NPORT-EX 2 tiaa_WJ0000000037175.htm
iShares
®
U.S.
Regional
Banks
ETF
Schedule
of
Investments
(unaudited)
June
30,
2024
(Percentages
shown
are
based
on
Net
Assets)
1
Schedule
of
Investments
Security
Shares
Value
a
Common
Stocks
Diversified
Banks
 — 
42
.0
%
Comerica,
Inc.
............................
169,408
$
8,646,584
Fifth
Third
Bancorp
........................
807,752
29,474,870
First
Citizens
BancShares,
Inc.
,
Class
A
...........
14,468
24,358,469
KeyCorp
................................
1,198,710
17,033,669
PNC
Financial
Services
Group,
Inc.
(The)
.........
491,054
76,349,076
U.S.
Bancorp
............................
1,925,750
76,452,275
232,314,943
a
Regional
Banks
 — 
57
.7
%
Bank
OZK
..............................
134,121
5,498,961
BOK
Financial
Corp.
........................
34,376
3,150,217
Citizens
Financial
Group,
Inc.
.................
578,492
20,843,067
Commerce
Bancshares,
Inc.
..................
149,865
8,359,470
Cullen/Frost
Bankers,
Inc.
....................
81,690
8,302,155
East
West
Bancorp,
Inc.
.....................
176,900
12,954,387
First
Financial
Bankshares,
Inc.
................
163,442
4,826,442
First
Horizon
Corp.
.........................
695,264
10,964,313
FNB
Corp.
..............................
457,374
6,256,876
Glacier
Bancorp,
Inc.
.......................
144,158
5,379,977
Home
BancShares,
Inc.
.....................
236,852
5,674,974
Huntington
Bancshares,
Inc.
..................
1,842,517
24,284,374
M&T
Bank
Corp.
..........................
167,435
25,342,962
New
York
Community
Bancorp,
Inc.
.............
989,752
3,187,001
Pinnacle
Financial
Partners,
Inc.
................
97,250
7,783,890
Popular,
Inc.
.............................
91,809
8,118,670
Prosperity
Bancshares,
Inc.
...................
121,741
7,443,245
Regions
Financial
Corp.
.....................
1,164,342
23,333,414
SouthState
Corp.
..........................
96,856
7,401,736
Security
Shares
Value
a
Regional
Banks
(continued)
Synovus
Financial
Corp.
.....................
186,177
$
7,482,454
TFS
Financial
Corp.
........................
64,107
809,030
Truist
Financial
Corp.
.......................
1,651,333
64,154,287
UMB
Financial
Corp.
.......................
55,774
4,652,667
United
Bankshares,
Inc.
.....................
171,470
5,562,487
Valley
National
Bancorp
.....................
542,671
3,787,844
Webster
Financial
Corp.
.....................
218,021
9,503,535
Western
Alliance
Bancorp
....................
138,592
8,706,349
Wintrust
Financial
Corp.
.....................
78,511
7,738,044
Zions
Bancorp
NA
.........................
187,721
8,141,460
319,644,288
a
Total
Long-Term Investments
— 99.7%
(Cost:
$
692,343,524
)
................................
551,959,231
a
Short-Term
Securities
Money
Market
Funds
 — 
0
.1
%
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
5.28
%
(a)
(b)
.............................
737,793
737,793
a
Total
Short-Term
Securities — 0.1%
(Cost:
$
737,793
)
...................................
737,793
Total
Investments
99.8%
(Cost:
$
693,081,317
)
................................
552,697,024
Other
Assets
Less
Liabilities
0
.2
%
.....................
1,176,705
Net
Assets
100.0%
.................................
$
553,873,729
(a)
Affiliate
of
the
Fund.
(b)
Annualized
7-day
yield
as
of
period
end.
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
June
30,
2024
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
03/31/24
Purchases
at
Cost
Proceeds
from
Sale
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
06/30/24
  Shares
Held
at
06/30/24
Income
  Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
(a)
......
$
494,860
$
$
(
495,882
)
(b)
$
1,006
$
16
$
$
51
(c)
$
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
.
864,846
(
127,053
)
(b)
737,793
737,793
13,540
$
1,006
$
16
$
737,793
$
13,591
$
(a)
As
of
period
end,
the
entity
is
no
longer
held.
(b)
Represents
net
amount
purchased
(sold).
(c)
All
or
a
portion
represents
securities
lending
income
earned
from
the
reinvestment
of
cash
collateral
from
loaned
securities,
net
of
fees
and
collateral
investment
expenses,
and
other
payments
to
and
from
borrowers
of
securities.
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2024
iShares
®
U.S.
Regional
Banks
ETF
2
Derivative
Financial
Instruments
Outstanding
as
of
Period
End
Fair
Value
Hierarchy
as
of
Period
End
Various
inputs
are
used
in
determining
the
fair
value
of
financial
instruments.
These
inputs
to
valuation
techniques
are
categorized
into
a
fair
value
hierarchy
consisting
of
three
broad
levels
for
financial
reporting
purposes
as
follows:
Level
1
Unadjusted
price
quotations
in
active
markets/exchanges
for
identical
assets
or
liabilities
that
the
Fund
has
the
ability
to
access;
Level
2
Other
observable
inputs
(including,
but
not
limited
to,
quoted
prices
for
similar
assets
or
liabilities
in
markets
that
are
active,
quoted
prices
for
identical
or
similar
assets
or
liabilities
in
markets
that
are
not
active,
inputs
other
than
quoted
prices
that
are
observable
for
the
assets
or
liabilities
(such
as
interest
rates,
yield
curves,
volatilities,
prepayment
speeds,
loss
severities,
credit
risks
and
default
rates)
or
other
market–corroborated
inputs);
and
Level
3
Unobservable
inputs
based
on
the
best
information
available
in
the
circumstances,
to
the
extent
observable
inputs
are
not
available
(including
the
Valuation
Committee’s
assumptions
used
in
determining
the
fair
value
of
financial
instruments).
The
hierarchy
gives
the
highest
priority
to
unadjusted
quoted
prices
in
active
markets
for
identical
assets
or
liabilities
(Level
1
measurements)
and
the
lowest
priority
to
unobservable
inputs
(Level
3
measurements).
Accordingly,
the
degree
of
judgment
exercised
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
The
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
fair
value
hierarchy
classification
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
Investments
classified
within
Level
3
have
significant
unobservable
inputs
used
by
the
Valuation
Committee
in
determining
the
price
for
Fair
Valued
Investments.
Level
3
investments
include
equity
or
debt
issued
by
privately
held
companies
or
funds.
There
may
not
be
a
secondary
market,
and/or
there
are
a
limited
number
of
investors.
The
categorization
of
a
value
determined
for
financial
instruments
is
based
on
the
pricing
transparency
of
the
financial
instruments
and
is
not
necessarily
an
indication
of
the
risks
associated
with
investing
in
those
securities.
For
information
about
the
Fund’s
policy
regarding
valuation
of
financial
instruments,
refer
to
its
most
recent
financial
statements.
The
following
table
summarizes
the
Fund’s
financial
instruments
categorized
in
the
fair
value
hierarchy.
The
breakdown
of
the
Fund’s
financial
instruments
into
major
categories
is
disclosed
in
the
Schedule
of
Investments
above. 
Futures
Contracts
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long
Contracts
E-Mini
Financial
Select
Sector
Index
.........................................................
15
09/20/24
$
1,921
$
22,574
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
.........................................
$
551,959,231
$
$
$
551,959,231
Short-Term
Securities
Money
Market
Funds
......................................
737,793
737,793
$
552,697,024
$
$
$
552,697,024
Derivative
Financial
Instruments
(a)
Assets
Equity
Contracts
...........................................
$
22,574
$
$
$
22,574
a
(a)
Derivative
financial
instruments
are
futures
contracts.
Futures
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.