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        <fairValLevel>1</fairValLevel>
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        <name>NEW FORTRESS ENERGY INC.</name>
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        <name>GREAT LAKES DREDGE &amp; DOCK CORPORATION</name>
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        <name>BOISE CASCADE COMPANY</name>
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        <name>DTE ENERGY COMPANY</name>
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        <name>CARLISLE COMPANIES INCORPORATED</name>
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        <name>PINNACLE WEST CAPITAL CORPORATION</name>
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        <name>EDISON INTERNATIONAL</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>STEEL DYNAMICS, INC.</name>
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        <name>NORTHWEST NATURAL HOLDING COMPANY</name>
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        <name>Stantec Inc.</name>
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        <name>RYERSON HOLDING CORPORATION</name>
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        <name>AMERICAN STATES WATER COMPANY</name>
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        <name>THE GREENBRIER COMPANIES, INC.</name>
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        <curCd>USD</curCd>
        <valUSD>15229006.66000000</valUSD>
        <pctVal>0.577197465677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ECOVYST INC.</name>
        <lei>N/A</lei>
        <title>ECOVYST INC</title>
        <cusip>27923Q109</cusip>
        <identifiers>
          <isin value="US27923Q1094"/>
          <other otherDesc="Internal" value="27923Q109"/>
        </identifiers>
        <balance>1835513.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15106271.99000000</valUSD>
        <pctVal>0.572545675704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CATERPILLAR INC.</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>CATERPILLAR INC</title>
        <cusip>149123101</cusip>
        <identifiers>
          <isin value="US1491231015"/>
          <other otherDesc="Internal" value="149123101"/>
        </identifiers>
        <balance>41517.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16117314.57000000</valUSD>
        <pctVal>0.610865392012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DT MIDSTREAM, INC.</name>
        <lei>N/A</lei>
        <title>DT MIDSTREAM INC</title>
        <cusip>23345M107</cusip>
        <identifiers>
          <isin value="US23345M1071"/>
          <other otherDesc="Internal" value="23345M107"/>
        </identifiers>
        <balance>183014.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20115068.74000000</valUSD>
        <pctVal>0.762385029953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE AZEK COMPANY INC.</name>
        <lei>5493002LDDDU1RX46815</lei>
        <title>AZEK CO INC THE</title>
        <cusip>05478C105</cusip>
        <identifiers>
          <isin value="US05478C1053"/>
          <other otherDesc="Internal" value="05478C105"/>
        </identifiers>
        <balance>277612.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15088212.20000000</valUSD>
        <pctVal>0.571861188183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHWESTERN ENERGY GROUP, INC.</name>
        <lei>254900N1WG46G1VMDM34</lei>
        <title>NORTHWESTERN CORP</title>
        <cusip>668074305</cusip>
        <identifiers>
          <isin value="US6680743050"/>
          <other otherDesc="Internal" value="668074305"/>
        </identifiers>
        <balance>377214.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19351078.20000000</valUSD>
        <pctVal>0.733428879803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XAU UTILITIES SEP25</name>
        <lei>N/A</lei>
        <title>XAU UTILITIES SEP25</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="1XAUU25"/>
          <other otherDesc="INTERNAL" value="IXSU52020"/>
        </identifiers>
        <balance>21.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3199.91000000</valUSD>
        <pctVal>0.000121280394</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Index Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO MERCANTILE EXCHANGE INC</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>E-MINI S&amp;P500-Utilities sector Composite Index Future Sep 2025</indexName>
                <indexIdentifier>1XAUU25</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-09-19</expDate>
            <notionalAmt>1740640.09000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>3199.91000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONSOLIDATED WATER CO. LTD.</name>
        <lei>5299001BMEW8X9VIJA73</lei>
        <title>CONSOLIDATED WATER CO ORD SH</title>
        <cusip>G23773107</cusip>
        <identifiers>
          <isin value="KYG237731073"/>
          <other otherDesc="Internal" value="G23773107"/>
        </identifiers>
        <balance>538777.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16174085.54000000</valUSD>
        <pctVal>0.613017079298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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




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

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort </ncom:signature>
      <ncom:signerName>Chuck Pulsfort </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
