAE Systems PLC		1,141,297		9,391,555
Barclays PLC		5,613,148		14,782,897
Barratt Developments PLC		355,936		2,605,302
BHP Billiton PLC		752,512		11,495,105
BP PLC		6,738,380		38,757,460
British American Tobacco PLC		665,008		45,211,902
British Land Co. PLC (The)		363,488		2,858,883
BT Group PLC		3,121,970		11,952,940
Bunzl PLC		119,760		3,559,262
Burberry Group PLC		156,725		3,381,428
Capita PLC		240,809		2,163,003
Carnival PLC		76,995		5,080,640
Centrica PLC		1,952,583		5,077,685

113

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EUROPE ETF

June 30, 2017

Security	Shares		Value
Cobham PLC		895,693	$	1,507,844
Compass Group PLC		569,849		11,991,320
Daily Mail & General Trust PLC Class A NVS		100,839		873,668
DCC PLC		31,519		2,861,817
Diageo PLC		894,292		26,351,802
Direct Line Insurance Group PLC		480,536		2,218,378
easyJet PLC		94,407		1,666,540
Experian PLC		335,905		6,872,096
G4S PLC		549,693		2,330,572
GKN PLC		615,287		2,605,479
GlaxoSmithKline PLC		1,738,206		36,926,997
Glencore PLC		4,247,277		15,844,817
Hammerson PLC		282,542		2,108,459
Hays PLC		486,223		1,048,421
HSBC Holdings PLC		7,105,384		65,686,589
IMI PLC		96,807		1,502,681
Imperial Brands PLC		342,921		15,360,894
InterContinental Hotels Group PLC		70,353		3,899,397
Intertek Group PLC		57,059		3,125,503
ITV PLC		1,285,193		3,028,293
J Sainsbury PLC		599,624		1,960,444
Johnson Matthey PLC		70,205		2,618,143
Kingfisher PLC		800,720		3,127,565
Land Securities Group PLC		284,497		3,743,513
Legal & General Group PLC		2,094,518		7,027,497
Lloyds Banking Group PLC		25,446,872		21,865,351
London Stock Exchange Group PLC		112,573		5,331,422
Man Group PLC		604,968		1,216,454
Marks & Spencer Group PLC		576,053		2,493,963
Mondi PLC		130,563		3,415,638
National Grid PLC		1,295,694		16,019,182
Next PLC		52,467		2,627,940
Old Mutual PLC		1,758,163		4,416,801
Pearson PLC		290,911		2,613,031
Persimmon PLC		109,598		3,191,761
Provident Financial PLC		52,285		1,652,386
Prudential PLC		922,965		21,112,360
Randgold Resources Ltd.		33,414		2,953,580
Reckitt Benckiser Group PLC		239,197		24,185,259
RELX PLC		378,181		8,154,550
Rentokil Initial PLC		659,647		2,341,766

Security	Shares		Value
Rio Tinto PLC		425,327	$	17,911,343
Rolls-Royce Holdings PLC		654,511		7,575,073
Royal Bank of Scotland Group PLCb		1,174,231		3,770,459
Royal Dutch Shell PLC Class A ADR		1,591,690		42,074,125
Royal Dutch Shell PLC Class B		1,340,581		35,915,276
RSA Insurance Group PLC		360,720		2,883,968
Sage Group PLC (The)		383,138		3,424,017
Schroders PLC		41,252		1,663,255
Segro PLC		352,472		2,239,769
Severn Trent PLC		86,327		2,446,772
Shire PLC		321,335		17,689,322
Sky PLC		371,061		4,790,975
Smith & Nephew PLC		321,157		5,527,458
Smiths Group PLC		139,679		2,897,532
SSE PLC		364,631		6,881,948
Standard Chartered PLCb		979,100		9,884,439
Standard Life PLC		698,677		3,622,016
Tate & Lyle PLC		162,262		1,395,298
Taylor Wimpey PLC		1,171,197		2,680,576
Tesco PLCb		2,902,059		6,363,131
Travis Perkins PLC		87,332		1,650,550
Tullow Oil PLCb		484,618		948,648
UBM PLC		140,855		1,262,448
Unilever PLC		457,792		24,707,649
United Utilities Group PLC		244,816		2,758,681
Vodafone Group PLC		9,455,199		26,743,672
Weir Group PLC (The)		76,121		1,711,566
Whitbread PLC		64,752		3,336,626
William Hill PLC		307,823		1,016,410
Wm Morrison Supermarkets PLC		812,542		2,545,747
Wolseley PLC		90,254		5,525,303
WPP PLC		472,965		9,915,731
				835,845,809
TOTAL COMMON STOCKS
(Cost: $3,172,905,527)				2,969,851,501
PREFERRED STOCKS — 0.86%
GERMANY — 0.77%
Bayerische Motoren Werke AG, Preference Shares		19,176		1,578,662

114

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EUROPE ETF

June 30, 2017

Security	Shares		Value
Henkel AG & Co. KGaA, Preference Shares		63,408	$	8,714,559
Porsche Automobil Holding SE, Preference Shares		54,525		3,059,052
Volkswagen AG, Preference Shares		65,418		9,949,577
				23,301,850
ITALY — 0.09%
Intesa Sanpaolo SpA, Preference Shares		329,280		974,954
Telecom Italia SpA/Milano, Preference Shares		2,132,764		1,568,978
				2,543,932
TOTAL PREFERRED STOCKS
(Cost: $31,378,614)				25,845,782
RIGHTS — 0.01%
SPAIN — 0.01%
ACS Actividades de Construccion y Servicios SA (Expires 07/17/17)b		75,408		60,204
Repsol SA (Expires 07/05/17)b		415,424		189,525
				249,729
TOTAL RIGHTS
(Cost: $262,160)				249,729
SHORT-TERM INVESTMENTS — 0.23%
MONEY MARKET FUNDS — 0.23%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%e,f,g		6,776,927		6,778,960
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%e,f		303,105		303,105
				7,082,065
TOTAL SHORT-TERM INVESTMENTS
(Cost: $7,080,442)				7,082,065

	Value
TOTAL INVESTMENTS IN SECURITIES — 99.44%
(Cost: $3,211,626,743)h	$	3,003,029,077
Other Assets, Less Liabilities — 0.56%		17,034,957
NET ASSETS — 100.00%	$	3,020,064,034

ADR  —  American Depositary Receipts

NVS  —  Non-Voting Shares

SDR  —  Swedish Depositary Receipts

^a  This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^b  Non-income earning security.

^c  All or a portion of this security represents a security on loan.

^d  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^e  Affiliated money market fund.

^f  The rate quoted is the annualized seven-day yield of the fund at period end.

^g  All or a portion of this security represents an investment of securities lending collateral.

^h  The cost of investments for federal income tax purposes was $3,271,273,897. Net unrealized depreciation was $268,244,820, of which $226,473,770 represented gross unrealized appreciation on securities and $494,718,590 represented gross unrealized depreciation on securities.

115

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EUROPE ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	2,969,851,499	$	—	$	2	$	2,969,851,501
Preferred stocks		25,845,782		—		—		25,845,782
Rights		249,729		—		—		249,729
Money market funds		7,082,065		—		—		7,082,065
Total	$	3,003,029,075	$	—	$	2	$	3,003,029,077

116

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL 100 ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.54%
AUSTRALIA — 0.66%
BHP Billiton Ltd.		487,255	$	8,700,875
Westfield Corp.		285,127		1,756,215
				10,457,090
FRANCE — 5.83%
AXA SA		293,313		8,012,188
Carrefour SA		85,369		2,156,693
Cie. de Saint-Gobain		78,900		4,209,704
Engie SA		244,104		3,679,225
L’Oreal SA		37,200		7,738,951
LVMH Moet Hennessy Louis Vuitton SE		41,431		10,315,576
Orange SA		347,144		5,499,538
Sanofi		173,024		16,529,409
Schneider Electric SE		89,519		6,868,327
Societe Generale SA		113,066		6,075,184
Total SA		374,982		18,512,376
Vivendi SA		135,093		3,003,026
				92,600,197
GERMANY — 5.90%
Allianz SE Registered		69,332		13,632,808
BASF SE		139,261		12,879,860
Bayer AG Registered		125,156		16,158,923
Daimler AG Registered		150,916		10,907,703
Deutsche Bank AG Registereda		311,726		5,519,744
Deutsche Telekom AG Registered		488,778		8,763,518
E.ON SE		331,105		3,114,790
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen Registered		23,358		4,703,463
RWE AGb		72,517		1,442,863
Siemens AG Registered		115,457		15,848,227
Volkswagen AG		4,897		758,201
				93,730,100
JAPAN — 4.74%
Bridgestone Corp.		102,900		4,432,503
Canon Inc.		166,550		5,656,415
Honda Motor Co. Ltd.		273,200		7,450,025
Mitsubishi UFJ Financial Group Inc.		2,147,600		14,426,918
Nissan Motor Co. Ltd.		362,600		3,607,928

Security	Shares		Value
Panasonic Corp.		351,300	$	4,764,873
Seven & I Holdings Co. Ltd.		120,420		4,959,983
Sony Corp.		190,500		7,266,670
Toyota Motor Corp.		433,100		22,715,008
				75,280,323
NETHERLANDS — 1.92%
Aegon NV		209,978		1,070,762
ING Groep NV		585,063		10,076,133
Koninklijke Philips NV		139,677		4,953,701
Unilever NV CVA		259,929		14,325,044
				30,425,640
SOUTH KOREA — 2.05%
Samsung Electronics Co. Ltd. GDRb		31,492		32,594,220
				32,594,220
SPAIN — 2.04%
Banco Bilbao Vizcaya Argentaria SA		1,004,731		8,325,297
Banco Santander SA		2,208,404		14,588,861
Repsol SA		169,850		2,595,880
Telefonica SA		667,706		6,882,908
				32,392,946
SWEDEN — 0.21%
Telefonaktiebolaget LM Ericsson Class B		457,281		3,266,467
				3,266,467
SWITZERLAND — 6.36%
ABB Ltd. Registered		302,945		7,490,981
Credit Suisse Group AG Registered		353,635		5,118,134
Nestle SA Registered		470,015		40,957,293
Novartis AG Registered		396,761		33,061,691
Swiss Re AG		49,364		4,518,096
UBS Group AG		581,589		9,862,690
				101,008,885
UNITED KINGDOM — 10.64%
Anglo American PLCb		211,520		2,813,478
AstraZeneca PLC		190,933		12,735,431
Aviva PLC		610,423		4,170,699
Barclays PLC		2,382,898		6,275,647
BP PLC		2,849,798		16,391,318
Diageo PLC		378,575		11,155,342

117

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL 100 ETF

June 30, 2017

Security	Shares		Value
GlaxoSmithKline PLC		737,480	$	15,667,258
HSBC Holdings PLC		3,007,006		27,798,634
National Grid PLC		547,104		6,764,065
Prudential PLC		389,568		8,911,172
Rio Tinto PLC		180,772		7,612,659
Royal Dutch Shell PLC Class A ADR		675,419		17,853,768
Royal Dutch Shell PLC Class B		567,612		15,206,796
Standard Chartered PLCb		415,454		4,194,188
Vodafone Group PLC		4,006,578		11,332,454
				168,882,909
UNITED STATES — 59.19%
3M Co.		90,300		18,799,557
Alphabet Inc. Class Ab		45,027		41,860,701
Alphabet Inc. Class Cb		45,065		40,951,917
Aon PLC		39,468		5,247,271
Apple Inc.		787,910		113,474,798
Bristol-Myers Squibb Co.		248,424		13,842,185
Caterpillar Inc.		88,793		9,541,696
Chevron Corp.		286,133		29,852,256
Citigroup Inc.		416,029		27,824,020
Coca-Cola Co. (The)		581,170		26,065,475
Colgate-Palmolive Co.		133,125		9,868,556
Dow Chemical Co. (The)		169,411		10,684,752
EI du Pont de Nemours & Co.		131,561		10,618,288
Exxon Mobil Corp.		640,799		51,731,703
Ford Motor Co.		591,060		6,613,961
General Electric Co.		1,315,575		35,533,681
Goldman Sachs Group Inc. (The)		55,497		12,314,784
HP Inc.		253,933		4,438,749
Intel Corp.		711,573		24,008,473
International Business Machines Corp.		129,218		19,877,605
Johnson & Johnson		407,356		53,889,125
JPMorgan Chase & Co.		536,564		49,041,950
Kimberly-Clark Corp.		53,478		6,904,545
Marsh & McLennan Companies Inc.		77,629		6,051,957
McDonald’s Corp.		123,205		18,870,078
Merck & Co. Inc.		413,242		26,484,680
Microsoft Corp.		1,167,006		80,441,724
Morgan Stanley		214,785		9,570,820
NIKE Inc. Class B		201,094		11,864,546

Security	Shares		Value
PepsiCo Inc.		215,768	$	24,919,046
Pfizer Inc.		901,799		30,291,428
Philip Morris International Inc.		234,601		27,553,887
Procter & Gamble Co. (The)		386,265		33,662,995
Texas Instruments Inc.		150,711		11,594,197
Twenty-First Century Fox Inc. Class A NVS		160,923		4,560,558
United Technologies Corp.		113,039		13,803,192
Wal-Mart Stores Inc.		223,375		16,905,020
				939,560,176
TOTAL COMMON STOCKS (Cost: $1,321,742,780)				1,580,198,953
RIGHTS — 0.01%
SPAIN — 0.01%
Repsol SA (Expires 07/05/17)b		176,235		80,402
				80,402
TOTAL RIGHTS
(Cost: $84,100)				80,402
SHORT-TERM INVESTMENTS — 0.44%
MONEY MARKET FUNDS — 0.44%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		5,924,404		5,926,181
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		1,066,446		1,066,446
				6,992,627
TOTAL SHORT-TERM INVESTMENTS
(Cost: $6,993,180)				6,992,627

118

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL 100 ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 99.99%
(Cost: $1,328,820,060)f	$	1,587,271,982
Other Assets, Less Liabilities — 0.01%		151,171
NET ASSETS — 100.00%	$	1,587,423,153

ADR  —  American Depositary Receipts

GDR  —  Global Depositary Receipts

NVS  —  Non-Voting Shares

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $1,376,753,936. Net unrealized appreciation was $210,518,046, of which $390,810,399 represented gross unrealized appreciation on securities and $180,292,353 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	1,580,198,953	$	—	$	—	$	1,580,198,953
Rights		80,402		—		—		80,402
Money market funds		6,992,627		—		—		6,992,627
Total	$	1,587,271,982	$	—	$	—	$	1,587,271,982

119

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL CLEAN ENERGY ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 92.72%
CANADA — 4.93%
Boralex Inc. Class A		146,544	$	2,477,944
Canadian Solar Inc.a,b		118,980		1,894,162
				4,372,106
CHILE — 4.38%
Enel Americas SA ADR		412,621		3,891,016
				3,891,016
CHINA — 21.64%
China Everbright International Ltd.		3,142,000		3,920,230
China Longyuan Power Group Corp. Ltd.		5,552,000		4,039,654
GCL-Poly Energy Holdings Ltd.a,b		33,436,000		3,640,656
Huaneng Renewables Corp. Ltd. Class H		10,626,000		3,280,449
JinkoSolar Holding Co. Ltd.a,b		58,137		1,209,250
Xinyi Solar Holdings Ltd.a		10,924,000		3,120,563
				19,210,802
DENMARK — 5.55%
Vestas Wind Systems A/S		53,481		4,930,674
				4,930,674
GERMANY — 3.14%
Nordex SEa,b		169,172		2,075,168
SMA Solar Technology AGa		23,643		709,206
				2,784,374
JAPAN — 6.38%
Electric Power Development Co. Ltd.		192,600		4,761,862
eRex Co. Ltd.a		103,800		900,721
				5,662,583
NEW ZEALAND — 5.28%
Meridian Energy Ltd.		2,198,444		4,684,229
				4,684,229
NORWAY — 0.80%
REC Silicon ASAa,b		5,477,347		709,463
				709,463
PORTUGAL — 4.89%
EDP Renovaveis SA		546,837		4,342,788
				4,342,788
SPAIN — 5.14%
Gamesa Corp. Tecnologica SA		213,841		4,559,642
				4,559,642

Security	Shares		Value
UNITED STATES — 30.59%
Covanta Holding Corp.		279,414	$	3,688,265
First Solar Inc.a,b		155,341		6,194,999
IDACORP Inc.		52,284		4,462,439
Pattern Energy Group Inc.		181,189		4,319,546
Renewable Energy Group Inc.a,b		93,520		1,211,084
SolarEdge Technologies Inc.a,b		78,732		1,574,640
SunPower Corp.a,b		158,721		1,482,454
Sunrun Inc.a,b		172,606		1,228,955
TerraForm Global Inc. Class Ab		120,593		608,995
TerraForm Power Inc.a,b		198,643		2,383,716
				27,155,093
TOTAL COMMON STOCKS
(Cost: $83,727,946)				82,302,770
PREFERRED STOCKS — 6.17%
BRAZIL — 6.17%
Cia. Energetica de Minas Gerais ADR, Preference Shares		1,433,963		3,441,511
Cia. Paranaense de Energia Class B ADR, Preference Sharesa		276,955		2,032,850
				5,474,361
TOTAL PREFERRED STOCKS
(Cost: $7,109,421)				5,474,361
SHORT-TERM INVESTMENTS — 23.31%
MONEY MARKET FUNDS — 23.31%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		20,666,041		20,672,240
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		23,492		23,492
				20,695,732
TOTAL SHORT-TERM INVESTMENTS
(Cost: $20,690,668)				20,695,732

120

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL CLEAN ENERGY ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 122.20%
(Cost: $111,528,035)f	$	108,472,863
Other Assets, Less Liabilities — (22.20)%		(19,707,122	)
NET ASSETS — 100.00%	$	88,765,741

ADR — American Depositary Receipts

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $116,288,990. Net unrealized depreciation was $7,816,127, of which $10,617,565 represented gross unrealized appreciation on securities and $18,433,692 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	82,302,770	$	—	$	—	$	82,302,770
Preferred stocks		5,474,361		—		—		5,474,361
Money market funds		20,695,732		—		—		20,695,732
Total	$	108,472,863	$	—	$	—	$	108,472,863

121

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL CONSUMER DISCRETIONARY ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 98.00%
AUSTRALIA — 0.31%
Aristocrat Leisure Ltd.		42,153	$	729,443
				729,443
BRAZIL — 0.17%
Kroton Educacional SA ADR		88,919		400,136
				400,136
CANADA — 1.64%
Canadian Tire Corp. Ltd. Class A		4,029		457,780
Dollarama Inc.		6,478		618,071
Gildan Activewear Inc.		13,470		413,321
Magna International Inc. Class A		21,246		982,711
Restaurant Brands International Inc.		13,884		867,443
Shaw Communications Inc. Class B		25,516		555,823
				3,895,149
DENMARK — 0.26%
Pandora A/S		6,489		604,723
				604,723
FINLAND — 0.13%
Nokian Renkaat OYJ		7,292		301,404
				301,404
FRANCE — 5.95%
Accor SA		11,841		554,323
Christian Dior SEa		655		187,027
Cie. Generale des Etablissements Michelin Class B		10,699		1,420,399
Hermes International		1,295		639,029
Kering		4,290		1,459,080
Lagardere SCA		6,524		205,742
LVMH Moet Hennessy Louis Vuitton SE		15,747		3,920,721
Peugeot SA		28,224		562,214
Publicis Groupe SA		11,806		879,421
Renault SA		10,996		993,913
SES SA		21,865		511,855
Sodexo SA		5,472		706,491
Valeo SA		13,925		936,889
Vivendi SA		50,971		1,133,051
				14,110,155

Security	Shares		Value
GERMANY — 4.33%
adidas AG		12,036	$	2,302,815
Bayerische Motoren Werke AG		18,094		1,677,384
Continental AG		6,389		1,376,874
Daimler AG Registered		56,626		4,092,738
ProSiebenSat.1 Media SE Registered		13,293		555,511
Volkswagen AG		1,725		267,081
				10,272,403
HONG KONG — 0.67%
Galaxy Entertainment Group Ltd.		144,000		874,354
Sands China Ltd.a		156,000		714,409
				1,588,763
IRELAND — 0.21%
Paddy Power Betfair PLC		4,561		486,235
				486,235
ITALY — 0.79%
Ferrari NV		7,449		638,471
Fiat Chrysler Automobiles NVb		60,570		637,637
Luxottica Group SpA		7,911		457,009
Mediaset SpAa		35,355		138,796
				1,871,913
JAPAN — 13.30%
Aisin Seiki Co. Ltd.		11,700		598,745
Bridgestone Corp.		38,500		1,658,419
Denso Corp.		30,400		1,282,990
Dentsu Inc.		14,400		688,217
Fast Retailing Co. Ltd.		3,700		1,232,236
Honda Motor Co. Ltd.		105,600		2,879,658
Isuzu Motors Ltd.		33,500		413,234
Mazda Motor Corp.		33,500		467,497
Nikon Corp.		24,000		383,624
Nissan Motor Co. Ltd.		142,300		1,415,908
Nitori Holdings Co. Ltd.		4,800		642,506
Oriental Land Co. Ltd./Japan		12,900		873,471
Panasonic Corp.		134,500		1,824,297
Rakuten Inc.		52,800		621,232
Sekisui House Ltd.		38,400		676,511
Shimano Inc.		4,800		759,559
Sony Corp.a		72,000		2,746,458
Subaru Corp.		38,400		1,293,898
Sumitomo Electric Industries Ltd.		48,000		739,053
Suzuki Motor Corp.		24,000		1,138,484

122

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL CONSUMER DISCRETIONARY ETF

June 30, 2017

Security	Shares		Value
Toyota Industries Corp.		12,000	$	631,186
Toyota Motor Corp.		163,200		8,559,430
				31,526,613
MEXICO — 0.32%
Grupo Televisa SAB		155,800		761,365
				761,365
NETHERLANDS — 0.28%
Altice NV Class Aa,b		25,483		587,105
Altice NV Class Bb		2,782		64,111
				651,216
SOUTH KOREA — 0.22%
Hyundai Motor Co. GDR		7,549		526,183
				526,183
SPAIN — 1.05%
Industria de Diseno Textil SA		64,651		2,478,324
				2,478,324
SWEDEN — 0.76%
Electrolux AB Class B		14,156		463,388
Hennes & Mauritz AB Class B		53,982		1,343,382
				1,806,770
SWITZERLAND — 1.43%
Cie. Financiere Richemont SA Class A Registered		29,906		2,467,054
Swatch Group AG (The) Bearer		1,967		727,317
Swatch Group AG (The) Registered		2,816		205,984
				3,400,355
UNITED KINGDOM — 4.79%
Barratt Developments PLC		57,983		424,411
Burberry Group PLC		25,894		558,677
Carnival PLC		12,297		811,438
Compass Group PLC		92,312		1,942,519
Daily Mail & General Trust PLC Class A NVS		15,682		135,869
GKN PLC		104,855		444,016
InterContinental Hotels Group PLC		11,413		632,579
ITV PLC		202,992		478,309
Kingfisher PLC		127,680		498,710
Marks & Spencer Group PLC		92,928		402,322
Next PLC		8,501		425,794
Pearson PLC		46,404		416,812
Persimmon PLC		17,868		520,360

Security	Shares		Value
Sky PLC		59,040	$	762,298
Taylor Wimpey PLC		188,380		431,154
UBM PLC		20,979		188,030
Whitbread PLC		10,611		546,778
William Hill PLC		49,680		164,040
WPP PLC		75,264		1,577,913
				11,362,029
UNITED STATES — 61.39%
Advance Auto Parts Inc.		4,320		503,669
Amazon.com Inc.b		22,662		21,936,816
AutoNation Inc.a,b		3,597		151,650
AutoZone Inc.b		1,641		936,125
Bed Bath & Beyond Inc.		7,813		237,515
Best Buy Co. Inc.		15,265		875,142
BorgWarner Inc.		11,665		494,129
CarMax Inc.a,b		10,610		669,067
Carnival Corp.		23,730		1,555,976
CBS Corp. Class B NVS		21,232		1,354,177
Charter Communications Inc. Class Ab		12,339		4,156,392
Chipotle Mexican Grill Inc.a,b		1,658		689,894
Coach Inc.		16,039		759,286
Comcast Corp. Class A		270,408		10,524,279
Darden Restaurants Inc.		7,203		651,439
Delphi Automotive PLC		15,504		1,358,926
Discovery Communications Inc. Class Ab		9,500		245,385
Discovery Communications Inc. Class C NVSb		10,900		274,789
DISH Network Corp. Class Ab		13,163		826,110
Dollar General Corp.		14,445		1,041,340
Dollar Tree Inc.b		13,582		949,653
DR Horton Inc.		18,916		653,926
Expedia Inc.		7,002		1,042,948
Foot Locker Inc.		7,535		371,325
Ford Motor Co.		222,348		2,488,074
Gap Inc. (The)		12,440		273,556
Garmin Ltd.		6,331		323,071
General Motors Co.		78,000		2,724,540
Genuine Parts Co.		8,423		781,317
Goodyear Tire & Rubber Co. (The)		14,494		506,710
H&R Block Inc.		11,851		366,314
Hanesbrands Inc.		20,663		478,555
Harley-Davidson Inc.		10,222		552,192

123

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL CONSUMER DISCRETIONARY ETF

June 30, 2017

Security	Shares		Value
Hasbro Inc.		6,338	$	706,750
Hilton Worldwide Holdings Inc.		11,714		724,511
Home Depot Inc. (The)		68,342		10,483,663
Interpublic Group of Companies Inc. (The)		21,904		538,838
Kohl’s Corp.		9,688		374,635
L Brands Inc.		13,731		739,964
Leggett & Platt Inc.		7,090		372,438
Lennar Corp. Class A		11,328		604,009
LKQ Corp.b		17,018		560,743
Lowe’s Companies Inc.		49,050		3,802,847
Macy’s Inc.		17,033		395,847
Marriott International Inc./MD Class A		17,840		1,789,530
Mattel Inc.		19,296		415,443
McDonald’s Corp.		46,651		7,145,067
Michael Kors Holdings Ltd.b		8,686		314,868
Mohawk Industries Inc.b		3,555		859,208
Netflix Inc.b		24,668		3,685,646
Newell Brands Inc.		27,438		1,471,226
News Corp. Class A		21,744		297,893
News Corp. Class B		5,158		72,986
NIKE Inc. Class B		75,658		4,463,822
Nordstrom Inc.a		6,429		307,499
O’Reilly Automotive Inc.b		5,286		1,156,260
Omnicom Group Inc.		13,053		1,082,094
Priceline Group Inc. (The)b		2,810		5,256,161
PulteGroup Inc.		15,695		384,998
PVH Corp.		4,368		500,136
Ralph Lauren Corp.		3,020		222,876
Ross Stores Inc.		22,966		1,325,827
Royal Caribbean Cruises Ltd.		9,455		1,032,770
Scripps Networks Interactive Inc. Class A		5,326		363,819
Signet Jewelers Ltd.		3,788		239,553
Staples Inc.		36,240		364,937
Starbucks Corp.		82,628		4,818,039
Target Corp.		31,581		1,651,370
Tiffany & Co.		6,294		590,818
Time Warner Inc.		44,317		4,449,870
TJX Companies Inc. (The)		37,066		2,675,053
Tractor Supply Co.		7,549		409,231
TripAdvisor Inc.b		6,426		245,473

Security	Shares		Value
Twenty-First Century Fox Inc. Class A NVS		63,253	$	1,792,590
Twenty-First Century Fox Inc. Class B		24,672		687,609
Ulta Salon Cosmetics & Fragrance Inc.b		3,416		981,553
Under Armour Inc. Class Aa,b		10,123		220,276
Under Armour Inc. Class Ca,b		10,631		214,321
VF Corp.		18,243		1,050,797
Viacom Inc. Class B NVS		19,973		670,494
Walt Disney Co. (The)		83,230		8,843,188
Whirlpool Corp.		4,127		790,816
Wyndham Worldwide Corp.		5,808		583,181
Wynn Resorts Ltd.		4,610		618,293
Yum! Brands Inc.		18,836		1,389,343
				145,493,466
TOTAL COMMON STOCKS (Cost: $239,838,867)				232,266,645
PREFERRED STOCKS — 1.36%
GERMANY — 0.99%
Bayerische Motoren Werke AG, Preference Shares		3,122		257,018
Porsche Automobil Holding SE, Preference Shares		8,640		484,735
Volkswagen AG, Preference Shares		10,513		1,598,947
				2,340,700
SOUTH KOREA — 0.37%
Hyundai Motor Co. GDR, Preference Sharesa,c		17,920		874,496
				874,496
TOTAL PREFERRED STOCKS (Cost: $4,443,409)				3,215,196
SHORT-TERM INVESTMENTS — 2.91%
MONEY MARKET FUNDS — 2.91%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		6,844,010		6,846,063

124

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL CONSUMER DISCRETIONARY ETF

June 30, 2017

Security	Shares		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		62,893	$	62,893
				6,908,956
TOTAL SHORT-TERM INVESTMENTS (Cost: $6,908,080)				6,908,956
TOTAL INVESTMENTS IN SECURITIES — 102.27% (Cost: $251,190,356)g				242,390,797
Other Assets, Less Liabilities — (2.27)%				(5,373,199	)
NET ASSETS — 100.00%			$	237,017,598

ADR  —  American Depositary Receipts

GDR  —  Global Depositary Receipts

NVS  —  Non-Voting Shares

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $251,675,268. Net unrealized depreciation was $9,284,471, of which $17,642,871 represented gross unrealized appreciation on securities and $26,927,342 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	231,740,462	$	526,183	$	—	$	232,266,645
Preferred stocks		3,215,196		—		—		3,215,196
Money market funds		6,908,956		—		—		6,908,956
Total	$	241,864,614	$	526,183	$	—	$	242,390,797

125

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL CONSUMER STAPLES ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 98.88%
AUSTRALIA — 1.99%
Treasury Wine Estates Ltd.		141,414	$	1,427,487
Wesfarmers Ltd.		205,518		6,324,620
Woolworths Ltd.		237,738		4,657,396
				12,409,503
BELGIUM — 2.80%
Anheuser-Busch InBev SA/NV		152,844		16,859,089
Colruyt SA		10,651		560,326
				17,419,415
BRAZIL — 0.91%
Ambev SA ADR		792,433		4,350,457
BRF SA ADR		114,010		1,344,178
				5,694,635
CANADA — 1.45%
Alimentation Couche-Tard Inc. Class B		75,180		3,598,359
George Weston Ltd.		8,374		756,929
Loblaw Companies Ltd.		37,269		2,070,213
Metro Inc.		41,372		1,359,634
Saputo Inc.		39,778		1,263,450
				9,048,585
DENMARK — 0.32%
Carlsberg A/S Class B		18,518		1,975,712
				1,975,712
FRANCE — 4.15%
Carrefour SAa		101,491		2,563,985
Casino Guichard Perrachon SA		10,074		595,866
Danone SA		112,190		8,420,936
L’Oreal SA		43,527		9,055,197
Pernod Ricard SA		39,166		5,237,649
				25,873,633
GERMANY — 0.44%
Beiersdorf AG		16,850		1,768,849
METRO AG		29,289		987,302
				2,756,151
IRELAND — 0.37%
Kerry Group PLC Class A		26,632		2,288,158
				2,288,158

Security	Shares		Value
JAPAN — 6.42%
Aeon Co. Ltd.		157,317	$	2,389,998
Ajinomoto Co. Inc.		104,000		2,245,959
Asahi Group Holdings Ltd.		82,498		3,104,321
Japan Tobacco Inc.		199,900		7,022,119
Kao Corp.		88,200		5,237,366
Kirin Holdings Co. Ltd.		164,496		3,351,116
MEIJI Holdings Co. Ltd.		27,500		2,229,664
NH Foods Ltd.		38,000		1,154,948
Nissin Foods Holdings Co. Ltd.		16,800		1,049,626
Seven & I Holdings Co. Ltd.		140,637		5,792,702
Shiseido Co. Ltd.		71,100		2,527,353
Unicharm Corp.		78,300		1,966,559
Yakult Honsha Co. Ltd.		28,520		1,941,777
				40,013,508
MEXICO — 0.97%
Fomento Economico Mexicano SAB de CV		398,309		3,933,851
Wal-Mart de Mexico SAB de CV		919,910		2,141,234
				6,075,085
NETHERLANDS — 4.24%
Heineken Holding NV		19,524		1,787,015
Heineken NV		37,441		3,635,334
Koninklijke Ahold Delhaize NV		226,717		4,328,664
Unilever NV CVA		303,006		16,699,077
				26,450,090
NORWAY — 0.47%
Marine Harvest ASA		79,068		1,348,847
Orkla ASA		153,329		1,553,123
				2,901,970
SPAIN — 0.12%
Distribuidora Internacional de Alimentacion SA		117,324		729,420
				729,420
SWEDEN — 0.69%
Essity AB Class Bb		114,545		3,130,294
Swedish Match AB		33,330		1,172,441
				4,302,735
SWITZERLAND — 8.08%
Chocoladefabriken Lindt & Spruengli AG Participation Certificates		186		1,079,893

126

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL CONSUMER STAPLES ETF

June 30, 2017

Security	Shares		Value
Chocoladefabriken Lindt & Spruengli AG Registered		19	$	1,326,320
Nestle SA Registered		550,300		47,953,360
				50,359,573
UNITED KINGDOM — 12.18%
Associated British Foods PLC		62,983		2,401,992
British American Tobacco PLC		329,400		22,394,920
Diageo PLC		442,907		13,050,992
Imperial Brands PLC		171,555		7,684,680
J Sainsbury PLC		303,301		991,629
Reckitt Benckiser Group PLC		118,348		11,966,191
Tate & Lyle PLC		85,428		734,599
Tesco PLCb		1,444,596		3,167,459
Unilever PLC		226,652		12,232,713
Wm Morrison Supermarkets PLC		405,908		1,271,737
				75,896,912
UNITED STATES — 53.28%
Altria Group Inc.		341,424		25,425,845
Archer-Daniels-Midland Co.		100,939		4,176,856
Brown-Forman Corp. Class B		31,945		1,552,527
Campbell Soup Co.		34,295		1,788,484
Church & Dwight Co. Inc.		43,844		2,274,627
Clorox Co. (The)		22,889		3,049,730
Coca-Cola Co. (The)		678,879		30,447,723
Colgate-Palmolive Co.		156,058		11,568,580
Conagra Brands Inc.		72,101		2,578,332
Constellation Brands Inc. Class A		30,279		5,865,951
Costco Wholesale Corp.		77,359		12,372,025
Coty Inc. Class A		86,330		1,619,551
CVS Health Corp.		180,128		14,493,099
Dr Pepper Snapple Group Inc.		32,728		2,981,848
Estee Lauder Companies Inc. (The) Class A		39,713		3,811,654
General Mills Inc.		103,278		5,721,601
Hershey Co. (The)		24,799		2,662,669
Hormel Foods Corp.		47,817		1,631,038
JM Smucker Co. (The)		20,674		2,446,354
Kellogg Co.		45,390		3,152,789
Kimberly-Clark Corp.		62,812		8,109,657
Kraft Heinz Co. (The)		105,128		9,003,162
Kroger Co. (The)		161,445		3,764,897
McCormick & Co. Inc./MD NVS		20,110		1,960,926
Molson Coors Brewing Co. Class B		33,060		2,854,400

Security	Shares		Value
Mondelez International Inc. Class A		268,407	$	11,592,498
Monster Beverage Corp.b		71,294		3,541,886
PepsiCo Inc.		252,163		29,122,305
Philip Morris International Inc.		274,576		32,248,951
Procter & Gamble Co. (The)		451,306		39,331,318
Reynolds American Inc.		146,248		9,511,970
Sysco Corp.		86,553		4,356,213
Tyson Foods Inc. Class A		51,203		3,206,844
Wal-Mart Stores Inc.		260,178		19,690,271
Walgreens Boots Alliance Inc.		150,613		11,794,504
Whole Foods Market Inc.		56,501		2,379,257
				332,090,342
TOTAL COMMON STOCKS (Cost: $512,581,107)				616,285,427
PREFERRED STOCKS — 0.70%
GERMANY — 0.70%
Henkel AG & Co. KGaA, Preference Shares		31,597		4,342,574
				4,342,574
TOTAL PREFERRED STOCKS (Cost: $3,117,352)				4,342,574
SHORT-TERM INVESTMENTS — 0.06%
MONEY MARKET FUNDS — 0.06%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		171,788		171,840
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		241,194		241,194
				413,034
TOTAL SHORT-TERM INVESTMENTS (Cost: $413,051)				413,034

127

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL CONSUMER STAPLES ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 99.64% (Cost: $516,111,510)f	$	621,041,035
Other Assets, Less Liabilities — 0.36%		2,228,894
NET ASSETS — 100.00%	$	623,269,929

ADR  —  American Depositary Receipts

NVS  —  Non-Voting Shares

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $518,929,119. Net unrealized appreciation was $102,111,916, of which $121,916,020 represented gross unrealized appreciation on securities and $19,804,104 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	616,285,427	$	—	$	—	$	616,285,427
Preferred stocks		4,342,574		—		—		4,342,574
Money market funds		413,034		—		—		413,034
Total	$	621,041,035	$	—	$	—	$	621,041,035

128

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL ENERGY ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.05%
AUSTRALIA — 1.91%
Caltex Australia Ltd.		99,272	$	2,406,994
Oil Search Ltd.		443,895		2,322,139
Origin Energy Ltd.a		644,463		3,391,140
Santos Ltd.a		654,998		1,522,321
Woodside Petroleum Ltd.		272,764		6,249,510
				15,892,104
AUSTRIA — 0.34%
OMV AG		55,088		2,854,709
				2,854,709
BRAZIL — 1.01%
Petroleo Brasileiro SA ADRa,b		563,666		4,503,691
Ultrapar Participacoes SA ADR		165,134		3,885,603
				8,389,294
CANADA — 11.02%
ARC Resources Ltd.		129,081		1,685,696
Cameco Corp.		144,660		1,315,496
Canadian Natural Resources Ltd.		399,930		11,523,355
Cenovus Energy Inc.		375,535		2,764,391
Crescent Point Energy Corp.		197,425		1,508,013
Enbridge Inc.		609,293		24,236,603
Encana Corp.		356,633		3,133,274
Husky Energy Inc.a,b		110,241		1,249,517
Imperial Oil Ltd.b		95,704		2,785,563
Inter Pipeline Ltd.		143,356		2,803,759
Pembina Pipeline Corp.		152,645		5,048,204
Suncor Energy Inc.		620,884		18,114,495
TransCanada Corp.		326,030		15,519,500
				91,687,866
CHINA — 2.27%
China Petroleum & Chemical Corp. Class H		9,562,400		7,459,859
CNOOC Ltd.		6,063,000		6,640,490
PetroChina Co. Ltd. Class H		7,862,000		4,814,014
				18,914,363
COLOMBIA — 0.13%
Ecopetrol SA ADRb		121,583		1,105,190
				1,105,190

Security	Shares		Value
FRANCE — 5.48%
Total SA		924,165	$	45,624,830
				45,624,830
ITALY — 2.74%
Eni SpA		1,006,345		15,104,874
Saipem SpAa		212,588		784,139
Snam SpA		940,456		4,093,183
Tenaris SA		180,408		2,808,683
				22,790,879
JAPAN — 1.10%
INPEX Corp.		407,500		3,920,501
JXTG Holdings Inc.		1,196,120		5,223,710
				9,144,211
NORWAY — 0.97%
Statoil ASA		405,759		6,703,998
Subsea 7 SA		100,723		1,350,324
				8,054,322
PORTUGAL — 0.31%
Galp Energia SGPS SA		173,756		2,626,842
				2,626,842
SPAIN — 0.92%
Enagas SA		28,529		798,826
Repsol SA		447,217		6,834,983
				7,633,809
UNITED KINGDOM — 14.82%
Amec Foster Wheeler PLC		146,834		891,090
BP PLC		7,010,650		40,323,488
Royal Dutch Shell PLC Class A ADR		1,662,692		43,950,965
Royal Dutch Shell PLC Class B		1,388,274		37,193,011
Tullow Oil PLCa,b		499,557		977,891
				123,336,445
UNITED STATES — 56.03%
Anadarko Petroleum Corp.		207,500		9,408,050
Apache Corp.		141,255		6,770,352
Baker Hughes Inc.		158,856		8,659,241
Cabot Oil & Gas Corp.		173,439		4,349,850
Chesapeake Energy Corp.a,b		282,789		1,405,461
Chevron Corp.		703,706		73,417,647
Cimarex Energy Co.		35,092		3,298,999
Concho Resources Inc.a		54,659		6,642,708

129

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL ENERGY ETF

June 30, 2017

Security	Shares		Value
ConocoPhillips		458,813	$	20,169,420
Devon Energy Corp.		193,724		6,193,356
EOG Resources Inc.		214,268		19,395,539
EQT Corp.		64,267		3,765,404
Exxon Mobil Corp.		1,575,402		127,182,204
Halliburton Co.		322,051		13,754,798
Helmerich & Payne Inc.		40,115		2,179,849
Hess Corp.		100,474		4,407,794
Kinder Morgan Inc./DE		710,287		13,609,099
Marathon Oil Corp.		312,196		3,699,523
Marathon Petroleum Corp.		191,870		10,040,557
Murphy Oil Corp.		59,182		1,516,835
National Oilwell Varco Inc.		140,270		4,620,494
Newfield Exploration Co.a		72,807		2,072,087
Noble Energy Inc.		169,503		4,796,935
Occidental Petroleum Corp.		283,754		16,988,352
ONEOK Inc.		140,887		7,348,666
Phillips 66		162,580		13,443,740
Pioneer Natural Resources Co.		62,992		10,052,263
Range Resources Corp.		68,814		1,594,420
Schlumberger Ltd.		514,833		33,896,605
TechnipFMC PLCa		172,159		4,682,725
Tesoro Corp.		56,054		5,246,655
Transocean Ltd.a		140,971		1,160,191
Valero Energy Corp.		165,181		11,143,110
Williams Companies Inc. (The)		307,449		9,309,556
				466,222,485
TOTAL COMMON STOCKS (Cost: $1,057,283,280)				824,277,349
PREFERRED STOCKS — 0.68%
BRAZIL — 0.68%
Petroleo Brasileiro SA ADR, Preference Sharesa		762,392		5,687,444
				5,687,444
TOTAL PREFERRED STOCKS (Cost: $19,557,360)				5,687,444

Security	Shares		Value
RIGHTS — 0.03%
SPAIN — 0.03%
Repsol SA (Expires 07/05/17)a		475,495	$	216,930
				216,930
TOTAL RIGHTS (Cost: $226,909)				216,930
SHORT-TERM INVESTMENTS — 1.18%
MONEY MARKET FUNDS — 1.18%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		7,728,658		7,730,976
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		2,080,615		2,080,615
				9,811,591
TOTAL SHORT-TERM INVESTMENTS (Cost: $9,811,604)				9,811,591
TOTAL INVESTMENTS IN SECURITIES — 100.94% (Cost: $1,086,879,153)f				839,993,314
Other Assets, Less Liabilities — (0.94)%				(7,852,159	)
NET ASSETS — 100.00%			$	832,141,155

ADR  —  American Depositary Receipts

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $1,122,072,162. Net unrealized depreciation was $282,078,848, of which $10,694,800 represented gross unrealized appreciation on securities and $292,773,648 represented gross unrealized depreciation on securities.

130

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL ENERGY ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	824,277,349	$	—	$	—	$	824,277,349
Preferred stocks		5,687,444		—		—		5,687,444
Rights		216,930		—		—		216,930
Money market funds		9,811,591		—		—		9,811,591
Total	$	839,993,314	$	—	$	—	$	839,993,314

131

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL FINANCIALS ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 98.34%
AUSTRALIA — 6.03%
AMP Ltd.		191,828	$	763,665
ASX Ltd.		13,810		567,889
Australia & New Zealand Banking Group Ltd.		185,054		4,076,679
BGP Holdings PLCa,b		608,993		7
Commonwealth Bank of Australia		108,678		6,903,162
Insurance Australia Group Ltd.		151,980		790,387
Macquarie Group Ltd.		21,710		1,473,760
Medibank Pvt Ltd.		177,818		381,907
National Australia Bank Ltd.		168,434		3,822,948
QBE Insurance Group Ltd.		87,100		789,027
Suncorp Group Ltd.		82,854		941,858
Westpac Banking Corp.		210,926		4,936,237
				25,447,526
AUSTRIA — 0.17%
Erste Group Bank AG		18,760		717,325
				717,325
BELGIUM — 0.60%
Ageas		11,941		480,217
Groupe Bruxelles Lambert SA		5,106		490,875
KBC Group NV		20,698		1,567,748
				2,538,840
BRAZIL — 0.17%
Banco do Brasil SA ADR		87,824		716,644
				716,644
CANADA — 7.16%
Bank of Montreal		41,005		3,006,465
Bank of Nova Scotia (The)		75,446		4,531,872
Brookfield Asset Management Inc. Class A		54,672		2,142,341
Canadian Imperial Bank of Commerce		25,459		2,066,007
Manulife Financial Corp.		123,403		2,309,946
National Bank of Canada		21,440		900,226
Power Corp. of Canada		23,044		524,864
Royal Bank of Canada		91,272		6,617,519
Sun Life Financial Inc.		38,711		1,381,876
Thomson Reuters Corp.		19,164		885,968
Toronto-Dominion Bank (The)		115,922		5,833,143
				30,200,227

Security	Shares		Value
CHILE — 0.15%
Banco de Chile ADRc		4,065	$	316,785
Banco Santander Chile ADR		12,906		327,942
				644,727
CHINA — 3.34%
Bank of China Ltd. Class H		4,717,000		2,314,254
China Construction Bank Corp. Class H		5,894,720		4,568,409
China Life Insurance Co. Ltd. Class H		536,000		1,637,569
Industrial & Commercial Bank of China Ltd. Class H		4,958,000		3,347,060
Ping An Insurance Group Co. of China Ltd. Class H		335,000		2,207,886
				14,075,178
COLOMBIA — 0.10%
Bancolombia SA ADR		9,529		424,517
				424,517
DENMARK — 0.41%
Danske Bank A/S		45,450		1,745,824
				1,745,824
FINLAND — 0.37%
Sampo OYJ Class A		30,688		1,570,504
				1,570,504
FRANCE — 2.88%
AXA SA		122,334		3,341,697
BNP Paribas SA		70,085		5,040,729
Credit Agricole SA		76,514		1,229,170
Societe Generale SA		47,034		2,527,199
				12,138,795
GERMANY — 2.84%
Allianz SE Registered		28,540		5,611,844
Commerzbank AGb		64,965		772,820
Deutsche Bank AG Registered		129,600		2,294,832
Deutsche Boerse AG		12,229		1,289,054
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen Registered		9,921		1,997,733
				11,966,283
HONG KONG — 2.06%
AIA Group Ltd.		777,200		5,679,824
Hang Seng Bank Ltd.		53,600		1,121,237

132

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL FINANCIALS ETF

June 30, 2017

Security	Shares		Value
Hong Kong Exchanges & Clearing Ltd.		73,100	$	1,889,665
				8,690,726
IRELAND — 0.11%
Bank of Irelandb		1,762,502		462,351
Irish Bank Resolution Corp. Ltd.a,b		47,975		1
				462,352
ITALY — 1.80%
Assicurazioni Generali SpA		84,603		1,390,478
Banco BPM SpAb,c		93,547		312,616
Intesa Sanpaolo SpA		881,226		2,790,109
Mediobanca SpA		36,004		354,796
UniCredit SpAb		130,516		2,433,861
Unione di Banche Italiane SpA		70,255		301,767
				7,583,627
JAPAN — 5.56%
Dai-ichi Life Holdings Inc.		80,400		1,450,077
Daiwa Securities Group Inc.		134,000		794,030
Mitsubishi UFJ Financial Group Inc.		884,400		5,941,128
Mizuho Financial Group Inc.		1,598,300		2,921,777
MS&AD Insurance Group Holdings Inc.		27,800		933,759
Nomura Holdings Inc.		234,100		1,403,017
ORIX Corp.		80,400		1,245,069
Resona Holdings Inc.		134,000		737,620
Sompo Holdings Inc.		26,800		1,034,934
Sumitomo Mitsui Financial Group Inc.		92,200		3,593,305
Sumitomo Mitsui Trust Holdings Inc.		21,027		752,114
T&D Holdings Inc.		40,200		611,622
Tokio Marine Holdings Inc.		49,300		2,040,711
				23,459,163
MEXICO — 0.24%
Grupo Financiero Banorte SAB de CV		160,800		1,025,136
				1,025,136
NETHERLANDS — 1.26%
Aegon NV		88,424		450,909
ING Groep NV		241,180		4,153,675
NN Group NV		20,618		731,814
				5,336,398

Security	Shares		Value
NORWAY — 0.23%
DNB ASA		58,156	$	985,854
				985,854
PERU — 0.19%
Credicorp Ltd.		4,559		817,839
				817,839
SINGAPORE — 1.27%
DBS Group Holdings Ltd.		113,100		1,703,667
Oversea-Chinese Banking Corp. Ltd.		254,600		1,995,231
United Overseas Bank Ltd.		99,400		1,669,120
				5,368,018
SOUTH KOREA — 0.64%
KB Financial Group Inc. ADR		25,619		1,293,504
Shinhan Financial Group Co. Ltd. ADR		32,723		1,423,123
				2,716,627
SPAIN — 2.75%
Banco Bilbao Vizcaya Argentaria SA		419,697		3,477,649
Banco de Sabadell SA		335,074		679,878
Banco Santander SA		914,685		6,042,469
Bankia SA		64,622		311,918
CaixaBank SA		226,943		1,081,951
				11,593,865
SWEDEN — 2.19%
Industrivarden AB Class A		7,772		197,651
Industrivarden AB Class C		15,678		375,474
Investor AB Class B		29,480		1,419,030
Kinnevik AB Class B		15,812		483,477
Nordea Bank AB		200,592		2,549,450
Skandinaviska Enskilda Banken AB Class A		106,396		1,285,398
Svenska Handelsbanken AB Class A		94,590		1,352,479
Swedbank AB Class A		64,172		1,561,970
				9,224,929
SWITZERLAND — 3.22%
Baloise Holding AG Registered		3,216		497,688
Credit Suisse Group AG Registered		146,704		2,123,236
Julius Baer Group Ltd.		13,936		734,163
Partners Group Holding AG		1,185		735,637
Swiss Life Holding AG Registered		2,144		724,480

133

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL FINANCIALS ETF

June 30, 2017

Security	Shares		Value
Swiss Re AG		21,038	$	1,925,527
UBS Group AG		240,379		4,076,390
Zurich Insurance Group AG		9,514		2,772,785
				13,589,906
UNITED KINGDOM — 7.63%
3i Group PLC		63,039		739,007
Aberdeen Asset Management PLC		59,619		233,875
Aviva PLC		253,126		1,729,477
Barclays PLC		984,585		2,593,022
Direct Line Insurance Group PLC		92,003		424,729
HSBC Holdings PLC		1,250,890		11,564,005
Legal & General Group PLC		370,446		1,242,915
Lloyds Banking Group PLC		4,480,356		3,849,768
London Stock Exchange Group PLC		20,230		958,086
Man Group PLC		108,406		217,980
Old Mutual PLC		309,004		776,270
Provident Financial PLC		9,514		300,675
Prudential PLC		161,470		3,693,545
Royal Bank of Scotland Group PLCb		204,574		656,888
RSA Insurance Group PLC		67,670		541,024
Schroders PLC		7,102		286,348
Standard Chartered PLCb		171,560		1,731,973
Standard Life PLC		124,252		644,136
				32,183,723
UNITED STATES — 44.97%
Affiliated Managers Group Inc.		3,621		600,579
Aflac Inc.		25,202		1,957,691
Allstate Corp. (The)		23,186		2,050,570
American Express Co.		47,592		4,009,150
American International Group Inc.		55,659		3,479,801
Ameriprise Financial Inc.		9,520		1,211,801
Aon PLC		16,344		2,172,935
Arthur J Gallagher & Co.		11,060		633,185
Assurant Inc.		3,356		347,984
Bank of America Corp.		623,559		15,127,541
Bank of New York Mellon Corp. (The)		66,209		3,377,983
BB&T Corp.		50,256		2,282,125
Berkshire Hathaway Inc. Class Bb		119,796		20,289,848
BlackRock Inc.d		7,582		3,202,713
Capital One Financial Corp.		30,856		2,549,323
CBOE Holdings Inc.		6,164		563,390
Charles Schwab Corp. (The)		75,978		3,264,015

Security	Shares		Value
Chubb Ltd.		29,476	$	4,285,221
Cincinnati Financial Corp.		9,513		689,217
Citigroup Inc.		172,414		11,531,048
Citizens Financial Group Inc.		31,222		1,114,001
CME Group Inc.		21,630		2,708,941
Comerica Inc.		10,586		775,319
Discover Financial Services		24,407		1,517,871
E*TRADE Financial Corp.b		17,286		657,387
Everest Re Group Ltd.		2,576		655,824
Fifth Third Bancorp.		46,636		1,210,671
Franklin Resources Inc.		21,860		979,109
Goldman Sachs Group Inc. (The)		22,930		5,088,167
Hartford Financial Services Group Inc. (The)		23,731		1,247,539
Huntington Bancshares Inc./OH		66,216		895,240
Intercontinental Exchange Inc.		37,930		2,500,346
Invesco Ltd.		25,325		891,187
JPMorgan Chase & Co.		222,613		20,346,828
KeyCorp		67,935		1,273,102
Leucadia National Corp.		21,034		550,249
Lincoln National Corp.		13,802		932,739
Loews Corp.		17,688		827,975
M&T Bank Corp.		9,445		1,529,618
Marsh & McLennan Companies Inc.		32,420		2,527,463
MetLife Inc.		67,945		3,732,898
Moody’s Corp.		10,592		1,288,835
Morgan Stanley		89,154		3,972,702
Nasdaq Inc.		7,918		566,058
Navient Corp.		19,832		330,203
Northern Trust Corp.		13,668		1,328,666
People’s United Financial Inc.		18,099		319,628
PNC Financial Services Group Inc. (The)d		30,153		3,765,205
Principal Financial Group Inc.		16,210		1,038,575
Progressive Corp. (The)		36,712		1,618,632
Prudential Financial Inc.		26,937		2,912,967
Raymond James Financial Inc.		8,040		644,969
Regions Financial Corp.		74,504		1,090,739
S&P Global Inc.		16,217		2,367,520
State Street Corp.		22,314		2,002,235
SunTrust Banks Inc.		29,773		1,688,724
Synchrony Financial		49,049		1,462,641
T Rowe Price Group Inc.		15,684		1,163,910

134

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL FINANCIALS ETF

June 30, 2017

Security	Shares		Value
Torchmark Corp.		6,562	$	501,993
Travelers Companies Inc. (The)		17,891		2,263,748
U.S. Bancorp.		98,776		5,128,450
Unum Group		14,200		662,146
Wells Fargo & Co.		281,957		15,623,237
Willis Towers Watson PLC		7,929		1,153,352
XL Group Ltd.		16,760		734,088
Zions BanCorp.		12,462		547,206
				189,765,023
TOTAL COMMON STOCKS (Cost: $410,369,579)				414,989,576
PREFERRED STOCKS — 1.21%
BRAZIL — 1.17%
Banco Bradesco SA ADR, Preference Shares		246,223		2,092,895
Itau Unibanco Holding SA ADR, Preference Shares		256,496		2,834,281
				4,927,176
ITALY — 0.04%
Intesa Sanpaolo SpA, Preference Shares		67,134		198,775
				198,775
TOTAL PREFERRED STOCKS (Cost: $5,261,834)				5,125,951

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.19%
MONEY MARKET FUNDS — 0.19%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%e,f,g		522,969	$	523,126
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%e,f		272,476		272,476
				795,602
TOTAL SHORT-TERM INVESTMENTS (Cost: $795,643)				795,602
TOTAL INVESTMENTS IN SECURITIES — 99.74% (Cost: $416,427,056)h				420,911,129
Other Assets, Less Liabilities — 0.26%				1,099,324
NET ASSETS — 100.00%			$	422,010,453

ADR  —  American Depositary Receipts

^a  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^b  Non-income earning security.

^c  All or a portion of this security represents a security on loan.

^d  Affiliated issuer. See Schedule 1.

^e  Affiliated money market fund.

^f  The rate quoted is the annualized seven-day yield of the fund at period end.

^g  All or a portion of this security represents an investment of securities lending collateral.

^h  The cost of investments for federal income tax purposes was $422,616,014. Net unrealized depreciation was $1,704,885, of which $29,773,130 represented gross unrealized appreciation on securities and $31,478,015 represented gross unrealized depreciation on securities.

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		7,242		474		(134	)		7,582	$	3,202,713	$	19,005	$	616
PNC Financial Services Group Inc. (The)		28,959		1,596		(402	)		30,153		3,765,205		15,927		(3,162	)
										$	6,967,918	$	34,932	$	(2,546	)

135

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL FINANCIALS ETF

June 30, 2017

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	414,989,568	$	—	$	8	$	414,989,576
Preferred stocks		5,125,951		—		—		5,125,951
Money market funds		795,602		—		—		795,602
Total	$	420,911,121	$	—	$	8	$	420,911,129

136

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL HEALTHCARE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.55%
AUSTRALIA — 1.58%
Cochlear Ltd.		20,345	$	2,425,896
CSL Ltd.		161,358		17,083,925
Ramsay Health Care Ltd.		45,509		2,569,205
Sonic Healthcare Ltd.		147,644		2,742,923
				24,821,949
BELGIUM — 0.20%
UCB SA		45,507		3,126,118
				3,126,118
CANADA — 0.13%
Valeant Pharmaceuticals International Inc.a,b		115,373		2,002,393
				2,002,393
DENMARK — 2.24%
Coloplast A/S Class Bb		39,386		3,286,799
Genmab A/Sa		21,692		4,622,045
Novo Nordisk A/S Class B		640,824		27,407,150
				35,315,994
FRANCE — 3.05%
Essilor International SA		71,469		9,080,656
Sanofi		407,064		38,887,827
				47,968,483
GERMANY — 4.17%
Bayer AG Registered		293,652		37,913,485
Fresenius Medical Care AG & Co. KGaA		74,912		7,191,559
Fresenius SE & Co. KGaA		143,250		12,263,587
Merck KGaA		45,646		5,505,508
QIAGEN NVb		81,805		2,717,441
				65,591,580
JAPAN — 4.87%
Astellas Pharma Inc.		768,575		9,401,979
Chugai Pharmaceutical Co. Ltd.		75,800		2,836,766
Daiichi Sankyo Co. Ltd.		229,500		5,406,608
Eisai Co. Ltd.		105,200		5,809,594
Hoya Corp.		138,800		7,205,593
Olympus Corp.		115,600		4,218,227
Ono Pharmaceutical Co. Ltd.		187,100		4,081,364
Otsuka Holdings Co. Ltd.		197,600		8,423,852
Shionogi & Co. Ltd.		107,200		5,971,563

Security	Shares		Value
Sysmex Corp.		59,500	$	3,553,266
Taisho Pharmaceutical Holdings Co. Ltd.		19,600		1,491,456
Takeda Pharmaceutical Co. Ltd.		262,800		13,352,841
Terumo Corp.		121,000		4,765,264
				76,518,373
SWITZERLAND — 9.56%
Lonza Group AG Registered		26,549		5,746,993
Novartis AG Registered		932,331		77,690,193
Roche Holding AG		249,476		63,616,185
Sonova Holding AG Registered		19,515		3,172,856
				150,226,227
UNITED KINGDOM — 5.73%
AstraZeneca PLC		449,552		29,985,588
GlaxoSmithKline PLC		1,736,716		36,895,343
Shire PLC		319,783		17,603,885
Smith & Nephew PLC		323,028		5,559,660
				90,044,476
UNITED STATES — 68.02%
Abbott Laboratories		616,550		29,970,495
AbbVie Inc.		565,081		40,974,023
Aetna Inc.		117,950		17,908,349
Agilent Technologies Inc.		114,178		6,771,897
Alexion Pharmaceuticals Inc.a		79,659		9,692,111
Align Technology Inc.a		26,690		4,006,703
Allergan PLC		119,171		28,969,278
AmerisourceBergen Corp.		58,675		5,546,548
Amgen Inc.		261,345		45,011,449
Anthem Inc.		94,165		17,715,261
Baxter International Inc.		172,911		10,468,032
Becton Dickinson and Co.		80,810		15,766,839
Biogen Inc.a		76,003		20,624,174
Boston Scientific Corp.a		486,848		13,495,427
Bristol-Myers Squibb Co.		584,953		32,593,581
Cardinal Health Inc.		112,485		8,764,831
Celgene Corp.a		277,176		35,996,847
Centene Corp.a		61,195		4,888,257
Cerner Corp.a		104,614		6,953,693
Cigna Corp.		90,699		15,182,106
Cooper Companies Inc. (The)		17,310		4,144,360
CR Bard Inc.		25,602		8,093,048
Danaher Corp.		216,815		18,297,018
DaVita Inc.a		55,547		3,597,224

137

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HEALTHCARE ETF

June 30, 2017

Security	Shares		Value
DENTSPLY SIRONA Inc.		81,167	$	5,262,868
Edwards Lifesciences Corp.a		74,819		8,846,599
Eli Lilly & Co.		344,830		28,379,509
Envision Healthcare Corp.a		41,502		2,600,930
Express Scripts Holding Co.a		210,712		13,451,854
Gilead Sciences Inc.		463,947		32,838,169
HCA Healthcare Inc.a,b		101,342		8,837,022
Henry Schein Inc.a		28,264		5,172,877
Hologic Inc.a		99,046		4,494,707
Humana Inc.		51,248		12,331,294
IDEXX Laboratories Inc.a		31,207		5,037,434
Illumina Inc.a		52,030		9,028,246
Incyte Corp.a		60,214		7,581,545
Intuitive Surgical Inc.a		13,071		12,226,221
Johnson & Johnson		956,327		126,512,499
Laboratory Corp. of America Holdingsa		36,360		5,604,530
Mallinckrodt PLCa		35,775		1,603,078
McKesson Corp.		74,601		12,274,849
Medtronic PLC		485,889		43,122,649
Merck & Co. Inc.		971,047		62,234,402
Mettler-Toledo International Inc.a		9,183		5,404,563
Mylan NVa		163,031		6,328,863
Patterson Companies Inc.		28,635		1,344,413
PerkinElmer Inc.		38,934		2,652,963
Perrigo Co. PLC		50,497		3,813,533
Pfizer Inc.		2,119,145		71,182,081
Quest Diagnostics Inc.		48,356		5,375,253
Regeneron Pharmaceuticals Inc.a		26,993		13,257,342
Stryker Corp.		110,133		15,284,258
Thermo Fisher Scientific Inc.		138,917		24,236,849
UnitedHealth Group Inc.		342,197		63,450,168
Universal Health Services Inc. Class B		31,497		3,845,154
Varian Medical Systems Inc.a,b		32,859		3,390,720
Vertex Pharmaceuticals Inc.a		88,293		11,378,319
Waters Corp.a		28,467		5,233,373
Zimmer Biomet Holdings Inc.		71,728		9,209,875
Zoetis Inc.		174,285		10,871,898
				1,069,132,458
TOTAL COMMON STOCKS
(Cost: $1,365,815,704)				1,564,748,051

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.62%
MONEY MARKET FUNDS — 0.62%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		8,182,057	$	8,184,511
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		1,529,124		1,529,124
				9,713,635
TOTAL SHORT-TERM INVESTMENTS
(Cost: $9,712,300)				9,713,635
TOTAL INVESTMENTS IN SECURITIES — 100.17%
(Cost: $1,375,528,004)f				1,574,461,686
Other Assets, Less Liabilities — (0.17)%				(2,614,706	)
NET ASSETS — 100.00%			$	1,571,846,980

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $1,389,116,351. Net unrealized appreciation was $185,345,335, of which $241,790,029 represented gross unrealized appreciation on securities and $56,444,694 represented gross unrealized depreciation on securities.

138

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HEALTHCARE ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	1,564,748,051	$	—	$	—	$	1,564,748,051
Money market funds		9,713,635		—		—		9,713,635
Total	$	1,574,461,686	$	—	$	—	$	1,574,461,686

139

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL INDUSTRIALS ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.59%
AUSTRALIA — 1.49%
Aurizon Holdings Ltd.		118,588	$	487,561
Brambles Ltd.		90,018		671,840
Qantas Airways Ltd.		101,305		444,479
Sydney Airport		130,194		708,045
Transurban Group		119,988		1,090,636
				3,402,561
BRAZIL — 0.12%
Embraer SA ADR		14,756		269,002
				269,002
CANADA — 2.73%
Bombardier Inc. Class Ba		109,620		199,202
Canadian National Railway Co.		42,059		3,407,598
Canadian Pacific Railway Ltd.		8,206		1,318,381
SNC-Lavalin Group Inc.		8,470		365,683
Waste Connections Inc.		14,445		929,076
				6,219,940
CHILE — 0.12%
LATAM Airlines Group SA ADRb		24,180		267,672
				267,672
DENMARK — 1.40%
AP Moller – Maersk A/S Class A		108		205,934
AP Moller – Maersk A/S Class Bb		432		867,472
DSV A/S		10,479		643,002
ISS A/S		10,022		393,113
Vestas Wind Systems A/S		11,827		1,090,389
				3,199,910
FINLAND — 0.80%
Kone OYJ Class B		20,952		1,064,363
Metso OYJ		7,236		250,562
Wartsila OYJ Abp		8,424		497,214
				1,812,139
FRANCE — 5.95%
Airbus SE		33,203		2,726,617
Alstom SAa		9,018		314,839
Bouygues SA		11,402		480,128
Cie. de Saint-Gobain		28,998		1,547,186
Edenred		11,880		309,340
Legrand SA		14,634		1,022,312
Safran SA		17,874		1,635,788

Security	Shares		Value
Schneider Electric SE		32,778	$	2,514,885
Thales SA		5,616		603,638
Vinci SA		28,242		2,407,159
				13,561,892
GERMANY — 4.17%
Brenntag AG		8,640		499,418
Deutsche Lufthansa AG Registered		12,474		283,477
Deutsche Post AG Registered		53,062		1,986,262
GEA Group AGb		9,720		397,217
MAN SE		1,620		173,443
Osram Licht AG		4,752		378,037
Siemens AG Registered		42,116		5,781,061
				9,498,915
HONG KONG — 1.26%
CK Hutchison Holdings Ltd.		146,520		1,839,371
Jardine Matheson Holdings Ltd.		16,200		1,040,040
				2,879,411
IRELAND — 0.25%
Ryanair Holdings PLC ADRa		5,234		563,231
				563,231
ITALY — 0.88%
Atlantia SpA		25,650		720,846
CNH Industrial NV		54,486		616,158
Leonardo SpA		21,172		351,349
Prysmian SpA		11,070		325,117
				2,013,470
JAPAN — 14.81%
ANA Holdings Inc.		187,000		649,740
Asahi Glass Co. Ltd.		11,800		496,743
Central Japan Railway Co.		10,900		1,776,246
Dai Nippon Printing Co. Ltd.		31,000		344,322
Daikin Industries Ltd.		16,200		1,653,738
East Japan Railway Co.		21,600		2,065,611
FANUC Corp.		10,800		2,081,470
Hankyu Hanshin Holdings Inc.		10,800		388,323
ITOCHU Corp.		87,300		1,296,758
Japan Airlines Co. Ltd.		21,600		667,839
JGC Corp.b		16,200		262,695
Kajima Corp.		54,000		455,607
Kawasaki Heavy Industries Ltd.		108,000		319,117
Kintetsu Group Holdings Co. Ltd.		108,000		416,198
Komatsu Ltd.		54,000		1,371,867

140

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL INDUSTRIALS ETF

June 30, 2017

Security	Shares		Value
Kubota Corp.		64,800	$	1,088,555
LIXIL Group Corp.		16,200		405,000
Makita Corp.		16,200		599,066
Marubeni Corp.		91,800		592,991
Mitsubishi Corp.		88,400		1,853,599
Mitsubishi Electric Corp.		119,600		1,719,596
Mitsubishi Heavy Industries Ltd.		182,000		744,781
Mitsui & Co. Ltd.		97,200		1,388,880
NGK Insulators Ltd.		16,200		322,818
Nidec Corp.		16,200		1,659,505
Nippon Express Co. Ltd.		54,000		337,860
NSK Ltd.		27,000		337,140
Obayashi Corp.		37,800		444,409
Odakyu Electric Railway Co. Ltd.		17,200		346,878
Recruit Holdings Co. Ltd.		81,000		1,392,052
Secom Co. Ltd.		10,800		819,420
Shimizu Corp.		54,000		572,392
SMC Corp./Japan		3,700		1,124,555
Sumitomo Corp.		68,800		895,208
Taisei Corp.		59,000		538,750
Tokyu Corp.		54,000		411,873
Toppan Printing Co. Ltd.		33,000		361,837
TOTO Ltd.		8,500		324,537
West Japan Railway Co.		10,800		762,805
Yamato Holdings Co. Ltd.		21,600		438,017
				33,728,798
MEXICO — 0.15%
Alfa SAB de CV		232,200		331,242
				331,242
NETHERLANDS — 1.78%
Koninklijke Philips NV		50,976		1,807,884
Randstad Holding NV		7,074		412,449
RELX NV		55,788		1,145,322
Wolters Kluwer NV		16,454		695,585
				4,061,240
SPAIN — 1.26%
Abertis Infraestructuras SA		32,562		602,388
ACS Actividades de Construccion y Servicios SA		11,119		428,961
Aena SAc		4,050		789,195
Ferrovial SA		29,889		662,537
International Consolidated Airlines Group SA		47,682		377,813
				2,860,894

Security	Shares		Value
SWEDEN — 3.23%
Alfa Laval AB		15,714	$	321,190
Assa Abloy AB Class B		54,594		1,198,090
Atlas Copco AB Class A		36,936		1,414,459
Atlas Copco AB Class B		20,293		700,368
Sandvik AB		61,452		965,362
Securitas AB Class B		17,928		301,827
Skanska AB Class B		21,654		513,203
SKF AB Class B		20,790		420,752
Volvo AB Class B		89,424		1,522,463
				7,357,714
SWITZERLAND — 2.79%
ABB Ltd. Registered		109,638		2,711,040
Adecco Group AG Registered		9,396		715,260
Geberit AG Registered		2,052		958,236
Kuehne + Nagel International AG Registered		3,078		514,259
Schindler Holding AG Participation Certificates		2,430		514,851
Schindler Holding AG Registered		810		168,149
SGS SA Registered		324		785,598
				6,367,393
UNITED KINGDOM — 4.94%
Aggreko PLC		14,094		168,520
Ashtead Group PLC		28,015		578,238
Babcock International Group PLC		27,810		318,070
BAE Systems PLC		175,392		1,443,273
Bunzl PLC		18,348		545,302
Capita PLC		37,030		332,612
Cobham PLC		139,253		234,424
DCC PLC		4,806		436,368
easyJet PLC		14,422		254,588
Experian PLC		52,219		1,068,320
G4S PLC		85,590		362,882
Hays PLC		74,844		161,383
IMI PLC		15,267		236,981
Intertek Group PLC		8,902		487,622
RELX PLC		58,896		1,269,948
Rentokil Initial PLC		95,770		339,986
Rolls-Royce Holdings PLC		101,358		1,173,081
Smiths Group PLC		21,762		451,436
Travis Perkins PLC		13,662		258,208
Weir Group PLC (The)		12,150		273,190

141

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL INDUSTRIALS ETF

June 30, 2017

Security	Shares		Value
Wolseley PLC		13,975	$	855,542
				11,249,974
UNITED STATES — 51.46%
3M Co.		32,728		6,813,642
Acuity Brands Inc.		2,430		493,970
Alaska Air Group Inc.		6,750		605,880
Allegion PLC		5,292		429,287
American Airlines Group Inc.		27,248		1,371,119
AMETEK Inc.		12,582		762,092
Arconic Inc.		24,485		554,585
Boeing Co. (The)		30,834		6,097,423
Caterpillar Inc.		32,508		3,493,310
CH Robinson Worldwide Inc.		7,769		533,575
Cintas Corp.		4,750		598,690
CSX Corp.		50,868		2,775,358
Cummins Inc.		8,478		1,375,301
Deere & Co.		16,175		1,999,068
Delta Air Lines Inc.		40,608		2,182,274
Dover Corp.		8,532		684,437
Eaton Corp. PLC		24,516		1,908,080
Emerson Electric Co.		35,478		2,115,198
Equifax Inc.		6,581		904,361
Expeditors International of Washington Inc.		9,882		558,135
Fastenal Co.		15,978		695,522
FedEx Corp.		13,554		2,945,691
Flowserve Corp.		7,344		340,982
Fluor Corp.		7,938		363,402
Fortive Corp.		16,386		1,038,053
Fortune Brands Home & Security Inc.		8,374		546,320
General Dynamics Corp.		15,481		3,066,786
General Electric Co.		478,494		12,924,123
Honeywell International Inc.		41,742		5,563,791
IHS Markit Ltd.a		17,444		768,234
Illinois Tool Works Inc.		17,049		2,442,269
Ingersoll-Rand PLC		13,986		1,278,181
Jacobs Engineering Group Inc.		6,642		361,258
JB Hunt Transport Services Inc.		4,752		434,238
Johnson Controls International PLC		51,587		2,236,812
Kansas City Southern		5,832		610,319
L3 Technologies Inc.		4,212		703,741
Lockheed Martin Corp.		13,660		3,792,153

Security	Shares		Value
Masco Corp.		17,712	$	676,776
Nielsen Holdings PLC		18,674		721,937
Norfolk Southern Corp.		15,984		1,945,253
Northrop Grumman Corp.		9,508		2,440,799
PACCAR Inc.		19,332		1,276,685
Parker-Hannifin Corp.		7,344		1,173,718
Pentair PLC		9,234		614,430
Quanta Services Inc.a		8,046		264,874
Raytheon Co.		15,874		2,563,334
Republic Services Inc.		12,308		784,389
Robert Half International Inc.		7,075		339,105
Rockwell Automation Inc.		7,128		1,154,451
Rockwell Collins Inc.		8,842		929,117
Roper Technologies Inc.		5,562		1,287,770
Snap-on Inc.		3,186		503,388
Southwest Airlines Co.		33,210		2,063,669
Stanley Black & Decker Inc.		8,294		1,167,215
Stericycle Inc.a		4,698		358,551
Textron Inc.		14,688		691,805
TransDigm Group Inc.		2,700		725,949
Union Pacific Corp.		44,442		4,840,178
United Continental Holdings Inc.a		15,552		1,170,288
United Parcel Service Inc. Class B		38,113		4,214,917
United Rentals Inc.a		4,698		529,512
United Technologies Corp.		40,778		4,979,402
Verisk Analytics Inc. Class Aa		8,521		718,917
Waste Management Inc.		22,296		1,635,412
WW Grainger Inc.		2,968		535,813
Xylem Inc./NY		9,828		544,766
				117,220,080
TOTAL COMMON STOCKS (Cost: $202,910,967)				226,865,478
RIGHTS — 0.00%
SPAIN — 0.00%
ACS Actividades de Construccion y Servicios SA (Expires 07/17/17)a		11,119		8,877
				8,877
TOTAL RIGHTS (Cost: $9,425)				8,877

142

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL INDUSTRIALS ETF

June 30, 2017

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.68%
MONEY MARKET FUNDS — 0.68%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		1,336,702	$	1,337,103
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		201,412		201,412
				1,538,515
TOTAL SHORT-TERM INVESTMENTS (Cost: $1,538,644)				1,538,515
TOTAL INVESTMENTS IN SECURITIES — 100.27% (Cost: $204,459,036)g				228,412,870
Other Assets, Less Liabilities — (0.27)%				(613,403	)
NET ASSETS — 100.00%			$	227,799,467

ADR — American Depositary Receipts

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $206,278,204. Net unrealized appreciation was $22,134,666, of which $32,556,922 represented gross unrealized appreciation on securities and $10,422,256 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	226,865,478	$	—	$	—	$	226,865,478
Rights		8,877		—		—		8,877
Money market funds		1,538,515		—		—		1,538,515
Total	$	228,412,870	$	—	$	—	$	228,412,870

143

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL INFRASTRUCTURE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.47%
AUSTRALIA — 8.56%
Macquarie Atlas Roads Group		2,844,700	$	12,241,172
Qube Holdings Ltd.		6,943,081		14,006,565
Sydney Airport		6,185,523		33,639,252
Transurban Group		9,176,840		83,413,276
				143,300,265
BRAZIL — 1.00%
CPFL Energia SA ADR		260,689		4,157,990
Ultrapar Participacoes SA ADR		531,882		12,515,183
				16,673,173
CANADA — 10.10%
AltaGas Ltd.		230,673		5,271,714
Enbridge Inc.		1,916,638		76,240,486
Inter Pipeline Ltd.		479,192		9,372,047
Pembina Pipeline Corp.		501,509		16,585,671
TransCanada Corp.		1,071,926		51,025,229
Veresen Inc.		392,679		5,545,340
Westshore Terminals Investment Corp.		307,024		4,966,947
				169,007,434
CHILE — 0.25%
Enel Americas SA ADR		451,171		4,254,542
				4,254,542
CHINA — 4.61%
Beijing Capital International Airport Co. Ltd. Class H		7,934,000		11,179,730
China Merchants Port Holdings Co. Ltd.		4,042,000		11,209,871
COSCO SHIPPING Ports Ltd.a		9,172,000		10,762,321
Guangdong Investment Ltd.		2,196,000		3,026,851
Hopewell Highway Infrastructure Ltd.		5,867,500		3,374,783
Jiangsu Expressway Co. Ltd. Class H		7,500,000		10,587,399
Kunlun Energy Co. Ltd.a		4,724,000		4,006,031
Shenzhen Expressway Co. Ltd. Class H		3,792,000		3,453,698
Shenzhen International Holdings Ltd.		5,122,500		9,396,614
Zhejiang Expressway Co. Ltd. Class H		7,736,000		10,107,949
				77,105,247

Security	Shares		Value
FRANCE — 4.95%
Aeroports de Paris		186,183	$	30,005,198
Engie SA		1,297,860		19,561,823
Groupe Eurotunnel SE Registered		3,127,135		33,305,413
				82,872,434
GERMANY — 2.25%
E.ON SE		1,741,309		16,380,940
Fraport AG Frankfurt Airport Services Worldwide		209,472		18,467,997
Hamburger Hafen und Logistik AG		132,348		2,886,154
				37,735,091
HONG KONG — 1.71%
CLP Holdings Ltd.		1,487,000		15,733,938
Hong Kong & China Gas Co. Ltd.a		6,849,300		12,880,083
				28,614,021
ITALY — 7.92%
Atlantia SpA		2,670,274		75,043,114
Enav SpAb		1,448,040		6,223,086
Enel SpA		6,148,824		32,919,215
Snam SpA		3,234,959		14,079,637
Societa Iniziative Autostradali e Servizi SpA		396,670		4,368,134
				132,633,186
MEXICO — 3.43%
Grupo Aeroportuario del Centro Norte Sab de CV ADR		203,203		9,790,320
Grupo Aeroportuario del Pacifico SAB de CV ADR		210,072		23,591,086
Grupo Aeroportuario del Sureste SAB de CV Series B ADR		113,957		23,976,553
				57,357,959
NEW ZEALAND — 1.64%
Auckland International Airport Ltd.		5,259,586		27,458,122
				27,458,122
SINGAPORE — 0.77%
Hutchison Port Holdings Trusta		29,937,800		12,873,254
				12,873,254

144

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL INFRASTRUCTURE ETF

June 30, 2017

Security	Shares		Value
SPAIN — 10.98%
Abertis Infraestructuras SA		3,465,731	$	64,115,055
Aena SAb		425,701		82,953,358
Iberdrola SA		4,635,229		36,652,763
				183,721,176
SWITZERLAND — 1.55%
Flughafen Zuerich AG		105,905		26,032,514
				26,032,514
UNITED KINGDOM — 4.89%
BBA Aviation PLC		4,943,418		19,738,920
Centrica PLC		4,400,954		11,444,665
National Grid PLC		2,864,105		35,410,074
SSE PLC		812,559		15,336,022
				81,929,681
UNITED STATES — 34.86%
American Electric Power Co. Inc.		384,889		26,738,239
American Water Works Co. Inc.		138,791		10,818,758
Cheniere Energy Inc.c		293,029		14,273,443
Consolidated Edison Inc.		239,533		19,359,057
Dominion Energy Inc.		491,693		37,678,435
DTE Energy Co.		139,196		14,725,545
Duke Energy Corp.		549,110		45,900,105
Edison International		254,745		19,918,512
Eversource Energy		248,513		15,087,224
Exelon Corp.		727,560		26,243,089
FirstEnergy Corp.		353,196		10,299,195
Kinder Morgan Inc./DE		2,375,784		45,520,021
Macquarie Infrastructure Corp.		425,254		33,339,914
NextEra Energy Inc.		365,869		51,269,223
ONEOK Inc.		261,883		13,659,817
PG&E Corp.		397,230		26,364,155
PPL Corp.		531,938		20,564,723
Public Service Enterprise Group Inc.		400,805		17,238,623
Sempra Energy		194,770		21,960,318
Southern Co. (The)		783,201		37,499,664
Targa Resources Corp.		240,292		10,861,198
WEC Energy Group Inc.		247,472		15,189,831
Williams Companies Inc. (The)		1,020,041		30,886,842
Xcel Energy Inc.		394,831		18,114,846
				583,510,777
TOTAL COMMON STOCKS (Cost: $1,548,328,620)				1,665,078,876

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.76%
MONEY MARKET FUNDS — 0.76%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		11,895,566	$	11,899,135
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		741,392		741,392
				12,640,527
TOTAL SHORT-TERM INVESTMENTS (Cost: $12,637,992)				12,640,527
TOTAL INVESTMENTS IN SECURITIES — 100.23% (Cost: $1,560,966,612)g				1,677,719,403
Other Assets, Less Liabilities — (0.23)%				(3,793,878	)
NET ASSETS — 100.00%			$	1,673,925,525

ADR  —  American Depositary Receipts

^a  All or a portion of this security represents a security on loan.

^b  This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^c  Non-income earning security.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $1,601,470,254. Net unrealized appreciation was $76,249,149, of which $183,236,510 represented gross unrealized appreciation on securities and $106,987,361 represented gross unrealized depreciation on securities.

145

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL INFRASTRUCTURE ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	1,665,078,876	$	—	$	—	$	1,665,078,876
Money market funds		12,640,527		—		—		12,640,527
Total	$	1,677,719,403	$	—	$	—	$	1,677,719,403

146

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL MATERIALS ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 98.57%
AUSTRALIA — 7.53%
Amcor Ltd./Australia		143,338	$	1,782,248
BHP Billiton Ltd.		396,344		7,077,485
Fortescue Metals Group Ltd.		209,124		837,333
James Hardie Industries PLC		54,908		863,402
Newcrest Mining Ltd.		94,054		1,454,425
Orica Ltd.		45,584		723,080
Rio Tinto Ltd.		52,318		2,539,058
South32 Ltd.		649,276		1,334,713
				16,611,744
AUSTRIA — 0.29%
Voestalpine AG		13,616		633,613
				633,613
BELGIUM — 0.92%
Solvay SA		9,102		1,219,801
Umicore SA		11,618		806,980
				2,026,781
BRAZIL — 0.63%
Vale SA ADR		159,766		1,397,952
				1,397,952
CANADA — 6.36%
Agnico Eagle Mines Ltd.		28,490		1,282,894
Agrium Inc.		17,020		1,540,279
Barrick Gold Corp.		143,708		2,282,818
CCL Industries Inc. Class B		17,094		863,585
First Quantum Minerals Ltd.		85,470		721,957
Franco-Nevada Corp.		22,052		1,588,824
Goldcorp Inc.		105,894		1,363,323
Kinross Gold Corp.a		153,772		623,992
Potash Corp. of Saskatchewan Inc.		103,674		1,688,385
Teck Resources Ltd. Class B		57,720		999,111
Wheaton Precious Metals Corp.		54,686		1,084,709
				14,039,877
CHILE — 0.34%
Empresas CMPC SA		160,506		383,128
Sociedad Quimica y Minera de Chile SA ADR		11,026		364,079
				747,207
DENMARK — 0.98%
Chr Hansen Holding A/S		14,439		1,048,792
Novozymes A/S Class B		25,604		1,119,007
				2,167,799

Security	Shares		Value
FINLAND — 1.26%
Stora Enso OYJ Class R		70,596	$	910,662
UPM-Kymmene OYJ		65,786		1,872,804
				2,783,466
FRANCE — 3.11%
Air Liquide SA		48,026		5,926,769
Arkema SA		8,732		930,496
				6,857,265
GERMANY — 9.22%
BASF SE		113,146		10,464,557
HeidelbergCement AG		15,540		1,500,349
K+S AG Registeredb		23,680		605,524
Lanxess AG		11,100		839,238
Linde AG		22,940		4,338,027
Symrise AGb		15,096		1,067,845
thyssenkrupp AG		53,872		1,528,412
				20,343,952
IRELAND — 2.07%
CRH PLC		103,082		3,641,736
Smurfit Kappa Group PLC		29,526		917,836
				4,559,572
JAPAN — 9.57%
Asahi Kasei Corp.		148,000		1,590,513
JFE Holdings Inc.		74,000		1,284,594
Kuraray Co. Ltd.		44,400		805,333
Mitsubishi Chemical Holdings Corp.		185,000		1,531,403
Mitsubishi Materials Corp.		15,000		453,898
Mitsui Chemicals Inc.		148,000		783,731
Nippon Paint Holdings Co. Ltd.		22,200		839,712
Nippon Steel & Sumitomo Metal Corp.		111,029		2,507,935
Nitto Denko Corp.		22,200		1,825,632
Oji Holdings Corp.		74,000		381,986
Shin-Etsu Chemical Co. Ltd.		51,800		4,695,470
Sumitomo Chemical Co. Ltd.		222,000		1,276,362
Sumitomo Metal Mining Co. Ltd.		74,000		988,225
Taiheiyo Cement Corp.		148,000		538,733
Toray Industries Inc.		192,400		1,610,126
				21,113,653
MEXICO — 1.31%
Cemex SAB de CV CPOa		1,798,284		1,693,987
Grupo Mexico SAB de CV Series B		421,800		1,190,145
				2,884,132

147

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL MATERIALS ETF

June 30, 2017

Security	Shares		Value
NETHERLANDS — 2.75%
Akzo Nobel NV		31,080	$	2,697,260
ArcelorMittala		77,700		1,760,008
Koninklijke DSM NV		22,200		1,611,378
				6,068,646
NORWAY — 0.79%
Norsk Hydro ASA		167,832		927,252
Yara International ASA		21,682		811,718
				1,738,970
PERU — 0.33%
Southern Copper Corp.		20,794		720,096
				720,096
SOUTH KOREA — 1.77%
LG Chem Ltd.		5,698		1,449,214
POSCO		9,842		2,468,779
				3,917,993
SWEDEN — 0.68%
Boliden AB		33,300		907,656
Svenska Cellulosa AB SCA Class B		80,068		605,170
				1,512,826
SWITZERLAND — 3.57%
Clariant AG Registered		31,376		691,966
Givaudan SA Registered		962		1,926,712
LafargeHolcim Ltd. Registered		58,608		3,359,870
Sika AG Bearer		296		1,903,994
				7,882,542
TAIWAN — 2.20%
Formosa Chemicals & Fibre Corp.		444,100		1,394,199
Formosa Plastics Corp.		592,720		1,806,218
Nan Ya Plastics Corp.		666,940		1,655,292
				4,855,709
UNITED KINGDOM — 9.81%
Anglo American PLCa		173,678		2,310,133
Antofagasta PLC		47,212		490,301
BHP Billiton PLC		261,220		3,990,303
Glencore PLC		1,474,450		5,500,557
Johnson Matthey PLC		24,050		896,893
Mondi PLC		45,362		1,186,708
Randgold Resources Ltd.		12,012		1,061,783
Rio Tinto PLC		147,778		6,223,218
				21,659,896

Security	Shares		Value
UNITED STATES — 33.08%
Air Products & Chemicals Inc.		26,862	$	3,842,878
Albemarle Corp.		13,616		1,437,033
Avery Dennison Corp.		11,026		974,368
Ball Corp.		43,734		1,846,012
CF Industries Holdings Inc.		28,786		804,857
Dow Chemical Co. (The)		138,602		8,741,628
Eastman Chemical Co.		17,982		1,510,308
Ecolab Inc.		32,042		4,253,575
EI du Pont de Nemours & Co.		107,004		8,636,293
FMC Corp.		16,428		1,200,065
Freeport-McMoRan Inc.a		164,650		1,977,446
International Flavors & Fragrances Inc.		9,694		1,308,690
International Paper Co.		51,134		2,894,696
LyondellBasell Industries NV Class A		40,774		3,440,918
Martin Marietta Materials Inc.		7,770		1,729,447
Monsanto Co.		54,094		6,402,566
Mosaic Co. (The)		43,364		990,000
Newmont Mining Corp.		65,934		2,135,602
Nucor Corp.		39,442		2,282,508
PPG Industries Inc.		31,598		3,474,516
Praxair Inc.		35,224		4,668,941
Sealed Air Corp.		24,420		1,093,039
Sherwin-Williams Co. (The)		9,990		3,506,090
Vulcan Materials Co.		16,354		2,071,725
WestRock Co.		31,154		1,765,186
				72,988,387
TOTAL COMMON STOCKS (Cost: $269,356,996)				217,512,078
PREFERRED STOCKS — 1.04%
BRAZIL — 1.04%
Gerdau SA ADR, Preference Shares		108,632		331,328
Vale SA ADR, Preference Shares		241,980		1,972,137
				2,303,465
TOTAL PREFERRED STOCKS (Cost: $8,577,457)				2,303,465

148

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL MATERIALS ETF

June 30, 2017

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.40%
MONEY MARKET FUNDS — 0.40%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		877,899	$	878,162
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		7,549		7,549
				885,711
TOTAL SHORT-TERM INVESTMENTS (Cost: $885,799)				885,711
TOTAL INVESTMENTS IN SECURITIES — 100.01% (Cost: $278,820,252)f				220,701,254
Other Assets, Less Liabilities — (0.01)%				(32,195	)
NET ASSETS — 100.00%			$	220,669,059

ADR  —  American Depositary Receipts

CPO  —  Certificates of Participation (Ordinary)

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $288,413,316. Net unrealized depreciation was $67,712,062, of which $17,093,737 represented gross unrealized appreciation on securities and $84,805,799 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	217,512,078	$	—	$	—	$	217,512,078
Preferred stocks		2,303,465		—		—		2,303,465
Money market funds		885,711		—		—		885,711
Total	$	220,701,254	$	—	$	—	$	220,701,254

149

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL TECH ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.80%
AUSTRALIA — 0.09%
Computershare Ltd.		102,490	$	1,111,615
				1,111,615
BRAZIL — 0.14%
Cielo SA		222,051		1,648,670
				1,648,670
CANADA — 0.48%
BlackBerry Ltd.a,b		96,140		959,401
CGI Group Inc. Class Aa		53,280		2,718,359
Constellation Software Inc./Canada		4,070		2,126,071
				5,803,831
CHINA — 3.23%
Tencent Holdings Ltd.b		1,091,500		39,037,821
				39,037,821
FINLAND — 0.59%
Nokia OYJ		1,172,160		7,159,137
				7,159,137
FRANCE — 0.85%
Atos SE		18,447		2,585,782
Capgemini SE		31,635		3,264,636
Dassault Systemes SE		27,380		2,451,106
STMicroelectronics NV		135,235		1,940,368
				10,241,892
GERMANY — 2.10%
Infineon Technologies AG		228,475		4,816,954
SAP SE		197,580		20,608,245
				25,425,199
JAPAN — 5.17%
Canon Inc.		222,000		7,539,623
FUJIFILM Holdings Corp.		92,500		3,325,917
Fujitsu Ltd.		370,000		2,725,935
Hirose Electric Co. Ltd.		5,355		763,502
Hitachi Ltd.		925,000		5,675,463
Keyence Corp.		16,920		7,429,982
Konica Minolta Inc.		129,500		1,074,172
Kyocera Corp.		74,000		4,284,834
Murata Manufacturing Co. Ltd.		40,900		6,213,626
NEC Corp.		528,000		1,400,356
Nintendo Co. Ltd.		23,200		7,780,135

Security	Shares		Value
NTT Data Corp.		125,500	$	1,396,182
Omron Corp.		42,100		1,826,606
Ricoh Co. Ltd.		185,000		1,633,321
Rohm Co. Ltd.		18,500		1,420,924
TDK Corp.		24,300		1,598,229
Tokyo Electron Ltd.		37,000		4,992,168
Yahoo Japan Corp.		333,000		1,449,244
				62,530,219
NETHERLANDS — 1.03%
ASML Holding NV		88,245		11,483,918
Gemalto NVb		17,020		1,020,109
				12,504,027
SOUTH KOREA — 4.51%
NAVER Corp.		5,920		4,335,935
Samsung Electronics Co. Ltd.		20,905		43,430,656
SK Hynix Inc.		116,365		6,854,871
				54,621,462
SPAIN — 0.43%
Amadeus IT Group SA		88,060		5,257,868
				5,257,868
SWEDEN — 0.57%
Hexagon AB Class B		52,170		2,477,202
Telefonaktiebolaget LM Ericsson Class B		609,575		4,354,340
				6,831,542
TAIWAN — 3.59%
Hon Hai Precision Industry Co. Ltd.		3,145,473		12,097,973
Largan Precision Co. Ltd.		18,000		2,869,822
MediaTek Inc.		370,000		3,168,475
Taiwan Semiconductor Manufacturing Co. Ltd.		3,700,600		25,364,073
				43,500,343
UNITED KINGDOM — 0.16%
Sage Group PLC (The)		222,370		1,987,270
				1,987,270
UNITED STATES — 76.86%
Accenture PLC Class A		124,690		15,421,659
Activision Blizzard Inc.		139,675		8,041,090
Adobe Systems Inc.a		99,900		14,129,856
Advanced Micro Devices Inc.a,b		157,250		1,962,480
Akamai Technologies Inc.a		34,780		1,732,392

150

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL TECH ETF

June 30, 2017

Security	Shares		Value
Alliance Data Systems Corp.		11,285	$	2,896,747
Alphabet Inc. Class Aa		60,125		55,897,010
Alphabet Inc. Class Ca		59,755		54,301,161
Amphenol Corp. Class A		61,605		4,547,681
Analog Devices Inc.		74,000		5,757,200
ANSYS Inc.a		16,835		2,048,483
Apple Inc.		1,049,505		151,149,710
Applied Materials Inc.		217,375		8,979,761
Autodesk Inc.a		39,405		3,972,812
Automatic Data Processing Inc.		89,725		9,193,224
Broadcom Ltd.		80,845		18,840,927
CA Inc.		61,975		2,136,278
Cisco Systems Inc.		1,003,625		31,413,463
Citrix Systems Inc.a		30,895		2,458,624
Cognizant Technology Solutions Corp. Class A		119,325		7,923,180
Corning Inc.		186,295		5,598,165
CSRA Inc.		29,366		932,371
DXC Technology Co.		57,165		4,385,699
eBay Inc.a		202,945		7,086,839
Electronic Arts Inc.a		62,530		6,610,672
F5 Networks Inc.a		13,135		1,668,933
Facebook Inc. Class Aa		475,450		71,783,441
Fidelity National Information Services Inc.		66,230		5,656,042
Fiserv Inc.a		42,920		5,250,833
FLIR Systems Inc.		27,380		948,991
Gartner Inc.a		18,130		2,239,236
Global Payments Inc.		30,710		2,773,727
Harris Corp.		24,790		2,704,093
Hewlett Packard Enterprise Co.		334,295		5,545,954
HP Inc.		339,475		5,934,023
Intel Corp.		946,275		31,927,318
International Business Machines Corp.		171,680		26,409,534
Intuit Inc.		48,840		6,486,440
Juniper Networks Inc.		76,590		2,135,329
KLA-Tencor Corp.		31,635		2,894,919
Lam Research Corp.		32,745		4,631,125
MasterCard Inc. Class A		188,885		22,940,083
Microchip Technology Inc.		46,620		3,598,132
Micron Technology Inc.a		210,160		6,275,378
Microsoft Corp.		1,553,445		107,078,964
Motorola Solutions Inc.		32,930		2,856,348
NetApp Inc.		54,575		2,185,729
NVIDIA Corp.		120,065		17,356,596
Oracle Corp.		603,285		30,248,710

Security	Shares		Value
Paychex Inc.		63,640	$	3,623,662
PayPal Holdings Inc.a		224,775		12,063,674
Qorvo Inc.a		25,715		1,628,274
QUALCOMM Inc.		297,110		16,406,414
Red Hat Inc.a		36,075		3,454,181
salesforce.com Inc.a		134,865		11,679,309
Seagate Technology PLC		59,570		2,308,338
Skyworks Solutions Inc.		37,000		3,550,150
Symantec Corp.		123,395		3,485,909
Synopsys Inc.a		30,340		2,212,696
TE Connectivity Ltd.		71,410		5,618,539
Texas Instruments Inc.		200,355		15,413,310
Total System Services Inc.		33,300		1,939,725
VeriSign Inc.a,b		17,945		1,668,167
Visa Inc. Class A		371,850		34,872,093
Western Digital Corp.		58,645		5,195,947
Western Union Co. (The)		96,200		1,832,610
Xerox Corp.		42,226		1,213,153
Xilinx Inc.		49,765		3,200,885
				930,314,398
TOTAL COMMON STOCKS (Cost: $873,977,100)				1,207,975,294
SHORT-TERM INVESTMENTS — 0.46%
MONEY MARKET FUNDS — 0.46%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		4,852,322		4,853,777
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		767,132		767,132
				5,620,909
TOTAL SHORT-TERM INVESTMENTS (Cost: $5,620,707)				5,620,909
TOTAL INVESTMENTS IN SECURITIES — 100.26% (Cost: $879,597,807)f				1,213,596,203
Other Assets, Less Liabilities — (0.26)%				(3,200,019	)
NET ASSETS — 100.00%			$	1,210,396,184

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $888,026,092. Net unrealized appreciation was $325,570,111, of which $362,458,900 represented gross unrealized appreciation on securities and $36,888,789 represented gross unrealized depreciation on securities.

151

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL TECH ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	1,207,975,294	$	—	$	—	$	1,207,975,294
Money market funds		5,620,909		—		—		5,620,909
Total	$	1,213,596,203	$	—	$	—	$	1,213,596,203

152

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL TELECOM ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.17%
AUSTRALIA — 3.21%
Telstra Corp. Ltd.		3,071,123	$	10,129,531
				10,129,531
BELGIUM — 0.42%
Proximus SADP		38,253		1,336,370
				1,336,370
CANADA — 6.39%
BCE Inc.		232,314		10,446,707
Rogers Communications Inc. Class B		93,260		4,398,379
TELUS Corp.		154,168		5,314,623
				20,159,709
CHINA — 4.80%
China Mobile Ltd.		1,425,000		15,123,552
				15,123,552
DENMARK — 0.39%
TDC A/S		213,969		1,242,693
				1,242,693
FRANCE — 2.99%
Orange SA		595,473		9,433,626
				9,433,626
GERMANY — 4.73%
Deutsche Telekom AG Registered		831,813		14,913,946
				14,913,946
ITALY — 0.86%
Telecom Italia SpA/Milanoa		2,942,385		2,711,597
				2,711,597
JAPAN — 17.39%
KDDI Corp.		470,800		12,465,557
Nippon Telegraph & Telephone Corp.		317,000		14,981,043
NTT DOCOMO Inc.		353,100		8,334,116
SoftBank Group Corp.		235,600		19,074,877
				54,855,593
MEXICO — 1.58%
America Movil SAB de CV		6,162,493		4,970,919
				4,970,919
NETHERLANDS — 1.13%
Koninklijke KPN NV		1,115,848		3,564,778
				3,564,778

Security	Shares		Value
NORWAY — 0.95%
Telenor ASA		181,122	$	2,994,681
				2,994,681
SINGAPORE — 1.86%
Singapore Telecommunications Ltd.		2,076,950		5,867,985
				5,867,985
SPAIN — 3.70%
Telefonica SA		1,133,060		11,679,912
				11,679,912
SWEDEN — 1.63%
Millicom International Cellular SA SDR		16,183		954,723
Tele2 AB Class B		87,018		909,946
Telia Co. AB		714,435		3,285,645
				5,150,314
SWITZERLAND — 1.02%
Swisscom AG Registered		6,647		3,211,577
				3,211,577
TAIWAN — 1.07%
Chunghwa Telecom Co. Ltd. ADR		96,044		3,382,670
				3,382,670
UNITED KINGDOM — 8.84%
BT Group PLC		2,262,394		8,661,922
Vodafone Group PLC		6,798,325		19,228,804
				27,890,726
UNITED STATES — 36.21%
AT&T Inc.		1,578,475		59,555,862
CenturyLink Inc.		142,008		3,391,151
Level 3 Communications Inc.a		76,193		4,518,245
Verizon Communications Inc.		1,046,981		46,758,171
				114,223,429
TOTAL COMMON STOCKS (Cost: $349,455,288)				312,843,608
PREFERRED STOCKS — 0.35%
ITALY — 0.35%
Telecom Italia SpA/Milano, Preference Shares		1,503,739		1,106,233
				1,106,233
TOTAL PREFERRED STOCKS (Cost: $1,582,478)				1,106,233

153

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL TELECOM ETF

June 30, 2017

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.06%
MONEY MARKET FUNDS — 0.06%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%b,c		188,950	$	188,950
				188,950
TOTAL SHORT-TERM INVESTMENTS (Cost: $188,950)				188,950
TOTAL INVESTMENTS IN SECURITIES — 99.58% (Cost: $351,226,716)d				314,138,791
Other Assets, Less Liabilities — 0.42%				1,314,614
NET ASSETS — 100.00%			$	315,453,405

ADR  —  American Depositary Receipts

SDR  —  Swedish Depositary Receipts

^a  Non-income earning security.

^b  Affiliated money market fund.

^c  The rate quoted is the annualized seven-day yield of the fund at period end.

^d  The cost of investments for federal income tax purposes was $357,245,632. Net unrealized depreciation was $43,106,841, of which $20,130,240 represented gross unrealized appreciation on securities and $63,237,081 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	312,843,608	$	—	$	—	$	312,843,608
Preferred stocks		1,106,233		—		—		1,106,233
Money market funds		188,950		—		—		188,950
Total	$	314,138,791	$	—	$	—	$	314,138,791

154

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL TIMBER & FORESTRY ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 96.93%
BRAZIL — 7.01%
Fibria Celulose SA ADR		793,070	$	8,057,591
Klabin SA Units		2,080,040		10,189,104
				18,246,695
CANADA — 11.50%
Canfor Corp.a		509,993		7,692,895
West Fraser Timber Co. Ltd.		470,872		22,254,657
				29,947,552
FINLAND — 8.45%
Stora Enso OYJ Class R		828,073		10,681,827
UPM-Kymmene OYJ		397,245		11,308,821
				21,990,648
HONG KONG — 3.01%
Nine Dragons Paper (Holdings) Ltd.		5,893,000		7,850,841
				7,850,841
IRELAND — 4.29%
Smurfit Kappa Group PLC		359,047		11,161,224
				11,161,224
JAPAN — 10.70%
Nippon Paper Industries Co. Ltd.		411,800		8,433,177
Oji Holdings Corp.		1,988,000		10,262,015
Sumitomo Forestry Co. Ltd.		582,200		9,150,634
				27,845,826
SOUTH AFRICA — 3.50%
Sappi Ltd.		1,371,436		9,115,693
				9,115,693
SWEDEN — 2.24%
Holmen AB Class B		134,545		5,833,519
				5,833,519
UNITED KINGDOM — 4.05%
Mondi PLC		402,783		10,537,141
				10,537,141
UNITED STATES — 42.18%
CatchMark Timber Trust Inc. Class A		273,279		3,107,182
Deltic Timber Corp.		74,479		5,560,602
International Paper Co.		189,570		10,731,558

Security	Shares		Value
KapStone Paper and Packaging Corp.		307,075	$	6,334,957
Packaging Corp. of America		105,222		11,720,679
Potlatch Corp.		283,290		12,946,353
Rayonier Inc.		697,149		20,056,977
Sonoco Products Co.		180,624		9,287,686
WestRock Co.		184,742		10,467,482
Weyerhaeuser Co.		584,969		19,596,461
				109,809,937
TOTAL COMMON STOCKS
(Cost: $195,549,133)				252,339,076
PREFERRED STOCKS — 2.59%
BRAZIL — 2.59%
Suzano Papel e Celulose SA Class A, Preference Shares		1,569,100		6,753,299
				6,753,299
TOTAL PREFERRED STOCKS
(Cost: $6,721,009)				6,753,299
SHORT-TERM INVESTMENTS — 0.20%
MONEY MARKET FUNDS — 0.20%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%b,c		519,453		519,453
				519,453
TOTAL SHORT-TERM INVESTMENTS
(Cost: $519,453)				519,453
TOTAL INVESTMENTS IN SECURITIES — 99.72%
(Cost: $202,789,595)d				259,611,828
Other Assets, Less Liabilities — 0.28%				733,908
NET ASSETS — 100.00%			$	260,345,736

ADR  —   American Depositary Receipts

^a  Non-income earning security.

^b  Affiliated money market fund.

^c  The rate quoted is the annualized seven-day yield of the fund at period end.

^d  The cost of investments for federal income tax purposes was $206,433,491. Net unrealized appreciation was $53,178,337, of which $59,357,242 represented gross unrealized appreciation on securities and $6,178,905 represented gross unrealized depreciation on securities.

155

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL TIMBER & FORESTRY ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	252,339,076	$	—	$	—	$	252,339,076
Preferred stocks		6,753,299		—		—		6,753,299
Money market funds		519,453		—		—		519,453
Total	$	259,611,828	$	—	$	—	$	259,611,828

156

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL UTILITIES ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.22%
AUSTRALIA — 1.81%
AGL Energy Ltd.		87,539	$	1,712,243
APA Group		147,277		1,035,924
				2,748,167
BRAZIL — 0.46%
CPFL Energia SA ADR		43,849		699,392
				699,392
CANADA — 1.97%
Emera Inc.		28,143		1,044,717
Fortis Inc./Canada		55,381		1,943,687
				2,988,404
CHILE — 0.69%
Enel Americas SA ADR		75,625		713,144
Enel Generacion Chile SA ADR		14,504		328,370
				1,041,514
DENMARK — 0.83%
DONG Energy A/Sa		28,116		1,267,609
				1,267,609
FINLAND — 0.61%
Fortum OYJ		58,945		923,064
				923,064
FRANCE — 4.10%
Electricite de France SAb		55,010		594,916
Engie SA		215,724		3,251,472
Suez		50,544		934,762
Veolia Environnement SA		68,584		1,447,134
				6,228,284
GERMANY — 2.66%
E.ON SE		293,194		2,758,151
RWE AGc		64,340		1,280,166
				4,038,317
HONG KONG — 4.16%
CLP Holdings Ltd.		262,000		2,772,221
Hong Kong & China Gas Co. Ltd.		1,079,503		2,030,001
Power Assets Holdings Ltd.		172,500		1,523,596
				6,325,818
ITALY — 4.53%
Enel SpA		1,029,802		5,513,294
Italgas SpA		67,356		339,711

Security	Shares		Value
Terna Rete Elettrica Nazionale SpA		190,332	$	1,025,935
				6,878,940
JAPAN — 3.99%
Chubu Electric Power Co. Inc.		95,900		1,273,859
Kansai Electric Power Co. Inc. (The)		107,500		1,480,086
Kyushu Electric Power Co. Inc.		63,000		764,792
Osaka Gas Co. Ltd.		277,000		1,132,801
Tokyo Gas Co. Ltd.		270,000		1,404,067
				6,055,605
PORTUGAL — 0.70%
EDP – Energias de Portugal SA		326,487		1,066,109
				1,066,109
SOUTH KOREA — 0.81%
Korea Electric Power Corp. ADR		68,818		1,236,659
				1,236,659
SPAIN — 6.40%
Acciona SA		3,747		329,327
Endesa SA		42,200		970,806
Gas Natural SDG SA		48,215		1,126,778
Iberdrola SA		782,321		6,186,151
Red Electrica Corp. SA		53,610		1,118,646
				9,731,708
UNITED KINGDOM — 8.08%
Centrica PLC		728,783		1,895,198
National Grid PLC		480,424		5,939,674
Severn Trent PLC		31,436		890,993
SSE PLC		134,102		2,531,005
United Utilities Group PLC		91,175		1,027,395
				12,284,265
UNITED STATES — 57.42%
AES Corp./VA		87,208		968,881
Alliant Energy Corp.		30,247		1,215,022
Ameren Corp.		32,220		1,761,467
American Electric Power Co. Inc.		65,353		4,540,073
American Water Works Co. Inc.		23,661		1,844,375
CenterPoint Energy Inc.		57,166		1,565,205
CMS Energy Corp.		37,200		1,720,500
Consolidated Edison Inc.		40,619		3,282,828
Dominion Energy Inc.		83,649		6,410,023

157

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL UTILITIES ETF

June 30, 2017

Security	Shares		Value
DTE Energy Co.		23,805	$	2,518,331
Duke Energy Corp.		93,046		7,777,715
Edison International		43,280		3,384,063
Entergy Corp.		23,876		1,832,960
Eversource Energy		42,141		2,558,380
Exelon Corp.		122,932		4,434,157
FirstEnergy Corp.		58,817		1,715,104
NextEra Energy Inc.		62,214		8,718,048
NiSource Inc.		43,442		1,101,689
NRG Energy Inc.		41,777		719,400
PG&E Corp.		67,911		4,507,253
Pinnacle West Capital Corp.		14,762		1,257,132
PPL Corp.		90,839		3,511,836
Public Service Enterprise Group Inc.		67,288		2,894,057
SCANA Corp.		18,959		1,270,443
Sempra Energy		33,292		3,753,673
Southern Co. (The)		132,221		6,330,741
WEC Energy Group Inc.		41,936		2,574,032
Xcel Energy Inc.		67,480		3,095,982
				87,263,370
TOTAL COMMON STOCKS
(Cost: $181,745,444)				150,777,225
PREFERRED STOCKS — 0.17%
BRAZIL — 0.17%
Cia. Energetica de Minas Gerais ADR, Preference Shares		111,030		266,472
				266,472
TOTAL PREFERRED STOCKS
(Cost: $784,584)				266,472

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.18%
MONEY MARKET FUNDS — 0.18%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		26,597	$	26,605
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		241,842		241,842
				268,447
TOTAL SHORT-TERM INVESTMENTS
(Cost: $268,450)				268,447
TOTAL INVESTMENTS IN SECURITIES — 99.57%
(Cost: $182,798,478)g				151,312,144
Other Assets, Less Liabilities — 0.43%				654,000
NET ASSETS — 100.00%			$	151,966,144

ADR   —  American Depositary Receipts

^a  This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^b  All or a portion of this security represents a security on loan.

^c  Non-income earning security.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $187,667,135. Net unrealized depreciation was $36,354,991, of which $5,414,475 represented gross unrealized appreciation on securities and $41,769,466 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	150,777,225	$	—	$	—	$	150,777,225
Preferred stocks		266,472		—		—		266,472
Money market funds		268,447		—		—		268,447
Total	$	151,312,144	$	—	$	—	$	151,312,144

158

Schedule of Investments (Unaudited)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
MUNICIPAL BONDS & NOTES — 100.82%
ALABAMA — 0.32%
Alabama Federal Aid Highway Finance Authority RB
5.00%, 09/01/17		$	175	$	176,232
Alabama Water Pollution Control Authority RB Series B
2.50%, 08/15/17			150		150,309
City of Huntsville AL GO Series A
4.00%, 09/01/17			290		291,560
					618,101
ALASKA — 4.47%
Alaska Housing Finance Corp. RB Series A
0.87%, 12/01/30	(Call 07/06/17)		7,800		7,800,000
Municipality of Anchorage AK GO
Series A
4.25%, 08/01/17			100		100,299
Series B
5.00%, 09/01/17	(NPFGC)		125		125,890
Series D
4.25%, 08/01/17	(AMBAC)		100		100,299
State of Alaska GO Series A
5.00%, 08/01/17			570		572,018
					8,698,506
ARIZONA — 4.43%
Arizona Department of Transportation State Highway Fund Revenue RB Series A
5.00%, 07/01/17			185		185,022
Arizona State University RB Series A
4.00%, 07/01/17			130		130,012
Arizona Transportation Board RB
5.00%, 07/01/17			1,055		1,055,126
Series A
4.00%, 07/01/17			150		150,013
City of Chandler AZ GO
3.00%, 07/01/17			100		100,006

Security		Principal (000s)		Value
City of Glendale AZ GOL
4.00%, 07/01/17		$	100	$	100,008
City of Glendale AZ Water & Sewer Revenue RB
5.00%, 07/01/17	(NPFGC)		100		100,012
City of Mesa AZ RB
5.00%, 07/01/17			100		100,012
City of Mesa AZ Utility System Revenue RB
4.00%, 07/01/17	(AGM)		100		100,009
5.25%, 07/01/17	(NPFGC)		65		65,008
5.25%, 07/01/17	(ETM) (NPFGC)		40		40,005
5.25%, 07/01/17	(ETM) (NPFGC-FGIC)		90		90,012
City of Phoenix AZ GO Series A
5.00%, 07/01/17			480		480,058
City of Phoenix AZ GOL Series C
4.00%, 07/01/17			150		150,014
City of Phoenix Civic Improvement Corp. RB
3.00%, 07/01/17			100		100,006
4.00%, 07/01/17	(NPFGC)		175		175,016
5.00%, 07/01/17			400		400,048
5.50%, 07/01/17			325		325,042
Series A
4.00%, 07/01/17			180		180,016
5.00%, 07/01/17			165		165,020
Series B
5.00%, 07/01/17			325		325,039
Series C
5.00%, 07/01/17			310		310,037
City of Scottsdale AZ Water & Sewer Revenue RB
5.00%, 07/01/17			100		100,012
City of Tempe AZ GO Series C
5.00%, 07/01/17			250		250,030
City of Tempe AZ RB
5.00%, 07/01/17			240		240,029
County of Maricopa AZ COP
5.00%, 07/01/17			250		250,030

159

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
County of Pima AZ Series A
3.00%, 07/01/17		$	250	$	250,015
County of Pima AZ GO
4.00%, 07/01/17	(AGM)		100		100,009
Maricopa County Community College District GO
4.00%, 07/01/17			525		525,047
Series C
5.00%, 07/01/17			290		290,035
Maricopa County High School District No. 210-Phoenix GO
5.00%, 07/01/17	(NPFGC)		555		555,067
Maricopa County Unified School District No. 11-Peoria GO
3.00%, 07/01/17			100		100,006
Maricopa County Unified School District No. 4 Mesa GO
Series B
4.00%, 07/01/17	(NPFGC)		90		90,008
Series C
4.00%, 07/01/17			170		170,015
Regional Public Transportation Authority RB Series A
5.00%, 07/01/17			100		100,012
Scottsdale Preserve Authority RB
5.00%, 07/01/17			200		200,024
State of Arizona COP
4.00%, 09/01/17			100		100,533
State of Illinois RB
4.50%, 07/01/17	(AGM)		180		180,018
Town of Gilbert AZ GO
5.00%, 07/01/17			110		110,013
University of Arizona RB
5.00%, 07/01/17	(AGM)		195		195,023
					8,631,467
CALIFORNIA — 10.32%
Acalanes Union High School District GO
0.00%, 08/01/17	(NPFGC)		100		99,922
Anaheim Union High School District GO
5.00%, 08/01/17			105		105,381

Security		Principal (000s)		Value
Berkeley Unified School District/CA GO
4.00%, 08/01/17		$	150	$	150,417
Cabrillo Community College District GO
5.00%, 08/01/17			100		100,363
California State Public Works Board RB
Series A
4.00%, 09/01/17			300		301,635
Series F
5.00%, 09/01/17			200		201,428
City of Cupertino CA COP
2.00%, 07/01/17			100		100,004
City of Los Angeles CA GO Series A
4.00%, 09/01/17			250		251,378
City of Pasadena CA Electric Revenue RB
4.00%, 08/01/17			105		105,293
County of Orange CA Airport Revenue RB Series B
5.00%, 07/01/17			350		350,042
County of Sacramento CA Airport System Revenue RB Series D
3.75%, 07/01/17	(AGM)		380		380,030
East Side Union High School District GO Series B
4.00%, 08/01/17	(AGC)		200		200,558
Eastside Union School District GO Series A
0.00%, 08/01/17	(NPFGC)		250		249,748
Escondido Union School District/CA GO Series B
5.00%, 08/01/17	(NPFGC)		160		160,582
Evergreen School District GO Series A
6.00%, 08/01/17	(AGM)		100		100,442
Fullerton School District GO
4.00%, 08/01/17			145		145,405

160

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Grossmont Union High School District GO
4.00%, 08/01/17		$	200	$	200,558
Hayward Unified School District GO
4.00%, 08/01/17	(AGM)		100		100,284
Long Beach Unified School District GO Series A
5.00%, 08/01/17			185		185,675
Los Angeles Community College District/CA GO
Series A
5.00%, 08/01/17			420		421,529
5.00%, 08/01/32	(PR 08/01/17) (NPFGC)		800		802,952
Series F
5.00%, 08/01/17			75		75,273
Los Angeles Convention & Exhibit Center Authority RB Series A
5.00%, 08/15/17	(ETM)		210		211,115
Los Angeles County Metropolitan Transportation Authority RB
Series A
5.00%, 07/01/17			560		560,067
Series B
5.00%, 07/01/17			915		915,110
Los Angeles Department of Water & Power System Revenue RB
Series A
4.13%, 07/01/17			300		300,027
5.00%, 07/01/17			410		410,049
Series A-1
5.00%, 07/01/17	(AMBAC)		270		270,032
Los Angeles Unified School District/CA GO
Series A-1
4.00%, 07/01/17			570		570,051
5.50%, 07/01/17	(FGIC)		135		135,018
Series B
4.00%, 07/01/17	(AMBAC)		150		150,014
Series C
2.00%, 07/01/17			500		500,020
4.00%, 07/01/17	(AGM)		100		100,009

Security		Principal (000s)		Value
Series I
5.00%, 07/01/17		$	100	$	100,012
Series J
5.00%, 07/01/17			150		150,018
Series KRY
4.00%, 07/01/17			100		100,009
5.00%, 07/01/17			145		145,017
Series KY
5.00%, 07/01/17			320		320,038
M-S-R Public Power Agency RB Series L
5.00%, 07/01/17	(AGM)		100		100,011
Metropolitan Water District of Southern California RB
5.00%, 07/01/17			335		335,040
Series C
4.00%, 07/01/17			135		135,012
Series E
4.00%, 07/01/17			100		100,009
Milpitas Redevelopment Agency Successor Agency TA
4.00%, 09/01/17			75		75,399
Mount San Antonio Community College District GO
0.00%, 08/01/17	(ETM) (NPFGC)		100		99,929
New Haven Unified School District GO
4.00%, 08/01/17			150		150,413
Oak Grove School District GO Series B
4.00%, 08/01/17			125		125,346
Sacramento Municipal Utility District RB
Series U
3.63%, 08/15/17	(AGM)		220		220,788
5.00%, 08/15/17	(AGM)		655		658,465
San Diego Community College District GO
4.00%, 08/01/17			400		401,112
San Diego County Regional Airport Authority RB Series A
5.00%, 07/01/17			200		200,022

161

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
San Diego Public Facilities Financing Authority Water Revenue RB Series A
5.00%, 08/01/17	(ETM)	$	285	$	286,037
San Diego Unified School District/CA GO Series D-1
5.50%, 07/01/17	(NPFGC)		365		365,048
San Francisco Bay Area Rapid Transit District GO Series C
3.00%, 08/01/17			225		225,439
San Francisco Bay Area Rapid Transit District RB Series A
4.00%, 07/01/17			100		100,009
San Juan Unified School District GO Series B
2.00%, 08/01/17			150		150,159
San Mateo County Community College District GO
4.00%, 09/01/17			345		346,904
San Mateo Foster City School District/CA GO Series A
2.00%, 08/01/17			175		175,189
Santa Clara Unified School District GO
5.00%, 07/01/17			200		200,024
Santa Margarita-Dana Point Authority RB Series 2014A
5.00%, 08/01/17			100		100,365
Santa Monica Community College District GO Series A
5.00%, 08/01/17			245		245,889
Santa Monica-Malibu Unified School District GO
5.25%, 08/01/17			100		100,385
Southern California Public Power Authority RB
5.00%, 07/01/17			460		460,056
Series A
5.00%, 07/01/17			635		635,076

Security		Principal (000s)		Value
Southwestern Community College District GO Series B
5.25%, 08/01/17	(NPFGC)	$	220	$	220,851
State of California GO
4.00%, 08/01/17			250		250,698
4.00%, 09/01/17			1,065		1,070,825
5.00%, 09/01/17			275		276,966
Series A
4.25%, 07/01/17	(ETM)		30		30,003
5.00%, 07/01/17	(ETM)		1,070		1,070,129
Series B
5.00%, 09/01/17			1,100		1,107,865
West Basin Municipal Water District/CA RB Series A
4.00%, 08/01/17			50		50,136
West Contra Costa Unified School District GO
5.00%, 08/01/17	(AGC)		100		100,360
West Valley-Mission Community College District GO Series A
4.00%, 08/01/17			200		200,560
					20,096,024
COLORADO — 0.31%
City & County of Denver CO GO Series A
5.00%, 08/01/17			200		200,730
City & County of Denver CO RB Series A
5.00%, 09/01/17	(ETM) (AGM)		350		352,485
County of Boulder CO RB
5.00%, 07/15/17			50		50,089
					603,304
CONNECTICUT — 0.85%
City of Danbury CT GO Series B
5.00%, 07/01/17			265		265,032
City of Hartford CT GO Series A
5.25%, 08/15/17	(ETM) (AMBAC)		100		100,555

162

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
City of Stamford CT GO Series B
5.00%, 07/01/17		$	300	$	300,036
Connecticut State Health & Educational Facility Authority RB Series A
0.80%, 07/01/48	(MT 07/26/17)		100		99,997
State of Connecticut GO Series E
4.00%, 08/15/17			150		150,588
State of Connecticut Special Tax Revenue ST
Series A
4.00%, 08/01/17	(AMBAC)		180		180,481
Series B
5.25%, 07/01/17	(AMBAC)		480		480,057
University of Connecticut RB Series A
4.00%, 08/15/17			75		75,296
					1,652,042
DELAWARE — 1.03%
County of New Castle DE GO
Series A
5.00%, 07/15/17			130		130,231
5.00%, 07/15/17	(ETM)		70		70,124
Series B
5.00%, 07/15/17			130		130,231
Delaware Transportation Authority RB
5.00%, 07/01/17			290		290,035
5.00%, 09/01/17			120		120,848
Series A
5.00%, 07/01/17			580		580,070
State of Delaware GO
Series A
3.00%, 07/01/17			130		130,008
5.00%, 07/01/17			280		280,034
Series B
5.00%, 07/01/17			275		275,033
					2,006,614
FLORIDA — 6.52%
City of West Palm Beach FL Utility System Revenue RB Series C
0.94%, 10/01/38	(Call 07/05/17) (AGC)		2,750		2,750,000

Security		Principal (000s)		Value
County of Hillsborough FL Utility Revenue RB Series A
4.00%, 08/01/17		$	245	$	245,666
County of Miami-Dade FL GO
5.00%, 07/01/17			120		120,014
Series B
5.00%, 07/01/17			100		100,012
County of Miami-Dade FL RB
4.50%, 08/01/17	(NPFGC)		100		100,313
5.00%, 08/01/17	(NPFGC)		275		275,979
County of Miami-Dade FL Transit System RB
4.00%, 07/01/17			140		140,013
5.00%, 07/01/17			200		200,024
5.00%, 07/01/17	(AGM)		225		225,027
Series A
3.00%, 07/01/17			100		100,006
County of Palm Beach FL GO
5.00%, 08/01/17			290		291,061
Florida Department of Environmental Protection RB
5.00%, 07/01/17			125		125,015
5.00%, 07/01/17	(AGC)		195		195,023
Series A
3.25%, 07/01/17			180		180,013
4.00%, 07/01/17			200		200,018
Series B
5.00%, 07/01/17			115		115,014
5.25%, 07/01/17			285		285,034
Florida Department of Management Services COP Series A
5.00%, 08/01/17			500		501,815
Florida Housing Finance Corp. RB
0.93%, 12/15/41	(Call 07/15/17)		1,245		1,245,000
Florida’s Turnpike Enterprise RB
Series A
5.00%, 07/01/17			845		845,102
Series B
5.00%, 07/01/17			500		500,060
Series C
5.00%, 07/01/17			350		350,042

163

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Lee County School Board COP
5.00%, 08/01/17		$	200	$	200,716
Series B
5.00%, 08/01/17			300		301,074
Miami-Dade County Expressway Authority RB Series A
5.00%, 07/01/17			100		100,012
Orlando-Orange County Expressway Authority RB
5.00%, 07/01/17			175		175,021
Palm Beach County School District COP
Series B
3.00%, 08/01/17			100		100,186
5.00%, 08/01/17			150		150,537
School Board of Miami-Dade County (The) COP Series A
5.00%, 08/01/17	(AMBAC)		100		100,357
State of Florida GO
5.00%, 07/01/17			435		435,052
Series A
5.00%, 07/01/17			340		340,041
State of Florida Lottery Revenue RB
Series A
5.00%, 07/01/17			545		545,065
5.00%, 07/01/17	(AMBAC)		130		130,016
Series B
5.00%, 07/01/17			260		260,031
Series C
5.00%, 07/01/17			430		430,052
Series E
5.00%, 07/01/17			225		225,027
Volusia County School Board COP
5.00%, 08/01/17			125		125,446
					12,708,884
GEORGIA — 2.67%
County of Cobb GA Water & Sewerage Revenue RB
4.50%, 07/01/17			140		140,014
Gwinnett County Water & Sewerage Authority RB Series A
4.00%, 08/01/17	(GTD)		450		451,247

Security		Principal (000s)		Value
Metropolitan Atlanta Rapid Transit Authority RB Series A
5.00%, 07/01/17	(NPFGC)	$	315	$	315,038
State of Georgia GO
Series A
5.00%, 07/01/17			445		445,053
Series B
5.00%, 07/01/17			100		100,012
Series D
5.00%, 07/01/17			400		400,048
Series E
5.00%, 08/01/19	(PR 08/01/17)		850		853,077
5.00%, 08/01/21	(PR 08/01/17)		950		953,439
Series I
5.00%, 07/01/17			660		660,079
Series J-1
4.00%, 07/01/17			875		875,079
					5,193,086
HAWAII — 0.91%
City & County of Honolulu HI GO
Series A
4.00%, 08/01/17	(ETM)		50		50,136
Series A-2016
4.00%, 08/01/17			40		40,109
4.00%, 08/01/17	(ETM)		35		35,096
Series B
2.50%, 08/01/17			100		100,149
5.00%, 08/01/17			275		276,004
Series F
5.00%, 09/01/17			115		115,823
City & County of Honolulu HI Wastewater System Revenue RB
Series A
2.00%, 07/01/17			100		100,003
3.25%, 07/01/17			100		100,007
4.25%, 07/01/17	(NPFGC)		150		150,015
5.00%, 07/01/17			125		125,015
State of Hawaii GO
Series DN
5.00%, 08/01/17			250		250,912
Series DO
5.00%, 08/01/17			200		200,730

164

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
State of Hawaii State Highway Fund RB
5.50%, 07/01/17		$	220	$	220,029
					1,764,028
IDAHO — 0.05%
Ada & Canyon Counties Joint School District No. 2 Meridian GO Series 2010
3.00%, 07/30/17			100		100,175
					100,175
ILLINOIS — 1.08%
Illinois Finance Authority RB
Series B
5.00%, 07/01/17			225		225,027
5.00%, 07/01/17	(ETM)		10		10,001
Series D
0.86%, 12/01/46	(Call 06/30/17)		1,000		1,000,000
Regional Transportation Authority RB
Series A
5.00%, 07/01/17			150		150,018
6.00%, 07/01/17	(NPFGC)		200		200,028
State of Illinois GO
5.00%, 08/01/17			475		476,221
First Series
5.50%, 08/01/17	(NPFGC)		35		35,124
					2,096,419
INDIANA — 0.66%
Indiana Finance Authority RB Series C
5.00%, 07/01/17			50		50,006
Indiana University RB Series V-1
3.00%, 08/01/17			275		275,528
Purdue University RB
Series BB-1
4.00%, 07/01/17			105		105,009
Series Y
5.00%, 07/01/17			200		200,024
Series Z-1
5.00%, 07/01/17			655		655,079
					1,285,646

Security		Principal (000s)		Value
IOWA — 0.34%
Iowa Finance Authority RB
4.25%, 08/01/17	(ETM)	$	250	$	250,743
5.00%, 08/01/17			250		250,912
Series A
4.00%, 08/01/17			155		155,432
					657,087
KANSAS — 0.14%
Sedgwick County Unified School District No. 259 Wichita GO
5.00%, 09/01/17	(NPFGC)		200		201,428
State of Kansas Department of Transportation RB Series A
5.00%, 09/01/17			75		75,536
					276,964
KENTUCKY — 0.54%
Kentucky Asset Liability Commission RB First Series
5.00%, 09/01/17	(NPFGC)		400		402,796
Kentucky Public Transportation Infrastructure Authority RB Series A
3.00%, 07/01/17			50		50,002
Kentucky State Property & Building Commission RB Series A
5.00%, 08/01/17			150		150,537
Kentucky Turnpike Authority RB Series A
5.00%, 07/01/17			450		450,054
					1,053,389
LOUISIANA — 0.29%
State of Louisiana GO Series C
5.00%, 07/15/17			565		565,994
					565,994
MAINE — 0.44%
Maine Turnpike Authority RB
5.00%, 07/01/17			500		500,060
5.00%, 07/01/17	(AGM)		100		100,012
5.25%, 07/01/37	(PR 07/01/17) (AMBAC)		250		250,030
					850,102

165

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
MARYLAND — 3.60%
City of Baltimore MD RB Series D
5.00%, 07/01/17	(AMBAC)	$	150	$	150,018
City of Frederick MD GO
5.00%, 09/01/17			100		100,719
County of Baltimore MD GO
5.00%, 08/01/17			345		346,259
Series B
5.00%, 08/01/17			500		501,825
County of Frederick MD GO Series B
4.00%, 08/01/17			100		100,279
County of Howard MD GO Series B
5.00%, 08/15/17			365		366,931
County of Montgomery MD GO
Series A
5.00%, 07/01/17			300		300,036
5.00%, 08/01/17			200		200,730
County of Montgomery MD GOL Series A
5.00%, 08/01/17			150		150,548
County of Prince George’s MD GOL
Series A
5.00%, 07/15/22	(PR 07/15/17)		350		350,616
Series B
5.00%, 07/15/17			200		200,354
Series C
5.00%, 08/01/17			200		200,730
Maryland State Transportation Authority RB
5.00%, 07/01/17			300		300,036
Series A
4.00%, 07/01/17			380		380,034
5.00%, 07/01/17			100		100,012
State of Maryland Department of Transportation RB Second Series
4.00%, 09/01/17			115		115,624
State of Maryland GO
Second Series
5.00%, 07/15/17			475		475,841
5.00%, 08/01/17			485		486,770

Security		Principal (000s)		Value
Second Series A
3.00%, 08/15/17		$	100	$	100,273
Second Series B
5.00%, 08/01/17			725		727,646
5.25%, 08/15/17			360		362,016
Series A
5.00%, 08/15/23	(PR 08/15/17)		250		251,325
Series B
4.50%, 08/01/17			750		752,415
					7,021,037
MASSACHUSETTS — 8.01%
Commonwealth of Massachusetts GO
Series A
4.00%, 09/01/17			100		100,545
Series C
5.25%, 08/01/17			425		426,640
Commonwealth of Massachusetts GOL
Series 7
4.00%, 07/01/17			255		255,023
Series A
4.00%, 08/01/17			300		300,834
5.00%, 08/01/17			450		451,638
Series B
3.00%, 07/01/17			100		100,006
3.00%, 08/01/17			180		180,347
4.00%, 08/01/17			250		250,695
5.00%, 07/01/17			400		400,048
5.00%, 08/01/17			350		351,274
Series C
4.13%, 08/01/17	(AGM)		120		120,347
5.00%, 08/01/37	(PR 08/01/17) (AMBAC)		450		451,615
Series D
5.50%, 08/01/17			215		215,875
Massachusetts Bay Transportation Authority RB
Series A
3.00%, 07/01/17			100		100,006
Series B
5.00%, 07/01/17			175		175,021
5.25%, 07/01/17			1,155		1,155,142
Series C
5.50%, 07/01/17			990		990,129
5.50%, 07/01/17	(ETM)		205		205,027

166

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series D
5.00%, 07/01/17	(ETM)	$	500	$	500,060
Massachusetts Clean Water Trust (The) RB
5.00%, 08/01/17			500		501,825
Series 12
5.25%, 08/01/17			950		953,667
Series 14
3.50%, 08/01/17			100		100,236
5.00%, 08/01/17			245		245,894
Series A
5.25%, 08/01/17			485		486,872
Massachusetts Health & Educational Facilities Authority RB
0.90%, 07/01/27	(Call 07/03/17)		4,000		4,000,000
5.38%, 07/01/17			450		450,058
Massachusetts Municipal Wholesale Electric Co. RB
5.00%, 07/01/17			100		100,012
Massachusetts Port Authority RB
Series B
4.50%, 07/01/17	(AGM)		100		100,010
Series D
5.00%, 07/01/17	(AGM)		140		140,017
Massachusetts School Building Authority RB Series B
4.00%, 08/15/17			835		838,382
Massachusetts Water Resources Authority RB
Series J
5.25%, 08/01/17	(AGM)		840		843,259
5.25%, 08/01/17	(ETM) (AGM)		120		120,460
					15,610,964
MICHIGAN — 0.80%
Michigan Finance Authority RB Series A
5.00%, 07/01/17			1,465		1,465,176
Michigan State University RB Series A
4.00%, 08/15/17			100		100,403
					1,565,579

Security		Principal (000s)		Value
MINNESOTA — 1.41%
State of Minnesota GO
5.00%, 08/01/17		$	905	$	908,285
5.00%, 08/01/17	(ETM)		5		5,018
Series A
5.00%, 08/01/17			175		175,635
Series B
5.00%, 08/01/17			275		275,998
Series C
5.00%, 08/01/17			235		235,853
Series D
3.00%, 08/01/17			200		200,382
4.00%, 08/01/17			100		100,277
5.00%, 08/01/17			465		466,689
Series F
4.00%, 08/01/17			375		376,039
					2,744,176
MISSISSIPPI — 1.54%
Mississippi Business Finance Corp. RB Series K
1.00%, 11/01/35	(Call 07/03/17)		2,900		2,900,000
Mississippi Development Bank RB Series C
5.00%, 08/01/17			100		100,357
					3,000,357
MISSOURI — 0.20%
Missouri State Environmental Improvement & Energy Resources Authority RB
5.00%, 07/01/17			245		245,029
5.00%, 07/01/17	(ETM)		5		5,001
Series B
5.00%, 07/01/17			150		150,018
					400,048
NEBRASKA — 0.08%
Nebraska Public Power District RB
4.00%, 07/01/17			150		150,014
					150,014
NEVADA — 0.95%
County of Clark Department of Aviation RB
5.00%, 07/01/17			300		300,036

167

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series D
5.00%, 07/01/17		$	505	$	505,061
County of Clark NV RB
5.00%, 07/01/17			500		500,060
5.00%, 07/01/17	(AMBAC)		250		250,030
Series B
3.00%, 07/01/17			150		150,009
State of Nevada GOL
4.00%, 08/01/17			150		150,415
					1,855,611
NEW HAMPSHIRE — 0.61%
New Hampshire Municipal Bond Bank RB
Series A
4.00%, 08/15/17			150		150,599
5.00%, 08/15/17			475		477,527
State of New Hampshire GO Series A
5.00%, 07/01/17			200		200,024
State of New Hampshire RB
5.00%, 09/01/17			350		352,450
					1,180,600
NEW JERSEY — 0.77%
Camden County Municipal Utilities Authority RB
5.25%, 07/15/17	(GTD)		100		100,184
New Jersey Economic Development Authority RB Series GG
5.00%, 09/01/17	(ETM) (SAP)		40		40,283
New Jersey Educational Facilities Authority RB Series F
4.50%, 07/01/17			250		250,025
State of New Jersey GO
5.00%, 08/01/17			100		100,358
Series H
5.25%, 07/01/17			125		125,015
Series L
5.25%, 07/15/17	(AMBAC)		380		380,699
Series N
5.50%, 07/15/17	(NPFGC)		400		400,788

Security		Principal (000s)		Value
Series Q
5.00%, 08/15/17		$	100	$	100,518
					1,497,870
NEW MEXICO — 1.25%
Albuquerque Municipal School District No. 12 GO Series A
4.00%, 08/01/17	(SAW)		225		225,623
City of Albuquerque NM GO Series A
4.00%, 07/01/17			100		100,009
City of Albuquerque NM RB Series B
5.00%, 07/01/17			150		150,018
County of Santa Fe NM GO
4.00%, 07/01/17			100		100,009
Santa Fe Public School District GO
5.00%, 08/01/17	(SAW)		250		250,907
State of New Mexico Severance Tax Permanent Fund RB
Series A
5.00%, 07/01/17			1,275		1,275,153
Series A-2
5.00%, 07/01/17			175		175,021
Series B
5.00%, 07/01/17			150		150,017
					2,426,757
NEW YORK — 15.64%
Brooklyn Arena Local Development Corp. RB Series A
5.00%, 07/15/17			100		100,163
City of Albany NY GOL Series A
2.00%, 07/01/17			100		100,003
City of New York NY GO
Series 1
5.00%, 08/01/17			45		45,160
5.00%, 08/01/17	(ETM)		5		5,018
Series A
3.00%, 08/01/17			100		100,184
Series A-1
4.00%, 08/01/17			115		115,309

168

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
4.00%, 08/15/17		$	250	$	250,975
4.20%, 08/01/17			210		210,603
5.00%, 08/01/17			835		837,964
Series B
4.00%, 08/01/17			250		250,672
5.00%, 08/01/17			2,220		2,227,880
Series C
3.00%, 08/01/17			100		100,184
4.00%, 08/01/17			250		250,673
5.00%, 08/01/17			835		837,965
5.25%, 08/01/17			100		100,377
Series E
4.00%, 08/01/17			555		556,493
5.00%, 08/01/17			1,280		1,284,544
Series F
5.00%, 08/01/17			200		200,710
Series G
4.00%, 08/01/17			540		541,453
5.00%, 08/01/17			100		100,355
Series H
4.00%, 08/01/17			200		200,538
Series I
5.00%, 08/01/17			600		602,130
Series I-1
4.00%, 08/01/17			120		120,323
5.00%, 08/01/17			650		652,307
Series J-1
5.00%, 08/01/17			585		587,077
Metropolitan Transportation Authority RB Series A
5.50%, 07/01/17	(SAP)		345		345,045
New York City Transitional Finance Authority Building Aid Revenue RB
Series S-1
4.00%, 07/15/17	(SAW)		350		350,462
4.50%, 07/15/17	(SAW)		275		275,421
New York City Transitional Finance Authority Future Tax Secured Revenue RB
5.00%, 08/01/17			275		275,990
5.00%, 08/01/17	(ETM)		20		20,072
Series A-1
5.00%, 08/01/17			450		451,620

Security		Principal (000s)		Value
Series A-3
4.00%, 08/01/17	(ETM)	$	335	$	335,911
New York City Trust for Cultural Resources RB Series D
4.00%, 08/01/17	(ETM)		250		250,680
New York City Water & Sewer System RB Series BB
0.87%, 06/15/36	(Call 06/30/17)		6,000		6,000,000
New York State Dormitory Authority RB
4.75%, 07/01/17			100		100,011
5.00%, 07/01/17			510		510,061
Series A
3.00%, 07/01/17			130		130,008
3.10%, 07/01/17			200		200,012
5.00%, 07/01/17			960		960,115
6.00%, 07/01/17	(NPFGC)		100		100,014
Series B
5.00%, 07/01/17	(ETM) (AGC)		105		105,013
New York State Environmental Facilities Corp. RB Series A
5.00%, 08/15/17			225		226,181
New York State Urban Development Corp. RB Series A-3
0.90%, 03/15/33	(Call 06/30/17)		1,285		1,285,000
State of Washington RB Series 148
5.00%, 08/15/17	(AGM)		100		100,526
Triborough Bridge & Tunnel Authority RB Series A
0.89%, 11/01/35	(Call 07/31/17)		8,000		8,000,000
Virginia Public School Authority RB Series 163
2.50%, 07/15/17	(GOI)		50		50,036
					30,451,238
NORTH CAROLINA — 1.00%
City of Charlotte NC GO
5.00%, 08/01/17			845		848,084

169

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security	Principal (000s)		Value
City of Charlotte NC Water & Sewer System Revenue RB
5.00%, 07/01/17	$	110	$	110,013
Series B
4.00%, 07/01/17		100		100,009
5.00%, 07/01/17		200		200,024
County of Guilford NC GO Series A
5.00%, 08/01/17		100		100,365
County of Mecklenburg NC GO
Series A
4.00%, 08/01/17		100		100,279
5.00%, 08/01/17		495		496,807
				1,955,581
OHIO — 1.87%
City of Columbus OH GO
Series 2012-3
5.00%, 08/15/17		635		638,359
Series A
5.00%, 07/01/17		115		115,014
5.00%, 08/15/17		75		75,397
Miami University/Oxford OH RB
4.00%, 09/01/17		100		100,509
State of Ohio Department of Administration COP
5.00%, 09/01/17		605		609,247
State of Ohio GO
Series B
5.00%, 08/01/17		680		682,475
Series C
5.00%, 08/01/17		1,410		1,415,132
				3,636,133
OKLAHOMA — 0.99%
Oklahoma Capital Improvement Authority RB
Series A
3.25%, 07/01/17		100		100,007
4.00%, 07/01/17		375		375,033
Series B
4.00%, 07/01/17		255		255,023
Oklahoma City Water Utilities Trust RB
4.00%, 07/01/17		100		100,009

Security		Principal (000s)		Value
Oklahoma County Independent School District No. 12 Edmond GO
1.50%, 08/01/17		$	150	$	150,096
2.50%, 08/01/17			65		65,097
Oklahoma County Independent School District No. 89 Oklahoma City GO
3.00%, 07/01/17	(ETM)		100		100,006
Oklahoma Department of Transportation RB
5.00%, 09/01/17			100		100,680
State of Oklahoma GO
Series A
4.00%, 07/15/17			125		125,169
5.00%, 07/15/17			360		360,641
Tulsa County Independent School District No. 1 Tulsa GO Series B
2.00%, 08/01/17			200		200,200
					1,931,961
OREGON — 0.68%
City of Portland OR Sewer System Revenue RB Series A
5.00%, 08/01/17			440		441,610
State of Oregon GO
Series A
5.00%, 08/01/17			365		366,328
Series O
5.00%, 08/01/17			370		371,350
Tri-County Metropolitan Transportation District of Oregon RB Series A
5.00%, 09/01/17			150		151,082
					1,330,370
PENNSYLVANIA — 3.29%
City of Philadelphia PA GO Series A
5.25%, 08/01/17	(AGM)		150		150,552
Commonwealth of Pennsylvania GO
First Series
5.00%, 07/01/17			450		450,054
5.00%, 08/15/17			350		351,830

170

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Second Series
5.00%, 07/01/17		$	75	$	75,009
5.00%, 08/01/20	(PR 08/01/17)		175		175,639
Third Series
5.00%, 07/15/17			600		601,050
5.38%, 07/01/17			500		500,065
5.38%, 07/01/17	(AGM-CR)		920		920,120
Delaware County Authority RB
5.00%, 08/01/17			150		150,535
Delaware Valley Regional Finance Authority RB
5.75%, 07/01/17			450		450,063
Pennsylvania Economic Development Financing Authority RB Series A
5.00%, 07/01/17			1,830		1,830,220
Pennsylvania Higher Educational Facilities Authority RB
3.50%, 08/01/17	(ETM)		150		150,342
5.00%, 08/01/17	(ETM)		285		286,035
5.00%, 09/01/17			125		125,900
Pennsylvania State University RB Series B
5.25%, 08/15/17			100		100,559
Philadelphia Regional Port Authority RB
5.00%, 09/01/17			100		100,701
					6,418,674
RHODE ISLAND — 0.13%
Rhode Island Health & Educational Building Corp. RB
4.00%, 09/01/17			105		105,572
State of Rhode Island GO
5.00%, 08/01/17			150		150,546
					256,118
SOUTH CAROLINA — 0.27%
County of Charleston SC GO Series A
5.50%, 08/01/17			100		100,408
North Charleston Sewer District RB
4.00%, 07/01/17			100		100,009

Security		Principal (000s)		Value
South Carolina Ports Authority RB
5.00%, 07/01/17		$	125	$	125,015
State of South Carolina GO Series A
5.00%, 07/01/17	(SAW)		200		200,024
					525,456
TENNESSEE — 1.13%
Metropolitan Government of Nashville & Davidson County TN GO
Series A
4.00%, 07/01/17			250		250,023
5.00%, 07/01/17			695		695,083
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue RB
5.00%, 07/01/17			250		250,030
Metropolitan Nashville Airport Authority (The) RB Series A
4.13%, 07/01/17	(AGC)		100		100,009
State of Tennessee GO
Series A
4.00%, 08/01/17			695		696,953
Series C
5.00%, 09/01/17			200		201,436
					2,193,534
TEXAS — 7.37%
Austin Independent School District GO
4.00%, 08/01/17			250		250,695
5.00%, 08/01/17	(PSF)		215		215,787
Camino Real Regional Mobility Authority RB
5.00%, 08/15/17			125		125,646
City of Arlington TX GOL Series A
4.00%, 08/15/17			115		115,463
City of Austin TX GOL
5.00%, 09/01/17			100		100,720
City of Carrollton TX GOL
4.00%, 08/15/17			200		200,804

171

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
City of Dallas TX RB
5.00%, 08/15/17	(AGC)	$	100	$	100,488
City of El Paso TX GOL
5.00%, 08/15/17			100		100,522
City of Houston TX Airport System Revenue RB Series B
5.00%, 07/01/17	(NPFGC)		175		175,021
City of Irving TX Waterworks & Sewer System Revenue RB
5.00%, 08/15/17			650		653,419
City of San Antonio TX GOL
5.00%, 08/01/17			390		391,423
Clear Creek Independent School District GO Series B
3.00%, 02/15/35	(MT 08/14/17)		100		100,237
Corpus Christi Independent School District GO
5.00%, 08/15/17			320		321,683
County of Harris TX GOL Series C
5.00%, 08/15/17			390		392,059
County of Harris TX RB Series A
5.00%, 08/15/17	(NPFGC)		355		356,842
County of Tarrant TX GOL
4.00%, 07/15/17			345		345,466
5.00%, 07/15/17			200		200,354
Del Mar College District GOL
5.00%, 08/15/17			100		100,522
Denton Independent School District GO
4.50%, 08/15/17			50		50,229
4.50%, 08/15/17	(ETM)		75		75,351
El Paso Independent School District GO
5.00%, 08/15/17	(PSF)		200		201,054
Ennis Independent School District GO
5.00%, 08/15/17	(PSF)		125		125,659
Frisco Independent School District GO
3.00%, 08/15/17	(PSF)		280		280,778
5.00%, 08/15/17	(PSF)		100		100,527

Security		Principal (000s)		Value
Hays Consolidated Independent School District GO
4.00%, 08/15/17	(PSF)	$	400	$	401,624
Houston Independent School District GOL Series A
5.00%, 08/15/17	(PSF)		300		301,596
Keller Independent School District/TX GO
1.50%, 08/15/17	(PSF)		100		100,096
Klein Independent School District GO
Series A
4.00%, 08/01/17			425		426,169
5.00%, 08/01/17	(PSF)		100		100,366
Leander Independent School District GO Series A
0.00%, 08/15/17	(PSF)		50		49,935
Lewisville Independent School District GO
5.00%, 08/15/17			50		50,263
Lone Star College System GOL
Series A
5.00%, 08/15/17			10		10,052
5.00%, 08/15/17	(ETM)		90		90,475
Magnolia Independent School District/TX GO
5.00%, 08/15/17	(PSF)		100		100,531
Mesquite Independent School District GO
4.25%, 08/15/17	(PSF)		130		130,569
4.25%, 08/15/17	(ETM) (PSF)		100		100,430
North East Independent School District/TX GO
5.00%, 08/01/17	(PSF)		140		140,514
Series A
5.00%, 08/01/17	(PSF)		385		386,411
North Texas Municipal Water District Water System Revenue RB
5.00%, 09/01/17			300		302,148
North Texas Tollway Authority RB
Series A
4.00%, 09/01/17			25		25,135
5.00%, 09/01/17			300		302,124

172

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Northside Independent School District GO
4.00%, 08/15/17	(PSF)	$	200	$	200,807
Permanent University Fund – Texas A&M University System RB
5.00%, 07/01/17			500		500,060
Series A
5.00%, 07/01/17			100		100,012
Round Rock Independent School District GO
5.00%, 08/01/17			365		366,336
5.00%, 08/01/17	(PSF)		170		170,622
Series A
4.00%, 08/01/17			125		125,351
San Antonio Independent School District/TX GO
5.00%, 08/15/17	(PSF)		290		291,543
Series 2011
4.00%, 08/15/17	(PSF)		150		150,611
South San Antonio Independent School District/TX GO
4.25%, 08/15/17	(PSF)		90		90,391
State of Texas GO
Series A
5.00%, 08/01/17			260		260,934
Series B
5.00%, 08/01/17			100		100,364
Series C
4.00%, 08/01/17			125		125,348
5.25%, 08/01/17			200		200,770
Series D
4.00%, 08/01/17			100		100,278
Series E
4.00%, 08/01/17			340		340,945
Tarrant Regional Water District RB
6.00%, 09/01/17			250		252,205
Texas Tech University RB Series A
5.00%, 08/15/17			450		452,371
Texas Water Development Board RB Series A
5.00%, 07/15/17			385		385,680
University of Texas System (The) RB
Series A
4.00%, 08/15/17			245		245,990
5.00%, 08/15/17			275		276,454

Security		Principal (000s)		Value
Series B
3.00%, 08/15/17		$	250	$	250,700
5.00%, 08/15/17			290		291,534
5.25%, 08/15/17			390		392,184
Series C
5.00%, 08/15/17			180		180,952
Series D
2.00%, 08/15/17			100		100,153
Series E
5.00%, 08/15/17			100		100,529
Waco Independent School District GO
4.25%, 08/15/17	(PSF)		100		100,434
Wylie Independent School District/TX GO
0.00%, 08/15/17	(PSF)		100		99,869
					14,352,614
UTAH — 1.72%
County of Salt Lake UT RB Series A
5.00%, 08/15/17			125		125,661
Intermountain Power Agency RB Series A
4.00%, 07/01/17			740		740,067
State of Utah GO
Series A
4.00%, 07/01/17			510		510,046
5.00%, 07/01/17			1,615		1,615,194
Series C
5.00%, 07/01/17			360		360,043
					3,351,011
VIRGINIA — 4.40%
City of Alexandria VA GO Series A
5.00%, 07/15/17			50		50,089
City of Fairfax VA GO
2.50%, 07/15/17			100		100,071
City of Richmond VA GO Series C
5.00%, 07/15/17	(SAW)		150		150,264
City of Virginia Beach VA GO Series B
5.00%, 07/15/17			175		175,310

173

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
County of Arlington VA GO
Series C
4.00%, 08/15/17		$	100	$	100,405
Series D
5.00%, 08/01/17			200		200,732
County of Henrico VA GO
5.00%, 07/15/17			370		370,651
Loudoun County Economic Development Authority RB Series F
0.90%, 02/15/38	(Call 07/03/17)		1,400		1,400,000
Virginia Beach Development Authority RB Series B
5.00%, 08/01/17			100		100,364
Virginia College Building Authority RB
Series A
5.00%, 09/01/17			240		241,714
Series B
4.25%, 09/01/17			100		100,588
5.00%, 09/01/17			1,135		1,143,104
Virginia Public Building Authority RB
Series A
5.00%, 08/01/17			840		843,066
Series B
5.00%, 08/01/17	(SAP)		150		150,547
Series C
5.00%, 08/01/17			100		100,365
Series D
5.00%, 08/01/17			1,225		1,229,471
Virginia Public School Authority RB
5.00%, 08/01/17	(SAW)		350		351,274
Series A
5.00%, 08/01/17			280		281,019
Series B
5.00%, 08/01/17			350		351,274
5.00%, 08/01/17	(SAW)		150		150,546
5.25%, 08/01/17			615		617,368
Series C
5.00%, 08/01/17	(SAW)		125		125,455
Series 2010C
5.00%, 08/01/17	(SAW)		230		230,837
					8,564,514

Security		Principal (000s)		Value
WASHINGTON — 6.26%
City of Seattle WA Water System Revenue RB Series B
4.00%, 08/01/17		$	150	$	150,416
Energy Northwest RB
Series A
4.00%, 07/01/17	(ETM)		385		385,031
4.50%, 07/01/17	(ETM)		285		285,028
5.00%, 07/01/17			245		245,029
5.00%, 07/01/17	(ETM)		2,495		2,495,299
5.25%, 07/01/17	(ETM) (NPFGC)		275		275,033
Series B
5.00%, 07/01/17	(ETM)		620		620,075
Series C
0.00%, 07/01/17			100		99,997
5.00%, 07/01/17	(ETM)		120		120,014
5.25%, 07/01/17	(ETM) (NPFGC)		140		140,017
Series D
5.00%, 07/01/17	(ETM)		100		100,012
Port of Seattle WA RB
5.50%, 09/01/17	(NPFGC)		150		151,171
Series A
4.00%, 08/01/17			200		200,544
State of Washington COP
5.00%, 07/01/17			195		195,023
Series B
4.50%, 07/01/17			560		560,056
Series D
4.00%, 07/01/17			140		140,013
State of Washington GO
Series 2010-A
5.00%, 08/01/17			125		125,456
Series 2010-C
5.00%, 08/01/17			115		115,420
Series A
5.00%, 07/01/32	(PR 07/01/17)		260		260,031
Series B
5.00%, 07/01/17			100		100,012
5.00%, 07/01/17	(AGM)		200		200,024
Series C
5.50%, 07/01/17			205		205,027

174

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series R-2007-C
5.00%, 07/01/17		$	575	$	575,069
Series R-2011-B
5.00%, 07/01/17			315		315,038
Series R-2011-C
5.00%, 07/01/17			1,045		1,045,125
Series R-2012-A
5.00%, 07/01/17			400		400,048
Series R-2013-A
5.00%, 07/01/17			290		290,035
Series R-C
5.00%, 07/01/17			1,405		1,405,169
State of Washington RB
5.00%, 09/01/17			980		986,909
					12,186,121
WEST VIRGINIA — 0.05%
School Building Authority of West Virginia RB
5.00%, 07/01/17			100		100,012
					100,012
WISCONSIN — 1.43%
State of Wisconsin RB
Series 1
4.00%, 07/01/17			400		400,036
5.00%, 07/01/17			100		100,012
Wisconsin Department of Transportation RB
Series 1
5.00%, 07/01/17			850		850,102
5.00%, 07/01/17	(NPFGC)		195		195,024
Series 2
4.00%, 07/01/17			425		425,038
Series A
5.00%, 07/01/17			75		75,009
WPPI Energy RB
Series 2013-A
4.00%, 07/01/17			310		310,028
Series A
5.00%, 07/01/17	(AGM)		435		435,052
					2,790,301
TOTAL MUNICIPAL BONDS & NOTES (Cost: $196,327,689)					196,354,483

Security	Shares (000s)		Value
SHORT-TERM INVESTMENTS — 0.24%
MONEY MARKET FUNDS — 0.24%
BlackRock Liquidity Funds: MuniCash
0.70%a,b		471	$	470,731
				470,731
TOTAL SHORT-TERM INVESTMENTS (Cost: $470,732)				470,731
TOTAL INVESTMENTS IN SECURITIES — 101.06% (Cost: $196,798,421)c				196,825,214
Other Assets, Less Liabilities — (1.06)%				(2,073,161	)
NET ASSETS — 100.00%			$	194,752,053

COP  —  Certificates of Participation

ETM  —  Escrowed to Maturity

GO  —  General Obligation

GOI  —  General Obligation of the Issuer

GOL  —  General Obligation Limited

GTD  —  Guaranteed by the Commonwealth, County or State

MT  —  Mandatory Tender

PR  —  Prerefunded

PSF  —  Permanent School Fund

RB  —  Revenue Bond

SAP  —  Subject to Appropriations

SAW  —  State Aid Withholding

ST  —  Special Tax

TA  —  Tax Allocation

Insured by:

AGC  —  Assured Guaranty Corp.

AGM  —  Assured Guaranty Municipal Corp.

AGM-CR  —  AGM Insured Custodial Receipts

AMBAC  —  Ambac Assurance Corp.

FGIC  —  Financial Guaranty Insurance Co.

NPFGC  —  National Public Finance Guarantee Corp.

NPFGC-FGIC  —  National Public Finance Guarantee Corp. — Financial Guaranty Insurance Co.

^a  Affiliated money market fund.

^b  The rate quoted is the annualized seven-day yield of the fund at period end.

^c  The cost of investments for federal income tax purposes was $196,798,426. Net unrealized appreciation was $26,788, of which $29,233 represented gross unrealized appreciation on securities and $2,445 represented gross unrealized depreciation on securities.

175

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2017 TERM MUNI BOND ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Municipal bonds & notes	$	—	$	196,354,483	$	—	$	196,354,483
Money market funds		470,731		—		—		470,731
Total	$	470,731	$	196,354,483	$	—	$	196,825,214

176

Schedule of Investments (Unaudited)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
MUNICIPAL BONDS & NOTES — 99.01%
ALABAMA — 0.77%
Alabama Federal Aid Highway Finance Authority RB
5.00%, 09/01/18		$	660	$	690,371
Alabama Public School & College Authority RB
Series A
5.00%, 06/01/18			275		285,194
Series C
5.00%, 09/01/18			215		225,038
State of Alabama GO
Series A
5.00%, 08/01/18			50		52,187
Series C
5.00%, 06/01/18			265		274,866
					1,527,656
ALASKA — 0.39%
Alaska Energy Authority RB
Series Sixth
5.00%, 07/01/18			25		25,977
Borough of North Slope AK GO
Series A
4.00%, 06/30/18			100		102,846
5.50%, 06/30/18			120		125,201
Municipality of Anchorage AK GO
Series B
5.00%, 08/01/18			100		104,274
5.00%, 09/01/18			100		104,585
State of Alaska GO
Series A
4.00%, 08/01/18			245		252,617
5.00%, 08/01/18			50		52,093
					767,593
ARIZONA — 4.41%
Arizona Board of Regents COP
Series C
5.00%, 06/01/18			100		103,596
Arizona State University RB
Series A
4.00%, 07/01/18			90		92,734
Series C
6.00%, 07/01/26	(PR 07/01/18)		1,000		1,048,530

Security		Principal (000s)		Value
Arizona Transportation Board RB
5.00%, 07/01/18		$	260	$	270,564
Series A
5.00%, 07/01/18			125		130,003
City of Chandler AZ GO
3.13%, 07/01/18			30		30,656
City of Chandler AZ RB
4.00%, 07/01/18			100		103,037
City of Mesa AZ GO
5.00%, 07/01/18	(NPFGC)		10		10,399
5.00%, 07/01/18	(ETM) (NPFGC)		35		36,419
City of Mesa AZ Utility System Revenue RB
3.00%, 07/01/18	(AGM)		20		20,402
City of Phoenix AZ GOL
Series C
4.00%, 07/01/18			310		319,635
City of Phoenix Civic Improvement Corp. RB
5.00%, 07/01/18			1,120		1,165,158
5.25%, 07/01/18	(NPFGC)		300		312,936
5.50%, 07/01/18			140		146,342
5.50%, 07/01/18	(NPFGC)		100		104,089
Series A
4.00%, 07/01/18			185		190,619
5.00%, 07/01/18			280		290,945
City of Scottsdale AZ GO
Series 2008A
4.50%, 07/01/18			100		103,555
City of Scottsdale AZ GOL
3.00%, 07/01/18			345		351,938
4.00%, 07/01/18			100		103,057
City of Scottsdale AZ Water & Sewer Revenue RB
5.00%, 07/01/18			50		52,001
City of Tempe AZ GO
Series A
4.00%, 07/01/18			155		159,659
4.25%, 07/01/18			35		36,139
City of Tempe AZ GOL
Series B
4.00%, 07/01/18			120		123,607
City of Tempe AZ RB
5.00%, 07/01/18			175		181,984

177

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
City of Tucson AZ Water System Revenue RB
Series A
5.00%, 07/01/18		$	85	$	88,392
County of Maricopa AZ COP
5.00%, 07/01/18			250		260,005
County of Pima AZ GO
2.00%, 07/01/18			500		505,025
4.00%, 07/01/18	(AGM)		185		190,580
County of Pima AZ RB
4.00%, 07/01/18			215		221,530
County of Pima AZ Sewer System Revenue RB
5.00%, 07/01/18			110		114,447
5.00%, 07/01/18	(AGM)		125		130,054
Series B
5.00%, 07/01/18			75		78,032
Maricopa County Community College District GO
4.00%, 07/01/18			405		417,587
Series C
5.00%, 07/01/18			200		208,208
Series D
3.00%, 07/01/18			45		45,950
Maricopa County High School District No. 210-Phoenix GO
Series A
3.00%, 07/01/18			100		101,970
Maricopa County Unified School District No. 48 Scottsdale GO
5.00%, 07/01/18			375		390,161
Scottsdale Municipal Property Corp. RB
5.00%, 07/01/18			145		150,951
State of Arizona COP
5.00%, 09/01/18			100		104,561
University of Arizona RB
Series B
5.00%, 06/01/18			100		103,707
Yavapai County Community College District GOL
4.00%, 07/01/18			100		102,996
					8,702,160

Security		Principal (000s)		Value
CALIFORNIA — 16.96%
91 Express Lanes Toll Road RB
5.00%, 08/15/18		$	170	$	177,759
Anaheim Union High School District GO
5.00%, 08/01/18			295		308,045
Burbank Unified School District GO
Series B
0.00%, 08/01/18	(NPFGC)		115		113,527
Series C
0.00%, 08/01/18	(NPFGC)		350		345,716
Cabrillo Community College District GO
5.00%, 08/01/18			100		104,434
California State Public Works Board RB
5.00%, 06/01/18			150		155,641
5.00%, 09/01/18	(ETM)		250		262,022
Series A
5.00%, 09/01/18			600		628,446
Series F
4.00%, 09/01/18			20		20,716
5.00%, 09/01/18			275		288,038
Series G
5.00%, 09/01/18			75		78,556
Chaffey Community College District GO
Series A
4.00%, 06/01/18			75		77,144
Chaffey Joint Union High School District GO
5.00%, 08/01/18			100		104,434
City & County of San Francisco CA GO
Series A
5.00%, 06/15/18			130		135,144
City of Cupertino CA COP
2.00%, 07/01/18			250		252,765
City of Los Angeles CA GO
Series B
5.00%, 09/01/18			85		89,030

178

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
City of Los Angeles CA Wastewater System Revenue RB
Series A
4.25%, 06/01/18		$	120	$	123,703
5.00%, 06/01/18			225		233,483
Clovis Unified School District GO Series A
0.00%, 08/01/18	(NPFGC)		150		148,017
County of Sacramento CA Airport System Revenue RB Series D
3.90%, 07/01/18	(AGM)		110		112,996
Desert Sands Unified School District GO
4.00%, 08/01/18			50		51,678
East Bay Municipal Utility District Water System Revenue RB Series B
4.00%, 06/01/18			40		41,139
Eastern Municipal Water District RB Series A
4.00%, 07/01/18			400		412,556
Elsinore Valley Municipal Water District COP
5.38%, 07/01/18	(NPFGC)		200		208,688
Foothill-De Anza Community College District GO
0.00%, 08/01/18	(NPFGC)		55		54,387
Series C
5.25%, 08/01/18	(NPFGC)		70		73,313
Fremont Unified School District/Alameda County CA GO Series B
4.00%, 08/01/18			100		103,355
Grossmont Union High School District GO Series A
5.00%, 08/01/18			100		104,422
Grossmont-Cuyamaca Community College District GO
5.00%, 08/01/18	(AGC)		170		177,424
Huntington Beach Union High School District GO
4.00%, 08/01/18			295		304,897

Security		Principal (000s)		Value
Kern High School District GO
4.00%, 08/01/18		$	150	$	155,033
Las Virgenes Unified School District GO
Series D
0.00%, 09/01/18	(NPFGC)		200		197,250
Livermore-Amador Valley Water Management Agency RB
5.00%, 08/01/18			100		104,331
Long Beach Unified School District GO Series A
5.00%, 08/01/18			70		73,104
Los Altos Elementary School District GO
3.00%, 08/01/18			100		102,229
5.00%, 08/01/18			120		125,303
Los Angeles Community College District/CA GO
Series C
5.00%, 08/01/18			1,000		1,044,760
Series E-1
4.00%, 08/01/18			200		206,796
Series F-1
4.00%, 08/01/18			80		82,718
5.00%, 08/01/21	(PR 08/01/18)		290		302,754
5.00%, 08/01/33	(PR 08/01/18)		205		214,016
Los Angeles County Metropolitan Transportation Authority RB
4.00%, 07/01/18			225		231,993
Series A
5.00%, 07/01/18			740		770,267
Series B
5.00%, 06/01/18			130		134,893
Los Angeles County Public Works Financing Authority RB Series A
5.00%, 08/01/18			290		302,711
Los Angeles Department of Water & Power System Revenue RB
Series A
3.00%, 07/01/18			250		255,356
4.00%, 07/01/18			135		139,238
5.00%, 07/01/18			560		583,156

179

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series B
5.00%, 07/01/18		$	325	$	338,439
Los Angeles Department of Water RB Series B
5.00%, 07/01/18			335		348,715
Los Angeles Unified School District/CA GO
Series A
5.00%, 07/01/18			970		1,009,809
Series A-1
4.00%, 07/01/18			555		572,249
5.50%, 07/01/18	(FGIC)		280		292,886
Series B
5.00%, 07/01/18			200		208,208
Series C
5.00%, 07/01/18			230		239,439
Series D
5.00%, 07/01/18			90		93,694
Series KRY
5.00%, 07/01/18			665		692,292
M-S-R Public Power Agency RB Series L
5.00%, 07/01/18	(AGM)		125		129,976
Metropolitan Water District of Southern California RB
Series A
5.00%, 07/01/18			230		239,464
Series B
4.00%, 07/01/18			75		77,324
Series C
5.00%, 07/01/18			105		109,321
Series E
4.00%, 07/01/18			50		51,559
Mount San Antonio Community College District GO Series A
5.00%, 09/01/18			350		366,663
Municipal Improvement Corp. of Los Angeles RB Series A
4.10%, 09/01/18	(ETM)		100		103,660
New Haven Unified School District GO
5.00%, 08/01/18	(AGC)		75		78,326
5.00%, 08/01/18	(ETM) (AGC)		50		52,234

Security		Principal (000s)		Value
North Orange County Community College District/CA GO Series A
4.00%, 08/01/18		$	175	$	180,871
Northern California Power Agency RB Series A
5.00%, 07/01/18			175		182,021
Pasadena Unified School District GO Series A-1
5.00%, 08/01/18			100		104,422
Riverside County Transportation Commission RB Series A
5.00%, 06/01/18			265		274,975
Sacramento Municipal Utility District RB
Series K
5.75%, 07/01/18	(AMBAC)		215		225,430
Series U
5.00%, 08/15/18	(AGM)		95		99,358
Series X
4.00%, 08/15/18			150		155,205
5.00%, 08/15/18			75		78,440
San Diego Community College District GO
5.00%, 08/01/18			285		297,731
San Diego Public Facilities Financing Authority Water Revenue RB
Series A
5.00%, 08/01/18			150		156,651
5.00%, 08/01/18	(ETM)		150		156,667
San Diego Redevelopment Agency Successor Agency TA Series A
4.00%, 09/01/18			250		259,062
San Diego Unified School District/CA GO
Series A
0.00%, 07/01/18	(NPFGC)		140		138,482
Series B
6.05%, 07/01/18	(NPFGC)		125		131,425
Series R-3
5.00%, 07/01/18			290		301,991

180

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
San Francisco Bay Area Rapid Transit District GO
Series C
3.00%, 08/01/18		$	255	$	260,824
5.00%, 08/01/18			150		156,661
San Francisco Unified School District GO
Series B
5.00%, 06/15/18			100		103,967
Series E
5.00%, 06/15/18			135		140,355
San Jose Evergreen Community College District GO
Series B
5.00%, 09/01/18			50		52,409
5.00%, 09/01/18	(AGM)		100		104,817
San Jose Financing Authority RB Series A
5.00%, 06/01/18			300		311,151
San Juan Unified School District GO
5.00%, 08/01/18			325		339,410
San Mateo County Community College District GO
4.00%, 09/01/18			265		274,553
Series A
0.00%, 09/01/18	(NPFGC)		275		271,628
San Mateo Joint Powers Financing Authority RB
4.00%, 06/15/18			100		102,965
San Mateo Union High School District GO Series A
0.00%, 09/01/18			525		518,563
San Ramon Valley Unified School District/CA GO
4.00%, 08/01/18			150		155,113
Santa Clara Unified School District GO
5.00%, 07/01/18			100		104,104
Santa Monica Community College District GO Series A
4.00%, 08/01/18			100		103,355

Security		Principal (000s)		Value
Simi Valley Unified School District GO
5.00%, 08/01/18		$	250	$	261,085
Southern California Public Power Authority RB
4.00%, 07/01/18			100		103,108
5.00%, 07/01/18			580		603,803
Series A
3.50%, 07/01/18			100		102,610
4.00%, 07/01/18			175		180,439
5.00%, 07/01/18			600		624,624
State of California GO
4.00%, 09/01/18			365		378,071
4.50%, 08/01/18			315		327,219
5.00%, 08/01/18			920		960,655
5.00%, 09/01/18			2,270		2,377,621
Series A
4.40%, 07/01/18	(ETM)		460		476,054
5.00%, 07/01/18	(ETM)		4,105		4,273,469
Series B
5.00%, 09/01/18			1,225		1,283,077
Tahoe-Truckee Unified School District GO
5.50%, 08/01/18	(NPFGC)		75		78,730
West Valley-Mission Community College District GO Series A
4.00%, 08/01/18			250		258,350
William S Hart Union High School District GO Series C
4.00%, 08/01/18			100		103,300
					33,456,462
COLORADO — 0.34%
City & County of Denver CO GO
5.25%, 08/01/18			145		151,750
Series A
5.00%, 08/01/18			145		151,358
Colorado Water Resources & Power Development Authority RB Series A
4.00%, 09/01/18			60		62,127
Regional Transportation District COP Series A
5.00%, 06/01/18			100		103,565

181

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
University of Colorado RB
5.00%, 06/01/18		$	90	$	93,353
Series B-1
5.00%, 06/01/18			100		103,726
					665,879
CONNECTICUT — 2.15%
City of Bristol CT GO
4.00%, 07/15/18			60		61,908
City of Stamford CT GO
2.50%, 08/01/18			250		254,090
5.00%, 08/15/18			100		104,535
Connecticut State Health & Educational Facility Authority RB Series A
1.38%, 07/01/35			1,550		1,554,836
State of Connecticut GO
5.00%, 08/01/18			75		78,026
Series B
5.25%, 06/01/18	(AMBAC)		465		482,326
Series C
5.00%, 06/01/18			170		175,899
5.00%, 06/15/18			250		259,020
State of Connecticut RB Series A
5.00%, 06/01/18			150		155,571
State of Connecticut Special Tax Revenue RB
Series A
3.00%, 09/01/18			150		153,012
4.00%, 09/01/18			275		283,704
Series B
5.00%, 08/01/18			100		104,030
State of Connecticut Special Tax Revenue ST Series B
5.25%, 07/01/18	(AMBAC)		100		103,984
Town of Newton CT GO Series B
5.00%, 07/01/18			100		104,063
Town of Watertown CT GO Series B
5.00%, 07/01/18			150		156,003

Security		Principal (000s)		Value
Town of West Hartford CT GO Series A
5.00%, 07/01/18		$	100	$	104,084
University of Connecticut RB Series A
4.00%, 08/15/18			100		103,190
					4,238,281
DELAWARE — 0.81%
County of New Castle DE GO
Series A
4.00%, 07/15/18			85		87,711
5.00%, 07/15/18			100		104,225
Series B
4.00%, 07/15/18			135		139,306
Delaware Transportation Authority RB
5.00%, 07/01/18			490		509,811
Series A
5.00%, 07/01/18			420		436,981
State of Delaware GO
5.00%, 07/01/18			175		182,128
Series A
3.00%, 07/01/18			75		76,523
5.00%, 08/01/18			50		52,198
					1,588,883
DISTRICT OF COLUMBIA — 0.71%
District of Columbia GO
Series A
5.00%, 06/01/18			555		575,629
Series B
5.25%, 06/01/18	(AMBAC)		415		431,372
Washington Metropolitan Area Transit Authority RB Series A
5.00%, 07/01/18			370		384,845
					1,391,846
FLORIDA — 5.70%
County of Hillsborough FL RB
5.00%, 08/01/18			150		156,578
County of Miami-Dade FL RB
5.25%, 08/01/18	(NPFGC)		50		52,222
County of Miami-Dade FL Transit System RB
5.00%, 07/01/18			145		150,713

182

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series A
5.00%, 07/01/18	(AGC)	$	175	$	181,932
County of Palm Beach FL RB
5.00%, 06/01/18			200		207,434
Florida Department of Environmental Protection RB
Series B
5.00%, 07/01/18			380		395,401
5.25%, 07/01/18			510		531,940
Florida Department of Management Services COP Series A
5.00%, 08/01/18			260		271,258
Florida’s Turnpike Enterprise RB
Series A
4.00%, 07/01/18			235		242,137
5.00%, 07/01/18			925		962,505
Series B
5.00%, 07/01/18			250		260,158
Hillsborough County School Board COP
Series A
5.00%, 07/01/18			405		421,042
5.50%, 07/01/18	(NPFGC)		325		339,488
Lake County School Board COP Series A
5.00%, 06/01/18			100		103,463
Lee County School Board COP
5.00%, 08/01/18			180		187,747
Series B
5.00%, 08/01/18			200		208,608
Miami-Dade County Expressway Authority RB
Series A
5.00%, 07/01/18			135		140,237
Series B
5.00%, 07/01/18			100		103,838
Orange County School Board COP Series A
4.00%, 08/01/18			115		118,710
Palm Beach County School District COP
Series 2012C
5.00%, 08/01/18			335		349,137

Security		Principal (000s)		Value
Series B
5.00%, 08/01/18		$	215	$	224,073
Pasco County School Board COP
5.00%, 08/01/18			100		104,220
Reedy Creek Improvement District GOL Series A
5.00%, 06/01/18			210		217,550
School Board of Miami-Dade County (The) COP Series A
5.00%, 08/01/18	(AMBAC)		400		416,828
School District of Broward County/FL COP Series A
5.00%, 07/01/18			375		389,651
State of Florida GO
Series A
5.00%, 06/01/18			1,315		1,364,128
5.00%, 07/01/18			70		72,844
Series B
4.00%, 06/01/18			120		123,386
5.00%, 06/01/18			755		783,207
5.00%, 07/01/18			305		317,392
Series C
5.00%, 06/01/18			45		46,681
Series D
5.00%, 06/01/18			125		129,670
Series E
5.00%, 06/01/18			350		363,076
State of Florida Lottery Revenue RB
Series A
4.50%, 07/01/18			405		419,317
5.00%, 07/01/18			225		234,072
Series C
5.00%, 07/01/18			135		140,443
Series E
5.00%, 07/01/18			460		478,547
Volusia County School Board COP Series A
5.00%, 08/01/18			35		36,488
					11,246,121

183

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
GEORGIA — 2.49%
County of Cobb GA Water & Sewerage Revenue RB
4.50%, 07/01/18		$	75	$	77,674
Douglasville-Douglas County Water & Sewer Authority RB
5.00%, 06/01/18			40		41,470
Georgia State Road & Tollway Authority RB
Series A
4.00%, 06/01/18			50		51,304
5.00%, 06/01/18			300		310,896
5.00%, 06/01/18	(AGM)		470		487,249
Gwinnett County Water & Sewerage Authority RB
5.00%, 08/01/18	(GTD)		320		334,032
Metropolitan Atlanta Rapid Transit Authority RB
Series A
5.00%, 07/01/18			220		228,895
Series B
4.00%, 07/01/18			135		139,100
State of Georgia GO
Series A
5.00%, 07/01/18			275		286,173
Series B
4.25%, 08/01/18			150		155,365
5.00%, 07/01/18			100		104,063
Series C
5.00%, 07/01/18			600		624,378
Series E
5.00%, 07/01/18			45		46,828
Series E-2
4.00%, 09/01/18			315		326,167
Series I
5.00%, 07/01/18			1,630		1,696,227
					4,909,821
HAWAII — 1.61%
City & County of Honolulu HI GO
Series A
4.00%, 08/01/18			55		56,801
4.00%, 08/01/18	(ETM)		20		20,647

Security		Principal (000s)		Value
Series B
5.00%, 08/01/18		$	150	$	156,577
City & County of Honolulu HI Wastewater System Revenue RB
Series 2009A
5.00%, 07/01/18			185		192,459
Series A
3.00%, 07/01/18			180		183,674
4.00%, 07/01/18			90		92,733
5.00%, 07/01/18			100		104,032
County of Hawaii HI GO Series B
5.00%, 09/01/18			100		104,669
County of Maui HI GO
5.00%, 06/01/18			100		103,717
Series B
5.00%, 06/01/18			50		51,859
Honolulu City & County Board of Water Supply RB Series A
4.00%, 07/01/18			110		113,341
State of Hawaii GO
Series DO
5.00%, 08/01/18			200		208,770
Series DQ
5.00%, 06/01/18	(ETM)		500		518,655
Series DR
5.00%, 06/01/18			360		373,450
Series EH
5.00%, 08/01/18			500		521,925
State of Hawaii State Highway Fund RB Series B
5.25%, 07/01/18	(AGM)		350		365,235
					3,168,544
ILLINOIS — 1.59%
Du Page Cook & Will Counties Community College District No. 502 GO Series A
5.00%, 06/01/18			70		72,510

184

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Metropolitan Pier & Exposition Authority RB
0.00%, 06/15/18	(NPFGC)	$	150	$	146,778
0.00%, 06/15/18	(ETM) (NPFGC-FGIC)		55		54,424
Regional Transportation Authority RB
5.75%, 06/01/18	(AGM)		100		104,241
Series A
5.00%, 07/01/18			50		51,924
Series B
5.50%, 06/01/18	(NPFGC)		160		166,451
State of Illinois GO
0.00%, 08/01/18			455		436,113
4.00%, 07/01/18			360		364,741
5.00%, 08/01/18			265		271,463
First Series
5.50%, 08/01/18	(NPFGC)		135		139,552
State of Illinois RB
3.00%, 06/15/18			250		253,210
5.00%, 06/15/18			315		325,008
Second Series
5.75%, 06/15/18	(NPFGC)		225		234,585
Series B
5.00%, 06/15/18			500		515,885
					3,136,885
INDIANA — 0.30%
Indiana University RB Series 2008A
5.00%, 06/01/18			100		103,736
Purdue University RB
Series Y
5.00%, 07/01/18			350		364,364
Series Z-1
5.00%, 07/01/18			120		124,925
					593,025
IOWA — 0.79%
Cedar Rapids Community School District GO
5.00%, 06/01/18			100		103,615
City of Cedar Rapids IA GO Series A
4.00%, 06/01/18			200		205,544

Security		Principal (000s)		Value
Iowa City Community School District GO Series B
3.00%, 06/01/18		$	135	$	137,539
Iowa Finance Authority RB
4.50%, 08/01/18	(ETM)		80		83,071
5.00%, 08/01/18			710		740,977
5.00%, 08/01/18	(ETM)		65		67,846
Series A
5.00%, 08/01/18			55		57,400
State of Iowa RB
4.00%, 06/15/18			150		154,362
					1,550,354
KANSAS — 0.50%
Douglas County Unified School District No. 497 Lawrence GO Series A
4.00%, 09/01/18			90		93,083
Kansas Turnpike Authority RB Series A
5.00%, 09/01/18			260		272,077
State of Kansas Department of Transportation RB
Series A
5.00%, 09/01/18			100		104,705
Series B-2
5.00%, 09/01/22	(PR 09/01/18)		500		523,305
					993,170
KENTUCKY — 0.22%
Kentucky State Property & Building Commission RB Series A
5.00%, 08/01/18	(SAP)		75		78,165
Kentucky Turnpike Authority RB Series A
5.00%, 07/01/18			350		363,720
					441,885
LOUISIANA — 0.24%
Louisiana State Citizens Property Insurance Corp. RB
5.00%, 06/01/18			100		103,415

185

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
State of Louisiana GO
Series A
5.00%, 08/01/18	(ETM)	$	200	$	208,756
5.00%, 09/01/18	(ETM)		100		104,701
State of Louisiana RB Series A
4.00%, 06/15/18			50		51,420
					468,292
MAINE — 0.22%
Maine Municipal Bond Bank RB Series A
5.00%, 09/01/18			115		120,300
Maine Turnpike Authority RB
5.00%, 07/01/18			50		52,022
5.00%, 07/01/18	(AGM)		255		265,310
					437,632
MARYLAND — 4.42%
City of Frederick MD GO
5.00%, 09/01/18			175		183,276
County of Baltimore MD GO
5.00%, 08/01/18			450		469,732
Series B
4.50%, 09/01/18			100		104,125
County of Frederick MD GO
4.00%, 08/01/18			345		356,333
County of Harford MD GO
5.00%, 07/01/18			200		208,168
County of Howard MD GO
Series A
5.00%, 08/15/18			100		104,535
Series B
5.00%, 08/15/18			390		407,686
County of Montgomery MD GO
Series A
5.00%, 07/01/18			185		192,517
5.00%, 08/01/18			250		260,963
County of Prince George’s MD GOL
4.00%, 07/15/18			25		25,795
Series A
5.00%, 09/01/18			250		261,762
Maryland State Transportation Authority RB
5.00%, 07/01/18			100		104,053

Security	Principal (000s)		Value
Series A
4.00%, 07/01/18	$	385	$	396,769
5.00%, 07/01/18		320		332,970
State of Maryland Department of Transportation RB
4.00%, 09/01/18		200		207,042
5.00%, 06/01/18		500		518,660
State of Maryland GO
First Series
4.00%, 08/15/18		775		801,497
Second Series
5.00%, 07/15/18		420		437,699
5.25%, 08/15/18		155		162,462
Second Series A
3.00%, 08/01/18		230		235,000
Second Series B
5.00%, 08/01/18		200		208,770
Second Series E
5.00%, 08/01/18		125		130,481
Series A
4.00%, 08/01/18		50		51,654
5.00%, 08/01/18		300		313,155
Series B
4.50%, 08/01/18		280		290,769
5.00%, 08/01/18		150		156,578
Washington Suburban Sanitary Commission GO
5.00%, 06/01/18		1,150		1,192,918
Second Series
5.00%, 06/01/18		275		285,263
Series 2009A
4.00%, 06/01/18		210		215,920
Series 2010A
4.00%, 06/01/18		100		102,819
				8,719,371
MASSACHUSETTS — 4.52%
Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue RB Series A
5.00%, 06/15/18		105		109,125

186

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Commonwealth of Massachusetts GO Series A
4.00%, 09/01/18		$	50	$	51,755
Commonwealth of Massachusetts GOL
Series A
3.70%, 08/01/18			100		102,951
5.00%, 08/01/18			220		229,574
Series B
3.00%, 06/01/18			525		534,886
4.00%, 06/01/18			240		246,710
4.00%, 07/01/18			25		25,759
5.00%, 06/01/18			100		103,709
5.00%, 08/01/18			1,225		1,278,312
Series D
5.50%, 08/01/18			500		524,455
5.50%, 08/01/18	(NPFGC-IBC)		100		104,891
Massachusetts Bay Transportation Authority RB
Series A
4.00%, 07/01/18			350		360,913
5.00%, 07/01/24	(PR 07/01/18)		100		104,063
5.25%, 07/01/18			285		297,232
Series B
5.00%, 07/01/18			270		280,916
5.25%, 07/01/18			105		109,507
Series C
5.00%, 07/01/31	(PR 07/01/18)		500		520,265
5.50%, 07/01/18			100		104,541
Series D
5.00%, 07/01/18			120		124,852
Massachusetts Clean Water Trust (The) RB
5.00%, 08/01/18			140		146,139
Series 12B
5.00%, 08/01/18			195		203,551
Series 15A
5.00%, 08/01/18			845		882,053
Massachusetts School Building Authority RB Series B
5.00%, 08/15/18			350		365,873

Security		Principal (000s)		Value
Massachusetts Water Resources Authority RB
Series B
5.00%, 08/01/18		$	200	$	208,860
5.00%, 08/01/23	(PR 08/01/18)		920		960,075
Series C
5.00%, 08/01/18			895		934,648
					8,915,615
MICHIGAN — 0.44%
Michigan Finance Authority RB Series A
5.00%, 07/01/18			670		697,222
Michigan State University RB Series C
5.00%, 08/15/18			170		177,671
					874,893
MINNESOTA — 2.10%
Metropolitan Council GO Series D
5.00%, 09/01/18			25		26,176
State of Minnesota 911 Services Revenue RB
4.00%, 06/01/18	(ETM) (AGC)		155		159,238
State of Minnesota GO
5.00%, 08/01/18			295		307,871
Series A
5.00%, 06/01/18			200		207,428
5.00%, 08/01/18			935		975,893
Series B
4.00%, 08/01/18			100		103,307
5.00%, 08/01/18			1,225		1,278,447
Series D
5.00%, 08/01/18			200		208,770
Series F
4.00%, 08/01/18			365		376,990
University of Minnesota RB
5.00%, 08/01/18			470		490,506
					4,134,626
MISSISSIPPI — 0.01%
Mississippi State University Educational Building Corp. RB Series A
4.00%, 08/01/18			25		25,797
					25,797

187

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
MISSOURI — 0.11%
Missouri State Environmental Improvement & Energy Resources Authority RB
5.00%, 07/01/18		$	75	$	78,047
Series A
5.00%, 07/01/18			125		130,079
					208,126
MONTANA — 0.08%
Montana Department of Transportation RB
5.00%, 06/01/18			150		155,435
					155,435
NEBRASKA — 0.05%
Douglas County School District No. 17/NE GO
4.00%, 06/15/18			100		102,917
					102,917
NEVADA — 2.81%
Clark County School District GOL
Series A
5.00%, 06/15/18			885		918,541
Series D
5.00%, 06/15/18			750		778,425
Clark County Water Reclamation District GOL
5.25%, 07/01/19	(PR 07/01/18)		290		302,505
County of Clark Department of Aviation RB
Series A
5.25%, 07/01/18			135		140,613
Series B
5.00%, 07/01/18			670		696,740
Series D
3.60%, 07/01/18			120		123,154
5.00%, 07/01/18			280		291,262
County of Clark NV GOL
5.00%, 06/01/18			275		284,889
County of Clark NV RB
4.00%, 07/01/18			350		360,629
Series B
4.00%, 07/01/18			75		77,247

Security		Principal (000s)		Value
Las Vegas Valley Water District GOL
Series B
5.00%, 06/01/18		$	100	$	103,679
Series C
5.00%, 06/01/18			165		171,070
Nevada System of Higher Education RB Series B
5.00%, 07/01/18			520		540,327
State of Nevada GOL
5.00%, 06/01/18			25		25,924
5.00%, 08/01/18			190		198,248
Series C
5.00%, 06/01/18			360		373,313
State of Nevada Highway Improvement Revenue RB
4.25%, 12/01/20	(PR 06/01/18)		100		103,008
Washoe County School District/NV GOL Series F
5.00%, 06/01/18			50		51,839
					5,541,413
NEW HAMPSHIRE — 0.72%
New Hampshire Municipal Bond Bank RB Series C
5.50%, 08/15/18			165		173,423
New Hampshire State Turnpike System RB Series C
5.00%, 08/01/18			200		208,440
State of New Hampshire GO
Series A
5.00%, 07/01/18			160		166,419
Series B
4.00%, 06/01/18			300		308,316
5.00%, 06/01/18			100		103,685
State of New Hampshire RB
5.00%, 09/01/18			445		464,923
					1,425,206
NEW JERSEY — 1.83%
County of Middlesex NJ GO Series A
3.00%, 06/01/18			100		101,887

188

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
New Jersey Building Authority RB
Series A
5.00%, 06/15/18		$	135	$	138,780
5.00%, 06/15/18	(ETM)		15		15,577
New Jersey Economic Development Authority RB
5.00%, 06/15/18			250		257,950
5.00%, 09/01/18			200		206,722
5.00%, 09/01/18	(ETM)		315		329,455
Series A
0.00%, 07/01/18	(NPFGC)		55		54,166
Series PP
5.00%, 06/15/18			75		77,100
5.00%, 06/15/18	(ETM)		25		25,962
New Jersey Educational Facilities Authority RB
5.00%, 06/01/18	(SAP)		260		266,999
Series J
5.00%, 07/01/18			50		52,032
Series K
4.25%, 07/01/18			260		268,622
New Jersey Environmental Infrastructure Trust RB Series A
4.00%, 09/01/18	(GTD)		300		310,635
New Jersey Transportation Trust Fund Authority RB
Series A
5.00%, 06/15/18			400		411,256
5.75%, 06/15/18			50		51,761
Series AA
4.00%, 06/15/18			65		66,215
Series B
5.00%, 06/15/18			75		77,110
State of New Jersey GO
5.00%, 06/01/18			170		175,805
Series H
5.25%, 07/01/18			175		181,935
Series K
5.13%, 07/15/18			50		51,991
Series L
5.25%, 07/15/18	(AMBAC)		50		52,055
Series M
5.50%, 07/15/18	(AMBAC)		360		375,725
Series Q
5.00%, 08/15/18			50		52,072
					3,601,812

Security		Principal (000s)		Value
NEW MEXICO — 1.29%
Albuquerque Municipal School District No. 12 GO Series A
3.00%, 08/01/18	(SAW)	$	100	$	102,185
City of Albuquerque NM GO Series A
4.00%, 07/01/18			50		51,473
City of Santa Fe NM RB
Series A
4.00%, 06/01/18			60		61,671
5.00%, 06/01/18			125		129,622
County of Santa Fe NM GO
4.00%, 07/01/18			100		103,057
Series A
3.00%, 07/01/18			75		76,546
New Mexico Finance Authority RB
5.00%, 06/15/18			300		311,721
Series A
4.00%, 06/01/18			60		61,693
Series E
4.00%, 06/01/18			280		287,902
Santa Fe Public School District GO
4.00%, 08/01/18	(SAW)		150		154,894
State of New Mexico Severance Tax Permanent Fund RB
Series A
5.00%, 07/01/18			970		1,009,314
Series B
5.00%, 07/01/18			190		197,467
					2,547,545
NEW YORK — 8.07%
City of New York NY GO
Series 1
4.00%, 08/01/18			100		103,197
5.00%, 08/01/18			445		464,019
Series A
3.00%, 08/01/18			125		127,650
5.00%, 08/01/18			575		599,576
Series B
4.00%, 08/01/18			275		283,792
5.00%, 08/01/18			1,310		1,365,990

189

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series C
4.00%, 08/01/18		$	505	$	521,144
5.00%, 08/01/18			875		912,398
5.25%, 08/01/18			70		73,180
Series D
5.00%, 08/01/18			45		46,923
Series E
0.00%, 08/01/18			50		49,423
4.00%, 08/01/18			380		392,149
5.00%, 08/01/18			725		755,986
Series F
5.00%, 08/01/18			70		72,992
Series G
5.00%, 08/01/18			665		693,422
Series I
5.00%, 08/01/18			805		839,406
Series I-1
5.00%, 08/01/18			550		573,507
Series J
5.00%, 08/01/18			50		52,137
Series J-1
4.00%, 08/01/18			100		103,197
Series K
5.00%, 08/01/18			250		260,685
County of Onondaga NY GO Series A
5.00%, 06/15/18			125		129,798
County of Orange NY GO Series A
5.00%, 07/15/18			25		25,995
County of Westchester NY GO Series B
5.00%, 07/01/18			100		104,084
County of Westchester NY GOL Series B
4.00%, 07/01/18			20		20,618
Metropolitan Transportation Authority RB Series A
5.75%, 07/01/18	(SAP)		150		157,262
New York City Transitional Finance Authority Building Aid Revenue RB
Series S-1
3.00%, 07/15/18	(SAW)		100		102,082
5.00%, 07/15/18	(SAW)		755		786,332

Security		Principal (000s)		Value
Series S-2
4.90%, 07/15/18	(SAW)	$	25	$	26,012
New York City Transitional Finance Authority Future Tax Secured Revenue RB
5.00%, 08/01/18			670		699,158
Series A-3
5.00%, 08/01/18	(ETM)		145		151,412
New York City Water & Sewer System RB
Series AA
5.00%, 06/15/18	(ETM)		60		62,354
Series BB
4.00%, 06/15/18			100		102,945
Series C
5.25%, 06/15/18	(ETM)		115		119,786
Series D
0.00%, 06/15/18			60		59,431
Series FF
5.00%, 06/15/18			215		223,400
Series FF-1
3.25%, 06/15/18			100		102,231
4.00%, 06/15/18			100		102,945
5.00%, 06/15/18			150		155,861
New York City Water & Sewer System RB BAB Series EE
5.00%, 06/15/18	(ETM)		100		103,924
New York State Dormitory Authority RB
5.00%, 07/01/18			320		333,069
Series A
4.00%, 07/01/18			515		530,383
4.00%, 07/01/18	(ETM)		150		154,494
4.50%, 07/01/18			100		103,463
5.00%, 07/01/18			630		655,232
5.50%, 07/01/18	(NPFGC)		140		146,314
Series D
5.00%, 06/15/18			470		488,499
Series E
5.00%, 08/15/18			125		130,741
New York State Environmental Facilities Corp. RB
5.00%, 06/15/18			470		488,499

190

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series A
5.00%, 06/15/18		$	410	$	426,138
Series B
5.00%, 06/15/18			355		368,973
5.00%, 08/15/18			90		94,134
Port Authority of New York & New Jersey RB
5.00%, 07/15/18			355		369,846
5.00%, 09/01/18			100		104,669
					15,920,857
NORTH CAROLINA — 2.68%
Cape Fear Public Utility Authority RB
5.00%, 08/01/18	(ETM)		115		120,060
City of Charlotte NC Airport Revenue RB Series A
5.00%, 07/01/18			25		26,006
City of Charlotte NC GO
Series A
5.00%, 07/01/18			105		109,266
Series C
5.00%, 06/01/18			575		596,459
City of Charlotte NC Water & Sewer System Revenue RB
5.00%, 07/01/18			285		296,580
Series B
5.00%, 07/01/18			160		166,501
City of Durham NC GO
4.00%, 09/01/18			390		403,825
City of Greensboro NC Combined Water & Sewer System Revenue RB
5.25%, 06/01/18			110		114,326
County of Buncombe NC RB
5.00%, 06/01/18			100		103,707
Series A
5.00%, 06/01/18			300		311,121
County of Forsyth NC GO
5.00%, 07/01/18			205		213,329
County of Guilford NC GO
Series A
5.00%, 08/01/18			190		198,331
Series D
4.00%, 08/01/18			200		206,614

Security	Principal (000s)		Value
County of Mecklenburg NC GO
Series A
3.00%, 08/01/18	$	175	$	178,805
4.00%, 08/01/18		100		103,307
5.00%, 08/01/18		25		26,096
State of North Carolina GO
Series B
5.00%, 06/01/18		1,600		1,659,712
Series D
3.00%, 06/01/18		350		356,671
Town of Cary NC GO Series A
5.00%, 06/01/18		100		103,732
				5,294,448
OHIO — 2.27%
City of Columbus OH GO
Series 1
5.00%, 07/01/18		950		988,598
Series A
4.00%, 06/01/18		300		308,430
5.00%, 07/01/18		100		104,053
5.00%, 08/15/18		150		156,802
Miami University/Oxford OH RB
5.00%, 09/01/18		165		172,644
Ohio State University (The) RB Series A
5.00%, 06/01/18		50		51,868
Ohio State Water Development Authority RB Series B
5.00%, 06/01/18		100		103,783
Ohio Water Development Authority RB
4.00%, 06/01/18		100		102,794
Ohio Water Development Authority Water Pollution Control Loan Fund RB
Series A
5.00%, 06/01/18		100		103,773
Series B
5.00%, 06/01/18		140		145,282
State of Ohio Department of Administration COP
5.00%, 09/01/18		125		130,716

191

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series S
4.00%, 09/01/18		$	225	$	232,654
State of Ohio GO
Series A
3.00%, 08/01/18			100		102,207
4.00%, 08/01/18			400		413,140
4.63%, 09/01/18			560		583,778
Series B
5.00%, 08/01/18			50		52,182
5.00%, 09/01/18			145		151,787
Series C
3.00%, 08/01/18			50		51,104
4.00%, 08/01/18			315		325,348
State of Ohio RB
Series 2008-1
5.25%, 06/15/18			50		52,049
5.75%, 06/15/18			135		141,174
					4,474,166
OKLAHOMA — 0.76%
County of Oklahoma OK GOL Series A
3.75%, 08/01/18			50		51,464
Grand River Dam Authority RB
Series A
3.00%, 06/01/18			100		101,853
5.00%, 06/01/18	(ETM) (BHAC)		200		207,406
Oklahoma Capital Improvement Authority RB
Series A
4.00%, 07/01/18			220		226,479
5.00%, 07/01/18			415		431,376
Series B
5.00%, 07/01/18			165		171,468
Series C
4.00%, 07/01/18			200		205,850
Oklahoma Department of Transportation RB
5.00%, 09/01/18			25		26,097
State of Oklahoma GO Series A
5.00%, 07/15/18			75		78,169
					1,500,162

Security		Principal (000s)		Value
OREGON — 1.97%
City of Eugene OR Electric Utility System Revenue RB
5.00%, 08/01/18	(ETM)	$	200	$	208,723
City of Portland OR Sewer System Revenue RB
Series A
5.00%, 06/15/18	(ETM)		2,440		2,535,843
5.00%, 08/01/18			265		276,620
Clackamas County School District No. 12 North Clackamas GO
5.00%, 06/15/18	(AGM, GTD)		50		51,929
County of Multnomah OR GOL
3.00%, 08/01/18			160		163,514
Portland Community College District GO
5.00%, 06/15/18			100		103,889
State of Oregon GO Series A
4.00%, 08/01/18			430		444,315
Washington Clackamas & Yamhill Counties School District No. 88J GO
5.25%, 06/15/18	(AGM, GTD)		100		104,127
					3,888,960
PENNSYLVANIA — 2.60%
City of Philadelphia PA Water & Wastewater Revenue RB Series A
5.00%, 06/15/18			100		103,713
Commonwealth of Pennsylvania GO
First Series
5.00%, 06/01/18			375		388,620
5.00%, 06/15/18			50		51,891
5.00%, 07/01/18			475		493,762
Second Series
5.00%, 07/01/18			250		259,875
Series A
5.00%, 07/15/18			150		156,145
Third Series
5.38%, 07/01/18	(AGM)		640		667,802
County of Bucks PA GO
5.00%, 06/01/18			120		124,501

192

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
County of Erie PA GO Series C
3.00%, 09/01/18		$	100	$	102,138
Delaware County Authority RB
4.00%, 08/01/18			100		103,144
Delaware River Joint Toll Bridge Commission RB Series A
5.50%, 07/01/18	(NPFGC)		75		78,367
Pennsylvania Economic Development Financing Authority RB Series A
5.00%, 07/01/18			1,725		1,795,087
Pennsylvania Higher Educational Facilities Authority RB Series AN
5.00%, 06/15/18			100		103,790
Pennsylvania Intergovernmental Cooperation Authority ST
5.00%, 06/15/18			305		316,770
Pennsylvania Turnpike Commission RB
Series A
5.00%, 06/01/18	(AGC)		50		51,769
5.25%, 07/15/18	(AGM)		75		78,202
Series C
5.38%, 06/01/18	(AGC)		150		155,820
Southeastern Pennsylvania Transportation Authority RB
5.00%, 06/01/18			100		103,596
					5,134,992
RHODE ISLAND — 0.07%
Rhode Island Health & Educational Building Corp. RB
4.00%, 09/01/18			125		129,386
					129,386
SOUTH CAROLINA — 0.14%
South Carolina State Ports Authority RB
5.00%, 07/01/18			100		103,909
State of South Carolina GO Series A
5.00%, 06/01/18			170		176,344
					280,253

Security	Principal (000s)		Value
SOUTH DAKOTA — 0.05%
South Dakota Conservancy District RB Series 2012B
4.00%, 08/01/18	$	100	$	103,307
				103,307
TENNESSEE — 0.90%
Metropolitan Government of Nashville & Davidson County TN GO
4.50%, 07/01/18		250		258,838
5.00%, 07/01/18		440		457,877
Series D
4.00%, 07/01/18		255		262,744
5.00%, 07/01/18		105		109,266
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue RB
5.00%, 07/01/18		175		181,860
State of Tennessee GO
Series A
4.00%, 09/01/18		125		129,446
5.00%, 08/01/18		195		203,572
Series B
4.00%, 08/01/18		165		170,475
				1,774,078
TEXAS — 5.95%
Austin Community College District GOL
5.00%, 08/01/18		195		203,313
Austin Independent School District GO Series B
5.00%, 08/01/18		120		125,316
City of Arlington TX GOL Series A
4.00%, 08/15/18		100		103,384
City of Austin TX GOL
4.00%, 09/01/18		160		165,749
City of Corpus Christi TX Utility System Revenue RB
5.00%, 07/15/18		50		52,028

193

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
City of Houston TX Airport System Revenue RB Series A
5.00%, 07/01/18		$	85	$	88,323
City of Plano TX GOL Series 2011
4.00%, 09/01/18			150		155,193
City of San Antonio TX GOL
4.50%, 08/01/18			70		72,692
5.00%, 08/01/18			100		104,385
College Station Independent School District GO
4.00%, 08/15/18	(PSF)		50		51,681
Coppell Independent School District GO Series B
0.00%, 08/15/18			145		143,186
County of Bexar TX GOL Series A
5.00%, 06/15/18			150		155,760
County of Harris TX GO Series C
5.25%, 08/15/18	(AGM)		150		157,312
County of Harris TX RB Series C
5.00%, 08/15/18			180		188,039
County of Tarrant TX GOL
5.00%, 07/15/18			85		88,582
Dallas Independent School District GO
5.00%, 08/15/18	(PSF)		100		104,477
Dallas Independent School District GOL
1.50%, 02/15/34	(MT 08/15/18)		150		150,347
DeSoto Independent School District GO
4.00%, 08/15/18	(PSF)		140		144,705
El Paso Independent School District GO
4.00%, 08/15/18	(PSF)		150		155,042
Fort Bend Independent School District GO
5.00%, 08/15/18	(PSF)		285		297,759

Security		Principal (000s)		Value
Frisco Independent School District GO Series B
5.00%, 08/15/18	(PSF)	$	100	$	104,477
Grapevine-Colleyville Independent School District GO Series B
5.00%, 08/15/18			150		156,715
Hays Consolidated Independent School District GO
5.00%, 08/15/18	(PSF)		120		125,372
Keller Independent School District/TX GO
4.00%, 08/15/18	(PSF)		275		284,449
Series A
0.00%, 08/15/18	(PSF)		25		24,661
Klein Independent School District GO Series A
5.00%, 08/01/18	(PSF)		395		412,103
Laredo Community College District GOL
5.00%, 08/01/18			100		104,220
Leander Independent School District GO
5.25%, 08/15/18	(PSF)		100		104,756
Series 2010
0.00%, 08/15/18	(PSF)		300		295,932
Series B
0.00%, 08/15/18			170		167,873
Lewisville Independent School District GO
5.00%, 08/15/18			100		104,466
Series A
4.00%, 08/15/18	(PSF)		235		242,898
Series B
4.00%, 08/15/18			225		232,537
Lone Star College System GOL Series A
5.00%, 08/15/18			190		198,485
Mesquite Independent School District GO Series A
5.00%, 08/15/18	(PSF)		50		52,239

194

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
North East Independent School District/TX GO Series A
5.00%, 08/01/18	(PSF)	$	400	$	417,320
North Texas Municipal Water District RB
4.00%, 06/01/18			225		231,286
5.00%, 06/01/18			25		25,911
North Texas Municipal Water District Water System Revenue RB
4.00%, 09/01/18			575		595,177
Northside Independent School District GO
4.00%, 08/15/18	(PSF)		60		62,017
Permanent University Fund – Texas A&M University System RB
5.00%, 07/01/18			150		156,065
Permanent University Fund – University of Texas System RB Series A
5.00%, 07/01/18			150		156,079
Pleasanton Independent School District GO
5.00%, 08/15/18			130		135,820
Round Rock Independent School District GO
4.50%, 08/01/18			300		311,373
5.00%, 08/01/18			90		93,897
South San Antonio Independent School District/TX GO
4.25%, 08/15/18	(PSF)		225		233,190
Spring Independent School District GO
3.50%, 08/15/18	(PSF)		100		102,804
State of Texas GO
4.00%, 08/01/18			145		149,747
Series B
3.00%, 08/01/18			150		153,294
5.00%, 08/01/18			120		125,222
Series B-1
5.00%, 08/01/18			55		57,437
Series C
4.00%, 08/01/18			215		222,039
5.00%, 08/01/18			75		78,264

Security		Principal (000s)		Value
Series C-1
5.00%, 08/01/18		$	100	$	104,430
Series F
5.00%, 08/01/18			75		78,323
Tarrant Regional Water District RB
6.00%, 09/01/18			190		201,052
Texas Tech University RB Series A
5.00%, 08/15/18			200		208,954
Texas Water Development Board RB Subseries A-1
4.00%, 07/15/18			260		268,185
Trinity River Authority Central Regional Wastewater System Revenue RB
5.00%, 08/01/18			260		271,344
United Independent School District/TX GO
5.00%, 08/15/18	(PSF)		100		104,477
University of Texas System (The) RB
Series A
5.00%, 08/15/18			500		522,560
Series B
4.00%, 08/15/18			535		553,169
5.25%, 08/15/18			280		293,415
Series C
5.00%, 08/15/18			370		386,694
Series E
3.00%, 08/15/18			120		122,736
					11,740,737
UTAH — 2.13%
County of Salt Lake UT RB Series A
5.00%, 08/15/18			700		731,745
Granite School District Board of Education GO
5.00%, 06/01/18	(GTD)		65		67,402
Intermountain Power Agency RB
Series A
4.00%, 07/01/18			310		319,129
5.00%, 07/01/18			440		457,336

195

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
State of Utah GO
Series A
4.00%, 07/01/23	(PR 07/01/18)	$	55	$	56,648
5.00%, 07/01/20	(PR 07/01/18)		300		312,189
5.00%, 01/01/24	(PR 07/01/18)		150		156,094
Series C
3.00%, 07/01/18			60		61,219
5.00%, 07/01/18			1,360		1,415,393
University of Utah (The) RB Series A-1
4.00%, 08/01/18			125		129,065
Utah Transit Authority RB
Series A
5.00%, 06/15/18	(ETM) (AGM)		205		212,987
5.00%, 06/15/25	(PR 06/15/18)		270		280,414
					4,199,621
VERMONT — 0.20%
State of Vermont GO
Series B
5.00%, 08/15/18			250		261,395
Series D
4.00%, 08/15/18			130		134,475
					395,870
VIRGINIA — 4.28%
City of Alexandria VA GO
5.00%, 06/15/18	(SAW)		100		103,888
5.00%, 07/15/18			5		5,211
City of Chesapeake VA GO Series A
5.00%, 08/01/18			660		688,796
City of Newport News VA GO
Series B
5.00%, 07/01/18			55		57,235
Series C
5.00%, 09/01/18	(SAW)		100		104,705
City of Richmond VA GO Series B
5.00%, 07/15/18			150		156,289
City of Virginia Beach VA GO Series B
5.00%, 07/15/18			245		255,324

Security		Principal (000s)		Value
Commonwealth of Virginia GO
Series B
4.00%, 06/01/18	(SAW)	$	250	$	257,052
5.00%, 06/01/18			300		311,202
County of Arlington VA GO Series B
4.00%, 08/15/18			100		103,419
County of Fairfax VA Sewer Revenue RB
5.00%, 07/15/18			125		130,268
County of Henrico VA GO
4.00%, 07/15/18			125		128,949
Series A
5.00%, 08/01/18			100		104,363
County of Loudoun VA GO Series A
5.00%, 07/01/18			200		208,126
University of Virginia RB
5.00%, 09/01/18			125		130,911
Virginia Beach Development Authority RB Series B
5.00%, 08/01/18			135		140,920
Virginia College Building Authority RB
4.00%, 09/01/18			100		103,521
5.00%, 09/01/18	(SAW)		300		314,043
5.00%, 09/01/21	(PR 09/01/18)		1,050		1,099,528
Series A
5.00%, 09/01/18			250		261,702
Series B
5.00%, 09/01/18			500		523,405
Virginia Public Building Authority RB
Series B
4.13%, 08/01/18			100		103,420
5.00%, 08/01/18			100		104,363
5.00%, 08/01/18	(SAP)		230		240,035
Series B-1
5.00%, 08/01/18			100		104,363
Series C
5.00%, 08/01/18			1,000		1,043,630
Virginia Public School Authority RB
5.00%, 07/15/18	(SAW)		75		78,145
Series B
5.00%, 08/01/18			205		213,922
5.00%, 08/01/18	(SAW)		400		417,408

196

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series C
4.00%, 08/01/18	(SAW)	$	285	$	294,331
5.00%, 08/01/18	(SAW)		625		652,200
					8,440,674
WASHINGTON — 6.34%
City of Seattle WA Municipal Light & Power Revenue RB Series A
5.00%, 06/01/18			195		202,248
City of Seattle WA Water System Revenue RB Series B
4.00%, 08/01/18			290		299,399
Clark County School District No. 114 Evergreen GO
4.00%, 06/01/18	(GTD)		250		256,892
County of King WA GOL
5.00%, 06/01/18			100		103,736
County of Pierce WA RB
5.00%, 08/01/18			125		130,440
Energy Northwest RB
4.00%, 07/01/18			250		257,618
5.00%, 07/01/18			405		421,374
Series A
5.00%, 07/01/18			3,425		3,563,473
5.25%, 07/01/18			860		896,911
Series C
5.00%, 07/01/18			100		104,043
Port of Seattle WA Series A
4.00%, 08/01/18			65		67,090
Port of Seattle WA GOL
5.00%, 06/01/18			300		311,349
Port of Seattle WA RB
5.00%, 06/01/18			260		269,508
Series A
5.00%, 08/01/18			70		73,004
State of Washington COP
Series A
5.00%, 07/01/18			125		130,003
Series F
4.00%, 07/01/18			195		200,743
State of Washington GO
Series 2010-A
5.00%, 08/01/18			115		120,043

Security		Principal (000s)		Value
Series 2010-C
5.00%, 08/01/18		$	170	$	177,455
Series 2013-A
5.00%, 08/01/18			515		537,583
Series A
5.00%, 07/01/18			320		333,001
5.00%, 08/01/18			940		981,219
Series B
5.00%, 07/01/18			350		364,220
5.00%, 08/01/18			270		281,839
Series B-2
5.00%, 08/01/18			145		151,358
Series C
5.00%, 06/01/18			100		103,736
5.50%, 07/01/18			280		292,771
Series D
5.00%, 07/01/18			300		312,189
Series R-2011-C
5.00%, 07/01/18			240		249,751
Series R-2013-C
5.00%, 07/01/18			500		520,315
Series R-2015
5.00%, 07/01/18			100		104,063
Series R-2015-C
4.00%, 07/01/18			85		87,607
State of Washington RB Series C
5.00%, 09/01/18			505		528,397
University of Washington RB Series C
5.00%, 07/01/18			65		67,668
					12,501,046
WEST VIRGINIA — 0.10%
State of West Virginia GO Series A
5.00%, 06/01/18			200		207,434
					207,434
WISCONSIN — 1.92%
State of Wisconsin Clean Water Fund Leveraged Loan Portfolio RB
Series 1
5.00%, 06/01/18	(ETM)		150		155,568
Series 2
5.00%, 06/01/18	(ETM)		480		497,818

197

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Security		Principal or Shares (000s)		Value
Series 5
5.00%, 06/01/18	(ETM)	$	100	$	103,712
State of Wisconsin Environmental Improvement Fund Revenue RB Series A
5.00%, 06/01/18			300		311,319
State of Wisconsin RB Series 1
4.00%, 07/01/18			865		891,270
Wisconsin Department of Transportation RB
Series 1
5.00%, 07/01/18			1,015		1,056,239
Series 2
4.00%, 07/01/18			250		257,668
WPPI Energy RB Series A
5.00%, 07/01/18	(AGM)		505		524,740
					3,798,334
TOTAL MUNICIPAL BONDS & NOTES
(Cost: $195,214,927)					195,321,570
SHORT-TERM INVESTMENTS — 0.07%
MONEY MARKET FUNDS — 0.07%
BlackRock Liquidity Funds: MuniCash
0.70%a,b			127		127,381
					127,381
TOTAL SHORT-TERM INVESTMENTS (Cost: $127,365)					127,381
TOTAL INVESTMENTS IN SECURITIES — 99.08% (Cost: $195,342,292)c					195,448,951
Other Assets, Less Liabilities — 0.92%					1,817,697
NET ASSETS — 100.00%				$	197,266,648

BAB  —  Build America Bond

COP  —  Certificates of Participation

ETM  —  Escrowed to Maturity

GO  —  General Obligation

GOL  —  General Obligation Limited

GTD  —  Guaranteed by the Commonwealth, County or State

MT  —  Mandatory Tender

PR  —  Prerefunded

PSF  —  Permanent School Fund

RB  —  Revenue Bond

SAP  —  Subject to Appropriations

SAW  —  State Aid Withholding

ST  —  Special Tax

TA  —  Tax Allocation

Insured by:

AGC  —  Assured Guaranty Corp.

AGM  —  Assured Guaranty Municipal Corp.

AMBAC  —  Ambac Assurance Corp.

BHAC  —  Berkshire Hathaway Assurance Corp.

FGIC  —  Financial Guaranty Insurance Co.

NPFGC  —  National Public Finance Guarantee Corp.

NPFGC-FGIC  —  National Public Finance Guarantee Corp. — Financial Guaranty Insurance Co.

NPFGC-IBC  —  National Public Finance Guarantee Corp. — Insured Bond Certificates

^a  Affiliated money market fund.

^b  The rate quoted is the annualized seven-day yield of the fund at period end.

^c  The cost of investments for federal income tax purposes was $195,345,155. Net unrealized appreciation was $103,796, of which $197,254 represented gross unrealized appreciation on securities and $93,458 represented gross unrealized depreciation on securities.

198

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2018 TERM MUNI BOND ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Municipal bonds & notes	$	—	$	195,321,570	$	—	$	195,321,570
Money market funds		127,381		—		—		127,381
Total	$	127,381	$	195,321,570	$	—	$	195,448,951

199

Schedule of Investments (Unaudited)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
MUNICIPAL BONDS & NOTES — 98.92%
ALABAMA — 0.90%
Alabama Drinking Water Finance Authority RB
Series A
3.00%, 08/15/19		$	235	$	244,339
Alabama Federal Aid Highway Finance Authority RB
5.00%, 09/01/19			545		589,123
Alabama Public School & College Authority RB Series C
5.00%, 09/01/19			195		211,226
City of Huntsville AL GO Series A
5.00%, 09/01/19			185		200,283
State of Alabama GO
Series A
4.00%, 06/01/19			175		184,641
5.00%, 08/01/19			125		134,954
Series C
5.00%, 06/01/19			105		112,773
Series D
4.25%, 06/01/19	(ETM)		75		79,474
					1,756,813
ALASKA — 0.22%
Borough of North Slope AK GO
Series A
4.00%, 06/30/19			115		121,181
5.00%, 06/30/19			10		10,734
Municipality of Anchorage AK GO Series B
5.00%, 09/01/19	(NPFGC)		20		21,572
State of Alaska GO
Series A
4.00%, 08/01/19			250		264,120
Series B
5.00%, 08/01/19			20		21,540
					439,147
ARIZONA — 3.68%
Arizona Board of Regents COP
Series B
5.00%, 06/01/19			150		160,442

Security		Principal (000s)		Value
Series C
5.00%, 06/01/19		$	105	$	112,309
Arizona Department of Transportation State Highway Fund Revenue RB Series A
5.00%, 07/01/19			140		150,902
Arizona School Facilities Board COP
Series A
5.00%, 09/01/19			200		215,834
Series A-3
5.00%, 09/01/19	(AGM)		150		161,875
Arizona Transportation Board RB
4.25%, 07/01/19			75		79,729
5.00%, 07/01/19			805		867,686
City of Flagstaff AZ GOL Series B
4.00%, 07/01/19			55		58,139
City of Phoenix AZ GO
3.00%, 07/01/19			75		77,876
City of Phoenix Civic Improvement Corp. RB
3.00%, 07/01/19			50		51,897
4.00%, 07/01/19			130		137,474
5.00%, 07/01/19			595		641,054
Series A
4.00%, 07/01/19			430		453,639
5.00%, 07/01/19			830		892,941
Series B
3.50%, 07/01/19			75		78,587
City of Scottsdale AZ GOL
3.00%, 07/01/19			100		103,693
City of Tempe AZ GOL Series B
4.00%, 07/01/19			135		142,679
City of Tucson AZ Water System Revenue RB
5.00%, 07/01/19			40		43,007
County of Pima AZ RB
4.00%, 07/01/19			25		26,437
County of Pima AZ Sewer System Revenue RB
5.00%, 07/01/19	(AGM)		70		75,422
Series B
5.00%, 07/01/19			290		312,463

200

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Maricopa County Community College District GO
Series C
5.00%, 07/01/19		$	60	$	64,672
Series D
4.00%, 07/01/19			425		449,697
Maricopa County High School District No. 210-Phoenix GO
5.25%, 07/01/19	(AGM)		130		140,604
Series E
5.00%, 07/01/19			50		53,780
Maricopa County High School District No. 210-Phoenix GOL
3.00%, 07/01/19			75		77,709
Maricopa County Unified School District No. 4 Mesa GOL
4.00%, 07/01/19			115		121,471
Maricopa County Unified School District No. 69 Paradise Valley GO Series D
3.50%, 07/01/19			70		73,262
Maricopa County Unified School District No. 80 Chandler GOL
4.00%, 07/01/19			105		111,036
Pima County Regional Transportation Authority RB
5.00%, 06/01/19			250		268,532
Scottsdale Municipal Property Corp. RB
5.00%, 07/01/19			285		307,430
Scottsdale Preserve Authority RB
5.00%, 07/01/19			305		328,247
State of Arizona COP
4.00%, 09/01/19			100		105,785
State of Arizona Lottery Revenue RB Series A
5.00%, 07/01/19	(AGM)		55		59,158
University of Arizona RB
5.00%, 08/01/19			115		124,103
Series B
5.00%, 06/01/19			85		91,301
					7,220,872
CALIFORNIA — 17.29%
91 Express Lanes Toll Road RB
5.00%, 08/15/19			270		292,291

Security		Principal (000s)		Value
Anaheim Public Financing Authority RB
0.00%, 09/01/19	(AGM)	$	50	$	48,221
Benicia Unified School District GO
4.00%, 08/01/19			65		68,400
Berkeley Unified School District/CA GO
5.00%, 08/01/19			90		97,439
California Educational Facilities Authority RB
5.25%, 09/01/19	(AMBAC)		25		27,255
California State Public Works Board RB
Series A
5.00%, 06/01/19			25		26,872
5.00%, 09/01/19			445		482,327
Series D
5.00%, 09/01/19			125		135,485
Series F
4.00%, 09/01/19			25		26,563
5.00%, 09/01/19			185		200,518
Series G
5.00%, 09/01/19			255		276,389
Chaffey Community College District GO Series A
5.00%, 06/01/19			195		209,738
City & County of San Francisco CA GO
4.00%, 06/15/19			150		158,767
Series A
5.00%, 06/15/19			115		123,947
City of Industry CA GO Series B
5.00%, 07/01/19			50		53,801
City of Los Angeles CA GO
Series A
4.00%, 09/01/19	(ETM)		90		95,619
5.00%, 09/01/19			360		390,521
Series B
5.00%, 09/01/19			240		260,347
City of Los Angeles CA Wastewater System Revenue RB
Series A
5.00%, 06/01/19			680		731,386
5.25%, 06/01/19			170		183,654

201

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
City of Santa Clara CA Electric Revenue RB Series A
5.00%, 07/01/19		$	50	$	53,801
City of Santa Rosa CA Wastewater Revenue RB Series B
0.00%, 09/01/19	(AMBAC)		60		58,140
Clovis Unified School District GO Series A
0.00%, 08/01/19	(ETM) (NPFGC)		150		146,160
Coast Community College District GO Series A
5.00%, 08/01/19			415		449,391
Contra Costa County Public Financing Authority RB Series B
5.00%, 06/01/19			75		80,379
County of Orange CA Airport Revenue RB Series B
5.00%, 07/01/19			170		183,309
County of Santa Clara CA GO Series B
5.00%, 08/01/19			125		135,327
East Bay Municipal Utility District Water System Revenue RB
Series A
5.00%, 06/01/19			55		59,137
Series B
4.00%, 06/01/19			20		21,125
5.00%, 06/01/19			65		69,889
East Bay Regional Park District GO Series A
3.00%, 09/01/19			35		36,419
El Camino Community College District GO
5.00%, 08/01/19			365		394,853
Foothill-De Anza Community College District GO
5.25%, 08/01/19	(NPFGC)		65		70,705
Fremont Union High School District GO
5.00%, 08/01/19			200		216,350

Security	Principal (000s)		Value
Huntington Beach City School District GO Series A
4.00%, 08/01/19	$	250	$	265,407
Long Beach Unified School District GO
Series A
4.00%, 08/01/19		85		90,202
5.00%, 08/01/19		20		21,636
Los Altos Elementary School District GO
5.00%, 08/01/19		25		27,044
Los Angeles Community College District/CA GO Series C
5.00%, 08/01/19		400		433,060
Los Angeles County Metropolitan Transportation Authority RB
5.00%, 07/01/19		210		226,527
Series A
5.00%, 06/01/19		75		80,751
5.00%, 07/01/19		640		690,237
Series B
5.00%, 07/01/19		295		318,132
Series D
5.00%, 07/01/19		270		291,138
Los Angeles Department of Water & Power System Revenue RB
Series A
4.00%, 07/01/19		180		190,755
5.00%, 07/01/19		355		383,233
Series B
5.00%, 07/01/19		85		91,760
Los Angeles Department of Water RB
Series A
5.00%, 07/01/19		195		210,346
Series B
5.00%, 07/01/19		370		399,119
Los Angeles Unified School District/CA GO
Series A
3.00%, 07/01/19		165		171,460
5.00%, 07/01/19		1,135		1,224,324

202

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security	Principal (000s)		Value
Series C
5.00%, 07/01/19	$	350	$	377,545
Series D
5.00%, 07/01/19		160		172,592
Series F
5.00%, 07/01/19		50		53,935
Series I
5.00%, 07/01/19		490		528,563
Series K
4.00%, 07/01/19		175		185,313
Series KRY
5.00%, 07/01/19		90		97,083
Marin Community College District GO
4.00%, 08/01/19		80		84,896
Metropolitan Water District of Southern California RB
3.50%, 07/01/19		100		104,904
Series A
5.00%, 07/01/19		160		172,592
Series B
5.00%, 07/01/19		125		134,838
Series C
5.00%, 07/01/19		190		204,953
Monterey Peninsula Community College District GO Series A
4.00%, 08/01/19		175		185,710
Mount Diablo Unified School District/CA GO Series F
5.00%, 08/01/19		50		54,090
Municipal Improvement Corp. of Los Angeles RB Series C
4.50%, 09/01/19		140		150,101
Newport Mesa Unified School District GO
4.00%, 08/01/19		100		106,249
North Orange County Community College District/CA GO Series A
4.00%, 08/01/19		100		106,120
Northern California Power Agency RB Series A
5.00%, 07/01/19		150		161,402

Security		Principal (000s)		Value
Norwalk-La Mirada Unified School District GO Series A
4.00%, 08/01/19		$	100	$	106,056
Placentia-Yorba Linda Unified School District GO
5.00%, 08/01/19			50		54,068
Port of Los Angeles RB
Series A
5.00%, 08/01/19			160		173,080
Poway Unified School District GO
5.00%, 08/01/19			250		270,448
Rancho Cucamonga Redevelopment Agency Successor Agency TA
5.00%, 09/01/19			100		108,186
Rancho Santiago Community College District GO
4.00%, 09/01/19			110		116,982
5.25%, 09/01/19	(AGM)		100		109,021
Redding Joint Powers Financing Authority RB Series A
5.00%, 06/01/19			50		53,745
Riverside County Transportation Commission RB Series A
5.00%, 06/01/19			140		150,513
Sacramento Municipal Utility District RB
Series X
5.00%, 08/15/19			515		557,863
Series Y
4.00%, 08/15/19			120		127,471
San Diego Community College District GO
5.00%, 08/01/19			270		292,199
San Diego County Regional Airport Authority RB Series A
5.00%, 07/01/19			35		37,523
San Diego Public Facilities Financing Authority RB Series A
5.00%, 09/01/19			150		162,459

203

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
San Diego Public Facilities Financing Authority Water Revenue RB
Series A
5.00%, 08/01/19		$	100	$	108,179
Series B
5.00%, 08/01/19			195		210,949
5.00%, 08/01/19	(ETM)		75		81,121
San Diego Unified School District/CA GO
Series A
0.00%, 07/01/19			220		213,640
0.00%, 07/01/19	(NPFGC)		160		155,499
Series C-2
5.50%, 07/01/19	(AGM)		165		179,687
Series R-3
5.00%, 07/01/19			45		48,560
San Francisco Bay Area Rapid Transit District RB
5.00%, 07/01/19			100		107,870
San Francisco Unified School District GO
Series B
5.00%, 06/15/19			145		156,288
Series E
5.00%, 06/15/19			70		75,450
San Gabriel Unified School District GO Series A
4.00%, 08/01/19			120		127,190
San Jose Financing Authority RB Series A
5.00%, 06/01/19			45		48,346
San Jose Unified School District GO
4.00%, 08/01/19			50		53,060
5.00%, 08/01/19			25		27,045
San Mateo County Community College District GO
4.00%, 09/01/19			155		164,838
San Mateo County Transit District RB Series A
5.25%, 06/01/19	(ETM) (NPFGC)		25		27,018
San Ramon Valley Unified School District/CA GO
4.00%, 08/01/19			420		446,153

Security		Principal (000s)		Value
Santa Clara Unified School District GO
3.00%, 07/01/19		$	430	$	446,834
Santa Margarita-Dana Point Authority RB Series A
5.00%, 08/01/19			75		81,134
Santa Monica Community College District GO Series C
5.25%, 08/01/19			65		70,650
Santa Monica-Malibu Unified School District GO
0.00%, 08/01/19			205		199,340
Sonoma County Junior College District GO
5.00%, 08/01/19			60		64,907
Southern California Public Power Authority RB
5.00%, 07/01/19			95		102,477
Series A
4.00%, 07/01/19			120		127,072
5.00%, 07/01/19			1,035		1,116,192
State of California GO
3.00%, 09/01/19			460		478,915
5.00%, 08/01/19			685		740,410
5.00%, 09/01/19			3,075		3,332,931
Series A
4.60%, 07/01/19	(ETM)		805		862,485
5.00%, 07/01/19	(ETM)		4,165		4,495,409
5.00%, 07/01/20	(PR 07/01/19)		770		830,922
5.25%, 07/01/21	(PR 07/01/19)		975		1,056,959
Series B
5.00%, 09/01/19			975		1,056,783
Tahoe-Truckee Unified School District GO
5.50%, 08/01/19	(NPFGC)		155		169,204
Ventura County Community College District GO
5.00%, 08/01/19			40		43,272
West Valley-Mission Community College District GO Series B
5.00%, 08/01/19			125		135,115

204

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
William S Hart Union High School District GO Series C
4.00%, 08/01/19		$	20	$	21,198
Yosemite Community College District GO
4.00%, 08/01/19			100		106,120
					33,949,378
COLORADO — 0.56%
City & County of Denver CO GO Series A
5.00%, 08/01/19			110		118,849
City & County of Denver CO RB Series A
5.25%, 09/01/19	(ETM) (AGM)		100		108,833
Colorado Water Resources & Power Development Authority RB Series A
5.00%, 09/01/19			25		27,094
E-470 Public Highway Authority RB Series A
5.00%, 09/01/19			100		107,574
Regional Transportation District COP Series A
4.00%, 06/01/19			100		105,251
University of Colorado RB
5.00%, 06/01/19			75		80,589
Series A
5.00%, 06/01/19			285		306,238
Series B
5.00%, 06/01/19			230		247,140
					1,101,568
CONNECTICUT — 1.45%
City of Stamford CT GO Series B
4.00%, 07/01/19			60		63,474
Connecticut State Health & Educational Facility Authority RB Series A-1
1.00%, 07/01/42	(MT 07/01/19)		400		398,028
State of Connecticut GO
Series B
5.25%, 06/01/19	(AMBAC)		330		352,922

Security	Principal (000s)		Value
Series C
5.00%, 06/15/19	$	390	$	415,303
5.00%, 07/15/19		130		138,745
Series D
5.00%, 06/15/19		75		79,866
Series E
5.00%, 09/01/19		300		321,276
State of Connecticut RB Series A
5.00%, 06/01/19		175		187,955
State of Connecticut Special Tax Revenue RB
Series A
5.00%, 08/01/19		50		53,604
5.00%, 09/01/19		500		537,350
Series B
5.00%, 08/01/19		160		171,531
University of Connecticut RB Series A
5.00%, 08/15/19		125		134,628
				2,854,682
DELAWARE — 0.67%
County of New Castle DE GO
Series A
5.00%, 07/15/19		25		26,983
Series B
5.00%, 07/15/19		100		107,930
Delaware Transportation Authority RB
5.00%, 07/01/19		50		53,873
5.00%, 09/01/19		180		194,776
Series A
5.00%, 07/01/19		360		387,885
State of Delaware GO
Series A
3.00%, 08/01/19		100		103,977
5.00%, 07/01/19		70		75,451
Series B
5.00%, 07/01/19		345		371,865
				1,322,740
DISTRICT OF COLUMBIA — 0.69%
District of Columbia GO
Series A
5.00%, 06/01/19		700		752,164

205

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series B
5.25%, 06/01/19	(AGM-CR AMBAC)	$	120	$	129,511
5.25%, 06/01/19	(AMBAC)		100		107,926
Series D
5.00%, 06/01/19			235		252,512
Washington Metropolitan Area Transit Authority RB Series A
5.00%, 07/01/19			100		107,560
					1,349,673
FLORIDA — 6.20%
Board of Governors State University System of Florida RB Series A
5.00%, 07/01/19			255		274,699
Brevard County School District COP Series C
5.00%, 07/01/19			105		112,851
City of Fort Lauderdale FL Water & Sewer Revenue RB
5.00%, 09/01/19			100		108,343
County of Hillsborough FL RB
5.00%, 08/01/19			170		183,751
County of Miami-Dade FL GO
3.50%, 07/01/19			75		78,480
County of Miami-Dade FL Transit System RB
Series A
5.00%, 07/01/19			250		268,692
5.00%, 07/01/19	(AGC)		220		236,496
County of Palm Beach FL GO
5.00%, 07/01/19			100		107,808
County of Palm Beach FL RB
5.00%, 06/01/19			515		553,280
Florida Department of Environmental Protection RB
Series A
5.00%, 07/01/19			145		156,142
Series B
5.00%, 07/01/19			455		489,962
Florida Water Pollution Control Financing Corp. RB Series A
5.00%, 07/15/19			175		188,764

Security		Principal (000s)		Value
Florida’s Turnpike Enterprise RB Series A
5.00%, 07/01/19		$	675	$	727,562
Hillsborough County School Board COP Series A
5.00%, 07/01/19			30		32,274
Jacksonville Transportation Authority RB
4.00%, 08/01/19			300		317,772
Lee County School Board COP
Series A
5.00%, 08/01/19			50		53,875
Series B
5.00%, 08/01/19			400		431,004
Leon County School District RB
5.00%, 09/01/19			150		162,211
Miami-Dade County Expressway Authority RB
Series A
5.00%, 07/01/19			120		128,774
5.00%, 07/01/19	(AGM)		75		80,329
Series B
5.00%, 07/01/19			145		155,453
Orange County School Board COP Series D
5.00%, 08/01/19			290		312,727
Palm Beach County School District COP
Series B
5.00%, 08/01/19			495		533,026
Series C
4.00%, 08/01/19			20		21,126
Series D
5.00%, 08/01/19			50		53,841
Pasco County School Board COP
5.00%, 08/01/19			50		53,711
Series A
5.00%, 08/01/19			70		75,195
Reedy Creek Improvement District GOL Series B
4.00%, 06/01/19			55		57,906

206

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security	Principal (000s)		Value
Sarasota County School Board COP Series B
3.00%, 07/01/19	$	185	$	190,715
School District of Broward County/FL COP
Series A
4.00%, 07/01/19		75		79,097
5.00%, 07/01/19		585		628,708
Seminole County School Board COP Series A
4.00%, 07/01/19		25		26,346
St. Johns County School Board COP
5.00%, 07/01/19		220		236,586
State of Florida Department of Transportation RB
5.00%, 07/01/19		70		75,335
State of Florida GO
5.00%, 07/01/19		415		447,317
Series A
5.00%, 06/01/19		435		467,503
Series B
5.00%, 06/01/19		1,020		1,096,214
Series C
5.00%, 06/01/19		670		720,063
Series D
5.50%, 06/01/19		275		298,155
Series F
4.00%, 06/01/19		100		105,607
State of Florida Lottery Revenue RB
Series A
5.00%, 07/01/19		160		172,295
Series B
5.00%, 07/01/19		390		419,968
Series C
5.00%, 07/01/19		160		172,294
Series E
5.00%, 07/01/19		180		193,831
Series F
5.00%, 07/01/19		610		656,872
Volusia County School Board COP
5.00%, 08/01/19		150		161,523
Series A
5.00%, 08/01/19		70		75,377
				12,179,860

Security		Principal (000s)		Value
GEORGIA — 2.54%
County of Carroll GA GO
4.00%, 06/01/19		$	140	$	147,725
County of Cobb GA Water & Sewerage Revenue RB
4.50%, 07/01/19			25		26,695
Georgia State Road & Tollway Authority RB Series A
5.00%, 06/01/19			720		772,158
Gwinnett County Water & Sewerage Authority RB
5.00%, 08/01/19	(GTD)		495		534,951
Series A
4.00%, 08/01/19	(GTD)		70		74,150
Metropolitan Atlanta Rapid Transit Authority RB
Series A
5.00%, 07/01/19			255		274,752
5.00%, 07/01/19	(NPFGC)		335		360,949
State of Georgia GO
Series A
5.00%, 07/01/19			250		269,418
Series C
5.00%, 07/01/19			840		905,243
Series E-1
4.50%, 07/01/19			85		90,761
Series E-2
4.00%, 09/01/19			125		132,794
Series I
4.00%, 07/01/19			390		412,581
5.00%, 07/01/19			915		986,068
					4,988,245
HAWAII — 1.94%
City & County Honolulu HI Wastewater System Revenue RB
Series A
3.50%, 07/01/19			60		62,796
5.00%, 07/01/19			220		236,995
City & County of Honolulu HI GO
Series A
4.00%, 08/01/19			15		15,895
4.00%, 08/01/19	(ETM)		10		10,586

207

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series B
5.00%, 08/01/19		$	325	$	351,289
5.25%, 07/01/19	(AGM)		475		514,335
City & County of Honolulu HI Wastewater System Revenue RB
0.00%, 07/01/19	(NPFGC)		30		28,919
Series A
4.00%, 07/01/19			330		348,971
County of Hawaii HI GO
Series B
4.00%, 09/01/19			50		53,081
County of Maui HI GO
5.00%, 06/01/19			190		204,123
5.00%, 09/01/19			145		157,097
Honolulu City & County Board of Water Supply RB Series A
5.00%, 07/01/19			150		161,587
State of Hawaii GO
Series DQ
5.00%, 06/01/19			205		220,318
Series DR
4.00%, 06/01/19			50		52,789
4.25%, 06/01/19			310		328,758
5.00%, 06/01/19			275		295,548
Series EH
4.00%, 08/01/19			365		387,013
5.00%, 08/01/19			65		70,258
State of Hawaii State Highway Fund RB
Series B
5.25%, 07/01/19	(AGM)		280		303,187
					3,803,545
IDAHO — 0.03%
Ada & Canyon Counties Joint School District No. 2 Meridian GO
5.00%, 08/15/19	(GTD)		50		54,159
					54,159
ILLINOIS — 1.14%
Metropolitan Pier & Exposition Authority RB Series A
0.00%, 06/15/19	(NPFGC)		125		118,414
Regional Transportation Authority RB
Series A
5.00%, 06/01/19	(AGM)		115		122,895
5.50%, 07/01/19	(NPFGC)		70		75,634

Security		Principal (000s)		Value
Series B
5.50%, 06/01/19	(NPFGC)	$	25	$	26,981
State of Illinois GO
0.00%, 08/01/19			305		280,144
5.00%, 08/01/19			340		352,277
Series A
5.00%, 06/01/19			135		139,629
State of Illinois RB
4.50%, 06/15/19			50		52,504
5.00%, 06/15/19			510		540,421
First Series
5.25%, 06/15/19			70		74,510
Second Series
5.75%, 06/15/19	(NPFGC)		100		108,003
Series A
4.00%, 06/15/19			195		202,899
Series B
5.00%, 06/15/19			140		148,351
					2,242,662
INDIANA — 0.42%
Indiana University RB Series U
5.00%, 08/01/19			110		118,898
Indianapolis Local Public Improvement Bond Bank RB Series K
5.00%, 06/01/19			300		320,745
Purdue University RB
Series A
5.00%, 07/01/19			300		323,610
Series Y
5.00%, 07/01/19			65		70,115
					833,368
IOWA — 0.75%
Cedar Rapids Community School District GO
5.00%, 06/01/19			50		53,559
City of Cedar Rapids IA GO Series A
5.00%, 06/01/19			235		252,303
City of Des Moines IA GO Series A
5.00%, 06/01/19			25		26,853
City of West Des Moines IA GO Series A
4.25%, 06/01/19			160		169,336

208

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Iowa Finance Authority RB
5.00%, 08/01/19		$	325	$	351,088
5.00%, 08/01/19	(ETM)		40		43,218
Iowa State University of Science & Technology RB
4.00%, 07/01/19			120		126,802
State of Iowa RB
5.00%, 06/15/19			100		107,559
Series A
4.00%, 06/01/19	(ETM)		100		105,336
5.00%, 06/01/19	(ETM)		215		230,837
					1,466,891
KANSAS — 0.43%
Kansas Turnpike Authority RB Series A
5.00%, 09/01/19			175		189,287
State of Kansas Department of Transportation RB
Series A
3.00%, 09/01/19			80		83,190
5.00%, 09/01/19			250		270,935
Series B
5.00%, 09/01/19			285		308,866
					852,278
KENTUCKY — 0.32%
Kentucky Asset Liability Commission RB First Series
5.25%, 09/01/19	(NPFGC)		125		135,423
Kentucky State Property & Building Commission RB
4.00%, 08/01/19			250		263,472
5.00%, 08/01/19			25		26,860
Series A
5.00%, 08/01/19			25		26,860
Kentucky Turnpike Authority RB Series A
5.00%, 07/01/19			155		166,493
					619,108
LOUISIANA — 0.17%
Louisiana State Citizens Property Insurance Corp. RB
5.00%, 06/01/19			100		106,656

Security		Principal (000s)		Value
State of Louisiana GO Series C
5.00%, 07/15/19		$	200	$	215,012
State of Louisiana RB
5.00%, 09/01/19			20		21,451
					343,119
MAINE — 0.29%
Maine Municipal Bond Bank RB
Series A
4.00%, 09/01/19			45		47,693
State of Maine GO
4.25%, 06/01/19			295		312,910
Series B
5.00%, 06/01/19			195		209,609
					570,212
MARYLAND — 5.78%
City of Baltimore MD RB
Series A
5.00%, 07/01/19			200		215,326
Series D
5.00%, 07/01/19			235		253,154
City of Frederick MD GO
5.00%, 09/01/19			135		146,385
County of Baltimore MD GO
5.00%, 08/01/19			710		767,304
County of Charles MD GO
5.00%, 07/15/19			50		53,985
County of Harford MD GO
4.00%, 07/01/19			50		52,916
Series A
5.00%, 07/01/19			65		70,075
County of Howard MD GO
Series A
5.00%, 08/15/19			55		59,517
Series B
5.00%, 08/15/19			265		286,762
County of Montgomery MD GO
Series A
5.00%, 07/01/19			410		441,845
5.00%, 08/01/19			430		464,705
5.00%, 07/01/23	(PR 07/01/19)		1,070		1,153,770
County of Prince George’s MD GOL Series C
5.00%, 08/01/19			150		162,106

209

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Maryland Economic Development Corp. RB
4.00%, 06/01/19		$	20	$	21,104
Maryland State Transportation Authority RB
4.00%, 07/01/19			60		63,474
Series A
5.00%, 07/01/19			310		334,078
State of Maryland Department of Transportation RB
5.00%, 06/01/19			100		107,423
State of Maryland GO
Second Series
3.00%, 08/01/19			225		233,665
4.00%, 08/01/19			80		84,810
4.50%, 08/01/19			350		374,647
Second Series A
5.00%, 08/01/19			380		410,670
Second Series E
5.00%, 08/01/19			560		605,198
Series B
4.50%, 08/01/19			475		508,449
5.00%, 08/01/19			250		270,177
5.00%, 08/01/20	(PR 08/01/19)		250		270,275
5.00%, 08/01/21	(PR 08/01/19)		275		297,302
5.00%, 08/01/23	(PR 08/01/19)		1,530		1,654,083
5.25%, 08/15/19			330		358,829
Series C
5.00%, 08/01/19			410		443,091
Washington Suburban Sanitary Commission GO
5.00%, 06/01/19			895		961,785
Series A
4.00%, 06/01/19			200		211,134
					11,338,044
MASSACHUSETTS — 4.46%
Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue RB
5.00%, 06/15/19			360		387,724
Commonwealth of Massachusetts GOL
Series 9
4.00%, 08/01/19			150		158,950

Security		Principal (000s)		Value
Series A
5.25%, 08/01/19		$	340	$	369,029
Series B
4.00%, 08/01/19			600		635,802
5.00%, 07/01/19			90		96,953
5.00%, 08/01/19			990		1,069,437
Series C
5.00%, 08/01/19			390		421,294
Series D
5.50%, 08/01/19			150		163,578
5.50%, 08/01/19	(NPFGC-IBC)		100		109,052
Commonwealth of Massachusetts RB Series A
5.50%, 06/01/19	(AGM)		160		173,472
Massachusetts Bay Transportation Authority RB
Series A
5.25%, 07/01/19			575		622,380
Series B
5.25%, 07/01/19			695		752,268
Series C
5.25%, 07/01/19			120		129,888
5.50%, 07/01/19			140		152,228
Series D
5.00%, 07/01/19			125		134,683
Massachusetts Clean Water Trust (The) RB
3.00%, 08/01/19			25		25,963
5.00%, 08/01/19			115		124,282
5.25%, 08/01/19			340		369,189
Series 14
5.00%, 08/01/19			75		81,053
Series 15-A
5.00%, 08/01/19			265		286,388
Series A
5.25%, 08/01/19			690		749,236
Massachusetts Development Finance Agency RB Series S
5.00%, 07/01/19			65		70,021
Massachusetts Port Authority RB Series B
5.00%, 07/01/19			10		10,773

210

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Massachusetts School Building Authority RB
Series B
4.00%, 08/15/19		$	200	$	212,268
5.00%, 08/15/19			525		568,202
Series C
5.00%, 08/15/19			155		167,755
Massachusetts Water Resources Authority RB
Series B
5.00%, 08/01/19			595		643,641
Series J
5.25%, 08/01/19	(AGM)		70		76,083
					8,761,592
MICHIGAN — 0.47%
Michigan Finance Authority RB Series A
5.00%, 07/01/19			655		705,736
Michigan State University RB Series A
4.00%, 08/15/19			210		222,745
					928,481
MINNESOTA — 1.73%
Metropolitan Council GO Series B
5.00%, 09/01/19			175		189,655
State of Minnesota COP
5.00%, 06/01/19			125		134,118
State of Minnesota GO
5.00%, 08/01/19			290		313,278
5.00%, 08/01/19	(ETM)		5		5,401
Series A
5.00%, 08/01/19			270		291,673
Series B
5.00%, 08/01/19			700		756,189
Series C
5.00%, 08/01/19			345		372,693
Series D
5.00%, 08/01/19			370		399,700
Series E
4.00%, 08/01/19			190		201,345
5.00%, 08/01/19			445		480,720

Security	Principal (000s)		Value
Series F
4.00%, 08/01/19	$	65	$	68,881
Series G
5.00%, 08/01/19		60		64,816
State of Minnesota RB Series A
5.00%, 06/01/19		100		107,433
				3,385,902
MISSOURI — 0.54%
City of Springfield MO Public Utility Revenue RB
5.00%, 08/01/19		140		151,263
Missouri State Environmental Improvement & Energy Resources Authority RB
5.00%, 07/01/19		150		161,587
5.25%, 07/01/19		160		173,218
Series B
5.00%, 07/01/19		525		565,556
				1,051,624
MONTANA — 0.06%
Montana Department of Transportation RB
4.00%, 06/01/19		110		115,708
				115,708
NEBRASKA — 0.14%
City of Lincoln NE Water Revenue RB
4.00%, 08/15/19		85		90,177
Nebraska Public Power District RB
5.00%, 07/01/19		175		188,265
				278,442
NEVADA — 2.43%
Clark County School District GOL
Series A
5.00%, 06/15/19		735		788,545
Series B
5.00%, 06/15/19		380		407,683
Series C
5.00%, 06/15/19		50		53,643
Clark County Water Reclamation District GOL
5.00%, 07/01/19		60		64,622

211

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series A
5.25%, 07/01/34	(PR 07/01/19)	$	400	$	433,044
5.25%, 07/01/38	(PR 07/01/19)		700		757,827
County of Clark Department of Aviation RB
5.00%, 07/01/19			95		101,926
Series C
5.00%, 07/01/19			200		214,830
Series D
4.50%, 07/01/19			145		154,531
County of Clark NV GOL Series A
5.00%, 07/01/19			250		269,157
County of Clark NV RB
5.00%, 07/01/19			340		365,983
Series B
5.00%, 07/01/19			170		182,781
Nevada System of Higher Education RB Series B
4.00%, 07/01/19			200		210,804
State of Nevada GOL
5.00%, 06/01/19			30		32,218
5.00%, 08/01/19			155		167,403
Series A
5.00%, 08/01/19			100		108,002
Series B
5.00%, 08/01/19			115		124,202
Series C
5.00%, 06/01/19			200		214,786
5.00%, 08/01/19			100		108,002
					4,759,989
NEW HAMPSHIRE — 0.78%
New Hampshire Municipal Bond Bank RB Series A
5.00%, 08/15/19			590		638,529
State of New Hampshire GO
Series A
5.00%, 07/01/19			530		570,397
Series B
4.00%, 06/01/19			250		263,575
State of New Hampshire RB
5.00%, 09/01/19			50		53,936
					1,526,437

Security		Principal (000s)		Value
NEW JERSEY — 1.97%
New Jersey Building Authority RB
Series A
5.00%, 06/15/19		$	135	$	141,570
5.00%, 06/15/19	(ETM)		15		16,141
New Jersey Economic Development Authority RB
0.00%, 07/01/19	(NPFGC)		55		52,872
4.00%, 06/15/19			50		51,556
5.00%, 06/15/19			115		121,713
5.25%, 09/01/19			25		26,412
5.25%, 09/01/19	(ETM)		75		81,647
Series PP
5.00%, 06/15/19			270		283,141
Series UU
4.00%, 06/15/19			50		51,483
5.00%, 06/15/19			160		167,787
Series XX
5.00%, 06/15/19			250		262,168
New Jersey Educational Facilities Authority RB Series B
4.75%, 07/01/19			380		407,713
New Jersey Environmental Infrastructure Trust RB
Series A
5.25%, 09/01/19			80		87,012
Series C
5.00%, 09/01/19			25		27,058
New Jersey Transportation Trust Fund Authority RB
Series A
5.00%, 06/15/19	(SAP)		100		104,913
Series A-1
5.00%, 06/15/19			450		473,387
Series AA
5.00%, 06/15/19			75		78,685
Series B
5.00%, 06/15/19			100		104,913
State of New Jersey COP Series A
5.00%, 06/15/19	(ETM)		25		26,896
State of New Jersey GO
5.00%, 06/01/19			260		276,812
5.00%, 08/01/19			135		144,416

212

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series H
5.25%, 07/01/19		$	250	$	268,070
Series L
5.25%, 07/15/19	(AMBAC)		245		263,005
Series N
5.50%, 07/15/19	(NPFGC)		65		70,186
Series Q
5.00%, 08/15/19			255		273,069
					3,862,625
NEW MEXICO — 1.30%
City of Albuquerque NM GO Series A
4.00%, 07/01/19			135		142,761
City of Albuquerque NM RB Series B
5.00%, 07/01/19			35		37,660
New Mexico Finance Authority RB
4.00%, 06/15/19			855		903,325
Series C
5.00%, 06/01/19			75		80,589
Series D
5.00%, 06/01/19			300		322,356
State of New Mexico Severance Tax Permanent Fund RB
Series A
5.00%, 07/01/19			345		371,579
Series B
5.00%, 07/01/19			650		698,737
					2,557,007
NEW YORK — 8.56%
City of New York NY GO
Series 1
5.00%, 08/01/19			535		577,024
Series A
5.00%, 08/01/19			830		895,196
Series A-1
5.00%, 08/01/19			285		307,387
Series B
4.00%, 08/01/19			465		491,970
5.00%, 08/01/19			1,115		1,202,583
Series C
4.00%, 08/01/19			465		491,970
5.00%, 08/01/19			840		905,982

Security		Principal (000s)		Value
Series D
5.00%, 08/01/19		$	345	$	372,100
Series E
4.00%, 08/01/19			140		148,120
5.00%, 08/01/19			420		452,991
Series G
5.00%, 08/01/19			175		188,746
Series H
5.00%, 08/01/19			155		167,175
Series I
4.00%, 08/01/19			150		158,700
5.00%, 08/01/19			470		506,919
Series I-1
5.00%, 08/01/19			710		765,770
Series J
5.00%, 08/01/19			470		506,918
Series K
4.00%, 08/01/19			200		211,600
5.00%, 08/01/19			605		652,523
County of Orange NY GOL Series B
4.00%, 07/01/19			50		52,640
County of Westchester NY GOL Series B
5.00%, 07/01/19			115		123,979
Long Island Power Authority RB
0.00%, 06/01/19	(AGM)		120		116,473
Monroe County Industrial Development Corp./NY RB Series A
5.00%, 07/01/19			115		123,765
New York City Transitional Finance Authority Building Aid Revenue RB
Series S-1
4.00%, 07/15/19	(SAW)		335		354,189
5.00%, 07/15/19	(SAW)		100		107,782
Series S-1A
4.00%, 07/15/19	(SAW)		200		211,456
5.00%, 07/15/19	(SAW)		400		431,128
New York City Transitional Finance Authority Future Tax Secured Revenue RB
5.00%, 08/01/19	(ETM)		100		108,089

213

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series A-1
4.00%, 08/01/19		$	165	$	174,676
5.00%, 08/01/19			255		275,415
Series A-3
5.00%, 08/01/19	(ETM)		155		167,371
Series B-1
5.00%, 08/01/19			115		124,207
New York City Water & Sewer System RB
Series EE
5.00%, 06/15/19			320		344,400
Series GG
5.00%, 06/15/19			100		107,625
New York State Dormitory Authority RB
3.00%, 07/01/19			150		155,237
5.00%, 07/01/19			295		317,361
5.00%, 07/01/19	(SAP)		130		139,962
5.50%, 07/01/19	(NPFGC)		130		141,246
Series A
5.00%, 07/01/19			770		829,282
Series D
3.50%, 06/15/19			220		230,395
4.50%, 06/15/19			380		404,996
5.00%, 06/15/19			110		118,477
Series E
5.00%, 08/15/19			400		433,292
New York State Environmental Facilities Corp. RB
5.00%, 06/15/19			695		748,272
Series A
5.00%, 06/15/19			895		963,602
5.00%, 08/15/19			150		162,417
Port Authority of New York & New Jersey RB Fifth Series
5.20%, 09/01/19			115		125,138
Town of Hempstead NY GOL
4.00%, 08/15/19			200		212,234
					16,808,780
NORTH CAROLINA — 2.50%
City of Charlotte NC GO
Series A
5.00%, 07/01/19			255		274,806

Security	Principal (000s)		Value
Series C
5.00%, 06/01/19	$	50	$	53,731
City of Charlotte NC Water & Sewer System Revenue RB
4.00%, 07/01/19		130		137,527
Series B
4.00%, 07/01/19		20		21,158
5.00%, 07/01/19		305		328,689
City of Durham NC GO Series C
5.00%, 07/01/19		115		123,932
City of Greensboro NC Combined Water & Sewer System Revenue RB
5.25%, 06/01/19		55		59,332
Series A
5.00%, 06/01/19		310		332,949
City of Raleigh NC GO Series A
5.00%, 09/01/19		65		70,443
City of Winston-Salem NC Water & Sewer System Revenue RB Series A
4.00%, 06/01/19		100		105,509
County of Buncombe NC RB
5.00%, 06/01/19		190		204,009
Series A
5.00%, 06/01/19		155		166,428
County of Forsyth NC GO Series E
4.00%, 07/01/19		175		185,133
County of Mecklenburg NC GO
Series A
4.00%, 08/01/19		280		296,836
5.00%, 08/01/19		130		140,492
5.00%, 09/01/19		200		216,748
County of New Hanover NC GO
5.00%, 06/01/19		50		53,731
Series A
4.00%, 08/01/19		50		53,007
5.00%, 08/01/19		25		27,018
North Carolina Turnpike Authority RB
5.00%, 07/01/19		100		107,725

214

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security	Principal (000s)		Value
State of North Carolina GO
Series A
5.00%, 06/01/19	$	1,175	$	1,262,678
Series B
5.00%, 06/01/19		525		564,175
Town of Cary NC GO Series B
4.00%, 06/01/19		110		116,124
				4,902,180
OHIO — 2.14%
City of Columbus OH GO
Series 1
5.00%, 07/01/19		175		188,555
Series 2012-3
5.25%, 08/15/19		150		163,038
Series A
5.00%, 06/01/19		100		107,442
5.00%, 07/01/19		200		215,450
5.00%, 08/15/19		370		400,222
City of Columbus OH GOL Series B
3.00%, 07/01/19		200		207,426
County of Franklin OH GOL
1.50%, 06/01/19		110		110,808
Miami University/Oxford OH RB
5.00%, 09/01/19		210		227,081
Ohio State University (The) RB Series A
5.00%, 06/01/19		125		134,440
Ohio State Water Development Authority RB Series B
5.00%, 06/01/19		110		118,351
Ohio Water Development Authority RB Series C
5.00%, 06/01/19		145		156,008
Ohio Water Development Authority Water Pollution Control Loan Fund RB
5.25%, 06/01/19		135		145,835
State of Ohio Department of Administration COP
5.00%, 09/01/19		100		108,141

Security		Principal (000s)		Value
State of Ohio GO
5.00%, 08/01/19		$	55	$	59,425
Series A
5.00%, 08/01/19			100		108,046
Series B
5.00%, 06/15/19			35		37,653
5.00%, 08/01/19			660		713,097
5.00%, 09/01/19			75		81,257
Series C
5.00%, 08/01/19			815		880,567
University of Cincinnati RB Series C
5.00%, 06/01/19			35		37,574
					4,200,416
OKLAHOMA — 0.75%
Grand River Dam Authority RB Series A
4.00%, 06/01/19			305		321,473
Oklahoma Capital Improvement Authority RB
Series A
2.00%, 07/01/19			50		50,789
5.00%, 07/01/19			180		193,608
Series B
5.00%, 07/01/19			295		316,995
Series C
5.00%, 07/01/19			110		118,202
Oklahoma City Water Utilities Trust RB
5.00%, 07/01/19			435		468,334
					1,469,401
OREGON — 1.15%
City of Portland OR Sewer System Revenue RB
Series A
5.00%, 06/01/19			100		107,572
5.00%, 08/01/19			170		183,787
City of Salem OR GO
5.00%, 06/01/19			105		112,700
Clackamas & Washington Counties School District No. 3 GO Series A
0.00%, 06/15/19	(NPFGC GTD)		230		225,119

215

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Clackamas County School District No. 86 Canby GO Series A
4.00%, 06/15/19	(GTD)	$	50	$	52,823
Deschutes County Administrative School District No. 1 Bend-La Pine GO
5.00%, 06/15/19	(GTD)		55		59,202
Lane County School District No. 4J Eugene GO
4.00%, 06/15/19	(GTD)		70		73,966
Metro/OR GO
4.00%, 06/01/19			200		211,134
5.00%, 06/01/19			325		349,252
Series A
5.00%, 06/01/19			20		21,492
Port of Portland OR Airport RB Series 23
5.00%, 07/01/19			165		177,474
Portland Community College District GO
5.00%, 06/15/19			340		365,976
State of Oregon GO
Series B
5.00%, 08/01/19			20		21,610
Series O
5.00%, 08/01/19			100		108,049
Tri-County Metropolitan Transportation District of Oregon RB Series A
5.00%, 09/01/19			70		75,951
Washington & Multnomah Counties School District No. 48J Beaverton GO Series B
4.00%, 06/15/19	(GTD)		100		105,666
					2,251,773
PENNSYLVANIA — 3.19%
City of Philadelphia PA Water & Wastewater Revenue RB Series A
5.00%, 06/15/19			100		107,325

Security		Principal (000s)		Value
Commonwealth of Pennsylvania GO
First Series
5.00%, 06/01/19		$	65	$	69,715
5.00%, 07/01/19			805		865,858
5.00%, 08/15/19			150		161,980
Second Series
5.00%, 07/01/19			720		774,432
Series D
5.00%, 08/15/19			100		107,987
Third Series
5.38%, 07/01/19	(NPFGC)		405		438,615
County of Bucks PA GO
5.00%, 06/01/19			75		80,627
County of Butler PA GO
5.00%, 07/15/19			75		80,741
County of Chester PA GO
Series C
5.00%, 07/15/19			25		26,951
5.00%, 07/15/19	(ETM)		5		5,394
Delaware County Authority RB
5.00%, 08/01/19			205		220,566
Delaware River Joint Toll Bridge Commission RB Series A
5.50%, 07/01/19	(NPFGC)		100		108,505
Pennsylvania Economic Development Financing Authority RB Series A
5.00%, 07/01/19			1,820		1,961,723
Pennsylvania Higher Educational Facilities Authority RB
Series A
5.00%, 09/01/19	(ETM)		260		281,752
Series AJ
5.00%, 06/15/19			140		150,255
Pennsylvania Intergovernmental Cooperation Authority ST
5.00%, 06/15/19			400		430,072
Pennsylvania Turnpike Commission RB
Series A
5.00%, 06/01/19	(AGC)		150		160,333
Series B
4.00%, 06/01/19			100		104,789
5.00%, 06/01/19			125		133,344
					6,270,964

216

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
RHODE ISLAND — 0.23%
Rhode Island Health & Educational Building Corp. RB
5.00%, 09/01/19		$	125	$	135,485
State of Rhode Island GO Series A
5.00%, 08/01/19			300		324,072
					459,557
SOUTH CAROLINA — 0.23%
County of Charleston SC GO Series A
5.50%, 08/01/19			50		54,549
South Carolina State Ports Authority RB
5.00%, 07/01/19			50		53,502
State of South Carolina GO
Series A
5.00%, 06/01/19			300		322,386
5.00%, 07/01/19	(SAW)		20		21,553
					451,990
TENNESSEE — 1.26%
City of Memphis TN GO Series D
3.63%, 07/01/19			100		105,009
County of Sumner TN GO
5.00%, 06/01/19			40		42,973
Metropolitan Government of Nashville & Davidson County TN GO
Series A
5.00%, 07/01/19			210		226,353
Series D
4.00%, 07/01/19			710		750,818
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue RB
5.00%, 07/01/19			105		112,677
Metropolitan Nashville Airport Authority (The) RB Series A
5.25%, 07/01/19	(AGC)		150		162,018
State of Tennessee GO
Series A
5.00%, 08/01/19			825		891,759
5.00%, 09/01/19			175		189,693
					2,481,300

Security		Principal (000s)		Value
TEXAS — 7.98%
Austin Community College District GOL
3.00%, 08/01/19		$	80	$	82,994
5.00%, 08/01/19			145		156,384
Austin Independent School District GO
Series A
4.00%, 08/01/19	(PSF)		170		180,326
Series B
5.00%, 08/01/19			150		162,187
Central Texas Turnpike System RB
Series A
0.00%, 08/15/19	(AMBAC)		90		87,100
0.00%, 08/15/19	(ETM) (AMBAC)		25		24,306
City of Arlington TX GOL
3.00%, 08/15/19			135		140,307
City of Austin TX GOL
5.00%, 09/01/19			520		564,053
Series A
5.00%, 09/01/19			135		146,507
City of Brownsville TX Utilities System Revenue RB
5.00%, 09/01/19			100		107,783
City of Corpus Christi TX Utility System Revenue RB
5.00%, 07/15/19			355		381,802
City of El Paso TX GOL
5.00%, 08/15/19			115		124,236
City of Houston TX Airport System Revenue RB Series B
5.00%, 07/01/19			50		53,512
City of Houston TX RB Series A
5.25%, 09/01/19			75		81,147
City of Irving TX Waterworks & Sewer System Revenue RB
5.00%, 08/15/19			20		21,619
City of San Antonio TX GOL
4.00%, 08/01/19			75		79,523
Series A
5.00%, 08/01/19			210		226,987

217

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
County of Bexar TX GOL
5.00%, 06/15/19		$	465	$	499,867
Series A
4.50%, 06/15/19			20		21,306
5.00%, 06/15/19			150		161,247
County of Denton TX GOL
4.00%, 07/15/19			70		74,039
County of Harris TX GO Series C
5.25%, 08/15/19	(AGM)		25		27,188
County of Harris TX GOL Series C
5.25%, 08/15/19			70		76,127
County of Harris TX RB
Series A
5.00%, 08/15/19			200		216,326
Series C
5.00%, 08/15/19			410		443,468
County of Tarrant TX GOL
5.00%, 07/15/19			355		383,144
Dallas Independent School District GO
5.00%, 08/15/19	(PSF)		220		237,862
Denton Independent School District GO
4.00%, 08/15/19	(PSF)		85		90,121
5.00%, 08/15/19	(PSF)		125		135,149
Eanes Independent School District GO
4.00%, 08/01/19	(PSF)		70		74,147
El Paso Independent School District GO
5.00%, 08/15/19	(PSF)		40		43,197
Fort Bend Independent School District GO
5.00%, 08/15/19	(PSF)		130		140,555
Frisco Independent School District GO Series B
5.00%, 08/15/19	(PSF)		245		264,580
Grapevine-Colleyville Independent School District GO
Series A
4.00%, 08/15/19			165		174,941
5.00%, 08/15/19	(PSF)		110		118,931

Security		Principal (000s)		Value
Series B
4.00%, 08/15/19		$	55	$	58,314
Keller Independent School District/TX GO
0.00%, 08/15/19	(PSF)		50		48,609
Klein Independent School District GO Series A
4.00%, 08/01/19	(PSF)		165		174,775
Leander Independent School District GO
4.00%, 08/15/19	(PSF)		555		588,439
Series D
0.00%, 08/15/19	(PSF)		50		48,604
Lewisville Independent School District GO
Series A
4.00%, 08/15/19	(PSF)		215		227,954
5.00%, 08/15/19	(PSF)		390		421,664
Series B
4.00%, 08/15/19			100		106,003
Mesquite Independent School District GO
Series B
4.00%, 08/15/19	(PSF)		165		174,941
5.00%, 08/15/19	(PSF)		10		10,812
North East Independent School District/TX GO Series A
5.00%, 08/01/19	(PSF)		320		345,539
North Texas Municipal Water District RB
5.00%, 06/01/19			440		472,373
North Texas Municipal Water District Water System Revenue RB
5.00%, 09/01/19			400		433,283
Northside Independent School District GO
4.00%, 08/15/19	(PSF)		100		106,025
5.00%, 08/15/19	(PSF)		650		702,773
Permanent University Fund – Texas A&M University System RB
5.00%, 07/01/19			135		145,345
Series A
5.00%, 07/01/19			460		495,250

218

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Round Rock Independent School District GO
5.00%, 08/01/19	(PSF)	$	100	$	107,981
Series A
5.00%, 08/01/19			175		188,967
Seguin Independent School District GO
5.00%, 08/15/19			125		134,990
Socorro Independent School District GO Series A
5.00%, 08/15/19	(PSF)		110		118,791
South San Antonio Independent School District/TX GO
5.00%, 08/15/19	(PSF)		100		107,992
State of Texas GO
5.00%, 08/01/19			60		64,853
Series B
5.00%, 08/01/19			535		578,276
Series C
5.00%, 08/01/19			180		194,715
Series C-1
5.00%, 08/01/19			100		108,089
Series E
4.50%, 08/01/19			335		358,651
Series F
5.00%, 08/01/19			100		108,175
Tarrant Regional Water District RB
5.00%, 09/01/19			265		287,467
6.00%, 09/01/19			100		110,458
Texas Water Development Board RB Subseries A-1
4.00%, 07/15/19			295		312,260
University of Texas System (The) RB
Series A
4.00%, 08/15/19			515		545,720
5.00%, 08/15/19			280		302,629
Series B
4.00%, 08/15/19			125		132,456
5.00%, 08/15/19			500		540,290
5.25%, 08/15/19			50		54,291
Series C
5.00%, 08/15/19			650		702,476
Series D
4.25%, 08/15/19			220		234,274
					15,657,472

Security		Principal (000s)		Value
UTAH — 1.24%
Intermountain Power Agency RB Series A
5.00%, 07/01/19		$	315	$	338,162
Metropolitan Water District of Salt Lake & Sandy RB Series A
5.00%, 07/01/19			110		118,498
State of Utah GO
5.00%, 07/01/19			100		107,787
Series A
5.00%, 07/01/19			1,315		1,417,399
Series C
5.00%, 07/01/19			115		123,955
University of Utah (The) RB Series A
5.00%, 08/01/19			150		161,938
Utah Transit Authority RB Series A
5.25%, 06/15/19			80		86,580
Series C
5.25%, 06/15/19	(AGM)		70		75,643
					2,429,962
VERMONT — 0.03%
State of Vermont GO Series F
5.00%, 08/15/19			50		54,117
					54,117
VIRGINIA — 2.95%
City of Alexandria VA GO Series A
4.50%, 06/15/19	(SAW)		50		53,310
City of Newport News VA GO Series B
5.00%, 07/01/19			250		269,468
City of Richmond VA GO
Series B
5.00%, 07/15/19			250		269,345
Series C
4.00%, 07/15/19	(SAW)		25		26,468
Commonwealth of Virginia GO
Series A
5.00%, 06/01/19			300		322,338

219

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series B
5.00%, 06/01/19		$	115	$	123,563
Series D
5.00%, 06/01/19			100		107,446
County of Arlington VA GO
Series A
4.00%, 08/01/19			100		105,988
5.00%, 08/01/19			225		243,101
Series C
4.00%, 08/15/19			75		79,568
County of Fairfax VA Sewer Revenue RB
5.00%, 07/15/19			120		129,463
Virginia Beach Development Authority RB Series B
5.00%, 07/15/19			100		107,886
Virginia College Building Authority RB
Series 2
5.00%, 09/01/19			250		270,857
Series A
5.00%, 09/01/19			75		81,257
Series B
5.00%, 09/01/19			570		617,555
Virginia Public Building Authority RB
Series 2013A
5.00%, 08/01/19			130		140,459
Series A
5.00%, 08/01/19			525		567,236
Series B
4.00%, 08/01/19			50		52,994
Series D
5.00%, 08/01/19			150		162,068
Virginia Public School Authority RB
Series A
5.00%, 08/01/19	(SAW)		425		459,011
Series B
4.00%, 08/01/19	(SAW)		225		238,426
5.00%, 08/01/19			200		216,048
Series C
4.00%, 08/01/19	(SAW)		335		354,989
5.00%, 08/01/19	(SAW)		580		626,539
Washington Suburban Sanitary Commission GO
5.00%, 06/01/19			150		161,193
					5,786,576

Security		Principal (000s)		Value
WASHINGTON — 5.48%
City of Seattle WA GOL
Series A
5.00%, 06/01/19		$	90	$	96,833
Series B
5.00%, 08/01/19			280		303,010
City of Seattle WA Municipal Light & Power Revenue RB
5.00%, 07/01/19			330		355,562
Series A
5.00%, 06/01/19			90		96,690
City of Seattle WA Water System Revenue RB Series B
4.50%, 08/01/19			85		90,964
County of King WA GOL Series B
5.00%, 06/01/19			290		311,382
County of King WA Sewer Revenue RB Series B
4.00%, 07/01/19			175		185,061
County of Pierce WA GOL Series A
5.00%, 08/01/19			75		80,840
Energy Northwest RB Series A
5.00%, 07/01/19			1,635		1,761,647
Pierce County School District No. 403 Bethel GO
5.00%, 06/01/19	(GTD)		455		488,279
Port of Seattle WA RB
Series A
5.25%, 07/01/19	(NPFGC)		145		156,317
Series B
5.00%, 06/01/19			395		423,472
State of Washington COP
4.00%, 07/01/19			100		105,423
Series A
5.00%, 07/01/19			95		102,103
Series B
5.00%, 07/01/19			100		107,477

220

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
State of Washington GO
4.00%, 07/01/19		$	650	$	687,505
5.00%, 07/01/19			1,095		1,179,818
Series 2010B
5.00%, 08/01/19			95		102,643
5.00%, 08/01/25	(PR 08/01/19)		350		378,462
Series 2010C
5.00%, 08/01/19			35		37,816
Series 2012-A
5.00%, 07/01/19			105		113,133
Series 2013A
5.00%, 08/01/19			75		81,034
Series A
5.00%, 08/01/19			560		605,052
Series B
5.00%, 07/01/19			520		560,279
Series B-2
5.00%, 08/01/19			300		324,135
Series D
5.00%, 07/01/19			100		107,746
Series R
5.00%, 07/01/19			580		624,926
Series R-2015
5.00%, 07/01/19			55		59,260
Series R-2015-C
5.00%, 07/01/19			280		301,689
Series R-2015-D
5.00%, 07/01/19			50		53,873
Series R-2017-A
4.00%, 08/01/19			230		243,772
State of Washington RB
5.00%, 09/01/19			415		448,632
Washington County School District No. 1 West Union GO
4.00%, 06/15/19	(GTD)		165		174,316
					10,749,151
WISCONSIN — 1.88%
City of Milwaukee WI Sewerage System Revenue RB
Series S-1
5.00%, 06/01/19			100		107,413
Series S-7
5.00%, 06/01/19			260		279,274

Security		Principal Shares (000s)		Value
State of Wisconsin Clean Water Fund Leveraged Loan Portfolio RB
Series 1
4.00%, 06/01/19	(ETM)	$	65	$	68,506
5.00%, 06/01/19	(ETM)		145		155,768
Series 2
5.00%, 06/01/19	(ETM)		350		375,991
Series 4
5.00%, 06/01/19	(ETM)		165		177,253
State of Wisconsin Environmental Improvement Fund Revenue RB Series A
5.00%, 06/01/19			500		537,760
State of Wisconsin RB Series 1
4.00%, 07/01/19			435		460,008
Wisconsin Department of Transportation RB
Series 1
4.00%, 07/01/19			140		148,135
5.00%, 07/01/19			355		382,644
Series 2
4.00%, 07/01/19			50		52,905
Series I
5.00%, 07/01/19	(NPFGC)		770		829,960
WPPI Energy RB Series A
5.00%, 07/01/19			105		112,678
					3,688,295
TOTAL MUNICIPAL BONDS & NOTES
(Cost: $193,966,452)					194,176,105
SHORT-TERM INVESTMENTS — 1.33%
MONEY MARKET FUNDS — 1.33%
BlackRock Liquidity Funds: MuniCash
0.70%a,b			2,619		2,619,700
					2,619,700
TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,619,687)					2,619,700

221

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2019 TERM MUNI BOND ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 100.25% (Cost: $196,586,139)c	$	196,795,805
Other Assets, Less Liabilities — (0.25)%		(496,721	)
NET ASSETS — 100.00%	$	196,299,084

COP  —  Certificates of Participation

ETM  —  Escrowed to Maturity

GO  —  General Obligation

GOL  —  General Obligation Limited

GTD  —  Guaranteed by the Commonwealth, County or State

MT  —  Mandatory Tender

PR  —  Prerefunded

PSF  —  Permanent School Fund

RB  —  Revenue Bond

SAP  —  Subject to Appropriations

SAW  —  State Aid Withholding

ST  —  Special Tax

Insured by:

AGC  —  Assured Guaranty Corp.

AGM  —  Assured Guaranty Municipal Corp.

AGM-CR  —  AGM Insured Custodial Receipts

AMBAC  —  Ambac Assurance Corp.

NPFGC  —  National Public Finance Guarantee Corp.

^a  Affiliated money market fund.

^b  The rate quoted is the annualized seven-day yield of the fund at period end.

^c  The cost of investments for federal income tax purposes was $196,586,153. Net unrealized appreciation was $209,652, of which $360,710 represented gross unrealized appreciation on securities and $151,058 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Municipal bonds & notes	$	—	$	194,176,105	$	—	$	194,176,105
Money market funds		2,619,700		—		—		2,619,700
Total	$	2,619,700	$	194,176,105	$	—	$	196,795,805

222

Schedule of Investments (Unaudited)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
MUNICIPAL BONDS & NOTES — 98.83%
ALABAMA — 0.92%
Alabama Federal Aid Highway Finance Authority RB
5.00%, 09/01/20		$	530	$	590,609
Alabama Public School & College Authority RB Series C
5.00%, 09/01/20			135		150,501
Auburn University RB
5.00%, 06/01/20			20		22,168
City of Huntsville AL GO
4.00%, 09/01/20			145		157,287
Series A
4.00%, 09/01/20			75		81,453
5.00%, 08/01/20			40		44,570
State of Alabama GO Series A
5.00%, 08/01/20			580		646,260
University of Alabama (The) RB Series A
5.00%, 07/01/20			95		105,615
					1,798,463
ALASKA — 0.38%
Alaska Municipal Bond Bank Authority RB Series Three
5.00%, 09/01/20	(MO)		25		27,717
Municipality of Anchorage AK GO
Series B
5.00%, 09/01/20			25		27,744
5.00%, 09/01/20	(NPFGC)		130		144,270
State of Alaska GO
Series A
4.00%, 08/01/20			370		399,300
5.00%, 08/01/20			25		27,733
Series B
5.00%, 08/01/20			110		122,024
					748,788
ARIZONA — 5.28%
Arizona Board of Regents COP
Series B
5.00%, 06/01/20			65		71,588

Security		Principal (000s)		Value
Series C
5.00%, 06/01/20		$	70	$	77,095
Arizona Board of Regents University RB Series B
4.00%, 06/01/20			115		124,209
Arizona School Facilities Board COP Series A
5.00%, 09/01/20			320		355,654
Arizona State University RB
Series A
5.00%, 07/01/20			50		55,587
Series C
5.00%, 07/01/20			85		94,498
Arizona Transportation Board RB
4.00%, 07/01/20			220		238,251
Series A
5.00%, 07/01/20			100		111,018
5.00%, 07/01/22	(PR 07/01/20)		1,485		1,652,805
5.00%, 07/01/23	(PR 07/01/20)		125		139,125
City of Chandler AZ Water & Sewer Revenue RB
4.00%, 07/01/20			80		86,562
City of Flagstaff AZ GOL Series B
5.00%, 07/01/20			35		38,856
City of Mesa AZ RB
5.00%, 07/01/20	(AGM)		25		27,739
City of Mesa AZ Utility System Revenue RB
5.00%, 07/01/20	(NPFGC)		75		83,240
City of Phoenix AZ GO
4.00%, 07/01/20			515		557,405
City of Phoenix AZ GOL Series C
4.00%, 07/01/20			150		162,351
City of Phoenix Civic Improvement Corp. RB
3.00%, 07/01/20			30		31,543
4.00%, 07/01/20			30		32,424
5.00%, 07/01/20			1,205		1,338,611
5.25%, 07/01/20	(NPFGC)		35		39,191

223

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series A
3.50%, 07/01/20		$	160	$	169,846
5.00%, 07/01/20			260		287,697
Series B
5.00%, 07/01/20			505		561,747
City of Scottsdale AZ GOL
5.00%, 07/01/20			55		61,250
City of Tempe AZ GO Series C
5.00%, 07/01/20			40		44,395
City of Tempe AZ GOL
Series B
4.00%, 07/01/20			160		172,878
5.00%, 07/01/20			170		188,678
Series C
4.00%, 07/01/20			55		59,427
City of Tucson AZ GOL Series A
4.00%, 07/01/20			45		48,567
County of Pima AZ RB
5.00%, 07/01/20			140		155,600
County of Pima AZ Sewer System Revenue RB
5.00%, 07/01/20			85		94,498
5.00%, 07/01/20	(AGM)		195		216,789
Series A
5.00%, 07/01/20			440		489,166
County of Pinal AZ RB
5.00%, 08/01/20			25		27,612
Maricopa County Community College District GO
5.00%, 07/01/20			635		706,355
Series D
4.00%, 07/01/20			520		563,139
Maricopa County High School District No. 210-Phoenix GO
5.25%, 07/01/20	(AGM)		140		156,453
Maricopa County Unified School District No. 48 Scottsdale GO
5.00%, 07/01/20			195		216,668
Pima County Regional Transportation Authority RB
5.00%, 06/01/20			50		55,434

Security		Principal (000s)		Value
Scottsdale Municipal Property Corp. RB
5.00%, 07/01/20		$	150	$	167,045
State of Arizona COP
5.00%, 09/01/20			300		333,624
State of Arizona Lottery Revenue RB Series A
5.00%, 07/01/20	(AGM)		80		88,764
Yavapai County Community College District GOL
3.00%, 07/01/20			150		157,532
					10,340,916
ARKANSAS — 0.14%
State of Arkansas GO
4.00%, 06/15/20			250		270,540
					270,540
CALIFORNIA — 13.29%
91 Express Lanes Toll Road RB
5.00%, 08/15/20			95		106,195
Acalanes Union High School District GO
4.00%, 08/01/20			50		54,345
Alameda Unified School District-Alameda County/CA GO Series A
0.00%, 08/01/20	(AGM)		200		190,770
California Educational Facilities Authority RB
5.25%, 09/01/20	(AMBAC)		85		95,861
California State Public Works Board RB
5.00%, 06/01/20			330		365,699
Series A
5.00%, 06/01/20			100		110,818
5.00%, 09/01/20			450		502,366
Series D
5.00%, 09/01/20			60		66,982
Series F
5.00%, 09/01/20			155		173,037
Series G
5.00%, 09/01/20			150		167,455

224

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Cerritos Community College District GO Series A
5.00%, 08/01/20		$	65	$	72,614
Chaffey Community College District GO Series A
5.00%, 06/01/20			95		105,523
City & County of San Francisco CA GO
5.00%, 06/15/20			50		55,700
Series R1
5.00%, 06/15/20			540		601,554
City of Burbank CA Electric Revenue RB Series A
5.00%, 06/01/20			145		161,062
City of Los Angeles CA GO
Series A
5.00%, 09/01/20			80		89,602
Series B
5.00%, 09/01/20			435		487,209
City of Los Angeles CA Wastewater System Revenue RB Series A
5.00%, 06/01/20			390		433,447
City of Pasadena CA Electric Revenue RB Series A
4.00%, 06/01/20			105		113,471
City of Santa Clara CA Electric Revenue RB Series A
5.00%, 07/01/20			25		27,755
Clovis Unified School District GO Series A
0.00%, 08/01/20	(NPFGC)		100		95,239
Coast Community College District GO
0.00%, 08/01/20	(NPFGC)		125		119,524
Series A
5.00%, 08/01/20			60		67,106
Contra Costa Community College District GO
5.00%, 08/01/20			50		55,857

Security		Principal (000s)		Value
Corona-Norco Unified School District GO Series C
0.00%, 08/01/20	(AGM)	$	40	$	38,131
Desert Community College District GO
5.00%, 08/01/20			25		27,929
East Bay Municipal Utility District Wastewater System Revenue RB Series A
5.00%, 06/01/20			20		22,202
East Bay Municipal Utility District Water System Revenue RB
Series A
5.00%, 06/01/20			150		166,653
Series B
4.00%, 06/01/20			140		151,533
5.00%, 06/01/20			505		561,065
East Side Union High School District GO
4.00%, 08/01/20			215		233,683
El Camino Community College District GO
5.00%, 08/01/20			50		55,857
Foothill-De Anza Community College District GO
4.00%, 08/01/20			30		32,579
5.25%, 08/01/20	(NPFGC)		105		118,230
Fremont Unified School District/Alameda County CA GO Series B
5.00%, 08/01/20			20		22,343
Garden Grove Unified School District GO Series A
0.00%, 08/01/20			25		23,846
Grossmont Union High School District GO
4.00%, 08/01/20			25		27,149
Huntington Beach Union High School District GO
5.00%, 08/01/20			130		145,228
Livermore-Amador Valley Water Management Agency RB
5.00%, 08/01/20			75		83,471

225

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security	Principal (000s)		Value
Long Beach Community College District GO Series B
4.00%, 08/01/20	$	25	$	27,149
Los Angeles Community College District/CA GO
Series A
5.00%, 08/01/20		235		262,756
Series C
5.00%, 08/01/20		65		72,677
Series F
5.00%, 08/01/20		280		313,071
Los Angeles County Metropolitan Transportation Authority RB
Series A
5.00%, 06/01/20		500		556,630
5.00%, 07/01/20		555		618,351
Series B
5.00%, 06/01/20		180		200,057
5.00%, 07/01/20		220		245,062
Series C
5.00%, 07/01/20		40		44,570
Los Angeles County Public Works Financing Authority RB
5.00%, 08/01/20		270		301,279
Los Angeles Department of Water & Power System Revenue RB
Series A
4.00%, 07/01/20		70		76,024
5.00%, 07/01/20		510		568,910
Series B
5.00%, 07/01/20		10		11,155
Series C
4.00%, 07/01/20		100		108,605
Series E
5.00%, 07/01/20		300		334,653
Los Angeles Department of Water RB
Series A
5.00%, 07/01/20		345		384,419
Series B
5.00%, 07/01/20		115		128,140

Security		Principal (000s)		Value
Los Angeles Unified School District/CA GO
Series A
4.00%, 07/01/20		$	280	$	303,747
5.00%, 07/01/20			550		612,843
Series A-1
5.00%, 07/01/20			60		66,856
Series A-2
4.00%, 07/01/20			50		54,241
Series C
5.00%, 07/01/20			1,050		1,169,973
Series KRY
4.00%, 07/01/20			50		54,241
Los Gatos Union School District/CA GO
4.00%, 08/01/20			45		48,868
Los Rios Community College District GO
5.00%, 08/01/20			75		83,738
Marin Community College District GO
4.00%, 08/01/20			150		162,987
Metropolitan Water District of Southern California RB
Series A
5.00%, 07/01/20			405		451,401
Series C
5.00%, 07/01/20			40		44,583
Series G
5.00%, 07/01/20			165		183,904
Milpitas Redevelopment Agency Successor Agency TA
5.00%, 09/01/20			250		278,267
Morgan Hill Redevelopment Agency Successor Agency TA Series A
5.00%, 09/01/20			100		111,869
Mount Diablo Unified School District/CA GO Series B
5.00%, 07/01/20			80		89,090
Newport Mesa Unified School District GO
0.00%, 08/01/20	(NPFGC)		85		81,276

226

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Oak Grove School District GO Series B-1
0.00%, 08/01/20		$	75	$	71,495
Ohlone Community College District GO
4.00%, 08/01/20			100		108,690
Palm Springs Unified School District GO
5.00%, 08/01/20			40		44,660
Poway Unified School District GO
5.00%, 08/01/20			110		122,815
Riverside County Flood Control & Water Conservation District RB
5.00%, 09/01/20			75		83,728
Riverside County Transportation Commission RB Series A
5.00%, 06/01/20			35		38,879
Roseville Joint Union High School District GO
4.00%, 08/01/20			100		108,753
Sacramento Municipal Utility District RB
Series B
5.00%, 08/15/20			225		251,514
Series K
5.90%, 07/01/20	(AMBAC)		110		125,428
Series X
5.00%, 08/15/20			215		240,336
Series Y
5.00%, 08/15/20			40		44,714
San Diego Community College District GO
5.00%, 08/01/20			170		190,024
San Diego Public Facilities Financing Authority RB Series A
5.00%, 09/01/20			110		122,947
San Diego Public Facilities Financing Authority Water Revenue RB Series A
5.00%, 08/01/20			35		39,100

Security		Principal (000s)		Value
San Diego Unified School District/CA GO Series R-3
5.00%, 07/01/20		$	105	$	117,062
San Francisco Bay Area Rapid Transit District GO Series C
5.00%, 08/01/20			140		156,446
San Francisco Bay Area Rapid Transit District RB Series A
4.00%, 07/01/20			185		200,518
San Francisco Unified School District GO Series E
5.00%, 06/15/20			250		278,412
San Gabriel Unified School District GO Series A
5.00%, 08/01/20			75		83,738
San Jose Evergreen Community College District GO Series A
0.00%, 09/01/20	(AMBAC)		205		195,371
San Jose Financing Authority RB Series A
5.00%, 06/01/20			100		110,737
San Mateo County Community College District GO
4.00%, 09/01/20			70		76,206
Series B
0.00%, 09/01/20	(NPFGC)		415		396,379
San Mateo Union High School District GO Series A
5.00%, 09/01/20			385		431,208
San Ramon Valley Unified School District/CA GO
4.00%, 08/01/20			240		261,161
Santa Clara Unified School District GO
5.00%, 07/01/20			50		55,713
Santa Monica Community College District GO
5.00%, 08/01/20			125		139,642

227

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Sequoia Union High School District GO
4.00%, 07/01/20		$	50	$	54,241
Sonoma County Junior College District GO
4.00%, 08/01/20			110		119,559
Sonoma Valley Unified School District GO Series B
5.00%, 08/01/20			245		273,542
South Orange County Public Financing Authority ST Series A
5.00%, 08/15/20			75		82,087
Southern California Public Power Authority RB
4.00%, 07/01/20			135		146,449
5.00%, 07/01/20			490		545,987
Series A
5.00%, 07/01/20			420		467,989
State of California GO
4.00%, 09/01/20			630		684,614
5.00%, 08/01/20			1,390		1,549,684
5.00%, 09/01/20			2,055		2,296,873
Series B
5.00%, 09/01/20			900		1,005,930
Tamalpais Union High School District GO
5.00%, 08/01/20			30		33,514
Ventura County Community College District GO
4.00%, 08/01/20			125		135,863
5.00%, 08/01/20			65		72,614
Whittier Union High School District GO Series C
4.00%, 08/01/20			110		119,559
William S Hart Union High School District GO
4.00%, 09/01/20			100		108,865
Yosemite Community College District GO
0.00%, 08/01/20	(AGM)		165		157,385
					26,030,913

Security		Principal (000s)		Value
COLORADO — 0.43%
City & County of Denver CO GO Series D
5.00%, 08/01/20	(ETM)	$	20	$	22,314
E-470 Public Highway Authority RB
Series A
5.00%, 09/01/20			100		110,387
Series B
0.00%, 09/01/20	(NPFGC)		50		47,219
Regional Transportation District COP Series A
5.00%, 06/01/20			160		176,677
University of Colorado RB
Series A
5.00%, 06/01/20			185		205,219
Series B
5.00%, 06/01/20			245		271,776
					833,592
CONNECTICUT — 1.08%
State of Connecticut Clean Water Fund – State Revolving Fund RB Series B
5.00%, 07/01/20			170		189,103
State of Connecticut GO
Series B
5.25%, 06/01/20	(AMBAC)		220		242,403
Series C
5.00%, 06/01/20			285		311,032
Series D
5.00%, 06/15/20			155		169,333
Series E
5.00%, 08/15/20			100		109,704
5.00%, 09/01/20			200		219,646
State of Connecticut Special Tax Revenue RB
Series A
5.00%, 08/01/20			220		242,361
5.00%, 09/01/20			105		115,918
Series B
5.00%, 09/01/20			335		369,833
Town of Darien CT GO
4.00%, 08/01/20			40		43,425

228

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
University of Connecticut RB Series A
5.00%, 08/15/20		$	95	$	105,159
					2,117,917
DELAWARE — 0.71%
County of New Castle DE GO
Series A
5.00%, 07/15/20			125		139,331
Series B
5.00%, 07/15/20			130		144,905
Delaware Transportation Authority RB
5.00%, 07/01/20			415		461,895
5.00%, 09/01/20			60		66,889
Series 2014
5.00%, 07/01/20			175		194,775
State of Delaware GO
5.00%, 07/01/20			95		105,764
Series A
4.00%, 08/01/20			150		162,893
5.00%, 07/01/20			100		111,331
					1,387,783
DISTRICT OF COLUMBIA — 0.68%
District of Columbia GO
Series A
5.00%, 06/01/20			265		293,882
Series B
5.25%, 06/01/20	((AGM-CR, SGI))		305		340,423
5.25%, 06/01/20	(SGI)		240		267,874
Series D
5.00%, 06/01/20			200		221,798
Series E
5.00%, 06/01/20			185		205,163
					1,329,140
FLORIDA — 6.39%
County of Hillsborough FL RB
5.00%, 08/01/20			165		183,991
County of Miami-Dade FL GO
4.00%, 07/01/20			65		70,252
Series B
5.00%, 07/01/20			130		144,323
County of Miami-Dade FL Transit System RB
5.00%, 07/01/20			355		393,117

Security	Principal (000s)		Value
County of Palm Beach FL GO
5.00%, 07/01/20	$	110	$	122,430
5.00%, 08/01/20		200		223,170
County of Palm Beach FL RB
4.00%, 06/01/20		90		97,234
5.00%, 06/01/20		155		171,893
Florida Department of Environmental Protection RB
5.00%, 07/01/20		785		872,229
Series A
5.00%, 07/01/20		75		83,334
Series B
5.00%, 07/01/20		190		211,113
Florida Water Pollution Control Financing Corp. RB Series A
5.00%, 07/15/20		330		366,980
Florida’s Turnpike Enterprise RB
Series A
5.00%, 07/01/20		480		533,937
Series B
5.00%, 07/01/20		370		411,577
Series C
5.00%, 07/01/20		25		27,809
Hillsborough County School Board COP Series A
5.00%, 07/01/20		75		83,240
Lee County School Board COP
5.00%, 08/01/20		50		55,535
Leon County School District RB
5.00%, 09/01/20		325		361,137
Miami-Dade County Expressway Authority RB Series A
5.00%, 07/01/20		390		430,415
Orange County School Board COP Series D
5.00%, 08/01/20		370		411,433
Orlando-Orange County Expressway Authority RB
5.00%, 07/01/20		280		309,627
Series B
5.00%, 07/01/20		195		215,633

229

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security	Principal (000s)		Value
Palm Beach County School District COP
Series A
5.00%, 08/01/20	$	200	$	221,948
Series B
5.00%, 08/01/20		145		160,912
Series C
5.00%, 08/01/20		190		210,851
Series D
5.00%, 08/01/20		65		72,133
Pasco County School Board COP
5.00%, 08/01/20		200		220,882
Series A
5.00%, 08/01/20		75		82,831
Reedy Creek Improvement District GOL
Series A
5.00%, 06/01/20		245		270,659
Series B
4.00%, 06/01/20		50		53,810
School District of Broward County/FL COP
Series A
5.00%, 07/01/20		155		171,595
Series B
5.00%, 07/01/20		420		464,965
Seminole County School Board COP Series A
5.00%, 07/01/20		50		55,290
St. Johns County School Board COP
5.00%, 07/01/20		45		49,916
State of Florida Department of Transportation RB
5.00%, 07/01/20		60		66,573
State of Florida GO
5.00%, 07/01/20		545		606,242
Series A
5.00%, 06/01/20		1,090		1,209,464
5.00%, 07/01/20		30		33,371
Series B
5.00%, 06/01/20		595		660,212
Series C
5.00%, 06/01/20		175		194,180

Security		Principal (000s)		Value
Series D
5.00%, 06/01/20		$	515	$	571,444
State of Florida Lottery Revenue RB
Series A
5.00%, 07/01/20			375		416,554
Series E
5.00%, 07/01/20			475		527,635
Series F
5.00%, 07/01/20			315		349,905
Volusia County School Board COP Series B
5.00%, 08/01/20			50		55,487
					12,507,268
GEORGIA — 1.88%
Gwinnett County School District GO
5.00%, 08/01/20	(SAW)		250		278,962
Gwinnett County Water & Sewerage Authority RB
5.00%, 08/01/20	(GTD)		210		234,329
Henry County School District GO
5.00%, 08/01/20	(SAW)		35		39,029
Metropolitan Atlanta Rapid Transit Authority RB
Series A
5.00%, 07/01/20			350		389,109
5.00%, 07/01/20	(NPFGC)		165		183,437
State of Georgia GO
Series E-1
4.00%, 07/01/20			290		314,235
Series E-2
5.00%, 09/01/20			220		246,112
Series I
5.00%, 07/01/20			1,790		1,992,270
					3,677,483
HAWAII — 1.06%
City & County of Honolulu HI GO
Series A
4.00%, 08/01/20			95		102,973
4.00%, 08/01/20	(ETM)		30		32,517
Series B
5.00%, 08/01/20			200		223,020

230

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
City & County of Honolulu HI Wastewater System Revenue RB Series 2012B
5.00%, 07/01/20		$	210	$	233,400
County of Maui HI GO
5.00%, 09/01/20			210		234,600
State of Hawaii GO
Series EH
5.00%, 08/01/20			485		540,508
Series EO
4.00%, 08/01/20			215		233,114
5.00%, 08/01/20			105		117,017
Series EP
5.00%, 08/01/20			315		351,052
					2,068,201
ILLINOIS — 1.11%
Metropolitan Pier & Exposition Authority RB Series A
0.00%, 06/15/20	(NPFGC)		180		164,455
Regional Transportation Authority RB
Series A
5.50%, 07/01/20	(NPFGC)		40		44,481
6.00%, 07/01/20	(NPFGC)		60		67,540
State of Illinois GO
0.00%, 08/01/20			100		87,810
4.00%, 09/01/20			175		176,230
5.00%, 07/01/20			500		518,455
5.00%, 08/01/20			195		202,322
5.00%, 08/01/20	(AGM)		50		53,479
State of Illinois RB
4.00%, 06/15/20			135		142,572
5.00%, 06/15/20			665		721,293
					2,178,637
INDIANA — 0.82%
Ball State University RB Series R
5.00%, 07/01/20			275		305,126
Indiana Finance Authority RB
5.25%, 07/01/20			115		127,795
Series I
5.00%, 07/01/20			25		27,521
Indiana University RB
Series A
5.00%, 06/01/20			300		333,246

Security	Principal (000s)		Value
Series U
5.00%, 08/01/20	$	65	$	72,481
Series V-1
5.00%, 08/01/20		45		50,180
Series W-2
5.00%, 08/01/20		115		128,385
Indianapolis Local Public Improvement Bond Bank RB
Series D
5.00%, 06/01/20		50		54,887
Series K
5.00%, 06/01/20		190		208,694
Purdue University RB
Series A
5.00%, 07/01/20		35		38,977
Series AA
4.00%, 07/01/20		50		54,101
Series Y
5.00%, 07/01/20		85		94,659
Series Z-1
5.00%, 07/01/20		95		105,795
				1,601,847
IOWA — 0.96%
City of Cedar Rapids IA GO Series A
5.00%, 06/01/20		395		437,889
City of Des Moines IA GO Series A
5.00%, 06/01/20		360		399,125
Iowa City Community School District RB
5.00%, 06/01/20		75		82,507
Iowa Finance Authority RB
5.00%, 08/01/20		385		428,983
Series A
5.00%, 08/01/20		280		311,987
State of Iowa RB
4.00%, 06/15/20		65		70,264
5.00%, 06/15/20		130		144,296
				1,875,051
KANSAS — 1.05%
City of Topeka KS GO Series A
5.00%, 08/15/20		50		55,769

231

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
City of Wichita KS GO
Series 811
5.00%, 06/01/20		$	105	$	116,444
Series A
4.00%, 09/01/20			30		32,536
Johnson County Unified School District No. 232 De Soto GO
Series A
5.00%, 09/01/20			175		195,093
Series B
5.00%, 09/01/20			150		167,223
Kansas Turnpike Authority RB Series A
5.00%, 09/01/20			25		27,854
State of Kansas Department of Transportation RB
Series A
3.13%, 09/01/20			10		10,589
Series B
5.00%, 09/01/20			775		866,473
Series C
5.00%, 09/01/20			440		492,224
Wyandotte County Unified School District No. 500 Kansas City GO
5.25%, 09/01/20	(AGM)		75		84,259
					2,048,464
KENTUCKY — 0.18%
Kentucky State Property & Building Commission RB
4.00%, 08/01/20			60		64,290
5.00%, 08/01/20			55		60,582
5.50%, 08/01/20	(AMBAC)		10		11,165
Kentucky Turnpike Authority RB Series A
5.00%, 07/01/20			205		226,881
					362,918
LOUISIANA — 0.47%
Louisiana State Citizens Property Insurance Corp. RB
5.00%, 06/01/20			105		115,015
St. Tammany Parish Sales Tax District No. 3 RB
4.00%, 06/01/20			105		112,709

Security	Principal (000s)		Value
State of Louisiana GO
Series A
5.00%, 08/01/20	$	250	$	277,087
5.00%, 09/01/20		100		111,087
Series C
4.00%, 07/15/20		60		64,639
5.00%, 07/15/20		85		94,095
5.00%, 08/01/20		50		55,418
State of Louisiana RB Series A
5.00%, 06/15/20		80		88,428
				918,478
MAINE — 0.19%
Maine Municipal Bond Bank RB Series A
5.00%, 09/01/20		85		94,061
Maine Turnpike Authority RB
5.00%, 07/01/20		115		127,850
State of Maine GO Series B
4.00%, 06/01/20		135		145,973
				367,884
MARYLAND — 5.21%
City of Baltimore MD RB Series D
5.00%, 07/01/20		575		639,072
City of Frederick MD GO
5.00%, 09/01/20		400		447,388
County of Baltimore MD GO
5.00%, 08/01/20		845		942,893
County of Frederick MD GO
4.00%, 08/01/20		25		27,125
County of Montgomery MD GO
Series A
5.00%, 07/01/20		780		868,140
5.00%, 08/01/20		200		223,170
County of Prince George’s MD GOL
Series A
5.00%, 09/01/20		250		279,673
Series B
4.00%, 07/15/20		420		455,507
Maryland State Transportation Authority RB Series A
5.00%, 07/01/20		190		210,934

232

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
State of Maryland Department of Transportation RB
5.00%, 06/01/20		$	95	$	105,403
State of Maryland GO Second Series E
4.50%, 08/01/20			1,130		1,243,475
Series A
5.00%, 08/01/20			355		396,127
Series B
5.00%, 08/01/20			965		1,076,795
Series C
5.00%, 08/01/20			1,315		1,467,343
5.25%, 08/01/20			750		842,557
Washington Suburban Sanitary Commission GO
5.00%, 06/01/20			780		865,885
Series A
4.00%, 06/01/20			110		118,864
					10,210,351
MASSACHUSETTS — 7.34%
Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue RB Series A
5.00%, 06/15/20			160		177,941
Commonwealth of Massachusetts GO Series A
5.25%, 08/01/20	(AMBAC)		565		633,749
Commonwealth of Massachusetts GOL
Series A
5.25%, 08/01/20			305		342,112
5.25%, 08/01/20	(AGM)		375		420,630
Series B
3.00%, 08/01/20			100		105,374
4.00%, 08/01/20			50		54,197
4.00%, 06/01/28	(PR 06/01/20)		350		378,032
5.00%, 08/01/20			800		891,304
5.00%, 06/01/25	(PR 06/01/20)		2,215		2,459,802
5.25%, 08/01/20			895		1,003,904
5.25%, 09/01/20	(AGM)		160		179,930
Series C
5.00%, 08/01/20			580		646,195
Series D
1.05%, 08/01/43	(MT 07/01/20)		700		689,668
5.50%, 08/01/20			20		22,585

Security		Principal (000s)		Value
Series E
5.00%, 09/01/20		$	445	$	496,980
Massachusetts Bay Transportation Authority RB
Series A
5.00%, 07/01/20			620		689,669
5.25%, 07/01/20			315		352,517
Series B
5.25%, 07/01/20			625		699,437
Series C
5.00%, 07/01/20			565		628,133
5.50%, 07/01/20			55		61,955
Massachusetts Clean Water Trust (The) RB
5.00%, 08/01/20			490		546,671
5.25%, 08/01/20			90		101,048
Series 15A
5.00%, 08/01/20			100		111,521
Massachusetts Port Authority RB Series C
5.00%, 07/01/20			45		50,014
Massachusetts School Building Authority RB
Series B
4.00%, 08/15/20			220		238,874
5.00%, 08/15/20			420		468,875
Series C
5.00%, 08/15/20			350		390,729
Massachusetts Water Resources Authority RB
Series A
4.00%, 08/01/20	(ETM)		35		37,938
5.00%, 08/01/40	(PR 08/01/20)		600		670,032
Series J
5.50%, 08/01/20	(AGM)		725		819,395
					14,369,211
MICHIGAN — 0.11%
Michigan State University RB Series A
5.00%, 08/15/20			195		217,563
					217,563
MINNESOTA — 2.14%
Metropolitan Council GO
Series D
5.00%, 09/01/20			125		139,836

233

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series E
5.00%, 09/01/20		$	250	$	279,673
State of Minnesota GO
5.00%, 08/01/20			315		351,187
5.00%, 08/01/20	(ETM)		5		5,577
Series A
5.00%, 08/01/20			355		395,820
Series B
4.00%, 08/01/20			225		244,053
5.00%, 08/01/20			1,075		1,198,496
Series D
5.00%, 08/01/20			930		1,036,913
State of Minnesota RB Series A
5.00%, 06/01/20			285		316,062
University of Minnesota RB
4.00%, 08/01/20			125		135,531
5.00%, 08/01/20			80		89,156
					4,192,304
MISSOURI — 0.10%
Missouri State Environmental Improvement & Energy Resources Authority RB
5.00%, 07/01/20			185		205,905
					205,905
MONTANA — 0.07%
Montana Department of Transportation RB
3.00%, 06/01/20			20		20,841
State of Montana GO
5.00%, 08/01/20			100		111,585
					132,426
NEBRASKA — 0.43%
City of Lincoln NE Electric System Revenue RB Series A
5.00%, 09/01/20			205		229,217
Douglas County School District No. 17/NE GO
4.00%, 06/15/20			100		108,069
Nebraska Public Power District RB
5.00%, 07/01/20			400		443,948
University of Nebraska RB
5.00%, 07/01/20			50		55,493
					836,727

Security	Principal (000s)		Value
NEVADA — 2.01%
City of Las Vegas NV GOL
5.00%, 09/01/20	$	50	$	55,719
Clark County School District GOL
Series A
5.00%, 06/15/20		170		188,005
Series B
5.00%, 06/15/20		1,180		1,304,974
County of Clark Department of Aviation RB
5.00%, 07/01/20		70		77,211
Series C
5.00%, 07/01/20		60		66,442
County of Clark NV RB
5.00%, 07/01/20		310		344,352
Series B
5.00%, 07/01/20		95		105,348
Las Vegas Valley Water District GOL Series B
5.00%, 06/01/20		35		38,763
Nevada System of Higher Education RB
Series A
5.00%, 07/01/20		280		310,500
Series B
4.00%, 07/01/20		65		70,172
State of Nevada GOL
5.00%, 06/01/20		325		360,142
5.00%, 08/01/20		455		506,633
Series C
5.00%, 06/01/20		305		337,980
5.00%, 08/01/20		95		105,781
Washoe County School District/NV GOL Series F
5.00%, 06/01/20		50		55,323
				3,927,345
NEW HAMPSHIRE — 0.72%
New Hampshire Health and Education Facilities Authority Act RB
5.00%, 07/01/20		115		127,598
New Hampshire Municipal Bond Bank RB
Series A
5.00%, 08/15/20		325		362,183

234

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series B
5.00%, 08/15/20		$	50	$	55,835
Series C
5.25%, 08/15/20			175		196,759
State of New Hampshire GO
Series A
3.50%, 07/01/20			140		149,341
5.00%, 07/01/20			100		111,081
Series B
5.00%, 06/01/20			160		177,277
State of New Hampshire RB
5.00%, 09/01/20			210		232,661
					1,412,735
NEW JERSEY — 1.89%
New Jersey Building Authority RB
Series A
3.00%, 06/15/20			20		19,974
3.00%, 06/15/20	(ETM)		5		5,254
New Jersey Economic Development Authority RB
5.00%, 06/15/20			30		32,067
5.00%, 09/01/20			85		89,905
5.00%, 09/01/20	(ETM)		230		256,995
Series EE
4.50%, 09/01/20			65		67,777
Series XX
5.00%, 06/15/20			320		337,734
New Jersey Educational Facilities Authority RB
5.00%, 09/01/20			30		31,731
Series A
5.00%, 07/01/20			25		27,825
New Jersey Transportation Trust Fund Authority RB
Series A
4.00%, 06/15/20			75		77,168
5.00%, 06/15/20			175		184,980
5.00%, 06/15/20	(SAP)		40		42,281
Series A-1
5.00%, 06/15/20			450		480,807
Series AA
5.00%, 06/15/20			310		327,679
5.00%, 06/15/20	(SAP)		95		100,418

Security	Principal (000s)		Value
Series B
5.00%, 06/15/20	$	310	$	327,679
State of New Jersey GO
5.00%, 06/01/20		340		369,301
Series Q
4.00%, 08/15/20		200		212,228
5.00%, 08/15/20		650		709,345
				3,701,148
NEW MEXICO — 1.11%
New Mexico Finance Authority RB
4.00%, 06/15/20		185		200,030
Series A
5.00%, 06/15/20		35		38,784
Series B
5.00%, 06/15/20		430		477,661
Series D
5.00%, 06/01/20		300		332,697
State of New Mexico Severance Tax Permanent Fund RB
Series A
5.00%, 07/01/20		525		583,175
Series B
4.00%, 07/01/20		500		539,646
				2,171,993
NEW YORK — 8.75%
Brooklyn Arena Local Development Corp. RB Series A
5.00%, 07/15/20		100		109,377
City of New York NY GO
Series A
5.00%, 08/01/20		585		651,075
Series B
0.00%, 06/01/20		70		67,230
3.00%, 08/01/20		180		189,468
4.00%, 08/01/20		270		292,348
5.00%, 08/01/20		1,360		1,513,612
Series C
3.00%, 08/01/20		25		26,315
5.00%, 08/01/20		610		678,900
Series D
5.00%, 08/01/20		470		523,086
Series E
4.00%, 08/01/20		270		292,348
5.00%, 08/01/20		500		556,475

235

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series F
4.00%, 08/01/20		$	170	$	184,071
5.00%, 08/01/20			410		456,309
Series G
5.00%, 08/01/20			310		345,014
Series H
5.00%, 08/01/20			435		484,133
Series H-2
5.00%, 06/01/20			185		204,863
Series I
5.00%, 08/01/20			355		395,097
Series I-1
5.00%, 08/01/20			160		178,072
Series J
5.00%, 08/01/20			1,510		1,680,554
Series J7
5.00%, 08/01/20			150		166,943
Series K
5.00%, 08/01/20			175		194,766
County of Orange NY GOL Series B
4.00%, 07/01/20			35		37,592
East Islip Union Free School District GO Series A
5.00%, 06/15/20	(SAW)		175		194,019
Long Island Power Authority RB
0.00%, 06/01/20	(AGM)		100		95,445
New York City Transitional Finance Authority Building Aid Revenue RB
Series S-1
4.00%, 07/15/20	(SAW)		255		275,760
5.00%, 07/15/20	(SAW)		615		684,145
Series S-1A
3.00%, 07/15/20	(SAW)		45		47,325
5.00%, 07/15/20	(SAW)		150		166,865
Series S-2
4.00%, 07/15/20	(SAW)		200		216,282
New York City Transitional Finance Authority Future Tax Secured Revenue RB
Series A-1
5.00%, 08/01/20			230		256,422

Security		Principal (000s)		Value
Series B
5.00%, 08/01/20		$	95	$	105,914
5.00%, 08/01/20	(ETM)		85		94,866
New York City Water & Sewer System RB
Series D
0.00%, 06/15/20			220		211,037
Series EE
4.00%, 06/15/20			25		27,039
Series FF
5.00%, 06/15/20			260		288,899
Series GG
4.00%, 06/15/20			310		335,280
5.00%, 06/15/20			225		250,009
New York State Dormitory Authority RB
5.00%, 07/01/20	(SAP)		510		565,233
Series A
4.00%, 07/01/20			25		27,051
4.13%, 07/01/20			210		227,285
5.00%, 07/01/20			900		999,803
5.50%, 07/01/20	(NPFGC)		195		219,718
Series C
5.00%, 06/15/20			105		116,541
New York State Environmental Facilities Corp. RB
4.00%, 06/15/20			180		194,897
5.00%, 06/15/20			960		1,068,134
Series A
3.50%, 06/15/20			110		117,509
5.00%, 06/15/20			260		289,287
5.00%, 08/15/20			165		184,551
Series B
5.00%, 08/15/20			120		134,219
Port Authority of New York & New Jersey RB
3.00%, 07/15/20			75		78,986
Series 180
5.00%, 06/01/20			310		344,447
Suffolk County Water Authority RB
5.00%, 06/01/20	(ETM)		20		22,206
Town of Hempstead NY GOL
5.00%, 08/15/20			65		72,553
					17,139,375

236

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security	Principal (000s)		Value
NORTH CAROLINA — 2.76%
City of Charlotte NC Airport Revenue RB Series A
5.00%, 07/01/20	$	225	$	249,721
City of Charlotte NC GO
Series A
5.00%, 07/01/20		410		456,330
Series C
5.00%, 06/01/20		25		27,753
City of Charlotte NC Water & Sewer System Revenue RB
5.00%, 07/01/20		65		72,345
Series B
5.00%, 07/01/20		90		100,170
City of Durham NC GO
5.00%, 09/01/20		215		240,518
City of Raleigh NC GO Series A
5.00%, 09/01/20		225		251,705
City of Winston-Salem NC GO Series 2010B
4.00%, 06/01/20		50		54,074
City of Winston-Salem NC Water & Sewer System Revenue RB Series A
5.00%, 06/01/20		50		55,460
County of Buncombe NC RB Series A
5.00%, 06/01/20		205		227,031
County of Forsyth NC GO Series E
4.00%, 07/01/20		210		227,550
County of Guilford NC GO Series D
5.00%, 08/01/20		300		334,755
County of Mecklenburg NC GO Series A
5.00%, 09/01/20		725		811,050
County of New Hanover NC GO Series A
5.00%, 06/01/20		25		27,753
County of Onslow NC RB
5.00%, 06/01/20		60		66,242

Security	Principal (000s)		Value
County of Wake NC GO
5.00%, 09/01/20	$	80	$	89,495
State of North Carolina GO
5.00%, 06/01/20		500		555,055
Series 2013-D
4.00%, 06/01/20		585		632,666
Series A
5.00%, 06/01/20		50		55,505
Series B
5.00%, 06/01/20		465		516,201
State of North Carolina RB Series B
5.00%, 06/01/20		315		349,332
				5,400,711
OHIO — 2.72%
City of Columbus OH GO
Series 1
4.00%, 07/01/20		85		92,052
5.00%, 07/01/20		285		317,025
Series A
5.00%, 07/01/20		120		133,484
5.00%, 08/15/20		260		290,298
City of Columbus OH GOL
4.00%, 08/15/20		225		244,120
5.00%, 08/15/20		50		55,827
Cleveland State University RB
5.00%, 06/01/20		125		137,859
Miami University/Oxford OH RB
5.00%, 09/01/20		215		239,736
Ohio State University (The) RB
Series A
4.00%, 06/01/20		90		97,207
5.00%, 06/01/20		185		205,502
Series B
5.00%, 06/01/20		95		105,528
Ohio State Water Development Authority RB
5.00%, 06/01/20		335		372,125
Series A
5.00%, 06/01/20		260		288,813
Ohio Water Development Authority RB Series C
5.00%, 06/01/20		70		77,800

237

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security	Principal (000s)		Value
State of Ohio Department of Administration COP
5.00%, 09/01/20	$	100	$	111,251
State of Ohio GO
5.00%, 08/01/20		60		66,906
Series A
5.00%, 09/01/20		415		464,253
Series B
4.00%, 08/01/20		180		195,280
5.00%, 06/15/20		200		222,180
5.00%, 08/01/20		520		579,852
5.00%, 09/01/20		100		111,780
Series C
5.00%, 08/01/20		770		858,523
University of Cincinnati RB Series A
5.00%, 06/01/20		60		66,448
				5,333,849
OKLAHOMA — 0.43%
Grand River Dam Authority RB
Series A
4.00%, 06/01/20		25		26,950
5.00%, 06/01/20		210		232,378
Oklahoma Capital Improvement Authority RB
Series A
5.00%, 07/01/20		255		282,777
Series B
3.00%, 07/01/20		100		104,358
Oklahoma City Water Utilities Trust RB
4.00%, 07/01/20		165		178,586
Tulsa County Industrial Authority RB
4.00%, 09/01/20		20		21,518
				846,567
OREGON — 1.41%
City of Portland OR Sewer System Revenue RB
Series A
5.00%, 06/01/20		130		144,446
5.00%, 08/01/20		365		406,891
City of Tigard OR Water Revenue RB
4.00%, 08/01/20		110		119,268

Security		Principal (000s)		Value
Clackamas County School District No. 12 North Clackamas GO
5.00%, 06/15/20	(GTD)	$	100	$	111,028
Deschutes County Administrative School District No. 1 Bend-La Pine GO
5.00%, 06/15/20	(GTD)		55		61,116
Metro/OR GO
5.00%, 06/01/20			280		310,573
Series A
5.00%, 06/01/20			160		177,470
Portland Community College District GO
5.00%, 06/15/20			370		411,144
State of Oregon GO
Series A
4.00%, 08/01/20			215		233,137
Series C
5.00%, 06/01/20			325		360,487
Series N
5.00%, 08/01/20			35		39,021
Washington & Multnomah Counties School District No. 48J Beaverton GO
4.00%, 06/15/20	(GTD)		35		37,835
Series B
4.00%, 06/15/20	(GTD)		75		81,074
Washington Clackamas & Yamhill Counties School District No. 88J GO
5.00%, 06/15/20	(GTD)		235		261,132
					2,754,622
PENNSYLVANIA — 1.57%
City of Philadelphia PA GO Series A
5.00%, 07/15/20			110		121,049
City of Philadelphia PA Water & Wastewater Revenue RB Series A
5.00%, 07/01/20			150		165,825
Commonwealth of Pennsylvania GO
First Series
5.00%, 06/01/20			225		248,224
5.00%, 07/01/20			210		232,220
Second Series
5.00%, 07/01/20			500		552,905

238

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series T
5.00%, 07/01/20		$	170	$	187,988
County of Butler PA GO
5.00%, 07/15/20			150		166,200
County of Chester PA GO
5.00%, 07/15/20			650		723,287
Delaware County Authority RB
5.00%, 08/01/20			230		254,870
Delaware River Joint Toll Bridge Commission RB
5.00%, 07/01/20			20		22,179
Pennsylvania Higher Educational Facilities Authority RB Series AL
5.00%, 06/15/20			50		55,342
Pennsylvania Intergovernmental Cooperation Authority ST
5.00%, 06/15/20			135		149,762
Pennsylvania Turnpike Commission RB Series A
5.25%, 07/15/20	(AGM)		25		27,816
Pittsburgh Water & Sewer Authority RB Series A
5.00%, 09/01/20	(AGM)		145		161,587
					3,069,254
RHODE ISLAND — 0.58%
Rhode Island Commerce Corp. RB
5.00%, 06/15/20			150		165,063
Rhode Island Health & Educational Building Corp. RB Series A
4.50%, 09/01/20			210		231,483
State of Rhode Island GO
5.00%, 08/01/20			400		445,392
Series D
5.00%, 08/01/20			160		178,003
Series SE
5.00%, 08/01/20			100		111,252
					1,131,193
SOUTH CAROLINA — 0.14%
State of South Carolina GO
Series A
5.00%, 06/01/20			100		111,011
5.00%, 07/01/20			140		155,820
					266,831

Security		Principal (000s)		Value
TENNESSEE — 1.58%
City of Memphis TN GO Series D
4.00%, 07/01/20		$	50	$	54,009
County of Knox TN GO
5.00%, 06/01/20			225		249,430
County of Sumner TN GO
5.00%, 06/01/20			145		160,804
Metropolitan Government of Nashville & Davidson County TN GO
5.00%, 07/01/20			350		389,109
Series A
4.00%, 07/01/20			195		210,996
5.00%, 07/01/20			240		266,969
Series C
5.00%, 07/01/20			75		83,428
Series D
4.00%, 07/01/20			250		270,507
5.00%, 07/01/20			255		283,654
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue RB
5.00%, 07/01/20			220		243,210
Series A
4.00%, 07/01/20			125		134,601
State of Tennessee GO
Series A
5.00%, 08/01/20			435		485,395
5.00%, 09/01/20			40		44,748
Series B
5.00%, 08/01/20			200		223,170
					3,100,030
TEXAS — 6.81%
Austin Community College District GOL
5.00%, 08/01/20			45		50,005
Austin Independent School District GO
Series A
4.50%, 08/01/20	(PSF)		200		220,008
5.00%, 08/01/20			225		250,909
5.00%, 08/01/20	(PSF)		65		72,485

239

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series B
5.00%, 08/01/20		$	100	$	111,515
Central Texas Turnpike System RB
0.00%, 08/15/20	(ETM) (AMBAC)		15		14,342
Series A
0.00%, 08/15/20	(AMBAC)		230		218,649
City of Arlington TX GOL
5.00%, 08/15/20			90		100,326
City of Austin TX GOL
5.00%, 09/01/20			580		649,080
Series A
4.00%, 09/01/20			30		32,643
City of Beaumont TX Waterworks & Sewer System Revenue RB
5.00%, 09/01/20			35		38,827
Series A
5.00%, 09/01/20	(AGM)		50		55,467
City of Brownsville TX Utilities System Revenue RB Series A
5.00%, 09/01/20			100		110,934
City of Corpus Christi TX Utility System Revenue RB
4.50%, 07/15/20			95		103,908
City of El Paso TX GOL Series A
5.00%, 08/15/20			190		211,489
City of Houston TX RB
5.00%, 09/01/20			150		166,007
City of Irving TX Waterworks & Sewer System Revenue RB
4.50%, 08/15/20			260		285,691
City of Plano TX GOL Series 2013
5.00%, 09/01/20			50		55,808
City of Round Rock TX GOL
4.00%, 08/15/20			85		91,965
County of Bexar TX GOL
5.00%, 06/15/20			200		221,624
County of Denton TX GOL
5.00%, 07/15/20			180		200,299
Dallas Independent School District GO
5.00%, 08/15/20	(PSF)		180		200,623

Security		Principal (000s)		Value
Del Mar College District GOL
5.00%, 08/15/20		$	20	$	22,178
Denton Independent School District GO Series C
5.00%, 08/15/20	(PSF)		120		133,748
Eanes Independent School District GO
5.00%, 08/01/20	(PSF)		190		211,521
El Paso Independent School District GO
5.00%, 08/15/20	(PSF)		5		5,564
Fort Bend Independent School District GO
5.00%, 08/15/20	(PSF)		310		345,517
Series A
4.00%, 08/15/20	(PSF)		150		162,603
Frisco Independent School District GO
Series A
4.50%, 08/15/20	(PSF)		75		82,587
Series B
5.00%, 08/15/20	(PSF)		75		83,734
Grapevine-Colleyville Independent School District GO
5.00%, 08/15/20	(PSF)		100		111,457
Series A
5.00%, 08/15/20			195		217,341
Hays Consolidated Independent School District GO
5.00%, 08/15/20	(PSF)		125		139,321
Keller Independent School District/TX GO Series A
5.00%, 08/15/20	(PSF)		25		27,911
Leander Independent School District GO
0.00%, 08/15/20	(PSF)		200		191,336
4.00%, 08/15/20	(PSF)		135		146,343
Series A
0.00%, 08/15/20	(PSF)		50		47,834
Series D
0.00%, 08/15/20	(PSF)		175		167,419

240

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Lewisville Independent School District GO
0.00%, 08/15/20	(PSF)	$	20	$	19,134
Series A
4.00%, 08/15/20	(PSF)		15		16,260
5.00%, 08/15/20	(PSF)		95		105,884
Series B
4.00%, 08/15/20			150		162,531
Lone Star College System GOL Series A
5.00%, 08/15/20			355		395,701
Mesquite Independent School District GO
Series B
4.00%, 08/15/20	(PSF)		145		157,183
5.00%, 08/15/20	(PSF)		20		22,291
Series E
5.00%, 08/15/20	(PSF)		125		139,321
North East Independent School District/TX GO
5.00%, 08/01/20	(PSF)		75		83,495
North Texas Municipal Water District Water System Revenue RB
4.00%, 09/01/20			80		86,866
5.00%, 09/01/20			595		664,502
5.25%, 09/01/20			140		157,438
Northside Independent School District GO
4.00%, 08/15/20	(PSF)		60		65,041
Permanent University Fund – Texas A&M University System RB
4.00%, 07/01/20			200		216,344
Series A
5.00%, 07/01/20			350		389,109
Permanent University Fund – University of Texas System RB Series B
5.00%, 07/01/20			365		405,785
Round Rock Independent School District GO
5.00%, 08/01/20	(PSF)		290		323,111
Socorro Independent School District GO
4.00%, 08/15/20	(PSF)		150		162,338

Security		Principal (000s)		Value
Series A
5.00%, 08/15/20	(PSF)	$	110	$	122,405
Spring Independent School District GO
5.00%, 08/15/20	(BAM)		40		44,478
5.00%, 08/15/20	(PSF)		300		334,371
State of Texas GO
5.00%, 08/01/20			285		318,172
Series B
5.00%, 08/01/20			195		217,696
Series C-1
5.00%, 08/01/20			610		680,211
Tarrant Regional Water District RB
5.00%, 09/01/20			30		33,534
Texas City Independent School District/TX GO
3.00%, 08/15/20	(PSF)		100		105,347
Texas Tech University RB Series A
5.00%, 08/15/20			205		228,520
Trinity River Authority Central Regional Wastewater System Revenue RB
5.00%, 08/01/20			250		278,612
University of Texas System (The) RB
Series A
4.00%, 08/15/20			460		498,980
5.00%, 08/15/20			765		853,204
Series B
5.00%, 08/15/20			210		234,213
Series D
5.00%, 08/15/20			135		150,653
Ysleta Independent School District GO Series A
5.00%, 08/15/20	(PSF)		90		100,311
					13,332,059
UTAH — 1.10%
Cache County School District GO
5.00%, 06/15/20	(GTD)		50		55,511
Davis School District GO Series A
4.00%, 06/01/20	(GTD)		40		43,235

241

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
State of Utah GO
5.00%, 07/01/20		$	250	$	278,067
Series A
5.00%, 07/01/20			1,060		1,180,109
University of Utah (The) RB
Series 2014B
5.00%, 08/01/20			105		116,915
Series A
5.00%, 08/01/20			110		122,483
Utah Transit Authority RB
Series 2015A
5.00%, 06/15/20			185		205,859
Series C
5.25%, 06/15/20	(AGM)		140		156,453
					2,158,632
VERMONT — 0.10%
State of Vermont GO
Series C
4.00%, 08/15/20			150		163,037
Series F
5.00%, 08/15/20			30		33,525
					196,562
VIRGINIA — 4.09%
City of Alexandria VA GO
Series A
4.50%, 06/15/20			100		109,693
Series B
5.00%, 06/15/20	(SAW)		125		138,929
City of Chesapeake VA GO Series A
5.00%, 08/01/20			500		557,605
City of Newport News VA GO
Series A
5.00%, 07/01/20			200		222,474
5.00%, 07/15/20	(SAW)		65		72,387
City of Richmond VA GO
Series B
5.00%, 07/15/20			250		278,057
5.00%, 07/15/20	(SAW)		50		55,683
Series C
4.00%, 07/15/20	(SAW)		55		59,612
Commonwealth of Virginia GO
Series A
5.00%, 06/01/20			255		283,065

Security		Principal (000s)		Value
Series A-1
4.00%, 06/01/20		$	90	$	97,329
Series B
5.00%, 06/01/20			50		55,503
County of Arlington VA GO
5.00%, 08/15/20			250		279,297
Series C
5.00%, 08/15/20			500		558,590
5.00%, 08/15/20	(SAW)		70		78,203
County of Henrico VA GO
5.00%, 07/15/20			150		167,103
5.00%, 08/01/20			25		27,888
Series A
4.00%, 08/01/20			105		113,958
County of Prince William VA GO
5.00%, 08/01/20	(SAW)		115		128,323
Series A
4.00%, 08/01/20			180		195,413
Hampton Roads Sanitation District RB Series A
5.00%, 07/01/20			150		166,809
Northern Virginia Transportation Authority RB
5.00%, 06/01/20			135		149,796
University of Virginia RB
5.00%, 09/01/20			125		139,920
Virginia Beach Development Authority RB Series C
5.00%, 08/01/20			285		317,803
Virginia College Building Authority RB
Series 2
5.00%, 09/01/20			85		94,957
Series 2012B
5.00%, 09/01/20			145		161,985
Series A
5.00%, 09/01/20			615		686,992
Virginia Public Building Authority RB
Series A
5.00%, 08/01/20			610		679,815
Series B
5.00%, 08/01/20			330		367,769

242

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series B-3
4.00%, 08/01/20		$	300	$	325,497
Virginia Public School Authority RB
4.00%, 08/01/20	(SAW)		495		536,233
Series 2012A
5.00%, 08/01/20	(SAW)		575		640,625
Series A
5.00%, 08/01/20	(SAW)		115		128,125
Series C
5.00%, 08/01/20	(SAW)		25		27,845
Series D
4.00%, 08/01/20	(SAW)		95		102,973
					8,006,256
WASHINGTON — 6.81%
City of Seattle WA Drainage & Wastewater Revenue RB
5.00%, 09/01/20			290		323,971
City of Seattle WA GOL
5.00%, 09/01/20			100		111,979
Series A
5.00%, 06/01/20			40		44,457
Series B
5.00%, 08/01/20			430		480,323
City of Seattle WA Municipal Light & Power Revenue RB
5.00%, 09/01/20			500		558,570
Series A
5.00%, 06/01/20			25		27,725
City of Seattle WA Water System Revenue RB
5.00%, 09/01/20			255		284,871
County of King WA GOL Series A
5.00%, 07/01/20			285		316,581
County of King WA Sewer Revenue RB
5.00%, 07/01/20			390		433,824
5.00%, 01/01/28	(PR 07/01/20)		150		166,809
5.00%, 01/01/30	(PR 07/01/20)		225		250,213
5.00%, 01/01/31	(PR 07/01/20)		500		556,030
Series B
4.00%, 07/01/20			100		108,203
County of Pierce WA GOL Series A
5.00%, 07/01/20			80		88,614

Security		Principal (000s)		Value
Energy Northwest RB
4.00%, 07/01/20		$	50	$	54,117
5.00%, 07/01/20			265		294,611
Series A
5.00%, 07/01/20			1,280		1,423,027
Pierce County School District No. 10 Tacoma GO
4.00%, 06/01/20	(GTD)		65		70,205
Port of Seattle WA RB
5.50%, 09/01/20	(NPFGC)		375		422,325
State of Washington COP
5.00%, 07/01/20			75		83,053
Series A
5.00%, 07/01/20			250		276,842
State of Washington GO
5.00%, 07/01/20			485		539,194
Series 03-C
0.00%, 06/01/20			140		134,750
Series A
5.00%, 07/01/20			505		561,429
5.00%, 08/01/20			100		111,445
Series B-1
5.00%, 08/01/20			180		200,602
Series C
5.00%, 06/01/20			225		249,523
Series D
5.00%, 07/01/20			30		33,352
Series R
4.00%, 07/01/20			300		324,609
5.00%, 07/01/20			310		344,639
Series R-2011B
5.00%, 07/01/20			690		767,101
Series R-2012C
5.00%, 07/01/20			60		66,704
Series R-2013A
5.00%, 07/01/20			255		283,494
Series R-2014A
5.00%, 07/01/20			170		188,996
Series R-2014B
5.00%, 07/01/20			175		194,554
Series R-2015
5.00%, 07/01/20			245		272,376
Series R-2015-C
5.00%, 07/01/20			120		133,409

243

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

Security		Principal (000s)		Value
Series R-2015E
5.00%, 07/01/20		$	75	$	83,381
Series R-2016C
5.00%, 07/01/20			75		83,381
Series R-2017A
5.00%, 08/01/20			700		780,115
Series R-F
5.00%, 07/01/20			100		111,174
State of Washington RB
5.00%, 07/01/20			70		77,385
5.00%, 09/01/20			760		846,936
University of Washington RB
5.00%, 07/01/20			165		183,541
Series A
5.00%, 07/01/20			200		222,474
Series C
5.00%, 07/01/20			150		166,855
					13,337,769
WEST VIRGINIA — 0.54%
School Building Authority of West Virginia RB Series A
5.00%, 07/01/20			95		105,527
State of West Virginia GO
4.00%, 06/01/20			165		178,213
Series A
5.00%, 06/01/20			400		443,472
West Virginia Commissioner of Highways RB Series A
5.00%, 09/01/20			275		305,913
West Virginia Water Development Authority RB Series A
5.00%, 07/01/20			25		27,770
					1,060,895
WISCONSIN — 1.29%
State of Wisconsin Clean Water Fund Leveraged Loan Portfolio RB
Series 1
4.00%, 06/01/20	(ETM)		100		107,899
5.00%, 06/01/20	(ETM)		195		216,333

Security		Principal or Shares (000s)		Value
Series 2
5.00%, 06/01/20	(ETM)	$	200	$	221,880
Series 4
5.00%, 06/01/20	(ETM)		190		210,786
State of Wisconsin Environmental Improvement Fund Revenue RB Series A
5.00%, 06/01/20			100		111,082
Wisconsin Department of Transportation RB
Series 1
3.50%, 07/01/20			15		16,024
5.00%, 07/01/20			345		383,768
Series 2
5.00%, 07/01/20			245		272,530
Series A
5.00%, 07/01/20			185		205,788
5.00%, 07/01/20	(AGM)		340		378,206
Series I
5.00%, 07/01/20	(NPFGC)		170		189,103
WPPI Energy RB Series A
5.00%, 07/01/20			195		215,573
					2,528,972
TOTAL MUNICIPAL BONDS & NOTES
(Cost: $193,178,979)					193,505,568
SHORT-TERM INVESTMENTS — 0.70%
MONEY MARKET FUNDS — 0.70%
BlackRock Liquidity Funds: MuniCash
0.70%a,b			1,373		1,373,527
					1,373,527
TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,373,499)					1,373,527

244

Schedule of Investments (Unaudited) (Continued)

iSHARES^® iBONDS SEP 2020 TERM MUNI BOND ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 99.53%
(Cost: $194,552,478)c	$	194,879,095
Other Assets, Less Liabilities — 0.47%		922,119
NET ASSETS — 100.00%	$	195,801,214

COP  —  Certificates of Participation

ETM  —  Escrowed to Maturity

GO  —  General Obligation

GOL  —  General Obligation Limited

GTD  —  Guaranteed by the Commonwealth, County or State

MO  —  Moral Obligation

MT  —  Mandatory Tender

PSF  —  Permanent School Fund

RB  —  Revenue Bond

SAP  —  Subject to Appropriations

SAW  —  State Aid Withholding

ST  —  Special Tax

TA  —  Tax Allocation

Insured by:

AGM  —  Assured Guaranty Municipal Corp.

AGM-CR  —  AGM Insured Custodial Receipts

AMBAC  —  Ambac Assurance Corp.

BAM  —  Build America Mutual Assurance Co.

NPFGC  —  National Public Finance Guarantee Corp.

SGI  —  Syncora Guarantee Inc.

^a  Affiliated money market fund.

^b  The rate quoted is the annualized seven-day yield of the fund at period end.

^c  The cost of investments for federal income tax purposes was $194,552,478. Net unrealized appreciation was $326,617, of which $583,846 represented gross unrealized appreciation on securities and $257,229 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Municipal bonds & notes	$	—	$	193,505,568	$	—	$	193,505,568
Money market funds		1,373,527		—		—		1,373,527
Total	$	1,373,527	$	193,505,568	$	—	$	194,879,095

245

Consolidated Schedule of Investments (Unaudited)

iSHARES^® INDIA 50 ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.73%
AUTO COMPONENTS — 0.61%
Bosch Ltd.		17,060	$	6,156,842
				6,156,842
AUTOMOBILES — 9.53%
Bajaj Auto Ltd.		250,478		10,816,232
Hero MotoCorp. Ltd.		239,091		13,691,116
Mahindra & Mahindra Ltd.		855,913		17,857,811
Maruti Suzuki India Ltd.		243,671		27,208,970
Tata Motors Ltd.		3,528,492		23,612,442
Tata Motors Ltd. Class A		798,920		3,254,390
				96,440,961
BANKS — 26.45%
Axis Bank Ltd.		2,226,980		17,824,453
Axis Bank Ltd. GDRa		184,651		7,349,110
Bank of Baroda		1,725,001		4,314,003
HDFC Bank Ltd.		2,106,614		53,842,300
HDFC Bank Ltd. ADR		445,603		38,754,093
ICICI Bank Ltd.		11,776,527		52,863,420
IndusInd Bank Ltd.		907,430		20,762,616
Kotak Mahindra Bank Ltd.		2,159,139		31,925,695
State Bank of India		6,517,998		27,594,665
Yes Bank Ltd.		549,374		12,438,737
				267,669,092
CHEMICALS — 1.43%
Asian Paints Ltd.		847,226		14,456,746
				14,456,746
CONSTRUCTION & ENGINEERING — 3.91%
Larsen & Toubro Ltd.		1,515,277		39,561,887
				39,561,887
CONSTRUCTION MATERIALS — 2.12%
ACC Ltd.		168,018		4,075,972
Ambuja Cements Ltd.		1,429,348		5,452,033
Ultratech Cement Ltd.		194,833		11,933,681
				21,461,686
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.63%
Bharti Infratel Ltd.		1,106,333		6,410,784
				6,410,784
ELECTRIC UTILITIES — 1.73%
Power Grid Corp. of India Ltd.		4,043,423		13,171,034
Tata Power Co. Ltd.		3,482,552		4,339,889
				17,510,923

Security	Shares		Value
GAS UTILITIES — 0.66%
GAIL India Ltd.		1,193,223	$	6,672,449
				6,672,449
HOUSEHOLD PRODUCTS — 2.14%
Hindustan Unilever Ltd.		1,298,942		21,695,421
				21,695,421
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 1.09%
NTPC Ltd.		4,476,326		11,007,728
				11,007,728
IT SERVICES — 11.63%
HCL Technologies Ltd.		1,044,280		13,747,095
Infosys Ltd.		3,647,788		52,797,340
Tata Consultancy Services Ltd.		972,102		35,528,063
Tech Mahindra Ltd.		1,158,437		6,846,226
Wipro Ltd.		2,197,878		8,784,711
				117,703,435
MACHINERY — 0.94%
Eicher Motors Ltd.b		22,759		9,520,630
				9,520,630
MEDIA — 0.77%
Zee Entertainment Enterprises Ltd.		1,027,103		7,807,651
				7,807,651
METALS & MINING — 2.89%
Hindalco Industries Ltd.		2,332,073		6,889,334
Tata Steel Ltd.		1,236,888		10,443,344
Vedanta Ltd.		3,087,073		11,894,574
				29,227,252
OIL, GAS & CONSUMABLE FUELS — 10.51%
Bharat Petroleum Corp. Ltd.		999,658		9,888,708
Coal India Ltd.		2,391,755		9,037,883
Indian Oil Corp. Ltd.		1,723,694		10,272,163
Oil & Natural Gas Corp. Ltd.		5,009,265		12,190,406
Reliance Industries Ltd.b		3,041,517		64,935,888
				106,325,048
PHARMACEUTICALS — 4.62%
Aurobindo Pharma Ltd.		479,322		5,076,679
Cipla Ltd./India		925,961		7,959,218
Dr. Reddy’s Laboratories Ltd.		221,833		9,232,303
Lupin Ltd.		437,873		7,179,728

246

Consolidated Schedule of Investments (Unaudited) (Continued)

iSHARES^® INDIA 50 ETF

June 30, 2017

Security	Shares		Value
Sun Pharmaceutical Industries Ltd.		2,018,248	$	17,351,234
				46,799,162
THRIFTS & MORTGAGE FINANCE — 8.13%
Housing Development Finance Corp. Ltd.		2,913,335		72,788,866
Indiabulls Housing Finance Ltd.		571,557		9,515,855
				82,304,721
TOBACCO — 7.68%
ITC Ltd.		15,522,569		77,723,913
				77,723,913
TRANSPORTATION INFRASTRUCTURE — 0.84%
Adani Ports & Special Economic Zone Ltd.b		1,515,061		8,509,656
				8,509,656
WIRELESS TELECOMMUNICATION SERVICES — 1.42%
Bharti Airtel Ltd.		2,440,220		14,334,582
				14,334,582
TOTAL COMMON STOCKS
(Cost: $737,416,928)				1,009,300,569
SHORT-TERM INVESTMENTS — 0.17%
MONEY MARKET FUNDS — 0.17%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		1,694,846		1,694,846
				1,694,846
TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,694,846)				1,694,846

	Value
TOTAL INVESTMENTS IN SECURITIES — 99.90%
(Cost: $739,111,774)e	$	1,010,995,415
Other Assets, Less Liabilities — 0.10%		996,609
NET ASSETS — 100.00%	$	1,011,992,024

ADR  —  American Depositary Receipts

GDR  —  Global Depositary Receipts

^a  This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^b  Non-income earning security.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  The cost of investments for federal income tax purposes was $770,401,158. Net unrealized appreciation was $240,594,257, of which $282,818,140 represented gross unrealized appreciation on securities and $42,223,883 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the consolidated schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	1,009,300,569	$	—	$	—	$	1,009,300,569
Money market funds		1,694,846		—		—		1,694,846
Total	$	1,010,995,415	$	—	$	—	$	1,010,995,415

247

Schedule of Investments (Unaudited)

iSHARES^® INTERNATIONAL DEVELOPED PROPERTY ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.40%
AUSTRALIA — 11.85%
360 Capital Group Ltd.		34,344	$	25,421
Abacus Property Group		45,036		111,925
ALE Property Group		30,420		108,968
Arena REIT		37,548		64,803
Aspen Group		18,896		15,944
Astro Japan Property Group		9,504		46,292
Aveo Group		69,408		148,005
BGP Holdings PLCa,b		1,986,852		23
BWP Trust		78,017		178,332
Cedar Woods Properties Ltd.		9,324		37,262
Charter Hall Group		74,670		315,016
Charter Hall Long Wale REITc		29,754		94,258
Charter Hall Retail REIT		54,598		170,449
Cromwell Property Group		200,358		146,000
Dexus		163,390		1,188,112
Folkestone Education Trust		36,072		77,197
Gateway Lifestyle		45,396		67,901
GDI Property Group		82,650		64,982
Goodman Group		259,000		1,563,501
GPT Group (The)		290,520		1,067,420
Growthpoint Properties Australia Ltd.		41,027		98,815
Hotel Property Investments		24,336		56,001
Industria REIT		25,992		45,656
Ingenia Communities Group		32,162		64,142
Investa Office Fund		100,063		336,947
LendLease Group		94,078		1,201,506
Mirvac Group		599,294		979,136
New South Resources Ltd.b		80,640		93,401
Peet Ltd.		67,968		62,301
Propertylink Group		96,480		62,534
Scentre Group		859,536		2,670,194
Servcorp Ltd.		7,308		31,952
Shopping Centres Australasia Property Group		117,150		196,793
Stockland		389,097		1,307,241
Sunland Group Ltd.		20,808		28,410
Vicinity Centres		523,423		1,031,833
Villa World Ltd.		18,360		31,687
Viva Energy REIT		69,709		121,378
Westfield Corp.		308,066		1,897,505
				15,809,243

Security	Shares		Value
AUSTRIA — 0.91%
Atrium European Real Estate Ltd.		26,635	$	118,750
BUWOG AG		11,448		328,449
CA Immobilien Anlagen AG		12,037		293,247
IMMOFINANZ AGc		140,677		321,059
S IMMO AG		8,586		124,368
UBM Development AG		576		24,550
				1,210,423
BELGIUM — 1.07%
Aedifica SA		3,060		266,538
Befimmo SA		3,730		221,476
Cofinimmo SA		3,298		404,929
Intervest Offices & Warehouses NV		2,268		57,944
Montea SCA		972		54,211
Retail Estates NV		1,008		91,721
Warehouses De Pauw CVA		2,523		264,797
Wereldhave Belgium NV		319		36,380
Xior Student Housing NV		720		29,970
				1,427,966
CANADA — 3.05%
Agellan Commercial Real Estate Investment Trust		2,736		23,258
Allied Properties REIT		6,784		203,306
Artis REIT		11,729		118,310
Boardwalk REITc		3,622		132,614
Canadian Apartment Properties REIT		10,909		281,986
Canadian REIT		6,070		214,392
Choice Properties REIT		8,100		86,320
Cominar REIT		14,112		138,110
Crombie REIT		7,452		80,505
CT REIT		4,847		53,669
Dream Global REIT		10,188		85,665
Dream Industrial REIT		5,256		35,210
Dream Office REIT		8,647		130,168
Dream Unlimited Corp. Class Ab		9,576		54,269
First Capital Realty Inc.		22,572		343,438
Granite REIT		3,802		150,154
H&R REIT		22,808		386,719
InterRent REIT		6,264		39,020
Killam Apartment REIT		5,904		57,917
Mainstreet Equity Corp.b		684		19,145
Morguard Corp.		820		116,651

248

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL DEVELOPED PROPERTY ETF

June 30, 2017

Security	Shares		Value
Morguard North American REIT		2,844	$	33,615
Morguard REIT		4,499		50,266
Northview Apartment Real Estate Investment Trust		3,852		62,406
NorthWest Healthcare Properties REIT		6,048		49,736
OneREIT		6,444		18,557
Plaza Retail REIT		9,108		32,261
Pure Industrial Real Estate Trust		19,440		102,985
RioCan REIT		25,814		478,435
Slate Office REIT		3,780		23,285
Slate Retail REITb		3,312		34,811
Smart REIT		10,312		255,041
Tricon Capital Group Inc.		19,980		178,769
				4,070,993
CHINA — 0.33%
Beijing Properties Holdings Ltd.b,c		216,000		10,376
China Merchants Land Ltd.		216,000		43,994
China Oceanwide Holdings Ltd.b		792,000		77,106
Gemdale Properties & Investment Corp. Ltd.		792,000		55,800
K Wah International Holdings Ltd.		180,000		109,294
Nam Tai Property Inc.		4,032		32,256
Road King Infrastructure Ltd.		36,000		44,456
Shanghai Zendai Property Ltd.b,c		900,000		14,757
Spring REIT		106,000		46,167
				434,206
DENMARK — 0.01%
TK Development A/Sb		11,196		18,034
				18,034
FINLAND — 0.32%
Citycon OYJ		58,511		153,356
Sponda OYJ		32,869		190,068
Technopolis OYJ		19,728		83,028
				426,452
FRANCE — 6.38%
Altarea SCA		391		89,191
Fonciere des Regions		8,567		793,608
Gecina SA		6,565		1,028,437
ICADE		7,381		618,753
Klepierre		33,514		1,371,682
Mercialys SA		9,148		178,730

Security	Shares		Value
Nexity SA		6,286	$	364,784
Unibail-Rodamco SE		16,142		4,062,334
				8,507,519
GERMANY — 6.30%
ADLER Real Estate AGb,c		4,355		67,553
ADLER Real Estate AG New		1		8
ADO Properties SAd		5,058		213,651
Alstria office REIT AGc		16,610		224,209
Deutsche Euroshop AG		7,786		306,460
Deutsche Wohnen AG Bearer		57,581		2,199,423
DIC Asset AG		7,517		82,271
Grand City Properties SA		16,838		336,944
Hamborner REIT AG		13,085		134,093
LEG Immobilien AG		10,228		960,191
PATRIZIA Immobilien AGb		6,263		118,042
TAG Immobilien AG		24,007		376,902
TLG Immobilien AG		10,633		217,021
Vib Vermoegen AG		4,402		103,828
Vonovia SE		75,556		2,995,888
WCM Beteiligungs & Grundbesitz-AGb		19,188		69,484
				8,405,968
HONG KONG — 16.30%
Asian Growth Properties Ltd.		54,285		16,923
Champion REIT		360,000		229,195
Cheung Kong Property Holdings Ltd.		432,000		3,383,971
Chinese Estates Holdings Ltd.		71,000		99,136
Chuang’s Consortium International Ltd.		144,000		33,019
CSI Properties Ltd.		728,000		34,971
Emperor International Holdings Ltd.		145,000		47,365
EverChina International Holdings Co. Ltd.b		720,000		21,398
Far East Consortium International Ltd./HK		144,000		80,426
Great Eagle Holdings Ltd.		36,000		183,079
Greenland Hong Kong Holdings Ltd.		144,000		49,436
Hang Lung Group Ltd.		144,000		595,815
Hang Lung Properties Ltd.		324,000		809,331
Henderson Land Development Co. Ltd.		220,640		1,230,889
HKR International Ltd.b		115,200		61,980
Hongkong Land Holdings Ltd.		190,600		1,402,816

249

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL DEVELOPED PROPERTY ETF

June 30, 2017

Security	Shares		Value
Hysan Development Co. Ltd.		108,000	$	515,343
Kerry Properties Ltd.		108,000		366,620
Kowloon Development Co. Ltd.		36,000		39,152
Lai Sun Development Co. Ltd.		2,168,000		79,150
Langham Hospitality Investments and Langham Hospitality Investments Ltd.		123,500		52,207
Link REIT		360,000		2,739,273
Man Sang International Ltd.b,c		144,000		8,485
New World Development Co. Ltd.		864,000		1,096,816
Prosperity REIT		216,000		91,862
Regal REITc		144,000		42,426
SEA Holdings Ltd.		40,000		51,137
Sino Land Co. Ltd.		470,000		770,645
Sinolink Worldwide Holdings Ltd.b		360,000		39,659
Soundwill Holdings Ltd.		18,000		43,349
SRE Group Ltd.b		848,000		19,553
Sun Hung Kai Properties Ltd.		258,000		3,790,788
Sunlight REIT		180,000		118,056
Swire Properties Ltd.		172,800		569,990
Tian An China Investment Co. Ltd.b,c		108,200		73,183
Wang On Group Ltd.		1,440,000		13,466
Wang On Properties Ltd.b,c		592,000		118,302
Wharf Holdings Ltd. (The)		196,000		1,624,452
Wheelock & Co. Ltd.		144,000		1,086,486
Yuexiu REIT		180,000		111,831
				21,741,981
IRELAND — 0.35%
Green REIT PLC		115,452		187,379
Hibernia REIT PLC		117,731		184,632
Irish Residential Properties REIT PLC		58,089		90,105
				462,116
ISRAEL — 1.17%
ADO Group Ltd.b		2,181		29,900
Africa Israel Properties Ltd.b		2,232		47,285
Airport City Ltd.b		9,753		134,984
Alony Hetz Properties & Investments Ltd.		16,128		163,096
Alrov Properties and Lodgings Ltd.		1,297		38,198
Amot Investments Ltd.		18,270		95,808
Azrieli Group Ltd.		5,904		328,216
Big Shopping Centers Ltd.		648		46,051

Security	Shares		Value
Blue Square Real Estate Ltd.		792	$	36,222
Gazit-Globe Ltd.		15,474		149,521
Jerusalem Economy Ltd.b		25,488		64,763
Melisron Ltd.		2,677		140,786
Norstar Holdings Inc.		2,520		47,119
Property & Building Corp. Ltd.		324		32,310
REIT 1 Ltd.		27,589		103,171
Sella Capital Real Estate Ltd.		26,532		51,411
Summit Real Estate Holdings Ltd.		6,876		48,944
				1,557,785
ITALY — 0.12%
Beni Stabili SpA SIIQ		155,880		112,363
Immobiliare Grande Distribuzione SIIQ SpA		49,608		43,623
				155,986
JAPAN — 26.82%
Activia Properties Inc.		112		478,961
Advance Residence Investment Corp.		216		537,309
Aeon Mall Co. Ltd.		17,880		351,999
AEON REIT Investment Corp.		216		238,184
Airport Facilities Co. Ltd.		3,600		19,544
Ardepro Co. Ltd.c		21,600		29,220
Comforia Residential REIT Inc.		78		168,273
Daibiru Corp.		10,800		112,268
Daikyo Inc.		36,000		73,371
Daito Trust Construction Co. Ltd.		12,600		1,961,881
Daiwa House Industry Co. Ltd.		108,000		3,689,071
Daiwa House REIT Investment Corp.		231		548,718
Daiwa Office Investment Corp.		36		181,666
Frontier Real Estate Investment Corp.		79		325,886
Fukuoka REIT Corp.		144		221,588
Global One Real Estate Investment Corp.		36		123,514
GLP J-REIT		481		518,415
Goldcrest Co. Ltd.		3,600		79,587
Hankyu REIT Inc.		108		133,414
Health Care & Medical Investment Corp.		36		32,424
Heiwa Real Estate Co. Ltd.		3,400		54,770
Heiwa Real Estate REIT Inc.		180		140,014

250

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL DEVELOPED PROPERTY ETF

June 30, 2017

Security	Shares		Value
Hoshino Resorts REIT Inc.		32	$	164,329
Hulic Co. Ltd.		79,200		808,494
Hulic Reit Inc.		144		224,920
Ichigo Hotel REIT Investment Corp.		36		37,006
Ichigo Office REIT Investment		252		156,771
Industrial & Infrastructure Fund Investment Corp.		72		326,807
Invesco Office J-Reit Inc.		144		134,568
Invincible Investment Corp.		567		243,735
Japan Excellent Inc.		216		240,491
Japan Hotel REIT Investment Corp.		610		431,604
Japan Logistics Fund Inc.		144		299,252
Japan Prime Realty Investment Corp.		144		499,181
Japan Property Management Center Co. Ltd.		3,600		44,407
Japan Real Estate Investment Corp.		206		1,024,867
Japan Rental Housing Investments Inc.		288		212,745
Japan Retail Fund Investment Corp.		436		805,180
Keihanshin Building Co. Ltd.		7,200		44,792
Kenedix Office Investment Corp.		72		384,479
Kenedix Residential Investment Corp.		72		179,487
Kenedix Retail REIT Corp.		72		152,125
LaSalle Logiport REIT		180		181,506
Leopalace21 Corp.		46,800		290,730
MCUBS MidCity Investment Corp.c		36		107,814
Mitsubishi Estate Co. Ltd.		226,500		4,220,165
Mitsui Fudosan Co. Ltd.		160,456		3,827,895
Mitsui Fudosan Logistics Park Inc.		36		107,654
Mori Hills REIT Investment Corp.		252		309,954
MORI TRUST Sogo REIT Inc.		180		290,762
Nippon Accommodations Fund Inc.		72		301,175
Nippon Building Fund Inc.		216		1,103,453
Nippon Prologis REIT Inc.		324		690,331
NIPPON REIT Investment Corp.		72		190,765
Nomura Real Estate Holdings Inc.		21,600		423,695
Nomura Real Estate Master Fund Inc.		685		937,028
NTT Urban Development Corp.		18,000		173,656
One REIT Inc.c		34		63,364
Orix JREIT Inc.		432		637,850

Security	Shares		Value
Premier Investment Corp.		180	$	175,899
SAMTY Co. Ltd.		3,600		39,249
Samty Residential Investment Corp.		72		55,237
Sekisui House Reit Inc.		144		171,862
Sekisui House SI Residential Investment Corp.		180		189,676
Shinoken Group Co. Ltd.c		3,600		72,666
Star Asia Investment Corp.		72		68,886
Starts Proceed Investment Corp.		36		47,067
Sumitomo Realty & Development Co. Ltd.		77,000		2,374,555
Sun Frontier Fudousan Co. Ltd.		3,600		36,141
Takara Leben Co. Ltd.		10,800		48,444
TOC Co. Ltd.		14,400		135,977
Tokyo Tatemono Co. Ltd.		36,000		471,627
Tokyu Fudosan Holdings Corp.		82,300		486,358
TOKYU REIT Inc.		180		218,832
Tosei Corp.		3,600		25,568
Tosei Reit Investment Corp.		36		34,347
United Urban Investment Corp.		504		719,936
Unizo Holdings Co. Ltd.		3,600		99,804
				35,765,245
NETHERLANDS — 0.71%
Brack Capital Properties NVb		720		72,976
Eurocommercial Properties NV		7,861		313,671
NSI NV		2,925		105,538
VastNed Retail NV		3,121		130,479
Wereldhave NV		6,535		319,978
				942,642
NEW ZEALAND — 0.70%
Argosy Property Ltd.		132,924		101,220
Goodman Property Trust		159,080		145,598
Investore Property Ltd.c		38,376		38,777
Kiwi Property Group Ltd.		229,190		236,616
Precinct Properties New Zealand Ltd.		164,797		148,417
Property for Industry Ltd.c		77,760		93,660
Stride Property Group		65,661		83,173
Vital Healthcare Property Trust		55,476		91,800
				939,261
NORWAY — 0.24%
Entra ASAd		12,878		159,886
Norwegian Property ASA		33,516		41,212

251

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL DEVELOPED PROPERTY ETF

June 30, 2017

Security	Shares		Value
Olav Thon Eiendomsselskap ASA		4,873	$	97,732
Selvaag Bolig ASA		7,416		28,507
				327,337
SINGAPORE — 7.74%
AIMS AMP Capital Industrial REIT		96,785		104,036
Ascendas Hospitality Trust		144,000		86,284
Ascendas India Trust		111,600		91,997
Ascendas REIT		387,636		734,815
Ascott Residence Trust		195,143		163,700
Cache Logistics Trust		136,000		90,380
CapitaLand Commercial Trustc		352,800		425,353
CapitaLand Ltd.		416,500		1,058,757
CapitaLand Mall Trustc		438,100		628,425
CapitaLand Retail China Trust		118,860		141,577
CDL Hospitality Trusts		107,500		129,217
City Developments Ltd.		100,600		783,991
Croesus Retail Trust		119,571		102,476
ESR REIT		184,040		78,864
Far East Hospitality Trust		135,700		66,034
First REIT		90,000		87,591
Fortune REIT		216,000		268,117
Frasers Centrepoint Ltd.		57,100		77,966
Frasers Centrepoint Trustc		93,100		144,703
Frasers Commercial Trust		100,300		103,808
Frasers Logistics & Industrial Trustc		172,800		135,544
Global Logistic Properties Ltd.		480,700		998,513
GuocoLand Ltd.		43,200		59,301
Ho Bee Land Ltd.		28,300		48,097
Keppel DC REIT		130,224		122,010
Keppel REIT		286,900		238,588
Lippo Malls Indonesia Retail Trust		327,600		105,881
Manulife US Real Estate Investment Trustc		97,200		87,480
Mapletree Commercial Trust		293,121		339,563
Mapletree Greater China Commercial Trustc		298,000		233,751
Mapletree Industrial Trust		193,640		261,590
Mapletree Logistics Trust		251,240		218,057
OUE Commercial REIT		90,000		46,737
OUE Hospitality Trust		194,400		105,188
Parkway Life REIT		64,300		125,158
Perennial Real Estate Holdings Ltd.		68,458		43,754

Security	Shares		Value
Sabana Shari’ah Compliant Industrial REIT		153,420	$	51,814
Sinarmas Land Ltd.		201,600		62,961
Soilbuild Business Space REIT		122,080		63,840
SPH REIT		143,200		104,006
Starhill Global REIT		226,000		128,031
Suntec REITc		409,000		555,493
United Industrial Corp. Ltd.		32,400		74,596
UOL Group Ltd.		93,100		516,602
Wheelock Properties Singapore Ltd.		43,600		59,375
Wing Tai Holdings Ltd.		61,250		88,526
Yoma Strategic Holdings Ltd.		183,633		78,023
				10,320,570
SPAIN — 1.50%
Axiare Patrimonio SOCIMI SA		9,936		169,534
Hispania Activos Inmobiliarios SOCIMI SA		18,108		298,953
Inmobiliaria Colonial SA		44,361		385,946
Lar Espana Real Estate SOCIMI SA		15,177		139,572
Merlin Properties SOCIMI SA		75,672		954,563
Realia Business SAb		39,017		47,839
				1,996,407
SWEDEN — 2.67%
Atrium Ljungberg AB Class B		7,708		128,397
Castellum AB		44,464		652,103
Catena AB		2,772		44,532
D. Carnegie & Co. ABb,c		6,284		86,982
Dios Fastigheter AB		14,145		78,150
Fabege AB		22,976		441,294
Fastighets AB Balder Class Bb		15,192		367,437
Hemfosa Fastigheter AB		24,913		268,785
Hufvudstaden AB Class A		19,664		325,692
Klovern AB Class B		74,153		81,058
Kungsleden AB		28,958		177,156
Magnolia Bostad AB		2,880		31,158
NP3 Fastigheter AB		7,632		42,437
Platzer Fastigheter Holding AB		8,136		49,436
Sagax AB		11,528		138,043
Victoria Park AB Class B		20,916		69,682
Wallenstam AB Class B		36,296		349,209
Wihlborgs Fastigheter AB		11,012		232,394
				3,563,945

252

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL DEVELOPED PROPERTY ETF

June 30, 2017

Security	Shares		Value
SWITZERLAND — 1.99%
Allreal Holding AG Registered		2,329	$	421,951
Hiag Immobilien AG		540		69,921
Intershop Holdings AG		252		126,572
Investis Holding SA		396		24,418
Mobimo Holding AG Registered		964		270,784
PSP Swiss Property AG Registered		6,535		611,430
Swiss Prime Site AG Registered		11,634		1,058,134
Zug Estates Holding AG Bearer		36		69,470
				2,652,680
UNITED KINGDOM — 8.87%
Assura PLC		274,608		227,576
Big Yellow Group PLC		24,308		250,073
British Land Co. PLC (The)		166,238		1,307,485
Capital & Counties Properties PLCc		121,950		463,657
Capital & Regional PLC		75,132		54,896
CLS Holdings PLC		27,756		73,189
Daejan Holdings PLC		1,432		114,861
Derwent London PLC		18,095		623,809
Empiric Student Property PLC		83,888		121,770
F&C Commercial Property Trust Ltd.		132,763		250,573
Grainger PLC		69,804		238,467
Great Portland Estates PLC		53,686		416,320
Hammerson PLC		128,830		961,389
Hansteen Holdings PLC		125,255		202,561
Helical PLC		18,036		70,459
Intu Properties PLC		144,794		506,123
Land Securities Group PLC		128,504		1,690,901
LondonMetric Property PLC		115,575		251,311
McKay Securities PLC		16,164		47,976
Mucklow A & J Group PLC		9,540		62,579
NewRiver REIT PLC		37,728		171,475
NewRiver REIT PLCb		3,531		683
Picton Property Income Ltd. (The)		94,896		102,618
Primary Health Properties PLC		102,405		151,309
Raven Russia Ltd.b		107,532		68,792
Redefine International PLC/Isle of Man		206,149		106,656
Regional REIT Ltd.d		44,939		61,438
Safestore Holdings PLC		34,117		186,749
Schroder REIT Ltd.		91,260		75,867
Segro PLC		162,085		1,029,963
Shaftesbury PLC		45,712		577,447

Security	Shares		Value
ST Modwen Properties PLC		30,708	$	143,159
Tritax Big Box REIT PLC		222,820		423,149
U & I Group PLC		20,988		51,458
UK Commercial Property Trust Ltd.		110,556		132,334
UNITE Group PLC (The)		37,966		320,060
Urban & Civic PLC		18,216		62,230
Workspace Group PLC		19,281		223,026
				11,824,388
TOTAL COMMON STOCKS
(Cost: $124,656,601)				132,561,147
RIGHTS — 0.00%
ISRAEL — 0.00%
Airport City Ltd. (Expires 07/04/17)b		650		2,200
				2,200
TOTAL RIGHTS
(Cost: $0)				2,200
SHORT-TERM INVESTMENTS — 2.45%
MONEY MARKET FUNDS — 2.45%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%e,f,g		3,211,497		3,212,460
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%e,f		57,546		57,546
				3,270,006
TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,269,453)				3,270,006

253

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL DEVELOPED PROPERTY ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 101.85%
(Cost: $127,926,054)h	$	135,833,353
Other Assets, Less Liabilities — (1.85)%		(2,471,389	)
NET ASSETS — 100.00%	$	133,361,964

^a  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^b  Non-income earning security.

^c  All or a portion of this security represents a security on loan.

^d  This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^e  Affiliated money market fund.

^f  The rate quoted is the annualized seven-day yield of the fund at period end.

^g  All or a portion of this security represents an investment of securities lending collateral.

^h  The cost of investments for federal income tax purposes was $135,216,226. Net unrealized appreciation was $617,127, of which $16,032,065 represented gross unrealized appreciation on securities and $15,414,938 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	132,551,956	$	9,168	$	23	$	132,561,147
Rights		—		2,200		—		2,200
Money market funds		3,270,006		—		—		3,270,006
Total	$	135,821,962	$	11,368	$	23	$	135,833,353

254

Schedule of Investments (Unaudited)

iSHARES^® INTERNATIONAL DIVIDEND GROWTH ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 98.96%
AUSTRALIA — 1.86%
Amcor Ltd./Australia		9,020	$	112,154
Ansell Ltd.		1,166		21,224
Aristocrat Leisure Ltd.		1,892		32,740
Australian Pharmaceutical Industries Ltd.		2,487		3,634
Challenger Ltd./Australia		5,899		60,361
Computershare Ltd.		3,445		37,365
Corporate Travel Management Ltd.		606		10,663
CSL Ltd.		1,441		152,567
Nufarm Ltd./Australia		1,223		9,034
REA Group Ltd.		257		13,090
Seek Ltd.		2,962		38,419
Sonic Healthcare Ltd.		3,116		57,889
				549,140
BELGIUM — 0.01%
Lotus Bakeries		1		2,659
				2,659
BRAZIL — 0.84%
Ambev SA		31,100		171,868
Ultrapar Participacoes SA		3,300		77,210
				249,078
CANADA — 16.79%
Agrium Inc.		1,302		117,829
Alimentation Couche-Tard Inc. Class B		599		28,670
Atco Ltd./Canada Class I		539		21,046
Bank of Montreal		5,610		411,322
Bank of Nova Scotia (The)		10,373		623,083
BCE Inc.		3,191		143,493
Boyd Group Income Fund		57		4,220
Brookfield Asset Management Inc. Class A		2,699		105,761
Canadian Imperial Bank of Commerce		4,136		335,638
Canadian National Railway Co.		2,552		206,762
Canadian Tire Corp. Ltd. Class A		325		36,927
Canadian Utilities Ltd. Class A		947		30,385
Canadian Western Bank		803		16,929
CCL Industries Inc. Class B		330		16,671
CI Financial Corp.		2,784		59,251
Cogeco Communications Inc.		61		3,720
Constellation Software Inc./Canada		44		22,985

Security	Shares		Value
Dollarama Inc.		231	$	22,040
Dorel Industries Inc. Class B		58		1,539
Emera Inc.		1,914		71,051
Equitable Group Inc.		124		5,679
Finning International Inc.		990		19,378
Fortis Inc./Canada		3,212		112,730
Genworth MI Canada Inc.		521		14,314
Gildan Activewear Inc.		522		16,017
Intact Financial Corp.		814		61,399
Laurentian Bank of Canada		517		21,565
Magna International Inc. Class A		2,244		103,794
Methanex Corp.		660		29,094
Metro Inc.		1,101		36,183
National Bank of Canada		3,212		134,866
Ritchie Bros Auctioneers Inc.		594		17,042
Rogers Communications Inc. Class B		2,805		132,291
Royal Bank of Canada		11,594		840,603
ShawCor Ltd.		253		5,159
SNC-Lavalin Group Inc.		561		24,221
Stantec Inc.		111		2,791
Stella-Jones Inc.		286		9,747
Suncor Energy Inc.		9,900		288,836
Thomson Reuters Corp.		2,226		102,910
Toronto-Dominion Bank (The)		13,959		702,411
Transcontinental Inc. Class A		110		2,177
				4,962,529
CHILE — 0.10%
Banco de Chile		219,406		28,459
				28,459
CHINA — 1.45%
Beijing Capital International Airport Co. Ltd. Class H		2,000		2,818
China Everbright International Ltd.		12,000		14,972
China Gas Holdings Ltd.		6,000		12,113
China Overseas Land & Investment Ltd.		26,000		76,104
China Pacific Insurance Group Co. Ltd. Class H		25,600		104,611
China Resources Gas Group Ltd.		4,000		13,655
China State Construction International Holdings Ltd.		6,000		10,268
Guangdong Investment Ltd.		22,000		30,324
Longfor Properties Co. Ltd.		11,000		23,645

255

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL DIVIDEND GROWTH ETF

June 30, 2017

Security	Shares		Value
Sinopharm Group Co. Ltd. Class H		4,400	$	19,896
Tencent Holdings Ltd.		3,300		118,026
Tongda Group Holdings Ltd.		10,000		2,985
				429,417
DENMARK — 1.99%
Coloplast A/S Class B		649		54,160
DSV A/S		143		8,775
GN Store Nord A/S		594		17,322
Novo Nordisk A/S Class B		11,143		476,570
Novozymes A/S Class B		707		30,899
				587,726
FINLAND — 0.87%
Huhtamaki OYJ		631		24,829
Kone OYJ Class B		2,959		150,318
Raisio OYJ Series V		1,342		5,571
Tieto OYJ		797		24,607
Wartsila OYJ Abp		891		52,590
				257,915
FRANCE — 8.32%
Accor SA		1,254		58,705
Air Liquide SA		2,101		259,279
Airbus SE		2,508		205,956
Arkema SA		341		36,337
Christian Dior SE		40		11,421
Cie. Plastic Omnium SA		44		1,603
Dassault Systemes SE		99		8,863
Essilor International SA		330		41,929
Eurofins Scientific SE		24		13,499
Hermes International		33		16,284
Imerys SA		121		10,509
Ingenico Group SA		170		15,413
L’Oreal SA		881		183,280
Legrand SA		1,177		82,224
LVMH Moet Hennessy Louis Vuitton SE		1,276		317,701
Orpea		99		11,018
Rubis SCA		220		24,901
Safran SA		1,441		131,877
Sanofi		9,350		893,229
SEB SA		55		9,864
Sodexo SA		440		56,809
Stef SA		36		3,757

Security	Shares		Value
Valeo SA		946	$	63,648
				2,458,106
GERMANY — 8.18%
AURELIUS Equity Opportunities SE & Co KGaA		22		1,180
BASF SE		6,952		642,971
Bayer AG Registered		4,239		547,298
Bayerische Motoren Werke AG		3,333		308,982
BayWa AG		79		2,804
Bertrandt AG		49		4,905
Brenntag AG		506		29,248
Continental AG		517		111,417
Duerr AG		198		23,498
Fresenius Medical Care AG & Co. KGaA		506		48,576
Fresenius SE & Co. KGaA		546		46,743
Gerresheimer AG		99		7,953
GRENKE AG		39		8,652
HeidelbergCement AG		616		59,473
Henkel AG & Co. KGaA		341		41,187
Krones AG		22		2,544
Linde AG		924		174,731
Merck KGaA		275		33,169
Rational AG		1		532
SAP SE		2,860		298,307
Symrise AG		319		22,565
				2,416,735
HONG KONG — 3.43%
AIA Group Ltd.		36,200		264,552
Citic Telecom International Holdings Ltd.		22,000		7,045
CK Infrastructure Holdings Ltd.		11,000		92,436
CLP Holdings Ltd.		12,500		132,262
Hang Seng Bank Ltd.		4,700		98,317
Henderson Land Development Co. Ltd.		2,200		12,273
Hong Kong & China Gas Co. Ltd.		48,881		91,921
Hysan Development Co. Ltd.		11,000		52,489
Johnson Electric Holdings Ltd.		500		1,739
Minth Group Ltd.		2,000		8,480
MTR Corp. Ltd.		11,000		61,930
New World Development Co. Ltd.		66,000		83,785
Techtronic Industries Co. Ltd.		1,500		6,898
Wharf Holdings Ltd. (The)		11,000		91,168
Wheelock & Co. Ltd.		1,000		7,545
				1,012,840

256

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL DIVIDEND GROWTH ETF

June 30, 2017

Security	Shares		Value
HUNGARY — 0.07%
OTP Bank PLC		594	$	19,836
				19,836
INDIA — 1.93%
Axis Bank Ltd.a		1,711		68,098
Infosys Ltd. ADR		16,186		243,114
Larsen & Toubro Ltd. GDRa		3,424		88,339
Reliance Industries Ltd. GDRb,c		4,007		169,897
				569,448
INDONESIA — 0.26%
Bank Rakyat Indonesia Persero Tbk PT		66,000		75,520
Indofood CBP Sukses Makmur Tbk PT		2,500		1,651
				77,171
IRELAND — 0.38%
C&C Group PLC		1,367		5,019
Glanbia PLC		124		2,422
Kerry Group PLC Class A		280		24,057
Kingspan Group PLC		291		9,975
Paddy Power Betfair PLC		248		26,438
Smurfit Kappa Group PLC		1,419		44,111
				112,022
ITALY — 0.10%
Luxottica Group SpA		506		29,231
				29,231
JAPAN — 12.40%
ABC-Mart Inc.		200		11,766
Aeon Delight Co. Ltd.		100		3,235
AEON Financial Service Co. Ltd.		700		14,815
Aica Kogyo Co. Ltd.		100		3,044
Alfresa Holdings Corp.		1,600		30,858
Asahi Group Holdings Ltd.		1,100		41,392
Bandai Namco Holdings Inc.		1,100		37,496
Bridgestone Corp.		4,500		193,841
Calbee Inc.		300		11,788
Central Japan Railway Co.		300		48,888
Denso Corp.		3,300		139,272
East Japan Railway Co.		1,100		105,193
Financial Products Group Co. Ltd.		200		1,906
Fuji Electric Co. Ltd.		1,000		5,269
Fujitec Co. Ltd.		200		2,611
Hakuhodo DY Holdings Inc.		500		6,635
Hiroshima Bank Ltd. (The)		1,000		4,432

Security	Shares		Value
HIS Co. Ltd.		400	$	12,051
Hitachi Capital Corp.		1,100		26,453
HORIBA Ltd.		100		6,079
Isuzu Motors Ltd.		2,600		32,072
Itochu Techno-Solutions Corp.		200		6,995
J Front Retailing Co. Ltd.		1,400		21,481
Japan Tobacco Inc.		7,700		270,487
JSR Corp.		2,200		37,926
Kakaku.com Inc.		1,500		21,533
Kaken Pharmaceutical Co. Ltd.		100		5,456
Kansai Paint Co. Ltd.		400		9,203
Kao Corp.		2,200		130,637
KDDI Corp.		10,500		278,013
Keihin Corp.		100		1,364
Kewpie Corp.		300		7,876
Kobayashi Pharmaceutical Co. Ltd.		100		5,936
Koei Tecmo Holdings Co. Ltd.		200		3,966
Kurita Water Industries Ltd.		200		5,447
Lawson Inc.		300		20,986
Miraca Holdings Inc.		100		4,495
MISUMI Group Inc.		200		4,567
Mitsubishi Chemical Holdings Corp.		7,900		65,395
Mitsubishi Heavy Industries Ltd.		23,000		94,121
MonotaRO Co. Ltd.		200		6,444
Nagoya Railroad Co. Ltd.		1,000		4,664
Nihon Kohden Corp.		100		2,309
Nikkon Holdings Co. Ltd.		100		2,310
Nippon Paint Holdings Co. Ltd.		300		11,347
Nippon Telegraph & Telephone Corp.		3,300		155,954
Nissan Motor Co. Ltd.		22,500		223,879
NTT DOCOMO Inc.		8,200		193,542
Obic Co. Ltd.		100		6,141
Otsuka Holdings Co. Ltd.		2,200		93,788
PALTAC Corp.		200		6,737
Relo Group Inc.		1,300		25,304
Sanwa Holdings Corp.		1,600		16,860
Sawai Pharmaceutical Co. Ltd.		100		5,616
SCSK Corp.		100		4,486
Sekisui Chemical Co. Ltd.		3,300		59,063
Sekisui House Ltd.		5,100		89,849
Senko Group Holdings Co. Ltd.		1,600		10,395
Seven & I Holdings Co. Ltd.		3,700		152,399
Seven Bank Ltd.		11,600		41,502

257

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL DIVIDEND GROWTH ETF

June 30, 2017

Security	Shares		Value
Shizuoka Bank Ltd. (The)		2,000	$	18,067
Sohgo Security Services Co. Ltd.		200		9,007
Sony Financial Holdings Inc.		1,100		18,738
Stanley Electric Co. Ltd.		100		3,017
Sugi Holdings Co. Ltd.		100		5,358
Sumitomo Electric Industries Ltd.		3,800		58,508
Sumitomo Mitsui Trust Holdings Inc.		4,400		157,383
Sumitomo Rubber Industries Ltd.		1,200		20,249
Suzuki Motor Corp.		1,100		52,181
Sysmex Corp.		300		17,916
T-Gaia Corp.		300		5,692
Tadano Ltd.		1,400		16,808
Temp Holdings Co. Ltd.		300		5,623
Terumo Corp.		1,100		43,321
Tokai Rika Co. Ltd.		300		5,519
Tokio Marine Holdings Inc.		4,400		182,132
Tokyo Century Corp.		200		7,992
Tokyo Ohka Kogyo Co. Ltd.		100		3,333
Tokyo Seimitsu Co. Ltd.		100		3,217
TOTO Ltd.		300		11,454
TS Tech Co. Ltd.		100		2,910
Unicharm Corp.		1,100		27,627
USS Co. Ltd.		1,600		31,798
Valor Holdings Co. Ltd.		100		2,270
West Japan Railway Co.		1,100		77,693
Yakult Honsha Co. Ltd.		300		20,425
Yokogawa Electric Corp.		500		8,014
				3,663,821
MALAYSIA — 0.20%
Public Bank Bhd		12,600		59,644
				59,644
MEXICO — 0.78%
Alfa SAB de CV		15,400		21,969
America Movil SAB de CV		136,400		110,026
Grupo Financiero Banorte SAB de CV		14,800		94,353
Grupo Financiero Inbursa SAB de CV Series O		3,300		5,652
				232,000
NETHERLANDS — 3.23%
Aalberts Industries NV		81		3,220
ASML Holding NV		862		112,178
Gemalto NV		147		8,811
Koninklijke Ahold Delhaize NV		7,437		141,993

Security	Shares		Value
RELX NV		6,383	$	131,042
Unilever NV CVA		10,098		556,515
				953,759
NORWAY — 0.06%
Tomra Systems ASA		1,533		18,667
				18,667
PHILIPPINES — 0.17%
Ayala Land Inc.		50,700		39,939
SM Investments Corp.		565		8,991
				48,930
RUSSIA — 0.12%
Novatek PJSC GDRa		308		34,311
				34,311
SINGAPORE — 0.18%
ComfortDelGro Corp. Ltd.		32,600		54,458
				54,458
SOUTH AFRICA — 1.81%
AVI Ltd.		2,764		20,040
Capitec Bank Holdings Ltd.		212		13,430
Discovery Ltd.		1,155		11,276
Famous Brands Ltd.		158		1,519
FirstRand Ltd.		36,168		130,152
Foschini Group Ltd. (The)		1,455		15,245
Investec Ltd.		3,301		24,312
Life Healthcare Group Holdings Ltd.		14,786		28,946
Mr. Price Group Ltd.		2,322		27,646
Naspers Ltd. Class N		265		51,473
Nedbank Group Ltd.		2,094		33,368
PSG Group Ltd.		286		5,239
Rand Merchant Investment Holdings Ltd.		2,520		7,499
Remgro Ltd.		2,170		35,353
RMB Holdings Ltd.		6,956		31,190
Sanlam Ltd.		15,092		74,639
Shoprite Holdings Ltd.		1,651		25,123
				536,450
SOUTH KOREA — 0.07%
SK Holdings Co. Ltd.		88		21,382
				21,382
SPAIN — 0.84%
Amadeus IT Group SA		1,711		102,160
Industria de Diseno Textil SA		3,828		146,742
				248,902

258

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL DIVIDEND GROWTH ETF

June 30, 2017

Security	Shares		Value
SWEDEN — 1.81%
AAK AB		77	$	5,614
AF AB Class B		132		2,725
Alfa Laval AB		1,551		31,702
Assa Abloy AB Class B		3,030		66,495
Atrium Ljungberg AB Class B		694		11,560
Castellum AB		2,611		38,293
Hexagon AB Class B		717		34,046
Hexpol AB		849		9,256
Hufvudstaden AB Class A		686		11,362
Intrum Justitia AB		335		11,359
JM AB		429		15,162
Loomis AB Class B		352		12,603
Modern Times Group MTG AB Class B		422		14,509
Svenska Cellulosa AB SCA Class B		3,399		25,690
Svenska Handelsbanken AB Class A		14,014		200,377
Trelleborg AB Class B		1,045		23,825
Wihlborgs Fastigheter AB		990		20,893
				535,471
SWITZERLAND — 14.30%
ABB Ltd. Registered		25,454		629,406
Cie. Financiere Richemont SA Class A Registered		2,674		220,588
Geberit AG Registered		143		66,778
Givaudan SA Registered		49		98,138
Nestle SA Registered		10,835		944,166
Novartis AG Registered		11,044		920,285
Partners Group Holding AG		110		68,287
Roche Holding AG		3,344		852,718
Roche Holding AG Bearer		165		42,557
Swiss Re AG		4,070		372,511
Vifor Pharma AG		110		12,141
				4,227,575
TAIWAN — 0.16%
Eclat Textile Co. Ltd.		1,000		12,196
Phison Electronics Corp.		1,000		12,344
Vanguard International Semiconductor Corp.		11,000		21,696
				46,236
THAILAND — 0.13%
Airports of Thailand PCL NVDR		20,900		29,070
Thai Union Group PCL NVDR		7,900		4,907

Security	Shares		Value
Thanachart Capital PCL NVDR		3,600	$	4,875
				38,852
TURKEY — 0.08%
BIM Birlesik Magazalar AS		1,345		24,914
				24,914
UNITED ARAB EMIRATES — 0.19%
First Abu Dhabi Bank PJSC		19,888		56,855
				56,855
UNITED KINGDOM — 15.85%
Ashtead Group PLC		1,646		33,974
Associated British Foods PLC		1,047		39,930
AVEVA Group PLC		242		6,098
BAE Systems PLC		25,905		213,168
Bellway PLC		924		35,707
Berendsen PLC		732		11,695
Bodycote PLC		674		6,597
Bovis Homes Group PLC		1,156		14,348
British American Tobacco PLC		12,628		858,540
BT Group PLC		82,645		316,419
Bunzl PLC		1,089		32,365
Burberry Group PLC		2,574		55,536
Close Brothers Group PLC		1,419		27,814
Compass Group PLC		7,435		156,455
Cranswick PLC		374		13,622
Croda International PLC		465		23,466
Daily Mail & General Trust PLC Class A NVS		1,694		14,677
Dairy Crest Group PLC		2,018		15,702
Dechra Pharmaceuticals PLC		113		2,495
Diageo PLC		15,026		442,766
Domino’s Pizza Group PLC		2,125		8,112
DS Smith PLC		5,239		32,229
Essentra PLC		2,323		17,034
Experian PLC		3,960		81,016
GKN PLC		8,229		34,846
Halma PLC		863		12,331
Hill & Smith Holdings PLC		220		3,944
Howden Joinery Group PLC		2,893		15,298
Inchcape PLC		2,633		25,805
InterContinental Hotels Group PLC		788		43,676
Intertek Group PLC		497		27,224
IWG PLC		3,994		16,778

259

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL DIVIDEND GROWTH ETF

June 30, 2017

Security	Shares		Value
James Fisher & Sons PLC		135	$	2,855
Janus Henderson Group PLCc		2		66
Jardine Lloyd Thompson Group PLC		1,298		20,232
Meggitt PLC		5,390		33,389
Micro Focus International PLC		760		22,419
Moneysupermarket.com Group PLC		2,827		12,988
National Grid PLC		35,256		435,884
Next PLC		1,298		65,014
Paragon Group of Companies PLC (The)		2,508		13,917
Provident Financial PLC		1,245		39,346
Prudential PLC		12,892		294,898
PZ Cussons PLC		1,809		8,041
QinetiQ Group PLC		6,700		23,515
RELX PLC		5,368		115,748
Renishaw PLC		154		7,241
Rentokil Initial PLC		3,345		11,875
Rightmove PLC		135		7,453
Schroders PLC		707		28,506
Schroders PLC NVS		323		9,281
Senior PLC		2,739		8,347
Shire PLC		696		38,314
SIG PLC		4,763		9,194
Sky PLC		9,064		117,030
Smiths Group PLC		2,717		56,362
Spectris PLC		693		22,711
Spirax-Sarco Engineering PLC		275		19,111
St. James’s Place PLC		3,161		48,533
Standard Life PLC		21,907		113,568
Synthomer PLC		883		5,598
Ted Baker PLC		165		5,122
Telecom Plus PLC		715		10,727
Travis Perkins PLC		1,585		29,956
Ultra Electronics Holdings PLC		760		20,218
UNITE Group PLC (The)		5,920		49,907
Victrex PLC		484		11,794
WH Smith PLC		990		22,054
Whitbread PLC		938		48,335
William Hill PLC		7, 960		26,283
Wolseley PLC		1,034		63,301

Security	Shares		Value
WPP PLC		7,865	$	164,890
				4,683,690
TOTAL COMMON STOCKS (Cost: $26,974,234)				29,248,229
PREFERRED STOCKS — 0.50%
COLOMBIA — 0.11%
Bancolombia SA, Preference Shares		3,003		33,322
				33,322
GERMANY — 0.39%
Bayerische Motoren Werke AG, Preference Shares		121		9,962
Fuchs Petrolub SE, Preference Shares		341		18,542
Henkel AG & Co. KGaA, Preference Shares		495		68,031
Sartorius AG, Preference Shares		176		16,958
				113,493
TOTAL PREFERRED STOCKS
(Cost: $131,160)				146,815
SHORT-TERM INVESTMENTS — 0.04%
MONEY MARKET FUNDS — 0.04%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		7,334		7,336
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		5,033		5,033
				12,369
TOTAL SHORT-TERM INVESTMENTS
(Cost: $12,368)				12,369

260

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL DIVIDEND GROWTH ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 99.50%
(Cost: $27,117,762)g	$	29,407,413
Other Assets, Less Liabilities — 0.50%		147,635
NET ASSETS — 100.00%	$	29,555,048

ADR  —  American Depositary Receipts

GDR  —  Global Depositary Receipts

NVDR  —  Non-Voting Depositary Receipts

NVS  —  Non-Voting Shares

^a  This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^b  This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^c  Non-income earning security.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $27,128,825. Net unrealized appreciation was $2,278,588, of which $2,526,813 represented gross unrealized appreciation on securities and $248,225 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	29,248,229	$	—	$	—	$	29,248,229
Preferred stocks		146,815		—		—		146,815
Money market funds		12,369		—		—		12,369
Total	$	29,407,413	$	—	$	—	$	29,407,413

261

Schedule of Investments (Unaudited)

iSHARES^® INTERNATIONAL PREFERRED STOCK ETF

June 30, 2017

Security	Shares		Value
PREFERRED STOCKS — 99.40%
AUSTRALIA — 0.69%
Brookfield Infrastructure Partners LP Series 5, 5.35%a		26,321	$	520,258
				520,258
CANADA — 79.53%
AltaGas Ltd., 5.25%a		21,055		422,981
AltaGas Ltd. Series K, 5.00%a		31,421		621,791
Bank of Montreal Series 27, 4.00%a		52,650		896,757
Bank of Montreal Series 29, 3.90%a		42,118		700,507
Bank of Montreal Series 31, 3.80%a		31,587		522,194
Bank of Montreal Series 38, 4.85%a		63,043		1,276,200
Bank of Montreal Series 40, 4.50%a		52,652		1,043,958
Bank of Nova Scotia (The) Series 32, 2.06%a		29,381		504,502
Bank of Nova Scotia (The) Series 34, 5.50%a		36,853		757,378
Bank of Nova Scotia (The) Series 38, 4.85%a		52,506		1,057,640
BCE Inc. Series AK, 2.95%a		59,879		809,176
BCE Inc. Series AM, 2.76%a		25,129		357,963
Brookfield Asset Management Inc., 5.00%a		26,333		534,081
Brookfield Asset Management Inc. Series 24, 3.01%a		24,725		379,052
Brookfield Asset Management Inc. Series 26, 3.47%a		26,045		406,107
Brookfield Asset Management Inc. Series 32, 4.50%a		31,559		586,613
Brookfield Asset Management Inc. Series 36, 4.85%		20,965		372,743
Brookfield Asset Management Inc. Series 37, 4.90%		20,965		380,653
Brookfield Asset Management Inc. Series 42, 4.50%a		31,601		587,150
Brookfield Asset Management Inc. Series 46, 4.80%a		31,601		636,059
Brookfield Office Properties Inc. Series EE, 5.10%a		28,905		561,986
Brookfield Office Properties Inc. Series T, 4.60%a		26,321		442,838

Security	Shares		Value
Brookfield Renewable Partners LP Series 9, 5.75%a		21,055	$	422,981
Canadian Imperial Bank of Commerce Series 39, 3.90%a		42,132		706,255
Canadian Imperial Bank of Commerce Series 41, 3.75%a		31,599		519,472
Canadian Utilities Ltd. Series FF, 4.50%a		26,321		547,619
Capital Power Corp. Series 7, 6.00%a		21,055		420,549
Element Fleet Management Corp. Series G, 6.50%a		18,160		342,589
Emera Inc. Series C, 4.10%a		26,321		472,225
Empire Life Insurance Co. (The) Series 1, 5.75%a		15,742		322,792
Enbridge Inc. Series 03, 4.00%a		46,517		711,348
Enbridge Inc. Series 07, 4.40%a		19,383		308,946
Enbridge Inc. Series 09, 4.40%a		21,315		349,588
Enbridge Inc. Series 11, 4.40%a		38,706		631,539
Enbridge Inc. Series 13, 4.40%a		27,134		447,114
Enbridge Inc. Series 15, 4.40%a		21,315		352,870
Enbridge Inc. Series 17, 5.15%a		58,148		1,175,318
Enbridge Inc. Series B, 3.42%a		38,765		565,342
Enbridge Inc. Series D, 4.00%a		34,886		523,545
Enbridge Inc. Series F, 4.00%a		38,765		605,041
Enbridge Inc. Series H, 4.00%a		27,134		385,271
Enbridge Inc. Series N, 4.00%a		34,886		564,107
Enbridge Inc. Series P, 4.00%a		31,006		482,268
Enbridge Inc. Series R, 4.00%a		31,006		483,461
Fairfax Financial Holdings Ltd. Series K, 4.67%a		25,009		447,724
Fairfax Financial Holdings Ltd. Series M, 4.75%a		24,213		456,219
Fortis Inc./Canada Series M, 4.10%a		63,182		1,137,928
Husky Energy Inc. Series 3, 4.50%a		26,321		476,076
Husky Energy Inc. Series 5, 4.50%a		21,055		396,068
Industrial Alliance Insurance & Financial Services Inc. Series G, 3.77%a		26,321		466,348
Intact Financial Corp. Series 3, 3.33%a		22,125		380,420
Manulife Financial Corp. Series 15, 3.90%a		21,055		343,216
Manulife Financial Corp. Series 17, 3.90%a		36,853		626,561

262

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL PREFERRED STOCK ETF

June 30, 2017

Security	Shares		Value
Manulife Financial Corp. Series 21, 5.60%a		44,747	$	929,602
Manulife Financial Corp. Series 23, 4.85%a		50,206		998,167
National Bank of Canada Series 30, 4.10%a		36,853		631,385
National Bank of Canada Series 32, 3.90%a		31,587		526,572
National Bank of Canada Series 34, 5.60%a		42,118		878,877
National Bank of Canada Series 36, 5.40%a		41,970		868,679
Pembina Pipeline Corp. Series 01, 4.25%a		26,321		419,328
Pembina Pipeline Corp. Series 05, 5.00%a		26,321		475,671
Pembina Pipeline Corp. Series 07, 4.50%a		26,326		462,180
Pembina Pipeline Corp. Series 09, 4.75%a		23,688		453,076
Pembina Pipeline Corp. Series 11, 5.75%a		17,897		369,598
Pembina Pipeline Corp. Series 13, 5.75%a		26,253		542,768
Power Financial Corp. Series S, 4.80%		31,587		582,999
Royal Bank of Canada Series AJ, 3.52%a		35,749		681,012
Royal Bank of Canada Series AZ, 4.00%a		52,650		881,351
Royal Bank of Canada Series BB, 3.90%a		52,650		882,162
Royal Bank of Canada Series BD, 3.60%a		63,034		1,146,426
Royal Bank of Canada Series BK, 5.50%a,b		76,346		1,584,296
Royal Bank of Canada Series BM, 5.50%a		78,979		1,644,408
Sun Life Financial Inc. Series 4, 4.45%		31,587		538,976
Toronto-Dominion Bank (The) Series 01, 3.90%a		51,983		870,586
Toronto-Dominion Bank (The) Series 03, 3.80%a		51,984		871,403
Toronto-Dominion Bank (The) Series 05, 3.75%a		51,984		865,800

Security	Shares		Value
Toronto-Dominion Bank (The) Series 07, 3.60%a		36,391	$	668,023
Toronto-Dominion Bank (The) Series 09, 3.70%a		20,791		386,779
Toronto-Dominion Bank (The) Series 12, 5.50%a		72,781		1,518,162
Toronto-Dominion Bank (The) Series 14, 4.85%a		104,503		2,118,706
TransCanada Corp. Series 01, 3.27%a		25,004		375,243
TransCanada Corp. Series 05, 2.26%a		33,466		413,848
TransCanada Corp. Series 07, 4.00%a		63,184		1,078,609
TransCanada Corp. Series 09, 4.25%a		47,384		817,280
TransCanada Corp. Series 11, 3.80%a		26,321		494,925
TransCanada Corp. Series 13, 5.50%a		52,506		1,091,196
TransCanada Corp. Series 15, 4.90%a		105,328		2,125,700
Westcoast Energy Inc. Series 12, 5.20%a		31,593		641,737
				59,764,659
SINGAPORE — 0.95%
City Developments Ltd., Preference Sharesa,c		868,729		716,133
				716,133
SWEDEN — 2.83%
Klovern AB, Preference Shares		43,289		1,505,316
Sagax AB, Preference Shares		153,352		618,168
				2,123,484
UNITED KINGDOM — 15.40%
Aviva PLC, 8.38%		263,266		526,205
Aviva PLC, 8.75%		263,266		537,747
Balfour Beatty PLC, 9.68%c		295,002		450,251
Doric Nimrod Air Three Ltd., Preference Shares		579,464		805,383
Doric Nimrod Air Two Ltd., Preference Shares		454,792		1,307,038
Ecclesiastical Insurance Group PLC, 8.63%		280,249		525,112
General Accident PLC, 7.88%		289,595		537,922
General Accident PLC, 8.88%		368,574		761,227
Lloyds Banking Group PLC, 6.48%		521,440		760,296
Lloyds Banking Group PLC, 9.25%		790,149		1,608,825
Lloyds Banking Group PLC, 9.75%		146,742		309,742
National Westminster Bank PLC Series A, 9.00%		368,748		713,688

263

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL PREFERRED STOCK ETF

June 30, 2017

Security	Shares		Value
Raven Russia Ltd., 12.00%		260,107	$	469,633
RSA Insurance Group PLC, 7.38%		329,081		570,658
Santander UK PLC, 10.38%		358,436		812,455
Standard Chartered PLC, 7.38%		252,826		403,942
Standard Chartered PLC, 8.25%		261,293		469,654
				11,569,778
TOTAL PREFERRED STOCKS (Cost: $71,131,210)				74,694,312
SHORT-TERM INVESTMENTS — 0.07%
MONEY MARKET FUNDS — 0.07%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		52,446		52,446
				52,446
TOTAL SHORT-TERM INVESTMENTS (Cost: $52,446)				52,446

Security	Value
TOTAL INVESTMENTS IN SECURITIES — 99.47%
(Cost: $71,183,656)f	$	74,746,758
Other Assets, Less Liabilities — 0.53%		395,412
NET ASSETS — 100.00%	$	75,142,170

^a  Variable rate security. Rate shown is as of report date.

^b  This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^c  Convertible preferred stock.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  The cost of investments for federal income tax purposes was $71,635,665. Net unrealized appreciation was $3,111,093, of which $4,152,565 represented gross unrealized appreciation on securities and $1,041,472 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Preferred stocks	$	74,694,312	$	—	$	—	$	74,694,312
Money market funds		52,446		—		—		52,446
Total	$	74,746,758	$	—	$	—	$	74,746,758

264

Schedule of Investments (Unaudited)

iSHARES^® JPX-NIKKEI 400 ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.56%
AIR FREIGHT & LOGISTICS — 0.23%
Yamato Holdings Co. Ltd.		10,000	$	202,786
				202,786
AIRLINES — 0.75%
ANA Holdings Inc.		100,000		347,454
Japan Airlines Co. Ltd.		10,000		309,185
				656,639
AUTO COMPONENTS — 3.76%
Aisin Seiki Co. Ltd.		5,000		255,874
Bridgestone Corp.		20,000		861,517
Denso Corp.		14,000		590,851
Eagle Industry Co. Ltd.		1,000		16,865
Koito Manufacturing Co. Ltd.		3,000		154,325
Mitsuba Corp.		1,000		18,414
NGK Spark Plug Co. Ltd.		5,000		106,310
NHK Spring Co. Ltd.		6,000		63,065
Nifco Inc./Japan		1,000		53,667
Nissin Kogyo Co. Ltd.		1,000		15,877
NOK Corp.		3,000		63,386
Stanley Electric Co. Ltd.		4,000		120,683
Sumitomo Electric Industries Ltd.		22,000		338,733
Sumitomo Rubber Industries Ltd.		6,000		101,246
Toyo Tire & Rubber Co. Ltd.		3,000		61,116
Toyoda Gosei Co. Ltd.		2,000		47,686
Toyota Industries Corp.		5,000		262,994
TPR Co. Ltd.		1,000		32,262
TS Tech Co. Ltd.		1,600		46,565
Yokohama Rubber Co. Ltd. (The)		4,000		80,278
				3,291,714
AUTOMOBILES — 5.59%
Honda Motor Co. Ltd.		45,000		1,227,127
Isuzu Motors Ltd.		16,000		197,365
Mazda Motor Corp.		18,000		251,192
Nissan Motor Co. Ltd.		67,000		666,661
Subaru Corp.		18,000		606,515
Suzuki Motor Corp.		11,000		521,805
Toyota Motor Corp.		23,084		1,210,698
Yamaha Motor Co. Ltd.		8,000		206,337
				4,887,700
BANKS — 7.95%
Aozora Bank Ltd.		36,000		137,131

Security	Shares		Value
Chiba Bank Ltd. (The)		20,000	$	144,891
Chugoku Bank Ltd. (The)		5,000		74,760
Concordia Financial Group Ltd.		36,000		181,538
Fukuoka Financial Group Inc.		22,000		104,557
Gunma Bank Ltd. (The)		12,000		71,983
Hachijuni Bank Ltd. (The)		14,000		88,839
Hiroshima Bank Ltd. (The)		20,000		88,644
Hokuhoku Financial Group Inc.		4,000		63,759
Kyushu Financial Group Inc.		12,000		75,721
Mitsubishi UFJ Financial Group Inc.		242,000		1,625,682
Mizuho Financial Group Inc.		753,000		1,376,524
North Pacific Bank Ltd.		8,600		30,080
Resona Holdings Inc.		65,000		357,801
Seven Bank Ltd.		20,000		71,556
Shinsei Bank Ltd.		50,000		87,220
Shizuoka Bank Ltd. (The)		15,000		135,502
Sumitomo Mitsui Financial Group Inc.		40,000		1,558,918
Sumitomo Mitsui Trust Holdings Inc.		12,004		429,370
Suruga Bank Ltd.		6,000		145,354
Tokyo TY Financial Group Inc.		1,000		27,545
Yamaguchi Financial Group Inc.		6,000		72,463
				6,949,838
BEVERAGES — 1.23%
Asahi Group Holdings Ltd.		12,000		451,549
Ito EN Ltd.		2,000		72,980
Kirin Holdings Co. Ltd.		27,000		550,044
				1,074,573
BUILDING PRODUCTS — 1.57%
Aica Kogyo Co. Ltd.		2,000		60,876
Asahi Glass Co. Ltd.		6,000		252,581
Daikin Industries Ltd.		8,000		816,661
Sankyo Tateyama Inc.		1,000		15,254
Sanwa Holdings Corp.		6,000		63,225
TOTO Ltd.		4,300		164,178
				1,372,775
CAPITAL MARKETS — 1.73%
Daiwa Securities Group Inc.		50,000		296,280
Jafco Co. Ltd.		1,000		40,272
Japan Exchange Group Inc.		17,000		307,894
kabu.com Securities Co. Ltd.		5,000		16,821
Matsui Securities Co. Ltd.		3,000		24,457
Nomura Holdings Inc.		114,000		683,229
Okasan Securities Group Inc.		5,000		32,084

265

Schedule of Investments (Unaudited) (Continued)

iSHARES^® JPX-NIKKEI 400 ETF

June 30, 2017

Security	Shares		Value
SBI Holdings Inc./Japan		6,000	$	81,275
Tokai Tokyo Financial Holdings Inc.		6,000		33,268
				1,515,580
CHEMICALS — 5.05%
Air Water Inc.		5,000		91,848
Asahi Kasei Corp.		36,000		386,882
Daicel Corp.		8,000		99,466
Denka Co. Ltd.		10,000		51,531
DIC Corp.		2,600		93,370
Hitachi Chemical Co. Ltd.		3,000		89,445
JSR Corp.		6,000		103,435
Kansai Paint Co. Ltd.		6,000		138,038
Kuraray Co. Ltd.		10,000		181,381
Mitsubishi Chemical Holdings Corp.		39,000		322,836
Mitsubishi Gas Chemical Co. Inc.		6,000		126,825
Nihon Parkerizing Co. Ltd.		3,000		44,669
Nippon Kayaku Co. Ltd.		4,000		56,604
Nippon Paint Holdings Co. Ltd.		4,600		173,994
Nissan Chemical Industries Ltd.		3,000		99,057
Nitto Denko Corp.		4,200		345,390
NOF Corp.		5,000		63,635
Shin-Etsu Chemical Co. Ltd.		10,500		951,784
Sumitomo Chemical Co. Ltd.		43,000		247,223
Taiyo Nippon Sanso Corp.		5,000		56,114
Toray Industries Inc.		43,000		359,851
Tosoh Corp.		20,000		204,877
Ube Industries Ltd.		30,000		77,163
Zeon Corp.		5,000		53,266
				4,418,684
COMMERCIAL SERVICES & SUPPLIES — 0.80%
Aeon Delight Co. Ltd.		1,000		32,351
Park24 Co. Ltd.		3,000		76,255
Pilot Corp.		1,000		42,408
Secom Co. Ltd.		6,000		455,233
Sohgo Security Services Co. Ltd.		2,000		90,068
				696,315
COMMUNICATIONS EQUIPMENT — 0.03%
Hitachi Kokusai Electric Inc.		1,000		23,327
				23,327
CONSTRUCTION & ENGINEERING — 1.50%
COMSYS Holdings Corp.		2,000		41,171
Hazama Ando Corp.		4,000		25,205
JGC Corp.		6,000		97,294

Security	Shares		Value
Kajima Corp.		30,000	$	253,115
Kumagai Gumi Co. Ltd.		10,000		32,129
Kyowa Exeo Corp.		2,000		33,624
Kyudenko Corp.		1,000		35,822
Nippo Corp.		1,000		20,105
Obayashi Corp.		19,000		223,380
Shimizu Corp.		20,000		211,997
Sumitomo Mitsui Construction Co. Ltd.		24,600		26,273
Taisei Corp.		32,000		292,204
Tokyu Construction Co. Ltd.		2,000		16,376
				1,308,695
CONSTRUCTION MATERIALS — 0.20%
Sumitomo Osaka Cement Co. Ltd.		10,000		47,437
Taiheiyo Cement Corp.		36,000		131,043
				178,480
CONSUMER FINANCE — 0.14%
AEON Financial Service Co. Ltd.		3,600		76,191
Hitachi Capital Corp.		1,000		24,048
Orient Corp.a		13,000		22,677
				122,916
DIVERSIFIED FINANCIAL SERVICES — 1.05%
Financial Products Group Co. Ltd.		2,000		19,064
Fuyo General Lease Co. Ltd.		1,000		57,049
IBJ Leasing Co. Ltd.		1,000		24,012
Mitsubishi UFJ Lease & Finance Co. Ltd.		14,000		76,504
ORIX Corp.		40,000		619,437
Tokyo Century Corp.		1,000		39,961
Zenkoku Hosho Co. Ltd.		2,000		81,791
				917,818
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.35%
Nippon Telegraph & Telephone Corp.		25,000		1,181,470
				1,181,470
ELECTRIC UTILITIES — 0.51%
Chubu Electric Power Co. Inc.		19,000		252,381
Tohoku Electric Power Co. Inc.		14,000		193,752
				446,133
ELECTRICAL EQUIPMENT — 1.93%
Fuji Electric Co. Ltd.		20,000		105,376
Mitsubishi Electric Corp.		60,000		862,673
Nidec Corp.		7,000		717,070
				1,685,119

266

Schedule of Investments (Unaudited) (Continued)

iSHARES^® JPX-NIKKEI 400 ETF

June 30, 2017

Security	Shares		Value
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.64%
Alps Electric Co. Ltd.		5,000	$	144,179
Enplas Corp.		300		9,251
Hamamatsu Photonics KK		4,000		122,819
Hirose Electric Co. Ltd.		1,050		149,706
Hitachi High-Technologies Corp.		2,000		77,608
Hitachi Ltd.		140,000		858,989
HORIBA Ltd.		1,000		60,787
Japan Aviation Electronics Industry Ltd.		2,000		27,679
Keyence Corp.		2,572		1,129,428
Kyocera Corp.		9,000		521,129
Murata Manufacturing Co. Ltd.		6,000		911,534
Oki Electric Industry Co. Ltd.		2,000		28,337
Omron Corp.		6,000		260,324
Shimadzu Corp.		7,000		133,197
TDK Corp.		3,000		197,312
Topcon Corp.		3,000		51,638
Yaskawa Electric Corp.		7,000		148,336
Yokogawa Electric Corp.		6,000		96,173
				4,928,426
FOOD & STAPLES RETAILING — 2.44%
Aeon Co. Ltd.		23,000		349,421
Ain Holdings Inc.		1,000		72,268
Cosmos Pharmaceutical Corp.		300		58,419
Create SD Holdings Co. Ltd.		1,000		23,113
FamilyMart UNY Holdings Co. Ltd.		2,000		114,453
Lawson Inc.		2,000		139,907
Matsumotokiyoshi Holdings Co. Ltd.		1,000		56,871
Seven & I Holdings Co. Ltd.		23,000		947,348
Sugi Holdings Co. Ltd.		1,000		53,578
Sundrug Co. Ltd.		2,000		74,582
Tsuruha Holdings Inc.		1,100		116,794
Valor Holdings Co. Ltd.		1,000		22,695
Welcia Holdings Co. Ltd.		2,000		74,048
Yaoko Co. Ltd.		600		25,659
				2,129,156
FOOD PRODUCTS — 1.97%
Ajinomoto Co. Inc.		13,000		280,745
Calbee Inc.a		2,600		102,163
Ezaki Glico Co. Ltd.		2,000		107,690
Kewpie Corp.		3,000		78,765
Kikkoman Corp.		4,000		127,803

Security	Shares		Value
MEIJI Holdings Co. Ltd.		3,700	$	299,991
NH Foods Ltd.		4,000		121,573
Nichirei Corp.		3,000		84,105
Nippon Suisan Kaisha Ltd.		8,000		46,778
Nissin Foods Holdings Co. Ltd.		2,000		124,955
Toyo Suisan Kaisha Ltd.		3,000		114,943
Yakult Honsha Co. Ltd.		3,400		231,488
				1,720,999
GAS UTILITIES — 0.71%
Osaka Gas Co. Ltd.		50,000		204,477
Toho Gas Co. Ltd.		14,000		101,922
Tokyo Gas Co. Ltd.		60,000		312,015
				618,414
HEALTH CARE EQUIPMENT & SUPPLIES — 1.90%
Asahi Intecc Co. Ltd.		1,000		45,479
Hoya Corp.		12,000		622,962
Nihon Kohden Corp.		2,000		46,173
Olympus Corp.		9,000		328,409
Sysmex Corp.		4,400		262,762
Terumo Corp.		9,000		354,441
				1,660,226
HEALTH CARE PROVIDERS & SERVICES — 0.36%
Alfresa Holdings Corp.		7,000		135,004
Medipal Holdings Corp.		6,000		110,965
Ship Healthcare Holdings Inc.		1,000		31,105
Toho Holdings Co. Ltd.		2,000		39,373
				316,447
HEALTH CARE TECHNOLOGY — 0.16%
M3 Inc.		5,000		137,727
				137,727
HOTELS, RESTAURANTS & LEISURE — 0.54%
HIS Co. Ltd.a		1,000		30,126
Oriental Land Co. Ltd./Japan		6,000		406,266
Resorttrust Inc.		2,000		36,846
				473,238
HOUSEHOLD DURABLES — 2.40%
Casio Computer Co. Ltd.		5,000		76,851
Fujitsu General Ltd.		2,000		46,351
Haseko Corp.		7,000		84,977
Iida Group Holdings Co. Ltd.		5,000		83,259
Nikon Corp.		10,000		159,843
Panasonic Corp.		65,000		881,631

267

Schedule of Investments (Unaudited) (Continued)

iSHARES^® JPX-NIKKEI 400 ETF

June 30, 2017

Security	Shares		Value
Pressance Corp.		800	$	10,552
Rinnai Corp.		1,000		93,183
Sekisui Chemical Co. Ltd.		13,600		243,410
Sekisui House Ltd.		19,000		334,732
Starts Corp. Inc.		1,000		23,772
Sumitomo Forestry Co. Ltd.		4,000		62,869
				2,101,430
HOUSEHOLD PRODUCTS — 0.47%
Pigeon Corp.		3,000		108,669
Unicharm Corp.		12,000		301,388
				410,057
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.11%
Electric Power Development Co. Ltd.		4,000		98,896
				98,896
INDUSTRIAL CONGLOMERATES — 0.12%
Keihan Holdings Co. Ltd.		16,000		101,673
				101,673
INSURANCE — 3.37%
Dai-ichi Life Holdings Inc.		34,000		613,216
MS&AD Insurance Group Holdings Inc.		17,000		571,004
Sompo Holdings Inc.		12,000		463,403
Sony Financial Holdings Inc.		5,000		85,173
T&D Holdings Inc.		20,000		304,290
Tokio Marine Holdings Inc.		22,000		910,662
				2,947,748
INTERNET & DIRECT MARKETING RETAIL — 0.54%
Rakuten Inc.		30,000		352,973
Start Today Co. Ltd.		5,000		123,042
				476,015
INTERNET SOFTWARE & SERVICES — 0.57%
COOKPAD Inc.		1,000		8,108
DeNA Co. Ltd.		2,600		58,220
Dip Corp.		1,000		20,310
GMO Internet Inc.		2,000		25,970
Gree Inc.		3,600		31,431
Gurunavi Inc.		1,000		16,251
Kakaku.com Inc.		4,000		57,423
Mixi Inc.		2,000		111,250
Yahoo Japan Corp.		39,600		172,342
				501,305

Security	Shares		Value
IT SERVICES — 1.23%
Fujitsu Ltd.		54,000	$	397,839
Itochu Techno-Solutions Corp.		1,000		34,977
Nomura Research Institute Ltd.		4,088		160,995
NTT Data Corp.		17,000		189,124
Obic Co. Ltd.		2,000		122,820
Otsuka Corp.		1,600		99,252
SCSK Corp.		1,600		71,769
				1,076,776
LEISURE PRODUCTS — 0.82%
Bandai Namco Holdings Inc.		6,000		204,521
Heiwa Corp.		2,000		44,589
Shimano Inc.		2,100		332,307
Yamaha Corp.		4,000		138,127
				719,544
MACHINERY — 6.10%
Daifuku Co. Ltd.		3,000		89,578
DMG Mori Co. Ltd.		3,000		49,208
Ebara Corp.		3,000		83,037
FANUC Corp.		6,000		1,156,372
Hino Motors Ltd.		8,000		88,786
Hitachi Construction Machinery Co. Ltd.		3,000		74,947
Hoshizaki Corp.		1,600		144,678
IHI Corp.b		40,000		135,991
JTEKT Corp.		6,000		87,682
Kawasaki Heavy Industries Ltd.		40,000		118,192
Komatsu Ltd.		27,000		685,934
Kubota Corp.		28,000		470,363
Makita Corp.		7,200		266,251
MINEBEA MITSUMI Inc.		9,000		144,580
Mitsubishi Heavy Industries Ltd.		95,000		388,759
Nabtesco Corp.		3,000		87,175
Nachi-Fujikoshi Corp.		6,000		34,016
Namura Shipbuilding Co. Ltd.		2,000		11,766
NGK Insulators Ltd.		8,000		159,416
NSK Ltd.		12,000		149,840
OSG Corp.		3,000		61,009
SMC Corp./Japan		1,700		516,687
Sumitomo Heavy Industries Ltd.		20,000		131,898
Tadano Ltd.		3,000		36,018
Takeuchi Manufacturing Co. Ltd.		1,000		18,298
THK Co. Ltd.		4,000		113,208

268

Schedule of Investments (Unaudited) (Continued)

iSHARES^® JPX-NIKKEI 400 ETF

June 30, 2017

Security	Shares		Value
Tsubakimoto Chain Co.		3,000	$	25,846
				5,329,535
MARINE — 0.11%
Nippon Yusen KKb		50,000		93,005
				93,005
MEDIA — 0.90%
CyberAgent Inc.		3,100		96,151
Daiichikosho Co. Ltd.		1,000		46,903
Dentsu Inc.		6,500		310,653
Hakuhodo DY Holdings Inc.		9,000		119,429
Nippon Television Network Corp.		5,000		84,016
Toho Co. Ltd./Tokyo		4,000		123,175
USEN Corp.		2,000		8,188
				788,515
METALS & MINING — 1.68%
Dowa Holdings Co. Ltd.		10,000		75,739
Hitachi Metals Ltd.		6,000		83,410
JFE Holdings Inc.		16,025		278,184
Kobe Steel Ltd.b		10,000		102,706
Mitsubishi Materials Corp.		4,000		121,040
Nippon Steel & Sumitomo Metal Corp.		27,004		609,969
Sumitomo Metal Mining Co. Ltd.		15,000		200,316
				1,471,364
MULTILINE RETAIL — 0.72%
Don Quijote Holdings Co. Ltd.		3,600		136,490
Izumi Co. Ltd.		1,000		56,782
J Front Retailing Co. Ltd.		7,000		107,405
Ryohin Keikaku Co. Ltd.		700		174,875
Seria Co. Ltd.		1,200		57,992
Takashimaya Co. Ltd.		10,000		95,141
				628,685
OIL, GAS & CONSUMABLE FUELS — 0.40%
INPEX Corp.		33,000		317,488
Nippon Gas Co. Ltd.		1,000		32,396
				349,884
PAPER & FOREST PRODUCTS — 0.17%
Daio Paper Corp.a		2,000		26,967
Oji Holdings Corp.		23,000		118,725
				145,692
PERSONAL PRODUCTS — 1.77%
Ci:z Holdings Co. Ltd.		1,000		37,736
Kao Corp.		15,000		890,708

Security	Shares		Value
Kobayashi Pharmaceutical Co. Ltd.		2,000	$	118,725
Kose Corp.		1,000		109,203
Shiseido Co. Ltd.		11,000		391,011
				1,547,383
PHARMACEUTICALS — 5.76%
Astellas Pharma Inc.		60,040		734,469
Chugai Pharmaceutical Co. Ltd.		6,000		224,546
Daiichi Sankyo Co. Ltd.		17,003		400,560
Eisai Co. Ltd.		7,200		397,615
Hisamitsu Pharmaceutical Co. Inc.		2,000		95,764
Kaken Pharmaceutical Co. Ltd.		1,000		54,557
KYORIN Holdings Inc.		1,600		35,486
Kyowa Hakko Kirin Co. Ltd.		7,000		130,019
Mitsubishi Tanabe Pharma Corp.		7,000		161,730
Ono Pharmaceutical Co. Ltd.		13,600		296,668
Otsuka Holdings Co. Ltd.		13,000		554,201
Santen Pharmaceutical Co. Ltd.		11,000		149,199
Sawai Pharmaceutical Co. Ltd.		1,000		56,159
Shionogi & Co. Ltd.		8,000		445,639
Taisho Pharmaceutical Holdings Co. Ltd.		1,300		98,923
Takeda Pharmaceutical Co. Ltd.		22,000		1,117,818
Tsumura & Co.		2,000		81,168
				5,034,521
PROFESSIONAL SERVICES — 0.19%
Nihon M&A Center Inc.		2,000		73,158
Temp Holdings Co. Ltd.		5,000		93,716
				166,874
REAL ESTATE MANAGEMENT & DEVELOPMENT — 4.03%
Aeon Mall Co. Ltd.		4,000		78,747
Daikyo Inc.		10,000		20,381
Daito Trust Construction Co. Ltd.		2,300		358,121
Daiwa House Industry Co. Ltd.		19,000		649,003
Hulic Co. Ltd.		11,000		112,291
Ichigo Inc.		5,000		14,908
Leopalace21 Corp.		6,600		41,000
Mitsubishi Estate Co. Ltd.		42,000		782,547
Mitsui Fudosan Co. Ltd.		30,000		715,691
Nomura Real Estate Holdings Inc.		4,000		78,462
NTT Urban Development Corp.		3,000		28,943
Relo Group Inc.		3,000		58,393
Sumitomo Realty & Development Co. Ltd.		13,000		400,899
Takara Leben Co. Ltd.		2,000		8,971

269

Schedule of Investments (Unaudited) (Continued)

iSHARES^® JPX-NIKKEI 400 ETF

June 30, 2017

Security	Shares		Value
Tokyo Tatemono Co. Ltd.		7,000	$	91,705
Tokyu Fudosan Holdings Corp.		13,600		80,370
				3,520,432
ROAD & RAIL — 4.63%
Central Japan Railway Co.		5,000		814,792
East Japan Railway Co.		11,000		1,051,931
Hankyu Hanshin Holdings Inc.		7,000		251,691
Keio Corp.		16,000		133,855
Keisei Electric Railway Co. Ltd.		4,000		106,800
Kintetsu Group Holdings Co. Ltd.		56,000		215,806
Nagoya Railroad Co. Ltd.		30,000		139,907
Nankai Electric Railway Co. Ltd.		16,000		82,734
Nippon Express Co. Ltd.		20,000		125,134
Nishi-Nippon Railroad Co. Ltd.		10,000		44,945
Odakyu Electric Railway Co. Ltd.		9,000		181,506
Sankyu Inc.		10,000		65,148
Sotetsu Holdings Inc.		10,000		49,573
Tobu Railway Co. Ltd.		30,000		163,670
Tokyu Corp.		30,000		228,818
West Japan Railway Co.		5,500		388,466
				4,044,776
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.92%
Disco Corp.		1,000		159,487
NuFlare Technology Inc.		100		5,972
Renesas Electronics Corp.b		3,000		26,139
SCREEN Holdings Co. Ltd.		1,100		73,425
Tokyo Electron Ltd.		4,000		539,694
				804,717
SOFTWARE — 0.44%
COLOPL Inc.a		2,000		20,256
GungHo Online Entertainment Inc.		12,000		30,865
Nexon Co. Ltd.b		6,000		118,548
Oracle Corp. Japan		1,000		64,881
Trend Micro Inc./Japan		3,000		154,592
				389,142
SPECIALTY RETAIL — 1.33%
ABC-Mart Inc.		1,000		58,829
Fast Retailing Co. Ltd.		1,000		333,037
Geo Holdings Corp.		1,000		10,368
Hikari Tsushin Inc.		600		63,119
K’s Holdings Corp.		2,000		39,071
Nitori Holdings Co. Ltd.		2,400		321,253

Security	Shares		Value
Nojima Corp.		1,000	$	15,548
Sanrio Co. Ltd.		2,000		39,249
Shimamura Co. Ltd.		600		73,478
T-Gaia Corp.		1,000		18,975
United Arrows Ltd.		1,000		32,440
USS Co. Ltd.		7,000		139,115
VT Holdings Co. Ltd.		3,000		14,792
				1,159,274
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 2.59%
Brother Industries Ltd.		7,000		161,543
Canon Inc.		30,050		1,020,566
FUJIFILM Holdings Corp.		12,000		431,471
Konica Minolta Inc.		13,000		107,832
NEC Corp.		80,000		212,175
Ricoh Co. Ltd.		17,000		150,089
Seiko Epson Corp.		8,000		177,928
				2,261,604
TEXTILES, APPAREL & LUXURY GOODS — 0.15%
Asics Corp.		6,000		111,179
Seiko Holdings Corp.		4,000		16,340
				127,519
TOBACCO — 1.08%
Japan Tobacco Inc.		27,000		948,460
				948,460
TRADING COMPANIES & DISTRIBUTORS — 4.16%
Hanwa Co. Ltd.		6,000		42,933
ITOCHU Corp.		41,000		609,016
Iwatani Corp.		6,000		37,220
Kanamoto Co. Ltd.		1,000		33,197
Kanematsu Corp.		10,000		20,470
Marubeni Corp.		55,000		355,278
MISUMI Group Inc.		6,000		137,024
Mitsubishi Corp.		42,000		880,669
Mitsui & Co. Ltd.		50,000		714,445
MonotaRO Co. Ltd.		2,000		64,436
Nippon Steel & Sumikin Bussan Corp.		600		28,782
Sojitz Corp.		33,000		81,061
Sumitomo Corp.		35,000		455,411
Toyota Tsusho Corp.		6,000		179,690
				3,639,632

270

Schedule of Investments (Unaudited) (Continued)

iSHARES^® JPX-NIKKEI 400 ETF

June 30, 2017

Security	Shares		Value
WIRELESS TELECOMMUNICATION SERVICES — 3.71%
KDDI Corp.		37,000	$	979,663
NTT DOCOMO Inc.		41,000		967,711
SoftBank Group Corp.		16,000		1,295,408
				3,242,782
TOTAL COMMON STOCKS
(Cost: $83,464,196)				87,042,435
SHORT-TERM INVESTMENTS — 0.25%
MONEY MARKET FUNDS — 0.25%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		196,789		196,848
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		20,453		20,453
				217,301
TOTAL SHORT-TERM INVESTMENTS
(Cost: $217,304)				217,301
TOTAL INVESTMENTS IN SECURITIES — 99.81% (Cost: $83,681,500)f				87,259,736
Other Assets, Less Liabilities — 0.19%				166,313
NET ASSETS — 100.00%			$	87,426,049

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $87,225,255. Net unrealized appreciation was $34,481, of which $11,507,748 represented gross unrealized appreciation on securities and $11,473,267 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	87,042,435	$	—	$	—	$	87,042,435
Money market funds		217,301		—		—		217,301
Total	$	87,259,736	$	—	$	—	$	87,259,736

271

Schedule of Investments (Unaudited)

iSHARES^® LATIN AMERICA 40 ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 72.85%
BRAZIL — 28.06%
Ambev SA ADR		10,058,238	$	55,219,727
Banco do Brasil SA		2,483,800		20,090,799
BM&FBovespa SA-Bolsa de Valores Mercadorias e Futuros		4,708,300		28,065,774
BRF SA ADR		1,388,422		16,369,495
CCR SA		2,263,700		11,546,527
Cielo SA		2,547,516		18,914,629
CPFL Energia SA ADR		744,830		11,880,039
Embraer SA ADR		381,005		6,945,721
Kroton Educacional SA		3,234,900		14,518,362
Petroleo Brasileiro SA ADRa		3,403,362		27,192,862
Ultrapar Participacoes SA		989,600		23,153,638
Vale SA ADR		2,942,408		25,746,070
				259,643,643
CHILE — 10.52%
Banco de Chile		53,580,386		6,949,793
Banco Santander Chile ADR		355,513		9,033,585
Cencosud SA		2,683,906		7,119,129
Empresas CMPC SA		2,858,570		6,823,413
Empresas COPEC SA		1,159,175		12,641,107
Enel Americas SA ADR		1,305,963		12,315,231
Enel Generacion Chile SA ADR		250,100		5,662,264
LATAM Airlines Group SA ADRb		874,277		9,678,246
SACI Falabella		2,449,213		20,095,908
Sociedad Quimica y Minera de Chile SA ADR		211,971		6,999,282
				97,317,958
COLOMBIA — 1.80%
Bancolombia SA ADR		258,464		11,514,571
Ecopetrol SA ADRb		564,219		5,128,751
				16,643,322
MEXICO — 27.92%
Alfa SAB de CV		7,793,100		11,117,161
America Movil SAB de CV		54,998,900		44,364,366
Cemex SAB de CV CPOa		33,302,615		31,371,129
Fibra Uno Administracion SA de CV		6,128,100		11,653,708
Fomento Economico Mexicano SAB de CV		4,941,300		48,802,154

Security	Shares		Value
Grupo Financiero Banorte SAB de CV		5,581,200	$	35,581,412
Grupo Mexico SAB de CV Series B		7,832,400		22,099,790
Grupo Televisa SAB		5,591,000		27,322,143
Wal-Mart de Mexico SAB de CV		11,179,200		26,021,337
				258,333,200
PERU — 4.55%
Credicorp Ltd.		159,699		28,648,404
Southern Copper Corp.		389,222		13,478,758
				42,127,162
TOTAL COMMON STOCKS (Cost: $723,684,023)				674,065,285
PREFERRED STOCKS — 26.84%
BRAZIL — 26.84%
Banco Bradesco SA ADR, Preference Sharesb		6,991,747		59,429,849
Cia. Energetica de Minas Gerais ADR, Preference Shares		1,916,825		4,600,380
Gerdau SA ADR, Preference Shares		2,044,354		6,235,280
Itau Unibanco Holding SA ADR, Preference Sharesb		7,386,235		81,617,897
Itausa-Investimentos Itau SA, Preference Shares		9,144,296		24,894,454
Petroleo Brasileiro SA ADR, Preference Sharesa		4,675,157		34,876,671
Vale SA ADR, Preference Sharesb		4,499,047		36,667,233
				248,321,764
TOTAL PREFERRED STOCKS (Cost: $420,998,167)				248,321,764
SHORT-TERM INVESTMENTS — 2.09%
MONEY MARKET FUNDS — 2.09%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		19,015,667		19,021,372

272

Schedule of Investments (Unaudited) (Continued)

iSHARES^® LATIN AMERICA 40 ETF

June 30, 2017

Security	Shares		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		330,424	$	330,424
				19,351,796
TOTAL SHORT-TERM INVESTMENTS (Cost: $19,351,800)				19,351,796
TOTAL INVESTMENTS IN SECURITIES — 101.78% (Cost: $1,164,033,990)f				941,738,845
Other Assets, Less Liabilities — (1.78)%				(16,426,299	)
NET ASSETS — 100.00%			$	925,312,546

ADR  —  American Depositary Receipts

CPO  —  Certificates of Participation (Ordinary)

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $1,235,560,940. Net unrealized depreciation was $293,822,095, of which $50,737,661 represented gross unrealized appreciation on securities and $344,559,756 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	674,065,285	$	—	$	—	$	674,065,285
Preferred stocks		248,321,764		—		—		248,321,764
Money market funds		19,351,796		—		—		19,351,796
Total	$	941,738,845	$	—	$	—	$	941,738,845

273

Schedule of Investments (Unaudited)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.72%
AEROSPACE & DEFENSE — 1.05%
Aerovironment Inc.a,b		48,408	$	1,849,186
Arotech Corp.a,b		57,671		204,732
CPI Aerostructures Inc.a		20,849		195,981
Ducommun Inc.a		25,300		798,974
Innovative Solutions & Support Inc.a		32,553		143,233
KEYW Holding Corp. (The)a,b		113,483		1,061,066
Kratos Defense & Security Solutions Inc.a,b		167,319		1,986,076
National Presto Industries Inc.		11,875		1,312,187
SIFCO Industries Inc.a		7,561		50,281
Sparton Corp.a,b		22,917		503,945
Vectrus Inc.a		25,598		827,327
				8,932,988
AIR FREIGHT & LOGISTICS — 0.21%
Echo Global Logistics Inc.a,b		64,680		1,287,132
Radiant Logistics Inc.a		89,387		480,902
				1,768,034
AUTO COMPONENTS — 1.01%
Clean Diesel Technologies Inc.a,b		23,509		65,590
Horizon Global Corp.a,b		59,902		860,193
Modine Manufacturing Co.a,b		115,467		1,910,979
Motorcar Parts of America Inc.a,b		43,873		1,238,973
Shiloh Industries Inc.a,b		20,744		243,535
Stoneridge Inc.a,b		62,752		967,008
Strattec Security Corp.		8,682		307,343
Superior Industries International Inc.		57,072		1,172,830
Tower International Inc.		45,791		1,028,008
Unique Fabricating Inc.		18,636		177,415
VOXX International Corp.a,b		48,252		395,666
Workhorse Group Inc.a,b		65,361		241,182
				8,608,722
AUTOMOBILES — 0.30%
Winnebago Industries Inc.		73,592		2,575,720
				2,575,720
BANKS — 15.39%
1st Constitution Bancorp.		9,819		174,287
Access National Corp.		37,719		1,000,308
ACNB Corp.		18,899		576,419

Security	Shares		Value
Allegiance Bancshares Inc.a,b		29,151	$	1,116,483
American National Bankshares Inc.		22,144		818,221
American River Bankshares		22,543		327,099
AmeriServ Financial Inc.		56,250		233,438
Ames National Corp.		22,839		698,873
Arrow Financial Corp.		30,252		957,476
Atlantic Capital Bancshares Inc.a,b		53,794		1,022,086
Bancorp. Inc. (The)a,b		119,054		902,429
Bank of Commerce Holdings		44,335		489,902
Bank of Marin Bancorp.		15,898		978,522
Bankwell Financial Group Inc.		16,751		523,134
Bar Harbor Bankshares		38,098		1,174,180
Bay Bancorp. Inc.a		9,347		71,505
BCB Bancorp. Inc.		29,732		454,900
Blue Hills Bancorp. Inc.		63,985		1,145,331
Bridge Bancorp. Inc.		46,694		1,554,910
Bryn Mawr Bank Corp.		41,668		1,770,890
C&F Financial Corp.		9,574		449,021
Camden National Corp.		37,822		1,622,942
Capital City Bank Group Inc.		29,417		600,695
Capstar Financial Holdings Inc.a,b		25,117		445,576
Carolina Financial Corp.		37,636		1,216,396
Central Valley Community Bancorp.		27,218		603,151
Century Bancorp. Inc./MA Class A		9,082		577,615
Chemung Financial Corp.		10,771		440,318
Citizens & Northern Corp.		34,699		807,099
Citizens Holding Co.		3,222		83,772
Civista Bancshares Inc.		27,479		573,762
CNB Financial Corp./PA		38,010		911,100
CoBiz Financial Inc.		92,942		1,617,191
Codorus Valley Bancorp. Inc.		20,070		569,988
Community Bankers Trust Corp.a,b		63,477		523,685
Community First Bancshares Inc./GAa		10,605		143,486
Community Trust Bancorp. Inc.		37,877		1,657,119
ConnectOne Bancorp. Inc.		73,824		1,664,731
CU Bancorp.a		40,584		1,467,112
Customers Bancorp. Inc.a		68,212		1,929,035
Enterprise Bancorp. Inc./MA		24,105		856,692
Equity Bancshares Inc. Class Aa		28,379		869,533
Farmers Capital Bank Corp.		19,602		755,657

274

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Farmers National Banc Corp.		64,714	$	938,353
FB Financial Corp.a,b		17,202		622,540
Fidelity Southern Corp.		54,035		1,235,240
Financial Institutions Inc.		35,802		1,066,900
First Bancorp. Inc./ME		27,687		749,210
First Bancorp./Southern Pines NC		59,374		1,856,031
First Bank/Hamilton NJ		28,237		328,961
First Business Financial Services Inc.		23,209		535,664
First Community Bancshares Inc./VA		42,096		1,151,326
First Connecticut Bancorp. Inc./Farmington CT		36,333		931,941
First Financial Corp./IN		26,747		1,265,133
First Financial Northwest Inc.		24,867		401,105
First Foundation Inc.a,b		71,892		1,181,186
First Internet Bancorp.		18,838		528,406
First Mid-Illinois Bancshares Inc.		26,631		911,845
First Northwest Bancorp.a		32,952		519,653
First of Long Island Corp. (The)		57,880		1,655,368
First South Bancorp. Inc./Washington NC		26,401		436,673
First U.S. Bancshares Inc.		20,474		229,718
First United Corp.a		20,440		305,578
Flushing Financial Corp.		67,454		1,901,528
Franklin Financial Network Inc.a		29,950		1,235,437
German American Bancorp. Inc.		52,061		1,774,759
Great Southern Bancorp. Inc.		26,891		1,438,668
Green Bancorp. Inc.a,b		52,366		1,015,900
Guaranty Bancorp.		58,086		1,579,939
Guaranty Bancshares Inc./TX		6,830		218,219
Hanmi Financial Corp.		75,947		2,160,692
HarborOne Bancorp Inc.a,b		34,158		681,794
Heritage Commerce Corp.		91,362		1,258,968
Heritage Financial Corp./WA		71,868		1,904,502
HomeTrust Bancshares Inc.a,b		42,884		1,046,370
Horizon Bancorp./IN		52,942		1,395,022
Howard Bancorp. Inc.a		26,508		510,279
Independent Bank Corp./MI		51,396		1,117,863
Investar Holding Corp.		24,414		559,081
Lakeland Bancorp. Inc.		108,343		2,042,266
LCNB Corp.		25,261		505,220
Live Oak Bancshares Inc.b		49,086		1,187,881

Security	Shares		Value
Macatawa Bank Corp.		69,899	$	666,836
MainSource Financial Group Inc.		60,365		2,022,831
MBT Financial Corp.		51,560		500,132
Mercantile Bank Corp.		39,975		1,258,413
Midland States Bancorp. Inc.		38,611		1,294,241
MidSouth Bancorp. Inc.		26,594		312,479
MidWestOne Financial Group Inc.		29,331		994,028
National Bankshares Inc.		18,335		748,068
National Commerce Corp.a,b		27,635		1,092,964
Nicolet Bankshares Inc.a		23,652		1,294,001
Northrim BanCorp. Inc.		19,655		597,512
OFG Bancorp.		103,483		1,034,830
Old Line Bancshares Inc.b		24,111		679,448
Old Second Bancorp. Inc.		73,155		844,940
Orrstown Financial Services Inc.		22,570		515,724
Pacific Continental Corp.		53,816		1,374,999
Pacific Mercantile Bancorp.a,b		49,217		433,110
Paragon Commercial Corp.a		5,945		311,934
Park Sterling Corp.		126,721		1,505,445
Parke Bancorp. Inc.		18,273		409,315
Peapack Gladstone Financial Corp.		41,479		1,297,878
Penns Woods Bancorp. Inc.		12,781		526,322
People’s Utah Bancorp.		36,339		973,885
Peoples Bancorp. Inc./OH		41,182		1,323,178
Peoples Financial Corp./MSa		8,853		121,286
Peoples Financial Services Corp.		18,638		815,040
Porter Bancorp Inc.a		4,636		47,612
Preferred Bank/Los Angeles CA		31,637		1,691,630
Premier Financial Bancorp. Inc.		27,400		564,714
QCR Holdings Inc.		30,511		1,446,221
Republic Bancorp. Inc./KY Class A		25,063		894,749
Republic First Bancorp. Inc.a,b		120,177		1,111,637
Royal Bancshares of Pennsylvania Inc.a		54,038		228,581
Seacoast Banking Corp. of Floridaa		96,241		2,319,408
Shore Bancshares Inc.		37,661		619,523
Sierra Bancorp.		31,952		784,422
SmartFinancial Inc.a		20,692		494,125
Southern First Bancshares Inc.a		18,646		690,834
Southern National Bancorp. of Virginia Inc.		43,209		760,484

275

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Southwest Bancorp. Inc.		44,509	$	1,137,205
Stock Yards Bancorp. Inc.		52,801		2,053,959
Stonegate Bank		35,048		1,618,517
Summit Financial Group Inc.		29,615		651,530
Sun Bancorp. Inc./NJb		30,158		743,395
Sunshine Bancorp. Inc.a,b		22,727		484,312
Sussex Bancorp.		13,337		330,091
TriCo Bancshares		50,157		1,763,019
Tristate Capital Holdings Inc.a,b		55,592		1,400,918
Triumph Bancorp. Inc.a,b		39,088		959,610
Two River Bancorp.b		21,200		394,108
United Security Bancshares/Fresno CAb		37,874		350,334
Unity Bancorp. Inc.		25,760		443,072
Univest Corp. of Pennsylvania		63,190		1,892,540
Veritex Holdings Inc.a,b		36,652		965,047
Washington Trust Bancorp. Inc.		36,923		1,903,381
WashingtonFirst Bankshares Inc.		25,918		894,949
West Bancorp. Inc.		41,862		990,036
Xenith Bankshares Inc.a		13,981		434,250
				130,774,340
BEVERAGES — 0.43%
Castle Brands Inc.a,b		209,271		359,946
Craft Brew Alliance Inc.a,b		30,673		516,840
Long Island Iced Tea Corp.a		19,203		103,696
MGP Ingredients Inc.b		30,664		1,569,077
New Age Beverages Corp.a		43,923		225,325
Primo Water Corp.a,b		62,212		790,093
Reed’s Inc.a,b		32,183		78,848
				3,643,825
BIOTECHNOLOGY — 9.97%
Abeona Therapeutics Inc.a,b		57,805		369,952
Achaogen Inc.a,b		68,247		1,483,007
Achillion Pharmaceuticals Inc.a,b		273,030		1,253,208
Actinium Pharmaceuticals Inc.a,b		124,834		152,297
Adamas Pharmaceuticals Inc.a,b		35,062		613,234
ADMA Biologics Inc.a,b		15,008		57,631
Advaxis Inc.a,b		86,030		558,335
Adverum Biotechnologies Inc.a		78,293		195,732
Aeglea BioTherapeutics Inc.a		13,887		53,326
Aevi Genomic Medicine Inc.a		56,842		75,600
Agenus Inc.a,b		173,372		677,885
Akebia Therapeutics Inc.a,b		86,974		1,249,816

Security	Shares		Value
Albireo Pharma Inc.a		7,593	$	156,416
Aldeyra Therapeutics Inc.a,b		31,740		149,178
Altimmune Inc.		28,805		92,176
AnaptysBio Inc.a,b		13,011		311,353
Anavex Life Sciences Corp.a,b		90,624		482,120
Applied Genetic Technologies Corp./DEa,b		37,936		193,474
Aptevo Therapeutics Inc.a		48,866		101,153
Ardelyx Inc.a,b		77,758		396,566
Arena Pharmaceuticals Inc.a,b		75,136		1,267,544
ArQule Inc.a		144,224		178,838
Arrowhead Pharmaceuticals Inc.a		158,475		256,729
Asterias Biotherapeutics Inc.a,b		66,247		235,177
Atara Biotherapeutics Inc.a		59,594		834,316
Athersys Inc.a,b		242,791		366,614
aTyr Pharma Inc.a		37,444		129,182
Audentes Therapeutics Inc.a,b		35,973		688,163
AzurRx BioPharma Inc.a,b		13,405		54,022
Bellicum Pharmaceuticals Inc.a,b		63,837		745,616
Biocept Inc.a,b		55,150		75,556
BioCryst Pharmaceuticals Inc.a,b		188,093		1,045,797
Biohaven Pharmaceutical Holding Co. Ltd.a		23,719		592,975
BioSpecifics Technologies Corp.a		13,929		689,625
BioTime Inc.a,b		182,224		574,006
Brainstorm Cell Therapeutics Inc.a,b		42,144		175,319
Caladrius Biosciences Inc.a		16,998		79,041
Calithera Biosciences Inc.a		71,840		1,066,824
Cancer Genetics Inc.a,b		35,420		139,909
Cara Therapeutics Inc.a,b		62,873		967,615
Cascadian Therapeutics Inc.a		79,980		297,126
CASI Pharmaceuticals Inc.a		80,550		84,578
Catabasis Pharmaceuticals Inc.a,b		30,089		42,726
Catalyst Pharmaceuticals Inc.a		166,949		460,779
Celldex Therapeutics Inc.a,b		280,665		693,243
Cellular Biomedicine Group Inc.a,b		25,856		226,240
ChemoCentryx Inc.a,b		58,044		543,292
Chiasma Inc.a		43,554		63,153
Chimerix Inc.a,b		110,111		600,105
Cidara Therapeutics Inc.a		33,151		248,632
Cleveland BioLabs Inc.a		10,581		31,214
Conatus Pharmaceuticals Inc.a,b		58,898		339,252

276

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Concert Pharmaceuticals Inc.a		42,094	$	587,211
Contrafect Corp.a,b		93,641		135,779
Corbus Pharmaceuticals Holdings Inc.a,b		105,885		667,075
Corvus Pharmaceuticals Inc.a,b		19,867		240,391
CTI BioPharma Corp.a		50,129		165,927
Curis Inc.a		272,701		515,405
Cytokinetics Inc.a,b		98,025		1,186,102
CytomX Therapeutics Inc.a		68,544		1,062,432
Cytori Therapeutics Inc.a,b		71,237		78,361
Dicerna Pharmaceuticals Inc.a,b		35,900		113,803
Diffusion Pharmaceuticals Inc.a		15,240		35,509
Dimension Therapeutics Inc.a		38,072		55,204
Dynavax Technologies Corp.a,b		114,736		1,107,202
Edge Therapeutics Inc.a,b		48,124		493,752
Eiger Biopharmaceuticals Inc.a		11,076		87,500
Eleven Biotherapeutics Inc.a,b		36,615		57,486
Enanta Pharmaceuticals Inc.a,b		36,987		1,330,792
Esperion Therapeutics Inc.a,b		35,004		1,619,985
Fate Therapeutics Inc.a,b		88,388		286,377
Flexion Therapeutics Inc.a,b		65,321		1,320,791
Fortress Biotech Inc.a,b		79,949		379,758
Galectin Therapeutics Inc.a,b		71,761		176,532
Gemphire Therapeutics Inc.a		15,932		205,363
Genocea Biosciences Inc.a,b		68,698		358,604
Geron Corp.a,b		348,803		966,184
GlycoMimetics Inc.a		28,632		319,533
GTx Inc.a		19,668		104,044
Heron Therapeutics Inc.a,b		106,658		1,477,213
Histogenics Corp.a		26,964		48,535
Idera Pharmaceuticals Inc.a,b		251,903		433,273
Ignyta Inc.a,b		117,601		1,217,170
Immune Design Corp.a,b		39,684		386,919
ImmunoGen Inc.a		196,747		1,398,871
Immunomedics Inc.a,b		240,236		2,121,284
Infinity Pharmaceuticals Inc.a,b		98,897		155,268
Inotek Pharmaceuticals Corp.a,b		68,012		129,223
Inovio Pharmaceuticals Inc.a,b		157,491		1,234,729
Intellia Therapeutics Inc.a		32,439		519,024
Invitae Corp.a,b		91,543		875,151
Iovance Biotherapeutics Inc.a,b		124,419		914,480
Jounce Therapeutics Inc.a,b		15,723		220,594
Kadmon Holdings Inc.a,b		79,458		309,092

Security	Shares		Value
Karyopharm Therapeutics Inc.a,b		78,768	$	712,850
Kindred Biosciences Inc.a,b		52,361		450,305
Kura Oncology Inc.a,b		33,886		315,140
La Jolla Pharmaceutical Co.a,b		41,161		1,225,363
Leap Therapeutics Inc.a		10,127		65,927
MacroGenics Inc.a		78,137		1,368,179
Madrigal Pharmaceuticals Inc.a		10,507		170,844
MannKind Corp.a,b		176,607		249,016
Matinas BioPharma Holdings Inc.a,b		128,109		216,504
MediciNova Inc.a,b		83,692		440,220
MEI Pharma Inc.a		85,314		203,900
Merrimack Pharmaceuticals Inc.		295,169		366,010
Minerva Neurosciences Inc.a,b		59,447		526,106
Miragen Therapeutics Inc.a,b		29,031		375,371
Mirati Therapeutics Inc.a,b		45,769		167,057
Mirna Therapeutics Inc.a		22,574		38,150
NanoViricides Inc.a,b		114,950		155,183
NantKwest Inc.a,b		70,037		531,581
Natera Inc.a		73,177		794,702
Neuralstem Inc.a		21,676		125,504
Neurotrope Inc.a		17,380		162,851
NewLink Genetics Corp.a,b		50,920		374,262
Nivalis Therapeutics Inc.a		26,164		63,055
Novavax Inc.a		654,672		752,873
Novelion Therapeutics Inc.a		37,077		342,221
Nymox Pharmaceutical Corp.a		74,054		325,838
Oncobiologics Inc.a		29,801		30,099
Oncocyte Corp.a		10,704		55,661
OncoMed Pharmaceuticals Inc.a		51,000		169,830
Ophthotech Corp.a		83,244		213,105
Organovo Holdings Inc.a,b		232,825		612,330
Otonomy Inc.a,b		66,550		1,254,467
OvaScience Inc.a,b		82,788		129,149
Ovid therapeutics Inc.a		12,139		127,338
PDL BioPharma Inc.		371,343		917,217
Pfenex Inc.a,b		50,774		203,604
Pieris Pharmaceuticals Inc.a,b		81,742		413,615
Progenics Pharmaceuticals Inc.a,b		166,254		1,128,865
Protagonist Therapeutics Inc.a		22,241		251,546
Proteostasis Therapeutics Inc.a		38,247		178,996
PTC Therapeutics Inc.a,b		78,252		1,434,359
Ra Pharmaceuticals Inc.a		27,798		520,935

277

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Recro Pharma Inc.a		33,778	$	237,459
REGENXBIO Inc.a,b		64,635		1,276,541
Regulus Therapeutics Inc.a,b		84,276		83,062
Rexahn Pharmaceuticals Inc.a		57,902		165,600
Rigel Pharmaceuticals Inc.a,b		289,193		789,497
Sangamo Therapeutics Inc.a,b		167,046		1,470,005
Savara Inc.a		34,265		201,478
Selecta Biosciences Inc.a,b		27,937		554,829
Seres Therapeutics Inc.a		47,471		536,422
Sophiris Bio Inc.a,b		75,244		165,537
Sorrento Therapeutics Inc.a,b		109,224		218,448
Spectrum Pharmaceuticals Inc.a,b		182,182		1,357,256
Spring Bank Pharmaceuticals Inc.a		19,970		270,394
Stemline Therapeutics Inc.a,b		54,443		500,876
Strongbridge Biopharma PLCa,b		51,832		370,599
Sunesis Pharmaceuticals Inc.a		46,112		124,502
Syndax Pharmaceuticals Inc.a,b		20,781		290,311
Synergy Pharmaceuticals Inc.a,b		532,840		2,371,138
Syros Pharmaceuticals Inc.a,b		29,546		475,395
T2 Biosystems Inc.a,b		46,675		149,827
TapImmune Inc.a,b		13,701		53,434
TG Therapeutics Inc.a,b		113,706		1,142,745
Tocagen Inc.a		20,037		241,045
Tonix Pharmaceuticals Holding Corp.a,b		15,479		67,024
Tracon Pharmaceuticals Inc.a,b		27,822		66,773
Trevena Inc.a,b		129,150		297,045
uniQure NVa		41,459		256,631
Vanda Pharmaceuticals Inc.a		103,998		1,695,167
VBI Vaccines Inc.a,b		53,196		231,403
Veracyte Inc.a		57,056		475,276
Verastem Inc.a		79,861		174,097
Vericel Corp.a		77,840		256,872
Versartis Inc.a,b		77,007		1,343,772
Vital Therapies Inc.a,b		71,275		206,697
Voyager Therapeutics Inc.a,b		34,235		306,746
vTv Therapeutics Inc. Class Aa,b		23,591		117,247
XBiotech Inc.a,b		45,457		213,648
XOMA Corp.a		14,602		102,068
Zafgen Inc.a,b		54,530		191,400
				84,721,989

Security	Shares		Value
BUILDING PRODUCTS — 0.85%
Alpha Pro Tech Ltd.a		33,595	$	99,105
Armstrong Flooring Inc.a		55,190		991,764
CSW Industrials Inc.a,b		35,239		1,361,987
Insteel Industries Inc.		42,908		1,414,677
PGT Innovations Inc.a		114,890		1,470,592
Quanex Building Products Corp.		80,799		1,708,899
Tecogen Inc.a,b		38,042		126,680
				7,173,704
CAPITAL MARKETS — 1.43%
Arlington Asset Investment Corp. Class Ab		48,519		663,255
B. Riley Financial Inc.		33,181		615,508
Cowen Group Inc. Class Aa,b		61,060		992,225
Diamond Hill Investment Group Inc.		6,867		1,369,280
Fifth Street Asset Management Inc.		21,784		105,652
GAIN Capital Holdings Inc.		84,183		524,460
Global Brokerage Inc.a		3,163		6,326
Great Elm Capital Group Inc.a		40,843		138,866
Hennessy Advisors Inc.		12,714		192,999
INTL. FCStone Inc.a		35,632		1,345,464
Ladenburg Thalmann Financial Services Inc.a		239,378		584,082
Manning & Napier Inc.		40,556		176,419
Medley Management Inc.		19,339		125,703
National Holdings Corp.a		16,002		44,486
Oppenheimer Holdings Inc. Class A		24,622		403,801
PJT Partners Inc. Class Ab		42,947		1,727,328
Pzena Investment Management Inc. Class A		42,187		428,620
Safeguard Scientifics Inc.a,b		50,465		600,533
Siebert Financial Corp.		7,900		31,205
Silvercrest Asset Management Group Inc.		21,387		287,655
Westwood Holdings Group Inc.		19,733		1,118,664
Wins Finance Holdings Inc.a,b		3,081		647,010
ZAIS Group Holdings Inc.a		7,974		18,579
				12,148,120

278

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
CHEMICALS — 1.61%
AgroFresh Solutions Inc.a,b		51,419	$	369,188
American Vanguard Corp.		67,159		1,158,493
Codexis Inc.a,b		102,018		555,998
Core Molding Technologies Inc.a,b		19,235		415,668
Flotek Industries Inc.a,b		128,787		1,151,356
FutureFuel Corp.		58,282		879,475
Hawkins Inc.		23,167		1,073,791
Intrepid Potash Inc.a,b		218,928		494,777
KMG Chemicals Inc.b		21,917		1,066,700
Koppers Holdings Inc.a		48,453		1,751,576
LSB Industries Inc.a,b		49,637		512,750
Marrone Bio Innovations Inc.a,b		66,855		86,243
Northern Technologies International Corp.a		9,184		146,485
OMNOVA Solutions Inc.a		101,726		991,829
Rayonier Advanced Materials Inc.		99,705		1,567,363
Trecora Resourcesa,b		49,271		554,299
Tredegar Corp.		59,636		909,449
				13,685,440
COMMERCIAL SERVICES & SUPPLIES — 1.76%
AMREP Corp.a		4,000		27,120
Aqua Metals Inc.a,b		39,001		489,463
ARC Document Solutions Inc.a		94,911		394,830
Casella Waste Systems Inc. Class Aa		92,272		1,514,184
CECO Environmental Corp.		70,127		643,766
Cemtrex Inc.		16,555		59,598
Cenveo Inc.a		18,575		113,122
Ecology and Environment Inc. Class A		8,426		106,589
Ennis Inc.		58,689		1,120,960
Fuel Tech Inc.a		8,185		6,875
Heritage-Crystal Clean Inc.a,b		33,095		526,210
Hudson Technologies Inc.a,b		86,600		731,770
InnerWorkings Inc.a,b		105,740		1,226,584
Intersections Inc.a		19,501		91,655
Kimball International Inc. Class B		86,300		1,440,347
NL Industries Inc.a,b		17,412		122,755
Odyssey Marine Exploration Inc.a		18,091		65,309
Performant Financial Corp.a		80,549		168,347
Perma-Fix Environmental Servicesa		26,345		97,476

Security	Shares		Value
Quest Resource Holding Corp.a		13,426	$	33,028
SP Plus Corp.a		40,688		1,243,018
Team Inc.a,b		68,228		1,599,947
Viad Corp.		47,382		2,238,799
VSE Corp.		20,427		918,806
				14,980,558
COMMUNICATIONS EQUIPMENT — 1.35%
Aerohive Networks Inc.a,b		73,684		368,420
Aviat Networks Inc.a		11,070		192,618
Black Box Corp.		35,365		302,371
CalAmp Corp.a,b		81,322		1,653,276
Calix Inc.a		101,843		697,625
Clearfield Inc.a,b		28,197		372,200
ClearOne Inc.b		16,131		152,438
Communications Systems Inc.		19,440		84,175
Comtech Telecommunications Corp.		53,251		1,010,171
DASAN Zhone Solutions Inc.a		12,702		76,212
Digi International Inc.a		62,079		630,102
EMCORE Corp.		59,773		636,582
Harmonic Inc.a,b		186,390		978,548
Inseego Corp.a,b		101,007		126,259
KVH Industries Inc.a,b		38,243		363,309
Lantronix Inc.a		23,282		56,808
MRV Communications Inc.a		12,700		125,095
Network-1 Technologies Inc.		31,860		135,405
ParkerVision Inc.a,b		39,887		71,398
PC-Tel Inc.		41,617		294,648
Quantenna Communications Inc.a		49,828		946,732
RELM Wireless Corp.		21,242		80,720
Resonant Inc.a,b		26,015		115,246
ShoreTel Inc.a,b		160,994		933,765
Sonus Networks Inc.a		111,317		828,199
TESSCO Technologies Inc.		16,427		218,479
				11,450,801
CONSTRUCTION & ENGINEERING — 0.75%
Ameresco Inc. Class Aa		46,127		355,178
Goldfield Corp. (The)a		54,010		297,055
Great Lakes Dredge & Dock Corp.a,b		134,594		578,754
HC2 Holdings Inc.a		97,107		570,989
IES Holdings Inc.a		21,296		386,522
Layne Christensen Co.a,b		44,609		392,113

279

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Limbach Holdings Inc.a		10,132	$	121,483
MYR Group Inc.a		37,623		1,167,065
Northwest Pipe Co.a,b		24,006		390,338
NV5 Global Inc.a,b		19,386		823,905
Orion Group Holdings Inc.a		66,521		496,912
Sterling Construction Co. Inc.a,b		62,636		818,653
				6,398,967
CONSTRUCTION MATERIALS — 0.05%
U.S. Lime & Minerals Inc.		5,228		410,241
				410,241
CONSUMER FINANCE — 0.52%
Asta Funding Inc.a		10,211		83,730
Consumer Portfolio Services Inc.a		45,049		204,973
Elevate Credit Inc.a		35,051		277,604
Enova International Inc.a		77,906		1,156,904
Ezcorp Inc. Class Aa		117,294		903,164
Nicholas Financial Inc.a		22,229		205,173
Regional Management Corp.a		24,941		589,356
World Acceptance Corp.a,b		13,692		1,025,668
				4,446,572
CONTAINERS & PACKAGING — 0.17%
Myers Industries Inc.		53,956		968,510
UFP Technologies Inc.a		17,853		505,240
				1,473,750
DISTRIBUTORS — 0.06%
Educational Development Corp.b		9,434		100,000
Weyco Group Inc.		15,304		426,676
				526,676
DIVERSIFIED CONSUMER SERVICES — 0.94%
American Public Education Inc.a		37,089		877,155
Ascent Capital Group Inc. Class Aa		26,258		403,323
Bridgepoint Education Inc.a		42,774		631,344
Cambium Learning Group Inc.a		39,360		199,555
Career Education Corp.a		158,049		1,517,270
Carriage Services Inc.		36,233		976,842
Collectors Universe Inc.		18,926		470,311
K12 Inc.a		79,506		1,424,747
Liberty Tax Inc.		19,940		258,223
Lincoln Educational Services Corp.a		54,616		169,310
National American University Holdings Inc.b		35,102		88,808

Security	Shares		Value
Regis Corp.a,b		82,515	$	847,429
Universal Technical Institute Inc.a		39,387		140,612
				8,004,929
DIVERSIFIED FINANCIAL SERVICES — 0.29%
A-Mark Precious Metals Inc.		13,216		217,271
Marlin Business Services Corp.		21,581		542,762
NewStar Financial Inc.		72,608		762,384
On Deck Capital Inc.a,b		115,450		537,997
Tiptree Inc.b		62,437		440,181
				2,500,595
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.71%
Alaska Communications Systems Group Inc.a		115,344		253,757
Fairpoint Communications Inc.a		50,756		794,331
Fusion Telecommunications International Inc.a,b		33,780		48,981
Hawaiian Telcom Holdco Inc.a,b		14,813		370,177
IDT Corp. Class B		40,677		584,528
Intelsat SAa,b		80,625		246,712
Lumos Networks Corp.a		52,378		935,995
magicJack VocalTec Ltd.a,b		26,779		192,809
Ooma Inc.a,b		41,047		328,376
ORBCOMM Inc.a,b		155,166		1,753,376
pdvWireless Inc.a,b		22,816		531,613
				6,040,655
ELECTRIC UTILITIES — 0.09%
Genie Energy Ltd. Class B		33,361		254,211
Spark Energy Inc. Class Ab		28,509		535,969
				790,180
ELECTRICAL EQUIPMENT — 1.11%
Allied Motion Technologies Inc.		15,976		434,867
American Superconductor Corp.a,b		36,707		169,586
Babcock & Wilcox Enterprises Inc.a		113,080		1,329,821
Broadwind Energy Inc.a		32,888		165,756
Energous Corp.a,b		44,500		723,570
Energy Focus Inc.a,b		27,907		73,396
Enphase Energy Inc.a,b		163,826		141,710
FuelCell Energy Inc.a,b		123,845		153,568
Ideal Power Inc.a,b		28,064		58,934
LSI Industries Inc.		58,008		524,972
Orion Energy Systems Inc.a		61,097		78,204
Plug Power Inc.a,b		521,452		1,063,762

280

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Polar Power Inc.a		10,981	$	58,309
Powell Industries Inc.		20,563		657,810
Preformed Line Products Co.		6,412		297,645
Revolution Lighting Technologies Inc.a,b		30,217		199,130
Sunrun Inc.a		201,169		1,432,323
Sunworks Inc.a,b		50,559		88,478
TPI Composites Inc.a		25,143		464,643
Ultralife Corp.a		28,816		207,475
Vicor Corp.a		39,893		714,085
Vivint Solar Inc.a,b		63,838		373,452
				9,411,496
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.15%
Airgain Inc.a,b		18,259		258,913
Akoustis Technologies Inc.a,b		22,930		200,408
Applied DNA Sciences Inc.a		54,461		95,851
Bel Fuse Inc. Class B		23,407		578,153
ClearSign Combustion Corp.a		36,509		138,734
Control4 Corp.a,b		58,103		1,139,400
CTS Corp.		74,584		1,611,014
CUI Global Inc.a,b		47,313		181,682
Daktronics Inc.		82,608		795,515
Data I/O Corp.a		20,140		160,113
Electro Scientific Industries Inc.a		74,861		616,855
eMagin Corp.a,b		45,990		112,675
FARO Technologies Inc.a,b		38,625		1,460,025
Frequency Electronics Inc.a		17,335		165,376
ID Systems Inc.a		28,763		176,317
Identiv Inc.a		25,545		134,111
IEC Electronics Corp.a		27,980		100,728
Intellicheck Inc.a,b		23,924		92,825
Interlink Electronics Inc.a,b		2,583		21,955
IntriCon Corp.a		20,253		162,024
Iteris Inc.a,b		60,401		375,694
Kemet Corp.a,b		106,997		1,369,562
KEY Tronic Corp.a		29,027		205,511
Kimball Electronics Inc.a		63,211		1,140,958
LightPath Technologies Inc. Class Aa		58,985		159,259
LRAD Corp.		84,659		143,074
Luna Innovations Inc.a		65,682		99,180
Maxwell Technologies Inc.a,b		87,121		521,855

Security	Shares		Value
Mesa Laboratories Inc.		7,728	$	1,107,500
Microvision Inc.a,b		156,539		331,863
NAPCO Security Technologies Inc.a,b		30,056		282,526
Neonode Inc.a,b		96,060		103,745
NetList Inc.a,b		145,943		148,862
PAR Technology Corp.a		30,235		257,905
Park Electrochemical Corp.		45,179		832,197
PC Connection Inc.		26,877		727,292
PCM Inc.a,b		24,074		451,387
Perceptron Inc.a		22,106		160,932
RadiSys Corp.a,b		89,497		336,509
Research Frontiers Inc.a,b		46,593		60,105
Richardson Electronics Ltd./U.S.		34,100		203,577
Systemax Inc.		26,730		502,524
Vishay Precision Group Inc.a		24,997		432,448
Wireless Telecom Group Inc.a		48,671		77,874
				18,235,013
ENERGY EQUIPMENT & SERVICES — 1.68%
Aspen Aerogels Inc.a		41,025		182,561
Basic Energy Services Inc.a		40,655		1,012,310
Bristow Group Inc.		73,262		560,454
CARBO Ceramics Inc.a,b		51,398		352,076
Dawson Geophysical Co.a,b		50,812		199,183
ENGlobal Corp.a		38,164		49,613
Era Group Inc.a		44,485		420,828
Geospace Technologies Corp.a,b		30,660		424,028
Gulf Island Fabrication Inc.		34,177		396,453
Hornbeck Offshore Services Inc.a,b		73,505		208,019
Independence Contract Drilling Inc.a,b		82,828		322,201
ION Geophysical Corp.a,b		18,573		80,793
Key Energy Services Inc.a		23,686		455,719
Mammoth Energy Services Inc.a,b		18,411		342,445
Matrix Service Co.a		61,119		571,463
Mitcham Industries Inc.a		27,407		109,080
Natural Gas Services Group Inc.a		30,222		751,017
Newpark Resources Inc.a		204,725		1,504,729
Nordic American Offshore Ltd.b		89,208		111,510
North Atlantic Drilling Ltd.a,b		13,427		17,858
Parker Drilling Co.a,b		313,867		423,721
PHI Inc. NVSa		28,132		274,568

281

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Pioneer Energy Services Corp.a		174,599	$	357,928
Profire Energy Inc.a,b		65,637		85,328
RigNet Inc.a		31,405		504,050
SAExploration Holdings Inc.a		10,425		33,829
SEACOR Holdings Inc.a		37,148		1,274,176
SEACOR Marine Holdings Inc.a		48,850		994,586
Smart Sand Inc.a,b		50,976		454,196
Solaris Oilfield Infrastructure Inc. Class Aa		25,321		291,951
Tesco Corp.a		109,037		485,215
TETRA Technologies Inc.a,b		265,765		741,484
Willbros Group Inc.a		99,886		246,718
				14,240,090
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.27%
Armada Hoffler Properties Inc.b		105,194		1,362,262
Ashford Hospitality Prime Inc.		63,407		652,458
Ashford Hospitality Trust Inc.b		178,172		1,083,286
Bluerock Residential Growth REIT Inc.b		58,397		752,737
BRT Realty Trusta,b		27,036		212,503
CatchMark Timber Trust Inc. Class Ab		93,016		1,057,592
Cedar Realty Trust Inc.b		191,376		928,174
City Office REIT Inc.b		76,041		965,721
Clipper Realty Inc.b		37,089		457,678
Community Healthcare Trust Inc.b		32,573		833,543
Condor Hospitality Trust Inc.		2,318		24,849
CorEnergy Infrastructure Trust Inc.b		27,920		937,833
Farmland Partners Inc.		79,112		707,261
First Potomac Realty Trust		134,940		1,499,183
Getty Realty Corp.		61,821		1,551,707
Gladstone Commercial Corp.b		59,173		1,289,380
Gladstone Land Corp.b		27,507		321,007
Global Medical REIT Inc.b		35,909		321,026
Global Self Storage Inc.		30,805		153,101
Independence Realty Trust Inc.b		139,581		1,377,664
Innovative Industrial Properties Inc.b		11,620		194,635
Jernigan Capital Inc.b		24,082		529,804
MedEquities Realty Trust Inc.		68,454		863,890
NexPoint Residential Trust Inc.b		42,026		1,046,027

Security	Shares		Value
One Liberty Properties Inc.		34,367	$	805,219
Preferred Apartment Communities Inc. Class Ab		73,468		1,157,121
RAIT Financial Trustb		209,477		458,755
Sotherly Hotels Inc.b		39,597		268,468
UMH Properties Inc.b		66,931		1,141,174
Universal Health Realty Income Trustb		29,480		2,344,839
Urstadt Biddle Properties Inc. Class A		63,468		1,256,666
Wheeler REIT		22,235		227,019
Whitestone REITb		82,256		1,007,636
				27,790,218
FOOD & STAPLES RETAILING — 0.15%
Chefs’ Warehouse Inc. (The)a,b		46,338		602,394
Natural Grocers by Vitamin Cottage Inc.a,b		21,782		180,137
Village Super Market Inc. Class A		18,889		489,603
				1,272,134
FOOD PRODUCTS — 0.82%
Alico Inc.		8,379		262,263
Arcadia Biosciences Inc.a		5,945		2,675
Farmer Bros. Co.a,b		21,305		644,476
Freshpet Inc.a,b		58,295		967,697
Inventure Foods Inc.a,b		46,486		200,355
John B Sanfilippo & Son Inc.		20,447		1,290,410
Landec Corp.a		64,513		958,018
Lifeway Foods Inc.a,b		14,439		134,860
Limoneira Co.		29,256		691,319
Omega Protein Corp.		52,211		934,577
Rocky Mountain Chocolate Factory Inc.		16,509		194,806
S&W Seed Co.a,b		37,189		154,335
Seneca Foods Corp. Class Aa,b		17,272		536,296
				6,972,087
GAS UTILITIES — 0.11%
Delta Natural Gas Co. Inc.		18,437		561,775
Gas Natural Inc.		31,154		401,887
				963,662
HEALTH CARE EQUIPMENT & SUPPLIES — 4.16%
Accuray Inc.a		190,941		906,970
American Medical Alert Corp. Escrowa,bc		12,839		—

282

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
AngioDynamics Inc.a		86,463	$	1,401,565
Anika Therapeutics Inc.a,b		33,937		1,674,452
Antares Pharma Inc.a		339,271		1,092,453
Apollo Endosurgery Inc.a		2,610		20,906
AtriCure Inc.a		75,329		1,826,728
AxoGen Inc.a,b		65,718		1,100,776
Bellerophon Therapeutics Inc.a,b		44,338		59,413
Biolase Inc.a		84,292		81,763
Bovie Medical Corp.a		72,131		178,164
Cerus Corp.a,b		239,207		600,410
Cesca Therapeutics Inc.a		9,184		28,930
Chembio Diagnostics Inc.a		29,312		177,338
Cogentix Medical Inc.a		52,533		91,407
ConforMIS Inc.a,b		92,241		395,714
Corindus Vascular Robotics Inc.a,b		195,652		363,913
CryoLife Inc.a		75,940		1,515,003
Cryoport Inc.a		52,991		260,716
Cutera Inc.a,b		32,206		834,135
CytoSorbents Corp.a,b		65,647		282,282
Ekso Bionics Holdings Inc.a,b		56,974		132,180
Electromed Inc.a		16,704		92,373
Entellus Medical Inc.a,b		29,351		486,053
EnteroMedics Inc.a,b		16,277		81,385
Exactech Inc.a,b		25,748		767,290
Fonar Corp.a,b		15,022		416,860
GenMark Diagnostics Inc.a,b		104,475		1,235,939
Invacare Corp.b		74,428		982,450
InVivo Therapeutics Holdings Corp.a,b		76,453		206,423
Invuity Inc.a,b		37,506		271,918
iRadimed Corp.a,b		10,599		91,151
iRhythm Technologies Inc.a		32,748		1,391,463
IRIDEX Corp.a		23,015		227,618
Lantheus Holdings Inc.a,b		61,468		1,084,910
LeMaitre Vascular Inc.		35,265		1,100,973
Milestone Scientific Inc.a		49,028		73,542
Misonix Inc.a		14,238		137,397
Nuvectra Corp.a		25,240		335,187
Obalon Therapeutics Inc.a,b		21,561		213,670
OraSure Technologies Inc.a,b		133,377		2,302,087
Orthofix International NVa,b		40,504		1,882,626
Oxford Immunotec Global PLCa,b		55,077		926,395
Pulse Biosciences Inc.a,b		21,836		753,997

Security	Shares		Value
Quotient Ltd.a		63,819	$	469,708
Retractable Technologies Inc.a		39,924		51,103
Rockwell Medical Inc.a,b		112,473		891,911
RTI Surgical Inc.a,b		130,423		762,975
SeaSpine Holdings Corp.a		23,022		265,213
Second Sight Medical Products Inc.a,b		56,912		71,709
Senseonics Holdings Inc.a,b		117,015		210,627
Sientra Inc.a		36,765		357,356
STAAR Surgical Co.a,b		97,846		1,056,737
Surmodics Inc.a		31,882		897,478
Tactile Systems Technology Inc.a,b		21,785		622,615
Utah Medical Products Inc.		8,228		595,707
Valeritas Holdings Inc.a		6,189		42,395
Vermillion Inc.a,b		61,892		113,881
ViewRay Inc.a,b		68,979		446,294
Viveve Medical Inc.a		36,611		262,867
Zosano Pharma Corp.a,b		86,979		122,640
				35,328,141
HEALTH CARE PROVIDERS & SERVICES — 2.46%
AAC Holdings Inc.a,b		27,487		190,485
Aceto Corp.		68,641		1,060,503
Adcare Health Systems Inc.a		22,119		21,234
Addus HomeCare Corp.a,b		17,848		663,946
Alliance HealthCare Services Inc.a		13,756		182,955
Almost Family Inc.a,b		30,037		1,851,781
American Renal Associates Holdings Inc.a		21,868		405,651
Auxilio Inc.a		17,842		81,360
BioScrip Inc.a,b		259,791		705,333
BioTelemetry Inc.a		66,355		2,219,575
Capital Senior Living Corp.a		57,943		881,313
Catasys Inc.a		5,713		26,108
Civitas Solutions Inc.a,b		37,735		660,362
Cross Country Healthcare Inc.a,b		83,493		1,077,895
Digirad Corp.		44,247		179,200
Five Star Senior Living Inc.a		62,993		94,490
Fulgent Genetics Inc.a,b		13,863		88,585
Genesis Healthcare Inc.a		85,163		148,184
InfuSystems Holdings Inc.a		47,205		84,969
Joint Corp. (The)a,b		25,460		96,748
Landauer Inc.		21,613		1,130,360

283

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
National Research Corp. Class A		23,849	$	641,538
Nobilis Health Corp.a,b		134,609		255,757
PharMerica Corp.a		69,602		1,827,052
Providence Service Corp. (The)a		27,225		1,377,857
Psychemedics Corp.		13,321		332,359
Quorum Health Corp.a		66,109		274,352
R1 RCM Inc.a,b		238,554		894,577
RadNet Inc.a		88,716		687,549
Sharps Compliance Corp.a		33,600		142,128
Triple-S Management Corp. Class Ba		54,863		927,733
U.S. Physical Therapy Inc.		28,444		1,718,018
				20,929,957
HEALTH CARE TECHNOLOGY — 0.69%
Castlight Health Inc.a,b		148,858		617,761
Computer Programs & Systems Inc.b		26,198		859,294
HealthStream Inc.a,b		60,421		1,590,281
HTG Molecular Diagnostics Inc.a		7,325		19,485
Icad Inc.a		32,958		138,094
NantHealth Inc.a,b		39,199		165,812
Simulations Plus Inc.		29,401		363,102
Tabula Rasa HealthCare Inc.a		23,008		346,270
Vocera Communications Inc.a		66,412		1,754,605
				5,854,704
HOTELS, RESTAURANTS & LEISURE — 2.36%
Ark Restaurants Corp.		4,890		119,120
Bagger Daves Burger Tavern Inc.a		34,103		8,185
Biglari Holdings Inc.a		2,390		955,379
Bravo Brio Restaurant Group Inc.a		26,330		121,118
Carrols Restaurant Group Inc.a		82,233		1,007,354
Century Casinos Inc.a		54,803		403,898
Chuy’s Holdings Inc.a,b		39,065		914,121
Del Frisco’s Restaurant Group Inc.a,b		51,540		829,794
Del Taco Restaurants Inc.a,b		78,446		1,078,633
Denny’s Corp.a,b		161,008		1,895,064
Diversified Restaurant Holdings Inc.a		31,910		82,966
Dover Downs Gaming & Entertainment Inc.a		58,521		64,958
Dover Motorsports Inc.		36,901		77,492

Security	Shares		Value
Drive Shack Inc.		137,875	$	434,306
El Pollo Loco Holdings Inc.a,b		48,193		667,473
Empire Resorts Inc.a,b		8,384		200,378
Fogo De Chao Inc.a		21,884		304,188
Full House Resorts Inc.a		55,464		135,332
Golden Entertainment Inc.a		25,875		535,871
Good Times Restaurants Inc.a		31,956		113,444
Habit Restaurants Inc. (The)a,b		47,995		758,321
Inspired Entertainment Inc.a,b		9,933		129,129
Intrawest Resorts Holdings Inc.a		30,135		715,405
J Alexander’s Holdings Inc.a,b		33,941		415,777
Jamba Inc.a,b		32,675		254,538
Kona Grill Inc.a,b		19,972		73,896
Lindblad Expeditions Holdings Inc.a,b		49,853		523,457
Luby’s Inc.a,b		50,297		141,335
Marcus Corp. (The)		44,492		1,343,658
Monarch Casino & Resort Inc.a,b		25,968		785,532
Nathan’s Famous Inc.a,b		7,447		469,161
Nevada Gold & Casinos Inc.a		54,739		122,615
Noodles & Co.a,b		26,378		102,874
ONE Group Hospitality Inc. (The)a		14,973		32,491
Papa Murphy’s Holdings Inc.a,b		28,312		123,723
Peak Resorts Inc.		31,024		127,198
Potbelly Corp.a,b		54,316		624,634
RCI Hospitality Holdings Inc.		22,164		528,390
Red Lion Hotels Corp.a,b		43,636		320,725
Ruby Tuesday Inc.a,b		137,290		275,953
Ruth’s Hospitality Group Inc.		70,105		1,524,784
Town Sports International Holdings Inc.a		31,041		145,893
Zoe’s Kitchen Inc.a,b		43,871		522,504
				20,011,067
HOUSEHOLD DURABLES — 1.80%
AV Homes Inc.a,b		30,413		609,781
Bassett Furniture Industries Inc.		25,182		955,657
Beazer Homes USA Inc.a,b		73,830		1,012,948
Century Communities Inc.a		41,713		1,034,483
CSS Industries Inc.		22,121		578,685
Dixie Group Inc. (The)a		40,358		181,611
Emerson Radio Corp.a		12,050		16,870
Flexsteel Industries Inc.		18,421		996,760
Green Brick Partners Inc.a,b		54,814		627,620

284

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Hooker Furniture Corp.		27,337	$	1,124,918
Hovnanian Enterprises Inc. Class Aa,b		291,954		817,471
LGI Homes Inc.a,b		41,079		1,650,554
Libbey Inc.		49,900		402,194
Lifetime Brands Inc.		23,193		420,953
M/I Homes Inc.a,b		56,280		1,606,794
NACCO Industries Inc. Class A		9,720		688,662
New Home Co. Inc. (The)a,b		32,622		374,174
Nova Lifestyle Inc.a		32,787		49,508
PICO Holdings Inc.a		53,594		937,895
Skyline Corp.a		17,206		103,580
UCP Inc. Class Aa		22,636		247,864
Vuzix Corp.a,b		42,348		277,380
ZAGG Inc.a,b		65,075		562,899
				15,279,261
HOUSEHOLD PRODUCTS — 0.10%
Ocean Bio-Chem Inc.		5,241		21,593
Oil-Dri Corp. of America		12,624		530,334
Orchids Paper Products Co.b		20,398		264,154
				816,081
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.21%
Atlantic Power Corp.a		270,313		648,751
TerraForm Global Inc. Class Aa		208,061		1,050,708
U.S. Geothermal Inc.a		21,932		100,668
				1,800,127
INSURANCE — 1.91%
1347 Property Insurance Holdings Inc.a		14,802		118,416
Atlas Financial Holdings Inc.a,b		26,877		400,467
Baldwin & Lyons Inc. Class B		23,729		581,360
Blue Capital Reinsurance Holdings Ltd.		19,015		347,975
Citizens Inc./TXa,b		109,943		811,379
Conifer Holdings Inc.a		12,723		90,969
Crawford & Co. Class B		28,895		268,724
Donegal Group Inc. Class A		21,901		348,226
eHealth Inc.a		36,831		692,423
EMC Insurance Group Inc.		20,309		564,184
Federated National Holding Co.		30,334		485,344
First Acceptance Corp.a		39,393		44,908
Hallmark Financial Services Inc.a		35,417		399,150

Security	Shares		Value
HCI Group Inc.		18,639	$	875,660
Health Insurance Innovations Inc.a		26,524		623,314
Heritage Insurance Holdings Inc.		62,091		808,425
Independence Holding Co.		17,863		365,298
Investors Title Co.		3,602		696,771
Kingstone Companies Inc.		23,759		363,513
Kinsale Capital Group Inc.		34,044		1,270,182
NI Holdings Inc.a,b		25,007		447,125
Patriot National Inc.a,b		26,072		55,273
State National Companies Inc.		68,598		1,260,831
Trupanion Inc.a,b		54,106		1,210,892
United Insurance Holdings Corp.		39,315		618,425
Universal Insurance Holdings Inc.		73,962		1,863,842
WMIH Corp.a,b		455,203		569,004
				16,182,080
INTERNET & DIRECT MARKETING RETAIL — 0.58%
1-800-Flowers.com Inc. Class Aa		62,614		610,486
CafePress Inc.a		15,556		40,290
Duluth Holdings Inc.a,b		22,698		413,331
EVINE Live Inc.a		130,960		130,960
FTD Companies Inc.a		39,476		789,520
Gaia Inc.a,b		23,954		268,285
JRjr33 Inc.a		7,933		4,641
Overstock.com Inc.a,b		39,570		644,991
PetMed Express Inc.		46,415		1,884,449
U.S. Auto Parts Network Inc.a		40,487		130,773
				4,917,726
INTERNET SOFTWARE & SERVICES — 2.92%
Actua Corp.a		72,673		1,021,056
Amber Road Inc.a,b		48,042		411,720
Angie’s List Inc.a,b		94,182		1,204,588
Appfolio Inc.a		19,742		643,589
Apptio Inc. Class Aa		41,679		723,131
ARI Network Services Inc.a		44,260		312,033
Autobytel Inc.a,b		18,307		230,851
Bazaarvoice Inc.a,b		196,914		974,724
Blucora Inc.a,b		96,887		2,054,004
Brightcove Inc.a,b		79,280		491,536
Carbonite Inc.a,b		58,571		1,276,848
Care.com Inc.a,b		31,589		476,994
ChannelAdvisor Corp.a		60,196		695,264
Covisint Corp.a		93,829		229,881

285

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Determine Inc.a		23,078	$	61,387
DHI Group Inc.a		110,029		313,583
eGain Corp.a,b		40,329		68,559
Global Sources Ltd.a		18,060		361,200
Instructure Inc.a,b		50,376		1,486,092
Internap Corp.a,b		186,177		683,270
Inuvo Inc.a		62,133		63,376
iPass Inc.a		160,020		211,226
Issuer Direct Corp.		6,714		86,946
Leaf Group Ltd.a,b		28,995		226,161
Limelight Networks Inc.a		173,517		501,464
Liquidity Services Inc.a,b		61,041		387,610
LivePerson Inc.a,b		127,226		1,399,486
Marchex Inc. Class Ba		85,421		254,555
Marin Software Inc.a		73,501		95,551
MaxPoint Interactive Inc.a		7,805		57,679
Meet Group Inc. (The)a,b		157,765		796,713
Numerex Corp. Class Aa,b		36,357		179,240
Ominto Inc.a,b		33,925		517,356
Professional Diversity Network Inc.a		3,856		26,529
QuinStreet Inc.a		87,671		365,588
Reis Inc.		22,464		477,360
Remark Holdings Inc.a,b		37,466		104,905
Rightside Group Ltd.a,b		29,114		309,191
Rocket Fuel Inc.a,b		78,899		216,972
SharpSpring Inc.a		15,832		71,719
Spark Networks Inc.a		37,509		36,009
Support.com Inc.a		40,168		93,993
Synacor Inc.a,b		76,341		278,645
TechTarget Inc.a		47,575		493,353
Travelzooa		14,292		156,497
Tremor Video Inc.a		82,434		205,261
Tucows Inc. Class Aa		21,357		1,142,599
Veritone Inc.a		6,990		81,853
Xactly Corp.a		61,187		957,577
XO Group Inc.a		58,068		1,023,158
YuMe Inc.		53,346		250,726
				24,789,608
IT SERVICES — 1.52%
ALJ Regional Holdings Inc.a,b		52,973		169,514
CardConnect Corp.a		37,085		558,129
Cass Information Systems Inc.		25,497		1,673,623

Security	Shares		Value
Computer Task Group Inc.		39,145	$	218,821
Edgewater Technology Inc.a		29,642		202,455
Everi Holdings Inc.a,b		150,129		1,092,939
Forrester Research Inc.		23,373		915,053
Hackett Group Inc. (The)		55,811		865,071
Information Services Group Inc.a		76,395		313,983
Innodata Inc.a		65,528		114,674
Mattersight Corp.a,b		55,037		140,344
ModusLink Global Solutions Inc.a		90,215		154,268
MoneyGram International Inc.a,b		67,826		1,169,998
NCI Inc. Class Aa		17,474		368,701
Perficient Inc.a		80,545		1,501,359
PFSweb Inc.a		36,724		303,340
Planet Payment Inc.a		103,110		340,263
PRGX Global Inc.a		50,601		328,907
ServiceSource International Inc.a		176,710		685,635
StarTek Inc.a,b		26,150		320,076
Unisys Corp.a,b		116,925		1,496,640
				12,933,793
LEISURE PRODUCTS — 0.61%
Black Diamond Inc.a,b		51,833		344,689
Escalade Inc.		28,300		370,730
JAKKS Pacific Inc.a		46,932		187,728
Johnson Outdoors Inc. Class A		11,450		552,005
Malibu Boats Inc. Class Aa,b		43,429		1,123,508
Marine Products Corp.		19,380		302,522
MCBC Holdings Inc.a		44,702		873,924
Nautilus Inc.a,b		71,047		1,360,550
Summer Infant Inc.a		32,327		57,542
				5,173,198
LIFE SCIENCES TOOLS & SERVICES — 0.70%
Albany Molecular Research Inc.a,b		61,002		1,323,743
ChromaDex Corp.a		84,292		321,996
Enzo Biochem Inc.a,b		98,677		1,089,394
Fluidigm Corp.a,b		67,839		274,070
Harvard Bioscience Inc.a		76,495		195,062
NanoString Technologies Inc.a,b		42,658		705,563
NeoGenomics Inc.a,b		132,895		1,190,739
Pacific Biosciences of California Inc.a,b		195,901		697,408
pSivida Corp.a,b		89,702		153,390
				5,951,365

286

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
MACHINERY — 2.71%
Alamo Group Inc.		22,123	$	2,008,990
ARC Group Worldwide Inc.a		21,444		62,188
ASV Holdings Inc.a		11,552		94,149
Blue Bird Corp.a,b		18,601		316,217
Columbus McKinnon Corp./NY		44,898		1,141,307
Commercial Vehicle Group Inc.a,b		59,160		499,902
DMC Global Inc.		33,689		441,326
Douglas Dynamics Inc.		51,693		1,700,700
Eastern Co. (The)		14,576		438,009
Energy Recovery Inc.a,b		84,544		700,870
ExOne Co. (The)a,b		26,800		306,860
FreightCar America Inc.		28,897		502,519
Gencor Industries Inc.a,b		20,748		336,118
Global Brass & Copper Holdings Inc.		51,515		1,573,783
Graham Corp.		23,980		471,447
Hardinge Inc.		29,527		366,725
Hurco Companies Inc.		15,498		538,555
Jason Industries Inc.a		49,844		64,299
Kadant Inc.		25,448		1,913,689
Key Technology Inc.a		10,395		142,931
LB Foster Co. Class A		19,984		428,657
LS Starrett Co. (The) Class A		17,198		147,903
Lydall Inc.a		39,230		2,028,191
Manitex International Inc.a,b		35,284		246,282
Miller Industries Inc./TN		26,634		661,855
NN Inc.		63,683		1,748,098
Park-Ohio Holdings Corp.		20,609		785,203
Perma-Pipe International Holdings Inc.a		16,168		129,344
Spartan Motors Inc.		81,269		719,231
Supreme Industries Inc. Class A		32,951		542,044
Titan International Inc.b		116,122		1,394,625
Twin Disc Inc.a		20,359		328,594
Xerium Technologies Inc.a		30,123		216,584
				22,997,195
MARINE — 0.25%
Eagle Bulk Shipping Inc.a		85,858		406,108
Genco Shipping & Trading Ltd.a		16,625		157,439
Navios Maritime Holdings Inc.a,b		208,026		284,996
Pangaea Logistics Solutions Ltd.a		19,883		56,667
Safe Bulkers Inc.a,b		110,826		253,791

Security	Shares		Value
Scorpio Bulkers Inc.a		135,692	$	963,413
				2,122,414
MEDIA — 1.30%
AH Belo Corp. Class A		49,312		271,216
Ballantyne Strong Inc.a,b		32,157		215,452
Beasley Broadcast Group Inc. Class A		12,568		123,166
Central European Media Enterprises Ltd. Class Aa,b		192,013		768,052
Daily Journal Corp.a,b		1,208		249,186
Emmis Communications Corp. Class Aa		25,369		73,063
Entercom Communications Corp. Class Ab		65,424		677,138
Entravision Communications Corp. Class A		154,619		1,020,485
Global Eagle Entertainment Inc.a		118,166		420,671
Harte-Hanks Inc.a		107,481		110,705
Hemisphere Media Group Inc.a,b		40,342		478,053
Lee Enterprises Inc.a,b		120,911		229,731
McClatchy Co. (The) Class Aa		12,399		115,807
MDC Partners Inc. Class A		128,424		1,271,398
National CineMedia Inc.		142,082		1,054,248
New Media Investment Group Inc.		119,950		1,616,926
Reading International Inc. Class Aa		41,797		674,186
Saga Communications Inc. Class A		9,662		442,036
Salem Media Group Inc. Class A		29,495		209,415
Townsquare Media Inc. Class Aa,b		24,028		246,047
tronc Inc.a		46,567		600,249
Urban One Inc.a		55,968		125,928
Xcel Brands Inc.a		16,299		49,712
				11,042,870
METALS & MINING — 1.18%
Ampco-Pittsburgh Corp.		21,037		310,296
Friedman Industries Inc.		24,534		139,353
Gerber Scientific Inc. Escrowa,c		44,403		444
Gold Resource Corp.		124,818		509,257
Handy & Harman Ltd.a		5,539		173,925
Haynes International Inc.		29,090		1,056,258
Klondex Mines Ltd.a,b		415,521		1,400,306
Olympic Steel Inc.		21,802		424,703

287

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Pershing Gold Corp.a,b		45,693	$	127,483
Ramaco Resources Inc.a,b		15,961		96,564
Real Industry Inc.a,b		67,773		196,542
Ryerson Holding Corp.a		36,492		361,271
Schnitzer Steel Industries Inc. Class A		62,283		1,569,532
SunCoke Energy Inc.a		151,573		1,652,146
Synalloy Corp.a		22,687		257,497
TimkenSteel Corp.a		92,591		1,423,124
Universal Stainless & Alloy Products Inc.a		17,651		344,194
				10,042,895
MORTGAGE REAL ESTATE INVESTMENT — 1.30%
AG Mortgage Investment Trust Inc.b		62,847		1,150,100
Anworth Mortgage Asset Corp.		211,290		1,269,853
Ares Commercial Real Estate Corp.		64,349		842,329
Cherry Hill Mortgage Investment Corp.b		32,630		602,676
Dynex Capital Inc.		103,932		737,917
Ellington Residential Mortgage REIT		22,880		335,421
Five Oaks Investment Corp.		43,814		213,812
Great Ajax Corp.		43,932		614,169
Manhattan Bridge Capital Inc.b		23,401		139,236
New York Mortgage Trust Inc.b		257,321		1,600,537
Orchid Island Capital Inc.		73,965		729,295
Owens Realty Mortgage Inc.		29,419		498,946
Resource Capital Corp.b		69,625		708,086
Sutherland Asset Management Corp.		43,585		647,237
Western Asset Mortgage Capital Corp.b		94,477		973,113
				11,062,727
MULTI-UTILITIES — 0.19%
Unitil Corp.		32,836		1,586,307
				1,586,307
MULTILINE RETAIL — 0.11%
Fred’s Inc. Class Ab		84,019		775,495
Tuesday Morning Corp.a,b		103,045		195,786
				971,281

Security	Shares		Value
OIL, GAS & CONSUMABLE FUELS — 3.06%
Abraxas Petroleum Corp.a,b		360,431	$	583,898
Adams Resources & Energy Inc.		6,303		258,927
Aemetis Inc.a		18,167		24,344
Approach Resources Inc.a,b		98,069		330,493
Ardmore Shipping Corp.b		67,983		554,061
Bill Barrett Corp.a,b		173,259		531,905
Bonanza Creek Energy Inc.a		48,215		1,528,898
California Resources Corp.a		98,068		838,481
Centrus Energy Corp.a		12,702		53,348
Clean Energy Fuels Corp.a,b		322,893		820,148
Cloud Peak Energy Inc.a,b		172,434		608,692
Comstock Resources Inc.a		32,507		229,825
Contango Oil & Gas Co.a		55,608		369,237
DHT Holdings Inc.		180,585		749,428
Dorian LPG Ltd.a		44,107		360,795
Earthstone Energy Inc. Class Aa,b		23,749		237,728
Eclipse Resources Corp.a		199,015		569,183
Energy Fuels Inc./Canadaa,b		164,841		262,097
Evolution Petroleum Corp.		62,677		507,684
Gastar Exploration Inc.a,b		406,750		376,651
Gener8 Maritime Inc.a,b		109,965		625,701
Hallador Energy Co.		40,839		317,319
Isramco Inc.a,b		2,410		275,704
Jones Energy Inc. Class Aa,b		105,581		168,930
Lilis Energy Inc.a,b		105,378		516,352
Lonestar Resources U.S. Inc. Class Aa		27,806		119,566
Midstates Petroleum Co. Inc.a		27,306		345,967
Navios Maritime Acquisition Corp.		192,364		282,775
Northern Oil and Gas Inc.a,b		111,781		156,493
Overseas Shipholding Group Inc. Series Aa		102,939		273,818
Pacific Ethanol Inc.a,b		97,711		610,694
Panhandle Oil and Gas Inc. Class A		38,428		887,687
Penn Virginia Corp.a,b		33,499		1,231,088
PetroQuest Energy Inc.a		43,748		86,621
Renewable Energy Group Inc.a,b		91,057		1,179,188
REX American Resources Corp.a		13,640		1,317,078
Ring Energy Inc.a,b		107,684		1,399,892
Rosehill Resources Inc.a,b		8,654		72,174
Sanchez Energy Corp.a,b		157,390		1,130,060

288

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
SandRidge Energy Inc.a		81,529	$	1,403,114
SilverBow Resources Inc.a		16,992		444,511
Stone Energy Corp.a		45,239		831,493
Teekay Tankers Ltd. Class A		284,400		534,672
Torchlight Energy Resources Inc.a		98,790		163,991
TransAtlantic Petroleum Ltd.a		52,982		63,578
Uranium Energy Corp.a,b		324,541		516,020
Uranium Resources Inc.a,b		57,412		85,544
VAALCO Energy Inc.a		121,900		113,977
Vertex Energy Inc.a,b		65,330		69,903
W&T Offshore Inc.a		215,940		423,242
Westmoreland Coal Co.a		43,095		209,873
Zion Oil & Gas Inc.a,b		107,155		367,542
				26,020,390
PAPER & FOREST PRODUCTS — 0.04%
Verso Corp. Class Aa		78,195		366,735
				366,735
PERSONAL PRODUCTS — 0.39%
DS Healthcare Group Inc.a		30,533		3,511
Female Health Co. (The)a		26,417		27,738
Lifevantage Corp.a,b		37,471		162,249
Mannatech Inc.		5,888		93,619
Medifast Inc.		25,594		1,061,383
Natural Alternatives International Inc.a		16,714		167,140
Natural Health Trends Corp.b		17,937		499,546
Nature’s Sunshine Products Inc.		24,535		325,089
Nutraceutical International Corp.		19,046		793,266
United-Guardian Inc.		11,636		179,776
				3,313,317
PHARMACEUTICALS — 3.28%
AcelRx Pharmaceuticals Inc.a,b		84,785		182,288
Aclaris Therapeutics Inc.a		47,527		1,288,932
Adamis Pharmaceuticals Corp.a,b		61,760		321,152
Adolor Corp. Escrowa,c		77,501		1
Agile Therapeutics Inc.a		39,004		146,265
Alimera Sciences Inc.a,b		104,063		144,648
Amphastar Pharmaceuticals Inc.a,b		85,315		1,523,726
ANI Pharmaceuticals Inc.a,b		18,922		885,550
Aratana Therapeutics Inc.a,b		95,146		687,906
Assembly Biosciences Inc.a,b		33,718		696,277
Axsome Therapeutics Inc.a,b		37,377		205,574

Security	Shares		Value
BioDelivery Sciences International Inc.a,b		123,378	$	345,458
Cempra Inc.a		111,463		512,730
Clearside Biomedical Inc.a,b		49,437		450,371
Collegium Pharmaceutical Inc.a,b		53,193		665,444
Corium International Inc.a,b		47,472		354,141
Cumberland Pharmaceuticals Inc.a		25,768		182,180
Cymabay Therapeutics Inc.a		62,744		361,405
DURECT Corp.a		325,018		507,028
Egalet Corp.a,b		48,015		113,796
Endocyte Inc.a,b		98,088		147,132
Evoke Pharma Inc.a		30,406		77,839
Flex Pharma Inc.a,b		25,488		98,129
Heska Corp.a		15,274		1,559,017
Imprimis Pharmaceuticals Inc.a,b		42,711		136,675
Intersect ENT Inc.a,b		61,425		1,716,829
Intra-Cellular Therapies Inc.a		78,840		979,193
Juniper Pharmaceuticals Inc.a		27,989		141,344
KemPharm Inc.a		30,459		121,836
Lipocine Inc.a,b		42,722		171,742
MyoKardia Inc.a		40,883		535,567
Neos Therapeutics Inc.a,b		46,658		340,603
NovaBay Pharmaceuticals Inc.a,b		11,029		42,462
Novan Inc.a		30,664		123,576
Novus Therapeutics Inc.a,b		9,188		53,750
Ocera Therapeutics Inc.a,b		53,407		61,952
Ocular Therapeutix Inc.a,b		52,641		487,982
Omeros Corp.a,b		98,332		1,957,299
Orexigen Therapeutics Inc.a,b		16,024		46,470
Paratek Pharmaceuticals Inc.a,b		55,424		1,335,718
Pernix Therapeutics Holdings Inc.a,b		21,962		88,287
PLx Pharma Inc.a		1,836		11,291
ProPhase Labs Inc.a		40,268		84,160
Pulmatrix Inc.a,b		29,910		72,083
Reata Pharmaceuticals Inc. Series Aa,b		20,712		655,328
Revance Therapeutics Inc.a,b		52,794		1,393,762
SciClone Pharmaceuticals Inc.a		121,752		1,339,272
SCYNEXIS Inc.a		51,384		91,977
Senestech Inc.a		8,448		50,181

289

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Sucampo Pharmaceuticals Inc. Class Aa,b		56,894	$	597,387
Teligent Inc.a,b		99,425		909,739
Tetraphase Pharmaceuticals Inc.a		89,499		638,128
Titan Pharmaceuticals Inc.a,b		50,478		95,908
VIVUS Inc.a		244,585		298,394
WaVe Life Sciences Ltd.a		28,289		526,175
Zogenix Inc.a,b		58,418		847,061
Zynerba Pharmaceuticals Inc.a,b		26,957		457,460
				27,866,580
PROFESSIONAL SERVICES — 1.55%
Acacia Research Corp.a		108,314		444,087
Barrett Business Services Inc.		16,791		961,956
BG Staffing Inc.		19,077		331,558
CBIZ Inc.a,b		119,728		1,795,920
CDI Corp.a		32,863		192,249
Cogint Inc.a,b		48,127		243,041
CRA International Inc.		20,226		734,608
DLH Holdings Corp.a		14,741		79,454
Franklin Covey Co.a,b		23,483		453,222
GP Strategies Corp.a		29,689		783,790
Heidrick & Struggles International Inc.		42,961		934,402
Hill International Inc.a,b		83,627		434,860
Hudson Global Inc.		65,937		88,356
Kelly Services Inc. Class A		71,200		1,598,440
Kforce Inc.		54,720		1,072,512
Mastech Digital Inc.a		9,620		62,338
Mistras Group Inc.a,b		40,665		893,410
Pendrell Corp.a		30,812		222,771
RCM Technologies Inc.a		21,066		106,383
Resources Connection Inc.		67,068		918,832
root9B Holdings Inc.a		10,449		93,519
Volt Information Sciences Inc.a,b		30,653		121,079
Willdan Group Inc.a,b		18,246		557,415
				13,124,202
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.59%
Altisource Asset Management Corp.a		1,709		156,032
Altisource Portfolio Solutions SAa,b		26,074		568,935
American Realty Investors Inc.a		6,495		56,636
Consolidated-Tomoka Land Co.b		10,171		579,238

Security	Shares		Value
Forestar Group Inc.a,b		79,574	$	1,364,694
FRP Holdings Inc.a,b		15,594		719,663
Griffin Industrial Realty Inc.		4,323		135,613
Maui Land & Pineapple Co. Inc.a,b		16,937		343,821
Tejon Ranch Co.a,b		35,140		725,290
Trinity Place Holdings Inc.a		45,909		326,413
				4,976,335
ROAD & RAIL — 0.54%
ArcBest Corp.		60,336		1,242,922
Celadon Group Inc.b		62,205		195,946
Covenant Transportation Group Inc. Class Aa,b		28,248		495,187
Daseke Inc.a		48,346		538,091
PAM Transportation Services Inc.a		7,123		134,981
Patriot Transportation Holding Inc.a		8,534		152,503
Roadrunner Transportation Systems Inc.a		72,164		524,632
Universal Logistics Holdings Inc.		19,289		289,335
USA Truck Inc.a,b		20,917		181,141
YRC Worldwide Inc.a,b		76,803		854,049
				4,608,787
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.01%
Adesto Technologies Corp.a,b		25,556		116,280
Aehr Test Systemsa		43,000		161,250
Alpha & Omega Semiconductor Ltd.a		44,206		736,914
Amtech Systems Inc.a		25,285		213,405
Atomera Inc.a,b		8,486		36,575
Axcelis Technologies Inc.a,b		70,952		1,486,444
AXT Inc.a,b		87,810		557,594
CEVA Inc.a,b		50,297		2,285,999
Cohu Inc.		63,333		996,861
CVD Equipment Corp.a,b		16,412		181,681
Cyberoptics Corp.a,b		16,970		350,431
DSP Group Inc.a		53,501		620,612
Everspin Technologies Inc.a,b		16,597		331,608
FormFactor Inc.a		168,752		2,092,525
GSI Technology Inc.a,b		35,995		282,921
Ichor Holdings Ltd.a		27,375		551,880
Impinj Inc.a,b		42,389		2,062,225

290

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Intermolecular Inc.a		17,565	$	16,335
inTEST Corp.a		20,762		139,105
IXYS Corp.		58,630		964,464
Kopin Corp.a,b		145,827		541,018
Nanometrics Inc.a		56,329		1,424,560
NeoPhotonics Corp.a,b		74,752		577,085
NVE Corp.		11,417		879,109
PDF Solutions Inc.a,b		65,451		1,076,669
Photronics Inc.a,b		155,946		1,465,892
Pixelworks Inc.a,b		67,046		307,741
QuickLogic Corp.a,b		184,935		270,005
Rudolph Technologies Inc.a		73,173		1,672,003
Sigma Designs Inc.a		89,099		521,229
Ultra Clean Holdings Inc.a		77,212		1,447,725
Xcerra Corp.a		125,850		1,229,555
				25,597,700
SOFTWARE — 2.56%
A10 Networks Inc.a,b		115,158		971,934
Agilysys Inc.a,b		38,481		389,428
American Software Inc./GA Class A		64,543		664,147
Asure Software Inc.a		16,708		244,104
Aware Inc./MAa		33,797		174,055
Bsquare Corp.a		32,549		182,274
Datawatch Corp.a		25,912		240,982
Digiliti Money Group Inc.a,b		23,883		75,948
Digimarc Corp.a,b		23,870		958,380
Digital Turbine Inc.a,b		147,435		151,858
EnerNOC Inc.a		65,621		508,563
Everbridge Inc.a		39,964		973,523
Evolving Systems Inc.		27,194		140,049
Exa Corp.a,b		34,542		476,680
Finjan Holdings Inc.a		17,214		56,462
FORM Holdings Corp.a		34,041		56,168
GlobalSCAPE Inc.		32,524		172,052
Glu Mobile Inc.a,b		242,799		606,997
GSE Systems Inc.a		41,467		122,328
Guidance Software Inc.a,b		54,474		360,073
Mind CTI Ltd.		54,918		137,295
Mitek Systems Inc.a,b		73,363		616,249
MobileIron Inc.a,b		128,557		777,770
Model N Inc.a,b		55,538		738,655
NetSol Technologies Inc.a		28,479		112,492

Security	Shares		Value
Park City Group Inc.a,b		33,022	$	401,217
PolarityTE Inc.a,b		9,848		227,587
PROS Holdings Inc.a,b		61,887		1,695,085
QAD Inc. Class A		23,220		744,201
RealNetworks Inc.a,b		59,800		258,934
Rosetta Stone Inc.a,b		40,782		439,630
Rubicon Project Inc. (The)a,b		103,456		531,764
Seachange International Inc.a		80,725		214,729
Silver Spring Networks Inc.a		97,252		1,097,003
SITO Mobile Ltd.a,b		39,755		147,491
Telenav Inc.a		72,972		591,073
Top Image Systems Ltd.a		7,495		9,144
Upland Software Inc.a		17,755		390,432
Varonis Systems Inc.a		45,060		1,676,232
VASCO Data Security International Inc.a		70,686		1,014,344
VirnetX Holding Corp.a,b		119,333		542,965
Workiva Inc.a,b		59,091		1,125,684
Zix Corp.a		127,370		724,735
				21,740,716
SPECIALTY RETAIL — 2.28%
America’s Car-Mart Inc./TXa,b		18,188		707,513
Barnes & Noble Education Inc.a,b		90,684		963,971
Barnes & Noble Inc.		136,446		1,036,989
bebe stores Inc.a,b		7,953		47,241
Big 5 Sporting Goods Corp.b		47,016		613,559
Boot Barn Holdings Inc.a,b		28,946		204,938
Build-A-Bear Workshop Inc.a,b		34,203		357,421
Christopher & Banks Corp.a		71,014		93,028
Citi Trends Inc.		34,683		735,973
Conn’s Inc.a,b		42,771		816,926
Container Store Group Inc. (The)a,b		36,779		217,732
Destination Maternity Corp.a		27,183		88,073
Destination XL Group Inc.a,b		84,121		197,684
DGSE Companies Inc.a		32,240		53,841
Francesca’s Holdings Corp.a		86,426		945,500
GNC Holdings Inc. Class Ab		156,262		1,317,289
Haverty Furniture Companies Inc.		44,449		1,115,670
Hibbett Sports Inc.a		49,801		1,033,371
J. Jill Inc.a		26,810		329,495
Kirkland’s Inc.a		36,204		372,177

291

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Lumber Liquidators Holdings Inc.a,b		65,777	$	1,648,372
MarineMax Inc.a		59,474		1,162,717
New York & Co. Inc.a		66,799		92,183
Pier 1 Imports Inc.		187,110		971,101
Sears Hometown and Outlet Stores Inc.a,b		22,976		62,035
Shoe Carnival Inc.		26,929		562,277
Sportsman’s Warehouse Holdings Inc.a,b		85,518		461,797
Stage Stores Inc.		56,205		116,906
Stein Mart Inc.		68,388		115,576
Tandy Leather Factory Inc.a		13,908		123,781
Tilly’s Inc. Class A		31,259		317,279
Trans World Entertainment Corp.a		16,868		27,832
Vitamin Shoppe Inc.a		48,520		565,258
West Marine Inc.		45,440		583,904
Winmark Corp.		5,864		756,163
Zumiez Inc.a,b		42,497		524,838
				19,340,410
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.43%
AstroNova Inc.		16,210		212,351
Avid Technology Inc.a,b		79,301		417,123
Concurrent Computer Corp.		25,295		170,488
CPI Card Group Inc.		50,156		142,945
Eastman Kodak Co.a		38,133		347,010
Immersion Corp.a,b		69,484		630,915
Intevac Inc.a,b		47,226		524,209
Quantum Corp.a		66,099		516,233
TransAct Technologies Inc.		21,464		182,444
USA Technologies Inc.a,b		95,886		498,607
				3,642,325
TEXTILES, APPAREL & LUXURY GOODS — 0.97%
Cherokee Inc.a		30,986		215,353
Crocs Inc.a		170,935		1,317,909
Crown Crafts Inc.		28,972		199,907
Culp Inc.		25,875		840,937
Delta Apparel Inc.a,b		17,343		384,668
Iconix Brand Group Inc.a		116,755		806,777
Lakeland Industries Inc.a,b		19,252		279,154
Mossimo Inc. Escrowa,bc		21,276		—
Movado Group Inc.		35,884		906,071

Security	Shares		Value
Perry Ellis International Inc.a		30,832	$	599,991
Rocky Brands Inc.		18,312		246,296
Sequential Brands Group Inc.a,b		94,041		375,224
Superior Uniform Group Inc.		21,600		482,760
Unifi Inc.a,b		36,299		1,118,009
Vera Bradley Inc.a,b		46,631		456,051
				8,229,107
THRIFTS & MORTGAGE FINANCE — 3.91%
ASB Bancorp. Inc.a		8,784		386,057
Atlantic Coast Financial Corp.a		44,266		353,685
Bank Mutual Corp.		110,291		1,009,163
BankFinancial Corp.		43,785		653,272
Bear State Financial Inc.		56,966		538,898
BSB Bancorp. Inc./MAa,b		25,355		741,634
Central Federal Corp.a		47,604		99,016
Charter Financial Corp./MD		34,231		616,158
Clifton Bancorp. Inc.		56,680		936,920
Dime Community Bancshares Inc.		78,208		1,532,877
Entegra Financial Corp.a,b		16,539		376,262
ESSA Bancorp. Inc.		32,360		476,339
Federal Agricultural Mortgage Corp. Class C		20,671		1,337,414
First Defiance Financial Corp.		25,625		1,349,925
Hingham Institution for Savings		3,899		709,345
Home Bancorp. Inc.		16,919		719,396
HomeStreet Inc.a		69,889		1,934,178
HopFed Bancorp. Inc.		22,693		333,814
IMPAC Mortgage Holdings Inc.a,b		25,656		388,175
Meridian Bancorp. Inc.		117,615		1,987,693
Meta Financial Group Inc.		21,850		1,944,650
NMI Holdings Inc. Class Aa,b		134,390		1,538,766
OceanFirst Financial Corp.		76,467		2,073,785
Ocwen Financial Corp.a,b		243,979		656,304
PCSB Financial Corp.a,b		47,278		806,563
Provident Bancorp. Inc.a		2,049		46,103
Provident Financial Holdings Inc.		25,688		494,494
Prudential Bancorp. Inc.b		27,169		493,389
Randolph Bancorp Inc.a		14,732		242,783
Riverview Bancorp. Inc.		59,292		393,699
Security National Financial Corp. Class Aa		22,492		143,949
SI Financial Group Inc.		37,403		602,188
Southern Missouri Bancorp. Inc.		17,654		569,518

292

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

Security	Shares		Value
Territorial Bancorp. Inc.		23,928	$	746,314
Timberland Bancorp. Inc./WA		20,171		509,721
United Community Financial Corp./OH		126,428		1,050,617
United Financial Bancorp. Inc.		123,735		2,065,137
Walter Investment Management Corp.a,b		36,365		34,441
Waterstone Financial Inc.		65,703		1,238,502
Westbury Bancorp. Inc.a		15,591		317,433
Western New England Bancorp Inc.		76,150		772,923
				33,221,500
TOBACCO — 0.10%
22nd Century Group Inc.a		191,935		335,886
Alliance One International Inc.a,b		20,072		289,037
Turning Point Brands Inc.a		13,422		205,894
				830,817
TRADING COMPANIES & DISTRIBUTORS — 0.66%
BlueLinx Holdings Inc.a		11,557		126,087
CAI International Inc.a,b		36,217		854,721
DXP Enterprises Inc./TXa,b		36,734		1,267,323
EnviroStar Inc.b		8,723		235,957
Foundation Building Materials Inc.a		30,942		397,914
General Finance Corp.a,b		26,177		134,812
Houston Wire & Cable Co.		43,000		225,750
Huttig Building Products Inc.a,b		58,573		410,597
Lawson Products Inc./DEa		16,369		362,573
Neff Corp.a		19,578		371,982
Titan Machinery Inc.a,b		43,381		779,991
Transcat Inc.a		15,035		182,675
Willis Lease Finance Corp.a,b		9,400		251,262
				5,601,644
TRANSPORTATION INFRASTRUCTURE — 0.00%
Sino-Global Shipping America Ltd.a,b		12,251		34,670
				34,670
WATER UTILITIES — 0.81%
AquaVenture Holdings Ltd.a,b		28,214		429,699
Artesian Resources Corp. Class A		19,187		722,199
Cadiz Inc.a,b		51,349		693,211
Connecticut Water Service Inc.		26,112		1,449,477
Consolidated Water Co. Ltd.		36,842		456,841

Security	Shares		Value
Global Water Resources Inc.b		29,629	$	293,327
Middlesex Water Co.		37,030		1,466,388
Pure Cycle Corp.a,b		45,232		350,548
York Water Co. (The)		30,293		1,055,711
				6,917,401
WIRELESS TELECOMMUNICATION SERVICES — 0.25%
Boingo Wireless Inc.a,b		85,940		1,285,662
Spok Holdings Inc.		48,484		858,167
				2,143,829
TOTAL COMMON STOCKS
(Cost: $819,434,896)				847,310,768
WARRANTS — 0.00%
ENERGY EQUIPMENT & SERVICES — 0.00%
Basic Energy Services Inc. (Expires 12/23/23)a,b		4,203		12,399
				12,399
OIL, GAS & CONSUMABLE FUELS — 0.00%
Bonanza Creek Energy Inc. (Expires 04/28/20)a,b		3,787		5,302
				5,302
TOTAL WARRANTS (Cost: $0)				17,701
SHORT-TERM INVESTMENTS — 21.29%
MONEY MARKET FUNDS — 21.29%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		180,007,207		180,061,210
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		812,673		812,673
				180,873,883
TOTAL SHORT-TERM INVESTMENTS
(Cost: $180,838,415)				180,873,883

293

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MICRO-CAP ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 121.01%
(Cost: $1,000,273,311)g	$	1,028,202,352
Other Assets, Less Liabilities — (21.01)%		(178,520,585	)
NET ASSETS — 100.00%	$	849,681,767

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $1,018,038,787. Net unrealized appreciation was $10,163,565, of which $161,277,370 represented gross unrealized appreciation on securities and $151,113,805 represented gross unrealized depreciation on securities.

Schedule 1 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
Russell 2000 Mini		23		Sep. 2017		ICE Markets Equity	$	1,620,262	$	1,626,445	$	6,183

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	846,663,313	$	647,010	$	445	$	847,310,768
Warrants		17,701		—		—		17,701
Money market funds		180,873,883		—		—		180,873,883
Total	$	1,027,554,897	$	647,010	$	445	$	1,028,202,352
Derivative financial instrumentsa:
Assets:
Futures contracts	$	6,183	$	—	$	—	$	6,183
Total	$	6,183	$	—	$	—	$	6,183

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

294

Schedule of Investments (Unaudited)

iSHARES^® MORTGAGE REAL ESTATE CAPPED ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 98.06%
DIVERSIFIED REITS — 2.28%
iStar Inc.a,b		2,240,211	$	26,972,141
RAIT Financial Trusta		2,094,612		4,587,200
				31,559,341
MORTGAGE REITS — 95.27%
AG Mortgage Investment Trust Inc.a		684,464		12,525,691
AGNC Investment Corp.a		6,470,140		137,749,281
Annaly Capital Management Inc.a		18,509,492		223,039,379
Anworth Mortgage Asset Corp.a		2,701,599		16,236,610
Apollo Commercial Real Estate Finance Inc.a		3,294,937		61,121,081
Ares Commercial Real Estate Corp.		891,698		11,672,327
ARMOUR Residential REIT Inc.a		1,169,632		29,240,800
Blackstone Mortgage Trust Inc. Class Aa		1,989,747		62,876,005
Capstead Mortgage Corp.a		2,920,860		30,464,570
Cherry Hill Mortgage Investment Corp.a		405,123		7,482,622
Chimera Investment Corp.a		3,284,418		61,188,707
CYS Investments Inc.a		4,826,560		40,591,370
Dynex Capital Inc.a		1,545,310		10,971,701
Ellington Residential Mortgage REIT		306,639		4,495,328
Great Ajax Corp.		542,483		7,583,912
Hannon Armstrong Sustainable Infrastructure Capital Inc.a		1,575,819		36,038,980
Invesco Mortgage Capital Inc.		3,564,010		59,554,607
Ladder Capital Corp.a		2,266,681		30,396,192
MFA Financial Inc.a		7,455,198		62,549,111
MTGE Investment Corp.a		1,455,201		27,357,779
New Residential Investment Corp.a		5,603,188		87,185,605
New York Mortgage Trust Inc.a		3,348,439		20,827,291
Orchid Island Capital Inc.a		1,068,874		10,539,098
PennyMac Mortgage Investment Trustc		1,687,500		30,864,375
Redwood Trust Inc.a		2,440,131		41,579,832

Security	Shares		Value
Resource Capital Corp.a		915,420	$	9,309,821
Starwood Property Trust Inc.a		4,649,945		104,112,269
Sutherland Asset Management Corp.		577,866		8,581,310
Two Harbors Investment Corp.a		6,342,673		62,855,889
Western Asset Mortgage Capital Corp.a		1,135,022		11,690,727
				1,320,682,270
SPECIALIZED REITS — 0.51%
Jernigan Capital Inc.a		322,142		7,087,124
				7,087,124
TOTAL COMMON STOCKS (Cost: $1,283,787,238)				1,359,328,735
SHORT-TERM INVESTMENTS — 14.26%
MONEY MARKET FUNDS — 14.26%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,ef		196,492,735		196,551,682
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		1,054,487		1,054,487
				197,606,169
TOTAL SHORT-TERM INVESTMENTS (Cost: $197,601,887)				197,606,169
TOTAL INVESTMENTS IN SECURITIES — 112.32% (Cost: $1,481,389,125)g				1,556,934,904
Other Assets, Less Liabilities — (12.32)%				(170,760,028	)
NET ASSETS — 100.00%			$	1,386,174,876

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  Affiliated issuer. See Schedule 1.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $1,597,092,910. Net unrealized depreciation was $40,158,006, of which $94,673,800 represented gross unrealized appreciation on securities and $134,831,806 represented gross unrealized depreciation on securities.

295

Schedule of Investments (Unaudited) (Continued)

iSHARES^® MORTGAGE REAL ESTATE CAPPED ETF

June 30, 2017

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold		Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
PennyMac Mortgage Investment Trust		1,582,374		105,126		—		1,687,500	$	30,864,375	$	793,125	$	—

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	1,359,328,735	$	—	$	—	$	1,359,328,735
Money market funds		197,606,169		—		—		197,606,169
Total	$	1,556,934,904	$	—	$	—	$	1,556,934,904

296

Schedule of Investments (Unaudited)

iSHARES^® NASDAQ BIOTECHNOLOGY ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.97%
BIOTECHNOLOGY — 82.47%
ACADIA Pharmaceuticals Inc.a,b		1,766,692	$	49,273,040
Acceleron Pharma Inc.a,b		558,983		16,987,493
Achillion Pharmaceuticals Inc.a,b		1,979,163		9,084,358
Acorda Therapeutics Inc.a,b		675,392		13,305,222
Adamas Pharmaceuticals Inc.a,b		323,637		5,660,411
Aduro Biotech Inc.a,b		1,012,042		11,537,279
Agios Pharmaceuticals Inc.a,b		697,807		35,902,170
Aimmune Therapeutics Inc.a,b		728,738		14,982,853
Akebia Therapeutics Inc.a,b		562,551		8,083,858
Alder Biopharmaceuticals Inc.a,b		729,745		8,355,580
Alexion Pharmaceuticals Inc.a		3,250,590		395,499,285
Alkermes PLCa		2,217,529		128,550,156
Alnylam Pharmaceuticals Inc.a,b		1,320,037		105,286,151
AMAG Pharmaceuticals Inc.a,b		506,952		9,327,917
Amarin Corp. PLC ADRa,b		3,813,679		15,369,126
Amgen Inc.		4,527,713		779,808,010
Amicus Therapeutics Inc.a,b		2,068,774		20,832,554
Aquinox Pharmaceuticals Inc.a,b		339,036		4,770,237
Ardelyx Inc.a,b		683,650		3,486,615
Arena Pharmaceuticals Inc.a,b		459,752		7,756,016
Array BioPharma Inc.a,b		2,472,452		20,694,423
Arrowhead Pharmaceuticals Inc.a,b		1,090,714		1,766,957
Atara Biotherapeutics Inc.a,b		421,369		5,899,166
Audentes Therapeutics Inc.a		401,658		7,683,718
Avexis Inc.a,b		402,332		33,055,597
BeiGene Ltd. ADRa,b		285,326		12,839,670
Bellicum Pharmaceuticals Inc.a,b		480,483		5,612,041
BioCryst Pharmaceuticals Inc.a,b		1,164,156		6,472,707
Biogen Inc.a		2,836,825		769,800,832
BioMarin Pharmaceutical Inc.a,b		2,525,818		229,394,791
Bluebird Bio Inc.a,b		592,758		62,269,228

Security	Shares		Value
Blueprint Medicines Corp.a,b		564,820	$	28,619,429
Celgene Corp.a		6,143,536		797,861,020
Celldex Therapeutics Inc.a,b		1,816,824		4,487,555
ChemoCentryx Inc.a,b		697,337		6,527,074
China Biologic Products Inc.a		393,743		44,532,333
Clovis Oncology Inc.a,b		648,101		60,681,697
Coherus Biosciences Inc.a,b		742,410		10,653,584
Curis Inc.a,b		2,109,701		3,987,335
Cytokinetics Inc.a,b		652,579		7,896,206
DBV Technologies SA ADRa,b		352,942		12,603,559
Eagle Pharmaceuticals Inc./DEa		221,419		17,467,745
Editas Medicine Inc.a,b		598,564		10,043,904
Enanta Pharmaceuticals Inc.a,b		276,216		9,938,252
Epizyme Inc.a,b		844,745		12,755,650
Esperion Therapeutics Inc.a,b		327,013		15,134,162
Exelixis Inc.a,b		4,234,295		104,290,686
FibroGen Inc.a,b		1,012,506		32,703,944
Five Prime Therapeutics Inc.a,b		416,664		12,545,753
Flexion Therapeutics Inc.a,b		459,693		9,294,992
Foundation Medicine Inc.a,b		515,970		20,509,807
Genomic Health Inc.a,b		496,771		16,169,896
Geron Corp.a,b		2,304,196		6,382,623
Gilead Sciences Inc.		10,831,915		766,682,944
Global Blood Therapeutics Inc.a,b		631,334		17,266,985
Grifols SA ADRb		2,103,864		44,454,646
Halozyme Therapeutics Inc.a,b		2,045,716		26,226,079
Immunomedics Inc.a,b		1,595,020		14,084,027
Incyte Corp.a		2,717,382		342,145,568
Inovio Pharmaceuticals Inc.a,b		1,080,289		8,469,466
Insmed Inc.a,b		899,907		15,442,404
Insys Therapeutics Inc.a,b		1,044,062		13,207,384
Intellia Therapeutics Inc.a,b		521,558		8,344,928
Intercept Pharmaceuticals Inc.a,b		362,042		43,832,425
Ionis Pharmaceuticals Inc.a,b		1,794,466		91,284,485
Iovance Biotherapeutics Inc.a,b		902,557		6,633,794
Ironwood Pharmaceuticals Inc.a,b		1,940,628		36,639,057
Juno Therapeutics Inc.a,b		1,535,859		45,906,826

297

Schedule of Investments (Unaudited) (Continued)

iSHARES^® NASDAQ BIOTECHNOLOGY ETF

June 30, 2017

Security	Shares		Value
Karyopharm Therapeutics Inc.a,b		681,515	$	6,167,711
Kite Pharma Inc.a,b		818,549		84,858,975
Lexicon Pharmaceuticals Inc.a,b		1,523,345		25,059,025
Ligand Pharmaceuticals Inc.a,b		303,905		36,894,067
Loxo Oncology Inc.a,b		378,570		30,357,528
MacroGenics Inc.a,b		506,842		8,874,803
MediciNova Inc.a,b		500,015		2,630,079
Merrimack Pharmaceuticals Inc.b		1,945,289		2,412,158
Minerva Neurosciences Inc.a,b		525,208		4,648,091
Momenta Pharmaceuticals Inc.a,b		1,071,036		18,100,508
Myriad Genetics Inc.a,b		986,071		25,480,075
NantKwest Inc.a,b		1,189,279		9,026,628
Neurocrine Biosciences Inc.a,b		1,274,955		58,647,930
NewLink Genetics Corp.a,b		418,782		3,078,048
Novavax Inc.a,b		4,069,894		4,680,378
OncoMed Pharmaceuticals Inc.a,b		556,743		1,853,954
Ophthotech Corp.a,b		535,899		1,371,901
OPKO Health Inc.a,b		8,097,458		53,281,274
Organovo Holdings Inc.a,b		1,511,431		3,975,064
Otonomy Inc.a,b		437,986		8,256,036
PDL BioPharma Inc.		2,330,341		5,755,942
Portola Pharmaceuticals Inc.a,b		825,403		46,362,887
Progenics Pharmaceuticals Inc.a,b		1,016,535		6,902,273
Prothena Corp. PLCa,b		550,335		29,784,130
PTC Therapeutics Inc.a,b		597,018		10,943,340
Radius Health Inc.a,b		627,891		28,399,510
Regeneron Pharmaceuticals Inc.a		1,469,525		721,742,508
REGENXBIO Inc.a,b		446,099		8,810,455
Repligen Corp.a,b		493,345		20,444,217
Retrophin Inc.a,b		552,575		10,714,429
Rigel Pharmaceuticals Inc.a,b		1,772,300		4,838,379
Sage Therapeutics Inc.a,b		540,634		43,056,092
Sangamo Therapeutics Inc.a,b		1,041,392		9,164,250
Sarepta Therapeutics Inc.a,b		795,480		26,815,631
Seattle Genetics Inc.a,b		2,065,922		106,890,804
Seres Therapeutics Inc.a,b		584,668		6,606,748

Security	Shares		Value
Shire PLC ADRb		1,133,921	$	187,403,124
Spark Therapeutics Inc.a,b		450,566		26,916,813
Spectrum Pharmaceuticals Inc.a,b		1,164,038		8,672,083
Synergy Pharmaceuticals Inc.a,b		3,256,269		14,490,397
TESARO Inc.a,b		779,737		109,054,017
Trevena Inc.a,b		832,641		1,915,074
Ultragenyx Pharmaceutical Inc.a,b		612,483		38,041,319
United Therapeutics Corp.a		652,237		84,614,706
Vanda Pharmaceuticals Inc.a		644,923		10,512,245
Versartis Inc.a,b		509,646		8,893,323
Vertex Pharmaceuticals Inc.a		2,843,390		366,427,669
XBiotech Inc.a,b		510,833		2,400,915
Xencor Inc.a,b		676,024		14,270,867
				7,875,554,065
HEALTH CARE EQUIPMENT & SUPPLIES — 0.27%
Cerus Corp.a,b		1,514,111		3,800,419
Novocure Ltd.a,b		1,275,991		22,074,644
				25,875,063
HEALTH CARE TECHNOLOGY — 0.08%
NantHealth Inc.a,b		1,761,205		7,449,897
				7,449,897
LIFE SCIENCES TOOLS & SERVICES — 7.03%
Albany Molecular Research Inc.a		621,471		13,485,921
Bio-Techne Corp.		540,404		63,497,470
Compugen Ltd.a,b		739,907		2,811,647
Illumina Inc.a,b		1,981,534		343,835,780
INC Research Holdings Inc. Class Aa,b		783,160		45,814,860
Luminex Corp.b		635,841		13,428,962
NanoString Technologies Inc.a,b		314,789		5,206,610
Pacific Biosciences of California Inc.a,b		1,354,175		4,820,863
PRA Health Sciences Inc.a		904,311		67,832,368
QIAGEN NV		3,295,506		110,498,316
				671,232,797
PHARMACEUTICALS — 10.12%
Aerie Pharmaceuticals Inc.a,b		507,072		26,646,634
Akorn Inc.a,b		1,803,012		60,473,022

298

Schedule of Investments (Unaudited) (Continued)

iSHARES^® NASDAQ BIOTECHNOLOGY ETF

June 30, 2017

Security	Shares		Value
Amphastar Pharmaceuticals Inc.a,b		662,095	$	11,825,017
ANI Pharmaceuticals Inc.a,b		168,429		7,882,477
Aralez Pharmaceuticals Inc.a,b		987,218		1,332,744
Aratana Therapeutics Inc.a,b		613,195		4,433,400
Avadel Pharmaceuticals PLC ADRa		524,438		5,784,551
Cempra Inc.a,b		760,031		3,496,143
Clearside Biomedical Inc.a,b		365,231		3,327,254
Collegium Pharmaceutical Inc.a,b		429,441		5,372,307
Depomed Inc.a,b		902,426		9,692,055
Dermira Inc.a,b		601,059		17,514,859
Endo International PLCa		3,229,683		36,075,559
Foamix Pharmaceuticals Ltd.a,b		535,403		2,484,270
GW Pharmaceuticals PLC ADRa,b		338,988		33,983,547
Horizon Pharma PLCa,b		2,355,348		27,957,981
Impax Laboratories Inc.a,b		1,066,865		17,176,527
Innoviva Inc.a		1,582,990		20,262,272
Intra-Cellular Therapies Inc.a,b		628,514		7,806,144
Jazz Pharmaceuticals PLCa,b		868,975		135,125,612
Medicines Co. (The)a,b		1,044,666		39,707,755
Mylan NVa		7,758,631		301,190,055
Nektar Therapeuticsa,b		2,245,887		43,907,091
Omeros Corp.a,b		638,421		12,707,770
Pacira Pharmaceuticals Inc./DEa,b		580,371		27,683,697
Paratek Pharmaceuticals Inc.a,b		398,369		9,600,693
Revance Therapeutics Inc.a,b		435,644		11,501,002
Sucampo Pharmaceuticals Inc. Class Aa,b		672,614		7,062,447
Supernus Pharmaceuticals Inc.a,b		727,892		31,372,145
Teligent Inc.a,b		770,496		7,050,038
Theravance Biopharma Inc.a,b		772,225		30,765,444
Zogenix Inc.a,b		359,184		5,208,168
				966,408,680
TOTAL COMMON STOCKS
(Cost: $10,826,716,424)				9,546,520,502

Security	Shares		Value
SHORT-TERM INVESTMENTS — 15.68%
MONEY MARKET FUNDS — 15.68%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		1,492,459,139	$	1,492,906,877
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		5,113,346		5,113,346
				1,498,020,223
TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,497,759,365)				1,498,020,223
TOTAL INVESTMENTS IN SECURITIES — 115.65%
(Cost: $12,324,475,789)f				11,044,540,725
Other Assets, Less Liabilities — (15.65)%				(1,494,966,114	)
NET ASSETS — 100.00%			$	9,549,574,611

ADR  —  American Depositary Receipts

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $12,511,869,852. Net unrealized depreciation was $1,467,329,127, of which $354,208,522 represented gross unrealized appreciation on securities and $1,821,537,649 represented gross unrealized depreciation on securities.

299

Schedule of Investments (Unaudited) (Continued)

iSHARES^® NASDAQ BIOTECHNOLOGY ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	9,546,520,502	$	—	$	—	$	9,546,520,502
Money market funds		1,498,020,223		—		—		1,498,020,223
Total	$	11,044,540,725	$	—	$	—	$	11,044,540,725

300

Schedule of Investments (Unaudited)

iSHARES^® NORTH AMERICAN NATURAL RESOURCES ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.89%
CONSTRUCTION MATERIALS — 2.36%
Eagle Materials Inc.a		27,374	$	2,529,905
Martin Marietta Materials Inc.		35,364		7,871,319
Summit Materials Inc. Class Ab		59,973		1,731,421
Vulcan Materials Co.		74,621		9,452,988
				21,585,633
CONTAINERS & PACKAGING — 7.51%
AptarGroup Inc.		35,250		3,061,815
Avery Dennison Corp.		49,970		4,415,849
Ball Corp.		197,691		8,344,537
Bemis Co. Inc.		51,856		2,398,340
Berry Global Group Inc.b		73,121		4,168,628
Crown Holdings Inc.b		76,790		4,581,291
Graphic Packaging Holding Co.		175,905		2,423,971
Greif Inc. Class A NVS		14,461		806,635
International Paper Co.		233,139		13,197,999
Owens-Illinois Inc.b		91,739		2,194,397
Packaging Corp. of America		53,192		5,925,057
Sealed Air Corp.		110,498		4,945,890
Silgan Holdings Inc.		42,344		1,345,692
Sonoco Products Co.		56,058		2,882,502
WestRock Co.		141,728		8,030,309
				68,722,912
ENERGY EQUIPMENT & SERVICES — 13.33%
Baker Hughes Inc.		240,190		13,092,757
Core Laboratories NV		24,906		2,522,231
Diamond Offshore Drilling Inc.a,b		36,374		393,930
Dril-Quip Inc.b		21,304		1,039,635
Ensco PLC Class A		170,432		879,429
Forum Energy Technologies Inc.a,b		40,480		631,488
Frank’s International NV		26,581		220,357
Halliburton Co.		489,965		20,926,405
Helmerich & Payne Inc.		61,245		3,328,053
Nabors Industries Ltd.		160,499		1,306,462
National Oilwell Varco Inc.		214,493		7,065,399
Oceaneering International Inc.		55,405		1,265,450
Oil States International Inc.a,b		28,970		786,536

Security	Shares		Value
Patterson-UTI Energy Inc.		93,296	$	1,883,646
Rowan Companies PLC Class Ab		70,862		725,627
RPC Inc.		32,819		663,272
Schlumberger Ltd.		784,560		51,655,430
Superior Energy Services Inc.a,b		85,938		896,333
TechnipFMC PLCb		263,348		7,163,066
Transocean Ltd.b		220,551		1,815,135
U.S. Silica Holdings Inc.		40,952		1,453,387
Weatherford International PLCa,b		556,598		2,154,034
				121,868,062
METALS & MINING — 8.29%
Agnico Eagle Mines Ltd.a		130,425		5,884,776
Alcoa Corp.		83,208		2,716,741
B2Gold Corp.b		548,235		1,540,540
Barrick Gold Corp.a		658,248		10,472,726
Compass Minerals International Inc.		19,084		1,246,185
Eldorado Gold Corp.		401,918		1,061,063
Franco-Nevada Corp.a		100,860		7,278,058
Freeport-McMoRan Inc.b		751,580		9,026,476
Goldcorp Inc.a		483,053		6,236,214
Kinross Gold Corp.b		703,990		2,865,239
New Gold Inc.b		324,688		1,032,508
Newmont Mining Corp.		301,087		9,752,208
Pan American Silver Corp.a		86,191		1,449,733
Royal Gold Inc.		36,893		2,883,926
Tahoe Resources Inc.		175,867		1,515,974
Teck Resources Ltd. Class Ba		263,686		4,569,678
Wheaton Precious Metals Corp.a		249,451		4,961,580
Yamana Gold Inc.a		532,888		1,294,918
				75,788,543
OIL, GAS & CONSUMABLE FUELS — 67.85%
Anadarko Petroleum Corp.		316,392		14,345,213
Antero Resources Corp.b		81,611		1,763,614
Apache Corp.		214,710		10,291,050
Cabot Oil & Gas Corp.		262,855		6,592,403
Callon Petroleum Co.a,b		113,436		1,203,556
Cameco Corp.		223,482		2,033,686
Canadian Natural Resources Ltd.		610,442		17,605,147

301

Schedule of Investments (Unaudited) (Continued)

iSHARES^® NORTH AMERICAN NATURAL RESOURCES ETF

June 30, 2017

Security	Shares		Value
Carrizo Oil & Gas Inc.a,b		43,197	$	752,492
Cenovus Energy Inc.		575,834		4,243,897
Centennial Resource Development Inc./DE Class Ab		67,558		1,068,768
Cheniere Energy Inc.a,b		134,256		6,539,610
Chesapeake Energy Corp.a,b		430,697		2,140,564
Chevron Corp.		652,162		68,040,061
Cimarex Energy Co.		53,670		5,045,517
Concho Resources Inc.b		83,659		10,167,078
ConocoPhillips		698,455		30,704,082
CONSOL Energy Inc.b		99,456		1,485,873
Continental Resources Inc./OKa,b		48,580		1,570,591
Crescent Point Energy Corp.		307,528		2,352,589
CVR Energy Inc.a		8,576		186,614
Devon Energy Corp.		296,735		9,486,618
Diamondback Energy Inc.a,b		55,371		4,917,498
Enbridge Inc. New		925,255		36,834,402
Encana Corp.a		549,469		4,835,327
Energen Corp.b		54,746		2,702,810
EOG Resources Inc.		325,951		29,505,085
EQT Corp.		97,810		5,730,688
Extraction Oil & Gas Inc.b		22,828		307,037
Exxon Mobil Corp.		841,291		67,917,422
Gulfport Energy Corp.b		89,372		1,318,237
Hess Corp.		152,583		6,693,816
HollyFrontier Corp.		100,142		2,750,901
Kinder Morgan Inc./DE		1,084,061		20,770,609
Kosmos Energy Ltd.a,b		128,055		820,833
Laredo Petroleum Inc.a,b		79,410		835,393
Marathon Oil Corp.		479,943		5,687,325
Marathon Petroleum Corp.		292,902		15,327,562
Matador Resources Co.a,b		52,536		1,122,694
Murphy Oil Corp.		91,581		2,347,221
Newfield Exploration Co.a,b		112,474		3,201,010
Noble Energy Inc.		257,019		7,273,638
Oasis Petroleum Inc.a,b		133,943		1,078,241
Occidental Petroleum Corp.		431,666		25,843,843
ONEOK Inc.		214,451		11,185,764
Parsley Energy Inc. Class Aa,b		128,043		3,553,193
PBF Energy Inc. Class A		61,588		1,370,949
PDC Energy Inc.a,b		31,422		1,354,602
Pembina Pipeline Corp.		226,442		7,499,759

Security	Shares		Value
Phillips 66		247,700	$	20,482,313
Pioneer Natural Resources Co.a		96,023		15,323,350
QEP Resources Inc.b		135,570		1,369,257
Range Resources Corp.a		106,248		2,461,766
Rice Energy Inc.b		102,701		2,734,928
RSP Permian Inc.b		61,784		1,993,770
SemGroup Corp. Class A		29,782		804,114
SM Energy Co.a		55,174		912,026
Southwestern Energy Co.a,b		285,117		1,733,511
Suncor Energy Inc.		942,608		27,524,154
Targa Resources Corp.		121,667		5,499,348
Tesoro Corp.		85,302		7,984,267
TransCanada Corp.		491,685		23,438,624
Valero Energy Corp.		252,526		17,035,404
Vermilion Energy Inc.		68,027		2,158,497
Whiting Petroleum Corp.a,b		156,757		863,731
Williams Companies Inc. (The)		466,450		14,124,106
World Fuel Services Corp.		38,862		1,494,244
WPX Energy Inc.b		224,504		2,168,709
				620,511,001
PAPER & FOREST PRODUCTS — 0.55%
Domtar Corp.		35,128		1,349,618
KapStone Paper and Packaging Corp.		49,315		1,017,369
Louisiana-Pacific Corp.b		81,609		1,967,593
Norbord Inc.		22,759		708,715
				5,043,295
TOTAL COMMON STOCKS
(Cost: $1,249,385,135)				913,519,446
SHORT-TERM INVESTMENTS — 5.86%
MONEY MARKET FUNDS — 5.86%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		53,308,889		53,324,881

302

Schedule of Investments (Unaudited) (Continued)

iSHARES^® NORTH AMERICAN NATURAL RESOURCES ETF

June 30, 2017

Security	Shares		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		298,229	$	298,229
				53,623,110
TOTAL SHORT-TERM INVESTMENTS
(Cost: $53,619,553)				53,623,110
TOTAL INVESTMENTS IN SECURITIES — 105.75%
(Cost: $1,303,004,688)f				967,142,556
Other Assets, Less Liabilities — (5.75)%				(52,572,600	)
NET ASSETS — 100.00%			$	914,569,956

NVS  —  Non-Voting Shares

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $1,339,272,026. Net unrealized depreciation was $372,129,470, of which $30,153,071 represented gross unrealized appreciation on securities and $402,282,541 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	913,519,446	$	—	$	—	$	913,519,446
Money market funds		53,623,110		—		—		53,623,110
Total	$	967,142,556	$	—	$	—	$	967,142,556

303

Schedule of Investments (Unaudited)

iSHARES^® NORTH AMERICAN TECH ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.95%
COMMUNICATIONS EQUIPMENT — 4.99%
Acacia Communications Inc.a,b		3,121	$	129,428
ADTRAN Inc.		10,263		211,931
Arista Networks Inc.a,b		9,227		1,382,112
ARRIS International PLCa		40,809		1,143,468
Brocade Communications Systems Inc.		89,052		1,122,946
Ciena Corp.a		30,788		770,316
Cisco Systems Inc.		1,084,228		33,936,336
CommScope Holding Co. Inc.a		41,930		1,594,598
EchoStar Corp. Class Aa,b		10,382		630,187
F5 Networks Inc.a		14,052		1,785,447
Finisar Corp.a		24,308		631,522
Harris Corp.		26,477		2,888,111
Infinera Corp.a,b		31,523		336,351
InterDigital Inc./PA		7,548		583,460
Juniper Networks Inc.		82,982		2,313,538
Lumentum Holdings Inc.a		12,143		692,758
Motorola Solutions Inc.		35,502		3,079,444
NETGEAR Inc.a		7,031		303,036
NetScout Systems Inc.a		19,799		681,086
Oclaro Inc.a,b		27,956		261,109
Palo Alto Networks Inc.a		19,988		2,674,594
Plantronics Inc.		7,262		379,875
Ubiquiti Networks Inc.a,b		5,450		283,237
ViaSat Inc.a,b		11,540		763,948
Viavi Solutions Inc.a		49,232		518,413
				59,097,251
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.78%
Amphenol Corp. Class A		66,209		4,887,548
Anixter International Inc.a		6,190		484,058
Arrow Electronics Inc.a		19,294		1,513,035
Avnet Inc.		27,145		1,055,398
AVX Corp.		9,534		155,786
Belden Inc.		9,209		694,635
Benchmark Electronics Inc.a		10,821		349,518
CDW Corp./DE		34,116		2,133,274
Celestica Inc.a		27,068		367,583
Cognex Corp.		18,817		1,597,563
Coherent Inc.a,b		5,348		1,203,247
Corning Inc.		199,447		5,993,382

Security	Shares		Value
Dolby Laboratories Inc. Class A		12,656	$	619,638
Fabrineta		8,129		346,783
Fitbit Inc. Class Aa,b		32,323		171,635
FLIR Systems Inc.		29,701		1,029,437
II-VI Inc.a		11,876		407,347
Insight Enterprises Inc.a		7,764		310,482
IPG Photonics Corp.a,b		8,161		1,184,161
Itron Inc.a		7,352		498,098
Jabil Inc.		39,328		1,147,984
Keysight Technologies Inc.a		40,112		1,561,560
Knowles Corp.a,b		19,602		331,666
Littelfuse Inc.		4,930		813,450
Methode Electronics Inc.		7,849		323,379
National Instruments Corp.		23,094		928,841
OSI Systems Inc.a		3,773		283,541
Plexus Corp.a		7,219		379,503
Rogers Corp.a		3,937		427,637
Sanmina Corp.a		16,404		624,992
SYNNEX Corp.		6,354		762,226
TE Connectivity Ltd.		76,949		6,054,347
Tech Data Corp.a		7,478		755,278
Trimble Inc.a		54,923		1,959,103
TTM Technologies Inc.a		18,560		322,202
Universal Display Corp.b		9,703		1,060,053
VeriFone Systems Inc.a,b		23,985		434,129
Vishay Intertechnology Inc.		28,764		477,482
Zebra Technologies Corp. Class Aa		11,460		1,151,959
				44,801,940
INTERNET & DIRECT MARKETING RETAIL — 10.79%
Amazon.com Inc.a		86,025		83,272,200
Etsy Inc.a		21,212		318,180
Expedia Inc.		26,322		3,920,662
Groupon Inc.a,b		84,369		323,977
HSN Inc.		6,747		215,229
Liberty Expedia Holdings Inc. Class Aa		11,699		631,980
Liberty Interactive Corp. QVC Group Series Aa,b		86,832		2,130,857
Liberty TripAdvisor Holdings Inc. Class Aa		15,908		184,533
Liberty Ventures Series Aa		17,666		923,755

304

Schedule of Investments (Unaudited) (Continued)

iSHARES^® NORTH AMERICAN TECH ETF

June 30, 2017

Security	Shares		Value
Netflix Inc.a		93,460	$	13,963,859
NutriSystem Inc.		6,494		338,013
Priceline Group Inc. (The)a		10,662		19,943,484
Shutterfly Inc.a		7,263		344,992
TripAdvisor Inc.a		23,885		912,407
Wayfair Inc. Class Aa		6,851		526,705
				127,950,833
INTERNET SOFTWARE & SERVICES — 17.11%
2U Inc.a		9,087		426,362
Akamai Technologies Inc.a		37,544		1,870,067
Alarm.com Holdings Inc.a,b		2,817		106,004
Alphabet Inc. Class Aa		52,807		49,093,612
Alphabet Inc. Class Ca		52,942		48,109,984
Bankrate Inc.a		9,635		123,810
Box Inc. Class Aa		15,578		284,143
Cars.com Inc.a		15,544		413,937
Cornerstone OnDemand Inc.a		10,904		389,818
CoStar Group Inc.a		7,113		1,874,987
Coupa Software Inc.a		6,619		191,819
eBay Inc.a		218,261		7,621,674
Endurance International Group Holdings Inc.a		13,470		112,474
Envestnet Inc.a		9,605		380,358
Facebook Inc. Class Aa		512,561		77,386,460
GoDaddy Inc. Class Aa,b		10,585		449,016
Gogo Inc.a,b		11,710		135,016
GrubHub Inc.a,b		18,728		816,541
IAC/InterActiveCorpa		15,784		1,629,540
j2 Global Inc.		10,471		890,977
LogMeIn Inc.		11,441		1,195,584
New Relic Inc.a		7,007		301,371
NIC Inc.		13,729		260,164
Pandora Media Inc.a,b		52,201		465,633
Q2 Holdings Inc.a		5,959		220,185
Shutterstock Inc.a		3,993		176,011
Stamps.com Inc.a,b		3,435		531,996
TrueCar Inc.a		15,130		301,541
Twilio Inc. Class Aa,b		5,496		159,988
Twitter Inc.a,b		133,325		2,382,518
VeriSign Inc.a,b		19,099		1,775,443
Web.com Group Inc.a,b		11,173		282,677
WebMD Health Corp.a		8,176		479,522
Yelp Inc.a,b		13,476		404,549

Security	Shares		Value
Zillow Group Inc. Class Aa		10,108	$	493,675
Zillow Group Inc. Class Ca,b		23,325		1,143,158
				202,880,614
IT SERVICES — 17.05%
Accenture PLC Class A		134,461		16,630,137
Acxiom Corp.a		16,902		439,114
Alliance Data Systems Corp.		12,091		3,103,639
Automatic Data Processing Inc.		97,017		9,940,362
Black Knight Financial Services Inc. Class Aa,b		5,931		242,874
Blackhawk Network Holdings Inc.a,b		12,233		533,359
Booz Allen Hamilton Holding Corp.		32,169		1,046,779
Broadridge Financial Solutions Inc.		25,558		1,931,162
CACI International Inc. Class Aa		5,249		656,387
Cardtronics PLC Class Aa		9,846		323,540
CGI Group Inc. Class Aa		57,191		2,920,744
Cognizant Technology Solutions Corp. Class A		127,720		8,480,608
Conduent Inc.a		38,186		608,685
Convergys Corp.		20,306		482,877
CoreLogic Inc./U.S.a		18,382		797,411
CSG Systems International Inc.		7,418		301,022
CSRA Inc.		31,581		1,002,697
DST Systems Inc.		13,360		824,312
DXC Technology Co.		61,341		4,706,082
EPAM Systems Inc.a		9,908		833,164
Euronet Worldwide Inc.a		11,387		994,882
EVERTEC Inc.		13,448		232,650
ExlService Holdings Inc.a		7,337		407,790
Fidelity National Information Services Inc.		71,651		6,118,995
First Data Corp. Class Aa		43,149		785,312
Fiserv Inc.a		46,052		5,634,002
FleetCor Technologies Inc.a		20,036		2,889,392
Gartner Inc.a		19,640		2,425,736
Genpact Ltd.		28,464		792,153
Global Payments Inc.		33,116		2,991,037

305

Schedule of Investments (Unaudited) (Continued)

iSHARES^® NORTH AMERICAN TECH ETF

June 30, 2017

Security	Shares		Value
International Business Machines Corp.		185,389	$	28,518,390
Jack Henry & Associates Inc.		16,864		1,751,664
Leidos Holdings Inc.		31,161		1,610,712
ManTech International Corp./VA Class A		5,652		233,880
MasterCard Inc. Class A		203,397		24,702,566
MAXIMUS Inc.		14,092		882,582
NeuStar Inc. Class Aa,b		10,366		345,706
Paychex Inc.		69,232		3,942,070
PayPal Holdings Inc.a		242,251		13,001,611
Sabre Corp.		44,692		972,945
Science Applications International Corp.		9,544		662,544
Sykes Enterprises Inc.a		8,496		284,871
Syntel Inc.		5,813		98,588
TeleTech Holdings Inc.		3,309		135,007
Teradata Corp.a,b		28,501		840,495
Total System Services Inc.		35,971		2,095,311
Travelport Worldwide Ltd.		26,952		370,860
Vantiv Inc. Class Aa		35,189		2,228,871
Visa Inc. Class A		400,347		37,544,542
Western Union Co. (The)		102,346		1,949,691
WEX Inc.a		8,384		874,200
				202,124,010
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 14.77%
Advanced Energy Industries Inc.a		8,611		557,046
Advanced Micro Devices Inc.a,b		168,293		2,100,297
Amkor Technology Inc.a		27,320		266,916
Analog Devices Inc.		79,556		6,189,457
Applied Materials Inc.		233,026		9,626,304
Broadcom Ltd.		87,032		20,282,808
Brooks Automation Inc.		15,125		328,061
Cabot Microelectronics Corp.		5,546		409,461
Cavium Inc.a		14,742		915,920
Cirrus Logic Inc.a		13,989		877,390
Cree Inc.a,b		21,252		523,862
Cypress Semiconductor Corp.		71,547		976,617
Diodes Inc.a		8,231		197,791
Entegris Inc.a		30,561		670,814

Security	Shares		Value
First Solar Inc.a		16,889	$	673,533
Inphi Corp.a,b		8,336		285,925
Integrated Device Technology Inc.a		28,761		741,746
Intel Corp.		1,021,115		34,452,420
KLA-Tencor Corp.		34,045		3,115,458
Kulicke & Soffa Industries Inc.a		15,417		293,231
Lam Research Corp.		34,953		4,943,403
MACOM Technology Solutions Holdings Inc.a,b		7,625		425,246
Marvell Technology Group Ltd.		94,908		1,567,880
Maxim Integrated Products Inc.		61,362		2,755,154
MaxLinear Inc.a		11,373		317,193
Microchip Technology Inc.		49,670		3,833,531
Micron Technology Inc.a,b		225,463		6,732,325
Microsemi Corp.a		25,079		1,173,697
MKS Instruments Inc.		11,751		790,842
Monolithic Power Systems Inc.		8,253		795,589
NVIDIA Corp.		129,021		18,651,276
ON Semiconductor Corp.a		91,375		1,282,905
Power Integrations Inc.		6,341		462,259
Qorvo Inc.a		27,603		1,747,822
QUALCOMM Inc.		320,373		17,690,997
Rambus Inc.a		24,078		275,212
Semtech Corp.a		14,291		510,903
Silicon Laboratories Inc.a		9,197		628,615
Skyworks Solutions Inc.		39,956		3,833,778
SunPower Corp.a,b		12,889		120,383
Synaptics Inc.a,b		7,329		378,983
Teradyne Inc.		43,127		1,295,104
Texas Instruments Inc.		216,047		16,620,496
Veeco Instruments Inc.a		10,419		290,169
Versum Materials Inc.		23,407		760,727
Xilinx Inc.		53,690		3,453,341
Xperi Corp.		10,522		313,556
				175,136,443
SOFTWARE — 20.86%
ACI Worldwide Inc.a		25,353		567,147
Activision Blizzard Inc.		150,352		8,655,765

306

Schedule of Investments (Unaudited) (Continued)

iSHARES^® NORTH AMERICAN TECH ETF

June 30, 2017

Security	Shares		Value
Adobe Systems Inc.a		107,272	$	15,172,552
ANSYS Inc.a		18,568		2,259,354
Aspen Technology Inc.a		16,148		892,339
Autodesk Inc.a		42,036		4,238,070
Barracuda Networks Inc.a,b		5,891		135,846
Blackbaud Inc.b		10,432		894,544
CA Inc.		68,054		2,345,821
Cadence Design Systems Inc.a		60,723		2,033,613
Callidus Software Inc.a		14,088		340,930
CDK Global Inc.		31,533		1,956,938
Citrix Systems Inc.a		32,826		2,612,293
CommVault Systems Inc.a		8,948		505,115
Dell Technologies Inc. Class Va		29,322		1,791,867
Ebix Inc.b		4,710		253,869
Electronic Arts Inc.a		67,220		7,106,498
Ellie Mae Inc.a		7,399		813,224
Fair Isaac Corp.		6,663		928,889
FireEye Inc.a,b		34,477		524,395
Fortinet Inc.a		32,445		1,214,741
Gigamon Inc.a		6,805		267,777
Guidewire Software Inc.a		16,060		1,103,483
HubSpot Inc.a,b		6,860		451,045
Imperva Inc.a		6,460		309,111
Intuit Inc.		52,775		7,009,048
Manhattan Associates Inc.a		15,024		722,053
Microsoft Corp.		1,460,697		100,685,844
MicroStrategy Inc. Class Aa		2,005		384,298
Nuance Communications Inc.a		55,667		969,162
Open Text Corp.		57,318		1,807,810
Oracle Corp.		651,335		32,657,937
Paycom Software Inc.a,b		8,622		589,831
Paylocity Holding Corp.a		5,327		240,674
Pegasystems Inc.		7,921		462,190
Progress Software Corp.		10,354		319,835
Proofpoint Inc.a,b		9,495		824,451
PTC Inc.a		25,089		1,382,906
Qualys Inc.a		6,514		265,771
RealPage Inc.a		11,852		426,079
Red Hat Inc.a		38,484		3,684,843
RingCentral Inc. Class Aa		13,530		494,522
salesforce.com Inc.a		144,994		12,556,480
ServiceNow Inc.a		36,781		3,898,786

Security	Shares		Value
Splunk Inc.a		30,044	$	1,709,203
SS&C Technologies Holdings Inc.		37,199		1,428,814
Symantec Corp.		131,667		3,719,593
Synopsys Inc.a		32,644		2,380,727
Tableau Software Inc. Class Aa		13,020		797,735
Take-Two Interactive Software Inc.a		22,551		1,654,792
TiVo Corp.		26,325		490,961
Tyler Technologies Inc.a,b		7,328		1,287,310
Ultimate Software Group Inc. (The)a		6,454		1,355,727
Verint Systems Inc.a		13,491		549,084
VMware Inc. Class Aa,b		15,179		1,327,100
Workday Inc. Class Aa		28,472		2,761,784
Zendesk Inc.a,b		16,764		465,704
Zynga Inc. Class Aa		165,641		602,933
				247,289,213
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 10.60%
3D Systems Corp.a,b		23,186		433,578
Apple Inc.		678,089		97,658,378
BlackBerry Ltd.a,b		105,030		1,049,250
Cray Inc.a		8,469		155,830
Diebold Nixdorf Inc.		16,131		451,668
Electronics For Imaging Inc.a,b		10,153		481,049
Hewlett Packard Enterprise Co.		360,837		5,986,286
HP Inc.		364,896		6,378,382
NCR Corp.a		26,322		1,074,990
NetApp Inc.		58,844		2,356,702
Seagate Technology PLC		64,502		2,499,453
Super Micro Computer Inc.a		8,354		205,926
Western Digital Corp.		63,120		5,592,432
Xerox Corp.		46,352		1,331,693
				125,655,617
TOTAL COMMON STOCKS
(Cost: $900,287,604)				1,184,935,921

307

Schedule of Investments (Unaudited) (Continued)

iSHARES^® NORTH AMERICAN TECH ETF

June 30, 2017

Security	Shares		Value
SHORT-TERM INVESTMENTS — 2.04%
MONEY MARKET FUNDS — 2.04%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		23,353,331	$	23,360,337
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		777,305		777,305
				24,137,642
TOTAL SHORT-TERM INVESTMENTS
(Cost: $24,133,674)				24,137,642
TOTAL INVESTMENTS IN SECURITIES — 101.99%
(Cost: $924,421,278)f				1,209,073,563
Other Assets, Less Liabilities — (1.99)%				(23,535,859	)
NET ASSETS — 100.00%			$	1,185,537,704

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $930,173,649. Net unrealized appreciation was $278,899,914, of which $307,625,300 represented gross unrealized appreciation on securities and $28,725,386 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	1,184,935,921	$	—	$	—	$	1,184,935,921
Money market funds		24,137,642		—		—		24,137,642
Total	$	1,209,073,563	$	—	$	—	$	1,209,073,563

308

Schedule of Investments (Unaudited)

iSHARES^® NORTH AMERICAN TECH-MULTIMEDIA NETWORKING ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.91%
COMMUNICATIONS EQUIPMENT — 99.91%
ADTRAN Inc.		38,382	$	792,588
Arista Networks Inc.a,b		22,414		3,357,393
ARRIS International PLCa,b		121,093		3,393,026
Brocade Communications Systems Inc.		279,320		3,522,225
Ciena Corp.a		112,600		2,817,252
Cisco Systems Inc.		210,641		6,593,063
CommScope Holding Co. Inc.a		92,788		3,528,728
EchoStar Corp. Class Aa,b		37,969		2,304,718
F5 Networks Inc.a		26,944		3,423,505
Finisar Corp.a		88,471		2,298,477
Harris Corp.		59,872		6,530,838
Infinera Corp.a,b		116,393		1,241,913
InterDigital Inc./PA		27,546		2,129,306
Juniper Networks Inc.		225,784		6,294,858
Lumentum Holdings Inc.a,b		44,198		2,521,496
Motorola Solutions Inc.		76,842		6,665,275
NETGEAR Inc.a,b		25,777		1,110,989
NetScout Systems Inc.a,b		72,850		2,506,040
Oclaro Inc.a,b		100,979		943,144
Palo Alto Networks Inc.a,b		47,826		6,399,597
Plantronics Inc.		26,558		1,389,249
Ubiquiti Networks Inc.a,b		19,764		1,027,135
ViaSat Inc.a,b		42,081		2,785,762
Viavi Solutions Inc.a		180,278		1,898,327
				75,474,904
TOTAL COMMON STOCKS
(Cost: $77,872,015)				75,474,904

Security	Shares		Value
SHORT-TERM INVESTMENTS — 22.53%
MONEY MARKET FUNDS — 22.53%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		16,980,777	$	16,985,871
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		37,655		37,655
				17,023,526
TOTAL SHORT-TERM INVESTMENTS
(Cost: $17,023,700)				17,023,526
TOTAL INVESTMENTS IN SECURITIES — 122.44%
(Cost: $94,895,715)f				92,498,430
Other Assets, Less Liabilities — (22.44)%				(16,954,116	)
NET ASSETS — 100.00%			$	75,544,314

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $95,256,074. Net unrealized depreciation was $2,757,644, of which $2,238,233 represented gross unrealized appreciation on securities and $4,995,877 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	75,474,904	$	—	$	—	$	75,474,904
Money market funds		17,023,526		—		—		17,023,526
Total	$	92,498,430	$	—	$	—	$	92,498,430

309

Schedule of Investments (Unaudited)

iSHARES^® NORTH AMERICAN TECH-SOFTWARE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.99%
APPLICATION SOFTWARE — 52.54%
ACI Worldwide Inc.a,b		212,221	$	4,747,384
Adobe Systems Inc.a,b		628,843		88,943,554
ANSYS Inc.a,b		153,625		18,693,090
Aspen Technology Inc.a,b		133,932		7,401,082
Autodesk Inc.a		348,540		35,139,803
Blackbaud Inc.b		86,363		7,405,627
Cadence Design Systems Inc.a		502,463		16,827,486
Callidus Software Inc.a,b		116,628		2,822,398
CDK Global Inc.		260,867		16,189,406
Citrix Systems Inc.a		271,611		21,614,803
Ebix Inc.b		39,077		2,106,250
Ellie Mae Inc.a,b		61,250		6,731,988
Fair Isaac Corp.		55,670		7,760,955
Guidewire Software Inc.a,b		132,947		9,134,788
HubSpot Inc.a,b		56,521		3,716,256
Intuit Inc.		332,730		44,189,871
Manhattan Associates Inc.a,b		124,849		6,000,243
MicroStrategy Inc. Class Aa		16,913		3,241,715
Nuance Communications Inc.a,b		460,271		8,013,318
Open Text Corp.		474,254		14,957,971
Paycom Software Inc.a,b		71,583		4,896,993
Paylocity Holding Corp.a,b		43,431		1,962,213
Pegasystems Inc.b		65,184		3,803,486
PTC Inc.a		207,506		11,437,731
RealPage Inc.a		98,109		3,527,019
RingCentral Inc. Class Aa,b		112,006		4,093,819
salesforce.com Inc.a		982,924		85,121,218
Splunk Inc.a,b		248,528		14,138,758
SS&C Technologies Holdings Inc.		307,671		11,817,643
Synopsys Inc.a		270,094		19,697,956
Tyler Technologies Inc.a,b		60,669		10,657,723
Ultimate Software Group Inc. (The)a,b		53,376		11,212,163
Verint Systems Inc.a,b		112,689		4,586,442
Workday Inc. Class Aa,b		235,597		22,852,909
Zendesk Inc.a,b		138,776		3,855,197
				539,299,258

Security	Shares		Value
HOME ENTERTAINMENT SOFTWARE — 12.76%
Activision Blizzard Inc.		1,186,893	$	68,329,430
Electronic Arts Inc.a		415,468		43,923,277
Take-Two Interactive Software Inc.a,b		186,536		13,688,011
Zynga Inc. Class Aa,b		1,383,337		5,035,347
				130,976,065
SYSTEMS SOFTWARE — 34.69%
Barracuda Networks Inc.a,b		51,097		1,178,297
CA Inc.		563,071		19,409,057
CommVault Systems Inc.a		75,151		4,242,274
FireEye Inc.a,b		285,404		4,340,995
Fortinet Inc.a		268,499		10,052,603
Gigamon Inc.a,b		56,157		2,209,778
Imperva Inc.a,b		52,834		2,528,107
Microsoft Corp.		1,246,585		85,927,104
Oracle Corp.		1,974,722		99,012,561
Progress Software Corp.		86,782		2,680,696
Proofpoint Inc.a,b		78,604		6,825,185
Qualys Inc.a,b		53,930		2,200,344
Red Hat Inc.a		319,484		30,590,593
ServiceNow Inc.a,b		305,293		32,361,058
Symantec Corp.		1,093,074		30,879,340
Tableau Software Inc. Class Aa,b		107,781		6,603,742
TiVo Corp.		217,809		4,062,138
VMware Inc. Class Aa,b		125,589		10,980,246
				356,084,118
TOTAL COMMON STOCKS
(Cost: $1,011,519,957)				1,026,359,441
SHORT-TERM INVESTMENTS — 8.48%
MONEY MARKET FUNDS — 8.48%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		86,975,914		87,002,007
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		98,021		98,021
				87,100,028
TOTAL SHORT-TERM INVESTMENTS
(Cost: $87,099,334)				87,100,028

310

Schedule of Investments (Unaudited) (Continued)

iSHARES^® NORTH AMERICAN TECH-SOFTWARE ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 108.47%
(Cost: $1,098,619,291)f	$	1,113,459,469
Other Assets, Less Liabilities — (8.47)%		(86,964,111	)
NET ASSETS — 100.00%	$	1,026,495,358

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $1,099,935,356. Net unrealized appreciation was $13,524,113, of which $35,731,418 represented gross unrealized appreciation on securities and $22,207,305 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	1,026,359,441	$	—	$	—	$	1,026,359,441
Money market funds		87,100,028		—		—		87,100,028
Total	$	1,113,459,469	$	—	$	—	$	1,113,459,469

311

Schedule of Investments (Unaudited)

iSHARES^® PHLX SEMICONDUCTOR ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.82%
COMMUNICATIONS EQUIPMENT — 0.76%
InterDigital Inc./PA		97,305	$	7,521,676
				7,521,676
SEMICONDUCTOR EQUIPMENT — 13.01%
Applied Materials Inc.		908,302		37,521,956
ASML Holding NV NYSa,b		200,847		26,172,373
Lam Research Corp.		268,559		37,982,299
MKS Instruments Inc.		151,801		10,216,207
Teradyne Inc.		558,169		16,761,815
				128,654,650
SEMICONDUCTORS — 86.05%
Advanced Micro Devices Inc.b,c		2,651,319		33,088,461
Analog Devices Inc.		485,928		37,805,198
Broadcom Ltd.		348,036		81,109,790
Cavium Inc.b,c		190,444		11,832,286
Cirrus Logic Inc.b,c		178,802		11,214,461
Cree Inc.b,c		272,948		6,728,168
Cypress Semiconductor Corp.		924,267		12,616,245
Integrated Device Technology Inc.b,c		373,119		9,622,739
Intel Corp.		2,308,157		77,877,217
Marvell Technology Group Ltd.		1,407,484		23,251,636
Maxim Integrated Products Inc.		792,704		35,592,410
Microchip Technology Inc.		500,280		38,611,610
Micron Technology Inc.c		1,354,334		40,440,413
Microsemi Corp.c		323,976		15,162,077
Monolithic Power Systems Inc.		115,774		11,160,614
NVIDIA Corp.		577,392		83,467,788
ON Semiconductor Corp.b,c		1,180,424		16,573,153
Qorvo Inc.b,c		356,582		22,578,772
QUALCOMM Inc.		1,455,338		80,363,764
Silicon Motion Technology Corp. ADR		100,038		4,824,833
Skyworks Solutions Inc.		391,556		37,569,798
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		1,178,550		41,202,108
Texas Instruments Inc.		1,010,389		77,729,226
Xilinx Inc.		624,698		40,180,575
				850,603,342
TOTAL COMMON STOCKS
(Cost: $991,182,818)				986,779,668

Security	Shares		Value
SHORT-TERM INVESTMENTS — 8.07%
MONEY MARKET FUNDS — 8.07%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		78,869,779	$	78,893,440
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		855,685		855,685
				79,749,125
TOTAL SHORT-TERM INVESTMENTS
(Cost: $79,755,093)				79,749,125
TOTAL INVESTMENTS IN SECURITIES — 107.89%
(Cost: $1,070,937,911)g				1,066,528,793
Other Assets, Less Liabilities — (7.89)%				(78,000,053	)
NET ASSETS — 100.00%			$	988,528,740

ADR  —  American Depositary Receipts

NYS  —  New York Registered Shares

^a  This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^b  All or a portion of this security represents a security on loan.

^c  Non-income earning security.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $1,072,191,259. Net unrealized depreciation was $5,662,466, of which $36,287,008 represented gross unrealized appreciation on securities and $41,949,474 represented gross unrealized depreciation on securities.

312

Schedule of Investments (Unaudited) (Continued)

iSHARES^® PHLX SEMICONDUCTOR ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	986,779,668	$	—	$	—	$	986,779,668
Money market funds		79,749,125		—		—		79,749,125
Total	$	1,066,528,793	$	—	$	—	$	1,066,528,793

313

Schedule of Investments (Unaudited)

iSHARES^® RESIDENTIAL REAL ESTATE CAPPED ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.66%
HEALTH CARE REITS — 35.99%
Care Capital Properties Inc.		131,628	$	3,514,468
CareTrust REIT Inc.a		115,722		2,145,486
Community Healthcare Trust Inc.a		20,843		533,372
Global Medical REIT Inc.a		26,076		233,119
HCP Inc.		605,900		19,364,564
Healthcare Realty Trust Inc.a		182,581		6,235,141
Healthcare Trust of America Inc. Class Aa		300,882		9,360,439
LTC Properties Inc.a		63,021		3,238,649
MedEquities Realty Trust Inc.		47,533		599,866
Medical Properties Trust Inc.a		575,404		7,405,450
National Health Investors Inc.a		63,452		5,025,398
New Senior Investment Group Inc.a		130,044		1,306,942
Omega Healthcare Investors Inc.a		309,227		10,210,676
Physicians Realty Trust		246,228		4,959,032
Quality Care Properties Inc.b		151,604		2,775,869
Sabra Health Care REIT Inc.a		103,378		2,491,410
Senior Housing Properties Trust		327,128		6,686,496
Universal Health Realty Income Trust		20,411		1,623,491
Ventas Inc.		455,624		31,656,756
Welltower Inc.		470,988		35,253,452
				154,620,076
RESIDENTIAL REITS — 47.67%
Altisource Residential Corp.		80,654		1,043,663
American Campus Communities Inc.		212,584		10,055,223
American Homes 4 Rent Class Aa		360,052		8,126,374
Apartment Investment & Management Co. Class A		248,114		10,661,459
AvalonBay Communities Inc.a		176,909		33,996,603
Bluerock Residential Growth REIT Inc.a		38,406		495,053
Camden Property Trust		136,962		11,711,621
Clipper Realty Inc.		25,721		317,397
Colony Starwood Homesa		176,211		6,045,799
Education Realty Trust Inc.		117,462		4,551,652
Equity Lifestyle Properties Inc.		129,261		11,160,395
Equity Residential		458,041		30,152,839
Essex Property Trust Inc.a		83,958		21,599,875
Independence Realty Trust Inc.a		102,511		1,011,784
Invitation Homes Inc.a		141,769		3,066,463
Mid-America Apartment Communities Inc.		180,070		18,975,777

Security	Shares		Value
Monogram Residential Trust Inc.		267,142	$	2,593,949
NexPoint Residential Trust Inc.		28,299		704,362
Preferred Apartment Communities Inc. Class Aa		49,995		787,421
Sun Communities Inc.a		119,667		10,493,599
UDR Inc.		421,668		16,432,402
UMH Properties Inc.		45,649		778,315
				204,762,025
SPECIALIZED REITS — 16.00%
CubeSmarta		286,159		6,879,262
Extra Space Storage Inc.a		193,404		15,085,512
Life Storage Inc.a		73,539		5,449,240
National Storage Affiliates Trust		71,465		1,651,556
Public Storage		190,116		39,644,890
				68,710,460
TOTAL COMMON STOCKS
(Cost: $402,470,218)				428,092,561
SHORT-TERM INVESTMENTS — 10.91%
MONEY MARKET FUNDS — 10.91%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		45,824,526		45,838,273
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		1,037,310		1,037,310
				46,875,583
TOTAL SHORT-TERM INVESTMENTS
(Cost: $46,871,712)				46,875,583
TOTAL INVESTMENTS IN SECURITIES — 110.57%
(Cost: $449,341,930)f				474,968,144
Other Assets, Less Liabilities — (10.57)%				(45,394,048	)
NET ASSETS — 100.00%			$	429,574,096

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $456,342,653. Net unrealized appreciation was $18,625,491, of which $35,230,559 represented gross unrealized appreciation on securities and $16,605,068 represented gross unrealized depreciation on securities.

314

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RESIDENTIAL REAL ESTATE CAPPED ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	428,092,561	$	—	$	—	$	428,092,561
Money market funds		46,875,583		—		—		46,875,583
Total	$	474,968,144	$	—	$	—	$	474,968,144

315

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.74%
AEROSPACE & DEFENSE — 2.22%
Arconic Inc.		310,340	$	7,029,201
Boeing Co. (The)		452,370		89,456,168
BWX Technologies Inc.		72,938		3,555,728
General Dynamics Corp.		206,490		40,905,669
HEICO Corp.		18,997		1,364,744
HEICO Corp. Class A		37,375		2,319,119
Hexcel Corp.		72,409		3,822,471
Huntington Ingalls Industries Inc.		36,676		6,827,604
L3 Technologies Inc.		61,304		10,242,672
Lockheed Martin Corp.		199,236		55,309,906
Northrop Grumman Corp.		128,255		32,924,341
Orbital ATK Inc.		47,528		4,674,854
Raytheon Co.		231,476		37,378,745
Rockwell Collins Inc.		129,380		13,595,250
Spirit AeroSystems Holdings Inc. Class A		96,196		5,573,596
Teledyne Technologies Inc.a		27,654		3,530,033
Textron Inc.		216,180		10,182,078
TransDigm Group Inc.		38,410		10,327,297
United Technologies Corp.		593,574		72,481,321
				411,500,797
AIR FREIGHT & LOGISTICS — 0.68%
CH Robinson Worldwide Inc.		114,773		7,882,609
Expeditors International of Washington Inc.		146,409		8,269,180
FedEx Corp.		196,836		42,778,368
United Parcel Service Inc. Class B		552,371		61,086,709
XPO Logistics Inc.a		87,636		5,663,915
				125,680,781
AIRLINES — 0.60%
Alaska Air Group Inc.		96,311		8,644,875
American Airlines Group Inc.		354,104		17,818,513
Copa Holdings SA Class A		24,345		2,848,365
Delta Air Lines Inc.		537,237		28,871,116
JetBlue Airways Corp.a		253,987		5,798,523
Southwest Airlines Co.		446,355		27,736,500
Spirit Airlines Inc.a		56,247		2,905,158

Security	Shares		Value
United Continental Holdings Inc.a		223,416	$	16,812,054
				111,435,104
AUTO COMPONENTS — 0.29%
Adient PLC		72,413		4,734,362
BorgWarner Inc.		171,486		7,264,147
Delphi Automotive PLC		216,799		19,002,432
Gentex Corp.		223,324		4,236,456
Goodyear Tire & Rubber Co. (The)		199,506		6,974,730
Lear Corp.		54,956		7,808,149
Visteon Corp.a		26,914		2,746,843
				52,767,119
AUTOMOBILES — 0.66%
Ford Motor Co.		3,103,799		34,731,511
General Motors Co.		1,089,652		38,061,544
Harley-Davidson Inc.		145,956		7,884,543
Tesla Inc.a,b		103,299		37,353,952
Thor Industries Inc.		37,639		3,934,028
				121,965,578
BANKS — 6.32%
Associated Banc-Corp.		117,740		2,967,048
Bank of America Corp.		7,923,681		192,228,501
Bank of Hawaii Corp.		33,652		2,792,107
Bank of the Ozarks Inc.		90,612		4,246,985
BankUnited Inc.		77,549		2,614,177
BB&T Corp.		647,262		29,392,168
BOK Financial Corp.		20,015		1,683,862
CIT Group Inc.		156,985		7,645,170
Citigroup Inc.		2,191,664		146,578,488
Citizens Financial Group Inc.		402,762		14,370,548
Comerica Inc.		140,209		10,268,907
Commerce Bancshares Inc./MO		68,216		3,876,715
Cullen/Frost Bankers Inc.		41,869		3,931,918
East West Bancorp. Inc.		113,251		6,634,244
F.N.B. Corp.		254,861		3,608,832
Fifth Third Bancorp.		610,242		15,841,882
First Hawaiian Inc.		42,149		1,290,602
First Horizon National Corp.		179,954		3,134,799
First Republic Bank/CA		123,262		12,338,526
Huntington Bancshares Inc./OH		863,412		11,673,330

316

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
JPMorgan Chase & Co.		2,813,718	$	257,173,825
KeyCorp		856,234		16,045,825
M&T Bank Corp.		114,896		18,607,407
PacWest Bancorp.		93,533		4,367,991
People’s United Financial Inc.		264,442		4,670,046
Pinnacle Financial Partners Inc.		57,634		3,619,415
PNC Financial Services Group Inc. (The)c		384,797		48,049,601
Popular Inc.		80,240		3,346,811
Prosperity Bancshares Inc.		52,637		3,381,401
Regions Financial Corp.		955,170		13,983,689
Signature Bank/New York NYa		42,389		6,084,093
SunTrust Banks Inc.		384,135		21,788,137
SVB Financial Groupa		40,837		7,178,736
Synovus Financial Corp.		98,096		4,339,767
TCF Financial Corp.		122,731		1,956,332
U.S. Bancorp.		1,258,901		65,362,140
Webster Financial Corp.		72,679		3,795,297
Wells Fargo & Co.		3,573,630		198,014,838
Western Alliance Bancorp.a		72,972		3,590,223
Zions BanCorp.		158,575		6,963,028
				1,169,437,411
BEVERAGES — 1.86%
Brown-Forman Corp. Class A		42,958		2,117,829
Brown-Forman Corp. Class B		146,937		7,141,138
Coca-Cola Co. (The)		3,056,890		137,101,517
Constellation Brands Inc. Class A		128,598		24,913,291
Dr Pepper Snapple Group Inc.		148,310		13,512,524
Molson Coors Brewing Co. Class B		136,725		11,804,837
Monster Beverage Corp.a		332,365		16,511,893
PepsiCo Inc.		1,136,468		131,250,689
				344,353,718
BIOTECHNOLOGY — 2.97%
AbbVie Inc.		1,267,026		91,872,055
ACADIA Pharmaceuticals Inc.a,b		75,207		2,097,523
Agios Pharmaceuticals Inc.a,b		27,960		1,438,542
Alexion Pharmaceuticals Inc.a		173,793		21,145,394
Alkermes PLCa		121,438		7,039,761

Security	Shares		Value
Alnylam Pharmaceuticals Inc.a,b		61,008	$	4,865,998
Amgen Inc.		585,172		100,784,174
Biogen Inc.a		168,621		45,756,995
BioMarin Pharmaceutical Inc.a,b		136,445		12,391,935
Bioverativ Inc.a		86,542		5,207,232
Celgene Corp.a		614,092		79,752,128
Exelixis Inc.a		229,272		5,646,969
Gilead Sciences Inc.		1,034,617		73,230,191
Incyte Corp.a		133,798		16,846,506
Intercept Pharmaceuticals Inc.a,b		12,853		1,556,113
Intrexon Corp.a,b		42,627		1,026,884
Ionis Pharmaceuticals Inc.a,b		94,592		4,811,895
Juno Therapeutics Inc.a,b		49,089		1,467,270
Neurocrine Biosciences Inc.a,b		67,226		3,092,396
OPKO Health Inc.a,b		251,474		1,654,699
Regeneron Pharmaceuticals Inc.a		61,883		30,393,217
Seattle Genetics Inc.a,b		75,859		3,924,945
TESARO Inc.a,b		29,448		4,118,597
United Therapeutics Corp.a		34,752		4,508,377
Vertex Pharmaceuticals Inc.a		196,089		25,269,990
				549,899,786
BUILDING PRODUCTS — 0.42%
Allegion PLC		75,697		6,140,541
AO Smith Corp.		114,844		6,469,163
Armstrong World Industries Inc.a,b		36,263		1,668,098
Fortune Brands Home & Security Inc.		123,204		8,037,829
Johnson Controls International PLC		744,351		32,275,060
Lennox International Inc.		32,149		5,903,842
Masco Corp.		253,568		9,688,833
Owens Corning		90,422		6,051,040
USG Corp.a,b		68,115		1,976,697
				78,211,103
CAPITAL MARKETS — 2.88%
Affiliated Managers Group Inc.		44,813		7,432,684
Ameriprise Financial Inc.		121,010		15,403,363

317

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
Bank of New York Mellon Corp. (The)		801,705	$	40,902,989
BGC Partners Inc. Class A		181,482		2,293,932
BlackRock Inc.c		99,249		41,923,770
CBOE Holdings Inc.		87,598		8,006,457
Charles Schwab Corp. (The)		941,945		40,465,957
CME Group Inc.		270,109		33,828,451
E*TRADE Financial Corp.a		225,039		8,558,233
Eaton Vance Corp. NVS		85,725		4,056,507
FactSet Research Systems Inc.		31,566		5,245,638
Federated Investors Inc. Class B NVS		73,655		2,080,754
Franklin Resources Inc.		265,720		11,901,599
Goldman Sachs Group Inc. (The)		291,952		64,784,149
Interactive Brokers Group Inc. Class A		49,402		1,848,623
Intercontinental Exchange Inc.		469,209		30,930,257
Invesco Ltd.		328,928		11,574,976
Lazard Ltd. Class A		103,782		4,808,220
Legg Mason Inc.		68,553		2,615,983
LPL Financial Holdings Inc.		67,208		2,853,652
MarketAxess Holdings Inc.		28,920		5,815,812
Moody’s Corp.		134,720		16,392,730
Morgan Stanley		1,049,876		46,782,475
Morningstar Inc.		13,977		1,094,958
MSCI Inc.		67,980		7,001,260
Nasdaq Inc.		88,398		6,319,573
Northern Trust Corp.		165,350		16,073,674
Raymond James Financial Inc.		101,306		8,126,767
S&P Global Inc.		204,987		29,926,052
SEI Investments Co.		100,706		5,415,969
State Street Corp.		297,655		26,708,583
T Rowe Price Group Inc.		187,029		13,879,422
TD Ameritrade Holding Corp.		196,083		8,429,608
				533,483,077
CHEMICALS — 2.23%
Air Products & Chemicals Inc.		169,954		24,313,619
Albemarle Corp.		89,591		9,455,434
Ashland Global Holdings Inc.		48,757		3,213,574
Axalta Coating Systems Ltd.a		168,676		5,404,379
Cabot Corp.		47,573		2,541,825

Security	Shares		Value
Celanese Corp. Series A		110,331	$	10,474,825
CF Industries Holdings Inc.		184,103		5,147,520
Chemours Co. (The)		146,632		5,560,286
Dow Chemical Co. (The)		971,067		61,245,196
Eastman Chemical Co.		117,965		9,907,880
Ecolab Inc.		204,028		27,084,717
EI du Pont de Nemours & Co.		690,540		55,733,484
FMC Corp.		107,445		7,848,857
Huntsman Corp.		154,923		4,003,210
International Flavors & Fragrances Inc.		64,268		8,676,180
LyondellBasell Industries NV Class A		262,510		22,153,219
Monsanto Co.		348,246		41,218,397
Mosaic Co. (The)		275,568		6,291,218
NewMarket Corp.		5,742		2,644,076
Olin Corp.		130,840		3,961,835
Platform Specialty Products Corp.a,b		152,543		1,934,245
PPG Industries Inc.		203,690		22,397,752
Praxair Inc.		227,675		30,178,321
RPM International Inc.		102,822		5,608,940
Scotts Miracle-Gro Co. (The) Class A		35,246		3,153,107
Sherwin-Williams Co. (The)		64,078		22,488,815
Valvoline Inc.		161,049		3,820,082
Westlake Chemical Corp.		29,638		1,962,332
WR Grace & Co.		55,071		3,965,663
				412,388,988
COMMERCIAL SERVICES & SUPPLIES — 0.37%
Cintas Corp.		71,289		8,985,265
Clean Harbors Inc.a		40,896		2,283,224
Copart Inc.a		158,958		5,053,275
KAR Auction Services Inc.		108,609		4,558,320
Pitney Bowes Inc.		149,376		2,255,577
Republic Services Inc.		188,379		12,005,394
Rollins Inc.		75,383		3,068,842
Stericycle Inc.a		65,021		4,962,403
Waste Management Inc.		352,896		25,884,921
				69,057,221
COMMUNICATIONS EQUIPMENT — 1.05%
Arista Networks Inc.a,b		41,996		6,290,581
ARRIS International PLCa		147,438		4,131,213

318

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
Brocade Communications Systems Inc.		313,590	$	3,954,370
Cisco Systems Inc.		3,987,873		124,820,425
CommScope Holding Co. Inc.a		151,507		5,761,811
EchoStar Corp. Class Aa		35,659		2,164,501
F5 Networks Inc.a		54,232		6,890,718
Harris Corp.		99,959		10,903,527
Juniper Networks Inc.		300,277		8,371,723
Motorola Solutions Inc.		130,419		11,312,544
Palo Alto Networks Inc.a		69,526		9,303,274
				193,904,687
CONSTRUCTION & ENGINEERING — 0.11%
AECOMa		120,090		3,882,510
Fluor Corp.		112,061		5,130,152
Jacobs Engineering Group Inc.		96,467		5,246,840
Quanta Services Inc.a		113,579		3,739,021
Valmont Industries Inc.		17,325		2,591,820
				20,590,343
CONSTRUCTION MATERIALS — 0.15%
Eagle Materials Inc.		36,512		3,374,439
Martin Marietta Materials Inc.		50,849		11,317,970
Vulcan Materials Co.		105,995		13,427,447
				28,119,856
CONSUMER FINANCE — 0.75%
Ally Financial Inc.		350,102		7,317,132
American Express Co.		590,281		49,725,271
Capital One Financial Corp.		384,583		31,774,248
Credit Acceptance Corp.a,b		8,870		2,280,832
Discover Financial Services		301,086		18,724,538
Navient Corp.		224,419		3,736,576
OneMain Holdings Inc.a,b		42,225		1,038,313
Santander Consumer USA Holdings Inc.a,b		82,437		1,051,896
SLM Corp.a		337,054		3,876,121
Synchrony Financial		645,985		19,263,273
				138,788,200
CONTAINERS & PACKAGING — 0.51%
AptarGroup Inc.		50,558		4,391,468
Avery Dennison Corp.		70,097		6,194,472
Ball Corp.b		274,164		11,572,462
Bemis Co. Inc.		73,700		3,408,625
Berry Global Group Inc.a		99,241		5,657,729

Security	Shares		Value
Crown Holdings Inc.a		106,131	$	6,331,776
Graphic Packaging Holding Co.		248,672		3,426,700
International Paper Co.		327,412		18,534,793
Owens-Illinois Inc.a		127,414		3,047,743
Packaging Corp. of America		73,693		8,208,663
Sealed Air Corp.		154,789		6,928,356
Silgan Holdings Inc.		63,284		2,011,166
Sonoco Products Co.		78,336		4,028,037
WestRock Co.		200,349		11,351,774
				95,093,764
DISTRIBUTORS — 0.12%
Genuine Parts Co.		117,310		10,881,676
LKQ Corp.a		245,936		8,103,591
Pool Corp.		31,596		3,714,742
				22,700,009
DIVERSIFIED CONSUMER SERVICES — 0.10%
Bright Horizons Family Solutions Inc.a		40,120		3,097,665
Graham Holdings Co. Class B		3,367		2,019,021
H&R Block Inc.		162,969		5,037,372
Service Corp. International/U.S.		152,491		5,100,824
ServiceMaster Global Holdings Inc.a		106,010		4,154,532
				19,409,414
DIVERSIFIED FINANCIAL SERVICES — 1.47%
Berkshire Hathaway Inc. Class Ba		1,530,563		259,231,455
Leucadia National Corp.		264,361		6,915,684
Voya Financial Inc.		150,208		5,541,173
				271,688,312
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.94%
AT&T Inc.		4,894,772		184,679,748
CenturyLink Inc.		431,542		10,305,223
Level 3 Communications Inc.a		233,714		13,859,240
Verizon Communications Inc.		3,258,335		145,517,241
Zayo Group Holdings Inc.a,b		147,526		4,558,553
				358,920,005
ELECTRIC UTILITIES — 1.88%
Alliant Energy Corp.		179,245		7,200,272

319

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
American Electric Power Co. Inc.		391,842	$	27,221,264
Avangrid Inc.		43,647		1,927,015
Duke Energy Corp.		557,304		46,585,041
Edison International		252,212		19,720,456
Entergy Corp.		143,127		10,987,860
Eversource Energy		253,728		15,403,827
Exelon Corp.		736,022		26,548,314
FirstEnergy Corp.		342,245		9,979,864
Great Plains Energy Inc.		168,717		4,940,034
Hawaiian Electric Industries Inc.		84,411		2,733,228
NextEra Energy Inc.		372,018		52,130,882
OGE Energy Corp.		156,360		5,439,764
PG&E Corp.		406,633		26,988,232
Pinnacle West Capital Corp.		87,401		7,443,069
PPL Corp.		540,777		20,906,439
Southern Co. (The)		793,954		38,014,517
Westar Energy Inc.		113,676		6,027,102
Xcel Energy Inc.		405,742		18,615,443
				348,812,623
ELECTRICAL EQUIPMENT — 0.58%
Acuity Brands Inc.b		34,980		7,110,734
AMETEK Inc.		184,213		11,157,781
Eaton Corp. PLC		355,142		27,640,702
Emerson Electric Co.		512,746		30,569,916
Hubbell Inc.		43,280		4,897,998
Regal Beloit Corp.		35,165		2,867,706
Rockwell Automation Inc.		103,708		16,796,548
Sensata Technologies Holding NVa		134,299		5,737,253
				106,778,638
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.56%
Amphenol Corp. Class A		238,060		17,573,589
Arrow Electronics Inc.a		71,669		5,620,283
Avnet Inc.		100,320		3,900,442
CDW Corp./DE		121,712		7,610,651
Cognex Corp.		65,847		5,590,410
Coherent Inc.a		19,389		4,362,331
Corning Inc.		720,211		21,642,341
Dolby Laboratories Inc. Class A		39,981		1,957,470

Security	Shares		Value
FLIR Systems Inc.		107,683	$	3,732,293
IPG Photonics Corp.a		27,652		4,012,305
Jabil Inc.		152,058		4,438,573
Keysight Technologies Inc.a		146,247		5,693,396
National Instruments Corp.		80,876		3,252,833
Trimble Inc.a		198,554		7,082,421
Universal Display Corp.b		33,002		3,605,468
Zebra Technologies Corp. Class Aa,b		42,263		4,248,277
				104,323,083
ENERGY EQUIPMENT & SERVICES — 0.80%
Baker Hughes Inc.		337,918		18,419,910
Halliburton Co.		685,735		29,287,742
Helmerich & Payne Inc.		78,081		4,242,922
Nabors Industries Ltd.		215,557		1,754,634
National Oilwell Varco Inc.		303,542		9,998,673
Oceaneering International Inc.		77,071		1,760,302
Patterson-UTI Energy Inc.		165,271		3,336,821
RPC Inc.b		46,700		943,807
Schlumberger Ltd.		1,111,705		73,194,657
Transocean Ltd.a		269,903		2,221,302
Weatherford International PLCa,b		772,257		2,988,635
				148,149,405
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.67%
Alexandria Real Estate Equities Inc.b		69,434		8,364,714
American Campus Communities Inc.		103,041		4,873,839
American Homes 4 Rent Class A		179,754		4,057,048
American Tower Corp.		336,228		44,489,689
Apartment Investment & Management Co. Class A		122,854		5,279,036
Apple Hospitality REIT Inc.		166,586		3,116,824
AvalonBay Communities Inc.		109,256		20,995,725
Boston Properties Inc.		121,914		14,997,860
Brandywine Realty Trust		134,428		2,356,523
Brixmor Property Group Inc.		221,757		3,965,015
Camden Property Trust		67,391		5,762,604
Colony NorthStar Inc. Class A		441,429		6,219,735
Columbia Property Trust Inc.		98,279		2,199,484

320

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
CoreCivic Inc.		91,444	$	2,522,026
CoreSite Realty Corp.		26,909		2,785,889
Corporate Office Properties Trust		75,121		2,631,489
Crown Castle International Corp.		290,529		29,105,195
CubeSmartb		138,746		3,335,454
CyrusOne Inc.b		61,687		3,439,050
DCT Industrial Trust Inc.		70,408		3,762,604
DDR Corp.		240,558		2,181,861
Digital Realty Trust Inc.b		127,249		14,372,775
Douglas Emmett Inc.		109,311		4,176,773
Duke Realty Corp.		278,819		7,792,991
DuPont Fabros Technology Inc.b		61,450		3,758,282
Empire State Realty Trust Inc. Class Ab		94,874		1,970,533
EPR Properties		49,294		3,542,760
Equinix Inc.		61,740		26,496,338
Equity Commonwealtha,b		95,425		3,015,430
Equity Lifestyle Properties Inc.		62,052		5,357,570
Equity Residential		285,453		18,791,371
Essex Property Trust Inc.		52,146		13,415,601
Extra Space Storage Inc.b		97,359		7,594,002
Federal Realty Investment Trust		57,033		7,208,401
Forest City Realty Trust Inc. Class A		186,145		4,499,125
Gaming and Leisure Properties Inc.b		147,597		5,559,979
GGP Inc.		489,345		11,528,968
HCP Inc.		375,020		11,985,639
Healthcare Trust of America Inc. Class Ab		155,796		4,846,814
Highwoods Properties Inc.		74,850		3,795,643
Hospitality Properties Trust		117,084		3,412,999
Host Hotels & Resorts Inc.b		588,902		10,759,240
Hudson Pacific Properties Inc.		123,925		4,236,996
Invitation Homes Inc.b		70,350		1,521,670
Iron Mountain Inc.b		205,313		7,054,555
Kilroy Realty Corp.		75,570		5,679,085
Kimco Realty Corp.		317,450		5,825,207
Lamar Advertising Co. Class Ab		64,688		4,759,096

Security	Shares		Value
Liberty Property Trust		115,273	$	4,692,764
Life Storage Inc.		36,079		2,673,454
Macerich Co. (The)		116,011		6,735,599
Medical Properties Trust Inc.		287,238		3,696,753
Mid-America Apartment Communities Inc.b		90,026		9,486,940
National Retail Properties Inc.		112,649		4,404,576
Omega Healthcare Investors Inc.b		145,156		4,793,051
Outfront Media Inc.		108,516		2,508,890
Paramount Group Inc.b		141,096		2,257,536
Park Hotels & Resorts Inc.		89,242		2,405,964
Piedmont Office Realty Trust Inc. Class Ab		113,026		2,382,588
Prologis Inc.		415,600		24,370,784
Public Storage		117,813		24,567,545
Rayonier Inc.		95,900		2,759,043
Realty Income Corp.b		217,988		12,028,578
Regency Centers Corp.		116,334		7,287,162
Retail Properties of America Inc. Class A		185,655		2,266,848
SBA Communications Corp.a		95,358		12,863,794
Senior Housing Properties Trust		185,840		3,798,570
Simon Property Group Inc.		245,617		39,731,006
SL Green Realty Corp.		78,553		8,310,907
Spirit Realty Capital Inc.		377,039		2,793,859
STORE Capital Corp.b		134,770		3,025,586
Sun Communities Inc.		52,847		4,634,153
Tanger Factory Outlet Centers Inc.b		73,519		1,910,024
Taubman Centers Inc.		47,115		2,805,698
UDR Inc.		213,449		8,318,108
Uniti Group Inc.a		131,308		3,301,083
Ventas Inc.		281,729		19,574,531
VEREIT Inc.		779,910		6,348,467
Vornado Realty Trust		137,492		12,910,499
Weingarten Realty Investors		91,009		2,739,371
Welltower Inc.b		291,236		21,799,015
Weyerhaeuser Co.		591,015		19,799,002
WP Carey Inc.		81,343		5,369,451
				678,750,706

321

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
FOOD & STAPLES RETAILING — 1.76%
Casey’s General Stores Inc.		30,379	$	3,253,895
Costco Wholesale Corp.		347,899		55,639,487
CVS Health Corp.		809,858		65,161,175
Kroger Co. (The)		723,200		16,865,024
Rite Aid Corp.a		825,319		2,434,691
Sprouts Farmers Market Inc.a,b		109,130		2,473,977
Sysco Corp.		391,425		19,700,420
U.S. Foods Holding Corp.a		106,216		2,891,200
Wal-Mart Stores Inc.		1,159,233		87,730,753
Walgreens Boots Alliance Inc.		744,381		58,292,476
Whole Foods Market Inc.		255,570		10,762,053
				325,205,151
FOOD PRODUCTS — 1.42%
Archer-Daniels-Midland Co.		442,457		18,308,871
Blue Buffalo Pet Products Inc.a,b		74,130		1,690,905
Bunge Ltd.		111,841		8,343,339
Campbell Soup Co.		142,013		7,405,978
Conagra Brands Inc.		321,930		11,512,217
Flowers Foods Inc.		137,310		2,376,836
General Mills Inc.		458,133		25,380,568
Hain Celestial Group Inc. (The)a		79,503		3,086,307
Hershey Co. (The)		112,251		12,052,390
Hormel Foods Corp.		218,411		7,449,999
Ingredion Inc.		56,635		6,751,458
JM Smucker Co. (The)		92,851		10,987,059
Kellogg Co.		197,377		13,709,806
Kraft Heinz Co. (The)		475,618		40,731,926
Lamb Weston Holdings Inc.		114,455		5,040,598
McCormick & Co. Inc./MD NVS		92,785		9,047,465
Mondelez International Inc. Class A		1,166,421		50,377,723
Pilgrim’s Pride Corp.a		46,282		1,014,501
Pinnacle Foods Inc.		91,076		5,409,914
Post Holdings Inc.a		52,315		4,062,260
Seaboard Corp.		206		822,970
TreeHouse Foods Inc.a,b		42,864		3,501,560
Tyson Foods Inc. Class A		221,347		13,862,963
				262,927,613

Security	Shares		Value
GAS UTILITIES — 0.09%
Atmos Energy Corp.		79,761	$	6,616,175
National Fuel Gas Co.		57,592		3,215,937
UGI Corp.		135,720		6,570,205
				16,402,317
HEALTH CARE EQUIPMENT & SUPPLIES — 2.80%
Abbott Laboratories		1,345,268		65,393,478
ABIOMED Inc.a		32,299		4,628,447
Alere Inc.a,b		70,585		3,542,661
Align Technology Inc.a,b		63,079		9,469,419
Baxter International Inc.		393,913		23,847,493
Becton Dickinson and Co.		177,706		34,672,218
Boston Scientific Corp.a		1,072,184		29,720,941
Cooper Companies Inc. (The)		38,253		9,158,533
CR Bard Inc.		58,409		18,463,669
Danaher Corp.		483,055		40,765,011
DENTSPLY SIRONA Inc.		184,283		11,948,910
DexCom Inc.a,b		64,828		4,742,168
Edwards Lifesciences Corp.a		168,264		19,895,535
Hill-Rom Holdings Inc.		51,193		4,075,475
Hologic Inc.a		223,640		10,148,783
IDEXX Laboratories Inc.a		71,051		11,469,052
Intuitive Surgical Inc.a,b		29,033		27,156,597
Medtronic PLC		1,090,204		96,755,605
ResMed Inc.		109,823		8,551,917
STERIS PLC		66,419		5,413,149
Stryker Corp.		268,789		37,302,537
Teleflex Inc.		34,416		7,150,268
Varian Medical Systems Inc.a		75,223		7,762,261
West Pharmaceutical Services Inc.		58,082		5,489,911
Zimmer Biomet Holdings Inc.		160,394		20,594,590
				518,118,628
HEALTH CARE PROVIDERS & SERVICES — 2.63%
Acadia Healthcare Co. Inc.a,b		56,970		2,813,179
Aetna Inc.		254,788		38,684,462
AmerisourceBergen Corp.		126,207		11,930,348
Anthem Inc.		209,591		39,430,355
Brookdale Senior Living Inc.a,b		145,753		2,144,027
Cardinal Health Inc.		251,221		19,575,140
Centene Corp.a		134,283		10,726,526
Cigna Corp.		197,089		32,990,728
DaVita Inc.a		124,928		8,090,337

322

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
Envision Healthcare Corp.a		92,849	$	5,818,847
Express Scripts Holding Co.a		478,953		30,576,359
HCA Healthcare Inc.a		235,150		20,505,080
Henry Schein Inc.a		62,787		11,491,277
Humana Inc.		114,585		27,571,443
Laboratory Corp. of America Holdingsa		82,045		12,646,416
LifePoint Health Inc.a		31,391		2,107,906
McKesson Corp.		168,973		27,802,817
MEDNAX Inc.a,b		72,190		4,358,110
Patterson Companies Inc.		66,229		3,109,451
Premier Inc.a,b		35,718		1,285,848
Quest Diagnostics Inc.		108,651		12,077,645
UnitedHealth Group Inc.		762,707		141,421,132
Universal Health Services Inc. Class B		69,006		8,424,252
VCA Inc.a		61,264		5,655,280
WellCare Health Plans Inc.a		35,728		6,415,320
				487,652,285
HEALTH CARE TECHNOLOGY — 0.13%
athenahealth Inc.a,b		31,753		4,462,884
Cerner Corp.a,b		234,893		15,613,338
Veeva Systems Inc. Class Aa,b		77,843		4,772,554
				24,848,776
HOTELS, RESTAURANTS & LEISURE — 2.09%
Aramark		190,960		7,825,541
Carnival Corp.		326,519		21,409,851
Chipotle Mexican Grill Inc.a		20,075		8,353,207
Choice Hotels International Inc.		25,736		1,653,538
Darden Restaurants Inc.		98,902		8,944,697
Domino’s Pizza Inc.		38,068		8,052,524
Dunkin’ Brands Group Inc.		71,665		3,950,175
Extended Stay America Inc.		131,240		2,540,806
Hilton Grand Vacations Inc.a		41,213		1,486,141
Hilton Worldwide Holdings Inc.		153,034		9,465,153
Hyatt Hotels Corp. Class Aa		25,712		1,445,272
International Game Technology PLC		73,875		1,351,913
Las Vegas Sands Corp.		291,118		18,599,529
Marriott International Inc./MD Class A		251,350		25,212,918
McDonald’s Corp.		649,196		99,430,859

Security	Shares		Value
MGM Resorts International		402,654	$	12,599,044
Norwegian Cruise Line Holdings Ltd.a		125,458		6,811,115
Panera Bread Co. Class Aa		18,079		5,688,377
Royal Caribbean Cruises Ltd.		134,537		14,695,477
Six Flags Entertainment Corp.		56,510		3,368,561
Starbucks Corp.		1,122,285		65,440,438
Vail Resorts Inc.		31,327		6,354,055
Wendy’s Co. (The)		165,381		2,565,059
Wyndham Worldwide Corp.		81,701		8,203,597
Wynn Resorts Ltd.		64,319		8,626,464
Yum China Holdings Inc.a		293,025		11,553,976
Yum! Brands Inc.		277,423		20,462,720
				386,091,007
HOUSEHOLD DURABLES — 0.52%
CalAtlantic Group Inc.		58,363		2,063,132
DR Horton Inc.		271,038		9,369,784
Garmin Ltd.		90,579		4,622,246
Leggett & Platt Inc.		104,501		5,489,438
Lennar Corp. Class A		158,268		8,438,850
Lennar Corp. Class B		7,577		340,738
Mohawk Industries Inc.a		49,288		11,912,417
Newell Brands Inc.		374,849		20,099,403
NVR Inc.a		2,758		6,648,462
PulteGroup Inc.		231,259		5,672,783
Tempur Sealy International Inc.a,b		41,599		2,220,971
Toll Brothers Inc.		125,732		4,967,671
Tupperware Brands Corp.		39,519		2,775,419
Whirlpool Corp.		59,401		11,382,420
				96,003,734
HOUSEHOLD PRODUCTS — 1.59%
Church & Dwight Co. Inc.		205,410		10,656,671
Clorox Co. (The)		103,565		13,799,001
Colgate-Palmolive Co.		684,655		50,753,475
Energizer Holdings Inc.		48,341		2,321,335
Kimberly-Clark Corp.		281,559		36,352,082
Procter & Gamble Co. (The)		2,037,017		177,526,032
Spectrum Brands Holdings Inc.		19,159		2,395,641
				293,804,237
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.09%
AES Corp./VA		530,710		5,896,188

323

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
Calpine Corp.a,b		279,500	$	3,781,635
NRG Energy Inc.		246,436		4,243,628
Vistra Energy Corp.		191,541		3,215,973
				17,137,424
INDUSTRIAL CONGLOMERATES — 2.09%
3M Co.		461,297		96,037,422
Carlisle Companies Inc.		49,397		4,712,474
General Electric Co.		6,915,553		186,789,087
Honeywell International Inc.		607,786		81,011,796
Roper Technologies Inc.		79,615		18,433,261
				386,984,040
INSURANCE — 3.00%
Aflac Inc.		308,711		23,980,671
Alleghany Corp.a		11,175		6,646,890
Allied World Assurance Co. Holdings AG		68,376		3,617,090
Allstate Corp. (The)		289,503		25,603,645
American Financial Group Inc./OH		53,924		5,358,428
American International Group Inc.		733,773		45,875,488
American National Insurance Co.		5,850		681,467
Aon PLC		209,280		27,823,776
Arch Capital Group Ltd.a		92,210		8,602,271
Arthur J Gallagher & Co.		138,381		7,922,312
Aspen Insurance Holdings Ltd.		49,126		2,448,931
Assurant Inc.		44,676		4,632,455
Assured Guaranty Ltd.		104,000		4,340,960
Athene Holding Ltd. Class Aa		34,428		1,707,973
Axis Capital Holdings Ltd.		67,135		4,340,949
Brown & Brown Inc.		90,967		3,917,949
Chubb Ltd.		369,431		53,707,879
Cincinnati Financial Corp.		120,572		8,735,441
CNA Financial Corp.		21,614		1,053,683
Erie Indemnity Co. Class A		19,171		2,397,717
Everest Re Group Ltd.		31,595		8,043,771
First American Financial Corp.		82,984		3,708,555
FNF Group		211,412		9,477,600
Hanover Insurance Group Inc. (The)		33,045		2,928,778
Hartford Financial Services Group Inc. (The)		295,126		15,514,774

Security	Shares		Value
Lincoln National Corp.		180,752	$	12,215,220
Loews Corp.		224,931		10,529,020
Markel Corp.a,b		10,927		10,663,222
Marsh & McLennan Companies Inc.		408,774		31,868,021
Mercury General Corp.		21,437		1,157,598
MetLife Inc.		728,131		40,003,517
Old Republic International Corp.		188,959		3,690,369
Principal Financial Group Inc.		214,132		13,719,437
ProAssurance Corp.		40,687		2,473,770
Progressive Corp. (The)		461,838		20,362,437
Prudential Financial Inc.		341,045		36,880,606
Reinsurance Group of America Inc.		50,358		6,465,464
RenaissanceRe Holdings Ltd.		31,397		4,365,753
Torchmark Corp.		93,636		7,163,154
Travelers Companies Inc. (The)		221,980		28,087,129
Unum Group		181,275		8,452,853
Validus Holdings Ltd.		58,704		3,050,847
White Mountains Insurance Group Ltd.		3,322		2,885,589
Willis Towers Watson PLC		100,513		14,620,621
WR Berkley Corp.		75,480		5,220,952
XL Group Ltd.		211,286		9,254,327
				556,199,359
INTERNET & DIRECT MARKETING RETAIL — 2.49%
Amazon.com Inc.a		316,109		305,993,512
Expedia Inc.		95,442		14,216,086
Liberty Expedia Holdings Inc. Class Aa		43,772		2,364,564
Liberty Interactive Corp. QVC Group Series Aa		327,611		8,039,574
Liberty Ventures Series Aa		65,898		3,445,806
Netflix Inc.a		325,991		48,706,315
Priceline Group Inc. (The)a,b		39,033		73,012,007
TripAdvisor Inc.a,b		89,846		3,432,117
Wayfair Inc. Class Aa,b		30,442		2,340,381
				461,550,362
INTERNET SOFTWARE & SERVICES — 4.31%
Akamai Technologies Inc.a		135,724		6,760,413
Alphabet Inc. Class Aa		236,803		220,151,013

324

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
Alphabet Inc. Class Ca		240,557	$	218,601,363
CoStar Group Inc.a,b		25,743		6,785,855
eBay Inc.a		805,632		28,132,670
Facebook Inc. Class Aa		1,856,940		280,360,801
GoDaddy Inc. Class Aa,b		62,127		2,635,427
IAC/InterActiveCorpa		56,797		5,863,722
LogMeIn Inc.		41,141		4,299,235
Match Group Inc.a,b		22,614		393,031
Pandora Media Inc.a,b		172,037		1,534,570
Twitter Inc.a,b		508,409		9,085,269
VeriSign Inc.a,b		69,665		6,476,058
Zillow Group Inc. Class Aa,b		40,048		1,955,944
Zillow Group Inc. Class Ca,b		80,111		3,926,240
				796,961,611
IT SERVICES — 3.89%
Accenture PLC Class A		493,159		60,993,905
Alliance Data Systems Corp.		38,537		9,892,063
Amdocs Ltd.		116,812		7,529,701
Automatic Data Processing Inc.		355,907		36,466,231
Black Knight Financial Services Inc. Class Aa		18,126		742,260
Booz Allen Hamilton Holding Corp.		116,101		3,777,927
Broadridge Financial Solutions Inc.		92,933		7,022,017
Cognizant Technology Solutions Corp. Class A		464,937		30,871,817
Conduent Inc.a		158,868		2,532,356
CoreLogic Inc./U.S.a		69,494		3,014,650
CSRA Inc.		127,843		4,059,015
DST Systems Inc.		49,248		3,038,602
DXC Technology Co.		228,211		17,508,348
Euronet Worldwide Inc.a,b		38,948		3,402,887
Fidelity National Information Services Inc.		258,481		22,074,277
First Data Corp. Class Aa		293,148		5,335,294
Fiserv Inc.a		168,442		20,607,194
FleetCor Technologies Inc.a		73,509		10,600,733
Gartner Inc.a		68,954		8,516,509
Genpact Ltd.		117,579		3,272,224
Global Payments Inc.		122,817		11,092,831

Security	Shares		Value
International Business Machines Corp.		683,493	$	105,141,728
Jack Henry & Associates Inc.		63,436		6,589,097
Leidos Holdings Inc.		112,790		5,830,115
MasterCard Inc. Class A		749,326		91,005,643
Paychex Inc.		257,698		14,673,324
PayPal Holdings Inc.a		902,694		48,447,587
Sabre Corp.		161,948		3,525,608
Square Inc. Class Aa,b		176,148		4,132,432
Teradata Corp.a,b		101,065		2,980,407
Total System Services Inc.		144,048		8,390,796
Vantiv Inc. Class Aa		122,215		7,741,098
Visa Inc. Class A		1,469,968		137,853,599
Western Union Co. (The)		397,048		7,563,764
WEX Inc.a,b		30,461		3,176,168
				719,402,207
LEISURE PRODUCTS — 0.13%
Brunswick Corp./DE		71,461		4,482,749
Hasbro Inc.		90,198		10,057,979
Mattel Inc.		268,345		5,777,468
Polaris Industries Inc.b		47,049		4,339,329
				24,657,525
LIFE SCIENCES TOOLS & SERVICES — 0.81%
Agilent Technologies Inc.		259,796		15,408,501
Bio-Rad Laboratories Inc. Class Aa		16,179		3,661,469
Bio-Techne Corp.		28,971		3,404,093
Bruker Corp.		81,748		2,357,612
Charles River Laboratories International Inc.a		36,865		3,728,895
Illumina Inc.a		116,459		20,207,966
Mettler-Toledo International Inc.a		20,109		11,834,951
Patheon NVa,b		25,531		890,521
PerkinElmer Inc.		85,586		5,831,830
QIAGEN NV		177,944		5,966,462
Quintiles IMS Holdings Inc.a		100,581		9,002,000
Thermo Fisher Scientific Inc.		310,190		54,118,849
VWR Corp.a		60,908		2,010,573
Waters Corp.a		61,446		11,296,233
				149,719,955

325

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
MACHINERY — 1.84%
AGCO Corp.		54,879	$	3,698,296
Allison Transmission Holdings Inc.		100,100		3,754,751
Caterpillar Inc.		451,735		48,543,443
Colfax Corp.a		77,639		3,056,647
Crane Co.		38,171		3,030,014
Cummins Inc.		126,345		20,495,686
Deere & Co.		251,796		31,119,468
Donaldson Co. Inc.		103,163		4,698,043
Dover Corp.		123,044		9,870,590
Flowserve Corp.		102,446		4,756,568
Fortive Corp.		242,137		15,339,379
Gardner Denver Holdings Inc.a		32,906		711,099
Graco Inc.		43,470		4,750,402
IDEX Corp.		59,985		6,778,905
Illinois Tool Works Inc.		242,159		34,689,277
Ingersoll-Rand PLC		205,229		18,755,878
ITT Inc.		70,335		2,826,060
Lincoln Electric Holdings Inc.		49,655		4,572,729
Middleby Corp. (The)a		44,629		5,422,870
Nordson Corp.		46,259		5,612,142
Oshkosh Corp.		57,073		3,931,188
PACCAR Inc.		273,117		18,036,647
Parker-Hannifin Corp.		106,528		17,025,305
Pentair PLC		133,672		8,894,535
Snap-on Inc.		45,638		7,210,804
Stanley Black & Decker Inc.		118,842		16,724,635
Terex Corp.		79,249		2,971,837
Timken Co. (The)		54,652		2,527,655
Toro Co. (The)		84,260		5,838,375
Trinity Industries Inc.		116,748		3,272,446
WABCO Holdings Inc.a		41,648		5,310,536
Wabtec Corp./DEb		67,901		6,212,941
Welbilt Inc.a		98,738		1,861,211
Xylem Inc./NY		144,048		7,984,581
				340,284,943
MARINE — 0.01%
Kirby Corp.a,b		41,240		2,756,894
				2,756,894
MEDIA — 3.03%
AMC Networks Inc. Class Aa,b		47,251		2,523,676
Cable One Inc.		3,638		2,586,254

Security	Shares		Value
CBS Corp. Class B NVS		289,430	$	18,459,845
Charter Communications Inc. Class Aa		157,520		53,060,612
Cinemark Holdings Inc.		82,802		3,216,858
Comcast Corp. Class A		3,747,036		145,834,641
Discovery Communications Inc. Class Aa,b		117,052		3,023,453
Discovery Communications Inc. Class C NVSa		174,564		4,400,758
DISH Network Corp. Class Aa		175,877		11,038,041
Interpublic Group of Companies Inc. (The)		324,109		7,973,081
John Wiley & Sons Inc. Class A		34,707		1,830,794
Liberty Broadband Corp. Class Aa,b		20,305		1,741,966
Liberty Broadband Corp. Class Ca		82,974		7,197,994
Liberty Media Corp.-Liberty Formula One Class Aa		19,624		687,429
Liberty Media Corp.-Liberty Formula One Class Ca		84,277		3,086,224
Liberty Media Corp.-Liberty SiriusXM Class Aa		71,050		2,982,679
Liberty Media Corp.-Liberty SiriusXM Class Ca		144,563		6,028,277
Lions Gate Entertainment Corp. Class A		36,791		1,038,242
Lions Gate Entertainment Corp. Class Ba,b		81,169		2,133,121
Live Nation Entertainment Inc.a,b		102,475		3,571,254
Madison Square Garden Co. (The)a		15,226		2,997,999
News Corp. Class A		297,553		4,076,476
News Corp. Class B		94,877		1,342,510
Omnicom Group Inc.		188,711		15,644,142
Regal Entertainment Group Class A		89,460		1,830,352
Scripps Networks Interactive Inc. Class A		64,969		4,438,032
Sirius XM Holdings Inc.b		1,170,912		6,404,889
TEGNA Inc.		170,199		2,452,568

326

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
Time Warner Inc.		616,955	$	61,948,452
Tribune Media Co. Class A		60,649		2,472,660
Twenty-First Century Fox Inc. Class A NVS		828,842		23,489,382
Twenty-First Century Fox Inc. Class B		348,409		9,710,159
Viacom Inc. Class Ab		7,909		300,937
Viacom Inc. Class B NVS		277,279		9,308,256
Walt Disney Co. (The)		1,245,216		132,304,200
				561,136,213
METALS & MINING — 0.37%
Alcoa Corp.		146,734		4,790,865
Freeport-McMoRan Inc.a		1,076,023		12,923,036
Newmont Mining Corp.		422,437		13,682,734
Nucor Corp.		252,597		14,617,788
Reliance Steel & Aluminum Co.		54,796		3,989,697
Royal Gold Inc.		50,941		3,982,058
Southern Copper Corp.		65,470		2,267,226
Steel Dynamics Inc.		185,206		6,632,227
Tahoe Resources Inc.		235,027		2,025,933
U.S. Steel Corp.		121,062		2,680,313
				67,591,877
MORTGAGE REAL ESTATE INVESTMENT — 0.17%
AGNC Investment Corp.		266,407		5,671,805
Annaly Capital Management Inc.		799,925		9,639,096
Chimera Investment Corp.		147,020		2,738,983
MFA Financial Inc.		293,724		2,464,344
New Residential Investment Corp.		243,583		3,790,152
Starwood Property Trust Inc.		197,471		4,421,376
Two Harbors Investment Corp.b		272,031		2,695,827
				31,421,583
MULTI-UTILITIES — 0.97%
Ameren Corp.		194,402		10,627,957
CenterPoint Energy Inc.		346,671		9,491,852
CMS Energy Corp.		223,259		10,325,729
Consolidated Edison Inc.		243,257		19,660,031
Dominion Energy Inc.		499,298		38,261,206
DTE Energy Co.		143,161		15,145,002
MDU Resources Group Inc.		152,179		3,987,090

Security	Shares		Value
NiSource Inc.		253,876	$	6,438,296
Public Service Enterprise Group Inc.		403,811		17,367,911
SCANA Corp.		102,835		6,890,973
Sempra Energy		199,012		22,438,603
Vectren Corp.		64,918		3,793,808
WEC Energy Group Inc.		252,614		15,505,447
				179,933,905
MULTILINE RETAIL — 0.37%
Dollar General Corp.		218,853		15,777,113
Dollar Tree Inc.a,b		181,071		12,660,484
Kohl’s Corp.		145,419		5,623,352
Macy’s Inc.		242,725		5,640,929
Nordstrom Inc.b		100,266		4,795,723
Target Corp.		442,165		23,120,808
				67,618,409
OIL, GAS & CONSUMABLE FUELS — 4.95%
Anadarko Petroleum Corp.		445,575		20,202,371
Antero Resources Corp.a,b		183,071		3,956,164
Apache Corp.		303,092		14,527,200
Cabot Oil & Gas Corp.		368,527		9,242,657
Centennial Resource Development Inc./DE Class Aa		87,852		1,389,819
Cheniere Energy Inc.a		160,020		7,794,574
Chesapeake Energy Corp.a,b		717,991		3,568,415
Chevron Corp.		1,501,082		156,607,885
Cimarex Energy Co.		74,958		7,046,802
Concho Resources Inc.a		117,077		14,228,368
ConocoPhillips		988,117		43,437,623
CONSOL Energy Inc.a		177,603		2,653,389
Continental Resources Inc./OKa,b		67,765		2,190,842
Devon Energy Corp.		417,355		13,342,839
Diamondback Energy Inc.a,b		77,861		6,914,835
Energen Corp.a		75,835		3,743,974
EOG Resources Inc.		458,623		41,514,554
EQT Corp.		138,821		8,133,522
Extraction Oil & Gas Inc.a,b		95,448		1,283,776
Exxon Mobil Corp.		3,373,286		272,325,379
Gulfport Energy Corp.a		125,425		1,850,019
Hess Corp.		226,359		9,930,369
HollyFrontier Corp.		126,682		3,479,955

327

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
Kinder Morgan Inc./DE		1,539,662	$	29,499,924
Kosmos Energy Ltd.a,b		126,865		813,205
Laredo Petroleum Inc.a,b		113,315		1,192,074
Marathon Oil Corp.		683,739		8,102,307
Marathon Petroleum Corp.		408,974		21,401,609
Murphy Oil Corp.		127,623		3,270,977
Newfield Exploration Co.a,b		156,583		4,456,352
Noble Energy Inc.		382,560		10,826,448
Occidental Petroleum Corp.		609,083		36,465,799
ONEOK Inc.		168,430		8,785,309
Parsley Energy Inc. Class Aa,b		176,126		4,887,497
PBF Energy Inc. Class A		85,859		1,911,221
Phillips 66		346,706		28,669,119
Pioneer Natural Resources Co.		134,372		21,443,084
QEP Resources Inc.a		186,443		1,883,074
Range Resources Corp.		181,238		4,199,284
Rice Energy Inc.a		93,103		2,479,333
RSP Permian Inc.a,b		104,213		3,362,954
SM Energy Co.		76,287		1,261,024
Southwestern Energy Co.a		386,136		2,347,707
Targa Resources Corp.		154,813		6,997,548
Tesoro Corp.		122,242		11,441,851
Valero Energy Corp.		355,283		23,967,391
Whiting Petroleum Corp.a,b		285,570		1,573,491
Williams Companies Inc. (The)		657,414		19,906,496
World Fuel Services Corp.		54,055		2,078,415
WPX Energy Inc.a		303,094		2,927,888
				915,516,712
PAPER & FOREST PRODUCTS — 0.01%
Domtar Corp.		48,409		1,859,874
				1,859,874
PERSONAL PRODUCTS — 0.18%
Coty Inc. Class A		368,414		6,911,447
Edgewell Personal Care Co.a		46,124		3,506,346
Estee Lauder Companies Inc. (The) Class A		172,374		16,544,456
Herbalife Ltd.a,b		57,717		4,116,954
Nu Skin Enterprises Inc. Class A		43,009		2,702,686
				33,781,889
PHARMACEUTICALS — 4.54%
Akorn Inc.a		65,586		2,199,755
Allergan PLC		267,038		64,914,267

Security	Shares		Value
Bristol-Myers Squibb Co.		1,310,362	$	73,013,371
Eli Lilly & Co.		778,447		64,066,188
Endo International PLCa		160,366		1,791,288
Johnson & Johnson		2,145,617		283,843,673
Mallinckrodt PLCa,b		78,595		3,521,842
Merck & Co. Inc.		2,178,277		139,605,773
Mylan NVa		423,727		16,449,082
Perrigo Co. PLC		101,700		7,680,384
Pfizer Inc.		4,706,238		158,082,535
Zoetis Inc.		390,814		24,378,977
				839,547,135
PROFESSIONAL SERVICES — 0.36%
Dun & Bradstreet Corp. (The)		28,395		3,070,919
Equifax Inc.		94,842		13,033,188
IHS Markit Ltd.a		310,700		13,683,228
ManpowerGroup Inc.		52,567		5,869,106
Nielsen Holdings PLC		289,216		11,181,091
Robert Half International Inc.		100,497		4,816,821
TransUniona		101,155		4,381,023
Verisk Analytics Inc. Class Aa		122,728		10,354,561
				66,389,937
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.11%
CBRE Group Inc. Class Aa		241,667		8,796,679
Howard Hughes Corp. (The)a,b		28,231		3,467,896
Jones Lang LaSalle Inc.		35,205		4,400,625
Realogy Holdings Corp.		113,048		3,668,407
				20,333,607
ROAD & RAIL — 0.90%
AMERCO		4,804		1,758,552
CSX Corp.		699,793		38,180,706
Genesee & Wyoming Inc. Class Aa,b		47,820		3,270,410
JB Hunt Transport Services Inc.		71,040		6,491,635
Kansas City Southern		86,700		9,073,155
Landstar System Inc.		32,963		2,821,633
Norfolk Southern Corp.		230,118		28,005,361
Old Dominion Freight Line Inc.		48,558		4,624,664
Ryder System Inc.		41,968		3,020,857
Union Pacific Corp.		642,662		69,992,318
				167,239,291

328

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.39%
Advanced Micro Devices Inc.a		654,545	$	8,168,722
Analog Devices Inc.		289,356		22,511,897
Applied Materials Inc.		858,521		35,465,502
Broadcom Ltd.		317,329		73,953,523
Cavium Inc.a		52,252		3,246,417
Cypress Semiconductor Corp.		245,413		3,349,887
First Solar Inc.a,b		58,999		2,352,880
Intel Corp.		3,750,244		126,533,232
KLA-Tencor Corp.		124,819		11,422,187
Lam Research Corp.		127,125		17,979,289
Marvell Technology Group Ltd.		317,418		5,243,745
Maxim Integrated Products Inc.		226,600		10,174,340
Microchip Technology Inc.		168,060		12,970,871
Micron Technology Inc.a		824,173		24,609,806
Microsemi Corp.a		91,478		4,281,170
NVIDIA Corp.		452,186		65,368,008
NXP Semiconductors NVa		264,804		28,982,798
ON Semiconductor Corp.a		325,040		4,563,562
Qorvo Inc.a,b		100,830		6,384,556
QUALCOMM Inc.		1,172,650		64,753,733
Skyworks Solutions Inc.		146,441		14,051,014
Teradyne Inc.		164,622		4,943,599
Texas Instruments Inc.		793,833		61,069,573
Versum Materials Inc.		76,008		2,470,260
Xilinx Inc.		202,855		13,047,633
				627,898,204
SOFTWARE — 4.87%
Activision Blizzard Inc.		588,127		33,858,471
Adobe Systems Inc.a		389,791		55,132,039
ANSYS Inc.a		70,803		8,615,309
Atlassian Corp. PLC Class Aa,b		57,998		2,040,370
Autodesk Inc.a		164,894		16,624,613
CA Inc.		250,176		8,623,567
Cadence Design Systems Inc.a		219,137		7,338,898
CDK Global Inc.		107,109		6,647,185
Citrix Systems Inc.a		124,284		9,890,521
Dell Technologies Inc. Class Va		162,846		9,951,519
Electronic Arts Inc.a		238,327		25,195,930
FireEye Inc.a,b		118,311		1,799,510
Fortinet Inc.a		118,148		4,423,461

Security	Shares		Value
Guidewire Software Inc.a,b		56,584	$	3,887,887
Intuit Inc.		193,939		25,757,039
Manhattan Associates Inc.a		55,996		2,691,168
Microsoft Corp.		5,967,460		411,337,018
Nuance Communications Inc.a		227,727		3,964,727
Oracle Corp.		2,287,358		114,688,130
PTC Inc.a,b		89,908		4,955,729
Red Hat Inc.a		144,727		13,857,610
salesforce.com Inc.a		537,560		46,552,696
ServiceNow Inc.a		132,772		14,073,832
Splunk Inc.a,b		103,304		5,876,965
SS&C Technologies Holdings Inc.b		136,596		5,246,652
Symantec Corp.		489,889		13,839,364
Synopsys Inc.a		121,704		8,875,873
Tableau Software Inc. Class Aa,b		42,972		2,632,894
Take-Two Interactive Software Inc.a		78,751		5,778,748
Tyler Technologies Inc.a		26,876		4,721,307
Ultimate Software Group Inc. (The)a,b		22,368		4,698,622
VMware Inc. Class Aa,b		56,664		4,954,134
Workday Inc. Class Aa,b		103,551		10,044,447
Zynga Inc. Class Aa		572,103		2,082,455
				900,658,690
SPECIALTY RETAIL — 2.13%
Advance Auto Parts Inc.b		57,098		6,657,056
AutoNation Inc.a,b		50,882		2,145,185
AutoZone Inc.a,b		22,508		12,839,914
Bed Bath & Beyond Inc.		110,334		3,354,154
Best Buy Co. Inc.		209,766		12,025,885
Burlington Stores Inc.a,b		55,374		5,093,854
Cabela’s Inc.a		39,108		2,323,797
CarMax Inc.a,b		146,676		9,249,389
Dick’s Sporting Goods Inc.		68,284		2,719,752
Foot Locker Inc.		106,322		5,239,548
GameStop Corp. Class A		79,904		1,726,725
Gap Inc. (The)		175,046		3,849,262
Home Depot Inc. (The)		955,995		146,649,633
L Brands Inc.		192,635		10,381,100
Lowe’s Companies Inc.		682,278		52,897,013

329

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
Michaels Companies Inc. (The)a		72,684	$	1,346,108
Murphy USA Inc.a,b		28,965		2,146,596
O’Reilly Automotive Inc.a		70,993		15,529,009
Penske Automotive Group Inc.		30,013		1,317,871
Ross Stores Inc.		305,098		17,613,307
Sally Beauty Holdings Inc.a		115,556		2,340,009
Signet Jewelers Ltd.b		55,060		3,481,994
Staples Inc.		508,465		5,120,243
Tiffany & Co.		86,438		8,113,935
TJX Companies Inc. (The)		512,623		36,996,002
Tractor Supply Co.		104,964		5,690,098
Ulta Salon Cosmetics & Fragrance Inc.a		46,788		13,444,064
Urban Outfitters Inc.a,b		70,041		1,298,560
Williams-Sonoma Inc.		69,070		3,349,895
				394,939,958
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 3.68%
Apple Inc.		4,151,255		597,863,745
Hewlett Packard Enterprise Co.		1,318,169		21,868,424
HP Inc.		1,347,285		23,550,542
NCR Corp.a		97,111		3,966,013
NetApp Inc.		215,070		8,613,553
Western Digital Corp.		231,830		20,540,138
Xerox Corp.		182,186		5,234,204
				681,636,619
TEXTILES, APPAREL & LUXURY GOODS — 0.70%
Carter’s Inc.		39,117		3,479,457
Coach Inc.		223,499		10,580,443
Hanesbrands Inc.		297,230		6,883,847
Kate Spade & Co.a		100,926		1,866,122
lululemon athletica Inc.a,b		76,593		4,570,304
Michael Kors Holdings Ltd.a,b		127,577		4,624,666
NIKE Inc. Class B		1,058,390		62,445,010
PVH Corp.		63,548		7,276,246
Ralph Lauren Corp.		44,598		3,291,332
Skechers U.S.A. Inc. Class Aa		101,857		3,004,782
Under Armour Inc. Class Aa,b		143,184		3,115,684
Under Armour Inc. Class Ca,b		144,830		2,919,773
VF Corp.		263,384		15,170,918
				129,228,584

Security	Shares		Value
THRIFTS & MORTGAGE FINANCE — 0.03%
New York Community Bancorp. Inc.		374,541	$	4,917,723
TFS Financial Corp.		44,606		690,055
				5,607,778
TOBACCO — 1.63%
Altria Group Inc.		1,537,354		114,486,752
Philip Morris International Inc.		1,237,198		145,308,905
Reynolds American Inc.		658,820		42,849,653
				302,645,310
TRADING COMPANIES & DISTRIBUTORS — 0.24%
Air Lease Corp.		75,204		2,809,621
Fastenal Co.		231,366		10,071,362
HD Supply Holdings Inc.a		158,623		4,858,622
MSC Industrial Direct Co. Inc. Class A		34,582		2,972,669
United Rentals Inc.a		71,183		8,023,036
Univar Inc.a		82,123		2,397,992
Watsco Inc.		24,010		3,702,342
WESCO International Inc.a		37,953		2,174,707
WW Grainger Inc.b		41,785		7,543,446
				44,553,797
TRANSPORTATION INFRASTRUCTURE — 0.03%
Macquarie Infrastructure Corp.		58,916		4,619,014
				4,619,014
WATER UTILITIES — 0.09%
American Water Works Co. Inc.		142,866		11,136,405
Aqua America Inc.		144,444		4,809,985
				15,946,390
WIRELESS TELECOMMUNICATION SERVICES — 0.11%
Sprint Corp.a,b		499,558		4,101,371
T-Mobile U.S. Inc.a		228,032		13,823,300
Telephone & Data Systems Inc.		74,608		2,070,372
U.S. Cellular Corp.a		10,181		390,136
				20,385,179
TOTAL COMMON STOCKS
(Cost: $15,841,102,871)				18,463,407,751

330

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Security	Shares		Value
SHORT-TERM INVESTMENTS — 1.92%
MONEY MARKET FUNDS — 1.92%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		325,477,217	$	325,574,861
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		30,497,121		30,497,121
				356,071,982
TOTAL SHORT-TERM INVESTMENTS
(Cost: $356,011,980)				356,071,982
TOTAL INVESTMENTS IN SECURITIES — 101.66%
(Cost: $16,197,114,851)g				18,819,479,733
Other Assets, Less Liabilities — (1.66)%				(306,986,285	)
NET ASSETS — 100.00%			$	18,512,493,448

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated issuer. See Schedule 1.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $16,443,838,580. Net unrealized appreciation was $2,375,641,153, of which $3,278,681,999 represented gross unrealized appreciation on securities and $903,040,846 represented gross unrealized depreciation on securities.

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		96,214		6,383		(3,348	)		99,249	$	41,923,770	$	247,043	$	670,246
PNC Financial Services Group Inc. (The)		384,785		25,264		(25,252	)		384,797		48,049,601		209,969		619,397
										$	89,973,371	$	457,012	$	1,289,643

Schedule 2 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		355		Sep. 2017		Chicago Mercantile	$	43,115,268	$	42,970,975	$	(144,293	)
S&P MidCap 400 E-Mini		23		Sep. 2017		Chicago Mercantile		3,997,582		4,016,030		18,448
Net unrealized depreciation											$	(125,845	)

331

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 ETF

June 30, 2017

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	18,463,407,751		$	—	$	—	$	18,463,407,751
Money market funds		356,071,982			—		—		356,071,982
Total	$	18,819,479,733		$	—	$	—	$	18,819,479,733
Derivative financial instrumentsa:
Assets:
Futures contracts	$	18,448		$	—	$	—	$	18,448
Liabilities:
Futures contracts		(144,293	)		—		—		(144,293	)
Total	$	(125,845	)	$	—	$	—	$	(125,845	)

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

332

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL 1000 GROWTH ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.73%
AEROSPACE & DEFENSE — 2.67%
Boeing Co. (The)		1,766,578	$	349,340,800
BWX Technologies Inc.		290,472		14,160,510
General Dynamics Corp.		329,850		65,343,285
HEICO Corp.		71,262		5,119,462
HEICO Corp. Class A		149,355		9,267,478
Hexcel Corp.		187,139		9,879,068
Huntington Ingalls Industries Inc.		116,327		21,655,434
Lockheed Martin Corp.		700,212		194,385,853
Northrop Grumman Corp.		500,865		128,577,054
Raytheon Co.		338,207		54,613,666
Rockwell Collins Inc.		503,179		52,874,049
TransDigm Group Inc.a		149,402		40,169,716
				945,386,375
AIR FREIGHT & LOGISTICS — 1.34%
CH Robinson Worldwide Inc.		434,651		29,851,831
Expeditors International of Washington Inc.		392,378		22,161,509
FedEx Corp.		768,689		167,059,180
United Parcel Service Inc. Class B		2,142,639		236,954,447
XPO Logistics Inc.b		251,914		16,281,202
				472,308,169
AIRLINES — 0.47%
Alaska Air Group Inc.		307,042		27,560,090
American Airlines Group Inc.		597,383		30,060,312
Copa Holdings SA Class A		7,047		824,499
Southwest Airlines Co.		1,743,084		108,315,240
				166,760,141
AUTO COMPONENTS — 0.35%
BorgWarner Inc.		77,016		3,262,398
Delphi Automotive PLC		830,848		72,823,827
Gentex Corp.		564,769		10,713,668
Lear Corp.		176,586		25,089,339
Visteon Corp.b		100,324		10,239,067
				122,128,299
AUTOMOBILES — 0.52%
Harley-Davidson Inc.		395,598		21,370,204
Tesla Inc.a,b		403,371		145,862,987
Thor Industries Inc.		152,918		15,982,990
				183,216,181

Security	Shares		Value
BANKS — 0.27%
Bank of the Ozarks Inc.		163,162	$	7,647,403
East West Bancorp. Inc.		27,143		1,590,037
First Republic Bank/CA		389,551		38,994,055
Pinnacle Financial Partners Inc.		69,746		4,380,049
Signature Bank/New York NYb		98,776		14,177,319
SVB Financial Groupa,b		120,331		21,152,986
Western Alliance Bancorp.b		170,583		8,392,684
				96,334,533
BEVERAGES — 3.09%
Brown-Forman Corp. Class A		150,019		7,395,937
Brown-Forman Corp. Class B		518,560		25,202,016
Coca-Cola Co. (The)		8,929,273		400,477,894
Constellation Brands Inc. Class A		502,228		97,296,630
Dr Pepper Snapple Group Inc.		568,576		51,802,959
Monster Beverage Corp.b		1,282,267		63,703,025
PepsiCo Inc.		3,861,053		445,913,011
				1,091,791,472
BIOTECHNOLOGY — 4.89%
AbbVie Inc.		4,947,898		358,772,084
ACADIA Pharmaceuticals Inc.a,b		299,198		8,344,632
Agios Pharmaceuticals Inc.a,b		118,974		6,121,212
Alexion Pharmaceuticals Inc.b		545,148		66,328,157
Alkermes PLCb		471,955		27,359,231
Alnylam Pharmaceuticals Inc.a,b		202,670		16,164,959
Amgen Inc.		658,098		113,344,219
Biogen Inc.b		618,971		167,963,971
BioMarin Pharmaceutical Inc.b		540,988		49,132,530
Bioverativ Inc.b		335,793		20,204,665
Celgene Corp.b		2,406,304		312,506,700
Exelixis Inc.b		895,289		22,050,968
Gilead Sciences Inc.		2,888,804		204,469,547
Incyte Corp.b		522,481		65,785,583
Intercept Pharmaceuticals Inc.a,b		55,468		6,715,511
Intrexon Corp.a,b		123,055		2,964,395
Ionis Pharmaceuticals Inc.a,b		382,610		19,463,371
Neurocrine Biosciences Inc.a,b		270,652		12,449,992
OPKO Health Inc.a,b		112,883		742,770

333

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Regeneron Pharmaceuticals Inc.b		243,122	$	119,406,939
Seattle Genetics Inc.a,b		296,424		15,336,978
TESARO Inc.a,b		115,016		16,086,138
Vertex Pharmaceuticals Inc.b		771,631		99,440,087
				1,731,154,639
BUILDING PRODUCTS — 0.37%
Allegion PLC		295,544		23,974,529
AO Smith Corp.		445,899		25,117,491
Armstrong World Industries Inc.a,b		136,566		6,282,036
Fortune Brands Home & Security Inc.		455,464		29,714,471
Lennox International Inc.		109,836		20,170,283
Masco Corp.		644,004		24,607,393
				129,866,203
CAPITAL MARKETS — 1.85%
Ameriprise Financial Inc.		425,218		54,125,999
BGC Partners Inc. Class A		180,754		2,284,731
CBOE Holdings Inc.		342,043		31,262,730
Charles Schwab Corp. (The)		2,924,325		125,629,002
Eaton Vance Corp. NVS		342,715		16,217,274
FactSet Research Systems Inc.		117,836		19,581,987
Federated Investors Inc. Class B NVS		82,161		2,321,048
Intercontinental Exchange Inc.		865,770		57,071,559
Invesco Ltd.		202,609		7,129,811
Lazard Ltd. Class A		334,619		15,502,898
Legg Mason Inc.		62,876		2,399,348
LPL Financial Holdings Inc.		273,489		11,612,343
MarketAxess Holdings Inc.		113,672		22,859,439
Moody’s Corp.		515,670		62,746,726
Morningstar Inc.		52,430		4,107,366
MSCI Inc.		275,550		28,378,895
Raymond James Financial Inc.		103,228		8,280,950
S&P Global Inc.		800,465		116,859,885
SEI Investments Co.		415,008		22,319,130
State Street Corp.		59,277		5,318,925
T Rowe Price Group Inc.		113,211		8,401,388
TD Ameritrade Holding Corp.		701,127		30,141,450
				654,552,884

Security	Shares		Value
CHEMICALS — 2.84%
Albemarle Corp.		63,945	$	6,748,755
Axalta Coating Systems Ltd.b		658,669		21,103,755
Celanese Corp. Series A		258,059		24,500,121
Chemours Co. (The)		572,624		21,713,902
Ecolab Inc.		796,734		105,766,439
EI du Pont de Nemours & Co.		2,696,612		217,643,555
FMC Corp.		414,613		30,287,480
Huntsman Corp.		301,127		7,781,122
International Flavors & Fragrances Inc.		245,091		33,087,285
LyondellBasell Industries NV Class A		446,830		37,707,984
Monsanto Co.		1,361,765		161,178,505
NewMarket Corp.		20,784		9,570,616
Platform Specialty Products Corp.b		313,843		3,979,529
PPG Industries Inc.		739,807		81,349,178
Praxair Inc.		778,372		103,173,209
RPM International Inc.		372,205		20,303,783
Scotts Miracle-Gro Co. (The) Class A		122,796		10,985,330
Sherwin-Williams Co. (The)		254,263		89,236,142
Westlake Chemical Corp.		55,168		3,652,673
WR Grace & Co.		211,120		15,202,751
				1,004,972,114
COMMERCIAL SERVICES & SUPPLIES — 0.49%
Cintas Corp.		264,922		33,390,769
Clean Harbors Inc.b		114,240		6,378,019
Copart Inc.a,b		615,226		19,558,035
KAR Auction Services Inc.		424,825		17,829,905
Rollins Inc.		289,194		11,773,088
Waste Management Inc.		1,133,689		83,156,088
				172,085,904
COMMUNICATIONS EQUIPMENT — 0.32%
Arista Networks Inc.a,b		163,977		24,562,115
CommScope Holding Co. Inc.a,b		298,813		11,363,859
F5 Networks Inc.b		200,785		25,511,742
Harris Corp.		97,140		10,596,031
Motorola Solutions Inc.		47,645		4,132,727
Palo Alto Networks Inc.a,b		275,995		36,930,891
				113,097,365

334

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 GROWTH ETF

June 30, 2017

Security	Shares		Value
CONSTRUCTION & ENGINEERING — 0.01%
Quanta Services Inc.a,b		114,787	$	3,778,788
				3,778,788
CONSTRUCTION MATERIALS — 0.28%
Eagle Materials Inc.a		145,393		13,437,221
Martin Marietta Materials Inc.		176,156		39,208,802
Vulcan Materials Co.		379,391		48,061,252
				100,707,275
CONSUMER FINANCE — 0.04%
Capital One Financial Corp.		94,067		7,771,816
Credit Acceptance Corp.a,b		31,346		8,060,310
				15,832,126
CONTAINERS & PACKAGING — 0.65%
AptarGroup Inc.		46,154		4,008,936
Ardagh Group SA		30,465		688,814
Avery Dennison Corp.		258,330		22,828,622
Ball Corp.		593,654		25,058,135
Berry Global Group Inc.b		401,355		22,881,249
Crown Holdings Inc.a,b		283,482		16,912,536
Graphic Packaging Holding Co.		656,704		9,049,381
International Paper Co.		1,161,505		65,752,798
Owens-Illinois Inc.a,b		393,767		9,418,907
Packaging Corp. of America		289,503		32,247,739
Sealed Air Corp.		308,260		13,797,718
Silgan Holdings Inc.		218,644		6,948,506
				229,593,341
DISTRIBUTORS — 0.10%
Genuine Parts Co.		167,628		15,549,173
LKQ Corp.b		135,093		4,451,315
Pool Corp.		124,460		14,632,762
				34,633,250
DIVERSIFIED CONSUMER SERVICES — 0.14%
Bright Horizons Family Solutions Inc.b		156,689		12,097,958
H&R Block Inc.		98,760		3,052,671
Service Corp. International/U.S.		553,656		18,519,793
ServiceMaster Global Holdings Inc.b		416,298		16,314,719
				49,985,141

Security	Shares		Value
DIVERSIFIED FINANCIAL SERVICES — 0.02%
Leucadia National Corp.		237,658	$	6,217,133
Voya Financial Inc.a		33,445		1,233,786
				7,450,919
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.85%
Verizon Communications Inc.		6,344,446		283,342,958
Zayo Group Holdings Inc.a,b		576,093		17,801,274
				301,144,232
ELECTRICAL EQUIPMENT — 0.37%
Acuity Brands Inc.a		92,839		18,872,312
AMETEK Inc.		124,251		7,525,883
Emerson Electric Co.		283,229		16,886,113
Hubbell Inc.		108,565		12,286,301
Rockwell Automation Inc.		398,350		64,516,766
Sensata Technologies Holding NVb		265,877		11,358,265
				131,445,640
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.65%
Amphenol Corp. Class A		927,035		68,433,724
CDW Corp./DE		484,462		30,293,409
Cognex Corp.		257,144		21,831,526
Coherent Inc.b		75,695		17,030,618
Corning Inc.		163,162		4,903,018
FLIR Systems Inc.		224,043		7,765,330
IPG Photonics Corp.a,b		111,302		16,149,920
National Instruments Corp.		259,937		10,454,666
Trimble Inc.b		614,392		21,915,363
Universal Display Corp.a		128,850		14,076,862
Zebra Technologies Corp. Class Aa,b		162,010		16,285,245
				229,139,681
ENERGY EQUIPMENT & SERVICES — 0.23%
Halliburton Co.		1,816,823		77,596,511
RPC Inc.a		165,334		3,341,400
				80,937,911
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.55%
American Tower Corp.		1,311,047		173,477,739
Boston Properties Inc.		76,337		9,390,978
CoreSite Realty Corp.		105,047		10,875,516
Crown Castle International Corp.		1,134,541		113,658,317

335

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 GROWTH ETF

June 30, 2017

Security	Shares		Value
CubeSmarta		378,694	$	9,103,804
CyrusOne Inc.a		235,689		13,139,662
Digital Realty Trust Inc.a		347,136		39,209,011
Douglas Emmett Inc.		363,768		13,899,575
DuPont Fabros Technology Inc.a		240,019		14,679,562
Equinix Inc.		241,045		103,446,872
Equity Lifestyle Properties Inc.a		252,135		21,769,336
Extra Space Storage Inc.a		319,944		24,955,632
Federal Realty Investment Trust		86,262		10,902,654
Gaming and Leisure Properties Inc.a		195,743		7,373,639
Hudson Pacific Properties Inc.		49,878		1,705,329
Iron Mountain Inc.a		711,028		24,430,922
Lamar Advertising Co. Class Aa		229,481		16,882,917
Outfront Media Inc.a		65,117		1,505,505
Public Storagea		459,116		95,739,459
SBA Communications Corp.a,b		372,347		50,229,610
Simon Property Group Inc.a		874,177		141,406,872
Tanger Factory Outlet Centers Inc.a		19,441		505,077
Taubman Centers Inc.a		88,143		5,248,916
				903,536,904
FOOD & STAPLES RETAILING — 1.11%
Costco Wholesale Corp.		1,355,569		216,796,150
Kroger Co. (The)		1,527,885		35,630,278
Rite Aid Corp.a,b		1,519,758		4,483,286
Sprouts Farmers Market Inc.b		416,456		9,441,057
Sysco Corp.		1,528,569		76,932,878
Walgreens Boots Alliance Inc.		540,676		42,340,338
Whole Foods Market Inc.		156,906		6,607,312
				392,231,299
FOOD PRODUCTS — 0.66%
Blue Buffalo Pet Products Inc.a,b		289,462		6,602,628
Campbell Soup Co.		363,819		18,973,161
General Mills Inc.		1,272,032		70,470,573
Hershey Co. (The)		387,448		41,600,292
Kellogg Co.		709,541		49,284,718
Lamb Weston Holdings Inc.		104,760		4,613,630
McCormick & Co. Inc./MD NVS		352,157		34,338,829

Security	Shares		Value
Pilgrim’s Pride Corp.a,b		146,063	$	3,201,701
TreeHouse Foods Inc.a,b		50,607		4,134,086
				233,219,618
HEALTH CARE EQUIPMENT & SUPPLIES — 2.72%
ABIOMED Inc.a,b		125,476		17,980,711
Align Technology Inc.b		246,369		36,984,914
Baxter International Inc.		143,895		8,711,403
Becton Dickinson and Co.		693,935		135,393,658
Boston Scientific Corp.b		4,247,549		117,742,058
Cooper Companies Inc. (The)a		116,425		27,874,473
CR Bard Inc.		225,053		71,141,504
DexCom Inc.a,b		265,019		19,386,140
Edwards Lifesciences Corp.a,b		648,408		76,667,762
Hill-Rom Holdings Inc.		190,724		15,183,538
Hologic Inc.a,b		490,930		22,278,403
IDEXX Laboratories Inc.b		270,469		43,659,106
Intuitive Surgical Inc.a,b		113,369		106,041,962
Medtronic PLC		310,809		27,584,299
ResMed Inc.		432,555		33,683,058
Stryker Corp.		1,055,406		146,469,245
Teleflex Inc.		23,542		4,891,086
Varian Medical Systems Inc.a,b		283,039		29,206,794
West Pharmaceutical Services Inc.		226,950		21,451,314
				962,331,428
HEALTH CARE PROVIDERS & SERVICES — 2.79%
Aetna Inc.		323,986		49,190,794
AmerisourceBergen Corp.		491,257		46,438,524
Centene Corp.b		66,467		5,309,384
Cigna Corp.		674,253		112,863,210
Express Scripts Holding Co.b		126,763		8,092,550
HCA Healthcare Inc.b		65,195		5,685,004
Henry Schein Inc.a,b		245,207		44,877,785
Humana Inc.		421,051		101,313,291
LifePoint Health Inc.b		19,271		1,294,048
McKesson Corp.		68,380		11,251,245
Patterson Companies Inc.		24,605		1,155,205
Premier Inc.a,b		40,838		1,470,168
UnitedHealth Group Inc.		2,978,442		552,262,716
VCA Inc.b		242,509		22,386,006
WellCare Health Plans Inc.b		127,000		22,804,120
				986,394,050

336

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 GROWTH ETF

June 30, 2017

Security	Shares		Value
HEALTH CARE TECHNOLOGY — 0.27%
athenahealth Inc.a,b		122,216	$	17,177,459
Cerner Corp.a,b		892,763		59,341,957
Veeva Systems Inc. Class Aa,b		332,060		20,358,598
				96,878,014
HOTELS, RESTAURANTS & LEISURE — 3.53%
Aramark		314,889		12,904,151
Chipotle Mexican Grill Inc.a,b		78,425		32,632,642
Choice Hotels International Inc.		103,452		6,646,791
Darden Restaurants Inc.		386,227		34,930,370
Domino’s Pizza Inc.		148,705		31,455,569
Dunkin’ Brands Group Inc.		285,422		15,732,461
Extended Stay America Inc.		288,066		5,576,958
Hilton Grand Vacations Inc.b		183,459		6,615,531
Hilton Worldwide Holdings Inc.		525,936		32,529,142
Las Vegas Sands Corp.		1,120,319		71,577,181
Marriott International Inc./MD Class A		981,550		98,459,280
McDonald’s Corp.		2,535,141		388,282,196
MGM Resorts International		125,092		3,914,129
Panera Bread Co. Class Ab		66,968		21,070,811
Six Flags Entertainment Corp.		220,688		13,155,212
Starbucks Corp.		4,382,665		255,553,196
Vail Resorts Inc.		122,838		24,915,231
Wendy’s Co. (The)		571,450		8,863,189
Wyndham Worldwide Corp.		316,787		31,808,583
Wynn Resorts Ltd.		247,730		33,225,548
Yum China Holdings Inc.b		988,701		38,984,480
Yum! Brands Inc.		1,082,106		79,816,139
				1,248,648,790
HOUSEHOLD DURABLES — 0.28%
DR Horton Inc.		581,228		20,093,052
Leggett & Platt Inc.		328,995		17,282,107
Mohawk Industries Inc.b		12,091		2,922,274
NVR Inc.b		10,336		24,916,065
PulteGroup Inc.		277,640		6,810,509
Tempur Sealy International Inc.a,b		55,326		2,953,855
Toll Brothers Inc.		212,896		8,411,521
Tupperware Brands Corp.		156,935		11,021,545
Whirlpool Corp.		21,377		4,096,261
				98,507,189

Security	Shares		Value
HOUSEHOLD PRODUCTS — 0.82%
Church & Dwight Co. Inc.		764,659	$	39,670,509
Clorox Co. (The)		341,196		45,460,955
Colgate-Palmolive Co.		422,440		31,315,477
Energizer Holdings Inc.		189,642		9,106,609
Kimberly-Clark Corp.		936,750		120,943,792
Procter & Gamble Co. (The)		405,712		35,357,801
Spectrum Brands Holdings Inc.		75,815		9,479,908
				291,335,051
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.01%
NRG Energy Inc.		182,778		3,147,437
				3,147,437
INDUSTRIAL CONGLOMERATES — 2.13%
3M Co.		1,801,440		375,041,793
General Electric Co.		4,698,999		126,919,963
Honeywell International Inc.		1,381,244		184,106,013
Roper Technologies Inc.		295,068		68,317,094
				754,384,863
INSURANCE — 1.16%
Allstate Corp. (The)		313,130		27,693,217
American International Group Inc.		346,747		21,678,622
Aon PLC		808,187		107,448,462
Arch Capital Group Ltd.b		47,833		4,462,341
Arthur J Gallagher & Co.		378,262		21,655,500
Aspen Insurance Holdings Ltd.		57,611		2,871,908
Assurant Inc.		34,534		3,580,830
Erie Indemnity Co. Class A		56,165		7,024,557
Marsh & McLennan Companies Inc.		1,596,280		124,445,989
Progressive Corp. (The)		1,798,212		79,283,167
RenaissanceRe Holdings Ltd.		5,123		712,353
XL Group Ltd.		257,433		11,275,565
				412,132,511
INTERNET & DIRECT MARKETING RETAIL — 4.98%
Amazon.com Inc.b		1,234,430		1,194,928,240
Expedia Inc.		376,449		56,072,079
Liberty Expedia Holdings Inc. Class Ab		28,766		1,553,939
Liberty Interactive Corp. QVC Group Series Aa,b		720,287		17,675,843
Netflix Inc.b		1,273,994		190,347,443

337

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Priceline Group Inc. (The)a,b		152,407	$	285,080,342
TripAdvisor Inc.a,b		160,789		6,142,140
Wayfair Inc. Class Aa,b		118,883		9,139,725
				1,760,939,751
INTERNET SOFTWARE & SERVICES — 8.28%
Alphabet Inc. Class Ab		924,726		859,699,268
Alphabet Inc. Class Cb		939,401		853,661,871
CoStar Group Inc.a,b		99,524		26,234,526
Facebook Inc. Class Ab		7,251,555		1,094,839,774
GoDaddy Inc. Class Aa,b		242,585		10,290,456
IAC/InterActiveCorpb		216,294		22,330,192
LogMeIn Inc.		100,568		10,509,356
Match Group Inc.a,b		113,268		1,968,598
Pandora Media Inc.a,b		699,682		6,241,163
Twitter Inc.a,b		130,671		2,335,091
VeriSign Inc.a,b		272,047		25,289,489
Zillow Group Inc. Class Aa,b		112,621		5,500,410
Zillow Group Inc. Class Ca,b		225,558		11,054,597
				2,929,954,791
IT SERVICES — 7.20%
Accenture PLC Class A		1,925,843		238,188,262
Alliance Data Systems Corp.		150,522		38,637,492
Automatic Data Processing Inc.		1,389,838		142,402,801
Black Knight Financial Services Inc. Class Aa,b		89,153		3,650,815
Booz Allen Hamilton Holding Corp.		426,635		13,882,703
Broadridge Financial Solutions Inc.		363,188		27,442,485
Cognizant Technology Solutions Corp. Class A		1,815,658		120,559,691
CoreLogic Inc./U.S.b		152,518		6,616,231
CSRA Inc.		501,732		15,929,991
DST Systems Inc.		19,368		1,195,006
DXC Technology Co.		878,227		67,377,575
Euronet Worldwide Inc.a,b		155,477		13,584,026
Fidelity National Information Services Inc.		580,215		49,550,361
First Data Corp. Class Aa,b		1,144,741		20,834,286
Fiserv Inc.b		659,088		80,632,826
FleetCor Technologies Inc.a,b		284,646		41,048,800
Gartner Inc.a,b		271,549		33,539,017

Security	Shares		Value
Genpact Ltd.		419,381	$	11,671,373
Global Payments Inc.		470,765		42,519,495
International Business Machines Corp.		1,833,713		282,080,071
Jack Henry & Associates Inc.		239,965		24,925,165
MasterCard Inc. Class A		2,926,212		355,388,447
Paychex Inc.		997,495		56,797,365
PayPal Holdings Inc.a,b		3,516,070		188,707,477
Sabre Corp.		503,958		10,971,166
Square Inc. Class Aa,b		687,869		16,137,407
Total System Services Inc.		562,475		32,764,169
Vantiv Inc. Class Aa,b		497,709		31,524,888
Visa Inc. Class Aa		5,740,356		538,330,586
Western Union Co. (The)		1,471,958		28,040,800
WEX Inc.b		97,049		10,119,299
				2,545,050,076
LEISURE PRODUCTS — 0.18%
Brunswick Corp./DE		224,485		14,081,944
Hasbro Inc.		266,505		29,717,973
Mattel Inc.		202,014		4,349,361
Polaris Industries Inc.a		182,573		16,838,708
				64,987,986
LIFE SCIENCES TOOLS & SERVICES — 0.99%
Agilent Technologies Inc.		251,609		14,922,930
Bio-Techne Corp.		114,511		13,455,043
Bruker Corp.		117,523		3,389,363
Charles River Laboratories International Inc.b		145,877		14,755,459
Illumina Inc.a,b		452,047		78,439,195
Mettler-Toledo International Inc.b		78,137		45,986,750
Patheon NVa,b		104,612		3,648,867
PerkinElmer Inc.		66,772		4,549,844
QIAGEN NV		233,861		7,841,359
Quintiles IMS Holdings Inc.b		257,289		23,027,366
Thermo Fisher Scientific Inc.		546,303		95,313,484
Waters Corp.b		236,292		43,439,921
				348,769,581
MACHINERY — 2.35%
Allison Transmission Holdings Inc.		413,758		15,520,063
Caterpillar Inc.		1,598,240		171,746,870
Cummins Inc.		158,725		25,748,370

338

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Deere & Co.		988,001	$	122,107,044
Donaldson Co. Inc.		378,378		17,231,334
Dover Corp.		51,302		4,115,446
Fortive Corp.		862,058		54,611,374
Gardner Denver Holdings Inc.b		128,468		2,776,194
Graco Inc.		170,728		18,657,156
IDEX Corp.		220,319		24,898,250
Illinois Tool Works Inc.		945,681		135,468,803
Ingersoll-Rand PLC		398,384		36,408,314
Lincoln Electric Holdings Inc.		182,125		16,771,891
Middleby Corp. (The)a,b		175,424		21,315,770
Nordson Corp.		178,217		21,621,286
Parker-Hannifin Corp.		354,885		56,717,721
Snap-on Inc.		23,551		3,721,058
Stanley Black & Decker Inc.		53,082		7,470,230
Toro Co. (The)		326,719		22,638,360
WABCO Holdings Inc.a,b		155,918		19,881,104
Wabtec Corp./DEa		85,024		7,779,696
Welbilt Inc.a,b		398,372		7,509,312
Xylem Inc./NY		289,576		16,051,198
				830,766,844
MEDIA — 3.66%
AMC Networks Inc. Class Aa,b		174,565		9,323,517
Cable One Inc.		14,244		10,126,060
CBS Corp. Class B NVS		1,105,552		70,512,107
Charter Communications Inc. Class Ab		413,944		139,437,036
Comcast Corp. Class A		13,535,127		526,787,143
DISH Network Corp. Class Ab		527,831		33,126,674
Interpublic Group of Companies Inc. (The)		1,033,105		25,414,383
Lions Gate Entertainment Corp. Class A		104,009		2,935,134
Lions Gate Entertainment Corp. Class Ba,b		197,661		5,194,531
Live Nation Entertainment Inc.a,b		415,023		14,463,551
Madison Square Garden Co. (The)a,b		5,693		1,120,952
Omnicom Group Inc.		716,930		59,433,497
Regal Entertainment Group Class A		92,183		1,886,064
Scripps Networks Interactive Inc. Class A		146,587		10,013,358

Security	Shares		Value
Sirius XM Holdings Inc.a		4,334,775	$	23,711,219
Twenty-First Century Fox Inc. Class A NVS		165,050		4,677,517
Twenty-First Century Fox Inc. Class B		69,361		1,933,091
Walt Disney Co. (The)		3,321,201		352,877,606
				1,292,973,440
METALS & MINING — 0.08%
Freeport-McMoRan Inc.b		831,990		9,992,200
Royal Gold Inc.		74,727		5,841,410
Southern Copper Corp.		226,905		7,857,720
Steel Dynamics Inc.		102,427		3,667,911
				27,359,241
MULTILINE RETAIL — 0.25%
Dollar General Corp.		326,464		23,534,790
Dollar Tree Inc.b		674,799		47,181,946
Nordstrom Inc.		363,783		17,399,741
				88,116,477
OIL, GAS & CONSUMABLE FUELS — 0.56%
Antero Resources Corp.a,b		352,473		7,616,942
Apache Corp.		61,467		2,946,113
Cabot Oil & Gas Corp.		1,006,388		25,240,211
Cheniere Energy Inc.a,b		418,579		20,388,983
Chesapeake Energy Corp.a,b		149,747		744,243
Cimarex Energy Co.		271,091		25,485,265
Continental Resources Inc./OKa,b		112,967		3,652,223
Devon Energy Corp.		136,448		4,362,243
Diamondback Energy Inc.a,b		65,401		5,808,263
EOG Resources Inc.		168,376		15,241,395
Gulfport Energy Corp.a,b		48,865		720,759
Laredo Petroleum Inc.a,b		502,399		5,285,237
Newfield Exploration Co.a,b		616,753		17,552,790
ONEOK Inc.		650,421		33,925,959
Parsley Energy Inc. Class Aa,b		471,706		13,089,841
RSP Permian Inc.b		204,743		6,607,057
Williams Companies Inc. (The)		367,309		11,122,117
				199,789,641
PERSONAL PRODUCTS — 0.24%
Estee Lauder Companies Inc. (The) Class A		676,993		64,977,788
Herbalife Ltd.a,b		217,657		15,525,474

339

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Nu Skin Enterprises Inc. Class A		46,406	$	2,916,153
				83,419,415
PHARMACEUTICALS — 1.96%
Akorn Inc.b		263,484		8,837,253
Bristol-Myers Squibb Co.		2,517,568		140,278,889
Eli Lilly & Co.		3,033,853		249,686,102
Johnson & Johnson		1,281,936		169,587,314
Merck & Co. Inc.		467,824		29,982,840
Zoetis Inc.		1,526,140		95,200,613
				693,573,011
PROFESSIONAL SERVICES — 0.45%
Dun & Bradstreet Corp. (The)		43,015		4,652,072
Equifax Inc.		369,374		50,759,375
IHS Markit Ltd.b		691,633		30,459,517
Robert Half International Inc.		376,080		18,025,515
TransUniona,b		395,057		17,109,919
Verisk Analytics Inc. Class Ab		469,844		39,640,738
				160,647,136
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.04%
CBRE Group Inc. Class Ab		399,848		14,554,467
				14,554,467
ROAD & RAIL — 1.21%
CSX Corp.		2,453,998		133,890,131
JB Hunt Transport Services Inc.		264,270		24,148,993
Landstar System Inc.		129,339		11,071,418
Old Dominion Freight Line Inc.a		123,859		11,796,331
Union Pacific Corp.		2,276,252		247,906,605
				428,813,478
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 4.41%
Advanced Micro Devices Inc.b		2,556,072		31,899,779
Analog Devices Inc.		1,122,437		87,325,599
Applied Materials Inc.		3,352,604		138,496,071
Broadcom Ltd.		1,239,239		288,804,649
Cavium Inc.b		204,080		12,679,490
Cypress Semiconductor Corp.		85,658		1,169,232
KLA-Tencor Corp.		486,537		44,523,001
Lam Research Corp.		500,492		70,784,584
Maxim Integrated Products Inc.		871,937		39,149,971

Security	Shares		Value
Microchip Technology Inc.		657,009	$	50,707,955
Micron Technology Inc.b		2,456,122		73,339,803
Microsemi Corp.b		289,709		13,558,381
NVIDIA Corp.		1,765,849		255,271,131
NXP Semiconductors NVb		585,327		64,064,040
ON Semiconductor Corp.a,b		1,220,827		17,140,411
Qorvo Inc.a,b		204,361		12,940,138
Skyworks Solutions Inc.		571,905		54,874,285
Teradyne Inc.		574,506		17,252,415
Texas Instruments Inc.		3,099,961		238,480,000
Versum Materials Inc.		30,314		985,205
Xilinx Inc.		730,267		46,970,773
				1,560,416,913
SOFTWARE — 8.45%
Activision Blizzard Inc.		2,296,725		132,222,458
Adobe Systems Inc.b		1,533,900		216,954,816
ANSYS Inc.b		264,517		32,186,429
Atlassian Corp. PLC Class Aa,b		226,505		7,968,446
Autodesk Inc.b		526,711		53,103,003
Cadence Design Systems Inc.b		859,117		28,771,828
CDK Global Inc.		429,424		26,650,053
Citrix Systems Inc.a,b		468,462		37,280,206
Dell Technologies Inc. Class Vb		635,948		38,862,782
Electronic Arts Inc.b		930,659		98,389,269
Fortinet Inc.b		456,024		17,073,539
Guidewire Software Inc.a,b		90,134		6,193,107
Intuit Inc.		754,869		100,254,152
Manhattan Associates Inc.b		211,542		10,166,709
Microsoft Corp.		23,303,549		1,606,313,633
Oracle Corp.		723,498		36,276,190
PTC Inc.b		355,437		19,591,687
Red Hat Inc.b		549,440		52,608,880
salesforce.com Inc.b		2,099,256		181,795,570
ServiceNow Inc.b		518,526		54,963,756
Splunk Inc.a,b		426,619		24,270,355
SS&C Technologies Holdings Inc.		490,817		18,852,281
Symantec Corp.		1,914,724		54,090,953
Synopsys Inc.b		42,082		3,069,040
Tableau Software Inc. Class Aa,b		185,286		11,352,473
Take-Two Interactive Software Inc.b		307,499		22,564,277

340

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Tyler Technologies Inc.a,b		106,811	$	18,763,488
Ultimate Software Group Inc. (The)a,b		88,133		18,513,218
VMware Inc. Class Aa,b		221,284		19,346,860
Workday Inc. Class Aa,b		404,374		39,224,278
				2,987,673,736
SPECIALTY RETAIL — 3.55%
Advance Auto Parts Inc.		58,858		6,862,254
AutoZone Inc.a,b		75,219		42,909,431
Burlington Stores Inc.a,b		122,667		11,284,137
CarMax Inc.a,b		576,594		36,360,018
Dick’s Sporting Goods Inc.		200,122		7,970,859
Floor & Decor Holdings Inc. Class Ab		31,598		1,240,538
Foot Locker Inc.		28,339		1,396,546
Gap Inc. (The)		41,708		917,159
Home Depot Inc. (The)		3,733,276		572,684,538
L Brands Inc.		128,692		6,935,212
Lowe’s Companies Inc.		2,663,639		206,511,932
Michaels Companies Inc. (The)b		275,562		5,103,408
O’Reilly Automotive Inc.a,b		280,645		61,388,287
Ross Stores Inc.		1,191,494		68,784,949
Sally Beauty Holdings Inc.a,b		147,367		2,984,182
TJX Companies Inc. (The)		2,001,838		144,472,648
Tractor Supply Co.		394,033		21,360,529
Ulta Salon Cosmetics & Fragrance Inc.b		183,169		52,631,780
Williams-Sonoma Inc.		52,271		2,535,144
				1,254,333,551
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 6.76%
Apple Inc.		16,211,126		2,334,726,367
NCR Corp.a,b		364,507		14,886,466
NetApp Inc.		720,429		28,853,181
Western Digital Corp.		129,440		11,468,384
				2,389,934,398
TEXTILES, APPAREL & LUXURY GOODS — 1.08%
Carter’s Inc.		147,762		13,143,430
Coach Inc.		154,477		7,312,941
Hanesbrands Inc.		1,113,177		25,781,179
Kate Spade & Co.b		377,858		6,986,595
lululemon athletica Inc.a,b		300,116		17,907,922
Michael Kors Holdings Ltd.a,b		35,304		1,279,770
NIKE Inc. Class B		4,105,204		242,207,036

Security	Shares		Value
Skechers U.S.A. Inc. Class Ab		175,000	$	5,162,500
Under Armour Inc. Class Aa,b		415,247		9,035,775
Under Armour Inc. Class Ca,b		421,427		8,495,968
VF Corp.		762,175		43,901,280
				381,214,396
TOBACCO — 1.70%
Altria Group Inc.		6,003,553		447,084,592
Philip Morris International Inc.		433,947		50,967,075
Reynolds American Inc.		1,576,939		102,564,113
				600,615,780
TRADING COMPANIES & DISTRIBUTORS — 0.41%
Air Lease Corp.		18,239		681,409
Fastenal Co.		896,677		39,032,350
HD Supply Holdings Inc.b		626,031		19,175,330
MSC Industrial Direct Co. Inc. Class A		54,029		4,644,333
United Rentals Inc.b		261,720		29,498,461
Univar Inc.b		320,695		9,364,294
Watsco Inc.		93,732		14,453,474
WW Grainger Inc.a		153,710		27,749,266
				144,598,917
WIRELESS TELECOMMUNICATION SERVICES — 0.10%
T-Mobile U.S. Inc.a,b		562,791		34,116,390
				34,116,390
TOTAL COMMON STOCKS
(Cost: $25,817,261,264)				35,273,669,153
SHORT-TERM INVESTMENTS — 2.41%
MONEY MARKET FUNDS — 2.41%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		776,099,035		776,331,865
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		74,678,575		74,678,575
				851,010,440
TOTAL SHORT-TERM INVESTMENTS
(Cost: $850,815,878)				851,010,440

341

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 GROWTH ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 102.14%
(Cost: $26,668,077,142)f	$	36,124,679,593
Other Assets, Less Liabilities — (2.14)%		(755,427,681	)
NET ASSETS — 100.00%	$	35,369,251,912

NVS  —  Non-Voting Shares

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $26,823,811,202. Net unrealized appreciation was $9,300,868,391, of which $9,667,179,107 represented gross unrealized appreciation on securities and $366,310,716 represented gross unrealized depreciation on securities.

Schedule 1 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		717		Sep. 2017		Chicago Mercantile	$	87,217,860	$	86,789,265	$	(428,595	)

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	35,273,669,153		$	—	$	—	$	35,273,669,153
Money market funds		851,010,440			—		—		851,010,440
Total	$	36,124,679,593		$	—	$	—	$	36,124,679,593
Derivative financial instrumentsa:
Liabilities:
Futures contracts	$	(428,595	)	$	—	$	—	$	(428,595	)
Total	$	(428,595	)	$	—	$	—	$	(428,595	)

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

342

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.76%
AEROSPACE & DEFENSE — 1.79%
Arconic Inc.		1,207,154	$	27,342,038
General Dynamics Corp.		474,700		94,038,070
Hexcel Corp.		93,033		4,911,212
Huntington Ingalls Industries Inc.		22,899		4,262,878
L3 Technologies Inc.		239,717		40,051,916
Lockheed Martin Corp.		77,501		21,515,053
Orbital ATK Inc.		177,114		17,420,933
Raytheon Co.		566,321		91,449,515
Spirit AeroSystems Holdings Inc. Class A		372,761		21,597,772
Teledyne Technologies Inc.a		107,571		13,731,438
Textron Inc.		828,618		39,027,908
United Technologies Corp.		2,308,844		281,932,941
				657,281,674
AIR FREIGHT & LOGISTICS — 0.04%
Expeditors International of Washington Inc.		164,323		9,280,963
XPO Logistics Inc.a		89,997		5,816,506
				15,097,469
AIRLINES — 0.73%
Alaska Air Group Inc.		65,786		5,904,951
American Airlines Group Inc.		782,352		39,367,953
Copa Holdings SA Class A		88,980		10,410,660
Delta Air Lines Inc.		2,089,713		112,301,176
JetBlue Airways Corp.a		1,037,882		23,694,846
Spirit Airlines Inc.a,b		214,281		11,067,614
United Continental Holdings Inc.a		869,004		65,392,551
				268,139,751
AUTO COMPONENTS — 0.22%
Adient PLC		290,262		18,977,330
BorgWarner Inc.		586,090		24,826,772
Gentex Corp.		309,614		5,873,378
Goodyear Tire & Rubber Co. (The)		777,765		27,190,664
Lear Corp.		36,535		5,190,893
				82,059,037

Security	Shares		Value
AUTOMOBILES — 0.79%
Ford Motor Co.		12,047,598	$	134,812,622
General Motors Co.		4,238,452		148,049,128
Harley-Davidson Inc.		146,497		7,913,768
				290,775,518
BANKS — 12.13%
Associated Banc-Corp.		467,292		11,775,758
Bank of America Corp.		30,820,996		747,717,363
Bank of Hawaii Corp.		130,016		10,787,428
Bank of the Ozarks Inc.		189,980		8,904,363
BankUnited Inc.		321,417		10,834,967
BB&T Corp.		2,505,419		113,771,077
BOK Financial Corp.		77,035		6,480,955
CIT Group Inc.		625,355		30,454,788
Citigroup Inc.		8,525,009		570,152,602
Citizens Financial Group Inc.		1,566,639		55,897,679
Comerica Inc.		544,762		39,898,369
Commerce Bancshares Inc./MO		275,627		15,663,882
Cullen/Frost Bankers Inc.		175,737		16,503,462
East West Bancorp. Inc.		416,747		24,413,039
F.N.B. Corp.		991,343		14,037,417
Fifth Third Bancorp.		2,320,830		60,248,747
First Hawaiian Inc.		163,963		5,020,547
First Horizon National Corp.		714,071		12,439,117
First Republic Bank/CA		95,203		9,529,820
Huntington Bancshares Inc./OH		3,337,649		45,125,014
JPMorgan Chase & Co.		10,944,600		1,000,336,440
KeyCorp		3,373,877		63,226,455
M&T Bank Corp.		446,907		72,376,589
PacWest Bancorp.		371,561		17,351,899
People’s United Financial Inc.		1,057,011		18,666,814
Pinnacle Financial Partners Inc.		154,698		9,715,034
PNC Financial Services Group Inc. (The)c		1,496,735		186,897,299
Popular Inc.		310,668		12,957,962
Prosperity Bancshares Inc.		204,761		13,153,847
Regions Financial Corp.		3,715,352		54,392,753
Signature Bank/New York NYa		68,387		9,815,586
SunTrust Banks Inc.		1,494,218		84,752,045
SVB Financial Groupa		42,096		7,400,056

343

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Security	Shares		Value
Synovus Financial Corp.		373,690	$	16,532,046
TCF Financial Corp.		490,017		7,810,871
U.S. Bancorp.		4,896,781		254,240,869
Webster Financial Corp.		282,680		14,761,550
Wells Fargo & Co.		13,900,471		770,225,098
Western Alliance Bancorp.a,b		141,274		6,950,681
Zions BanCorp.		618,812		27,172,035
				4,458,392,323
BEVERAGES — 0.68%
Brown-Forman Corp. Class A		11,080		546,244
Brown-Forman Corp. Class B		38,966		1,893,748
Coca-Cola Co. (The)		2,996,410		134,388,988
Molson Coors Brewing Co. Class B		533,576		46,068,952
PepsiCo Inc.		574,671		66,368,754
				249,266,686
BIOTECHNOLOGY — 1.14%
Alexion Pharmaceuticals Inc.a		129,857		15,799,701
Alnylam Pharmaceuticals Inc.a,b		33,627		2,682,089
Amgen Inc.		1,620,612		279,118,005
Biogen Inc.a		39,355		10,679,373
Gilead Sciences Inc.		1,146,938		81,180,272
Intrexon Corp.a		44,644		1,075,474
Juno Therapeutics Inc.a,b		196,424		5,871,113
OPKO Health Inc.a,b		909,764		5,986,247
United Therapeutics Corp.a,b		137,482		17,835,540
				420,227,814
BUILDING PRODUCTS — 0.47%
Fortune Brands Home & Security Inc.		32,706		2,133,739
Johnson Controls International PLC		2,895,311		125,540,685
Lennox International Inc.		9,428		1,731,358
Masco Corp.		346,184		13,227,691
Owens Corning		342,467		22,917,892
USG Corp.a,b		270,850		7,860,067
				173,411,432
CAPITAL MARKETS — 3.86%
Affiliated Managers Group Inc.		174,298		28,909,066
Ameriprise Financial Inc.		47,071		5,991,668
Bank of New York Mellon Corp. (The)		3,118,403		159,100,921

Security	Shares		Value
BGC Partners Inc. Class A		525,923	$	6,647,667
BlackRock Inc.c		384,610		162,463,110
Charles Schwab Corp. (The)		751,098		32,267,170
CME Group Inc.		1,047,943		131,244,381
E*TRADE Financial Corp.a		850,817		32,356,570
Federated Investors Inc. Class B NVS		173,180		4,892,335
Franklin Resources Inc.		1,033,573		46,293,735
Goldman Sachs Group Inc. (The)		1,135,596		251,988,752
Interactive Brokers Group Inc. Class A		194,049		7,261,314
Intercontinental Exchange Inc.		945,554		62,330,920
Invesco Ltd.		1,058,312		37,241,999
Lazard Ltd. Class A		37,027		1,715,461
Legg Mason Inc.		203,996		7,784,487
Morgan Stanley		4,083,762		181,972,435
Nasdaq Inc.		351,990		25,163,765
Northern Trust Corp.		645,818		62,779,968
Raymond James Financial Inc.		294,084		23,591,418
State Street Corp.		1,098,737		98,589,671
T Rowe Price Group Inc.		614,747		45,620,375
TD Ameritrade Holding Corp.		92,632		3,982,250
				1,420,189,438
CHEMICALS — 1.64%
Air Products & Chemicals Inc.		661,070		94,572,674
Albemarle Corp.		277,008		29,235,424
Ashland Global Holdings Inc.		191,183		12,600,872
Cabot Corp.		188,621		10,078,020
Celanese Corp. Series A		173,497		16,471,805
CF Industries Holdings Inc.		719,865		20,127,425
Dow Chemical Co. (The)		3,777,174		238,226,364
Eastman Chemical Co.		449,808		37,779,374
Huntsman Corp.		319,797		8,263,554
LyondellBasell Industries NV Class A		575,721		48,585,095
Mosaic Co. (The)		1,084,653		24,762,628
NewMarket Corp.		1,643		756,569
Olin Corp.		508,916		15,409,977
Platform Specialty Products Corp.a,b		369,956		4,691,042
PPG Industries Inc.		55,456		6,097,942
Praxair Inc.		107,730		14,279,612
RPM International Inc.		34,006		1,855,027

344

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Security	Shares		Value
Scotts Miracle-Gro Co. (The) Class A		12,252	$	1,096,064
Valvoline Inc.		619,372		14,691,504
Westlake Chemical Corp.		54,924		3,636,518
				603,217,490
COMMERCIAL SERVICES & SUPPLIES — 0.25%
Clean Harbors Inc.a		47,825		2,670,070
Pitney Bowes Inc.		574,863		8,680,431
Republic Services Inc.		710,438		45,276,214
Stericycle Inc.a		255,029		19,463,813
Waste Management Inc.		237,870		17,447,765
				93,538,293
COMMUNICATIONS EQUIPMENT — 1.74%
ARRIS International PLCa		556,676		15,598,062
Brocade Communications Systems Inc.		1,253,012		15,800,481
Cisco Systems Inc.		15,511,780		485,518,714
CommScope Holding Co. Inc.a		291,723		11,094,226
EchoStar Corp. Class Aa		145,580		8,836,706
Harris Corp.		279,660		30,505,313
Juniper Networks Inc.		1,154,638		32,191,307
Motorola Solutions Inc.		457,666		39,697,949
				639,242,758
CONSTRUCTION & ENGINEERING — 0.21%
AECOMa,b		479,098		15,489,238
Fluor Corp.		431,575		19,757,504
Jacobs Engineering Group Inc.		369,000		20,069,910
Quanta Services Inc.a		340,860		11,221,111
Valmont Industries Inc.		68,306		10,218,578
				76,756,341
CONSTRUCTION MATERIALS — 0.02%
Martin Marietta Materials Inc.		20,497		4,562,222
Vulcan Materials Co.		31,604		4,003,595
				8,565,817
CONSUMER FINANCE — 1.43%
Ally Financial Inc.		1,422,523		29,730,731
American Express Co.		2,296,028		193,417,399
Capital One Financial Corp.		1,393,760		115,152,451
Discover Financial Services		1,171,150		72,833,818
Navient Corp.		872,918		14,534,085
OneMain Holdings Inc.a,b		180,369		4,435,274
Santander Consumer USA Holdings Inc.a		456,012		5,818,713

Security	Shares		Value
SLM Corp.a		1,330,567	$	15,301,520
Synchrony Financial		2,512,699		74,928,684
				526,152,675
CONTAINERS & PACKAGING — 0.38%
AptarGroup Inc.		144,539		12,554,658
Avery Dennison Corp.		16,386		1,448,031
Ball Corp.		477,972		20,175,198
Bemis Co. Inc.		284,973		13,180,001
Crown Holdings Inc.a		122,768		7,324,339
Graphic Packaging Holding Co.		322,554		4,444,794
International Paper Co.		115,821		6,556,627
Owens-Illinois Inc.a		108,693		2,599,937
Sealed Air Corp.		293,823		13,151,517
Sonoco Products Co.		302,487		15,553,882
WestRock Co.		767,169		43,467,795
				140,456,779
DISTRIBUTORS — 0.14%
Genuine Parts Co.		277,070		25,701,013
LKQ Corp.a		813,200		26,794,940
				52,495,953
DIVERSIFIED CONSUMER SERVICES — 0.07%
Graham Holdings Co. Class B		13,397		8,033,511
H&R Block Inc.		540,578		16,709,266
				24,742,777
DIVERSIFIED FINANCIAL SERVICES — 2.85%
Berkshire Hathaway Inc. Class Ba		5,953,487		1,008,342,093
Leucadia National Corp.		762,107		19,936,719
Voya Financial Inc.		541,554		19,977,927
				1,048,256,739
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.98%
AT&T Inc.		19,039,330		718,353,921
CenturyLink Inc.		1,668,972		39,855,051
Level 3 Communications Inc.a		912,522		54,112,555
Verizon Communications Inc.		6,319,440		282,226,190
				1,094,547,717
ELECTRIC UTILITIES — 3.70%
Alliant Energy Corp.		704,162		28,286,187
American Electric Power Co. Inc.		1,523,613		105,845,395
Avangrid Inc.		184,920		8,164,218

345

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Security	Shares		Value
Duke Energy Corp.		2,167,746	$	181,201,888
Edison International		981,655		76,755,604
Entergy Corp.		554,870		42,597,370
Eversource Energy		980,303		59,514,195
Exelon Corp.		2,862,925		103,265,705
FirstEnergy Corp.		1,372,413		40,019,563
Great Plains Energy Inc.		665,444		19,484,200
Hawaiian Electric Industries Inc.		334,015		10,815,406
NextEra Energy Inc.		1,447,044		202,774,276
OGE Energy Corp.		615,991		21,430,327
PG&E Corp.		1,581,680		104,976,102
Pinnacle West Capital Corp.		343,344		29,239,175
PPL Corp.		2,117,291		81,854,470
Southern Co. (The)		3,081,212		147,528,431
Westar Energy Inc.		437,782		23,211,202
Xcel Energy Inc.		1,570,234		72,042,336
				1,359,006,050
ELECTRICAL EQUIPMENT — 0.77%
Acuity Brands Inc.		42,730		8,686,154
AMETEK Inc.		586,246		35,508,920
Eaton Corp. PLC		1,381,389		107,513,506
Emerson Electric Co.		1,704,783		101,639,162
Hubbell Inc.		60,280		6,821,888
Regal Beloit Corp.		137,448		11,208,884
Sensata Technologies Holding NVa		257,534		11,001,853
				282,380,367
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.48%
Arrow Electronics Inc.a		273,020		21,410,228
Avnet Inc.		384,041		14,931,514
Corning Inc.		2,638,942		79,300,207
Dolby Laboratories Inc. Class A		174,843		8,560,313
FLIR Systems Inc.		196,333		6,804,902
Jabil Inc.		549,480		16,039,321
Keysight Technologies Inc.a,b		569,993		22,189,828
National Instruments Corp.		74,481		2,995,626
Trimble Inc.a		161,678		5,767,054
				177,998,993

Security	Shares		Value
ENERGY EQUIPMENT & SERVICES — 1.35%
Baker Hughes Inc.		1,314,429	$	71,649,525
Halliburton Co.		867,373		37,045,501
Helmerich & Payne Inc.		327,416		17,791,785
Nabors Industries Ltd.		856,430		6,971,340
National Oilwell Varco Inc.		1,175,234		38,712,208
Oceaneering International Inc.		302,975		6,919,949
Patterson-UTI Energy Inc.		642,871		12,979,566
RPC Inc.b		20,849		421,358
Schlumberger Ltd.		4,302,263		283,260,996
Transocean Ltd.a		1,185,231		9,754,451
Weatherford International PLCa,b		2,724,139		10,542,418
				496,049,097
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.79%
Alexandria Real Estate Equities Inc.b		275,313		33,166,957
American Campus Communities Inc.		412,949		19,532,488
American Homes 4 Rent Class A		699,176		15,780,402
Apartment Investment & Management Co. Class A		481,855		20,705,309
Apple Hospitality REIT Inc.b		647,959		12,123,313
AvalonBay Communities Inc.		425,473		81,763,146
Boston Properties Inc.		404,497		49,761,221
Brandywine Realty Trust		532,948		9,342,578
Brixmor Property Group Inc.		912,417		16,314,016
Camden Property Trust		266,085		22,752,928
Colony NorthStar Inc. Class Ab		1,661,304		23,407,773
Columbia Property Trust Inc.b		377,743		8,453,888
CoreCivic Inc.		363,491		10,025,082
Corporate Office Properties Trust		307,252		10,763,038
CubeSmartb		193,748		4,657,702
CyrusOne Inc.b		36,517		2,035,823
DCT Industrial Trust Inc.		284,396		15,198,122
DDR Corp.		954,484		8,657,170
Digital Realty Trust Inc.b		147,470		16,656,736
Douglas Emmett Inc.		85,529		3,268,063
Duke Realty Corp.		1,097,885		30,685,886

346

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Security	Shares		Value
Empire State Realty Trust Inc. Class Ab		392,875	$	8,160,014
EPR Propertiesb		193,688		13,920,357
Equity Commonwealtha		371,763		11,747,711
Equity Residential		1,101,641		72,521,027
Essex Property Trust Inc.		201,869		51,934,838
Extra Space Storage Inc.		57,122		4,455,516
Federal Realty Investment Trust		136,158		17,209,010
Forest City Realty Trust Inc. Class A		705,964		17,063,150
Gaming and Leisure Properties Inc.		412,436		15,536,464
GGP Inc.b		1,903,414		44,844,434
HCP Inc.b		1,450,320		46,352,227
Healthcare Trust of America Inc. Class Ab		606,000		18,852,660
Highwoods Properties Inc.b		310,187		15,729,583
Hospitality Properties Trust		496,602		14,475,948
Host Hotels & Resorts Inc.		2,255,063		41,200,001
Hudson Pacific Properties Inc.		432,405		14,783,927
Invitation Homes Inc.b		268,332		5,804,021
Iron Mountain Inc.		102,107		3,508,397
Kilroy Realty Corp.b		297,794		22,379,219
Kimco Realty Corp.b		1,275,152		23,399,039
Lamar Advertising Co. Class A		27,108		1,994,336
Liberty Property Trust		454,088		18,485,922
Life Storage Inc.b		141,341		10,473,368
Macerich Co. (The)b		422,358		24,522,105
Medical Properties Trust Inc.		1,117,272		14,379,291
Mid-America Apartment Communities Inc.		349,924		36,874,991
National Retail Properties Inc.b		458,738		17,936,656
Omega Healthcare Investors Inc.b		600,532		19,829,567
Outfront Media Inc.		367,026		8,485,641
Paramount Group Inc.b		618,269		9,892,304
Park Hotels & Resorts Inc.b		397,553		10,718,029
Piedmont Office Realty Trust Inc. Class Ab		447,066		9,424,151
Prologis Inc.b		1,629,110		95,531,010
Rayonier Inc.		396,829		11,416,770
Realty Income Corp.b		843,720		46,556,470
Regency Centers Corp.		460,432		28,841,460

Security	Shares		Value
Retail Properties of America Inc. Class Ab		731,251	$	8,928,575
Senior Housing Properties Trust		728,957		14,899,881
Simon Property Group Inc.b		90,345		14,614,207
SL Green Realty Corp.		306,289		32,405,376
Spirit Realty Capital Inc.b		1,493,577		11,067,406
STORE Capital Corp.b		526,342		11,816,378
Sun Communities Inc.		221,253		19,401,676
Tanger Factory Outlet Centers Inc.b		269,370		6,998,233
Taubman Centers Inc.		99,772		5,941,423
UDR Inc.		819,429		31,933,148
Uniti Group Inc.a		510,747		12,840,180
Ventas Inc.		1,095,856		76,140,075
VEREIT Inc.b		3,016,609		24,555,197
Vornado Realty Trust		531,266		49,885,877
Weingarten Realty Investors		370,473		11,151,237
Welltower Inc.b		1,132,849		84,793,748
Weyerhaeuser Co.		2,306,195		77,257,532
WP Carey Inc.		325,725		21,501,107
				1,760,422,511
FOOD & STAPLES RETAILING — 2.38%
Casey’s General Stores Inc.		120,303		12,885,654
CVS Health Corp.		3,150,115		253,458,253
Kroger Co. (The)		1,291,201		30,110,807
Rite Aid Corp.a		1,734,692		5,117,342
U.S. Foods Holding Corp.a		413,151		11,245,970
Wal-Mart Stores Inc.		4,509,115		341,249,823
Walgreens Boots Alliance Inc.		2,356,890		184,568,056
Whole Foods Market Inc.		833,162		35,084,452
				873,720,357
FOOD PRODUCTS — 2.14%
Archer-Daniels-Midland Co.		1,721,031		71,216,263
Bunge Ltd.		433,376		32,329,850
Campbell Soup Co.		190,020		9,909,543
Conagra Brands Inc.		1,252,210		44,779,030
Flowers Foods Inc.		545,536		9,443,228
General Mills Inc.		514,996		28,530,778
Hain Celestial Group Inc. (The)a,b		313,988		12,189,014
Hershey Co. (The)		44,792		4,809,317
Hormel Foods Corp.		831,887		28,375,666

347

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Security	Shares		Value
Ingredion Inc.		220,215	$	26,251,830
JM Smucker Co. (The)		348,283		41,212,327
Kellogg Co.		65,629		4,558,590
Kraft Heinz Co. (The)		1,858,732		159,181,809
Lamb Weston Holdings Inc.		347,487		15,303,327
Mondelez International Inc. Class A		4,537,069		195,956,010
Pilgrim’s Pride Corp.a,b		17,798		390,132
Pinnacle Foods Inc.		364,797		21,668,942
Post Holdings Inc.a		200,277		15,551,509
Seaboard Corp.		808		3,227,960
TreeHouse Foods Inc.a,b		119,429		9,756,155
Tyson Foods Inc. Class A		860,979		53,923,115
				788,564,395
GAS UTILITIES — 0.18%
Atmos Energy Corp.		318,219		26,396,266
National Fuel Gas Co.		248,178		13,858,260
UGI Corp.		533,747		25,838,692
				66,093,218
HEALTH CARE EQUIPMENT & SUPPLIES — 2.88%
Abbott Laboratories		5,232,748		254,363,880
Alere Inc.a,b		265,451		13,322,986
Baxter International Inc.		1,397,678		84,615,426
Cooper Companies Inc. (The)		33,297		7,971,968
Danaher Corp.		1,895,637		159,972,806
DENTSPLY SIRONA Inc.		696,307		45,148,546
Hill-Rom Holdings Inc.		15,254		1,214,371
Hologic Inc.a		371,934		16,878,365
Medtronic PLC		3,931,051		348,880,776
STERIS PLC		258,361		21,056,422
Teleflex Inc.		116,359		24,174,746
Zimmer Biomet Holdings Inc.		623,866		80,104,394
				1,057,704,686
HEALTH CARE PROVIDERS & SERVICES — 2.49%
Acadia Healthcare Co. Inc.a,b		242,425		11,970,947
Aetna Inc.		679,578		103,180,328
Anthem Inc.		820,544		154,368,943
Brookdale Senior Living Inc.a,b		568,205		8,358,296
Cardinal Health Inc.		977,166		76,140,775
Centene Corp.a		459,120		36,674,506
Cigna Corp.		95,060		15,912,093
DaVita Inc.a,b		481,035		31,151,827
Envision Healthcare Corp.a		359,099		22,504,734

Security	Shares		Value
Express Scripts Holding Co.a		1,730,228	$	110,457,756
HCA Healthcare Inc.a,b		849,736		74,096,979
Humana Inc.		26,297		6,327,584
Laboratory Corp. of America Holdingsa		315,523		48,634,715
LifePoint Health Inc.a		95,660		6,423,569
McKesson Corp.		587,175		96,613,774
MEDNAX Inc.a		281,558		16,997,656
Patterson Companies Inc.		230,680		10,830,426
Premier Inc.a,b		107,996		3,887,856
Quest Diagnostics Inc.		422,609		46,977,216
Universal Health Services Inc. Class B		267,941		32,710,237
WellCare Health Plans Inc.a		12,174		2,185,963
				916,406,180
HOTELS, RESTAURANTS & LEISURE — 0.70%
Aramark		431,015		17,662,995
Carnival Corp.		1,258,858		82,543,319
Extended Stay America Inc.		215,864		4,179,127
Hilton Worldwide Holdings Inc.		71,673		4,432,975
Hyatt Hotels Corp. Class Aa		106,010		5,958,822
International Game Technology PLC		324,678		5,941,607
MGM Resorts International		1,451,881		45,429,357
Norwegian Cruise Line Holdings Ltd.a,b		501,579		27,230,724
Royal Caribbean Cruises Ltd.		530,445		57,940,507
Yum China Holdings Inc.a		155,001		6,111,690
				257,431,123
HOUSEHOLD DURABLES — 0.74%
CalAtlantic Group Inc.b		225,481		7,970,753
DR Horton Inc.		475,614		16,441,976
Garmin Ltd.		372,724		19,020,106
Leggett & Platt Inc.		79,872		4,195,676
Lennar Corp. Class A		615,621		32,824,912
Lennar Corp. Class B		15,445		694,562
Mohawk Industries Inc.a		179,132		43,294,413
Newell Brands Inc.		1,483,511		79,545,860
PulteGroup Inc.		646,788		15,865,709
Tempur Sealy International Inc.a		87,994		4,698,000
Toll Brothers Inc.		249,039		9,839,531
Whirlpool Corp.		205,686		39,413,551
				273,805,049

348

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Security	Shares		Value
HOUSEHOLD PRODUCTS — 2.31%
Clorox Co. (The)		59,034	$	7,865,690
Colgate-Palmolive Co.		2,242,353		166,225,628
Kimberly-Clark Corp.		162,079		20,926,019
Procter & Gamble Co. (The)		7,519,358		655,312,050
				850,329,387
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.17%
AES Corp./VA		2,040,343		22,668,211
Calpine Corp.a,b		1,109,700		15,014,241
NRG Energy Inc.		742,199		12,780,667
Vistra Energy Corp.		745,040		12,509,221
				62,972,340
INDUSTRIAL CONGLOMERATES — 2.05%
Carlisle Companies Inc.		195,646		18,664,628
General Electric Co.		22,219,096		600,137,783
Honeywell International Inc.		980,004		130,624,733
Roper Technologies Inc.		16,769		3,882,527
				753,309,671
INSURANCE — 4.76%
Aflac Inc.		1,200,794		93,277,678
Alleghany Corp.a		44,056		26,204,509
Allied World Assurance Co. Holdings AG		263,200		13,923,280
Allstate Corp. (The)		814,154		72,003,780
American Financial Group Inc./OH		216,861		21,549,478
American International Group Inc.		2,508,826		156,851,801
American National Insurance Co.		25,326		2,950,226
Arch Capital Group Ltd.a		307,905		28,724,457
Arthur J Gallagher & Co.		172,477		9,874,308
Aspen Insurance Holdings Ltd.		126,016		6,281,898
Assurant Inc.		134,288		13,924,323
Assured Guaranty Ltd.		370,740		15,474,688
Athene Holding Ltd. Class Aa,b		134,263		6,660,787
Axis Capital Holdings Ltd.		257,170		16,628,612
Brown & Brown Inc.		362,078		15,594,699
Chubb Ltd.		1,438,614		209,145,703
Cincinnati Financial Corp.		475,228		34,430,269
CNA Financial Corp.		92,380		4,503,525
Erie Indemnity Co. Class A		21,709		2,715,145

Security	Shares		Value
Everest Re Group Ltd.		125,379	$	31,920,240
First American Financial Corp.		343,372		15,345,295
FNF Group		808,665		36,252,452
Hanover Insurance Group Inc. (The)		130,952		11,606,276
Hartford Financial Services Group Inc. (The)		1,128,512		59,325,876
Lincoln National Corp.		691,976		46,763,738
Loews Corp.		859,757		40,245,225
Markel Corp.a		42,112		41,095,416
Mercury General Corp.		93,201		5,032,854
MetLife Inc.		2,832,236		155,603,046
Old Republic International Corp.		752,668		14,699,606
Principal Financial Group Inc.		823,707		52,774,907
ProAssurance Corp.		162,020		9,850,816
Prudential Financial Inc.		1,326,555		143,453,658
Reinsurance Group of America Inc.		198,212		25,448,439
RenaissanceRe Holdings Ltd.		115,117		16,007,019
Torchmark Corp.		356,250		27,253,125
Travelers Companies Inc. (The)		863,440		109,251,063
Unum Group		705,112		32,879,372
Validus Holdings Ltd.		238,119		12,375,044
White Mountains Insurance Group Ltd.b		13,428		11,663,964
Willis Towers Watson PLC		390,954		56,868,169
WR Berkley Corp.		293,936		20,331,553
XL Group Ltd.		537,258		23,531,900
				1,750,298,219
INTERNET & DIRECT MARKETING RETAIL — 0.11%
Liberty Expedia Holdings Inc. Class Aa		135,853		7,338,779
Liberty Interactive Corp. QVC Group Series Aa		556,872		13,665,639
Liberty Ventures Series Aa		245,856		12,855,810
TripAdvisor Inc.a		179,888		6,871,722
				40,731,950
INTERNET SOFTWARE & SERVICES — 0.50%
Akamai Technologies Inc.a,b		520,722		25,937,163
eBay Inc.a		3,131,269		109,343,913
LogMeIn Inc.		59,858		6,255,161

349

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Security	Shares		Value
Twitter Inc.a,b		1,935,884	$	34,594,247
Zillow Group Inc. Class Aa,b		53,692		2,622,317
Zillow Group Inc. Class Ca,b		107,475		5,267,350
				184,020,151
IT SERVICES — 0.71%
Amdocs Ltd.		448,928		28,937,899
Booz Allen Hamilton Holding Corp.		22,328		726,553
Conduent Inc.a		585,382		9,330,989
CoreLogic Inc./U.S.a		107,154		4,648,340
DST Systems Inc.		169,667		10,468,454
Fidelity National Information Services Inc.		437,794		37,387,608
International Business Machines Corp.		832,133		128,007,019
Leidos Holdings Inc.		438,739		22,678,419
Sabre Corp.		140,769		3,064,541
Teradata Corp.a		398,744		11,758,961
WEX Inc.a		24,307		2,534,491
				259,543,274
LEISURE PRODUCTS — 0.09%
Brunswick Corp./DE		56,606		3,550,894
Hasbro Inc.		85,226		9,503,551
Mattel Inc.		857,839		18,469,274
				31,523,719
LIFE SCIENCES TOOLS & SERVICES — 0.64%
Agilent Technologies Inc.		754,648		44,758,173
Bio-Rad Laboratories Inc. Class Aa		64,701		14,642,483
Bruker Corp.		205,443		5,924,976
PerkinElmer Inc.		273,732		18,652,098
QIAGEN NV		475,035		15,927,924
Quintiles IMS Holdings Inc.a,b		134,978		12,080,531
Thermo Fisher Scientific Inc.		662,404		115,569,626
VWR Corp.a		254,361		8,396,457
				235,952,268
MACHINERY — 1.35%
AGCO Corp.		205,692		13,861,584
Caterpillar Inc.		165,172		17,749,383
Colfax Corp.a,b		272,899		10,744,034
Crane Co.		154,122		12,234,204
Cummins Inc.		332,942		54,009,851
Donaldson Co. Inc.		33,326		1,517,666

Security	Shares		Value
Dover Corp.		426,734	$	34,232,601
Flowserve Corp.		402,905		18,706,879
Fortive Corp.		90,140		5,710,369
IDEX Corp.		18,282		2,066,049
Ingersoll-Rand PLC		393,656		35,976,222
ITT Inc.		273,956		11,007,552
Oshkosh Corp.		230,044		15,845,431
PACCAR Inc.		1,059,923		69,997,315
Parker-Hannifin Corp.		55,167		8,816,790
Pentair PLC		511,813		34,056,037
Snap-on Inc.		154,293		24,378,294
Stanley Black & Decker Inc.		424,481		59,737,211
Terex Corp.		278,494		10,443,525
Timken Co. (The)		213,302		9,865,217
Trinity Industries Inc.		463,793		13,000,118
Wabtec Corp./DE		179,928		16,463,412
Xylem Inc./NY		265,202		14,700,147
				495,119,891
MARINE — 0.03%
Kirby Corp.a,b		164,426		10,991,878
				10,991,878
MEDIA — 2.42%
Charter Communications Inc. Class Aa		200,343		67,485,540
Cinemark Holdings Inc.		327,975		12,741,829
Comcast Corp. Class A		1,093,120		42,544,230
Discovery Communications Inc. Class Aa,b		467,715		12,081,078
Discovery Communications Inc. Class C NVSa		647,211		16,316,189
DISH Network Corp. Class Aa		156,154		9,800,225
Interpublic Group of Companies Inc. (The)		187,312		4,607,875
John Wiley & Sons Inc. Class A		136,637		7,207,602
Liberty Broadband Corp. Class Aa		78,735		6,754,676
Liberty Broadband Corp. Class Ca,b		320,894		27,837,554
Liberty Media Corp.-Liberty Formula One Class Aa		76,338		2,674,120
Liberty Media Corp.-Liberty Formula One Class Ca		327,804		12,004,182

350

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Security	Shares		Value
Liberty Media Corp.-Liberty SiriusXM Class Aa		274,512	$	11,524,014
Liberty Media Corp.-Liberty SiriusXM Class Ca		551,790		23,009,643
Lions Gate Entertainment Corp. Class A		56,425		1,592,313
Lions Gate Entertainment Corp. Class Ba,b		108,827		2,859,974
Madison Square Garden Co. (The)a,b		52,087		10,255,930
News Corp. Class A		1,176,425		16,117,022
News Corp. Class B		374,713		5,302,189
Regal Entertainment Group Class A		256,094		5,239,683
Scripps Networks Interactive Inc. Class A		119,964		8,194,741
Sirius XM Holdings Inc.		236,842		1,295,526
TEGNA Inc.		662,705		9,549,579
Time Warner Inc.		2,399,797		240,963,617
Tribune Media Co. Class A		223,890		9,127,995
Twenty-First Century Fox Inc. Class A NVS		3,059,547		86,707,562
Twenty-First Century Fox Inc. Class B		1,286,102		35,843,663
Viacom Inc. Class Ab		30,950		1,177,648
Viacom Inc. Class B NVS		1,085,694		36,446,748
Walt Disney Co. (The)		1,535,403		163,136,569
				890,399,516
METALS & MINING — 0.65%
Alcoa Corp.		570,745		18,634,824
Freeport-McMoRan Inc.a		3,356,728		40,314,303
Newmont Mining Corp.		1,650,462		53,458,464
Nucor Corp.		986,445		57,085,572
Reliance Steel & Aluminum Co.		218,517		15,910,223
Royal Gold Inc.		126,262		9,869,901
Southern Copper Corp.		27,084		937,919
Steel Dynamics Inc.		625,576		22,401,877
Tahoe Resources Inc.		952,199		8,207,955
U.S. Steel Corp.		535,735		11,861,173
				238,682,211

Security	Shares		Value
MORTGAGE REAL ESTATE INVESTMENT — 0.34%
AGNC Investment Corp.b		1,097,024	$	23,355,641
Annaly Capital Management Inc.b		3,144,408		37,890,116
Chimera Investment Corp.		578,161		10,771,140
MFA Financial Inc.		1,272,385		10,675,310
New Residential Investment Corp.		947,469		14,742,618
Starwood Property Trust Inc.b		787,039		17,621,803
Two Harbors Investment Corp.		1,068,832		10,592,125
				125,648,753
MULTI-UTILITIES — 1.90%
Ameren Corp.		749,223		40,960,021
CenterPoint Energy Inc.		1,333,002		36,497,595
CMS Energy Corp.		863,549		39,939,141
Consolidated Edison Inc.		946,259		76,476,652
Dominion Energy Inc.		1,942,157		148,827,491
DTE Energy Co.		552,995		58,501,341
MDU Resources Group Inc.		599,544		15,708,053
NiSource Inc.		1,002,635		25,426,824
Public Service Enterprise Group Inc.		1,562,841		67,217,791
SCANA Corp.		406,332		27,228,307
Sempra Energy		776,325		87,530,644
Vectren Corp.		256,713		15,002,308
WEC Energy Group Inc.		976,205		59,919,463
				699,235,631
MULTILINE RETAIL — 0.47%
Dollar General Corp.		526,097		37,926,333
Dollar Tree Inc.a		37,723		2,637,592
Kohl’s Corp.		530,345		20,508,441
Macy’s Inc.		942,981		21,914,879
Target Corp.		1,718,694		89,870,509
				172,857,754
OIL, GAS & CONSUMABLE FUELS — 9.15%
Anadarko Petroleum Corp.		1,733,126		78,579,933
Antero Resources Corp.a,b		361,033		7,801,923
Apache Corp.		1,115,680		53,474,543
Cabot Oil & Gas Corp.		419,449		10,519,781
Centennial Resource Development Inc./DE Class Aa		341,727		5,406,121

351

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Security	Shares		Value
Cheniere Energy Inc.a,b		213,805	$	10,414,442
Chesapeake Energy Corp.a,b		2,602,891		12,936,368
Chevron Corp.		5,849,621		610,290,959
Cimarex Energy Co.		19,704		1,852,373
Concho Resources Inc.a,b		455,390		55,343,547
ConocoPhillips		3,831,173		168,418,365
CONSOL Energy Inc.a		702,480		10,495,051
Continental Resources Inc./OKa,b		165,237		5,342,112
Devon Energy Corp.		1,507,212		48,185,568
Diamondback Energy Inc.a,b		236,604		21,012,801
Energen Corp.a		299,619		14,792,190
EOG Resources Inc.		1,616,210		146,299,329
EQT Corp.b		533,982		31,286,005
Extraction Oil & Gas Inc.a,b		371,256		4,993,393
Exxon Mobil Corp.		13,121,173		1,059,272,296
Gulfport Energy Corp.a		442,811		6,531,462
Hess Corp.		874,634		38,370,194
HollyFrontier Corp.		546,990		15,025,815
Kinder Morgan Inc./DE		5,950,819		114,017,692
Kosmos Energy Ltd.a,b		533,563		3,420,139
Marathon Oil Corp.		2,623,867		31,092,824
Marathon Petroleum Corp.		1,590,809		83,247,035
Murphy Oil Corp.		503,380		12,901,629
Noble Energy Inc.		1,488,037		42,111,447
Occidental Petroleum Corp.		2,362,528		141,444,551
Parsley Energy Inc. Class Aa		243,115		6,746,441
PBF Energy Inc. Class A		337,659		7,516,289
Phillips 66		1,348,588		111,514,742
Pioneer Natural Resources Co.		522,667		83,407,200
QEP Resources Inc.a		739,333		7,467,263
Range Resources Corp.b		718,017		16,636,454
Rice Energy Inc.a		354,110		9,429,949
RSP Permian Inc.a		201,462		6,501,179
SM Energy Co.b		332,024		5,488,357
Southwestern Energy Co.a		1,558,824		9,477,650
Targa Resources Corp.		602,171		27,218,129
Tesoro Corp.		473,848		44,352,173
Valero Energy Corp.		1,381,943		93,225,875
Whiting Petroleum Corp.a,b		1,110,800		6,120,508
Williams Companies Inc. (The)		2,170,823		65,732,521
World Fuel Services Corp.		209,793		8,066,541
WPX Energy Inc.a		1,221,925		11,803,796
				3,365,584,955

Security	Shares		Value
PAPER & FOREST PRODUCTS — 0.02%
Domtar Corp.		192,091	$	7,380,136
				7,380,136
PERSONAL PRODUCTS — 0.13%
Coty Inc. Class A		1,442,939		27,069,536
Edgewell Personal Care Co.a		176,828		13,442,464
Nu Skin Enterprises Inc. Class A		116,082		7,294,593
				47,806,593
PHARMACEUTICALS — 7.00%
Allergan PLC		1,038,818		252,526,268
Bristol-Myers Squibb Co.		2,589,242		144,272,564
Endo International PLCa		700,919		7,829,265
Johnson & Johnson		7,068,943		935,150,469
Mallinckrodt PLCa		305,708		13,698,776
Merck & Co. Inc.		8,006,895		513,161,901
Mylan NVa,b		1,648,171		63,981,998
Perrigo Co. PLC		395,585		29,874,579
Pfizer Inc.		18,306,006		614,898,742
				2,575,394,562
PROFESSIONAL SERVICES — 0.26%
Dun & Bradstreet Corp. (The)		69,027		7,465,270
IHS Markit Ltd.a		519,684		22,886,884
ManpowerGroup Inc.		206,734		23,081,851
Nielsen Holdings PLC		1,103,841		42,674,493
				96,108,498
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.17%
CBRE Group Inc. Class Aa		508,919		18,524,652
Howard Hughes Corp. (The)a,b		105,084		12,908,518
Jones Lang LaSalle Inc.		139,345		17,418,125
Realogy Holdings Corp.		419,791		13,622,218
				62,473,513
ROAD & RAIL — 0.60%
AMERCO		15,505		5,675,760
CSX Corp.		277,642		15,148,148
Genesee & Wyoming Inc. Class Aa,b		188,003		12,857,525
Kansas City Southern		326,455		34,163,516
Norfolk Southern Corp.		895,092		108,932,696
Old Dominion Freight Line Inc.b		71,396		6,799,755
Ryder System Inc.		164,075		11,810,119

352

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Security	Shares		Value
Union Pacific Corp.		232,474	$	25,318,743
				220,706,262
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.42%
Cypress Semiconductor Corp.		930,050		12,695,182
First Solar Inc.a		259,745		10,358,631
Intel Corp.		14,587,427		492,179,787
Marvell Technology Group Ltd.		1,244,034		20,551,442
Micron Technology Inc.a,b		789,586		23,577,038
Microsemi Corp.a		67,246		3,147,113
NXP Semiconductors NVa		447,016		48,925,901
ON Semiconductor Corp.a		72,143		1,012,888
Qorvo Inc.a,b		187,110		11,847,805
QUALCOMM Inc.		4,573,203		252,532,270
Teradyne Inc.		41,086		1,233,812
Versum Materials Inc.		305,226		9,919,845
Xilinx Inc.		41,512		2,670,052
				890,651,766
SOFTWARE — 1.44%
Autodesk Inc.a		116,741		11,769,828
CA Inc.		973,131		33,543,826
FireEye Inc.a,b		541,131		8,230,603
Guidewire Software Inc.a,b		139,230		9,566,493
Nuance Communications Inc.a		885,808		15,421,917
Oracle Corp.		8,176,555		409,972,468
SS&C Technologies Holdings Inc.b		46,046		1,768,627
Synopsys Inc.a		426,494		31,104,207
Zynga Inc. Class Aa,b		2,337,182		8,507,342
				529,885,311
SPECIALTY RETAIL — 0.79%
Advance Auto Parts Inc.		160,983		18,769,008
AutoNation Inc.a,b		198,053		8,349,914
AutoZone Inc.a		12,608		7,192,360
Bed Bath & Beyond Inc.		430,954		13,101,002
Best Buy Co. Inc.		815,920		46,776,694
Burlington Stores Inc.a,b		91,082		8,378,633
Cabela’s Inc.a		150,886		8,965,646
Dick’s Sporting Goods Inc.		65,264		2,599,465
Foot Locker Inc.		375,298		18,494,685
GameStop Corp. Class A		306,944		6,633,060
Gap Inc. (The)		726,518		15,976,131
L Brands Inc.		623,220		33,585,326

Security	Shares		Value
Michaels Companies Inc. (The)a		73,219	$	1,356,016
Murphy USA Inc.a,b		106,387		7,884,341
Penske Automotive Group Inc.		109,856		4,823,777
Sally Beauty Holdings Inc.a		277,486		5,619,092
Signet Jewelers Ltd.b		211,008		13,344,146
Staples Inc.		2,018,705		20,328,359
Tiffany & Co.		333,412		31,297,384
Urban Outfitters Inc.a,b		265,644		4,925,040
Williams-Sonoma Inc.		215,021		10,428,518
				288,828,597
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.74%
Hewlett Packard Enterprise Co.		5,127,333		85,062,454
HP Inc.		5,240,588		91,605,478
NetApp Inc.		121,699		4,874,045
Western Digital Corp.		772,801		68,470,169
Xerox Corp.		708,641		20,359,256
				270,371,402
TEXTILES, APPAREL & LUXURY GOODS — 0.32%
Coach Inc.		722,996		34,226,631
Michael Kors Holdings Ltd.a		440,109		15,953,951
PVH Corp.		239,658		27,440,841
Ralph Lauren Corp.		173,912		12,834,706
Skechers U.S.A. Inc. Class Aa		230,088		6,787,596
Under Armour Inc. Class Aa,b		153,765		3,345,926
Under Armour Inc. Class Ca		156,039		3,145,746
VF Corp.		265,345		15,283,872
				119,019,269
THRIFTS & MORTGAGE FINANCE — 0.06%
New York Community Bancorp. Inc.		1,468,424		19,280,407
TFS Financial Corp.		194,431		3,007,848
				22,288,255
TOBACCO — 1.57%
Philip Morris International Inc.		4,370,417		513,305,477
Reynolds American Inc.		983,277		63,952,336
				577,257,813
TRADING COMPANIES & DISTRIBUTORS — 0.08%
Air Lease Corp.b		279,597		10,445,744
MSC Industrial Direct Co. Inc. Class A		80,329		6,905,081

353

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Security	Shares		Value
WESCO International Inc.a		150,420	$	8,619,066
WW Grainger Inc.		9,435		1,703,300
				27,673,191
TRANSPORTATION INFRASTRUCTURE — 0.05%
Macquarie Infrastructure Corp.		240,388		18,846,419
				18,846,419
WATER UTILITIES — 0.17%
American Water Works Co. Inc.		551,277		42,972,042
Aqua America Inc.		549,045		18,283,199
				61,255,241
WIRELESS TELECOMMUNICATION SERVICES — 0.13%
Sprint Corp.a,b		1,943,154		15,953,294
T-Mobile U.S. Inc.a,b		347,987		21,094,972
Telephone & Data Systems Inc.		298,624		8,286,816
U.S. Cellular Corp.a,b		48,417		1,855,340
				47,190,422
TOTAL COMMON STOCKS
(Cost: $32,106,995,917)				36,682,735,325
SHORT-TERM INVESTMENTS — 1.18%
MONEY MARKET FUNDS — 1.18%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		395,744,633		395,863,357

Security	Shares		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		37,235,021	$	37,235,021
				433,098,378
TOTAL SHORT-TERM INVESTMENTS
(Cost: $433,019,514)				433,098,378
TOTAL INVESTMENTS IN SECURITIES — 100.94%
(Cost: $32,540,015,431)g				37,115,833,703
Other Assets, Less Liabilities — (0.94)%				(344,572,838	)
NET ASSETS — 100.00%			$	36,771,260,865

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated issuer. See Schedule 1.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $33,482,416,716. Net unrealized appreciation was $3,633,416,987, of which $5,612,830,372 represented gross unrealized appreciation on securities and $1,979,413,385 represented gross unrealized depreciation on securities.

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		403,755		50,164		(69,309	)		384,610	$	162,463,110	$	1,028,778	$	6,564,624
PNC Financial Services Group Inc. (The)		1,617,395		197,040		(317,700	)		1,496,735		186,897,299		888,726		4,510,356
										$	349,360,409	$	1,917,504	$	11,074,980

354

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 1000 VALUE ETF

June 30, 2017

Schedule 2 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		473		Sep. 2017		Chicago Mercantile	$	57,475,097	$	57,254,285	$	(220,812	)
S&P MidCap 400 E-Mini		138		Sep. 2017		Chicago Mercantile		24,015,312		24,096,180		80,868
								Net unrealized depreciation			$	(139,944	)

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	36,682,735,325		$	—	$	—	$	36,682,735,325
Money market funds		433,098,378			—		—		433,098,378
Total	$	37,115,833,703		$	—	$	—	$	37,115,833,703
Derivative financial instrumentsa:
Assets:
Futures contracts	$	80,868		$	—	$	—	$	80,868
Liabilities:
Futures contracts		(220,812	)		—		—		(220,812	)
Total	$	(139,944	)	$	—	$	—	$	(139,944	)

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

355

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.86%
AEROSPACE & DEFENSE — 1.41%
AAR Corp.		615,087	$	21,380,424
Aerojet Rocketdyne Holdings Inc.a		1,339,406		27,859,645
Aerovironment Inc.a,b		410,291		15,673,116
Astronics Corp.a		415,315		12,654,648
Axon Enterprise Inc.a,b		1,009,844		25,387,478
Cubic Corp.		489,001		22,640,746
Curtiss-Wright Corp.		856,428		78,602,962
DigitalGlobe Inc.a,b		1,197,318		39,870,689
Ducommun Inc.a,b		213,559		6,744,193
Engility Holdings Inc.a,b		358,621		10,184,836
Esterline Technologies Corp.a		507,345		48,096,306
KEYW Holding Corp. (The)a,b		933,344		8,726,766
KLX Inc.a,b		1,002,629		50,131,450
Kratos Defense & Security Solutions Inc.a,b		1,387,735		16,472,415
Mercury Systems Inc.a,b		907,242		38,185,816
Moog Inc. Class Aa		617,355		44,276,701
National Presto Industries Inc.		98,593		10,894,527
Sparton Corp.a,b		199,838		4,394,438
Triumph Group Inc.		945,900		29,890,440
Vectrus Inc.a		220,385		7,122,843
Wesco Aircraft Holdings Inc.a,b		1,084,239		11,763,993
				530,954,432
AIR FREIGHT & LOGISTICS — 0.31%
Air Transport Services Group Inc.a,b		1,007,759		21,948,991
Atlas Air Worldwide Holdings Inc.a,b		450,941		23,516,573
Echo Global Logistics Inc.a,b		534,301		10,632,590
Forward Air Corp.		572,351		30,494,861
Hub Group Inc. Class Aa,b		632,109		24,241,380
Radiant Logistics Inc.a,b		780,709		4,200,215
				115,034,610
AIRLINES — 0.31%
Allegiant Travel Co.		253,828		34,419,077
Hawaiian Holdings Inc.a,b		1,012,996		47,560,162

Security	Shares		Value
SkyWest Inc.		968,229	$	33,984,838
				115,964,077
AUTO COMPONENTS — 1.20%
American Axle & Manufacturing Holdings Inc.a,b		1,619,250		25,260,300
Cooper Tire & Rubber Co.		1,028,975		37,145,997
Cooper-Standard Holding Inc.a,b		339,710		34,266,548
Dana Inc.		2,817,403		62,912,609
Dorman Products Inc.a,b		530,574		43,915,610
Fox Factory Holding Corp.a,b		678,472		24,153,603
Gentherm Inc.a,b		714,763		27,732,804
Horizon Global Corp.a,b		493,982		7,093,582
LCI Industriesb		471,525		48,284,160
Modine Manufacturing Co.a,b		957,226		15,842,090
Motorcar Parts of America Inc.a,b		363,290		10,259,310
Shiloh Industries Inc.a,b		168,275		1,975,548
Standard Motor Products Inc.		418,772		21,868,274
Stoneridge Inc.a,b		537,965		8,290,041
Superior Industries International Inc.		486,098		9,989,314
Tenneco Inc.		1,034,210		59,808,364
Tower International Inc.		395,166		8,871,477
VOXX International Corp.a,b		387,924		3,180,977
				450,850,608
AUTOMOBILES — 0.06%
Winnebago Industries Inc.		610,163		21,355,705
				21,355,705
BANKS — 10.50%
1st Source Corp.		313,218		15,015,671
Access National Corp.		285,614		7,574,483
ACNB Corp.		119,415		3,642,158
Allegiance Bancshares Inc.a,b		225,457		8,635,003
American National Bankshares Inc.		162,439		6,002,121
Ameris Bancorp.		703,431		33,905,374
Ames National Corp.		165,754		5,072,072
Arrow Financial Corp.		226,492		7,168,472
Atlantic Capital Bancshares Inc.a,b		396,398		7,531,562
Banc of California Inc.b		842,119		18,105,559

356

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
BancFirst Corp.		162,582	$	15,705,421
Banco Latinoamericano de Comercio Exterior SA Class E		599,288		16,408,505
Bancorp. Inc. (The)a,b		952,520		7,220,102
BancorpSouth Inc.		1,667,174		50,848,807
Bank of Commerce Holdings		299,674		3,311,398
Bank of Marin Bancorp.		118,252		7,278,411
Bank of NT Butterfield & Son Ltd. (The)		1,041,206		35,505,125
Bankwell Financial Group Inc.		115,357		3,602,599
Banner Corp.		638,175		36,063,269
Bar Harbor Bankshares		301,002		9,276,882
BCB Bancorp. Inc.		183,376		2,805,653
Berkshire Hills Bancorp. Inc.		688,546		24,202,392
Blue Hills Bancorp. Inc.		461,444		8,259,848
Boston Private Financial Holdings Inc.		1,618,199		24,839,355
Bridge Bancorp. Inc.		365,768		12,180,074
Brookline Bancorp. Inc.		1,454,341		21,233,379
Bryn Mawr Bank Corp.		329,109		13,987,133
C&F Financial Corp.		64,116		3,007,040
Cadence BanCorpa		168,479		3,686,321
California First National Bancorp.b		45,795		863,236
Camden National Corp.		301,284		12,928,096
Capital Bank Financial Corp. Class A		563,168		21,456,701
Capital City Bank Group Inc.		220,320		4,498,934
Capstar Financial Holdings Inc.a,b		166,786		2,958,784
Carolina Financial Corp.b		278,788		9,010,428
Cathay General Bancorp.		1,464,368		55,572,766
CenterState Banks Inc.		1,044,560		25,967,762
Central Pacific Financial Corp.		595,461		18,739,158
Central Valley Community Bancorp.		198,098		4,389,852
Century Bancorp. Inc./MA Class A		58,531		3,722,572
Chemical Financial Corp.		1,373,190		66,476,128
Chemung Financial Corp.		60,286		2,464,492
Citizens & Northern Corp.		231,796		5,391,575

Security	Shares		Value
City Holding Co.		295,744	$	19,480,657
Civista Bancshares Inc.		191,947		4,007,853
CNB Financial Corp./PA		287,595		6,893,652
CoBiz Financial Inc.		732,734		12,749,572
Codorus Valley Bancorp. Inc.		159,776		4,537,638
Columbia Banking System Inc.		1,135,582		45,252,943
Commerce Union Bancshares Inc.		134,144		3,202,017
Community Bank System Inc.		951,225		53,049,818
Community Bankers Trust Corp.a		415,197		3,425,375
Community Financial Corp. (The )		76,648		2,950,948
Community Trust Bancorp. Inc.		300,547		13,148,931
ConnectOne Bancorp. Inc.		592,318		13,356,771
County Bancorp. Inc.		91,341		2,192,184
CU Bancorp.a,b		321,126		11,608,705
Customers Bancorp. Inc.a,b		553,798		15,661,407
CVB Financial Corp.		2,010,011		45,084,547
DNB Financial Corp.b		60,068		2,060,332
Eagle Bancorp. Inc.a,b		612,213		38,753,083
Enterprise Bancorp. Inc./MA		185,111		6,578,845
Enterprise Financial Services Corp.		436,390		17,804,712
Equity Bancshares Inc. Class Aa,b		206,202		6,318,029
Evans Bancorp. Inc.		89,331		3,568,773
Farmers & Merchants Bancorp. Inc./Archbold OHb		85,790		5,318,980
Farmers Capital Bank Corp.		149,699		5,770,896
Farmers National Banc Corp.		503,874		7,306,173
FB Financial Corp.a,b		129,934		4,702,311
FCB Financial Holdings Inc. Class Aa,b		681,825		32,557,144
Fidelity Southern Corp.		421,229		9,629,295
Financial Institutions Inc.		277,424		8,267,235
First Bancorp. Inc./ME		196,819		5,325,922
First BanCorp./Puerto Ricoa		3,174,795		18,382,063
First Bancorp./Southern Pines NC		474,177		14,822,773

357

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
First Bancshares Inc. (The)b		164,265	$	4,533,714
First Busey Corp.		629,943		18,469,929
First Business Financial Services Inc.		171,377		3,955,381
First Citizens BancShares Inc./NC Class Ab		143,638		53,533,883
First Commonwealth Financial Corp.		1,874,262		23,765,642
First Community Bancshares Inc./VA		321,811		8,801,531
First Community Financial Partners Inc.a,b		264,796		3,415,868
First Connecticut Bancorp. Inc./Farmington CT		274,258		7,034,718
First Financial Bancorp.		1,201,350		33,277,395
First Financial Bankshares Inc.		1,228,701		54,308,584
First Financial Corp./IN		204,917		9,692,574
First Financial Northwest Inc.		164,369		2,651,272
First Foundation Inc.a,b		546,126		8,972,850
First Guaranty Bancshares Inc.		75,424		2,054,550
First Internet Bancorp.		124,930		3,504,287
First Interstate BancSystem Inc.b		497,395		18,503,094
First Merchants Corp.		801,845		32,186,058
First Mid-Illinois Bancshares Inc.		194,514		6,660,159
First Midwest Bancorp. Inc./IL		1,977,975		46,106,597
First Northwest Bancorp.a,b		199,544		3,146,809
First of Long Island Corp. (The)		452,422		12,939,269
Flushing Financial Corp.		537,838		15,161,653
FNB Bancorp./CAb		102,657		2,818,961
Franklin Financial Network Inc.a,b		229,457		9,465,101
Fulton Financial Corp.		3,322,425		63,126,075
German American Bancorp. Inc.		417,071		14,217,950
Glacier Bancorp. Inc.		1,489,455		54,528,948
Great Southern Bancorp. Inc.		214,728		11,487,948
Great Western Bancorp. Inc.		1,147,229		46,818,416
Green Bancorp. Inc.a,b		418,570		8,120,258

Security	Shares		Value
Guaranty Bancorp.		454,802	$	12,370,614
Guaranty Bancshares Inc./TXb		39,151		1,250,874
Hancock Holding Co.		1,633,284		80,030,916
Hanmi Financial Corp.		617,361		17,563,920
HarborOne Bancorp Inc.a,b		251,475		5,019,441
Heartland Financial USA Inc.		475,679		22,404,481
Heritage Commerce Corp.		700,859		9,657,837
Heritage Financial Corp./WA		571,054		15,132,931
Hilltop Holdings Inc.		1,452,250		38,063,473
Home BancShares Inc./AR		2,504,031		62,350,372
HomeTrust Bancshares Inc.a,b		329,313		8,035,237
Hope Bancorp Inc.		2,520,967		47,016,035
Horizon Bancorp./IN		412,607		10,872,194
Howard Bancorp. Inc.a		170,336		3,278,968
IBERIABANK Corp.		979,813		79,854,760
Independent Bank Corp./MI		399,294		8,684,645
Independent Bank Corp./Rockland MA		516,587		34,430,524
Independent Bank Group Inc.b		341,892		20,342,574
International Bancshares Corp.		1,070,852		37,533,363
Investar Holding Corp.b		158,010		3,618,429
Investors Bancorp. Inc.		5,024,322		67,124,942
Lakeland Bancorp. Inc.		869,259		16,385,532
Lakeland Financial Corp.		466,580		21,406,690
LCNB Corp.		171,664		3,433,280
LegacyTexas Financial Group Inc.		915,455		34,906,299
Live Oak Bancshares Inc.b		389,094		9,416,075
Macatawa Bank Corp.		510,658		4,871,677
MainSource Financial Group Inc.		478,507		16,034,770
MB Financial Inc.		1,569,526		69,121,925
MBT Financial Corp.		345,729		3,353,571
Mercantile Bank Corp.		316,681		9,969,118
Middlefield Banc Corp.		50,624		2,551,450
Midland States Bancorp. Inc.		296,617		9,942,602
MidSouth Bancorp. Inc.		172,009		2,021,106
MidWestOne Financial Group Inc.		216,013		7,320,681

358

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
MutualFirst Financial Inc.		118,745	$	4,239,197
National Bank Holdings Corp. Class A		482,983		15,991,567
National Bankshares Inc.		131,375		5,360,100
National Commerce Corp.a,b		203,879		8,063,414
NBT Bancorp. Inc.		831,794		30,734,788
Nicolet Bankshares Inc.a,b		173,197		9,475,608
Northrim BanCorp. Inc.		131,032		3,983,373
Norwood Financial Corp.		73,873		3,121,134
OFG Bancorp.		857,244		8,572,440
Ohio Valley Banc Corp.b		78,923		2,845,174
Old Line Bancshares Inc.		163,410		4,604,894
Old National Bancorp./IN		2,602,773		44,897,834
Old Point Financial Corp.		70,169		2,307,157
Old Second Bancorp. Inc.		575,890		6,651,530
Opus Bankb		401,607		9,718,889
Orrstown Financial Services Inc.		144,386		3,299,220
Pacific Continental Corp.		419,780		10,725,379
Pacific Mercantile Bancorp.a,b		334,063		2,939,754
Pacific Premier Bancorp. Inc.a,b		759,124		28,011,676
Paragon Commercial Corp.a		81,452		4,273,786
Park National Corp.		260,048		26,972,179
Park Sterling Corp.		998,186		11,858,450
Parke Bancorp. Inc.		110,656		2,478,694
Peapack Gladstone Financial Corp.		325,106		10,172,567
Penns Woods Bancorp. Inc.		89,679		3,692,981
People’s Utah Bancorp.		263,487		7,061,452
Peoples Bancorp. Inc./OH		327,186		10,512,486
Peoples Bancorp. of North Carolina Inc.		81,862		2,586,839
Peoples Financial Services Corp.		138,568		6,059,579
Preferred Bank/Los Angeles CA		251,605		13,453,319
Premier Financial Bancorp. Inc.		182,815		3,767,817
QCR Holdings Inc.		235,274		11,151,988
Renasant Corp.		843,937		36,913,804
Republic Bancorp. Inc./KY Class A		185,362		6,617,423

Security	Shares		Value
Republic First Bancorp. Inc.a,b		936,315	$	8,660,914
S&T Bancorp. Inc.		672,050		24,099,713
Sandy Spring Bancorp. Inc.		458,803		18,654,930
Seacoast Banking Corp. of Floridaa,b		774,111		18,656,075
ServisFirst Bancshares Inc.		903,019		33,312,371
Shore Bancshares Inc.		244,904		4,028,671
Sierra Bancorp.		238,534		5,856,010
Simmons First National Corp. Class A		585,798		30,988,714
SmartFinancial Inc.a		138,583		3,309,362
South State Corp.		559,576		47,955,663
Southern First Bancshares Inc.a,b		125,424		4,646,959
Southern National Bancorp. of Virginia Inc.		359,439		6,326,126
Southside Bancshares Inc.		536,441		18,743,249
Southwest Bancorp. Inc.		344,902		8,812,246
State Bank Financial Corp.		726,788		19,710,491
Sterling Bancorp./DE		2,553,637		59,372,060
Stock Yards Bancorp. Inc.		422,792		16,446,609
Stonegate Bank		271,534		12,539,440
Summit Financial Group Inc.		210,494		4,630,868
Sun Bancorp. Inc./NJb		206,292		5,085,098
Sunshine Bancorp. Inc.a,b		142,511		3,036,909
Texas Capital Bancshares Inc.a,b		965,351		74,718,167
Tompkins Financial Corp.		284,346		22,383,717
TowneBank/Portsmouth VA		1,102,871		33,968,427
TriCo Bancshares		397,208		13,961,861
Tristate Capital Holdings Inc.a,b		436,534		11,000,657
Triumph Bancorp. Inc.a,b		295,174		7,246,522
Trustmark Corp.		1,321,784		42,508,573
Two River Bancorp.		139,419		2,591,799
UMB Financial Corp.		876,949		65,648,402
Umpqua Holdings Corp.		4,291,687		78,795,373
Union Bankshares Corp.		836,038		28,341,688
Union Bankshares Inc./Morrisville VTb		81,254		3,859,565
United Bankshares Inc./WV		1,937,825		75,962,740
United Community Banks Inc./GA		1,375,157		38,229,365

359

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
United Security Bancshares/Fresno CA		251,973	$	2,330,750
Unity Bancorp. Inc.		149,215		2,566,498
Univest Corp. of Pennsylvaniab		502,854		15,060,477
Valley National Bancorp.		5,004,374		59,101,657
Veritex Holdings Inc.a,b		277,152		7,297,412
Washington Trust Bancorp. Inc.		295,760		15,246,428
WashingtonFirst Bankshares Inc.		189,102		6,529,692
WesBanco Inc.		815,512		32,245,344
West Bancorp. Inc.		319,607		7,558,706
Westamerica Bancorp.		492,967		27,625,871
Wintrust Financial Corp.		1,074,580		82,140,895
Xenith Bankshares Inc.a,b		99,370		3,086,432
				3,946,911,025
BEVERAGES — 0.24%
Boston Beer Co. Inc. (The) Class Aa,b		174,118		23,009,694
Castle Brands Inc.a,b		1,679,370		2,888,516
Coca-Cola Bottling Co. Consolidatedb		91,167		20,865,391
Craft Brew Alliance Inc.a,b		245,739		4,140,702
MGP Ingredients Inc.b		250,436		12,814,810
National Beverage Corp.b		227,382		21,273,860
Primo Water Corp.a,b		490,127		6,224,613
				91,217,586
BIOTECHNOLOGY — 5.47%
Abeona Therapeutics Inc.a,b		446,382		2,856,845
Acceleron Pharma Inc.a,b		620,639		18,861,219
Achaogen Inc.a		561,096		12,192,616
Achillion Pharmaceuticals Inc.a,b		2,155,723		9,894,769
Acorda Therapeutics Inc.a,b		850,291		16,750,733
Adamas Pharmaceuticals Inc.a,b		268,106		4,689,174
Aduro Biotech Inc.a,b		773,775		8,821,035
Advaxis Inc.a,b		683,988		4,439,082
Agenus Inc.a,b		1,361,210		5,322,331
Aimmune Therapeutics Inc.a,b		655,073		13,468,301
Akebia Therapeutics Inc.a,b		677,822		9,740,302

Security	Shares		Value
Alder Biopharmaceuticals Inc.a,b		866,688	$	9,923,578
AMAG Pharmaceuticals Inc.a,b		699,003		12,861,655
Amicus Therapeutics Inc.a,b		2,779,371		27,988,266
AnaptysBio Inc.a		113,142		2,707,488
Anavex Life Sciences Corp.a,b		703,208		3,741,067
Ardelyx Inc.a,b		663,466		3,383,677
Arena Pharmaceuticals Inc.a,b		628,968		10,610,690
Array BioPharma Inc.a,b		3,352,452		28,060,023
Asterias Biotherapeutics Inc.a,b		503,162		1,786,225
Atara Biotherapeutics Inc.a,b		509,686		7,135,604
Athersys Inc.a,b		1,976,457		2,984,450
Audentes Therapeutics Inc.a,b		295,451		5,651,978
Avexis Inc.a,b		475,814		39,092,878
Axovant Sciences Ltd.a,b		578,955		13,425,966
Bellicum Pharmaceuticals Inc.a,b		521,129		6,086,787
BioCryst Pharmaceuticals Inc.a,b		1,550,724		8,622,025
Biohaven Pharmaceutical Holding Co. Ltd.a		172,352		4,308,800
BioSpecifics Technologies Corp.a,b		112,932		5,591,263
BioTime Inc.a,b		1,545,926		4,869,667
Bluebird Bio Inc.a,b		868,426		91,228,151
Blueprint Medicines Corp.a,b		752,054		38,106,576
Calithera Biosciences Inc.a		592,543		8,799,264
Cara Therapeutics Inc.a,b		517,400		7,962,786
Cascadian Therapeutics Inc.a		663,202		2,463,795
Catalyst Pharmaceuticals Inc.a,b		1,383,869		3,819,478
Celldex Therapeutics Inc.a,b		2,343,110		5,787,482
ChemoCentryx Inc.a,b		471,777		4,415,833
Chimerix Inc.a,b		900,240		4,906,308
Clovis Oncology Inc.a,b		839,189		78,573,266
Coherus Biosciences Inc.a,b		742,817		10,659,424
Conatus Pharmaceuticals Inc.a,b		494,876		2,850,486

360

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Concert Pharmaceuticals Inc.a,b		352,874	$	4,922,592
Corbus Pharmaceuticals Holdings Inc.a		856,709		5,397,267
Corvus Pharmaceuticals Inc.a,b		162,981		1,972,070
Curis Inc.a,b		2,273,254		4,296,450
Cytokinetics Inc.a,b		804,382		9,733,022
CytomX Therapeutics Inc.a,b		562,315		8,715,882
Dyax Corp.a,c		2,384,154		5,459,713
Dynavax Technologies Corp.a,b		950,691		9,174,168
Eagle Pharmaceuticals Inc./DEa,b		159,610		12,591,633
Edge Therapeutics Inc.a,b		384,645		3,946,458
Editas Medicine Inc.a,b		654,033		10,974,674
Emergent BioSolutions Inc.a,b		648,773		21,999,892
Enanta Pharmaceuticals Inc.a,b		309,936		11,151,497
Epizyme Inc.a,b		795,759		12,015,961
Esperion Therapeutics Inc.a,b		288,967		13,373,393
Exact Sciences Corp.a,b		2,126,709		75,221,697
Fate Therapeutics Inc.a,b		737,605		2,389,840
FibroGen Inc.a,b		1,157,565		37,389,349
Five Prime Therapeutics Inc.a,b		533,473		16,062,872
Flexion Therapeutics Inc.a,b		536,761		10,853,307
Fortress Biotech Inc.a,b		642,959		3,054,055
Foundation Medicine Inc.a,b		277,445		11,028,439
Genocea Biosciences Inc.a		553,943		2,891,582
Genomic Health Inc.a,b		382,430		12,448,096
Geron Corp.a,b		2,902,203		8,039,102
Global Blood Therapeutics Inc.a,b		714,610		19,544,583
Halozyme Therapeutics Inc.a,b		2,114,345		27,105,903
Heron Therapeutics Inc.a,b		879,699		12,183,831
Idera Pharmaceuticals Inc.a,b		2,179,099		3,748,050
Ignyta Inc.a,b		967,207		10,010,592
Immune Design Corp.a,b		330,109		3,218,563
ImmunoGen Inc.a,b		1,532,762		10,897,938
Immunomedics Inc.a,b		1,979,483		17,478,835
Inovio Pharmaceuticals Inc.a,b		1,309,496		10,266,449

Security	Shares		Value
Insmed Inc.a,b		1,198,324	$	20,563,240
Insys Therapeutics Inc.a,b		477,178		6,036,302
Intellia Therapeutics Inc.a,b		274,458		4,391,328
Invitae Corp.a,b		753,730		7,205,659
Iovance Biotherapeutics Inc.a,b		1,066,518		7,838,907
Ironwood Pharmaceuticals Inc.a,b		2,608,008		49,239,191
Jounce Therapeutics Inc.a,b		125,884		1,766,153
Karyopharm Therapeutics Inc.a,b		654,304		5,921,451
Keryx Biopharmaceuticals Inc.a,b		1,584,080		11,452,898
Kindred Biosciences Inc.a		407,484		3,504,362
Kite Pharma Inc.a,b		946,694		98,143,767
Kura Oncology Inc.a		275,819		2,565,117
La Jolla Pharmaceutical Co.a,b		338,446		10,075,537
Lexicon Pharmaceuticals Inc.a,b		839,308		13,806,617
Ligand Pharmaceuticals Inc.a,b		397,025		48,198,835
Loxo Oncology Inc.a,b		387,624		31,083,569
MacroGenics Inc.a,b		649,110		11,365,916
Madrigal Pharmaceuticals Inc.a		78,127		1,270,345
Matinas BioPharma Holdings Inc.a,b		1,021,137		1,725,722
MediciNova Inc.a,b		633,660		3,333,052
Merrimack Pharmaceuticals Inc.b		2,616,898		3,244,954
MiMedx Group Inc.a,b		2,005,192		30,017,724
Minerva Neurosciences Inc.a,b		486,700		4,307,295
Miragen Therapeutics Inc.a		244,290		3,158,670
Momenta Pharmaceuticals Inc.a,b		1,421,902		24,030,144
Myriad Genetics Inc.a,b		1,244,195		32,149,999
NantKwest Inc.a,b		591,133		4,486,699
Natera Inc.a,b		607,988		6,602,750
NewLink Genetics Corp.a,b		416,063		3,058,063
Novavax Inc.a,b		5,451,629		6,269,373
Novelion Therapeutics Inc.a		292,624		2,700,920

361

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Nymox Pharmaceutical Corp.a		562,939	$	2,476,932
Oncocyte Corp.a		69,659		362,227
Organovo Holdings Inc.a,b		1,979,471		5,206,009
Otonomy Inc.a,b		545,944		10,291,044
Ovid therapeutics Inc.a,b		97,790		1,025,817
PDL BioPharma Inc.		3,216,242		7,944,118
Pieris Pharmaceuticals Inc.a		664,334		3,361,530
Portola Pharmaceuticals Inc.a,b		961,984		54,034,641
Progenics Pharmaceuticals Inc.a,b		1,388,629		9,428,791
Protagonist Therapeutics Inc.a,b		181,626		2,054,190
Prothena Corp. PLCa,b		743,532		40,239,952
PTC Therapeutics Inc.a,b		610,071		11,182,601
Puma Biotechnology Inc.a,b		556,418		48,630,933
Ra Pharmaceuticals Inc.a,b		227,496		4,263,275
Radius Health Inc.a,b		720,516		32,588,939
Recro Pharma Inc.a		263,626		1,853,291
REGENXBIO Inc.a,b		532,842		10,523,629
Repligen Corp.a,b		663,046		27,476,626
Retrophin Inc.a,b		740,313		14,354,669
Rigel Pharmaceuticals Inc.a,b		2,409,371		6,577,583
Sage Therapeutics Inc.a,b		669,153		53,291,345
Sangamo Therapeutics Inc.a,b		1,308,843		11,517,818
Sarepta Therapeutics Inc.a,b		1,006,197		33,918,901
Selecta Biosciences Inc.a,b		226,675		4,501,766
Seres Therapeutics Inc.a,b		396,072		4,475,614
Spark Therapeutics Inc.a,b		450,207		26,895,366
Spectrum Pharmaceuticals Inc.a,b		1,508,351		11,237,215
Stemline Therapeutics Inc.a,b		448,374		4,125,041
Strongbridge Biopharma PLCa,b		416,745		2,979,727
Syndax Pharmaceuticals Inc.a,b		170,581		2,383,017
Synergy Pharmaceuticals Inc.a,b		4,391,195		19,540,818
Syros Pharmaceuticals Inc.a,b		242,152		3,896,226
TG Therapeutics Inc.a,b		939,705		9,444,035
Tocagen Inc.a		162,542		1,955,380
Trevena Inc.a,b		1,097,279		2,523,742

Security	Shares		Value
Ultragenyx Pharmaceutical Inc.a,b		766,455	$	47,604,520
Vanda Pharmaceuticals Inc.a		852,675		13,898,602
VBI Vaccines Inc.a		419,534		1,824,973
Veracyte Inc.a,b		458,520		3,819,472
Versartis Inc.a,b		625,218		10,910,054
Voyager Therapeutics Inc.a,b		281,862		2,525,484
vTv Therapeutics Inc. Class Aa,b		145,508		723,175
XBiotech Inc.a,b		417,302		1,961,319
Xencor Inc.a,b		737,531		15,569,279
ZIOPHARM Oncology Inc.a,b		2,544,273		15,825,378
				2,055,738,721
BUILDING PRODUCTS — 1.23%
AAON Inc.b		795,192		29,302,825
Advanced Drainage Systems Inc.		662,852		13,323,325
American Woodmark Corp.a		272,691		26,055,625
Apogee Enterprises Inc.		553,944		31,486,177
Armstrong Flooring Inc.a,b		451,494		8,113,347
Builders FirstSource Inc.a,b		1,873,909		28,708,286
Caesarstone Ltd.a,b		439,383		15,400,374
Continental Building Products Inc.a,b		765,238		17,830,046
CSW Industrials Inc.a,b		280,465		10,839,972
Gibraltar Industries Inc.a,b		600,125		21,394,456
Griffon Corp.		584,193		12,823,036
Insteel Industries Inc.b		352,437		11,619,848
JELD-WEN Holding Inc.a		436,060		14,154,508
Masonite International Corp.a,b		576,594		43,532,847
NCI Building Systems Inc.a,b		774,262		12,930,176
Patrick Industries Inc.a,b		315,175		22,960,499
PGT Innovations Inc.a,b		947,446		12,127,309
Ply Gem Holdings Inc.a,b		426,383		7,653,575
Quanex Building Products Corp.		673,095		14,235,959
Simpson Manufacturing Co. Inc.		798,498		34,902,348
Trex Co. Inc.a,b		572,402		38,728,719
Universal Forest Products Inc.		391,078		34,145,020
				462,268,277

362

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
CAPITAL MARKETS — 1.33%
Arlington Asset Investment Corp. Class Ab		348,427	$	4,762,997
Artisan Partners Asset Management Inc. Class A		861,821		26,457,905
Associated Capital Group Inc.		95,652		3,252,168
B. Riley Financial Inc.		281,459		5,221,064
Cohen & Steers Inc.		422,240		17,117,610
Cowen Group Inc. Class Aa,b		501,914		8,156,103
Diamond Hill Investment Group Inc.		61,200		12,203,280
Donnelley Financial Solutions Inc.a		510,416		11,719,151
Evercore Partners Inc. Class A		792,073		55,841,147
Fifth Street Asset Management Inc.		215,078		1,043,128
Financial Engines Inc.		1,133,934		41,501,984
GAIN Capital Holdings Inc.		753,628		4,695,102
GAMCO Investors Inc. Class Ab		96,853		2,866,849
Greenhill & Co. Inc.		530,583		10,664,718
Hamilton Lane Inc. Class A		266,942		5,870,055
Houlihan Lokey Inc.		430,564		15,026,684
INTL. FCStone Inc.a,b		294,055		11,103,517
Investment Technology Group Inc.		522,073		11,088,831
Janus Henderson Group PLCa		1		33
KCG Holdings Inc. Class Aa		865,483		17,257,731
Ladenburg Thalmann Financial Services Inc.a,b		1,959,407		4,780,953
Medley Management Inc.		118,616		771,004
Moelis & Co. Class A		486,182		18,888,171
OM Asset Management PLC		1,070,164		15,902,637
Oppenheimer Holdings Inc. Class A		199,638		3,274,063
Piper Jaffray Companies		278,775		16,712,561
PJT Partners Inc. Class Ab		358,515		14,419,473
Pzena Investment Management Inc. Class A		329,215		3,344,824
Safeguard Scientifics Inc.a,b		388,667		4,625,137

Security	Shares		Value
Silvercrest Asset Management Group Inc.		132,752	$	1,785,514
Stifel Financial Corp.a		1,291,297		59,373,836
Value Line Inc.		22,847		418,100
Virtu Financial Inc. Class Ab		477,597		8,429,587
Virtus Investment Partners Inc.		130,106		14,435,261
Waddell & Reed Financial Inc. Class A		1,538,346		29,043,973
Westwood Holdings Group Inc.		159,183		9,024,084
Wins Finance Holdings Inc.a,b		25,049		5,260,290
WisdomTree Investments Inc.b		2,165,652		22,024,681
				498,364,206
CHEMICALS — 2.13%
A Schulman Inc.		557,090		17,826,880
AdvanSix Inc.a		579,686		18,109,391
AgroFresh Solutions Inc.a,b		455,096		3,267,589
American Vanguard Corp.b		556,291		9,596,020
Balchem Corp.		617,867		48,014,445
Calgon Carbon Corp.		985,878		14,886,758
Chase Corp.		138,558		14,784,139
Codexis Inc.a,b		845,501		4,607,980
Core Molding Technologies Inc.a,b		141,960		3,067,756
Ferro Corp.a,b		1,641,567		30,024,260
Flotek Industries Inc.a,b		1,103,329		9,863,761
FutureFuel Corp.		501,188		7,562,927
GCP Applied Technologies Inc.a,b		1,390,520		42,410,860
Hawkins Inc.		192,763		8,934,565
HB Fuller Co.		982,023		50,191,195
Ingevity Corp.a		824,000		47,297,600
Innophos Holdings Inc.		378,790		16,606,154
Innospec Inc.		467,589		30,650,459
Intrepid Potash Inc.a,b		1,832,023		4,140,372
KMG Chemicals Inc.b		177,891		8,657,955
Koppers Holdings Inc.a		404,150		14,610,022
Kraton Corp.a,b		585,851		20,176,708
Kronos Worldwide Inc.		447,675		8,156,638
LSB Industries Inc.a,b		444,435		4,591,013

363

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Minerals Technologies Inc.b		684,163	$	50,080,732
OMNOVA Solutions Inc.a,b		859,053		8,375,767
PolyOne Corp.		1,559,763		60,425,219
Quaker Chemical Corp.		252,190		36,625,554
Rayonier Advanced Materials Inc.		832,618		13,088,755
Sensient Technologies Corp.		857,958		69,091,358
Stepan Co.		388,994		33,896,937
Trecora Resourcesa,b		374,492		4,213,035
Tredegar Corp.		512,971		7,822,808
Trinseo SA		859,656		59,058,367
Tronox Ltd. Class A		1,259,478		19,043,307
Valhi Inc.		479,250		1,428,165
				801,185,451
COMMERCIAL SERVICES & SUPPLIES — 2.46%
ABM Industries Inc.		1,089,970		45,255,554
ACCO Brands Corp.a,b		2,079,613		24,227,491
Advanced Disposal Services Inc.a		456,465		10,375,449
Aqua Metals Inc.a,b		322,169		4,043,221
ARC Document Solutions Inc.a		816,844		3,398,071
Brady Corp. Class A		906,133		30,717,909
Brink’s Co. (The)		888,377		59,521,259
Casella Waste Systems Inc. Class Aa,b		770,709		12,647,335
CECO Environmental Corp.		603,219		5,537,550
CompX International Inc.		31,669		482,952
Covanta Holding Corp.		2,267,994		29,937,521
Deluxe Corp.		939,243		65,014,400
Ennis Inc.		487,006		9,301,815
Essendant Inc.		725,018		10,752,017
Healthcare Services Group Inc.		1,384,509		64,836,557
Heritage-Crystal Clean Inc.a,b		274,456		4,363,850
Herman Miller Inc.		1,155,989		35,142,066
HNI Corp.		855,287		34,100,293
Hudson Technologies Inc.a,b		709,596		5,996,086
InnerWorkings Inc.a,b		876,393		10,166,159
Interface Inc.		1,205,778		23,693,538
Kimball International Inc. Class B		714,968		11,932,816
Knoll Inc.		948,555		19,018,528

Security	Shares		Value
LSC Communications Inc.		647,050	$	13,846,870
Matthews International Corp. Class A		606,009		37,118,051
McGrath RentCorp		461,826		15,993,034
Mobile Mini Inc.		857,844		25,606,643
MSA Safety Inc.		645,611		52,404,245
Multi-Color Corp.b		267,341		21,815,026
NL Industries Inc.a,b		165,696		1,168,157
Quad/Graphics Inc.		607,784		13,930,409
RR Donnelley & Sons Co.		1,318,973		16,539,921
SP Plus Corp.a,b		339,015		10,356,908
Steelcase Inc. Class A		1,659,069		23,226,966
Team Inc.a,b		578,584		13,567,795
Tetra Tech Inc.		1,107,832		50,683,314
U.S. Ecology Inc.		422,886		21,355,743
UniFirst Corp./MAb		297,794		41,899,616
Viad Corp.		396,681		18,743,177
VSE Corp.		168,752		7,590,465
West Corp.		853,646		19,907,025
				926,215,802
COMMUNICATIONS EQUIPMENT — 1.90%
Acacia Communications Inc.a,b		357,754		14,836,058
ADTRAN Inc.		921,474		19,028,438
Aerohive Networks Inc.a,b		578,963		2,894,815
Applied Optoelectronics Inc.a,b		359,916		22,239,210
CalAmp Corp.a,b		669,923		13,619,534
Calix Inc.a,b		862,328		5,906,947
Ciena Corp.a,b		2,733,235		68,385,540
Clearfield Inc.a,b		227,873		3,007,924
Comtech Telecommunications Corp.		444,813		8,438,103
Digi International Inc.a		515,084		5,228,102
EMCORE Corp.		494,713		5,268,693
Extreme Networks Inc.a,b		2,114,411		19,494,869
Finisar Corp.a,b		2,160,905		56,140,312
Harmonic Inc.a,b		1,540,049		8,085,257
Infinera Corp.a,b		2,803,907		29,917,688
InterDigital Inc./PA		670,826		51,854,850
KVH Industries Inc.a,b		293,956		2,792,582
Lumentum Holdings Inc.a,b		1,180,488		67,346,840
NETGEAR Inc.a		625,010		26,937,931

364

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
NetScout Systems Inc.a,b		1,721,912	$	59,233,773
Oclaro Inc.a,b		3,207,208		29,955,323
Plantronics Inc.		647,815		33,887,203
Quantenna Communications Inc.a,b		408,740		7,766,060
ShoreTel Inc.a,b		1,347,129		7,813,348
Sonus Networks Inc.a,b		910,611		6,774,946
Ubiquiti Networks Inc.a,b		448,042		23,284,743
ViaSat Inc.a,b		1,031,501		68,285,366
Viavi Solutions Inc.a,b		4,434,675		46,697,128
				715,121,583
CONSTRUCTION & ENGINEERING — 1.20%
Aegion Corp.a,b		644,229		14,095,731
Ameresco Inc. Class Aa,b		356,946		2,748,484
Argan Inc.		281,481		16,888,860
Chicago Bridge & Iron Co. NVb		1,950,097		38,475,414
Comfort Systems USA Inc.		713,749		26,480,088
Dycom Industries Inc.a,b		590,807		52,889,043
EMCOR Group Inc.		1,142,269		74,681,547
Granite Construction Inc.		769,152		37,103,892
Great Lakes Dredge & Dock Corp.a,b		1,138,447		4,895,322
HC2 Holdings Inc.a,b		789,252		4,640,802
IES Holdings Inc.a,b		170,318		3,091,272
KBR Inc.		2,785,420		42,394,092
Layne Christensen Co.a,b		353,741		3,109,383
MasTec Inc.a,b		1,294,235		58,434,710
MYR Group Inc.a,b		309,508		9,600,938
Northwest Pipe Co.a		184,427		2,998,783
NV5 Global Inc.a,b		153,319		6,516,058
Orion Group Holdings Inc.a		517,341		3,864,537
Primoris Services Corp.		763,991		19,053,936
Sterling Construction Co. Inc.a,b		499,845		6,532,974
Tutor Perini Corp.a,b		724,594		20,832,078
				449,327,944
CONSTRUCTION MATERIALS — 0.24%
Forterra Inc.a,b		359,520		2,958,850
Summit Materials Inc. Class Aa,b		2,073,842		59,871,818
U.S. Concrete Inc.a,b		295,105		23,180,498
U.S. Lime & Minerals Inc.		42,088		3,302,645
				89,313,811

Security	Shares		Value
CONSUMER FINANCE — 0.59%
Elevate Credit Inc.a		278,798	$	2,208,080
Encore Capital Group Inc.a,b		410,749		16,491,572
Enova International Inc.a,b		640,281		9,508,173
Ezcorp Inc. Class Aa,b		982,322		7,563,879
FirstCash Inc.		919,251		53,592,333
Green Dot Corp. Class Aa		885,394		34,114,231
LendingClub Corp.a,b		6,160,808		33,946,052
Nelnet Inc. Class A		386,374		18,163,442
PRA Group Inc.a,b		889,733		33,720,881
Regional Management Corp.a,b		211,422		4,995,902
World Acceptance Corp.a,b		114,100		8,547,231
				222,851,776
CONTAINERS & PACKAGING — 0.12%
Greif Inc. Class A NVS		494,623		27,590,071
Greif Inc. Class B		108,778		6,570,071
Myers Industries Inc.		447,596		8,034,348
UFP Technologies Inc.a,b		124,468		3,522,445
				45,717,055
DISTRIBUTORS — 0.09%
Core-Mark Holding Co. Inc.		894,653		29,577,228
Weyco Group Inc.		124,157		3,461,497
				33,038,725
DIVERSIFIED CONSUMER SERVICES — 0.89%
Adtalem Global Education Inc.		1,205,430		45,746,068
American Public Education Inc.a		322,407		7,624,926
Ascent Capital Group Inc. Class Aa		211,274		3,245,169
Bridgepoint Education Inc.a,b		357,794		5,281,039
Cambium Learning Group Inc.a,b		265,465		1,345,908
Capella Education Co.		224,744		19,238,086
Career Education Corp.a,b		1,340,794		12,871,622
Carriage Services Inc.		306,325		8,258,522
Chegg Inc.a,b		1,620,133		19,911,435
Collectors Universe Inc.		152,874		3,798,919
Grand Canyon Education Inc.a,b		908,696		71,250,853
Houghton Mifflin Harcourt Co.a,b		2,003,762		24,646,273

365

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
K12 Inc.a,b		669,035	$	11,989,107
Laureate Education Inc. Class Aa,b		688,938		12,077,083
Liberty Tax Inc.		128,259		1,660,954
Regis Corp.a,b		717,891		7,372,741
Sotheby’sa		738,162		39,617,154
Strayer Education Inc.b		207,849		19,375,684
Weight Watchers International Inc.a,b		543,874		18,176,269
				333,487,812
DIVERSIFIED FINANCIAL SERVICES — 0.10%
FNFV Groupa		1,221,304		19,296,603
Marlin Business Services Corp.		174,300		4,383,645
NewStar Financial Inc.b		597,428		6,272,994
On Deck Capital Inc.a,b		1,021,858		4,761,858
Tiptree Inc.b		490,618		3,458,857
				38,173,957
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.74%
ATN International Inc.		201,709		13,804,964
Cincinnati Bell Inc.a,b		813,203		15,898,119
Cogent Communications Holdings Inc.		806,024		32,321,562
Consolidated Communications Holdings Inc.b		960,420		20,620,217
Fairpoint Communications Inc.a		420,696		6,583,892
Frontier Communications Corp.b		22,829,485		26,482,203
General Communication Inc. Class Aa,b		515,509		18,888,250
Globalstar Inc.a,b		8,601,614		18,321,438
Hawaiian Telcom Holdco Inc.a,b		117,047		2,925,005
IDT Corp. Class B		333,522		4,792,711
Intelsat SAa,b		750,198		2,295,606
Iridium Communications Inc.a,b		1,617,667		17,875,220
Lumos Networks Corp.a		426,115		7,614,675
Ooma Inc.a,b		327,774		2,622,192
ORBCOMM Inc.a,b		1,285,673		14,528,105
pdvWireless Inc.a,b		186,824		4,352,999

Security	Shares		Value
Straight Path Communications Inc. Class Ba,b		166,475	$	29,907,234
Vonage Holdings Corp.a,b		3,870,074		25,310,284
Windstream Holdings Inc.		3,691,984		14,324,898
				279,469,574
ELECTRIC UTILITIES — 1.10%
ALLETE Inc.		991,360		71,060,685
El Paso Electric Co.		783,363		40,499,867
Genie Energy Ltd. Class B		297,640		2,268,017
IDACORP Inc.		978,909		83,549,883
MGE Energy Inc.		677,060		43,568,811
Otter Tail Corp.		761,862		30,169,735
PNM Resources Inc.		1,546,267		59,144,713
Portland General Electric Co.		1,733,367		79,197,538
Spark Energy Inc. Class Ab		223,324		4,198,491
				413,657,740
ELECTRICAL EQUIPMENT — 0.69%
Allied Motion Technologies Inc.b		136,458		3,714,387
Atkore International Group Inc.a		635,143		14,322,475
AZZ Inc.		503,825		28,113,435
Babcock & Wilcox Enterprises Inc.a,b		958,969		11,277,475
Encore Wire Corp.		397,193		16,960,141
Energous Corp.a,b		364,580		5,928,071
EnerSys		845,547		61,259,880
Generac Holdings Inc.a,b		1,192,121		43,071,332
General Cable Corp.		960,440		15,703,194
LSI Industries Inc.		497,240		4,500,022
Plug Power Inc.a,b		4,032,303		8,225,898
Powell Industries Inc.		176,852		5,657,496
Preformed Line Products Co.		59,122		2,744,443
Revolution Lighting Technologies Inc.a		238,280		1,570,265
Sunrun Inc.a,b		1,645,651		11,717,035
Thermon Group Holdings Inc.a,b		632,176		12,118,814
TPI Composites Inc.a,b		206,822		3,822,071
Vicor Corp.a		338,556		6,060,152
Vivint Solar Inc.a,b		504,177		2,949,435
				259,716,021

366

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.83%
Akoustis Technologies Inc.a,b		159,455	$	1,393,637
Anixter International Inc.a		562,340		43,974,988
AVX Corp.		882,436		14,419,004
Badger Meter Inc.		543,656		21,664,692
Bel Fuse Inc. Class B		197,892		4,887,932
Belden Inc.b		815,126		61,484,954
Benchmark Electronics Inc.a,b		968,649		31,287,363
Control4 Corp.a,b		472,595		9,267,588
CTS Corp.		630,677		13,622,623
Daktronics Inc.		687,662		6,622,185
Electro Scientific Industries Inc.a		610,886		5,033,701
ePlus Inc.a		254,320		18,845,112
Fabrineta,b		702,906		29,985,970
FARO Technologies Inc.a,b		321,000		12,133,800
Fitbit Inc. Class Aa,b		3,379,922		17,947,386
II-VI Inc.a,b		1,175,360		40,314,848
Insight Enterprises Inc.a		690,100		27,597,099
Iteris Inc.a,b		455,970		2,836,133
Itron Inc.a		663,874		44,977,464
Kemet Corp.a,b		884,105		11,316,544
Kimball Electronics Inc.a,b		514,142		9,280,263
Knowles Corp.a,b		1,707,838		28,896,619
Littelfuse Inc.		436,070		71,951,550
Maxwell Technologies Inc.a,b		698,716		4,185,309
Mesa Laboratories Inc.b		61,797		8,856,128
Methode Electronics Inc.		693,514		28,572,777
Microvision Inc.a		1,319,567		2,797,482
MTS Systems Corp.		330,930		17,142,174
NAPCO Security Technologies Inc.a,b		230,383		2,165,600
Novanta Inc.a		620,469		22,336,884
OSI Systems Inc.a,b		337,148		25,336,672
Park Electrochemical Corp.		388,255		7,151,657
PC Connection Inc.		231,333		6,259,871
PCM Inc.a,b		194,375		3,644,531
Plexus Corp.a,b		650,559		34,199,887
RadiSys Corp.a,b		791,052		2,974,356
Rogers Corp.a		352,537		38,292,569
Sanmina Corp.a		1,438,972		54,824,833
ScanSource Inc.a		487,958		19,664,707
SYNNEX Corp.		562,071		67,426,037

Security	Shares		Value
Systemax Inc.		222,224	$	4,177,811
Tech Data Corp.a,b		679,607		68,640,307
TTM Technologies Inc.a,b		1,789,293		31,062,127
VeriFone Systems Inc.a,b		2,155,553		39,015,509
Vishay Intertechnology Inc.		2,609,025		43,309,815
Vishay Precision Group Inc.a,b		196,663		3,402,270
				1,065,180,768
ENERGY EQUIPMENT & SERVICES — 1.47%
Archrock Inc.		1,353,597		15,431,006
Atwood Oceanics Inc.a,b		1,486,280		12,113,182
Basic Energy Services Inc.a		314,458		7,830,004
Bristow Group Inc.		626,896		4,795,754
C&J Energy Services Inc.a		897,927		30,771,958
CARBO Ceramics Inc.a,b		450,284		3,084,445
Diamond Offshore Drilling Inc.a,b		1,251,643		13,555,294
Dril-Quip Inc.a		732,993		35,770,058
Ensco PLC Class Ab		5,897,849		30,432,901
Era Group Inc.a,b		387,492		3,665,674
Exterran Corp.a		627,974		16,766,906
Fairmount Santrol Holdings Inc.a,b		3,003,410		11,713,299
Forum Energy Technologies Inc.a,b		1,336,396		20,847,778
Frank’s International NVb		884,932		7,336,086
Geospace Technologies Corp.a,b		249,659		3,452,784
Gulf Island Fabrication Inc.		264,207		3,064,801
Helix Energy Solutions Group Inc.a,b		2,739,284		15,449,562
Independence Contract Drilling Inc.a,b		684,091		2,661,114
Keane Group Inc.a,b		609,050		9,744,800
Key Energy Services Inc.a		199,691		3,842,055
Mammoth Energy Services Inc.a,b		173,192		3,221,371
Matrix Service Co.a		508,161		4,751,305
McDermott International Inc.a,b		5,485,420		39,330,462
Natural Gas Services Group Inc.a,b		251,822		6,257,777
NCS Multistage Holdings Inc.a,b		213,557		5,377,365

367

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Newpark Resources Inc.a,b		1,692,200	$	12,437,670
Noble Corp. PLC		4,725,395		17,105,930
Oil States International Inc.a,b		994,622		27,003,987
Parker Drilling Co.a,b		2,577,224		3,479,252
PHI Inc. NVSa,b		224,576		2,191,862
Pioneer Energy Services Corp.a,b		1,619,798		3,320,586
ProPetro Holding Corp.a		442,011		6,170,474
RigNet Inc.a,b		268,695		4,312,555
Rowan Companies PLC Class Aa		2,257,362		23,115,387
SEACOR Holdings Inc.a,b		312,193		10,708,220
SEACOR Marine Holdings Inc.a		324,401		6,604,804
Select Energy Services Inc. Class Aa		75,260		914,409
Smart Sand Inc.a,b		365,832		3,259,563
Solaris Oilfield Infrastructure Inc. Class Aa,b		195,610		2,255,383
Superior Energy Services Inc.a		2,946,389		30,730,837
Tesco Corp.a,b		967,206		4,304,067
TETRA Technologies Inc.a,b		2,291,886		6,394,362
U.S. Silica Holdings Inc.		1,582,183		56,151,675
Unit Corp.a,b		1,017,090		19,050,096
Willbros Group Inc.a,b		978,548		2,417,014
				553,195,874
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 6.91%
Acadia Realty Trustb		1,627,390		45,241,442
Agree Realty Corp.		492,700		22,600,149
Alexander’s Inc.b		40,530		17,081,774
Altisource Residential Corp.b		921,687		11,926,630
American Assets Trust Inc.		769,076		30,293,904
Armada Hoffler Properties Inc.b		865,956		11,214,130
Ashford Hospitality Prime Inc.b		516,890		5,318,798
Ashford Hospitality Trust Inc.b		1,489,389		9,055,485
Bluerock Residential Growth REIT Inc.b		444,964		5,735,586
Care Capital Properties Inc.		1,095,795		29,257,726

Security	Shares		Value
CareTrust REIT Inc.b		1,396,149	$	25,884,602
CatchMark Timber Trust Inc. Class Ab		775,615		8,818,743
CBL & Associates Properties Inc.b		3,386,481		28,548,035
Cedar Realty Trust Inc.b		1,670,833		8,103,540
Chatham Lodging Trustb		694,481		13,952,123
Chesapeake Lodging Trustb		1,150,823		28,160,639
City Office REIT Inc.b		572,608		7,272,122
Clipper Realty Inc.b		289,513		3,572,590
Colony Starwood Homesb		1,957,864		67,174,314
Community Healthcare Trust Inc.b		249,646		6,388,441
CorEnergy Infrastructure Trust Inc.b		230,475		7,741,655
Cousins Properties Inc.b		8,099,363		71,193,401
DiamondRock Hospitality Co.		3,875,131		42,432,684
Easterly Government Properties Inc.b		741,239		15,528,957
EastGroup Properties Inc.b		643,119		53,893,372
Education Realty Trust Inc.b		1,424,386		55,194,957
Farmland Partners Inc.		617,203		5,517,795
FelCor Lodging Trust Inc.b		2,496,925		18,002,829
First Industrial Realty Trust Inc.		2,255,559		64,554,099
First Potomac Realty Trustb		1,128,258		12,534,946
Four Corners Property Trust Inc.b		1,172,124		29,432,034
Franklin Street Properties Corp.		2,053,191		22,749,356
GEO Group Inc. (The)b		2,371,459		70,124,043
Getty Realty Corp.b		532,194		13,358,069
Gladstone Commercial Corp.b		480,035		10,459,963
Global Medical REIT Inc.b		286,312		2,559,629
Global Net Lease Inc.b		1,296,936		28,843,857
Government Properties Income Trustb		1,101,921		20,176,174
Gramercy Property Trustb		2,931,071		87,082,119
Healthcare Realty Trust Inc.b		2,246,492		76,717,702
Hersha Hospitality Trustb		751,590		13,911,931
Independence Realty Trust Inc.b		1,092,383		10,781,820

368

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
InfraREIT Inc.a,b		822,265	$	15,746,375
Investors Real Estate Trustb		2,371,774		14,728,717
iStar Inc.a,b		1,372,903		16,529,752
Jernigan Capital Inc.b		179,029		3,938,638
Kite Realty Group Trustb		1,622,187		30,708,000
LaSalle Hotel Propertiesb		2,205,083		65,711,473
Lexington Realty Trustb		4,197,053		41,592,795
LTC Properties Inc.b		762,372		39,178,297
Mack-Cali Realty Corp.b		1,763,202		47,853,302
MedEquities Realty Trust Inc.b		554,979		7,003,835
Monmouth Real Estate Investment Corp.		1,343,988		20,227,019
Monogram Residential Trust Inc.b		3,262,114		31,675,127
National Health Investors Inc.b		769,737		60,963,170
National Storage Affiliates Trustb		858,251		19,834,181
New Senior Investment Group Inc.b		1,594,255		16,022,263
NexPoint Residential Trust Inc.b		333,303		8,295,912
NorthStar Realty Europe Corp.b		1,054,614		13,372,506
One Liberty Properties Inc.		289,853		6,791,256
Parkway Inc.b		833,351		19,075,404
Pebblebrook Hotel Trustb		1,334,203		43,014,705
Pennsylvania REITb		1,341,046		15,180,641
Physicians Realty Trustb		2,957,270		59,559,418
Potlatch Corp.b		783,783		35,818,883
Preferred Apartment Communities Inc. Class Ab		591,108		9,309,951
PS Business Parks Inc.b		382,964		50,700,604
QTS Realty Trust Inc. Class Ab		909,927		47,616,480
Quality Care Properties Inc.a,b		1,829,523		33,498,566
RAIT Financial Trustb		1,551,451		3,397,678
Ramco-Gershenson Properties Trustb		1,487,683		19,191,111
Retail Opportunity Investments Corp.		2,097,956		40,259,776

Security	Shares		Value
Rexford Industrial Realty Inc.b		1,282,370	$	35,188,233
RLJ Lodging Trustb		2,383,199		47,354,164
Ryman Hospitality Properties Inc.b		853,651		54,642,201
Sabra Health Care REIT Inc.b		1,248,997		30,100,828
Saul Centers Inc.		215,827		12,513,649
Select Income REIT		1,226,974		29,484,185
Seritage Growth Properties Class Ab		491,632		20,623,962
STAG Industrial Inc.b		1,730,800		47,770,080
Summit Hotel Properties Inc.b		1,981,559		36,956,075
Sunstone Hotel Investors Inc.b		4,280,399		69,000,032
Terreno Realty Corp.b		948,783		31,936,036
Tier REIT Inc.b		941,721		17,403,004
UMH Properties Inc.b		539,364		9,196,156
Universal Health Realty Income Trustb		238,093		18,937,917
Urban Edge Propertiesb		1,892,435		44,907,483
Urstadt Biddle Properties Inc. Class A		485,663		9,616,127
Washington Prime Group Inc.b		3,654,424		30,587,529
Washington REITb		1,495,952		47,720,869
Whitestone REITb		712,492		8,728,027
Xenia Hotels & Resorts Inc.		2,085,255		40,391,389
				2,598,245,946
FOOD & STAPLES RETAILING — 0.52%
Andersons Inc. (The)		522,674		17,849,317
Chefs’ Warehouse Inc. (The)a,b		379,856		4,938,128
Ingles Markets Inc. Class A		271,917		9,054,836
Natural Grocers by Vitamin Cottage Inc.a,b		174,773		1,445,373
Performance Food Group Co.a,b		1,352,971		37,071,405
PriceSmart Inc.		420,446		36,831,070
Smart & Final Stores Inc.a,b		445,617		4,055,115
SpartanNash Co.		733,842		19,050,538
SUPERVALU Inc.a,b		5,278,920		17,367,647

369

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
United Natural Foods Inc.a,b		984,566	$	36,133,572
Village Super Market Inc. Class A		155,038		4,018,585
Weis Markets Inc.		192,367		9,372,120
				197,187,706
FOOD PRODUCTS — 1.29%
Alico Inc.		64,063		2,005,172
Amplify Snack Brands Inc.a,b		658,807		6,350,899
B&G Foods Inc.		1,273,242		45,327,415
Cal-Maine Foods Inc.a,b		602,764		23,869,454
Calavo Growers Inc.		313,441		21,643,101
Darling Ingredients Inc.a		3,180,150		50,055,561
Dean Foods Co.		1,761,242		29,941,114
Farmer Bros. Co.a,b		168,102		5,085,086
Fresh Del Monte Produce Inc.		643,720		32,771,785
Freshpet Inc.a,b		474,690		7,879,854
Hostess Brands Inc.a		1,548,541		24,931,510
J&J Snack Foods Corp.		294,079		38,839,014
John B Sanfilippo & Son Inc.		170,439		10,756,405
Lancaster Colony Corp.		364,431		44,686,529
Landec Corp.a,b		533,543		7,923,114
Lifeway Foods Inc.a,b		90,513		845,391
Limoneira Co.		243,779		5,760,498
Omega Protein Corp.		444,300		7,952,970
Sanderson Farms Inc.b		390,347		45,143,631
Seneca Foods Corp. Class Aa,b		140,145		4,351,502
Snyder’s-Lance Inc.		1,666,881		57,707,420
Tootsie Roll Industries Inc.b		327,769		11,422,750
				485,250,175
GAS UTILITIES — 1.24%
Chesapeake Utilities Corp.		307,697		23,061,890
Delta Natural Gas Co. Inc.		135,002		4,113,511
New Jersey Resources Corp.		1,665,748		66,130,196
Northwest Natural Gas Co.		550,676		32,957,959
ONE Gas Inc.		1,011,663		70,624,194
RGC Resources Inc.		129,379		3,665,307
South Jersey Industries Inc.		1,547,147		52,866,013
Southwest Gas Holdings Inc.		924,940		67,576,116
Spire Inc.		914,910		63,814,972
WGL Holdings Inc.		993,056		82,850,662
				467,660,820

Security	Shares		Value
HEALTH CARE EQUIPMENT & SUPPLIES — 3.79%
Abaxis Inc.		419,069	$	22,219,038
Accuray Inc.a,b		1,606,196		7,629,431
Analogic Corp.		245,828		17,859,404
AngioDynamics Inc.a,b		707,180		11,463,388
Anika Therapeutics Inc.a,b		286,051		14,113,756
Antares Pharma Inc.a		2,779,471		8,949,897
AtriCure Inc.a,b		624,371		15,140,997
Atrion Corp.		27,436		17,649,579
AxoGen Inc.a,b		537,684		9,006,207
Cantel Medical Corp.		706,629		55,053,465
Cardiovascular Systems Inc.a,b		618,475		19,933,449
Cerus Corp.a,b		1,997,946		5,014,844
ConforMIS Inc.a,b		841,932		3,611,888
CONMED Corp.		531,685		27,084,034
Corindus Vascular Robotics Inc.a,b		1,623,355		3,019,440
CryoLife Inc.a		633,417		12,636,669
Cutera Inc.a,b		262,510		6,799,009
Endologix Inc.a,b		1,592,577		7,739,924
Entellus Medical Inc.a,b		234,620		3,885,307
Exactech Inc.a,b		210,952		6,286,370
Fonar Corp.a,b		118,013		3,274,861
GenMark Diagnostics Inc.a,b		857,685		10,146,413
Glaukos Corp.a,b		554,446		22,992,876
Globus Medical Inc. Class Aa,b		1,374,285		45,557,548
Haemonetics Corp.a,b		1,017,057		40,163,581
Halyard Health Inc.a		905,769		35,578,606
ICU Medical Inc.a,b		291,282		50,246,145
Inogen Inc.a,b		329,685		31,458,543
Insulet Corp.a,b		1,126,113		57,780,858
Integer Holdings Corp.a,b		601,687		26,022,963
Integra LifeSciences Holdings Corp.a,b		1,193,417		65,053,161
Invacare Corp.		626,343		8,267,728
iRhythm Technologies Inc.a,b		267,016		11,345,510
K2M Group Holdings Inc.a,b		785,354		19,131,223
Lantheus Holdings Inc.a		503,997		8,895,547
LeMaitre Vascular Inc.		287,275		8,968,725
LivaNova PLCa,b		939,286		57,493,696
Masimo Corp.a		868,691		79,207,245

370

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Meridian Bioscience Inc.b		824,041	$	12,978,646
Merit Medical Systems Inc.a		949,471		36,222,319
Natus Medical Inc.a,b		628,011		23,424,810
Neogen Corp.a,b		718,747		49,672,605
Nevro Corp.a,b		536,483		39,930,430
Novocure Ltd.a,b		1,118,300		19,346,590
NuVasive Inc.a,b		983,188		75,626,821
NxStage Medical Inc.a		1,267,045		31,764,818
Obalon Therapeutics Inc.a,b		166,612		1,651,125
OraSure Technologies Inc.a,b		1,114,143		19,230,108
Orthofix International NVa,b		336,662		15,648,050
Oxford Immunotec Global PLCa,b		453,741		7,631,924
Penumbra Inc.a,b		560,021		49,141,843
Pulse Biosciences Inc.a,b		156,670		5,409,815
Quidel Corp.a,b		537,400		14,585,036
Quotient Ltd.a,b		517,242		3,806,901
Rockwell Medical Inc.a,b		951,017		7,541,565
RTI Surgical Inc.a,b		1,087,315		6,360,793
Sientra Inc.a,b		256,051		2,488,816
Spectranetics Corp. (The)a,b		839,780		32,247,552
STAAR Surgical Co.a,b		799,078		8,630,042
Surmodics Inc.a		260,769		7,340,647
Tactile Systems Technology Inc.a,b		176,946		5,057,117
Utah Medical Products Inc.		65,593		4,748,933
Varex Imaging Corp.a		728,942		24,638,239
ViewRay Inc.a,b		566,229		3,663,502
Viveve Medical Inc.a		289,920		2,081,626
Wright Medical Group NVa,b		2,026,332		55,703,867
				1,423,255,865
HEALTH CARE PROVIDERS & SERVICES — 2.14%
AAC Holdings Inc.a,b		252,940		1,752,874
Aceto Corp.		574,545		8,876,720
Addus HomeCare Corp.a,b		154,001		5,728,837
Almost Family Inc.a,b		241,403		14,882,495
Amedisys Inc.a,b		551,759		34,655,983
American Renal Associates Holdings Inc.a,b		198,431		3,680,895
AMN Healthcare Services Inc.a,b		923,292		36,054,553
BioScrip Inc.a,b		1,847,647		5,016,362
BioTelemetry Inc.a		542,885		18,159,503

Security	Shares		Value
Capital Senior Living Corp.a,b		475,729	$	7,235,838
Chemed Corp.		304,799		62,340,540
Civitas Solutions Inc.a,b		324,528		5,679,240
Community Health Systems Inc.a,b		1,843,189		18,358,162
CorVel Corp.a		183,481		8,706,174
Cross Country Healthcare Inc.a,b		688,541		8,889,064
Diplomat Pharmacy Inc.a,b		928,083		13,735,628
Ensign Group Inc. (The)		936,174		20,380,508
Genesis Healthcare Inc.a,b		705,653		1,227,836
HealthEquity Inc.a,b		965,152		48,093,524
HealthSouth Corp.		1,730,675		83,764,670
Kindred Healthcare Inc.		1,646,728		19,184,381
Landauer Inc.		176,182		9,214,319
LHC Group Inc.a,b		304,927		20,701,494
Magellan Health Inc.a		462,798		33,737,974
Molina Healthcare Inc.a,b		854,767		59,132,781
National Healthcare Corp.		220,661		15,477,163
National Research Corp. Class A		183,378		4,932,868
Owens & Minor Inc.		1,177,468		37,902,695
PharMerica Corp.a,b		582,369		15,287,186
Providence Service Corp. (The)a		225,780		11,426,726
R1 RCM Inc.a		1,940,261		7,275,979
RadNet Inc.a		728,160		5,643,240
Select Medical Holdings Corp.a		2,094,281		32,147,213
Surgery Partners Inc.a,b		377,518		8,588,535
Teladoc Inc.a,b		1,041,627		36,144,457
Tenet Healthcare Corp.a,b		1,573,071		30,423,193
Tivity Health Inc.a,b		707,441		28,191,524
Triple-S Management Corp. Class Ba		466,704		7,891,965
U.S. Physical Therapy Inc.		234,306		14,152,082
				804,675,181
HEALTH CARE TECHNOLOGY — 0.82%
Allscripts Healthcare Solutions Inc.a,b		3,514,974		44,851,068
Castlight Health Inc.a,b		1,238,853		5,141,240
Computer Programs & Systems Inc.b		223,492		7,330,538

371

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Cotiviti Holdings Inc.a,b		514,958	$	19,125,540
Evolent Health Inc.a,b		746,801		18,931,405
HealthStream Inc.a,b		498,485		13,120,125
HMS Holdings Corp.a,b		1,624,499		30,053,231
Inovalon Holdings Inc. Class Aa,b		1,212,920		15,949,898
Medidata Solutions Inc.a,b		1,092,028		85,396,589
NantHealth Inc.a,b		345,126		1,459,883
Omnicell Inc.a,b		715,687		30,846,110
Quality Systems Inc.a		1,024,051		17,623,918
Simulations Plus Inc.		211,476		2,611,729
Tabula Rasa HealthCare Inc.a,b		180,361		2,714,433
Vocera Communications Inc.a,b		541,504		14,306,536
				309,462,243
HOTELS, RESTAURANTS & LEISURE — 3.28%
Belmond Ltd. Class Aa,b		1,733,247		23,052,185
Biglari Holdings Inc.a,b		19,635		7,848,895
BJ’s Restaurants Inc.a,b		414,182		15,428,280
Bloomin’ Brands Inc.		1,927,408		40,918,872
Bob Evans Farms Inc./DE		383,929		27,577,620
Bojangles’ Inc.a,b		335,671		5,454,654
Boyd Gaming Corp.		1,612,941		40,017,066
Brinker International Inc.		952,193		36,278,553
Buffalo Wild Wings Inc.a,b		301,564		38,208,159
Caesars Acquisition Co. Class Aa,b		945,559		18,012,899
Caesars Entertainment Corp.a,b		1,112,667		13,352,004
Carrols Restaurant Group Inc.a		668,493		8,189,039
Century Casinos Inc.a,b		428,906		3,161,037
Cheesecake Factory Inc. (The)		869,737		43,747,771
Churchill Downs Inc.		263,574		48,313,114
Chuy’s Holdings Inc.a,b		335,486		7,850,372
ClubCorp Holdings Inc.		1,264,800		16,568,880
Cracker Barrel Old Country Store Inc.b		372,483		62,297,782
Dave & Buster’s Entertainment Inc.a,b		815,015		54,206,648
Del Frisco’s Restaurant Group Inc.a,b		438,419		7,058,546

Security	Shares		Value
Del Taco Restaurants Inc.a,b		638,565	$	8,780,269
Denny’s Corp.a,b		1,327,216		15,621,332
DineEquity Inc.		333,384		14,685,565
Drive Shack Inc.		1,257,097		3,959,856
El Pollo Loco Holdings Inc.a,b		393,825		5,454,476
Eldorado Resorts Inc.a,b		893,210		17,864,200
Empire Resorts Inc.a,b		65,403		1,563,132
Fiesta Restaurant Group Inc.a,b		514,046		10,615,050
Fogo De Chao Inc.a,b		182,449		2,536,041
Golden Entertainment Inc.a		202,889		4,201,831
Habit Restaurants Inc. (The)a,b		391,054		6,178,653
ILG Inc.		2,060,718		56,649,138
Inspired Entertainment Inc.a		76,771		998,023
International Speedway Corp. Class A		498,828		18,730,991
Intrawest Resorts Holdings Inc.a,b		247,740		5,881,348
J Alexander’s Holdings Inc.a,b		255,488		3,129,728
Jack in the Box Inc.		613,329		60,412,906
La Quinta Holdings Inc.a,b		1,580,468		23,343,512
Lindblad Expeditions Holdings Inc.a,b		388,309		4,077,245
Marcus Corp. (The)		365,943		11,051,479
Marriott Vacations Worldwide Corp.		424,797		50,019,847
Monarch Casino & Resort Inc.a,b		212,601		6,431,180
Nathan’s Famous Inc.a,b		59,260		3,733,380
Noodles & Co.a,b		211,111		823,333
Papa John’s International Inc.		527,990		37,888,562
Penn National Gaming Inc.a,b		1,562,493		33,437,350
Pinnacle Entertainment Inc.a,b		991,936		19,600,655
Planet Fitness Inc. Class Ab		1,605,432		37,470,783
Potbelly Corp.a,b		453,961		5,220,552
RCI Hospitality Holdings Inc.		175,631		4,187,043
Red Lion Hotels Corp.a,b		343,880		2,527,518
Red Robin Gourmet Burgers Inc.a,b		249,349		16,270,022
Red Rock Resorts Inc. Class A		1,315,480		30,979,554

372

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Ruby Tuesday Inc.a,b		1,142,069	$	2,295,559
Ruth’s Hospitality Group Inc.		577,893		12,569,173
Scientific Games Corp. Class Aa,b		1,048,343		27,361,752
SeaWorld Entertainment Inc.		1,325,585		21,567,268
Shake Shack Inc. Class Aa,b		424,906		14,820,721
Sonic Corp.		796,148		21,089,961
Speedway Motorsports Inc.		227,929		4,164,263
Texas Roadhouse Inc.		1,296,783		66,071,094
Wingstop Inc.b		562,370		17,377,233
Zoe’s Kitchen Inc.a,b		372,076		4,431,425
				1,233,615,379
HOUSEHOLD DURABLES — 1.47%
AV Homes Inc.a,b		248,791		4,988,260
Bassett Furniture Industries Inc.		202,190		7,673,110
Beazer Homes USA Inc.a,b		625,938		8,587,869
Cavco Industries Inc.a		165,715		21,484,950
Century Communities Inc.a		337,263		8,364,122
CSS Industries Inc.		170,156		4,451,281
Ethan Allen Interiors Inc.		490,487		15,842,730
Flexsteel Industries Inc.		147,292		7,969,970
GoPro Inc. Class Aa,b		2,070,464		16,832,872
Green Brick Partners Inc.a,b		449,533		5,147,153
Helen of Troy Ltd.a,b		528,145		49,698,444
Hooker Furniture Corp.		224,555		9,240,438
Hovnanian Enterprises Inc. Class Aa,b		2,378,600		6,660,080
Installed Building Products Inc.a,b		417,968		22,131,406
iRobot Corp.a,b		512,581		43,128,565
KB Homeb		1,625,709		38,968,245
La-Z-Boy Inc.		935,394		30,400,305
LGI Homes Inc.a,b		334,832		13,453,550
Libbey Inc.		421,643		3,398,443
Lifetime Brands Inc.		188,891		3,428,372
M/I Homes Inc.a,b		461,948		13,188,615
MDC Holdings Inc.		805,841		28,470,363
Meritage Homes Corp.a,b		745,824		31,473,773
NACCO Industries Inc. Class A		79,013		5,598,071
New Home Co. Inc. (The)a,b		249,599		2,862,901
PICO Holdings Inc.a,b		439,497		7,691,197

Security	Shares		Value
Taylor Morrison Home Corp. Class Aa,b		1,184,149	$	28,431,417
TopBuild Corp.a,b		715,152		37,953,117
TRI Pointe Group Inc.a,b		3,048,625		40,211,364
UCP Inc. Class Aa		153,486		1,680,672
Universal Electronics Inc.a,b		274,239		18,332,877
William Lyon Homes Class Aa,b		469,583		11,335,734
ZAGG Inc.a,b		527,690		4,564,518
				553,644,784
HOUSEHOLD PRODUCTS — 0.28%
Central Garden & Pet Co.a,b		211,627		6,727,622
Central Garden & Pet Co. Class Aa		683,550		20,520,171
HRG Group Inc.a,b		2,315,047		40,999,483
Oil-Dri Corp. of America		96,532		4,055,309
Orchids Paper Products Co.b		171,227		2,217,390
WD-40 Co.		267,717		29,542,571
				104,062,546
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.43%
Atlantic Power Corp.a		2,219,477		5,326,745
Dynegy Inc.a,b		2,140,804		17,704,449
NRG Yield Inc. Class A		685,137		11,688,437
NRG Yield Inc. Class C		1,245,993		21,929,477
Ormat Technologies Inc.b		768,273		45,082,259
Pattern Energy Group Inc.		1,363,171		32,497,997
TerraForm Global Inc. Class Aa		1,705,958		8,615,088
TerraForm Power Inc.a,b		1,562,149		18,745,788
				161,590,240
INDUSTRIAL CONGLOMERATES — 0.06%
Raven Industries Inc.		689,342		22,955,089
				22,955,089
INSURANCE — 2.40%
Ambac Financial Group Inc.a,b		642,232		11,142,725
American Equity Investment Life Holding Co.		1,378,830		36,235,652
AMERISAFE Inc.		386,058		21,986,003
AmTrust Financial Services Inc.		1,649,953		24,980,288

373

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Argo Group International Holdings Ltd.		561,799	$	34,045,019
Atlas Financial Holdings Inc.a,b		225,905		3,365,985
Baldwin & Lyons Inc. Class B		193,710		4,745,895
Blue Capital Reinsurance Holdings Ltd.		115,571		2,114,949
Citizens Inc./TXa,b		914,804		6,751,254
CNO Financial Group Inc.		3,060,096		63,894,805
Crawford & Co. Class B		240,927		2,240,621
Donegal Group Inc. Class A		188,950		3,004,305
eHealth Inc.a		301,370		5,665,756
EMC Insurance Group Inc.		167,869		4,663,401
Employers Holdings Inc.		615,790		26,047,917
Enstar Group Ltd.a		217,799		43,265,771
FBL Financial Group Inc. Class A		194,513		11,962,550
Federated National Holding Co.		242,825		3,885,200
Fidelity & Guaranty Lifeb		221,308		6,871,613
Genworth Financial Inc. Class Aa		9,373,157		35,336,802
Global Indemnity Ltd.a,b		162,056		6,282,911
Greenlight Capital Re Ltd. Class Aa,b		593,669		12,407,682
Hallmark Financial Services Inc.a,b		267,232		3,011,705
HCI Group Inc.		153,627		7,217,397
Health Insurance Innovations Inc.a		216,445		5,086,458
Heritage Insurance Holdings Inc.		530,869		6,911,914
Horace Mann Educators Corp.		799,173		30,208,739
Independence Holding Co.		134,829		2,757,253
Infinity Property & Casualty Corp.		208,890		19,635,660
Investors Title Co.		29,652		5,735,883
James River Group Holdings Ltd.		349,052		13,867,836
Kemper Corp.		767,887		29,640,438
Kingstone Companies Inc.		175,468		2,684,660
Kinsale Capital Group Inc.b		279,903		10,443,181
Maiden Holdings Ltd.		1,313,174		14,576,231

Security	Shares		Value
MBIA Inc.a,b		2,428,498	$	22,900,736
National General Holdings Corp.		954,793		20,146,132
National Western Life Group Inc.b		44,913		14,355,093
Navigators Group Inc. (The)		398,850		21,896,865
NI Holdings Inc.a		199,120		3,560,266
OneBeacon Insurance Group Ltd. Class A		405,031		7,383,715
Primerica Inc.		881,323		66,760,217
RLI Corp.		752,260		41,088,441
Safety Insurance Group Inc.		236,964		16,184,641
Selective Insurance Group Inc.		1,120,874		56,099,744
State Auto Financial Corp.		307,032		7,899,933
State National Companies Inc.		571,120		10,497,186
Stewart Information Services Corp.		408,275		18,527,520
Third Point Reinsurance Ltd.a,b		1,487,089		20,670,537
Trupanion Inc.a,b		434,579		9,725,878
United Fire Group Inc.		408,901		18,016,178
United Insurance Holdings Corp.		330,128		5,192,914
Universal Insurance Holdings Inc.		614,157		15,476,756
WMIH Corp.a,b		3,748,946		4,686,183
				903,743,394
INTERNET & DIRECT MARKETING RETAIL — 0.53%
1-800-Flowers.com Inc. Class Aa,b		499,815		4,873,196
Duluth Holdings Inc.a,b		178,672		3,253,617
Etsy Inc.a,b		2,241,206		33,618,090
FTD Companies Inc.a		334,198		6,683,960
Gaia Inc.a,b		173,075		1,938,440
Groupon Inc.a,b		6,573,029		25,240,431
HSN Inc.		627,498		20,017,186
Lands’ End Inc.a,b		257,322		3,834,098
Liberty TripAdvisor Holdings Inc. Class Aa,b		1,427,534		16,559,395
NutriSystem Inc.		578,184		30,094,477
Overstock.com Inc.a,b		324,991		5,297,353

374

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
PetMed Express Inc.		366,505	$	14,880,103
Shutterfly Inc.a,b		659,453		31,324,018
				197,614,364
INTERNET SOFTWARE & SERVICES — 2.93%
2U Inc.a,b		848,065		39,791,210
Actua Corp.a,b		581,436		8,169,176
Alarm.com Holdings Inc.a,b		393,196		14,795,966
Alteryx Inc. Class Aa		172,009		3,357,616
Amber Road Inc.a,b		395,390		3,388,492
Angie’s List Inc.a,b		791,170		10,119,064
Appfolio Inc.a,b		155,878		5,081,623
Apptio Inc. Class Aa,b		343,656		5,962,432
Bankrate Inc.a,b		914,717		11,754,113
Bazaarvoice Inc.a,b		1,633,123		8,083,959
Benefitfocus Inc.a,b		307,635		11,182,532
Blucora Inc.a,b		799,532		16,950,078
Box Inc. Class Aa,b		1,520,860		27,740,486
Brightcove Inc.a,b		694,871		4,308,200
Carbonite Inc.a,b		478,405		10,429,229
Care.com Inc.a,b		259,968		3,925,517
Cars.com Inc.a		1,393,266		37,102,674
ChannelAdvisor Corp.a,b		501,866		5,796,552
Cimpress NVa,b		483,822		45,735,694
Cloudera Inc.a		269,645		4,319,713
CommerceHub Inc. Series Aa		265,595		4,626,665
CommerceHub Inc. Series Ca		562,351		9,807,401
Cornerstone OnDemand Inc.a,b		1,008,748		36,062,741
Coupa Software Inc.a		577,023		16,722,127
DHI Group Inc.a,b		1,058,154		3,015,739
Endurance International Group Holdings Inc.a,b		1,123,356		9,380,023
Envestnet Inc.a,b		834,282		33,037,567
Five9 Inc.a,b		1,009,309		21,720,330
Global Sources Ltd.a		155,178		3,103,560
Gogo Inc.a,b		1,120,140		12,915,214
GrubHub Inc.a,b		1,664,259		72,561,692
GTT Communications Inc.a,b		599,681		18,979,904
Hortonworks Inc.a,b		926,779		11,936,914
Instructure Inc.a,b		411,491		12,138,985
Internap Corp.a		1,545,511		5,672,025
j2 Global Inc.		900,153		76,594,019

Security	Shares		Value
Leaf Group Ltd.a,b		229,179	$	1,787,596
Limelight Networks Inc.a,b		1,468,654		4,244,410
Liquidity Services Inc.a,b		538,275		3,418,046
LivePerson Inc.a,b		1,025,385		11,279,235
Meet Group Inc. (The)a,b		1,296,608		6,547,870
MINDBODY Inc. Class Aa,b		713,196		19,398,931
MuleSoft Inc. Class Aa		292,175		7,286,845
New Relic Inc.a,b		567,546		24,410,153
NIC Inc.		1,248,448		23,658,090
Nutanix Inc. Class Aa,b		673,487		13,570,763
Okta Inc.a		215,088		4,904,006
Ominto Inc.a		274,445		4,185,286
Q2 Holdings Inc.a,b		606,804		22,421,408
QuinStreet Inc.a,b		783,723		3,268,125
Quotient Technology Inc.a,b		1,426,696		16,407,004
Reis Inc.		188,385		4,003,181
Rightside Group Ltd.a,b		218,774		2,323,380
Rocket Fuel Inc.a,b		684,363		1,881,998
Shutterstock Inc.a,b		359,488		15,846,231
SPS Commerce Inc.a,b		326,961		20,847,033
Stamps.com Inc.a,b		306,687		47,498,149
TechTarget Inc.a,b		379,893		3,939,490
Trade Desk Inc. (The) Class Aa,b		335,574		16,815,613
TrueCar Inc.a,b		1,212,282		24,160,780
Tucows Inc. Class Aa,b		174,121		9,315,474
Twilio Inc. Class Aa,b		1,202,942		35,017,642
Veritone Inc.a		48,905		572,678
Web.com Group Inc.a,b		743,390		18,807,767
WebMD Health Corp.a,b		716,245		42,007,769
Xactly Corp.a,b		500,996		7,840,587
XO Group Inc.a,b		485,796		8,559,726
Yelp Inc.a		1,503,126		45,123,843
Yext Inc.a,b		234,556		3,126,631
				1,100,744,972
IT SERVICES — 1.98%
Acxiom Corp.a		1,513,506		39,320,886
Blackhawk Network Holdings Inc.a,b		1,059,451		46,192,064
CACI International Inc. Class Aa,b		475,745		59,491,912
CardConnect Corp.a		296,389		4,460,654
Cardtronics PLC Class Aa		887,061		29,148,824

375

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Cass Information Systems Inc.		216,015	$	14,179,225
Convergys Corp.		1,820,289		43,286,472
CSG Systems International Inc.		648,819		26,329,075
EPAM Systems Inc.a,b		952,357		80,083,700
Everi Holdings Inc.a,b		1,232,134		8,969,935
EVERTEC Inc.		1,171,823		20,272,538
ExlService Holdings Inc.a,b		633,960		35,235,497
Forrester Research Inc.		198,559		7,773,585
Hackett Group Inc. (The)		479,181		7,427,305
Information Services Group Inc.a,b		612,440		2,517,128
ManTech International Corp./VA Class A		498,921		20,645,351
MAXIMUS Inc.		1,244,316		77,931,511
MoneyGram International Inc.a,b		584,198		10,077,415
NCI Inc. Class Aa		134,393		2,835,692
NeuStar Inc. Class Aa,b		331,105		11,042,352
Perficient Inc.a,b		664,834		12,392,506
Planet Payment Inc.a		821,340		2,710,422
Presidio Inc.a,b		367,619		5,260,628
Science Applications International Corp.		848,497		58,902,662
ServiceSource International Inc.a,b		1,467,528		5,694,009
StarTek Inc.a,b		196,548		2,405,748
Sykes Enterprises Inc.a,b		761,762		25,541,880
Syntel Inc.b		640,400		10,861,184
TeleTech Holdings Inc.		269,122		10,980,178
Travelport Worldwide Ltd.		2,404,817		33,090,282
Unisys Corp.a,b		971,813		12,439,206
Virtusa Corp.a,b		535,864		15,754,402
				743,254,228
LEISURE PRODUCTS — 0.38%
Acushnet Holdings Corp.b		454,265		9,012,618
American Outdoor Brands Corp.a,b		1,093,110		24,223,318
Black Diamond Inc.a,b		397,392		2,642,657
Callaway Golf Co.		1,830,705		23,396,410
Escalade Inc.		200,567		2,627,428

Security	Shares		Value
Johnson Outdoors Inc. Class A		98,753	$	4,760,882
Malibu Boats Inc. Class Aa,b		345,951		8,949,752
Marine Products Corp.		157,999		2,466,364
MCBC Holdings Inc.a		356,032		6,960,426
Nautilus Inc.a,b		590,355		11,305,298
Sturm Ruger & Co. Inc.b		332,287		20,651,637
Vista Outdoor Inc.a,b		1,106,458		24,906,369
				141,903,159
LIFE SCIENCES TOOLS & SERVICES — 0.85%
Accelerate Diagnostics Inc.a,b		504,411		13,795,641
Albany Molecular Research Inc.a,b		502,136		10,896,351
Cambrex Corp.a,b		632,762		37,807,529
Enzo Biochem Inc.a,b		797,418		8,803,495
Fluidigm Corp.a,b		605,065		2,444,463
INC Research Holdings Inc. Class Aa,b		1,057,502		61,863,867
Luminex Corp.		790,109		16,687,102
Medpace Holdings Inc.a,b		142,522		4,133,138
NanoString Technologies Inc.a,b		343,293		5,678,066
NeoGenomics Inc.a,b		1,080,359		9,680,017
Pacific Biosciences of California Inc.a,b		1,634,550		5,818,998
PAREXEL International Corp.a		974,288		84,675,370
PRA Health Sciences Inc.a		750,623		56,304,231
				318,588,268
MACHINERY — 3.53%
Actuant Corp. Class Ab		1,164,703		28,651,694
Alamo Group Inc.		183,729		16,684,430
Albany International Corp. Class A		545,054		29,105,884
Altra Industrial Motion Corp.		545,184		21,698,323
American Railcar Industries Inc.b		140,693		5,388,542
Astec Industries Inc.		412,695		22,908,699
Barnes Group Inc.		973,622		56,986,096
Blue Bird Corp.a,b		151,438		2,574,446
Briggs & Stratton Corp.		808,426		19,483,067
Chart Industries Inc.a,b		593,900		20,626,147
CIRCOR International Inc.b		319,963		18,999,403

376

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Columbus McKinnon Corp./NY		375,699	$	9,550,269
Commercial Vehicle Group Inc.a,b		486,999		4,115,142
DMC Global Inc.		285,614		3,741,543
Douglas Dynamics Inc.		427,858		14,076,528
Eastern Co. (The)		108,034		3,246,422
Energy Recovery Inc.a,b		738,111		6,118,940
EnPro Industries Inc.		409,851		29,251,066
ESCO Technologies Inc.		494,652		29,505,992
ExOne Co. (The)a,b		236,289		2,705,509
Federal Signal Corp.		1,161,721		20,167,477
Franklin Electric Co. Inc.		901,524		37,323,094
FreightCar America Inc.		253,005		4,399,757
Gencor Industries Inc.a,b		169,323		2,743,033
Global Brass & Copper Holdings Inc.		428,974		13,105,156
Gorman-Rupp Co. (The)		350,989		8,939,690
Graham Corp.		199,570		3,923,546
Greenbrier Companies Inc. (The)		535,346		24,759,752
Hardinge Inc.		230,517		2,863,021
Harsco Corp.a		1,575,350		25,363,135
Hillenbrand Inc.		1,226,691		44,283,545
Hurco Companies Inc.		120,799		4,197,765
Hyster-Yale Materials Handling Inc.		199,864		14,040,446
John Bean Technologies Corp.		608,452		59,628,296
Kadant Inc.		212,543		15,983,234
Kennametal Inc.		1,560,890		58,408,504
LB Foster Co. Class A		161,092		3,455,423
Lindsay Corp.b		207,342		18,505,273
Lydall Inc.a		325,869		16,847,427
Manitowoc Co. Inc. (The)a,b		2,468,430		14,835,264
Meritor Inc.a,b		1,635,476		27,165,256
Milacron Holdings Corp.a,b		868,469		15,276,370
Miller Industries Inc./TN		223,909		5,564,139
Mueller Industries Inc.		1,093,020		33,282,459
Mueller Water Products Inc. Class A		2,985,892		34,875,219
Navistar International Corp.a,b		963,337		25,268,330

Security	Shares		Value
NN Inc.		530,470	$	14,561,401
Omega Flex Inc.		60,829		3,917,388
Park-Ohio Holdings Corp.		175,991		6,705,257
Proto Labs Inc.a,b		480,521		32,315,037
RBC Bearings Inc.a,b		448,305		45,619,517
REV Group Inc.		247,451		6,849,444
Rexnord Corp.a,b		2,016,602		46,885,996
Spartan Motors Inc.		679,445		6,013,088
SPX Corp.a		826,377		20,791,645
SPX FLOW Inc.a		802,289		29,588,418
Standex International Corp.		244,205		22,149,393
Sun Hydraulics Corp.		459,019		19,586,341
Supreme Industries Inc. Class A		273,643		4,501,427
Tennant Co.		342,409		25,269,784
Titan International Inc.b		964,656		11,585,519
TriMas Corp.a,b		893,242		18,624,096
Twin Disc Inc.a		165,142		2,665,392
Wabash National Corp.b		1,155,716		25,402,638
Watts Water Technologies Inc. Class A		539,287		34,082,938
Woodward Inc.		1,034,892		69,938,001
				1,327,675,473
MARINE — 0.13%
Costamare Inc.		707,632		5,172,790
Eagle Bulk Shipping Inc.a,b		743,394		3,516,254
Genco Shipping & Trading Ltd.a,b		148,643		1,407,649
Matson Inc.		829,777		24,926,501
Navios Maritime Holdings Inc.a,b		1,737,213		2,379,982
Safe Bulkers Inc.a,b		930,970		2,131,921
Scorpio Bulkers Inc.a,b		1,137,734		8,077,911
				47,613,008
MEDIA — 1.37%
AMC Entertainment Holdings Inc. Class A		1,071,090		24,367,298
Beasley Broadcast Group Inc. Class A		94,381		924,934
Central European Media Enterprises Ltd. Class Aa,b		1,596,400		6,385,600
Clear Channel Outdoor Holdings Inc. Class A		691,057		3,351,626

377

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Daily Journal Corp.a,b		21,953	$	4,528,465
Emerald Expositions Events Inc.		302,929		6,634,145
Entercom Communications Corp. Class Ab		538,479		5,573,258
Entravision Communications Corp. Class A		1,279,605		8,445,393
Eros International PLCa,b		527,510		6,039,990
EW Scripps Co. (The) Class Aa,b		1,120,434		19,954,930
Gannett Co. Inc.		2,214,221		19,308,007
Global Eagle Entertainment Inc.a,b		1,042,136		3,710,004
Gray Television Inc.a,b		1,239,932		16,987,068
Hemisphere Media Group Inc.a,b		301,839		3,576,792
IMAX Corp.a,b		1,117,331		24,581,282
Liberty Media Corp.-Liberty Braves Class Aa,b		195,487		4,670,184
Liberty Media Corp.-Liberty Braves Class Ca,b		664,356		15,924,613
Loral Space & Communications Inc.a,b		255,795		10,628,282
MDC Partners Inc. Class A		1,104,336		10,932,926
Meredith Corp.		766,567		45,572,408
MSG Networks Inc. Class Aa,b		1,160,440		26,051,878
National CineMedia Inc.		1,208,796		8,969,266
New Media Investment Group Inc.		990,524		13,352,264
New York Times Co. (The) Class A		2,443,553		43,250,888
Nexstar Media Group Inc. Class A		880,245		52,638,651
Reading International Inc. Class Aa		323,891		5,224,362
Saga Communications Inc. Class A		78,908		3,610,041
Salem Media Group Inc. Class A		260,400		1,848,840
Scholastic Corp.		548,289		23,899,918
Sinclair Broadcast Group Inc. Class A		1,398,877		46,023,053

Security	Shares		Value
Time Inc.		1,939,549	$	27,832,528
Townsquare Media Inc. Class Aa,b		178,851		1,831,434
tronc Inc.a		372,383		4,800,017
World Wrestling Entertainment Inc. Class Ab		741,048		15,095,148
				516,525,493
METALS & MINING — 1.30%
AK Steel Holding Corp.a,b		6,102,098		40,090,784
Allegheny Technologies Inc.b		2,065,780		35,138,918
Ampco-Pittsburgh Corp.		175,206		2,584,289
Carpenter Technology Corp.		889,182		33,282,082
Century Aluminum Co.a,b		961,152		14,974,748
Cliffs Natural Resources Inc.a,b		5,772,728		39,947,278
Coeur Mining Inc.a,b		3,524,086		30,236,658
Commercial Metals Co.		2,239,640		43,516,205
Compass Minerals International Inc.		655,947		42,833,339
Ferroglobe PLC		1,314,890		13
Gerber Scientific Inc. Escrowa,c		276,144		2,761
Gold Resource Corp.b		1,027,476		4,192,102
Handy & Harman Ltd.a		55,055		1,728,727
Haynes International Inc.		240,607		8,736,440
Hecla Mining Co.b		7,635,075		38,938,882
Kaiser Aluminum Corp.		325,807		28,840,436
Klondex Mines Ltd.a		3,403,502		11,469,802
Materion Corp.		380,261		14,221,761
Olympic Steel Inc.		175,920		3,426,922
Ramaco Resources Inc.a,b		118,793		718,698
Ryerson Holding Corp.a,b		309,731		3,066,337
Schnitzer Steel Industries Inc. Class A		517,761		13,047,577
SunCoke Energy Inc.a		1,278,209		13,932,478
TimkenSteel Corp.a		784,719		12,061,131
Warrior Met Coal Inc.b		325,785		5,580,697
Worthington Industries Inc.		877,168		44,051,377
				486,620,442
MORTGAGE REAL ESTATE INVESTMENT — 0.88%
AG Mortgage Investment Trust Inc.b		545,613		9,984,718

378

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Anworth Mortgage Asset Corp.b		1,847,608	$	11,104,124
Apollo Commercial Real Estate Finance Inc.b		1,781,748		33,051,425
Ares Commercial Real Estate Corp.		531,411		6,956,170
ARMOUR Residential REIT Inc.b		707,617		17,690,425
Capstead Mortgage Corp.b		1,920,546		20,031,295
Cherry Hill Mortgage Investment Corp.b		230,249		4,252,699
CYS Investments Inc.b		2,934,380		24,678,136
Dynex Capital Inc.b		893,949		6,347,038
Ellington Residential Mortgage REIT		160,806		2,357,416
Great Ajax Corp.		317,429		4,437,657
Hannon Armstrong Sustainable Infrastructure Capital Inc.b		943,568		21,579,400
Invesco Mortgage Capital Inc.b		2,178,194		36,397,622
KKR Real Estate Finance Trust Inc.		200,252		4,305,418
Ladder Capital Corp.b		1,406,816		18,865,403
MTGE Investment Corp.		886,525		16,666,670
New York Mortgage Trust Inc.b		2,265,615		14,092,125
Orchid Island Capital Inc.b		674,215		6,647,760
Owens Realty Mortgage Inc.b		195,341		3,312,983
PennyMac Mortgage Investment Trustd		1,281,570		23,439,915
Redwood Trust Inc.b		1,484,117		25,289,354
Resource Capital Corp.b		625,710		6,363,471
Sutherland Asset Management Corp.		341,875		5,076,844
Western Asset Mortgage Capital Corp.b		803,327		8,274,268
				331,202,336
MULTI-UTILITIES — 0.52%
Avista Corp.		1,259,052		53,459,348
Black Hills Corp.		1,036,486		69,931,710
NorthWestern Corp.		943,825		57,592,202
Unitil Corp.		272,766		13,177,325
				194,160,585

Security	Shares		Value
MULTILINE RETAIL — 0.36%
Big Lots Inc.b		871,072	$	42,072,777
Dillard’s Inc. Class A		293,256		16,917,939
Fred’s Inc. Class Ab		715,107		6,600,438
JC Penney Co. Inc.a,b		6,003,015		27,914,020
Ollie’s Bargain Outlet Holdings Inc.a,b		921,630		39,261,438
Sears Holdings Corp.a,b		219,664		1,946,223
				134,712,835
OIL, GAS & CONSUMABLE FUELS — 2.15%
Abraxas Petroleum Corp.a		2,972,533		4,815,503
Adams Resources & Energy Inc.		42,770		1,756,992
Alon USA Energy Inc.		627,241		8,354,850
Approach Resources Inc.a		832,415		2,805,239
Arch Coal Inc. Class Ab		423,993		28,958,722
Ardmore Shipping Corp.b		539,942		4,400,527
Bill Barrett Corp.a,b		1,461,943		4,488,165
Bonanza Creek Energy Inc.a		377,144		11,959,236
California Resources Corp.a,b		825,530		7,058,282
Callon Petroleum Co.a,b		3,904,886		41,430,841
Carrizo Oil & Gas Inc.a,b		1,209,200		21,064,264
Clean Energy Fuels Corp.a,b		2,643,186		6,713,692
Cloud Peak Energy Inc.a,b		1,430,825		5,050,812
Contango Oil & Gas Co.a,b		472,183		3,135,295
CVR Energy Inc.b		305,995		6,658,451
Delek U.S. Holdings Inc.		1,206,644		31,903,667
Denbury Resources Inc.a		7,700,407		11,781,623
DHT Holdings Inc.		1,494,209		6,200,967
Dorian LPG Ltd.a,b		365,646		2,990,984
Earthstone Energy Inc. Class Aa,b		190,986		1,911,770
Eclipse Resources Corp.a,b		1,691,959		4,839,003
Energy XXI Gulf Coast Inc.a		572,259		10,626,850
EP Energy Corp. Class Aa,b		798,725		2,923,334
Evolution Petroleum Corp.		524,619		4,249,414
Frontline Ltd./Bermudab		1,490,977		8,543,298
GasLog Ltd.		808,637		12,331,714
Gastar Exploration Inc.a		3,377,248		3,127,332
Gener8 Maritime Inc.a,b		913,934		5,200,284
Golar LNG Ltd.b		1,861,441		41,417,062
Green Plains Inc.		749,908		15,410,609
Halcon Resources Corp.a		1,182,494		5,368,523

379

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Hallador Energy Co.		310,408	$	2,411,870
International Seaways Inc.a,b		555,290		12,033,134
Isramco Inc.a,b		13,986		1,599,998
Jagged Peak Energy Inc.a,b		625,389		8,348,943
Jones Energy Inc. Class Aa,b		884,116		1,414,586
Lilis Energy Inc.a,b		827,609		4,055,284
Matador Resources Co.a,b		1,740,124		37,186,450
Midstates Petroleum Co. Inc.a		216,465		2,742,612
Navios Maritime Acquisition Corp.		1,616,200		2,375,814
Nordic American Tankers Ltd.b		1,955,139		12,395,581
Oasis Petroleum Inc.a,b		4,558,963		36,699,652
Overseas Shipholding Group Inc. Series Aa		942,448		2,506,912
Pacific Ethanol Inc.a,b		795,984		4,974,900
Panhandle Oil and Gas Inc. Class A		313,325		7,237,808
Par Pacific Holdings Inc.a,b		647,103		11,673,738
PDC Energy Inc.a,b		1,280,546		55,204,338
Peabody Energy Corp.a		950,713		23,244,933
Penn Virginia Corp.a,b		276,023		10,143,845
PetroCorp Inc. Escrowc		26,106		—
Renewable Energy Group Inc.a,b		736,496		9,537,623
Resolute Energy Corp.a		419,901		12,500,453
REX American Resources Corp.a,b		112,988		10,910,121
Ring Energy Inc.a,b		878,669		11,422,697
Rosehill Resources Inc.a		48,783		406,850
Sanchez Energy Corp.a,b		1,383,217		9,931,498
SandRidge Energy Inc.a		675,537		11,625,992
Scorpio Tankers Inc.		3,244,537		12,880,812
SemGroup Corp. Class A		1,292,959		34,909,893
Ship Finance International Ltd.		1,160,023		15,776,313
SilverBow Resources Inc.a		134,981		3,531,103
SRC Energy Inc.a,b		3,891,358		26,188,839
Stone Energy Corp.a,b		377,475		6,937,991
Teekay Corp.b		1,045,752		6,975,166
Teekay Tankers Ltd. Class A		2,236,509		4,204,637
Tellurian Inc.a,b		1,072,879		10,760,976

Security	Shares		Value
Ultra Petroleum Corp.a		3,775,594	$	40,965,195
Uranium Energy Corp.a		2,640,491		4,198,381
W&T Offshore Inc.a,b		1,815,021		3,557,441
Westmoreland Coal Co.a,b		351,217		1,710,427
WildHorse Resource Development Corp.a,b		391,873		4,847,469
				807,507,580
PAPER & FOREST PRODUCTS — 0.60%
Boise Cascade Co.a,b		749,300		22,778,720
Clearwater Paper Corp.a,b		313,674		14,664,259
Deltic Timber Corp.b		212,475		15,863,383
KapStone Paper and Packaging Corp.		1,689,673		34,857,954
Louisiana-Pacific Corp.a		2,818,044		67,943,041
Neenah Paper Inc.		325,511		26,122,258
PH Glatfelter Co.		857,094		16,747,617
Schweitzer-Mauduit International Inc.		596,459		22,206,169
Verso Corp. Class Aa		652,345		3,059,498
				224,242,899
PERSONAL PRODUCTS — 0.17%
elf Beauty Inc.a,b		400,827		10,906,503
Inter Parfums Inc.		338,182		12,394,370
Medifast Inc.		208,208		8,634,386
Natural Health Trends Corp.b		142,951		3,981,185
Nature’s Sunshine Products Inc.		207,891		2,754,556
Nutraceutical International Corp.		159,290		6,634,428
Revlon Inc. Class Aa,b		238,054		5,641,880
USANA Health Sciences Inc.a,b		224,656		14,400,450
				65,347,758
PHARMACEUTICALS — 2.01%
Aclaris Therapeutics Inc.a,b		390,167		10,581,329
Aerie Pharmaceuticals Inc.a,b		588,093		30,904,287
Amphastar Pharmaceuticals Inc.a,b		702,770		12,551,472
ANI Pharmaceuticals Inc.a,b		155,405		7,272,954
Aratana Therapeutics Inc.a,b		784,282		5,670,359
Assembly Biosciences Inc.a,b		271,258		5,601,478
Catalent Inc.a		2,436,741		85,529,609
Cempra Inc.a,b		954,304		4,389,798

380

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Clearside Biomedical Inc.a,b		400,180	$	3,645,640
Collegium Pharmaceutical Inc.a,b		438,905		5,490,702
Corcept Therapeutics Inc.a,b		1,764,851		20,825,242
Corium International Inc.a,b		385,036		2,872,369
Depomed Inc.a,b		1,105,305		11,870,976
Dermira Inc.a,b		737,982		21,504,795
DURECT Corp.a,b		2,764,606		4,312,785
Heska Corp.a,b		125,032		12,762,016
Horizon Pharma PLCa,b		3,159,699		37,505,627
Impax Laboratories Inc.a		1,432,149		23,057,599
Innoviva Inc.a		1,470,243		18,819,110
Intersect ENT Inc.a,b		487,273		13,619,280
Intra-Cellular Therapies Inc.a,b		652,546		8,104,621
Lannett Co. Inc.a,b		557,844		11,380,018
Medicines Co. (The)a,b		1,336,431		50,797,742
MyoKardia Inc.a,b		334,407		4,380,732
Nektar Therapeuticsa,b		2,870,476		56,117,806
Neos Therapeutics Inc.a,b		389,342		2,842,197
Ocular Therapeutix Inc.a,b		453,356		4,202,610
Omeros Corp.a,b		811,194		16,146,817
Pacira Pharmaceuticals Inc./DEa,b		760,887		36,294,310
Paratek Pharmaceuticals Inc.a,b		456,314		10,997,167
Phibro Animal Health Corp. Series A		370,233		13,717,133
Prestige Brands Holdings Inc.a,b		1,020,302		53,882,149
Reata Pharmaceuticals Inc. Series Aa,b		164,790		5,213,956
Revance Therapeutics Inc.a,b		434,324		11,466,154
SciClone Pharmaceuticals Inc.a		1,026,249		11,288,739
Sucampo Pharmaceuticals Inc. Class Aa,b		487,087		5,114,414
Supernus Pharmaceuticals Inc.a,b		917,818		39,557,956
Teligent Inc.a,b		827,875		7,575,056
Tetraphase Pharmaceuticals Inc.a,b		725,311		5,171,467
TherapeuticsMD Inc.a,b		3,022,667		15,929,455

Security	Shares		Value
Theravance Biopharma Inc.a,b		808,672	$	32,217,492
WaVe Life Sciences Ltd.a,b		224,345		4,172,817
Zogenix Inc.a,b		493,273		7,152,458
Zynerba Pharmaceuticals Inc.a,b		220,669		3,744,753
				756,255,446
PROFESSIONAL SERVICES — 1.26%
Acacia Research Corp.a		777,464		3,187,602
Advisory Board Co. (The)a,b		782,661		40,307,042
Barrett Business Services Inc.		136,969		7,846,954
BG Staffing Inc.		133,961		2,328,242
CBIZ Inc.a,b		990,452		14,856,780
Cogint Inc.a,b		386,065		1,949,628
CRA International Inc.		167,719		6,091,554
Exponent Inc.		496,839		28,965,714
Franklin Covey Co.a,b		197,196		3,805,883
FTI Consulting Inc.a,b		797,796		27,890,948
GP Strategies Corp.a,b		244,847		6,463,961
Heidrick & Struggles International Inc.		352,508		7,667,049
Hill International Inc.a,b		703,790		3,659,708
Huron Consulting Group Inc.a,b		429,215		18,542,088
ICF International Inc.a,b		347,287		16,357,218
Insperity Inc.		354,702		25,183,842
Kelly Services Inc. Class A		599,854		13,466,722
Kforce Inc.		454,310		8,904,476
Korn/Ferry International		991,773		34,245,922
Mistras Group Inc.a,b		342,237		7,518,947
Navigant Consulting Inc.a		913,578		18,052,301
On Assignment Inc.a,b		983,814		53,273,528
Pendrell Corp.a		231,689		1,675,112
Resources Connection Inc.		553,362		7,581,059
RPX Corp.a		875,152		12,208,370
TriNet Group Inc.a,b		791,961		25,928,803
TrueBlue Inc.a,b		813,622		21,560,983
WageWorks Inc.a,b		725,425		48,748,560
Willdan Group Inc.a		146,042		4,461,583
				472,730,579
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.50%
Alexander & Baldwin Inc.		893,240		36,962,271

381

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Altisource Portfolio Solutions SAa,b		229,795	$	5,014,127
Consolidated-Tomoka Land Co.b		80,791		4,601,047
Forestar Group Inc.a		712,262		12,215,293
FRP Holdings Inc.a,b		129,655		5,983,578
Griffin Industrial Realty Inc.		14,229		446,364
HFF Inc. Class A		717,694		24,954,220
Kennedy-Wilson Holdings Inc.		1,612,440		30,716,982
Marcus & Millichap Inc.a,b		310,549		8,186,072
Maui Land & Pineapple Co. Inc.a,b		129,951		2,638,005
RE/MAX Holdings Inc. Class A		343,940		19,277,837
RMR Group Inc. (The) Class A		141,384		6,878,332
St. Joe Co. (The)a,b		957,588		17,954,775
Stratus Properties Inc.b		121,869		3,582,949
Tejon Ranch Co.a,b		287,955		5,943,391
Transcontinental Realty Investors Inc.a,b		32,467		873,038
Trinity Place Holdings Inc.a,b		392,965		2,793,981
				189,022,262
ROAD & RAIL — 0.73%
ArcBest Corp.		501,696		10,334,938
Avis Budget Group Inc.a,b		1,449,272		39,521,647
Covenant Transportation Group Inc. Class Aa,b		247,305		4,335,257
Daseke Inc.a		396,342		4,411,286
Heartland Express Inc.b		915,840		19,067,789
Hertz Global Holdings Inc.a		1,105,461		12,712,802
Knight Transportation Inc.b		1,416,689		52,488,327
Marten Transport Ltd.		451,056		12,358,934
Roadrunner Transportation Systems Inc.a,b		628,160		4,566,723
Saia Inc.a,b		484,529		24,856,338
Schneider National Inc. Class B		630,408		14,102,227
Swift Transportation Co.a,b		1,408,864		37,334,896
Universal Logistics Holdings Inc.		181,428		2,721,420
Werner Enterprises Inc.		923,677		27,109,920

Security	Shares		Value
YRC Worldwide Inc.a,b		667,171	$	7,418,942
				273,341,446
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.08%
Advanced Energy Industries Inc.a		769,540		49,781,543
Alpha & Omega Semiconductor Ltd.a,b		367,716		6,129,826
Ambarella Inc.a,b		629,618		30,567,954
Amkor Technology Inc.a,b		1,981,712		19,361,326
Axcelis Technologies Inc.a		552,817		11,581,516
AXT Inc.a,b		681,067		4,324,775
Brooks Automation Inc.		1,304,587		28,296,492
Cabot Microelectronics Corp.		482,281		35,606,806
CEVA Inc.a,b		415,172		18,869,567
Cirrus Logic Inc.a		1,249,654		78,378,299
Cohu Inc.		519,313		8,173,987
Cree Inc.a,b		1,890,090		46,590,719
Cyberoptics Corp.a,b		132,961		2,745,645
Diodes Inc.a		739,371		17,767,085
DSP Group Inc.a,b		432,560		5,017,696
Entegris Inc.a		2,723,173		59,773,647
FormFactor Inc.a,b		1,343,931		16,664,744
GSI Technology Inc.a,b		275,900		2,168,574
Ichor Holdings Ltd.a,b		226,533		4,566,905
Impinj Inc.a,b		348,732		16,965,812
Inphi Corp.a,b		813,810		27,913,683
Integrated Device Technology Inc.a,b		2,595,872		66,947,539
IXYS Corp.		502,297		8,262,786
Kopin Corp.a,b		1,173,123		4,352,286
Lattice Semiconductor Corp.a,b		2,378,497		15,840,790
MACOM Technology Solutions Holdings Inc.a,b		785,471		43,805,718
MaxLinear Inc.a,b		1,165,517		32,506,269
MKS Instruments Inc.		1,044,329		70,283,342
Monolithic Power Systems Inc.		766,555		73,895,902
Nanometrics Inc.a,b		466,622		11,800,870
NeoPhotonics Corp.a,b		636,400		4,913,008
NVE Corp.		92,615		7,131,355
PDF Solutions Inc.a,b		540,618		8,893,166

382

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Photronics Inc.a,b		1,323,278	$	12,438,813
Pixelworks Inc.a		551,596		2,531,826
Power Integrations Inc.		546,985		39,875,207
Rambus Inc.a,b		2,158,840		24,675,541
Rudolph Technologies Inc.a,b		604,846		13,820,731
Semtech Corp.a,b		1,256,393		44,916,050
Sigma Designs Inc.a,b		750,707		4,391,636
Silicon Laboratories Inc.a,b		803,218		54,899,950
SunPower Corp.a,b		1,156,241		10,799,291
Synaptics Inc.a,b		667,537		34,518,338
Ultra Clean Holdings Inc.a		637,532		11,953,725
Veeco Instruments Inc.a,b		913,916		25,452,561
Xcerra Corp.a		1,048,803		10,246,805
Xperi Corp.		948,167		28,255,377
				1,158,655,483
SOFTWARE — 3.64%
8x8 Inc.a		1,710,280		24,884,574
A10 Networks Inc.a		933,795		7,881,230
ACI Worldwide Inc.a,b		2,238,684		50,079,361
Agilysys Inc.a		318,822		3,226,479
American Software Inc./GA Class A		513,395		5,282,835
Aspen Technology Inc.a,b		1,454,529		80,377,273
Barracuda Networks Inc.a,b		487,485		11,241,404
Blackbaud Inc.b		926,485		79,446,089
Blackline Inc.a,b		212,535		7,596,001
Bottomline Technologies de Inc.a,b		770,644		19,797,844
BroadSoft Inc.a,b		594,907		25,610,746
Callidus Software Inc.a,b		1,248,956		30,224,735
CommVault Systems Inc.a		751,921		42,445,940
Digimarc Corp.a,b		194,452		7,807,248
Ebix Inc.b		465,707		25,101,607
Ellie Mae Inc.a,b		655,795		72,078,428
EnerNOC Inc.a,b		576,599		4,468,642
Everbridge Inc.a		328,042		7,991,103
Exa Corp.a,b		267,195		3,687,291
Fair Isaac Corp.		596,598		83,171,727
Gigamon Inc.a,b		699,917		27,541,734
Glu Mobile Inc.a,b		2,106,204		5,265,510
Guidance Software Inc.a,b		445,402		2,944,107
HubSpot Inc.a,b		651,961		42,866,436
Imperva Inc.a		648,395		31,025,701
Majescoa,b		113,197		558,061

Security	Shares		Value
MicroStrategy Inc. Class Aa		183,881	$	35,244,471
Mitek Systems Inc.a,b		608,133		5,108,317
MobileIron Inc.a,b		1,061,832		6,424,084
Model N Inc.a,b		453,839		6,036,059
Monotype Imaging Holdings Inc.		805,635		14,743,120
Park City Group Inc.a,b		250,992		3,049,553
Paycom Software Inc.a,b		954,940		65,327,445
Paylocity Holding Corp.a,b		503,435		22,745,193
Pegasystems Inc.b		710,627		41,465,085
Progress Software Corp.		922,584		28,498,620
Proofpoint Inc.a,b		824,138		71,559,903
PROS Holdings Inc.a,b		508,882		13,938,278
QAD Inc. Class A		193,027		6,186,515
Qualys Inc.a,b		608,207		24,814,846
Rapid7 Inc.a,b		404,073		6,800,549
RealNetworks Inc.a,b		535,988		2,320,828
RealPage Inc.a,b		1,136,809		40,868,284
RingCentral Inc. Class Aa,b		1,208,982		44,188,292
Rosetta Stone Inc.a,b		328,270		3,538,751
Rubicon Project Inc. (The)a,b		859,227		4,416,427
SecureWorks Corp. Class Aa,b		156,616		1,454,963
Silver Spring Networks Inc.a,b		809,579		9,132,051
Synchronoss Technologies Inc.a,b		830,148		13,655,935
Telenav Inc.a,b		630,548		5,107,439
TiVo Corp.		2,274,223		42,414,259
Upland Software Inc.a,b		140,787		3,095,906
Varonis Systems Inc.a,b		370,381		13,778,173
VASCO Data Security International Inc.a,b		602,839		8,650,740
Verint Systems Inc.a		1,211,693		49,315,905
VirnetX Holding Corp.a,b		1,007,675		4,584,921
Workiva Inc.a,b		480,988		9,162,821
Zendesk Inc.a,b		1,882,299		52,290,266
Zix Corp.a,b		1,087,696		6,188,990
				1,368,709,095
SPECIALTY RETAIL — 2.11%
Aaron’s Inc.b		1,227,943		47,766,983
Abercrombie & Fitch Co. Class A		1,342,460		16,700,202
America’s Car-Mart Inc./TXa,b		145,615		5,664,424

383

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
American Eagle Outfitters Inc.		3,143,521	$	37,879,428
Asbury Automotive Group Inc.a,b		363,120		20,534,436
Ascena Retail Group Inc.a,b		3,342,474		7,186,319
At Home Group Inc.a,b		98,581		2,295,951
Barnes & Noble Education Inc.a,b		740,673		7,873,354
Barnes & Noble Inc.		1,152,365		8,757,974
Big 5 Sporting Goods Corp.		388,083		5,064,483
Boot Barn Holdings Inc.a,b		237,171		1,679,171
Buckle Inc. (The)		557,083		9,916,077
Build-A-Bear Workshop Inc.a,b		279,771		2,923,607
Caleres Inc.		815,170		22,645,423
Camping World Holdings Inc. Class Ab		236,981		7,310,864
Carvana Co.a,b		293,195		6,001,702
Cato Corp. (The) Class A		468,117		8,234,178
Chico’s FAS Inc.		2,491,519		23,470,109
Children’s Place Inc. (The)		334,148		34,116,511
Citi Trends Inc.		296,488		6,291,475
Conn’s Inc.a,b		356,063		6,800,803
Container Store Group Inc. (The)a,b		310,275		1,836,828
DSW Inc. Class A		1,272,558		22,524,277
Express Inc.a,b		1,520,750		10,265,063
Finish Line Inc. (The) Class A		770,277		10,914,825
Five Below Inc.a,b		1,052,324		51,953,236
Francesca’s Holdings Corp.a,b		732,282		8,011,165
Genesco Inc.a,b		370,985		12,576,392
GNC Holdings Inc. Class Ab		1,327,373		11,189,754
Group 1 Automotive Inc.		396,028		25,076,493
Guess? Inc.		1,160,968		14,837,171
Haverty Furniture Companies Inc.		373,001		9,362,325
Hibbett Sports Inc.a,b		412,195		8,553,046
J. Jill Inc.a		227,975		2,801,813
Kirkland’s Inc.a,b		324,242		3,333,208
Lithia Motors Inc. Class A		451,284		42,524,491
Lumber Liquidators Holdings Inc.a,b		544,995		13,657,575

Security	Shares		Value
MarineMax Inc.a,b		494,664	$	9,670,681
Monro Muffler Brake Inc.		621,060		25,929,255
Office Depot Inc.		9,922,564		55,963,261
Party City Holdco Inc.a,b		542,545		8,490,829
Pier 1 Imports Inc.		1,604,472		8,327,210
Rent-A-Center Inc./TX		829,753		9,724,705
RHa,b		661,719		42,694,110
Select Comfort Corp.a,b		796,308		28,260,971
Shoe Carnival Inc.		225,641		4,711,384
Sonic Automotive Inc. Class A		516,822		10,052,188
Sportsman’s Warehouse Holdings Inc.a,b		700,765		3,784,131
Tailored Brands Inc.		964,953		10,768,875
Tile Shop Holdings Inc.b		658,604		13,600,173
Tilly’s Inc. Class A		259,162		2,630,494
Vitamin Shoppe Inc.a,b		413,270		4,814,596
West Marine Inc.		385,925		4,959,136
Winmark Corp.b		46,052		5,938,405
Zumiez Inc.a,b		374,155		4,620,814
				793,472,354
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.60%
3D Systems Corp.a,b		2,127,493		39,784,119
Avid Technology Inc.a,b		647,461		3,405,645
CPI Card Group Inc.b		476,675		1,358,524
Cray Inc.a,b		776,747		14,292,145
Diebold Nixdorf Inc.		1,463,998		40,991,944
Eastman Kodak Co.a,b		319,787		2,910,062
Electronics For Imaging Inc.a,b		897,108		42,504,977
Immersion Corp.a,b		558,360		5,069,909
Intevac Inc.a,b		356,381		3,955,829
Pure Storage Inc. Class Aa,b		1,802,234		23,086,617
Quantum Corp.a		541,373		4,228,123
Stratasys Ltd.a,b		977,102		22,776,248
Super Micro Computer Inc.a,b		763,437		18,818,722
USA Technologies Inc.a,b		767,627		3,991,660
				227,174,524
TEXTILES, APPAREL & LUXURY GOODS — 0.75%
Columbia Sportswear Co.		565,435		32,829,156
Crocs Inc.a,b		1,464,367		11,290,269
Culp Inc.		213,605		6,942,162

384

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Deckers Outdoor Corp.a,b		612,608	$	41,816,622
Delta Apparel Inc.a,b		150,768		3,344,034
Fossil Group Inc.a,b		833,042		8,621,985
G-III Apparel Group Ltd.a,b		838,785		20,927,686
Iconix Brand Group Inc.a,b		969,413		6,698,644
Movado Group Inc.		304,247		7,682,237
Oxford Industries Inc.		318,983		19,933,248
Perry Ellis International Inc.a,b		248,080		4,827,637
Sequential Brands Group Inc.a,b		767,790		3,063,482
Steven Madden Ltd.a,b		1,145,108		45,747,064
Superior Uniform Group Inc.		173,976		3,888,364
Unifi Inc.a,b		300,272		9,248,378
Vera Bradley Inc.a,b		386,820		3,783,100
Wolverine World Wide Inc.		1,828,123		51,205,725
				281,849,793
THRIFTS & MORTGAGE FINANCE — 2.30%
ASB Bancorp. Inc.a		53,014		2,329,965
Astoria Financial Corp.		1,802,348		36,317,312
Bank Mutual Corp.		817,269		7,478,011
BankFinancial Corp.		303,173		4,523,341
Bear State Financial Inc.		401,788		3,800,915
Beneficial Bancorp. Inc.		1,341,044		20,115,660
BofI Holding Inc.a,b		1,161,685		27,555,168
BSB Bancorp. Inc./MAa,b		160,770		4,702,523
Capitol Federal Financial Inc.		2,510,279		35,671,065
Charter Financial Corp./MD		238,382		4,290,876
Clifton Bancorp. Inc.b		396,828		6,559,567
Dime Community Bancshares Inc.		619,358		12,139,417
Entegra Financial Corp.a		127,256		2,895,074
ESSA Bancorp. Inc.		178,295		2,624,502
Essent Group Ltd.a,b		1,496,003		55,561,551
Federal Agricultural Mortgage Corp. Class C		172,176		11,139,787
First Defiance Financial Corp.		196,710		10,362,683
Flagstar Bancorp. Inc.a,b		414,434		12,772,856
Greene County Bancorp. Inc.		57,716		1,569,875
Hingham Institution for Savings		26,100		4,748,373
Home Bancorp. Inc.		111,937		4,759,561
HomeStreet Inc.a,b		561,325		15,534,669

Security	Shares		Value
IMPAC Mortgage Holdings Inc.a,b		208,538	$	3,155,180
Kearny Financial Corp./MD		1,645,257		24,432,066
LendingTree Inc.a		123,432		21,254,990
Malvern Bancorp. Inc.a		124,390		2,979,141
Meridian Bancorp. Inc.		934,202		15,788,014
Meta Financial Group Inc.		173,444		15,436,516
MGIC Investment Corp.a,b		7,173,464		80,342,797
Nationstar Mortgage Holdings Inc.a,b		566,774		10,139,587
NMI Holdings Inc. Class Aa,b		1,103,905		12,639,712
Northfield Bancorp. Inc.		837,026		14,354,996
Northwest Bancshares Inc.		1,833,769		28,625,134
OceanFirst Financial Corp.		610,254		16,550,089
Oconee Federal Financial Corp.		23,990		666,682
Ocwen Financial Corp.a,b		2,105,418		5,663,574
Oritani Financial Corp.		768,844		13,108,790
PCSB Financial Corp.a,b		350,038		5,971,648
PennyMac Financial Services Inc. Class Aa,b,d		224,219		3,744,457
PHH Corp.a,b		1,042,346		14,353,104
Provident Bancorp. Inc.a,b		83,783		1,885,118
Provident Financial Holdings Inc.		129,513		2,493,125
Provident Financial Services Inc.		1,199,141		30,434,199
Prudential Bancorp. Inc.		157,203		2,854,807
Radian Group Inc.b		4,198,297		68,642,156
Riverview Bancorp. Inc.		372,159		2,471,136
SI Financial Group Inc.		217,393		3,500,027
Southern Missouri Bancorp. Inc.		114,098		3,680,802
Territorial Bancorp. Inc.		156,768		4,889,594
Timberland Bancorp. Inc./WA		120,288		3,039,678
TrustCo Bank Corp. NY		1,816,521		14,078,038
United Community Financial Corp./OH		948,750		7,884,113
United Financial Bancorp. Inc.		993,268		16,577,643
Walker & Dunlop Inc.a,b		537,593		26,250,666
Washington Federal Inc.		1,733,172		57,541,310
Waterstone Financial Inc.		508,207		9,579,702

385

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
Western New England Bancorp Inc.		535,569	$	5,436,025
WSFS Financial Corp.b		585,271		26,542,040
				864,439,407
TOBACCO — 0.19%
Turning Point Brands Inc.a		116,934		1,793,768
Universal Corp./VA		481,309		31,140,692
Vector Group Ltd.		1,810,939		38,609,219
				71,543,679
TRADING COMPANIES & DISTRIBUTORS — 1.28%
Aircastle Ltd.		921,598		20,044,757
Applied Industrial Technologies Inc.		741,990		43,814,510
Beacon Roofing Supply Inc.a,b		1,170,105		57,335,145
BMC Stock Holdings Inc.a		1,268,013		27,706,084
CAI International Inc.a,b		299,489		7,067,940
DXP Enterprises Inc./TXa,b		311,998		10,763,931
EnviroStar Inc.		67,822		1,834,585
Foundation Building Materials Inc.a		252,907		3,252,384
GATX Corp.		756,311		48,608,108
GMS Inc.a		455,779		12,807,390
H&E Equipment Services Inc.		608,140		12,412,137
Herc Holdings Inc.a		489,323		19,240,180
Huttig Building Products Inc.a,b		460,948		3,231,245
Kaman Corp.		521,525		26,008,452
Lawson Products Inc./DEa,b		124,796		2,764,231
MRC Global Inc.a,b		1,731,326		28,601,506
Neff Corp.a,b		156,461		2,972,759
Nexeo Solutions Inc.a		508,242		4,218,409
NOW Inc.a,b		2,072,942		33,332,907
Rush Enterprises Inc. Class Aa,b		581,300		21,612,734
Rush Enterprises Inc. Class Ba,b		103,127		3,754,854
SiteOne Landscape Supply Inc.a,b		657,158		34,211,646
Textainer Group Holdings Ltd.		525,247		7,616,082
Titan Machinery Inc.a,b		362,328		6,514,657

Security	Shares		Value
Triton International Ltd.		841,302	$	28,133,139
Veritiv Corp.a		222,288		10,002,960
Willis Lease Finance Corp.a,b		77,048		2,059,493
				479,922,225
WATER UTILITIES — 0.37%
American States Water Co.		703,376		33,347,056
AquaVenture Holdings Ltd.a,b		214,421		3,265,632
Artesian Resources Corp. Class A		154,454		5,813,649
Cadiz Inc.a		404,218		5,456,943
California Water Service Group		930,446		34,240,413
Connecticut Water Service Inc.		218,149		12,109,451
Consolidated Water Co. Ltd.		277,965		3,446,766
Global Water Resources Inc.b		196,437		1,944,726
Middlesex Water Co.		307,031		12,158,428
Pure Cycle Corp.a,b		331,040		2,565,560
SJW Group		316,197		15,550,568
York Water Co. (The)		248,986		8,677,162
				138,576,354
WIRELESS TELECOMMUNICATION SERVICES — 0.12%
Boingo Wireless Inc.a,b		716,086		10,712,647
Shenandoah Telecommunications Co.		907,595		27,863,166
Spok Holdings Inc.		400,113		7,082,000
				45,657,813
TOTAL COMMON STOCKS
(Cost: $42,757,711,287)				37,538,726,368

386

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Security	Shares		Value
SHORT-TERM INVESTMENTS — 15.10%
MONEY MARKET FUNDS — 15.10%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%e,f,g		5,674,937,001	$	5,676,639,481
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%e,f		2,157,052		2,157,052
				5,678,796,533
TOTAL SHORT-TERM INVESTMENTS
(Cost: $5,677,788,473)				5,678,796,533
TOTAL INVESTMENTS IN SECURITIES — 114.96%
(Cost: $48,435,499,760)h				43,217,522,901
Other Assets, Less Liabilities — (14.96)%				(5,625,258,365	)
NET ASSETS — 100.00%			$	37,592,264,536

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^d  Affiliated issuer. See Schedule 1.

^e  Affiliated money market fund.

^f  The rate quoted is the annualized seven-day yield of the fund at period end.

^g  All or a portion of this security represents an investment of securities lending collateral.

^h  The cost of investments for federal income tax purposes was $48,676,612,092. Net unrealized depreciation was $5,459,089,191, of which $949,462,617 represented gross unrealized appreciation on securities and $6,408,551,808 represented gross unrealized depreciation on securities.

In order to track the performance of its benchmark index, the Fund sold non-index securities that it subsequently received in corporate actions occurring on the opening of market trading on the following business day.

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
PennyMac Financial Services Inc. Class A		224,219		—		—			224,219	$	3,744,457	$	—	$	—
PennyMac Mortgage Investment Trust		1,319,839		—		(38,269	)		1,281,570		23,439,915		620,324		(354,114	)
										$	27,184,372	$	620,324	$	(354,114	)

Schedule 2 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
Russell 2000 Mini		745		Sep. 2017		ICE Markets Equity	$	52,723,017	$	52,682,675	$	(40,342	)

387

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 ETF

June 30, 2017

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	37,528,003,591		$	5,260,303	$	5,462,474	$	37,538,726,368
Money market funds		5,678,796,533			—		—		5,678,796,533
Total	$	43,206,800,124		$	5,260,303	$	5,462,474	$	43,217,522,901
Derivative financial instrumentsa:
Liabilities:
Futures contracts	$	(40,342	)	$	—	$	—	$	(40,342	)
Total	$	(40,342	)	$	—	$	—	$	(40,342	)

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

388

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.83%
AEROSPACE & DEFENSE — 0.91%
Aerojet Rocketdyne Holdings Inc.a,b		559,376	$	11,635,021
Astronics Corp.a		173,452		5,285,082
Axon Enterprise Inc.a,b		421,717		10,601,965
Curtiss-Wright Corp.		268,075		24,603,923
Kratos Defense & Security Solutions Inc.a		222,535		2,641,490
Mercury Systems Inc.a,b		349,475		14,709,403
Moog Inc. Class Aa		23,712		1,700,625
National Presto Industries Inc.		3,957		437,249
Sparton Corp.a		4,951		108,872
Vectrus Inc.a		15,933		514,955
				72,238,585
AIR FREIGHT & LOGISTICS — 0.30%
Air Transport Services Group Inc.a,b		420,851		9,166,135
Forward Air Corp.		242,831		12,938,036
Radiant Logistics Inc.a,b		302,841		1,629,284
				23,733,455
AIRLINES — 0.41%
Allegiant Travel Co.		106,030		14,377,668
Hawaiian Holdings Inc.a		388,966		18,261,954
				32,639,622
AUTO COMPONENTS — 1.35%
Cooper-Standard Holding Inc.a		30,502		3,076,737
Dana Inc.		570,604		12,741,587
Dorman Products Inc.a,b		221,612		18,342,825
Fox Factory Holding Corp.a		283,412		10,089,467
Gentherm Inc.a,b		232,641		9,026,471
Horizon Global Corp.a,b		206,349		2,963,172
LCI Industries		196,102		20,080,845
Shiloh Industries Inc.a,b		44,771		525,611
Standard Motor Products Inc.		108,390		5,660,126
Tenneco Inc.		431,872		24,975,158
				107,481,999
AUTOMOBILES — 0.10%
Winnebago Industries Inc.		223,971		7,838,985
				7,838,985
BANKS — 2.25%
Access National Corp.		7,680		203,674
Allegiance Bancshares Inc.a,b		65,262		2,499,535
Ameris Bancorp.		223,618		10,778,388

Security	Shares		Value
Atlantic Capital Bancshares Inc.a,b		31,067	$	590,273
Bank of NT Butterfield & Son Ltd. (The)		310,687		10,594,427
Bankwell Financial Group Inc.		8,789		274,480
Blue Hills Bancorp. Inc.		94,433		1,690,351
Capstar Financial Holdings Inc.a,b		20,551		364,575
Carolina Financial Corp.b		82,071		2,652,535
Central Pacific Financial Corp.		15,887		499,964
CoBiz Financial Inc.		36,320		631,968
ConnectOne Bancorp. Inc.		66,685		1,503,747
CU Bancorp.a		16,447		594,559
Eagle Bancorp. Inc.a,b		205,341		12,998,085
Equity Bancshares Inc. Class Aa		29,212		895,056
FB Financial Corp.a,b		26,645		964,283
First Connecticut Bancorp. Inc./Farmington CT		25,394		651,356
First Financial Bankshares Inc.		333,541		14,742,512
First Financial Northwest Inc.		8,465		136,540
First Foundation Inc.a,b		77,299		1,270,023
First of Long Island Corp. (The)		35,896		1,026,626
Franklin Financial Network Inc.a,b		25,249		1,041,521
Glacier Bancorp. Inc.		100,759		3,688,787
Green Bancorp. Inc.a,b		34,130		662,122
Guaranty Bancorp.		37,031		1,007,243
Guaranty Bancshares Inc./TXb		16,333		521,839
HarborOne Bancorp Inc.a,b		50,703		1,012,032
Heritage Commerce Corp.		26,492		365,060
Home BancShares Inc./AR		981,968		24,451,003
Howard Bancorp. Inc.a		14,519		279,491
Investar Holding Corp.b		21,344		488,778
Lakeland Financial Corp.		32,047		1,470,316
LegacyTexas Financial Group Inc.		159,044		6,064,348
Live Oak Bancshares Inc.b		159,878		3,869,048
MB Financial Inc.		55,059		2,424,798
Midland States Bancorp. Inc.		7,803		261,557
MidSouth Bancorp. Inc.		6,870		80,722
National Bank Holdings Corp. Class A		69,830		2,312,071
National Commerce Corp.a,b		39,157		1,548,659
Old Line Bancshares Inc.		8,262		232,823
Opus Bank		112,535		2,723,347
Pacific Continental Corp.		90,824		2,320,553
Pacific Premier Bancorp. Inc.a,b		110,310		4,070,439
Paragon Commercial Corp.a		3,808		199,806

389

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Park Sterling Corp.		140,999	$	1,675,068
People’s Utah Bancorp.		14,421		386,483
Preferred Bank/Los Angeles CA		105,058		5,617,451
Republic First Bancorp. Inc.a		87,473		809,125
ServisFirst Bancshares Inc.		374,225		13,805,160
Stonegate Bank		23,248		1,073,593
Sunshine Bancorp. Inc.a,b		9,772		208,241
Texas Capital Bancshares Inc.a,b		309,191		23,931,383
Tompkins Financial Corp.		6,154		484,443
Tristate Capital Holdings Inc.a		49,681		1,251,961
Union Bankshares Inc./Morrisville VTb		29,011		1,378,022
Veritex Holdings Inc.a,b		36,811		969,234
West Bancorp. Inc.		29,025		686,441
				178,935,925
BEVERAGES — 0.47%
Boston Beer Co. Inc. (The) Class Aa,b		71,856		9,495,770
Castle Brands Inc.a,b		702,046		1,207,519
Coca-Cola Bottling Co. Consolidatedb		38,060		8,710,792
Craft Brew Alliance Inc.a,b		102,597		1,728,760
MGP Ingredients Inc.b		92,098		4,712,655
National Beverage Corp.b		94,982		8,886,516
Primo Water Corp.a,b		204,706		2,599,766
				37,341,778
BIOTECHNOLOGY — 8.69%
Acceleron Pharma Inc.a,b		214,331		6,513,519
Achaogen Inc.a,b		234,540		5,096,554
Acorda Therapeutics Inc.a,b		49,168		968,610
Adamas Pharmaceuticals Inc.a,b		62,451		1,092,268
Aduro Biotech Inc.a,b		329,258		3,753,541
Advaxis Inc.a,b		270,131		1,753,150
Agenus Inc.a,b		509,998		1,994,092
Aimmune Therapeutics Inc.a,b		284,563		5,850,615
Akebia Therapeutics Inc.a,b		298,330		4,287,002
Alder Biopharmaceuticals Inc.a,b		63,736		729,777
Amicus Therapeutics Inc.a,b		1,160,680		11,688,048
AnaptysBio Inc.a		43,218		1,034,207
Anavex Life Sciences Corp.a,b		296,043		1,574,949
Arena Pharmaceuticals Inc.a,b		257,390		4,342,169
Array BioPharma Inc.a,b		1,226,776		10,268,115
Asterias Biotherapeutics Inc.a,b		206,409		732,752

Security	Shares		Value
Athersys Inc.a,b		766,337	$	1,157,169
Audentes Therapeutics Inc.a,b		113,287		2,167,180
Avexis Inc.a,b		198,505		16,309,171
Axovant Sciences Ltd.a,b		241,851		5,608,525
Bellicum Pharmaceuticals Inc.a,b		152,271		1,778,525
BioCryst Pharmaceuticals Inc.a,b		546,226		3,037,017
Biohaven Pharmaceutical Holding Co. Ltd.a		71,998		1,799,950
BioSpecifics Technologies Corp.a,b		46,004		2,277,658
Bluebird Bio Inc.a,b		142,873		15,008,809
Blueprint Medicines Corp.a,b		314,133		15,917,119
Calithera Biosciences Inc.a		247,695		3,678,271
Cara Therapeutics Inc.a,b		186,474		2,869,835
Catalyst Pharmaceuticals Inc.a,b		578,553		1,596,806
ChemoCentryx Inc.a,b		199,669		1,868,902
Clovis Oncology Inc.a,b		350,013		32,771,717
Coherus Biosciences Inc.a		310,187		4,451,183
Conatus Pharmaceuticals Inc.a,b		206,895		1,191,715
Concert Pharmaceuticals Inc.a		62,020		865,179
Corbus Pharmaceuticals Holdings Inc.a,b		358,168		2,256,458
Curis Inc.a,b		959,214		1,812,914
Cytokinetics Inc.a,b		335,958		4,065,092
CytomX Therapeutics Inc.a,b		234,931		3,641,431
Dyax Corp.c		1,121,579		2,568,416
Dynavax Technologies Corp.a,b		31,360		302,624
Eagle Pharmaceuticals Inc./DEa,b		66,653		5,258,255
Edge Therapeutics Inc.a,b		160,630		1,648,064
Editas Medicine Inc.a		195,741		3,284,534
Emergent BioSolutions Inc.a,b		130,324		4,419,287
Epizyme Inc.a,b		245,585		3,708,334
Esperion Therapeutics Inc.a,b		120,655		5,583,913
Exact Sciences Corp.a,b		888,129		31,413,123
Fate Therapeutics Inc.a		76,147		246,716
FibroGen Inc.a,b		480,703		15,526,707
Flexion Therapeutics Inc.a,b		224,184		4,533,000
Fortress Biotech Inc.a,b		281,906		1,339,054
Foundation Medicine Inc.a,b		115,859		4,605,395
Genocea Biosciences Inc.a		194,532		1,015,457
Genomic Health Inc.a,b		159,731		5,199,244
Geron Corp.a,b		1,202,311		3,330,401
Global Blood Therapeutics Inc.a		298,561		8,165,643
Halozyme Therapeutics Inc.a,b		882,955		11,319,483
Heron Therapeutics Inc.a,b		315,212		4,365,686

390

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Idera Pharmaceuticals Inc.a,b		818,967	$	1,408,623
Ignyta Inc.a,b		404,124		4,182,683
Immune Design Corp.a,b		16,129		157,258
ImmunoGen Inc.a,b		680,669		4,839,557
Immunomedics Inc.a,b		318,254		2,810,183
Inovio Pharmaceuticals Inc.a,b		550,453		4,315,552
Insmed Inc.a,b		429,862		7,376,432
Insys Therapeutics Inc.a,b		196,814		2,489,697
Invitae Corp.a,b		314,812		3,009,603
Iovance Biotherapeutics Inc.a,b		29,481		216,685
Ironwood Pharmaceuticals Inc.a,b		1,089,093		20,562,076
Jounce Therapeutics Inc.a,b		53,676		753,074
Karyopharm Therapeutics Inc.a,b		59,306		536,719
Keryx Biopharmaceuticals Inc.a,b		661,579		4,783,216
Kindred Biosciences Inc.a,b		17,707		152,280
Kite Pharma Inc.a,b		395,414		40,992,569
Kura Oncology Inc.a		115,329		1,072,560
La Jolla Pharmaceutical Co.a,b		141,602		4,215,492
Lexicon Pharmaceuticals Inc.a,b		348,929		5,739,882
Ligand Pharmaceuticals Inc.a,b		165,768		20,124,235
Loxo Oncology Inc.a,b		161,928		12,985,006
MacroGenics Inc.a,b		76,941		1,347,237
Madrigal Pharmaceuticals Inc.a		32,694		531,604
Matinas BioPharma Holdings Inc.a,b		426,921		721,496
MediciNova Inc.a,b		224,961		1,183,295
Merrimack Pharmaceuticals Inc.b		677,283		839,831
MiMedx Group Inc.a,b		837,065		12,530,863
Minerva Neurosciences Inc.a		172,362		1,525,404
Miragen Therapeutics Inc.a,b		79,964		1,033,935
Momenta Pharmaceuticals Inc.a,b		145,497		2,458,899
Natera Inc.a,b		253,936		2,757,745
NewLink Genetics Corp.a,b		177,004		1,300,979
Novavax Inc.a,b		876,540		1,008,021
Nymox Pharmaceutical Corp.a		88,481		389,316
Oncocyte Corp.a		29,114		151,393
Organovo Holdings Inc.a,b		784,417		2,063,017
Ovid therapeutics Inc.a,b		40,847		428,485
Pieris Pharmaceuticals Inc.a,b		277,754		1,405,435
Portola Pharmaceuticals Inc.a		371,634		20,874,682
Progenics Pharmaceuticals Inc.a,b		573,195		3,891,994
Protagonist Therapeutics Inc.a,b		32,235		364,578
Prothena Corp. PLCa,b		240,675		13,025,331
PTC Therapeutics Inc.a		217,590		3,988,425

Security	Shares		Value
Puma Biotechnology Inc.a,b		232,832	$	20,349,517
Ra Pharmaceuticals Inc.a		95,063		1,781,481
Radius Health Inc.a,b		300,913		13,610,295
Recro Pharma Inc.a		11,761		82,680
REGENXBIO Inc.a		62,313		1,230,682
Repligen Corp.a,b		277,127		11,484,143
Rigel Pharmaceuticals Inc.a,b		999,749		2,729,315
Sage Therapeutics Inc.a,b		279,511		22,260,256
Sangamo Therapeutics Inc.a,b		578,501		5,090,809
Sarepta Therapeutics Inc.a,b		321,048		10,822,528
Selecta Biosciences Inc.a,b		94,762		1,881,973
Seres Therapeutics Inc.a,b		165,394		1,868,952
Spark Therapeutics Inc.a,b		187,995		11,230,821
Stemline Therapeutics Inc.a,b		36,670		337,364
Strongbridge Biopharma PLCa,b		177,292		1,267,638
Syndax Pharmaceuticals Inc.a,b		65,713		918,011
Synergy Pharmaceuticals Inc.a,b		1,833,979		8,161,207
Syros Pharmaceuticals Inc.a,b		101,153		1,627,552
TG Therapeutics Inc.a,b		392,437		3,943,992
Tocagen Inc.a		60,474		727,502
Trevena Inc.a,b		25,249		58,073
Ultragenyx Pharmaceutical Inc.a,b		320,806		19,925,261
Vanda Pharmaceuticals Inc.a		356,143		5,805,131
VBI Vaccines Inc.a,b		175,413		763,047
Veracyte Inc.a		191,534		1,595,478
Versartis Inc.a,b		263,667		4,600,989
vTv Therapeutics Inc. Class Aa,b		59,935		297,877
XBiotech Inc.a,b		141,590		665,473
Xencor Inc.a,b		307,966		6,501,162
ZIOPHARM Oncology Inc.a,b		1,062,509		6,608,806
				690,416,692
BUILDING PRODUCTS — 1.95%
AAON Inc.b		334,821		12,338,154
Advanced Drainage Systems Inc.		285,633		5,741,223
American Woodmark Corp.a		114,833		10,972,293
Apogee Enterprises Inc.		228,983		13,015,394
Builders FirstSource Inc.a,b		782,680		11,990,658
Caesarstone Ltd.a		116,847		4,095,487
Continental Building Products Inc.a		319,625		7,447,263
CSW Industrials Inc.a		50,605		1,955,883
Griffon Corp.		202,033		4,434,624
Insteel Industries Inc.b		131,573		4,337,962
JELD-WEN Holding Inc.a		182,601		5,927,228

391

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Masonite International Corp.a,b		240,756	$	18,177,078
NCI Building Systems Inc.a,b		323,416		5,401,047
Patrick Industries Inc.a,b		130,902		9,536,211
PGT Innovations Inc.a		392,738		5,027,046
Ply Gem Holdings Inc.a,b		179,464		3,221,379
Quanex Building Products Corp.		24,826		525,070
Simpson Manufacturing Co. Inc.		49,681		2,171,557
Trex Co. Inc.a,b		238,991		16,170,131
Universal Forest Products Inc.		143,142		12,497,728
				154,983,416
CAPITAL MARKETS — 1.42%
Artisan Partners Asset Management Inc. Class A		360,309		11,061,486
Cohen & Steers Inc.		174,074		7,056,960
Cowen Group Inc. Class Aa,b		11,105		180,456
Diamond Hill Investment Group Inc.		25,681		5,120,791
Donnelley Financial Solutions Inc.a		194,622		4,468,521
Evercore Partners Inc. Class A		330,812		23,322,246
Fifth Street Asset Management Inc.		45,173		219,089
Financial Engines Inc.		473,587		17,333,284
GAMCO Investors Inc. Class Ab		7,217		213,623
Hamilton Lane Inc. Class Ab		76,107		1,673,593
Houlihan Lokey Inc.		175,942		6,140,376
Investment Technology Group Inc.		33,471		710,924
Ladenburg Thalmann Financial Services Inc.a,b		102,682		250,544
Medley Management Inc.		19,988		129,922
Moelis & Co. Class A		203,021		7,887,366
OM Asset Management PLC		447,032		6,642,896
Piper Jaffray Companies		6,045		362,398
Pzena Investment Management Inc. Class A		105,803		1,074,958
Silvercrest Asset Management Group Inc.		57,728		776,442
Value Line Inc.		8,394		153,610
Virtu Financial Inc. Class A		197,710		3,489,582
Virtus Investment Partners Inc.		7,599		843,109
Westwood Holdings Group Inc.		66,180		3,751,744
WisdomTree Investments Inc.		930,027		9,458,375
				112,322,295
CHEMICALS — 2.76%
A Schulman Inc.		231,123		7,395,936
AdvanSix Inc.a		209,640		6,549,154

Security	Shares		Value
Balchem Corp.		256,275	$	19,915,130
Calgon Carbon Corp.		32,702		493,800
Chase Corp.		57,813		6,168,647
Codexis Inc.a,b		305,164		1,663,144
Ferro Corp.a,b		677,411		12,389,847
Flotek Industries Inc.a,b		49,214		439,973
Hawkins Inc.		16,127		747,486
HB Fuller Co.		306,078		15,643,647
Ingevity Corp.a		344,130		19,753,062
KMG Chemicals Inc.b		74,626		3,632,047
Koppers Holdings Inc.a		166,890		6,033,074
Kraton Corp.a,b		51,887		1,786,988
Kronos Worldwide Inc.		183,476		3,342,933
Minerals Technologies Inc.		160,972		11,783,150
OMNOVA Solutions Inc.a		231,810		2,260,148
PolyOne Corp.		658,625		25,515,133
Quaker Chemical Corp.		105,107		15,264,690
Rayonier Advanced Materials Inc.		217,235		3,414,934
Sensient Technologies Corp.		358,274		28,851,805
Stepan Co.		102,695		8,948,842
Trinseo SA		251,019		17,245,005
Valhi Inc.		12,943		38,570
				219,277,145
COMMERCIAL SERVICES & SUPPLIES — 3.42%
ABM Industries Inc.		229,806		9,541,545
Advanced Disposal Services Inc.a		201,854		4,588,141
Aqua Metals Inc.a,b		134,514		1,688,151
Brady Corp. Class A		293,525		9,950,497
Brink’s Co. (The)		371,015		24,858,005
Casella Waste Systems Inc. Class Aa		62,329		1,022,819
Covanta Holding Corp.		948,172		12,515,870
Deluxe Corp.		392,193		27,147,599
Healthcare Services Group Inc.		576,454		26,995,341
Heritage-Crystal Clean Inc.a		64,782		1,030,034
Herman Miller Inc.		411,299		12,503,490
HNI Corp.		357,107		14,237,856
Hudson Technologies Inc.a,b		296,633		2,506,549
InnerWorkings Inc.a,b		343,666		3,986,526
Interface Inc.		451,621		8,874,353
Kimball International Inc. Class B		253,920		4,237,925
Knoll Inc.		367,313		7,364,626
Matthews International Corp. Class A		253,086		15,501,517

392

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
McGrath RentCorp		12,501	$	432,910
MSA Safety Inc.		269,610		21,884,244
Multi-Color Corp.b		110,549		9,020,798
Quad/Graphics Inc.		141,885		3,252,004
RR Donnelley & Sons Co.		151,450		1,899,183
SP Plus Corp.a,b		42,786		1,307,112
Steelcase Inc. Class A		561,853		7,865,942
Team Inc.a,b		108,406		2,542,121
Tetra Tech Inc.		431,179		19,726,439
U.S. Ecology Inc.		176,735		8,925,117
Viad Corp.		98,127		4,636,501
West Corp.		50,040		1,166,933
				271,210,148
COMMUNICATIONS EQUIPMENT — 2.11%
Acacia Communications Inc.a,b		136,345		5,654,227
Aerohive Networks Inc.a,b		254,042		1,270,210
Applied Optoelectronics Inc.a,b		148,504		9,176,062
CalAmp Corp.a		279,767		5,687,663
Ciena Corp.a,b		1,141,419		28,558,304
Clearfield Inc.a,b		97,655		1,289,046
EMCORE Corp.		45,451		484,053
Extreme Networks Inc.a,b		883,037		8,141,601
Finisar Corp.a,b		417,817		10,854,886
InterDigital Inc./PA		280,142		21,654,977
Lumentum Holdings Inc.a,b		493,101		28,131,412
Oclaro Inc.a,b		1,165,607		10,886,770
Plantronics Inc.		269,414		14,093,046
Quantenna Communications Inc.a,b		170,844		3,246,036
Ubiquiti Networks Inc.a,b		187,063		9,721,664
ViaSat Inc.a,b		23,256		1,539,547
Viavi Solutions Inc.a		690,721		7,273,292
				167,662,796
CONSTRUCTION & ENGINEERING — 1.50%
Argan Inc.		117,567		7,054,020
Comfort Systems USA Inc.		298,061		11,058,063
Dycom Industries Inc.a,b		246,728		22,087,091
EMCOR Group Inc.		359,624		23,512,217
Granite Construction Inc.		249,451		12,033,516
Great Lakes Dredge & Dock Corp.a,b		41,338		177,753
HC2 Holdings Inc.a,b		329,644		1,938,307
KBR Inc.		129,254		1,967,246

Security	Shares		Value
MasTec Inc.a		538,662	$	24,320,589
MYR Group Inc.a		57,902		1,796,120
NV5 Global Inc.a,b		48,299		2,052,708
Orion Group Holdings Inc.a		105,810		790,401
Primoris Services Corp.		318,995		7,955,735
Sterling Construction Co. Inc.a,b		49,942		652,742
Tutor Perini Corp.a,b		47,411		1,363,066
				118,759,574
CONSTRUCTION MATERIALS — 0.45%
Forterra Inc.a,b		150,964		1,242,434
Summit Materials Inc. Class Aa,b		866,000		25,001,420
U.S. Concrete Inc.a,b		123,205		9,677,753
U.S. Lime & Minerals Inc.		1,914		150,191
				36,071,798
CONSUMER FINANCE — 0.52%
Elevate Credit Inc.a		9,490		75,161
Enova International Inc.a		84,499		1,254,810
FirstCash Inc.		70,640		4,118,312
Green Dot Corp. Class Aa		369,746		14,246,313
LendingClub Corp.a,b		2,364,224		13,026,874
PRA Group Inc.a		220,705		8,364,720
Regional Management Corp.a,b		6,944		164,087
				41,250,277
CONTAINERS & PACKAGING — 0.20%
Greif Inc. Class A NVS		178,272		9,944,012
Greif Inc. Class B		39,263		2,371,485
Myers Industries Inc.		187,204		3,360,312
				15,675,809
DISTRIBUTORS — 0.15%
Core-Mark Holding Co. Inc.		368,945		12,197,322
				12,197,322
DIVERSIFIED CONSUMER SERVICES — 1.13%
Bridgepoint Education Inc.a,b		128,827		1,901,487
Cambium Learning Group Inc.a		26,491		134,309
Capella Education Co.		87,262		7,469,627
Carriage Services Inc.b		49,380		1,331,285
Chegg Inc.a,b		676,585		8,315,230
Collectors Universe Inc.		62,572		1,554,914
Grand Canyon Education Inc.a		379,529		29,758,869
Houghton Mifflin Harcourt Co.a,b		580,590		7,141,257
Liberty Tax Inc.		5,098		66,019
Sotheby’sa		308,194		16,540,772

393

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Strayer Education Inc.		85,878	$	8,005,547
Weight Watchers International Inc.a,b		212,606		7,105,292
				89,324,608
DIVERSIFIED FINANCIAL SERVICES — 0.01%
Marlin Business Services Corp.		23,443		589,591
NewStar Financial Inc.		41,420		434,910
				1,024,501
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.82%
Cogent Communications Holdings Inc.		336,564		13,496,216
Consolidated Communications Holdings Inc.		289,609		6,217,905
General Communication Inc. Class Aa,b		201,305		7,375,815
Globalstar Inc.a,b		2,345,857		4,996,676
IDT Corp. Class B		85,840		1,233,521
Lumos Networks Corp.a,b		131,174		2,344,079
Ooma Inc.a		137,073		1,096,584
ORBCOMM Inc.a,b		490,990		5,548,187
Straight Path Communications Inc. Class Ba,b		69,488		12,483,519
Vonage Holdings Corp.a,b		1,616,190		10,569,883
				65,362,385
ELECTRIC UTILITIES — 0.13%
MGE Energy Inc.		137,407		8,842,141
Spark Energy Inc. Class Ab		82,259		1,546,469
				10,388,610
ELECTRICAL EQUIPMENT — 0.99%
Allied Motion Technologies Inc.b		55,133		1,500,720
Atkore International Group Inc.a		265,392		5,984,590
AZZ Inc.		210,023		11,719,283
Energous Corp.a,b		152,246		2,475,520
EnerSys		353,128		25,584,124
Generac Holdings Inc.a,b		497,848		17,987,248
General Cable Corp.		374,139		6,117,173
Plug Power Inc.a,b		1,807,284		3,686,859
Revolution Lighting Technologies Inc.a		12,506		82,414
TPI Composites Inc.a		86,427		1,597,171
Vicor Corp.a,b		123,051		2,202,613
				78,937,715

Security	Shares		Value
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.12%
Akoustis Technologies Inc.a,b		70,200	$	613,548
Badger Meter Inc.		227,022		9,046,827
Bel Fuse Inc. Class B		18,745		463,002
Control4 Corp.a,b		177,683		3,484,364
Daktronics Inc.		168,270		1,620,440
ePlus Inc.a,b		106,234		7,871,939
Fabrineta,b		293,550		12,522,843
FARO Technologies Inc.a,b		33,422		1,263,352
II-VI Inc.a		142,800		4,898,040
Insight Enterprises Inc.a		112,076		4,481,919
Iteris Inc.a,b		190,659		1,185,899
Itron Inc.a		276,464		18,730,436
Kemet Corp.a		369,608		4,730,982
Littelfuse Inc.		182,121		30,049,965
Mesa Laboratories Inc.b		25,953		3,719,324
Methode Electronics Inc.		289,587		11,930,984
Microvision Inc.a,b		551,679		1,169,559
NAPCO Security Technologies Inc.a,b		96,288		905,107
Novanta Inc.a		259,061		9,326,196
OSI Systems Inc.a		140,766		10,578,565
PCM Inc.a,b		31,990		599,813
RadiSys Corp.a,b		46,501		174,844
Rogers Corp.a		145,904		15,848,093
SYNNEX Corp.		48,103		5,770,436
Systemax Inc.		70,884		1,332,619
Tech Data Corp.a		22,137		2,235,837
TTM Technologies Inc.a,b		159,190		2,763,538
VeriFone Systems Inc.a,b		72,986		1,321,047
				168,639,518
ENERGY EQUIPMENT & SERVICES — 0.39%
Fairmount Santrol Holdings Inc.a,b		1,114,282		4,345,700
Keane Group Inc.a,b		236,123		3,777,968
NCS Multistage Holdings Inc.a		83,917		2,113,030
ProPetro Holding Corp.a		136,459		1,904,968
RigNet Inc.a		106,701		1,712,551
Select Energy Services Inc. Class Aa		31,450		382,118
Smart Sand Inc.a		159,674		1,422,695
Solaris Oilfield Infrastructure Inc. Class Aa		77,636		895,143

394

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
U.S. Silica Holdings Inc.		404,401	$	14,352,191
				30,906,364
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.12%
Alexander’s Inc.b		16,349		6,890,450
American Assets Trust Inc.		119,235		4,696,667
Armada Hoffler Properties Inc.b		325,853		4,219,796
Care Capital Properties Inc.		79,252		2,116,028
CareTrust REIT Inc.		541,123		10,032,421
City Office REIT Inc.b		43,994		558,724
Clipper Realty Inc.b		16,081		198,440
Community Healthcare Trust Inc.		19,636		502,485
EastGroup Properties Inc.b		268,605		22,509,099
First Industrial Realty Trust Inc.		210,979		6,038,219
Four Corners Property Trust Inc.b		339,692		8,529,666
GEO Group Inc. (The)b		217,861		6,442,135
Global Medical REIT Inc.b		9,804		87,648
Gramercy Property Trustb		179,937		5,345,928
LTC Properties Inc.b		129,254		6,642,363
MedEquities Realty Trust Inc.		61,889		781,039
Monmouth Real Estate Investment Corp.b		99,225		1,493,336
National Health Investors Inc.b		145,595		11,531,124
National Storage Affiliates Trustb		36,640		846,750
NexPoint Residential Trust Inc.b		7,656		190,558
Physicians Realty Trustb		678,774		13,670,508
Potlatch Corp.		327,289		14,957,107
PS Business Parks Inc.b		159,935		21,173,795
QTS Realty Trust Inc. Class Ab		380,001		19,885,452
Retail Opportunity Investments Corp.b		91,109		1,748,382
Rexford Industrial Realty Inc.		217,959		5,980,795
Ryman Hospitality Properties Inc.b		357,729		22,898,233
Sabra Health Care REIT Inc.		85,657		2,064,334
Saul Centers Inc.		81,370		4,717,833
Terreno Realty Corp.		105,001		3,534,334
UMH Properties Inc.b		189,203		3,225,911
Universal Health Realty Income Trustb		100,597		8,001,485
Urban Edge Properties		790,320		18,754,294
Washington REIT		226,156		7,214,376
				247,479,715

Security	Shares		Value
FOOD & STAPLES RETAILING — 0.42%
Chefs’ Warehouse Inc. (The)a,b		146,535	$	1,904,955
Performance Food Group Co.a,b		575,123		15,758,370
PriceSmart Inc.		178,745		15,658,062
				33,321,387
FOOD PRODUCTS — 1.00%
Amplify Snack Brands Inc.a,b		267,763		2,581,235
B&G Foods Inc.		531,702		18,928,591
Calavo Growers Inc.		129,669		8,953,645
Dean Foods Co.		38,242		650,114
Freshpet Inc.a,b		195,804		3,250,346
Hostess Brands Inc.a		36,249		583,609
J&J Snack Foods Corp.		121,875		16,096,031
John B Sanfilippo & Son Inc.		69,366		4,377,688
Lancaster Colony Corp.		152,148		18,656,388
Landec Corp.a,b		55,387		822,497
Lifeway Foods Inc.a,b		38,795		362,345
Limoneira Co.		30,912		730,451
Tootsie Roll Industries Inc.b		94,754		3,302,177
				79,295,117
GAS UTILITIES — 0.08%
Chesapeake Utilities Corp.		14,741		1,104,838
New Jersey Resources Corp.		53,562		2,126,412
RGC Resources Inc.b		19,552		553,908
Southwest Gas Holdings Inc.		38,421		2,807,038
				6,592,196
HEALTH CARE EQUIPMENT & SUPPLIES — 6.19%
Abaxis Inc.		177,414		9,406,490
Accuray Inc.a,b		666,861		3,167,590
Anika Therapeutics Inc.a,b		96,371		4,754,945
Antares Pharma Inc.a,b		1,161,994		3,741,621
AtriCure Inc.a,b		256,706		6,225,121
Atrion Corp.		11,345		7,298,239
AxoGen Inc.a,b		224,990		3,768,583
Cantel Medical Corp.		294,066		22,910,682
Cardiovascular Systems Inc.a,b		258,260		8,323,720
Cerus Corp.a,b		747,060		1,875,121
ConforMIS Inc.a,b		109,862		471,308
Corindus Vascular Robotics Inc.a,b		678,111		1,261,286
CryoLife Inc.a		178,223		3,555,549
Cutera Inc.a,b		106,937		2,769,668
Endologix Inc.a,b		678,784		3,298,890
Entellus Medical Inc.a,b		98,005		1,622,963

395

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Fonar Corp.a,b		43,405	$	1,204,489
GenMark Diagnostics Inc.a,b		355,130		4,201,188
Glaukos Corp.a,b		231,636		9,605,945
Globus Medical Inc. Class Aa,b		570,587		18,914,959
Haemonetics Corp.a		344,171		13,591,313
ICU Medical Inc.a,b		86,150		14,860,875
Inogen Inc.a		137,692		13,138,571
Insulet Corp.a,b		470,228		24,127,399
Integra LifeSciences Holdings Corp.a,b		498,378		27,166,585
iRhythm Technologies Inc.a		111,554		4,739,929
K2M Group Holdings Inc.a,b		328,058		7,991,493
Lantheus Holdings Inc.a		193,250		3,410,863
LeMaitre Vascular Inc.		119,987		3,745,994
Masimo Corp.a,b		362,777		33,078,007
Meridian Bioscience Inc.b		294,400		4,636,800
Merit Medical Systems Inc.a		393,600		15,015,840
Natus Medical Inc.a,b		262,263		9,782,410
Neogen Corp.a,b		300,160		20,744,058
Nevro Corp.a,b		224,094		16,679,316
Novocure Ltd.a,b		467,067		8,080,259
NuVasive Inc.a,b		410,620		31,584,890
NxStage Medical Inc.a,b		525,197		13,166,689
Obalon Therapeutics Inc.a,b		38,954		386,034
OraSure Technologies Inc.a,b		432,518		7,465,261
Orthofix International NVa,b		27,430		1,274,946
Oxford Immunotec Global PLCa,b		180,559		3,037,002
Penumbra Inc.a,b		237,071		20,802,980
Pulse Biosciences Inc.a,b		73,711		2,545,241
Quidel Corp.a,b		224,439		6,091,274
Quotient Ltd.a		136,442		1,004,213
Rockwell Medical Inc.a,b		360,935		2,862,215
RTI Surgical Inc.a,b		336,759		1,970,040
Spectranetics Corp. (The)a,b		350,716		13,467,494
STAAR Surgical Co.a,b		333,479		3,601,573
Surmodics Inc.a		106,434		2,996,117
Tactile Systems Technology Inc.a,b		73,918		2,112,576
Utah Medical Products Inc.		23,346		1,690,250
Varex Imaging Corp.a		304,753		10,300,651
ViewRay Inc.a,b		236,631		1,531,003
Viveve Medical Inc.a		121,163		869,950
Wright Medical Group NVa,b		845,729		23,249,090
				491,177,558

Security	Shares		Value
HEALTH CARE PROVIDERS & SERVICES — 3.23%
Addus HomeCare Corp.a		60,499	$	2,250,563
Almost Family Inc.a,b		26,336		1,623,614
Amedisys Inc.a,b		230,460		14,475,193
American Renal Associates Holdings Inc.a,b		69,522		1,289,633
AMN Healthcare Services Inc.a,b		381,555		14,899,723
BioScrip Inc.a,b		105,041		285,186
BioTelemetry Inc.a		227,226		7,600,710
Capital Senior Living Corp.a,b		198,592		3,020,584
Chemed Corp.		127,257		26,027,874
Civitas Solutions Inc.a,b		130,266		2,279,655
CorVel Corp.a		76,571		3,633,294
Cross Country Healthcare Inc.a		133,175		1,719,289
Ensign Group Inc. (The)		228,638		4,977,449
Genesis Healthcare Inc.a,b		301,298		524,259
HealthEquity Inc.a,b		403,086		20,085,775
HealthSouth Corp.		722,744		34,980,810
Landauer Inc.		73,565		3,847,450
LHC Group Inc.a,b		119,430		8,108,103
Magellan Health Inc.a		140,380		10,233,702
Molina Healthcare Inc.a,b		356,085		24,633,960
National Research Corp. Class A		69,586		1,871,864
Providence Service Corp. (The)a		76,302		3,861,644
R1 RCM Inc.a		739,740		2,774,025
RadNet Inc.a		301,811		2,339,035
Select Medical Holdings Corp.a		868,673		13,334,131
Surgery Partners Inc.a,b		152,580		3,471,195
Teladoc Inc.a,b		435,199		15,101,405
Tenet Healthcare Corp.a,b		657,604		12,718,061
Tivity Health Inc.a		196,794		7,842,241
Triple-S Management Corp. Class Ba		41,045		694,071
U.S. Physical Therapy Inc.		97,883		5,912,133
				256,416,631
HEALTH CARE TECHNOLOGY — 1.23%
Castlight Health Inc.a,b		517,476		2,147,525
Computer Programs & Systems Inc.b		47,131		1,545,897
Cotiviti Holdings Inc.a,b		215,197		7,992,417
Evolent Health Inc.a,b		75,509		1,914,153
HealthStream Inc.a,b		208,538		5,488,720
HMS Holdings Corp.a		589,528		10,906,268

396

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Inovalon Holdings Inc. Class Aa,b		507,096	$	6,668,312
Medidata Solutions Inc.a,b		456,043		35,662,563
Omnicell Inc.a,b		297,089		12,804,536
Quality Systems Inc.a		271,334		4,669,658
Simulations Plus Inc.		88,437		1,092,197
Tabula Rasa HealthCare Inc.a,b		75,371		1,134,334
Vocera Communications Inc.a,b		226,196		5,976,098
				98,002,678
HOTELS, RESTAURANTS & LEISURE — 4.82%
BJ’s Restaurants Inc.a		170,230		6,341,067
Bloomin’ Brands Inc.		804,855		17,087,072
Bob Evans Farms Inc./DE		160,320		11,515,786
Bojangles’ Inc.a,b		140,234		2,278,803
Boyd Gaming Corp.		609,009		15,109,513
Brinker International Inc.		302,556		11,527,384
Buffalo Wild Wings Inc.a		129,980		16,468,466
Caesars Entertainment Corp.a,b		64,521		774,252
Cheesecake Factory Inc. (The)		363,168		18,267,350
Churchill Downs Inc.		109,545		20,079,598
Chuy’s Holdings Inc.a,b		135,672		3,174,725
ClubCorp Holdings Inc.		521,463		6,831,165
Cracker Barrel Old Country Store Inc.b		155,554		26,016,406
Dave & Buster’s Entertainment Inc.a,b		340,388		22,639,206
Denny’s Corp.a,b		420,550		4,949,873
DineEquity Inc.		83,818		3,692,183
Drive Shack Inc.		241,346		760,240
Eldorado Resorts Inc.a		373,024		7,460,480
Empire Resorts Inc.a,b		15,543		371,478
Fiesta Restaurant Group Inc.a		11,472		236,897
Golden Entertainment Inc.a		21,387		442,925
Habit Restaurants Inc. (The)a,b		163,327		2,580,567
ILG Inc.		78,304		2,152,577
Inspired Entertainment Inc.a,b		32,055		416,715
Intrawest Resorts Holdings Inc.a		84,368		2,002,896
Jack in the Box Inc.		204,369		20,130,346
La Quinta Holdings Inc.a,b		138,591		2,046,989
Lindblad Expeditions Holdings Inc.a,b		162,216		1,703,268
Marcus Corp. (The)		125,495		3,789,949
Marriott Vacations Worldwide Corp.		157,368		18,530,082
Nathan’s Famous Inc.a,b		21,833		1,375,479
Noodles & Co.a,b		101,786		396,965
Papa John’s International Inc.		220,477		15,821,430

Security	Shares		Value
Penn National Gaming Inc.a,b		86,094	$	1,842,412
Pinnacle Entertainment Inc.a,b		299,139		5,910,987
Planet Fitness Inc. Class Ab		681,715		15,911,228
Potbelly Corp.a,b		48,489		557,624
RCI Hospitality Holdings Inc.		6,822		162,636
Red Robin Gourmet Burgers Inc.a,b		98,521		6,428,495
Red Rock Resorts Inc. Class A		549,678		12,944,917
Ruth’s Hospitality Group Inc.		242,013		5,263,783
Scientific Games Corp. Class Aa,b		431,430		11,260,323
SeaWorld Entertainment Inc.		555,202		9,033,137
Shake Shack Inc. Class Aa,b		177,520		6,191,898
Sonic Corp.		190,151		5,037,100
Texas Roadhouse Inc.		541,498		27,589,323
Wingstop Inc.b		234,996		7,261,376
Zoe’s Kitchen Inc.a,b		39,231		467,241
				382,834,612
HOUSEHOLD DURABLES — 1.38%
Cavco Industries Inc.a		69,114		8,960,630
Century Communities Inc.a		11,046		273,941
GoPro Inc. Class Aa,b		864,718		7,030,157
Helen of Troy Ltd.a		100,123		9,421,574
Hooker Furniture Corp.		91,731		3,774,731
Hovnanian Enterprises Inc. Class Aa		226,848		635,174
Installed Building Products Inc.a,b		174,514		9,240,516
iRobot Corp.a,b		214,029		18,008,400
KB Homeb		151,771		3,637,951
La-Z-Boy Inc.		173,058		5,624,385
LGI Homes Inc.a,b		92,163		3,703,109
M/I Homes Inc.a,b		39,170		1,118,303
MDC Holdings Inc.		136,079		4,807,671
Meritage Homes Corp.a		21,679		914,854
PICO Holdings Inc.a		18,997		332,448
Taylor Morrison Home Corp. Class Aa		494,652		11,876,595
TopBuild Corp.a		178,574		9,476,922
TRI Pointe Group Inc.a,b		71,028		936,859
UCP Inc. Class Aa		6,790		74,351
Universal Electronics Inc.a,b		114,268		7,638,816
William Lyon Homes Class Aa		36,058		870,440
ZAGG Inc.a,b		155,024		1,340,958
				109,698,785
HOUSEHOLD PRODUCTS — 0.38%
Central Garden & Pet Co.a,b		9,982		317,328

397

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Central Garden & Pet Co. Class Aa		35,015	$	1,051,150
HRG Group Inc.a		909,193		16,101,808
WD-40 Co.		111,774		12,334,261
				29,804,547
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.17%
Atlantic Power Corp.a		677,435		1,625,844
Ormat Technologies Inc.b		153,283		8,994,646
Pattern Energy Group Inc.		118,409		2,822,871
				13,443,361
INDUSTRIAL CONGLOMERATES — 0.12%
Raven Industries Inc.		292,423		9,737,686
				9,737,686
INSURANCE — 1.04%
Atlas Financial Holdings Inc.a,b		46,668		695,353
Crawford & Co. Class B		78,812		732,952
eHealth Inc.a		112,149		2,108,401
HCI Group Inc.		37,669		1,769,690
Health Insurance Innovations Inc.a		90,520		2,127,220
Heritage Insurance Holdings Inc.		25,649		333,950
Infinity Property & Casualty Corp.		12,118		1,139,092
Investors Title Co.		9,291		1,797,251
Kinsale Capital Group Inc.b		116,994		4,365,046
Maiden Holdings Ltd.		71,792		796,891
National General Holdings Corp.		242,668		5,120,295
Primerica Inc.		367,435		27,833,201
RLI Corp.		262,002		14,310,549
State National Companies Inc.		221,063		4,063,138
Stewart Information Services Corp.		9,030		409,781
Third Point Reinsurance Ltd.a,b		311,790		4,333,881
Trupanion Inc.a,b		181,580		4,063,760
United Insurance Holdings Corp.		107,575		1,692,155
Universal Insurance Holdings Inc.		193,093		4,865,944
				82,558,550
INTERNET & DIRECT MARKETING RETAIL — 0.86%
1-800-Flowers.com Inc. Class Aa		69,395		676,601
Duluth Holdings Inc.a,b		77,351		1,408,562
Etsy Inc.a,b		936,045		14,040,675
Groupon Inc.a,b		2,747,805		10,551,571
HSN Inc.		261,809		8,351,707
NutriSystem Inc.		241,572		12,573,823

Security	Shares		Value
Overstock.com Inc.a,b		67,731	$	1,104,015
PetMed Express Inc.		159,764		6,486,419
Shutterfly Inc.a,b		275,402		13,081,595
				68,274,968
INTERNET SOFTWARE & SERVICES — 5.22%
2U Inc.a,b		354,198		16,618,970
Alarm.com Holdings Inc.a,b		164,307		6,182,872
Alteryx Inc. Class Aa		71,881		1,403,117
Amber Road Inc.a,b		159,740		1,368,972
Angie’s List Inc.a,b		326,382		4,174,426
Appfolio Inc.a		64,507		2,102,928
Apptio Inc. Class Aa		143,553		2,490,645
Benefitfocus Inc.a,b		128,518		4,671,629
Blucora Inc.a,b		68,459		1,451,331
Box Inc. Class Aa		635,320		11,588,237
Brightcove Inc.a,b		274,308		1,700,710
Carbonite Inc.a,b		199,861		4,356,970
Care.com Inc.a,b		108,561		1,639,271
ChannelAdvisor Corp.a		192,645		2,225,050
Cimpress NVa,b		202,058		19,100,543
Cloudera Inc.a,b		112,763		1,806,463
CommerceHub Inc. Series Aa		111,046		1,934,421
CommerceHub Inc. Series Ca		235,134		4,100,737
Cornerstone OnDemand Inc.a		421,302		15,061,546
Coupa Software Inc.a		241,118		6,987,600
Endurance International Group Holdings Inc.a,b		469,101		3,916,993
Envestnet Inc.a,b		348,446		13,798,462
Five9 Inc.a,b		421,611		9,073,069
Global Sources Ltd.a		50,629		1,012,580
Gogo Inc.a,b		466,125		5,374,421
GrubHub Inc.a,b		695,001		30,302,044
GTT Communications Inc.a,b		250,503		7,928,420
Hortonworks Inc.a,b		387,071		4,985,474
Instructure Inc.a,b		171,914		5,071,463
Internap Corp.a,b		646,096		2,371,172
j2 Global Inc.		375,900		31,985,331
Limelight Networks Inc.a		266,486		770,145
LivePerson Inc.a,b		438,360		4,821,960
Meet Group Inc. (The)a,b		88,274		445,784
MINDBODY Inc. Class Aa,b		298,036		8,106,579
MuleSoft Inc. Class Aa,b		122,160		3,046,670
New Relic Inc.a,b		237,087		10,197,112
NIC Inc.		518,733		9,829,990

398

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Nutanix Inc. Class Aa,b		281,513	$	5,672,487
Okta Inc.a		89,884		2,049,355
Ominto Inc.a,b		105,046		1,601,951
Q2 Holdings Inc.a,b		253,464		9,365,495
Quotient Technology Inc.a,b		595,886		6,852,689
Reis Inc.		73,312		1,557,880
Shutterstock Inc.a,b		150,073		6,615,218
SPS Commerce Inc.a,b		136,977		8,733,654
Stamps.com Inc.a,b		128,107		19,840,572
TechTarget Inc.a,b		51,077		529,668
Trade Desk Inc. (The) Class Aa		140,209		7,025,873
TrueCar Inc.a,b		506,273		10,090,021
Tucows Inc. Class Aa,b		72,820		3,895,870
Twilio Inc. Class Aa,b		502,913		14,639,797
Veritone Inc.a		20,429		239,224
Web.com Group Inc.a,b		310,407		7,853,297
WebMD Health Corp.a,b		299,058		17,539,752
Xactly Corp.a		209,241		3,274,622
XO Group Inc.a,b		148,854		2,622,807
Yelp Inc.a,b		628,373		18,863,757
Yext Inc.a,b		98,054		1,307,060
				414,175,156
IT SERVICES — 2.66%
Acxiom Corp.a		327,395		8,505,722
Blackhawk Network Holdings Inc.a,b		442,431		19,289,992
CardConnect Corp.a		123,941		1,865,312
Cardtronics PLC Class Aa,b		368,725		12,116,303
Cass Information Systems Inc.		88,070		5,780,915
CSG Systems International Inc.		221,791		9,000,279
EPAM Systems Inc.a		397,733		33,445,368
Everi Holdings Inc.a,b		515,072		3,749,724
EVERTEC Inc.		408,594		7,068,676
ExlService Holdings Inc.a,b		264,740		14,714,249
Forrester Research Inc.		83,061		3,251,838
Hackett Group Inc. (The)		193,405		2,997,778
Information Services Group Inc.a,b		162,273		666,942
MAXIMUS Inc.		519,592		32,542,047
MoneyGram International Inc.a		22,129		381,725
NCI Inc. Class Aa		16,325		344,458
NeuStar Inc. Class Aa,b		119,457		3,983,891
Perficient Inc.a		16,654		310,431
Planet Payment Inc.a		341,318		1,126,349
Presidio Inc.a,b		97,597		1,396,613

Security	Shares		Value
Science Applications International Corp.		354,320	$	24,596,894
ServiceSource International Inc.a,b		401,476		1,557,727
StarTek Inc.a,b		82,177		1,005,846
Sykes Enterprises Inc.a		29,187		978,640
Syntel Inc.		267,739		4,540,853
TeleTech Holdings Inc.		112,320		4,582,656
Travelport Worldwide Ltd.		196,835		2,708,450
Unisys Corp.a,b		282,302		3,613,466
Virtusa Corp.a,b		162,933		4,790,230
				210,913,374
LEISURE PRODUCTS — 0.39%
American Outdoor Brands Corp.a,b		457,626		10,140,992
Malibu Boats Inc. Class Aa,b		147,031		3,803,692
Marine Products Corp.		63,060		984,367
MCBC Holdings Inc.a		148,789		2,908,825
Nautilus Inc.a,b		244,336		4,679,034
Sturm Ruger & Co. Inc.b		138,724		8,621,697
				31,138,607
LIFE SCIENCES TOOLS & SERVICES — 1.58%
Accelerate Diagnostics Inc.a,b		198,690		5,434,172
Albany Molecular Research Inc.a		209,649		4,549,383
Cambrex Corp.a,b		262,739		15,698,655
Enzo Biochem Inc.a,b		315,073		3,478,406
Fluidigm Corp.a,b		229,046		925,346
INC Research Holdings Inc. Class Aa		441,679		25,838,221
Luminex Corp.		145,168		3,065,948
NanoString Technologies Inc.a,b		55,181		912,694
NeoGenomics Inc.a,b		452,486		4,054,275
Pacific Biosciences of California Inc.a,b		678,400		2,415,104
PAREXEL International Corp.a		406,853		35,359,594
PRA Health Sciences Inc.a		313,596		23,522,836
				125,254,634
MACHINERY — 4.34%
Actuant Corp. Class Ab		244,800		6,022,080
Alamo Group Inc.		66,177		6,009,533
Albany International Corp. Class A		182,275		9,733,485
Altra Industrial Motion Corp.		231,859		9,227,988
Astec Industries Inc.		85,634		4,753,543
Barnes Group Inc.		54,885		3,212,419
Blue Bird Corp.a,b		30,562		519,554

399

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
CIRCOR International Inc.		65,461	$	3,887,074
Commercial Vehicle Group Inc.a		203,554		1,720,031
Douglas Dynamics Inc.		178,639		5,877,223
Energy Recovery Inc.a,b		293,232		2,430,893
EnPro Industries Inc.		171,154		12,215,261
ExOne Co. (The)a,b		83,518		956,281
Federal Signal Corp.		115,025		1,996,834
Franklin Electric Co. Inc.		353,714		14,643,760
Global Brass & Copper Holdings Inc.		161,382		4,930,220
Harsco Corp.a		650,380		10,471,118
Hillenbrand Inc.		512,278		18,493,236
Hyster-Yale Materials Handling Inc.		69,904		4,910,756
John Bean Technologies Corp.b		254,067		24,898,566
Kadant Inc.		87,741		6,598,123
Kennametal Inc.		649,586		24,307,508
Lindsay Corp.b		84,792		7,567,686
Lydall Inc.a		135,104		6,984,877
Milacron Holdings Corp.a		320,117		5,630,858
Miller Industries Inc./TN		6,325		157,176
Mueller Industries Inc.		460,766		14,030,325
Mueller Water Products Inc. Class A		759,335		8,869,033
Navistar International Corp.a,b		22,927		601,375
NN Inc.		219,094		6,014,130
Omega Flex Inc.		23,588		1,519,067
Proto Labs Inc.a,b		200,643		13,493,242
RBC Bearings Inc.a,b		187,202		19,049,676
REV Group Inc.		102,182		2,828,398
Spartan Motors Inc.		162,224		1,435,682
SPX Corp.a		344,464		8,666,714
SPX FLOW Inc.a,b		86,126		3,176,327
Standex International Corp.		80,595		7,309,967
Sun Hydraulics Corp.		191,124		8,155,261
Supreme Industries Inc. Class A		67,747		1,114,438
Tennant Co.		135,234		9,980,269
Wabash National Corp.b		132,457		2,911,405
Watts Water Technologies Inc. Class A		130,837		8,268,899
Woodward Inc.		431,008		29,127,521
				344,707,812

Security	Shares		Value
MARINE — 0.06%
Matson Inc.		163,213	$	4,902,919
				4,902,919
MEDIA — 1.24%
Emerald Expositions Events Inc.		9,242		202,400
Entravision Communications Corp. Class A		529,906		3,497,380
Eros International PLCa		110,131		1,261,000
Global Eagle Entertainment Inc.a,b		26,300		93,628
Gray Television Inc.a,b		337,609		4,625,243
Hemisphere Media Group Inc.a,b		9,962		118,050
IMAX Corp.a,b		466,608		10,265,376
Liberty Media Corp.-Liberty Braves Class Aa		80,496		1,923,049
Liberty Media Corp.-Liberty Braves Class Ca,b		277,485		6,651,315
Loral Space & Communications Inc.a,b		103,972		4,320,037
MDC Partners Inc. Class A		138,333		1,369,497
New York Times Co. (The) Class A		825,800		14,616,660
Nexstar Media Group Inc. Class A		367,582		21,981,404
Reading International Inc. Class Aa,b		32,730		527,935
Sinclair Broadcast Group Inc. Class A		584,191		19,219,884
tronc Inc.a		99,850		1,287,066
World Wrestling Entertainment Inc. Class A		309,476		6,304,026
				98,263,950
METALS & MINING — 0.47%
Century Aluminum Co.a,b		26,669		415,503
Coeur Mining Inc.a,b		234,423		2,011,350
Compass Minerals International Inc.b		250,357		16,348,312
Handy & Harman Ltd.a		13,595		426,883
Klondex Mines Ltd.a,b		412,622		1,390,536
Worthington Industries Inc.		333,232		16,734,911
				37,327,495
MULTILINE RETAIL — 0.43%
Big Lots Inc.b		363,709		17,567,145
Fred’s Inc. Class Ab		14,870		137,250

400

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Ollie’s Bargain Outlet Holdings Inc.a,b		385,110	$	16,405,686
Sears Holdings Corp.a,b		17,468		154,766
				34,264,847
OIL, GAS & CONSUMABLE FUELS — 0.77%
Abraxas Petroleum Corp.a,b		1,127,315		1,826,250
Ardmore Shipping Corp.		113,523		925,212
Bonanza Creek Energy Inc.a		12,120		384,325
Carrizo Oil & Gas Inc.a,b		505,667		8,808,719
CVR Energy Inc.		7,162		155,845
Energy XXI Gulf Coast Inc.a		39,703		737,285
Evolution Petroleum Corp.		212,183		1,718,682
Gastar Exploration Inc.a,b		697,462		645,850
Isramco Inc.a,b		5,720		654,368
Jagged Peak Energy Inc.a,b		258,195		3,446,903
Jones Energy Inc. Class Aa,b		52,446		83,914
Lilis Energy Inc.a,b		345,953		1,695,170
Matador Resources Co.a,b		726,389		15,522,933
Panhandle Oil and Gas Inc. Class A		69,348		1,601,939
Par Pacific Holdings Inc.a,b		100,020		1,804,361
Penn Virginia Corp.a		103,757		3,813,070
Resolute Energy Corp.a		10,003		297,789
Ring Energy Inc.a,b		345,700		4,494,100
Sanchez Energy Corp.a,b		451,551		3,242,136
SilverBow Resources Inc.a		11,504		300,945
SRC Energy Inc.a,b		178,102		1,198,626
Tellurian Inc.a,b		448,485		4,498,304
Ultra Petroleum Corp.a		138,895		1,507,011
Uranium Energy Corp.a,b		1,048,621		1,667,307
W&T Offshore Inc.a,b		43,234		84,739
Westmoreland Coal Co.a,b		36,811		179,270
				61,295,053
PAPER & FOREST PRODUCTS — 0.76%
Boise Cascade Co.a,b		60,705		1,845,432
Deltic Timber Corp.b		88,822		6,631,451
KapStone Paper and Packaging Corp.		703,377		14,510,667
Louisiana-Pacific Corp.a		1,105,035		26,642,394
Neenah Paper Inc.		111,440		8,943,060
Schweitzer-Mauduit International Inc.		47,372		1,763,660
Verso Corp. Class Aa		20,173		94,611
				60,431,275

Security	Shares		Value
PERSONAL PRODUCTS — 0.24%
elf Beauty Inc.a,b		167,460	$	4,556,587
Inter Parfums Inc.		65,892		2,414,942
Medifast Inc.		85,468		3,544,358
Natural Health Trends Corp.b		59,412		1,654,624
Revlon Inc. Class Aa,b		30,025		711,592
USANA Health Sciences Inc.a,b		93,814		6,013,477
				18,895,580
PHARMACEUTICALS — 3.37%
Aclaris Therapeutics Inc.a,b		162,982		4,420,072
Aerie Pharmaceuticals Inc.a,b		245,560		12,904,178
Amphastar Pharmaceuticals Inc.a,b		293,119		5,235,105
ANI Pharmaceuticals Inc.a,b		65,322		3,057,070
Aratana Therapeutics Inc.a,b		303,952		2,197,573
Assembly Biosciences Inc.a		113,409		2,341,896
Catalent Inc.a		1,017,774		35,723,867
Cempra Inc.a,b		32,153		147,904
Clearside Biomedical Inc.a,b		95,137		866,698
Collegium Pharmaceutical Inc.a,b		10,999		137,597
Corcept Therapeutics Inc.a,b		737,116		8,697,969
Corium International Inc.a,b		160,939		1,200,605
Depomed Inc.a,b		461,502		4,956,531
Dermira Inc.a,b		253,969		7,400,657
DURECT Corp.a,b		1,108,769		1,729,680
Heska Corp.a		52,175		5,325,502
Innoviva Inc.a		613,927		7,858,266
Intersect ENT Inc.a		211,638		5,915,282
Medicines Co. (The)a,b		515,146		19,580,699
MyoKardia Inc.a		127,005		1,663,765
Nektar Therapeuticsa,b		1,198,773		23,436,012
Neos Therapeutics Inc.a,b		149,400		1,090,620
Ocular Therapeutix Inc.a,b		182,308		1,689,995
Omeros Corp.a,b		336,727		6,702,551
Pacira Pharmaceuticals Inc./DEa,b		317,786		15,158,392
Paratek Pharmaceuticals Inc.a,b		190,627		4,594,111
Phibro Animal Health Corp. Series A		144,362		5,348,612
Prestige Brands Holdings Inc.a,b		431,244		22,773,996
Reata Pharmaceuticals Inc. Series Aa,b		68,842		2,178,161
Revance Therapeutics Inc.a,b		181,393		4,788,775
SciClone Pharmaceuticals Inc.a		147,401		1,621,411
Sucampo Pharmaceuticals Inc. Class Aa,b		165,532		1,738,086

401

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Supernus Pharmaceuticals Inc.a,b		383,149	$	16,513,722
Teligent Inc.a,b		339,886		3,109,957
TherapeuticsMD Inc.a,b		1,262,272		6,652,173
Theravance Biopharma Inc.a,b		337,732		13,455,243
WaVe Life Sciences Ltd.a,b		96,085		1,787,181
Zogenix Inc.a		150,790		2,186,455
Zynerba Pharmaceuticals Inc.a,b		92,212		1,564,838
				267,751,207
PROFESSIONAL SERVICES — 1.37%
Advisory Board Co. (The)a,b		326,841		16,832,311
Barrett Business Services Inc.		57,223		3,278,306
BG Staffing Inc.		55,990		973,106
Exponent Inc.		207,452		12,094,452
Franklin Covey Co.a,b		64,298		1,240,951
GP Strategies Corp.a,b		91,484		2,415,178
Hill International Inc.a,b		249,458		1,297,182
Insperity Inc.		148,185		10,521,135
Kforce Inc.		189,687		3,717,865
Mistras Group Inc.a,b		15,385		338,008
On Assignment Inc.a		410,864		22,248,286
Pendrell Corp.a		12,113		87,577
TriNet Group Inc.a,b		330,738		10,828,362
TrueBlue Inc.a		21,510		570,015
WageWorks Inc.a,b		301,738		20,276,794
Willdan Group Inc.a,b		61,015		1,864,008
				108,583,536
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.37%
Altisource Portfolio Solutions SAa,b		90,873		1,982,849
Consolidated-Tomoka Land Co.b		28,772		1,638,565
HFF Inc. Class A		297,810		10,354,854
Kennedy-Wilson Holdings Inc.		354,877		6,760,407
Marcus & Millichap Inc.a,b		129,669		3,418,075
Maui Land & Pineapple Co. Inc.a,b		54,290		1,102,087
RMR Group Inc. (The) Class A		56,890		2,767,698
Trinity Place Holdings Inc.a,b		146,730		1,043,250
				29,067,785
ROAD & RAIL — 0.93%
ArcBest Corp.		27,235		561,041
Avis Budget Group Inc.a		605,872		16,522,130
Daseke Inc.a		152,238		1,694,409
Heartland Express Inc.b		362,212		7,541,254
Knight Transportation Inc.b		554,987		20,562,268
Saia Inc.a		89,254		4,578,730

Security	Shares		Value
Schneider National Inc. Class B		244,279	$	5,464,521
Swift Transportation Co.a,b		588,279		15,589,394
Universal Logistics Holdings Inc.		50,621		759,315
YRC Worldwide Inc.a,b		54,827		609,676
				73,882,738
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 5.00%
Advanced Energy Industries Inc.a,b		321,317		20,785,997
Alpha & Omega Semiconductor Ltd.a		9,535		158,948
Ambarella Inc.a,b		111,046		5,391,283
Amkor Technology Inc.a		44,067		430,535
Axcelis Technologies Inc.a		242,921		5,089,195
Brooks Automation Inc.		556,321		12,066,603
Cabot Microelectronics Corp.		201,362		14,866,556
CEVA Inc.a,b		173,392		7,880,666
Cirrus Logic Inc.a		521,812		32,728,049
Cohu Inc.		37,156		584,835
Cyberoptics Corp.a		29,687		613,037
Diodes Inc.a		80,273		1,928,960
Entegris Inc.a		1,149,420		25,229,769
FormFactor Inc.a,b		582,303		7,220,557
Ichor Holdings Ltd.a		94,689		1,908,930
Impinj Inc.a,b		145,693		7,087,964
Inphi Corp.a,b		339,883		11,657,987
Integrated Device Technology Inc.a,b		1,084,000		27,956,360
Kopin Corp.a,b		446,679		1,657,179
Lattice Semiconductor Corp.a,b		996,336		6,635,598
MACOM Technology Solutions Holdings Inc.a,b		328,050		18,295,349
MaxLinear Inc.a		486,776		13,576,183
MKS Instruments Inc.		436,065		29,347,175
Monolithic Power Systems Inc.		323,686		31,203,330
Nanometrics Inc.a		160,363		4,055,580
NVE Corp.		35,904		2,764,608
PDF Solutions Inc.a,b		212,867		3,501,662
Pixelworks Inc.a		230,639		1,058,633
Power Integrations Inc.		232,055		16,916,810
Rambus Inc.a,b		235,530		2,692,108
Rudolph Technologies Inc.a		226,571		5,177,147
Semtech Corp.a		524,681		18,757,346
Silicon Laboratories Inc.a,b		339,481		23,203,526
Synaptics Inc.a,b		278,730		14,413,128

402

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
Ultra Clean Holdings Inc.a		266,274	$	4,992,638
Xcerra Corp.a		375,417		3,667,824
Xperi Corp.		395,952		11,799,370
				397,301,425
SOFTWARE — 6.29%
8x8 Inc.a		714,197		10,391,566
A10 Networks Inc.a		396,525		3,346,671
ACI Worldwide Inc.a,b		943,022		21,095,402
American Software Inc./GA Class A		125,853		1,295,027
Aspen Technology Inc.a		607,382		33,563,929
Barracuda Networks Inc.a,b		203,554		4,693,955
Blackbaud Inc.		385,778		33,080,464
Blackline Inc.a		88,771		3,172,676
Bottomline Technologies de Inc.a		283,550		7,284,400
BroadSoft Inc.a,b		248,469		10,696,590
Callidus Software Inc.a,b		521,552		12,621,558
CommVault Systems Inc.a		313,987		17,724,566
Digimarc Corp.a,b		77,536		3,113,070
Ebix Inc.b		194,426		10,479,561
Ellie Mae Inc.a,b		273,857		30,099,623
EnerNOC Inc.a		38,462		298,081
Everbridge Inc.a		137,105		3,339,878
Exa Corp.a,b		112,404		1,551,175
Fair Isaac Corp.		249,140		34,732,607
Gigamon Inc.a,b		292,284		11,501,375
Glu Mobile Inc.a,b		47,867		119,668
Guidance Software Inc.a,b		190,759		1,260,917
HubSpot Inc.a,b		272,266		17,901,490
Imperva Inc.a,b		270,834		12,959,407
Majescoa,b		46,141		227,475
MicroStrategy Inc. Class Aa		43,030		8,247,560
Mitek Systems Inc.a,b		249,765		2,098,026
MobileIron Inc.a,b		443,469		2,682,987
Model N Inc.a		188,478		2,506,757
Monotype Imaging Holdings Inc.		161,814		2,961,196
Park City Group Inc.a,b		106,985		1,299,868
Paycom Software Inc.a,b		398,803		27,282,113
Paylocity Holding Corp.a,b		210,230		9,498,191
Pegasystems Inc.b		296,442		17,297,391
Progress Software Corp.		322,061		9,948,464
Proofpoint Inc.a,b		347,441		30,168,302
PROS Holdings Inc.a,b		212,468		5,819,499
QAD Inc. Class A		51,854		1,661,921

Security	Shares		Value
Qualys Inc.a,b		254,010	$	10,363,608
Rapid7 Inc.a,b		168,770		2,840,399
RealPage Inc.a		474,731		17,066,580
RingCentral Inc. Class Aa,b		504,907		18,454,351
Rosetta Stone Inc.a,b		23,851		257,114
Silver Spring Networks Inc.a,b		79,792		900,054
Telenav Inc.a		128,876		1,043,896
Upland Software Inc.a,b		58,818		1,293,408
Varonis Systems Inc.a		154,772		5,757,518
VASCO Data Security International Inc.a		20,567		295,136
Verint Systems Inc.a,b		81,965		3,335,976
VirnetX Holding Corp.a,b		414,448		1,885,738
Workiva Inc.a,b		200,866		3,826,497
Zendesk Inc.a,b		786,151		21,839,275
Zix Corp.a,b		435,053		2,475,452
				499,658,408
SPECIALTY RETAIL — 1.65%
America’s Car-Mart Inc./TXa,b		21,080		820,012
Asbury Automotive Group Inc.a		151,608		8,573,433
At Home Group Inc.a		33,690		784,640
Camping World Holdings Inc. Class Ab		98,912		3,051,435
Carvana Co.a,b		10,296		210,759
Children’s Place Inc. (The)		139,563		14,249,382
Five Below Inc.a,b		437,086		21,578,936
Francesca’s Holdings Corp.a		298,232		3,262,658
J. Jill Inc.a		95,324		1,171,532
Lithia Motors Inc. Class A		188,479		17,760,376
Lumber Liquidators Holdings Inc.a		227,576		5,703,055
MarineMax Inc.a,b		121,324		2,371,884
Monro Muffler Brake Inc.		256,649		10,715,096
Party City Holdco Inc.a,b		13,778		215,626
RHa,b		276,310		17,827,521
Select Comfort Corp.a,b		332,479		11,799,680
Sportsman’s Warehouse Holdings Inc.a,b		292,700		1,580,580
Tailored Brands Inc.		128,783		1,437,218
Tile Shop Holdings Inc.		275,085		5,680,505
Winmark Corp.b		19,065		2,458,432
				131,252,760

403

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.96%
3D Systems Corp.a,b		883,968	$	16,530,202
Avid Technology Inc.a,b		193,404		1,017,305
CPI Card Group Inc.		165,280		471,048
Diebold Nixdorf Inc.		611,442		17,120,376
Eastman Kodak Co.a,b		114,300		1,040,130
Electronics For Imaging Inc.a,b		374,583		17,747,742
Immersion Corp.a,b		235,488		2,138,231
Intevac Inc.a		157,213		1,745,064
Pure Storage Inc. Class Aa,b		752,789		9,643,227
Quantum Corp.a		44,812		349,982
Stratasys Ltd.a,b		201,330		4,693,002
Super Micro Computer Inc.a,b		67,707		1,668,978
USA Technologies Inc.a,b		315,024		1,638,125
				75,803,412
TEXTILES, APPAREL & LUXURY GOODS — 0.73%
Columbia Sportswear Co.		84,056		4,880,291
Crocs Inc.a		429,210		3,309,209
Culp Inc.		89,959		2,923,668
Deckers Outdoor Corp.a,b		16,621		1,134,549
Oxford Industries Inc.		52,354		3,271,602
Steven Madden Ltd.a,b		478,180		19,103,291
Superior Uniform Group Inc.		68,032		1,520,515
Wolverine World Wide Inc.		763,387		21,382,470
				57,525,595
THRIFTS & MORTGAGE FINANCE — 0.70%
Bear State Financial Inc.		17,110		161,861
BofI Holding Inc.a,b		204,714		4,855,816
BSB Bancorp. Inc./MAa		17,838		521,761
Charter Financial Corp./MD		21,303		383,454
Essent Group Ltd.a		624,764		23,203,735
Greene County Bancorp. Inc.		20,380		554,336
Hingham Institution for Savings		5,406		983,513
LendingTree Inc.a		51,528		8,873,122
Meridian Bancorp. Inc.		61,194		1,034,179
Meta Financial Group Inc.		6,953		618,817
NMI Holdings Inc. Class Aa		70,534		807,614
Northfield Bancorp. Inc.		33,764		579,053
Ocwen Financial Corp.a,b		51,341		138,107
Provident Bancorp. Inc.a,b		3,421		76,972
Southern Missouri Bancorp. Inc.		2,949		95,135
Walker & Dunlop Inc.a		192,408		9,395,283

Security	Shares		Value
Waterstone Financial Inc.		17,765	$	334,870
Western New England Bancorp Inc.		19,006		192,911
WSFS Financial Corp.		65,018		2,948,566
				55,759,105
TOBACCO — 0.10%
Turning Point Brands Inc.a		40,855		626,716
Vector Group Ltd.		347,873		7,416,652
				8,043,368
TRADING COMPANIES & DISTRIBUTORS — 1.06%
Applied Industrial Technologies Inc.		309,845		18,296,347
Beacon Roofing Supply Inc.a		364,214		17,846,486
BMC Stock Holdings Inc.a		28,069		613,308
CAI International Inc.a		58,139		1,372,080
DXP Enterprises Inc./TXa		98,301		3,391,385
EnviroStar Inc.		28,378		767,625
Foundation Building Materials Inc.a,b		32,800		421,808
GMS Inc.a		190,521		5,353,640
H&E Equipment Services Inc.		254,868		5,201,856
Herc Holdings Inc.a		195,296		7,679,039
Huttig Building Products Inc.a,b		141,418		991,340
Kaman Corp.		18,074		901,350
Lawson Products Inc./DEa,b		38,831		860,107
Neff Corp.a,b		60,002		1,140,038
Rush Enterprises Inc. Class Aa		115,025		4,276,629
Rush Enterprises Inc. Class Ba		20,559		748,553
SiteOne Landscape Supply Inc.a,b		274,593		14,295,312
Willis Lease Finance Corp.a		3,034		81,099
				84,238,002
WATER UTILITIES — 0.35%
American States Water Co.		202,382		9,594,931
California Water Service Group		240,536		8,851,725
Global Water Resources Inc.		82,063		812,424
Middlesex Water Co.		110,452		4,373,899
Pure Cycle Corp.a,b		138,379		1,072,437
York Water Co. (The)		93,483		3,257,882
				27,963,298
WIRELESS TELECOMMUNICATION SERVICES — 0.20%
Boingo Wireless Inc.a,b		294,033		4,398,734
Shenandoah Telecommunications Co.		375,778		11,536,384
				15,935,118
TOTAL COMMON STOCKS (Cost: $7,339,083,727)				7,927,595,572

404

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 GROWTH ETF

June 30, 2017

Security	Shares		Value
SHORT-TERM INVESTMENTS — 18.53%
MONEY MARKET FUNDS — 18.53%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		1,455,434,679	$	1,455,871,310
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		15,771,995		15,771,995
				1,471,643,305
TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,471,308,954)				1,471,643,305

	Value
TOTAL INVESTMENTS IN SECURITIES — 118.36%
(Cost: $8,810,392,681)g	$	9,399,238,877
Other Assets, Less Liabilities — (18.36)%		(1,457,700,051	)
NET ASSETS — 100.00%	$	7,941,538,826

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $8,863,841,079. Net unrealized appreciation was $535,397,798, of which $1,028,184,206 represented gross unrealized appreciation on securities and $492,786,408 represented gross unrealized depreciation on securities.

Schedule 1 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
Russell 2000 Mini		176		Sep. 2017		ICE Markets Equity	$	12,418,315	$	12,445,840	$	27,525

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	7,925,027,156	$	—	$	2,568,416	$	7,927,595,572
Money market funds		1,471,643,305		—		—		1,471,643,305
Total	$	9,396,670,461	$	—	$	2,568,416	$	9,399,238,877
Derivative financial instrumentsa:
Assets:
Futures contracts	$	27,525	$	—	$	—	$	27,525
Total	$	27,525	$	—	$	—	$	27,525

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

405

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.75%
AEROSPACE & DEFENSE — 1.92%
AAR Corp.		284,653	$	9,894,538
Aerovironment Inc.a,b		184,019		7,029,526
Cubic Corp.		222,116		10,283,971
Curtiss-Wright Corp.		98,891		9,076,216
DigitalGlobe Inc.a,b		546,150		18,186,795
Ducommun Inc.a,b		93,724		2,959,804
Engility Holdings Inc.a		160,148		4,548,203
Esterline Technologies Corp.a		230,370		21,839,076
KEYW Holding Corp. (The)a,b		428,303		4,004,633
KLX Inc.a		455,349		22,767,450
Kratos Defense & Security Solutions Inc.a,b		391,761		4,650,203
Mercury Systems Inc.a,b		33,648		1,416,244
Moog Inc. Class Aa		254,615		18,260,988
National Presto Industries Inc.		39,661		4,382,541
Sparton Corp.a,b		81,982		1,802,784
Triumph Group Inc.		431,694		13,641,530
Vectrus Inc.a		80,334		2,596,395
Wesco Aircraft Holdings Inc.a,b		494,516		5,365,499
				162,706,396
AIR FREIGHT & LOGISTICS — 0.31%
Atlas Air Worldwide Holdings Inc.a,b		204,829		10,681,832
Echo Global Logistics Inc.a,b		244,734		4,870,207
Hub Group Inc. Class Aa,b		288,658		11,070,034
				26,622,073
AIRLINES — 0.21%
Hawaiian Holdings Inc.a		44,647		2,096,177
SkyWest Inc.		448,386		15,738,348
				17,834,525
AUTO COMPONENTS — 1.04%
American Axle & Manufacturing Holdings Inc.a,b		739,297		11,533,033
Cooper Tire & Rubber Co.		467,294		16,869,313
Cooper-Standard Holding Inc.a		121,169		12,222,317
Dana Inc.		658,985		14,715,135
Gentherm Inc.a		70,220		2,724,536
Modine Manufacturing Co.a		439,382		7,271,772
Motorcar Parts of America Inc.a,b		165,771		4,681,373
Shiloh Industries Inc.a		30,173		354,231
Standard Motor Products Inc.		72,368		3,779,057

Security	Shares		Value
Stoneridge Inc.a,b		239,361	$	3,688,553
Superior Industries International Inc.		218,707		4,494,429
Tower International Inc.		175,581		3,941,794
VOXX International Corp.a		180,713		1,481,847
				87,757,390
AUTOMOBILES — 0.01%
Winnebago Industries Inc.		35,001		1,225,035
				1,225,035
BANKS — 18.94%
1st Source Corp.		143,291		6,869,371
Access National Corp.b		123,681		3,280,020
ACNB Corp.		53,517		1,632,269
Allegiance Bancshares Inc.a,b		30,524		1,169,069
American National Bankshares Inc.		73,530		2,716,934
Ameris Bancorp.		77,786		3,749,285
Ames National Corp.		76,461		2,339,707
Arrow Financial Corp.		102,318		3,238,365
Atlantic Capital Bancshares Inc.a,b		153,238		2,911,522
Banc of California Inc.b		386,063		8,300,354
BancFirst Corp.		74,555		7,202,013
Banco Latinoamericano de Comercio Exterior SA Class E		268,486		7,351,147
Bancorp. Inc. (The)a,b		437,577		3,316,834
BancorpSouth Inc.		757,188		23,094,234
Bank of Commerce Holdings		139,082		1,536,856
Bank of Marin Bancorp.		53,709		3,305,789
Bank of NT Butterfield & Son Ltd. (The)		136,535		4,655,844
Bankwell Financial Group Inc.		46,935		1,465,780
Banner Corp.		289,894		16,381,910
Bar Harbor Bankshares		133,593		4,117,336
BCB Bancorp. Inc.		87,126		1,333,028
Berkshire Hills Bancorp. Inc.		312,715		10,991,932
Blue Hills Bancorp. Inc.		108,768		1,946,947
Boston Private Financial Holdings Inc.		737,360		11,318,476
Bridge Bancorp. Inc.		168,028		5,595,332
Brookline Bancorp. Inc.		664,326		9,699,160
Bryn Mawr Bank Corp.		148,526		6,312,355
C&F Financial Corp.		29,595		1,388,006
Cadence BanCorpa		79,338		1,735,915
California First National Bancorp.		21,819		411,288
Camden National Corp.		136,346		5,850,607
Capital Bank Financial Corp. Class A		255,777		9,745,104
Capital City Bank Group Inc.		98,917		2,019,885

406

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
Capstar Financial Holdings Inc.a,b		55,074	$	977,013
Carolina Financial Corp.b		39,177		1,266,201
Cathay General Bancorp.		662,691		25,149,123
CenterState Banks Inc.		476,852		11,854,541
Central Pacific Financial Corp.		243,391		7,659,515
Central Valley Community Bancorp.		89,442		1,982,035
Century Bancorp. Inc./MA Class A		26,665		1,695,894
Chemical Financial Corp.		623,743		30,195,399
Chemung Financial Corp.		29,060		1,187,973
Citizens & Northern Corp.		104,872		2,439,323
City Holding Co.b		134,649		8,869,330
Civista Bancshares Inc.		90,349		1,886,487
CNB Financial Corp./PA		132,683		3,180,412
CoBiz Financial Inc.		302,786		5,268,476
Codorus Valley Bancorp. Inc.		72,693		2,064,481
Columbia Banking System Inc.		514,225		20,491,866
Commerce Union Bancshares Inc.b		63,507		1,515,912
Community Bank System Inc.		431,998		24,092,528
Community Bankers Trust Corp.a		192,655		1,589,404
Community Financial Corp. (The )b		36,322		1,398,397
Community Trust Bancorp. Inc.		136,473		5,970,694
ConnectOne Bancorp. Inc.		194,917		4,395,378
County Bancorp. Inc.		42,447		1,018,728
CU Bancorp.a		128,644		4,650,481
Customers Bancorp. Inc.a,b		250,600		7,086,968
CVB Financial Corp.b		914,787		20,518,672
DNB Financial Corp.b		28,937		992,539
Eagle Bancorp. Inc.a		55,130		3,489,729
Enterprise Bancorp. Inc./MA		84,215		2,993,001
Enterprise Financial Services Corp.		200,109		8,164,447
Equity Bancshares Inc. Class Aa,b		62,113		1,903,142
Evans Bancorp. Inc.b		42,112		1,682,374
Farmers & Merchants Bancorp. Inc./Archbold OHb		37,876		2,348,312
Farmers Capital Bank Corp.		66,308		2,556,173
Farmers National Banc Corp.		224,158		3,250,291
FB Financial Corp.a,b		30,187		1,092,468
FCB Financial Holdings Inc. Class Aa,b		309,721		14,789,178
Fidelity Southern Corp.		191,313		4,373,415
Financial Institutions Inc.		123,583		3,682,773
First Bancorp. Inc./ME		89,999		2,435,373
First BanCorp./Puerto Ricoa		1,456,311		8,432,041
First Bancorp./Southern Pines NC		215,369		6,732,435

Security	Shares		Value
First Bancshares Inc. (The)b		75,916	$	2,095,282
First Busey Corp.		287,818		8,438,824
First Business Financial Services Inc.		75,585		1,744,502
First Citizens BancShares Inc./NC Class A		65,238		24,314,203
First Commonwealth Financial Corp.		855,870		10,852,432
First Community Bancshares Inc./VA		146,125		3,996,519
First Community Financial Partners Inc.a,b		125,659		1,621,001
First Connecticut Bancorp. Inc./Farmington CT		99,725		2,557,946
First Financial Bancorp.		544,623		15,086,057
First Financial Bankshares Inc.		196,537		8,686,935
First Financial Corp./IN		93,034		4,400,508
First Financial Northwest Inc.		68,614		1,106,744
First Foundation Inc.a,b		163,940		2,693,534
First Guaranty Bancshares Inc.b		35,409		964,541
First Internet Bancorp.		54,156		1,519,076
First Interstate BancSystem Inc.		228,010		8,481,972
First Merchants Corp.		362,181		14,537,945
First Mid-Illinois Bancshares Inc.		90,232		3,089,544
First Midwest Bancorp. Inc./IL		898,444		20,942,730
First Northwest Bancorp.a,b		90,411		1,425,781
First of Long Island Corp. (The)		167,942		4,803,141
Flushing Financial Corp.		245,973		6,933,979
FNB Bancorp./CAb		48,899		1,342,767
Franklin Financial Network Inc.a,b		77,759		3,207,559
Fulton Financial Corp.		1,508,896		28,669,024
German American Bancorp. Inc.		187,827		6,403,022
Glacier Bancorp. Inc.		566,826		20,751,500
Great Southern Bancorp. Inc.		96,261		5,149,963
Great Western Bancorp. Inc.		521,005		21,262,214
Green Bancorp. Inc.a,b		152,242		2,953,495
Guaranty Bancorp.		167,831		4,565,003
Hancock Holding Co.		741,746		36,345,554
Hanmi Financial Corp.		280,015		7,966,427
HarborOne Bancorp Inc.a,b		60,587		1,209,317
Heartland Financial USA Inc.		217,211		10,230,638
Heritage Commerce Corp.		291,749		4,020,301
Heritage Financial Corp./WA		261,766		6,936,799
Hilltop Holdings Inc.		659,622		17,288,693
Home BancShares Inc./AR		70,685		1,760,057
HomeTrust Bancshares Inc.a		149,391		3,645,140
Hope Bancorp Inc.		1,141,663		21,292,015

407

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
Horizon Bancorp./IN		188,959	$	4,979,070
Howard Bancorp. Inc.a,b		64,760		1,246,630
IBERIABANK Corp.		445,019		36,269,048
Independent Bank Corp./MI		180,554		3,927,050
Independent Bank Corp./Rockland MA		234,636		15,638,489
Independent Bank Group Inc.		156,213		9,294,673
International Bancshares Corp.		481,810		16,887,440
Investar Holding Corp.b		50,020		1,145,458
Investors Bancorp. Inc.		2,281,550		30,481,508
Lakeland Bancorp. Inc.		398,810		7,517,568
Lakeland Financial Corp.		179,394		8,230,597
LCNB Corp.		80,435		1,608,700
LegacyTexas Financial Group Inc.		244,258		9,313,558
Macatawa Bank Corp.		232,114		2,214,368
MainSource Financial Group Inc.		219,666		7,361,008
MB Financial Inc.		653,048		28,760,234
MBT Financial Corp.		165,779		1,608,056
Mercantile Bank Corp.		143,884		4,529,468
Middlefield Banc Corp.b		23,623		1,190,599
Midland States Bancorp. Inc.		127,510		4,274,135
MidSouth Bancorp. Inc.		75,954		892,460
MidWestOne Financial Group Inc.		99,249		3,363,549
MutualFirst Financial Inc.		54,830		1,957,431
National Bank Holdings Corp. Class A		145,074		4,803,400
National Bankshares Inc.b		60,383		2,463,626
National Commerce Corp.a,b		51,582		2,040,068
NBT Bancorp. Inc.		377,251		13,939,424
Nicolet Bankshares Inc.a		79,945		4,373,791
Northrim BanCorp. Inc.		62,176		1,890,150
Norwood Financial Corp.b		35,007		1,479,046
OFG Bancorp.		384,430		3,844,300
Ohio Valley Banc Corp.b		36,800		1,326,640
Old Line Bancshares Inc.		67,094		1,890,709
Old National Bancorp./IN		1,186,922		20,474,404
Old Point Financial Corp.b		32,875		1,080,930
Old Second Bancorp. Inc.		257,568		2,974,910
Opus Bankb		62,377		1,509,523
Orrstown Financial Services Inc.		65,398		1,494,344
Pacific Continental Corp.		93,255		2,382,665
Pacific Mercantile Bancorp.a,b		142,302		1,252,258
Pacific Premier Bancorp. Inc.a,b		226,966		8,375,045
Paragon Commercial Corp.a		33,464		1,755,856

Security	Shares		Value
Park National Corp.		118,144	$	12,253,896
Park Sterling Corp.		301,897		3,586,536
Parke Bancorp. Inc.		51,768		1,159,603
Peapack Gladstone Financial Corp.		149,745		4,685,521
Penns Woods Bancorp. Inc.		41,340		1,702,381
People’s Utah Bancorp.		104,509		2,800,841
Peoples Bancorp. Inc./OH		144,838		4,653,645
Peoples Bancorp. of North Carolina Inc.		38,197		1,207,025
Peoples Financial Services Corp.		61,089		2,671,422
Premier Financial Bancorp. Inc.		84,322		1,737,876
QCR Holdings Inc.		108,099		5,123,893
Renasant Corp.		381,647		16,693,240
Republic Bancorp. Inc./KY Class A		86,522		3,088,835
Republic First Bancorp. Inc.a,b		340,214		3,146,980
S&T Bancorp. Inc.		302,439		10,845,463
Sandy Spring Bancorp. Inc.		209,488		8,517,782
Seacoast Banking Corp. of Floridaa		353,731		8,524,917
Shore Bancshares Inc.		114,458		1,882,834
Sierra Bancorp.		112,326		2,757,603
Simmons First National Corp. Class A		266,053		14,074,204
SmartFinancial Inc.a,b		64,336		1,536,344
South State Corp.		254,166		21,782,026
Southern First Bancshares Inc.a		58,783		2,177,910
Southern National Bancorp. of Virginia Inc.		162,584		2,861,478
Southside Bancshares Inc.		245,143		8,565,296
Southwest Bancorp. Inc.		158,157		4,040,911
State Bank Financial Corp.		332,018		9,004,328
Sterling Bancorp./DE		1,159,820		26,965,815
Stock Yards Bancorp. Inc.		193,267		7,518,086
Stonegate Bank		99,525		4,596,065
Summit Financial Group Inc.		97,188		2,138,136
Sun Bancorp. Inc./NJb		95,824		2,362,062
Sunshine Bancorp. Inc.a		56,856		1,211,601
Texas Capital Bancshares Inc.a,b		103,160		7,984,584
Tompkins Financial Corp.		122,778		9,665,084
TowneBank/Portsmouth VA		499,768		15,392,854
TriCo Bancshares		181,035		6,363,380
Tristate Capital Holdings Inc.a,b		143,994		3,628,649
Triumph Bancorp. Inc.a,b		136,582		3,353,088
Trustmark Corp.		599,503		19,280,016
Two River Bancorp.b		65,096		1,210,135
UMB Financial Corp.		398,337		29,819,508

408

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
Umpqua Holdings Corp.		1,949,130	$	35,786,027
Union Bankshares Corp.		381,560		12,934,884
Union Bankshares Inc./Morrisville VTb		5,401		256,548
United Bankshares Inc./WV		880,229		34,504,977
United Community Banks Inc./GA		625,106		17,377,947
United Security Bancshares/Fresno CA		120,533		1,114,930
Unity Bancorp. Inc.b		69,691		1,198,685
Univest Corp. of Pennsylvania		228,354		6,839,202
Valley National Bancorp.		2,272,926		26,843,256
Veritex Holdings Inc.a,b		87,176		2,295,344
Washington Trust Bancorp. Inc.		132,834		6,847,593
WashingtonFirst Bankshares Inc.		86,911		3,001,037
WesBanco Inc.		372,126		14,713,862
West Bancorp. Inc.		109,645		2,593,104
Westamerica Bancorp.		223,947		12,549,990
Wintrust Financial Corp.		488,113		37,311,358
Xenith Bankshares Inc.a		47,078		1,462,243
				1,601,843,306
BEVERAGES — 0.01%
MGP Ingredients Inc.		14,553		744,677
				744,677
BIOTECHNOLOGY — 2.21%
Abeona Therapeutics Inc.a,b		219,077		1,402,093
Acceleron Pharma Inc.a		50,589		1,537,400
Achillion Pharmaceuticals Inc.a		1,038,507		4,766,747
Acorda Therapeutics Inc.a,b		330,462		6,510,101
Adamas Pharmaceuticals Inc.a,b		62,740		1,097,323
Advaxis Inc.a		31,908		207,083
Agenus Inc.a,b		108,068		422,546
Alder Biopharmaceuticals Inc.a		348,163		3,986,466
AMAG Pharmaceuticals Inc.a,b		312,444		5,748,970
Ardelyx Inc.a,b		300,355		1,531,811
Array BioPharma Inc.a,b		190,294		1,592,761
Atara Biotherapeutics Inc.a,b		226,598		3,172,372
Athersys Inc.a,b		48,632		73,434
Audentes Therapeutics Inc.a		12,583		240,713
Bellicum Pharmaceuticals Inc.a,b		78,754		919,847
BioCryst Pharmaceuticals Inc.a,b		112,691		626,562
Biohaven Pharmaceutical Holding Co. Ltd.a		11,760		294,000
BioTime Inc.a		676,812		2,131,958

Security	Shares		Value
Bluebird Bio Inc.a,b		239,229	$	25,131,006
Cara Therapeutics Inc.a,b		33,686		518,428
Cascadian Therapeutics Inc.a		310,000		1,151,650
Celldex Therapeutics Inc.a,b		1,078,153		2,663,038
Chimerix Inc.a,b		416,314		2,268,911
Concert Pharmaceuticals Inc.a,b		90,394		1,260,996
Corvus Pharmaceuticals Inc.a,b		76,731		928,445
Dynavax Technologies Corp.a,b		401,696		3,876,366
Editas Medicine Inc.a		86,291		1,447,963
Emergent BioSolutions Inc.a		155,013		5,256,491
Enanta Pharmaceuticals Inc.a,b		137,643		4,952,395
Epizyme Inc.a,b		99,874		1,508,097
Fate Therapeutics Inc.a,b		261,876		848,478
Five Prime Therapeutics Inc.a,b		241,494		7,271,384
Genocea Biosciences Inc.a,b		45,644		238,262
Heron Therapeutics Inc.a		58,736		813,494
Idera Pharmaceuticals Inc.a,b		62,630		107,724
Immune Design Corp.a,b		135,684		1,322,919
Immunomedics Inc.a,b		557,623		4,923,811
Insmed Inc.a		79,870		1,370,569
Intellia Therapeutics Inc.a		128,771		2,060,336
Iovance Biotherapeutics Inc.a		440,218		3,235,602
Karyopharm Therapeutics Inc.a,b		239,207		2,164,823
Kindred Biosciences Inc.a,b		169,921		1,461,321
MacroGenics Inc.a,b		212,471		3,720,367
MediciNova Inc.a		48,337		254,253
Merrimack Pharmaceuticals Inc.b		434,532		538,820
Minerva Neurosciences Inc.a		39,369		348,416
Miragen Therapeutics Inc.a,b		20,703		267,690
Momenta Pharmaceuticals Inc.a,b		492,081		8,316,169
Myriad Genetics Inc.a		565,004		14,599,703
NantKwest Inc.a,b		273,295		2,074,309
Novavax Inc.a,b		1,550,770		1,783,385
Novelion Therapeutics Inc.a		136,187		1,257,006
Nymox Pharmaceutical Corp.a		164,369		723,224
Otonomy Inc.a,b		251,785		4,746,147
PDL BioPharma Inc.		1,413,715		3,491,876
Portola Pharmaceuticals Inc.a,b		32,761		1,840,185
Protagonist Therapeutics Inc.a		52,119		589,466
Prothena Corp. PLCa		76,676		4,149,705
PTC Therapeutics Inc.a,b		59,876		1,097,527
Recro Pharma Inc.a		115,629		812,872
REGENXBIO Inc.a,b		176,090		3,477,777
Retrophin Inc.a,b		336,260		6,520,081

409

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
Sarepta Therapeutics Inc.a		109,709	$	3,698,290
Spectrum Pharmaceuticals Inc.a,b		687,054		5,118,552
Stemline Therapeutics Inc.a,b		167,073		1,537,072
Syndax Pharmaceuticals Inc.a,b		10,214		142,690
Tocagen Inc.a		10,005		120,360
Trevena Inc.a,b		466,879		1,073,822
Voyager Therapeutics Inc.a,b		133,858		1,199,368
XBiotech Inc.a,b		18,488		86,894
				186,630,722
BUILDING PRODUCTS — 0.50%
Armstrong Flooring Inc.a,b		209,397		3,762,864
Caesarstone Ltd.a,b		74,228		2,601,691
CSW Industrials Inc.a,b		73,321		2,833,857
Gibraltar Industries Inc.a,b		281,704		10,042,748
Griffon Corp.		40,726		893,936
Insteel Industries Inc.b		17,898		590,097
Quanex Building Products Corp.		278,821		5,897,064
Simpson Manufacturing Co. Inc.		308,639		13,490,611
Universal Forest Products Inc.		20,604		1,798,935
				41,911,803
CAPITAL MARKETS — 1.23%
Arlington Asset Investment Corp. Class Ab		168,823		2,307,810
Associated Capital Group Inc.		44,186		1,502,324
B. Riley Financial Inc.		122,149		2,265,864
Cowen Group Inc. Class Aa,b		218,174		3,545,328
Donnelley Financial Solutions Inc.a		22,982		527,667
Fifth Street Asset Management Inc.		31,976		155,084
GAIN Capital Holdings Inc.		324,027		2,018,688
GAMCO Investors Inc. Class A		34,189		1,011,994
Greenhill & Co. Inc.		244,448		4,913,405
Hamilton Lane Inc. Class A		41,258		907,263
INTL. FCStone Inc.a		135,100		5,101,376
Investment Technology Group Inc.		201,370		4,277,099
KCG Holdings Inc. Class Aa		395,556		7,887,387
Ladenburg Thalmann Financial Services Inc.a,b		794,469		1,938,504
Medley Management Inc.		29,999		194,994
Oppenheimer Holdings Inc. Class A		86,397		1,416,911
Piper Jaffray Companies		120,791		7,241,420
PJT Partners Inc. Class A		160,302		6,447,346
Pzena Investment Management Inc. Class A		34,784		353,405

Security	Shares		Value
Safeguard Scientifics Inc.a,b		178,642	$	2,125,840
Stifel Financial Corp.a,b		586,459		26,965,385
Value Line Inc.		3,602		65,917
Virtus Investment Partners Inc.		51,446		5,707,934
Waddell & Reed Financial Inc. Class A		666,180		12,577,478
Wins Finance Holdings Inc.a,b		11,323		2,377,830
				103,834,253
CHEMICALS — 1.47%
AdvanSix Inc.a		37,547		1,172,968
AgroFresh Solutions Inc.a,b		198,254		1,423,464
American Vanguard Corp.		254,895		4,396,939
Calgon Carbon Corp.		414,090		6,252,759
Codexis Inc.a,b		29,177		159,015
Core Molding Technologies Inc.a		67,492		1,458,502
Flotek Industries Inc.a,b		437,797		3,913,905
FutureFuel Corp.		222,629		3,359,472
GCP Applied Technologies Inc.a,b		630,946		19,243,853
Hawkins Inc.		68,632		3,181,093
HB Fuller Co.		112,335		5,741,442
Innophos Holdings Inc.		171,304		7,509,967
Innospec Inc.		210,840		13,820,562
Intrepid Potash Inc.a,b		848,321		1,917,205
Kraton Corp.a,b		208,732		7,188,730
LSB Industries Inc.a,b		191,237		1,975,478
Minerals Technologies Inc.		134,213		9,824,392
OMNOVA Solutions Inc.a		132,863		1,295,414
Rayonier Advanced Materials Inc.		142,071		2,233,356
Stepan Co.		64,416		5,613,210
Trecora Resourcesa,b		178,294		2,005,808
Tredegar Corp.		227,889		3,475,307
Trinseo SA		118,305		8,127,554
Tronox Ltd. Class A		577,678		8,734,491
Valhi Inc.		245,005		730,115
				124,755,001
COMMERCIAL SERVICES & SUPPLIES — 1.48%
ABM Industries Inc.		242,037		10,049,376
ACCO Brands Corp.a		951,534		11,085,371
ARC Document Solutions Inc.a		358,983		1,493,369
Brady Corp. Class A		91,346		3,096,629
Casella Waste Systems Inc. Class Aa,b		278,857		4,576,043
CECO Environmental Corp.		266,310		2,444,726

410

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
CompX International Inc.		20,894	$	318,634
Ennis Inc.		222,384		4,247,534
Essendant Inc.		333,502		4,945,835
Heritage-Crystal Clean Inc.a,b		57,623		916,206
Herman Miller Inc.		79,718		2,423,427
InnerWorkings Inc.a,b		29,132		337,931
Interface Inc.		57,961		1,138,934
Kimball International Inc. Class B		46,374		773,982
Knoll Inc.		27,382		549,009
LSC Communications Inc.		297,581		6,368,233
McGrath RentCorp		193,875		6,713,891
Mobile Mini Inc.		386,728		11,543,831
NL Industries Inc.a,b		81,229		572,665
Quad/Graphics Inc.		124,533		2,854,296
RR Donnelley & Sons Co.		415,735		5,213,317
SP Plus Corp.a,b		107,770		3,292,374
Steelcase Inc. Class A		144,468		2,022,552
Team Inc.a,b		142,189		3,334,332
Tetra Tech Inc.		35,514		1,624,766
UniFirst Corp./MAb		135,022		18,997,595
Viad Corp.		71,928		3,398,598
VSE Corp.		76,780		3,453,564
West Corp.		329,468		7,683,194
				125,470,214
COMMUNICATIONS EQUIPMENT — 1.68%
Acacia Communications Inc.a,b		15,694		650,830
ADTRAN Inc.		429,908		8,877,600
Calix Inc.a,b		382,807		2,622,228
Comtech Telecommunications Corp.		203,956		3,869,045
Digi International Inc.a		236,258		2,398,019
EMCORE Corp.		85,371		909,201
Finisar Corp.a,b		527,060		13,693,019
Harmonic Inc.a,b		697,768		3,663,282
Infinera Corp.a,b		1,279,407		13,651,273
KVH Industries Inc.a,b		144,556		1,373,282
NETGEAR Inc.a,b		285,238		12,293,758
NetScout Systems Inc.a,b		782,035		26,902,004
Oclaro Inc.a,b		192,826		1,800,995
ShoreTel Inc.a		607,122		3,521,308
Sonus Networks Inc.a,b		422,278		3,141,748
ViaSat Inc.a,b		443,248		29,343,017
Viavi Solutions Inc.a		1,268,766		13,360,106
				142,070,715

Security	Shares		Value
CONSTRUCTION & ENGINEERING — 0.89%
Aegion Corp.a,b		294,766	$	6,449,480
Ameresco Inc. Class Aa,b		172,910		1,331,407
Chicago Bridge & Iron Co. NVb		886,654		17,493,683
EMCOR Group Inc.		128,805		8,421,271
Granite Construction Inc.		78,334		3,778,832
Great Lakes Dredge & Dock Corp.a,b		462,792		1,990,006
IES Holdings Inc.a,b		79,824		1,448,806
KBR Inc.		1,130,845		17,211,461
Layne Christensen Co.a,b		159,205		1,399,412
MYR Group Inc.a		78,726		2,442,080
Northwest Pipe Co.a,b		85,864		1,396,149
NV5 Global Inc.a,b		18,242		775,285
Orion Group Holdings Inc.a		127,508		952,485
Sterling Construction Co. Inc.a,b		176,027		2,300,673
Tutor Perini Corp.a,b		280,243		8,056,986
				75,448,016
CONSTRUCTION MATERIALS — 0.01%
U.S. Lime & Minerals Inc.		16,055		1,259,836
				1,259,836
CONSUMER FINANCE — 0.67%
Elevate Credit Inc.a		120,361		953,259
Encore Capital Group Inc.a,b		193,358		7,763,323
Enova International Inc.a,b		201,428		2,991,206
Ezcorp Inc. Class Aa		443,522		3,415,119
FirstCash Inc.		340,716		19,863,743
LendingClub Corp.a,b		232,241		1,279,648
Nelnet Inc. Class A		177,207		8,330,501
PRA Group Inc.a,b		166,041		6,292,954
Regional Management Corp.a,b		84,971		2,007,865
World Acceptance Corp.a,b		52,292		3,917,194
				56,814,812
CONTAINERS & PACKAGING — 0.05%
Greif Inc. Class A NVS		31,358		1,749,149
Greif Inc. Class B		7,241		437,357
UFP Technologies Inc.a,b		57,930		1,639,419
				3,825,925
DISTRIBUTORS — 0.02%
Weyco Group Inc.		58,109		1,620,079
				1,620,079

411

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
DIVERSIFIED CONSUMER SERVICES — 0.64%
Adtalem Global Education Inc.b		547,452	$	20,775,803
American Public Education Inc.a		140,659		3,326,585
Ascent Capital Group Inc. Class Aa,b		101,981		1,566,428
Bridgepoint Education Inc.a,b		25,977		383,421
Cambium Learning Group Inc.a,b		98,731		500,566
Capella Education Co.		6,587		563,847
Career Education Corp.a		602,416		5,783,194
Carriage Services Inc.		82,849		2,233,609
Houghton Mifflin Harcourt Co.a,b		281,200		3,458,760
K12 Inc.a		301,971		5,411,320
Laureate Education Inc. Class Aa,b		316,684		5,551,471
Liberty Tax Inc.		59,285		767,741
Regis Corp.a,b		316,220		3,247,579
Weight Watchers International Inc.a,b		15,051		503,005
				54,073,329
DIVERSIFIED FINANCIAL SERVICES — 0.19%
FNFV Groupa		557,918		8,815,104
Marlin Business Services Corp.		53,054		1,334,308
NewStar Financial Inc.		229,562		2,410,401
On Deck Capital Inc.a,b		446,698		2,081,613
Tiptree Inc.b		227,460		1,603,593
				16,245,019
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.67%
ATN International Inc.		94,425		6,462,447
Cincinnati Bell Inc.a,b		371,866		7,269,980
Consolidated Communications Holdings Inc.		127,307		2,733,281
Fairpoint Communications Inc.a		192,827		3,017,743
Frontier Communications Corp.b		10,432,563		12,101,773
General Communication Inc. Class Aa		16,779		614,783
Globalstar Inc.a,b		1,355,734		2,887,713
Hawaiian Telcom Holdco Inc.a		53,789		1,344,187
IDT Corp. Class B		56,916		817,883
Intelsat SAa,b		335,967		1,028,059
Iridium Communications Inc.a,b		741,818		8,197,089
Lumos Networks Corp.a,b		52,589		939,766
ORBCOMM Inc.a,b		47,023		531,360
pdvWireless Inc.a,b		84,548		1,969,968
Windstream Holdings Inc.		1,688,548		6,551,566
				56,467,598

Security	Shares		Value
ELECTRIC UTILITIES — 2.09%
ALLETE Inc.		450,259	$	32,274,565
El Paso Electric Co.		357,277		18,471,221
Genie Energy Ltd. Class B		132,327		1,008,332
IDACORP Inc.		444,625		37,948,744
MGE Energy Inc.		158,052		10,170,646
Otter Tail Corp.		347,640		13,766,544
PNM Resources Inc.		702,253		26,861,177
Portland General Electric Co.		787,221		35,968,128
Spark Energy Inc. Class Ab		14,114		265,343
				176,734,700
ELECTRICAL EQUIPMENT — 0.38%
Babcock & Wilcox Enterprises Inc.a,b		436,694		5,135,521
Encore Wire Corp.		179,442		7,662,173
General Cable Corp.		28,227		461,512
LSI Industries Inc.		220,150		1,992,358
Powell Industries Inc.		77,724		2,486,391
Preformed Line Products Co.		28,120		1,305,330
Revolution Lighting Technologies Inc.a		101,634		669,768
Sunrun Inc.a,b		753,872		5,367,569
Thermon Group Holdings Inc.a,b		285,780		5,478,403
Vicor Corp.a		16,376		293,130
Vivint Solar Inc.a,b		234,799		1,373,574
				32,225,729
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.55%
Anixter International Inc.a		255,445		19,975,799
AVX Corp.		408,297		6,671,573
Bel Fuse Inc. Class B		65,505		1,617,974
Belden Inc.		370,210		27,924,940
Benchmark Electronics Inc.a		439,918		14,209,351
Control4 Corp.a,b		24,276		476,052
CTS Corp.		283,242		6,118,027
Daktronics Inc.		135,403		1,303,931
Electro Scientific Industries Inc.a		284,963		2,348,095
FARO Technologies Inc.a,b		110,308		4,169,642
Fitbit Inc. Class Aa,b		1,546,412		8,211,448
II-VI Inc.a,b		380,238		13,042,163
Insight Enterprises Inc.a		193,336		7,731,507
Kimball Electronics Inc.a		235,609		4,252,742
Knowles Corp.a,b		779,323		13,186,145
Maxwell Technologies Inc.a,b		323,151		1,935,675

412

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
MTS Systems Corp.		149,267	$	7,732,031
Park Electrochemical Corp.		171,389		3,156,985
PC Connection Inc.		102,027		2,760,851
PCM Inc.a,b		55,246		1,035,863
Plexus Corp.a		296,791		15,602,303
RadiSys Corp.a,b		281,852		1,059,764
Sanmina Corp.a		649,580		24,748,998
ScanSource Inc.a		220,177		8,873,133
SYNNEX Corp.		202,906		24,340,604
Systemax Inc.		25,428		478,046
Tech Data Corp.a		284,637		28,748,337
TTM Technologies Inc.a,b		642,992		11,162,341
VeriFone Systems Inc.a		904,671		16,374,545
Vishay Intertechnology Inc.		1,184,817		19,667,962
Vishay Precision Group Inc.a,b		91,169		1,577,224
				300,494,051
ENERGY EQUIPMENT & SERVICES — 2.60%
Archrock Inc.		619,208		7,058,971
Atwood Oceanics Inc.a,b		683,732		5,572,416
Basic Energy Services Inc.a		157,137		3,912,711
Bristow Group Inc.		293,185		2,242,865
C&J Energy Services Inc.a		410,239		14,058,891
CARBO Ceramics Inc.a,b		201,940		1,383,289
Diamond Offshore Drilling Inc.a,b		576,012		6,238,210
Dril-Quip Inc.a		334,771		16,336,825
Ensco PLC Class A		2,694,291		13,902,542
Era Group Inc.a		177,075		1,675,130
Exterran Corp.a,b		285,445		7,621,382
Fairmount Santrol Holdings Inc.a,b		161,202		628,688
Forum Energy Technologies Inc.a,b		610,484		9,523,550
Frank’s International NV		446,657		3,702,787
Geospace Technologies Corp.a,b		119,901		1,658,231
Gulf Island Fabrication Inc.		125,713		1,458,271
Helix Energy Solutions Group Inc.a,b		1,246,233		7,028,754
Independence Contract Drilling Inc.a		313,954		1,221,281
Keane Group Inc.a		18,729		299,664
Key Energy Services Inc.a,b		94,121		1,810,888
Mammoth Energy Services Inc.a,b		74,981		1,394,647
Matrix Service Co.a,b		235,017		2,197,409
McDermott International Inc.a,b		2,491,699		17,865,482
Natural Gas Services Group Inc.a,b		110,578		2,747,863
NCS Multistage Holdings Inc.a		7,088		178,476
Newpark Resources Inc.a,b		768,626		5,649,401

Security	Shares		Value
Noble Corp. PLC		2,162,183	$	7,827,103
Oil States International Inc.a,b		454,035		12,327,050
Parker Drilling Co.a,b		1,229,723		1,660,126
PHI Inc. NVSa		102,642		1,001,786
Pioneer Energy Services Corp.a,b		697,943		1,430,783
ProPetro Holding Corp.a		78,354		1,093,822
Rowan Companies PLC Class Aa		1,031,805		10,565,683
SEACOR Holdings Inc.a,b		143,400		4,918,620
SEACOR Marine Holdings Inc.a,b		143,240		2,916,366
Seadrill Ltd.a,b		34,877		12,577
Smart Sand Inc.a,b		22,130		197,178
Solaris Oilfield Infrastructure Inc. Class Aa		7,606		87,697
Superior Energy Services Inc.a		1,346,218		14,041,054
Tesco Corp.a,b		425,741		1,894,547
TETRA Technologies Inc.a,b		1,019,685		2,844,921
U.S. Silica Holdings Inc.		280,462		9,953,596
Unit Corp.a,b		458,480		8,587,330
Willbros Group Inc.a,b		400,086		988,212
				219,717,075
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 10.77%
Acadia Realty Trustb		741,149		20,603,942
Agree Realty Corp.b		224,705		10,307,218
Alexander’s Inc.b		1,014		427,360
Altisource Residential Corp.b		442,016		5,719,687
American Assets Trust Inc.		226,925		8,938,576
Armada Hoffler Properties Inc.b		43,676		565,604
Ashford Hospitality Prime Inc.		237,371		2,442,548
Ashford Hospitality Trust Inc.b		682,585		4,150,117
Bluerock Residential Growth REIT Inc.b		204,712		2,638,738
Care Capital Properties Inc.		395,352		10,555,898
CareTrust REIT Inc.b		48,642		901,823
CatchMark Timber Trust Inc. Class A		343,944		3,910,643
CBL & Associates Properties Inc.b		1,499,836		12,643,618
Cedar Realty Trust Inc.		734,644		3,563,023
Chatham Lodging Trustb		337,058		6,771,495
Chesapeake Lodging Trustb		522,030		12,774,074
City Office REIT Inc.b		214,957		2,729,954
Clipper Realty Inc.b		118,685		1,464,573
Colony Starwood Homesb		889,438		30,516,618

413

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
Community Healthcare Trust Inc.b		91,149	$	2,332,503
CorEnergy Infrastructure Trust Inc.b		106,541		3,578,712
Cousins Properties Inc.b		3,679,066		32,338,990
DiamondRock Hospitality Co.b		1,759,932		19,271,255
Easterly Government Properties Inc.b		332,326		6,962,230
Education Realty Trust Inc.b		646,889		25,066,949
Farmland Partners Inc.		287,380		2,569,177
FelCor Lodging Trust Inc.b		1,140,832		8,225,399
First Industrial Realty Trust Inc.		794,931		22,750,925
First Potomac Realty Trustb		514,918		5,720,739
Four Corners Property Trust Inc.b		164,420		4,128,586
Franklin Street Properties Corp.		924,606		10,244,634
GEO Group Inc. (The)		840,110		24,842,053
Getty Realty Corp.b		240,824		6,044,682
Gladstone Commercial Corp.b		220,852		4,812,365
Global Medical REIT Inc.b		122,543		1,095,534
Global Net Lease Inc.b		591,826		13,162,210
Government Properties Income Trustb		505,420		9,254,240
Gramercy Property Trustb		1,135,612		33,739,033
Healthcare Realty Trust Inc.b		1,016,331		34,707,704
Hersha Hospitality Trustb		343,723		6,362,313
Independence Realty Trust Inc.b		518,123		5,113,874
InfraREIT Inc.a		373,444		7,151,453
Investors Real Estate Trustb		1,084,405		6,734,155
iStar Inc.a,b		616,409		7,421,564
Jernigan Capital Inc.		82,804		1,821,688
Kite Realty Group Trustb		733,732		13,889,547
LaSalle Hotel Propertiesb		1,001,572		29,846,846
Lexington Realty Trustb		1,913,982		18,967,562
LTC Properties Inc.b		206,773		10,626,064
Mack-Cali Realty Corp.		796,706		21,622,601
MedEquities Realty Trust Inc.b		187,569		2,367,121
Monmouth Real Estate Investment Corp.		509,882		7,673,724
Monogram Residential Trust Inc.b		1,488,346		14,451,840
National Health Investors Inc.b		192,094		15,213,845
National Storage Affiliates Trustb		352,003		8,134,789
New Senior Investment Group Inc.b		673,387		6,767,539
NexPoint Residential Trust Inc.b		144,559		3,598,074
NorthStar Realty Europe Corp.		484,631		6,145,121
One Liberty Properties Inc.		126,603		2,966,308

Security	Shares		Value
Parkway Inc.		375,096	$	8,585,947
Pebblebrook Hotel Trustb		608,360		19,613,526
Pennsylvania REITb		609,195		6,896,087
Physicians Realty Trustb		618,808		12,462,793
Preferred Apartment Communities Inc. Class Ab		272,627		4,293,875
Quality Care Properties Inc.a		835,611		15,300,037
RAIT Financial Trustb		663,530		1,453,131
Ramco-Gershenson Properties Trustb		699,060		9,017,874
Retail Opportunity Investments Corp.		853,771		16,383,866
Rexford Industrial Realty Inc.b		347,353		9,531,366
RLJ Lodging Trustb		1,082,363		21,506,553
Sabra Health Care REIT Inc.b		477,749		11,513,751
Saul Centers Inc.b		10,218		592,440
Select Income REIT		557,225		13,390,117
Seritage Growth Properties Class Ab		220,838		9,264,154
STAG Industrial Inc.		786,166		21,698,182
Summit Hotel Properties Inc.		903,960		16,858,854
Sunstone Hotel Investors Inc.		1,942,739		31,316,953
Terreno Realty Corp.		316,727		10,661,031
Tier REIT Inc.b		423,914		7,833,931
UMH Properties Inc.b		40,898		697,311
Urstadt Biddle Properties Inc. Class A		113,858		2,254,388
Washington Prime Group Inc.b		1,649,178		13,803,620
Washington REITb		433,518		13,829,224
Whitestone REITb		329,125		4,031,781
Xenia Hotels & Resorts Inc.		951,046		18,421,761
				910,562,010
FOOD & STAPLES RETAILING — 0.64%
Andersons Inc. (The)		238,843		8,156,489
Chefs’ Warehouse Inc. (The)a,b		13,149		170,937
Ingles Markets Inc. Class A		125,152		4,167,562
Natural Grocers by Vitamin Cottage Inc.a,b		87,036		719,788
Smart & Final Stores Inc.a,b		202,531		1,843,032
SpartanNash Co.		332,242		8,625,002
SUPERVALU Inc.a		2,377,367		7,821,537
United Natural Foods Inc.a,b		446,216		16,376,127
Village Super Market Inc. Class A		71,350		1,849,392
Weis Markets Inc.		84,982		4,140,323
				53,870,189

414

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
FOOD PRODUCTS — 1.58%
Alico Inc.		29,234	$	915,024
Cal-Maine Foods Inc.a,b		273,476		10,829,649
Darling Ingredients Inc.a		1,444,359		22,734,211
Dean Foods Co.		761,877		12,951,909
Farmer Bros. Co.a		78,465		2,373,566
Fresh Del Monte Produce Inc.		290,715		14,800,300
Hostess Brands Inc.a		668,217		10,758,294
Landec Corp.a,b		182,540		2,710,719
Limoneira Co.		74,155		1,752,283
Omega Protein Corp.		198,119		3,546,330
Sanderson Farms Inc.		177,257		20,499,772
Seneca Foods Corp. Class Aa,b		63,616		1,975,277
Snyder’s-Lance Inc.		757,127		26,211,737
Tootsie Roll Industries Inc.		47,581		1,658,198
				133,717,269
GAS UTILITIES — 2.42%
Chesapeake Utilities Corp.		123,836		9,281,508
Delta Natural Gas Co. Inc.		60,832		1,853,551
New Jersey Resources Corp.		698,329		27,723,661
Northwest Natural Gas Co.		251,197		15,034,141
ONE Gas Inc.		459,490		32,076,997
RGC Resources Inc.b		36,056		1,021,467
South Jersey Industries Inc.		702,649		24,009,516
Southwest Gas Holdings Inc.		376,139		27,480,715
Spire Inc.		415,589		28,987,333
WGL Holdings Inc.		450,859		37,615,166
				205,084,055
HEALTH CARE EQUIPMENT & SUPPLIES — 1.33%
Analogic Corp.		111,485		8,099,385
AngioDynamics Inc.a,b		323,860		5,249,770
Anika Therapeutics Inc.a,b		22,977		1,133,685
Cerus Corp.a,b		108,264		271,743
ConforMIS Inc.a		240,449		1,031,526
CONMED Corp.		242,686		12,362,425
CryoLife Inc.a		90,396		1,803,400
Exactech Inc.a,b		95,161		2,835,798
Fonar Corp.a		7,450		206,737
Haemonetics Corp.a,b		88,271		3,485,822
Halyard Health Inc.a		413,208		16,230,810
ICU Medical Inc.a,b		38,908		6,711,630
Integer Holdings Corp.a		274,172		11,857,939
Invacare Corp.b		282,636		3,730,795

Security	Shares		Value
Lantheus Holdings Inc.a,b		22,677	$	400,249
LivaNova PLCa,b		427,032		26,138,629
Meridian Bioscience Inc.		48,097		757,528
Obalon Therapeutics Inc.a,b		35,114		347,980
OraSure Technologies Inc.a		29,295		505,632
Orthofix International NVa		123,133		5,723,222
Quotient Ltd.a		90,813		668,384
Rockwell Medical Inc.a,b		33,960		269,303
RTI Surgical Inc.a,b		119,813		700,906
Sientra Inc.a		128,983		1,253,715
Utah Medical Products Inc.		5,435		393,494
				112,170,507
HEALTH CARE PROVIDERS & SERVICES — 1.02%
AAC Holdings Inc.a,b		105,245		729,348
Aceto Corp.		260,955		4,031,755
Almost Family Inc.a,b		84,814		5,228,783
American Renal Associates Holdings Inc.a,b		9,402		174,407
BioScrip Inc.a,b		739,404		2,007,482
Community Health Systems Inc.a,b		842,392		8,390,224
Cross Country Healthcare Inc.a		169,418		2,187,186
Diplomat Pharmacy Inc.a,b		422,867		6,258,432
Ensign Group Inc. (The)		176,759		3,848,044
Kindred Healthcare Inc.		742,910		8,654,902
LHC Group Inc.a,b		9,420		639,524
Magellan Health Inc.a		57,386		4,183,439
National Healthcare Corp.		99,771		6,997,938
National Research Corp. Class A		7,599		204,413
Owens & Minor Inc.b		537,070		17,288,283
PharMerica Corp.a,b		263,740		6,923,175
Providence Service Corp. (The)a		18,940		958,553
R1 RCM Inc.a,b		85,024		318,840
Tivity Health Inc.a,b		108,359		4,318,106
Triple-S Management Corp. Class Ba		164,879		2,788,104
				86,130,938
HEALTH CARE TECHNOLOGY — 0.40%
Allscripts Healthcare Solutions Inc.a		1,598,190		20,392,904
Computer Programs & Systems Inc.b		48,095		1,577,516
Evolent Health Inc.a,b		260,010		6,591,253
HMS Holdings Corp.a		98,375		1,819,938
NantHealth Inc.a,b		163,526		691,715

415

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
Quality Systems Inc.a		166,622	$	2,867,565
				33,940,891
HOTELS, RESTAURANTS & LEISURE — 1.59%
Belmond Ltd. Class Aa		792,268		10,537,164
Biglari Holdings Inc.a		8,953		3,578,872
Boyd Gaming Corp.		68,910		1,709,657
Brinker International Inc.		104,932		3,997,909
Caesars Acquisition Co. Class Aa,b		434,702		8,281,073
Caesars Entertainment Corp.a,b		436,750		5,241,000
Carrols Restaurant Group Inc.a,b		306,661		3,756,597
Century Casinos Inc.a,b		193,774		1,428,114
Del Frisco’s Restaurant Group Inc.a		194,824		3,136,666
Del Taco Restaurants Inc.a,b		292,893		4,027,279
Denny’s Corp.a,b		152,382		1,793,536
DineEquity Inc.		60,470		2,663,704
Drive Shack Inc.		288,348		908,296
El Pollo Loco Holdings Inc.a,b		181,304		2,511,060
Empire Resorts Inc.a,b		14,264		340,910
Fiesta Restaurant Group Inc.a,b		217,867		4,498,954
Fogo De Chao Inc.a,b		87,125		1,211,038
Golden Entertainment Inc.a		73,465		1,521,460
ILG Inc.		850,723		23,386,375
International Speedway Corp. Class A		223,427		8,389,684
Intrawest Resorts Holdings Inc.a		23,078		547,872
J Alexander’s Holdings Inc.a,b		116,005		1,421,061
Jack in the Box Inc.		56,941		5,608,689
La Quinta Holdings Inc.a,b		570,472		8,425,871
Marcus Corp. (The)		28,888		872,418
Marriott Vacations Worldwide Corp.		22,076		2,599,449
Monarch Casino & Resort Inc.a		95,196		2,879,679
Nathan’s Famous Inc.a,b		1,767		111,321
Penn National Gaming Inc.a		97,704		2,090,866
Pinnacle Entertainment Inc.a,b		143,231		2,830,245
Potbelly Corp.a		151,419		1,741,319
RCI Hospitality Holdings Inc.		73,848		1,760,536
Red Lion Hotels Corp.a,b		158,496		1,164,946
Red Robin Gourmet Burgers Inc.a,b		6,976		455,184
Ruby Tuesday Inc.a,b		547,720		1,100,917
Sonic Corp.		157,147		4,162,824
Speedway Motorsports Inc.		104,156		1,902,930
Zoe’s Kitchen Inc.a		130,275		1,551,575
				134,147,050

Security	Shares		Value
HOUSEHOLD DURABLES — 1.57%
AV Homes Inc.a,b		108,844	$	2,182,322
Bassett Furniture Industries Inc.		90,579		3,437,473
Beazer Homes USA Inc.a		280,141		3,843,535
Century Communities Inc.a,b		140,185		3,476,588
CSS Industries Inc.		79,749		2,086,234
Ethan Allen Interiors Inc.		220,153		7,110,942
Flexsteel Industries Inc.		67,637		3,659,838
Green Brick Partners Inc.a,b		208,422		2,386,432
Helen of Troy Ltd.a		131,608		12,384,313
Hovnanian Enterprises Inc. Class Aa,b		853,555		2,389,954
KB Homeb		577,961		13,853,725
La-Z-Boy Inc.		239,029		7,768,443
LGI Homes Inc.a,b		53,461		2,148,063
Libbey Inc.		196,988		1,587,723
Lifetime Brands Inc.		87,477		1,587,708
M/I Homes Inc.a		170,158		4,858,011
MDC Holdings Inc.		220,650		7,795,565
Meritage Homes Corp.a,b		317,912		13,415,886
NACCO Industries Inc. Class A		36,852		2,610,964
New Home Co. Inc. (The)a		111,379		1,277,517
PICO Holdings Inc.a		181,898		3,183,215
TopBuild Corp.a		131,932		7,001,631
TRI Pointe Group Inc.a,b		1,312,064		17,306,124
UCP Inc. Class Aa		69,714		763,368
William Lyon Homes Class Aa,b		172,199		4,156,884
ZAGG Inc.a,b		77,277		668,446
				132,940,904
HOUSEHOLD PRODUCTS — 0.18%
Central Garden & Pet Co.a,b		83,473		2,653,607
Central Garden & Pet Co. Class Aa		273,317		8,204,976
HRG Group Inc.a		60,726		1,075,457
Oil-Dri Corp. of America		45,763		1,922,504
Orchids Paper Products Co.b		81,685		1,057,821
				14,914,365
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.70%
Atlantic Power Corp.a		283,122		679,493
Dynegy Inc.a,b		978,349		8,090,946
NRG Yield Inc. Class A		309,219		5,275,276
NRG Yield Inc. Class C		560,710		9,868,496
Ormat Technologies Inc.		182,061		10,683,340

416

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
Pattern Energy Group Inc.		492,854	$	11,749,639
TerraForm Global Inc. Class Aa		792,881		4,004,049
TerraForm Power Inc.a,b		713,659		8,563,908
				58,915,147
INSURANCE — 3.80%
Ambac Financial Group Inc.a,b		304,819		5,288,610
American Equity Investment Life Holding Co.		610,115		16,033,822
AMERISAFE Inc.		152,687		8,695,525
AmTrust Financial Services Inc.		754,273		11,419,693
Argo Group International Holdings Ltd.		255,104		15,459,302
Atlas Financial Holdings Inc.a,b		45,828		682,837
Baldwin & Lyons Inc. Class B		83,395		2,043,178
Blue Capital Reinsurance Holdings Ltd.		53,900		986,370
Citizens Inc./TXa,b		414,950		3,062,331
CNO Financial Group Inc.		1,520,853		31,755,411
Crawford & Co. Class B		22,599		210,171
Donegal Group Inc. Class A		77,734		1,235,971
eHealth Inc.a		16,446		309,185
EMC Insurance Group Inc.		78,303		2,175,257
Employers Holdings Inc.		281,137		11,892,095
Enstar Group Ltd.a		98,925		19,651,451
FBL Financial Group Inc. Class A		88,199		5,424,239
Federated National Holding Co.		114,935		1,838,960
Fidelity & Guaranty Lifeb		101,701		3,157,816
Genworth Financial Inc. Class Aa		4,158,230		15,676,527
Global Indemnity Ltd.a,b		74,422		2,885,341
Greenlight Capital Re Ltd. Class Aa		267,331		5,587,218
Hallmark Financial Services Inc.a,b		121,899		1,373,802
HCI Group Inc.		30,093		1,413,769
Heritage Insurance Holdings Inc.		203,515		2,649,765
Horace Mann Educators Corp.		359,721		13,597,454
Independence Holding Co.		60,425		1,235,691
Infinity Property & Casualty Corp.		82,480		7,753,120
Investors Title Co.		3,076		595,021
James River Group Holdings Ltd.		159,676		6,343,927
Kemper Corp.		350,407		13,525,710
Kingstone Companies Inc.b		83,538		1,278,131
Maiden Holdings Ltd.		519,130		5,762,343
MBIA Inc.a,b		1,109,120		10,459,002
National General Holdings Corp.		169,754		3,581,809

Security	Shares		Value
National Western Life Group Inc.b		20,058	$	6,410,938
Navigators Group Inc. (The)		182,161		10,000,639
NI Holdings Inc.a		92,277		1,649,913
OneBeacon Insurance Group Ltd. Class A		179,441		3,271,209
RLI Corp.		55,739		3,044,464
Safety Insurance Group Inc.		108,450		7,407,135
Selective Insurance Group Inc.		506,350		25,342,818
State Auto Financial Corp.		141,312		3,635,958
State National Companies Inc.		20,609		378,793
Stewart Information Services Corp.		176,727		8,019,871
Third Point Reinsurance Ltd.a,b		339,229		4,715,283
United Fire Group Inc.		187,593		8,265,348
United Insurance Holdings Corp.		37,987		597,536
Universal Insurance Holdings Inc.		70,186		1,768,687
WMIH Corp.a		1,729,201		2,161,501
				321,710,947
INTERNET & DIRECT MARKETING RETAIL — 0.19%
1-800-Flowers.com Inc. Class Aa,b		163,215		1,591,346
FTD Companies Inc.a,b		150,420		3,008,400
Gaia Inc.a,b		79,764		893,357
Lands’ End Inc.a,b		120,486		1,795,241
Liberty TripAdvisor Holdings Inc. Class Aa,b		643,375		7,463,150
Overstock.com Inc.a		77,522		1,263,609
				16,015,103
INTERNET SOFTWARE & SERVICES — 0.58%
Actua Corp.a		271,486		3,814,378
Bankrate Inc.a,b		421,240		5,412,934
Bazaarvoice Inc.a,b		741,230		3,669,089
Blucora Inc.a		288,941		6,125,549
Cars.com Inc.a		636,156		16,940,834
ChannelAdvisor Corp.a,b		13,411		154,897
DHI Group Inc.a		438,108		1,248,608
Global Sources Ltd.a,b		14,593		291,860
Leaf Group Ltd.a,b		107,976		842,213
Limelight Networks Inc.a,b		375,311		1,084,649
Liquidity Services Inc.a,b		231,315		1,468,850
Meet Group Inc. (The)a		500,356		2,526,798
QuinStreet Inc.a,b		334,925		1,396,637
Rightside Group Ltd.a,b		101,098		1,073,661
Rocket Fuel Inc.a,b		322,100		885,775
TechTarget Inc.a,b		122,877		1,274,234

417

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
XO Group Inc.a		57,910	$	1,020,374
				49,231,340
IT SERVICES — 1.28%
Acxiom Corp.a,b		334,354		8,686,517
CACI International Inc. Class Aa		214,837		26,865,367
Convergys Corp.		826,745		19,659,996
CSG Systems International Inc.		53,061		2,153,215
EVERTEC Inc.		89,727		1,552,277
Information Services Group Inc.a		115,909		476,386
ManTech International Corp./VA Class A		228,685		9,462,985
MoneyGram International Inc.a,b		234,206		4,040,054
NCI Inc. Class Aa		44,755		944,331
NeuStar Inc. Class Aa		28,096		937,002
Perficient Inc.a		286,213		5,335,010
Presidio Inc.a		64,685		925,642
ServiceSource International Inc.a,b		240,872		934,583
Sykes Enterprises Inc.a,b		314,995		10,561,782
Travelport Worldwide Ltd.		882,634		12,145,044
Unisys Corp.a,b		136,783		1,750,823
Virtusa Corp.a		68,200		2,005,080
				108,436,094
LEISURE PRODUCTS — 0.36%
Acushnet Holdings Corp.b		205,336		4,073,866
Black Diamond Inc.a,b		189,764		1,261,931
Callaway Golf Co.		822,717		10,514,323
Escalade Inc.		96,996		1,270,647
Johnson Outdoors Inc. Class A		43,872		2,115,069
Vista Outdoor Inc.a		503,111		11,325,029
				30,560,865
LIFE SCIENCES TOOLS & SERVICES — 0.10%
Accelerate Diagnostics Inc.a,b		13,055		357,054
Enzo Biochem Inc.a,b		22,089		243,863
Luminex Corp.b		200,966		4,244,402
Medpace Holdings Inc.a,b		66,870		1,939,230
NanoString Technologies Inc.a,b		97,864		1,618,670
				8,403,219
MACHINERY — 2.69%
Actuant Corp. Class Ab		259,790		6,390,834
Alamo Group Inc.		12,078		1,096,803
Albany International Corp. Class A		54,976		2,935,718
American Railcar Industries Inc.b		64,792		2,481,534
Astec Industries Inc.		95,532		5,302,981

Security	Shares		Value
Barnes Group Inc.		382,535	$	22,389,774
Blue Bird Corp.a,b		33,978		577,626
Briggs & Stratton Corp.		370,540		8,930,014
Chart Industries Inc.a,b		271,253		9,420,617
CIRCOR International Inc.		75,317		4,472,323
Columbus McKinnon Corp./NY		172,094		4,374,630
DMC Global Inc.		124,442		1,630,190
Eastern Co. (The)		50,180		1,507,909
ESCO Technologies Inc.		225,250		13,436,163
ExOne Co. (The)a,b		9,203		105,374
Federal Signal Corp.		396,739		6,887,389
Franklin Electric Co. Inc.		23,581		976,253
FreightCar America Inc.		108,708		1,890,432
Gencor Industries Inc.a,b		77,582		1,256,828
Global Brass & Copper Holdings Inc.		17,289		528,179
Gorman-Rupp Co. (The)		156,717		3,991,582
Graham Corp.		84,215		1,655,667
Greenbrier Companies Inc. (The)		240,861		11,139,821
Hardinge Inc.		106,924		1,327,996
Hurco Companies Inc.		54,788		1,903,883
Hyster-Yale Materials Handling Inc.		15,606		1,096,322
LB Foster Co. Class A		74,876		1,606,090
Manitowoc Co. Inc. (The)a,b		1,129,750		6,789,798
Meritor Inc.a,b		740,719		12,303,343
Milacron Holdings Corp.a,b		48,290		849,421
Miller Industries Inc./TN		91,402		2,271,340
Mueller Water Products Inc. Class A		534,127		6,238,603
Navistar International Corp.a,b		414,814		10,880,571
Park-Ohio Holdings Corp.		77,734		2,961,665
Rexnord Corp.a,b		916,042		21,297,977
Spartan Motors Inc.		131,126		1,160,465
SPX FLOW Inc.a		270,776		9,986,219
Standex International Corp.		23,882		2,166,097
Supreme Industries Inc. Class A		52,845		869,300
Tennant Co.		8,464		624,643
Titan International Inc.		441,731		5,305,189
TriMas Corp.a,b		404,302		8,429,697
Twin Disc Inc.a		77,049		1,243,571
Wabash National Corp.b		382,226		8,401,328
Watts Water Technologies Inc. Class A		103,336		6,530,835
				227,622,994

418

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
MARINE — 0.20%
Costamare Inc.		326,578	$	2,387,285
Eagle Bulk Shipping Inc.a,b		345,256		1,633,061
Genco Shipping & Trading Ltd.a		71,006		672,427
Matson Inc.		200,907		6,035,246
Navios Maritime Holdings Inc.a		818,031		1,120,703
Safe Bulkers Inc.a		437,173		1,001,126
Scorpio Bulkers Inc.a,b		527,687		3,746,578
				16,596,426
MEDIA — 1.51%
AMC Entertainment Holdings Inc. Class A		487,970		11,101,318
Beasley Broadcast Group Inc. Class A		45,918		449,996
Central European Media Enterprises Ltd. Class Aa		733,772		2,935,088
Clear Channel Outdoor Holdings Inc. Class A		322,157		1,562,461
Daily Journal Corp.a,b		9,925		2,047,329
Emerald Expositions Events Inc.		129,335		2,832,437
Entercom Communications Corp. Class Ab		249,787		2,585,295
Eros International PLCa,b		122,639		1,404,217
EW Scripps Co. (The) Class Aa,b		511,776		9,114,731
Gannett Co. Inc.		1,011,657		8,821,649
Global Eagle Entertainment Inc.a,b		437,105		1,556,094
Gray Television Inc.a,b		198,561		2,720,286
Hemisphere Media Group Inc.a,b		129,120		1,530,072
MDC Partners Inc. Class A		338,652		3,352,655
Meredith Corp.		348,153		20,697,696
MSG Networks Inc. Class Aa,b		527,059		11,832,475
National CineMedia Inc.		549,503		4,077,312
New Media Investment Group Inc.		453,211		6,109,284
New York Times Co. (The) Class A		208,716		3,694,273
Reading International Inc. Class Aa,b		113,213		1,826,126
Saga Communications Inc. Class A		35,167		1,608,890
Salem Media Group Inc. Class A		113,326		804,615
Scholastic Corp.		250,338		10,912,233
Time Inc.		885,327		12,704,442
Townsquare Media Inc. Class Aa		83,493		854,968
tronc Inc.a		69,092		890,596
				128,026,538

Security	Shares		Value
METALS & MINING — 2.15%
AK Steel Holding Corp.a		2,787,378	$	18,313,073
Allegheny Technologies Inc.b		960,630		16,340,316
Ampco-Pittsburgh Corp.		78,848		1,163,008
Carpenter Technology Corp.		407,977		15,270,579
Century Aluminum Co.a,b		414,984		6,465,451
Cliffs Natural Resources Inc.a,b		2,633,683		18,225,086
Coeur Mining Inc.a,b		1,345,446		11,543,927
Commercial Metals Co.		1,017,025		19,760,796
Compass Minerals International Inc.		26,437		1,726,336
Ferroglobe PLC		543,825		5
Gerber Scientific Inc. Escrowa,c		173,399		1,734
Gold Resource Corp.b		469,969		1,917,474
Handy & Harman Ltd.a		12,139		381,165
Haynes International Inc.		111,030		4,031,499
Hecla Mining Co.b		3,482,470		17,760,597
Kaiser Aluminum Corp.		147,952		13,096,711
Klondex Mines Ltd.a		1,109,176		3,737,923
Materion Corp.		177,247		6,629,038
Olympic Steel Inc.		84,664		1,649,255
Ramaco Resources Inc.a,b		60,928		368,614
Ryerson Holding Corp.a,b		144,252		1,428,095
Schnitzer Steel Industries Inc. Class A		234,704		5,914,541
SunCoke Energy Inc.a		574,029		6,256,916
TimkenSteel Corp.a		353,890		5,439,289
Warrior Met Coal Inc.		150,289		2,574,451
Worthington Industries Inc.		34,385		1,726,815
				181,722,694
MORTGAGE REAL ESTATE INVESTMENT — 1.78%
AG Mortgage Investment Trust Inc.b		246,585		4,512,505
Anworth Mortgage Asset Corp.b		849,415		5,104,984
Apollo Commercial Real Estate Finance Inc.b		812,914		15,079,555
Ares Commercial Real Estate Corp.		238,319		3,119,596
ARMOUR Residential REIT Inc.b		323,276		8,081,900
Capstead Mortgage Corp.b		849,557		8,860,880
Cherry Hill Mortgage Investment Corp.b		105,103		1,941,252
CYS Investments Inc.		1,339,529		11,265,439
Dynex Capital Inc.		411,082		2,918,682
Ellington Residential Mortgage REIT		75,109		1,101,098
Great Ajax Corp.		138,002		1,929,268

419

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
Hannon Armstrong Sustainable Infrastructure Capital Inc.b		437,024	$	9,994,739
Invesco Mortgage Capital Inc.		993,598		16,603,023
KKR Real Estate Finance Trust Inc.		93,944		2,019,796
Ladder Capital Corp.		630,354		8,453,047
MTGE Investment Corp.		406,555		7,643,234
New York Mortgage Trust Inc.b		985,348		6,128,865
Orchid Island Capital Inc.		298,491		2,943,121
Owens Realty Mortgage Inc.b		88,176		1,495,465
PennyMac Mortgage Investment Trustd		590,670		10,803,354
Redwood Trust Inc.b		677,447		11,543,697
Resource Capital Corp.b		269,605		2,741,883
Sutherland Asset Management Corp.		155,205		2,304,794
Western Asset Mortgage Capital Corp.b		367,948		3,789,864
				150,380,041
MULTI-UTILITIES — 1.04%
Avista Corp.		570,437		24,220,755
Black Hills Corp.		470,712		31,758,938
NorthWestern Corp.		428,643		26,155,796
Unitil Corp.		123,193		5,951,454
				88,086,943
MULTILINE RETAIL — 0.28%
Dillard’s Inc. Class A		134,246		7,744,652
Fred’s Inc. Class Ab		301,449		2,782,374
JC Penney Co. Inc.a,b		2,743,098		12,755,405
Sears Holdings Corp.a,b		83,873		743,115
				24,025,546
OIL, GAS & CONSUMABLE FUELS — 3.56%
Abraxas Petroleum Corp.a		123,425		199,949
Adams Resources & Energy Inc.		20,131		826,982
Alon USA Energy Inc.		284,464		3,789,061
Approach Resources Inc.a		391,030		1,317,771
Arch Coal Inc. Class Ab		192,817		13,169,401
Ardmore Shipping Corp.b		127,411		1,038,400
Bill Barrett Corp.a		675,372		2,073,392
Bonanza Creek Energy Inc.a		169,371		5,370,754
California Resources Corp.a,b		379,511		3,244,819
Callon Petroleum Co.a,b		1,773,652		18,818,448
Clean Energy Fuels Corp.a,b		1,215,341		3,086,966
Cloud Peak Energy Inc.a		660,972		2,333,231

Security	Shares		Value
Contango Oil & Gas Co.a,b		208,196	$	1,382,421
CVR Energy Inc.		133,600		2,907,136
Delek U.S. Holdings Inc.		544,951		14,408,504
Denbury Resources Inc.a		3,528,497		5,398,600
DHT Holdings Inc.		687,375		2,852,606
Dorian LPG Ltd.a,b		170,341		1,393,389
Earthstone Energy Inc. Class Aa,b		90,008		900,980
Eclipse Resources Corp.a,b		782,705		2,238,536
Energy XXI Gulf Coast Inc.a		218,940		4,065,716
EP Energy Corp. Class Aa,b		338,573		1,239,177
Frontline Ltd./Bermudab		689,221		3,949,236
GasLog Ltd.		364,420		5,557,405
Gastar Exploration Inc.a,b		810,823		750,822
Gener8 Maritime Inc.a,b		421,119		2,396,167
Golar LNG Ltd.		845,384		18,809,794
Green Plains Inc.		337,627		6,938,235
Halcon Resources Corp.a		546,287		2,480,143
Hallador Energy Co.		145,440		1,130,069
International Seaways Inc.a		262,173		5,681,289
Jones Energy Inc. Class Aa,b		383,034		612,854
Midstates Petroleum Co. Inc.a		103,411		1,310,217
Navios Maritime Acquisition Corp.		777,747		1,143,288
Nordic American Tankers Ltd.b		886,615		5,621,139
Oasis Petroleum Inc.a,b		2,079,781		16,742,237
Overseas Shipholding Group Inc. Series Aa		416,778		1,108,630
Pacific Ethanol Inc.a,b		372,096		2,325,600
Panhandle Oil and Gas Inc. Class A		66,672		1,540,123
Par Pacific Holdings Inc.a,b		173,946		3,137,986
PDC Energy Inc.a,b		581,659		25,075,320
Peabody Energy Corp.a		434,565		10,625,114
Penn Virginia Corp.a		14,193		521,593
PetroCorp Inc. Escrowa,c		19,086		—
Renewable Energy Group Inc.a,b		339,681		4,398,869
Resolute Energy Corp.a		181,505		5,403,404
REX American Resources Corp.a,b		51,895		5,010,981
Ring Energy Inc.a,b		28,107		365,391
Rosehill Resources Inc.a,b		21,763		181,503
SandRidge Energy Inc.a		301,907		5,195,820
Scorpio Tankers Inc.		1,462,170		5,804,815
SemGroup Corp. Class A		584,269		15,775,263
Ship Finance International Ltd.		532,233		7,238,369
SilverBow Resources Inc.a		50,013		1,308,340

420

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
SRC Energy Inc.a,b		1,576,383	$	10,609,058
Stone Energy Corp.a		173,508		3,189,077
Teekay Corp.b		483,849		3,227,273
Teekay Tankers Ltd. Class A		1,075,855		2,022,607
Ultra Petroleum Corp.a		1,572,485		17,061,462
Uranium Energy Corp.a,b		80,600		128,154
W&T Offshore Inc.a		794,482		1,557,185
Westmoreland Coal Co.a,b		128,879		627,641
WildHorse Resource Development Corp.a,b		181,302		2,242,706
				300,861,418
PAPER & FOREST PRODUCTS — 0.43%
Boise Cascade Co.a		276,947		8,419,189
Clearwater Paper Corp.a,b		143,481		6,707,737
Louisiana-Pacific Corp.a		80,543		1,941,892
Neenah Paper Inc.		25,931		2,080,963
PH Glatfelter Co.		384,561		7,514,322
Schweitzer-Mauduit International Inc.		217,997		8,116,028
Verso Corp. Class Aa		282,185		1,323,447
				36,103,578
PERSONAL PRODUCTS — 0.11%
Inter Parfums Inc.		81,483		2,986,352
Nature’s Sunshine Products Inc.		96,744		1,281,858
Nutraceutical International Corp.		72,653		3,025,997
Revlon Inc. Class Aa,b		73,331		1,737,945
				9,032,152
PHARMACEUTICALS — 0.62%
Aratana Therapeutics Inc.a,b		25,719		185,948
Cempra Inc.a		393,952		1,812,179
Clearside Biomedical Inc.a,b		81,784		745,052
Collegium Pharmaceutical Inc.a,b		192,544		2,408,726
Dermira Inc.a,b		60,964		1,776,491
Horizon Pharma PLCa,b		1,442,482		17,122,261
Impax Laboratories Inc.a		645,689		10,395,593
Intra-Cellular Therapies Inc.a		300,157		3,727,950
Lannett Co. Inc.a,b		249,671		5,093,288
Medicines Co. (The)a,b		47,584		1,808,668
MyoKardia Inc.a		17,878		234,202
Phibro Animal Health Corp. Series A		10,704		396,583
SciClone Pharmaceuticals Inc.a		302,310		3,325,410
Sucampo Pharmaceuticals Inc. Class Aa,b		35,269		370,325

Security	Shares		Value
Tetraphase Pharmaceuticals Inc.a,b		332,929	$	2,373,784
Zogenix Inc.a,b		56,074		813,073
				52,589,533
PROFESSIONAL SERVICES — 1.15%
Acacia Research Corp.a		356,709		1,462,507
CBIZ Inc.a		452,913		6,793,695
Cogint Inc.a,b		184,402		931,230
CRA International Inc.		74,449		2,703,988
Franklin Covey Co.a,b		16,892		326,016
FTI Consulting Inc.a,b		364,165		12,731,208
GP Strategies Corp.a		12,039		317,830
Heidrick & Struggles International Inc.		163,078		3,546,946
Hill International Inc.a,b		34,640		180,128
Huron Consulting Group Inc.a,b		194,005		8,381,016
ICF International Inc.a,b		158,737		7,476,513
Kelly Services Inc. Class A		270,496		6,072,635
Korn/Ferry International		450,366		15,551,138
Mistras Group Inc.a,b		137,118		3,012,482
Navigant Consulting Inc.a		417,406		8,247,943
Pendrell Corp.a		104,374		754,624
Resources Connection Inc.		256,760		3,517,612
RPX Corp.a		400,457		5,586,375
TrueBlue Inc.a		350,113		9,277,994
				96,871,880
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.63%
Alexander & Baldwin Inc.		411,036		17,008,670
Consolidated-Tomoka Land Co.b		3,807		216,809
Forestar Group Inc.a		288,314		4,944,585
FRP Holdings Inc.a,b		59,136		2,729,126
Griffin Industrial Realty Inc.		9,149		287,004
Kennedy-Wilson Holdings Inc.		350,392		6,674,967
RE/MAX Holdings Inc. Class A		158,157		8,864,700
St. Joe Co. (The)a,b		431,047		8,082,131
Stratus Properties Inc.b		53,079		1,560,523
Tejon Ranch Co.a,b		132,951		2,744,109
Transcontinental Realty Investors Inc.a,b		15,859		426,448
				53,539,072
ROAD & RAIL — 0.52%
ArcBest Corp.		200,235		4,124,841
Covenant Transportation Group Inc. Class Aa,b		107,738		1,888,647
Daseke Inc.a		20,004		222,644

421

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
Heartland Express Inc.		23,445	$	488,125
Hertz Global Holdings Inc.a		493,045		5,670,017
Knight Transportation Inc.b		40,759		1,510,121
Marten Transport Ltd.b		207,303		5,680,102
Roadrunner Transportation Systems Inc.a		273,609		1,989,137
Saia Inc.a		127,112		6,520,846
Schneider National Inc. Class B		22,288		498,583
Universal Logistics Holdings Inc.		26,242		393,630
Werner Enterprises Inc.		419,513		12,312,707
YRC Worldwide Inc.a,b		228,175		2,537,306
				43,836,706
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.14%
Alpha & Omega Semiconductor Ltd.a		156,364		2,606,588
Ambarella Inc.a,b		165,751		8,047,211
Amkor Technology Inc.a		854,647		8,349,901
AXT Inc.a,b		332,392		2,110,689
Cohu Inc.		198,139		3,118,708
Cree Inc.a,b		859,397		21,184,136
Cyberoptics Corp.a,b		30,655		633,026
Diodes Inc.a		251,373		6,040,493
DSP Group Inc.a,b		197,441		2,290,316
GSI Technology Inc.a,b		129,445		1,017,438
IXYS Corp.		222,424		3,658,875
Kopin Corp.a,b		63,546		235,756
Nanometrics Inc.a		38,831		982,036
NeoPhotonics Corp.a,b		288,373		2,226,240
NVE Corp.		3,651		281,127
PDF Solutions Inc.a,b		15,701		258,281
Photronics Inc.a,b		592,538		5,569,857
Rambus Inc.a,b		725,119		8,288,110
Rudolph Technologies Inc.a		30,607		699,370
Sigma Designs Inc.a,b		329,428		1,927,154
SunPower Corp.a,b		530,736		4,957,074
Veeco Instruments Inc.a		415,095		11,560,396
Xcerra Corp.a		65,611		641,019
				96,683,801
SOFTWARE — 0.93%
Agilysys Inc.a		142,937		1,446,522
American Software Inc./GA Class A		99,455		1,023,392
Bottomline Technologies de Inc.a,b		43,902		1,127,842
Digimarc Corp.a,b		5,088		204,283

Security	Shares		Value
EnerNOC Inc.a		202,861	$	1,572,173
Glu Mobile Inc.a,b		874,224		2,185,560
MicroStrategy Inc. Class Aa		37,016		7,094,857
Monotype Imaging Holdings Inc.		191,873		3,511,276
Park City Group Inc.a,b		8,578		104,223
Progress Software Corp.		69,835		2,157,203
QAD Inc. Class A		31,347		1,004,671
RealNetworks Inc.a,b		233,960		1,013,047
Rosetta Stone Inc.a,b		126,076		1,359,099
Rubicon Project Inc. (The)a		396,308		2,037,023
SecureWorks Corp. Class Aa,b		74,388		691,065
Silver Spring Networks Inc.a,b		284,173		3,205,471
Synchronoss Technologies Inc.a,b		378,744		6,230,339
Telenav Inc.a,b		135,977		1,101,414
TiVo Corp.		1,032,855		19,262,746
VASCO Data Security International Inc.a		248,630		3,567,841
Verint Systems Inc.a		463,056		18,846,379
				78,746,426
SPECIALTY RETAIL — 2.58%
Aaron’s Inc.		557,639		21,692,157
Abercrombie & Fitch Co. Class A		604,955		7,525,640
America’s Car-Mart Inc./TXa,b		44,762		1,741,242
American Eagle Outfitters Inc.		1,434,029		17,280,049
Ascena Retail Group Inc.a,b		1,537,034		3,304,623
At Home Group Inc.a,b		9,737		226,775
Barnes & Noble Education Inc.a,b		342,595		3,641,785
Barnes & Noble Inc.		528,959		4,020,088
Big 5 Sporting Goods Corp.		179,314		2,340,048
Boot Barn Holdings Inc.a,b		112,328		795,282
Buckle Inc. (The)		255,365		4,545,497
Build-A-Bear Workshop Inc.a,b		126,965		1,326,784
Caleres Inc.		370,202		10,284,212
Carvana Co.a,b		125,267		2,564,215
Cato Corp. (The) Class A		214,778		3,777,945
Chico’s FAS Inc.		1,137,921		10,719,216
Citi Trends Inc.		130,361		2,766,260
Conn’s Inc.a,b		163,769		3,127,988
Container Store Group Inc. (The)a,b		146,342		866,345
DSW Inc. Class A		581,198		10,287,205
Express Inc.a		684,919		4,623,203
Finish Line Inc. (The) Class A		355,225		5,033,538
Genesco Inc.a,b		170,707		5,786,967

422

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
GNC Holdings Inc. Class Ab		602,141	$	5,076,049
Group 1 Automotive Inc.		180,797		11,448,066
Guess? Inc.		531,185		6,788,544
Haverty Furniture Companies Inc.		166,931		4,189,968
Hibbett Sports Inc.a,b		190,724		3,957,523
Kirkland’s Inc.a,b		138,271		1,421,426
MarineMax Inc.a		92,731		1,812,891
Office Depot Inc.		4,506,484		25,416,570
Party City Holdco Inc.a,b		229,169		3,586,495
Pier 1 Imports Inc.		718,861		3,730,889
Rent-A-Center Inc./TX		382,728		4,485,572
Shoe Carnival Inc.		104,205		2,175,800
Sonic Automotive Inc. Class A		236,898		4,607,666
Tailored Brands Inc.		302,530		3,376,235
Tilly’s Inc. Class A		118,652		1,204,318
Vitamin Shoppe Inc.a,b		190,997		2,225,115
West Marine Inc.		164,800		2,117,680
Zumiez Inc.a,b		166,071		2,050,977
				217,948,848
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.24%
Avid Technology Inc.a,b		94,233		495,665
Cray Inc.a		356,862		6,566,261
Eastman Kodak Co.a,b		24,077		219,101
Quantum Corp.a		201,995		1,577,581
Stratasys Ltd.a,b		222,355		5,183,095
Super Micro Computer Inc.a,b		270,617		6,670,709
				20,712,412
TEXTILES, APPAREL & LUXURY GOODS — 0.77%
Columbia Sportswear Co.		165,377		9,601,789
Crocs Inc.a		188,571		1,453,882
Deckers Outdoor Corp.a		261,265		17,833,949
Delta Apparel Inc.a,b		61,121		1,355,664
Fossil Group Inc.a,b		382,352		3,957,343
G-III Apparel Group Ltd.a,b		383,068		9,557,546
Iconix Brand Group Inc.a,b		445,870		3,080,962
Movado Group Inc.		136,380		3,443,595
Oxford Industries Inc.		88,666		5,540,738
Perry Ellis International Inc.a,b		114,537		2,228,890
Sequential Brands Group Inc.a,b		350,517		1,398,563
Unifi Inc.a,b		136,752		4,211,962
Vera Bradley Inc.a,b		180,737		1,767,608
				65,432,491

Security	Shares		Value
THRIFTS & MORTGAGE FINANCE — 3.93%
ASB Bancorp. Inc.a		25,413	$	1,116,901
Astoria Financial Corp.		822,148		16,566,282
Bank Mutual Corp.		377,206		3,451,435
BankFinancial Corp.		129,339		1,929,738
Bear State Financial Inc.		172,882		1,635,464
Beneficial Bancorp. Inc.		612,615		9,189,225
BofI Holding Inc.a,b		308,205		7,310,623
BSB Bancorp. Inc./MAa,b		55,157		1,613,342
Capitol Federal Financial Inc.		1,135,416		16,134,261
Charter Financial Corp./MD		86,931		1,564,758
Clifton Bancorp. Inc.		182,335		3,013,997
Dime Community Bancshares Inc.		280,797		5,503,621
Entegra Financial Corp.a,b		55,786		1,269,131
ESSA Bancorp. Inc.		80,596		1,186,373
Federal Agricultural Mortgage Corp. Class C		78,181		5,058,311
First Defiance Financial Corp.		88,592		4,667,027
Flagstar Bancorp. Inc.a,b		188,882		5,821,343
Greene County Bancorp. Inc.		6,709		182,485
Hingham Institution for Savings		6,043		1,099,403
Home Bancorp. Inc.		52,478		2,231,365
HomeStreet Inc.a,b		256,634		7,102,346
IMPAC Mortgage Holdings Inc.a,b		97,699		1,478,186
Kearny Financial Corp./MD		747,234		11,096,425
Malvern Bancorp. Inc.a		57,829		1,385,004
Meridian Bancorp. Inc.		357,393		6,039,942
Meta Financial Group Inc.		72,088		6,415,832
MGIC Investment Corp.a		3,258,255		36,492,456
Nationstar Mortgage Holdings Inc.a,b		261,160		4,672,152
NMI Holdings Inc. Class Aa,b		428,415		4,905,352
Northfield Bancorp. Inc.		344,525		5,908,604
Northwest Bancshares Inc.		836,842		13,063,104
OceanFirst Financial Corp.		280,076		7,595,661
Oconee Federal Financial Corp.		11,659		324,004
Ocwen Financial Corp.a,b		887,714		2,387,951
Oritani Financial Corp.		350,524		5,976,434
PCSB Financial Corp.a,b		161,213		2,750,294
PennyMac Financial Services Inc. Class Aa,b,d		93,191		1,556,290
PHH Corp.a,b		467,757		6,441,014
Provident Bancorp. Inc.a,b		36,912		830,520
Provident Financial Holdings Inc.		55,901		1,076,094

423

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Security	Shares		Value
Provident Financial Services Inc.		542,602	$	13,771,239
Prudential Bancorp. Inc.b		74,748		1,357,424
Radian Group Inc.		1,906,778		31,175,820
Riverview Bancorp. Inc.		173,786		1,153,939
SI Financial Group Inc.		101,688		1,637,177
Southern Missouri Bancorp. Inc.		49,552		1,598,547
Territorial Bancorp. Inc.		70,081		2,185,826
Timberland Bancorp. Inc./WA		56,089		1,417,369
TrustCo Bank Corp. NY		818,735		6,345,196
United Community Financial Corp./OH		430,928		3,581,012
United Financial Bancorp. Inc.		448,000		7,477,120
Walker & Dunlop Inc.a,b		35,582		1,737,469
Washington Federal Inc.		787,121		26,132,417
Waterstone Financial Inc.		207,398		3,909,452
Western New England Bancorp Inc.		225,932		2,293,210
WSFS Financial Corp.		196,284		8,901,479
				332,717,446
TOBACCO — 0.28%
Universal Corp./VA		218,642		14,146,137
Vector Group Ltd.		446,643		9,522,429
				23,668,566
TRADING COMPANIES & DISTRIBUTORS — 1.50%
Aircastle Ltd.		422,323		9,185,525
Beacon Roofing Supply Inc.a		137,099		6,717,851
BMC Stock Holdings Inc.a		548,220		11,978,607
CAI International Inc.a,b		74,150		1,749,940
DXP Enterprises Inc./TXa		32,659		1,126,736
Foundation Building Materials Inc.a		82,589		1,062,095
GATX Corp.		343,479		22,075,395
Huttig Building Products Inc.a		60,006		420,642
Kaman Corp.		218,351		10,889,164
Lawson Products Inc./DEa,b		15,938		353,027
MRC Global Inc.a,b		786,290		12,989,511
Neff Corp.a,b		7,424		141,056
Nexeo Solutions Inc.a		235,052		1,950,932
NOW Inc.a,b		945,832		15,208,979
Rush Enterprises Inc. Class Aa,b		138,569		5,151,995
Rush Enterprises Inc. Class Ba,b		26,120		951,029
Textainer Group Holdings Ltd.		241,344		3,499,488
Titan Machinery Inc.a,b		165,983		2,984,374
Triton International Ltd.		384,012		12,841,361
Veritiv Corp.a,b		102,558		4,615,110

Security	Shares		Value
Willis Lease Finance Corp.a,b		30,393	$	812,405
				126,705,222
WATER UTILITIES — 0.39%
American States Water Co.		100,506		4,764,990
AquaVenture Holdings Ltd.a,b		105,586		1,608,075
Artesian Resources Corp. Class A		69,978		2,633,972
Cadiz Inc.a,b		188,378		2,543,103
California Water Service Group		162,225		5,969,880
Connecticut Water Service Inc.		98,053		5,442,922
Consolidated Water Co. Ltd.		133,708		1,657,979
Middlesex Water Co.		20,457		810,097
SJW Group		145,372		7,149,395
York Water Co. (The)		11,660		406,351
				32,986,764
WIRELESS TELECOMMUNICATION SERVICES — 0.04%
Spok Holdings Inc.		184,093		3,258,446
				3,258,446
TOTAL COMMON STOCKS)
(Cost: $8,078,690,592				8,437,239,115
SHORT-TERM INVESTMENTS — 10.35%
MONEY MARKET FUNDS — 10.35%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%e,f,g		863,920,214		864,179,390
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%e,f		11,246,124		11,246,124
				875,425,514
TOTAL SHORT-TERM INVESTMENTS
(Cost: $875,225,214)				875,425,514

424

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 110.10%
(Cost: $8,953,915,806)h	$	9,312,664,629
Other Assets, Less Liabilities — (10.10)%		(854,126,401	)
NET ASSETS — 100.00%	$	8,458,538,228

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^d  Affiliated issuer. See Schedule 1.

^e  Affiliated money market fund.

^f  The rate quoted is the annualized seven-day yield of the fund at period end.

^g  All or a portion of this security represents an investment of securities lending collateral.

^h  The cost of investments for federal income tax purposes was $9,102,816,895. Net unrealized appreciation was $209,847,734, of which $955,184,858 represented gross unrealized appreciation on securities and $745,337,124 represented gross unrealized depreciation on securities.

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
PennyMac Financial Services Inc. Class A		93,191		—		—			93,191	$	1,556,290	$	—	$	—
PennyMac Mortgage Investment Trust		610,001		—		(19,331	)		590,670		10,803,354		286,700		(103,566	)
										$	12,359,644	$	286,700	$	(103,566	)

Schedule 2 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
Russell 2000 Mini		294		Sep. 2017		ICE Markets Equity	$	20,769,055	$	20,790,210	$	21,155

425

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 2000 VALUE ETF

June 30, 2017

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	8,434,859,546	$	2,377,835	$	1,734	$	8,437,239,115
Money market funds		875,425,514		—		—		875,425,514
Total	$	9,310,285,060	$	2,377,835	$	1,734	$	9,312,664,629
Derivative financial instrumentsa:
Assets:
Futures contracts	$	21,155	$	—	$	—	$	21,155
Total	$	21,155	$	—	$	—	$	21,155

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

426

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.74%
AEROSPACE & DEFENSE — 2.16%
AAR Corp.		10,932	$	379,996
Aerojet Rocketdyne Holdings Inc.a		21,075		438,360
Aerovironment Inc.a,b		7,556		288,639
Arconic Inc.		119,907		2,715,894
Astronics Corp.a		5,186		158,017
Axon Enterprise Inc.a,b		15,930		400,480
Boeing Co. (The)		174,783		34,563,338
BWX Technologies Inc.		28,130		1,371,337
Cubic Corp.		7,509		347,667
Curtiss-Wright Corp.		13,644		1,252,246
DigitalGlobe Inc.a,b		20,095		669,164
Ducommun Inc.a		3,077		97,172
Engility Holdings Inc.a		4,576		129,958
Esterline Technologies Corp.a		7,979		756,409
General Dynamics Corp.		79,782		15,804,814
HEICO Corp.		7,995		574,361
HEICO Corp. Class A		14,332		889,301
Hexcel Corp.		28,738		1,517,079
Huntington Ingalls Industries Inc.		13,876		2,583,156
KEYW Holding Corp. (The)a,b		17,368		162,391
KLX Inc.a		16,775		838,750
Kratos Defense & Security Solutions Inc.a,b		21,838		259,217
L3 Technologies Inc.		23,976		4,005,910
Lockheed Martin Corp.		76,978		21,369,863
Mercury Systems Inc.a		14,408		606,433
Moog Inc. Class Aa		9,584		687,364
National Presto Industries Inc.		1,324		146,302
Northrop Grumman Corp.		49,553		12,720,751
Orbital ATK Inc.		17,883		1,758,972
Raytheon Co.		89,433		14,441,641
Rockwell Collins Inc.		49,890		5,242,441
Sparton Corp.a		2,986		65,662
Spirit AeroSystems Holdings Inc. Class A		37,125		2,151,022
Teledyne Technologies Inc.a		10,347		1,320,795
Textron Inc.		83,051		3,911,702
TransDigm Group Inc.		14,841		3,990,300
Triumph Group Inc.		14,862		469,639

Security	Shares		Value
United Technologies Corp.		229,336	$	28,004,219
Vectrus Inc.a		3,007		97,186
Wesco Aircraft Holdings Inc.a,b		15,030		163,076
				167,351,024
AIR FREIGHT & LOGISTICS — 0.65%
Air Transport Services Group Inc.a		15,167		330,337
Atlas Air Worldwide Holdings Inc.a		7,622		397,487
CH Robinson Worldwide Inc.		43,478		2,986,069
Echo Global Logistics Inc.a,b		7,694		153,111
Expeditors International of Washington Inc.		54,769		3,093,353
FedEx Corp.		76,051		16,528,164
Forward Air Corp.		8,573		456,769
Hub Group Inc. Class Aa		10,733		411,611
Radiant Logistics Inc.a		9,832		52,896
United Parcel Service Inc. Class B		211,986		23,443,532
XPO Logistics Inc.a		33,859		2,188,307
				50,041,636
AIRLINES — 0.58%
Alaska Air Group Inc.		36,944		3,316,093
Allegiant Travel Co.		4,199		569,384
American Airlines Group Inc.		136,815		6,884,531
Copa Holdings SA Class A		9,558		1,118,286
Delta Air Lines Inc.		207,572		11,154,919
Hawaiian Holdings Inc.a		16,574		778,149
JetBlue Airways Corp.a		102,326		2,336,103
SkyWest Inc.		14,735		517,199
Southwest Airlines Co.		172,456		10,716,416
Spirit Airlines Inc.a		20,886		1,078,762
United Continental Holdings Inc.a		86,319		6,495,505
				44,965,347
AUTO COMPONENTS — 0.35%
Adient PLC		29,043		1,898,831
American Axle & Manufacturing Holdings Inc.a		24,233		378,035
BorgWarner Inc.		64,901		2,749,206
Cooper Tire & Rubber Co.		15,621		563,918
Cooper-Standard Holding Inc.a		5,543		559,122
Dana Inc.		43,292		966,710

427

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Delphi Automotive PLC		82,204	$	7,205,181
Dorman Products Inc.a,b		8,655		716,374
Fox Factory Holding Corp.a		10,677		380,101
Gentex Corp.		88,045		1,670,214
Gentherm Inc.a		12,162		471,886
Goodyear Tire & Rubber Co. (The)		76,966		2,690,731
Horizon Global Corp.a		5,166		74,184
LCI Industries		7,181		735,334
Lear Corp.		21,209		3,013,375
Modine Manufacturing Co.a		13,760		227,728
Motorcar Parts of America Inc.a		6,301		177,940
Shiloh Industries Inc.a,b		6,263		73,528
Standard Motor Products Inc.		6,019		314,312
Stoneridge Inc.a		7,913		121,939
Superior Industries International Inc.		6,560		134,808
Tenneco Inc.		16,056		928,519
Tower International Inc.		5,821		130,682
Visteon Corp.a		9,566		976,306
VOXX International Corp.a		10,760		88,232
				27,247,196
AUTOMOBILES — 0.61%
Ford Motor Co.		1,199,925		13,427,161
General Motors Co.		421,007		14,705,774
Harley-Davidson Inc.		53,695		2,900,604
Tesla Inc.a,b		39,910		14,431,855
Thor Industries Inc.		14,755		1,542,193
Winnebago Industries Inc.		8,569		299,915
				47,307,502
BANKS — 6.64%
1st Source Corp.		4,663		223,544
Access National Corp.b		3,951		104,781
ACNB Corp.		1,819		55,480
Allegiance Bancshares Inc.a,b		4,092		156,724
American National Bankshares Inc.		2,239		82,731
Ameris Bancorp.		11,585		558,397
Ames National Corp.		2,300		70,380
Arrow Financial Corp.		3,238		102,483
Associated Banc-Corp.		46,680		1,176,336
Atlantic Capital Bancshares Inc.a,b		5,207		98,933

Security	Shares		Value
Banc of California Inc.		14,427	$	310,181
BancFirst Corp.		2,758		266,423
Banco Latinoamericano de Comercio Exterior SA Class E		8,194		224,352
Bancorp. Inc. (The)a		19,248		145,900
BancorpSouth Inc.		25,939		791,139
Bank of America Corp.		3,061,452		74,270,826
Bank of Commerce Holdings		6,978		77,107
Bank of Hawaii Corp.		13,052		1,082,924
Bank of Marin Bancorp.		1,410		86,786
Bank of NT Butterfield & Son Ltd. (The)		16,393		559,001
Bank of the Ozarks Inc.		35,011		1,640,966
BankUnited Inc.		32,522		1,096,317
Bankwell Financial Group Inc.		1,754		54,777
Banner Corp.		10,232		578,210
Bar Harbor Bankshares		5,002		154,162
BB&T Corp.		248,865		11,300,960
BCB Bancorp. Inc.		4,999		76,485
Berkshire Hills Bancorp. Inc.		9,777		343,662
Blue Hills Bancorp. Inc.		8,231		147,335
BOK Financial Corp.		8,231		692,474
Boston Private Financial Holdings Inc.		27,069		415,509
Bridge Bancorp. Inc.		5,141		171,195
Brookline Bancorp. Inc.		20,235		295,431
Bryn Mawr Bank Corp.		5,668		240,890
C&F Financial Corp.		975		45,728
Cadence BanCorpa		3,499		76,558
California First National Bancorp.		739		13,930
Camden National Corp.		4,342		186,315
Capital Bank Financial Corp. Class A		7,730		294,513
Capital City Bank Group Inc.		3,225		65,855
Capstar Financial Holdings Inc.a		912		16,179
Carolina Financial Corp.		3,082		99,610
Cathay General Bancorp.		22,283		845,640
CenterState Banks Inc.		17,093		424,932
Central Pacific Financial Corp.		9,057		285,024
Central Valley Community Bancorp.		2,579		57,151
Century Bancorp. Inc./MA Class A		995		63,282

428

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Chemical Financial Corp.		21,606	$	1,045,946
Chemung Financial Corp.		953		38,959
CIT Group Inc.		61,667		3,003,183
Citigroup Inc.		846,790		56,633,315
Citizens & Northern Corp.		3,393		78,921
Citizens Financial Group Inc.		155,615		5,552,343
City Holding Co.b		4,242		279,421
Civista Bancshares Inc.		4,002		83,562
CNB Financial Corp./PA		3,607		86,460
CoBiz Financial Inc.		9,949		173,113
Codorus Valley Bancorp. Inc.		2,402		68,217
Columbia Banking System Inc.		18,127		722,361
Comerica Inc.		53,530		3,920,537
Commerce Bancshares Inc./MO		26,887		1,527,988
Commerce Union Bancshares Inc.		3,334		79,583
Community Bank System Inc.b		15,548		867,112
Community Bankers Trust Corp.a		9,448		77,946
Community Financial Corp. (The)		2,004		77,154
Community Trust Bancorp. Inc.		4,468		195,475
ConnectOne Bancorp. Inc.		7,919		178,573
County Bancorp. Inc.		1,407		33,768
CU Bancorp.a		4,915		177,677
Cullen/Frost Bankers Inc.		17,600		1,652,816
Customers Bancorp. Inc.a,b		9,168		259,271
CVB Financial Corp.		30,339		680,504
DNB Financial Corp.b		2,207		75,700
Eagle Bancorp. Inc.a		9,884		625,657
East West Bancorp. Inc.		44,455		2,604,174
Enterprise Bancorp. Inc./MA		2,774		98,588
Enterprise Financial Services Corp.		7,029		286,783
Equity Bancshares Inc. Class Aa		2,081		63,762
Evans Bancorp. Inc.		1,923		76,824
F.N.B. Corp.		100,688		1,425,742
Farmers & Merchants Bancorp. Inc./Archbold OHb		1,541		95,542
Farmers Capital Bank Corp.		2,825		108,904
Farmers National Banc Corp.		7,454		108,083
FB Financial Corp.a,b		3,047		110,271
FCB Financial Holdings Inc. Class Aa		9,927		474,014

Security	Shares		Value
Fidelity Southern Corp.		7,041	$	160,957
Fifth Third Bancorp.		230,527		5,984,481
Financial Institutions Inc.		3,991		118,932
First Bancorp. Inc./ME		2,406		65,106
First BanCorp./Puerto Ricoa		49,962		289,280
First Bancorp./Southern Pines NC		7,058		220,633
First Bancshares Inc. (The)b		2,811		77,584
First Busey Corp.		8,424		246,992
First Business Financial Services Inc.		2,264		52,253
First Citizens BancShares Inc./NC Class A		2,233		832,239
First Commonwealth Financial Corp.		31,420		398,406
First Community Bancshares Inc./VA		5,184		141,782
First Community Financial Partners Inc.a		4,093		52,800
First Connecticut Bancorp. Inc./Farmington CT		5,117		131,251
First Financial Bancorp.		19,487		539,790
First Financial Bankshares Inc.		18,747		828,617
First Financial Corp./IN		3,263		154,340
First Financial Northwest Inc.		2,769		44,664
First Foundation Inc.a		7,964		130,849
First Guaranty Bancshares Inc.b		2,923		79,623
First Hawaiian Inc.		16,286		498,677
First Horizon National Corp.		69,227		1,205,934
First Internet Bancorp.		1,511		42,384
First Interstate BancSystem Inc.		6,866		255,415
First Merchants Corp.		12,035		483,085
First Mid-Illinois Bancshares Inc.		3,976		136,138
First Midwest Bancorp. Inc./IL		31,122		725,454
First Northwest Bancorp.a		3,314		52,262
First of Long Island Corp. (The)		7,694		220,048
First Republic Bank/CA		47,685		4,773,268
Flushing Financial Corp.		8,811		248,382
FNB Bancorp./CAb		2,973		81,639
Franklin Financial Network Inc.a,b		3,905		161,081
Fulton Financial Corp.		53,366		1,013,954
German American Bancorp. Inc.		7,581		258,436

429

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Glacier Bancorp. Inc.		23,173	$	848,364
Great Southern Bancorp. Inc.		3,047		163,015
Great Western Bancorp. Inc.		17,458		712,461
Green Bancorp. Inc.a		7,141		138,535
Guaranty Bancorp.		7,396		201,171
Guaranty Bancshares Inc./TX		2,556		81,664
Hancock Holding Co.		25,394		1,244,306
Hanmi Financial Corp.		8,896		253,091
HarborOne Bancorp Inc.a,b		4,381		87,445
Heartland Financial USA Inc.		7,761		365,543
Heritage Commerce Corp.		11,693		161,130
Heritage Financial Corp./WA		8,478		224,667
Hilltop Holdings Inc.		23,685		620,784
Home BancShares Inc./AR		37,603		936,315
HomeTrust Bancshares Inc.a		6,366		155,330
Hope Bancorp Inc.		40,206		749,842
Horizon Bancorp./IN		5,191		136,783
Howard Bancorp. Inc.a,b		4,132		79,541
Huntington Bancshares Inc./OH		333,385		4,507,365
IBERIABANK Corp.		15,300		1,246,950
Independent Bank Corp./MI		6,490		141,158
Independent Bank Corp./Rockland MA		8,536		568,924
Independent Bank Group Inc.		5,730		340,935
International Bancshares Corp.		17,138		600,687
Investar Holding Corp.		3,420		78,318
Investors Bancorp. Inc.		79,034		1,055,894
JPMorgan Chase & Co.		1,087,127		99,363,408
KeyCorp		335,240		6,282,398
Lakeland Bancorp. Inc.		13,331		251,289
Lakeland Financial Corp.		7,051		323,500
LCNB Corp.		2,593		51,860
LegacyTexas Financial Group Inc.		13,973		532,790
Live Oak Bancshares Inc.b		6,836		165,431
M&T Bank Corp.		44,391		7,189,122
Macatawa Bank Corp.		7,887		75,242
MainSource Financial Group Inc.		8,528		285,773
MB Financial Inc.		23,714		1,044,365
MBT Financial Corp.		5,335		51,750
Mercantile Bank Corp.		5,540		174,399
Middlefield Banc Corp.		1,546		77,918
Midland States Bancorp. Inc.		4,670		156,538

Security	Shares		Value
MidSouth Bancorp. Inc.		6,765	$	79,489
MidWestOne Financial Group Inc.		4,260		144,371
MutualFirst Financial Inc.		1,679		59,940
National Bank Holdings Corp. Class A		8,436		279,316
National Bankshares Inc.		2,000		81,600
National Commerce Corp.a		3,773		149,222
NBT Bancorp. Inc.		12,536		463,205
Nicolet Bankshares Inc.a		2,075		113,523
Northrim BanCorp. Inc.		2,029		61,682
Norwood Financial Corp.b		1,857		78,458
OFG Bancorp.		13,075		130,750
Ohio Valley Banc Corp.		2,249		81,076
Old Line Bancshares Inc.		2,474		69,717
Old National Bancorp./IN		39,182		675,889
Old Point Financial Corp.b		2,524		82,989
Old Second Bancorp. Inc.		8,937		103,222
Opus Bank		5,672		137,262
Orrstown Financial Services Inc.		2,210		50,499
Pacific Continental Corp.		5,241		133,908
Pacific Mercantile Bancorp.a		4,562		40,146
Pacific Premier Bancorp. Inc.a		12,536		462,578
PacWest Bancorp.		36,977		1,726,826
Paragon Commercial Corp.a,b		1,717		90,091
Park National Corp.		4,184		433,964
Park Sterling Corp.		15,573		185,007
Parke Bancorp. Inc.		3,611		80,886
Peapack Gladstone Financial Corp.		5,628		176,100
Penns Woods Bancorp. Inc.		1,081		44,516
People’s United Financial Inc.		104,222		1,840,561
People’s Utah Bancorp.		5,244		140,539
Peoples Bancorp. Inc./OH		3,992		128,263
Peoples Bancorp. of North Carolina Inc.		2,567		81,117
Peoples Financial Services Corp.		2,174		95,069
Pinnacle Financial Partners Inc.		22,269		1,398,493
PNC Financial Services Group Inc. (The)c		148,671		18,564,548
Popular Inc.		30,477		1,271,196
Preferred Bank/Los Angeles CA		3,361		179,713
Premier Financial Bancorp. Inc.		2,840		58,532

430

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Prosperity Bancshares Inc.		20,038	$	1,287,241
QCR Holdings Inc.		3,397		161,018
Regions Financial Corp.		369,045		5,402,819
Renasant Corp.		13,013		569,189
Republic Bancorp. Inc./KY Class A		2,903		103,637
Republic First Bancorp. Inc.a,b		18,595		172,004
S&T Bancorp. Inc.		10,966		393,241
Sandy Spring Bancorp. Inc.		7,137		290,190
Seacoast Banking Corp. of Floridaa		12,180		293,538
ServisFirst Bancshares Inc.		13,417		494,953
Shore Bancshares Inc.		3,707		60,980
Sierra Bancorp.		3,329		81,727
Signature Bank/New York NYa		16,379		2,350,878
Simmons First National Corp. Class A		8,523		450,867
SmartFinancial Inc.a		3,231		77,156
South State Corp.		8,807		754,760
Southern First Bancshares Inc.a		1,757		65,097
Southern National Bancorp. of Virginia Inc.		3,343		58,837
Southside Bancshares Inc.		7,778		271,763
Southwest Bancorp. Inc.		5,464		139,605
State Bank Financial Corp.		12,059		327,040
Sterling Bancorp./DE		39,155		910,354
Stock Yards Bancorp. Inc.		7,129		277,318
Stonegate Bank		3,680		169,942
Summit Financial Group Inc.		2,463		54,186
Sun Bancorp. Inc./NJb		2,193		54,057
Sunshine Bancorp. Inc.a,b		3,532		75,267
SunTrust Banks Inc.		148,418		8,418,269
SVB Financial Groupa		15,953		2,804,378
Synovus Financial Corp.		37,119		1,642,145
TCF Financial Corp.		49,561		790,002
Texas Capital Bancshares Inc.a		15,038		1,163,941
Tompkins Financial Corp.		4,178		328,892
TowneBank/Portsmouth VA		16,951		522,091
TriCo Bancshares		5,619		197,508
Tristate Capital Holdings Inc.a,b		6,504		163,901
Triumph Bancorp. Inc.a		6,134		150,590
Trustmark Corp.		19,720		634,195
Two River Bancorp.		4,366		81,164
U.S. Bancorp.		486,397		25,253,732

Security	Shares		Value
UMB Financial Corp.		13,291	$	994,964
Umpqua Holdings Corp.		68,784		1,262,874
Union Bankshares Corp.		12,638		428,428
Union Bankshares Inc./Morrisville VTb		1,156		54,910
United Bankshares Inc./WV		30,619		1,200,265
United Community Banks Inc./GA		20,648		574,014
United Security Bancshares/Fresno CA		7,986		73,871
Unity Bancorp. Inc.		4,666		80,255
Univest Corp. of Pennsylvania		8,433		252,568
Valley National Bancorp.		78,108		922,455
Veritex Holdings Inc.a		5,449		143,472
Washington Trust Bancorp. Inc.		4,212		217,129
WashingtonFirst Bankshares Inc.		2,509		86,636
Webster Financial Corp.		27,988		1,461,533
Wells Fargo & Co.		1,380,734		76,506,471
WesBanco Inc.		12,823		507,021
West Bancorp. Inc.		4,373		103,421
Westamerica Bancorp.		7,906		443,052
Western Alliance Bancorp.a		29,515		1,452,138
Wintrust Financial Corp.		16,909		1,292,524
Zions BanCorp.		60,919		2,674,953
				514,414,193
BEVERAGES — 1.73%
Boston Beer Co. Inc. (The) Class Aa,b		2,521		333,150
Brown-Forman Corp. Class A		17,342		854,961
Brown-Forman Corp. Class B		54,133		2,630,864
Castle Brands Inc.a		45,839		78,843
Coca-Cola Bottling Co. Consolidated		1,293		295,929
Coca-Cola Co. (The)		1,181,085		52,971,662
Constellation Brands Inc. Class A		49,685		9,625,475
Craft Brew Alliance Inc.a,b		3,001		50,567
Dr Pepper Snapple Group Inc.		55,997		5,101,887
MGP Ingredients Inc.b		4,491		229,804
Molson Coors Brewing Co. Class B		52,601		4,541,570
Monster Beverage Corp.a		126,691		6,294,009
National Beverage Corp.b		3,984		372,743

431

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
PepsiCo Inc.		439,093	$	50,710,850
Primo Water Corp.a		6,338		80,493
				134,172,807
BIOTECHNOLOGY — 3.17%
AbbVie Inc.		489,536		35,496,255
Abeona Therapeutics Inc.a,b		15,493		99,155
ACADIA Pharmaceuticals Inc.a,b		30,138		840,549
Acceleron Pharma Inc.a,b		9,392		285,423
Achaogen Inc.a		8,836		192,006
Achillion Pharmaceuticals Inc.a		33,530		153,903
Acorda Therapeutics Inc.a,b		11,895		234,331
Adamas Pharmaceuticals Inc.a,b		3,627		63,436
Aduro Biotech Inc.a,b		9,931		113,213
Advaxis Inc.a,b		8,454		54,866
Agenus Inc.a,b		26,077		101,961
Agios Pharmaceuticals Inc.a,b		12,726		654,753
Aimmune Therapeutics Inc.a,b		9,649		198,383
Akebia Therapeutics Inc.a		10,329		148,428
Alder Biopharmaceuticals Inc.a,b		13,785		157,838
Alexion Pharmaceuticals Inc.a		66,904		8,140,210
Alkermes PLCa		46,891		2,718,271
Alnylam Pharmaceuticals Inc.a,b		22,586		1,801,459
AMAG Pharmaceuticals Inc.a,b		10,298		189,483
Amgen Inc.		226,090		38,939,481
Amicus Therapeutics Inc.a,b		44,770		450,834
AnaptysBio Inc.a		1,518		36,326
Anavex Life Sciences Corp.a,b		9,772		51,987
Ardelyx Inc.a,b		8,038		40,994
Arena Pharmaceuticals Inc.a,b		7,860		132,598
Array BioPharma Inc.a,b		50,526		422,903
Asterias Biotherapeutics Inc.a,b		3,098		10,998
Atara Biotherapeutics Inc.a,b		5,503		77,042
Athersys Inc.a,b		22,790		34,413
Audentes Therapeutics Inc.a		6,126		117,190
Avexis Inc.a,b		6,220		511,035
Axovant Sciences Ltd.a,b		9,595		222,508
Bellicum Pharmaceuticals Inc.a		8,759		102,305
BioCryst Pharmaceuticals Inc.a		20,225		112,451
Biogen Inc.a		65,149		17,678,833
Biohaven Pharmaceutical Holding Co. Ltd.a		3,048		76,200
BioMarin Pharmaceutical Inc.a		53,525		4,861,140
BioSpecifics Technologies Corp.a		1,051		52,035

Security	Shares		Value
BioTime Inc.a,b		22,508	$	70,900
Bioverativ Inc.a		33,419		2,010,821
Bluebird Bio Inc.a,b		12,306		1,292,745
Blueprint Medicines Corp.a		11,835		599,679
Calithera Biosciences Inc.a		9,332		138,580
Cara Therapeutics Inc.a,b		6,571		101,128
Cascadian Therapeutics Inc.a		21,579		80,166
Catalyst Pharmaceuticals Inc.a		28,587		78,900
Celgene Corp.a		238,078		30,919,190
Celldex Therapeutics Inc.a,b		29,647		73,228
ChemoCentryx Inc.a		7,141		66,840
Chimerix Inc.a,b		13,311		72,545
Clovis Oncology Inc.a,b		11,991		1,122,717
Coherus Biosciences Inc.a		9,724		139,539
Conatus Pharmaceuticals Inc.a		15,160		87,322
Concert Pharmaceuticals Inc.a		4,590		64,031
Corbus Pharmaceuticals Holdings Inc.a,b		13,495		85,019
Corvus Pharmaceuticals Inc.a,b		1,003		12,136
Curis Inc.a		29,895		56,502
Cytokinetics Inc.a,b		12,695		153,610
CytomX Therapeutics Inc.a		10,774		166,997
Dyax Corp.d		40,743		93,301
Dynavax Technologies Corp.a		11,434		110,338
Eagle Pharmaceuticals Inc./DEa		2,392		188,705
Edge Therapeutics Inc.a,b		2,445		25,086
Editas Medicine Inc.a,b		10,300		172,834
Emergent BioSolutions Inc.a		9,920		336,387
Enanta Pharmaceuticals Inc.a		4,581		164,824
Epizyme Inc.a,b		11,131		168,078
Esperion Therapeutics Inc.a,b		3,693		170,912
Exact Sciences Corp.a,b		34,080		1,205,410
Exelixis Inc.a		88,581		2,181,750
Fate Therapeutics Inc.a,b		24,375		78,975
FibroGen Inc.a,b		17,357		560,631
Five Prime Therapeutics Inc.a		8,591		258,675
Flexion Therapeutics Inc.a,b		8,829		178,522
Fortress Biotech Inc.a,b		10,158		48,251
Foundation Medicine Inc.a,b		4,164		165,519
Genocea Biosciences Inc.a,b		14,701		76,739
Genomic Health Inc.a		6,920		225,246
Geron Corp.a,b		40,534		112,279
Gilead Sciences Inc.		399,742		28,293,739

432

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Global Blood Therapeutics Inc.a,b		11,247	$	307,605
Halozyme Therapeutics Inc.a,b		32,346		414,676
Heron Therapeutics Inc.a,b		12,667		175,438
Idera Pharmaceuticals Inc.a,b		33,132		56,987
Ignyta Inc.a		13,183		136,444
Immune Design Corp.a		4,669		45,523
ImmunoGen Inc.a,b		23,939		170,206
Immunomedics Inc.a,b		35,031		309,324
Incyte Corp.a		51,694		6,508,792
Inovio Pharmaceuticals Inc.a,b		17,899		140,328
Insmed Inc.a		19,443		333,642
Insys Therapeutics Inc.a,b		7,107		89,904
Intellia Therapeutics Inc.a		2,098		33,568
Intercept Pharmaceuticals Inc.a,b		5,159		624,600
Intrexon Corp.a,b		17,763		427,911
Invitae Corp.a		11,594		110,839
Ionis Pharmaceuticals Inc.a,b		37,853		1,925,582
Iovance Biotherapeutics Inc.a,b		22,398		164,625
Ironwood Pharmaceuticals Inc.a		40,672		767,887
Jounce Therapeutics Inc.a		1,947		27,316
Juno Therapeutics Inc.a,b		18,742		560,198
Karyopharm Therapeutics Inc.a,b		6,817		61,694
Keryx Biopharmaceuticals Inc.a,b		28,324		204,783
Kindred Biosciences Inc.a,b		9,868		84,865
Kite Pharma Inc.a		14,897		1,544,372
Kura Oncology Inc.a		10,917		101,528
La Jolla Pharmaceutical Co.a,b		5,955		177,280
Lexicon Pharmaceuticals Inc.a,b		10,918		179,601
Ligand Pharmaceuticals Inc.a		6,375		773,925
Loxo Oncology Inc.a,b		6,101		489,239
MacroGenics Inc.a,b		10,128		177,341
Madrigal Pharmaceuticals Inc.a		5,299		86,162
Matinas BioPharma Holdings Inc.a,b		28,708		48,517
MediciNova Inc.a,b		8,869		46,651
Merrimack Pharmaceuticals Inc.b		31,611		39,198
MiMedx Group Inc.a		30,978		463,741
Minerva Neurosciences Inc.a,b		4,746		42,002
Miragen Therapeutics Inc.a,b		9,279		119,977
Momenta Pharmaceuticals Inc.a		22,022		372,172
Myriad Genetics Inc.a,b		18,705		483,337
NantKwest Inc.a,b		13,014		98,776

Security	Shares		Value
Natera Inc.a		9,371	$	101,769
Neurocrine Biosciences Inc.a,b		26,505		1,219,230
NewLink Genetics Corp.a,b		6,641		48,811
Novavax Inc.a,b		78,265		90,005
Novelion Therapeutics Inc.a		7,786		71,865
Nymox Pharmaceutical Corp.a		20,576		90,534
Oncocyte Corp.a		14,479		75,291
OPKO Health Inc.a,b		96,393		634,266
Organovo Holdings Inc.a,b		37,514		98,662
Otonomy Inc.a		9,824		185,182
Ovid therapeutics Inc.a		6,149		64,503
PDL BioPharma Inc.		51,345		126,822
Pieris Pharmaceuticals Inc.a		17,064		86,344
Portola Pharmaceuticals Inc.a		14,660		823,452
Progenics Pharmaceuticals Inc.a,b		24,007		163,008
Protagonist Therapeutics Inc.a		2,265		25,617
Prothena Corp. PLCa,b		11,682		632,230
PTC Therapeutics Inc.a,b		9,690		177,618
Puma Biotechnology Inc.a		9,002		786,775
Ra Pharmaceuticals Inc.a		2,472		46,325
Radius Health Inc.a,b		11,407		515,939
Recro Pharma Inc.a		11,580		81,407
Regeneron Pharmaceuticals Inc.a		24,054		11,813,882
REGENXBIO Inc.a		9,236		182,411
Repligen Corp.a		11,431		473,701
Retrophin Inc.a		10,894		211,235
Rigel Pharmaceuticals Inc.a		51,349		140,183
Sage Therapeutics Inc.a,b		10,531		838,689
Sangamo Therapeutics Inc.a,b		21,638		190,414
Sarepta Therapeutics Inc.a,b		15,111		509,392
Seattle Genetics Inc.a,b		29,961		1,550,182
Selecta Biosciences Inc.a		1,485		29,492
Seres Therapeutics Inc.a		5,157		58,274
Spark Therapeutics Inc.a,b		6,417		383,352
Spectrum Pharmaceuticals Inc.a		17,252		128,527
Stemline Therapeutics Inc.a		8,001		73,609
Strongbridge Biopharma PLCa		16,309		116,609
Syndax Pharmaceuticals Inc.a,b		1,381		19,293
Synergy Pharmaceuticals Inc.a,b		66,311		295,084
Syros Pharmaceuticals Inc.a		1,365		21,963
TESARO Inc.a,b		11,378		1,591,327
TG Therapeutics Inc.a,b		15,865		159,443

433

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Tocagen Inc.a		5,220	$	62,797
Trevena Inc.a		13,158		30,263
Ultragenyx Pharmaceutical Inc.a,b		12,101		751,593
United Therapeutics Corp.a,b		13,857		1,797,669
Vanda Pharmaceuticals Inc.a		14,396		234,655
VBI Vaccines Inc.a,b		18,058		78,552
Veracyte Inc.a		1,897		15,802
Versartis Inc.a,b		8,223		143,491
Vertex Pharmaceuticals Inc.a		76,489		9,857,137
Voyager Therapeutics Inc.a		1,700		15,232
vTv Therapeutics Inc. Class Aa,b		1,808		8,986
XBiotech Inc.a,b		5,745		27,002
Xencor Inc.a,b		11,579		244,433
ZIOPHARM Oncology Inc.a,b		36,162		224,928
				245,135,805
BUILDING PRODUCTS — 0.48%
AAON Inc.		11,898		438,441
Advanced Drainage Systems Inc.		9,549		191,935
Allegion PLC		29,208		2,369,353
American Woodmark Corp.a		4,468		426,917
AO Smith Corp.		43,946		2,475,478
Apogee Enterprises Inc.		8,293		471,374
Armstrong Flooring Inc.a		5,662		101,746
Armstrong World Industries Inc.a,b		13,852		637,192
Builders FirstSource Inc.a		29,798		456,505
Caesarstone Ltd.a		7,177		251,554
Continental Building Products Inc.a		12,028		280,252
CSW Industrials Inc.a,b		4,318		166,891
Fortune Brands Home & Security Inc.		47,301		3,085,917
Gibraltar Industries Inc.a		9,533		339,852
Griffon Corp.		8,330		182,844
Insteel Industries Inc.		5,061		166,861
JELD-WEN Holding Inc.a		7,631		247,702
Johnson Controls International PLC		287,592		12,469,989
Lennox International Inc.		11,804		2,167,687
Masco Corp.		97,969		3,743,396
Masonite International Corp.a,b		9,572		722,686
NCI Building Systems Inc.a		13,313		222,327

Security	Shares		Value
Owens Corning		34,018	$	2,276,485
Patrick Industries Inc.a,b		4,552		331,613
PGT Innovations Inc.a		12,163		155,686
Ply Gem Holdings Inc.a		5,094		91,437
Quanex Building Products Corp.		10,613		224,465
Simpson Manufacturing Co. Inc.		11,983		523,777
Trex Co. Inc.a		9,481		641,485
Universal Forest Products Inc.		6,347		554,157
USG Corp.a,b		26,770		776,865
				37,192,869
CAPITAL MARKETS — 2.76%
Affiliated Managers Group Inc.		17,287		2,867,222
Ameriprise Financial Inc.		46,748		5,950,553
Arlington Asset Investment Corp. Class Ab		5,806		79,368
Artisan Partners Asset Management Inc. Class A		12,458		382,461
Associated Capital Group Inc.		1,919		65,246
B. Riley Financial Inc.		3,968		73,606
Bank of New York Mellon Corp. (The)		309,752		15,803,547
BGC Partners Inc. Class A		72,722		919,206
BlackRock Inc.c		38,205		16,138,174
CBOE Holdings Inc.		33,844		3,093,342
Charles Schwab Corp. (The)		363,938		15,634,776
CME Group Inc.		104,246		13,055,769
Cohen & Steers Inc.		7,180		291,077
Cowen Group Inc. Class Aa,b		7,255		117,894
Diamond Hill Investment Group Inc.		841		167,695
Donnelley Financial Solutions Inc.a		7,965		182,876
E*TRADE Financial Corp.a		84,189		3,201,708
Eaton Vance Corp. NVS		34,263		1,621,325
Evercore Partners Inc. Class A		12,553		884,986
FactSet Research Systems Inc.		11,822		1,964,580
Federated Investors Inc. Class B NVS		28,632		808,854
Fifth Street Asset Management Inc.		1,801		8,735
Financial Engines Inc.b		17,178		628,715
Franklin Resources Inc.		102,667		4,598,455
GAIN Capital Holdings Inc.		11,585		72,174

434

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
GAMCO Investors Inc. Class A		1,811	$	53,606
Goldman Sachs Group Inc. (The)		112,799		25,030,098
Greenhill & Co. Inc.		8,636		173,584
Hamilton Lane Inc. Class A		4,204		92,446
Houlihan Lokey Inc.		6,377		222,557
Interactive Brokers Group Inc. Class A		21,049		787,654
Intercontinental Exchange Inc.		179,584		11,838,177
INTL. FCStone Inc.a		4,096		154,665
Invesco Ltd.		123,240		4,336,816
Investment Technology Group Inc.		10,490		222,808
KCG Holdings Inc. Class Aa		15,021		299,519
Ladenburg Thalmann Financial Services Inc.a		30,065		73,359
Lazard Ltd. Class A		36,782		1,704,110
Legg Mason Inc.		26,487		1,010,744
LPL Financial Holdings Inc.		26,655		1,131,771
MarketAxess Holdings Inc.		11,341		2,280,675
Medley Management Inc.		1,739		11,303
Moelis & Co. Class A		7,130		277,000
Moody’s Corp.		51,021		6,208,235
Morgan Stanley		405,639		18,075,274
Morningstar Inc.		6,082		476,464
MSCI Inc.		27,259		2,807,404
Nasdaq Inc.		34,795		2,487,494
Northern Trust Corp.		64,223		6,243,118
OM Asset Management PLC		17,746		263,705
Oppenheimer Holdings Inc. Class A		2,980		48,872
Piper Jaffray Companies		4,347		260,603
PJT Partners Inc. Class A		5,317		213,850
Pzena Investment Management Inc. Class A		3,242		32,939
Raymond James Financial Inc.		38,919		3,122,082
S&P Global Inc.		79,201		11,562,554
Safeguard Scientifics Inc.a		6,164		73,352
SEI Investments Co.		41,506		2,232,193
Silvercrest Asset Management Group Inc.		2,111		28,393
State Street Corp.		115,003		10,319,219
Stifel Financial Corp.a		21,009		965,994

Security	Shares		Value
T Rowe Price Group Inc.		72,262	$	5,362,563
TD Ameritrade Holding Corp.		76,825		3,302,707
Value Line Inc.		318		5,819
Virtu Financial Inc. Class A		9,700		171,205
Virtus Investment Partners Inc.		2,059		228,446
Waddell & Reed Financial Inc. Class A		23,568		444,964
Westwood Holdings Group Inc.		1,971		111,736
Wins Finance Holdings Inc.a,b		383		80,430
WisdomTree Investments Inc.		31,445		319,796
				213,762,647
CHEMICALS — 2.22%
A Schulman Inc.		8,513		272,416
AdvanSix Inc.a		9,272		289,657
AgroFresh Solutions Inc.a		6,582		47,259
Air Products & Chemicals Inc.		65,665		9,394,035
Albemarle Corp.		33,719		3,558,703
American Vanguard Corp.		7,909		136,430
Ashland Global Holdings Inc.		19,181		1,264,220
Axalta Coating Systems Ltd.a		65,170		2,088,047
Balchem Corp.		9,708		754,409
Cabot Corp.		18,329		979,318
Calgon Carbon Corp.		16,413		247,836
Celanese Corp. Series A		42,723		4,056,122
CF Industries Holdings Inc.		73,007		2,041,276
Chase Corp.		1,882		200,809
Chemours Co. (The)		56,469		2,141,304
Codexis Inc.a,b		9,997		54,484
Core Molding Technologies Inc.a		3,827		82,701
Dow Chemical Co. (The)		375,187		23,663,044
Eastman Chemical Co.		45,269		3,802,143
Ecolab Inc.		78,827		10,464,284
EI du Pont de Nemours & Co.		266,802		21,533,589
Ferro Corp.a		26,029		476,070
Flotek Industries Inc.a,b		16,106		143,988
FMC Corp.		40,777		2,978,760
FutureFuel Corp.		5,590		84,353
GCP Applied Technologies Inc.a		21,203		646,692
Hawkins Inc.		2,552		118,285
HB Fuller Co.		15,854		810,298
Huntsman Corp.		61,883		1,599,057
Ingevity Corp.a		13,031		747,979

435

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Innophos Holdings Inc.		6,323	$	277,200
Innospec Inc.		7,599		498,114
International Flavors & Fragrances Inc.		24,099		3,253,365
Intrepid Potash Inc.a,b		36,714		82,974
KMG Chemicals Inc.		2,236		108,826
Koppers Holdings Inc.a		6,136		221,816
Kraton Corp.a		9,408		324,012
Kronos Worldwide Inc.		5,755		104,856
LSB Industries Inc.a,b		5,419		55,978
LyondellBasell Industries NV Class A		101,433		8,559,931
Minerals Technologies Inc.		10,330		756,156
Monsanto Co.		134,622		15,933,860
Mosaic Co. (The)		107,058		2,444,134
NewMarket Corp.		2,214		1,019,503
Olin Corp.		50,049		1,515,484
OMNOVA Solutions Inc.a		13,172		128,427
Platform Specialty Products Corp.a,b		67,801		859,717
PolyOne Corp.		24,571		951,881
PPG Industries Inc.		78,700		8,653,852
Praxair Inc.		87,711		11,626,093
Quaker Chemical Corp.		4,170		605,609
Rayonier Advanced Materials Inc.		12,059		189,567
RPM International Inc.		40,795		2,225,367
Scotts Miracle-Gro Co. (The) Class A		13,252		1,185,524
Sensient Technologies Corp.		13,303		1,071,291
Sherwin-Williams Co. (The)		25,158		8,829,452
Stepan Co.		6,278		547,065
Trecora Resourcesa,b		5,682		63,923
Tredegar Corp.		6,824		104,066
Trinseo SA		13,530		929,511
Tronox Ltd. Class A		21,847		330,327
Valhi Inc.		5,537		16,500
Valvoline Inc.		63,201		1,499,128
Westlake Chemical Corp.		11,368		752,675
WR Grace & Co.		20,891		1,504,361
				171,908,113
COMMERCIAL SERVICES & SUPPLIES — 0.53%
ABM Industries Inc.		17,791		738,682
ACCO Brands Corp.a		32,468		378,252

Security	Shares		Value
Advanced Disposal Services Inc.a		6,762	$	153,700
Aqua Metals Inc.a,b		3,221		40,424
ARC Document Solutions Inc.a		10,518		43,755
Brady Corp. Class A		14,899		505,076
Brink’s Co. (The)		13,720		919,240
Casella Waste Systems Inc. Class Aa		10,732		176,112
CECO Environmental Corp.		7,603		69,795
Cintas Corp.		26,368		3,323,423
Clean Harbors Inc.a		15,819		883,175
CompX International Inc.		433		6,603
Copart Inc.a		61,423		1,952,637
Covanta Holding Corp.		34,823		459,664
Deluxe Corp.		14,752		1,021,133
Ennis Inc.		7,601		145,179
Essendant Inc.		11,727		173,911
Healthcare Services Group Inc.		21,525		1,008,016
Heritage-Crystal Clean Inc.a		2,209		35,123
Herman Miller Inc.		19,048		579,059
HNI Corp.		13,703		546,339
Hudson Technologies Inc.a		11,175		94,429
InnerWorkings Inc.a,b		12,766		148,086
Interface Inc.		20,415		401,155
KAR Auction Services Inc.		42,170		1,769,875
Kimball International Inc. Class B		9,471		158,071
Knoll Inc.		13,827		277,231
LSC Communications Inc.		11,654		249,396
Matthews International Corp. Class A		9,319		570,789
McGrath RentCorp		7,239		250,687
Mobile Mini Inc.		13,369		399,065
MSA Safety Inc.		10,349		840,028
Multi-Color Corp.		3,986		325,258
NL Industries Inc.a,b		1,940		13,677
Pitney Bowes Inc.		57,918		874,562
Quad/Graphics Inc.		10,156		232,775
Republic Services Inc.		70,568		4,497,299
Rollins Inc.		30,237		1,230,948
RR Donnelley & Sons Co.		21,345		267,666
SP Plus Corp.a		4,441		135,673
Steelcase Inc. Class A		24,311		340,354
Stericycle Inc.a		25,854		1,973,177

436

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Team Inc.a,b		7,927	$	185,888
Tetra Tech Inc.		18,264		835,578
U.S. Ecology Inc.		6,234		314,817
UniFirst Corp./MA		4,402		619,361
Viad Corp.		5,681		268,427
VSE Corp.		2,294		103,184
Waste Management Inc.		136,396		10,004,647
West Corp.		12,084		281,799
				40,823,200
COMMUNICATIONS EQUIPMENT — 1.11%
Acacia Communications Inc.a,b		5,632		233,559
ADTRAN Inc.		16,478		340,271
Aerohive Networks Inc.a,b		2,788		13,940
Applied Optoelectronics Inc.a,b		6,071		375,127
Arista Networks Inc.a,b		16,227		2,430,642
ARRIS International PLCa		55,294		1,549,338
Brocade Communications Systems Inc.		121,417		1,531,068
CalAmp Corp.a		9,794		199,112
Calix Inc.a		11,520		78,912
Ciena Corp.a,b		41,565		1,039,956
Cisco Systems Inc.		1,540,785		48,226,570
Clearfield Inc.a		3,282		43,322
CommScope Holding Co. Inc.a		58,538		2,226,200
Comtech Telecommunications Corp.		5,207		98,777
Digi International Inc.a		7,539		76,521
EchoStar Corp. Class Aa		14,420		875,294
EMCORE Corp.		8,184		87,160
Extreme Networks Inc.a		35,025		322,931
F5 Networks Inc.a		19,873		2,525,063
Finisar Corp.a,b		33,691		875,292
Harmonic Inc.a,b		29,208		153,342
Harris Corp.		37,387		4,078,174
Infinera Corp.a,b		44,322		472,916
InterDigital Inc./PA		10,450		807,785
Juniper Networks Inc.		115,462		3,219,081
KVH Industries Inc.a		4,222		40,109
Lumentum Holdings Inc.a		18,577		1,059,818
Motorola Solutions Inc.		50,176		4,352,266
NETGEAR Inc.a		10,424		449,274
NetScout Systems Inc.a,b		26,885		924,844
Oclaro Inc.a,b		50,475		471,436

Security	Shares		Value
Palo Alto Networks Inc.a		27,302	$	3,653,281
Plantronics Inc.		9,543		499,194
Quantenna Communications Inc.a,b		7,942		150,898
ShoreTel Inc.a		16,121		93,502
Sonus Networks Inc.a		15,852		117,939
Ubiquiti Networks Inc.a,b		6,949		361,140
ViaSat Inc.a,b		15,669		1,037,288
Viavi Solutions Inc.a		67,902		715,008
				85,806,350
CONSTRUCTION & ENGINEERING — 0.20%
AECOMa		46,816		1,513,561
Aegion Corp.a		11,455		250,635
Ameresco Inc. Class Aa		5,722		44,059
Argan Inc.		4,465		267,900
Chicago Bridge & Iron Co. NVb		31,270		616,957
Comfort Systems USA Inc.		10,680		396,228
Dycom Industries Inc.a,b		9,669		865,569
EMCOR Group Inc.		18,728		1,224,437
Fluor Corp.		42,320		1,937,410
Granite Construction Inc.		12,268		591,808
Great Lakes Dredge & Dock Corp.a,b		17,204		73,977
HC2 Holdings Inc.a		7,663		45,058
IES Holdings Inc.a,b		2,328		42,253
Jacobs Engineering Group Inc.		37,599		2,045,010
KBR Inc.		42,878		652,603
Layne Christensen Co.a		5,420		47,642
MasTec Inc.a		19,590		884,489
MYR Group Inc.a		4,198		130,222
Northwest Pipe Co.a		4,870		79,186
NV5 Global Inc.a,b		1,459		62,008
Orion Group Holdings Inc.a		7,604		56,802
Primoris Services Corp.		13,368		333,398
Quanta Services Inc.a		45,568		1,500,099
Sterling Construction Co. Inc.a		7,872		102,887
Tutor Perini Corp.a		11,419		328,296
Valmont Industries Inc.		6,914		1,034,334
				15,126,828
CONSTRUCTION MATERIALS — 0.16%
Eagle Materials Inc.		14,221		1,314,305
Forterra Inc.a,b		5,627		46,310
Martin Marietta Materials Inc.		19,261		4,287,114

437

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Summit Materials Inc. Class Aa,b		32,374	$	934,637
U.S. Concrete Inc.a,b		4,982		391,336
U.S. Lime & Minerals Inc.		387		30,368
Vulcan Materials Co.		40,321		5,107,864
				12,111,934
CONSUMER FINANCE — 0.74%
Ally Financial Inc.		141,298		2,953,128
American Express Co.		228,064		19,212,111
Capital One Financial Corp.		147,751		12,207,188
Credit Acceptance Corp.a,b		3,427		881,219
Discover Financial Services		116,329		7,234,501
Elevate Credit Inc.a		9,346		74,020
Encore Capital Group Inc.a		7,476		300,161
Enova International Inc.a		7,725		114,716
Ezcorp Inc. Class Aa		13,847		106,622
FirstCash Inc.		15,262		889,775
Green Dot Corp. Class Aa		13,857		533,910
LendingClub Corp.a		97,114		535,098
Navient Corp.		86,707		1,443,672
Nelnet Inc. Class A		6,777		318,587
OneMain Holdings Inc.a,b		15,160		372,785
PRA Group Inc.a		14,288		541,515
Regional Management Corp.a		3,191		75,403
Santander Consumer USA Holdings Inc.a,b		45,295		577,964
SLM Corp.a		129,638		1,490,837
Synchrony Financial		249,587		7,442,684
World Acceptance Corp.a		1,509		113,039
				57,418,935
CONTAINERS & PACKAGING — 0.48%
AptarGroup Inc.		19,069		1,656,333
Ardagh Group SA		5,674		128,289
Avery Dennison Corp.		27,341		2,416,124
Ball Corp.b		106,023		4,475,231
Bemis Co. Inc.		27,956		1,292,965
Berry Global Group Inc.a		39,389		2,245,567
Crown Holdings Inc.a		40,114		2,393,201
Graphic Packaging Holding Co.		93,314		1,285,867
Greif Inc. Class A NVS		7,409		413,274
Greif Inc. Class B		1,755		106,002
International Paper Co.		126,784		7,177,242
Myers Industries Inc.		7,657		137,443
Owens-Illinois Inc.a		50,956		1,218,868

Security	Shares		Value
Packaging Corp. of America		29,006	$	3,230,979
Sealed Air Corp.		59,438		2,660,445
Silgan Holdings Inc.		22,432		712,889
Sonoco Products Co.		30,785		1,582,965
UFP Technologies Inc.a		1,941		54,930
WestRock Co.		76,202		4,317,605
				37,506,219
DISTRIBUTORS — 0.12%
Core-Mark Holding Co. Inc.		13,180		435,731
Genuine Parts Co.		44,008		4,082,182
LKQ Corp.a		94,797		3,123,561
Pool Corp.		12,150		1,428,476
Weyco Group Inc.		1,922		53,585
				9,123,535
DIVERSIFIED CONSUMER SERVICES — 0.16%
Adtalem Global Education Inc.		20,027		760,025
American Public Education Inc.a		5,288		125,061
Ascent Capital Group Inc. Class Aa		4,128		63,406
Bridgepoint Education Inc.a		5,086		75,069
Bright Horizons Family Solutions Inc.a,b		15,499		1,196,678
Cambium Learning Group Inc.a		3,816		19,347
Capella Education Co.		3,184		272,550
Career Education Corp.a		19,283		185,117
Carriage Services Inc.		4,530		122,129
Chegg Inc.a,b		27,247		334,866
Collectors Universe Inc.		2,003		49,775
Graham Holdings Co. Class B		1,404		841,909
Grand Canyon Education Inc.a		14,192		1,112,795
H&R Block Inc.		63,231		1,954,470
Houghton Mifflin Harcourt Co.a		31,517		387,659
K12 Inc.a		10,266		183,967
Laureate Education Inc. Class Aa		10,687		187,343
Liberty Tax Inc.		1,277		16,537
Regis Corp.a		9,037		92,810
Service Corp. International/U.S.		56,661		1,895,310
ServiceMaster Global Holdings Inc.a		40,834		1,600,284
Sotheby’sa		11,611		623,162
Strayer Education Inc.		3,371		314,245
Weight Watchers International Inc.a,b		7,629		254,961
				12,669,475

438

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
DIVERSIFIED FINANCIAL SERVICES — 1.36%
Berkshire Hathaway Inc. Class Ba		591,360	$	100,158,643
FNFV Groupa		19,272		304,498
Leucadia National Corp.		99,857		2,612,259
Marlin Business Services Corp.		2,376		59,756
NewStar Financial Inc.		7,509		78,844
On Deck Capital Inc.a,b		17,907		83,447
Tiptree Inc.		12,912		91,030
Voya Financial Inc.		57,952		2,137,849
				105,526,326
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.85%
AT&T Inc.		1,891,179		71,354,184
ATN International Inc.		3,535		241,935
CenturyLink Inc.		166,774		3,982,563
Cincinnati Bell Inc.a		11,354		221,971
Cogent Communications Holdings Inc.		13,572		544,237
Consolidated Communications Holdings Inc.		14,351		308,116
Fairpoint Communications Inc.a		6,166		96,498
Frontier Communications Corp.b		352,376		408,756
General Communication Inc. Class Aa		8,797		322,322
Globalstar Inc.a,b		135,098		287,759
Hawaiian Telcom Holdco Inc.a		3,020		75,470
IDT Corp. Class B		4,341		62,380
Intelsat SAa,b		6,435		19,691
Iridium Communications Inc.a,b		27,329		301,985
Level 3 Communications Inc.a		90,910		5,390,963
Lumos Networks Corp.a		7,984		142,674
Ooma Inc.a		9,391		75,128
ORBCOMM Inc.a,b		22,315		252,160
pdvWireless Inc.a,b		3,577		83,344
Straight Path Communications Inc. Class Ba,b		2,617		470,144
Verizon Communications Inc.		1,255,420		56,067,057
Vonage Holdings Corp.a		57,814		378,104
Windstream Holdings Inc.		54,554		211,670
Zayo Group Holdings Inc.a		56,999		1,761,269
				143,060,380
ELECTRIC UTILITIES — 1.83%
ALLETE Inc.		15,356		1,100,718
Alliant Energy Corp.		70,595		2,835,801

Security	Shares		Value
American Electric Power Co. Inc.		151,271	$	10,508,796
Avangrid Inc.		16,776		740,661
Duke Energy Corp.		215,322		17,998,766
Edison International		97,628		7,633,533
El Paso Electric Co.		13,047		674,530
Entergy Corp.		55,513		4,261,733
Eversource Energy		97,272		5,905,383
Exelon Corp.		284,375		10,257,406
FirstEnergy Corp.		136,322		3,975,150
Genie Energy Ltd. Class B		3,611		27,516
Great Plains Energy Inc.		65,341		1,913,185
Hawaiian Electric Industries Inc.		34,197		1,107,299
IDACORP Inc.		15,378		1,312,512
MGE Energy Inc.		11,054		711,325
NextEra Energy Inc.		143,736		20,141,726
OGE Energy Corp.		62,346		2,169,017
Otter Tail Corp.		12,295		486,882
PG&E Corp.		157,107		10,427,192
Pinnacle West Capital Corp.		34,088		2,902,934
PNM Resources Inc.		23,753		908,552
Portland General Electric Co.		27,822		1,271,187
PPL Corp.		211,138		8,162,595
Southern Co. (The)		306,373		14,669,139
Spark Energy Inc. Class Ab		1,768		33,238
Westar Energy Inc.		44,171		2,341,947
Xcel Energy Inc.		155,493		7,134,019
				141,612,742
ELECTRICAL EQUIPMENT — 0.58%
Acuity Brands Inc.b		13,251		2,693,663
Allied Motion Technologies Inc.		1,835		49,949
AMETEK Inc.		69,656		4,219,064
Atkore International Group Inc.a		9,998		225,455
AZZ Inc.		7,823		436,523
Babcock & Wilcox Enterprises Inc.a		16,121		189,583
Eaton Corp. PLC		137,215		10,679,443
Emerson Electric Co.		197,913		11,799,573
Encore Wire Corp.		6,025		257,267
Energous Corp.a,b		4,428		71,999
EnerSys		13,519		979,452
Generac Holdings Inc.a,b		19,753		713,676
General Cable Corp.		14,239		232,808
Hubbell Inc.		17,181		1,944,374

439

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
LSI Industries Inc.		5,473	$	49,531
Plug Power Inc.a,b		48,194		98,316
Powell Industries Inc.		2,497		79,879
Preformed Line Products Co.		772		35,836
Regal Beloit Corp.		13,885		1,132,322
Revolution Lighting Technologies Inc.a		12,315		81,156
Rockwell Automation Inc.		39,413		6,383,329
Sensata Technologies Holding NVa		51,889		2,216,698
Sunrun Inc.a		30,163		214,761
Thermon Group Holdings Inc.a		10,310		197,643
TPI Composites Inc.a		1,838		33,966
Vicor Corp.a		5,498		98,414
Vivint Solar Inc.a,b		5,966		34,901
				45,149,581
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.74%
Akoustis Technologies Inc.a,b		8,793		76,851
Amphenol Corp. Class A		91,633		6,764,348
Anixter International Inc.a		8,906		696,449
Arrow Electronics Inc.a		27,118		2,126,594
Avnet Inc.		37,672		1,464,687
AVX Corp.		13,912		227,322
Badger Meter Inc.		8,402		334,820
Bel Fuse Inc. Class B		3,178		78,497
Belden Inc.		12,548		946,496
Benchmark Electronics Inc.a		14,096		455,301
CDW Corp./DE		47,028		2,940,661
Cognex Corp.		25,297		2,147,715
Coherent Inc.a		7,504		1,688,325
Control4 Corp.a		8,232		161,430
Corning Inc.		278,267		8,361,923
CTS Corp.		9,686		209,218
Daktronics Inc.		10,501		101,125
Dolby Laboratories Inc. Class A		16,050		785,808
Electro Scientific Industries Inc.a		8,273		68,170
ePlus Inc.a		4,426		327,967
Fabrineta,b		10,842		462,520
FARO Technologies Inc.a		4,986		188,471
Fitbit Inc. Class Aa,b		53,233		282,667
FLIR Systems Inc.		41,715		1,445,842
II-VI Inc.a		19,146		656,708

Security	Shares		Value
Insight Enterprises Inc.a		10,392	$	415,576
IPG Photonics Corp.a		11,048		1,603,065
Iteris Inc.a		12,847		79,908
Itron Inc.a		10,890		737,797
Jabil Inc.		54,580		1,593,190
Kemet Corp.a		13,925		178,240
Keysight Technologies Inc.a		56,617		2,204,100
Kimball Electronics Inc.a		7,128		128,660
Knowles Corp.a,b		28,927		489,445
Littelfuse Inc.		6,854		1,130,910
Maxwell Technologies Inc.a		9,460		56,665
Mesa Laboratories Inc.		824		118,087
Methode Electronics Inc.		10,852		447,102
Microvision Inc.a,b		41,427		87,825
MTS Systems Corp.		4,559		236,156
NAPCO Security Technologies Inc.a,b		8,513		80,022
National Instruments Corp.		32,416		1,303,771
Novanta Inc.a		10,729		386,244
OSI Systems Inc.a,b		5,641		423,921
Park Electrochemical Corp.		6,092		112,215
PC Connection Inc.		2,524		68,299
PCM Inc.a,b		4,402		82,537
Plexus Corp.a		9,975		524,386
RadiSys Corp.a,b		10,680		40,157
Rogers Corp.a		5,262		571,558
Sanmina Corp.a		21,648		824,789
ScanSource Inc.a		7,850		316,355
SYNNEX Corp.		9,017		1,081,679
Systemax Inc.		3,347		62,924
Tech Data Corp.a		10,841		1,094,941
Trimble Inc.a		77,696		2,771,416
TTM Technologies Inc.a,b		28,157		488,806
Universal Display Corp.b		12,615		1,378,189
VeriFone Systems Inc.a,b		32,901		595,508
Vishay Intertechnology Inc.		43,970		729,902
Vishay Precision Group Inc.a		3,419		59,149
Zebra Technologies Corp. Class Aa		16,045		1,612,843
				57,116,252
ENERGY EQUIPMENT & SERVICES — 0.85%
Archrock Inc.		19,981		227,783
Atwood Oceanics Inc.a,b		22,862		186,325

440

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Baker Hughes Inc.		130,561	$	7,116,880
Basic Energy Services Inc.a		5,295		131,846
Bristow Group Inc.		10,391		79,491
C&J Energy Services Inc.a		14,141		484,612
CARBO Ceramics Inc.a,b		5,613		38,449
Diamond Offshore Drilling Inc.a,b		19,555		211,781
Dril-Quip Inc.a,b		11,663		569,154
Ensco PLC Class A		89,471		461,670
Era Group Inc.a		6,159		58,264
Exterran Corp.a		9,963		266,012
Fairmount Santrol Holdings Inc.a,b		50,091		195,355
Forum Energy Technologies Inc.a,b		20,931		326,524
Frank’s International NVb		9,860		81,739
Geospace Technologies Corp.a,b		3,599		49,774
Gulf Island Fabrication Inc.		7,309		84,784
Halliburton Co.		266,508		11,382,557
Helix Energy Solutions Group Inc.a		41,815		235,837
Helmerich & Payne Inc.		32,522		1,767,246
Independence Contract Drilling Inc.a		13,240		51,504
Keane Group Inc.a,b		9,401		150,416
Key Energy Services Inc.a		4,387		84,406
Mammoth Energy Services Inc.a		4,814		89,540
Matrix Service Co.a		7,425		69,424
McDermott International Inc.a,b		88,935		637,664
Nabors Industries Ltd.		83,023		675,807
National Oilwell Varco Inc.		117,330		3,864,850
Natural Gas Services Group Inc.a		3,398		84,440
NCS Multistage Holdings Inc.a		3,512		88,432
Newpark Resources Inc.a		25,903		190,387
Noble Corp. PLCb		69,819		252,745
Oceaneering International Inc.		28,846		658,843
Oil States International Inc.a		15,445		419,332
Parker Drilling Co.a		34,435		46,487
Patterson-UTI Energy Inc.		63,856		1,289,253
PHI Inc. NVSa		3,939		38,445
Pioneer Energy Services Corp.a		17,565		36,008
ProPetro Holding Corp.a		7,695		107,422
RigNet Inc.a		3,486		55,950

Security	Shares		Value
Rowan Companies PLC Class Aa		39,647	$	405,985
RPC Inc.b		17,569		355,070
Schlumberger Ltd.		427,345		28,136,395
SEACOR Holdings Inc.a		4,405		151,092
SEACOR Marine Holdings Inc.a,b		4,428		90,154
Select Energy Services Inc. Class Aa		6,536		79,412
Smart Sand Inc.a		5,324		47,437
Solaris Oilfield Infrastructure Inc. Class Aa,b		7,108		81,955
Superior Energy Services Inc.a		45,429		473,825
Tesco Corp.a		11,492		51,139
TETRA Technologies Inc.a		34,348		95,831
Transocean Ltd.a		120,288		989,970
U.S. Silica Holdings Inc.		24,951		885,511
Unit Corp.a		16,646		311,780
Weatherford International PLCa,b		270,589		1,047,179
Willbros Group Inc.a		12,952		31,992
				66,082,165
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.93%
Acadia Realty Trust		24,161		671,676
Agree Realty Corp.		7,566		347,052
Alexander’s Inc.		711		299,658
Alexandria Real Estate Equities Inc.b		27,615		3,326,779
Altisource Residential Corp.		16,261		210,417
American Assets Trust Inc.		12,344		486,230
American Campus Communities Inc.		41,620		1,968,626
American Homes 4 Rent Class A		69,451		1,567,509
American Tower Corp.		129,999		17,201,468
Apartment Investment & Management Co. Class A		48,601		2,088,385
Apple Hospitality REIT Inc.		64,363		1,204,232
Armada Hoffler Properties Inc.b		12,234		158,430
Ashford Hospitality Prime Inc.		9,108		93,721
Ashford Hospitality Trust Inc.b		21,634		131,535
AvalonBay Communities Inc.		42,287		8,126,293

441

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Bluerock Residential Growth REIT Inc.		5,738	$	73,963
Boston Properties Inc.		47,161		5,801,746
Brandywine Realty Trust		51,977		911,157
Brixmor Property Group Inc.		85,487		1,528,508
Camden Property Trust		26,391		2,256,694
Care Capital Properties Inc.		26,698		712,837
CareTrust REIT Inc.		20,047		371,671
CatchMark Timber Trust Inc. Class A		10,869		123,581
CBL & Associates Properties Inc.b		52,951		446,377
Cedar Realty Trust Inc.		25,896		125,596
Chatham Lodging Trust		11,237		225,751
Chesapeake Lodging Trust		18,056		441,830
City Office REIT Inc.		8,084		102,667
Clipper Realty Inc.		1,748		21,570
Colony NorthStar Inc. Class Ab		166,441		2,345,154
Colony Starwood Homes		30,811		1,057,125
Columbia Property Trust Inc.		37,636		842,294
Community Healthcare Trust Inc.b		3,826		97,907
CoreCivic Inc.		35,552		980,524
CorEnergy Infrastructure Trust Inc.b		4,524		151,961
CoreSite Realty Corp.		10,636		1,101,145
Corporate Office Properties Trustb		29,632		1,038,009
Cousins Properties Inc.		127,443		1,120,224
Crown Castle International Corp.		112,251		11,245,305
CubeSmart		54,840		1,318,354
CyrusOne Inc.		26,563		1,480,887
DCT Industrial Trust Inc.		28,683		1,532,820
DDR Corp.		93,363		846,802
DiamondRock Hospitality Co.b		62,105		680,050
Digital Realty Trust Inc.		49,181		5,554,994
Douglas Emmett Inc.		45,205		1,727,283
Duke Realty Corp.		109,095		3,049,205
DuPont Fabros Technology Inc.b		24,185		1,479,155
Easterly Government Properties Inc.b		9,812		205,561

Security	Shares		Value
EastGroup Properties Inc.		10,210	$	855,598
Education Realty Trust Inc.		22,258		862,498
Empire State Realty Trust Inc. Class A		39,965		830,073
EPR Properties		18,979		1,364,021
Equinix Inc.		23,852		10,236,324
Equity Commonwealtha		37,647		1,189,645
Equity Lifestyle Properties Inc.		24,942		2,153,492
Equity Residential		109,921		7,236,099
Essex Property Trust Inc.		19,972		5,138,196
Extra Space Storage Inc.b		37,412		2,918,136
Farmland Partners Inc.		10,049		89,838
Federal Realty Investment Trust		21,829		2,758,967
FelCor Lodging Trust Inc.		42,749		308,220
First Industrial Realty Trust Inc.		34,764		994,946
First Potomac Realty Trust		16,933		188,126
Forest City Realty Trust Inc. Class A		70,020		1,692,383
Four Corners Property Trust Inc.		18,263		458,584
Franklin Street Properties Corp.b		32,848		363,956
Gaming and Leisure Properties Inc.		60,541		2,280,579
GEO Group Inc. (The)		37,336		1,104,026
Getty Realty Corp.		7,545		189,380
GGP Inc.b		189,066		4,454,395
Gladstone Commercial Corp.		7,422		161,725
Global Medical REIT Inc.b		4,530		40,498
Global Net Lease Inc.b		20,246		450,271
Government Properties Income Trustb		17,884		327,456
Gramercy Property Trust		46,244		1,373,909
HCP Inc.		143,452		4,584,726
Healthcare Realty Trust Inc.		34,328		1,172,301
Healthcare Trust of America Inc. Class A		60,194		1,872,635
Hersha Hospitality Trust		11,271		208,626
Highwoods Properties Inc.		30,167		1,529,769
Hospitality Properties Trust		45,146		1,316,006
Host Hotels & Resorts Inc.		225,001		4,110,768
Hudson Pacific Properties Inc.b		47,883		1,637,120
Independence Realty Trust Inc.		20,479		202,128
InfraREIT Inc.a,b		11,568		221,527
Investors Real Estate Trustb		36,482		226,553

442

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Invitation Homes Inc.b		27,031	$	584,681
Iron Mountain Inc.		80,193		2,755,432
iStar Inc.a,b		18,638		224,402
Jernigan Capital Inc.		3,194		70,268
Kilroy Realty Corp.		29,163		2,191,599
Kimco Realty Corp.		128,401		2,356,158
Kite Realty Group Trust		23,801		450,553
Lamar Advertising Co. Class A		24,957		1,836,087
LaSalle Hotel Properties		34,745		1,035,401
Lexington Realty Trust		68,171		675,575
Liberty Property Trust		44,905		1,828,083
Life Storage Inc.		13,589		1,006,945
LTC Properties Inc.		11,580		595,096
Macerich Co. (The)		41,953		2,435,791
Mack-Cali Realty Corp.b		28,232		766,216
MedEquities Realty Trust Inc.		6,850		86,447
Medical Properties Trust Inc.		110,979		1,428,300
Mid-America Apartment Communities Inc.		35,054		3,693,991
Monmouth Real Estate Investment Corp.		19,677		296,139
Monogram Residential Trust Inc.		54,368		527,913
National Health Investors Inc.b		12,242		969,566
National Retail Properties Inc.		45,566		1,781,631
National Storage Affiliates Trust		12,661		292,596
New Senior Investment Group Inc.b		25,431		255,582
NexPoint Residential Trust Inc.		5,158		128,383
NorthStar Realty Europe Corp.		17,791		225,590
Omega Healthcare Investors Inc.b		59,721		1,971,987
One Liberty Properties Inc.		3,314		77,647
Outfront Media Inc.		42,015		971,387
Paramount Group Inc.b		56,238		899,808
Park Hotels & Resorts Inc.		39,490		1,064,650
Parkway Inc.		12,912		295,556
Pebblebrook Hotel Trustb		21,016		677,556
Pennsylvania REITb		20,395		230,871
Physicians Realty Trust		46,795		942,451
Piedmont Office Realty Trust Inc. Class Ab		44,450		937,006
Potlatch Corp.		11,703		534,827

Security	Shares		Value
Preferred Apartment Communities Inc. Class A		7,313	$	115,180
Prologis Inc.		161,512		9,471,064
PS Business Parks Inc.		6,189		819,362
Public Storage		45,337		9,454,125
QTS Realty Trust Inc. Class A		13,914		728,120
Quality Care Properties Inc.a		28,563		522,989
RAIT Financial Trust		24,432		53,506
Ramco-Gershenson Properties Trust		22,257		287,115
Rayonier Inc.		38,972		1,121,224
Realty Income Corp.b		84,184		4,645,273
Regency Centers Corp.		45,834		2,871,042
Retail Opportunity Investments Corp.		34,016		652,767
Retail Properties of America Inc. Class A		72,799		888,876
Rexford Industrial Realty Inc.		19,574		537,111
RLJ Lodging Trust		38,260		760,226
Ryman Hospitality Properties Inc.b		12,713		813,759
Sabra Health Care REIT Inc.		19,578		471,830
Saul Centers Inc.		3,794		219,976
SBA Communications Corp.a		36,842		4,969,986
Select Income REIT		20,530		493,336
Senior Housing Properties Trust		71,933		1,470,311
Seritage Growth Properties Class Ab		6,963		292,098
Simon Property Group Inc.		95,463		15,442,095
SL Green Realty Corp.		30,345		3,210,501
Spirit Realty Capital Inc.b		148,174		1,097,969
STAG Industrial Inc.		27,892		769,819
STORE Capital Corp.b		52,721		1,183,586
Summit Hotel Properties Inc.		30,459		568,060
Sun Communities Inc.		21,976		1,927,075
Sunstone Hotel Investors Inc.		67,636		1,090,292
Tanger Factory Outlet Centers Inc.b		29,059		754,953
Taubman Centers Inc.b		18,091		1,077,319
Terreno Realty Corp.		15,384		517,825
Tier REIT Inc.		14,280		263,894
UDR Inc.		81,919		3,192,383
UMH Properties Inc.		6,310		107,586
Uniti Group Inc.a		50,732		1,275,403

443

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Universal Health Realty Income Trust		3,591	$	285,628
Urban Edge Properties		28,037		665,318
Urstadt Biddle Properties Inc. Class A		7,263		143,807
Ventas Inc.		108,850		7,562,898
VEREIT Inc.b		302,308		2,460,787
Vornado Realty Trust		52,570		4,936,323
Washington Prime Group Inc.		58,903		493,018
Washington REIT		24,368		777,339
Weingarten Realty Investors		37,814		1,138,201
Welltower Inc.		112,526		8,422,571
Weyerhaeuser Co.		229,230		7,679,205
Whitestone REITb		10,795		132,239
WP Carey Inc.		32,763		2,162,686
Xenia Hotels & Resorts Inc.		32,140		622,552
				304,706,997
FOOD & STAPLES RETAILING — 1.66%
Andersons Inc. (The)		7,972		272,244
Casey’s General Stores Inc.		11,695		1,252,651
Chefs’ Warehouse Inc. (The)a		6,486		84,318
Costco Wholesale Corp.		133,999		21,430,460
CVS Health Corp.		312,902		25,176,095
Ingles Markets Inc. Class A		5,007		166,733
Kroger Co. (The)		279,421		6,516,098
Natural Grocers by Vitamin Cottage Inc.a,b		2,152		17,797
Performance Food Group Co.a		21,667		593,676
PriceSmart Inc.		6,937		607,681
Rite Aid Corp.a,b		309,676		913,544
Smart & Final Stores Inc.a,b		7,978		72,600
SpartanNash Co.		10,565		274,267
Sprouts Farmers Market Inc.a		40,889		926,954
SUPERVALU Inc.a		75,196		247,395
Sysco Corp.		151,234		7,611,607
U.S. Foods Holding Corp.a		41,037		1,117,027
United Natural Foods Inc.a		15,670		575,089
Village Super Market Inc. Class A		1,445		37,454
Wal-Mart Stores Inc.		447,892		33,896,467
Walgreens Boots Alliance Inc.		287,605		22,522,348
Weis Markets Inc.		3,209		156,343
Whole Foods Market Inc.		96,795		4,076,037
				128,544,885

Security	Shares		Value
FOOD PRODUCTS — 1.41%
Alico Inc.		1,025	$	32,083
Amplify Snack Brands Inc.a,b		9,755		94,038
Archer-Daniels-Midland Co.		170,949		7,073,870
B&G Foods Inc.		19,728		702,317
Blue Buffalo Pet Products Inc.a,b		28,642		653,324
Bunge Ltd.		43,302		3,230,329
Cal-Maine Foods Inc.a,b		9,764		386,654
Calavo Growers Inc.		4,891		337,724
Campbell Soup Co.		54,869		2,861,418
Conagra Brands Inc.		124,382		4,447,900
Darling Ingredients Inc.a		48,756		767,419
Dean Foods Co.		28,786		489,362
Farmer Bros. Co.a,b		1,961		59,320
Flowers Foods Inc.		51,760		895,966
Fresh Del Monte Produce Inc.		10,510		535,064
Freshpet Inc.a		7,089		117,677
General Mills Inc.		177,010		9,806,354
Hain Celestial Group Inc. (The)a		31,362		1,217,473
Hershey Co. (The)		43,040		4,621,205
Hormel Foods Corp.		83,850		2,860,124
Hostess Brands Inc.a		24,391		392,695
Ingredion Inc.		21,924		2,613,560
J&J Snack Foods Corp.		4,807		634,860
JM Smucker Co. (The)		34,594		4,093,508
John B Sanfilippo & Son Inc.		2,271		143,323
Kellogg Co.		76,581		5,319,316
Kraft Heinz Co. (The)		184,628		15,811,542
Lamb Weston Holdings Inc.		44,519		1,960,617
Lancaster Colony Corp.		5,972		732,287
Landec Corp.a,b		7,467		110,885
Lifeway Foods Inc.a,b		1,247		11,647
Limoneira Co.		2,231		52,719
McCormick & Co. Inc./MD NVS		34,839		3,397,151
Mondelez International Inc. Class A		450,667		19,464,308
Omega Protein Corp.		5,446		97,483
Pilgrim’s Pride Corp.a		17,454		382,592
Pinnacle Foods Inc.		36,735		2,182,059
Post Holdings Inc.a		20,202		1,568,685
Sanderson Farms Inc.		6,459		746,983
Seaboard Corp.		73		291,635
Seneca Foods Corp. Class Aa		2,509		77,904

444

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Snyder’s-Lance Inc.		26,280	$	909,814
Tootsie Roll Industries Inc.b		6,293		219,311
TreeHouse Foods Inc.a,b		16,716		1,365,530
Tyson Foods Inc. Class A		85,521		5,356,180
				109,126,215
GAS UTILITIES — 0.18%
Atmos Energy Corp.		31,797		2,637,561
Chesapeake Utilities Corp.		5,310		397,984
Delta Natural Gas Co. Inc.		2,056		62,646
National Fuel Gas Co.		24,651		1,376,512
New Jersey Resources Corp.		26,280		1,043,316
Northwest Natural Gas Co.		8,954		535,897
ONE Gas Inc.		16,176		1,129,247
RGC Resources Inc.b		2,908		82,384
South Jersey Industries Inc.		24,361		832,415
Southwest Gas Holdings Inc.		14,409		1,052,722
Spire Inc.		14,801		1,032,370
UGI Corp.		52,413		2,537,313
WGL Holdings Inc.		15,797		1,317,944
				14,038,311
HEALTH CARE EQUIPMENT & SUPPLIES — 2.87%
Abaxis Inc.b		6,285		333,231
Abbott Laboratories		519,770		25,266,020
ABIOMED Inc.a		12,140		1,739,662
Accuray Inc.a,b		20,600		97,850
Alere Inc.a,b		26,521		1,331,089
Align Technology Inc.a		24,372		3,658,725
Analogic Corp.		3,459		251,296
AngioDynamics Inc.a		11,931		193,402
Anika Therapeutics Inc.a,b		4,747		234,217
Antares Pharma Inc.a		43,778		140,965
AtriCure Inc.a		8,218		199,286
Atrion Corp.		398		256,033
AxoGen Inc.a,b		7,256		121,538
Baxter International Inc.		153,743		9,307,601
Becton Dickinson and Co.		68,660		13,396,253
Boston Scientific Corp.a		420,252		11,649,385
Cantel Medical Corp.		10,624		827,716
Cardiovascular Systems Inc.a,b		8,853		285,332
Cerus Corp.a		29,185		73,254
ConforMIS Inc.a		14,333		61,489
CONMED Corp.		8,217		418,574
Cooper Companies Inc. (The)		14,964		3,582,681

Security	Shares		Value
Corindus Vascular Robotics Inc.a,b		6,533	$	12,151
CR Bard Inc.		22,268		7,039,137
CryoLife Inc.a		9,528		190,084
Cutera Inc.a		4,752		123,077
Danaher Corp.		188,293		15,890,046
DENTSPLY SIRONA Inc.		69,163		4,484,529
DexCom Inc.a,b		26,223		1,918,212
Edwards Lifesciences Corp.a		64,153		7,585,451
Endologix Inc.a,b		25,323		123,070
Entellus Medical Inc.a		1,515		25,088
Exactech Inc.a		2,346		69,911
Fonar Corp.a		2,788		77,367
GenMark Diagnostics Inc.a		13,568		160,509
Glaukos Corp.a,b		8,727		361,909
Globus Medical Inc. Class Aa,b		21,555		714,548
Haemonetics Corp.a		15,454		610,278
Halyard Health Inc.a		14,143		555,537
Hill-Rom Holdings Inc.		20,600		1,639,966
Hologic Inc.a		85,849		3,895,828
ICU Medical Inc.a		4,342		748,995
IDEXX Laboratories Inc.a		26,764		4,320,245
Inogen Inc.a		5,450		520,039
Insulet Corp.a,b		17,613		903,723
Integer Holdings Corp.a		9,549		412,994
Integra LifeSciences Holdings Corp.a,b		18,771		1,023,207
Intuitive Surgical Inc.a		11,215		10,490,175
Invacare Corp.		9,284		122,549
iRhythm Technologies Inc.a		4,821		204,844
K2M Group Holdings Inc.a		12,383		301,650
Lantheus Holdings Inc.a,b		7,939		140,123
LeMaitre Vascular Inc.		3,437		107,303
LivaNova PLCa,b		14,793		905,480
Masimo Corp.a		13,292		1,211,965
Medtronic PLC		421,220		37,383,275
Meridian Bioscience Inc.		11,818		186,133
Merit Medical Systems Inc.a		14,744		562,484
Natus Medical Inc.a		10,359		386,391
Neogen Corp.a		11,382		786,610
Nevro Corp.a,b		8,443		628,412
Novocure Ltd.a,b		19,020		329,046
NuVasive Inc.a		15,456		1,188,876
NxStage Medical Inc.a		20,585		516,066

445

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Obalon Therapeutics Inc.a,b		1,451	$	14,379
OraSure Technologies Inc.a		15,452		266,702
Orthofix International NVa		5,391		250,574
Oxford Immunotec Global PLCa		8,678		145,964
Penumbra Inc.a,b		9,313		817,216
Pulse Biosciences Inc.a,b		2,778		95,924
Quidel Corp.a		8,336		226,239
Quotient Ltd.a		10,686		78,649
ResMed Inc.		43,195		3,363,595
Rockwell Medical Inc.a,b		15,780		125,135
RTI Surgical Inc.a		16,491		96,472
Sientra Inc.a		8,331		80,977
Spectranetics Corp. (The)a,b		12,914		495,898
STAAR Surgical Co.a,b		10,544		113,875
STERIS PLC		25,663		2,091,534
Stryker Corp.		104,424		14,491,963
Surmodics Inc.a		4,467		125,746
Tactile Systems Technology Inc.a,b		1,234		35,268
Teleflex Inc.		13,922		2,892,435
Utah Medical Products Inc.		980		70,952
Varex Imaging Corp.a		11,525		389,545
Varian Medical Systems Inc.a,b		28,206		2,910,577
ViewRay Inc.a,b		13,831		89,487
Viveve Medical Inc.a		9,912		71,168
West Pharmaceutical Services Inc.		22,117		2,090,499
Wright Medical Group NVa,b		30,475		837,758
Zimmer Biomet Holdings Inc.		61,970		7,956,948
				222,508,361
HEALTH CARE PROVIDERS & SERVICES — 2.60%
AAC Holdings Inc.a,b		1,671		11,580
Acadia Healthcare Co. Inc.a,b		24,079		1,189,021
Aceto Corp.		7,844		121,190
Addus HomeCare Corp.a		1,487		55,316
Aetna Inc.		99,563		15,116,650
Almost Family Inc.a		3,340		205,911
Amedisys Inc.a		8,595		539,852
American Renal Associates Holdings Inc.a,b		2,572		47,711
AmerisourceBergen Corp.		48,762		4,609,472
AMN Healthcare Services Inc.a		15,221		594,380
Anthem Inc.		81,222		15,280,295

Security	Shares		Value
BioScrip Inc.a,b		15,132	$	41,083
BioTelemetry Inc.a		7,603		254,320
Brookdale Senior Living Inc.a		57,601		847,311
Capital Senior Living Corp.a,b		8,262		125,665
Cardinal Health Inc.		97,062		7,563,071
Centene Corp.a		51,733		4,132,432
Chemed Corp.		4,926		1,007,515
Cigna Corp.		76,149		12,746,581
Civitas Solutions Inc.a,b		3,343		58,503
Community Health Systems Inc.a,b		34,811		346,718
CorVel Corp.a		3,499		166,028
Cross Country Healthcare Inc.a		14,026		181,076
DaVita Inc.a		48,250		3,124,670
Diplomat Pharmacy Inc.a		14,741		218,167
Ensign Group Inc. (The)		13,741		299,142
Envision Healthcare Corp.a		35,791		2,243,022
Express Scripts Holding Co.a		184,846		11,800,569
Genesis Healthcare Inc.a		16,459		28,639
HCA Healthcare Inc.a		90,855		7,922,556
HealthEquity Inc.a		15,186		756,718
HealthSouth Corp.		26,655		1,290,102
Henry Schein Inc.a		24,259		4,439,882
Humana Inc.		44,271		10,652,488
Kindred Healthcare Inc.		24,531		285,786
Laboratory Corp. of America Holdingsa		31,412		4,841,846
Landauer Inc.		2,820		147,486
LHC Group Inc.a		4,426		300,481
LifePoint Health Inc.a		12,110		813,186
Magellan Health Inc.a		6,874		501,115
McKesson Corp.		65,299		10,744,297
MEDNAX Inc.a		28,374		1,712,938
Molina Healthcare Inc.a,b		12,892		891,869
National Healthcare Corp.		3,094		217,013
National Research Corp. Class A		2,218		59,664
Owens & Minor Inc.		18,358		590,944
Patterson Companies Inc.		25,055		1,176,332
PharMerica Corp.a		8,604		225,855
Premier Inc.a		15,924		573,264
Providence Service Corp. (The)a		3,566		180,475
Quest Diagnostics Inc.		41,978		4,666,274

446

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
R1 RCM Inc.a		30,557	$	114,589
RadNet Inc.a		9,449		73,230
Select Medical Holdings Corp.a		35,405		543,467
Surgery Partners Inc.a		4,611		104,900
Teladoc Inc.a,b		16,395		568,906
Tenet Healthcare Corp.a,b		24,245		468,898
Tivity Health Inc.a		11,647		464,133
Triple-S Management Corp. Class Ba		7,112		120,264
U.S. Physical Therapy Inc.		3,423		206,749
UnitedHealth Group Inc.		294,683		54,640,122
Universal Health Services Inc. Class B		26,459		3,230,115
VCA Inc.a		24,318		2,244,795
WellCare Health Plans Inc.a		13,808		2,479,364
				201,205,993
HEALTH CARE TECHNOLOGY — 0.19%
Allscripts Healthcare Solutions Inc.a		55,196		704,301
athenahealth Inc.a,b		12,120		1,703,466
Castlight Health Inc.a		12,432		51,593
Cerner Corp.a		88,327		5,871,096
Computer Programs & Systems Inc.b		3,200		104,960
Cotiviti Holdings Inc.a,b		8,108		301,131
Evolent Health Inc.a,b		11,756		298,015
HealthStream Inc.a,b		8,116		213,613
HMS Holdings Corp.a		24,810		458,985
Inovalon Holdings Inc. Class Aa,b		17,397		228,771
Medidata Solutions Inc.a,b		17,482		1,367,092
NantHealth Inc.a,b		2,003		8,473
Omnicell Inc.a,b		10,755		463,540
Quality Systems Inc.a		15,478		266,376
Simulations Plus Inc.		6,433		79,448
Tabula Rasa HealthCare Inc.a		1,504		22,635
Veeva Systems Inc. Class Aa		32,856		2,014,401
Vocera Communications Inc.a		9,194		242,905
				14,400,801
HOTELS, RESTAURANTS & LEISURE — 2.18%
Aramark		75,039		3,075,098
Belmond Ltd. Class Aa		28,290		376,257
Biglari Holdings Inc.a		280		111,927

Security	Shares		Value
BJ’s Restaurants Inc.a		7,106	$	264,699
Bloomin’ Brands Inc.		31,544		669,679
Bob Evans Farms Inc./DE		6,638		476,808
Bojangles’ Inc.a,b		3,204		52,065
Boyd Gaming Corp.		26,709		662,650
Brinker International Inc.		15,056		573,634
Buffalo Wild Wings Inc.a		5,193		657,953
Caesars Acquisition Co. Class Aa,b		13,156		250,622
Caesars Entertainment Corp.a,b		14,961		179,532
Carnival Corp.		125,728		8,243,985
Carrols Restaurant Group Inc.a		12,977		158,968
Century Casinos Inc.a		6,395		47,131
Cheesecake Factory Inc. (The)		13,648		686,494
Chipotle Mexican Grill Inc.a,b		7,757		3,227,688
Choice Hotels International Inc.		9,958		639,802
Churchill Downs Inc.		4,309		789,840
Chuy’s Holdings Inc.a,b		4,602		107,687
ClubCorp Holdings Inc.		18,707		245,062
Cracker Barrel Old Country Store Inc.b		6,010		1,005,172
Darden Restaurants Inc.		38,214		3,456,074
Dave & Buster’s Entertainment Inc.a		12,824		852,924
Del Frisco’s Restaurant Group Inc.a		6,689		107,693
Del Taco Restaurants Inc.a,b		6,886		94,683
Denny’s Corp.a,b		20,483		241,085
DineEquity Inc.		5,329		234,742
Domino’s Pizza Inc.		14,709		3,111,395
Drive Shack Inc.		18,884		59,485
Dunkin’ Brands Group Inc.		28,245		1,556,864
El Pollo Loco Holdings Inc.a		8,615		119,318
Eldorado Resorts Inc.a		15,497		309,940
Empire Resorts Inc.a,b		860		20,554
Extended Stay America Inc.		50,706		981,668
Fiesta Restaurant Group Inc.a		8,436		174,203
Fogo De Chao Inc.a,b		1,445		20,086
Golden Entertainment Inc.a		3,100		64,201
Habit Restaurants Inc. (The)a,b		3,878		61,272
Hilton Grand Vacations Inc.a		18,153		654,597
Hilton Worldwide Holdings Inc.		59,127		3,657,005
Hyatt Hotels Corp. Class Aa		9,935		558,446
ILG Inc.		32,419		891,198

447

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Inspired Entertainment Inc.a		6,565	$	85,345
International Game Technology PLC		34,081		623,682
International Speedway Corp. Class A		7,141		268,145
Intrawest Resorts Holdings Inc.a		3,911		92,847
J Alexander’s Holdings Inc.a,b		4,462		54,660
Jack in the Box Inc.		9,667		952,199
La Quinta Holdings Inc.a		26,883		397,062
Las Vegas Sands Corp.		110,839		7,081,504
Lindblad Expeditions Holdings Inc.a		4,400		46,200
Marcus Corp. (The)		5,675		171,385
Marriott International Inc./MD Class A		97,112		9,741,305
Marriott Vacations Worldwide Corp.		6,566		773,147
McDonald’s Corp.		250,828		38,416,816
MGM Resorts International		155,573		4,867,879
Monarch Casino & Resort Inc.a		2,436		73,689
Nathan’s Famous Inc.a		926		58,338
Noodles & Co.a,b		3,611		14,083
Norwegian Cruise Line Holdings Ltd.a		49,445		2,684,369
Panera Bread Co. Class Aa		6,495		2,043,587
Papa John’s International Inc.		8,216		589,580
Penn National Gaming Inc.a,b		19,968		427,315
Pinnacle Entertainment Inc.a		15,752		311,260
Planet Fitness Inc. Class Ab		25,683		599,441
Potbelly Corp.a,b		8,399		96,589
RCI Hospitality Holdings Inc.		3,408		81,247
Red Lion Hotels Corp.a,b		4,256		31,282
Red Robin Gourmet Burgers Inc.a		4,249		277,247
Red Rock Resorts Inc. Class A		20,708		487,673
Royal Caribbean Cruises Ltd.		52,689		5,755,219
Ruby Tuesday Inc.a		18,327		36,837
Ruth’s Hospitality Group Inc.		9,879		214,868
Scientific Games Corp. Class Aa		15,672		409,039
SeaWorld Entertainment Inc.		19,512		317,460
Shake Shack Inc. Class Aa		6,687		233,243
Six Flags Entertainment Corp.		22,404		1,335,502
Sonic Corp.		14,267		377,933
Speedway Motorsports Inc.		3,310		60,474

Security	Shares		Value
Starbucks Corp.		433,613	$	25,283,974
Texas Roadhouse Inc.		20,457		1,042,284
Vail Resorts Inc.		12,156		2,465,601
Wendy’s Co. (The)		56,538		876,904
Wingstop Inc.b		8,853		273,558
Wyndham Worldwide Corp.		31,502		3,163,116
Wynn Resorts Ltd.		24,425		3,275,881
Yum China Holdings Inc.a		113,215		4,464,067
Yum! Brands Inc.		106,806		7,878,011
Zoe’s Kitchen Inc.a,b		5,422		64,576
				168,606,609
HOUSEHOLD DURABLES — 0.59%
AV Homes Inc.a,b		2,827		56,681
Bassett Furniture Industries Inc.		2,888		109,600
Beazer Homes USA Inc.a		11,547		158,425
CalAtlantic Group Inc.		22,403		791,946
Cavco Industries Inc.a		2,847		369,113
Century Communities Inc.a		4,649		115,295
CSS Industries Inc.		2,904		75,969
DR Horton Inc.		105,037		3,631,129
Ethan Allen Interiors Inc.		7,117		229,879
Flexsteel Industries Inc.		2,505		135,546
Garmin Ltd.		37,022		1,889,233
GoPro Inc. Class Aa,b		32,703		265,875
Green Brick Partners Inc.a,b		4,181		47,872
Helen of Troy Ltd.a		8,739		822,340
Hooker Furniture Corp.		2,956		121,639
Hovnanian Enterprises Inc. Class Aa		29,418		82,370
Installed Building Products Inc.a		7,108		376,369
iRobot Corp.a,b		8,512		716,200
KB Homeb		27,181		651,529
La-Z-Boy Inc.		14,952		485,940
Leggett & Platt Inc.		40,556		2,130,407
Lennar Corp. Class A		61,149		3,260,465
Lennar Corp. Class B		2,614		117,552
LGI Homes Inc.a,b		4,626		185,873
Libbey Inc.		5,755		46,385
Lifetime Brands Inc.		2,481		45,030
M/I Homes Inc.a		6,169		176,125
MDC Holdings Inc.		13,807		487,801
Meritage Homes Corp.a		12,032		507,750
Mohawk Industries Inc.a		19,016		4,595,977

448

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
NACCO Industries Inc. Class A		1,471	$	104,220
New Home Co. Inc. (The)a		2,396		27,482
Newell Brands Inc.		147,358		7,901,336
NVR Inc.a		1,016		2,449,180
PICO Holdings Inc.a		6,555		114,712
PulteGroup Inc.		89,352		2,191,805
Taylor Morrison Home Corp. Class Aa		18,635		447,426
Tempur Sealy International Inc.a		14,212		758,779
Toll Brothers Inc.		46,496		1,837,057
TopBuild Corp.a		11,220		595,445
TRI Pointe Group Inc.a		46,854		618,004
Tupperware Brands Corp.		15,682		1,101,347
UCP Inc. Class Aa		2,397		26,247
Universal Electronics Inc.a		4,254		284,380
Whirlpool Corp.		22,209		4,255,689
William Lyon Homes Class Aa		7,041		169,970
ZAGG Inc.a,b		8,580		74,217
				45,643,611
HOUSEHOLD PRODUCTS — 1.49%
Central Garden & Pet Co.a		3,051		96,991
Central Garden & Pet Co. Class Aa		11,018		330,760
Church & Dwight Co. Inc.		76,412		3,964,255
Clorox Co. (The)		39,659		5,284,165
Colgate-Palmolive Co.		264,528		19,609,461
Energizer Holdings Inc.		19,444		933,701
HRG Group Inc.a		35,098		621,586
Kimberly-Clark Corp.		108,784		14,045,102
Oil-Dri Corp. of America		1,335		56,083
Orchids Paper Products Co.b		1,778		23,025
Procter & Gamble Co. (The)		787,037		68,590,275
Spectrum Brands Holdings Inc.		7,604		950,804
WD-40 Co.		4,561		503,306
				115,009,514
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.12%
AES Corp./VA		205,676		2,285,060
Atlantic Power Corp.a		33,000		79,200
Calpine Corp.a		107,751		1,457,871
Dynegy Inc.a,b		37,740		312,110
NRG Energy Inc.		91,113		1,568,966
NRG Yield Inc. Class A		9,710		165,653

Security	Shares		Value
NRG Yield Inc. Class C		18,218	$	320,637
Ormat Technologies Inc.		11,559		678,282
Pattern Energy Group Inc.		20,476		488,148
TerraForm Global Inc. Class Aa		33,808		170,730
TerraForm Power Inc.a,b		26,578		318,936
Vistra Energy Corp.		74,005		1,242,544
				9,088,137
INDUSTRIAL CONGLOMERATES — 1.94%
3M Co.		178,232		37,106,120
Carlisle Companies Inc.		19,753		1,884,436
General Electric Co.		2,671,944		72,169,208
Honeywell International Inc.		234,000		31,189,860
Raven Industries Inc.		10,529		350,616
Roper Technologies Inc.		30,989		7,174,883
				149,875,123
INSURANCE — 2.95%
Aflac Inc.		119,275		9,265,282
Alleghany Corp.a		4,391		2,611,767
Allied World Assurance Co. Holdings AG		26,624		1,408,410
Allstate Corp. (The)		111,854		9,892,368
Ambac Financial Group Inc.a,b		10,524		182,591
American Equity Investment Life Holding Co.		22,360		587,621
American Financial Group Inc./OH		21,578		2,144,206
American International Group Inc.		283,506		17,724,795
American National Insurance Co.		2,090		243,464
AMERISAFE Inc.		5,221		297,336
AmTrust Financial Services Inc.		27,529		416,789
Aon PLC		79,961		10,630,815
Arch Capital Group Ltd.a		35,401		3,302,559
Argo Group International Holdings Ltd.		8,380		507,828
Arthur J Gallagher & Co.		54,764		3,135,239
Aspen Insurance Holdings Ltd.		18,270		910,760
Assurant Inc.		16,576		1,718,765
Assured Guaranty Ltd.		37,744		1,575,435
Athene Holding Ltd. Class Aa		13,309		660,260
Atlas Financial Holdings Inc.a		3,310		49,319
Axis Capital Holdings Ltd.		25,966		1,678,962

449

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Baldwin & Lyons Inc. Class B		2,527	$	61,912
Blue Capital Reinsurance Holdings Ltd.		1,805		33,032
Brown & Brown Inc.		35,764		1,540,355
Chubb Ltd.		142,826		20,764,044
Cincinnati Financial Corp.		47,366		3,431,667
Citizens Inc./TXa,b		11,074		81,726
CNA Financial Corp.		7,648		372,840
CNO Financial Group Inc.		49,257		1,028,486
Crawford & Co. Class B		6,181		57,483
Donegal Group Inc. Class A		2,177		34,614
eHealth Inc.a		6,063		113,984
EMC Insurance Group Inc.		1,909		53,032
Employers Holdings Inc.		9,685		409,676
Enstar Group Ltd.a		3,354		666,272
Erie Indemnity Co. Class A		7,419		927,894
Everest Re Group Ltd.		12,455		3,170,918
FBL Financial Group Inc. Class A		2,862		176,013
Federated National Holding Co.		3,259		52,144
Fidelity & Guaranty Life		3,893		120,878
First American Financial Corp.		32,346		1,445,543
FNF Group		81,227		3,641,406
Genworth Financial Inc. Class Aa		131,394		495,355
Global Indemnity Ltd.a		2,999		116,271
Greenlight Capital Re Ltd. Class Aa		8,192		171,213
Hallmark Financial Services Inc.a		4,172		47,018
Hanover Insurance Group Inc. (The)		12,943		1,147,138
Hartford Financial Services Group Inc. (The)		112,095		5,892,834
HCI Group Inc.		3,303		155,175
Health Insurance Innovations Inc.a		3,410		80,135
Heritage Insurance Holdings Inc.		6,824		88,848
Horace Mann Educators Corp.		11,732		443,470
Independence Holding Co.		2,252		46,053
Infinity Property & Casualty Corp.		3,583		336,802

Security	Shares		Value
Investors Title Co.		389	$	75,248
James River Group Holdings Ltd.		5,553		220,621
Kemper Corp.		12,269		473,583
Kingstone Companies Inc.		4,967		75,995
Kinsale Capital Group Inc.		4,408		164,462
Lincoln National Corp.		68,651		4,639,435
Loews Corp.		85,524		4,003,378
Maiden Holdings Ltd.		20,324		225,596
Markel Corp.a		4,182		4,081,047
Marsh & McLennan Companies Inc.		157,938		12,312,846
MBIA Inc.a,b		42,238		398,304
Mercury General Corp.		8,277		446,958
MetLife Inc.		281,326		15,456,050
National General Holdings Corp.		14,448		304,853
National Western Life Group Inc.b		719		229,807
Navigators Group Inc. (The)		5,887		323,196
NI Holdings Inc.a,b		4,314		77,134
Old Republic International Corp.		72,969		1,425,085
OneBeacon Insurance Group Ltd. Class A		6,537		119,170
Primerica Inc.		12,310		932,483
Principal Financial Group Inc.		82,037		5,256,111
ProAssurance Corp.		15,906		967,085
Progressive Corp. (The)		177,658		7,832,941
Prudential Financial Inc.		131,768		14,249,392
Reinsurance Group of America Inc.		19,495		2,502,963
RenaissanceRe Holdings Ltd.		12,240		1,701,972
RLI Corp.		11,438		624,744
Safety Insurance Group Inc.		4,385		299,496
Selective Insurance Group Inc.		17,269		864,313
State Auto Financial Corp.		4,378		112,646
State National Companies Inc.		7,493		137,721
Stewart Information Services Corp.		7,195		326,509
Third Point Reinsurance Ltd.a		23,172		322,091
Torchmark Corp.		35,386		2,707,029
Travelers Companies Inc. (The)		85,767		10,852,099
Trupanion Inc.a,b		6,840		153,079
United Fire Group Inc.		5,175		228,011

450

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
United Insurance Holdings Corp.		4,413	$	69,416
Universal Insurance Holdings Inc.		10,461		263,617
Unum Group		70,039		3,265,919
Validus Holdings Ltd.		24,142		1,254,660
White Mountains Insurance Group Ltd.b		1,287		1,117,927
Willis Towers Watson PLC		38,833		5,648,648
WMIH Corp.a,b		60,879		76,099
WR Berkley Corp.		28,944		2,002,056
XL Group Ltd.		78,249		3,427,306
				228,397,903
INTERNET & DIRECT MARKETING RETAIL — 2.34%
1-800-Flowers.com Inc. Class Aa		7,379		71,945
Amazon.com Inc.a		122,137		118,228,616
Duluth Holdings Inc.a,b		2,236		40,718
Etsy Inc.a,b		36,244		543,660
Expedia Inc.		37,292		5,554,643
FTD Companies Inc.a		5,222		104,440
Gaia Inc.a		4,061		45,483
Groupon Inc.a,b		110,537		424,462
HSN Inc.		9,711		309,781
Lands’ End Inc.a,b		4,318		64,338
Liberty Expedia Holdings Inc. Class Aa		16,045		866,751
Liberty Interactive Corp. QVC Group Series Aa		127,589		3,131,034
Liberty TripAdvisor Holdings Inc. Class Aa		21,110		244,876
Liberty Ventures Series Aa		24,018		1,255,901
Netflix Inc.a		125,991		18,824,315
NutriSystem Inc.		8,300		432,015
Overstock.com Inc.a,b		3,260		53,138
PetMed Express Inc.		5,665		229,999
Priceline Group Inc. (The)a,b		15,082		28,211,183
Shutterfly Inc.a		10,884		516,990
TripAdvisor Inc.a		34,558		1,320,116
Wayfair Inc. Class Aa,b		11,762		904,263
				181,378,667
INTERNET SOFTWARE & SERVICES — 4.20%
2U Inc.a,b		13,343		626,054

Security	Shares		Value
Actua Corp.a		10,878	$	152,836
Akamai Technologies Inc.a,b		52,479		2,613,979
Alarm.com Holdings Inc.a,b		6,191		232,967
Alphabet Inc. Class Aa		91,495		85,061,072
Alphabet Inc. Class Ca		92,942		84,459,184
Alteryx Inc. Class Aa		4,021		78,490
Amber Road Inc.a		2,537		21,742
Angie’s List Inc.a,b		12,086		154,580
Appfolio Inc.a		1,667		54,344
Apptio Inc. Class Aa		6,539		113,452
Bankrate Inc.a		12,685		163,002
Bazaarvoice Inc.a		32,410		160,429
Benefitfocus Inc.a,b		5,293		192,401
Blucora Inc.a		11,626		246,471
Box Inc. Class Aa		23,935		436,574
Brightcove Inc.a,b		8,168		50,642
Carbonite Inc.a		7,140		155,652
Care.com Inc.a,b		3,434		51,853
Cars.com Inc.a		21,900		583,197
ChannelAdvisor Corp.a		5,819		67,209
Cimpress NVa,b		7,520		710,866
Cloudera Inc.a,b		4,552		72,923
CommerceHub Inc. Series Aa		4,060		70,725
CommerceHub Inc. Series Ca		8,120		141,613
Cornerstone OnDemand Inc.a		15,245		545,009
CoStar Group Inc.a,b		9,751		2,570,364
Coupa Software Inc.a		9,083		263,225
DHI Group Inc.a		13,071		37,252
eBay Inc.a		311,098		10,863,542
Endurance International Group Holdings Inc.a,b		16,716		139,579
Envestnet Inc.a		13,277		525,769
Facebook Inc. Class Aa		717,461		108,322,262
Five9 Inc.a		15,884		341,824
Global Sources Ltd.a		2,430		48,600
GoDaddy Inc. Class Aa,b		24,002		1,018,165
Gogo Inc.a,b		15,978		184,226
GrubHub Inc.a,b		26,183		1,141,579
GTT Communications Inc.a		9,557		302,479
Hortonworks Inc.a		11,518		148,352
IAC/InterActiveCorpa		21,464		2,215,943
Instructure Inc.a,b		7,633		225,173
Internap Corp.a,b		24,342		89,335
j2 Global Inc.		14,358		1,221,722

451

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Leaf Group Ltd.a		9,806	$	76,487
Limelight Networks Inc.a		18,223		52,664
Liquidity Services Inc.a		6,710		42,609
LivePerson Inc.a		15,909		174,999
LogMeIn Inc.		16,005		1,672,522
Match Group Inc.a,b		10,435		181,360
Meet Group Inc. (The)a,b		12,416		62,701
MINDBODY Inc. Class Aa,b		11,227		305,374
MuleSoft Inc. Class Aa,b		4,602		114,774
New Relic Inc.a		8,932		384,165
NIC Inc.		18,581		352,110
Nutanix Inc. Class Aa,b		10,606		213,711
Okta Inc.a		3,386		77,201
Ominto Inc.a,b		9,957		151,844
Pandora Media Inc.a,b		69,151		616,827
Q2 Holdings Inc.a		8,419		311,082
QuinStreet Inc.a		9,487		39,561
Quotient Technology Inc.a,b		23,755		273,182
Reis Inc.		2,353		50,001
Rightside Group Ltd.a,b		3,459		36,735
Rocket Fuel Inc.a,b		28,480		78,320
Shutterstock Inc.a,b		5,574		245,702
SPS Commerce Inc.a		5,341		340,542
Stamps.com Inc.a,b		5,008		775,614
TechTarget Inc.a		4,715		48,895
Trade Desk Inc. (The) Class Aa,b		5,282		264,681
TrueCar Inc.a,b		19,237		383,393
Tucows Inc. Class Aa,b		2,744		146,804
Twilio Inc. Class Aa,b		18,948		551,576
Twitter Inc.a		205,220		3,667,281
VeriSign Inc.a,b		27,305		2,538,273
Veritone Inc.a		5,659		66,267
Web.com Group Inc.a		11,740		297,022
WebMD Health Corp.a,b		11,084		650,077
Xactly Corp.a		8,448		132,211
XO Group Inc.a		7,638		134,582
Yelp Inc.a,b		24,091		723,212
Yext Inc.a,b		5,924		78,967
Zillow Group Inc. Class Aa		15,234		744,029
Zillow Group Inc. Class Ca,b		32,379		1,586,895
				325,520,909
IT SERVICES — 3.74%
Accenture PLC Class A		190,540		23,565,987

Security	Shares		Value
Acxiom Corp.a		24,650	$	640,407
Alliance Data Systems Corp.		14,890		3,822,114
Amdocs Ltd.		44,591		2,874,336
Automatic Data Processing Inc.		137,511		14,089,377
Black Knight Financial Services Inc. Class Aa,b		7,751		317,403
Blackhawk Network Holdings Inc.a		17,325		755,370
Booz Allen Hamilton Holding Corp.		44,860		1,459,744
Broadridge Financial Solutions Inc.		36,089		2,726,885
CACI International Inc. Class Aa		7,612		951,881
CardConnect Corp.a		5,165		77,733
Cardtronics PLC Class Aa		13,064		429,283
Cass Information Systems Inc.		3,049		200,136
Cognizant Technology Solutions Corp. Class A		179,635		11,927,764
Conduent Inc.a		61,268		976,612
Convergys Corp.		29,909		711,236
CoreLogic Inc./U.S.a		25,897		1,123,412
CSG Systems International Inc.		9,750		395,655
CSRA Inc.		49,141		1,560,227
DST Systems Inc.		18,531		1,143,363
DXC Technology Co.		86,893		6,666,431
EPAM Systems Inc.a,b		15,115		1,271,020
Euronet Worldwide Inc.a		15,673		1,369,350
Everi Holdings Inc.a		19,405		141,268
EVERTEC Inc.		18,868		326,416
ExlService Holdings Inc.a		9,426		523,897
Fidelity National Information Services Inc.		100,895		8,616,433
First Data Corp. Class Aa,b		113,262		2,061,368
Fiserv Inc.a		65,080		7,961,887
FleetCor Technologies Inc.a		28,294		4,080,278
Forrester Research Inc.		2,465		96,505
Gartner Inc.a		26,788		3,308,586
Genpact Ltd.		41,341		1,150,520
Global Payments Inc.		46,575		4,206,654
Hackett Group Inc. (The)		7,212		111,786
Information Services Group Inc.a		9,343		38,400
International Business Machines Corp.		264,079		40,623,273

452

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Jack Henry & Associates Inc.		23,591	$	2,450,397
Leidos Holdings Inc.		43,580		2,252,650
ManTech International Corp./VA Class A		8,330		344,695
MasterCard Inc. Class A		289,513		35,161,354
MAXIMUS Inc.		19,490		1,220,659
MoneyGram International Inc.a		8,941		154,232
NCI Inc. Class Aa		1,841		38,845
NeuStar Inc. Class Aa		15,753		525,363
Paychex Inc.		99,052		5,640,021
PayPal Holdings Inc.a		348,551		18,706,732
Perficient Inc.a		9,316		173,650
Planet Payment Inc.a		12,705		41,927
Presidio Inc.a		5,789		82,841
Sabre Corp.		62,282		1,355,879
Science Applications International Corp.		13,216		917,455
ServiceSource International Inc.a,b		17,489		67,857
Square Inc. Class Aa,b		68,059		1,596,664
StarTek Inc.a		6,867		84,052
Sykes Enterprises Inc.a		11,096		372,049
Syntel Inc.		10,548		178,894
TeleTech Holdings Inc.		5,331		217,505
Teradata Corp.a,b		39,108		1,153,295
Total System Services Inc.		55,654		3,241,846
Travelport Worldwide Ltd.		36,210		498,250
Unisys Corp.a,b		15,674		200,627
Vantiv Inc. Class Aa		49,245		3,119,178
Virtusa Corp.a		9,051		266,099
Visa Inc. Class A		567,947		53,262,070
Western Union Co. (The)		144,689		2,756,326
WEX Inc.a,b		12,001		1,251,344
				289,635,753
LEISURE PRODUCTS — 0.15%
Acushnet Holdings Corp.b		6,791		134,733
American Outdoor Brands Corp.a		17,530		388,465
Black Diamond Inc.a,b		12,010		79,866
Brunswick Corp./DE		27,353		1,715,854
Callaway Golf Co.		27,632		353,137
Escalade Inc.		2,887		37,820
Hasbro Inc.		34,962		3,898,613

Security	Shares		Value
Johnson Outdoors Inc. Class A		1,758	$	84,753
Malibu Boats Inc. Class Aa,b		5,526		142,958
Marine Products Corp.		1,471		22,962
Mattel Inc.		106,309		2,288,833
MCBC Holdings Inc.a		6,168		120,584
Nautilus Inc.a		8,861		169,688
Polaris Industries Inc.b		18,181		1,676,834
Sturm Ruger & Co. Inc.b		5,489		341,141
Vista Outdoor Inc.a		18,482		416,030
				11,872,271
LIFE SCIENCES TOOLS & SERVICES — 0.81%
Accelerate Diagnostics Inc.a,b		6,449		176,380
Agilent Technologies Inc.		99,643		5,909,826
Albany Molecular Research Inc.a		6,645		144,197
Bio-Rad Laboratories Inc. Class Aa		6,514		1,474,183
Bio-Techne Corp.		11,447		1,345,022
Bruker Corp.		33,697		971,821
Cambrex Corp.a		10,085		602,579
Charles River Laboratories International Inc.a		14,124		1,428,643
Enzo Biochem Inc.a		11,884		131,199
Fluidigm Corp.a,b		6,809		27,508
Illumina Inc.a,b		44,725		7,760,682
INC Research Holdings Inc. Class Aa		16,639		973,382
Luminex Corp.		11,452		241,866
Medpace Holdings Inc.a		2,415		70,035
Mettler-Toledo International Inc.a,b		7,770		4,572,956
NanoString Technologies Inc.a		6,220		102,879
NeoGenomics Inc.a		14,206		127,286
Pacific Biosciences of California Inc.a,b		29,005		103,258
PAREXEL International Corp.a		15,327		1,332,070
Patheon NVa		9,841		343,254
PerkinElmer Inc.		33,563		2,286,983
PRA Health Sciences Inc.a		11,814		886,168
QIAGEN NV		70,460		2,362,524
Quintiles IMS Holdings Inc.a		38,860		3,477,970
Thermo Fisher Scientific Inc.		119,847		20,909,706
VWR Corp.a		26,152		863,278
Waters Corp.a		23,297		4,282,920
				62,908,575

453

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
MACHINERY — 1.96%
Actuant Corp. Class A		18,495	$	454,977
AGCO Corp.		21,192		1,428,129
Alamo Group Inc.		2,859		259,626
Albany International Corp. Class A		9,376		500,678
Allison Transmission Holdings Inc.		40,940		1,535,659
Altra Industrial Motion Corp.		7,738		307,972
American Railcar Industries Inc.		2,852		109,232
Astec Industries Inc.		7,065		392,178
Barnes Group Inc.		15,793		924,364
Blue Bird Corp.a		1,452		24,684
Briggs & Stratton Corp.		13,988		337,111
Caterpillar Inc.		174,535		18,755,531
Chart Industries Inc.a		8,603		298,782
CIRCOR International Inc.		5,149		305,748
Colfax Corp.a		27,106		1,067,163
Columbus McKinnon Corp./NY		5,616		142,759
Commercial Vehicle Group Inc.a,b		10,008		84,568
Crane Co.		15,261		1,211,418
Cummins Inc.		48,697		7,899,627
Deere & Co.		97,897		12,099,090
DMC Global Inc.		4,209		55,138
Donaldson Co. Inc.		40,563		1,847,239
Douglas Dynamics Inc.		6,402		210,626
Dover Corp.		47,266		3,791,679
Eastern Co. (The)		2,662		79,993
Energy Recovery Inc.a,b		10,357		85,860
EnPro Industries Inc.		7,098		506,584
ESCO Technologies Inc.		7,709		459,842
ExOne Co. (The)a,b		3,595		41,163
Federal Signal Corp.		17,472		303,314
Flowserve Corp.		39,615		1,839,324
Fortive Corp.		94,245		5,970,421
Franklin Electric Co. Inc.		13,625		564,075
FreightCar America Inc.		3,348		58,222
Gardner Denver Holdings Inc.a		12,714		274,750
Gencor Industries Inc.a		2,306		37,357
Global Brass & Copper Holdings Inc.		6,190		189,105
Gorman-Rupp Co. (The)		5,523		140,671
Graco Inc.		17,247		1,884,752

Security	Shares		Value
Graham Corp.		3,023	$	59,432
Greenbrier Companies Inc. (The)		7,874		364,172
Hardinge Inc.		3,477		43,184
Harsco Corp.a		23,387		376,531
Hillenbrand Inc.		20,193		728,967
Hurco Companies Inc.		1,891		65,712
Hyster-Yale Materials Handling Inc.		2,932		205,973
IDEX Corp.		23,468		2,652,119
Illinois Tool Works Inc.		93,564		13,403,043
Ingersoll-Rand PLC		78,517		7,175,669
ITT Inc.		27,263		1,095,427
John Bean Technologies Corp.		9,202		901,796
Kadant Inc.		3,294		247,709
Kennametal Inc.		23,872		893,290
LB Foster Co. Class A		4,110		88,160
Lincoln Electric Holdings Inc.		18,023		1,659,738
Lindsay Corp.		3,570		318,623
Lydall Inc.a		4,967		256,794
Manitowoc Co. Inc. (The)a		43,104		259,055
Meritor Inc.a		23,395		388,591
Middleby Corp. (The)a		17,506		2,127,154
Milacron Holdings Corp.a,b		13,674		240,526
Miller Industries Inc./TN		3,125		77,656
Mueller Industries Inc.		18,099		551,115
Mueller Water Products Inc. Class A		45,196		527,889
Navistar International Corp.a,b		16,060		421,254
NN Inc.		7,920		217,404
Nordson Corp.		17,449		2,116,913
Omega Flex Inc.		842		54,225
Oshkosh Corp.		22,363		1,540,363
PACCAR Inc.		105,756		6,984,126
Park-Ohio Holdings Corp.		2,470		94,107
Parker-Hannifin Corp.		40,595		6,487,893
Pentair PLC		51,399		3,420,089
Proto Labs Inc.a,b		7,772		522,667
RBC Bearings Inc.a		7,260		738,778
REV Group Inc.		3,825		105,876
Rexnord Corp.a,b		31,733		737,792
Snap-on Inc.		17,604		2,781,432
Spartan Motors Inc.		9,937		87,942

454

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
SPX Corp.a		11,816	$	297,291
SPX FLOW Inc.a		11,816		435,774
Standex International Corp.		3,532		320,352
Stanley Black & Decker Inc.		46,953		6,607,696
Sun Hydraulics Corp.		7,821		333,722
Supreme Industries Inc. Class A		3,925		64,566
Tennant Co.		5,401		398,594
Terex Corp.		27,663		1,037,362
Timken Co. (The)		21,084		975,135
Titan International Inc.		13,369		160,562
Toro Co. (The)		32,022		2,218,804
TriMas Corp.a		12,882		268,590
Trinity Industries Inc.		44,711		1,253,249
Twin Disc Inc.a		4,926		79,506
Wabash National Corp.b		19,656		432,039
WABCO Holdings Inc.a		15,517		1,978,573
Wabtec Corp./DE		26,633		2,436,919
Watts Water Technologies Inc. Class A		8,199		518,177
Welbilt Inc.a,b		38,077		717,751
Woodward Inc.		15,892		1,073,981
Xylem Inc./NY		55,028		3,050,202
				152,157,442
MARINE — 0.03%
Costamare Inc.		7,891		57,683
Eagle Bulk Shipping Inc.a		17,726		83,844
Genco Shipping & Trading Ltd.a		9,060		85,798
Kirby Corp.a,b		15,943		1,065,790
Matson Inc.		14,026		421,341
Navios Maritime Holdings Inc.a		73,082		100,122
Safe Bulkers Inc.a		35,699		81,751
Scorpio Bulkers Inc.a		20,888		148,305
				2,044,634
MEDIA — 2.90%
AMC Entertainment Holdings Inc. Class A		16,252		369,733
AMC Networks Inc. Class Aa,b		16,444		878,274
Beasley Broadcast Group Inc. Class A		8,011		78,508
Cable One Inc.		1,422		1,010,900
CBS Corp. Class B NVS		109,383		6,976,448
Central European Media Enterprises Ltd. Class Aa,b		21,916		87,664

Security	Shares		Value
Charter Communications Inc. Class Aa		60,860	$	20,500,691
Cinemark Holdings Inc.		32,003		1,243,317
Clear Channel Outdoor Holdings Inc. Class A		11,841		57,429
Comcast Corp. Class A		1,447,731		56,345,691
Daily Journal Corp.a,b		220		45,382
Discovery Communications Inc. Class Aa,b		45,227		1,168,213
Discovery Communications Inc. Class C NVSa		64,287		1,620,675
DISH Network Corp. Class Aa		67,852		4,258,392
Emerald Expositions Events Inc.		4,771		104,485
Entercom Communications Corp. Class Ab		6,748		69,842
Entravision Communications Corp. Class A		23,522		155,245
Eros International PLCa,b		8,707		99,695
EW Scripps Co. (The) Class Aa,b		17,946		319,618
Gannett Co. Inc.		32,902		286,905
Global Eagle Entertainment Inc.a,b		12,272		43,688
Gray Television Inc.a		19,088		261,506
Hemisphere Media Group Inc.a,b		2,418		28,653
IMAX Corp.a		17,365		382,030
Interpublic Group of Companies Inc. (The)		122,612		3,016,255
John Wiley & Sons Inc. Class A		13,089		690,445
Liberty Broadband Corp. Class Aa		8,186		702,277
Liberty Broadband Corp. Class Ca		31,953		2,771,923
Liberty Media Corp.-Liberty Braves Class Aa		3,062		73,151
Liberty Media Corp.-Liberty Braves Class Ca		10,056		241,042
Liberty Media Corp.-Liberty Formula One Class Aa		7,543		264,231
Liberty Media Corp.-Liberty Formula One Class Ca		32,560		1,192,347
Liberty Media Corp.-Liberty SiriusXM Class Aa		27,478		1,153,526
Liberty Media Corp.-Liberty SiriusXM Class Ca		54,809		2,285,535

455

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Lions Gate Entertainment Corp. Class A		16,587	$	468,085
Lions Gate Entertainment Corp. Class Ba,b		31,663		832,104
Live Nation Entertainment Inc.a		41,834		1,457,915
Loral Space & Communications Inc.a		3,655		151,865
Madison Square Garden Co. (The)a,b		5,818		1,145,564
MDC Partners Inc. Class A		13,851		137,125
Meredith Corp.		11,192		665,364
MSG Networks Inc. Class Aa		17,526		393,459
National CineMedia Inc.		20,695		153,557
New Media Investment Group Inc.		13,092		176,480
New York Times Co. (The) Class A		40,483		716,549
News Corp. Class A		117,796		1,613,805
News Corp. Class B		40,227		569,212
Nexstar Media Group Inc. Class A		13,144		786,011
Omnicom Group Inc.		70,936		5,880,594
Reading International Inc. Class Aa		4,975		80,247
Regal Entertainment Group Class A		34,563		707,159
Saga Communications Inc. Class A		1,317		60,253
Salem Media Group Inc. Class A		3,304		23,458
Scholastic Corp.		8,181		356,610
Scripps Networks Interactive Inc. Class A		26,423		1,804,955
Sinclair Broadcast Group Inc. Class A		22,285		733,177
Sirius XM Holdings Inc.b		452,401		2,474,633
TEGNA Inc.		65,704		946,795
Time Inc.		32,070		460,205
Time Warner Inc.		238,373		23,935,033
Townsquare Media Inc. Class Aa		2,526		25,866
Tribune Media Co. Class A		23,314		950,512
Twenty-First Century Fox Inc. Class A NVS		320,237		9,075,517

Security	Shares		Value
Twenty-First Century Fox Inc. Class B		134,614	$	3,751,692
Viacom Inc. Class Ab		2,912		110,802
Viacom Inc. Class B NVS		108,149		3,630,562
Walt Disney Co. (The)		481,111		51,118,044
World Wrestling Entertainment Inc. Class A		11,841		241,201
				224,418,126
METALS & MINING — 0.44%
AK Steel Holding Corp.a		94,334		619,774
Alcoa Corp.		56,692		1,850,994
Allegheny Technologies Inc.		32,818		558,234
Ampco-Pittsburgh Corp.		2,526		37,259
Carpenter Technology Corp.		13,977		523,159
Century Aluminum Co.a		14,961		233,092
Cliffs Natural Resources Inc.a		85,376		590,802
Coeur Mining Inc.a		55,039		472,235
Commercial Metals Co.		33,450		649,934
Compass Minerals International Inc.b		10,558		689,437
Ferroglobe PLC		15,827		—
Freeport-McMoRan Inc.a		415,741		4,993,049
Gerber Scientific Inc. Escrowa,d		5,665		57
Gold Resource Corp.b		14,989		61,155
Handy & Harman Ltd.a		1,759		55,233
Haynes International Inc.		3,450		125,270
Hecla Mining Co.		116,233		592,788
Kaiser Aluminum Corp.		5,695		504,121
Klondex Mines Ltd.a		53,606		180,652
Materion Corp.		5,782		216,247
Newmont Mining Corp.		164,829		5,338,811
Nucor Corp.		97,498		5,642,209
Olympic Steel Inc.		2,489		48,486
Ramaco Resources Inc.a		1,838		11,120
Reliance Steel & Aluminum Co.		22,127		1,611,067
Royal Gold Inc.		19,941		1,558,788
Ryerson Holding Corp.a		3,171		31,393
Schnitzer Steel Industries Inc. Class A		7,330		184,716
Southern Copper Corp.		25,323		876,935
Steel Dynamics Inc.		72,002		2,578,392
SunCoke Energy Inc.a		20,351		221,826
Tahoe Resources Inc.		90,224		777,731

456

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
TimkenSteel Corp.a		11,757	$	180,705
U.S. Steel Corp.		53,458		1,183,560
Warrior Met Coal Inc.		5,131		87,894
Worthington Industries Inc.		13,164		661,096
				33,948,221
MORTGAGE REAL ESTATE INVESTMENT — 0.23%
AG Mortgage Investment Trust Inc.		7,096		129,857
AGNC Investment Corp.		108,967		2,319,907
Annaly Capital Management Inc.		308,722		3,720,100
Anworth Mortgage Asset Corp.		22,935		137,839
Apollo Commercial Real Estate Finance Inc.		28,033		520,012
Ares Commercial Real Estate Corp.		8,583		112,351
ARMOUR Residential REIT Inc.		12,794		319,850
Capstead Mortgage Corp.b		26,236		273,641
Cherry Hill Mortgage Investment Corp.b		4,180		77,205
Chimera Investment Corp.		59,048		1,100,064
CYS Investments Inc.		50,366		423,578
Dynex Capital Inc.		15,898		112,876
Ellington Residential Mortgage REIT		5,107		74,869
Great Ajax Corp.		7,069		98,825
Hannon Armstrong Sustainable Infrastructure Capital Inc.		16,529		378,018
Invesco Mortgage Capital Inc.		35,492		593,071
KKR Real Estate Finance Trust Inc.		3,654		78,561
Ladder Capital Corp.		21,471		287,926
MFA Financial Inc.		122,407		1,026,995
MTGE Investment Corp.		12,033		226,220
New Residential Investment Corp.		95,244		1,481,997
New York Mortgage Trust Inc.b		29,180		181,500
Orchid Island Capital Inc.		9,381		92,497
Owens Realty Mortgage Inc.b		3,026		51,321
PennyMac Mortgage Investment Trustc		18,974		347,034
Redwood Trust Inc.b		22,789		388,325
Resource Capital Corp.		8,843		89,933

Security	Shares		Value
Starwood Property Trust Inc.b		79,648	$	1,783,319
Sutherland Asset Management Corp.		5,147		76,433
Two Harbors Investment Corp.b		105,250		1,043,027
Western Asset Mortgage Capital Corp.b		12,985		133,746
				17,680,897
MULTI-UTILITIES — 0.94%
Ameren Corp.		74,387		4,066,737
Avista Corp.		19,209		815,614
Black Hills Corp.		16,191		1,092,407
CenterPoint Energy Inc.		132,699		3,633,299
CMS Energy Corp.		86,332		3,992,855
Consolidated Edison Inc.		94,136		7,608,072
Dominion Energy Inc.		192,913		14,782,923
DTE Energy Co.		55,304		5,850,610
MDU Resources Group Inc.		58,410		1,530,342
NiSource Inc.		98,051		2,486,573
NorthWestern Corp.		14,544		887,475
Public Service Enterprise Group Inc.		156,402		6,726,850
SCANA Corp.		40,540		2,716,585
Sempra Energy		76,946		8,675,661
Unitil Corp.		4,045		195,414
Vectren Corp.		25,166		1,470,701
WEC Energy Group Inc.		97,270		5,970,433
				72,502,551
MULTILINE RETAIL — 0.36%
Big Lots Inc.		14,147		683,300
Dillard’s Inc. Class A		5,277		304,430
Dollar General Corp.		84,558		6,095,786
Dollar Tree Inc.a		70,873		4,955,440
Fred’s Inc. Class Ab		10,585		97,700
JC Penney Co. Inc.a,b		95,753		445,251
Kohl’s Corp.		52,467		2,028,899
Macy’s Inc.		93,930		2,182,933
Nordstrom Inc.b		35,825		1,713,510
Ollie’s Bargain Outlet Holdings Inc.a,b		14,508		618,041
Sears Holdings Corp.a,b		3,877		34,350
Target Corp.		170,689		8,925,328
				28,084,968

457

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
OIL, GAS & CONSUMABLE FUELS — 4.73%
Abraxas Petroleum Corp.a,b		49,594	$	80,342
Adams Resources & Energy Inc.		715		29,372
Alon USA Energy Inc.		10,663		142,031
Anadarko Petroleum Corp.		173,185		7,852,208
Antero Resources Corp.a,b		70,732		1,528,518
Apache Corp.		117,388		5,626,407
Approach Resources Inc.a		32,413		109,232
Arch Coal Inc. Class Ab		6,679		456,176
Ardmore Shipping Corp.		5,219		42,535
Bill Barrett Corp.a,b		18,633		57,203
Bonanza Creek Energy Inc.a		6,180		195,968
Cabot Oil & Gas Corp.		140,523		3,524,317
California Resources Corp.a,b		10,880		93,024
Callon Petroleum Co.a		64,159		680,727
Carrizo Oil & Gas Inc.a		18,869		328,698
Centennial Resource Development Inc./DE Class Aa		33,944		536,994
Cheniere Energy Inc.a		61,728		3,006,771
Chesapeake Energy Corp.a,b		277,409		1,378,723
Chevron Corp.		581,057		60,621,677
Cimarex Energy Co.		28,473		2,676,747
Clean Energy Fuels Corp.a		50,846		129,149
Cloud Peak Energy Inc.a		24,438		86,266
Concho Resources Inc.a		45,234		5,497,288
ConocoPhillips		380,550		16,728,978
CONSOL Energy Inc.a		70,941		1,059,859
Contango Oil & Gas Co.a		5,665		37,616
Continental Resources Inc./OKa,b		26,092		843,554
CVR Energy Inc.		4,694		102,141
Delek U.S. Holdings Inc.		19,969		527,980
Denbury Resources Inc.a		101,512		155,313
Devon Energy Corp.		161,672		5,168,654
DHT Holdings Inc.		31,630		131,264
Diamondback Energy Inc.a,b		30,085		2,671,849
Dorian LPG Ltd.a,b		7,098		58,062
Earthstone Energy Inc. Class Aa,b		353		3,534
Eclipse Resources Corp.a		8,706		24,899
Energen Corp.a		29,672		1,464,907

Security	Shares		Value
Energy XXI Gulf Coast Inc.a		9,011	$	167,334
EOG Resources Inc.		177,195		16,039,691
EP Energy Corp. Class Aa,b		10,072		36,864
EQT Corp.b		52,422		3,071,405
Evolution Petroleum Corp.		4,451		36,053
Extraction Oil & Gas Inc.a,b		36,877		495,996
Exxon Mobil Corp.		1,303,327		105,217,589
Frontline Ltd./Bermudab		23,672		135,641
GasLog Ltd.		12,486		190,411
Gastar Exploration Inc.a		89,042		82,453
Gener8 Maritime Inc.a,b		16,480		93,771
Golar LNG Ltd.b		29,075		646,919
Green Plains Inc.		10,973		225,495
Gulfport Energy Corp.a		48,425		714,269
Halcon Resources Corp.a		20,122		91,354
Hallador Energy Co.		11,066		85,983
Hess Corp.		86,204		3,781,769
HollyFrontier Corp.		54,334		1,492,555
International Seaways Inc.a		8,963		194,228
Isramco Inc.a,b		237		27,113
Jagged Peak Energy Inc.a,b		9,648		128,801
Jones Energy Inc. Class Aa,b		11,941		19,106
Kinder Morgan Inc./DE		590,224		11,308,692
Kosmos Energy Ltd.a,b		58,391		374,286
Laredo Petroleum Inc.a,b		52,704		554,446
Lilis Energy Inc.a,b		15,778		77,312
Marathon Oil Corp.		259,447		3,074,447
Marathon Petroleum Corp.		158,016		8,268,977
Matador Resources Co.a,b		26,765		571,968
Midstates Petroleum Co. Inc.a		6,582		83,394
Murphy Oil Corp.		49,279		1,263,021
Navios Maritime Acquisition Corp.		23,705		34,846
Newfield Exploration Co.a,b		60,420		1,719,553
Noble Energy Inc.		147,807		4,182,938
Nordic American Tankers Ltd.b		33,760		214,038
Oasis Petroleum Inc.a		70,251		565,521
Occidental Petroleum Corp.		235,272		14,085,735
ONEOK Inc.		64,138		3,345,438
Overseas Shipholding Group Inc. Series Aa		9,865		26,241
Pacific Ethanol Inc.a,b		5,804		36,275
Panhandle Oil and Gas Inc. Class A		4,044		93,416

458

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Par Pacific Holdings Inc.a,b		8,976	$	161,927
Parsley Energy Inc. Class Aa		70,854		1,966,198
PBF Energy Inc. Class A		33,152		737,964
PDC Energy Inc.a,b		20,149		868,623
Peabody Energy Corp.a		14,972		366,065
Penn Virginia Corp.a		4,348		159,789
PetroCorp Inc. Escrowa,d		1,248		—
Phillips 66		133,955		11,076,739
Pioneer Natural Resources Co.		51,917		8,284,915
QEP Resources Inc.a		72,048		727,685
Range Resources Corp.b		70,038		1,622,780
Renewable Energy Group Inc.a,b		11,836		153,276
Resolute Energy Corp.a		6,614		196,899
REX American Resources Corp.a		1,850		178,636
Rice Energy Inc.a		32,422		863,398
Ring Energy Inc.a,b		14,875		193,375
Rosehill Resources Inc.a,b		9,044		75,427
RSP Permian Inc.a,b		40,264		1,299,319
Sanchez Energy Corp.a,b		19,473		139,816
SandRidge Energy Inc.a		10,641		183,132
Scorpio Tankers Inc.		53,870		213,864
SemGroup Corp. Class A		19,988		539,676
Ship Finance International Ltd.		19,005		258,468
SilverBow Resources Inc.a		2,952		77,224
SM Energy Co.		34,832		575,773
Southwestern Energy Co.a		147,924		899,378
SRC Energy Inc.a		55,011		370,224
Stone Energy Corp.a		5,947		109,306
Targa Resources Corp.		59,814		2,703,593
Teekay Corp.b		13,060		87,110
Teekay Tankers Ltd. Class A		30,015		56,428
Tellurian Inc.a		16,897		169,477
Tesoro Corp.		47,476		4,443,754
Ultra Petroleum Corp.a		59,464		645,184
Uranium Energy Corp.a,b		56,546		89,908
Valero Energy Corp.		137,270		9,260,234
W&T Offshore Inc.a		9,943		19,488
Westmoreland Coal Co.a		4,954		24,126
Whiting Petroleum Corp.a,b		110,337		607,957
WildHorse Resource Development Corp.a,b		6,052		74,863
Williams Companies Inc. (The)		254,003		7,691,211

Security	Shares		Value
World Fuel Services Corp.		20,639	$	793,570
WPX Energy Inc.a		117,015		1,130,365
				366,611,471
PAPER & FOREST PRODUCTS — 0.05%
Boise Cascade Co.a		11,222		341,149
Clearwater Paper Corp.a		5,298		247,681
Deltic Timber Corp.		3,179		237,344
Domtar Corp.		19,030		731,133
KapStone Paper and Packaging Corp.		25,655		529,263
Louisiana-Pacific Corp.a		44,666		1,076,897
Neenah Paper Inc.		5,398		433,189
PH Glatfelter Co.		12,192		238,232
Schweitzer-Mauduit International Inc.		8,894		331,124
Verso Corp. Class Aa		19,186		89,982
				4,255,994
PERSONAL PRODUCTS — 0.18%
Coty Inc. Class A		141,504		2,654,615
Edgewell Personal Care Co.a		17,564		1,335,215
elf Beauty Inc.a,b		6,309		171,668
Estee Lauder Companies Inc. (The) Class A		67,160		6,446,017
Herbalife Ltd.a,b		21,029		1,499,998
Inter Parfums Inc.		4,669		171,119
Medifast Inc.		4,016		166,543
Natural Health Trends Corp.b		2,126		59,209
Nature’s Sunshine Products Inc.		3,366		44,599
Nu Skin Enterprises Inc. Class A		15,571		978,482
Nutraceutical International Corp.		2,304		95,962
Revlon Inc. Class Aa,b		3,311		78,471
USANA Health Sciences Inc.a,b		3,516		225,376
				13,927,274
PHARMACEUTICALS — 4.34%
Aclaris Therapeutics Inc.a,b		7,168		194,396
Aerie Pharmaceuticals Inc.a		9,456		496,913
Akorn Inc.a,b		27,660		927,716
Allergan PLC		103,260		25,101,473
Amphastar Pharmaceuticals Inc.a,b		12,169		217,338
ANI Pharmaceuticals Inc.a,b		1,997		93,460
Aratana Therapeutics Inc.a,b		7,323		52,945

459

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Assembly Biosciences Inc.a		4,273	$	88,237
Bristol-Myers Squibb Co.		506,279		28,209,866
Catalent Inc.a		38,345		1,345,909
Cempra Inc.a		12,754		58,668
Clearside Biomedical Inc.a,b		2,442		22,247
Collegium Pharmaceutical Inc.a,b		6,543		81,853
Corcept Therapeutics Inc.a,b		26,628		314,210
Corium International Inc.a,b		10,498		78,315
Depomed Inc.a,b		17,272		185,501
Dermira Inc.a		12,434		362,327
DURECT Corp.a		30,045		46,870
Eli Lilly & Co.		300,053		24,694,362
Endo International PLCa		68,560		765,815
Heska Corp.a		2,215		226,085
Horizon Pharma PLCa		48,345		573,855
Impax Laboratories Inc.a		21,223		341,690
Innoviva Inc.a		22,446		287,309
Intersect ENT Inc.a		9,295		259,795
Intra-Cellular Therapies Inc.a,b		10,656		132,348
Johnson & Johnson		828,995		109,667,749
Lannett Co. Inc.a,b		7,373		150,409
Mallinckrodt PLCa		30,365		1,360,656
Medicines Co. (The)a,b		20,340		773,123
Merck & Co. Inc.		841,614		53,939,041
Mylan NVa		163,713		6,355,339
MyoKardia Inc.a		7,495		98,185
Nektar Therapeuticsa		45,785		895,097
Neos Therapeutics Inc.a,b		1,666		12,162
Ocular Therapeutix Inc.a,b		5,100		47,277
Omeros Corp.a,b		11,609		231,077
Pacira Pharmaceuticals Inc./DEa		12,129		578,553
Paratek Pharmaceuticals Inc.a,b		8,013		193,113
Perrigo Co. PLC		39,295		2,967,558
Pfizer Inc.		1,818,335		61,077,873
Phibro Animal Health Corp. Series A		6,100		226,005
Prestige Brands Holdings Inc.a		15,969		843,323
Reata Pharmaceuticals Inc. Series Aa,b		1,745		55,212
Revance Therapeutics Inc.a,b		7,732		204,125
SciClone Pharmaceuticals Inc.a		14,931		164,241

Security	Shares		Value
Sucampo Pharmaceuticals Inc. Class Aa,b		7,585	$	79,643
Supernus Pharmaceuticals Inc.a		15,286		658,827
Teligent Inc.a,b		8,770		80,246
Tetraphase Pharmaceuticals Inc.a,b		9,987		71,207
TherapeuticsMD Inc.a,b		46,818		246,731
Theravance Biopharma Inc.a,b		12,314		490,590
WaVe Life Sciences Ltd.a		2,210		41,106
Zoetis Inc.		150,996		9,419,130
Zogenix Inc.a,b		8,209		119,031
Zynerba Pharmaceuticals Inc.a,b		4,227		71,732
				336,277,864
PROFESSIONAL SERVICES — 0.42%
Acacia Research Corp.a		13,218		54,194
Advisory Board Co. (The)a		12,104		623,356
Barrett Business Services Inc.		2,053		117,616
BG Staffing Inc.		4,316		75,012
CBIZ Inc.a		17,186		257,790
Cogint Inc.a,b		4,525		22,851
CRA International Inc.		3,098		112,519
Dun & Bradstreet Corp. (The)		11,213		1,212,686
Equifax Inc.		36,422		5,005,111
Exponent Inc.		7,819		455,848
Franklin Covey Co.a		3,907		75,405
FTI Consulting Inc.a		12,921		451,718
GP Strategies Corp.a,b		3,133		82,711
Heidrick & Struggles International Inc.		5,235		113,861
Hill International Inc.a		6,904		35,901
Huron Consulting Group Inc.a,b		6,720		290,304
ICF International Inc.a		5,635		265,409
IHS Markit Ltd.a		120,047		5,286,870
Insperity Inc.		5,139		364,869
Kelly Services Inc. Class A		7,550		169,498
Kforce Inc.		8,276		162,210
Korn/Ferry International		15,602		538,737
ManpowerGroup Inc.		20,399		2,277,548
Mistras Group Inc.a		4,459		97,964
Navigant Consulting Inc.a		14,900		294,424
Nielsen Holdings PLC		109,645		4,238,876
On Assignment Inc.a		15,529		840,895
Pendrell Corp.a		11,927		86,232

460

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Resources Connection Inc.		7,583	$	103,887
Robert Half International Inc.		37,811		1,812,281
RPX Corp.a		15,117		210,882
TransUniona		39,082		1,692,642
TriNet Group Inc.a		11,780		385,677
TrueBlue Inc.a		11,703		310,130
Verisk Analytics Inc. Class Aa		46,485		3,921,940
WageWorks Inc.a		11,421		767,491
Willdan Group Inc.a,b		2,674		81,691
				32,897,036
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.14%
Alexander & Baldwin Inc.		13,981		578,534
Altisource Portfolio Solutions SAa,b		4,215		91,971
CBRE Group Inc. Class Aa		90,111		3,280,040
Consolidated-Tomoka Land Co.b		1,160		66,062
Forestar Group Inc.a		9,816		168,344
FRP Holdings Inc.a,b		1,844		85,101
Griffin Industrial Realty Inc.		193		6,054
HFF Inc. Class A		11,155		387,859
Howard Hughes Corp. (The)a		10,269		1,261,444
Jones Lang LaSalle Inc.		13,833		1,729,125
Kennedy-Wilson Holdings Inc.		23,747		452,380
Marcus & Millichap Inc.a,b		3,943		103,938
Maui Land & Pineapple Co. Inc.a		3,857		78,297
RE/MAX Holdings Inc. Class A		5,206		291,796
Realogy Holdings Corp.		41,397		1,343,333
RMR Group Inc. (The) Class A		1,932		93,992
St. Joe Co. (The)a,b		14,998		281,213
Stratus Properties Inc.		1,891		55,595
Tejon Ranch Co.a		3,904		80,579
Transcontinental Realty Investors Inc.a,b		2,985		80,267
				10,515,924
ROAD & RAIL — 0.89%
AMERCO		1,538		563,000
ArcBest Corp.		7,259		149,535
Avis Budget Group Inc.a,b		23,366		637,191
Covenant Transportation Group Inc. Class Aa		3,136		54,974
CSX Corp.		270,377		14,751,769

Security	Shares		Value
Daseke Inc.a		7,536	$	83,876
Genesee & Wyoming Inc. Class Aa,b		18,466		1,262,890
Heartland Express Inc.		13,924		289,898
Hertz Global Holdings Inc.a,b		13,694		157,481
JB Hunt Transport Services Inc.		27,022		2,469,270
Kansas City Southern		32,286		3,378,730
Knight Transportation Inc.		21,292		788,869
Landstar System Inc.		12,606		1,079,074
Marten Transport Ltd.		6,571		180,045
Norfolk Southern Corp.		88,911		10,820,469
Old Dominion Freight Line Inc.		18,759		1,786,607
Roadrunner Transportation Systems Inc.a		7,900		57,433
Ryder System Inc.		16,751		1,205,737
Saia Inc.a		8,461		434,049
Schneider National Inc. Class B		9,927		222,067
Swift Transportation Co.a,b		21,380		566,570
Union Pacific Corp.		248,303		27,042,680
Universal Logistics Holdings Inc.		1,446		21,690
Werner Enterprises Inc.		15,464		453,868
YRC Worldwide Inc.a		8,248		91,718
				68,549,490
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.37%
Advanced Energy Industries Inc.a		12,568		813,024
Advanced Micro Devices Inc.a,b		252,894		3,156,117
Alpha & Omega Semiconductor Ltd.a		5,063		84,400
Ambarella Inc.a,b		10,102		490,452
Amkor Technology Inc.a		33,988		332,063
Analog Devices Inc.		110,933		8,630,587
Applied Materials Inc.		331,704		13,702,692
Axcelis Technologies Inc.a		7,497		157,062
AXT Inc.a,b		11,738		74,536
Broadcom Ltd.		122,605		28,573,095
Brooks Automation Inc.		22,300		483,687
Cabot Microelectronics Corp.		7,692		567,900
Cavium Inc.a,b		20,592		1,279,381
CEVA Inc.a		6,593		299,652
Cirrus Logic Inc.a		19,715		1,236,525
Cohu Inc.		6,683		105,190

461

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Cree Inc.a,b		29,987	$	739,180
Cyberoptics Corp.a		3,390		70,004
Cypress Semiconductor Corp.		102,500		1,399,125
Diodes Inc.a		12,857		308,954
DSP Group Inc.a		6,644		77,070
Entegris Inc.a		44,549		977,851
First Solar Inc.a		24,994		996,761
FormFactor Inc.a		23,827		295,455
GSI Technology Inc.a		10,206		80,219
Ichor Holdings Ltd.a		2,065		41,630
Impinj Inc.a,b		5,489		267,040
Inphi Corp.a,b		12,876		441,647
Integrated Device Technology Inc.a		39,816		1,026,855
Intel Corp.		1,448,971		48,888,282
IXYS Corp.		7,250		119,263
KLA-Tencor Corp.		47,912		4,384,427
Kopin Corp.a		19,357		71,814
Lam Research Corp.		49,263		6,967,266
Lattice Semiconductor Corp.a		33,708		224,495
MACOM Technology Solutions Holdings Inc.a,b		12,358		689,206
Marvell Technology Group Ltd.		125,999		2,081,503
Maxim Integrated Products Inc.		85,811		3,852,914
MaxLinear Inc.a		18,280		509,829
Microchip Technology Inc.		64,975		5,014,771
Micron Technology Inc.a		321,434		9,598,019
Microsemi Corp.a		34,509		1,615,021
MKS Instruments Inc.		16,087		1,082,655
Monolithic Power Systems Inc.		11,960		1,152,944
Nanometrics Inc.a		6,702		169,494
NeoPhotonics Corp.a,b		7,922		61,158
NVE Corp.		1,292		99,484
NVIDIA Corp.		174,712		25,256,367
NXP Semiconductors NVa		102,310		11,197,829
ON Semiconductor Corp.a		129,825		1,822,743
PDF Solutions Inc.a,b		7,255		119,345
Photronics Inc.a,b		17,221		161,877
Pixelworks Inc.a		16,482		75,652
Power Integrations Inc.		8,172		595,739
Qorvo Inc.a,b		38,626		2,445,798
QUALCOMM Inc.		454,720		25,109,638
Rambus Inc.a		31,910		364,731
Rudolph Technologies Inc.a		9,445		215,818

Security	Shares		Value
Semtech Corp.a		18,976	$	678,392
Sigma Designs Inc.a,b		9,691		56,692
Silicon Laboratories Inc.a		12,230		835,921
Skyworks Solutions Inc.		56,583		5,429,139
SunPower Corp.a,b		16,177		151,093
Synaptics Inc.a,b		11,353		587,064
Teradyne Inc.		60,796		1,825,704
Texas Instruments Inc.		306,710		23,595,200
Ultra Clean Holdings Inc.a,b		9,702		181,913
Veeco Instruments Inc.a		13,100		364,835
Versum Materials Inc.		33,316		1,082,770
Xcerra Corp.a		13,969		136,477
Xilinx Inc.		76,377		4,912,569
Xperi Corp.		14,971		446,136
				260,940,141
SOFTWARE — 4.77%
8x8 Inc.a		27,507		400,227
A10 Networks Inc.a		17,404		146,890
ACI Worldwide Inc.a		34,493		771,608
Activision Blizzard Inc.		227,232		13,081,746
Adobe Systems Inc.a		151,762		21,465,217
Agilysys Inc.a		4,220		42,706
American Software Inc./GA Class A		6,784		69,807
ANSYS Inc.a		26,174		3,184,852
Aspen Technology Inc.a,b		23,508		1,299,052
Atlassian Corp. PLC Class Aa		22,410		788,384
Autodesk Inc.a		63,710		6,423,242
Barracuda Networks Inc.a		7,408		170,828
Blackbaud Inc.b		14,215		1,218,936
Blackline Inc.a		3,027		108,185
Bottomline Technologies de Inc.a		13,021		334,509
BroadSoft Inc.a,b		9,609		413,667
CA Inc.		96,661		3,331,905
Cadence Design Systems Inc.a		84,557		2,831,814
Callidus Software Inc.a,b		20,115		486,783
CDK Global Inc.		41,383		2,568,229
Citrix Systems Inc.a		46,350		3,688,533
CommVault Systems Inc.a		11,621		656,005
Dell Technologies Inc. Class Va		62,921		3,845,102
Digimarc Corp.a,b		2,073		83,231
Ebix Inc.b		6,891		371,425

462

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Electronic Arts Inc.a		92,083	$	9,735,015
Ellie Mae Inc.a,b		10,538		1,158,232
EnerNOC Inc.a		7,247		56,164
Everbridge Inc.a		4,016		97,830
Exa Corp.a		4,169		57,532
Fair Isaac Corp.		9,630		1,342,518
FireEye Inc.a,b		53,751		817,553
Fortinet Inc.a		45,690		1,710,634
Gigamon Inc.a		11,171		439,579
Glu Mobile Inc.a,b		31,902		79,755
Guidance Software Inc.a		4,308		28,476
Guidewire Software Inc.a,b		22,251		1,528,866
HubSpot Inc.a,b		10,258		674,464
Imperva Inc.a		10,203		488,214
Intuit Inc.		75,026		9,964,203
Majescoa,b		1,794		8,844
Manhattan Associates Inc.a,b		21,824		1,048,861
Microsoft Corp.		2,305,634		158,927,352
MicroStrategy Inc. Class Aa		2,877		551,435
Mitek Systems Inc.a		8,801		73,928
MobileIron Inc.a		15,440		93,412
Model N Inc.a		8,120		107,996
Monotype Imaging Holdings Inc.		14,104		258,103
Nuance Communications Inc.a,b		87,987		1,531,854
Oracle Corp.		883,762		44,311,827
Park City Group Inc.a,b		2,791		33,911
Paycom Software Inc.a,b		15,025		1,027,860
Paylocity Holding Corp.a,b		8,046		363,518
Pegasystems Inc.		11,905		694,657
Progress Software Corp.		15,890		490,842
Proofpoint Inc.a,b		12,795		1,110,990
PROS Holdings Inc.a		8,920		244,319
PTC Inc.a		34,740		1,914,869
QAD Inc. Class A		1,900		60,895
Qualys Inc.a		9,255		377,604
Rapid7 Inc.a		8,194		137,905
RealNetworks Inc.a,b		6,441		27,890
RealPage Inc.a		17,502		629,197
Red Hat Inc.a		54,358		5,204,779
RingCentral Inc. Class Aa		19,031		695,583
Rosetta Stone Inc.a		5,745		61,931
Rubicon Project Inc. (The)a		12,668		65,114
salesforce.com Inc.a		207,696		17,986,474

Security	Shares		Value
SecureWorks Corp. Class Aa		1,848	$	17,168
ServiceNow Inc.a		51,301		5,437,906
Silver Spring Networks Inc.a,b		9,866		111,288
Splunk Inc.a,b		42,211		2,401,384
SS&C Technologies Holdings Inc.b		52,040		1,998,856
Symantec Corp.		189,492		5,353,149
Synchronoss Technologies Inc.a		11,743		193,172
Synopsys Inc.a		45,860		3,344,570
Tableau Software Inc. Class Aa		18,331		1,123,140
Take-Two Interactive Software Inc.a		30,541		2,241,099
Telenav Inc.a		12,231		99,071
TiVo Corp.		34,324		640,143
Tyler Technologies Inc.a,b		10,756		1,889,507
Ultimate Software Group Inc. (The)a,b		8,758		1,839,705
Upland Software Inc.a,b		3,387		74,480
Varonis Systems Inc.a		5,830		216,876
VASCO Data Security International Inc.a		8,246		118,330
Verint Systems Inc.a		18,557		755,270
VirnetX Holding Corp.a,b		12,023		54,705
VMware Inc. Class Aa,b		21,891		1,913,930
Workday Inc. Class Aa		40,008		3,880,776
Workiva Inc.a,b		7,704		146,761
Zendesk Inc.a,b		29,619		822,816
Zix Corp.a		17,419		99,114
Zynga Inc. Class Aa		235,671		857,842
				369,634,926
SPECIALTY RETAIL — 2.14%
Aaron’s Inc.		18,999		739,061
Abercrombie & Fitch Co. Class A		21,028		261,588
Advance Auto Parts Inc.		21,561		2,513,797
America’s Car-Mart Inc./TXa,b		2,266		88,147
American Eagle Outfitters Inc.		48,470		584,063
Asbury Automotive Group Inc.a,b		6,568		371,420
Ascena Retail Group Inc.a,b		50,260		108,059
At Home Group Inc.a		2,466		57,433
AutoNation Inc.a,b		19,411		818,368
AutoZone Inc.a		8,697		4,961,291
Barnes & Noble Education Inc.a		15,123		160,757

463

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Barnes & Noble Inc.		21,848	$	166,045
Bed Bath & Beyond Inc.		42,722		1,298,749
Best Buy Co. Inc.		81,044		4,646,253
Big 5 Sporting Goods Corp.		5,354		69,870
Boot Barn Holdings Inc.a,b		4,078		28,872
Buckle Inc. (The)		7,886		140,371
Build-A-Bear Workshop Inc.a		3,527		36,857
Burlington Stores Inc.a		21,749		2,000,691
Cabela’s Inc.a		14,800		879,416
Caleres Inc.		12,550		348,639
Camping World Holdings Inc. Class Ab		3,622		111,739
CarMax Inc.a,b		56,670		3,573,610
Carvana Co.a,b		4,617		94,510
Cato Corp. (The) Class A		7,869		138,416
Chico’s FAS Inc.		37,531		353,542
Children’s Place Inc. (The)		5,225		533,473
Citi Trends Inc.		4,244		90,058
Conn’s Inc.a,b		7,893		150,756
Container Store Group Inc. (The)a,b		4,158		24,615
Dick’s Sporting Goods Inc.		26,701		1,063,501
DSW Inc. Class A		20,699		366,372
Express Inc.a		24,401		164,707
Finish Line Inc. (The) Class A		11,474		162,587
Five Below Inc.a		17,113		844,869
Floor & Decor Holdings Inc. Class Aa		3,124		122,648
Foot Locker Inc.		39,902		1,966,371
Francesca’s Holdings Corp.a		12,692		138,850
GameStop Corp. Class A		30,135		651,217
Gap Inc. (The)		73,669		1,619,981
Genesco Inc.a		5,966		202,247
GNC Holdings Inc. Class Ab		21,820		183,943
Group 1 Automotive Inc.		6,022		381,313
Guess? Inc.		17,077		218,244
Haverty Furniture Companies Inc.		5,357		134,461
Hibbett Sports Inc.a,b		7,578		157,244
Home Depot Inc. (The)		369,367		56,660,898
J. Jill Inc.a		6,319		77,661
Kirkland’s Inc.a		6,298		64,743
L Brands Inc.		73,697		3,971,531

Security	Shares		Value
Lithia Motors Inc. Class A		7,478	$	704,652
Lowe’s Companies Inc.		263,610		20,437,683
Lumber Liquidators Holdings Inc.a,b		7,840		196,470
MarineMax Inc.a		8,593		167,993
Michaels Companies Inc. (The)a		35,450		656,534
Monro Muffler Brake Inc.		9,817		409,860
Murphy USA Inc.a,b		11,130		824,844
O’Reilly Automotive Inc.a		27,430		6,000,038
Office Depot Inc.		162,109		914,295
Party City Holdco Inc.a,b		6,925		108,376
Penske Automotive Group Inc.		12,124		532,365
Pier 1 Imports Inc.		27,943		145,024
Rent-A-Center Inc./TX		16,289		190,907
RHa,b		10,410		671,653
Ross Stores Inc.		117,882		6,805,328
Sally Beauty Holdings Inc.a,b		41,495		840,274
Select Comfort Corp.a		12,745		452,320
Shoe Carnival Inc.		4,162		86,903
Signet Jewelers Ltd.b		21,248		1,343,724
Sonic Automotive Inc. Class A		8,517		165,656
Sportsman’s Warehouse Holdings Inc.a,b		8,555		46,197
Staples Inc.		198,282		1,996,700
Tailored Brands Inc.		14,677		163,795
Tiffany & Co.		33,675		3,161,072
Tile Shop Holdings Inc.		9,399		194,089
Tilly’s Inc. Class A		2,548		25,862
TJX Companies Inc. (The)		198,061		14,294,062
Tractor Supply Co.		39,469		2,139,614
Ulta Salon Cosmetics & Fragrance Inc.a		18,205		5,231,025
Urban Outfitters Inc.a,b		26,802		496,909
Vitamin Shoppe Inc.a,b		8,504		99,072
West Marine Inc.		4,189		53,829
Williams-Sonoma Inc.		27,100		1,314,350
Winmark Corp.		732		94,391
Zumiez Inc.a		6,338		78,274
				165,547,994
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 3.45%
3D Systems Corp.a,b		31,607		591,051
Apple Inc.		1,603,910		230,995,118

464

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
Avid Technology Inc.a,b		8,856	$	46,583
CPI Card Group Inc.		5,054		14,404
Cray Inc.a		11,371		209,226
Diebold Nixdorf Inc.		23,728		664,384
Eastman Kodak Co.a,b		5,114		46,537
Electronics For Imaging Inc.a,b		14,999		710,653
Hewlett Packard Enterprise Co.		509,300		8,449,287
HP Inc.		520,547		9,099,161
Immersion Corp.a,b		7,932		72,023
Intevac Inc.a,b		6,593		73,182
NCR Corp.a		36,456		1,488,863
NetApp Inc.		82,954		3,322,308
Pure Storage Inc. Class Aa,b		29,842		382,276
Quantum Corp.a		11,243		87,808
Stratasys Ltd.a,b		14,193		330,839
Super Micro Computer Inc.a		11,060		272,629
USA Technologies Inc.a,b		10,741		55,853
Western Digital Corp.		89,570		7,935,902
Xerox Corp.		70,388		2,022,247
				266,870,334
TEXTILES, APPAREL & LUXURY GOODS — 0.70%
Carter’s Inc.		15,107		1,343,768
Coach Inc.		86,114		4,076,637
Columbia Sportswear Co.		8,522		494,787
Crocs Inc.a		20,730		159,828
Culp Inc.		2,450		79,625
Deckers Outdoor Corp.a		9,862		673,180
Delta Apparel Inc.a,b		2,134		47,332
Fossil Group Inc.a,b		12,547		129,862
G-III Apparel Group Ltd.a		13,112		327,144
Hanesbrands Inc.		111,355		2,578,982
Iconix Brand Group Inc.a		14,685		101,473
Kate Spade & Co.a		40,756		753,579
lululemon athletica Inc.a,b		29,294		1,747,973
Michael Kors Holdings Ltd.a		46,593		1,688,996
Movado Group Inc.		5,130		129,533
NIKE Inc. Class B		406,168		23,963,912
Oxford Industries Inc.		5,376		335,946
Perry Ellis International Inc.a		3,384		65,853
PVH Corp.		23,805		2,725,673
Ralph Lauren Corp.		17,773		1,311,647
Sequential Brands Group Inc.a,b		9,717		38,771
Skechers U.S.A. Inc. Class Aa		40,906		1,206,727

Security	Shares		Value
Steven Madden Ltd.a		19,299	$	770,995
Superior Uniform Group Inc.		2,158		48,231
Under Armour Inc. Class Aa,b		55,064		1,198,193
Under Armour Inc. Class Ca,b		55,731		1,123,537
Unifi Inc.a		4,013		123,600
Vera Bradley Inc.a,b		5,636		55,120
VF Corp.		101,764		5,861,606
Wolverine World Wide Inc.		30,401		851,532
				54,014,042
THRIFTS & MORTGAGE FINANCE — 0.21%
ASB Bancorp. Inc.a		1,803		79,242
Astoria Financial Corp.		29,785		600,168
Bank Mutual Corp.		12,968		118,657
BankFinancial Corp.		6,059		90,400
Bear State Financial Inc.		3,899		36,885
Beneficial Bancorp. Inc.		19,558		293,370
BofI Holding Inc.a,b		19,076		452,483
BSB Bancorp. Inc./MAa		3,402		99,509
Capitol Federal Financial Inc.		37,306		530,118
Charter Financial Corp./MD		6,523		117,414
Clifton Bancorp. Inc.		7,506		124,074
Dime Community Bancshares Inc.		8,949		175,400
Entegra Financial Corp.a		1,913		43,521
ESSA Bancorp. Inc.		2,419		35,608
Essent Group Ltd.a		24,240		900,274
Federal Agricultural Mortgage Corp. Class C		2,989		193,388
First Defiance Financial Corp.		2,850		150,138
Flagstar Bancorp. Inc.a		5,648		174,071
Greene County Bancorp. Inc.		921		25,051
Hingham Institution for Savings		358		65,131
Home Bancorp. Inc.		1,763		74,963
HomeStreet Inc.a		8,012		221,732
IMPAC Mortgage Holdings Inc.a		3,855		58,326
Kearny Financial Corp./MD		26,547		394,223
LendingTree Inc.a		1,848		318,226
Malvern Bancorp. Inc.a,b		3,259		78,053
Meridian Bancorp. Inc.		15,386		260,023
Meta Financial Group Inc.		2,382		211,998
MGIC Investment Corp.a		114,774		1,285,469
Nationstar Mortgage Holdings Inc.a,b		8,519		152,405

465

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
New York Community Bancorp. Inc.		146,203	$	1,919,645
NMI Holdings Inc. Class Aa		14,614		167,330
Northfield Bancorp. Inc.		11,188		191,874
Northwest Bancshares Inc.		28,031		437,564
OceanFirst Financial Corp.		8,427		228,540
Oconee Federal Financial Corp.		2,814		78,201
Ocwen Financial Corp.a,b		29,831		80,245
Oritani Financial Corp.		13,021		222,008
PCSB Financial Corp.a,b		5,514		94,069
PennyMac Financial Services Inc. Class Aa,c		3,152		52,638
PHH Corp.a,b		18,514		254,938
Provident Bancorp. Inc.a		1,299		29,228
Provident Financial Holdings Inc.		1,993		38,365
Provident Financial Services Inc.		19,742		501,052
Prudential Bancorp. Inc.		4,392		79,759
Radian Group Inc.		63,848		1,043,915
Riverview Bancorp. Inc.		11,495		76,327
SI Financial Group Inc.		3,324		53,516
Southern Missouri Bancorp. Inc.		1,788		57,681
Territorial Bancorp. Inc.		3,177		99,091
TFS Financial Corp.		19,056		294,796
Timberland Bancorp. Inc./WA		3,357		84,831
TrustCo Bank Corp. NY		26,891		208,405
United Community Financial Corp./OH		11,456		95,199
United Financial Bancorp. Inc.		16,766		279,825
Walker & Dunlop Inc.a		9,302		454,217
Washington Federal Inc.		27,608		916,586
Waterstone Financial Inc.		9,674		182,355
Western New England Bancorp Inc.		4,724		47,949
WSFS Financial Corp.		9,329		423,070
				16,053,539
TOBACCO — 1.52%
Altria Group Inc.		593,986		44,234,137
Philip Morris International Inc.		477,049		56,029,405
Reynolds American Inc.		254,323		16,541,168
Turning Point Brands Inc.a		1,819		27,904
Universal Corp./VA		7,742		500,907

Security	Shares		Value
Vector Group Ltd.		27,639	$	589,264
				117,922,785
TRADING COMPANIES & DISTRIBUTORS — 0.32%
Air Lease Corp.		29,049		1,085,271
Aircastle Ltd.		14,276		310,503
Applied Industrial Technologies Inc.		11,580		683,799
Beacon Roofing Supply Inc.a		17,815		872,935
BMC Stock Holdings Inc.a		19,954		435,995
CAI International Inc.a		5,008		118,189
DXP Enterprises Inc./TXa		4,068		140,346
EnviroStar Inc.b		2,779		75,172
Fastenal Co.		89,455		3,893,976
Foundation Building Materials Inc.a		3,915		50,347
GATX Corp.b		11,841		761,021
GMS Inc.a		7,178		201,702
H&E Equipment Services Inc.		9,542		194,752
HD Supply Holdings Inc.a,b		62,276		1,907,514
Herc Holdings Inc.a		7,210		283,497
Huttig Building Products Inc.a		11,563		81,057
Kaman Corp.		7,639		380,957
Lawson Products Inc./DEa		1,712		37,921
MRC Global Inc.a		29,274		483,606
MSC Industrial Direct Co. Inc. Class A		13,405		1,152,294
Neff Corp.a		3,010		57,190
Nexeo Solutions Inc.a		9,471		78,609
NOW Inc.a,b		32,337		519,979
Rush Enterprises Inc. Class Aa		9,606		357,151
Rush Enterprises Inc. Class Ba		1,990		72,456
SiteOne Landscape Supply Inc.a		10,346		538,613
Textainer Group Holdings Ltd.		6,176		89,552
Titan Machinery Inc.a		4,983		89,594
Triton International Ltd.		13,368		447,026
United Rentals Inc.a		25,894		2,918,513
Univar Inc.a,b		31,731		926,545
Veritiv Corp.a,b		4,141		186,345
Watsco Inc.		9,276		1,430,359
WESCO International Inc.a		14,731		844,086
Willis Lease Finance Corp.a,b		1,259		33,653
WW Grainger Inc.		16,145		2,914,657
				24,655,182

466

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Security	Shares		Value
TRANSPORTATION INFRASTRUCTURE — 0.02%
Macquarie Infrastructure Corp.		23,432	$	1,837,069
				1,837,069
WATER UTILITIES — 0.11%
American States Water Co.		10,894		516,485
American Water Works Co. Inc.		54,750		4,267,762
Aqua America Inc.		54,039		1,799,499
AquaVenture Holdings Ltd.a		3,156		48,066
Artesian Resources Corp. Class A		2,230		83,937
Cadiz Inc.a,b		6,367		85,955
California Water Service Group		13,758		506,294
Connecticut Water Service Inc.		2,814		156,205
Consolidated Water Co. Ltd.		5,814		72,094
Global Water Resources Inc.		2,436		24,116
Middlesex Water Co.		4,385		173,646
Pure Cycle Corp.a,b		10,405		80,639
SJW Group		5,647		277,719
York Water Co. (The)		3,919		136,577
				8,228,994
WIRELESS TELECOMMUNICATION SERVICES — 0.11%
Boingo Wireless Inc.a		13,042		195,108
Shenandoah Telecommunications Co.		13,668		419,608
Spok Holdings Inc.		5,792		102,518
Sprint Corp.a,b		193,015		1,584,653
T-Mobile U.S. Inc.a		90,250		5,470,955
Telephone & Data Systems Inc.		29,823		827,588
U.S. Cellular Corp.a		4,020		154,047
				8,754,477
TOTAL COMMON STOCKS
(Cost: $5,693,198,264)				7,723,433,071

Security	Shares		Value
SHORT-TERM INVESTMENTS — 3.03%
MONEY MARKET FUNDS — 3.03%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%e,f,g		222,413,540	$	222,480,265
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%e,f		11,896,123		11,896,123
				234,376,388
TOTAL SHORT-TERM INVESTMENTS
(Cost: $234,341,523)				234,376,388
TOTAL INVESTMENTS IN SECURITIES — 102.77%
(Cost: $5,927,539,787)h				7,957,809,459
Other Assets, Less Liabilities — (2.77)%				(214,645,381	)
NET ASSETS — 100.00%			$	7,743,164,078

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated issuer. See Schedule 1.

^d  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^e  Affiliated money market fund.

^f  The rate quoted is the annualized seven-day yield of the fund at period end.

^g  All or a portion of this security represents an investment of securities lending collateral.

^h  The cost of investments for federal income tax purposes was $6,065,459,172. Net unrealized appreciation was $1,892,350,287, of which $2,329,811,003 represented gross unrealized appreciation on securities and $437,460,716 represented gross unrealized depreciation on securities.

467

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL 3000 ETF

June 30, 2017

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		37,422		1,195		(412	)		38,205	$	16,138,174	$	95,693	$	18,220
PennyMac Financial Services Inc. Class A		3,152		—		—			3,152		52,638		—		—
PennyMac Mortgage Investment Trust		18,974		—		—			18,974		347,034		8,918		—
PNC Financial Services Group Inc. (The)		149,731		4,590		(5,650	)		148,671		18,564,548		82,586		2,478
										$	35,102,394	$	187,197	$	20,698

Schedule 2 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
Russell 2000 Mini		35		Sep. 2017		ICE Markets Equity	$	2,473,247	$	2,475,025	$	1,778
S&P 500 E-Mini		131		Sep. 2017		Chicago Mercantile		15,921,190		15,856,895		(64,295	)
						Net unrealized depreciation					$	(62,517	)

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	7,723,259,283		$	80,430	$	93,358	$	7,723,433,071
Money market funds		234,376,388			—		—		234,376,388
Total	$	7,957,635,671		$	80,430	$	93,358	$	7,957,809,459
Derivative financial instrumentsa:
Assets:
Futures contracts	$	1,778		$	—	$	—	$	1,778
Liabilities:
Futures contracts		(64,295	)		—		—		(64,295	)
Total	$	(62,517	)	$	—	$	—	$	(62,517	)

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

468

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.72%
AEROSPACE & DEFENSE — 1.57%
Arconic Inc.		924,234	$	20,933,900
BWX Technologies Inc.		221,525		10,799,344
HEICO Corp.		59,698		4,288,704
HEICO Corp. Class A		113,889		7,066,812
Hexcel Corp.		213,924		11,293,048
Huntington Ingalls Industries Inc.		106,941		19,908,137
L3 Technologies Inc.		183,525		30,663,357
Orbital ATK Inc.		135,609		13,338,501
Rockwell Collins Inc.		383,766		40,326,131
Spirit AeroSystems Holdings Inc. Class A		285,400		16,536,076
Teledyne Technologies Inc.a		82,374		10,515,041
Textron Inc.		634,419		29,881,135
TransDigm Group Inc.		114,395		30,757,384
				246,307,570
AIR FREIGHT & LOGISTICS — 0.41%
CH Robinson Worldwide Inc.		331,473		22,765,566
Expeditors International of Washington Inc.		425,038		24,006,146
XPO Logistics Inc.a		260,993		16,867,977
				63,639,689
AIRLINES — 1.04%
Alaska Air Group Inc.		284,554		25,541,567
American Airlines Group Inc.		1,054,566		53,065,761
Copa Holdings SA Class A		73,490		8,598,330
JetBlue Airways Corp.a		788,721		18,006,500
Spirit Airlines Inc.a,b		164,052		8,473,286
United Continental Holdings Inc.a		665,348		50,067,437
				163,752,881
AUTO COMPONENTS — 0.99%
Adient PLCb		222,243		14,530,247
BorgWarner Inc.		500,254		21,190,759
Delphi Automotive PLC		633,652		55,539,598
Gentex Corp.		667,770		12,667,597
Goodyear Tire & Rubber Co. (The)		595,488		20,818,261
Lear Corp.		162,656		23,110,165
Visteon Corp.a		75,238		7,678,790
				155,535,417

Security	Shares		Value
AUTOMOBILES — 0.22%
Harley-Davidson Inc.		413,875	$	22,357,527
Thor Industries Inc.		116,623		12,189,436
				34,546,963
BANKS — 4.45%
Associated Banc-Corp.		357,787		9,016,232
Bank of Hawaii Corp.		99,553		8,259,912
Bank of the Ozarks Inc.		269,870		12,648,807
BankUnited Inc.		253,818		8,556,205
BOK Financial Corp.		58,982		4,962,156
CIT Group Inc.		478,785		23,316,829
Citizens Financial Group Inc.		1,199,491		42,797,839
Comerica Inc.		417,080		30,546,939
Commerce Bancshares Inc./MO		211,047		11,993,801
Cullen/Frost Bankers Inc.		134,048		12,588,448
East West Bancorp. Inc.		339,815		19,906,363
F.N.B. Corp.		759,022		10,747,752
Fifth Third Bancorp.		1,776,925		46,128,973
First Hawaiian Inc.		125,536		3,843,912
First Horizon National Corp.		546,726		9,523,967
First Republic Bank/CA		369,996		37,036,600
Huntington Bancshares Inc./OH		2,555,424		34,549,332
KeyCorp		2,583,165		48,408,512
M&T Bank Corp.		342,168		55,414,108
PacWest Bancorp.		284,496		13,285,963
People’s United Financial Inc.		809,289		14,292,044
Pinnacle Financial Partners Inc.		171,648		10,779,494
Popular Inc.		237,853		9,920,849
Prosperity Bancshares Inc.		156,770		10,070,905
Regions Financial Corp.		2,844,619		41,645,222
Signature Bank/New York NYa		127,724		18,332,226
SunTrust Banks Inc.		1,144,023		64,888,985
SVB Financial Groupa		123,988		21,795,850
Synovus Financial Corp.		286,121		12,657,993
TCF Financial Corp.		385,348		6,142,447
Webster Financial Corp.		216,427		11,301,818
Western Alliance Bancorp.a		230,286		11,330,071
Zions BanCorp.		473,801		20,804,602
				697,495,156
BEVERAGES — 0.65%
Brown-Forman Corp. Class A		133,698		6,591,311
Brown-Forman Corp. Class B		417,259		20,278,788
Dr Pepper Snapple Group Inc.		433,628		39,507,847

469

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Security	Shares		Value
Molson Coors Brewing Co. Class B		408,532	$	35,272,653
				101,650,599
BIOTECHNOLOGY — 1.57%
ACADIA Pharmaceuticals Inc.a,b		236,557		6,597,575
Agios Pharmaceuticals Inc.a,b		98,091		5,046,782
Alkermes PLCa,b		359,890		20,862,823
Alnylam Pharmaceuticals Inc.a,b		178,063		14,202,305
BioMarin Pharmaceutical Inc.a,b		412,569		37,469,516
Bioverativ Inc.a		256,052		15,406,649
Exelixis Inc.a		682,783		16,816,945
Incyte Corp.a		398,471		50,171,484
Intercept Pharmaceuticals Inc.a		40,357		4,886,022
Intrexon Corp.a,b		141,897		3,418,299
Ionis Pharmaceuticals Inc.a,b		291,761		14,841,882
Juno Therapeutics Inc.a,b		154,165		4,607,992
Neurocrine Biosciences Inc.a,b		206,424		9,495,504
OPKO Health Inc.a,b		793,978		5,224,375
Seattle Genetics Inc.a,b		226,058		11,696,241
TESARO Inc.a,b		87,686		12,263,764
United Therapeutics Corp.a		105,253		13,654,472
				246,662,630
BUILDING PRODUCTS — 0.86%
Allegion PLC		225,412		18,285,421
AO Smith Corp.		340,066		19,155,918
Armstrong World Industries Inc.a,b		104,146		4,790,716
Fortune Brands Home & Security Inc.		362,893		23,675,139
Lennox International Inc.		91,629		16,826,750
Masco Corp.		755,147		28,854,167
Owens Corning		262,196		17,546,156
USG Corp.a,b		215,576		6,256,016
				135,390,283
CAPITAL MARKETS — 3.14%
Affiliated Managers Group Inc.		133,451		22,134,183
Ameriprise Financial Inc.		360,341		45,867,806
BGC Partners Inc. Class A		540,495		6,831,857
CBOE Holdings Inc.		260,877		23,844,158
E*TRADE Financial Corp.a		651,434		24,774,035
Eaton Vance Corp. NVS		261,391		12,369,022
FactSet Research Systems Inc.		91,125		15,143,153
Federated Investors Inc. Class B NVS		220,876		6,239,747

Security	Shares		Value
Interactive Brokers Group Inc. Class A		156,570	$	5,858,849
Invesco Ltd.		949,943		33,428,494
Lazard Ltd. Class A		283,516		13,135,296
Legg Mason Inc.		204,165		7,790,936
LPL Financial Holdings Inc.		208,565		8,855,670
MarketAxess Holdings Inc.		86,685		17,432,354
Moody’s Corp.		393,282		47,854,554
Morningstar Inc.		43,968		3,444,453
MSCI Inc.		210,114		21,639,641
Nasdaq Inc.		269,508		19,267,127
Northern Trust Corp.		494,464		48,066,845
Raymond James Financial Inc.		303,879		24,377,173
SEI Investments Co.		321,418		17,285,860
T Rowe Price Group Inc.		556,991		41,334,302
TD Ameritrade Holding Corp.		600,108		25,798,643
				492,774,158
CHEMICALS — 2.00%
Albemarle Corp.		260,870		27,532,220
Ashland Global Holdings Inc.		146,366		9,646,983
Axalta Coating Systems Ltd.a		502,328		16,094,589
Cabot Corp.		144,406		7,715,613
Celanese Corp. Series A		329,607		31,292,889
CF Industries Holdings Inc.		551,156		15,410,322
Chemours Co. (The)		436,669		16,558,489
Eastman Chemical Co.		344,392		28,925,484
FMC Corp.		316,206		23,098,848
Huntsman Corp.		474,522		12,261,649
International Flavors & Fragrances Inc.		186,886		25,229,610
Mosaic Co. (The)		830,462		18,959,447
NewMarket Corp.		17,430		8,026,166
Olin Corp.		389,650		11,798,602
Platform Specialty Products Corp.a,b		522,628		6,626,923
RPM International Inc.		309,907		16,905,427
Scotts Miracle-Gro Co. (The) Class A		103,789		9,284,964
Valvoline Inc.		483,456		11,467,576
Westlake Chemical Corp.		84,100		5,568,261
WR Grace & Co.		161,028		11,595,626
				313,999,688

470

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Security	Shares		Value
COMMERCIAL SERVICES & SUPPLIES — 0.81%
Cintas Corp.		203,226	$	25,614,605
Clean Harbors Inc.a,b		128,868		7,194,700
Copart Inc.a,b		469,209		14,916,154
KAR Auction Services Inc.		323,942		13,595,846
Pitney Bowes Inc.		440,134		6,646,023
Republic Services Inc.		543,946		34,665,679
Rollins Inc.		225,904		9,196,552
Stericycle Inc.a,b		195,247		14,901,251
				126,730,810
COMMUNICATIONS EQUIPMENT — 1.30%
Arista Networks Inc.a,b		125,071		18,734,385
ARRIS International PLCa		426,220		11,942,684
Brocade Communications Systems Inc.		959,355		12,097,467
CommScope Holding Co. Inc.a,b		451,207		17,159,402
EchoStar Corp. Class Aa		112,514		6,829,600
F5 Networks Inc.a		153,191		19,464,449
Harris Corp.		288,166		31,433,147
Juniper Networks Inc.		884,040		24,647,035
Motorola Solutions Inc.		386,756		33,547,215
Palo Alto Networks Inc.a		210,454		28,160,850
				204,016,234
CONSTRUCTION & ENGINEERING — 0.40%
AECOMa		366,816		11,859,162
Fluor Corp.		330,414		15,126,353
Jacobs Engineering Group Inc.		282,521		15,366,317
Quanta Services Inc.a		359,011		11,818,642
Valmont Industries Inc.		52,302		7,824,379
				61,994,853
CONSTRUCTION MATERIALS — 0.53%
Eagle Materials Inc.		110,850		10,244,757
Martin Marietta Materials Inc.		148,467		33,045,785
Vulcan Materials Co.		310,775		39,368,977
				82,659,519
CONSUMER FINANCE — 1.10%
Ally Financial Inc.		1,089,130		22,762,817
Credit Acceptance Corp.a,b		26,427		6,795,439
Discover Financial Services		896,666		55,763,659
Navient Corp.		668,331		11,127,711
OneMain Holdings Inc.a,b		130,014		3,197,044
Santander Consumer USA Holdings Inc.a		349,140		4,455,026

Security	Shares		Value
SLM Corp.a		1,018,730	$	11,715,395
Synchrony Financial		1,923,812		57,368,074
				173,185,165
CONTAINERS & PACKAGING — 1.81%
AptarGroup Inc.		144,652		12,564,473
Ardagh Group SA		43,732		988,780
Avery Dennison Corp.		208,662		18,439,461
Ball Corp.		818,701		34,557,369
Bemis Co. Inc.		216,106		9,994,902
Berry Global Group Inc.a		306,104		17,450,989
Crown Holdings Inc.a		310,204		18,506,771
Graphic Packaging Holding Co.		731,941		10,086,147
International Paper Co.		974,451		55,163,671
Owens-Illinois Inc.a		383,501		9,173,344
Packaging Corp. of America		220,811		24,596,137
Sealed Air Corp.		460,067		20,592,599
Silgan Holdings Inc.		183,715		5,838,463
Sonoco Products Co.		231,597		11,908,718
WestRock Co.		587,371		33,280,441
				283,142,265
DISTRIBUTORS — 0.42%
Genuine Parts Co.		339,974		31,535,988
LKQ Corp.a		725,662		23,910,563
Pool Corp.		94,925		11,160,332
				66,606,883
DIVERSIFIED CONSUMER SERVICES — 0.37%
Bright Horizons Family Solutions Inc.a		119,479		9,224,973
Graham Holdings Co. Class B		10,663		6,394,068
H&R Block Inc.		489,234		15,122,223
Service Corp. International/U.S.		429,495		14,366,608
ServiceMaster Global Holdings Inc.a,b		317,467		12,441,532
				57,549,404
DIVERSIFIED FINANCIAL SERVICES — 0.23%
Leucadia National Corp.		764,747		20,005,781
Voya Financial Inc.		440,165		16,237,687
				36,243,468
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.55%
CenturyLink Inc.		1,277,840		30,514,819
Level 3 Communications Inc.a		698,665		41,430,835
Zayo Group Holdings Inc.a		439,358		13,576,162
				85,521,816

471

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Security	Shares		Value
ELECTRIC UTILITIES — 2.51%
Alliant Energy Corp.		539,115	$	21,656,250
Avangrid Inc.		134,102		5,920,603
Edison International		751,582		58,766,197
Entergy Corp.		424,846		32,615,427
Eversource Energy		750,560		45,566,498
FirstEnergy Corp.		1,050,776		30,640,628
Great Plains Energy Inc.		509,495		14,918,014
Hawaiian Electric Industries Inc.		265,042		8,582,060
OGE Energy Corp.		471,623		16,407,764
Pinnacle West Capital Corp.		262,877		22,386,605
PPL Corp.		1,621,076		62,670,798
Westar Energy Inc.		335,165		17,770,448
Xcel Energy Inc.		1,202,243		55,158,909
				393,060,201
ELECTRICAL EQUIPMENT — 0.91%
Acuity Brands Inc.b		103,558		21,051,270
AMETEK Inc.		536,914		32,520,881
Hubbell Inc.		128,939		14,592,026
Regal Beloit Corp.		105,227		8,581,262
Rockwell Automation Inc.		303,797		49,202,962
Sensata Technologies Holding NVa,b		399,969		17,086,676
				143,035,077
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.57%
Amphenol Corp. Class A		706,995		52,190,371
Arrow Electronics Inc.a,b		209,036		16,392,603
Avnet Inc.		294,047		11,432,547
CDW Corp./DE		362,494		22,666,750
Cognex Corp.		196,094		16,648,381
Coherent Inc.a		57,755		12,994,297
Dolby Laboratories Inc. Class A		125,489		6,143,941
FLIR Systems Inc.		321,198		11,132,723
IPG Photonics Corp.a,b		84,901		12,319,135
Jabil Inc.		420,702		12,280,291
Keysight Technologies Inc.a		436,394		16,988,818
National Instruments Corp.		251,593		10,119,071
Trimble Inc.a		592,324		21,128,197
Universal Display Corp.b		98,292		10,738,401
Zebra Technologies Corp. Class Aa,b		123,530		12,417,236
				245,592,762

Security	Shares		Value
ENERGY EQUIPMENT & SERVICES — 0.88%
Baker Hughes Inc.		1,006,378	$	54,857,665
Helmerich & Payne Inc.		246,727		13,407,145
Nabors Industries Ltd.		679,073		5,527,654
National Oilwell Varco Inc.		899,796		29,639,280
Oceaneering International Inc.		240,913		5,502,453
Patterson-UTI Energy Inc.		492,205		9,937,619
RPC Inc.b		143,611		2,902,379
Transocean Ltd.a		927,191		7,630,782
Weatherford International PLCa,b		2,085,698		8,071,651
				137,476,628
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 9.52%
Alexandria Real Estate Equities Inc.b		212,836		25,640,353
American Campus Communities Inc.		316,160		14,954,368
American Homes 4 Rent Class A		535,327		12,082,330
Apartment Investment & Management Co. Class A		368,928		15,852,836
Apple Hospitality REIT Inc.b		496,114		9,282,293
AvalonBay Communities Inc.b		325,746		62,598,609
Boston Properties Inc.		364,361		44,823,690
Brandywine Realty Trust		423,818		7,429,530
Brixmor Property Group Inc.b		684,894		12,245,905
Camden Property Trust		203,721		17,420,183
Colony NorthStar Inc. Class A		1,271,956		17,921,860
Columbia Property Trust Inc.		289,227		6,472,900
CoreCivic Inc.		288,353		7,952,776
CoreSite Realty Corp.		80,136		8,296,480
Corporate Office Properties Trustb		233,520		8,180,206
CubeSmart		425,354		10,225,510
CyrusOne Inc.b		204,729		11,413,642
DCT Industrial Trust Inc.		217,731		11,635,545
DDR Corp.b		766,358		6,950,867
Digital Realty Trust Inc.b		377,600		42,649,920
Douglas Emmett Inc.b		347,819		13,290,164
Duke Realty Corp.		840,597		23,494,686
DuPont Fabros Technology Inc.b		183,026		11,193,870
Empire State Realty Trust Inc. Class Ab		300,547		6,242,361
EPR Propertiesb		148,298		10,658,177

472

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Security	Shares		Value
Equity Commonwealtha,b		284,625	$	8,994,150
Equity Lifestyle Properties Inc.b		190,001		16,404,686
Essex Property Trust Inc.		154,553		39,761,850
Extra Space Storage Inc.b		287,754		22,444,812
Federal Realty Investment Trust		170,079		21,496,285
Forest City Realty Trust Inc. Class A		540,528		13,064,562
Gaming and Leisure Properties Inc.		471,093		17,746,073
GGP Inc.b		1,451,084		34,187,539
HCP Inc.		1,110,423		35,489,119
Healthcare Trust of America Inc. Class Ab		463,991		14,434,760
Highwoods Properties Inc.		238,850		12,112,084
Hospitality Properties Trust		361,166		10,527,989
Host Hotels & Resorts Inc.		1,726,553		31,544,123
Hudson Pacific Properties Inc.		369,080		12,618,845
Invitation Homes Inc.b		220,687		4,773,460
Iron Mountain Inc.b		620,457		21,318,903
Kilroy Realty Corp.		227,995		17,133,824
Kimco Realty Corp.		976,297		17,915,050
Lamar Advertising Co. Class Ab		195,785		14,403,902
Liberty Property Trustb		347,674		14,153,809
Life Storage Inc.b		108,220		8,019,102
Macerich Co. (The)		323,383		18,775,617
Medical Properties Trust Inc.b		855,442		11,009,539
Mid-America Apartment Communities Inc.		267,917		28,233,093
National Retail Properties Inc.b		359,652		14,062,393
Omega Healthcare Investors Inc.b		463,939		15,319,266
Outfront Media Inc.		340,601		7,874,695
Paramount Group Inc.b		445,775		7,132,400
Park Hotels & Resorts Inc.		288,291		7,772,325
Piedmont Office Realty Trust Inc. Class Ab		342,291		7,215,494
Prologis Inc.		1,247,306		73,142,024
Rayonier Inc.		313,610		9,022,560
Realty Income Corp.b		645,994		35,645,949
Regency Centers Corp.b		352,530		22,082,479
Retail Properties of America Inc. Class A		586,053		7,155,707
SBA Communications Corp.a		283,987		38,309,846

Security	Shares		Value
Senior Housing Properties Trust		564,454	$	11,537,440
SL Green Realty Corp.b		234,494		24,809,465
Spirit Realty Capital Inc.		1,143,538		8,473,617
STORE Capital Corp.b		402,985		9,047,013
Sun Communities Inc.b		169,165		14,834,079
Tanger Factory Outlet Centers Inc.b		229,193		5,954,434
Taubman Centers Inc.b		139,405		8,301,568
UDR Inc.		627,382		24,449,077
Uniti Group Inc.a		391,044		9,830,846
Ventas Inc.		839,035		58,296,152
VEREIT Inc.		2,309,628		18,800,372
Vornado Realty Trust		406,767		38,195,421
Weingarten Realty Investors		283,651		8,537,895
Welltower Inc.		867,342		64,920,549
Weyerhaeuser Co.		1,765,701		59,150,983
WP Carey Inc.		249,392		16,462,366
				1,491,808,652
FOOD & STAPLES RETAILING — 0.41%
Casey’s General Stores Inc.		92,121		9,867,080
Rite Aid Corp.a,b		2,554,151		7,534,746
Sprouts Farmers Market Inc.a,b		317,588		7,199,720
U.S. Foods Holding Corp.a		316,317		8,610,149
Whole Foods Market Inc.		748,713		31,528,304
				64,739,999
FOOD PRODUCTS — 2.42%
Blue Buffalo Pet Products Inc.a,b		220,780		5,035,992
Bunge Ltd.		331,828		24,754,369
Campbell Soup Co.		422,938		22,056,217
Conagra Brands Inc.		958,732		34,284,256
Flowers Foods Inc.		425,669		7,368,330
Hain Celestial Group Inc. (The)a		240,416		9,332,949
Hershey Co. (The)		329,764		35,406,761
Hormel Foods Corp.		636,917		21,725,239
Ingredion Inc.		168,617		20,100,833
JM Smucker Co. (The)		266,670		31,555,061
Kellogg Co.		586,240		40,720,230
Lamb Weston Holdings Inc.		345,969		15,236,475
McCormick & Co. Inc./MD NVS		268,539		26,185,238
Pilgrim’s Pride Corp.a,b		125,039		2,740,855
Pinnacle Foods Inc.		279,313		16,591,192
Post Holdings Inc.a		153,345		11,907,239
Seaboard Corp.		627		2,504,865

473

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Security	Shares		Value
TreeHouse Foods Inc.a,b		130,441	$	10,655,725
Tyson Foods Inc. Class A		659,199		41,285,633
				379,447,459
GAS UTILITIES — 0.32%
Atmos Energy Corp.		243,645		20,210,353
National Fuel Gas Co.		183,883		10,268,027
UGI Corp.		408,638		19,782,165
				50,260,545
HEALTH CARE EQUIPMENT & SUPPLIES — 3.07%
ABIOMED Inc.a,b		95,675		13,710,227
Alere Inc.a,b		203,229		10,200,063
Align Technology Inc.a		187,863		28,201,994
Cooper Companies Inc. (The)		114,306		27,367,142
CR Bard Inc.		171,646		54,259,017
DENTSPLY SIRONA Inc.		533,113		34,567,047
DexCom Inc.a,b		202,134		14,786,102
Edwards Lifesciences Corp.a		494,491		58,468,616
Hill-Rom Holdings Inc.		155,398		12,371,235
Hologic Inc.a		659,194		29,914,224
IDEXX Laboratories Inc.a		206,311		33,302,722
ResMed Inc.		329,899		25,689,235
STERIS PLC		197,820		16,122,330
Teleflex Inc.		106,438		22,113,559
Varian Medical Systems Inc.a,b		217,421		22,435,673
West Pharmaceutical Services Inc.		173,069		16,358,482
Zimmer Biomet Holdings Inc.		477,656		61,331,030
				481,198,698
HEALTH CARE PROVIDERS & SERVICES — 2.45%
Acadia Healthcare Co. Inc.a,b		180,011		8,888,943
AmerisourceBergen Corp.		375,876		35,531,558
Brookdale Senior Living Inc.a,b		456,220		6,710,996
Cardinal Health Inc.		748,153		58,296,082
Centene Corp.a		402,192		32,127,097
DaVita Inc.a		368,291		23,850,525
Envision Healthcare Corp.a		274,931		17,229,926
Henry Schein Inc.a		186,975		34,220,165
Laboratory Corp. of America Holdingsa		241,581		37,237,295
LifePoint Health Inc.a,b		91,728		6,159,535
MEDNAX Inc.a,b		215,583		13,014,746
Patterson Companies Inc.		195,375		9,172,856
Premier Inc.a,b		112,641		4,055,076

Security	Shares		Value
Quest Diagnostics Inc.		323,578	$	35,968,931
Universal Health Services Inc. Class B		205,134		25,042,759
VCA Inc.a		184,967		17,074,304
WellCare Health Plans Inc.a		105,147		18,880,195
				383,460,989
HEALTH CARE TECHNOLOGY — 0.47%
athenahealth Inc.a,b		93,237		13,104,460
Cerner Corp.a,b		680,842		45,255,568
Veeva Systems Inc. Class Aa,b		253,253		15,526,942
				73,886,970
HOTELS, RESTAURANTS & LEISURE — 2.57%
Aramark		573,905		23,518,627
Chipotle Mexican Grill Inc.a,b		59,787		24,877,371
Choice Hotels International Inc.		80,791		5,190,822
Darden Restaurants Inc.		292,842		26,484,630
Domino’s Pizza Inc.		113,356		23,978,195
Dunkin’ Brands Group Inc.		217,681		11,998,577
Extended Stay America Inc.		390,839		7,566,643
Hilton Grand Vacations Inc.a		128,184		4,622,315
Hilton Worldwide Holdings Inc.		455,763		28,188,942
Hyatt Hotels Corp. Class Aa		80,390		4,518,722
International Game Technology PLC		231,077		4,228,709
MGM Resorts International		1,195,525		37,407,977
Norwegian Cruise Line Holdings Ltd.a		378,948		20,573,087
Panera Bread Co. Class Aa		50,057		15,749,934
Royal Caribbean Cruises Ltd.		406,130		44,361,580
Six Flags Entertainment Corp.		168,299		10,032,303
Vail Resorts Inc.		93,712		19,007,605
Wendy’s Co. (The)		435,798		6,759,227
Wyndham Worldwide Corp.		241,574		24,256,445
Wynn Resorts Ltd.		188,941		25,340,767
Yum China Holdings Inc.a		872,670		34,409,378
				403,071,856
HOUSEHOLD DURABLES — 1.81%
CalAtlantic Group Inc.		166,724		5,893,693
DR Horton Inc.		807,418		27,912,440
Garmin Ltd.		276,956		14,133,065
Leggett & Platt Inc.		312,044		16,391,671
Lennar Corp. Class A		471,336		25,131,636
Lennar Corp. Class B		24,357		1,095,334

474

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Security	Shares		Value
Mohawk Industries Inc.a		146,357	$	35,373,023
Newell Brands Inc.		1,135,848		60,904,170
NVR Inc.a		7,828		18,870,255
PulteGroup Inc.		688,740		16,894,792
Tempur Sealy International Inc.a,b		109,551		5,848,928
Toll Brothers Inc.		358,390		14,159,989
Tupperware Brands Corp.		119,667		8,404,214
Whirlpool Corp.		171,180		32,801,512
				283,814,722
HOUSEHOLD PRODUCTS — 0.54%
Church & Dwight Co. Inc.		588,994		30,557,009
Clorox Co. (The)		305,379		40,688,698
Energizer Holdings Inc.		144,623		6,944,796
Spectrum Brands Holdings Inc.		57,847		7,233,189
				85,423,692
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.32%
AES Corp./VA		1,562,161		17,355,609
Calpine Corp.a,b		849,633		11,495,534
NRG Energy Inc.		707,653		12,185,785
Vistra Energy Corp.		570,426		9,577,452
				50,614,380
INDUSTRIAL CONGLOMERATES — 0.44%
Carlisle Companies Inc.		149,791		14,290,062
Roper Technologies Inc.		237,889		55,078,440
				69,368,502
INSURANCE — 4.59%
Alleghany Corp.a		32,694		19,446,391
Allied World Assurance Co. Holdings AG		201,509		10,659,826
American Financial Group Inc./OH		166,027		16,498,103
American National Insurance Co.		18,191		2,119,070
Arch Capital Group Ltd.a		272,221		25,395,497
Arthur J Gallagher & Co.		420,541		24,075,972
Aspen Insurance Holdings Ltd.		140,442		7,001,034
Assurant Inc.		129,166		13,393,223
Assured Guaranty Ltd.		283,859		11,848,275
Athene Holding Ltd. Class Aa,b		108,491		5,382,238
Axis Capital Holdings Ltd.		196,896		12,731,295
Brown & Brown Inc.		277,215		11,939,650
Cincinnati Financial Corp.		363,852		26,361,077

Security	Shares		Value
CNA Financial Corp.		66,791	$	3,256,061
Erie Indemnity Co. Class A		60,240		7,534,217
Everest Re Group Ltd.		95,993		24,438,858
First American Financial Corp.		254,682		11,381,739
FNF Group		619,135		27,755,822
Hanover Insurance Group Inc. (The)		100,279		8,887,728
Hartford Financial Services Group Inc. (The)		864,032		45,422,162
Lincoln National Corp.		529,807		35,804,357
Loews Corp.		658,251		30,812,729
Markel Corp.a		32,241		31,462,702
Mercury General Corp.		67,229		3,630,366
Old Republic International Corp.		576,279		11,254,729
Principal Financial Group Inc.		630,647		40,405,553
ProAssurance Corp.		124,692		7,581,274
Progressive Corp. (The)		1,371,385		60,464,365
Reinsurance Group of America Inc.		151,754		19,483,696
RenaissanceRe Holdings Ltd.		93,258		12,967,525
Torchmark Corp.		272,759		20,866,063
Unum Group		539,868		25,174,045
Validus Holdings Ltd.		182,312		9,474,755
White Mountains Insurance Group Ltd.b		10,480		9,103,242
Willis Towers Watson PLC		299,318		43,538,796
WR Berkley Corp.		225,056		15,567,124
XL Group Ltd.		603,140		26,417,532
				719,537,091
INTERNET & DIRECT MARKETING RETAIL — 0.64%
Expedia Inc.		287,068		42,758,778
Liberty Expedia Holdings Inc. Class Aa		131,886		7,124,482
Liberty Interactive Corp. QVC Group Series Aa		975,663		23,942,770
Liberty Ventures Series Aa		188,249		9,843,540
TripAdvisor Inc.a,b		260,330		9,944,606
Wayfair Inc. Class Aa,b		90,652		6,969,326
				100,583,502
INTERNET SOFTWARE & SERVICES — 0.96%
Akamai Technologies Inc.a		398,691		19,858,799
CoStar Group Inc.a,b		75,903		20,008,031
GoDaddy Inc. Class Aa,b		185,025		7,848,761

475

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Security	Shares		Value
IAC/InterActiveCorpa		164,930	$	17,027,373
LogMeIn Inc.		122,527		12,804,071
Match Group Inc.a,b		71,417		1,241,227
Pandora Media Inc.a,b		544,781		4,859,447
Twitter Inc.a,b		1,594,747		28,498,129
VeriSign Inc.a,b		207,490		19,288,270
Zillow Group Inc. Class Aa,b		126,970		6,201,215
Zillow Group Inc. Class Ca,b		248,591		12,183,445
				149,818,768
IT SERVICES — 3.94%
Alliance Data Systems Corp.		114,781		29,463,135
Amdocs Ltd.		343,709		22,155,482
Black Knight Financial Services Inc. Class Aa,b		56,982		2,333,413
Booz Allen Hamilton Holding Corp.		345,776		11,251,551
Broadridge Financial Solutions Inc.		276,964		20,927,400
Conduent Inc.a		448,191		7,144,165
CoreLogic Inc./U.S.a		199,629		8,659,906
CSRA Inc.		382,596		12,147,423
DST Systems Inc.		144,652		8,925,028
DXC Technology Co.		669,764		51,384,294
Euronet Worldwide Inc.a		118,552		10,357,888
Fidelity National Information Services Inc.		777,694		66,415,068
First Data Corp. Class Aa		873,041		15,889,346
Fiserv Inc.a		501,617		61,367,824
FleetCor Technologies Inc.a,b		217,088		31,306,260
Gartner Inc.a		207,109		25,580,033
Genpact Ltd.		318,671		8,868,614
Global Payments Inc.		359,007		32,425,512
Jack Henry & Associates Inc.		182,985		19,006,652
Leidos Holdings Inc.		333,951		17,261,927
Paychex Inc.		760,737		43,316,365
Sabre Corp.		492,111		10,713,256
Square Inc. Class Aa,b		524,593		12,306,952
Teradata Corp.a,b		305,297		9,003,209
Total System Services Inc.		428,981		24,988,143
Vantiv Inc. Class Aa		379,575		24,042,281
Western Union Co. (The)		1,115,254		21,245,589
WEX Inc.a,b		92,598		9,655,193
				618,141,909

Security	Shares		Value
LEISURE PRODUCTS — 0.47%
Brunswick Corp./DE		210,333	$	13,194,189
Hasbro Inc.		268,488		29,939,097
Mattel Inc.		810,864		17,457,902
Polaris Industries Inc.b		139,262		12,844,134
				73,435,322
LIFE SCIENCES TOOLS & SERVICES — 1.82%
Agilent Technologies Inc.		763,249		45,268,298
Bio-Rad Laboratories Inc. Class Aa		49,544		11,212,303
Bio-Techne Corp.		87,300		10,257,750
Bruker Corp.		246,954		7,122,153
Charles River Laboratories International Inc.a		111,285		11,256,478
Illumina Inc.a		344,749		59,820,847
Mettler-Toledo International Inc.a		59,889		35,247,072
Patheon NVa,b		79,941		2,788,342
PerkinElmer Inc.		258,724		17,629,453
QIAGEN NV		542,038		18,174,534
Quintiles IMS Holdings Inc.a		299,526		26,807,577
VWR Corp.a		193,241		6,378,886
Waters Corp.a		180,231		33,133,667
				285,097,360
MACHINERY — 4.28%
AGCO Corp.		157,481		10,612,645
Allison Transmission Holdings Inc.		315,586		11,837,631
Colfax Corp.a,b		208,942		8,226,047
Crane Co.		118,005		9,367,237
Cummins Inc.		375,972		60,990,178
Donaldson Co. Inc.		315,667		14,375,475
Dover Corp.		365,887		29,351,455
Flowserve Corp.		308,487		14,323,051
Fortive Corp.		726,445		46,020,291
Gardner Denver Holdings Inc.a		98,000		2,117,780
Graco Inc.		130,214		14,229,786
IDEX Corp.		180,457		20,393,446
Ingersoll-Rand PLC		605,211		55,310,233
ITT Inc.		209,735		8,427,152
Lincoln Electric Holdings Inc.		138,920		12,793,143
Middleby Corp. (The)a,b		133,815		16,259,861
Nordson Corp.		135,923		16,490,178
Oshkosh Corp.		176,124		12,131,421
PACCAR Inc.		811,510		53,592,120
Parker-Hannifin Corp.		312,900		50,007,678
Pentair PLC		391,871		26,075,096

476

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Security	Shares		Value
Snap-on Inc.		136,101	$	21,503,958
Stanley Black & Decker Inc.		361,908		50,931,313
Terex Corp.		213,217		7,995,637
Timken Co. (The)		163,319		7,553,504
Toro Co. (The)		249,160		17,264,296
Trinity Industries Inc.		355,084		9,953,004
WABCO Holdings Inc.a,b		119,623		15,253,129
Wabtec Corp./DEb		202,580		18,536,070
Welbilt Inc.a,b		312,915		5,898,448
Xylem Inc./NY		423,902		23,496,888
				671,318,151
MARINE — 0.05%
Kirby Corp.a,b		125,896		8,416,148
				8,416,148
MEDIA — 1.99%
AMC Networks Inc. Class Aa,b		126,744		6,769,397
Cable One Inc.		11,100		7,890,990
Cinemark Holdings Inc.		251,111		9,755,662
Discovery Communications Inc. Class Aa,b		358,088		9,249,413
Discovery Communications Inc. Class C NVSa		495,518		12,492,009
Interpublic Group of Companies Inc. (The)		931,302		22,910,029
John Wiley & Sons Inc. Class A		108,937		5,746,427
Liberty Broadband Corp. Class Aa,b		62,272		5,342,315
Liberty Broadband Corp. Class Ca		245,683		21,313,000
Liberty Media Corp.-Liberty Formula One Class Aa		58,442		2,047,223
Liberty Media Corp.-Liberty Formula One Class Ca		250,978		9,190,814
Liberty Media Corp.-Liberty SiriusXM Class Aa		210,167		8,822,811
Liberty Media Corp.-Liberty SiriusXM Class Ca		422,468		17,616,916
Lions Gate Entertainment Corp. Class A		115,682		3,264,546
Lions Gate Entertainment Corp. Class Ba,b		234,057		6,151,018
Live Nation Entertainment Inc.a,b		316,520		11,030,722
Madison Square Garden Co. (The)a,b		43,476		8,560,424
News Corp. Class A		900,720		12,339,864
News Corp. Class B		299,226		4,234,048

Security	Shares		Value
Omnicom Group Inc.		546,779	$	45,327,979
Regal Entertainment Group Class A		266,424		5,451,035
Scripps Networks Interactive Inc. Class A		207,055		14,143,927
Sirius XM Holdings Inc.b		3,487,116		19,074,525
TEGNA Inc.		507,397		7,311,591
Tribune Media Co. Class A		171,414		6,988,549
Viacom Inc. Class Ab		25,048		953,076
Viacom Inc. Class B NVS		831,243		27,904,828
				311,883,138
METALS & MINING — 1.30%
Alcoa Corp.		436,977		14,267,299
Freeport-McMoRan Inc.a		3,204,528		38,486,381
Newmont Mining Corp.		1,263,648		40,929,559
Nucor Corp.		755,260		43,706,896
Reliance Steel & Aluminum Co.		167,300		12,181,113
Royal Gold Inc.		153,693		12,014,182
Southern Copper Corp.		193,759		6,709,874
Steel Dynamics Inc.		549,904		19,692,062
Tahoe Resources Inc.		741,534		6,392,023
U.S. Steel Corp.b		412,040		9,122,566
				203,501,955
MORTGAGE REAL ESTATE INVESTMENT — 0.61%
AGNC Investment Corp.		833,003		17,734,634
Annaly Capital Management Inc.		2,407,488		29,010,231
Chimera Investment Corp.b		442,681		8,247,147
MFA Financial Inc.		910,920		7,642,619
New Residential Investment Corp.b		725,413		11,287,426
Starwood Property Trust Inc.b		602,607		13,492,371
Two Harbors Investment Corp.		818,329		8,109,640
				95,524,068
MULTI-UTILITIES — 2.69%
Ameren Corp.		573,633		31,360,516
CenterPoint Energy Inc.		1,020,591		27,943,782
CMS Energy Corp.		661,181		30,579,621
Consolidated Edison Inc.		724,502		58,554,252
DTE Energy Co.		423,391		44,790,534
MDU Resources Group Inc.		459,047		12,027,031
NiSource Inc.		767,652		19,467,655
Public Service Enterprise Group Inc.		1,196,556		51,463,874
SCANA Corp.		311,091		20,846,208

477

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Security	Shares		Value
Sempra Energy		594,398	$	67,018,374
Vectren Corp.		196,542		11,485,914
WEC Energy Group Inc.		747,435		45,877,560
				421,415,321
MULTILINE RETAIL — 0.83%
Dollar General Corp.		651,760		46,985,378
Dollar Tree Inc.a		544,987		38,105,491
Kohl’s Corp.		406,053		15,702,070
Macy’s Inc.		721,969		16,778,560
Nordstrom Inc.		276,253		13,213,181
				130,784,680
OIL, GAS & CONSUMABLE FUELS — 4.60%
Antero Resources Corp.a,b		545,211		11,782,010
Apache Corp.		901,082		43,188,860
Cabot Oil & Gas Corp.		1,088,629		27,302,815
Centennial Resource Development Inc./DE Class Aa		261,649		4,139,287
Cheniere Energy Inc.a,b		482,894		23,521,767
Chesapeake Energy Corp.a,b		2,138,278		10,627,242
Cimarex Energy Co.		221,850		20,856,119
Concho Resources Inc.a		348,657		42,372,285
CONSOL Energy Inc.a		560,250		8,370,135
Continental Resources Inc./OKa,b		213,658		6,907,563
Devon Energy Corp.		1,243,532		39,755,718
Diamondback Energy Inc.a,b		231,899		20,594,950
Energen Corp.a		229,384		11,324,688
EQT Corp.b		408,835		23,953,643
Extraction Oil & Gas Inc.a,b		284,259		3,823,284
Gulfport Energy Corp.a		393,299		5,801,160
Hess Corp.		669,636		29,376,931
HollyFrontier Corp.		403,295		11,078,514
Kosmos Energy Ltd.a,b		388,724		2,491,721
Laredo Petroleum Inc.a,b		353,839		3,722,386
Marathon Oil Corp.		2,008,922		23,805,726
Marathon Petroleum Corp.		1,217,982		63,736,998
Murphy Oil Corp.		385,420		9,878,315
Newfield Exploration Co.a,b		470,376		13,386,901
Noble Energy Inc.		1,139,293		32,241,992
ONEOK Inc.		496,003		25,871,516
Parsley Energy Inc. Class Aa,b		545,833		15,146,866
PBF Energy Inc. Class A		269,670		6,002,854
QEP Resources Inc.a		588,355		5,942,386
Range Resources Corp.		539,860		12,508,556

Security	Shares		Value
Rice Energy Inc.a,b		259,433	$	6,908,701
RSP Permian Inc.a,b		310,371		10,015,672
SM Energy Co.b		238,655		3,944,967
Southwestern Energy Co.a		1,208,821		7,349,632
Targa Resources Corp.		461,032		20,838,646
Tesoro Corp.		362,808		33,958,829
Whiting Petroleum Corp.a,b		850,487		4,686,183
Williams Companies Inc. (The)		1,957,879		59,284,576
World Fuel Services Corp.		160,635		6,176,416
WPX Energy Inc.a		950,840		9,185,114
				721,861,924
PAPER & FOREST PRODUCTS — 0.04%
Domtar Corp.		154,850		5,949,337
				5,949,337
PERSONAL PRODUCTS — 0.32%
Coty Inc. Class A		1,104,774		20,725,560
Edgewell Personal Care Co.a		135,387		10,292,120
Herbalife Ltd.a,b		162,099		11,562,522
Nu Skin Enterprises Inc. Class A		121,900		7,660,196
				50,240,398
PHARMACEUTICALS — 1.07%
Akorn Inc.a		215,557		7,229,782
Endo International PLCa		507,013		5,663,335
Mallinckrodt PLCa,b		234,042		10,487,422
Mylan NVa		1,261,897		48,986,841
Perrigo Co. PLC		302,873		22,872,969
Zoetis Inc.		1,163,876		72,602,585
				167,842,934
PROFESSIONAL SERVICES — 1.25%
Dun & Bradstreet Corp. (The)		87,343		9,446,146
Equifax Inc.		281,676		38,707,916
IHS Markit Ltd.a,b		925,329		40,751,489
ManpowerGroup Inc.		158,289		17,672,967
Nielsen Holdings PLC		845,152		32,673,576
Robert Half International Inc.		291,443		13,968,863
TransUniona,b		301,243		13,046,834
Verisk Analytics Inc. Class Aa,b		358,303		30,230,024
				196,497,815
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.38%
CBRE Group Inc. Class Aa		694,568		25,282,275
Howard Hughes Corp. (The)a		80,471		9,885,058
Jones Lang LaSalle Inc.		106,698		13,337,250
Realogy Holdings Corp.		321,403		10,429,527
				58,934,110

478

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Security	Shares		Value
ROAD & RAIL — 0.58%
AMERCO		11,872	$	4,345,864
Genesee & Wyoming Inc. Class Aa,b		143,953		9,844,946
JB Hunt Transport Services Inc.		204,628		18,698,907
Kansas City Southern		249,958		26,158,105
Landstar System Inc.		98,665		8,445,724
Old Dominion Freight Line Inc.		144,594		13,771,132
Ryder System Inc.		125,623		9,042,343
				90,307,021
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.80%
Advanced Micro Devices Inc.a		1,949,325		24,327,576
Analog Devices Inc.		856,004		66,597,111
Cavium Inc.a		155,627		9,669,106
Cypress Semiconductor Corp.		793,345		10,829,159
First Solar Inc.a,b		186,962		7,456,045
KLA-Tencor Corp.		371,040		33,953,870
Lam Research Corp.		381,675		53,980,295
Marvell Technology Group Ltd.		952,482		15,735,003
Maxim Integrated Products Inc.		664,972		29,857,243
Microchip Technology Inc.		501,086		38,673,817
Microsemi Corp.a		272,448		12,750,566
ON Semiconductor Corp.a		986,228		13,846,641
Qorvo Inc.a,b		299,102		18,939,139
Skyworks Solutions Inc.		436,146		41,848,209
Teradyne Inc.		469,617		14,102,599
Versum Materials Inc.		256,812		8,346,390
Xilinx Inc.		588,717		37,866,277
				438,779,046
SOFTWARE — 3.48%
ANSYS Inc.a,b		201,751		24,549,062
Atlassian Corp. PLC Class Aa,b		172,729		6,076,606
Autodesk Inc.a		491,084		49,511,089
CA Inc.		732,813		25,260,064
Cadence Design Systems Inc.a		655,206		21,942,849
CDK Global Inc.		318,977		19,795,713
Citrix Systems Inc.a		357,274		28,431,865
Dell Technologies Inc. Class Va		485,000		29,638,350
FireEye Inc.a,b		414,317		6,301,762
Fortinet Inc.a		347,799		13,021,594
Guidewire Software Inc.a,b		175,341		12,047,680
Manhattan Associates Inc.a,b		163,109		7,839,018

Security	Shares		Value
Nuance Communications Inc.a		678,201	$	11,807,479
PTC Inc.a		271,083		14,942,095
Red Hat Inc.a		418,985		40,117,814
ServiceNow Inc.a,b		397,071		42,089,526
Splunk Inc.a,b		330,474		18,800,666
SS&C Technologies Holdings Inc.		406,897		15,628,914
Symantec Corp.		1,460,214		41,251,045
Synopsys Inc.a		354,177		25,830,129
Tableau Software Inc. Class Aa,b		136,081		8,337,683
Take-Two Interactive Software Inc.a		234,518		17,208,931
Tyler Technologies Inc.a,b		81,457		14,309,551
Ultimate Software Group Inc. (The)a,b		67,229		14,122,124
Workday Inc. Class Aa,b		308,386		29,913,442
Zynga Inc. Class Aa,b		1,797,485		6,542,845
				545,317,896
SPECIALTY RETAIL — 3.02%
Advance Auto Parts Inc.b		168,142		19,603,676
AutoNation Inc.a,b		151,631		6,392,763
AutoZone Inc.a,b		67,041		38,244,209
Bed Bath & Beyond Inc.		328,338		9,981,475
Best Buy Co. Inc.		624,698		35,813,936
Burlington Stores Inc.a,b		163,305		15,022,427
Cabela’s Inc.a		123,581		7,343,183
CarMax Inc.a,b		436,801		27,544,671
Dick’s Sporting Goods Inc.		205,269		8,175,864
Floor & Decor Holdings Inc. Class Aa		24,071		945,027
Foot Locker Inc.		308,974		15,226,239
GameStop Corp. Class A		235,017		5,078,717
Gap Inc. (The)		562,001		12,358,402
L Brands Inc.		568,063		30,612,915
Michaels Companies Inc. (The)a		273,234		5,060,294
Murphy USA Inc.a,b		86,004		6,373,756
O’Reilly Automotive Inc.a,b		211,413		46,244,480
Penske Automotive Group Inc.		84,093		3,692,524
Ross Stores Inc.		908,637		52,455,614
Sally Beauty Holdings Inc.a,b		324,859		6,578,395
Signet Jewelers Ltd.b		161,552		10,216,548
Staples Inc.		1,545,597		15,564,162
Tiffany & Co.		255,263		23,961,538

479

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Security	Shares		Value
Tractor Supply Co.		304,209	$	16,491,170
Ulta Salon Cosmetics & Fragrance Inc.a		139,691		40,138,812
Urban Outfitters Inc.a,b		220,696		4,091,704
Williams-Sonoma Inc.		204,514		9,918,929
				473,131,430
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.73%
NCR Corp.a		284,937		11,636,827
NetApp Inc.		642,577		25,735,209
Western Digital Corp.		690,418		61,171,035
Xerox Corp.		542,551		15,587,490
				114,130,561
TEXTILES, APPAREL & LUXURY GOODS — 1.26%
Carter’s Inc.		112,999		10,051,261
Coach Inc.		666,132		31,534,689
Hanesbrands Inc.		858,324		19,878,784
Kate Spade & Co.a		321,696		5,948,159
lululemon athletica Inc.a,b		228,853		13,655,659
Michael Kors Holdings Ltd.a,b		363,900		13,191,375
PVH Corp.b		183,479		21,008,345
Ralph Lauren Corp.		133,151		9,826,544
Skechers U.S.A. Inc. Class Aa		309,584		9,132,728
Under Armour Inc. Class Aa,b		434,419		9,452,957
Under Armour Inc. Class Ca,b		440,879		8,888,121
VF Corp.		784,395		45,181,152
				197,749,774
THRIFTS & MORTGAGE FINANCE — 0.11%
New York Community Bancorp. Inc.		1,124,285		14,761,862
TFS Financial Corp.		140,204		2,168,956
				16,930,818
TRADING COMPANIES & DISTRIBUTORS — 0.84%
Air Lease Corp.		227,966		8,516,810
Fastenal Co.		683,844		29,767,729
HD Supply Holdings Inc.a		477,398		14,622,701
MSC Industrial Direct Co. Inc. Class A		104,064		8,945,341
United Rentals Inc.a		199,602		22,497,141
Univar Inc.a		244,571		7,141,473
Watsco Inc.		71,493		11,024,221
WESCO International Inc.a,b		119,610		6,853,653
WW Grainger Inc.		124,456		22,468,042
				131,837,111

Security	Shares		Value
TRANSPORTATION INFRASTRUCTURE — 0.09%
Macquarie Infrastructure Corp.		188,111	$	14,747,902
				14,747,902
WATER UTILITIES — 0.30%
American Water Works Co. Inc.		422,070		32,900,356
Aqua America Inc.		420,365		13,998,155
				46,898,511
WIRELESS TELECOMMUNICATION SERVICES — 0.05%
Telephone & Data Systems Inc.		235,819		6,543,977
U.S. Cellular Corp.a,b		33,778		1,294,373
				7,838,350
TOTAL COMMON STOCKS
(Cost: $12,518,498,763)				15,634,118,934
SHORT-TERM INVESTMENTS — 5.45%
MONEY MARKET FUNDS — 5.45%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		827,240,797		827,488,969
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		26,362,066		26,362,066
				853,851,035
TOTAL SHORT-TERM INVESTMENTS
(Cost: $853,688,241)				853,851,035
TOTAL INVESTMENTS IN SECURITIES — 105.17%
(Cost: $13,372,187,004)f				16,487,969,969
Other Assets, Less Liabilities — (5.17)%				(810,141,578	)
NET ASSETS — 100.00%			$	15,677,828,391

NVS — Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $13,663,532,883. Net unrealized appreciation was $2,824,437,086, of which $3,712,602,378 represented gross unrealized appreciation on securities and $888,165,292 represented gross unrealized depreciation on securities.

480

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP ETF

June 30, 2017

Schedule 1 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		107		Sep. 2017		Chicago Mercantile	$	12,991,229	$	12,951,815	$	(39,414	)
S&P MidCap 400 E-Mini		173		Sep. 2017		Chicago Mercantile		30,116,426		30,207,530		91,104
								Net unrealized appreciation			$	51,690

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	15,634,118,934		$	—	$	—	$	15,634,118,934
Money market funds		853,851,035			—		—		853,851,035
Total	$	16,487,969,969		$	—	$	—	$	16,487,969,969
Derivative financial instrumentsa:
Assets:
Futures contracts	$	91,104		$	—	$	—	$	91,104
Liabilities:
Futures contracts		(39,414	)		—		—		(39,414	)
Total	$	51,690		$	—	$	—	$	51,690

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

481

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL MID-CAP GROWTH ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.86%
AEROSPACE & DEFENSE — 1.77%
BWX Technologies Inc.		252,616	$	12,315,030
HEICO Corp.		65,924		4,735,980
HEICO Corp. Class A		130,536		8,099,759
Hexcel Corp.		162,697		8,588,775
Huntington Ingalls Industries Inc.		101,964		18,981,618
Rockwell Collins Inc.		437,625		45,985,635
TransDigm Group Inc.		130,457		35,075,973
				133,782,770
AIR FREIGHT & LOGISTICS — 0.79%
CH Robinson Worldwide Inc.		380,403		26,126,078
Expeditors International of Washington Inc.		342,781		19,360,271
XPO Logistics Inc.a		219,046		14,156,943
				59,643,292
AIRLINES — 0.67%
Alaska Air Group Inc.		267,050		23,970,408
American Airlines Group Inc.		519,512		26,141,844
Copa Holdings SA Class A		6,126		716,742
				50,828,994
AUTO COMPONENTS — 1.40%
BorgWarner Inc.		58,758		2,488,989
Delphi Automotive PLC		722,548		63,331,332
Gentex Corp.		493,187		9,355,758
Lear Corp.		154,199		21,908,594
Visteon Corp.a		85,805		8,757,258
				105,841,931
AUTOMOBILES — 0.43%
Harley-Davidson Inc.		344,075		18,586,932
Thor Industries Inc.		133,012		13,902,414
				32,489,346
BANKS — 1.11%
Bank of the Ozarks Inc.		141,850		6,648,509
East West Bancorp. Inc.		23,634		1,384,480
First Republic Bank/CA		338,796		33,913,480
Pinnacle Financial Partners Inc.		60,687		3,811,144
Signature Bank/New York NYa		85,915		12,331,380
SVB Financial Groupa,b		104,626		18,392,204
Western Alliance Bancorp.a,b		148,376		7,300,099
				83,781,296

Security	Shares		Value
BEVERAGES — 0.98%
Brown-Forman Corp. Class A		137,500	$	6,778,750
Brown-Forman Corp. Class B		448,710		21,807,306
Dr Pepper Snapple Group Inc.		495,070		45,105,828
				73,691,884
BIOTECHNOLOGY — 3.33%
ACADIA Pharmaceuticals Inc.a,b		260,182		7,256,476
Agios Pharmaceuticals Inc.a,b		103,468		5,323,429
Alkermes PLCa		410,404		23,791,120
Alnylam Pharmaceuticals Inc.a,b		176,251		14,057,780
BioMarin Pharmaceutical Inc.a,b		470,467		42,727,813
Bioverativ Inc.a		291,989		17,568,978
Exelixis Inc.a		778,604		19,177,016
Incyte Corp.a		454,394		57,212,748
Intercept Pharmaceuticals Inc.a,b		48,200		5,835,574
Intrexon Corp.a,b		107,522		2,590,205
Ionis Pharmaceuticals Inc.a,b		332,717		16,925,314
Neurocrine Biosciences Inc.a,b		235,395		10,828,170
OPKO Health Inc.a,b		98,178		646,011
Seattle Genetics Inc.a,b		259,101		13,405,886
TESARO Inc.a,b		99,988		13,984,322
				251,330,842
BUILDING PRODUCTS — 1.49%
Allegion PLC		257,161		20,860,900
AO Smith Corp.		390,200		21,979,966
Armstrong World Industries Inc.a,b		118,768		5,463,328
Fortune Brands Home & Security Inc.		385,250		25,133,710
Lennox International Inc.		96,867		17,788,656
Masco Corp.		558,877		21,354,690
				112,581,250
CAPITAL MARKETS — 4.03%
Ameriprise Financial Inc.		369,820		47,074,388
BGC Partners Inc. Class A		157,151		1,986,389
CBOE Holdings Inc.		297,491		27,190,677
Eaton Vance Corp. NVS		298,051		14,103,773
FactSet Research Systems Inc.		103,928		17,270,755
Federated Investors Inc. Class B NVS		72,335		2,043,464
Invesco Ltd.		159,237		5,603,550
Lazard Ltd. Class A		290,991		13,481,613
Legg Mason Inc.		54,715		2,087,924
LPL Financial Holdings Inc.		237,848		10,099,026

482

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP GROWTH ETF

June 30, 2017

Security	Shares		Value
MarketAxess Holdings Inc.		98,840	$	19,876,724
Moody’s Corp.		448,475		54,570,438
Morningstar Inc.		49,067		3,843,909
MSCI Inc.		239,595		24,675,889
Raymond James Financial Inc.		89,754		7,200,066
SEI Investments Co.		360,909		19,409,686
T Rowe Price Group Inc.		98,437		7,305,010
TD Ameritrade Holding Corp.		609,729		26,212,250
				304,035,531
CHEMICALS — 2.42%
Albemarle Corp.		55,623		5,870,452
Axalta Coating Systems Ltd.a,b		572,831		18,353,505
Celanese Corp. Series A		224,382		21,302,827
Chemours Co. (The)		497,947		18,882,150
FMC Corp.		360,592		26,341,246
Huntsman Corp.		261,887		6,767,160
International Flavors & Fragrances Inc.		213,174		28,778,490
NewMarket Corp.		18,557		8,545,127
Platform Specialty Products Corp.a		272,933		3,460,791
RPM International Inc.		323,711		17,658,435
Scotts Miracle-Gro Co. (The) Class A		110,505		9,885,777
Westlake Chemical Corp.		47,966		3,175,829
WR Grace & Co.		183,621		13,222,548
				182,244,337
COMMERCIAL SERVICES & SUPPLIES — 1.03%
Cintas Corp.		231,758		29,210,778
Clean Harbors Inc.a,b		99,337		5,545,985
Copart Inc.a,b		535,072		17,009,939
KAR Auction Services Inc.		370,793		15,562,182
Rollins Inc.		258,638		10,529,153
				77,858,037
COMMUNICATIONS EQUIPMENT — 1.30%
Arista Networks Inc.a,b		142,637		21,365,596
CommScope Holding Co. Inc.a,b		259,846		9,881,944
F5 Networks Inc.a		174,695		22,196,747
Harris Corp.		84,474		9,214,424
Motorola Solutions Inc.		41,445		3,594,939
Palo Alto Networks Inc.a		239,984		32,112,259
				98,365,909

Security	Shares		Value
CONSTRUCTION & ENGINEERING — 0.04%
Quanta Services Inc.a,b		103,210	$	3,397,673
				3,397,673
CONSTRUCTION MATERIALS — 1.16%
Eagle Materials Inc.b		126,983		11,735,769
Martin Marietta Materials Inc.		153,198		34,098,811
Vulcan Materials Co.		330,596		41,879,901
				87,714,481
CONSUMER FINANCE — 0.09%
Credit Acceptance Corp.a,b		27,226		7,000,894
				7,000,894
CONTAINERS & PACKAGING — 2.65%
AptarGroup Inc.		38,758		3,366,520
Ardagh Group SA		26,484		598,803
Avery Dennison Corp.		225,437		19,921,867
Ball Corp.		516,272		21,791,841
Berry Global Group Inc.a		349,072		19,900,595
Crown Holdings Inc.a,b		246,540		14,708,576
Graphic Packaging Holding Co.		598,559		8,248,143
International Paper Co.		1,010,056		57,179,270
Owens-Illinois Inc.a,b		342,428		8,190,878
Packaging Corp. of America		251,797		28,047,668
Sealed Air Corp.		268,088		11,999,619
Silgan Holdings Inc.		199,415		6,337,409
				200,291,189
DISTRIBUTORS — 0.40%
Genuine Parts Co.		145,774		13,521,996
LKQ Corp.a		117,507		3,871,856
Pool Corp.		108,309		12,733,889
				30,127,741
DIVERSIFIED CONSUMER SERVICES — 0.58%
Bright Horizons Family Solutions Inc.a		136,226		10,518,010
H&R Block Inc.		85,901		2,655,200
Service Corp. International/U.S.		489,752		16,382,204
ServiceMaster Global Holdings Inc.a		362,621		14,211,117
				43,766,531
DIVERSIFIED FINANCIAL SERVICES — 0.09%
Leucadia National Corp.		206,681		5,406,775
Voya Financial Inc.		29,108		1,073,794
				6,480,569

483

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP GROWTH ETF

June 30, 2017

Security	Shares		Value
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.21%
Zayo Group Holdings Inc.a		500,999	$	15,480,869
				15,480,869
ELECTRICAL EQUIPMENT — 1.31%
Acuity Brands Inc.b		80,761		16,417,096
AMETEK Inc.		100,407		6,081,652
Hubbell Inc.		94,721		10,719,576
Rockwell Automation Inc.		346,426		56,107,155
Sensata Technologies Holding NVa		231,228		9,878,060
				99,203,539
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.58%
Amphenol Corp. Class A		806,174		59,511,765
CDW Corp./DE		413,359		25,847,338
Cognex Corp.		223,610		18,984,489
Coherent Inc.a		65,852		14,816,042
FLIR Systems Inc.		194,849		6,753,466
IPG Photonics Corp.a,b		96,823		14,049,017
National Instruments Corp.		226,071		9,092,576
Trimble Inc.a		534,269		19,057,375
Universal Display Corp.b		112,085		12,245,286
Zebra Technologies Corp. Class Aa,b		140,870		14,160,253
				194,517,607
ENERGY EQUIPMENT & SERVICES — 0.04%
RPC Inc.b		143,795		2,906,097
				2,906,097
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.17%
Boston Properties Inc.		62,312		7,665,622
CoreSite Realty Corp.		91,390		9,461,607
CubeSmartb		329,348		7,917,526
CyrusOne Inc.		204,987		11,428,025
Digital Realty Trust Inc.b		301,862		34,095,313
Douglas Emmett Inc.		316,324		12,086,740
DuPont Fabros Technology Inc.b		208,683		12,763,052
Equity Lifestyle Properties Inc.b		219,239		18,929,095
Extra Space Storage Inc.b		278,259		21,704,202
Federal Realty Investment Trust		75,046		9,485,064
Gaming and Leisure Properties Inc.b		170,230		6,412,564
Hudson Pacific Properties Inc.		43,349		1,482,102
Iron Mountain Inc.b		618,368		21,247,125
Lamar Advertising Co. Class Ab		199,595		14,684,204

Security	Shares		Value
Outfront Media Inc.		57,443	$	1,328,082
SBA Communications Corp.a		323,835		43,685,342
Tanger Factory Outlet Centers Inc.b		16,890		438,802
Taubman Centers Inc.		78,608		4,681,107
				239,495,574
FOOD & STAPLES RETAILING — 0.23%
Rite Aid Corp.a,b		1,321,667		3,898,917
Sprouts Farmers Market Inc.a		362,176		8,210,530
Whole Foods Market Inc.		126,345		5,320,388
				17,429,835
FOOD PRODUCTS — 1.88%
Blue Buffalo Pet Products Inc.a,b		251,761		5,742,668
Campbell Soup Co.		316,368		16,498,591
Hershey Co. (The)		336,939		36,177,140
Kellogg Co.		617,022		42,858,348
Lamb Weston Holdings Inc.		91,139		4,013,762
McCormick & Co. Inc./MD NVS		306,244		29,861,853
Pilgrim’s Pride Corp.a,b		127,054		2,785,024
TreeHouse Foods Inc.a,b		45,488		3,715,915
				141,653,301
HEALTH CARE EQUIPMENT & SUPPLIES — 4.85%
ABIOMED Inc.a,b		109,116		15,636,323
Align Technology Inc.a		214,234		32,160,808
Cooper Companies Inc. (The)		101,265		24,244,866
CR Bard Inc.		196,070		61,979,688
DexCom Inc.a,b		230,505		16,861,441
Edwards Lifesciences Corp.a		564,740		66,774,857
Hill-Rom Holdings Inc.		165,851		13,203,398
Hologic Inc.a		426,960		19,375,445
IDEXX Laboratories Inc.a		235,235		37,971,634
ResMed Inc.		376,199		29,294,616
Teleflex Inc.		19,787		4,110,947
Varian Medical Systems Inc.a,b		247,911		25,581,936
West Pharmaceutical Services Inc.		197,363		18,654,751
				365,850,710
HEALTH CARE PROVIDERS & SERVICES — 1.68%
AmerisourceBergen Corp.		428,610		40,516,503
Centene Corp.a		57,800		4,617,064
Henry Schein Inc.a		213,218		39,023,159
LifePoint Health Inc.a		16,741		1,124,158
Patterson Companies Inc.		21,396		1,004,542
Premier Inc.a,b		40,105		1,443,780

484

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP GROWTH ETF

June 30, 2017

Security	Shares		Value
VCA Inc.a		210,914	$	19,469,471
WellCare Health Plans Inc.a		110,421		19,827,195
				127,025,872
HEALTH CARE TECHNOLOGY — 1.12%
athenahealth Inc.a,b		106,321		14,943,417
Cerner Corp.a,b		776,377		51,605,779
Veeva Systems Inc. Class Aa,b		288,780		17,705,102
				84,254,298
HOTELS, RESTAURANTS & LEISURE — 4.09%
Aramark		281,352		11,529,805
Chipotle Mexican Grill Inc.a,b		68,184		28,371,362
Choice Hotels International Inc.		89,950		5,779,288
Darden Restaurants Inc.		335,871		30,376,173
Domino’s Pizza Inc.		129,267		27,343,849
Dunkin’ Brands Group Inc.		248,357		13,689,438
Extended Stay America Inc.		250,494		4,849,564
Hilton Grand Vacations Inc.a		159,562		5,753,806
Hilton Worldwide Holdings Inc.b		457,332		28,285,984
MGM Resorts International		99,801		3,122,773
Panera Bread Co. Class Aa		57,088		17,962,168
Six Flags Entertainment Corp.		192,177		11,455,671
Vail Resorts Inc.		106,836		21,669,546
Wendy’s Co. (The)		496,949		7,707,679
Wyndham Worldwide Corp.		276,052		27,718,381
Wynn Resorts Ltd.		215,470		28,898,836
Yum China Holdings Inc.a		859,792		33,901,599
				308,415,922
HOUSEHOLD DURABLES — 1.12%
DR Horton Inc.		505,480		17,474,444
Leggett & Platt Inc.		286,081		15,027,835
Mohawk Industries Inc.a		10,499		2,537,503
NVR Inc.a		8,943		21,558,085
PulteGroup Inc.		220,693		5,413,599
Tempur Sealy International Inc.a,b		48,104		2,568,273
Toll Brothers Inc.		193,742		7,654,746
Tupperware Brands Corp.		136,442		9,582,322
Whirlpool Corp.		15,621		2,993,296
				84,810,103
HOUSEHOLD PRODUCTS — 1.20%
Church & Dwight Co. Inc.		671,649		34,845,150
Clorox Co. (The)		296,677		39,529,243
Energizer Holdings Inc.		164,932		7,920,035

Security	Shares		Value
Spectrum Brands Holdings Inc.		66,506	$	8,315,910
				90,610,338
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.04%
NRG Energy Inc.		158,966		2,737,394
				2,737,394
INDUSTRIAL CONGLOMERATES — 0.79%
Roper Technologies Inc.		256,625		59,416,386
				59,416,386
INSURANCE — 1.51%
Arch Capital Group Ltd.a		41,589		3,879,838
Arthur J Gallagher & Co.		328,970		18,833,532
Aspen Insurance Holdings Ltd.		50,120		2,498,482
Assurant Inc.		30,033		3,114,122
Erie Indemnity Co. Class A		49,026		6,131,682
Progressive Corp. (The)		1,563,847		68,950,014
RenaissanceRe Holdings Ltd.		4,509		626,976
XL Group Ltd.		218,706		9,579,323
				113,613,969
INTERNET & DIRECT MARKETING RETAIL — 1.05%
Expedia Inc.		327,374		48,762,357
Liberty Expedia Holdings Inc. Class Aa		28,369		1,532,493
Liberty Interactive Corp. QVC Group Series Aa,b		628,390		15,420,691
TripAdvisor Inc.a,b		139,830		5,341,506
Wayfair Inc. Class Aa,b		103,387		7,948,393
				79,005,440
INTERNET SOFTWARE & SERVICES — 1.41%
CoStar Group Inc.a		86,569		22,819,588
GoDaddy Inc. Class Aa,b		210,980		8,949,772
IAC/InterActiveCorpa		188,064		19,415,727
LogMeIn Inc.		87,455		9,139,048
Match Group Inc.a,b		98,487		1,711,704
Pandora Media Inc.a,b		608,493		5,427,758
Twitter Inc.a,b		113,650		2,030,926
VeriSign Inc.a,b		238,175		22,140,748
Zillow Group Inc. Class Aa,b		97,949		4,783,829
Zillow Group Inc. Class Ca,b		196,146		9,613,115
				106,032,215
IT SERVICES — 7.83%
Alliance Data Systems Corp.		130,871		33,593,277

485

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP GROWTH ETF

June 30, 2017

Security	Shares		Value
Black Knight Financial Services Inc. Class Aa,b		77,518	$	3,174,362
Booz Allen Hamilton Holding Corp.		371,031		12,073,349
Broadridge Financial Solutions Inc.		316,653		23,926,301
CoreLogic Inc./U.S.a		134,077		5,816,260
CSRA Inc.		437,391		13,887,164
DST Systems Inc.		16,827		1,038,226
DXC Technology Co.		763,767		58,596,204
Euronet Worldwide Inc.a,b		135,194		11,811,900
Fidelity National Information Services Inc.		504,622		43,094,719
First Data Corp. Class Aa		995,553		18,119,065
Fiserv Inc.a,b		572,017		69,980,560
FleetCor Technologies Inc.a,b		247,558		35,700,339
Gartner Inc.a		236,179		29,170,468
Genpact Ltd.		363,388		10,113,088
Global Payments Inc.b		410,418		37,068,954
Jack Henry & Associates Inc.		208,643		21,671,748
Paychex Inc.		867,491		49,394,937
Sabre Corp.		438,279		9,541,334
Square Inc. Class Aa,b		598,208		14,033,960
Total System Services Inc.		489,192		28,495,434
Vantiv Inc. Class Aa		432,852		27,416,846
Western Union Co. (The)		1,271,767		24,227,161
WEX Inc.a,b		84,387		8,799,032
				590,744,688
LEISURE PRODUCTS — 0.75%
Brunswick Corp./DE		197,670		12,399,839
Hasbro Inc.		231,777		25,845,453
Mattel Inc.		175,677		3,782,326
Polaris Industries Inc.b		161,099		14,858,161
				56,885,779
LIFE SCIENCES TOOLS & SERVICES — 2.92%
Agilent Technologies Inc.		211,475		12,542,582
Bio-Techne Corp.		99,574		11,699,945
Bruker Corp.		102,226		2,948,198
Charles River Laboratories International Inc.a		126,892		12,835,126
Illumina Inc.a		393,106		68,211,753
Mettler-Toledo International Inc.a		68,299		40,196,693
Patheon NVa		91,009		3,174,394
PerkinElmer Inc.		56,062		3,820,065
QIAGEN NV		203,342		6,818,057

Security	Shares		Value
Quintiles IMS Holdings Inc.a,b		223,737	$	20,024,462
Waters Corp.a		205,514		37,781,694
				220,052,969
MACHINERY — 4.62%
Allison Transmission Holdings Inc.		359,844		13,497,748
Cummins Inc.		138,053		22,394,958
Donaldson Co. Inc.		329,072		14,985,939
Dover Corp.		44,641		3,581,101
Fortive Corp.		749,683		47,492,418
Gardner Denver Holdings Inc.a		111,751		2,414,939
Graco Inc.		148,942		16,276,382
IDEX Corp.		191,601		21,652,829
Ingersoll-Rand PLC		346,930		31,705,933
Lincoln Electric Holdings Inc.		158,423		14,589,174
Middleby Corp. (The)a,b		152,841		18,571,710
Nordson Corp.		154,987		18,803,023
Parker-Hannifin Corp.		308,648		49,328,123
Snap-on Inc.		20,474		3,234,892
Stanley Black & Decker Inc.		42,100		5,924,733
Toro Co. (The)		284,425		19,707,808
WABCO Holdings Inc.a,b		136,392		17,391,344
Wabtec Corp./DEb		73,918		6,763,497
Welbilt Inc.a,b		346,445		6,530,488
Xylem Inc./NY		252,649		14,004,334
				348,851,373
MEDIA — 1.89%
AMC Networks Inc. Class Aa,b		147,454		7,875,518
Cable One Inc.		12,668		9,005,681
Interpublic Group of Companies Inc. (The)		898,437		22,101,550
Lions Gate Entertainment Corp. Class A		90,468		2,553,007
Lions Gate Entertainment Corp. Class Ba,b		171,880		4,517,007
Live Nation Entertainment Inc.a,b		360,923		12,578,167
Madison Square Garden Co. (The)a,b		4,907		966,188
Omnicom Group Inc.		623,492		51,687,487
Regal Entertainment Group Class A		80,215		1,641,199
Scripps Networks Interactive Inc. Class A		127,513		8,710,413
Sirius XM Holdings Inc.b		3,769,707		20,620,297
				142,256,514

486

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP GROWTH ETF

June 30, 2017

Security	Shares		Value
METALS & MINING — 0.31%
Freeport-McMoRan Inc.a		723,547	$	8,689,800
Royal Gold Inc.		65,005		5,081,441
Southern Copper Corp.		197,324		6,833,330
Steel Dynamics Inc.		80,888		2,896,599
				23,501,170
MULTILINE RETAIL — 1.02%
Dollar General Corp.		283,924		20,468,081
Dollar Tree Inc.a		588,515		41,148,969
Nordstrom Inc.		314,999		15,066,402
				76,683,452
OIL, GAS & CONSUMABLE FUELS — 2.13%
Antero Resources Corp.a		306,492		6,623,292
Apache Corp.		53,438		2,561,283
Cabot Oil & Gas Corp.		875,701		21,962,581
Cheniere Energy Inc.a,b		363,978		17,729,368
Chesapeake Energy Corp.a,b		166,350		826,759
Cimarex Energy Co.		235,778		22,165,490
Continental Resources Inc./OKa,b		103,720		3,353,268
Devon Energy Corp.		102,102		3,264,201
Diamondback Energy Inc.a,b		60,063		5,334,195
Gulfport Energy Corp.a		42,491		626,742
Laredo Petroleum Inc.a,b		436,944		4,596,651
Newfield Exploration Co.a,b		536,380		15,265,375
ONEOK Inc.		565,610		29,502,218
Parsley Energy Inc. Class Aa		410,186		11,382,661
RSP Permian Inc.a		178,008		5,744,318
Williams Companies Inc. (The)		332,227		10,059,834
				160,998,236
PERSONAL PRODUCTS — 0.21%
Herbalife Ltd.a,b		184,846		13,185,065
Nu Skin Enterprises Inc. Class A		40,923		2,571,601
				15,756,666
PHARMACEUTICALS — 1.20%
Akorn Inc.a,b		229,117		7,684,584
Zoetis Inc.		1,327,210		82,791,360
				90,475,944
PROFESSIONAL SERVICES — 1.86%
Dun & Bradstreet Corp. (The)		39,816		4,306,100
Equifax Inc.		321,216		44,141,503
IHS Markit Ltd.a		601,445		26,487,638
Robert Half International Inc.		332,353		15,929,679

Security	Shares		Value
TransUniona,b		343,528	$	14,878,198
Verisk Analytics Inc. Class Aa		408,680		34,480,331
				140,223,449
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.17%
CBRE Group Inc. Class Aa		347,709		12,656,608
				12,656,608
ROAD & RAIL — 0.54%
JB Hunt Transport Services Inc.		233,334		21,322,061
Landstar System Inc.		113,862		9,746,587
Old Dominion Freight Line Inc.		102,579		9,769,624
				40,838,272
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 5.79%
Advanced Micro Devices Inc.a,b		2,222,883		27,741,580
Analog Devices Inc.		976,141		75,943,770
Cavium Inc.a,b		177,457		11,025,403
Cypress Semiconductor Corp.		74,472		1,016,543
KLA-Tencor Corp.		423,128		38,720,443
Lam Research Corp.		435,230		61,554,579
Maxim Integrated Products Inc.		758,304		34,047,850
Microchip Technology Inc.		571,407		44,101,192
Microsemi Corp.a		251,983		11,792,804
ON Semiconductor Corp.a		1,061,637		14,905,383
Qorvo Inc.a,b		177,702		11,252,091
Skyworks Solutions Inc.		497,346		47,720,349
Teradyne Inc.		499,639		15,004,159
Versum Materials Inc.		26,352		856,440
Xilinx Inc.		635,082		40,848,474
				436,531,060
SOFTWARE — 6.86%
ANSYS Inc.a		230,067		27,994,552
Atlassian Corp. PLC Class Aa,b		196,974		6,929,545
Autodesk Inc.a		458,083		46,183,928
Cadence Design Systems Inc.a		747,167		25,022,623
CDK Global Inc.		363,741		22,573,766
Citrix Systems Inc.a		407,405		32,421,290
Dell Technologies Inc. Class Va		553,055		33,797,191
Fortinet Inc.a		396,602		14,848,779
Guidewire Software Inc.a,b		78,377		5,385,284
Manhattan Associates Inc.a,b		190,471		9,154,036
PTC Inc.a		309,131		17,039,301
Red Hat Inc.a		477,793		45,748,680

487

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP GROWTH ETF

June 30, 2017

Security	Shares		Value
ServiceNow Inc.a,b		450,917	$	47,797,202
Splunk Inc.a,b		371,017		21,107,157
SS&C Technologies Holdings Inc.		426,861		16,395,731
Symantec Corp.		1,665,115		47,039,499
Synopsys Inc.a		31,490		2,296,566
Tableau Software Inc. Class Aa,b		161,133		9,872,619
Take-Two Interactive Software Inc.a		267,423		19,623,500
Tyler Technologies Inc.a		92,877		16,315,703
Ultimate Software Group Inc. (The)a,b		76,655		16,102,149
Workday Inc. Class Aa,b		351,657		34,110,729
				517,759,830
SPECIALTY RETAIL — 3.80%
Advance Auto Parts Inc.b		51,183		5,967,426
AutoZone Inc.a,b		65,435		37,328,050
Burlington Stores Inc.a,b		106,820		9,826,372
CarMax Inc.a,b		498,099		31,410,123
Dick’s Sporting Goods Inc.		185,723		7,397,347
Floor & Decor Holdings Inc. Class Aa		27,447		1,077,569
Foot Locker Inc.		24,652		1,214,851
Gap Inc. (The)		36,656		806,065
L Brands Inc.		103,650		5,585,698
Michaels Companies Inc. (The)a		239,606		4,437,503
O’Reilly Automotive Inc.a,b		241,085		52,734,933
Ross Stores Inc.		1,036,151		59,816,997
Sally Beauty Holdings Inc.a,b		128,166		2,595,362
Tractor Supply Co.		346,893		18,805,070
Ulta Salon Cosmetics & Fragrance Inc.a		159,309		45,775,848
Williams-Sonoma Inc.		45,460		2,204,810
				286,984,024
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.64%
NCR Corp.a		329,951		13,475,199
NetApp Inc.		626,497		25,091,205
Western Digital Corp.		112,573		9,973,967
				48,540,371
TEXTILES, APPAREL & LUXURY GOODS — 1.61%
Carter’s Inc.		128,856		11,461,741
Coach Inc.		128,371		6,077,083
Hanesbrands Inc.		978,770		22,668,313

Security	Shares		Value
Kate Spade & Co.a		343,243	$	6,346,563
lululemon athletica Inc.a,b		262,387		15,656,632
Michael Kors Holdings Ltd.a		30,706		1,113,093
Skechers U.S.A. Inc. Class Aa		152,156		4,488,602
Under Armour Inc. Class Aa,b		361,119		7,857,950
Under Armour Inc. Class Ca,b		366,486		7,388,358
VF Corp.		662,799		38,177,222
				121,235,557
TRADING COMPANIES & DISTRIBUTORS — 1.67%
Air Lease Corp.		15,866		592,754
Fastenal Co.		779,790		33,944,259
HD Supply Holdings Inc.a,b		544,401		16,675,003
MSC Industrial Direct Co. Inc. Class A		49,942		4,293,014
United Rentals Inc.a		227,603		25,653,134
Univar Inc.a		278,888		8,143,529
Watsco Inc.		81,542		12,573,776
WW Grainger Inc.		133,677		24,132,709
				126,008,178
TOTAL COMMON STOCKS
(Cost: $6,237,760,408)				7,534,698,106
SHORT-TERM INVESTMENTS — 6.68%
MONEY MARKET FUNDS — 6.68%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		496,346,257		496,495,161
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		7,566,777		7,566,777
				504,061,938
TOTAL SHORT-TERM INVESTMENTS
(Cost: $503,951,517)				504,061,938

488

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP GROWTH ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 106.54%
(Cost: $6,741,711,925)f	$	8,038,760,044
Other Assets, Less Liabilities — (6.54)%		(493,119,255	)
NET ASSETS — 100.00%	$	7,545,640,789

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $6,797,294,580. Net unrealized appreciation was $1,241,465,464, of which $1,394,878,430 represented gross unrealized appreciation on securities and $153,412,966 represented gross unrealized depreciation on securities.

Schedule 1 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		40		Sep. 2017		Chicago Mercantile	$	4,861,356	$	4,841,800	$	(19,556	)
S&P MidCap 400 E-Mini		31		Sep. 2017		Chicago Mercantile		5,393,162		5,412,910		19,748
						Net unrealized appreciation					$	192

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	7,534,698,106		$	—	$	—	$	7,534,698,106
Money market funds		504,061,938			—		—		504,061,938
Total	$	8,038,760,044		$	—	$	—	$	8,038,760,044
Derivative financial instrumentsa:
Assets:
Futures contracts	$	19,748		$	—	$	—	$	19,748
Liabilities:
Futures contracts		(19,556	)		—		—		(19,556	)
Total	$	192		$	—	$	—	$	192

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

489

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL MID-CAP VALUE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.61%
AEROSPACE & DEFENSE — 1.42%
Arconic Inc.		975,956	$	22,105,403
Hexcel Corp.		75,220		3,970,864
Huntington Ingalls Industries Inc.		18,520		3,447,683
L3 Technologies Inc.		193,807		32,381,274
Orbital ATK Inc.		143,192		14,084,365
Spirit AeroSystems Holdings Inc. Class A		301,371		17,461,436
Teledyne Technologies Inc.a		86,969		11,101,593
Textron Inc.		669,919		31,553,185
				136,105,803
AIR FREIGHT & LOGISTICS — 0.13%
Expeditors International of Washington Inc.		132,853		7,503,538
XPO Logistics Inc.a		72,756		4,702,220
				12,205,758
AIRLINES — 1.32%
Alaska Air Group Inc.		53,181		4,773,527
American Airlines Group Inc.		632,518		31,828,306
Copa Holdings SA Class A		71,936		8,416,512
JetBlue Airways Corp.a		836,368		19,094,281
Spirit Airlines Inc.a		173,243		8,948,001
United Continental Holdings Inc.a		702,577		52,868,919
				125,929,546
AUTO COMPONENTS — 0.69%
Adient PLCb		234,672		15,342,855
BorgWarner Inc.		473,846		20,072,117
Gentex Corp.		250,317		4,748,513
Goodyear Tire & Rubber Co. (The)		628,806		21,983,058
Lear Corp.		29,541		4,197,185
				66,343,728
AUTOMOBILES — 0.07%
Harley-Davidson Inc.		118,437		6,397,967
				6,397,967
BANKS — 6.88%
Associated Banc-Corp.		377,796		9,520,459
Bank of Hawaii Corp.		105,123		8,722,055
Bank of the Ozarks Inc.		153,592		7,198,857
BankUnited Inc.		259,861		8,759,914
BOK Financial Corp.		62,279		5,239,532
CIT Group Inc.		505,588		24,622,136

Security	Shares		Value
Citizens Financial Group Inc.		1,266,593	$	45,192,038
Comerica Inc.		440,423		32,256,581
Commerce Bancshares Inc./MO		222,844		12,664,225
Cullen/Frost Bankers Inc.		142,084		13,343,109
East West Bancorp. Inc.		336,932		19,737,477
F.N.B. Corp.		801,482		11,348,985
Fifth Third Bancorp.		1,876,334		48,709,631
First Hawaiian Inc.		132,562		4,059,048
First Horizon National Corp.		577,310		10,056,740
First Republic Bank/CA		76,968		7,704,497
Huntington Bancshares Inc./OH		2,698,412		36,482,530
KeyCorp		2,727,705		51,117,192
M&T Bank Corp.		361,318		58,515,450
PacWest Bancorp.		300,402		14,028,773
People’s United Financial Inc.		854,564		15,091,600
Pinnacle Financial Partners Inc.		125,062		7,853,894
Popular Inc.		251,167		10,476,176
Prosperity Bancshares Inc.		165,537		10,634,097
Regions Financial Corp.		3,003,781		43,975,354
Signature Bank/New York NYa		55,293		7,936,204
SunTrust Banks Inc.		1,208,022		68,519,008
SVB Financial Groupa		34,039		5,983,716
Synovus Financial Corp.		302,117		13,365,656
TCF Financial Corp.		396,176		6,315,045
Webster Financial Corp.		228,547		11,934,724
Western Alliance Bancorp.a		105,778		5,204,278
Zions BanCorp.		500,297		21,968,041
				658,537,022
BEVERAGES — 0.41%
Brown-Forman Corp. Class A		9,154		451,292
Brown-Forman Corp. Class B		25,114		1,220,540
Molson Coors Brewing Co. Class B		431,375		37,244,918
				38,916,750
BIOTECHNOLOGY — 0.29%
Agios Pharmaceuticals Inc.a		7,769		399,715
Alnylam Pharmaceuticals Inc.a,b		24,818		1,979,483
Intrexon Corp.a,b		35,952		866,084
Juno Therapeutics Inc.a,b		158,802		4,746,592
OPKO Health Inc.a,b		735,526		4,839,761
United Therapeutics Corp.a,b		111,155		14,420,138
				27,251,773

490

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP VALUE ETF

June 30, 2017

Security	Shares		Value
BUILDING PRODUCTS — 0.40%
Fortune Brands Home & Security Inc.		26,438	$	1,724,815
Lennox International Inc.		7,061		1,296,682
Masco Corp.		279,886		10,694,444
Owens Corning		276,873		18,528,341
USG Corp.a,b		218,979		6,354,771
				38,599,053
CAPITAL MARKETS — 2.49%
Affiliated Managers Group Inc.		140,922		23,373,323
Ameriprise Financial Inc.		38,047		4,843,003
BGC Partners Inc. Class A		425,193		5,374,440
E*TRADE Financial Corp.a		687,874		26,159,848
Federated Investors Inc. Class B NVS		141,278		3,991,103
Interactive Brokers Group Inc. Class A		164,550		6,157,461
Invesco Ltd.		855,631		30,109,655
Lazard Ltd. Class A		29,938		1,387,028
Legg Mason Inc.		164,924		6,293,500
Nasdaq Inc.		284,582		20,344,767
Northern Trust Corp.		522,124		50,755,674
Raymond James Financial Inc.		237,766		19,073,589
T Rowe Price Group Inc.		497,007		36,882,889
TD Ameritrade Holding Corp.		69,072		2,969,405
				237,715,685
CHEMICALS — 1.70%
Albemarle Corp.		223,959		23,636,633
Ashland Global Holdings Inc.		154,563		10,187,247
Cabot Corp.		152,499		8,148,022
Celanese Corp. Series A		140,260		13,316,284
CF Industries Holdings Inc.		581,996		16,272,608
Eastman Chemical Co.		363,656		30,543,467
Huntsman Corp.		258,554		6,681,035
Mosaic Co. (The)		876,925		20,020,198
NewMarket Corp.		1,174		540,604
Olin Corp.		411,454		12,458,827
Platform Specialty Products Corp.a,b		299,111		3,792,727
RPM International Inc.		27,487		1,499,416
Scotts Miracle-Gro Co. (The) Class A		7,884		705,303
Valvoline Inc.		501,083		11,885,689
Westlake Chemical Corp.		44,408		2,940,254
				162,628,314

Security	Shares		Value
COMMERCIAL SERVICES & SUPPLIES — 0.64%
Clean Harbors Inc.a		38,672	$	2,159,058
Pitney Bowes Inc.		464,766		7,017,966
Republic Services Inc.		574,368		36,604,473
Stericycle Inc.a,b		206,178		15,735,505
				61,517,002
COMMUNICATIONS EQUIPMENT — 1.30%
ARRIS International PLCa		450,058		12,610,625
Brocade Communications Systems Inc.		1,013,028		12,774,283
CommScope Holding Co. Inc.a		235,848		8,969,299
EchoStar Corp. Class Aa		117,697		7,144,208
Harris Corp.		226,096		24,662,552
Juniper Networks Inc.		933,505		26,026,119
Motorola Solutions Inc.		370,005		32,094,234
				124,281,320
CONSTRUCTION & ENGINEERING — 0.65%
AECOMa		387,344		12,522,831
Fluor Corp.		348,915		15,973,329
Jacobs Engineering Group Inc.		298,323		16,225,788
Quanta Services Inc.a,b		275,579		9,072,061
Valmont Industries Inc.		55,228		8,262,109
				62,056,118
CONSTRUCTION MATERIALS — 0.06%
Martin Marietta Materials Inc.		14,889		3,313,994
Vulcan Materials Co.		22,643		2,868,415
				6,182,409
CONSUMER FINANCE — 1.84%
Ally Financial Inc.		1,150,074		24,036,547
Credit Acceptance Corp.a,b		2,677		688,364
Discover Financial Services		946,844		58,884,228
Navient Corp.		705,733		11,750,454
OneMain Holdings Inc.a,b		132,833		3,266,363
Santander Consumer USA Holdings Inc.a		368,673		4,704,268
SLM Corp.a,b		1,075,741		12,371,022
Synchrony Financial		2,031,467		60,578,346
				176,279,592
CONTAINERS & PACKAGING — 1.19%
AptarGroup Inc.		116,860		10,150,460
Ardagh Group SA		21,657		489,665
Avery Dennison Corp.		11,974		1,058,142

491

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP VALUE ETF

June 30, 2017

Security	Shares		Value
Ball Corp.		386,435	$	16,311,421
Bemis Co. Inc.		228,081		10,548,746
Crown Holdings Inc.a		99,247		5,921,076
Graphic Packaging Holding Co.		229,549		3,163,185
International Paper Co.		93,634		5,300,621
Owens-Illinois Inc.a		87,871		2,101,874
Sealed Air Corp.		237,559		10,633,141
Sonoco Products Co.		244,558		12,575,172
WestRock Co.		620,231		35,142,289
				113,395,792
DISTRIBUTORS — 0.44%
Genuine Parts Co.		224,009		20,779,075
LKQ Corp.a		657,459		21,663,274
				42,442,349
DIVERSIFIED CONSUMER SERVICES — 0.21%
Graham Holdings Co. Class B		10,828		6,493,010
H&R Block Inc.		437,053		13,509,308
				20,002,318
DIVERSIFIED FINANCIAL SERVICES — 0.34%
Leucadia National Corp.		616,153		16,118,562
Voya Financial Inc.		437,841		16,151,955
				32,270,517
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.79%
CenturyLink Inc.		1,349,325		32,221,881
Level 3 Communications Inc.a		737,748		43,748,456
				75,970,337
ELECTRIC UTILITIES — 4.34%
Alliant Energy Corp.		569,294		22,868,540
Avangrid Inc.		141,637		6,253,273
Edison International		793,640		62,054,712
Entergy Corp.		448,604		34,439,329
Eversource Energy		792,552		48,115,832
FirstEnergy Corp.		1,109,561		32,354,799
Great Plains Energy Inc.		537,994		15,752,464
Hawaiian Electric Industries Inc.		270,045		8,744,057
OGE Energy Corp.		498,007		17,325,663
Pinnacle West Capital Corp.		277,580		23,638,713
PPL Corp.		1,711,783		66,177,531
Westar Energy Inc.		353,931		18,765,422
Xcel Energy Inc.		1,269,508		58,245,027
				414,735,362

Security	Shares		Value
ELECTRICAL EQUIPMENT — 0.62%
Acuity Brands Inc.		34,551	$	7,023,527
AMETEK Inc.		473,972		28,708,484
Hubbell Inc.		48,744		5,516,358
Regal Beloit Corp.		111,127		9,062,407
Sensata Technologies Holding NVa		208,212		8,894,817
				59,205,593
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.83%
Arrow Electronics Inc.a		220,727		17,309,411
Avnet Inc.		310,494		12,072,007
Dolby Laboratories Inc. Class A		136,666		6,691,167
FLIR Systems Inc.		158,729		5,501,547
Jabil Inc.		444,244		12,967,483
Keysight Technologies Inc.a		460,821		17,939,762
National Instruments Corp.		56,318		2,265,110
Trimble Inc.a,b		130,721		4,662,818
				79,409,305
ENERGY EQUIPMENT & SERVICES — 1.49%
Baker Hughes Inc.		1,062,687		57,927,068
Helmerich & Payne Inc.		264,713		14,384,505
Nabors Industries Ltd.		692,414		5,636,250
National Oilwell Varco Inc.		950,149		31,297,908
Oceaneering International Inc.		244,948		5,594,612
Patterson-UTI Energy Inc.		519,753		10,493,813
RPC Inc.b		11,579		234,012
Transocean Ltd.a		980,682		8,071,013
Weatherford International PLCa,b		2,202,405		8,523,307
				142,162,488
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 14.14%
Alexandria Real Estate Equities Inc.b		224,758		27,076,596
American Campus Communities Inc.		333,854		15,791,294
American Homes 4 Rent Class A		565,275		12,758,257
Apartment Investment & Management Co. Class A		389,566		16,739,651
Apple Hospitality REIT Inc.		523,869		9,801,589
AvalonBay Communities Inc.b		343,981		66,102,829
Boston Properties Inc.		327,026		40,230,739
Brandywine Realty Trustb		430,872		7,553,186

492

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP VALUE ETF

June 30, 2017

Security	Shares		Value
Brixmor Property Group Inc.b		765,951	$	13,695,204
Camden Property Trust		215,120		18,394,911
Colony NorthStar Inc. Class A		1,343,130		18,924,702
Columbia Property Trust Inc.b		305,402		6,834,897
CoreCivic Inc.		293,883		8,105,293
Corporate Office Properties Trust		248,413		8,701,907
CubeSmartb		144,181		3,466,111
CyrusOne Inc.b		27,894		1,555,091
DCT Industrial Trust Inc.		229,928		12,287,352
DDR Corp.		771,679		6,999,129
Digital Realty Trust Inc.b		119,223		13,466,238
Douglas Emmett Inc.		69,157		2,642,489
Duke Realty Corp.		887,620		24,808,979
Empire State Realty Trust Inc. Class Ab		317,627		6,597,113
EPR Propertiesb		156,597		11,254,626
Equity Commonwealtha		300,565		9,497,854
Essex Property Trust Inc.		163,207		41,988,265
Extra Space Storage Inc.		46,183		3,602,274
Federal Realty Investment Trust		110,090		13,914,275
Forest City Realty Trust Inc. Class A		570,760		13,795,269
Gaming and Leisure Properties Inc.		333,440		12,560,685
GGP Inc.b		1,538,866		36,255,683
HCP Inc.		1,172,561		37,475,050
Healthcare Trust of America Inc. Class Ab		489,940		15,242,033
Highwoods Properties Inc.		250,778		12,716,952
Hospitality Properties Trust		405,725		11,826,884
Host Hotels & Resorts Inc.b		1,823,172		33,309,352
Hudson Pacific Properties Inc.		349,581		11,952,174
Invitation Homes Inc.b		216,775		4,688,843
Iron Mountain Inc.		82,550		2,836,418
Kilroy Realty Corp.b		240,757		18,092,889
Kimco Realty Corp.		1,030,936		18,917,676
Lamar Advertising Co. Class A		21,910		1,611,919
Liberty Property Trustb		367,124		14,945,618
Life Storage Inc.		114,266		8,467,111
Macerich Co. (The)b		341,470		19,825,748
Medical Properties Trust Inc.		903,293		11,625,381
Mid-America Apartment Communities Inc.		282,901		29,812,107

Security	Shares		Value
National Retail Properties Inc.		370,886	$	14,501,643
Omega Healthcare Investors Inc.b		485,518		16,031,804
Outfront Media Inc.		296,733		6,860,467
Paramount Group Inc.b		489,308		7,828,928
Park Hotels & Resorts Inc.b		321,415		8,665,348
Piedmont Office Realty Trust Inc. Class Ab		361,446		7,619,282
Prologis Inc.		1,317,102		77,234,861
Rayonier Inc.b		320,830		9,230,279
Realty Income Corp.		682,136		37,640,264
Regency Centers Corp.		372,250		23,317,740
Retail Properties of America Inc. Class Ab		591,204		7,218,601
Senior Housing Properties Trust		585,959		11,977,002
SL Green Realty Corp.b		247,620		26,198,196
Spirit Realty Capital Inc.		1,207,517		8,947,701
STORE Capital Corp.b		425,531		9,553,171
Sun Communities Inc.		178,877		15,685,724
Tanger Factory Outlet Centers Inc.b		217,785		5,658,054
Taubman Centers Inc.		74,183		4,417,598
UDR Inc.		662,496		25,817,469
Uniti Group Inc.a		412,928		10,381,010
Ventas Inc.		885,970		61,557,196
VEREIT Inc.b		2,438,855		19,852,280
Vornado Realty Trust		429,514		40,331,365
Weingarten Realty Investors		299,523		9,015,642
Welltower Inc.		915,877		68,553,393
Weyerhaeuser Co.b		1,864,506		62,460,951
WP Carey Inc.		263,347		17,383,535
				1,352,688,147
FOOD & STAPLES RETAILING — 0.54%
Casey’s General Stores Inc.		97,261		10,417,626
Rite Aid Corp.a		1,402,469		4,137,283
U.S. Foods Holding Corp.a		334,017		9,091,943
Whole Foods Market Inc.		673,595		28,365,085
				52,011,937
FOOD PRODUCTS — 2.82%
Bunge Ltd.		350,382		26,138,497
Campbell Soup Co.		153,624		8,011,492
Conagra Brands Inc.		1,012,381		36,202,745
Flowers Foods Inc.		441,048		7,634,541
Hain Celestial Group Inc. (The)a,b		253,855		9,854,651

493

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP VALUE ETF

June 30, 2017

Security	Shares		Value
Hershey Co. (The)		36,211	$	3,887,975
Hormel Foods Corp.		672,566		22,941,226
Ingredion Inc.		178,042		21,224,387
JM Smucker Co. (The)		281,576		33,318,888
Kellogg Co.		47,665		3,310,811
Lamb Weston Holdings Inc.		280,937		12,372,465
Pilgrim’s Pride Corp.a,b		14,394		315,516
Pinnacle Foods Inc.		294,933		17,519,020
Post Holdings Inc.a		161,926		12,573,554
Seaboard Corp.		653		2,608,735
TreeHouse Foods Inc.a,b		96,559		7,887,905
Tyson Foods Inc. Class A		696,078		43,595,365
				269,397,773
GAS UTILITIES — 0.56%
Atmos Energy Corp.		257,267		21,340,298
National Fuel Gas Co.		200,643		11,203,905
UGI Corp.		431,513		20,889,544
				53,433,747
HEALTH CARE EQUIPMENT & SUPPLIES — 1.77%
Alere Inc.a,b		214,612		10,771,376
Cooper Companies Inc. (The)		26,915		6,443,989
DENTSPLY SIRONA Inc.		562,948		36,501,549
Hill-Rom Holdings Inc.		9,710		773,013
Hologic Inc.a		300,703		13,645,902
STERIS PLC		208,880		17,023,720
Teleflex Inc.		94,068		19,543,568
Zimmer Biomet Holdings Inc.		504,385		64,763,034
				169,466,151
HEALTH CARE PROVIDERS & SERVICES — 3.00%
Acadia Healthcare Co. Inc.a,b		195,990		9,677,986
Brookdale Senior Living Inc.a,b		459,382		6,757,509
Cardinal Health Inc.		790,023		61,558,592
Centene Corp.a		371,194		29,650,977
DaVita Inc.a,b		388,903		25,185,358
Envision Healthcare Corp.a		290,325		18,194,668
Laboratory Corp. of America Holdingsa,b		255,095		39,320,343
LifePoint Health Inc.a,b		77,337		5,193,180
MEDNAX Inc.a,b		227,641		13,742,687
Patterson Companies Inc.		186,508		8,756,551
Premier Inc.a,b		88,734		3,194,424
Quest Diagnostics Inc.		341,673		37,980,371

Security	Shares		Value
Universal Health Services Inc. Class B		216,619	$	26,444,847
WellCare Health Plans Inc.a		8,760		1,572,946
				287,230,439
HOTELS, RESTAURANTS & LEISURE — 1.48%
Aramark		348,463		14,280,014
Extended Stay America Inc.		175,930		3,406,005
Hilton Worldwide Holdings Inc.		58,500		3,618,225
Hyatt Hotels Corp. Class Aa		85,344		4,797,186
International Game Technology PLC		261,544		4,786,255
MGM Resorts International		1,173,817		36,728,734
Norwegian Cruise Line Holdings Ltd.a		400,141		21,723,655
Royal Caribbean Cruises Ltd.		428,852		46,843,504
Yum China Holdings Inc.a		125,323		4,941,486
				141,125,064
HOUSEHOLD DURABLES — 2.32%
CalAtlantic Group Inc.b		176,048		6,223,297
DR Horton Inc.		384,519		13,292,822
Garmin Ltd.		301,341		15,377,431
Leggett & Platt Inc.		64,582		3,392,492
Lennar Corp. Class A		497,708		26,537,791
Lennar Corp. Class B		24,401		1,097,313
Mohawk Industries Inc.a		144,817		35,000,821
Newell Brands Inc.		1,199,391		64,311,345
PulteGroup Inc.		522,908		12,826,933
Tempur Sealy International Inc.a		71,144		3,798,378
Toll Brothers Inc.		201,337		7,954,825
Whirlpool Corp.		166,300		31,866,406
				221,679,854
HOUSEHOLD PRODUCTS — 0.07%
Clorox Co. (The)		47,722		6,358,479
				6,358,479
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.53%
AES Corp./VA		1,649,574		18,326,767
Calpine Corp.a,b		897,175		12,138,778
NRG Energy Inc.		600,043		10,332,740
Vistra Energy Corp.		602,349		10,113,440
				50,911,725

494

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP VALUE ETF

June 30, 2017

Security	Shares		Value
INDUSTRIAL CONGLOMERATES — 0.19%
Carlisle Companies Inc.		158,174	$	15,089,800
Roper Technologies Inc.		13,563		3,140,241
				18,230,041
INSURANCE — 6.84%
Alleghany Corp.a		36,832		21,907,674
Allied World Assurance Co. Holdings AG		212,795		11,256,855
American Financial Group Inc./OH		175,323		17,421,846
American National Insurance Co.		18,460		2,150,405
Arch Capital Group Ltd.a		248,940		23,223,613
Arthur J Gallagher & Co.		139,440		7,982,940
Aspen Insurance Holdings Ltd.		101,882		5,078,818
Assurant Inc.		108,563		11,256,897
Assured Guaranty Ltd.		299,739		12,511,106
Athene Holding Ltd. Class Aa,b		108,543		5,384,818
Axis Capital Holdings Ltd.		207,923		13,444,301
Brown & Brown Inc.		292,726		12,607,709
Cincinnati Financial Corp.		384,208		27,835,870
CNA Financial Corp.		67,448		3,288,090
Erie Indemnity Co. Class A		16,380		2,048,647
Everest Re Group Ltd.		101,367		25,807,025
First American Financial Corp.		268,784		12,011,957
FNF Group		653,789		29,309,361
Hanover Insurance Group Inc. (The)		105,874		9,383,613
Hartford Financial Services Group Inc. (The)		912,383		47,963,974
Lincoln National Corp.		559,455		37,807,969
Loews Corp.		695,092		32,537,257
Markel Corp.a,b		34,052		33,229,985
Mercury General Corp.		68,071		3,675,834
Old Republic International Corp.		608,516		11,884,317
Principal Financial Group Inc.		665,942		42,666,904
ProAssurance Corp.		131,041		7,967,293
Reinsurance Group of America Inc.		160,246		20,573,984
RenaissanceRe Holdings Ltd.		92,917		12,920,109
Torchmark Corp.		288,012		22,032,918
Unum Group		570,073		26,582,504
Validus Holdings Ltd.		192,517		10,005,108
White Mountains Insurance Group Ltd.b		10,854		9,428,110
Willis Towers Watson PLC		316,079		45,976,851
WR Berkley Corp.		237,650		16,438,250
XL Group Ltd.		434,361		19,025,012
				654,627,924

Security	Shares		Value
INTERNET & DIRECT MARKETING RETAIL — 0.34%
Liberty Expedia Holdings Inc. Class Aa		109,844	$	5,933,773
Liberty Interactive Corp. QVC Group Series Aa,b		450,216		11,048,301
Liberty Ventures Series Aa		198,772		10,393,788
TripAdvisor Inc.a		145,427		5,555,311
				32,931,173
INTERNET SOFTWARE & SERVICES — 0.63%
Akamai Technologies Inc.a		420,986		20,969,313
LogMeIn Inc.		48,388		5,056,546
Twitter Inc.a,b		1,565,114		27,968,587
Zillow Group Inc. Class Aa,b		40,365		1,971,427
Zillow Group Inc. Class Ca,b		80,843		3,962,115
				59,927,988
IT SERVICES — 1.11%
Amdocs Ltd.		362,946		23,395,499
Booz Allen Hamilton Holding Corp.		19,389		630,918
Conduent Inc.a		473,274		7,543,988
CoreLogic Inc./U.S.a		86,633		3,758,140
DST Systems Inc.		137,175		8,463,697
Fidelity National Information Services Inc.		353,941		30,226,561
Leidos Holdings Inc.		354,704		18,334,650
Sabre Corp.		113,804		2,477,513
Teradata Corp.a		322,373		9,506,780
WEX Inc.a		19,653		2,049,218
				106,386,964
LEISURE PRODUCTS — 0.26%
Brunswick Corp./DE		41,311		2,591,439
Hasbro Inc.		68,896		7,682,593
Mattel Inc.		693,547		14,932,067
				25,206,099
LIFE SCIENCES TOOLS & SERVICES — 1.02%
Agilent Technologies Inc.		610,110		36,185,624
Bio-Rad Laboratories Inc. Class Aa		52,305		11,837,145
Bruker Corp.		166,104		4,790,439
PerkinElmer Inc.		221,302		15,079,518
QIAGEN NV		384,052		12,877,264
Quintiles IMS Holdings Inc.a		109,121		9,766,329
VWR Corp.a		204,292		6,743,679
				97,279,998

495

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP VALUE ETF

June 30, 2017

Security	Shares		Value
MACHINERY — 4.03%
AGCO Corp.		166,305	$	11,207,294
Colfax Corp.a		220,629		8,686,164
Crane Co.		124,597		9,890,510
Cummins Inc.		269,183		43,666,866
Donaldson Co. Inc.		23,646		1,076,839
Dover Corp.		345,011		27,676,783
Flowserve Corp.		325,745		15,124,340
Fortive Corp.		72,872		4,616,441
IDEX Corp.		13,009		1,470,147
Ingersoll-Rand PLC		318,257		29,085,507
ITT Inc.		221,483		8,899,187
Oshkosh Corp.		185,978		12,810,165
PACCAR Inc.		856,927		56,591,459
Parker-Hannifin Corp.		44,604		7,128,611
Pentair PLC		413,789		27,533,520
Snap-on Inc.		124,735		19,708,130
Stanley Black & Decker Inc.		343,180		48,295,721
Terex Corp.		225,155		8,443,313
Timken Co. (The)		172,453		7,975,951
Trinity Industries Inc.		374,959		10,510,101
Wabtec Corp./DE		145,460		13,309,590
Xylem Inc./NY		214,412		11,884,857
				385,591,496
MARINE — 0.09%
Kirby Corp.a,b		132,936		8,886,772
				8,886,772
MEDIA — 2.06%
Cinemark Holdings Inc.		265,161		10,301,505
Discovery Communications Inc. Class Aa,b		378,138		9,767,305
Discovery Communications Inc. Class C NVSa		523,249		13,191,107
Interpublic Group of Companies Inc. (The)		151,442		3,725,473
John Wiley & Sons Inc. Class A		110,472		5,827,398
Liberty Broadband Corp. Class Aa,b		63,648		5,460,362
Liberty Broadband Corp. Class Ca		259,440		22,506,420
Liberty Media Corp.-Liberty Formula One Class Aa		61,717		2,161,947
Liberty Media Corp.-Liberty Formula One Class Ca		265,027		9,705,289

Security	Shares		Value
Liberty Media Corp.-Liberty SiriusXM Class Aa		221,928	$	9,316,537
Liberty Media Corp.-Liberty SiriusXM Class Ca		446,105		18,602,578
Lions Gate Entertainment Corp. Class A		46,209		1,304,018
Lions Gate Entertainment Corp. Class Ba,b		87,979		2,312,088
Madison Square Garden Co. (The)a,b		42,105		8,290,475
News Corp. Class A		951,111		13,030,221
News Corp. Class B		302,943		4,286,643
Regal Entertainment Group Class A		207,054		4,236,325
Scripps Networks Interactive Inc. Class A		96,987		6,625,182
Sirius XM Holdings Inc.b		191,475		1,047,368
TEGNA Inc.		535,783		7,720,633
Tribune Media Co. Class A		181,001		7,379,411
Viacom Inc. Class Ab		25,024		952,163
Viacom Inc. Class B NVS		877,762		29,466,470
				197,216,918
METALS & MINING — 2.02%
Alcoa Corp.		461,429		15,065,657
Freeport-McMoRan Inc.a		2,713,836		32,593,170
Newmont Mining Corp.		1,334,357		43,219,823
Nucor Corp.		797,515		46,152,193
Reliance Steel & Aluminum Co.		176,672		12,863,488
Royal Gold Inc.		102,079		7,979,515
Southern Copper Corp.		21,890		758,051
Steel Dynamics Inc.		505,766		18,111,481
Tahoe Resources Inc.		769,838		6,636,004
U.S. Steel Corp.		432,773		9,581,594
				192,960,976
MORTGAGE REAL ESTATE INVESTMENT — 1.06%
AGNC Investment Corp.b		886,925		18,882,633
Annaly Capital Management Inc.b		2,542,192		30,633,414
Chimera Investment Corp.b		467,440		8,708,407
MFA Financial Inc.		984,404		8,259,149
New Residential Investment Corp.		766,007		11,919,069
Starwood Property Trust Inc.b		636,310		14,246,981
Two Harbors Investment Corp.		864,124		8,563,469
				101,213,122

496

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP VALUE ETF

June 30, 2017

Security	Shares		Value
MULTI-UTILITIES — 4.65%
Ameren Corp.		605,738	$	33,115,697
CenterPoint Energy Inc.		1,077,702		29,507,481
CMS Energy Corp.		698,165		32,290,131
Consolidated Edison Inc.		765,035		61,830,129
DTE Energy Co.		447,090		47,297,651
MDU Resources Group Inc.		484,720		12,699,664
NiSource Inc.		810,615		20,557,196
Public Service Enterprise Group Inc.		1,263,518		54,343,909
SCANA Corp.		328,507		22,013,254
Sempra Energy		627,644		70,766,861
Vectren Corp.		207,554		12,129,456
WEC Energy Group Inc.		789,248		48,444,042
				444,995,471
MULTILINE RETAIL — 0.70%
Dollar General Corp.		425,333		30,662,256
Dollar Tree Inc.a		30,500		2,132,560
Kohl’s Corp.		428,775		16,580,730
Macy’s Inc.		762,376		17,717,618
				67,093,164
OIL, GAS & CONSUMABLE FUELS — 6.42%
Antero Resources Corp.a,b		291,886		6,307,656
Apache Corp.		902,012		43,233,435
Cabot Oil & Gas Corp.		339,109		8,504,854
Centennial Resource Development Inc./DE Class Aa		276,279		4,370,734
Cheniere Energy Inc.a,b		172,859		8,419,962
Chesapeake Energy Corp.a,b		2,104,381		10,458,774
Cimarex Energy Co.		15,928		1,497,391
Concho Resources Inc.a		368,171		44,743,822
CONSOL Energy Inc.a		567,936		8,484,964
Continental Resources Inc./OKa,b		121,790		3,937,471
Devon Energy Corp.		1,218,554		38,957,171
Diamondback Energy Inc.a,b		190,229		16,894,238
Energen Corp.a		242,230		11,958,895
EQT Corp.b		431,719		25,294,416
Extraction Oil & Gas Inc.a,b		300,156		4,037,098
Gulfport Energy Corp.a,b		358,003		5,280,544
Hess Corp.		707,115		31,021,135
HollyFrontier Corp.		442,238		12,148,278
Kosmos Energy Ltd.a,b		437,141		2,802,074
Marathon Oil Corp.		2,121,336		25,137,832

Security	Shares		Value
Marathon Petroleum Corp.		1,286,139	$	67,303,654
Murphy Oil Corp.		406,976		10,430,795
Noble Energy Inc.		1,203,052		34,046,372
Parsley Energy Inc. Class Aa		196,547		5,454,179
PBF Energy Inc. Class A		272,982		6,076,579
QEP Resources Inc.a		597,733		6,037,103
Range Resources Corp.b		574,186		13,303,890
Rice Energy Inc.a,b		294,742		7,848,979
RSP Permian Inc.a,b		162,878		5,256,073
SM Energy Co.		268,080		4,431,362
Southwestern Energy Co.a		1,260,279		7,662,496
Targa Resources Corp.		486,837		22,005,032
Tesoro Corp.		383,097		35,857,879
Whiting Petroleum Corp.a,b		898,060		4,948,311
Williams Companies Inc. (The)		1,765,573		53,461,550
World Fuel Services Corp.		169,608		6,521,428
WPX Energy Inc.a,b		987,894		9,543,056
				613,679,482
PAPER & FOREST PRODUCTS — 0.06%
Domtar Corp.		155,296		5,966,472
				5,966,472
PERSONAL PRODUCTS — 0.40%
Coty Inc. Class A		1,166,577		21,884,985
Edgewell Personal Care Co.a		142,961		10,867,895
Nu Skin Enterprises Inc. Class A		93,845		5,897,220
				38,650,100
PHARMACEUTICALS — 0.98%
Akorn Inc.a		11,401		382,390
Endo International PLCa		555,994		6,210,453
Mallinckrodt PLCa		247,150		11,074,791
Mylan NVa		1,332,511		51,728,077
Perrigo Co. PLC		319,826		24,153,260
				93,548,971
PROFESSIONAL SERVICES — 0.81%
Dun & Bradstreet Corp. (The)		55,806		6,035,419
IHS Markit Ltd.a		420,148		18,503,318
ManpowerGroup Inc.		167,146		18,661,851
Nielsen Holdings PLC		892,437		34,501,614
				77,702,202
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.53%
CBRE Group Inc. Class Aa		411,456		14,976,998
Howard Hughes Corp. (The)a		84,965		10,437,101

497

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP VALUE ETF

June 30, 2017

Security	Shares		Value
Jones Lang LaSalle Inc.		112,654	$	14,081,750
Realogy Holdings Corp.		339,385		11,013,043
				50,508,892
ROAD & RAIL — 0.60%
AMERCO		12,526		4,585,268
Genesee & Wyoming Inc. Class Aa,b		151,999		10,395,212
Kansas City Southern		263,937		27,621,007
Old Dominion Freight Line Inc.b		57,719		5,497,157
Ryder System Inc.		132,653		9,548,363
				57,647,007
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.62%
Cypress Semiconductor Corp.		751,920		10,263,708
First Solar Inc.a		203,440		8,113,187
Marvell Technology Group Ltd.		1,005,776		16,615,419
Microsemi Corp.a		54,372		2,544,610
ON Semiconductor Corp.a		58,317		818,771
Qorvo Inc.a,b		151,283		9,579,240
Teradyne Inc.		33,223		997,687
Versum Materials Inc.		246,765		8,019,862
Xilinx Inc.		33,567		2,159,029
				59,111,513
SOFTWARE — 1.01%
Autodesk Inc.a		94,377		9,515,089
CA Inc.		786,754		27,119,410
FireEye Inc.a,b		437,499		6,654,360
Guidewire Software Inc.a,b		112,566		7,734,410
Nuance Communications Inc.a		716,153		12,468,224
SS&C Technologies Holdings Inc.		32,737		1,257,428
Synopsys Inc.a		344,818		25,147,577
Zynga Inc. Class Aa		1,889,560		6,877,998
				96,774,496
SPECIALTY RETAIL — 2.44%
Advance Auto Parts Inc.		130,144		15,173,489
AutoNation Inc.a,b		160,117		6,750,533
AutoZone Inc.a		10,195		5,815,840
Bed Bath & Beyond Inc.		348,681		10,599,902
Best Buy Co. Inc.		659,651		37,817,792
Burlington Stores Inc.a,b		73,632		6,773,408
Cabela’s Inc.a		121,641		7,227,908
Dick’s Sporting Goods Inc.		47,251		1,882,007
Foot Locker Inc.		303,415		14,952,291

Security	Shares		Value
GameStop Corp. Class A		248,164	$	5,362,824
Gap Inc. (The)		569,627		12,526,098
L Brands Inc.		503,867		27,153,393
Michaels Companies Inc. (The)a		59,688		1,105,422
Murphy USA Inc.a,b		86,013		6,374,423
Penske Automotive Group Inc.		88,810		3,899,647
Sally Beauty Holdings Inc.a		224,341		4,542,905
Signet Jewelers Ltd.		170,589		10,788,048
Staples Inc.		1,632,089		16,435,136
Tiffany & Co.		269,562		25,303,785
Urban Outfitters Inc.a,b		214,768		3,981,799
Williams-Sonoma Inc.		173,841		8,431,289
				232,897,939
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.79%
NetApp Inc.		98,388		3,940,439
Western Digital Corp.		624,786		55,356,040
Xerox Corp.		572,918		16,459,934
				75,756,413
TEXTILES, APPAREL & LUXURY GOODS — 1.01%
Coach Inc.		584,519		27,671,129
Michael Kors Holdings Ltd.a		355,826		12,898,692
PVH Corp.		193,760		22,185,520
Ralph Lauren Corp.		140,611		10,377,092
Skechers U.S.A. Inc. Class Aa		186,013		5,487,384
Under Armour Inc. Class Aa,b		124,309		2,704,964
Under Armour Inc. Class Ca		126,161		2,543,406
VF Corp.		214,527		12,356,755
				96,224,942
THRIFTS & MORTGAGE FINANCE — 0.18%
New York Community Bancorp. Inc.		1,187,182		15,587,700
TFS Financial Corp.		131,106		2,028,210
				17,615,910
TRADING COMPANIES & DISTRIBUTORS — 0.23%
Air Lease Corp.		226,046		8,445,079
MSC Industrial Direct Co. Inc. Class A		64,947		5,582,844
WESCO International Inc.a		121,616		6,968,597
WW Grainger Inc.		7,621		1,375,819
				22,372,339

498

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP VALUE ETF

June 30, 2017

Security	Shares		Value
TRANSPORTATION INFRASTRUCTURE — 0.16%
Macquarie Infrastructure Corp.		194,350	$	15,237,040
				15,237,040
WATER UTILITIES — 0.52%
American Water Works Co. Inc.		445,691		34,741,613
Aqua America Inc.		443,893		14,781,637
				49,523,250
WIRELESS TELECOMMUNICATION SERVICES — 0.08%
Telephone & Data Systems Inc.		241,427		6,699,599
U.S. Cellular Corp.a		32,914		1,261,264
				7,960,863
TOTAL COMMON STOCKS
(Cost: $8,351,854,828)				9,528,571,154
SHORT-TERM INVESTMENTS — 4.23%
MONEY MARKET FUNDS — 4.23%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		384,920,494		385,035,969
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		19,753,296		19,753,296
				404,789,265
TOTAL SHORT-TERM INVESTMENTS
(Cost: $404,729,044)				404,789,265

	Value
TOTAL INVESTMENTS IN SECURITIES — 103.84%
(Cost: $8,756,583,872)f	$	9,933,360,419
Other Assets, Less Liabilities — (3.84)%		(367,341,065	)
NET ASSETS — 100.00%	$	9,566,019,354

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $8,959,433,696. Net unrealized appreciation was $973,926,723, of which $1,594,424,896 represented gross unrealized appreciation on securities and $620,498,173 represented gross unrealized depreciation on securities.

Schedule 1 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		49		Sep. 2017		Chicago Mercantile	$	5,947,415	$	5,931,205	$	(16,210	)
S&P MidCap 400 E-Mini		178		Sep. 2017		Chicago Mercantile		31,011,534		31,080,580		69,046
								Net unrealized appreciation			$	52,836

499

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL MID-CAP VALUE ETF

June 30, 2017

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	9,528,571,154		$	—	$	—	$	9,528,571,154
Money market funds		404,789,265			—		—		404,789,265
Total	$	9,933,360,419		$	—	$	—	$	9,933,360,419
Derivative financial instrumentsa:
Assets:
Futures contracts	$	69,046		$	—	$	—	$	69,046
Liabilities:
Futures contracts		(16,210	)		—		—		(16,210	)
Total	$	52,836		$	—	$	—	$	52,836

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

500

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL TOP 200 ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.80%
AEROSPACE & DEFENSE — 2.48%
Boeing Co. (The)		3,798	$	751,054
General Dynamics Corp.		1,734		343,505
Lockheed Martin Corp.		1,673		464,442
Northrop Grumman Corp.		1,077		276,477
Raytheon Co.		1,943		313,756
United Technologies Corp.		4,983		608,474
				2,757,708
AIR FREIGHT & LOGISTICS — 0.78%
FedEx Corp.		1,652		359,029
United Parcel Service Inc. Class B		4,600		508,714
				867,743
AIRLINES — 0.43%
Delta Air Lines Inc.		4,510		242,367
Southwest Airlines Co.		3,747		232,839
				475,206
AUTOMOBILES — 0.83%
Ford Motor Co.		25,979		290,705
General Motors Co.		9,148		319,540
Tesla Inc.a,b		867		313,516
				923,761
BANKS — 7.07%
Bank of America Corp.		66,519		1,613,751
BB&T Corp.		5,409		245,623
Citigroup Inc.		18,399		1,230,525
JPMorgan Chase & Co.		23,621		2,158,959
PNC Financial Services Group Inc. (The)c		3,231		403,455
U.S. Bancorp.		10,568		548,691
Wells Fargo & Co.		30,001		1,662,355
				7,863,359
BEVERAGES — 2.34%
Coca-Cola Co. (The)		25,663		1,150,986
Constellation Brands Inc. Class A		1,080		209,228
Monster Beverage Corp.a		2,737		135,974
PepsiCo Inc.		9,541		1,101,890
				2,598,078
BIOTECHNOLOGY — 3.54%
AbbVie Inc.		10,637		771,289
Alexion Pharmaceuticals Inc.a		1,462		177,881

Security	Shares		Value
Amgen Inc.		4,912	$	845,994
Biogen Inc.a		1,416		384,246
Celgene Corp.a		5,173		671,817
Gilead Sciences Inc.		8,686		614,795
Regeneron Pharmaceuticals Inc.a		523		256,866
Vertex Pharmaceuticals Inc.a		1,665		214,569
				3,937,457
BUILDING PRODUCTS — 0.24%
Johnson Controls International PLC		6,249		270,957
				270,957
CAPITAL MARKETS — 2.78%
Bank of New York Mellon Corp. (The)		6,730		343,365
BlackRock Inc.c		828		349,755
Charles Schwab Corp. (The)		7,908		339,728
CME Group Inc.		2,259		282,917
Franklin Resources Inc.		2,231		99,927
Goldman Sachs Group Inc. (The)		2,451		543,877
Intercontinental Exchange Inc.		3,919		258,340
Morgan Stanley		8,814		392,752
S&P Global Inc.		1,721		251,249
State Street Corp.		2,499		224,235
				3,086,145
CHEMICALS — 2.32%
Air Products & Chemicals Inc.		1,427		204,147
Dow Chemical Co. (The)		8,152		514,147
Ecolab Inc.		1,713		227,401
EI du Pont de Nemours & Co.		5,797		467,876
LyondellBasell Industries NV Class A		2,205		186,080
Monsanto Co.		2,928		346,558
PPG Industries Inc.		1,710		188,031
Praxair Inc.		1,901		251,977
Sherwin-Williams Co. (The)		547		191,975
				2,578,192
COMMERCIAL SERVICES & SUPPLIES — 0.20%
Waste Management Inc.		2,950		216,383
				216,383
COMMUNICATIONS EQUIPMENT — 0.94%
Cisco Systems Inc.		33,478		1,047,861
				1,047,861

501

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL TOP 200 ETF

June 30, 2017

Security	Shares		Value
CONSUMER FINANCE — 0.61%
American Express Co.		4,955	$	417,409
Capital One Financial Corp.		3,214		265,541
				682,950
DIVERSIFIED FINANCIAL SERVICES — 1.96%
Berkshire Hathaway Inc. Class Ba		12,849		2,176,235
				2,176,235
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.49%
AT&T Inc.		41,092		1,550,401
Verizon Communications Inc.		27,280		1,218,325
				2,768,726
ELECTRIC UTILITIES — 1.64%
American Electric Power Co. Inc.		3,276		227,584
Duke Energy Corp.		4,679		391,118
Exelon Corp.		6,179		222,876
NextEra Energy Inc.		3,123		437,626
PG&E Corp.		3,414		226,587
Southern Co. (The)		6,631		317,492
				1,823,283
ELECTRICAL EQUIPMENT — 0.44%
Eaton Corp. PLC		2,981		232,011
Emerson Electric Co.		4,291		255,830
				487,841
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.16%
Corning Inc.		6,046		181,682
				181,682
ENERGY EQUIPMENT & SERVICES — 0.77%
Halliburton Co.		5,788		247,206
Schlumberger Ltd.		9,281		611,061
				858,267
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 1.38%
American Tower Corp.		2,813		372,216
Crown Castle International Corp.		2,439		244,339
Equinix Inc.		518		222,305
Equity Residential		2,381		156,741
Public Storage		984		205,194
Simon Property Group Inc.		2,075		335,652
				1,536,447

Security	Shares		Value
FOOD & STAPLES RETAILING — 2.29%
Costco Wholesale Corp.		2,921	$	467,155
CVS Health Corp.		6,799		547,048
Kroger Co. (The)		6,071		141,576
Sysco Corp.		3,286		165,384
Wal-Mart Stores Inc.		9,732		736,518
Walgreens Boots Alliance Inc.		6,249		489,359
				2,547,040
FOOD PRODUCTS — 1.02%
Archer-Daniels-Midland Co.		3,714		153,685
General Mills Inc.		3,846		213,068
Kraft Heinz Co. (The)		4,012		343,588
Mondelez International Inc. Class A		9,792		422,917
				1,133,258
HEALTH CARE EQUIPMENT & SUPPLIES — 2.69%
Abbott Laboratories		11,294		549,001
Baxter International Inc.		3,302		199,903
Becton Dickinson and Co.		1,492		291,104
Boston Scientific Corp.a		9,131		253,111
Danaher Corp.		4,091		345,240
Intuitive Surgical Inc.a		244		228,230
Medtronic PLC		9,152		812,240
Stryker Corp.		2,270		315,031
				2,993,860
HEALTH CARE PROVIDERS & SERVICES — 2.72%
Aetna Inc.		2,163		328,408
Anthem Inc.		1,770		332,990
Cigna Corp.		1,655		277,031
Express Scripts Holding Co.a		4,021		256,701
HCA Healthcare Inc.a		1,974		172,133
Humana Inc.		962		231,476
McKesson Corp.		1,419		233,482
UnitedHealth Group Inc.		6,403		1,187,244
				3,019,465
HOTELS, RESTAURANTS & LEISURE — 1.89%
Carnival Corp.		2,704		177,301
Las Vegas Sands Corp.		2,401		153,400
Marriott International Inc./MD Class A		2,110		211,654
McDonald’s Corp.		5,450		834,722
Starbucks Corp.		9,422		549,397
Yum! Brands Inc.		2,339		172,525
				2,098,999

502

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL TOP 200 ETF

June 30, 2017

Security	Shares		Value
HOUSEHOLD PRODUCTS — 2.00%
Colgate-Palmolive Co.		5,748	$	426,099
Kimberly-Clark Corp.		2,364		305,216
Procter & Gamble Co. (The)		17,110		1,491,137
				2,222,452
INDUSTRIAL CONGLOMERATES — 2.75%
3M Co.		3,873		806,320
General Electric Co.		58,056		1,568,092
Honeywell International Inc.		5,086		677,913
				3,052,325
INSURANCE — 2.37%
Aflac Inc.		2,592		201,347
Allstate Corp. (The)		2,430		214,909
American International Group Inc.		6,160		385,123
Aon PLC		1,735		230,668
Chubb Ltd.		3,112		452,422
Marsh & McLennan Companies Inc.		3,432		267,559
MetLife Inc.		6,113		335,848
Prudential Financial Inc.		2,863		309,605
Travelers Companies Inc. (The)		1,864		235,852
				2,633,333
INTERNET & DIRECT MARKETING RETAIL — 3.23%
Amazon.com Inc.a		2,654		2,569,072
Netflix Inc.a		2,745		410,130
Priceline Group Inc. (The)a		328		613,531
				3,592,733
INTERNET SOFTWARE & SERVICES — 5.64%
Alphabet Inc. Class Aa		1,988		1,848,204
Alphabet Inc. Class Ca		2,019		1,834,726
eBay Inc.a		6,769		236,373
Facebook Inc. Class Aa		15,589		2,353,627
				6,272,930
IT SERVICES — 3.86%
Accenture PLC Class A		4,140		512,035
Automatic Data Processing Inc.		2,988		306,150
Cognizant Technology Solutions Corp. Class A		3,903		259,159
International Business Machines Corp.		5,738		882,677
MasterCard Inc. Class A		6,291		764,042
PayPal Holdings Inc.a		7,552		405,316
Visa Inc. Class A		12,340		1,157,245
				4,286,624

Security	Shares		Value
LIFE SCIENCES TOOLS & SERVICES — 0.41%
Thermo Fisher Scientific Inc.		2,604	$	454,320
				454,320
MACHINERY — 0.87%
Caterpillar Inc.		3,792		407,489
Deere & Co.		2,124		262,505
Illinois Tool Works Inc.		2,033		291,227
				961,221
MEDIA — 3.44%
CBS Corp. Class B NVS		2,362		150,648
Charter Communications Inc. Class Aa		1,322		445,316
Comcast Corp. Class A		31,456		1,224,268
DISH Network Corp. Class Aa		1,474		92,508
Time Warner Inc.		5,179		520,023
Twenty-First Century Fox Inc. Class A NVS		6,958		197,190
Twenty-First Century Fox Inc. Class B		2,925		81,520
Walt Disney Co. (The)		10,454		1,110,737
				3,822,210
MULTI-UTILITIES — 0.29%
Dominion Energy Inc.		4,192		321,233
				321,233
MULTILINE RETAIL — 0.17%
Target Corp.		3,668		191,800
				191,800
OIL, GAS & CONSUMABLE FUELS — 5.09%
Anadarko Petroleum Corp.		3,764		170,660
Chevron Corp.		12,625		1,317,166
ConocoPhillips		8,260		363,110
EOG Resources Inc.		3,850		348,502
Exxon Mobil Corp.		28,319		2,286,193
Kinder Morgan Inc./DE		12,859		246,378
Occidental Petroleum Corp.		5,089		304,678
Phillips 66		2,911		240,711
Pioneer Natural Resources Co.		1,128		180,006
Valero Energy Corp.		2,983		201,233
				5,658,637
PERSONAL PRODUCTS — 0.13%
Estee Lauder Companies Inc. (The) Class A		1,448		138,979
				138,979

503

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL TOP 200 ETF

June 30, 2017

Security	Shares		Value
PHARMACEUTICALS — 5.92%
Allergan PLC		2,242	$	545,008
Bristol-Myers Squibb Co.		11,000		612,920
Eli Lilly & Co.		6,536		537,913
Johnson & Johnson		18,012		2,382,807
Merck & Co. Inc.		18,287		1,172,014
Pfizer Inc.		39,509		1,327,107
				6,577,769
ROAD & RAIL — 1.03%
CSX Corp.		5,875		320,540
Norfolk Southern Corp.		1,932		235,124
Union Pacific Corp.		5,395		587,570
				1,143,234
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.63%
Applied Materials Inc.		7,207		297,721
Broadcom Ltd.		2,664		620,845
Intel Corp.		31,483		1,062,237
Micron Technology Inc.a		6,984		208,542
NVIDIA Corp.		3,796		548,750
NXP Semiconductors NVa		2,223		243,307
QUALCOMM Inc.		9,870		545,021
Texas Instruments Inc.		6,664		512,662
				4,039,085
SOFTWARE — 5.42%
Activision Blizzard Inc.		4,937		284,223
Adobe Systems Inc.a		3,297		466,327
Electronic Arts Inc.a		2,001		211,546
Intuit Inc.		1,621		215,285
Microsoft Corp.		50,097		3,453,186
Oracle Corp.		19,202		962,788
salesforce.com Inc.a		4,513		390,826
VMware Inc. Class Aa,b		476		41,617
				6,025,798
SPECIALTY RETAIL — 1.79%
Home Depot Inc. (The)		8,026		1,231,188
Lowe’s Companies Inc.		5,728		444,092
TJX Companies Inc. (The)		4,303		310,548
				1,985,828

Security	Shares		Value
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 4.86%
Apple Inc.		34,850	$	5,019,097
Hewlett Packard Enterprise Co.		11,066		183,585
HP Inc.		11,310		197,699
				5,400,381
TEXTILES, APPAREL & LUXURY GOODS — 0.47%
NIKE Inc. Class B		8,842		521,678
				521,678
TOBACCO — 2.28%
Altria Group Inc.		12,906		961,110
Philip Morris International Inc.		10,358		1,216,547
Reynolds American Inc.		5,500		357,720
				2,535,377
WIRELESS TELECOMMUNICATION SERVICES — 0.14%
Sprint Corp.a		4,194		34,433
T-Mobile U.S. Inc.a		1,961		118,876
				153,309
TOTAL COMMON STOCKS (Cost: $97,724,381)				110,922,159
SHORT-TERM INVESTMENTS — 0.31%
MONEY MARKET FUNDS — 0.31%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		208,704		208,767
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		137,663		137,663
				346,430
TOTAL SHORT-TERM INVESTMENTS (Cost: $346,418)				346,430

504

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL TOP 200 ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 100.11% (Cost: $98,070,799)g	$	111,268,589
Other Assets, Less Liabilities — (0.11)%		(116,774	)
NET ASSETS — 100.00%	$	111,151,815

NVS  —  Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated issuer. See Schedule 1.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $98,233,588. Net unrealized appreciation was $13,035,001, of which $17,261,629 represented gross unrealized appreciation on securities and $4,226,628 represented gross unrealized depreciation on securities.

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		786		48		(6	)		828	$	349,755	$	2,070	$	14
PNC Financial Services Group Inc. (The)		3,142		194		(105	)		3,231		403,455		1,728		(240	)
										$	753,210	$	3,798	$	(226	)

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	110,922,159	$	—	$	—	$	110,922,159
Money market funds		346,430		—		—		346,430
Total	$	111,268,589	$	—	$	—	$	111,268,589

505

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL TOP 200 GROWTH ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.78%
AEROSPACE & DEFENSE — 2.97%
Boeing Co. (The)		62,044	$	12,269,201
General Dynamics Corp.		11,582		2,294,394
Lockheed Martin Corp.		24,590		6,826,430
Northrop Grumman Corp.		17,592		4,516,042
Raytheon Co.		11,780		1,902,235
				27,808,302
AIR FREIGHT & LOGISTICS — 1.52%
FedEx Corp.		26,995		5,866,823
United Parcel Service Inc. Class B		75,247		8,321,566
				14,188,389
AIRLINES — 0.41%
Southwest Airlines Co.		61,219		3,804,149
				3,804,149
AUTOMOBILES — 0.55%
Tesla Inc.a,b		14,165		5,122,206
				5,122,206
BEVERAGES — 3.78%
Coca-Cola Co. (The)		313,599		14,064,915
Constellation Brands Inc. Class A		17,635		3,416,429
Monster Beverage Corp.a		45,034		2,237,289
PepsiCo Inc.		135,603		15,660,790
				35,379,423
BIOTECHNOLOGY — 5.41%
AbbVie Inc.		173,772		12,600,208
Alexion Pharmaceuticals Inc.a		19,146		2,329,494
Amgen Inc.		23,116		3,981,268
Biogen Inc.a		21,737		5,898,552
Celgene Corp.a		84,513		10,975,703
Gilead Sciences Inc.		101,455		7,180,985
Regeneron Pharmaceuticals Inc.a		8,541		4,194,827
Vertex Pharmaceuticals Inc.a		27,101		3,492,506
				50,653,543
CAPITAL MARKETS — 1.14%
Charles Schwab Corp. (The)		102,839		4,417,963
Intercontinental Exchange Inc.		30,410		2,004,627
S&P Global Inc.		28,112		4,104,071
State Street Corp.		2,083		186,908
				10,713,569

Security	Shares		Value
CHEMICALS — 2.99%
Ecolab Inc.		27,982	$	3,714,610
EI du Pont de Nemours & Co.		94,710		7,644,044
LyondellBasell Industries NV Class A		15,692		1,324,248
Monsanto Co.		47,827		5,660,804
PPG Industries Inc.		25,982		2,856,981
Praxair Inc.		27,337		3,623,519
Sherwin-Williams Co. (The)		8,931		3,134,424
				27,958,630
COMMERCIAL SERVICES & SUPPLIES — 0.31%
Waste Management Inc.		39,816		2,920,504
				2,920,504
CONSUMER FINANCE — 0.03%
Capital One Financial Corp.		3,306		273,142
				273,142
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.06%
Verizon Communications Inc.		222,818		9,951,052
				9,951,052
ELECTRICAL EQUIPMENT — 0.06%
Emerson Electric Co.		9,949		593,159
				593,159
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.02%
Corning Inc.		5,727		172,096
				172,096
ENERGY EQUIPMENT & SERVICES — 0.29%
Halliburton Co.		63,810		2,725,325
				2,725,325
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.35%
American Tower Corp.		46,047		6,092,939
Crown Castle International Corp.		39,846		3,991,772
Equinix Inc.		8,467		3,633,698
Public Storage		16,126		3,362,755
Simon Property Group Inc.		30,699		4,965,870
				22,047,034
FOOD & STAPLES RETAILING — 1.39%
Costco Wholesale Corp.		47,606		7,613,628
Kroger Co. (The)		53,662		1,251,398
Sysco Corp.		53,686		2,702,016
Walgreens Boots Alliance Inc.		18,990		1,487,107
				13,054,149

506

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL TOP 200 GROWTH ETF

June 30, 2017

Security	Shares		Value
FOOD PRODUCTS — 0.26%
General Mills Inc.		44,672	$	2,474,829
				2,474,829
HEALTH CARE EQUIPMENT & SUPPLIES — 2.03%
Baxter International Inc.		5,055		306,030
Becton Dickinson and Co.		24,371		4,755,026
Boston Scientific Corp.a		148,874		4,126,787
Intuitive Surgical Inc.a		3,980		3,722,773
Medtronic PLC		10,912		968,440
Stryker Corp.		37,070		5,144,574
				19,023,630
HEALTH CARE PROVIDERS & SERVICES — 3.15%
Aetna Inc.		11,381		1,727,977
Cigna Corp.		23,681		3,963,963
Express Scripts Holding Co.a		4,453		284,279
HCA Healthcare Inc.a		2,289		199,601
Humana Inc.		14,787		3,558,048
McKesson Corp.		2,404		395,554
UnitedHealth Group Inc.		104,587		19,392,522
				29,521,944
HOTELS, RESTAURANTS & LEISURE — 3.35%
Las Vegas Sands Corp.		39,346		2,513,816
Marriott International Inc./MD Class A		34,474		3,458,087
McDonald’s Corp.		89,037		13,636,907
Starbucks Corp.		153,920		8,975,075
Yum! Brands Inc.		38,002		2,803,027
				31,386,912
HOUSEHOLD PRODUCTS — 0.70%
Colgate-Palmolive Co.		14,836		1,099,793
Kimberly-Clark Corp.		32,901		4,247,848
Procter & Gamble Co. (The)		14,248		1,241,713
				6,589,354
INDUSTRIAL CONGLOMERATES — 2.57%
3M Co.		63,269		13,171,973
General Electric Co.		165,033		4,457,541
Honeywell International Inc.		48,507		6,465,498
				24,095,012
INSURANCE — 1.06%
Allstate Corp. (The)		10,997		972,575
American International Group Inc.		12,176		761,244
Aon PLC		28,382		3,773,387

Security	Shares		Value
Marsh & McLennan Companies Inc.		56,062	$	4,370,593
				9,877,799
INTERNET & DIRECT MARKETING RETAIL — 6.26%
Amazon.com Inc.a		43,355		41,967,640
Netflix Inc.a		44,741		6,684,753
Priceline Group Inc. (The)a		5,356		10,018,505
				58,670,898
INTERNET SOFTWARE & SERVICES — 10.53%
Alphabet Inc. Class Aa		32,476		30,192,288
Alphabet Inc. Class Ca		32,994		29,982,638
Facebook Inc. Class Aa		254,680		38,451,586
				98,626,512
IT SERVICES — 7.00%
Accenture PLC Class A		67,639		8,365,592
Automatic Data Processing Inc.		48,811		5,001,175
Cognizant Technology Solutions Corp. Class A		63,766		4,234,062
International Business Machines Corp.		64,401		9,906,806
MasterCard Inc. Class A		102,770		12,481,416
PayPal Holdings Inc.a		123,489		6,627,655
Visa Inc. Class Ab		201,604		18,906,423
				65,523,129
LIFE SCIENCES TOOLS & SERVICES — 0.36%
Thermo Fisher Scientific Inc.		19,186		3,347,381
				3,347,381
MACHINERY — 1.61%
Caterpillar Inc.		56,131		6,031,837
Deere & Co.		34,700		4,288,573
Illinois Tool Works Inc.		33,213		4,757,762
				15,078,172
MEDIA — 4.24%
CBS Corp. Class B NVS		38,830		2,476,577
Charter Communications Inc. Class Aa		14,539		4,897,462
Comcast Corp. Class A		475,358		18,500,933
DISH Network Corp. Class Aa		18,621		1,168,654
Twenty-First Century Fox Inc. Class A NVS		5,797		164,287
Twenty-First Century Fox Inc. Class B		2,439		67,975

507

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL TOP 200 GROWTH ETF

June 30, 2017

Security	Shares		Value
Walt Disney Co. (The)		116,642	$	12,393,213
				39,669,101
OIL, GAS & CONSUMABLE FUELS — 0.06%
EOG Resources Inc.		5,914		535,335
				535,335
PERSONAL PRODUCTS — 0.24%
Estee Lauder Companies Inc. (The) Class A		23,775		2,281,924
				2,281,924
PHARMACEUTICALS — 2.21%
Bristol-Myers Squibb Co.		88,419		4,926,707
Eli Lilly & Co.		106,550		8,769,065
Johnson & Johnson		45,022		5,955,960
Merck & Co. Inc.		16,433		1,053,191
				20,704,923
ROAD & RAIL — 1.43%
CSX Corp.		86,187		4,702,363
Union Pacific Corp.		79,942		8,706,483
				13,408,846
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.97%
Applied Materials Inc.		117,743		4,863,964
Broadcom Ltd.		43,519		10,142,103
Micron Technology Inc.a		86,262		2,575,783
NVIDIA Corp.		62,018		8,965,322
NXP Semiconductors NVa		20,554		2,249,635
Texas Instruments Inc.		108,874		8,375,677
				37,172,484
SOFTWARE — 8.97%
Activision Blizzard Inc.		80,662		4,643,711
Adobe Systems Inc.a		53,872		7,619,656
Electronic Arts Inc.a		32,688		3,455,775
Intuit Inc.		26,512		3,521,059
Microsoft Corp.		818,437		56,414,862
Oracle Corp.		25,412		1,274,158
salesforce.com Inc.a		73,728		6,384,845
VMware Inc. Class Aa,b		7,769		679,244
				83,993,310
SPECIALTY RETAIL — 3.46%
Home Depot Inc. (The)		131,112		20,112,581
Lowe’s Companies Inc.		93,572		7,254,637
TJX Companies Inc. (The)		70,304		5,073,840
				32,441,058

Security	Shares		Value
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 8.75%
Apple Inc.		569,340	$	81,996,347
				81,996,347
TEXTILES, APPAREL & LUXURY GOODS — 0.91%
NIKE Inc. Class B		144,180		8,506,620
				8,506,620
TOBACCO — 2.25%
Altria Group Inc.		210,846		15,701,702
Philip Morris International Inc.		15,242		1,790,173
Reynolds American Inc.		55,384		3,602,175
				21,094,050
WIRELESS TELECOMMUNICATION SERVICES — 0.13%
T-Mobile U.S. Inc.a		19,766		1,198,215
				1,198,215
TOTAL COMMON STOCKS (Cost: $702,363,793)				934,582,457
SHORT-TERM INVESTMENTS — 2.36%
MONEY MARKET FUNDS — 2.36%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		20,501,899		20,508,049
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		1,548,870		1,548,870
				22,056,919
TOTAL SHORT-TERM INVESTMENTS (Cost: $22,058,453)				22,056,919

508

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL TOP 200 GROWTH ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 102.14% (Cost: $724,422,246)f	$	956,639,376
Other Assets, Less Liabilities — (2.14)%		(20,017,242	)
NET ASSETS — 100.00%	$	936,622,134

NVS — Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $727,041,145. Net unrealized appreciation was $229,598,231, of which $236,265,982 represented gross unrealized appreciation on securities and $6,667,751 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	934,582,457	$	—	$	—	$	934,582,457
Money market funds		22,056,919		—		—		22,056,919
Total	$	956,639,376	$	—	$	—	$	956,639,376

509

Schedule of Investments (Unaudited)

iSHARES^® RUSSELL TOP 200 VALUE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.86%
AEROSPACE & DEFENSE — 1.96%
General Dynamics Corp.		4,493	$	890,063
Lockheed Martin Corp.		737		204,599
Raytheon Co.		5,379		868,601
United Technologies Corp.		21,943		2,679,460
				4,642,723
AIRLINES — 0.45%
Delta Air Lines Inc.		19,850		1,066,739
				1,066,739
AUTOMOBILES — 1.13%
Ford Motor Co.		114,434		1,280,516
General Motors Co.		40,259		1,406,247
				2,686,763
BANKS — 14.62%
Bank of America Corp.		292,753		7,102,188
BB&T Corp.		23,726		1,077,398
Citigroup Inc.		80,975		5,415,608
JPMorgan Chase & Co.		103,975		9,503,315
PNC Financial Services Group Inc. (The)a		14,218		1,775,402
U.S. Bancorp.		46,542		2,416,460
Wells Fargo & Co.		132,062		7,317,555
				34,607,926
BEVERAGES — 0.81%
Coca-Cola Co. (The)		28,461		1,276,476
PepsiCo Inc.		5,471		631,846
				1,908,322
BIOTECHNOLOGY — 1.55%
Alexion Pharmaceuticals Inc.b		1,234		150,141
Amgen Inc.		15,394		2,651,308
Biogen Inc.b		374		101,489
Gilead Sciences Inc.		10,894		771,077
				3,674,015
BUILDING PRODUCTS — 0.50%
Johnson Controls International PLC		27,502		1,192,487
				1,192,487
CAPITAL MARKETS — 4.52%
Bank of New York Mellon Corp. (The)		29,620		1,511,212
BlackRock Inc.a		3,654		1,543,486
Charles Schwab Corp. (The)		7,135		306,520

Security	Shares		Value
CME Group Inc.		9,966	$	1,248,142
Franklin Resources Inc.		9,853		441,316
Goldman Sachs Group Inc. (The)		10,793		2,394,967
Intercontinental Exchange Inc.		8,982		592,093
Morgan Stanley		38,790		1,728,482
State Street Corp.		10,437		936,512
				10,702,730
CHEMICALS — 1.61%
Air Products & Chemicals Inc.		6,280		898,417
Dow Chemical Co. (The)		35,878		2,262,825
LyondellBasell Industries NV Class A		5,468		461,445
PPG Industries Inc.		541		59,488
Praxair Inc.		1,024		135,731
				3,817,906
COMMERCIAL SERVICES & SUPPLIES — 0.07%
Waste Management Inc.		2,281		167,311
				167,311
COMMUNICATIONS EQUIPMENT — 1.95%
Cisco Systems Inc.		147,239		4,608,581
				4,608,581
CONSUMER FINANCE — 1.24%
American Express Co.		21,809		1,837,190
Capital One Financial Corp.		13,258		1,095,376
				2,932,566
DIVERSIFIED FINANCIAL SERVICES — 4.05%
Berkshire Hathaway Inc. Class Bb		56,558		9,579,229
				9,579,229
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.02%
AT&T Inc.		180,845		6,823,282
Verizon Communications Inc.		60,059		2,682,235
				9,505,517
ELECTRIC UTILITIES — 3.39%
American Electric Power Co. Inc.		14,472		1,005,370
Duke Energy Corp.		20,590		1,721,118
Exelon Corp.		27,193		980,851
NextEra Energy Inc.		13,745		1,926,087
PG&E Corp.		15,024		997,143
Southern Co. (The)		29,267		1,401,304
				8,031,873
ELECTRICAL EQUIPMENT — 0.84%
Eaton Corp. PLC		13,121		1,021,207
Emerson Electric Co.		16,193		965,427
				1,986,634

510

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL TOP 200 VALUE ETF

June 30, 2017

Security	Shares		Value
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.32%
Corning Inc.		25,066	$	753,233
				753,233
ENERGY EQUIPMENT & SERVICES — 1.29%
Halliburton Co.		8,239		351,888
Schlumberger Ltd.		40,865		2,690,551
				3,042,439
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 0.35%
Equity Residential		10,464		688,845
Simon Property Group Inc.		838		135,555
				824,400
FOOD & STAPLES RETAILING — 3.25%
CVS Health Corp.		29,921		2,407,444
Kroger Co. (The)		12,264		285,996
Wal-Mart Stores Inc.		42,850		3,242,888
Walgreens Boots Alliance Inc.		22,387		1,753,126
				7,689,454
FOOD PRODUCTS — 1.82%
Archer-Daniels-Midland Co.		16,348		676,481
General Mills Inc.		4,835		267,859
Kraft Heinz Co. (The)		17,655		1,511,974
Mondelez International Inc. Class A		43,095		1,861,273
				4,317,587
HEALTH CARE EQUIPMENT & SUPPLIES — 3.40%
Abbott Laboratories		49,703		2,416,063
Baxter International Inc.		13,276		803,729
Danaher Corp.		18,006		1,519,526
Medtronic PLC		37,339		3,313,836
				8,053,154
HEALTH CARE PROVIDERS & SERVICES — 2.25%
Aetna Inc.		6,456		980,215
Anthem Inc.		7,793		1,466,097
Cigna Corp.		903		151,153
Express Scripts Holding Co.b		16,434		1,049,147
HCA Healthcare Inc.b		8,071		703,791
Humana Inc.		250		60,155
McKesson Corp.		5,578		917,804
				5,328,362
HOTELS, RESTAURANTS & LEISURE — 0.33%
Carnival Corp.		11,957		784,021
				784,021

Security	Shares		Value
HOUSEHOLD PRODUCTS — 3.38%
Colgate-Palmolive Co.		21,257	$	1,575,782
Kimberly-Clark Corp.		1,540		198,829
Procter & Gamble Co. (The)		71,439		6,225,909
				8,000,520
INDUSTRIAL CONGLOMERATES — 2.93%
General Electric Co.		211,048		5,700,406
Honeywell International Inc.		9,309		1,240,797
				6,941,203
INSURANCE — 3.77%
Aflac Inc.		11,406		886,018
Allstate Corp. (The)		7,734		683,995
American International Group Inc.		23,780		1,486,725
Chubb Ltd.		13,665		1,986,618
MetLife Inc.		26,902		1,477,996
Prudential Financial Inc.		12,615		1,364,186
Travelers Companies Inc. (The)		8,202		1,037,799
				8,923,337
INTERNET SOFTWARE & SERVICES — 0.44%
eBay Inc.b		29,743		1,038,626
				1,038,626
IT SERVICES — 0.51%
International Business Machines Corp.		7,904		1,215,872
				1,215,872
LIFE SCIENCES TOOLS & SERVICES — 0.46%
Thermo Fisher Scientific Inc.		6,292		1,097,765
				1,097,765
MACHINERY — 0.07%
Caterpillar Inc.		1,569		168,605
				168,605
MEDIA — 2.59%
Charter Communications Inc. Class Ab		1,908		642,710
Comcast Corp. Class A		10,383		404,106
DISH Network Corp. Class Ab		1,483		93,073
Time Warner Inc.		22,810		2,290,352
Twenty-First Century Fox Inc. Class A NVS		28,963		820,812
Twenty-First Century Fox Inc. Class B		12,216		340,460
Walt Disney Co. (The)		14,584		1,549,550
				6,141,063

511

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL TOP 200 VALUE ETF

June 30, 2017

Security	Shares		Value
MULTI-UTILITIES — 0.60%
Dominion Energy Inc.		18,408	$	1,410,605
				1,410,605
MULTILINE RETAIL — 0.36%
Target Corp.		16,228		848,562
				848,562
OIL, GAS & CONSUMABLE FUELS — 10.46%
Anadarko Petroleum Corp.		16,496		747,929
Chevron Corp.		55,563		5,796,888
ConocoPhillips		36,390		1,599,704
EOG Resources Inc.		15,369		1,391,202
Exxon Mobil Corp.		124,650		10,062,994
Kinder Morgan Inc./DE		56,524		1,083,000
Occidental Petroleum Corp.		22,440		1,343,483
Phillips 66		12,769		1,055,868
Pioneer Natural Resources Co.		4,974		793,751
Valero Energy Corp.		13,126		885,480
				24,760,299
PHARMACEUTICALS — 9.87%
Allergan PLC		9,873		2,400,028
Bristol-Myers Squibb Co.		24,537		1,367,202
Johnson & Johnson		67,121		8,879,437
Merck & Co. Inc.		76,005		4,871,160
Pfizer Inc.		173,880		5,840,629
				23,358,456
ROAD & RAIL — 0.60%
CSX Corp.		2,637		143,875
Norfolk Southern Corp.		8,515		1,036,275
Union Pacific Corp.		2,222		241,998
				1,422,148
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.28%
Intel Corp.		138,558		4,674,947
Micron Technology Inc.b		7,500		223,950
NXP Semiconductors NVb		4,260		466,257
QUALCOMM Inc.		43,439		2,398,702
				7,763,856
SOFTWARE — 1.64%
Oracle Corp.		77,665		3,894,123
				3,894,123

Security	Shares		Value
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.71%
Hewlett Packard Enterprise Co.		48,702	$	807,966
HP Inc.		49,777		870,102
				1,678,068
TOBACCO — 2.32%
Philip Morris International Inc.		41,525		4,877,111
Reynolds American Inc.		9,292		604,352
				5,481,463
WIRELESS TELECOMMUNICATION SERVICES — 0.15%
Sprint Corp.b		18,457		151,532
T-Mobile U.S. Inc.b		3,329		201,804
				353,336
TOTAL COMMON STOCKS (Cost: $216,231,761)				236,401,879
SHORT-TERM INVESTMENTS — 0.03%
MONEY MARKET FUNDS — 0.03%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		80,609		80,609
				80,609
TOTAL SHORT-TERM INVESTMENTS (Cost: $80,609)				80,609
TOTAL INVESTMENTS IN SECURITIES — 99.89% (Cost: $216,312,370)e				236,482,488
Other Assets, Less Liabilities — 0.11%				259,661
NET ASSETS — 100.00%			$	236,742,149

NVS — Non-Voting Shares

^a  Affiliated issuer. See Schedule 1.

^b  Non-income earning security.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  The cost of investments for federal income tax purposes was $217,326,098. Net unrealized appreciation was $19,156,390, of which $27,243,365 represented gross unrealized appreciation on securities and $8,086,975 represented gross unrealized depreciation on securities.

512

Schedule of Investments (Unaudited) (Continued)

iSHARES^® RUSSELL TOP 200 VALUE ETF

June 30, 2017

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		3,652		397		(395	)		3,654	$	1,543,486	$	9,358	$	13,737
PNC Financial Services Group Inc. (The)		14,601		1,586		(1,969	)		14,218		1,775,402		8,031		(6,782	)
										$	3,318,888	$	17,389	$	6,955

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	236,401,879	$	—	$	—	$	236,401,879
Money market funds		80,609		—		—		80,609
Total	$	236,482,488	$	—	$	—	$	236,482,488

513

Schedule of Investments (Unaudited)

iSHARES^® S&P 100 ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.81%
AEROSPACE & DEFENSE — 2.87%
Boeing Co. (The)		203,098	$	40,162,630
General Dynamics Corp.		102,605		20,326,051
Lockheed Martin Corp.		90,063		25,002,389
Raytheon Co.		105,315		17,006,266
United Technologies Corp.		269,604		32,921,344
				135,418,680
AIR FREIGHT & LOGISTICS — 1.00%
FedEx Corp.		89,001		19,342,587
United Parcel Service Inc. Class B		249,208		27,559,913
				46,902,500
AUTOMOBILES — 0.70%
Ford Motor Co.		1,415,108		15,835,058
General Motors Co.		496,863		17,355,425
				33,190,483
BANKS — 8.30%
Bank of America Corp.		3,600,749		87,354,171
Citigroup Inc.		996,171		66,623,916
JPMorgan Chase & Co.		1,285,459		117,490,953
U.S. Bancorp.		573,176		29,759,298
Wells Fargo & Co.		1,627,296		90,168,471
				391,396,809
BEVERAGES — 2.59%
Coca-Cola Co. (The)		1,391,289		62,399,312
PepsiCo Inc.		516,854		59,691,468
				122,090,780
BIOTECHNOLOGY — 3.79%
AbbVie Inc.		575,844		41,754,449
Amgen Inc.		266,256		45,857,271
Biogen Inc.a		77,290		20,973,414
Celgene Corp.a		282,514		36,690,093
Gilead Sciences Inc.		472,794		33,464,359
				178,739,586
CAPITAL MARKETS — 1.91%
Bank of New York Mellon Corp. (The)		376,244		19,195,969
BlackRock Inc.b		43,868		18,530,282
Goldman Sachs Group Inc. (The)		132,452		29,391,099
Morgan Stanley		515,345		22,963,773
				90,081,123

Security	Shares		Value
CHEMICALS — 1.48%
Dow Chemical Co. (The)		406,668	$	25,648,551
EI du Pont de Nemours & Co.		313,706		25,319,211
Monsanto Co.		158,767		18,791,662
				69,759,424
COMMUNICATIONS EQUIPMENT — 1.20%
Cisco Systems Inc.		1,809,096		56,624,705
				56,624,705
CONSUMER FINANCE — 0.79%
American Express Co.		271,642		22,883,122
Capital One Financial Corp.		174,745		14,437,432
				37,320,554
DIVERSIFIED FINANCIAL SERVICES — 2.47%
Berkshire Hathaway Inc. Class Ba		687,264		116,401,904
				116,401,904
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.18%
AT&T Inc.		2,224,441		83,928,159
Verizon Communications Inc.		1,475,978		65,917,177
				149,845,336
ELECTRIC UTILITIES — 1.58%
Duke Energy Corp.		253,229		21,167,412
Exelon Corp.		335,076		12,086,191
NextEra Energy Inc.		169,389		23,736,481
Southern Co. (The)		359,861		17,230,145
				74,220,229
ELECTRICAL EQUIPMENT — 0.30%
Emerson Electric Co.		233,182		13,902,311
				13,902,311
ENERGY EQUIPMENT & SERVICES — 0.99%
Halliburton Co.		314,008		13,411,282
Schlumberger Ltd.		502,734		33,100,006
				46,511,288
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 0.39%
Simon Property Group Inc.c		112,957		18,271,924
				18,271,924
FOOD & STAPLES RETAILING — 2.54%
Costco Wholesale Corp.		158,690		25,379,292
CVS Health Corp.		368,616		29,658,843
Wal-Mart Stores Inc.		534,439		40,446,344
Walgreens Boots Alliance Inc.		308,972		24,195,597
				119,680,076

514

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 100 ETF

June 30, 2017

Security	Shares		Value
FOOD PRODUCTS — 0.90%
Kraft Heinz Co. (The)		215,874	$	18,487,449
Mondelez International Inc. Class A		548,974		23,710,187
				42,197,636
HEALTH CARE EQUIPMENT & SUPPLIES — 1.98%
Abbott Laboratories		627,848		30,519,691
Danaher Corp.		221,007		18,650,781
Medtronic PLC		495,284		43,956,455
				93,126,927
HEALTH CARE PROVIDERS & SERVICES — 1.37%
UnitedHealth Group Inc.		348,667		64,649,835
				64,649,835
HOTELS, RESTAURANTS & LEISURE — 1.61%
McDonald’s Corp.		294,904		45,167,497
Starbucks Corp.		523,945		30,551,233
				75,718,730
HOUSEHOLD PRODUCTS — 2.21%
Colgate-Palmolive Co.		319,589		23,691,132
Procter & Gamble Co. (The)		925,384		80,647,216
				104,338,348
INDUSTRIAL CONGLOMERATES — 3.54%
3M Co.		216,220		45,014,842
General Electric Co.		3,150,947		85,107,078
Honeywell International Inc.		275,826		36,764,848
				166,886,768
INSURANCE — 1.13%
Allstate Corp. (The)		131,889		11,664,263
American International Group Inc.		318,211		19,894,552
MetLife Inc.		390,922		21,477,254
				53,036,069
INTERNET & DIRECT MARKETING RETAIL — 3.65%
Amazon.com Inc.a		143,539		138,945,752
Priceline Group Inc. (The)a,c		17,790		33,276,551
				172,222,303
INTERNET SOFTWARE & SERVICES — 6.95%
Alphabet Inc. Class Aa		107,687		100,114,450
Alphabet Inc. Class Ca		107,962		98,108,308
Facebook Inc. Class Aa		855,237		129,123,683
				327,346,441

Security	Shares		Value
IT SERVICES — 4.26%
Accenture PLC Class A		224,355	$	27,748,226
International Business Machines Corp.		309,332		47,584,542
MasterCard Inc. Class A		339,380		41,217,701
PayPal Holdings Inc.a		404,209		21,693,897
Visa Inc. Class Ac		668,001		62,645,134
				200,889,500
MACHINERY — 0.49%
Caterpillar Inc.		213,166		22,906,818
				22,906,818
MEDIA — 3.53%
Comcast Corp. Class A		1,712,368		66,645,363
Time Warner Inc.		280,601		28,175,146
Twenty-First Century Fox Inc. Class A NVS		380,751		10,790,483
Twenty-First Century Fox Inc. Class B		176,240		4,911,809
Walt Disney Co. (The)		526,350		55,924,688
				166,447,489
MULTILINE RETAIL — 0.22%
Target Corp.		200,514		10,484,877
				10,484,877
OIL, GAS & CONSUMABLE FUELS — 5.19%
Chevron Corp.		685,480		71,516,128
ConocoPhillips		447,603		19,676,628
Exxon Mobil Corp.		1,533,108		123,767,809
Kinder Morgan Inc./DE		694,650		13,309,494
Occidental Petroleum Corp.		276,638		16,562,317
				244,832,376
PHARMACEUTICALS — 7.57%
Allergan PLC		121,522		29,540,783
Bristol-Myers Squibb Co.		596,067		33,212,853
Eli Lilly & Co.		351,316		28,913,307
Johnson & Johnson		974,670		128,939,094
Merck & Co. Inc.		989,625		63,425,066
Pfizer Inc.		2,159,257		72,529,443
				356,560,546
ROAD & RAIL — 0.68%
Union Pacific Corp.		292,144		31,817,403
				31,817,403

515

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 100 ETF

June 30, 2017

Security	Shares		Value
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.43%
Intel Corp.		1,703,789	$	57,485,841
QUALCOMM Inc.		534,559		29,518,348
Texas Instruments Inc.		360,486		27,732,188
				114,736,377
SOFTWARE — 5.24%
Microsoft Corp.		2,793,401		192,549,131
Oracle Corp.		1,086,792		54,491,751
				247,040,882
SPECIALTY RETAIL — 1.92%
Home Depot Inc. (The)		432,570		66,356,238
Lowe’s Companies Inc.		310,460		24,069,964
				90,426,202
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 5.76%
Apple Inc.		1,886,448		271,686,241
				271,686,241
TEXTILES, APPAREL & LUXURY GOODS — 0.60%
NIKE Inc. Class B		479,487		28,289,733
				28,289,733
TOBACCO — 2.50%
Altria Group Inc.		698,898		52,046,934
Philip Morris International Inc.		561,951		66,001,145
				118,048,079
TOTAL COMMON STOCKS (Cost: $4,381,693,080)				4,704,047,292

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.14%
MONEY MARKET FUNDS — 0.14%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		1,363,888	$	1,364,297
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		5,407,281		5,407,281
				6,771,578
TOTAL SHORT-TERM INVESTMENTS (Cost: $6,771,713)				6,771,578
TOTAL INVESTMENTS IN SECURITIES — 99.95% (Cost: $4,388,464,793)g				4,710,818,870
Other Assets, Less Liabilities — 0.05%				2,410,337
NET ASSETS — 100.00%			$	4,713,229,207

^a  Non-income earning security.

^b  Affiliated issuer. See Schedule 1.

^c  All or a portion of this security represents a security on loan.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $4,437,700,000. Net unrealized appreciation was $273,118,870, of which $545,018,661 represented gross unrealized appreciation on securities and $271,899,791 represented gross unrealized depreciation on securities.

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		43,887		3,242		(3,261	)		43,868	$	18,530,282	$	109,718	$	133,294

516

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 100 ETF

June 30, 2017

Schedule 2 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		67		Sep. 2017		Chicago Mercantile	$	8,137,319	$	8,110,015	$	(27,304	)

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	4,704,047,292		$	—	$	—	$	4,704,047,292
Money market funds		6,771,578			—		—		6,771,578
Total	$	4,710,818,870		$	—	$	—	$	4,710,818,870
Derivative financial instrumentsa:
Liabilities:
Futures contracts	$	(27,304	)	$	—	$	—	$	(27,304	)
Total	$	(27,304	)	$	—	$	—	$	(27,304	)

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

517

Schedule of Investments (Unaudited)

iSHARES^® S&P 500 GROWTH ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.85%
AEROSPACE & DEFENSE — 2.66%
Boeing Co. (The)		587,618	$	116,201,459
General Dynamics Corp.		443,081		87,774,346
L3 Technologies Inc.		54,745		9,146,795
Lockheed Martin Corp.		388,920		107,968,081
Northrop Grumman Corp.		272,758		70,019,706
Raytheon Co.		305,291		49,298,391
Rockwell Collins Inc.		159,840		16,795,987
TransDigm Group Inc.a		76,424		20,548,121
				477,752,886
AIR FREIGHT & LOGISTICS — 1.23%
CH Robinson Worldwide Inc.		110,170		7,566,476
Expeditors International of Washington Inc.		176,799		9,985,608
FedEx Corp.		384,340		83,528,612
United Parcel Service Inc. Class B		1,076,155		119,011,981
				220,092,677
AIRLINES — 0.57%
Alaska Air Group Inc.		123,085		11,048,110
Southwest Airlines Co.		946,714		58,828,808
United Continental Holdings Inc.b		441,656		33,234,614
				103,111,532
AUTOMOBILES — 0.08%
Harley-Davidson Inc.		273,359		14,766,853
				14,766,853
BANKS — 0.61%
Citizens Financial Group Inc.		297,750		10,623,720
Comerica Inc.		151,732		11,112,852
KeyCorp		841,818		15,775,669
U.S. Bancorp.		1,386,091		71,965,845
				109,478,086
BEVERAGES — 2.10%
Brown-Forman Corp. Class B		162,902		7,917,037
Coca-Cola Co. (The)		3,064,103		137,425,020
Constellation Brands Inc. Class A		267,732		51,867,720
Dr Pepper Snapple Group Inc.		171,923		15,663,904
Monster Beverage Corp.b		377,354		18,746,947
PepsiCo Inc.		1,249,890		144,349,796
				375,970,424

Security	Shares		Value
BIOTECHNOLOGY — 4.72%
AbbVie Inc.		2,486,676	$	180,308,877
Alexion Pharmaceuticals Inc.b		350,858		42,688,893
Amgen Inc.		632,378		108,914,463
Biogen Inc.b		333,759		90,568,842
Celgene Corp.b		1,219,985		158,439,452
Gilead Sciences Inc.		2,041,681		144,510,181
Incyte Corp.b		266,399		33,542,298
Regeneron Pharmaceuticals Inc.b		119,049		58,469,726
Vertex Pharmaceuticals Inc.b		221,822		28,586,201
				846,028,933
BUILDING PRODUCTS — 0.17%
Allegion PLC		95,264		7,727,816
Fortune Brands Home & Security Inc.		170,615		11,130,923
Masco Corp.		307,092		11,733,985
				30,592,724
CAPITAL MARKETS — 2.27%
Ameriprise Financial Inc.		114,645		14,593,162
BlackRock Inc.c		92,978		39,274,837
CBOE Holdings Inc.		92,819		8,483,657
Charles Schwab Corp. (The)		1,901,156		81,673,662
CME Group Inc.		334,469		41,888,898
E*TRADE Financial Corp.b		427,200		16,246,416
Intercontinental Exchange Inc.		925,069		60,980,548
Moody’s Corp.		259,786		31,610,760
Nasdaq Inc.		81,234		5,807,419
Northern Trust Corp.		216,431		21,039,257
Raymond James Financial Inc.		110,404		8,856,609
S&P Global Inc.		402,760		58,798,932
T Rowe Price Group Inc.		244,471		18,142,193
				407,396,350
CHEMICALS — 1.63%
Air Products & Chemicals Inc.		193,646		27,702,997
Albemarle Corp.		173,038		18,262,431
Ecolab Inc.		224,273		29,772,241
EI du Pont de Nemours & Co.		677,230		54,659,233
FMC Corp.		137,877		10,071,915
International Flavors & Fragrances Inc.		71,699		9,679,365
Monsanto Co.		459,357		54,369,494
PPG Industries Inc.		212,353		23,350,336

518

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 GROWTH ETF

June 30, 2017

Security	Shares		Value
Praxair Inc.		249,731	$	33,101,844
Sherwin-Williams Co. (The)		87,498		30,708,298
				291,678,154
COMMERCIAL SERVICES & SUPPLIES — 0.48%
Cintas Corp.		135,734		17,107,913
Republic Services Inc.		358,334		22,836,626
Waste Management Inc.		634,588		46,547,030
				86,491,569
COMMUNICATIONS EQUIPMENT — 0.36%
F5 Networks Inc.b		100,660		12,789,860
Harris Corp.		191,082		20,843,224
Juniper Networks Inc.		331,560		9,243,893
Motorola Solutions Inc.		255,786		22,186,878
				65,063,855
CONSTRUCTION & ENGINEERING — 0.04%
Quanta Services Inc.a,b		230,926		7,602,084
				7,602,084
CONSTRUCTION MATERIALS — 0.27%
Martin Marietta Materials Inc.		98,144		21,844,891
Vulcan Materials Co.		206,282		26,131,804
				47,976,695
CONSUMER FINANCE — 0.47%
American Express Co.		564,087		47,518,689
Discover Financial Services		595,894		37,058,648
				84,577,337
CONTAINERS & PACKAGING — 0.08%
Avery Dennison Corp.		73,207		6,469,302
Sealed Air Corp.		163,797		7,331,554
				13,800,856
DISTRIBUTORS — 0.09%
LKQ Corp.b		479,906		15,812,903
				15,812,903
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.93%
Level 3 Communications Inc.b		254,866		15,113,554
Verizon Communications Inc.		3,378,085		150,865,276
				165,978,830
ELECTRIC UTILITIES — 0.32%
Alliant Energy Corp.		167,446		6,726,306
NextEra Energy Inc.		358,425		50,226,095
				56,952,401

Security	Shares		Value
ELECTRICAL EQUIPMENT — 0.41%
Acuity Brands Inc.		68,744	$	13,974,280
Emerson Electric Co.		463,205		27,616,282
Rockwell Automation Inc.		201,299		32,602,386
				74,192,948
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.59%
Amphenol Corp. Class A		479,016		35,360,961
Corning Inc.		1,436,282		43,160,274
FLIR Systems Inc.		152,682		5,291,958
TE Connectivity Ltd.		277,126		21,804,274
				105,617,467
ENERGY EQUIPMENT & SERVICES — 0.63%
Baker Hughes Inc.		284,376		15,501,336
Halliburton Co.		785,649		33,555,069
Schlumberger Ltd.		976,410		64,286,834
				113,343,239
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.79%
Alexandria Real Estate Equities Inc.a		142,738		17,195,647
American Tower Corp.a		664,047		87,866,699
Apartment Investment & Management Co. Class A		248,180		10,664,295
AvalonBay Communities Inc.a		215,650		41,441,460
Boston Properties Inc.		156,126		19,206,621
Crown Castle International Corp.		372,983		37,365,437
Digital Realty Trust Inc.a		249,295		28,157,870
Equinix Inc.		121,695		52,226,626
Equity Residential		383,697		25,258,774
Essex Property Trust Inc.		54,239		13,954,068
Extra Space Storage Inc.a		196,374		15,317,172
Federal Realty Investment Trusta		71,963		9,095,404
GGP Inc.a		906,659		21,360,886
Host Hotels & Resorts Inc.		1,155,575		21,112,355
Iron Mountain Inc.a		216,357		7,434,027
Kimco Realty Corp.		662,449		12,155,939
Mid-America Apartment Communities Inc.a		107,866		11,366,919
Prologis Inc.		828,510		48,583,826
Public Storage		151,563		31,605,432

519

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 GROWTH ETF

June 30, 2017

Security	Shares		Value
Realty Income Corp.		263,822	$	14,557,698
Regency Centers Corp.		143,875		9,012,330
Simon Property Group Inc.a		322,575		52,179,732
UDR Inc.a		416,919		16,247,333
Ventas Inc.		315,144		21,896,205
Vornado Realty Trust		134,054		12,587,671
Welltower Inc.		571,570		42,782,014
				680,632,440
FOOD & STAPLES RETAILING — 0.11%
Sysco Corp.		409,023		20,586,128
				20,586,128
FOOD PRODUCTS — 0.48%
Campbell Soup Co.		180,898		9,433,831
General Mills Inc.		496,651		27,514,466
Hershey Co. (The)		219,852		23,605,509
Kellogg Co.		212,711		14,774,906
McCormick & Co. Inc./MD NVS		112,569		10,976,603
				86,305,315
HEALTH CARE EQUIPMENT & SUPPLIES — 2.63%
Align Technology Inc.b		118,351		17,766,852
Becton Dickinson and Co.		355,220		69,306,974
Boston Scientific Corp.b		2,139,603		59,309,795
Cooper Companies Inc. (The)		54,770		13,113,033
CR Bard Inc.		112,985		35,715,688
Danaher Corp.		505,820		42,686,150
Edwards Lifesciences Corp.b		328,311		38,819,493
Hologic Inc.b		260,157		11,805,925
IDEXX Laboratories Inc.b		137,692		22,226,243
Intuitive Surgical Inc.b		57,677		53,949,336
Stryker Corp.		484,707		67,267,637
Varian Medical Systems Inc.a,b		144,076		14,867,202
Zimmer Biomet Holdings Inc.		201,218		25,836,391
				472,670,719
HEALTH CARE PROVIDERS & SERVICES — 2.63%
Aetna Inc.		518,051		78,655,683
Envision Healthcare Corp.b		75,411		4,726,007
HCA Healthcare Inc.b		228,761		19,947,959
Humana Inc.		225,430		54,242,967
Laboratory Corp. of America Holdingsb		85,412		13,165,406
Quest Diagnostics Inc.		132,831		14,765,494
UnitedHealth Group Inc.		1,505,657		279,178,921

Security	Shares		Value
Universal Health Services Inc. Class B		62,708	$	7,655,393
				472,337,830
HEALTH CARE TECHNOLOGY — 0.17%
Cerner Corp.b		460,613		30,616,946
				30,616,946
HOTELS, RESTAURANTS & LEISURE — 2.37%
Chipotle Mexican Grill Inc.a,b		24,355		10,134,116
Darden Restaurants Inc.		192,893		17,445,243
Hilton Worldwide Holdings Inc.		253,717		15,692,396
Marriott International Inc./MD Class A		485,219		48,672,318
McDonald’s Corp.		789,565		120,929,775
Royal Caribbean Cruises Ltd.		134,717		14,715,138
Starbucks Corp.		2,262,563		131,930,049
Wyndham Worldwide Corp.		108,509		10,895,389
Wynn Resorts Ltd.		125,269		16,801,078
Yum! Brands Inc.		518,516		38,245,740
				425,461,242
HOUSEHOLD DURABLES — 0.29%
Garmin Ltd.		176,439		9,003,682
Leggett & Platt Inc.		121,747		6,395,370
Mohawk Industries Inc.b		46,222		11,171,395
Newell Brands Inc.		459,533		24,640,160
				51,210,607
HOUSEHOLD PRODUCTS — 1.63%
Church & Dwight Co. Inc.		253,940		13,174,407
Clorox Co. (The)		110,392		14,708,630
Colgate-Palmolive Co.		772,852		57,291,519
Kimberly-Clark Corp.		288,660		37,268,893
Procter & Gamble Co. (The)		1,958,094		170,647,892
				293,091,341
INDUSTRIAL CONGLOMERATES — 2.34%
3M Co.		634,919		132,183,787
General Electric Co.		6,395,197		172,734,271
Honeywell International Inc.		702,751		93,669,681
Roper Technologies Inc.		87,642		20,291,752
				418,879,491
INSURANCE — 0.80%
Aon PLC		410,029		54,513,356
Arthur J Gallagher & Co.		280,421		16,054,102
Cincinnati Financial Corp.		130,382		9,446,176

520

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 GROWTH ETF

June 30, 2017

Security	Shares		Value
Marsh & McLennan Companies Inc.		805,175	$	62,771,443
				142,785,077
INTERNET & DIRECT MARKETING RETAIL — 4.89%
Amazon.com Inc.b		619,844		600,008,992
Expedia Inc.		190,548		28,382,125
Netflix Inc.a,b		673,418		100,615,383
Priceline Group Inc. (The)b		76,822		143,697,087
TripAdvisor Inc.a,b		99,338		3,794,712
				876,498,299
INTERNET SOFTWARE & SERVICES — 8.15%
Akamai Technologies Inc.a,b		270,103		13,453,830
Alphabet Inc. Class Ab		465,023		432,322,582
Alphabet Inc. Class Cb		466,219		423,667,192
eBay Inc.b		613,729		21,431,417
Facebook Inc. Class Ab		3,693,191		557,597,977
VeriSign Inc.a,b		137,759		12,806,077
				1,461,279,075
IT SERVICES — 6.16%
Accenture PLC Class A		968,845		119,826,750
Alliance Data Systems Corp.		51,927		13,329,142
Automatic Data Processing Inc.		699,016		71,621,179
Cognizant Technology Solutions Corp. Class A		643,517		42,729,529
CSRA Inc.		104,082		3,304,604
DXC Technology Co.		233,332		17,901,231
Fidelity National Information Services Inc.		517,435		44,188,949
Fiserv Inc.b		331,413		40,545,066
Gartner Inc.b		141,296		17,451,469
Global Payments Inc.		237,016		21,407,285
International Business Machines Corp.		761,397		117,125,701
MasterCard Inc. Class A		1,465,551		177,991,169
Paychex Inc.		499,564		28,445,174
PayPal Holdings Inc.b		1,745,509		93,681,468
Total System Services Inc.		260,869		15,195,619
Visa Inc. Class A		2,884,645		270,522,008
Western Union Co. (The)		480,106		9,146,019
				1,104,412,362
LEISURE PRODUCTS — 0.15%
Hasbro Inc.		176,842		19,719,651
Mattel Inc.		304,394		6,553,603
				26,273,254

Security	Shares		Value
LIFE SCIENCES TOOLS & SERVICES — 0.84%
Agilent Technologies Inc.		325,555	$	19,308,667
Illumina Inc.b		157,212		27,279,426
Mettler-Toledo International Inc.b		40,466		23,815,860
Thermo Fisher Scientific Inc.		372,864		65,053,582
Waters Corp.b		81,987		15,072,490
				150,530,025
MACHINERY — 1.87%
Caterpillar Inc.		478,429		51,411,980
Cummins Inc.		241,730		39,213,441
Deere & Co.		225,295		27,844,209
Fortive Corp.		471,122		29,845,579
Illinois Tool Works Inc.		485,651		69,569,506
Ingersoll-Rand PLC		401,279		36,672,888
PACCAR Inc.		284,176		18,766,983
Parker-Hannifin Corp.		141,848		22,670,147
Snap-on Inc.		47,777		7,548,766
Stanley Black & Decker Inc.		115,004		16,184,513
Xylem Inc./NY		279,949		15,517,573
				335,245,585
MEDIA — 4.47%
CBS Corp. Class B NVS		577,348		36,823,256
Charter Communications Inc. Class Ab		336,998		113,517,776
Comcast Corp. Class A		7,394,559		287,796,236
Discovery Communications Inc. Class Aa,b		243,194		6,281,701
Discovery Communications Inc. Class C NVSb		330,039		8,320,283
DISH Network Corp. Class Ab		202,206		12,690,449
Interpublic Group of Companies Inc. (The)		339,959		8,362,991
Omnicom Group Inc.		261,697		21,694,681
Scripps Networks Interactive Inc. Class A		148,414		10,138,160
Time Warner Inc.		1,211,726		121,669,408
Twenty-First Century Fox Inc. Class A NVS		786,388		22,286,236
Twenty-First Century Fox Inc. Class B		364,173		10,149,502
Walt Disney Co. (The)		1,341,037		142,485,181
				802,215,860

521

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 GROWTH ETF

June 30, 2017

Security	Shares		Value
METALS & MINING — 0.33%
Freeport-McMoRan Inc.b		1,260,949	$	15,143,998
Newmont Mining Corp.		835,774		27,070,720
Nucor Corp.		293,936		17,010,076
				59,224,794
MULTI-UTILITIES — 0.34%
CenterPoint Energy Inc.		390,549		10,693,232
Dominion Energy Inc.		461,262		35,346,507
WEC Energy Group Inc.		256,400		15,737,832
				61,777,571
MULTILINE RETAIL — 0.30%
Dollar General Corp.		395,428		28,506,404
Dollar Tree Inc.b		371,405		25,968,638
				54,475,042
OIL, GAS & CONSUMABLE FUELS — 1.53%
Anadarko Petroleum Corp.		436,736		19,801,610
Apache Corp.		378,313		18,132,542
Cabot Oil & Gas Corp.		350,235		8,783,894
Chesapeake Energy Corp.a,b		587,318		2,918,971
Cimarex Energy Co.		82,861		7,789,763
Concho Resources Inc.b		124,127		15,085,154
Devon Energy Corp.		455,534		14,563,422
EOG Resources Inc.		469,013		42,455,057
EQT Corp.		162,124		9,498,845
Murphy Oil Corp.		253,264		6,491,156
Newfield Exploration Co.b		204,598		5,822,859
Noble Energy Inc.		299,040		8,462,832
Occidental Petroleum Corp.		513,684		30,754,261
ONEOK Inc.		415,280		21,661,005
Pioneer Natural Resources Co.a		265,638		42,390,512
Range Resources Corp.a		110,672		2,564,270
Williams Companies Inc. (The)		577,205		17,477,767
				274,653,920
PERSONAL PRODUCTS — 0.14%
Coty Inc. Class A		315,523		5,919,211
Estee Lauder Companies Inc. (The) Class A		203,520		19,533,850
				25,453,061
PHARMACEUTICALS — 4.83%
Bristol-Myers Squibb Co.		1,415,706		78,883,138
Eli Lilly & Co.		667,528		54,937,554
Johnson & Johnson		2,567,451		339,648,093

Security	Shares		Value
Merck & Co. Inc.		2,649,587	$	169,812,031
Pfizer Inc.		5,221,644		175,395,022
Zoetis Inc.		768,570		47,943,397
				866,619,235
PROFESSIONAL SERVICES — 0.35%
Equifax Inc.		188,343		25,882,095
IHS Markit Ltd.b		135,543		5,969,314
Nielsen Holdings PLC		287,747		11,124,299
Verisk Analytics Inc. Class Ab		239,468		20,203,915
				63,179,623
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.04%
CBRE Group Inc. Class Ab		210,194		7,651,062
				7,651,062
ROAD & RAIL — 0.87%
CSX Corp.		909,220		49,607,043
JB Hunt Transport Services Inc.		134,455		12,286,498
Union Pacific Corp.		870,484		94,804,412
				156,697,953
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 5.05%
Advanced Micro Devices Inc.a,b		1,210,759		15,110,272
Analog Devices Inc.		573,014		44,580,489
Applied Materials Inc.		1,679,039		69,361,101
Broadcom Ltd.		627,101		146,145,888
Intel Corp.		3,531,605		119,156,353
KLA-Tencor Corp.		244,928		22,413,361
Lam Research Corp.		252,437		35,702,165
Microchip Technology Inc.		358,424		27,663,164
NVIDIA Corp.		929,654		134,390,782
QUALCOMM Inc.		2,308,396		127,469,627
Skyworks Solutions Inc.		288,479		27,679,560
Texas Instruments Inc.		1,556,695		119,756,547
Xilinx Inc.		251,259		16,160,979
				905,590,288
SOFTWARE — 8.02%
Activision Blizzard Inc.		1,083,342		62,367,999
Adobe Systems Inc.b		772,935		109,323,926
ANSYS Inc.a,b		83,087		10,110,026
Autodesk Inc.b		200,635		20,228,021
Citrix Systems Inc.b		236,899		18,852,422
Electronic Arts Inc.b		484,289		51,199,033
Intuit Inc.		380,306		50,508,440

522

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 GROWTH ETF

June 30, 2017

Security	Shares		Value
Microsoft Corp.		12,062,810	$	831,489,493
Oracle Corp.		2,722,007		136,481,431
Red Hat Inc.b		277,901		26,609,021
salesforce.com Inc.a,b		1,044,730		90,473,618
Symantec Corp.		466,206		13,170,320
Synopsys Inc.b		234,463		17,099,387
				1,437,913,137
SPECIALTY RETAIL — 3.37%
Advance Auto Parts Inc.a		114,746		13,378,236
AutoZone Inc.a,b		44,033		25,119,065
Best Buy Co. Inc.		166,333		9,535,871
CarMax Inc.a,b		130,514		8,230,213
Foot Locker Inc.		122,881		6,055,576
Home Depot Inc. (The)		1,867,974		286,547,211
L Brands Inc.		179,346		9,664,956
Lowe’s Companies Inc.		858,023		66,522,523
O’Reilly Automotive Inc.a,b		142,632		31,199,324
Ross Stores Inc.		613,207		35,400,440
Tiffany & Co.		85,296		8,006,735
TJX Companies Inc. (The)		1,005,075		72,536,263
Tractor Supply Co.		113,084		6,130,284
Ulta Salon Cosmetics & Fragrance Inc.b		91,015		26,152,250
				604,478,947
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 6.60%
Apple Inc.		8,146,291		1,173,228,830
NetApp Inc.		263,065		10,535,753
				1,183,764,583
TEXTILES, APPAREL & LUXURY GOODS — 0.60%
Coach Inc.		219,379		10,385,402
Hanesbrands Inc.		296,792		6,873,703
Michael Kors Holdings Ltd.b		244,254		8,854,207
NIKE Inc. Class B		1,180,229		69,633,511
Under Armour Inc. Class Aa,b		293,883		6,394,894
Under Armour Inc. Class Ca,b		286,620		5,778,259
				107,919,976
TOBACCO — 2.60%
Altria Group Inc.		3,018,071		224,755,747
Philip Morris International Inc.		1,334,677		156,757,814
Reynolds American Inc.		1,292,904		84,090,476
				465,604,037

Security	Shares		Value
TRADING COMPANIES & DISTRIBUTORS — 0.28%
Fastenal Co.		451,250	$	19,642,912
United Rentals Inc.b		133,044		14,995,389
WW Grainger Inc.		83,905		15,147,370
				49,785,671
WATER UTILITIES — 0.12%
American Water Works Co. Inc.		278,032		21,672,594
				21,672,594
TOTAL COMMON STOCKS (Cost: $13,682,385,594)				17,911,771,893
SHORT-TERM INVESTMENTS — 1.38%
MONEY MARKET FUNDS — 1.38%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		226,554,941		226,622,907
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		21,579,061		21,579,061
				248,201,968
TOTAL SHORT-TERM INVESTMENTS (Cost: $248,186,584)				248,201,968
TOTAL INVESTMENTS IN SECURITIES — 101.23% (Cost: $13,930,572,178)g				18,159,973,861
Other Assets, Less Liabilities — (1.23)%				(220,244,564	)
NET ASSETS — 100.00%			$	17,939,729,297

NVS — Non-Voting Shares

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  Affiliated issuer. See Schedule 1.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $14,040,697,086. Net unrealized appreciation was $4,119,276,775, of which $4,439,467,407 represented gross unrealized appreciation on securities and $320,190,632 represented gross unrealized depreciation on securities.

523

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 GROWTH ETF

June 30, 2017

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		89,459		5,709		(2,190	)		92,978	$	39,274,837	$	233,188	$	342,394

Schedule 2 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		208		Sep. 2017		Chicago Mercantile	$	25,254,569	$	25,177,360	$	(77,209	)

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	17,911,771,893		$	—	$	—	$	17,911,771,893
Money market funds		248,201,968			—		—		248,201,968
Total	$	18,159,973,861		$	—	$	—	$	18,159,973,861
Derivative financial instruments:a
Liabilities:
Futures contracts	$	(77,209	)	$	—	$	—	$	(77,209	)
Total	$	(77,209	)	$	—	$	—	$	(77,209	)

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

524

Schedule of Investments (Unaudited)

iSHARES^® S&P 500 VALUE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.80%
AEROSPACE & DEFENSE — 1.92%
Arconic Inc.		631,928	$	14,313,169
Boeing Co. (The)		266,049		52,611,190
L3 Technologies Inc.		61,409		10,260,216
Raytheon Co.		137,850		22,260,018
Rockwell Collins Inc.		87,030		9,145,112
Textron Inc.		384,594		18,114,378
United Technologies Corp.		1,070,210		130,683,343
				257,387,426
AIR FREIGHT & LOGISTICS — 0.09%
CH Robinson Worldwide Inc.		101,179		6,948,974
Expeditors International of Washington Inc.		96,157		5,430,947
				12,379,921
AIRLINES — 0.73%
Alaska Air Group Inc.		63,497		5,699,491
American Airlines Group Inc.		707,482		35,600,494
Delta Air Lines Inc.		1,057,141		56,810,757
				98,110,742
AUTO COMPONENTS — 0.44%
BorgWarner Inc.		288,495		12,220,648
Delphi Automotive PLC		385,259		33,767,951
Goodyear Tire & Rubber Co. (The)		363,760		12,717,050
				58,705,649
AUTOMOBILES — 0.98%
Ford Motor Co.		5,617,386		62,858,550
General Motors Co.		1,972,340		68,893,836
				131,752,386
BANKS — 13.72%
Bank of America Corp.		14,293,470		346,759,582
BB&T Corp.		1,165,337		52,917,953
Citigroup Inc.		3,954,386		264,469,336
Citizens Financial Group Inc.		450,366		16,069,059
Comerica Inc.		115,364		8,449,259
Fifth Third Bancorp.		1,077,575		27,973,847
Huntington Bancshares Inc./OH		1,560,254		21,094,634
JPMorgan Chase & Co.		5,102,738		466,390,253
KeyCorp		804,716		15,080,378
M&T Bank Corp.		220,991		35,789,492
People’s United Financial Inc.		497,853		8,792,084

Security	Shares		Value
PNC Financial Services Group Inc. (The)a		695,004	$	86,785,150
Regions Financial Corp.		1,726,475		25,275,594
SunTrust Banks Inc.		694,393		39,385,971
U.S. Bancorp.		1,001,114		51,977,839
Wells Fargo & Co.		6,459,681		357,930,924
Zions BanCorp.		291,027		12,778,996
				1,837,920,351
BEVERAGES — 2.05%
Brown-Forman Corp. Class B		101,520		4,933,872
Coca-Cola Co. (The)		2,706,187		121,372,487
Dr Pepper Snapple Group Inc.		106,519		9,704,946
Molson Coors Brewing Co. Class B		265,084		22,887,352
Monster Beverage Corp.b		232,829		11,566,945
PepsiCo Inc.		902,747		104,258,251
				274,723,853
BIOTECHNOLOGY — 0.76%
Amgen Inc.		475,613		81,914,827
Vertex Pharmaceuticals Inc.b		153,642		19,799,845
				101,714,672
BUILDING PRODUCTS — 0.55%
Allegion PLC		49,259		3,995,890
Fortune Brands Home & Security Inc.		62,571		4,082,132
Johnson Controls International PLC		1,347,365		58,421,746
Masco Corp.		174,618		6,672,154
				73,171,922
CAPITAL MARKETS — 3.71%
Affiliated Managers Group Inc.		81,062		13,444,943
Ameriprise Financial Inc.		113,540		14,452,507
Bank of New York Mellon Corp. (The)		1,493,526		76,199,697
BlackRock Inc.a		88,811		37,514,655
CBOE Holdings Inc.		46,932		4,289,585
CME Group Inc.		180,526		22,609,076
Franklin Resources Inc.		491,784		22,027,005
Goldman Sachs Group Inc. (The)		525,779		116,670,360
Invesco Ltd.		583,640		20,538,292
Morgan Stanley		2,045,706		91,156,659
Nasdaq Inc.		88,157		6,302,344

525

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 VALUE ETF

June 30, 2017

Security	Shares		Value
Northern Trust Corp.		111,269	$	10,816,460
Raymond James Financial Inc.		82,384		6,608,844
State Street Corp.		507,948		45,578,174
T Rowe Price Group Inc.		121,287		9,000,708
				497,209,309
CHEMICALS — 2.72%
Air Products & Chemicals Inc.		134,260		19,207,236
CF Industries Holdings Inc.		336,810		9,417,208
Dow Chemical Co. (The)		1,614,307		101,814,342
Eastman Chemical Co.		209,445		17,591,285
Ecolab Inc.		168,641		22,387,093
EI du Pont de Nemours & Co.		622,639		50,253,194
FMC Corp.		65,440		4,780,392
International Flavors & Fragrances Inc.		47,641		6,431,535
LyondellBasell Industries NV Class A		474,396		40,034,278
Monsanto Co.		207,940		24,611,778
Mosaic Co. (The)		502,593		11,474,198
PPG Industries Inc.		172,945		19,017,032
Praxair Inc.		180,607		23,939,458
Sherwin-Williams Co. (The)		36,261		12,726,161
				363,685,190
COMMERCIAL SERVICES & SUPPLIES — 0.07%
Stericycle Inc.b		123,138		9,397,892
				9,397,892
COMMUNICATIONS EQUIPMENT — 1.73%
Cisco Systems Inc.		7,181,355		224,776,412
Juniper Networks Inc.		244,230		6,809,132
				231,585,544
CONSTRUCTION & ENGINEERING — 0.14%
Fluor Corp.		201,839		9,240,190
Jacobs Engineering Group Inc.		171,803		9,344,365
				18,584,555
CONSUMER FINANCE — 1.08%
American Express Co.		560,416		47,209,444
Capital One Financial Corp.		693,668		57,310,850
Navient Corp.		405,946		6,759,001
Synchrony Financial		1,105,999		32,980,890
				144,260,185
CONTAINERS & PACKAGING — 0.64%
Avery Dennison Corp.		58,676		5,185,198
Ball Corp.		502,360		21,204,616

Security	Shares		Value
International Paper Co.		593,022	$	33,570,975
Sealed Air Corp.		132,878		5,947,619
WestRock Co.		360,230		20,410,632
				86,319,040
DISTRIBUTORS — 0.15%
Genuine Parts Co.		211,796		19,646,197
				19,646,197
DIVERSIFIED CONSUMER SERVICES — 0.07%
H&R Block Inc.		299,112		9,245,552
				9,245,552
DIVERSIFIED FINANCIAL SERVICES — 3.54%
Berkshire Hathaway Inc. Class Bb		2,728,150		462,066,765
Leucadia National Corp.		464,768		12,158,331
				474,225,096
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.63%
AT&T Inc.		8,830,097		333,159,560
CenturyLink Inc.		790,757		18,883,277
Level 3 Communications Inc.b		184,351		10,932,014
Verizon Communications Inc.		2,753,735		122,981,805
				485,956,656
ELECTRIC UTILITIES — 4.04%
Alliant Energy Corp.		173,424		6,966,442
American Electric Power Co. Inc.		706,226		49,061,520
Duke Energy Corp.		1,005,213		84,025,755
Edison International		467,944		36,588,541
Entergy Corp.		258,553		19,849,114
Eversource Energy		455,126		27,630,699
Exelon Corp.		1,330,110		47,977,068
FirstEnergy Corp.		636,094		18,548,501
NextEra Energy Inc.		342,922		48,053,660
PG&E Corp.		733,364		48,673,369
Pinnacle West Capital Corp.		160,565		13,673,715
PPL Corp.		981,209		37,933,540
Southern Co. (The)		1,428,501		68,396,628
Xcel Energy Inc.		729,279		33,459,321
				540,837,873
ELECTRICAL EQUIPMENT — 0.75%
AMETEK Inc.		330,039		19,990,462
Eaton Corp. PLC		642,439		50,001,027
Emerson Electric Co.		499,846		29,800,819
				99,792,308

526

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 VALUE ETF

June 30, 2017

Security	Shares		Value
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.17%
FLIR Systems Inc.		58,082	$	2,013,122
TE Connectivity Ltd.		254,957		20,060,017
				22,073,139
ENERGY EQUIPMENT & SERVICES — 1.22%
Baker Hughes Inc.		347,877		18,962,775
Halliburton Co.		523,089		22,341,131
Helmerich & Payne Inc.		157,456		8,556,159
National Oilwell Varco Inc.		544,522		17,936,555
Schlumberger Ltd.		1,097,603		72,266,181
TechnipFMC PLCb		668,715		18,189,048
Transocean Ltd.b		568,855		4,681,677
				162,933,526
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 1.73%
Boston Properties Inc.c		77,940		9,588,179
Crown Castle International Corp.		184,564		18,489,621
Equity Residential		174,945		11,516,629
Essex Property Trust Inc.c		44,509		11,450,830
Federal Realty Investment Trustc		38,058		4,810,151
HCP Inc.		672,599		21,496,264
Iron Mountain Inc.c		150,642		5,176,059
Macerich Co. (The)c		170,232		9,883,670
Mid-America Apartment Communities Inc.c		63,215		6,661,597
Public Storage		75,100		15,660,603
Realty Income Corp.c		150,161		8,285,884
Regency Centers Corp.		77,011		4,823,969
Simon Property Group Inc.c		152,983		24,746,530
SL Green Realty Corp.		147,032		15,555,986
Ventas Inc.		218,870		15,207,088
Vornado Realty Trust		123,662		11,611,862
Weyerhaeuser Co.		1,079,053		36,148,275
				231,113,197
FOOD & STAPLES RETAILING — 4.04%
Costco Wholesale Corp.		629,933		100,745,185
CVS Health Corp.		1,463,248		117,732,934
Kroger Co. (The)		1,310,733		30,566,293
Sysco Corp.		332,378		16,728,585
Wal-Mart Stores Inc.		2,121,497		160,554,893

Security	Shares		Value
Walgreens Boots Alliance Inc.		1,226,495	$	96,046,823
Whole Foods Market Inc.		458,315		19,299,645
				541,674,358
FOOD PRODUCTS — 2.42%
Archer-Daniels-Midland Co.		819,619		33,915,834
Campbell Soup Co.		105,738		5,514,237
Conagra Brands Inc.		582,503		20,830,307
General Mills Inc.		372,313		20,626,140
Hormel Foods Corp.		389,477		13,285,061
JM Smucker Co. (The)		167,195		19,784,184
Kellogg Co.		165,967		11,528,068
Kraft Heinz Co. (The)		856,930		73,387,485
McCormick & Co. Inc./MD NVS		57,771		5,633,250
Mondelez International Inc. Class A		2,179,200		94,119,648
Tyson Foods Inc. Class A		413,271		25,883,163
				324,507,377
HEALTH CARE EQUIPMENT & SUPPLIES — 3.13%
Abbott Laboratories		2,492,297		121,150,557
Baxter International Inc.		700,554		42,411,539
Cooper Companies Inc. (The)		19,560		4,683,055
Danaher Corp.		412,334		34,796,866
DENTSPLY SIRONA Inc.		328,897		21,325,682
Hologic Inc.b,c		162,257		7,363,223
Medtronic PLC		1,966,064		174,488,180
Zimmer Biomet Holdings Inc.		104,592		13,429,613
				419,648,715
HEALTH CARE PROVIDERS & SERVICES — 3.04%
AmerisourceBergen Corp.		238,218		22,518,748
Anthem Inc.		380,587		71,599,832
Cardinal Health Inc.		453,689		35,351,447
Centene Corp.b		247,164		19,743,460
Cigna Corp.		367,703		61,549,805
DaVita Inc.b		223,331		14,462,916
Envision Healthcare Corp.b		99,536		6,237,921
Express Scripts Holding Co.b		852,456		54,420,791
HCA Healthcare Inc.b		201,410		17,562,952
Henry Schein Inc.b		113,819		20,831,153
Laboratory Corp. of America Holdingsb		68,068		10,492,002
McKesson Corp.		302,911		49,840,976
Patterson Companies Inc.		116,390		5,464,511
Quest Diagnostics Inc.		74,124		8,239,624

527

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 VALUE ETF

June 30, 2017

Security	Shares		Value
Universal Health Services Inc. Class B		70,631	$	8,622,632
				406,938,770
HOTELS, RESTAURANTS & LEISURE — 1.02%
Carnival Corp.		601,162		39,418,192
Chipotle Mexican Grill Inc.b,c		18,523		7,707,420
Hilton Worldwide Holdings Inc.		62,051		3,837,855
McDonald’s Corp.		444,844		68,132,307
Royal Caribbean Cruises Ltd.		118,694		12,964,946
Wyndham Worldwide Corp.		48,437		4,863,559
				136,924,279
HOUSEHOLD DURABLES — 0.69%
DR Horton Inc.		489,545		16,923,570
Leggett & Platt Inc.		74,897		3,934,339
Lennar Corp. Class A		291,493		15,542,407
Mohawk Industries Inc.b		48,343		11,684,020
Newell Brands Inc.		270,009		14,477,882
PulteGroup Inc.		404,905		9,932,320
Whirlpool Corp.		106,243		20,358,284
				92,852,822
HOUSEHOLD PRODUCTS — 1.90%
Church & Dwight Co. Inc.		124,295		6,448,424
Clorox Co. (The)		83,849		11,172,041
Colgate-Palmolive Co.		558,201		41,379,440
Kimberly-Clark Corp.		244,688		31,591,668
Procter & Gamble Co. (The)		1,873,427		163,269,163
				253,860,736
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.14%
AES Corp./VA		946,372		10,514,193
NRG Energy Inc.		458,306		7,892,029
				18,406,222
INDUSTRIAL CONGLOMERATES — 2.32%
3M Co.		274,659		57,181,257
General Electric Co.		6,629,208		179,054,908
Honeywell International Inc.		448,915		59,835,881
Roper Technologies Inc.		65,855		15,247,408
				311,319,454
INSURANCE — 5.22%
Aflac Inc.		569,972		44,275,425
Allstate Corp. (The)		523,539		46,301,789

Security	Shares		Value
American International Group Inc.		1,263,162	$	78,972,888
Assurant Inc.		78,548		8,144,642
Chubb Ltd.		670,625		97,495,463
Cincinnati Financial Corp.		94,120		6,818,994
Everest Re Group Ltd.		59,079		15,040,923
Hartford Financial Services Group Inc. (The)		527,627		27,737,351
Lincoln National Corp.		322,119		21,768,802
Loews Corp.		396,489		18,559,650
MetLife Inc.		1,551,798		85,255,782
Principal Financial Group Inc.		386,320		24,751,523
Progressive Corp. (The)		834,322		36,785,257
Prudential Financial Inc.		616,151		66,630,569
Torchmark Corp.		156,254		11,953,431
Travelers Companies Inc. (The)		401,311		50,777,881
Unum Group		327,772		15,284,008
Willis Towers Watson PLC		182,524		26,549,941
XL Group Ltd.		376,107		16,473,487
				699,577,806
INTERNET & DIRECT MARKETING RETAIL — 0.02%
TripAdvisor Inc.b,c		65,100		2,486,820
				2,486,820
INTERNET SOFTWARE & SERVICES — 0.23%
eBay Inc.b		881,880		30,795,250
				30,795,250
IT SERVICES — 0.96%
Alliance Data Systems Corp.		31,991		8,211,770
Cognizant Technology Solutions Corp. Class A		253,165		16,810,156
CSRA Inc.		106,134		3,369,755
DXC Technology Co.		190,727		14,632,575
International Business Machines Corp.		528,004		81,222,855
Western Union Co. (The)		235,703		4,490,142
				128,737,253
LEISURE PRODUCTS — 0.03%
Mattel Inc.		209,888		4,518,889
				4,518,889
LIFE SCIENCES TOOLS & SERVICES — 0.58%
Agilent Technologies Inc.		162,016		9,609,169
Illumina Inc.b		65,002		11,279,147

528

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 VALUE ETF

June 30, 2017

Security	Shares		Value
PerkinElmer Inc.		158,874	$	10,825,674
Thermo Fisher Scientific Inc.		219,138		38,233,007
Waters Corp.b		39,083		7,185,019
				77,132,016
MACHINERY — 1.20%
Caterpillar Inc.		406,165		43,646,491
Deere & Co.		215,259		26,603,860
Dover Corp.		223,078		17,895,317
Flowserve Corp.		187,148		8,689,282
PACCAR Inc.		241,623		15,956,783
Parker-Hannifin Corp.		61,178		9,777,468
Pentair PLC		241,414		16,063,687
Snap-on Inc.		38,470		6,078,260
Stanley Black & Decker Inc.		114,535		16,118,510
				160,829,658
MEDIA — 1.30%
DISH Network Corp. Class Ab		141,224		8,863,218
Interpublic Group of Companies Inc. (The)		255,368		6,282,053
News Corp. Class A		553,342		7,580,785
News Corp. Class B		171,767		2,430,503
Omnicom Group Inc.		93,601		7,759,523
Twenty-First Century Fox Inc. Class A NVS		785,215		22,252,993
Twenty-First Century Fox Inc. Class B		366,511		10,214,662
Viacom Inc. Class B NVS		507,376		17,032,612
Walt Disney Co. (The)		856,652		91,019,275
				173,435,624
METALS & MINING — 0.15%
Freeport-McMoRan Inc.b		745,078		8,948,387
Nucor Corp.		187,633		10,858,321
				19,806,708
MULTI-UTILITIES — 1.90%
Ameren Corp.		348,262		19,039,484
CenterPoint Energy Inc.		259,088		7,093,829
CMS Energy Corp.		402,128		18,598,420
Consolidated Edison Inc.		438,605		35,448,056
Dominion Energy Inc.		478,796		36,690,137
DTE Energy Co.		257,645		27,256,265
NiSource Inc.		467,007		11,843,298
Public Service Enterprise Group Inc.		726,573		31,249,905

Security	Shares		Value
SCANA Corp.		205,123	$	13,745,292
Sempra Energy		360,256		40,618,864
WEC Energy Group Inc.		218,716		13,424,788
				255,008,338
MULTILINE RETAIL — 0.51%
Kohl’s Corp.		246,156		9,518,852
Macy’s Inc.		440,017		10,225,995
Nordstrom Inc.		160,641		7,683,459
Target Corp.		792,389		41,434,021
				68,862,327
OIL, GAS & CONSUMABLE FUELS — 9.59%
Anadarko Petroleum Corp.		401,603		18,208,680
Apache Corp.		196,212		9,404,441
Cabot Oil & Gas Corp.		348,649		8,744,117
Chesapeake Energy Corp.b,c		559,723		2,781,823
Chevron Corp.		2,721,066		283,888,816
Cimarex Energy Co.		59,709		5,613,243
Concho Resources Inc.b		97,786		11,883,933
ConocoPhillips		1,776,796		78,107,952
Devon Energy Corp.		338,512		10,822,229
EOG Resources Inc.		397,971		36,024,335
EQT Corp.		99,915		5,854,020
Exxon Mobil Corp.		6,085,798		491,306,472
Hess Corp.		390,170		17,116,758
Kinder Morgan Inc./DE		2,757,470		52,833,125
Marathon Oil Corp.		1,227,848		14,549,999
Marathon Petroleum Corp.		745,038		38,987,839
Newfield Exploration Co.b,c		92,818		2,641,600
Noble Energy Inc.		381,764		10,803,921
Occidental Petroleum Corp.		625,936		37,474,788
ONEOK Inc.		163,586		8,532,646
Phillips 66		630,062		52,099,827
Range Resources Corp.c		163,097		3,778,957
Tesoro Corp.		216,771		20,289,766
Valero Energy Corp.		641,766		43,293,534
Williams Companies Inc. (The)		651,536		19,728,510
				1,284,771,331
PERSONAL PRODUCTS — 0.15%
Coty Inc. Class A		396,680		7,441,717
Estee Lauder Companies Inc. (The) Class A		135,754		13,029,669
				20,471,386

529

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 VALUE ETF

June 30, 2017

Security	Shares		Value
PHARMACEUTICALS — 5.30%
Allergan PLC		482,391	$	117,264,428
Bristol-Myers Squibb Co.		1,064,758		59,328,316
Eli Lilly & Co.		780,963		64,273,255
Johnson & Johnson		1,508,922		199,615,291
Mallinckrodt PLCb,c		143,446		6,427,815
Merck & Co. Inc.		1,492,791		95,672,975
Mylan NVb		662,031		25,700,044
Perrigo Co. PLC		205,772		15,539,902
Pfizer Inc.		3,771,395		126,681,158
				710,503,184
PROFESSIONAL SERVICES — 0.23%
IHS Markit Ltd.b,c		327,394		14,418,432
Nielsen Holdings PLC		214,829		8,305,289
Robert Half International Inc.		181,665		8,707,203
				31,430,924
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.07%
CBRE Group Inc. Class Ab		241,504		8,790,746
				8,790,746
ROAD & RAIL — 0.99%
CSX Corp.		490,328		26,752,296
Kansas City Southern		151,903		15,896,649
Norfolk Southern Corp.		416,202		50,651,783
Union Pacific Corp.		359,505		39,153,690
				132,454,418
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.37%
Intel Corp.		3,516,928		118,661,151
Micron Technology Inc.b		1,493,600		44,598,896
Qorvo Inc.b		182,890		11,580,595
Xilinx Inc.		124,695		8,020,382
				182,861,024
SOFTWARE — 1.00%
ANSYS Inc.b		46,849		5,700,586
Autodesk Inc.b		94,709		9,548,562
CA Inc.		450,063		15,513,672
Oracle Corp.		1,811,924		90,849,869
Symantec Corp.		445,576		12,587,522
				134,200,211
SPECIALTY RETAIL — 0.86%
AutoNation Inc.b,c		95,763		4,037,368
Bed Bath & Beyond Inc.		208,350		6,333,840

Security	Shares		Value
Best Buy Co. Inc.		229,409	$	13,152,018
CarMax Inc.b,c		146,236		9,221,642
Foot Locker Inc.		73,815		3,637,603
Gap Inc. (The)		314,446		6,914,667
L Brands Inc.		183,036		9,863,810
Lowe’s Companies Inc.		443,169		34,358,893
Signet Jewelers Ltd.c		98,700		6,241,788
Staples Inc.		935,839		9,423,899
Tiffany & Co.		75,325		7,070,758
Tractor Supply Co.		78,432		4,251,799
				114,508,085
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 1.12%
Hewlett Packard Enterprise Co.		2,391,103		39,668,399
HP Inc.		2,417,697		42,261,344
NetApp Inc.		147,742		5,917,067
Seagate Technology PLC		427,739		16,574,886
Western Digital Corp.		418,299		37,061,291
Xerox Corp.		308,036		8,849,874
				150,332,861
TEXTILES, APPAREL & LUXURY GOODS — 0.81%
Coach Inc.		203,242		9,621,476
Hanesbrands Inc.		250,427		5,799,890
NIKE Inc. Class B		818,447		48,288,373
PVH Corp.c		111,912		12,813,924
Ralph Lauren Corp.		79,075		5,835,735
VF Corp.		459,430		26,463,168
				108,822,566
TOBACCO — 0.88%
Philip Morris International Inc.		1,003,816		117,898,189
				117,898,189
TOTAL COMMON STOCKS (Cost: $11,925,787,988)				13,367,100,528
SHORT-TERM INVESTMENTS — 0.52%
MONEY MARKET FUNDS — 0.52%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		52,667,312		52,683,112

530

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 VALUE ETF

June 30, 2017

Security	Shares		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		17,164,745	$	17,164,745
				69,847,857
TOTAL SHORT-TERM INVESTMENTS (Cost: $69,843,795)				69,847,857
TOTAL INVESTMENTS IN SECURITIES — 100.32% (Cost: $11,995,631,783)g				13,436,948,385
Other Assets, Less Liabilities — (0.32)%				(42,268,813	)
NET ASSETS — 100.00%			$	13,394,679,572

NVS — Non-Voting Shares

^a  Affiliated issuer. See Schedule 1.

^b  Non-income earning security.

^c  All or a portion of this security represents a security on loan.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $12,203,930,112. Net unrealized appreciation was $1,233,018,273, of which $1,794,656,716 represented gross unrealized appreciation on securities and $561,638,443 represented gross unrealized depreciation on securities.

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
BlackRock Inc.		91,055		2,844		(5,088	)		88,811	$	37,514,655	$	220,463	$	238,966
PNC Financial Services Group Inc. (The)		713,275		21,392		(39,663	)		695,004		86,785,150		390,057		2,052,869
										$	124,299,805	$	610,520	$	2,291,835

Schedule 2 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P 500 E-Mini		217		Sep. 2017		Chicago Mercantile	$	26,368,725	$	26,266,765	$	(101,960	)

531

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P 500 VALUE ETF

June 30, 2017

Schedule 3 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	13,367,100,528		$	—	$	—	$	13,367,100,528
Money market funds		69,847,857			—		—		69,847,857
Total	$	13,436,948,385		$	—	$	—	$	13,436,948,385
Derivative financial instruments:a
Liabilities:
Futures contracts	$	(101,960	)	$	—	$	—	$	(101,960	)
Total	$	(101,960	)	$	—	$	—	$	(101,960	)

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

532

Schedule of Investments (Unaudited)

iSHARES^® S&P MID-CAP 400 GROWTH ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.82%
AEROSPACE & DEFENSE — 1.79%
Curtiss-Wright Corp.		336,157	$	30,852,489
Huntington Ingalls Industries Inc.		349,635		65,088,052
Teledyne Technologies Inc.a		182,302		23,270,850
				119,211,391
AUTO COMPONENTS — 0.62%
Gentex Corp.		2,182,521		41,402,423
				41,402,423
AUTOMOBILES — 0.57%
Thor Industries Inc.		363,563		37,999,605
				37,999,605
BANKS — 7.31%
Bank of Hawaii Corp.		228,176		18,931,763
Bank of the Ozarks Inc.		922,574		43,241,043
Chemical Financial Corp.		341,945		16,553,558
Commerce Bancshares Inc./MO		663,953		37,732,449
Cullen/Frost Bankers Inc.		221,520		20,802,943
East West Bancorp. Inc.		702,535		41,154,500
First Horizon National Corp.		1,776,156		30,940,638
Fulton Financial Corp.		668,675		12,704,825
Home BancShares Inc./AR		958,918		23,877,058
International Bancshares Corp.		222,337		7,792,912
MB Financial Inc.		309,971		13,651,123
Pinnacle Financial Partners Inc.		550,825		34,591,810
Signature Bank/New York NYa		273,262		39,221,295
SVB Financial Groupa,b		243,285		42,767,070
Synovus Financial Corp.		473,872		20,964,097
Texas Capital Bancshares Inc.a,b		248,535		19,236,609
Trustmark Corp.		237,797		7,647,552
UMB Financial Corp.		227,655		17,042,253
United Bankshares Inc./WV		352,917		13,834,346
Webster Financial Corp.		448,335		23,412,054
				486,099,898
BEVERAGES — 0.08%
Boston Beer Co. Inc. (The) Class Aa,b		38,451		5,081,300
				5,081,300

Security	Shares		Value
BIOTECHNOLOGY — 1.21%
Bioverativ Inc.a		821,741	$	49,444,156
United Therapeutics Corp.a,b		239,644		31,089,016
				80,533,172
BUILDING PRODUCTS — 1.75%
AO Smith Corp.		1,118,915		63,028,482
Lennox International Inc.		291,792		53,584,683
				116,613,165
CAPITAL MARKETS — 3.49%
Eaton Vance Corp. NVS		541,614		25,629,174
FactSet Research Systems Inc.		215,842		35,868,624
Federated Investors Inc. Class B NVS		307,804		8,695,463
MarketAxess Holdings Inc.		285,558		57,425,714
MSCI Inc.		687,911		70,847,954
SEI Investments Co.		617,848		33,227,865
				231,694,794
CHEMICALS — 2.50%
Chemours Co. (The)		756,787		28,697,363
Minerals Technologies Inc.		267,760		19,600,032
NewMarket Corp.		38,806		17,869,387
RPM International Inc.		629,232		34,324,605
Scotts Miracle-Gro Co. (The) Class A		334,921		29,962,033
Sensient Technologies Corp.		208,479		16,788,814
Valvoline Inc.b		807,913		19,163,696
				166,405,930
COMMERCIAL SERVICES & SUPPLIES — 1.85%
Copart Inc.a,b		1,557,437		49,510,922
Deluxe Corp.		243,200		16,834,304
HNI Corp.		195,903		7,810,653
MSA Safety Inc.		239,245		19,419,517
Rollins Inc.		728,778		29,668,552
				123,243,948
COMMUNICATIONS EQUIPMENT — 1.34%
ARRIS International PLCa		584,933		16,389,823
Brocade Communications Systems Inc.		2,024,939		25,534,481
InterDigital Inc./PA		263,495		20,368,163
Plantronics Inc.		176,071		9,210,274
ViaSat Inc.a,b		261,643		17,320,767
				88,823,508

533

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P MID-CAP 400 GROWTH ETF

June 30, 2017

Security	Shares		Value
CONSTRUCTION & ENGINEERING — 0.80%
Dycom Industries Inc.a,b		120,962	$	10,828,518
EMCOR Group Inc.		216,979		14,186,087
Granite Construction Inc.		302,515		14,593,323
Valmont Industries Inc.		89,226		13,348,210
				52,956,138
CONSTRUCTION MATERIALS — 0.51%
Eagle Materials Inc.		368,765		34,081,261
				34,081,261
CONSUMER FINANCE — 0.57%
SLM Corp.a,b		3,274,799		37,660,188
				37,660,188
CONTAINERS & PACKAGING — 1.79%
AptarGroup Inc.		219,157		19,035,977
Packaging Corp. of America		715,718		79,723,828
Sonoco Products Co.		392,634		20,189,240
				118,949,045
DISTRIBUTORS — 0.56%
Pool Corp.		314,162		36,936,026
				36,936,026
DIVERSIFIED CONSUMER SERVICES — 0.73%
Service Corp. International/U.S.		885,517		29,620,544
Sotheby’sa,b		348,144		18,684,888
				48,305,432
ELECTRIC UTILITIES — 0.52%
Westar Energy Inc.		647,508		34,330,874
				34,330,874
ELECTRICAL EQUIPMENT — 0.77%
EnerSys		330,626		23,953,854
Hubbell Inc.		241,118		27,287,324
				51,241,178
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.69%
Belden Inc.		160,580		12,112,550
Cognex Corp.b		658,289		55,888,736
Coherent Inc.a		187,087		42,092,704
IPG Photonics Corp.a,b		285,493		41,425,034
Keysight Technologies Inc.a,b		799,852		31,138,238
Littelfuse Inc.		172,409		28,447,485
National Instruments Corp.		397,381		15,982,664
Trimble Inc.a		1,248,893		44,548,013

Security	Shares		Value
Zebra Technologies Corp. Class Aa,b		400,872	$	40,295,654
				311,931,078
ENERGY EQUIPMENT & SERVICES — 0.25%
Patterson-UTI Energy Inc.		580,426		11,718,801
Superior Energy Services Inc.a,b		484,593		5,054,305
				16,773,106
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 10.25%
American Campus Communities Inc.		600,986		28,426,638
Camden Property Trustb		352,904		30,176,821
Corporate Office Properties Trust		521,252		18,259,458
CyrusOne Inc.b		308,454		17,196,310
DCT Industrial Trust Inc.b		698,388		37,321,855
Douglas Emmett Inc.b		1,115,730		42,632,043
Duke Realty Corp.		2,701,601		75,509,748
Education Realty Trust Inc.b		555,997		21,544,884
EPR Propertiesb		296,910		21,338,922
First Industrial Realty Trust Inc.		890,976		25,499,733
GEO Group Inc. (The)		493,796		14,601,548
Healthcare Realty Trust Inc.b		619,253		21,147,490
Highwoods Properties Inc.		451,570		22,899,115
Kilroy Realty Corp.b		746,701		56,114,580
Lamar Advertising Co. Class Ab		634,319		46,666,849
Liberty Property Trust		1,118,436		45,531,529
Mack-Cali Realty Corp.b		418,250		11,351,305
National Retail Properties Inc.b		657,184		25,695,894
Potlatch Corp.b		205,559		9,394,046
Rayonier Inc.		442,420		12,728,423
Tanger Factory Outlet Centers Inc.b		505,646		13,136,683
Taubman Centers Inc.b		253,612		15,102,595
Uniti Group Inc.a		1,199,662		30,159,503
Urban Edge Propertiesb		492,567		11,688,615
Weingarten Realty Investorsb		897,395		27,011,589
				681,136,176
FOOD & STAPLES RETAILING — 0.17%
Sprouts Farmers Market Inc.a		485,831		11,013,789
				11,013,789

534

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P MID-CAP 400 GROWTH ETF

June 30, 2017

Security	Shares		Value
FOOD PRODUCTS — 1.80%
Ingredion Inc.		255,959	$	30,512,872
Lamb Weston Holdings Inc.		653,644		28,786,482
Lancaster Colony Corp.		148,033		18,151,807
Post Holdings Inc.a,b		503,460		39,093,669
Tootsie Roll Industries Inc.b		91,194		3,178,111
				119,722,941
GAS UTILITIES — 0.93%
National Fuel Gas Co.		356,923		19,930,580
Southwest Gas Holdings Inc.		361,327		26,398,551
WGL Holdings Inc.		187,622		15,653,303
				61,982,434
HEALTH CARE EQUIPMENT & SUPPLIES — 4.30%
ABIOMED Inc.a		309,609		44,366,970
Globus Medical Inc. Class Aa,b		259,929		8,616,646
Hill-Rom Holdings Inc.		283,174		22,543,482
Masimo Corp.a		345,822		31,532,050
NuVasive Inc.a,b		384,910		29,607,277
ResMed Inc.		711,126		55,375,382
Teleflex Inc.		198,210		41,180,110
West Pharmaceutical Services Inc.		558,823		52,819,950
				286,041,867
HEALTH CARE PROVIDERS & SERVICES — 2.75%
Acadia Healthcare Co. Inc.a,b		117,066		5,780,719
HealthSouth Corp.		680,504		32,936,394
MEDNAX Inc.a,b		438,145		26,450,814
VCA Inc.a		617,430		56,994,963
WellCare Health Plans Inc.a		338,034		60,697,385
				182,860,275
HEALTH CARE TECHNOLOGY — 0.49%
Medidata Solutions Inc.a		421,204		32,938,153
				32,938,153
HOTELS, RESTAURANTS & LEISURE — 5.07%
Brinker International Inc.		371,751		14,163,713
Buffalo Wild Wings Inc.a,b		121,702		15,419,643
Cheesecake Factory Inc. (The)		338,896		17,046,469
Churchill Downs Inc.		93,933		17,217,919
Cracker Barrel Old Country Store Inc.b		131,519		21,996,553
Domino’s Pizza Inc.		365,369		77,286,504
Dunkin’ Brands Group Inc.		700,166		38,593,150

Security	Shares		Value
Jack in the Box Inc.		223,494	$	22,014,159
Panera Bread Co. Class Aa		162,092		51,000,627
Papa John’s International Inc.		202,018		14,496,811
Texas Roadhouse Inc.		490,466		24,989,243
Wendy’s Co. (The)		1,454,576		22,560,474
				336,785,265
HOUSEHOLD DURABLES — 1.30%
NVR Inc.a		26,482		63,837,774
Tempur Sealy International Inc.a,b		212,181		11,328,344
Tupperware Brands Corp.		163,396		11,475,301
				86,641,419
HOUSEHOLD PRODUCTS — 0.21%
Energizer Holdings Inc.		292,566		14,049,019
				14,049,019
INDUSTRIAL CONGLOMERATES — 0.70%
Carlisle Companies Inc.		490,788		46,821,175
				46,821,175
INSURANCE 1.20%
Brown & Brown Inc.		873,864		37,637,322
Primerica Inc.		321,427		24,348,095
RenaissanceRe Holdings Ltd.		127,391		17,713,719
				79,699,136
INTERNET SOFTWARE & SERVICES — 1.35%
j2 Global Inc.		366,144		31,155,193
LogMeIn Inc.		400,249		41,826,020
WebMD Health Corp.a,b		286,667		16,813,020
				89,794,233
IT SERVICES — 4.09%
Acxiom Corp.a		271,507		7,053,752
Broadridge Financial Solutions Inc.		893,293		67,497,219
Convergys Corp.		311,337		7,403,594
CoreLogic Inc./U.S.a		643,064		27,896,116
Jack Henry & Associates Inc.		589,957		61,278,834
MAXIMUS Inc.		492,482		30,844,148
Sabre Corp.		750,461		16,337,536
Science Applications International Corp.		332,054		23,051,189
WEX Inc.a,b		293,276		30,579,888
				271,942,276

535

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P MID-CAP 400 GROWTH ETF

June 30, 2017

Security	Shares		Value
LEISURE PRODUCTS — 0.30%
Polaris Industries Inc.b		213,641	$	19,704,109
				19,704,109
LIFE SCIENCES TOOLS & SERVICES — 1.72%
Bio-Rad Laboratories Inc. Class Aa,b		77,842		17,616,423
Bio-Techne Corp.		283,636		33,327,230
Charles River Laboratories International Inc.a		225,406		22,799,817
INC Research Holdings Inc. Class Aa		411,053		24,046,601
PAREXEL International Corp.a		188,974		16,423,730
				114,213,801
MACHINERY — 6.35%
Crane Co.		384,286		30,504,623
Donaldson Co. Inc.		702,558		31,994,491
Graco Inc.		422,054		46,122,061
IDEX Corp.		579,747		65,517,209
Kennametal Inc.		283,421		10,605,614
Lincoln Electric Holdings Inc.		469,889		43,272,078
Nordson Corp.		407,235		49,405,750
Oshkosh Corp.		296,816		20,444,686
Toro Co. (The)		817,349		56,634,112
Wabtec Corp./DEb		426,500		39,024,750
Woodward Inc.		418,967		28,313,790
				421,839,164
MEDIA — 1.42%
AMC Networks Inc. Class Aa,b		273,368		14,600,585
Cable One Inc.		35,635		25,332,921
Cinemark Holdings Inc.		460,854		17,904,178
John Wiley & Sons Inc. Class A		161,861		8,538,168
Live Nation Entertainment Inc.a,b		527,676		18,389,509
Meredith Corp.		157,531		9,365,218
				94,130,579
METALS & MINING — 1.84%
Compass Minerals International Inc.b		116,734		7,622,730
Royal Gold Inc.		496,410		38,804,370
Steel Dynamics Inc.		1,230,767		44,073,766
U.S. Steel Corp.		663,486		14,689,580
Worthington Industries Inc.		335,329		16,840,223
				122,030,669

Security	Shares		Value
MULTI-UTILITIES — 0.83%
Black Hills Corp.		243,705	$	16,442,776
MDU Resources Group Inc.		1,483,813		38,875,901
				55,318,677
OIL, GAS & CONSUMABLE FUELS — 1.13%
Energen Corp.a		311,120		15,359,994
Gulfport Energy Corp.a,b		716,217		10,564,201
Matador Resources Co.a,b		337,522		7,212,845
QEP Resources Inc.a		699,149		7,061,405
SM Energy Co.b		360,433		5,957,958
Southwestern Energy Co.a,b		2,161,916		13,144,449
WPX Energy Inc.a		1,612,086		15,572,751
				74,873,603
PERSONAL PRODUCTS — 0.25%
Nu Skin Enterprises Inc. Class A		260,380		16,362,279
				16,362,279
PHARMACEUTICALS — 0.73%
Akorn Inc.a,b		662,411		22,217,265
Catalent Inc.a,b		400,527		14,058,498
Prestige Brands Holdings Inc.a,b		230,353		12,164,942
				48,440,705
PROFESSIONAL SERVICES — 0.46%
Dun & Bradstreet Corp. (The)		280,323		30,316,932
				30,316,932
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.12%
Alexander & Baldwin Inc.		194,879		8,064,093
				8,064,093
ROAD & RAIL — 1.65%
Avis Budget Group Inc.a,b		642,842		17,530,301
Genesee & Wyoming Inc. Class Aa,b		219,690		15,024,599
Landstar System Inc.		318,523		27,265,569
Old Dominion Freight Line Inc.		526,133		50,108,907
				109,929,376
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.08%
Cirrus Logic Inc.a		489,375		30,693,600
Cypress Semiconductor Corp.		1,058,490		14,448,389
Integrated Device Technology Inc.a,b		1,010,393		26,058,035
Microsemi Corp.a		877,324		41,058,763

536

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P MID-CAP 400 GROWTH ETF

June 30, 2017

Security	Shares		Value
Monolithic Power Systems Inc.		288,428	$	27,804,459
Silicon Laboratories Inc.a,b		321,737		21,990,724
Teradyne Inc.		861,567		25,872,857
Versum Materials Inc.		520,162		16,905,265
				204,832,092
SOFTWARE — 6.84%
ACI Worldwide Inc.a,b		423,396		9,471,368
Blackbaud Inc.		364,765		31,278,599
Cadence Design Systems Inc.a		1,529,464		51,221,749
CDK Global Inc.		1,103,105		68,458,696
CommVault Systems Inc.a		317,579		17,927,335
Fair Isaac Corp.		235,255		32,796,900
Fortinet Inc.a		1,135,036		42,495,748
Manhattan Associates Inc.a,b		353,490		16,988,729
PTC Inc.a		614,371		33,864,129
Take-Two Interactive Software Inc.a,b		788,897		57,889,262
Tyler Technologies Inc.a,b		256,380		45,038,275
Ultimate Software Group Inc. (The)a,b		225,766		47,424,406
				454,855,196
SPECIALTY RETAIL — 1.14%
Cabela’s Inc.a		216,936		12,890,337
Chico’s FAS Inc.		480,159		4,523,098
Dick’s Sporting Goods Inc.		666,829		26,559,799
Michaels Companies Inc. (The)a,b		405,645		7,512,545
Sally Beauty Holdings Inc.a,b		587,355		11,893,939
Urban Outfitters Inc.a,b		674,478		12,504,822
				75,884,540
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.73%
3D Systems Corp.a,b		587,259		10,981,744
NCR Corp.a		920,811		37,605,921
				48,587,665
TEXTILES, APPAREL & LUXURY GOODS — 1.34%
Carter’s Inc.		367,641		32,701,667
Deckers Outdoor Corp.a,b		125,128		8,541,237
Kate Spade & Co.a		974,685		18,021,926
Skechers U.S.A. Inc. Class Aa,b		1,016,448		29,985,216
				89,250,046
THRIFTS & MORTGAGE FINANCE — 0.34%
Washington Federal Inc.		679,509		22,559,699
				22,559,699

Security	Shares		Value
TRADING COMPANIES & DISTRIBUTORS — 0.89%
GATX Corp.		132,293	$	8,502,471
MSC Industrial Direct Co. Inc. Class A		342,546		29,445,254
Watsco Inc.		138,564		21,366,569
				59,314,294
WATER UTILITIES — 0.35%
Aqua America Inc.		701,648		23,364,878
				23,364,878
TOTAL COMMON STOCKS (Cost: $5,559,584,622)				6,635,574,015
SHORT-TERM INVESTMENTS — 6.10%
MONEY MARKET FUNDS — 6.10%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		396,661,546		396,780,545
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		8,599,942		8,599,942
				405,380,487
TOTAL SHORT-TERM INVESTMENTS (Cost: $405,338,898)				405,380,487
TOTAL INVESTMENTS IN SECURITIES —105.92% (Cost: $5,964,923,520)f				7,040,954,502
Other Assets, Less Liabilities — (5.92)%				(393,839,463	)
NET ASSETS — 100.00%			$	6,647,115,039

NVS — Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $6,016,870,169. Net unrealized appreciation was $1,024,084,333, of which $1,241,564,392 represented gross unrealized appreciation on securities and $217,480,059 represented gross unrealized depreciation on securities.

537

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P MID-CAP 400 GROWTH ETF

June 30, 2017

Schedule 1 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P MidCap 400 E-Mini		63		Sep. 2017		Chicago Mercantile	$	10,950,904	$	11,000,430	$	49,526

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	6,635,574,015	$	—	$	—	$	6,635,574,015
Money market funds		405,380,487		—		—		405,380,487
Total	$	7,040,954,502	$	—	$	—	$	7,040,954,502
Derivative financial instruments:a
Assets:
Futures contracts	$	49,526	$	—	$	—	$	49,526
Total	$	49,526	$	—	$	—	$	49,526

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

538

Schedule of Investments (Unaudited)

iSHARES^® S&P MID-CAP 400 VALUE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.82%
AEROSPACE & DEFENSE — 1.61%
Esterline Technologies Corp.a		213,641	$	20,253,167
KLX Inc.a		371,139		18,556,950
Orbital ATK Inc.		413,535		40,675,303
Teledyne Technologies Inc.a		81,257		10,372,456
				89,857,876
AIRLINES — 0.98%
JetBlue Airways Corp.a		2,390,045		54,564,727
				54,564,727
AUTO COMPONENTS — 0.66%
Cooper Tire & Rubber Co.		380,323		13,729,661
Dana Inc.		1,036,634		23,148,037
				36,877,698
BANKS — 9.06%
Associated Banc-Corp.		1,092,157		27,522,356
BancorpSouth Inc.		596,366		18,189,163
Bank of Hawaii Corp.		92,565		7,680,118
Cathay General Bancorp.		538,504		20,436,227
Chemical Financial Corp.		189,237		9,160,963
Cullen/Frost Bankers Inc.		200,297		18,809,891
East West Bancorp. Inc.		373,118		21,857,253
F.N.B. Corp.		2,315,952		32,793,880
Fulton Financial Corp.		628,423		11,940,037
Hancock Holding Co.		605,962		29,692,138
International Bancshares Corp.		209,537		7,344,272
MB Financial Inc.		220,626		9,716,369
PacWest Bancorp.		858,932		40,112,124
Prosperity Bancshares Inc.		498,113		31,998,779
Signature Bank/New York NYa		127,110		18,244,098
SVB Financial Groupa,b		146,817		25,808,960
Synovus Financial Corp.		430,278		19,035,499
TCF Financial Corp.		1,229,296		19,594,978
Texas Capital Bancshares Inc.a,b		121,669		9,417,181
Trustmark Corp.		260,973		8,392,892
UMB Financial Corp.		101,510		7,599,039
Umpqua Holdings Corp.		1,580,167		29,011,866
United Bankshares Inc./WV		421,553		16,524,878
Valley National Bancorp.		1,892,391		22,349,138
Webster Financial Corp.		238,615		12,460,475
Wintrust Financial Corp.		399,020		30,501,089
				506,193,663

Security	Shares		Value
BEVERAGES — 0.07%
Boston Beer Co. Inc. (The) Class Aa,b		31,169	$	4,118,983
				4,118,983
BIOTECHNOLOGY — 0.23%
United Therapeutics Corp.a,b		97,153		12,603,659
				12,603,659
CAPITAL MARKETS — 2.62%
Eaton Vance Corp. NVS		313,818		14,849,868
FactSet Research Systems Inc.		79,439		13,201,173
Federated Investors Inc. Class B NVS		331,420		9,362,615
Janus Henderson Group PLCa,b		1,292,331		42,789,079
Legg Mason Inc.		611,524		23,335,756
SEI Investments Co.		373,130		20,066,931
Stifel Financial Corp.a,b		491,124		22,581,882
				146,187,304
CHEMICALS — 3.49%
Ashland Global Holdings Inc.		446,117		29,403,572
Cabot Corp.		448,098		23,941,876
Chemours Co. (The)		608,748		23,083,724
NewMarket Corp.		29,904		13,770,194
Olin Corp.		1,188,986		36,002,496
PolyOne Corp.		586,341		22,714,850
RPM International Inc.		364,277		19,871,310
Sensient Technologies Corp.		121,073		9,750,009
Valvoline Inc.		704,712		16,715,769
				195,253,800
COMMERCIAL SERVICES & SUPPLIES — 1.21%
Clean Harbors Inc.a,b		373,546		20,855,073
Deluxe Corp.		118,713		8,217,314
Herman Miller Inc.		429,889		13,068,626
HNI Corp.		134,109		5,346,926
Pitney Bowes Inc.		1,338,255		20,207,650
				67,695,589
COMMUNICATIONS EQUIPMENT — 1.72%
ARRIS International PLCa		794,436		22,260,097
Brocade Communications Systems Inc.		1,034,315		13,042,712
Ciena Corp.a,b		1,016,573		25,434,656
NetScout Systems Inc.a,b		657,594		22,621,234
Plantronics Inc.		75,988		3,974,932
ViaSat Inc.a,b		133,348		8,827,638
				96,161,269

539

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P MID-CAP 400 VALUE ETF

June 30, 2017

Security	Shares		Value
CONSTRUCTION & ENGINEERING — 1.57%
AECOMa,b		1,116,069	$	36,082,511
Dycom Industries Inc.a,b		109,793		9,828,669
EMCOR Group Inc.		221,311		14,469,313
KBR Inc.		1,027,934		15,645,155
Valmont Industries Inc.		77,946		11,660,722
				87,686,370
CONTAINERS & PACKAGING — 2.23%
AptarGroup Inc.		241,865		21,008,394
Bemis Co. Inc.		659,133		30,484,901
Greif Inc. Class A NVS		185,774		10,362,474
Owens-Illinois Inc.a,b		1,166,565		27,904,235
Silgan Holdings Inc.b		538,176		17,103,233
Sonoco Products Co.		342,286		17,600,346
				124,463,583
DIVERSIFIED CONSUMER SERVICES — 0.94%
Adtalem Global Education Inc.		409,272		15,531,873
Graham Holdings Co. Class B		33,385		20,019,315
Service Corp. International/U.S.		512,740		17,151,153
				52,702,341
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.18%
Frontier Communications Corp.b		8,472,963		9,828,637
				9,828,637
ELECTRIC UTILITIES — 3.48%
Great Plains Energy Inc.		1,544,641		45,227,089
Hawaiian Electric Industries Inc.		779,869		25,252,158
IDACORP Inc.		361,211		30,829,359
OGE Energy Corp.		1,430,547		49,768,730
PNM Resources Inc.		571,175		21,847,444
Westar Energy Inc.		407,514		21,606,392
				194,531,172
ELECTRICAL EQUIPMENT — 0.75%
Hubbell Inc.		139,667		15,806,114
Regal Beloit Corp.		321,350		26,206,093
				42,012,207
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.13%
Arrow Electronics Inc.a,b		636,424		49,908,370
Avnet Inc.		895,827		34,829,754
Belden Inc.		151,982		11,464,002
Jabil Inc.		1,306,273		38,130,109
Keysight Technologies Inc.a,b		569,741		22,180,017

Security	Shares		Value
Knowles Corp.a,b		641,006	$	10,845,822
National Instruments Corp.		389,200		15,653,624
SYNNEX Corp.		208,968		25,067,801
Tech Data Corp.a		248,796		25,128,396
Trimble Inc.a		634,908		22,647,168
VeriFone Systems Inc.a,b		802,138		14,518,698
Vishay Intertechnology Inc.b		962,468		15,976,969
				286,350,730
ENERGY EQUIPMENT & SERVICES — 1.82%
Diamond Offshore Drilling Inc.a,b		468,276		5,071,429
Dril-Quip Inc.a,b		271,850		13,266,280
Ensco PLC Class A		2,186,951		11,284,667
Nabors Industries Ltd.		2,056,426		16,739,308
Oceaneering International Inc.		705,584		16,115,539
Oil States International Inc.a,b		371,967		10,098,904
Patterson-UTI Energy Inc.		642,188		12,965,776
Rowan Companies PLC Class Aa		907,951		9,297,418
Superior Energy Services Inc.a		651,047		6,790,420
				101,629,741
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 8.42%
American Campus Communities Inc.b		394,811		18,674,560
Camden Property Trustb		295,395		25,259,226
Care Capital Properties Inc.		603,136		16,103,731
CoreCivic Inc.		847,033		23,361,170
Corporate Office Properties Trustb		221,955		7,775,084
Cousins Properties Inc.b		3,003,666		26,402,224
CyrusOne Inc.b		269,121		15,003,496
EPR Properties		179,637		12,910,511
GEO Group Inc. (The)		429,465		12,699,280
Healthcare Realty Trust Inc.b		251,179		8,577,763
Highwoods Properties Inc.		307,666		15,601,743
Hospitality Properties Trust		1,167,564		34,034,491
LaSalle Hotel Propertiesb		809,613		24,126,467
Life Storage Inc.b		333,425		24,706,793
Mack-Cali Realty Corp.b		253,895		6,890,710
Medical Properties Trust Inc.b		2,608,749		33,574,600
National Retail Properties Inc.b		449,448		17,573,417
Omega Healthcare Investors Inc.b		1,409,882		46,554,304

540

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P MID-CAP 400 VALUE ETF

June 30, 2017

Security	Shares		Value
Potlatch Corp.		100,417	$	4,589,057
Quality Care Properties Inc.a		672,694		12,317,027
Rayonier Inc.b		508,833		14,639,125
Senior Housing Properties Trust		1,687,616		34,494,871
Tanger Factory Outlet Centers Inc.b		216,402		5,622,124
Taubman Centers Inc.b		196,359		11,693,178
Urban Edge Propertiesb		250,212		5,937,531
Washington Prime Group Inc.b		1,335,151		11,175,214
				470,297,697
FOOD & STAPLES RETAILING — 0.97%
Casey’s General Stores Inc.		280,873		30,084,307
Sprouts Farmers Market Inc.a		475,507		10,779,744
United Natural Foods Inc.a,b		363,888		13,354,689
				54,218,740
FOOD PRODUCTS — 3.01%
Dean Foods Co.		653,470		11,108,990
Flowers Foods Inc.		1,320,140		22,851,624
Hain Celestial Group Inc. (The)a,b		741,905		28,800,752
Ingredion Inc.		272,315		32,462,671
Lamb Weston Holdings Inc.		378,404		16,664,912
Snyder’s-Lance Inc.		616,986		21,360,055
Tootsie Roll Industries Inc.b		43,987		1,532,947
TreeHouse Foods Inc.a,b		408,129		33,340,058
				168,122,009
GAS UTILITIES — 3.67%
Atmos Energy Corp.		754,051		62,548,531
National Fuel Gas Co.		276,017		15,412,789
New Jersey Resources Corp.		619,871		24,608,879
ONE Gas Inc.		376,064		26,253,028
UGI Corp.		1,239,903		60,023,704
WGL Holdings Inc.		191,217		15,953,234
				204,800,165
HEALTH CARE EQUIPMENT & SUPPLIES — 2.85%
Globus Medical Inc. Class Aa,b		276,042		9,150,792
Halyard Health Inc.a		335,349		13,172,509
Hill-Rom Holdings Inc.		163,853		13,044,337
LivaNova PLCa,b		311,242		19,051,123
ResMed Inc.		345,733		26,922,229
STERIS PLC		608,419		49,586,148
Teleflex Inc.		135,452		28,141,508
				159,068,646

Security	Shares		Value
HEALTH CARE PROVIDERS & SERVICES — 1.84%
Acadia Healthcare Co. Inc.a,b		438,595	$	21,657,821
LifePoint Health Inc.a,b		289,765		19,457,720
MEDNAX Inc.a,b		253,894		15,327,581
Molina Healthcare Inc.a,b		306,707		21,217,990
Owens & Minor Inc.		439,648		14,152,269
Tenet Healthcare Corp.a,b		577,836		11,175,348
				102,988,729
HEALTH CARE TECHNOLOGY — 0.30%
Allscripts Healthcare Solutions Inc.a,b		1,302,865		16,624,557
				16,624,557
HOTELS, RESTAURANTS & LEISURE — 0.27%
Cracker Barrel Old Country Store Inc.b		48,464		8,105,604
International Speedway Corp. Class A		180,737		6,786,674
				14,892,278
HOUSEHOLD DURABLES — 2.35%
CalAtlantic Group Inc.b		553,110		19,552,439
Helen of Troy Ltd.a		194,091		18,263,963
KB Homeb		597,019		14,310,545
Tempur Sealy International Inc.a,b		138,635		7,401,723
Toll Brothers Inc.		1,060,208		41,888,818
TRI Pointe Group Inc.a,b		1,142,478		15,069,285
Tupperware Brands Corp.		211,878		14,880,192
				131,366,965
HOUSEHOLD PRODUCTS — 0.14%
Energizer Holdings Inc.		169,093		8,119,846
				8,119,846
INSURANCE — 7.56%
Alleghany Corp.a		99,264		59,042,227
American Financial Group Inc./OH		527,313		52,399,093
Aspen Insurance Holdings Ltd.		429,244		21,397,814
CNO Financial Group Inc.		1,152,442		24,062,989
First American Financial Corp.		789,044		35,262,376
Genworth Financial Inc. Class Aa		3,544,429		13,362,497
Hanover Insurance Group Inc. (The)		305,983		27,119,273

541

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P MID-CAP 400 VALUE ETF

June 30, 2017

Security	Shares		Value
Kemper Corp.		348,675	$	13,458,855
Mercury General Corp.		262,310		14,164,740
Old Republic International Corp.		1,754,070		34,256,987
Reinsurance Group of America Inc.		460,756		59,156,463
RenaissanceRe Holdings Ltd.		147,528		20,513,768
WR Berkley Corp.		693,957		48,001,006
				422,198,088
INTERNET & DIRECT MARKETING RETAIL — 0.13%
HSN Inc.		230,250		7,344,975
				7,344,975
INTERNET SOFTWARE & SERVICES — 0.24%
Cars.com Inc.a		514,144		13,691,655
				13,691,655
IT SERVICES — 2.69%
Acxiom Corp.a		310,974		8,079,105
Convergys Corp.		385,674		9,171,328
DST Systems Inc.		442,840		27,323,228
Leidos Holdings Inc.		1,027,748		53,124,294
NeuStar Inc. Class Aa,b		251,532		8,388,592
Sabre Corp.		768,211		16,723,953
Teradata Corp.a,b		938,439		27,674,566
				150,485,066
LEISURE PRODUCTS — 1.08%
Brunswick Corp./DE		639,920		40,142,182
Polaris Industries Inc.b		218,648		20,165,905
				60,308,087
LIFE SCIENCES TOOLS & SERVICES — 0.83%
Bio-Rad Laboratories Inc. Class Aa,b		76,191		17,242,785
Charles River Laboratories International Inc.a		130,089		13,158,502
PAREXEL International Corp.a		185,851		16,152,311
				46,553,598
MACHINERY — 3.58%
AGCO Corp.		478,371		32,237,422
Donaldson Co. Inc.		285,020		12,979,811
ITT Inc.		635,864		25,549,016
Kennametal Inc.		312,753		11,703,217
Oshkosh Corp.		257,721		17,751,822
Terex Corp.		699,553		26,233,237
Timken Co. (The)		503,541		23,288,771

Security	Shares		Value
Trinity Industries Inc.		1,090,903	$	30,578,011
Wabtec Corp./DEb		216,921		19,848,272
				200,169,579
MARINE — 0.46%
Kirby Corp.a,b		387,079		25,876,231
				25,876,231
MEDIA — 1.61%
AMC Networks Inc. Class Aa,b		139,569		7,454,380
Cinemark Holdings Inc.		327,420		12,720,267
John Wiley & Sons Inc. Class A		170,687		9,003,739
Live Nation Entertainment Inc.a,b		461,277		16,075,504
Meredith Corp.b		115,315		6,855,477
New York Times Co. (The) Class A		877,286		15,527,962
TEGNA Inc.		1,540,149		22,193,547
				89,830,876
METALS & MINING — 2.21%
Allegheny Technologies Inc.b		782,754		13,314,646
Carpenter Technology Corp.		335,998		12,576,405
Commercial Metals Co.		831,484		16,155,734
Compass Minerals International Inc.b		133,790		8,736,487
Reliance Steel & Aluminum Co.		522,289		38,027,862
Steel Dynamics Inc.		572,773		20,511,001
U.S. Steel Corp.b		628,491		13,914,791
				123,236,926
MULTI-UTILITIES — 1.19%
Black Hills Corp.		153,816		10,377,965
NorthWestern Corp.		346,155		21,122,378
Vectren Corp.		594,506		34,742,931
				66,243,274
MULTILINE RETAIL — 0.44%
Big Lots Inc.b		321,617		15,534,101
Dillard’s Inc. Class Ab		154,946		8,938,835
				24,472,936
OIL, GAS & CONSUMABLE FUELS — 2.95%
CONSOL Energy Inc.a		1,271,311		18,993,387
Energen Corp.a		404,103		19,950,565
Gulfport Energy Corp.a,b		470,459		6,939,270
HollyFrontier Corp.		1,271,059		34,915,991
Matador Resources Co.a,b		358,017		7,650,823
PBF Energy Inc. Class A		787,303		17,525,365

542

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P MID-CAP 400 VALUE ETF

June 30, 2017

Security	Shares		Value
QEP Resources Inc.a		1,074,681	$	10,854,278
SM Energy Co.b		369,261		6,103,884
Southwestern Energy Co.a		1,605,903		9,763,890
World Fuel Services Corp.		495,449		19,050,014
WPX Energy Inc.a,b		1,343,904		12,982,113
				164,729,580
PAPER & FOREST PRODUCTS — 0.76%
Domtar Corp.		449,250		17,260,185
Louisiana-Pacific Corp.a		1,038,121		25,029,097
				42,289,282
PERSONAL PRODUCTS — 0.90%
Avon Products Inc.a		3,161,870		12,015,106
Edgewell Personal Care Co.a		411,602		31,289,984
Nu Skin Enterprises Inc. Class A		111,130		6,983,409
				50,288,499
PHARMACEUTICALS — 0.77%
Catalent Inc.a		520,227		18,259,968
Endo International PLCa		1,425,750		15,925,627
Prestige Brands Holdings Inc.a,b		164,543		8,689,516
				42,875,111
PROFESSIONAL SERVICES — 1.15%
FTI Consulting Inc.a		297,299		10,393,573
ManpowerGroup Inc.		480,502		53,648,048
				64,041,621
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.84%
Alexander & Baldwin Inc.		150,448		6,225,538
Jones Lang LaSalle Inc.b		324,506		40,563,250
				46,788,788
ROAD & RAIL — 0.95%
Genesee & Wyoming Inc. Class Aa,b		234,155		16,013,860
Ryder System Inc.		384,041		27,643,271
Werner Enterprises Inc.		321,805		9,444,977
				53,102,108
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.77%
Cree Inc.a,b		698,143		17,209,225
Cypress Semiconductor Corp.		1,371,425		18,719,951
First Solar Inc.a,b		561,067		22,375,352
Synaptics Inc.a,b		246,534		12,748,273
Teradyne Inc.		613,995		18,438,270
Versum Materials Inc.		288,996		9,392,370
				98,883,441

Security	Shares		Value
SOFTWARE — 0.90%
ACI Worldwide Inc.a,b		449,541	$	10,056,232
Cadence Design Systems Inc.a		562,290		18,831,092
Manhattan Associates Inc.a,b		165,730		7,964,984
PTC Inc.a		249,043		13,727,250
				50,579,558
SPECIALTY RETAIL — 2.60%
Aaron’s Inc.		451,216		17,552,302
American Eagle Outfitters Inc.		1,195,790		14,409,270
Cabela’s Inc.a		167,409		9,947,443
Chico’s FAS Inc.		489,073		4,607,068
GameStop Corp. Class A		727,277		15,716,456
Michaels Companies Inc. (The)a		382,866		7,090,678
Murphy USA Inc.a,b		248,030		18,381,503
Office Depot Inc.		3,707,104		20,908,067
Sally Beauty Holdings Inc.a		436,805		8,845,301
Williams-Sonoma Inc.		571,451		27,715,373
				145,173,461
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.35%
3D Systems Corp.a,b		226,948		4,243,928
Diebold Nixdorf Inc.		541,869		15,172,332
				19,416,260
TEXTILES, APPAREL & LUXURY GOODS — 0.14%
Deckers Outdoor Corp.a,b		113,480		7,746,145
				7,746,145
THRIFTS & MORTGAGE FINANCE — 0.82%
New York Community Bancorp. Inc.		3,503,748		46,004,211
				46,004,211
TRADING COMPANIES & DISTRIBUTORS — 0.64%
GATX Corp.		157,891		10,147,654
NOW Inc.a,b		773,999		12,445,904
Watsco Inc.		87,368		13,472,146
				36,065,704
WATER UTILITIES — 0.36%
Aqua America Inc.		611,657		20,368,178
				20,368,178
WIRELESS TELECOMMUNICATION SERVICES — 0.33%
Telephone & Data Systems Inc.		673,140		18,679,635
				18,679,635
TOTAL COMMON STOCKS
(Cost: $5,115,623,301)				5,576,661,854

543

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P MID-CAP 400 VALUE ETF

June 30, 2017

Security	Shares		Value
SHORT-TERM INVESTMENTS — 10.86%
MONEY MARKET FUNDS — 10.86%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		572,158,218	$	572,329,866
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		34,283,121		34,283,121
				606,612,987
TOTAL SHORT-TERM INVESTMENTS
(Cost: $606,567,617)				606,612,987

	Value
TOTAL INVESTMENTS IN SECURITIES — 110.68%
(Cost: $5,722,190,918)f	$	6,183,274,841
Other Assets, Less Liabilities — (10.68)%		(596,731,095	)
NET ASSETS — 100.00%	$	5,586,543,746

NVS — Non-Voting Shares

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $5,845,168,102. Net unrealized appreciation was $338,106,739, of which $715,391,956 represented gross unrealized appreciation on securities and $377,285,217 represented gross unrealized depreciation on securities.

Schedule 1 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
S&P MidCap 400 E-Mini		55		Sep. 2017		Chicago Mercantile	$	9,555,594	$	9,603,550	$	47,956

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	5,576,661,854	$	—	$	—	$	5,576,661,854
Money market funds		606,612,987		—		—		606,612,987
Total	$	6,183,274,841	$	—	$	—	$	6,183,274,841
Derivative financial instrumentsa:
Assets:
Futures contracts	$	47,956	$	—	$	—	$	47,956
Total	$	47,956	$	—	$	—	$	47,956

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

544

Schedule of Investments (Unaudited)

iSHARES^® S&P SMALL-CAP 600 GROWTH ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.84%
AEROSPACE & DEFENSE — 1.30%
Aerojet Rocketdyne Holdings Inc.a,b		576,198	$	11,984,918
Aerovironment Inc.a,b		119,192		4,553,134
Axon Enterprise Inc.a,b		628,656		15,804,412
Mercury Systems Inc.a		575,872		24,238,453
				56,580,917
AIR FREIGHT & LOGISTICS — 0.29%
Forward Air Corp.		240,045		12,789,598
				12,789,598
AIRLINES — 1.18%
Allegiant Travel Co.		157,083		21,300,455
Hawaiian Holdings Inc.a,b		640,324		30,063,212
				51,363,667
AUTO COMPONENTS — 1.72%
Dorman Products Inc.a,b		360,357		29,826,749
Fox Factory Holding Corp.a,b		411,969		14,666,096
LCI Industries		298,331		30,549,095
				75,041,940
AUTOMOBILES — 0.26%
Winnebago Industries Inc.		320,757		11,226,495
				11,226,495
BANKS — 9.86%
Ameris Bancorp.		443,962		21,398,968
Boston Private Financial Holdings Inc.		591,746		9,083,301
Brookline Bancorp. Inc.		585,398		8,546,811
Central Pacific Financial Corp.		350,107		11,017,867
City Holding Co.		100,903		6,646,481
Columbia Banking System Inc.		370,181		14,751,713
Community Bank System Inc.		341,166		19,026,828
Customers Bancorp. Inc.a		348,678		9,860,614
CVB Financial Corp.b		711,137		15,950,803
First BanCorp./Puerto Ricoa		1,902,083		11,013,061
First Commonwealth Financial Corp.		681,374		8,639,822
First Financial Bancorp.		476,451		13,197,693
First Financial Bankshares Inc.		789,091		34,877,822
First Midwest Bancorp. Inc./IL		567,744		13,234,113
Glacier Bancorp. Inc.		631,920		23,134,591
Great Western Bancorp. Inc.		407,504		16,630,238

Security	Shares		Value
Hanmi Financial Corp.		391,521	$	11,138,772
Independent Bank Corp./Rockland MA		210,102		14,003,298
LegacyTexas Financial Group Inc.		501,243		19,112,396
National Bank Holdings Corp. Class A		323,191		10,700,854
NBT Bancorp. Inc.		320,064		11,826,365
ServisFirst Bancshares Inc.		528,770		19,506,325
Simmons First National Corp. Class A		198,449		10,497,952
Southside Bancshares Inc.		328,509		11,478,105
Sterling Bancorp./DE		1,626,391		37,813,591
Tompkins Financial Corp.		149,203		11,745,260
United Community Banks Inc./GA		851,331		23,667,002
Westamerica Bancorp.		190,833		10,694,281
				429,194,927
BEVERAGES — 0.14%
Coca-Cola Bottling Co. Consolidated		26,647		6,098,699
				6,098,699
BIOTECHNOLOGY — 2.71%
AMAG Pharmaceuticals Inc.a,b		426,234		7,842,706
Cytokinetics Inc.a,b		553,259		6,694,434
Eagle Pharmaceuticals Inc./DEa,b		93,712		7,392,940
Emergent BioSolutions Inc.a,b		195,378		6,625,268
Enanta Pharmaceuticals Inc.a		167,104		6,012,402
Ligand Pharmaceuticals Inc.a,b		228,151		27,697,531
MiMedx Group Inc.a,b		1,219,771		18,259,972
Momenta Pharmaceuticals Inc.a,b		804,421		13,594,715
Progenics Pharmaceuticals Inc.a,b		838,641		5,694,372
Repligen Corp.a,b		442,096		18,320,458
				118,134,798
BUILDING PRODUCTS — 3.50%
AAON Inc.b		469,489		17,300,670
American Woodmark Corp.a		88,874		8,491,911
Apogee Enterprises Inc.		204,992		11,651,745
Gibraltar Industries Inc.a,b		378,216		13,483,400
Griffon Corp.		378,743		8,313,409

545

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 GROWTH ETF

June 30, 2017

Security	Shares		Value
Insteel Industries Inc.b		206,368	$	6,803,953
Patrick Industries Inc.a,b		191,732		13,967,676
PGT Innovations Inc.a,b		601,470		7,698,816
Quanex Building Products Corp.		417,814		8,836,766
Simpson Manufacturing Co. Inc.		486,250		21,253,987
Trex Co. Inc.a,b		352,636		23,859,352
Universal Forest Products Inc.		123,996		10,826,091
				152,487,776
CAPITAL MARKETS — 1.67%
Evercore Partners Inc. Class A		492,317		34,708,348
Financial Engines Inc.		449,701		16,459,057
Greenhill & Co. Inc.		155,188		3,119,279
Piper Jaffray Companies		171,189		10,262,781
WisdomTree Investments Inc.		794,250		8,077,522
				72,626,987
CHEMICALS — 3.24%
A Schulman Inc.		156,154		4,996,928
Balchem Corp.		380,473		29,566,557
Flotek Industries Inc.a,b		277,212		2,478,275
Hawkins Inc.		71,688		3,322,739
Ingevity Corp.a		504,506		28,958,644
Innophos Holdings Inc.		170,602		7,479,192
Innospec Inc.		140,038		9,179,491
Koppers Holdings Inc.a		160,583		5,805,075
Kraton Corp.a,b		376,165		12,955,123
Quaker Chemical Corp.		159,481		23,161,426
Stepan Co.		148,545		12,944,211
				140,847,661
COMMERCIAL SERVICES & SUPPLIES — 3.63%
ABM Industries Inc.		320,110		13,290,967
Brady Corp. Class A		409,806		13,892,424
Healthcare Services Group Inc.		575,398		26,945,888
Matthews International Corp. Class A		271,005		16,599,056
Mobile Mini Inc.		242,316		7,233,133
Multi-Color Corp.		105,814		8,634,422
Tetra Tech Inc.		684,541		31,317,751
U.S. Ecology Inc.		263,206		13,291,903
UniFirst Corp./MAb		107,973		15,191,801
Viad Corp.		246,210		11,633,423
				158,030,768
COMMUNICATIONS EQUIPMENT — 1.79%
ADTRAN Inc.		370,576		7,652,394

Security	Shares		Value
Applied Optoelectronics Inc.a,b		75,976	$	4,694,557
CalAmp Corp.a,b		182,225		3,704,634
Lumentum Holdings Inc.a		664,956		37,935,740
NETGEAR Inc.a,b		224,015		9,655,047
Oclaro Inc.a,b		1,522,136		14,216,750
				77,859,122
CONSTRUCTION & ENGINEERING — 0.20%
MYR Group Inc.a		201,330		6,245,256
Orion Group Holdings Inc.a		344,763		2,575,380
				8,820,636
CONSTRUCTION MATERIALS — 0.22%
U.S. Concrete Inc.a,b		122,665		9,635,336
				9,635,336
CONSUMER FINANCE — 0.24%
Green Dot Corp. Class Aa,b		270,459		10,420,785
				10,420,785
DIVERSIFIED CONSUMER SERVICES — 0.51%
Capella Education Co.		137,943		11,807,921
Career Education Corp.a		459,157		4,407,907
Strayer Education Inc.b		64,333		5,997,122
				22,212,950
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.94%
ATN International Inc.		65,622		4,491,170
Cincinnati Bell Inc.a,b		299,585		5,856,887
Cogent Communications Holdings Inc.		491,959		19,727,556
Consolidated Communications Holdings Inc.		394,512		8,470,172
Lumos Networks Corp.a		134,083		2,396,063
				40,941,848
ELECTRICAL EQUIPMENT — 0.34%
AZZ Inc.		204,520		11,412,216
Vicor Corp.a,b		198,274		3,549,105
				14,961,321
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.39%
Badger Meter Inc.		347,962		13,866,286
Bel Fuse Inc. Class B		62,746		1,549,826
CTS Corp.		398,725		8,612,460
ePlus Inc.a		82,477		6,111,546
Fabrineta,b		448,984		19,153,658
FARO Technologies Inc.a,b		107,324		4,056,847

546

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 GROWTH ETF

June 30, 2017

Security	Shares		Value
II-VI Inc.a,b		658,949	$	22,601,951
Itron Inc.a		402,971		27,301,285
Methode Electronics Inc.		242,900		10,007,480
Rogers Corp.a		152,641		16,579,865
TTM Technologies Inc.a,b		1,026,926		17,827,435
				147,668,639
ENERGY EQUIPMENT & SERVICES — 1.35%
Archrock Inc.		368,659		4,202,712
Geospace Technologies Corp.a		76,861		1,062,988
Helix Energy Solutions Group Inc.a		688,111		3,880,946
McDermott International Inc.a,b		1,509,153		10,820,627
Pioneer Energy Services Corp.a,b		372,850		764,342
Tesco Corp.a		210,320		935,924
TETRA Technologies Inc.a		475,105		1,325,543
U.S. Silica Holdings Inc.		874,224		31,026,210
Unit Corp.a,b		246,068		4,608,854
				58,628,146
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 8.22%
Acadia Realty Trustb		438,097		12,179,097
Agree Realty Corp.		338,021		15,505,023
American Assets Trust Inc.		495,825		19,530,547
Armada Hoffler Properties Inc.b		235,869		3,054,504
CareTrust REIT Inc.b		867,962		16,092,015
CBL & Associates Properties Inc.b		467,323		3,939,533
Chatham Lodging Trustb		34,206		687,198
CoreSite Realty Corp.b		410,166		42,464,486
DiamondRock Hospitality Co.		1,246,733		13,651,726
EastGroup Properties Inc.b		404,430		33,891,234
Four Corners Property Trust Inc.b		721,342		18,112,898
Franklin Street Properties Corp.		678,431		7,517,015
Getty Realty Corp.b		327,828		8,228,483
Hersha Hospitality Trustb		291,866		5,402,440
Independence Realty Trust Inc.b		113,993		1,125,111
Lexington Realty Trustb		2,593,319		25,699,791
LTC Properties Inc.b		314,284		16,151,055
National Storage Affiliates Trust		531,083		12,273,328
Parkway Inc.b		267,382		6,120,374
Pennsylvania REITb		371,765		4,208,380

Security	Shares		Value
PS Business Parks Inc.		152,771	$	20,225,353
Ramco-Gershenson Properties Trustb		180,069		2,322,890
Retail Opportunity Investments Corp.b		884,248		16,968,719
Sabra Health Care REIT Inc.b		403,057		9,713,674
Saul Centers Inc.		99,883		5,791,216
Summit Hotel Properties Inc.b		1,250,245		23,317,069
Universal Health Realty Income Trustb		97,911		7,787,841
Urstadt Biddle Properties Inc. Class Ab		301,176		5,963,285
				357,924,285
FOOD & STAPLES RETAILING — 0.27%
SpartanNash Co.		456,721		11,856,477
				11,856,477
FOOD PRODUCTS — 1.31%
B&G Foods Inc.		793,766		28,258,070
Calavo Growers Inc.		184,730		12,755,606
J&J Snack Foods Corp.		99,298		13,114,287
John B Sanfilippo & Son Inc.		45,293		2,858,441
				56,986,404
GAS UTILITIES — 0.75%
South Jersey Industries Inc.		951,554		32,514,600
				32,514,600
HEALTH CARE EQUIPMENT & SUPPLIES — 5.79%
Abaxis Inc.		159,547		8,459,182
Analogic Corp.		67,724		4,920,149
Anika Therapeutics Inc.a,b		121,985		6,018,740
Cantel Medical Corp.		433,148		33,746,561
CryoLife Inc.a		328,327		6,550,124
Haemonetics Corp.a,b		322,676		12,742,475
ICU Medical Inc.a		179,617		30,983,932
Inogen Inc.a		119,813		11,432,556
Integra LifeSciences Holdings Corp.a,b		464,239		25,305,668
Lantheus Holdings Inc.a,b		350,980		6,194,797
LeMaitre Vascular Inc.		151,987		4,745,034
Meridian Bioscience Inc.		246,407		3,880,910
Merit Medical Systems Inc.a		599,036		22,853,223
Natus Medical Inc.a,b		177,769		6,630,784
Neogen Corp.a,b		456,534		31,551,065
OraSure Technologies Inc.a,b		692,985		11,960,921

547

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 GROWTH ETF

June 30, 2017

Security	Shares		Value
Orthofix International NVa		87,185	$	4,052,359
Surmodics Inc.a		162,887		4,585,269
Varex Imaging Corp.a		451,819		15,271,482
				251,885,231
HEALTH CARE PROVIDERS & SERVICES — 2.68%
AMN Healthcare Services Inc.a,b		572,881		22,371,003
BioTelemetry Inc.a		343,585		11,492,918
Chemed Corp.		102,320		20,927,510
CorVel Corp.a,b		51,730		2,454,589
Cross Country Healthcare Inc.a,b		380,328		4,910,034
Ensign Group Inc. (The)		302,689		6,589,540
HealthEquity Inc.a,b		296,655		14,782,319
Landauer Inc.		117,785		6,160,156
Magellan Health Inc.a		137,785		10,044,526
Tivity Health Inc.a,b		199,146		7,935,968
U.S. Physical Therapy Inc.		151,701		9,162,740
				116,831,303
HEALTH CARE TECHNOLOGY — 1.05%
HealthStream Inc.a,b		305,919		8,051,788
HMS Holdings Corp.a,b		1,007,790		18,644,115
Omnicell Inc.a,b		442,776		19,083,646
				45,779,549
HOTELS, RESTAURANTS & LEISURE — 3.74%
Belmond Ltd. Class Aa,b		1,021,963		13,592,108
Biglari Holdings Inc.a,b		7,500		2,998,050
Bob Evans Farms Inc./DE		124,662		8,954,471
Chuy’s Holdings Inc.a,b		208,299		4,874,197
Dave & Buster’s Entertainment Inc.a,b		446,952		29,726,777
DineEquity Inc.		104,299		4,594,371
El Pollo Loco Holdings Inc.a,b		167,325		2,317,451
ILG Inc.		713,283		19,608,150
Marcus Corp. (The)		232,039		7,007,578
Marriott Vacations Worldwide Corp.		208,001		24,492,118
Ruth’s Hospitality Group Inc.		177,317		3,856,645
Scientific Games Corp. Class Aa,b		616,800		16,098,480
Shake Shack Inc. Class Aa,b		161,048		5,617,354
Sonic Corp.		314,006		8,318,019
Wingstop Inc.b		350,402		10,827,422
				162,883,191

Security	Shares		Value
HOUSEHOLD DURABLES — 2.13%
Ethan Allen Interiors Inc.		172,115	$	5,559,314
Installed Building Products Inc.a,b		242,021		12,815,012
iRobot Corp.a,b		327,282		27,537,507
LGI Homes Inc.a,b		209,973		8,436,715
TopBuild Corp.a		444,294		23,578,683
Universal Electronics Inc.a,b		173,469		11,596,403
William Lyon Homes Class Aa,b		124,065		2,994,929
				92,518,563
HOUSEHOLD PRODUCTS — 0.64%
Central Garden & Pet Co.a,b		126,399		4,018,224
Central Garden & Pet Co. Class Aa		406,088		12,190,762
WD-40 Co.		106,937		11,800,498
				28,009,484
INDUSTRIAL CONGLOMERATES — 0.19%
Raven Industries Inc.		250,788		8,351,240
				8,351,240
INSURANCE — 0.69%
AMERISAFE Inc.		130,505		7,432,260
RLI Corp.		230,714		12,601,599
Universal Insurance Holdings Inc.		394,847		9,950,144
				29,984,003
INTERNET & DIRECT MARKETING RETAIL — 1.02%
NutriSystem Inc.		356,535		18,557,647
PetMed Express Inc.		159,960		6,494,376
Shutterfly Inc.a,b		405,558		19,264,005
				44,316,028
INTERNET SOFTWARE & SERVICES — 1.68%
DHI Group Inc.a		264,931		755,053
LivePerson Inc.a		276,943		3,046,373
NIC Inc.		745,186		14,121,275
Shutterstock Inc.a,b		227,990		10,049,799
SPS Commerce Inc.a,b		204,358		13,029,866
Stamps.com Inc.a,b		188,765		29,234,979
XO Group Inc.a,b		154,362		2,719,859
				72,957,204
IT SERVICES — 1.10%
Cardtronics PLC Class Aa		548,613		18,027,423
CSG Systems International Inc.		257,438		10,446,834

548

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 GROWTH ETF

June 30, 2017

Security	Shares		Value
ExlService Holdings Inc.a		263,689	$	14,655,835
Forrester Research Inc.		120,140		4,703,481
				47,833,573
LEISURE PRODUCTS — 0.46%
Callaway Golf Co.		638,871		8,164,771
Nautilus Inc.a,b		252,839		4,841,867
Vista Outdoor Inc.a,b		305,980		6,887,610
				19,894,248
LIFE SCIENCES TOOLS & SERVICES — 0.60%
Cambrex Corp.a,b		268,257		16,028,355
Luminex Corp.		483,648		10,214,646
				26,243,001
MACHINERY — 5.18%
Actuant Corp. Class Ab		348,253		8,567,024
Alamo Group Inc.		69,162		6,280,601
Albany International Corp. Class A		213,104		11,379,754
Astec Industries Inc.		229,082		12,716,342
Barnes Group Inc.		333,352		19,511,092
Chart Industries Inc.a,b		184,984		6,424,494
CIRCOR International Inc.b		101,489		6,026,417
EnPro Industries Inc.		130,775		9,333,412
ESCO Technologies Inc.		308,358		18,393,555
Franklin Electric Co. Inc.		244,815		10,135,341
Harsco Corp.a		458,326		7,379,049
Hillenbrand Inc.		387,176		13,977,054
John Bean Technologies Corp.b		377,715		37,016,070
Lindsay Corp.		66,402		5,926,378
Lydall Inc.a		206,129		10,656,869
Proto Labs Inc.a,b		290,533		19,538,344
Tennant Co.		136,646		10,084,475
Watts Water Technologies Inc. Class A		188,571		11,917,687
				225,263,958
MEDIA — 0.22%
World Wrestling Entertainment Inc. Class A		466,385		9,500,262
				9,500,262
METALS & MINING — 0.32%
AK Steel Holding Corp.a		2,112,246		13,877,456
				13,877,456

Security	Shares		Value
MORTGAGE REAL ESTATE INVESTMENT — 0.13%
Apollo Commercial Real Estate Finance Inc.b		300,213	$	5,568,951
				5,568,951
MULTILINE RETAIL — 0.57%
Ollie’s Bargain Outlet Holdings Inc.a,b		578,959		24,663,653
				24,663,653
OIL, GAS & CONSUMABLE FUELS — 0.95%
Bill Barrett Corp.a,b		450,539		1,383,155
Carrizo Oil & Gas Inc.a,b		486,061		8,467,183
Contango Oil & Gas Co.a,b		124,851		829,011
Denbury Resources Inc.a		1,909,382		2,921,354
Northern Oil and Gas Inc.a,b		278,517		389,924
PDC Energy Inc.a,b		383,268		16,522,683
REX American Resources Corp.a,b		36,695		3,543,269
SRC Energy Inc.a,b		1,111,775		7,482,246
				41,538,825
PAPER & FOREST PRODUCTS — 0.37%
Deltic Timber Corp.b		76,644		5,722,241
Neenah Paper Inc.		131,953		10,589,228
				16,311,469
PERSONAL PRODUCTS — 0.16%
Inter Parfums Inc.		102,251		3,747,499
Medifast Inc.		79,825		3,310,343
				7,057,842
PHARMACEUTICALS — 2.47%
Amphastar Pharmaceuticals Inc.a,b		292,643		5,226,604
ANI Pharmaceuticals Inc.a,b		97,127		4,545,544
Depomed Inc.a,b		421,970		4,531,958
Heska Corp.a		76,970		7,856,328
Innoviva Inc.a,b		937,516		12,000,205
Medicines Co. (The)a,b		330,744		12,571,579
Nektar Therapeuticsa,b		1,073,945		20,995,625
Phibro Animal Health Corp. Series A		97,830		3,624,601
SciClone Pharmaceuticals Inc.a		630,554		6,936,094
Sucampo Pharmaceuticals Inc. Class Aa,b		305,628		3,209,094
Supernus Pharmaceuticals Inc.a,b		600,273		25,871,766
				107,369,398

549

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 GROWTH ETF

June 30, 2017

Security	Shares		Value
PROFESSIONAL SERVICES — 2.00%
Exponent Inc.		206,116	$	12,016,563
Insperity Inc.		225,469		16,008,299
Navigant Consulting Inc.a		566,459		11,193,230
On Assignment Inc.a,b		292,367		15,831,673
WageWorks Inc.a		473,433		31,814,697
				86,864,462
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.23%
HFF Inc. Class A		287,973		10,012,821
				10,012,821
ROAD & RAIL — 1.13%
Heartland Express Inc.b		326,400		6,795,648
Knight Transportation Inc.b		799,707		29,629,144
Marten Transport Ltd.b		138,492		3,794,681
Saia Inc.a,b		175,259		8,990,787
				49,210,260
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 5.64%
Advanced Energy Industries Inc.a		476,178		30,803,955
Brooks Automation Inc.		422,671		9,167,734
Cabot Microelectronics Corp.		301,099		22,230,139
CEVA Inc.a,b		257,368		11,697,376
Kopin Corp.a,b		349,739		1,297,532
Kulicke & Soffa Industries Inc.a		439,045		8,350,636
MaxLinear Inc.a,b		629,245		17,549,643
MKS Instruments Inc.		646,716		43,523,987
Nanometrics Inc.a		303,429		7,673,719
Power Integrations Inc.		354,275		25,826,647
Rambus Inc.a,b		1,332,401		15,229,343
Rudolph Technologies Inc.a		377,313		8,621,602
Semtech Corp.a,b		495,357		17,709,013
Veeco Instruments Inc.a,b		286,775		7,986,684
Xperi Corp.		594,214		17,707,577
				245,375,587
SOFTWARE — 3.13%
8x8 Inc.a		1,096,344		15,951,805
Bottomline Technologies de Inc.a		222,269		5,710,091
Ebix Inc.b		260,497		14,040,788
Gigamon Inc.a,b		372,250		14,648,037
MicroStrategy Inc. Class Aa		61,365		11,761,830
Monotype Imaging Holdings Inc.		212,480		3,888,384

Security	Shares		Value
Progress Software Corp.		580,242	$	17,923,675
Qualys Inc.a		359,152		14,653,402
Synchronoss Technologies Inc.a,b		518,768		8,533,734
TiVo Corp.		1,452,137		27,082,355
VASCO Data Security International Inc.a,b		149,249		2,141,723
				136,335,824
SPECIALTY RETAIL — 2.23%
Children’s Place Inc. (The)		211,220		21,565,562
DSW Inc. Class A		213,301		3,775,428
Five Below Inc.a,b		657,726		32,471,933
Francesca’s Holdings Corp.a,b		451,747		4,942,112
Hibbett Sports Inc.a,b		145,857		3,026,533
Monro Muffler Brake Inc.		174,965		7,304,789
Select Comfort Corp.a		280,210		9,944,653
Tailored Brands Inc.		282,209		3,149,452
Tile Shop Holdings Inc.b		396,873		8,195,427
Zumiez Inc.a,b		215,769		2,664,747
				97,040,636
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.44%
Electronics For Imaging Inc.a,b		279,980		13,265,452
Super Micro Computer Inc.a,b		237,181		5,846,512
				19,111,964
TEXTILES, APPAREL & LUXURY GOODS — 0.53%
Iconix Brand Group Inc.a,b		282,618		1,952,891
Oxford Industries Inc.		86,570		5,409,759
Steven Madden Ltd.a		393,042		15,702,028
				23,064,678
THRIFTS & MORTGAGE FINANCE — 2.20%
Bank Mutual Corp.		300,882		2,753,070
BofI Holding Inc.a,b		690,572		16,380,368
Dime Community Bancshares Inc.		220,060		4,313,176
LendingTree Inc.a,b		87,672		15,097,118
Northfield Bancorp. Inc.		550,616		9,443,064
Northwest Bancshares Inc.		751,267		11,727,278
Oritani Financial Corp.		243,210		4,146,731
Provident Financial Services Inc.		396,917		10,073,754
TrustCo Bank Corp. NY		672,271		5,210,100
Walker & Dunlop Inc.a,b		338,344		16,521,338
				95,665,997

550

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 GROWTH ETF

June 30, 2017

Security	Shares		Value
TRADING COMPANIES & DISTRIBUTORS — 0.42%
Applied Industrial Technologies Inc.		312,799	$	18,470,781
				18,470,781
WATER UTILITIES — 0.72%
American States Water Co.		212,629		10,080,741
California Water Service Group		573,594		21,108,259
				31,189,000
TOTAL COMMON STOCKS
(Cost: $3,785,161,637)				4,345,835,224
SHORT-TERM INVESTMENTS — 11.20%
MONEY MARKET FUNDS — 11.20%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		482,700,713		482,845,523
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		4,660,261		4,660,261
				487,505,784
TOTAL SHORT-TERM INVESTMENTS
(Cost: $487,418,774)				487,505,784

	Value
TOTAL INVESTMENTS IN SECURITIES — 111.04%
(Cost: $4,272,580,411)f	$	4,833,341,008
Other Assets, Less Liabilities — (11.04)%		(480,501,979	)
NET ASSETS — 100.00%	$	4,352,839,029

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $4,316,299,278. Net unrealized appreciation was $517,041,730, of which $715,410,344 represented gross unrealized appreciation on securities and $198,368,614 represented gross unrealized depreciation on securities.

Schedule 1 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
Russell 2000 Mini		99		Sep. 2017		ICE Markets Equity	$	6,996,073	$	7,000,785	$	4,712

551

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 GROWTH ETF

June 30, 2017

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	4,345,835,224	$	—	$	—	$	4,345,835,224
Money market funds		487,505,784		—		—		487,505,784
Total	$	4,833,341,008	$	—	$	—	$	4,833,341,008
Derivative financial instruments:a
Assets:
Futures contracts	$	4,712	$	—	$	—	$	4,712
Total	$	4,712	$	—	$	—	$	4,712

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

552

Schedule of Investments (Unaudited)

iSHARES^® S&P SMALL-CAP 600 VALUE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.81%
AEROSPACE & DEFENSE — 2.31%
AAR Corp.		415,067	$	14,427,729
Aerojet Rocketdyne Holdings Inc.a,b		355,106		7,386,205
Aerovironment Inc.a,b		140,208		5,355,946
Cubic Corp.		324,455		15,022,266
Engility Holdings Inc.a		232,005		6,588,942
Moog Inc. Class Aa		420,441		30,154,029
National Presto Industries Inc.		65,224		7,207,252
Triumph Group Inc.b		648,564		20,494,622
				106,636,991
AIR FREIGHT & LOGISTICS — 1.04%
Atlas Air Worldwide Holdings Inc.a,b		330,481		17,234,584
Echo Global Logistics Inc.a,b		354,899		7,062,490
Forward Air Corp.		127,534		6,795,012
Hub Group Inc. Class Aa,b		434,972		16,681,176
				47,773,262
AIRLINES — 0.51%
SkyWest Inc.		669,343		23,493,939
				23,493,939
AUTO COMPONENTS — 1.85%
American Axle & Manufacturing Holdings Inc.a,b		1,089,300		16,993,080
Cooper-Standard Holding Inc.a,b		233,290		23,531,962
Gentherm Inc.a,b		475,561		18,451,767
Motorcar Parts of America Inc.a,b		243,485		6,876,016
Standard Motor Products Inc.		258,364		13,491,768
Superior Industries International Inc.		294,405		6,050,023
				85,394,616
BANKS — 5.89%
Banc of California Inc.b		655,374		14,090,541
Banner Corp.		341,293		19,286,467
Boston Private Financial Holdings Inc.		471,071		7,230,940
Brookline Bancorp. Inc.		372,011		5,431,361
City Holding Co.		96,573		6,361,263
Columbia Banking System Inc.		356,116		14,191,223
Community Bank System Inc.		270,258		15,072,289

Security	Shares		Value
CVB Financial Corp.		555,039	$	12,449,525
Fidelity Southern Corp.		283,483		6,480,421
First Commonwealth Financial Corp.		412,852		5,234,963
First Financial Bancorp.		292,003		8,088,483
First Midwest Bancorp. Inc./IL		450,041		10,490,456
Glacier Bancorp. Inc.		309,185		11,319,263
Great Western Bancorp. Inc.		322,510		13,161,633
Hope Bancorp Inc.		1,653,670		30,840,945
Independent Bank Corp./Rockland MA		126,880		8,456,552
NBT Bancorp. Inc.		222,885		8,235,601
OFG Bancorp.		574,539		5,745,390
Old National Bancorp./IN		1,768,285		30,502,916
Opus Bank		238,501		5,771,724
S&T Bancorp. Inc.		454,000		16,280,440
Simmons First National Corp. Class A		175,443		9,280,935
Westamerica Bancorp.		137,566		7,709,199
				271,712,530
BEVERAGES — 0.16%
Coca-Cola Bottling Co. Consolidated		32,519		7,442,624
				7,442,624
BIOTECHNOLOGY — 1.09%
Acorda Therapeutics Inc.a,b		607,156		11,960,973
Emergent BioSolutions Inc.a,b		246,660		8,364,241
Myriad Genetics Inc.a,b		884,365		22,851,991
Spectrum Pharmaceuticals Inc.a,b		919,577		6,850,849
				50,028,054
BUILDING PRODUCTS — 0.62%
American Woodmark Corp.a		85,068		8,128,247
Apogee Enterprises Inc.		154,046		8,755,975
Universal Forest Products Inc.		134,188		11,715,954
				28,600,176
CAPITAL MARKETS — 2.20%
Donnelley Financial Solutions Inc.a		426,558		9,793,772
Financial Engines Inc.		266,382		9,749,581
Greenhill & Co. Inc.		202,859		4,077,466
Interactive Brokers Group Inc. Class A		886,920		33,188,546

553

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 VALUE ETF

June 30, 2017

Security	Shares		Value
INTL. FCStone Inc.a,b		198,889	$	7,510,049
Investment Technology Group Inc.		341,697		7,257,644
Virtus Investment Partners Inc.		86,733		9,623,026
Waddell & Reed Financial Inc. Class A		782,158		14,767,143
WisdomTree Investments Inc.		542,552		5,517,754
				101,484,981
CHEMICALS — 2.65%
A Schulman Inc.		222,873		7,131,936
AdvanSix Inc.a		397,706		12,424,336
American Vanguard Corp.		340,376		5,871,486
Calgon Carbon Corp.		662,589		10,005,094
Flotek Industries Inc.a,b		419,749		3,752,556
FutureFuel Corp.		292,978		4,421,038
Hawkins Inc.		51,196		2,372,935
HB Fuller Co.		657,508		33,605,234
Innophos Holdings Inc.		73,975		3,243,064
Innospec Inc.		160,362		10,511,729
Koppers Holdings Inc.a		104,765		3,787,255
LSB Industries Inc.a,b		266,528		2,753,234
Rayonier Advanced Materials Inc.		571,938		8,990,865
Stepan Co.		94,379		8,224,186
Tredegar Corp.		331,253		5,051,608
				122,146,556
COMMERCIAL SERVICES & SUPPLIES — 3.55%
ABM Industries Inc.		377,072		15,656,029
Brady Corp. Class A		174,428		5,913,109
Brink’s Co. (The)		588,211		39,410,137
Essendant Inc.		490,259		7,270,541
Healthcare Services Group Inc.		322,539		15,104,501
Interface Inc.		815,813		16,030,725
LSC Communications Inc.		443,358		9,487,861
Matthews International Corp. Class A		126,843		7,769,134
Mobile Mini Inc.		316,183		9,438,063
Multi-Color Corp.		58,796		4,797,754
RR Donnelley & Sons Co.		922,312		11,565,793
Team Inc.a,b		388,140		9,101,883
UniFirst Corp./MAb		85,024		11,962,877
				163,508,407

Security	Shares		Value
COMMUNICATIONS EQUIPMENT — 1.63%
ADTRAN Inc.		235,509	$	4,863,261
Applied Optoelectronics Inc.a,b		147,723		9,127,804
Black Box Corp.		207,484		1,773,988
CalAmp Corp.a,b		260,265		5,291,188
Comtech Telecommunications Corp.		316,219		5,998,674
Digi International Inc.a,b		349,176		3,544,136
Harmonic Inc.a,b		1,040,627		5,463,292
NETGEAR Inc.a,b		182,329		7,858,380
Viavi Solutions Inc.a		2,950,955		31,073,556
				74,994,279
CONSTRUCTION & ENGINEERING — 0.60%
Aegion Corp.a,b		442,087		9,672,864
Comfort Systems USA Inc.		486,805		18,060,465
				27,733,329
CONSTRUCTION MATERIALS — 0.11%
U.S. Concrete Inc.a,b		63,054		4,952,892
				4,952,892
CONSUMER FINANCE — 2.12%
Encore Capital Group Inc.a,b		296,097		11,888,295
Enova International Inc.a,b		312,526		4,641,011
Ezcorp Inc. Class Aa,b		637,873		4,911,622
FirstCash Inc.		629,834		36,719,322
Green Dot Corp. Class Aa,b		280,281		10,799,227
PRA Group Inc.a,b		606,318		22,979,452
World Acceptance Corp.a,b		78,943		5,913,620
				97,852,549
CONTAINERS & PACKAGING — 0.11%
Myers Industries Inc.		285,772		5,129,607
				5,129,607
DISTRIBUTORS — 0.43%
Core-Mark Holding Co. Inc.		605,940		20,032,376
				20,032,376
DIVERSIFIED CONSUMER SERVICES — 0.42%
American Public Education Inc.a,b		219,200		5,184,080
Career Education Corp.a		326,549		3,134,870
Regis Corp.a,b		454,495		4,667,664
Strayer Education Inc.b		66,459		6,195,308
				19,181,922

554

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 VALUE ETF

June 30, 2017

Security	Shares		Value
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.92%
ATN International Inc.		69,838	$	4,779,713
Cincinnati Bell Inc.a,b		239,392		4,680,114
Consolidated Communications Holdings Inc.		238,347		5,117,310
General Communication Inc. Class Aa,b		349,012		12,787,800
Iridium Communications Inc.a,b		1,068,706		11,809,201
Lumos Networks Corp.a		181,791		3,248,605
				42,422,743
ELECTRIC UTILITIES — 1.62%
ALLETE Inc.		662,421		47,482,337
El Paso Electric Co.		528,887		27,343,458
				74,825,795
ELECTRICAL EQUIPMENT — 0.70%
AZZ Inc.		118,845		6,631,551
Encore Wire Corp.		268,230		11,453,421
General Cable Corp.		648,537		10,603,580
Powell Industries Inc.		114,796		3,672,324
				32,360,876
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.60%
Anixter International Inc.a		371,637		29,062,014
Bel Fuse Inc. Class B		54,103		1,336,344
Benchmark Electronics Inc.a,b		647,627		20,918,352
Daktronics Inc.		531,667		5,119,953
Electro Scientific Industries Inc.a		432,647		3,565,011
ePlus Inc.a,b		83,483		6,186,090
FARO Technologies Inc.a,b		101,617		3,841,123
Insight Enterprises Inc.a		461,508		18,455,705
Methode Electronics Inc.		216,577		8,922,972
MTS Systems Corp.		219,299		11,359,688
OSI Systems Inc.a,b		231,839		17,422,701
Park Electrochemical Corp.		253,209		4,664,110
Plexus Corp.a		438,034		23,027,447
Rogers Corp.a		70,925		7,703,874
Sanmina Corp.a		981,213		37,384,215
ScanSource Inc.a,b		330,386		13,314,556
				212,284,155
ENERGY EQUIPMENT & SERVICES — 2.19%
Archrock Inc.		526,031		5,996,753
Atwood Oceanics Inc.a,b		977,358		7,965,468
Bristow Group Inc.		424,400		3,246,660

Security	Shares		Value
CARBO Ceramics Inc.a,b		274,768	$	1,882,161
Era Group Inc.a,b		259,626		2,456,062
Exterran Corp.a,b		407,535		10,881,184
Geospace Technologies Corp.a,b		97,843		1,353,169
Gulf Island Fabrication Inc.		181,332		2,103,451
Helix Energy Solutions Group Inc.a,b		1,027,257		5,793,729
Matrix Service Co.a		344,422		3,220,346
McDermott International Inc.a		2,065,905		14,812,539
Newpark Resources Inc.a,b		1,160,563		8,530,138
Noble Corp. PLCb		3,196,916		11,572,836
Pioneer Energy Services Corp.a		590,073		1,209,650
SEACOR Holdings Inc.a,b		213,387		7,319,174
Tesco Corp.a		374,065		1,664,589
TETRA Technologies Inc.a,b		1,062,965		2,965,672
Unit Corp.a,b		420,927		7,883,963
				100,857,544
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.08%
Acadia Realty Trustb		633,105		17,600,319
Armada Hoffler Properties Inc.b		339,292		4,393,831
CBL & Associates Properties Inc.b		1,730,233		14,585,864
Cedar Realty Trust Inc.b		994,620		4,823,907
Chatham Lodging Trustb		39,928		802,154
Chesapeake Lodging Trustb		786,315		19,241,128
DiamondRock Hospitality Co.b		1,261,650		13,815,067
Franklin Street Properties Corp.b		685,970		7,600,548
Government Properties Income Trustb		788,918		14,445,089
Hersha Hospitality Trustb		241,454		4,469,314
Independence Realty Trust Inc.b		303,566		2,996,196
Kite Realty Group Trustb		1,096,337		20,753,659
LTC Properties Inc.b		177,906		9,142,589
Parkway Inc.		280,003		6,409,269
Pennsylvania REITb		532,915		6,032,598
PS Business Parks Inc.		90,399		11,967,924
Ramco-Gershenson Properties Trust		233,025		3,006,022
Retail Opportunity Investments Corp.		471,882		9,055,416

555

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 VALUE ETF

June 30, 2017

Security	Shares		Value
Sabra Health Care REIT Inc.		418,527	$	10,086,501
Saul Centers Inc.b		49,848		2,890,187
Universal Health Realty Income Trustb		52,602		4,183,963
				188,301,545
FOOD & STAPLES RETAILING — 0.51%
Andersons Inc. (The)		347,299		11,860,261
SUPERVALU Inc.a,b		3,535,088		11,630,439
				23,490,700
FOOD PRODUCTS — 2.12%
Cal-Maine Foods Inc.a,b		390,333		15,457,187
Darling Ingredients Inc.a,b		2,148,278		33,813,896
J&J Snack Foods Corp.		88,345		11,667,724
John B Sanfilippo & Son Inc.		64,640		4,079,430
Sanderson Farms Inc.b		261,070		30,192,746
Seneca Foods Corp. Class Aa,b		84,929		2,637,045
				97,848,028
GAS UTILITIES — 1.44%
Northwest Natural Gas Co.		374,567		22,417,835
Spire Inc.		628,733		43,854,127
				66,271,962
HEALTH CARE EQUIPMENT & SUPPLIES — 2.57%
Abaxis Inc.		123,854		6,566,739
Analogic Corp.		90,608		6,582,671
AngioDynamics Inc.a,b		446,182		7,232,610
Anika Therapeutics Inc.a,b		62,249		3,071,366
CONMED Corp.		325,258		16,568,642
Haemonetics Corp.a,b		336,834		13,301,575
Inogen Inc.a,b		81,776		7,803,066
Integer Holdings Corp.a		364,687		15,772,713
Integra LifeSciences Holdings Corp.a,b		284,224		15,493,050
Invacare Corp.		422,642		5,578,874
Meridian Bioscience Inc.b		302,904		4,770,738
Natus Medical Inc.a,b		243,339		9,076,545
Orthofix International NVa,b		145,777		6,775,715
				118,594,304
HEALTH CARE PROVIDERS & SERVICES — 4.19%
Aceto Corp.		394,047		6,088,026
Almost Family Inc.a,b		155,977		9,615,982
Amedisys Inc.a,b		364,046		22,865,729
Chemed Corp.		98,749		20,197,133

Security	Shares		Value
Community Health Systems Inc.a,b		1,503,651	$	14,976,364
CorVel Corp.a,b		76,039		3,608,051
Diplomat Pharmacy Inc.a,b		567,485		8,398,778
Ensign Group Inc. (The)		300,486		6,541,580
HealthEquity Inc.a,b		254,344		12,673,962
Kindred Healthcare Inc.		1,124,322		13,098,351
LHC Group Inc.a,b		194,887		13,230,878
Magellan Health Inc.a		160,204		11,678,872
PharMerica Corp.a,b		406,997		10,683,671
Providence Service Corp. (The)a,b		151,336		7,659,115
Quorum Health Corp.a		405,462		1,682,667
Select Medical Holdings Corp.a		1,406,082		21,583,359
Tivity Health Inc.a,b		219,190		8,734,722
				193,317,240
HEALTH CARE TECHNOLOGY — 0.32%
Computer Programs & Systems Inc.b		140,627		4,612,566
Quality Systems Inc.a		597,020		10,274,714
				14,887,280
HOTELS, RESTAURANTS & LEISURE — 2.95%
Biglari Holdings Inc.a,b		5,788		2,313,695
BJ’s Restaurants Inc.a,b		237,365		8,841,846
Bob Evans Farms Inc./DE		125,302		9,000,443
Boyd Gaming Corp.		1,079,714		26,787,704
DineEquity Inc.		112,362		4,949,546
El Pollo Loco Holdings Inc.a,b		119,221		1,651,211
Fiesta Restaurant Group Inc.a,b		352,208		7,273,095
ILG Inc.		610,020		16,769,450
Marriott Vacations Worldwide Corp.b		93,406		10,998,557
Monarch Casino & Resort Inc.a,b		149,073		4,509,458
Penn National Gaming Inc.a,b		816,561		17,474,405
Red Robin Gourmet Burgers Inc.a,b		169,963		11,090,086
Ruby Tuesday Inc.a,b		828,695		1,665,677
Ruth’s Hospitality Group Inc.		201,754		4,388,150
Shake Shack Inc. Class Aa,b		70,723		2,466,818
Sonic Corp.		216,230		5,727,933
				135,908,074
HOUSEHOLD DURABLES — 2.03%
Cavco Industries Inc.a		110,945		14,384,019

556

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 VALUE ETF

June 30, 2017

Security	Shares		Value
Ethan Allen Interiors Inc.		149,263	$	4,821,195
La-Z-Boy Inc.		631,138		20,511,985
M/I Homes Inc.a,b		327,043		9,337,078
MDC Holdings Inc.		539,336		19,054,741
Meritage Homes Corp.a,b		495,629		20,915,544
William Lyon Homes Class Aa,b		180,951		4,368,157
				93,392,719
HOUSEHOLD PRODUCTS — 0.17%
WD-40 Co.		69,034		7,617,902
				7,617,902
INDUSTRIAL CONGLOMERATES — 0.14%
Raven Industries Inc.		194,294		6,469,990
				6,469,990
INSURANCE — 5.56%
American Equity Investment Life Holding Co.		1,037,668		27,269,915
AMERISAFE Inc.		105,192		5,990,684
eHealth Inc.a,b		220,497		4,145,344
Employers Holdings Inc.		422,777		17,883,467
HCI Group Inc.		109,689		5,153,189
Horace Mann Educators Corp.		530,113		20,038,271
Infinity Property & Casualty Corp.		144,950		13,625,300
Maiden Holdings Ltd.		974,395		10,815,785
Navigators Group Inc. (The)		292,547		16,060,830
ProAssurance Corp.		695,830		42,306,464
RLI Corp.		250,209		13,666,416
Safety Insurance Group Inc.		175,465		11,984,260
Selective Insurance Group Inc.		759,366		38,006,268
Stewart Information Services Corp.		308,929		14,019,198
United Fire Group Inc.		262,534		11,567,248
United Insurance Holdings Corp.		238,114		3,745,533
				256,278,172
INTERNET & DIRECT MARKETING RETAIL — 0.18%
FTD Companies Inc.a,b		225,981		4,519,620
PetMed Express Inc.		92,489		3,755,053
				8,274,673
INTERNET SOFTWARE & SERVICES — 0.51%
Blucora Inc.a		516,539		10,950,627
DHI Group Inc.a		438,656		1,250,170
Liquidity Services Inc.a,b		325,697		2,068,176

Security	Shares		Value
LivePerson Inc.a,b		384,037	$	4,224,407
QuinStreet Inc.a,b		507,370		2,115,733
XO Group Inc.a,b		155,012		2,731,311
				23,340,424
IT SERVICES — 2.44%
CACI International Inc. Class Aa,b		318,758		39,860,688
CSG Systems International Inc.		163,296		6,626,552
ExlService Holdings Inc.a,b		151,468		8,418,591
ManTech International Corp./VA Class A		330,736		13,685,856
Perficient Inc.a,b		457,980		8,536,747
Sykes Enterprises Inc.a,b		505,137		16,937,244
TeleTech Holdings Inc.		198,740		8,108,592
Virtusa Corp.a,b		359,578		10,571,593
				112,745,863
LEISURE PRODUCTS — 0.72%
Callaway Golf Co.		544,475		6,958,390
Nautilus Inc.a,b		133,480		2,556,142
Sturm Ruger & Co. Inc.b		230,787		14,343,412
Vista Outdoor Inc.a,b		418,005		9,409,293
				33,267,237
LIFE SCIENCES TOOLS & SERVICES — 0.31%
Albany Molecular Research Inc.a,b		293,718		6,373,680
Cambrex Corp.a,b		132,245		7,901,639
				14,275,319
MACHINERY — 5.59%
Actuant Corp. Class Ab		405,734		9,981,056
Alamo Group Inc.		48,330		4,388,847
Albany International Corp. Class A		148,986		7,955,852
Barnes Group Inc.		283,822		16,612,102
Briggs & Stratton Corp.		557,585		13,437,798
Chart Industries Inc.a,b		199,548		6,930,302
CIRCOR International Inc.b		105,530		6,266,371
EnPro Industries Inc.		135,849		9,695,543
Federal Signal Corp.		778,144		13,508,580
Franklin Electric Co. Inc.		232,702		9,633,863
Greenbrier Companies Inc. (The)b		371,139		17,165,179
Harsco Corp.a		544,297		8,763,182
Hillenbrand Inc.		403,157		14,553,968

557

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 VALUE ETF

June 30, 2017

Security	Shares		Value
Lindsay Corp.		69,607	$	6,212,425
Mueller Industries Inc.		742,406		22,606,263
SPX Corp.a		547,494		13,774,949
SPX FLOW Inc.a,b		553,975		20,430,598
Standex International Corp.		164,437		14,914,436
Tennant Co.		81,706		6,029,903
Titan International Inc.b		635,445		7,631,694
Wabash National Corp.b		784,457		17,242,365
Watts Water Technologies Inc. Class A		160,094		10,117,941
				257,853,217
MARINE — 0.37%
Matson Inc.		564,139		16,946,736
				16,946,736
MEDIA — 1.51%
EW Scripps Co. (The) Class Aa,b		738,049		13,144,653
Gannett Co. Inc.		1,486,019		12,958,086
New Media Investment Group Inc.		704,534		9,497,118
Scholastic Corp.		355,321		15,488,442
Time Inc.		1,301,438		18,675,635
				69,763,934
METALS & MINING — 1.65%
AK Steel Holding Corp.a,b		1,812,088		11,905,418
Century Aluminum Co.a,b		641,705		9,997,764
Gerber Scientific Inc. Escrowa,c		177,368		1,774
Haynes International Inc.		159,034		5,774,525
Kaiser Aluminum Corp.		224,347		19,859,196
Materion Corp.		257,070		9,614,418
Olympic Steel Inc.		113,561		2,212,168
SunCoke Energy Inc.a		839,667		9,152,370
TimkenSteel Corp.a		504,234		7,750,077
				76,267,710
MORTGAGE REAL ESTATE INVESTMENT — 0.65%
Apollo Commercial Real Estate Finance Inc.b		910,451		16,888,866
Capstead Mortgage Corp.b		1,263,254		13,175,739
				30,064,605
MULTI-UTILITIES — 0.77%
Avista Corp.		840,118		35,671,410
				35,671,410
MULTILINE RETAIL — 0.50%
Fred’s Inc. Class Ab		457,760		4,225,125
JC Penney Co. Inc.a,b		4,051,027		18,837,275
				23,062,400

Security	Shares		Value
OIL, GAS & CONSUMABLE FUELS — 1.21%
Bill Barrett Corp.a,b		520,148	$	1,596,854
Carrizo Oil & Gas Inc.a,b		466,179		8,120,838
Cloud Peak Energy Inc.a,b		994,745		3,511,450
Contango Oil & Gas Co.a,b		190,627		1,265,763
Denbury Resources Inc.a		3,089,767		4,727,344
Green Plains Inc.		486,035		9,988,019
Northern Oil and Gas Inc.a,b		357,035		499,849
PDC Energy Inc.a,b		312,133		13,456,054
REX American Resources Corp.a,b		34,566		3,337,693
SRC Energy Inc.a,b		1,413,711		9,514,275
				56,018,139
PAPER & FOREST PRODUCTS — 1.86%
Boise Cascade Co.a,b		504,800		15,345,920
Clearwater Paper Corp.a,b		215,398		10,069,857
Deltic Timber Corp.b		58,267		4,350,214
KapStone Paper and Packaging Corp.		1,151,073		23,746,636
Neenah Paper Inc.		77,748		6,239,277
PH Glatfelter Co.		569,869		11,135,240
Schweitzer-Mauduit International Inc.		403,613		15,026,512
				85,913,656
PERSONAL PRODUCTS — 0.15%
Inter Parfums Inc.		116,872		4,283,359
Medifast Inc.		65,716		2,725,242
				7,008,601
PHARMACEUTICALS — 1.60%
Amphastar Pharmaceuticals Inc.a,b		148,768		2,656,997
Depomed Inc.a,b		373,234		4,008,533
Impax Laboratories Inc.a,b		956,328		15,396,881
Lannett Co. Inc.a,b		384,370		7,841,148
Medicines Co. (The)a,b		584,511		22,217,263
Nektar Therapeuticsa,b		846,926		16,557,403
Phibro Animal Health Corp. Series A		140,834		5,217,900
				73,896,125
PROFESSIONAL SERVICES — 1.83%
CDI Corp.a		184,429		1,078,910
Exponent Inc.		112,770		6,574,491
Heidrick & Struggles International Inc.		243,781		5,302,237

558

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 VALUE ETF

June 30, 2017

Security	Shares		Value
Kelly Services Inc. Class A		376,299	$	8,447,912
Korn/Ferry International		744,648		25,712,695
On Assignment Inc.a,b		316,752		17,152,121
Resources Connection Inc.		391,298		5,360,783
TrueBlue Inc.a		552,405		14,638,732
				84,267,881
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.54%
Forestar Group Inc.a,b		380,063		6,518,080
HFF Inc. Class A		156,756		5,450,406
RE/MAX Holdings Inc. Class A		230,955		12,945,028
				24,913,514
ROAD & RAIL — 0.54%
ArcBest Corp.		309,228		6,370,097
Heartland Express Inc.b		203,808		4,243,283
Marten Transport Ltd.b		146,918		4,025,553
Roadrunner Transportation Systems Inc.a		407,946		2,965,767
Saia Inc.a,b		138,400		7,099,920
				24,704,620
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.30%
Brooks Automation Inc.		440,277		9,549,608
Cohu Inc.		327,667		5,157,479
Diodes Inc.a		494,429		11,881,129
DSP Group Inc.a,b		287,923		3,339,907
Kopin Corp.a,b		449,780		1,668,684
Kulicke & Soffa Industries Inc.a		438,488		8,340,042
Semtech Corp.a,b		317,730		11,358,847
Veeco Instruments Inc.a		309,419		8,617,319
				59,913,015
SOFTWARE — 0.60%
Agilysys Inc.a		214,046		2,166,146
Bottomline Technologies de Inc.a,b		231,423		5,945,257
MicroStrategy Inc. Class Aa		56,364		10,803,288
Monotype Imaging Holdings Inc.		318,287		5,824,652
VASCO Data Security International Inc.a,b		215,223		3,088,450
				27,827,793
SPECIALTY RETAIL — 5.62%
Abercrombie & Fitch Co. Class A		893,814		11,119,046
Asbury Automotive Group Inc.a,b		246,220		13,923,741
Ascena Retail Group Inc.a,b		2,226,940		4,787,921

Security	Shares		Value
Barnes & Noble Education Inc.a,b		502,704	$	5,343,744
Barnes & Noble Inc.		722,682		5,492,383
Big 5 Sporting Goods Corp.		240,259		3,135,380
Buckle Inc. (The)		376,186		6,696,111
Caleres Inc.		555,962		15,444,624
Cato Corp. (The) Class A		313,595		5,516,136
DSW Inc. Class A		650,995		11,522,611
Express Inc.a,b		1,018,533		6,875,098
Finish Line Inc. (The) Class A		531,211		7,527,260
Genesco Inc.a,b		255,998		8,678,332
Group 1 Automotive Inc.		261,670		16,568,944
Guess? Inc.		805,696		10,296,795
Haverty Furniture Companies Inc.		253,806		6,370,531
Hibbett Sports Inc.a,b		119,399		2,477,529
Kirkland’s Inc.a,b		195,679		2,011,580
Lithia Motors Inc. Class A		309,780		29,190,569
Lumber Liquidators Holdings Inc.a,b		373,097		9,349,811
MarineMax Inc.a,b		317,563		6,208,357
Monro Muffler Brake Inc.		238,538		9,958,962
Rent-A-Center Inc./TX		695,976		8,156,839
RHa,b		405,301		26,150,021
Select Comfort Corp.a,b		236,483		8,392,782
Shoe Carnival Inc.		154,973		3,235,836
Sonic Automotive Inc. Class A		343,884		6,688,544
Stein Mart Inc.		434,058		733,558
Tailored Brands Inc.		353,978		3,950,394
Vitamin Shoppe Inc.a,b		307,702		3,584,728
				259,388,167
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.65%
Cray Inc.a,b		523,766		9,637,295
Electronics For Imaging Inc.a,b		303,735		14,390,964
Super Micro Computer Inc.a,b		247,348		6,097,128
				30,125,387
TEXTILES, APPAREL & LUXURY GOODS — 2.17%
Crocs Inc.a		964,099		7,433,203
Fossil Group Inc.a,b		548,731		5,679,366
G-III Apparel Group Ltd.a,b		568,203		14,176,665
Iconix Brand Group Inc.a,b		458,610		3,168,995
Movado Group Inc.		204,739		5,169,660
Oxford Industries Inc.		105,954		6,621,065
Perry Ellis International Inc.a,b		160,269		3,118,835

559

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 VALUE ETF

June 30, 2017

Security	Shares		Value
Steven Madden Ltd.a		272,230	$	10,875,588
Unifi Inc.a,b		203,097		6,255,388
Vera Bradley Inc.a,b		235,236		2,300,608
Wolverine World Wide Inc.		1,261,580		35,336,856
				100,136,229
THRIFTS & MORTGAGE FINANCE — 1.43%
Astoria Financial Corp.		1,196,419		24,107,843
Bank Mutual Corp.		251,566		2,301,829
Dime Community Bancshares Inc.		180,111		3,530,176
HomeStreet Inc.a,b		354,389		9,807,715
Northwest Bancshares Inc.		519,544		8,110,082
Oritani Financial Corp.		254,289		4,335,627
Provident Financial Services Inc.		370,187		9,395,346
TrustCo Bank Corp. NY		559,465		4,335,854
				65,924,472
TOBACCO — 0.46%
Universal Corp./VA		329,232		21,301,311
				21,301,311
TRADING COMPANIES & DISTRIBUTORS — 0.89%
Applied Industrial Technologies Inc.		167,369		9,883,139
DXP Enterprises Inc./TXa,b		199,652		6,887,994
Kaman Corp.		354,418		17,674,826
Veritiv Corp.a,b		150,725		6,782,625
				41,228,584
WATER UTILITIES — 0.26%
American States Water Co.		249,590		11,833,062
				11,833,062
WIRELESS TELECOMMUNICATION SERVICES — 0.10%
Spok Holdings Inc.		270,547		4,788,682
				4,788,682
TOTAL COMMON STOCKS
(Cost: $4,272,498,019)				4,603,950,885
SHORT-TERM INVESTMENTS — 10.36%
MONEY MARKET FUNDS — 10.36%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		472,087,086		472,228,712

Security	Shares		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		5,645,873	$	5,645,873
				477,874,585
TOTAL SHORT-TERM INVESTMENTS
(Cost: $477,813,150)				477,874,585
TOTAL INVESTMENTS IN SECURITIES — 110.17%
(Cost: $4,750,311,169)g				5,081,825,470
Other Assets, Less Liabilities — (10.17)%				(469,150,411	)
NET ASSETS — 100.00%			$	4,612,675,059

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $4,929,070,006. Net unrealized appreciation was $152,755,464, of which $651,364,295 represented gross unrealized appreciation on securities and $498,608,831 represented gross unrealized depreciation on securities.

560

Schedule of Investments (Unaudited) (Continued)

iSHARES^® S&P SMALL-CAP 600 VALUE ETF

June 30, 2017

Schedule 1 — Futures Contracts

Futures contracts outstanding as of June 30, 2017 were as follows:

Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
Russell 2000 Mini		115		Sep. 2017		ICE Markets Equity	$	8,134,034	$	8,132,225	$	(1,809	)

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1			Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	4,603,949,111		$	—	$	1,774	$	4,603,950,885
Money market funds		477,874,585			—		—		477,874,585
Total	$	5,081,823,696		$	—	$	1,774	$	5,081,825,470
Derivative financial instruments:a
Liabilities:
Futures contracts	$	(1,809	)	$	—	$	—	$	(1,809	)
Total	$	(1,809	)	$	—	$	—	$	(1,809	)

^a  Shown at the unrealized appreciation (depreciation) on the contracts.

561

Schedule of Investments (Unaudited)

iSHARES^® U.S. AEROSPACE & DEFENSE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.94%
AEROSPACE & DEFENSE — 95.67%
AAR Corp.		866,878	$	30,132,679
Aerojet Rocketdyne Holdings Inc.a,b		1,692,194		35,197,635
Aerovironment Inc.a,b		737,327		28,165,891
Arconic Inc.		3,656,729		82,824,912
Astronics Corp.a		760,661		23,177,341
Axon Enterprise Inc.a,b		1,331,758		33,480,396
Boeing Co. (The)		1,560,548		308,598,367
BWX Technologies Inc.		1,293,627		63,064,316
Cubic Corp.		665,921		30,832,142
Curtiss-Wright Corp.		632,243		58,027,263
DigitalGlobe Inc.a,b		1,263,720		42,081,876
Engility Holdings Inc.a,b		725,470		20,603,348
Esterline Technologies Corp.a		496,412		47,059,858
General Dynamics Corp.		1,078,745		213,699,385
HEICO Corp.		545,567		39,193,533
HEICO Corp. Class A		774,582		48,062,813
Hexcel Corp.		1,206,551		63,693,827
Huntington Ingalls Industries Inc.		444,731		82,791,123
KLX Inc.a,b		918,429		45,921,450
Kratos Defense & Security Solutions Inc.a,b		2,344,951		27,834,568
L3 Technologies Inc.		624,855		104,400,773
Lockheed Martin Corp.		855,768		237,569,755
Mercury Systems Inc.a,b		1,003,921		42,255,035
Moog Inc. Class Aa		606,837		43,522,350
Northrop Grumman Corp.		747,933		192,001,880
Orbital ATK Inc.		687,792		67,651,221
Raytheon Co.		1,215,785		196,324,962
Rockwell Collins Inc.		1,124,051		118,115,279
Spirit AeroSystems Holdings Inc. Class A		1,311,007		75,959,746
Teledyne Technologies Inc.a,b		474,071		60,515,163
Textron Inc.		2,159,578		101,716,124
TransDigm Group Inc.b		384,426		103,360,619
Triumph Group Inc.b		1,102,274		34,831,858
United Technologies Corp.		2,253,148		275,131,902
Wesco Aircraft Holdings Inc.a,b		2,233,107		24,229,211
				3,002,028,601

Security	Shares		Value
INDUSTRIAL MACHINERY — 1.40%
RBC Bearings Inc.a,b		432,924	$	44,054,346
				44,054,346
IT CONSULTING & OTHER SERVICES — 0.96%
ManTech International Corp./VA Class A		724,475		29,978,776
				29,978,776
LEISURE PRODUCTS — 1.91%
American Outdoor Brands Corp.a,b		1,391,275		30,830,654
Sturm Ruger & Co. Inc.b		467,875		29,078,431
				59,909,085
TOTAL COMMON STOCKS
(Cost: $2,801,690,592)				3,135,970,808
SHORT-TERM INVESTMENTS — 4.41%
MONEY MARKET FUNDS — 4.41%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		136,965,344		137,006,433
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		1,524,480		1,524,480
				138,530,913
TOTAL SHORT-TERM INVESTMENTS
(Cost: $138,532,395)				138,530,913
TOTAL INVESTMENTS IN SECURITIES — 104.35%
(Cost: $2,940,222,987)f				3,274,501,721
Other Assets, Less Liabilities — (4.35)%				(136,606,255	)
NET ASSETS — 100.00%			$	3,137,895,466

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $2,954,689,364. Net unrealized appreciation was $319,812,357, of which $344,733,086 represented gross unrealized appreciation on securities and $24,920,729 represented gross unrealized depreciation on securities.

562

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. AEROSPACE & DEFENSE ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	3,135,970,808	$	—	$	—	$	3,135,970,808
Money market funds		138,530,913		—		—		138,530,913
Total	$	3,274,501,721	$	—	$	—	$	3,274,501,721

563

Schedule of Investments (Unaudited)

iSHARES^® U.S. BROKER-DEALERS & SECURITIES EXCHANGES ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.88%
ASSET MANAGEMENT & CUSTODY BANKS — 1.27%
Diamond Hill Investment Group Inc.		9,695	$	1,933,183
				1,933,183
FINANCIAL EXCHANGES & DATA — 27.42%
CBOE Holdings Inc.		65,823		6,016,222
CME Group Inc.		97,618		12,225,678
Intercontinental Exchange Inc.		177,457		11,697,966
MarketAxess Holdings Inc.		28,660		5,763,526
Nasdaq Inc.		83,041		5,936,601
				41,639,993
INVESTMENT BANKING & BROKERAGE — 71.19%
BGC Partners Inc. Class A		301,038		3,805,120
Charles Schwab Corp. (The)		320,321		13,760,990
Cowen Group Inc. Class Aa,b		106,906		1,737,223
E*TRADE Financial Corp.a		178,581		6,791,435
Evercore Partners Inc. Class A		54,304		3,828,432
Goldman Sachs Group Inc. (The)		71,940		15,963,486
Greenhill & Co. Inc.		91,319		1,835,512
Interactive Brokers Group Inc. Class A		96,842		3,623,828
INTL. FCStone Inc.a,b		51,847		1,957,743
Investment Technology Group Inc.		83,001		1,762,941
KCG Holdings Inc. Class Aa		133,468		2,661,352
Lazard Ltd. Class A		113,271		5,247,845
LPL Financial Holdings Inc.		98,036		4,162,609
Moelis & Co. Class A		61,370		2,384,224
Morgan Stanley		322,398		14,366,055
Piper Jaffray Companies		37,093		2,223,725
PJT Partners Inc. Class A		51,396		2,067,147
Raymond James Financial Inc.		84,344		6,766,076
Stifel Financial Corp.a,b		88,416		4,065,368
TD Ameritrade Holding Corp.		162,875		7,001,996
Virtu Financial Inc. Class A		120,263		2,122,642
				108,135,749
TOTAL COMMON STOCKS
(Cost: $143,869,205)				151,708,925

Security	Shares		Value
SHORT-TERM INVESTMENTS — 1.31%
MONEY MARKET FUNDS — 1.31%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		1,829,549	$	1,830,098
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		151,716		151,716
				1,981,814
TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,981,831)				1,981,814
TOTAL INVESTMENTS IN SECURITIES — 101.19%
(Cost: $145,851,036)f				153,690,739
Other Assets, Less Liabilities — (1.19)%				(1,803,294	)
NET ASSETS — 100.00%			$	151,887,445

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $146,414,034. Net unrealized appreciation was $7,276,705, of which $11,379,256 represented gross unrealized appreciation on securities and $4,102,551 represented gross unrealized depreciation on securities.

564

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. BROKER-DEALERS & SECURITIES EXCHANGES ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	151,708,925	$	—	$	—	$	151,708,925
Money market funds		1,981,814		—		—		1,981,814
Total	$	153,690,739	$	—	$	—	$	153,690,739

565

Schedule of Investments (Unaudited)

iSHARES^® U.S. HEALTHCARE PROVIDERS ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.90%
DIVERSIFIED SUPPORT SERVICES — 1.47%
Healthcare Services Group Inc.		181,238	$	8,487,376
				8,487,376
HEALTH CARE DISTRIBUTORS — 0.66%
PharMerica Corp.a,b		146,180		3,837,225
				3,837,225
HEALTH CARE FACILITIES — 19.68%
Acadia Healthcare Co. Inc.a,b		192,775		9,519,229
Brookdale Senior Living Inc.a,b		524,846		7,720,485
Capital Senior Living Corp.a,b		181,510		2,760,767
Community Health Systems Inc.a,b		497,833		4,958,417
Ensign Group Inc. (The)		213,871		4,655,972
HCA Healthcare Inc.a		304,615		26,562,428
HealthSouth Corp.		205,253		9,934,245
Kindred Healthcare Inc.		396,316		4,617,081
LifePoint Health Inc.a,b		114,797		7,708,619
National Healthcare Corp.		49,481		3,470,597
Select Medical Holdings Corp.a		386,334		5,930,227
Tenet Healthcare Corp.a,b		296,109		5,726,748
U.S. Physical Therapy Inc.		58,875		3,556,050
Universal Health Services Inc. Class B		138,480		16,905,638
				114,026,503
HEALTH CARE SERVICES — 25.61%
Amedisys Inc.a		94,536		5,937,806
CorVel Corp.a		59,149		2,806,620
DaVita Inc.a		242,427		15,699,573
Diplomat Pharmacy Inc.a,b		207,414		3,069,727
Envision Healthcare Corp.a		221,738		13,896,320
Express Scripts Holding Co.a		526,441		33,607,993
Laboratory Corp. of America Holdingsa		135,598		20,901,076
LHC Group Inc.a		65,272		4,431,316
MEDNAX Inc.a,b		195,768		11,818,514
Premier Inc.a,b		170,845		6,150,420
Quest Diagnostics Inc.		178,349		19,825,275
Teladoc Inc.a,b		142,817		4,955,750
Tivity Health Inc.a,b		132,149		5,266,138
				148,366,528

Security	Shares		Value
HEALTH CARE TECHNOLOGY — 2.86%
Cotiviti Holdings Inc.a		108,062	$	4,013,423
HealthStream Inc.a,b		124,914		3,287,736
HMS Holdings Corp.a,b		296,166		5,479,071
Inovalon Holdings Inc. Class Aa,b		289,651		3,808,911
				16,589,141
LIFE SCIENCES TOOLS & SERVICES — 1.74%
PAREXEL International Corp.a		116,164		10,095,813
				10,095,813
MANAGED HEALTH CARE — 47.88%
Aetna Inc.		254,726		38,675,049
Anthem Inc.		202,908		38,173,082
Centene Corp.a,b		235,561		18,816,613
Cigna Corp.		209,056		34,993,884
HealthEquity Inc.a,b		130,566		6,506,104
Humana Inc.		131,301		31,593,647
Magellan Health Inc.a,b		81,708		5,956,513
Molina Healthcare Inc.a		114,586		7,927,059
Triple-S Management Corp. Class Ba		152,544		2,579,519
UnitedHealth Group Inc.		423,212		78,471,969
WellCare Health Plans Inc.a		76,354		13,710,124
				277,403,563
TOTAL COMMON STOCKS
(Cost: $552,553,940)				578,806,149
SHORT-TERM INVESTMENTS — 8.39%
MONEY MARKET FUNDS — 8.39%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		47,975,049		47,989,442
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		604,648		604,648
				48,594,090
TOTAL SHORT-TERM INVESTMENTS
(Cost: $48,589,974)				48,594,090

566

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. HEALTHCARE PROVIDERS ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 108.29%
(Cost: $601,143,914)f	$	627,400,239
Other Assets, Less Liabilities — (8.29)%		(48,015,688	)
NET ASSETS — 100.00%	$	579,384,551

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $607,606,822. Net unrealized appreciation was $19,793,417, of which $81,268,882 represented gross unrealized appreciation on securities and $61,475,465 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	578,806,149	$	—	$	—	$	578,806,149
Money market funds		48,594,090		—		—		48,594,090
Total	$	627,400,239	$	—	$	—	$	627,400,239

567

Schedule of Investments (Unaudited)

iSHARES^® U.S. HOME CONSTRUCTION ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.97%
BUILDING PRODUCTS — 14.94%
American Woodmark Corp.a		144,418	$	13,799,140
Builders FirstSource Inc.a,b		974,710		14,932,557
Fortune Brands Home & Security Inc.		429,183		27,999,899
JELD-WEN Holding Inc.a		420,418		13,646,768
Lennox International Inc.		134,049		24,616,758
Masco Corp.		779,403		29,780,989
Masonite International Corp.a,b		222,114		16,769,607
Owens Corning		376,909		25,222,750
PGT Innovations Inc.a,b		870,801		11,146,253
Quanex Building Products Corp.		544,673		11,519,834
Simpson Manufacturing Co. Inc.		360,951		15,777,168
Trex Co. Inc.a,b		237,645		16,079,061
Universal Forest Products Inc.		176,502		15,410,390
USG Corp.a,b		604,993		17,556,897
				254,258,071
CONSTRUCTION MATERIALS — 1.20%
Eagle Materials Inc.		220,994		20,424,266
				20,424,266
FOREST PRODUCTS — 1.16%
Louisiana-Pacific Corp.a		822,114		19,821,169
				19,821,169
HOME FURNISHINGS — 4.04%
Ethan Allen Interiors Inc.		399,137		12,892,125
Leggett & Platt Inc.		462,012		24,269,490
Mohawk Industries Inc.a,b		130,639		31,574,140
				68,735,755
HOME IMPROVEMENT RETAIL — 8.61%
Home Depot Inc. (The)		474,109		72,728,321
Lowe’s Companies Inc.		667,476		51,749,414
Lumber Liquidators Holdings Inc.a,b		424,121		10,628,472
Tile Shop Holdings Inc.b		551,583		11,390,189
				146,496,396
HOMEBUILDING — 65.32%
Beazer Homes USA Inc.a,b		696,627		9,557,722
CalAtlantic Group Inc.b		1,431,115		50,589,915

Security	Shares		Value
Cavco Industries Inc.a		166,657	$	21,607,080
DR Horton Inc.		5,809,151		200,822,350
Hovnanian Enterprises Inc. Class Aa,b		2,590,087		7,252,244
Installed Building Products Inc.a,b		394,014		20,863,041
KB Homeb		1,580,004		37,872,696
Lennar Corp. Class A		3,469,907		185,015,441
Lennar Corp. Class B		200,913		9,035,058
LGI Homes Inc.a,b		349,925		14,059,987
M/I Homes Inc.a,b		499,037		14,247,506
MDC Holdings Inc.		795,649		28,110,279
Meritage Homes Corp.a,b		727,064		30,682,101
NVR Inc.a		60,427		145,665,930
PulteGroup Inc.		4,985,898		122,304,078
Taylor Morrison Home Corp. Class Aa,b		1,394,537		33,482,833
Toll Brothers Inc.		2,625,468		103,732,241
TopBuild Corp.a,b		700,522		37,176,703
TRI Pointe Group Inc.a,b		3,006,759		39,659,151
				1,111,736,356
SPECIALTY CHEMICALS — 2.33%
Sherwin-Williams Co. (The)		112,974		39,649,355
				39,649,355
TRADING COMPANIES & DISTRIBUTORS — 2.37%
Beacon Roofing Supply Inc.a,b		370,048		18,132,352
Watsco Inc.		144,502		22,282,208
				40,414,560
TOTAL COMMON STOCKS
(Cost: $1,619,803,484)				1,701,535,928
SHORT-TERM INVESTMENTS — 8.70%
MONEY MARKET FUNDS — 8.70%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		147,112,856		147,156,990
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		927,885		927,885
				148,084,875
TOTAL SHORT-TERM INVESTMENTS
(Cost: $148,078,369)				148,084,875

568

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. HOME CONSTRUCTION ETF

June 30, 2017

	Value
TOTAL INVESTMENTS IN SECURITIES — 108.67%
(Cost: $1,767,881,853)f	$	1,849,620,803
Other Assets, Less Liabilities — (8.67)%		(147,539,401	)
NET ASSETS — 100.00%	$	1,702,081,402

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $1,775,769,936. Net unrealized appreciation was $73,850,867, of which $113,524,721 represented gross unrealized appreciation on securities and $39,673,854 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	1,701,535,928	$	—	$	—	$	1,701,535,928
Money market funds		148,084,875		—		—		148,084,875
Total	$	1,849,620,803	$	—	$	—	$	1,849,620,803

569

Schedule of Investments (Unaudited)

iSHARES^® U.S. INSURANCE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.75%
INSURANCE BROKERS — 2.66%
Arthur J Gallagher & Co.		52,853	$	3,025,834
Brown & Brown Inc.		36,060		1,553,104
				4,578,938
LIFE & HEALTH INSURANCE — 31.93%
Aflac Inc.		107,573		8,356,271
American Equity Investment Life Holding Co.		18,957		498,190
Athene Holding Ltd. Class Aa		17,367		861,577
CNO Financial Group Inc.		40,455		844,700
FBL Financial Group Inc. Class A		4,182		257,193
Genworth Financial Inc. Class Aa		123,407		465,244
Lincoln National Corp.		64,233		4,340,866
MetLife Inc.		280,017		15,384,134
National Western Life Group Inc.		922		294,690
Primerica Inc.		11,593		878,170
Principal Financial Group Inc.		75,907		4,863,361
Prudential Financial Inc.		112,824		12,200,787
Torchmark Corp.		32,645		2,497,343
Unum Group		67,266		3,136,614
				54,879,140
MULTI-LINE INSURANCE — 17.10%
American Financial Group Inc./OH		22,324		2,218,336
American International Group Inc.		227,667		14,233,741
American National Insurance Co.		3,045		354,712
Assurant Inc.		17,030		1,765,841
Hartford Financial Services Group Inc. (The)		103,301		5,430,533
Horace Mann Educators Corp.		14,542		549,688
Kemper Corp.		15,985		617,021
Loews Corp.		79,802		3,735,532
National General Holdings Corp.		22,683		478,611
				29,384,015
OTHER DIVERSIFIED FINANCIAL SERVICES — 1.22%
Voya Financial Inc.		56,826		2,096,311
				2,096,311
PROPERTY & CASUALTY INSURANCE — 45.73%
Allied World Assurance Co. Holdings AG		27,568		1,458,347
Allstate Corp. (The)		98,440		8,706,034
Ambac Financial Group Inc.a		10,271		178,202

Security	Shares		Value
AMERISAFE Inc.		6,601	$	375,927
AmTrust Financial Services Inc.		38,567		583,904
Arch Capital Group Ltd.a		37,841		3,530,187
Argo Group International Holdings Ltd.		10,500		636,300
Assured Guaranty Ltd.		38,210		1,594,885
Axis Capital Holdings Ltd.		26,291		1,699,976
Chubb Ltd.		119,150		17,322,027
Cincinnati Financial Corp.		44,049		3,191,350
CNA Financial Corp.		9,909		483,064
Employers Holdings Inc.		11,790		498,717
Erie Indemnity Co. Class A		6,282		785,690
First American Financial Corp.		33,963		1,517,806
Hanover Insurance Group Inc. (The)		13,788		1,222,030
Infinity Property & Casualty Corp.		4,220		396,680
James River Group Holdings Ltd.		8,639		343,227
Markel Corp.a,b		4,025		3,927,837
MBIA Inc.a		46,358		437,156
Mercury General Corp.		12,590		679,860
Navigators Group Inc. (The)		7,600		417,240
Old Republic International Corp.		75,533		1,475,160
OneBeacon Insurance Group Ltd. Class A		10,638		193,931
ProAssurance Corp.		17,483		1,062,966
Progressive Corp. (The)		159,540		7,034,119
RLI Corp.		13,101		715,577
Safety Insurance Group Inc.		3,341		228,190
Selective Insurance Group Inc.		19,244		963,162
State National Companies Inc.		13,062		240,080
Travelers Companies Inc. (The)		74,912		9,478,615
United Fire Group Inc.		5,390		237,483
Universal Insurance Holdings Inc.		12,964		326,693
White Mountains Insurance Group Ltd.		1,462		1,269,937
WR Berkley Corp.		29,237		2,022,323
XL Group Ltd.		76,442		3,348,160
				78,582,842
REINSURANCE — 1.11%
Alleghany Corp.a		3,216		1,912,877
				1,912,877
TOTAL COMMON STOCKS
(Cost: $148,592,756)				171,434,123

570

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. INSURANCE ETF

June 30, 2017

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.36%
MONEY MARKET FUNDS — 0.36%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		395,263	$	395,381
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		214,371		214,371
				609,752
TOTAL SHORT-TERM INVESTMENTS
(Cost: $609,819)				609,752
TOTAL INVESTMENTS IN SECURITIES — 100.11%
(Cost: $149,202,575)f				172,043,875
Other Assets, Less Liabilities — (0.11)%				(181,976	)
NET ASSETS — 100.00%			$	171,861,899

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $150,285,157. Net unrealized appreciation was $21,758,718, of which $23,948,696 represented gross unrealized appreciation on securities and $2,189,978 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	171,434,123	$	—	$	—	$	171,434,123
Money market funds		609,752		—		—		609,752
Total	$	172,043,875	$	—	$	—	$	172,043,875

571

Schedule of Investments (Unaudited)

iSHARES^® U.S. MEDICAL DEVICES ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.91%
HEALTH CARE EQUIPMENT — 86.77%
Abbott Laboratories		2,918,693	$	141,877,667
ABIOMED Inc.a		136,004		19,489,373
Accuray Inc.a,b		577,705		2,744,099
Analogic Corp.		68,825		5,000,136
AtriCure Inc.a		184,242		4,467,869
Baxter International Inc.		1,070,733		64,822,176
Becton Dickinson and Co.		448,426		87,492,397
Boston Scientific Corp.a		2,799,970		77,615,168
Cantel Medical Corp.		145,454		11,332,321
Cardiovascular Systems Inc.a		171,470		5,526,478
CR Bard Inc.		169,355		53,534,809
CryoLife Inc.a		171,518		3,421,784
Danaher Corp.		1,151,064		97,138,291
DexCom Inc.a,b		286,254		20,939,480
Edwards Lifesciences Corp.a		479,575		56,704,948
GenMark Diagnostics Inc.a		321,329		3,801,322
Glaukos Corp.a		75,199		3,118,503
Globus Medical Inc. Class Aa,b		305,119		10,114,695
Hill-Rom Holdings Inc.		210,624		16,767,777
Hologic Inc.a		763,390		34,642,638
IDEXX Laboratories Inc.a		229,089		36,979,546
Inogen Inc.a,b		77,266		7,372,722
Insulet Corp.a,b		240,726		12,351,651
Integra LifeSciences Holdings Corp.a,b		236,918		12,914,400
Intuitive Surgical Inc.a		77,411		72,407,927
Invacare Corp.		209,622		2,767,010
K2M Group Holdings Inc.a		198,303		4,830,661
Masimo Corp.a		164,224		14,973,944
Medtronic PLC		2,087,889		185,300,149
Natus Medical Inc.a,b		169,771		6,332,458
Nevro Corp.a,b		106,181		7,903,052
NuVasive Inc.a		186,490		14,344,811
NxStage Medical Inc.a,b		293,785		7,365,190
Penumbra Inc.a,b		115,135		10,103,096
ResMed Inc.		407,152		31,704,926
STERIS PLC		272,809		22,233,933
Stryker Corp.		608,214		84,407,939
Teleflex Inc.		132,905		27,612,343
Varex Imaging Corp.a		186,816		6,314,381
Varian Medical Systems Inc.a,b		269,804		27,841,075
Wright Medical Group NVa,b		417,820		11,485,872
Zimmer Biomet Holdings Inc.		459,242		58,966,673
				1,387,065,690

Security	Shares		Value
HEALTH CARE SERVICES — 0.33%
BioTelemetry Inc.a		159,080	$	5,321,226
				5,321,226
HEALTH CARE SUPPLIES — 0.66%
Atrion Corp.		7,877		5,067,274
OraSure Technologies Inc.a		313,430		5,409,802
				10,477,076
HEALTH CARE TECHNOLOGY — 0.47%
Omnicell Inc.a,b		174,097		7,503,580
				7,503,580
LIFE SCIENCES TOOLS & SERVICES — 11.68%
Bio-Rad Laboratories Inc. Class Aa		73,094		16,541,903
Bruker Corp.		421,361		12,152,051
Thermo Fisher Scientific Inc.		685,608		119,618,028
Waters Corp.a		209,046		38,431,017
				186,742,999
TOTAL COMMON STOCKS
(Cost: $1,405,809,425)				1,597,110,571
SHORT-TERM INVESTMENTS — 3.25%
MONEY MARKET FUNDS — 3.25%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		50,683,694		50,698,899
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		1,228,251		1,228,251
				51,927,150
TOTAL SHORT-TERM INVESTMENTS
(Cost: $51,917,943)				51,927,150
TOTAL INVESTMENTS IN SECURITIES — 103.16%
(Cost: $1,457,727,368)f				1,649,037,721
Other Assets, Less Liabilities — (3.16)%				(50,408,782	)
NET ASSETS — 100.00%			$	1,598,628,939

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $1,464,405,244. Net unrealized appreciation was $184,632,477, of which $195,872,507 represented gross unrealized appreciation on securities and $11,240,030 represented gross unrealized depreciation on securities.

572

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. MEDICAL DEVICES ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	1,597,110,571	$	—	$	—	$	1,597,110,571
Money market funds		51,927,150		—		—		51,927,150
Total	$	1,649,037,721	$	—	$	—	$	1,649,037,721

573

Schedule of Investments (Unaudited)

iSHARES^® U.S. OIL & GAS EXPLORATION & PRODUCTION ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.98%
OIL & GAS EXPLORATION & PRODUCTION — 72.39%
Anadarko Petroleum Corp.		379,565	$	17,209,477
Antero Resources Corp.a,b		134,834		2,913,763
Apache Corp.		272,333		13,052,921
Cabot Oil & Gas Corp.		359,871		9,025,565
California Resources Corp.a,b		52,663		450,269
Callon Petroleum Co.a,b		195,764		2,077,056
Carrizo Oil & Gas Inc.a,b		65,577		1,142,351
Centennial Resource Development Inc./DE Class Aa		118,182		1,869,639
Chesapeake Energy Corp.a,b		687,545		3,417,099
Cimarex Energy Co.		74,268		6,981,935
Concho Resources Inc.a		106,017		12,884,246
ConocoPhillips		757,575		33,302,997
Continental Resources Inc./OKa,b		80,007		2,586,626
Denbury Resources Inc.a		476,180		728,555
Devon Energy Corp.		379,488		12,132,231
Diamondback Energy Inc.a,b		77,677		6,898,494
Energen Corp.a		82,981		4,096,772
EOG Resources Inc.		356,354		32,257,164
EQT Corp.b		135,927		7,963,963
Extraction Oil & Gas Inc.a,b		49,075		660,059
Gulfport Energy Corp.a		155,757		2,297,416
Hess Corp.		204,194		8,957,991
Kosmos Energy Ltd.a,b		238,035		1,525,804
Laredo Petroleum Inc.a,b		143,201		1,506,475
Marathon Oil Corp.		655,519		7,767,900
Matador Resources Co.a		91,302		1,951,124
Murphy Oil Corp.		144,238		3,696,820
Newfield Exploration Co.a,b		166,833		4,748,067
Noble Energy Inc.		340,725		9,642,517
Oasis Petroleum Inc.a,b		231,520		1,863,736
Parsley Energy Inc. Class Aa,b		187,282		5,197,075
PDC Energy Inc.a		53,292		2,297,418
Pioneer Natural Resources Co.		114,259		18,233,451
QEP Resources Inc.a		231,718		2,340,352
Range Resources Corp.		164,742		3,817,072
Rice Energy Inc.a		120,543		3,210,060
RSP Permian Inc.a		98,315		3,172,625
Sanchez Energy Corp.a,b		52,606		377,711
SM Energy Co.		99,354		1,642,322

Security	Shares		Value
Southwestern Energy Co.a		469,236	$	2,852,955
SRC Energy Inc.a,b		211,093		1,420,656
Whiting Petroleum Corp.a,b		281,892		1,553,225
WPX Energy Inc.a		353,533		3,415,129
				265,139,083
OIL & GAS REFINING & MARKETING — 23.11%
Delek U.S. Holdings Inc.		74,527		1,970,494
HollyFrontier Corp.		154,900		4,255,103
Marathon Petroleum Corp.		349,480		18,288,288
Par Pacific Holdings Inc.a,b		38,442		693,494
PBF Energy Inc. Class A		106,048		2,360,629
Phillips 66		287,147		23,744,185
Tesoro Corp.		112,451		10,525,414
Valero Energy Corp.		300,719		20,286,504
World Fuel Services Corp.		66,052		2,539,699
				84,663,810
OIL & GAS STORAGE & TRANSPORTATION — 4.48%
Cheniere Energy Inc.a		180,993		8,816,169
Targa Resources Corp.		168,246		7,604,719
				16,420,888
TOTAL COMMON STOCKS
(Cost: $508,870,177)				366,223,781
SHORT-TERM INVESTMENTS — 9.44%
MONEY MARKET FUNDS — 9.44%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		34,311,625		34,321,918
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		258,607		258,607
				34,580,525
TOTAL SHORT-TERM INVESTMENTS
(Cost: $34,580,763)				34,580,525

574

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. OIL & GAS EXPLORATION & PRODUCTION ETF

June 30, 2017

	Shares	Value
TOTAL INVESTMENTS IN SECURITIES — 109.42%
(Cost: $543,450,940)f		$	400,804,306
Other Assets, Less Liabilities — (9.42)%			(34,512,831	)
NET ASSETS — 100.00%		$	366,291,475

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $558,188,173. Net unrealized depreciation was $157,383,867, of which $4,856,239 represented gross unrealized appreciation on securities and $162,240,106 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	366,223,781	$	—	$	—	$	366,223,781
Money market funds		34,580,525		—		—		34,580,525
Total	$	400,804,306	$	—	$	—	$	400,804,306

575

Schedule of Investments (Unaudited)

iSHARES^® U.S. OIL EQUIPMENT & SERVICES ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.82%
INDUSTRIAL MACHINERY — 1.62%
Chart Industries Inc.a,b		91,032	$	3,161,542
				3,161,542
OIL & GAS DRILLING — 21.06%
Atwood Oceanics Inc.a,b		270,609		2,205,463
Diamond Offshore Drilling Inc.a,b		232,748		2,520,661
Ensco PLC Class A		697,197		3,597,537
Helmerich & Payne Inc.		143,857		7,817,189
Nabors Industries Ltd.		575,782		4,686,866
Noble Corp. PLCb		763,435		2,763,635
Patterson-UTI Energy Inc.		283,233		5,718,474
Rowan Companies PLC Class Aa		319,833		3,275,090
Transocean Ltd.a		656,054		5,399,324
Unit Corp.a,b		171,647		3,214,948
				41,199,187
OIL & GAS EQUIPMENT & SERVICES — 77.14%
Archrock Inc.		246,741		2,812,847
Baker Hughes Inc.		277,535		15,128,433
Core Laboratories NV		64,297		6,511,357
Dril-Quip Inc.a,b		83,648		4,082,022
Exterran Corp.a		104,177		2,781,526
Fairmount Santrol Holdings Inc.a,b		570,458		2,224,786
Forum Energy Technologies Inc.a,b		203,618		3,176,441
Frank’s International NVb		240,206		1,991,308
Halliburton Co.		440,509		18,814,139
Helix Energy Solutions Group Inc.a		476,960		2,690,054
McDermott International Inc.a,b		654,210		4,690,686
National Oilwell Varco Inc.		336,659		11,089,548
Newpark Resources Inc.a,b		338,261		2,486,218
Oceaneering International Inc.		192,850		4,404,694
Oil States International Inc.a,b		134,150		3,642,173
RPC Inc.b		168,662		3,408,659
Schlumberger Ltd.		452,271		29,777,523
SEACOR Holdings Inc.a		64,693		2,218,970
SEACOR Marine Holdings Inc.a		91,690		1,866,808
Superior Energy Services Inc.a,b		375,494		3,916,402
TechnipFMC PLCa		400,817		10,902,222
TETRA Technologies Inc.a,b		592,893		1,654,172
U.S. Silica Holdings Inc.		140,552		4,988,191

Security	Shares		Value
Weatherford International PLCa,b		1,465,660	$	5,672,104
				150,931,283
TOTAL COMMON STOCKS
(Cost: $315,818,634)				195,292,012
SHORT-TERM INVESTMENTS — 15.74%
MONEY MARKET FUNDS — 15.74%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		30,669,859		30,679,060
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		114,536		114,536
				30,793,596
TOTAL SHORT-TERM INVESTMENTS
(Cost: $30,790,926)				30,793,596
TOTAL INVESTMENTS IN SECURITIES — 115.56%
(Cost: $346,609,560)f				226,085,608
Other Assets, Less Liabilities — (15.56)%				(30,440,044	)
NET ASSETS — 100.00%			$	195,645,564

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $375,313,194. Net unrealized depreciation was $149,227,586, of which $2,974,526 represented gross unrealized appreciation on securities and $152,202,112 represented gross unrealized depreciation on securities.

576

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. OIL EQUIPMENT & SERVICES ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	195,292,012	$	—	$	—	$	195,292,012
Money market funds		30,793,596		—		—		30,793,596
Total	$	226,085,608	$	—	$	—	$	226,085,608

577

Schedule of Investments (Unaudited)

iSHARES^® U.S. PHARMACEUTICALS ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.90%
BIOTECHNOLOGY — 9.96%
AMAG Pharmaceuticals Inc.a,b		417,733	$	7,686,287
Amicus Therapeutics Inc.a,b		1,041,965		10,492,588
Ironwood Pharmaceuticals Inc.a,b		638,996		12,064,244
Spectrum Pharmaceuticals Inc.a,b		1,005,048		7,487,608
Synergy Pharmaceuticals Inc.a,b		2,023,569		9,004,882
TESARO Inc.a,b		103,717		14,505,860
Vanda Pharmaceuticals Inc.a,b		508,005		8,280,481
				69,521,950
PHARMACEUTICALS — 89.94%
Aerie Pharmaceuticals Inc.a,b		195,749		10,286,610
Akorn Inc.a,b		365,997		12,275,539
Allergan PLC		173,736		42,233,484
Amphastar Pharmaceuticals Inc.a,b		409,226		7,308,776
Bristol-Myers Squibb Co.		788,056		43,910,480
Catalent Inc.a		390,926		13,721,503
Corcept Therapeutics Inc.a,b		673,540		7,947,772
Depomed Inc.a,b		685,392		7,361,110
Dermira Inc.a,b		284,251		8,283,074
Eli Lilly & Co.		500,408		41,183,579
Endo International PLCa		927,337		10,358,354
Horizon Pharma PLCa		927,645		11,011,146
Impax Laboratories Inc.a,b		555,812		8,948,573
Innoviva Inc.a		664,082		8,500,250
Intersect ENT Inc.a		275,185		7,691,421
Intra-Cellular Therapies Inc.a,b		575,952		7,153,324
Jazz Pharmaceuticals PLCa		121,424		18,881,432
Johnson & Johnson		525,035		69,456,880
Lannett Co. Inc.a,b		343,393		7,005,217
Mallinckrodt PLCa		343,574		15,395,551
Medicines Co. (The)a,b		309,792		11,775,194
Merck & Co. Inc.		833,445		53,415,490
Mylan NVa		599,789		23,283,809
Omeros Corp.a,b		460,380		9,163,864
Pacira Pharmaceuticals Inc./DEa,b		233,472		11,136,614
Perrigo Co. PLC		271,112		20,474,378
Pfizer Inc.		1,720,983		57,807,819
Phibro Animal Health Corp. Series A		201,371		7,460,796
Prestige Brands Holdings Inc.a,b		233,538		12,333,142
Revance Therapeutics Inc.a,b		272,953		7,205,959
SciClone Pharmaceuticals Inc.a,b		651,577		7,167,347
TherapeuticsMD Inc.a,b		1,753,648		9,241,725

Security	Shares		Value
Theravance Biopharma Inc.a,b		250,337	$	9,973,426
Zoetis Inc.b		452,668		28,237,430
				627,591,068
TOTAL COMMON STOCKS
(Cost: $719,804,043)				697,113,018
SHORT-TERM INVESTMENTS — 18.05%
MONEY MARKET FUNDS — 18.05%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		125,631,795		125,669,485
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		274,575		274,575
				125,944,060
TOTAL SHORT-TERM INVESTMENTS
(Cost: $125,921,405)				125,944,060
TOTAL INVESTMENTS IN SECURITIES — 117.95%
(Cost: $845,725,448)f				823,057,078
Other Assets, Less Liabilities — (17.95)%				(125,274,102	)
NET ASSETS — 100.00%			$	697,782,976

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $877,233,723. Net unrealized depreciation was $54,176,645, of which $60,621,806 represented gross unrealized appreciation on securities and $114,798,451 represented gross unrealized depreciation on securities.

578

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. PHARMACEUTICALS ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	697,113,018	$	—	$	—	$	697,113,018
Money market funds		125,944,060		—		—		125,944,060
Total	$	823,057,078	$	—	$	—	$	823,057,078

579

Schedule of Investments (Unaudited)

iSHARES^® U.S. PREFERRED STOCK ETF

June 30, 2017

Security	Shares		Value
PREFERRED STOCKS — 97.54%
AEROSPACE & DEFENSE — 0.54%
Arconic Inc., 5.38%a		2,747,036	$	98,343,889
				98,343,889
AUTOMOBILES — 5.09%
Countrywide Capital V, 7.00%		6,481,842		166,324,066
Deutsche Bank Contingent Capital Trust II, 6.55%		3,398,846		86,262,711
Deutsche Bank Contingent Capital Trust III, 7.60%		8,369,020		218,766,183
Deutsche Bank Contingent Capital Trust V, 8.05%		6,004,498		159,899,782
GMAC Capital Trust I Series 2, 6.97%b		11,435,871		299,619,820
				930,872,562
BANKS — 37.05%
Associated Banc-Corp Series D, 5.38%		424,939		10,614,976
Banc of California Inc. Series D, 7.38%		552,517		14,696,952
Banc of California Inc. Series E, 7.00%		539,409		14,510,102
Bank of America Corp., 6.20%		2,695,648		72,270,323
Bank of America Corp. Series 3, 6.38%		2,638,390		67,780,239
Bank of America Corp. Series 4, 4.00%b,c		849,146		20,540,842
Bank of America Corp. Series 5, 4.00%b		805,230		18,995,376
Bank of America Corp. Series D, 6.20%		1,283,924		32,996,847
Bank of America Corp. Series EE, 6.00%		2,419,307		64,595,497
Bank of America Corp. Series H, 3.00%b,c		689,565		15,549,691
Bank of America Corp. Series I, 6.63%		666,995		17,248,491
Bank of America Corp. Series W, 6.63%		2,463,564		66,664,042
Bank of America Corp. Series Y, 6.50%		2,938,911		79,115,484
Barclays Bank PLC Series 5, 8.13%c		11,278,478		299,894,730

Security	Shares		Value
BB&T Corp., 5.63%c		2,004,767	$	53,928,232
BB&T Corp., 5.85%c		2,708,152		69,409,936
BB&T Corp. Series E, 5.63%c		5,075,863		129,231,472
BB&T Corp. Series F, 5.20%		2,264,308		56,675,629
BB&T Corp. Series G, 5.20%c		2,405,804		61,781,047
Citigroup Inc. Series C, 5.80%		2,505,307		65,238,194
Citigroup Inc. Series J, 7.13%b,c		4,087,100		122,204,290
Citigroup Inc. Series K, 6.88%b		6,330,795		187,328,224
Citigroup Inc. Series L, 6.88%		2,037,740		54,876,338
Citigroup Inc. Series S, 6.30%		4,382,999		117,026,073
Cullen/Frost Bankers Inc., 5.38%c		841,338		21,454,119
Fifth Third Bancorp. Series I, 6.63%b,c		2,231,366		66,918,666
First Republic Bank/CA, 5.50%c		847,205		21,629,144
First Republic Bank/CA, 5.63%		626,924		15,936,408
First Republic Bank/CA, 5.70%c		438,623		11,404,198
First Republic Bank/CA Series G, 5.50%		654,537		17,155,415
HSBC Holdings PLC, 8.13%		9,502,479		258,657,478
HSBC Holdings PLC Series 2, 8.00%		16,110,202		431,914,516
HSBC Holdings PLC Series A, 6.20%		6,201,437		163,655,922
Huntington Bancshares Inc./OH Series D, 6.25%		2,548,389		70,004,246
ING Groep NV, 6.13%		3,027,704		78,447,811
ING Groep NV, 6.20%		2,170,737		55,918,185
ING Groep NV, 6.38%		4,495,209		116,291,057
JPMorgan Chase & Co. Series AA, 6.10%		5,778,657		156,774,964
JPMorgan Chase & Co. Series BB, 6.15%		4,873,650		133,586,746
JPMorgan Chase & Co. Series O, 5.50%		5,269,791		135,222,837
JPMorgan Chase & Co. Series P, 5.45%		3,821,685		98,943,425
JPMorgan Chase & Co. Series T, 6.70%		3,925,258		105,903,461
JPMorgan Chase & Co. Series W, 6.30%c		3,730,897		100,547,674

580

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. PREFERRED STOCK ETF

June 30, 2017

Security	Shares		Value
JPMorgan Chase & Co. Series Y, 6.13%		6,061,341	$	163,353,140
KeyCorp Series E, 6.13%b		2,126,558		62,308,149
National Westminster Bank PLC Series C, 7.76%c		1,075,033		28,219,616
People’s United Financial Inc. Series A, 5.63%b		1,055,532		29,470,453
PNC Financial Services Group Inc. (The) Series P, 6.13%b,d		6,272,991		185,680,534
PNC Financial Services Group Inc. (The) Series Q, 5.38%c,d		1,994,964		51,031,179
Regions Financial Corp. Series A, 6.38%		2,479,489		63,303,834
Regions Financial Corp. Series B, 6.38%b,c		2,406,821		70,086,628
Royal Bank of Scotland Group PLC Series H, 7.25%c		1,046,544		27,775,278
Royal Bank of Scotland Group PLC Series L, 5.75%		3,235,410		81,888,227
Royal Bank of Scotland Group PLC Series S, 6.60%c		2,880,163		74,567,420
Santander Finance Preferred SAU Series 6, 4.00%b		1,520,417		37,295,829
SunTrust Banks Inc., 4.00%b		738,947		18,288,938
SunTrust Banks Inc. Series E, 5.88%		1,966,780		50,428,239
Texas Capital Bancshares Inc. Series A, 6.50%c		788,256		20,124,176
U.S. Bancorp. Series B, 3.50%b,c		4,404,063		105,961,756
U.S. Bancorp. Series F, 6.50%b,c		4,736,387		140,623,330
U.S. Bancorp. Series H, 5.15%c		2,141,151		56,012,510
Wells Fargo & Co., 5.20%		3,443,636		86,435,264
Wells Fargo & Co., 5.70%		3,209,245		83,119,445
Wells Fargo & Co., 5.85%b		7,593,952		210,048,712
Wells Fargo & Co., 6.63%b		3,791,947		114,630,558
Wells Fargo & Co. Series J, 8.00%		9,012,760		233,520,612
Wells Fargo & Co. Series L, 7.50%a		407,543		534,333,703
Wells Fargo & Co. Series O, 5.13%		3,020,009		75,953,226

Security	Shares		Value
Wells Fargo & Co. Series P, 5.25%c		2,951,962	$	75,363,590
Wells Fargo & Co. Series T, 6.00%c		2,952,430		77,678,433
Wells Fargo & Co. Series V, 6.00%		4,054,623		107,163,686
Wells Fargo & Co. Series X, 5.50%		4,639,122		118,483,176
Zions BanCorp. Series G, 6.30%b,c		684,174		19,156,872
				6,775,845,812
CAPITAL MARKETS — 13.11%
Affiliated Managers Group Inc., 6.38%		860,633		21,860,078
Apollo Global Management LLC, 6.38%		1,174,966		30,243,625
Apollo Investment Corp., 6.63%		640,750		16,102,048
Ares Management LP Series A, 7.00%		1,313,771		35,051,410
Bank of New York Mellon Corp. (The), 5.20%		2,505,013		62,950,977
Charles Schwab Corp. (The), 5.95%		3,178,034		86,664,987
Charles Schwab Corp. (The) Series B, 6.00%		2,052,495		52,400,197
Charles Schwab Corp. (The) Series C, 6.00%		2,545,897		69,146,563
Gabelli Dividend & Income Trust (The) Series G, 5.25%c		421,876		10,884,401
Goldman Sachs Group Inc. (The), 4.00%b		846,940		20,047,070
Goldman Sachs Group Inc. (The), 5.95%c		3,601,780		93,250,084
Goldman Sachs Group Inc. (The) Series A, 3.75%b		3,176,518		76,490,553
Goldman Sachs Group Inc. (The) Series B, 6.20%c		3,389,693		88,708,266
Goldman Sachs Group Inc. (The) Series D, 4.00%b		5,732,662		135,290,823
Goldman Sachs Group Inc. (The) Series J, 5.50%b		4,377,282		123,220,488
Goldman Sachs Group Inc. (The) Series K, 6.38%b		2,964,104		87,529,991

581

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. PREFERRED STOCK ETF

June 30, 2017

Security	Shares		Value
Goldman Sachs Group Inc. (The) Series N, 6.30%		2,860,293	$	78,429,234
KKR & Co. LP Series A, 6.75%		1,187,466		32,405,947
KKR & Co. LP Series B, 6.50%c		657,187		17,671,758
KKR Financial Holdings LLC Series A, 7.38%		1,615,483		42,131,797
Ladenburg Thalmann Financial Services Inc. Series A, 8.00%c		1,549,911		38,406,795
Merrill Lynch Capital Trust I Series K, 6.45%b		4,367,096		111,360,948
Merrill Lynch Capital Trust III, 7.38%b,c		3,109,335		81,153,644
Morgan Stanley, 6.88%b		3,659,093		107,174,834
Morgan Stanley Series A, 4.00%b		4,653,564		110,103,324
Morgan Stanley Series E, 7.13%b		3,669,898		108,775,777
Morgan Stanley Series G, 6.63%		2,146,999		58,806,303
Morgan Stanley Series I, 6.38%b		4,236,793		120,918,072
Morgan Stanley Series K, 5.85%b		4,251,038		116,138,358
Northern Trust Corp. Series C, 5.85%		1,731,802		47,780,417
State Street Corp., 6.00%		3,148,602		84,288,076
State Street Corp. Series C, 5.25%		2,107,405		53,127,680
State Street Corp. Series D, 5.90%b		3,260,148		91,642,760
State Street Corp. Series G, 5.35%b		2,115,484		58,027,726
Stifel Financial Corp. Series A, 6.25%c		646,828		17,237,966
Virtus Investment Partners Inc. Series D, 7.25%a		119,836		11,983,600
				2,397,406,577
CHEMICALS — 0.12%
Rayonier Advanced Materials Inc. Series A, 8.00%a		184,781		21,157,425
				21,157,425

Security	Shares		Value
COMMERCIAL SERVICES & SUPPLIES — 0.57%
Pitney Bowes Inc., 6.70%		1,856,871	$	49,615,593
Stericycle Inc., 5.25%a		824,242		55,174,760
				104,790,353
CONSUMER FINANCE — 2.81%
Capital One Financial Corp. Series B, 6.00%		4,041,656		102,738,895
Capital One Financial Corp. Series C, 6.25%		2,388,029		63,664,853
Capital One Financial Corp. Series D, 6.70%		2,455,069		67,342,543
Capital One Financial Corp. Series F, 6.20%c		2,447,712		65,476,296
Capital One Financial Corp. Series G, 5.20%		2,551,277		61,689,878
Capital One Financial Corp. Series H, 6.00%		2,127,410		56,078,528
Discover Financial Services Series B, 6.50%		2,579,868		66,508,997
Navient Corp., 6.00%		1,283,588		30,639,245
				514,139,235
DIVERSIFIED FINANCIAL SERVICES — 2.41%
Allied Capital Corp., 6.88%c		996,353		25,646,126
Citigroup Capital XIII, 7.54%b		9,582,182		248,945,089
General Electric Co., 4.88%		6,473,004		165,582,952
				440,174,167
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.99%
Frontier Communications Corp. Series A, 11.13%a		2,072,145		61,003,949
Qwest Corp., 7.00%		4,003,785		101,631,055
Qwest Corp., 7.50%c		715,737		18,165,405
				180,800,409
ELECTRIC UTILITIES — 3.50%
Duke Energy Corp., 5.13%c		2,189,457		57,254,301
FPL Group Capital Trust I, 5.88%c		1,348,183		36,522,277
Great Plains Energy Inc., 7.00%a		1,826,135		96,858,200
NextEra Energy Capital Holdings Inc., 5.00%		1,980,168		50,494,284
NextEra Energy Capital Holdings Inc. Series G, 5.70%		1,735,978		43,989,683

582

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. PREFERRED STOCK ETF

June 30, 2017

Security	Shares		Value
NextEra Energy Capital Holdings Inc. Series H, 5.63%		1,538,889	$	38,749,225
NextEra Energy Capital Holdings Inc. Series I, 5.13%		2,195,623		55,549,262
PPL Capital Funding Inc. Series B, 5.90%		2,019,876		53,324,726
SCE Trust I, 5.63%c		2,064,860		51,869,283
SCE Trust II, 5.10%		1,775,502		45,008,976
SCE Trust III, 5.75%b		1,186,579		33,319,138
SCE Trust IV Series J, 5.38%b		1,401,308		39,586,951
SCE Trust V Series K, 5.45%b		1,293,893		37,393,508
				639,919,814
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.31%
Belden Inc., 6.75%a		554,193		57,486,440
				57,486,440
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 10.04%
American Homes 4 Rent Series D, 6.50%		1,063,449		27,532,695
American Homes 4 Rent Series E, 6.35%c		942,390		24,351,358
American Tower Corp., 5.50%a,c		1,465,394		177,649,715
Ashford Hospitality Trust Inc. Series D, 8.45%		990,761		25,095,976
Ashford Hospitality Trust Inc. Series F, 7.38%		497,632		12,440,800
Ashford Hospitality Trust Inc. Series G, 7.38%		659,892		16,464,305
Boston Properties Inc., 5.25%c		980,504		25,365,638
CBL & Associates Properties Inc. Series D, 7.38%c		1,939,493		45,112,607
CBL & Associates Properties Inc. Series E, 6.63%c		721,604		16,777,293
Cedar Realty Trust Inc. Series B, 7.25%c		846,248		21,477,774
City Office REIT Inc. Series A, 6.63%c		475,143		12,002,112
Colony NorthStar Inc. Series B, 8.25%		1,537,709		39,257,711

Security	Shares		Value
Colony NorthStar Inc. Series C, 8.88%		541,293	$	13,981,598
Colony NorthStar Inc. Series D, 8.50%		843,026		22,213,735
Colony NorthStar Inc. Series E, 8.75%c		1,122,780		30,315,060
Colony NorthStar Inc. Series H, 7.13%		1,253,674		32,282,106
Digital Realty Trust Inc. Series G, 5.88%c		1,149,733		29,398,673
Digital Realty Trust Inc. Series H, 7.38%		1,603,149		43,974,377
Digital Realty Trust Inc. Series I, 6.35%		1,098,307		29,819,035
DuPont Fabros Technology Inc. Series C, 6.63%c		868,863		23,614,827
Equity Commonwealth, 5.75%		817,776		20,697,911
Hersha Hospitality Trust Series D, 6.50%c		819,375		20,648,250
Kimco Realty Corp. Series I, 6.00%		1,769,076		44,580,715
Kimco Realty Corp. Series J, 5.50%		1,058,700		26,562,783
Kimco Realty Corp. Series K, 5.63%		800,747		20,002,660
LaSalle Hotel Properties Series J, 6.30%		645,569		16,352,263
Monmouth Real Estate Investment Corp. Series C, 6.13%c		581,135		14,964,226
National Retail Properties Inc. Series E, 5.70%		1,311,908		33,401,178
National Retail Properties Inc. Series F, 5.20%		1,473,108		35,722,869
Pebblebrook Hotel Trust Series D, 6.38%c		539,416		13,760,502
Pennsylvania REIT Series C, 7.20%		728,325		19,482,694
PS Business Parks Inc. Series T, 6.00%		1,526,880		38,477,376
PS Business Parks Inc. Series U, 5.75%c		1,009,959		25,420,668
PS Business Parks Inc. Series W, 5.20%c		811,219		20,272,363

583

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. PREFERRED STOCK ETF

June 30, 2017

Security	Shares		Value
Public Storage Series A, 5.88%		867,886	$	23,432,922
Public Storage Series B, 5.40%c		1,296,945		33,954,020
Public Storage Series C, 5.13%c		861,797		21,717,284
Public Storage Series D, 4.95%		1,380,731		33,855,524
Public Storage Series E, 4.90%		1,484,168		35,902,024
Public Storage Series S, 5.90%		2,017,222		50,612,100
Public Storage Series T, 5.75%		1,997,849		50,325,816
Public Storage Series U, 5.63%		1,248,762		31,493,778
Public Storage Series V, 5.38%		2,163,033		54,616,583
Public Storage Series W, 5.20%c		2,191,053		55,104,983
Public Storage Series X, 5.20%c		1,007,150		25,420,466
Public Storage Series Y, 6.38%		1,249,819		34,232,542
Public Storage Series Z, 6.00%c		1,256,066		33,599,766
Senior Housing Properties Trust, 5.63%c		1,603,207		40,609,233
VEREIT Inc. Series F, 6.70%		4,686,856		124,623,501
Vornado Realty Trust Series K, 5.70%		1,300,991		33,279,350
Vornado Realty Trust Series L, 5.40%		1,293,248		32,719,174
Welltower Inc., 6.50%a		1,532,748		101,559,883
				1,836,532,802
FOOD PRODUCTS — 1.56%
CHS Inc., 6.75%b,c		2,162,089		61,143,877
CHS Inc., 8.00%		1,336,435		40,935,004
CHS Inc. Series 1, 7.88%		2,208,833		63,945,716
CHS Inc. Series 2, 7.10%b		1,880,910		55,336,372
CHS Inc. Series 4, 7.50%		2,196,435		63,455,007
				284,815,976
INSURANCE — 8.82%
Aegon NV, 6.38%		4,277,395		110,399,565

Security	Shares		Value
Aegon NV, 6.50%		2,161,826	$	56,618,223
Aegon NV, 8.00%		2,265,079		58,710,848
Aegon NV Series 1, 4.00%b		1,078,097		26,855,396
Aflac Inc., 5.50%		2,325,422		58,949,448
Allstate Corp. (The), 5.10%b,c		2,217,367		62,086,276
Allstate Corp. (The), 5.63%		1,298,443		33,616,689
Allstate Corp. (The) Series C, 6.75%		1,719,462		46,459,863
Allstate Corp. (The) Series E, 6.63%		3,271,489		88,232,058
Allstate Corp. (The) Series F, 6.25%		1,140,145		31,068,951
AmTrust Financial Services Inc. Series D, 7.50%		823,109		20,371,948
AmTrust Financial Services Inc. Series E, 7.75%		633,741		16,033,647
AmTrust Financial Services Inc. Series F, 6.95%		1,215,250		28,704,205
Arch Capital Group Ltd. Series C, 6.75%c		1,526,795		39,162,292
Arch Capital Group Ltd. Series E, 5.25%		1,900,079		46,304,925
Argo Group U.S. Inc., 6.50%		771,984		19,538,915
Aspen Insurance Holdings Ltd., 5.63%		1,087,499		28,111,849
Aspen Insurance Holdings Ltd., 5.95%b		1,240,624		34,861,534
Assured Guaranty Municipal Holdings Inc., 6.25%		1,058,226		27,228,155
Axis Capital Holdings Ltd. Series D, 5.50%		1,074,726		27,341,029
Axis Capital Holdings Ltd. Series E, 5.50%		2,336,996		58,214,570
Endurance Specialty Holdings Ltd. Series C, 6.35%		1,003,509		26,743,515
Hartford Financial Services Group Inc. (The), 7.88%b		2,659,549		81,781,132
Maiden Holdings Ltd., 7.13%		704,768		18,662,257
MetLife Inc. Series A, 4.00%b		2,625,161		66,232,812
National General Holdings Corp. Series B, 7.50%		743,423		19,187,748
National General Holdings Corp. Series C, 7.50%		856,499		22,097,674
PartnerRe Ltd. Series G, 6.50%		633,657		17,260,817

584

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. PREFERRED STOCK ETF

June 30, 2017

Security	Shares		Value
PartnerRe Ltd. Series H, 7.25%		1,453,844	$	42,161,476
PartnerRe Ltd. Series I, 5.88%c		953,589		25,022,175
Protective Life Corp., 6.00%		100,635		2,548,078
Protective Life Corp., 6.25%		1,293,223		32,809,068
Prudential Financial Inc., 5.70%		3,167,098		82,249,535
Prudential Financial Inc., 5.75%c		2,591,915		67,363,871
Prudential PLC, 6.50%		1,289,624		33,942,904
Prudential PLC, 6.75%		1,062,474		28,198,060
Reinsurance Group of America Inc., 6.20%b,c		1,841,275		54,888,408
RenaissanceRe Holdings Ltd. Series E, 5.38%		1,267,269		32,467,432
Selective Insurance Group Inc., 5.88%		922,627		23,600,799
Validus Holdings Ltd. Series A, 5.88%		647,848		16,565,473
				1,612,653,620
MACHINERY — 0.72%
Rexnord Corp. Series A, 5.75%a		865,006		46,926,576
Stanley Black & Decker Inc., 5.75%		3,313,600		84,728,752
				131,655,328
MARINE — 0.35%
Seaspan Corp. Series D, 7.95%		593,143		12,687,329
Seaspan Corp. Series E, 8.25%		590,884		13,082,171
Seaspan Corp. Series G, 8.20%		836,758		17,571,918
Seaspan Corp. Series H, 7.88%		956,872		19,721,132
				63,062,550
MEDIA — 0.19%
Comcast Corp., 5.00%		1,326,921		33,942,639
				33,942,639
MORTGAGE REAL ESTATE INVESTMENT — 2.33%
AGNC Investment Corp., 8.00%c		805,582		20,703,457

Security	Shares		Value
AGNC Investment Corp. Series B, 7.75%c		828,764	$	21,564,439
Annaly Capital Management Inc. Series C, 7.63%		1,314,012		33,875,229
Annaly Capital Management Inc. Series D, 7.50%		1,989,735		50,718,345
Annaly Capital Management Inc. Series E, 7.63%		1,321,907		33,801,162
Apollo Commercial Real Estate Finance Inc. Series C, 8.00%		792,724		20,190,680
ARMOUR Residential REIT Inc. Series B, 7.88%		599,621		14,990,525
Capstead Mortgage Corp. Series E, 7.50%		755,121		19,127,215
Chimera Investment Corp. Series A, 8.00%		612,541		15,644,297
Chimera Investment Corp. Series B, 8.00%b		1,280,058		32,756,684
CYS Investments Inc. Series B, 7.50%		919,102		22,444,471
Invesco Mortgage Capital Inc. Series A, 7.75%c		611,269		15,422,317
Invesco Mortgage Capital Inc. Series B, 7.75%b,c		783,804		19,838,079
MFA Financial Inc. Series B, 7.50%		922,875		23,394,881
Resource Capital Corp., 8.25%		576,342		13,855,262
Resource Capital Corp., 8.63%b		568,617		14,073,271
Two Harbors Investment Corp. Series A, 8.13%b		619,250		17,184,188
Wells Fargo Real Estate Investment Corp. Series A, 6.38%		1,369,616		37,185,075
				426,769,577
MULTI-UTILITIES — 0.06%
Just Energy Group Inc. Series A, 8.50%b		432,810		10,919,796
				10,919,796
OIL, GAS & CONSUMABLE FUELS — 2.29%
Blueknight Energy Partners LP Series A, 11.00%a,b		60,201		465,956
Hess Corp., 8.00%a,c		1,246,483		69,329,384

585

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. PREFERRED STOCK ETF

June 30, 2017

Security	Shares		Value
Kinder Morgan Inc/DE Series A, 9.75%a,c		3,404,109	$	149,372,303
NuStar Energy LP Series A, 8.50%b		1,055,709		27,585,676
NuStar Logistics LP, 7.63%b		1,778,550		45,441,953
Southwestern Energy Co. Series B, 6.25%		3,667,158		53,503,835
Targa Resources Partners LP Series A, 9.00%b		530,091		14,095,120
Teekay LNG Partners LP, 9.00%		527,608		13,142,715
Teekay Offshore Partners LP Series A, 7.25%		725,652		12,045,823
Teekay Offshore Partners LP Series B, 8.50%		532,732		10,169,854
WPX Energy Inc. Series A, 6.25%a		506,762		23,903,964
				419,056,583
PHARMACEUTICALS — 2.55%
Allergan PLC Series A, 5.50%a		536,612		465,822,145
				465,822,145
THRIFTS & MORTGAGE FINANCE — 0.33%
New York Community Bancorp Inc. Series A, 6.38%b		2,115,468		60,502,385
				60,502,385
WIRELESS TELECOMMUNICATION SERVICES — 1.80%
T-Mobile U.S. Inc., 5.50%a		2,132,027		210,303,143
Telephone & Data Systems Inc., 5.88%		914,748		22,777,225
Telephone & Data Systems Inc., 6.88%		997,078		25,275,927
Telephone & Data Systems Inc., 7.00%		1,283,206		32,875,738

Security	Shares		Value
U.S. Cellular Corp., 6.95%		1,496,336	$	38,276,275
				329,508,308
TOTAL PREFERRED STOCKS
(Cost: $17,738,290,185)				17,836,178,392
SHORT-TERM INVESTMENTS — 2.33%
MONEY MARKET FUNDS — 2.33%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%e,f,g		32,338,770		32,348,471
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%e,f		393,561,243		393,561,243
				425,909,714
TOTAL SHORT-TERM INVESTMENTS
(Cost: $425,903,256)				425,909,714
TOTAL INVESTMENTS IN SECURITIES—99.87%
(Cost: $18,164,193,441)h				18,262,088,106
Other Assets, Less Liabilities — 0.13%				23,959,847
NET ASSETS — 100.00%			$	18,286,047,953

^a  Convertible preferred stock.

^b  Variable rate security. Rate shown is as of report date.

^c  All or a portion of this security represents a security on loan.

^d  Affiliated issuer. See Schedule 1.

^e  Affiliated money market fund.

^f  The rate quoted is the annualized seven-day yield of the fund at period end.

^g  All or a portion of this security represents an investment of securities lending collateral.

^h  The cost of investments for federal income tax purposes was $18,189,561,709. Net unrealized appreciation was $72,526,397, of which $628,457,293 represented gross unrealized appreciation on securities and $555,930,896 represented gross unrealized depreciation on securities.

586

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. PREFERRED STOCK ETF

June 30, 2017

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold		Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
PNC Financial Services Group Inc. (The) Series P, 6.13%		6,222,991		50,000		—		6,272,991	$	185,680,534	$	2,382,242	$	—
PNC Financial Services Group Inc. (The) Series Q, 5.38%		1,969,964		25,000		—		1,994,964		51,031,179		661,786		—
									$	236,711,713	$	3,044,028	$	—

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Preferred stocks	$	17,836,178,392	$	—	$	—	$	17,836,178,392
Money market funds		425,909,714		—		—		425,909,714
Total	$	18,262,088,106	$	—	$	—	$	18,262,088,106

587

Schedule of Investments (Unaudited)

iSHARES^® U.S. REAL ESTATE ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.50%
DIVERSIFIED REAL ESTATE ACTIVITIES — 0.32%
Alexander & Baldwin Inc.		219,969	$	9,102,317
St. Joe Co. (The)a,b		314,488		5,896,650
				14,998,967
DIVERSIFIED REITS — 5.01%
Colony NorthStar Inc. Class Ab		2,570,675		36,220,811
Forest City Realty Trust Inc. Class A		1,022,428		24,712,085
Gramercy Property Trustb		710,325		21,103,756
Lexington Realty Trustb		1,022,603		10,133,996
Liberty Property Trust		687,785		27,999,727
Spirit Realty Capital Inc.b		2,266,397		16,794,002
STORE Capital Corp.b		804,894		18,069,870
VEREIT Inc.		4,547,660		37,017,952
Washington REITb		357,689		11,410,279
WP Carey Inc.		497,367		32,831,196
				236,293,674
HEALTH CARE REITS — 10.14%
Care Capital Properties Inc.		374,078		9,987,883
HCP Inc.		2,185,230		69,839,951
Healthcare Realty Trust Inc.b		547,923		18,711,570
Healthcare Trust of America Inc. Class Ab		893,955		27,810,940
Medical Properties Trust Inc.b		1,702,180		21,907,057
National Health Investors Inc.b		192,497		15,245,762
Omega Healthcare Investors Inc.b		919,201		30,352,017
Physicians Realty Trust		719,249		14,485,675
Quality Care Properties Inc.a		439,624		8,049,515
Senior Housing Properties Trust		941,148		19,237,065
Ventas Inc.		1,654,991		114,988,775
Welltower Inc.		1,707,644		127,817,153
				478,433,363
HOTEL & RESORT REITS — 4.33%
Apple Hospitality REIT Inc.b		736,843		13,786,333
DiamondRock Hospitality Co.b		946,421		10,363,310
Hospitality Properties Trust		650,829		18,971,665
Host Hotels & Resorts Inc.b		3,449,870		63,029,125
LaSalle Hotel Propertiesb		527,274		15,712,765
Park Hotels & Resorts Inc.b		675,889		18,221,967
Pebblebrook Hotel Trustb		328,773		10,599,642

Security	Shares		Value
RLJ Lodging Trustb		585,538	$	11,634,640
Ryman Hospitality Properties Inc.b		239,168		15,309,144
Sunstone Hotel Investors Inc.b		1,032,461		16,643,271
Xenia Hotels & Resorts Inc.b		502,594		9,735,246
				204,007,108
INDUSTRIAL REITS — 5.16%
DCT Industrial Trust Inc.		429,784		22,967,657
Duke Realty Corp.		1,659,192		46,374,416
EastGroup Properties Inc.b		158,993		13,323,613
First Industrial Realty Trust Inc.b		552,074		15,800,358
Prologis Inc.		2,473,193		145,028,038
				243,494,082
MORTGAGE REITS — 4.63%
AGNC Investment Corp.b		1,659,878		35,338,803
Annaly Capital Management Inc.b		4,744,209		57,167,718
Blackstone Mortgage Trust Inc. Class Ab		445,335		14,072,586
Chimera Investment Corp.b		841,390		15,675,096
CYS Investments Inc.		720,197		6,056,857
Invesco Mortgage Capital Inc.		524,108		8,757,845
MFA Financial Inc.		1,861,422		15,617,330
New Residential Investment Corp.		1,436,920		22,358,475
Starwood Property Trust Inc.b		1,216,244		27,231,703
Two Harbors Investment Corp.		1,645,454		16,306,449
				218,582,862
OFFICE REITS — 10.57%
Alexandria Real Estate Equities Inc.b		424,858		51,182,643
Boston Properties Inc.b		717,541		88,271,894
Brandywine Realty Trust		825,531		14,471,558
Columbia Property Trust Inc.		570,309		12,763,515
Corporate Office Properties Trustb		465,765		16,315,748
Cousins Properties Inc.b		1,961,491		17,241,506
Douglas Emmett Inc.b		686,332		26,224,746
Equity Commonwealtha,b		583,903		18,451,335
Highwoods Properties Inc.		476,882		24,182,686
Hudson Pacific Properties Inc.		729,461		24,940,272
Kilroy Realty Corp.b		458,872		34,484,231
Mack-Cali Realty Corp.b		421,992		11,452,863

588

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. REAL ESTATE ETF

June 30, 2017

Security	Shares		Value
Paramount Group Inc.b		864,530	$	13,832,480
Parkway Inc.		206,836		4,734,476
Piedmont Office Realty Trust Inc. Class Ab		684,423		14,427,637
SL Green Realty Corp.b		475,058		50,261,136
Vornado Realty Trust		803,331		75,432,781
				498,671,507
REAL ESTATE DEVELOPMENT — 0.44%
Howard Hughes Corp. (The)a		169,495		20,820,766
				20,820,766
REAL ESTATE SERVICES — 2.09%
CBRE Group Inc. Class Aa,b		1,402,836		51,063,230
Jones Lang LaSalle Inc.b		211,672		26,459,000
Realogy Holdings Corp.		645,613		20,950,142
				98,472,372
RESIDENTIAL REITS — 13.05%
American Campus Communities Inc.		626,231		29,620,726
American Homes 4 Rent Class Ab		1,098,643		24,796,372
Apartment Investment & Management Co. Class Ab		733,371		31,512,952
AvalonBay Communities Inc.b		642,575		123,483,638
Camden Property Trust		409,212		34,991,718
Education Realty Trust Inc.b		343,735		13,319,731
Equity Lifestyle Properties Inc.		381,223		32,914,794
Equity Residentialb		1,712,254		112,717,681
Essex Property Trust Inc.		305,941		78,709,441
Mid-America Apartment Communities Inc.b		529,756		55,825,687
Sun Communities Inc.b		330,337		28,967,252
UDR Inc.b		1,247,511		48,615,504
				615,475,496
RETAIL REITS — 14.56%
Acadia Realty Trustb		398,200		11,069,960
Brixmor Property Group Inc.		1,167,000		20,865,960
CBL & Associates Properties Inc.b		780,381		6,578,612
DDR Corp.		1,448,380		13,136,807
Federal Realty Investment Trust		337,113		42,607,712
GGP Inc.b		2,716,641		64,004,062
Kimco Realty Corp.b		1,987,238		36,465,817
Kite Realty Group Trustb		359,156		6,798,823
Macerich Co. (The)b		556,196		32,292,740

Security	Shares		Value
National Retail Properties Inc.		696,917	$	27,249,455
Realty Income Corp.b		1,273,424		70,267,536
Regency Centers Corp.b		682,624		42,759,568
Retail Properties of America Inc. Class Ab		1,111,029		13,565,664
Simon Property Group Inc.b		1,455,957		235,515,604
Tanger Factory Outlet Centers Inc.b		453,034		11,769,823
Taubman Centers Inc.		284,236		16,926,254
Urban Edge Propertiesb		467,341		11,090,002
Washington Prime Group Inc.b		870,506		7,286,135
Weingarten Realty Investors		553,231		16,652,253
				686,902,787
SPECIALIZED REITS — 29.20%
American Tower Corp.		1,982,059		262,266,047
CoreCivic Inc.		553,595		15,268,150
CoreSite Realty Corp.b		160,600		16,626,918
Crown Castle International Corp.b		1,707,379		171,045,228
CubeSmart		842,928		20,263,989
CyrusOne Inc.b		365,214		20,360,681
Digital Realty Trust Inc.b		745,131		84,162,547
DuPont Fabros Technology Inc.b		363,938		22,258,448
EPR Properties		299,591		21,531,605
Equinix Inc.		363,345		155,933,140
Extra Space Storage Inc.b		587,534		45,827,652
Four Corners Property Trust Inc.		284,449		7,142,514
Gaming and Leisure Properties Inc.b		913,796		34,422,695
GEO Group Inc. (The)		582,607		17,227,689
Iron Mountain Inc.b		1,146,485		39,393,225
Lamar Advertising Co. Class Ab		390,095		28,699,289
Life Storage Inc.b		219,262		16,247,314
Outfront Media Inc.		653,869		15,117,451
Potlatch Corp.b		193,326		8,834,998
Public Storageb		697,234		145,394,206
Rayonier Inc.		605,060		17,407,576
SBA Communications Corp.a		565,696		76,312,391
Uniti Group Inc.a		738,969		18,577,681
Weyerhaeuser Co.b		3,503,751		117,375,659
				1,377,697,093
TOTAL COMMON STOCKS
(Cost: $5,092,396,643)				4,693,850,077

589

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. REAL ESTATE ETF

June 30, 2017

Security	Shares		Value
SHORT-TERM INVESTMENTS — 9.39%
MONEY MARKET FUNDS — 9.39%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		442,956,829	$	443,089,716
				443,089,716
TOTAL SHORT-TERM INVESTMENTS
(Cost: $443,028,742)				443,089,716
TOTAL INVESTMENTS IN SECURITIES — 108.89%
(Cost: $5,535,425,385)f				5,136,939,793
Other Assets, Less Liabilities — (8.89)%				(419,513,312	)
NET ASSETS — 100.00%			$	4,717,426,481

^a  Non-income earning security.

^b  All or a portion of this security represents a security on loan.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $5,577,443,952. Net unrealized depreciation was $440,504,159, of which $63,510,933 represented gross unrealized appreciation on securities and $504,015,092 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	4,693,850,077	$	—	$	—	$	4,693,850,077
Money market funds		443,089,716		—		—		443,089,716
Total	$	5,136,939,793	$	—	$	—	$	5,136,939,793

590

Schedule of Investments (Unaudited)

iSHARES^® U.S. REGIONAL BANKS ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.76%
DIVERSIFIED BANKS — 15.53%
U.S. Bancorp.		2,118,501	$	109,992,572
				109,992,572
REGIONAL BANKS — 82.12%
Associated Banc-Corp.		203,697		5,133,164
BancorpSouth Inc.		111,160		3,390,380
Bank of Hawaii Corp.		57,119		4,739,163
Bank of the Ozarks Inc.		162,391		7,611,266
BankUnited Inc.		142,863		4,815,912
BB&T Corp.		1,085,042		49,271,757
BOK Financial Corp.		27,991		2,354,883
Cathay General Bancorp.		100,355		3,808,472
Citizens Financial Group Inc.		677,403		24,169,739
Comerica Inc.		236,615		17,329,683
Commerce Bancshares Inc.		116,868		6,641,608
Cullen/Frost Bankers Inc.		76,112		7,147,678
East West Bancorp. Inc.		193,219		11,318,769
F.N.B. Corp.		432,082		6,118,281
Fifth Third Bancorp.		1,003,333		26,046,525
First Financial Bankshares Inc.		88,440		3,909,048
First Horizon National Corp.		312,638		5,446,154
First Republic Bank/CA		206,336		20,654,234
Fulton Financial Corp.		233,780		4,441,820
Glacier Bancorp. Inc.		102,465		3,751,244
Hancock Holding Co.		113,028		5,538,372
Huntington Bancshares Inc./OH		1,453,802		19,655,403
IBERIABANK Corp.		68,157		5,554,796
International Bancshares Corp.		77,734		2,724,577
Investors Bancorp. Inc.		415,048		5,545,041
KeyCorp		1,465,822		27,469,504
M&T Bank Corp.		205,761		33,322,994
MB Financial Inc.		95,294		4,196,748
PacWest Bancorp.		160,304		7,486,197
People’s United Financial Inc.		460,493		8,132,306
PNC Financial Services Group Inc. (The)a		647,119		80,805,750
Popular Inc.		136,385		5,688,618
Prosperity Bancshares Inc.		92,927		5,969,630
Regions Financial Corp.		1,607,516		23,534,034
Signature Bank/New York NYb		71,789		10,303,875
SunTrust Banks Inc.		646,551		36,672,373
SVB Financial Groupb		70,200		12,340,458
Synovus Financial Corp.		163,550		7,235,452
TCF Financial Corp.		228,988		3,650,069

Security	Shares		Value
Texas Capital Bancshares Inc.b,c		66,284	$	5,130,382
Trustmark Corp.		91,740		2,950,358
UMB Financial Corp.		58,665		4,391,662
Umpqua Holdings Corp.		294,745		5,411,518
United Bankshares Inc./WV		140,211		5,496,271
Valley National Bancorp.		352,830		4,166,922
Webster Financial Corp.		123,307		6,439,092
Western Alliance Bancorp.b		126,891		6,243,037
Wintrust Financial Corp.		74,434		5,689,735
Zions Bancorp.		270,976		11,898,556
				581,743,510
THRIFTS & MORTGAGE FINANCE — 2.11%
Capitol Federal Financial Inc.		170,031		2,416,141
New York Community Bancorp. Inc.		654,011		8,587,164
Washington Federal Inc.		119,605		3,970,886
				14,974,191
TOTAL COMMON STOCKS
(Cost: $683,618,587)				706,710,273
SHORT-TERM INVESTMENTS — 0.23%
MONEY MARKET FUNDS — 0.23%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%d,e,f		923,931		924,208
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%d,e		683,623		683,623
				1,607,831
TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,607,843)				1,607,831
TOTAL INVESTMENTS IN SECURITIES — 99.99%
(Cost: $685,226,430)g				708,318,104
Other Assets, Less Liabilities — 0.01%				79,146
NET ASSETS — 100.00%			$	708,397,250

^a  Affiliated issuer. See Schedule 1.

^b  Non-income earning security.

^c  All or a portion of this security represents a security on loan.

^d  Affiliated money market fund.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $686,536,511. Net unrealized appreciation was $21,781,593, of which $31,888,448 represented gross unrealized appreciation on securities and $10,106,855 represented gross unrealized depreciation on securities.

591

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. REGIONAL BANKS ETF

June 30, 2017

Schedule 1 — Affiliates

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the three months ended June 30, 2017, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Affiliated issuer	Shares held at beginning of period		Shares purchased		Shares sold			Shares held at end of period		Value at end of period		Dividend income		Net realized gain (loss)
PNC Financial Services Group Inc. (The)		695,371		43,571		(91,823	)		647,119	$	80,805,750	$	381,309	$	2,042,925

Schedule 2 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	706,710,273	$	—	$	—	$	706,710,273
Money market funds		1,607,831		—		—		1,607,831
Total	$	708,318,104	$	—	$	—	$	708,318,104

592

Schedule of Investments (Unaudited)

iSHARES^® U.S. TELECOMMUNICATIONS ETF

June 30, 2017

Security	Shares		Value
COMMON STOCKS — 99.74%
DIVERSIFIED TELECOMMUNICATION SERVICES — 72.47%
AT&T Inc.		1,278,775	$	48,248,181
ATN International Inc.		272,095		18,622,182
CenturyLink Inc.a		1,189,232		28,398,860
Cincinnati Bell Inc.a,b		1,075,892		21,033,689
Consolidated Communications Holdings Inc.		978,931		21,017,649
Frontier Communications Corp.a		17,028,464		19,753,018
General Communication Inc. Class Aa,b		522,332		19,138,244
Globalstar Inc.a,b		8,868,804		18,890,553
Iridium Communications Inc.a,b		1,785,896		19,734,151
Level 3 Communications Inc.b		515,969		30,596,962
ORBCOMM Inc.a,b		1,732,348		19,575,532
Verizon Communications Inc.		1,025,374		45,793,203
Vonage Holdings Corp.a,b		2,913,988		19,057,481
Windstream Holdings Inc.		4,262,667		16,539,148
				346,398,853
WIRELESS TELECOMMUNICATION SERVICES — 27.27%
Shenandoah Telecommunications Co.		657,810		20,194,767
Spok Holdings Inc.		923,133		16,339,454
Sprint Corp.a,b		3,023,956		24,826,679
T-Mobile U.S. Inc.b		489,886		29,696,889
Telephone & Data Systems Inc.		810,157		22,481,857
U.S. Cellular Corp.b		437,818		16,777,186
				130,316,832
TOTAL COMMON STOCKS
(Cost: $541,554,618)				476,715,685

Security	Shares		Value
SHORT-TERM INVESTMENTS — 18.25%
MONEY MARKET FUNDS — 18.25%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.29%c,d,e		86,879,856	$	86,905,919
BlackRock Cash Funds: Treasury, SL Agency Shares
0.87%c,d		317,510		317,510
				87,223,429
TOTAL SHORT-TERM INVESTMENTS
(Cost: $87,208,414)				87,223,429
TOTAL INVESTMENTS IN SECURITIES — 117.99%
(Cost: $628,763,032)f				563,939,114
Other Assets, Less Liabilities — (17.99)%				(85,986,926	)
NET ASSETS — 100.00%			$	477,952,188

^a  All or a portion of this security represents a security on loan.

^b  Non-income earning security.

^c  Affiliated money market fund.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

^e  All or a portion of this security represents an investment of securities lending collateral.

^f  The cost of investments for federal income tax purposes was $646,747,049. Net unrealized depreciation was $82,807,935, of which $16,684,573 represented gross unrealized appreciation on securities and $99,492,508 represented gross unrealized depreciation on securities.

593

Schedule of Investments (Unaudited) (Continued)

iSHARES^® U.S. TELECOMMUNICATIONS ETF

June 30, 2017

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of June 30, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	476,715,685	$	—	$	—	$	476,715,685
Money market funds		87,223,429		—		—		87,223,429
Total	$	563,939,114	$	—	$	—	$	563,939,114

594

Item 2. Controls and Procedures.

(a) The President (the Registrant’s Principal Executive Officer) and Chief Financial Officer (the Registrant’s Principal Financial Officer) have concluded that, based on their evaluation as of a date within 90 days of the filing date of this report, the disclosure controls and procedures of the Registrant (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are reasonably designed to achieve the purposes described in Section 4(a) of the certifications filed with this Form N-Q.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications of the President (the Registrant’s Principal Executive Officer) and Chief Financial Officer (the Registrant’s Principal Financial Officer) as required by Rule 30a-2(a) under the Investment Company Act of 1940 are filed with this Form N-Q as exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

iShares Trust
By:	/s/ Martin Small

Martin Small, President (Principal Executive Officer)

Date: August 29, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:     /s/ Martin Small

Martin Small, President (Principal Executive Officer)

Date: August 29, 2017

By:     /s/ Jack Gee

Jack Gee, Treasurer and Chief Financial Officer

(Principal Financial Officer)

Date: August 29, 2017

EX-99.CERT

Form N-Q Exhibit for Item 3(a) EX-99.CERT

I, Martin Small, certify that:

1. I have reviewed this report on Form N-Q for the following seventy-six series of iShares Trust: iShares Asia 50 ETF, iShares Core S&P 500 ETF, iShares Core S&P Mid-Cap ETF, iShares Core S&P Small-Cap ETF, iShares Core S&P Total U.S. Stock Market ETF, iShares Core S&P U.S. Growth ETF, iShares Core S&P U.S. Value ETF, iShares Currency Hedged JPX-Nikkei 400 ETF, iShares Emerging Markets Infrastructure ETF, iShares Europe ETF, iShares Global 100 ETF, iShares Global Clean Energy ETF, iShares Global Consumer Discretionary ETF, iShares Global Consumer Staples ETF, iShares Global Energy ETF, iShares Global Financials ETF, iShares Global Healthcare ETF, iShares Global Industrials ETF, iShares Global Infrastructure ETF, iShares Global Materials ETF, iShares Global Tech ETF, iShares Global Telecom ETF, iShares Global Timber & Forestry ETF, iShares Global Utilities ETF, iShares iBonds Sep 2017 Term Muni Bond ETF, iShares iBonds Sep 2018 Term Muni Bond ETF, iShares iBonds Sep 2019 Term Muni Bond ETF, iShares iBonds Sep 2020 Term Muni Bond ETF, iShares India 50 ETF, iShares International Developed Property ETF, iShares International Dividend Growth ETF , iShares International Preferred Stock ETF, iShares JPX-Nikkei 400 ETF, iShares Latin America 40 ETF, iShares Micro-Cap ETF, iShares Mortgage Real Estate Capped ETF, iShares Nasdaq Biotechnology ETF, iShares North American Natural Resources ETF, iShares North American Tech ETF, iShares North American Tech-Multimedia Networking ETF, iShares North American Tech-Software ETF, iShares PHLX Semiconductor ETF, iShares Residential Real Estate Capped ETF, iShares Russell 1000 ETF, iShares Russell 1000 Growth ETF, iShares Russell 1000 Value ETF, iShares Russell 2000 ETF, iShares Russell 2000 Growth ETF, iShares Russell 2000 Value ETF, iShares Russell 3000 ETF, iShares Russell Mid-Cap ETF, iShares Russell Mid-Cap Growth ETF, iShares Russell Mid-Cap Value ETF, iShares Russell Top 200 ETF, iShares Russell Top 200 Growth ETF, iShares Russell Top 200 Value ETF, iShares S&P 100 ETF, iShares S&P 500 Growth ETF, iShares S&P 500 Value ETF, iShares S&P Mid-Cap 400 Growth ETF, iShares S&P Mid-Cap 400 Value ETF, iShares S&P Small-Cap 600 Growth ETF, iShares S&P Small-Cap 600 Value ETF, iShares U.S. Aerospace & Defense ETF, iShares U.S. Broker-Dealers & Securities Exchanges ETF, iShares U.S. Healthcare Providers ETF, iShares U.S. Home Construction ETF, iShares U.S. Insurance ETF, iShares U.S. Medical Devices ETF, iShares U.S. Oil & Gas Exploration & Production ETF, iShares U.S. Oil Equipment & Services ETF, iShares U.S. Pharmaceuticals ETF, iShares U.S. Preferred Stock ETF, iShares U.S. Real Estate ETF, iShares U.S. Regional Banks ETF and iShares U.S. Telecommunications ETF;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s Board of Trustees (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date:	August 29, 2017	/s/ Martin Small	President (Principal Executive Officer)
		Martin Small [Signature]	[Title]

Form N-Q Exhibit for Item 3(a) EX-99.CERT

I, Jack Gee, certify that:

1. I have reviewed this report on Form N-Q for the following seventy-six series of iShares Trust: iShares Asia 50 ETF, iShares Core S&P 500 ETF, iShares Core S&P Mid-Cap ETF, iShares Core S&P Small-Cap ETF, iShares Core S&P Total U.S. Stock Market ETF, iShares Core S&P U.S. Growth ETF, iShares Core S&P U.S. Value ETF, iShares Currency Hedged JPX-Nikkei 400 ETF, iShares Emerging Markets Infrastructure ETF, iShares Europe ETF, iShares Global 100 ETF, iShares Global Clean Energy ETF, iShares Global Consumer Discretionary ETF, iShares Global Consumer Staples ETF, iShares Global Energy ETF, iShares Global Financials ETF, iShares Global Healthcare ETF, iShares Global Industrials ETF, iShares Global Infrastructure ETF, iShares Global Materials ETF, iShares Global Tech ETF, iShares Global Telecom ETF, iShares Global Timber & Forestry ETF, iShares Global Utilities ETF, iShares iBonds Sep 2017 Term Muni Bond ETF, iShares iBonds Sep 2018 Term Muni Bond ETF, iShares iBonds Sep 2019 Term Muni Bond ETF, iShares iBonds Sep 2020 Term Muni Bond ETF, iShares India 50 ETF, iShares International Developed Property ETF, iShares International Dividend Growth ETF , iShares International Preferred Stock ETF, iShares JPX-Nikkei 400 ETF, iShares Latin America 40 ETF, iShares Micro-Cap ETF, iShares Mortgage Real Estate Capped ETF, iShares Nasdaq Biotechnology ETF, iShares North American Natural Resources ETF, iShares North American Tech ETF, iShares North American Tech-Multimedia Networking ETF, iShares North American Tech-Software ETF, iShares PHLX Semiconductor ETF, iShares Residential Real Estate Capped ETF, iShares Russell 1000 ETF, iShares Russell 1000 Growth ETF, iShares Russell 1000 Value ETF, iShares Russell 2000 ETF, iShares Russell 2000 Growth ETF, iShares Russell 2000 Value ETF, iShares Russell 3000 ETF, iShares Russell Mid-Cap ETF, iShares Russell Mid-Cap Growth ETF, iShares Russell Mid-Cap Value ETF, iShares Russell Top 200 ETF, iShares Russell Top 200 Growth ETF, iShares Russell Top 200 Value ETF, iShares S&P 100 ETF, iShares S&P 500 Growth ETF, iShares S&P 500 Value ETF, iShares S&P Mid-Cap 400 Growth ETF, iShares S&P Mid-Cap 400 Value ETF, iShares S&P Small-Cap 600 Growth ETF, iShares S&P Small-Cap 600 Value ETF, iShares U.S. Aerospace & Defense ETF, iShares U.S. Broker-Dealers & Securities Exchanges ETF, iShares U.S. Healthcare Providers ETF, iShares U.S. Home Construction ETF, iShares U.S. Insurance ETF, iShares U.S. Medical Devices ETF, iShares U.S. Oil & Gas Exploration & Production ETF, iShares U.S. Oil Equipment & Services ETF, iShares U.S. Pharmaceuticals ETF, iShares U.S. Preferred Stock ETF, iShares U.S. Real Estate ETF, iShares U.S. Regional Banks ETF and iShares U.S. Telecommunications ETF;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s Board of Trustees (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date:	August 29, 2017	/s/ Jack Gee	Treasurer and Chief Financial Officer (Principal Financial Officer)
		Jack Gee [Signature]	[Title]