NPORT-EX 2 iShares_Russell_Mid_Cap_ETF.htm PART F
Schedule
of
Investments
(unaudited)
June
30,
2025
iShares
®
Russell
Mid-Cap
ETF
1
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Aerospace
&
Defense
—
2.8%
ATI,
Inc.
(a)
..........................
486,031
$
41,963,916‌
Axon
Enterprise,
Inc.
(a)
(b)
................
259,543
214,886,031‌
BWX
Technologies,
Inc.
................
317,768
45,777,658‌
Curtiss-Wright
Corp.
...................
131,186
64,090,920‌
HEICO
Corp.
.......................
145,264
47,646,592‌
HEICO
Corp.
,
Class
A
..................
264,628
68,472,495‌
Hexcel
Corp.
........................
279,606
15,794,943‌
Howmet
Aerospace,
Inc.
(b)
...............
1,396,142
259,863,910‌
Huntington
Ingalls
Industries,
Inc.
..........
136,069
32,855,221‌
Karman
Holdings,
Inc.
(a)
(b)
...............
90,707
4,568,912‌
L3Harris
Technologies,
Inc.
..............
651,255
163,360,804‌
Leonardo
DRS,
Inc.
...................
258,672
12,023,075‌
Loar
Holdings,
Inc.
(a)
(b)
..................
147,818
12,737,477‌
Rocket
Lab
Corp.
(a)
...................
1,361,815
48,712,123‌
Spirit
AeroSystems
Holdings,
Inc.
,
Class
A
(a)
(b)
..
411,765
15,708,835‌
StandardAero,
Inc.
(a)
(b)
..................
492,748
15,595,474‌
Textron,
Inc.
........................
629,849
50,570,576‌
Woodward,
Inc.
......................
206,607
50,637,310‌
1,165,266,272‌
Air
Freight
&
Logistics
—
0.3%
CH
Robinson
Worldwide,
Inc.
............
408,505
39,196,055‌
Expeditors
International
of
Washington,
Inc.
...
473,616
54,110,628‌
GXO
Logistics,
Inc.
(a)
(b)
.................
398,393
19,401,739‌
112,708,422‌
Automobile
Components
—
0.3%
Aptiv
plc
(a)
(b)
.........................
796,912
54,365,337‌
BorgWarner,
Inc.
.....................
758,667
25,400,171‌
Gentex
Corp.
.......................
784,321
17,247,219‌
Lear
Corp.
.........................
186,876
17,749,482‌
QuantumScape
Corp.
,
Class
A
(a)
(b)
.........
1,425,238
9,577,599‌
124,339,808‌
Automobiles
—
0.5%
Ford
Motor
Co.
......................
13,589,795
147,449,276‌
Harley-Davidson,
Inc.
..................
392,292
9,258,091‌
Lucid
Group,
Inc.
(a)
(b)
...................
4,306,483
9,086,679‌
Rivian
Automotive,
Inc.
,
Class
A
(a)
(b)
.........
2,697,590
37,064,887‌
Thor
Industries,
Inc.
...................
177,582
15,771,057‌
218,629,990‌
Banks
—
2.5%
Bank
OZK
.........................
374,945
17,644,912‌
BOK
Financial
Corp.
...................
79,728
7,783,845‌
Citizens
Financial
Group,
Inc.
............
1,527,512
68,356,162‌
Columbia
Banking
System,
Inc.
...........
729,273
17,050,403‌
Comerica,
Inc.
.......................
458,967
27,377,381‌
Commerce
Bancshares,
Inc.
.............
429,901
26,726,945‌
Cullen/Frost
Bankers,
Inc.
...............
207,172
26,629,889‌
East
West
Bancorp,
Inc.
................
478,397
48,308,529‌
Fifth
Third
Bancorp
...................
2,315,854
95,251,075‌
First
Citizens
BancShares,
Inc.
,
Class
A
(b)
....
34,495
67,488,433‌
First
Hawaiian,
Inc.
...................
439,019
10,957,914‌
First
Horizon
Corp.
....................
1,754,750
37,200,700‌
FNB
Corp.
.........................
1,244,561
18,145,699‌
Huntington
Bancshares,
Inc.
.............
5,029,725
84,298,191‌
KeyCorp
...........................
3,288,664
57,288,527‌
M&T
Bank
Corp.
.....................
568,194
110,223,954‌
Pinnacle
Financial
Partners,
Inc.
...........
264,619
29,216,584‌
Popular,
Inc.
........................
236,569
26,072,269‌
Prosperity
Bancshares,
Inc.
..............
320,616
22,520,068‌
Regions
Financial
Corp.
................
3,124,387
73,485,582‌
SouthState
Corp.
.....................
339,640
31,257,069‌
Synovus
Financial
Corp.
................
489,703
25,342,130‌
Security
Shares
Shares
Value
Banks
(continued)
TFS
Financial
Corp.
...................
177,174
$
2,294,403‌
Webster
Financial
Corp.
................
585,136
31,948,426‌
Western
Alliance
Bancorp
...............
377,619
29,446,730‌
Wintrust
Financial
Corp.
................
230,367
28,560,901‌
Zions
Bancorp
NA
....................
511,086
26,545,807‌
1,047,422,528‌
Beverages
—
0.5%
Boston
Beer
Co.,
Inc.
(The)
,
Class
A
(a)
.......
27,700
5,285,437‌
Brown-Forman
Corp.
,
Class
A
............
161,070
4,424,593‌
Brown-Forman
Corp.
,
Class
B,
NVS
........
507,072
13,645,307‌
Celsius
Holdings,
Inc.
(a)
(b)
................
571,928
26,531,740‌
Coca-Cola
Consolidated,
Inc.
(b)
...........
181,340
20,246,611‌
Constellation
Brands,
Inc.
,
Class
A
.........
453,876
73,836,548‌
Molson
Coors
Beverage
Co.
,
Class
B
.......
585,822
28,172,180‌
Primo
Brands
Corp.
,
Class
A
.............
888,279
26,310,824‌
198,453,240‌
Biotechnology
—
1.8%
(a)
Alnylam
Pharmaceuticals,
Inc.
(b)
...........
434,505
141,687,735‌
Apellis
Pharmaceuticals,
Inc.
.............
381,273
6,599,836‌
Biogen,
Inc.
........................
508,745
63,893,284‌
BioMarin
Pharmaceutical,
Inc.
(b)
...........
660,546
36,310,214‌
Exact
Sciences
Corp.
(b)
.................
649,680
34,523,995‌
Exelixis,
Inc.
(b)
.......................
938,355
41,357,997‌
Halozyme
Therapeutics,
Inc.
(b)
............
424,358
22,075,103‌
Incyte
Corp.
........................
549,968
37,452,821‌
Insmed,
Inc.
........................
620,702
62,467,449‌
Ionis
Pharmaceuticals,
Inc.
(b)
.............
541,010
21,375,305‌
Moderna,
Inc.
.......................
1,231,325
33,972,257‌
Natera,
Inc.
.........................
451,687
76,308,002‌
Neurocrine
Biosciences,
Inc.
(b)
............
336,943
42,350,366‌
Revolution
Medicines,
Inc.
(b)
..............
597,926
21,997,697‌
Roivant
Sciences
Ltd.
(b)
.................
1,324,586
14,928,084‌
Sarepta
Therapeutics,
Inc.
(b)
.............
327,032
5,592,247‌
Summit
Therapeutics,
Inc.
...............
405,139
8,621,358‌
Ultragenyx
Pharmaceutical,
Inc.
(b)
..........
312,075
11,347,047‌
United
Therapeutics
Corp.
...............
156,031
44,835,508‌
Viking
Therapeutics,
Inc.
(b)
...............
380,032
10,070,848‌
737,767,153‌
Broadline
Retail
—
0.7%
Coupang,
Inc.
,
Class
A
(a)
................
4,315,810
129,301,668‌
Dillard's,
Inc.
,
Class
A
(b)
.................
10,651
4,450,307‌
eBay,
Inc.
..........................
1,604,844
119,496,684‌
Etsy,
Inc.
(a)
(b)
........................
358,295
17,972,077‌
Macy's,
Inc.
........................
975,544
11,374,843‌
Ollie's
Bargain
Outlet
Holdings,
Inc.
(a)
(b)
......
212,721
28,032,374‌
310,627,953‌
Building
Products
—
1.2%
A
O
Smith
Corp.
.....................
400,807
26,280,915‌
AAON,
Inc.
.........................
233,684
17,234,195‌
Advanced
Drainage
Systems,
Inc.
.........
245,942
28,248,898‌
Allegion
plc
.........................
300,106
43,251,277‌
Armstrong
World
Industries,
Inc.
...........
149,747
24,324,903‌
AZEK
Co.,
Inc.
(The)
,
Class
A
(a)
...........
491,734
26,725,743‌
Builders
FirstSource,
Inc.
(a)
(b)
.............
388,841
45,373,856‌
Carlisle
Cos.,
Inc.
....................
149,417
55,792,308‌
Fortune
Brands
Innovations,
Inc.
..........
423,590
21,806,413‌
Hayward
Holdings,
Inc.
(a)
(b)
...............
670,886
9,258,227‌
Lennox
International,
Inc.
...............
111,372
63,842,885‌
Masco
Corp.
........................
736,557
47,404,808‌
Owens
Corning
......................
296,063
40,714,584‌
Simpson
Manufacturing
Co.,
Inc.
(b)
.........
146,162
22,700,420‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Russell
Mid-Cap
ETF
2
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Building
Products
(continued)
Trex
Co.,
Inc.
(a)
(b)
.....................
368,958
$
20,063,936‌
493,023,368‌
Capital
Markets
—
5.9%
Affiliated
Managers
Group,
Inc.
...........
97,636
19,211,836‌
Ameriprise
Financial,
Inc.
...............
332,865
177,660,036‌
Ares
Management
Corp.
,
Class
A
..........
656,117
113,639,464‌
Bank
of
New
York
Mellon
Corp.
(The)
.......
2,489,571
226,824,814‌
Blue
Owl
Capital,
Inc.
,
Class
A
............
2,122,530
40,773,801‌
Carlyle
Group,
Inc.
(The)
................
911,792
46,866,109‌
CBOE
Global
Markets,
Inc.
..............
365,133
85,152,667‌
Coinbase
Global,
Inc.
,
Class
A
(a)
...........
717,711
251,550,528‌
Evercore,
Inc.
,
Class
A
.................
128,106
34,591,182‌
FactSet
Research
Systems,
Inc.
...........
132,304
59,176,933‌
Franklin
Resources,
Inc.
................
1,076,080
25,664,508‌
Freedom
Holding
Corp.
(a)
(b)
..............
59,921
8,751,462‌
Hamilton
Lane,
Inc.
,
Class
A
.............
137,715
19,572,056‌
Houlihan
Lokey,
Inc.
,
Class
A
.............
187,334
33,710,753‌
Invesco
Ltd.
........................
1,273,301
20,079,957‌
Janus
Henderson
Group
plc
.............
447,136
17,366,762‌
Jefferies
Financial
Group,
Inc.
............
537,767
29,410,477‌
Lazard,
Inc.
........................
386,524
18,545,422‌
LPL
Financial
Holdings,
Inc.
(b)
............
277,519
104,061,299‌
MarketAxess
Holdings,
Inc.
..............
126,760
28,310,578‌
Morningstar,
Inc.
.....................
81,968
25,732,214‌
MSCI,
Inc.
.........................
261,767
150,971,500‌
Nasdaq,
Inc.
........................
1,441,240
128,875,681‌
Northern
Trust
Corp.
...................
676,034
85,714,351‌
Raymond
James
Financial,
Inc.
...........
640,318
98,205,572‌
Robinhood
Markets,
Inc.
,
Class
A
(a)
(b)
........
2,575,033
241,100,340‌
SEI
Investments
Co.
...................
357,412
32,117,042‌
State
Street
Corp.
....................
1,001,675
106,518,120‌
Stifel
Financial
Corp.
..................
353,348
36,670,455‌
T.
Rowe
Price
Group,
Inc.
...............
767,294
74,043,871‌
TPG,
Inc.
,
Class
A
....................
450,948
23,652,223‌
Tradeweb
Markets,
Inc.
,
Class
A
...........
405,528
59,369,299‌
Virtu
Financial,
Inc.
,
Class
A
..............
286,253
12,821,272‌
XP,
Inc.
,
Class
A
.....................
1,414,413
28,571,143‌
2,465,283,727‌
Chemicals
—
2.1%
Albemarle
Corp.
.....................
408,677
25,611,788‌
Ashland,
Inc.
........................
160,741
8,082,057‌
Axalta
Coating
Systems
Ltd.
(a)
............
761,953
22,622,385‌
Celanese
Corp.
(b)
.....................
386,134
21,364,794‌
CF
Industries
Holdings,
Inc.
..............
578,519
53,223,748‌
Corteva,
Inc.
........................
2,381,691
177,507,430‌
Dow,
Inc.
..........................
2,473,546
65,499,498‌
DuPont
de
Nemours,
Inc.
...............
1,458,593
100,044,894‌
Eastman
Chemical
Co.
.................
403,230
30,105,152‌
Element
Solutions,
Inc.
.................
785,090
17,782,288‌
FMC
Corp.
.........................
432,959
18,076,038‌
Huntsman
Corp.
.....................
556,605
5,799,824‌
International
Flavors
&
Fragrances,
Inc.
......
891,194
65,547,319‌
LyondellBasell
Industries
NV
,
Class
A
.......
900,004
52,074,231‌
Mosaic
Co.
(The)
.....................
1,099,825
40,121,616‌
NewMarket
Corp.
.....................
20,739
14,327,746‌
Olin
Corp.
..........................
402,873
8,093,719‌
PPG
Industries,
Inc.
...................
793,225
90,229,344‌
RPM
International,
Inc.
.................
443,522
48,716,456‌
Scotts
Miracle-Gro
Co.
(The)
.............
150,790
9,946,108‌
Westlake
Corp.
......................
115,177
8,745,390‌
883,521,825‌
Security
Shares
Shares
Value
Commercial
Services
&
Supplies
—
0.7%
Clean
Harbors,
Inc.
(a)
..................
176,414
$
40,783,389‌
MSA
Safety,
Inc.
.....................
128,093
21,459,420‌
RB
Global,
Inc.
(b)
.....................
644,969
68,489,258‌
Rollins,
Inc.
.........................
969,574
54,703,365‌
Tetra
Tech,
Inc.
......................
928,507
33,389,112‌
Veralto
Corp.
........................
829,135
83,701,178‌
302,525,722‌
Communications
Equipment
—
0.4%
Ciena
Corp.
(a)
(b)
......................
490,748
39,912,535‌
F5,
Inc.
(a)
(b)
.........................
199,736
58,786,299‌
Juniper
Networks,
Inc.
.................
1,148,245
45,849,423‌
Lumentum
Holdings,
Inc.
(a)
(b)
.............
241,943
22,999,101‌
Ubiquiti,
Inc.
(b)
.......................
14,284
5,880,009‌
173,427,367‌
Construction
&
Engineering
—
1.2%
AECOM
...........................
461,205
52,051,596‌
API
Group
Corp.
(a)
....................
851,510
43,469,586‌
Comfort
Systems
USA,
Inc.
..............
120,890
64,822,427‌
EMCOR
Group,
Inc.
...................
153,634
82,177,290‌
Everus
Construction
Group,
Inc.
(a)
(b)
........
176,614
11,220,287‌
MasTec,
Inc.
(a)
(b)
......................
216,478
36,894,346‌
Quanta
Services,
Inc.
..................
512,429
193,739,156‌
Valmont
Industries,
Inc.
.................
69,138
22,578,397‌
WillScot
Holdings
Corp.
................
621,829
17,038,115‌
523,991,200‌
Construction
Materials
—
0.6%
Eagle
Materials,
Inc.
(b)
..................
114,515
23,144,627‌
Martin
Marietta
Materials,
Inc.
............
208,737
114,588,263‌
Vulcan
Materials
Co.
..................
459,752
119,912,517‌
257,645,407‌
Consumer
Finance
—
0.6%
Ally
Financial,
Inc.
....................
962,221
37,478,508‌
Credit
Acceptance
Corp.
(a)
(b)
..............
23,843
12,146,339‌
OneMain
Holdings,
Inc.
.................
419,101
23,888,757‌
SLM
Corp.
.........................
737,654
24,187,675‌
SoFi
Technologies,
Inc.
(a)
(b)
..............
3,701,908
67,411,745‌
Synchrony
Financial
...................
1,333,786
89,016,877‌
254,129,901‌
Consumer
Staples
Distribution
&
Retail
—
1.9%
Albertsons
Cos.,
Inc.
,
Class
A
............
1,446,321
31,110,365‌
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
........
454,129
48,968,730‌
Casey's
General
Stores,
Inc.
.............
128,561
65,600,821‌
Dollar
General
Corp.
..................
764,363
87,427,840‌
Dollar
Tree,
Inc.
(a)
(b)
...................
706,389
69,960,767‌
Kroger
Co.
(The)
.....................
2,110,885
151,413,781‌
Maplebear,
Inc.
(a)
.....................
594,664
26,902,599‌
Performance
Food
Group
Co.
(a)
...........
528,943
46,266,644‌
Sprouts
Farmers
Market,
Inc.
(a)
............
338,639
55,753,525‌
Sysco
Corp.
........................
1,688,743
127,905,395‌
US
Foods
Holding
Corp.
(a)
(b)
..............
796,348
61,326,759‌
Walgreens
Boots
Alliance,
Inc.
............
2,480,908
28,480,824‌
801,118,050‌
Containers
&
Packaging
—
1.3%
Amcor
plc
..........................
7,945,841
73,022,279‌
AptarGroup,
Inc.
.....................
226,512
35,433,272‌
Avery
Dennison
Corp.
..................
270,683
47,496,746‌
Ball
Corp.
..........................
986,520
55,333,907‌
Crown
Holdings,
Inc.
..................
402,543
41,453,878‌
Graphic
Packaging
Holding
Co.
(b)
..........
1,039,971
21,912,189‌
International
Paper
Co.
.................
1,823,957
85,415,906‌
Packaging
Corp.
of
America
.............
307,429
57,934,995‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Russell
Mid-Cap
ETF
3
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Containers
&
Packaging
(continued)
Sealed
Air
Corp.
.....................
466,619
$
14,479,188‌
Silgan
Holdings,
Inc.
...................
303,123
16,423,204‌
Smurfit
WestRock
plc
..................
1,811,531
78,167,563‌
Sonoco
Products
Co.
..................
340,700
14,840,892‌
541,914,019‌
Distributors
—
0.3%
Genuine
Parts
Co.
....................
483,179
58,614,445‌
LKQ
Corp.
.........................
904,483
33,474,916‌
Pool
Corp.
.........................
124,978
36,428,587‌
128,517,948‌
Diversified
Consumer
Services
—
0.4%
ADT,
Inc.
..........................
1,249,484
10,583,129‌
Bright
Horizons
Family
Solutions,
Inc.
(a)
......
196,690
24,308,917‌
Duolingo,
Inc.
,
Class
A
(a)
................
130,739
53,605,605‌
Grand
Canyon
Education,
Inc.
(a)
...........
94,607
17,880,723‌
H&R
Block,
Inc.
......................
457,617
25,118,597‌
Service
Corp.
International
..............
482,599
39,283,559‌
170,780,530‌
Diversified
REITs
—
0.1%
WP
Carey,
Inc.
......................
756,026
47,160,902‌
Diversified
Telecommunication
Services
—
0.2%
AST
SpaceMobile,
Inc.
,
Class
A
(a)
(b)
.........
598,760
27,980,055‌
Frontier
Communications
Parent,
Inc.
(a)
......
814,421
29,644,924‌
Iridium
Communications,
Inc.
.............
330,565
9,973,146‌
Liberty
Global
Ltd.
,
Class
A
(a)
.............
552,606
5,531,586‌
Liberty
Global
Ltd.
,
Class
C,
NVS
(a)
(b)
........
516,370
5,323,775‌
78,453,486‌
Electric
Utilities
—
2.7%
Alliant
Energy
Corp.
...................
893,811
54,048,751‌
Edison
International
...................
1,326,608
68,452,973‌
Entergy
Corp.
.......................
1,500,651
124,734,111‌
Evergy,
Inc.
.........................
798,681
55,053,081‌
Eversource
Energy
...................
1,278,201
81,319,148‌
Exelon
Corp.
........................
3,519,397
152,812,218‌
FirstEnergy
Corp.
....................
1,911,983
76,976,436‌
IDACORP,
Inc.
......................
186,452
21,525,883‌
NRG
Energy,
Inc.
.....................
689,654
110,744,639‌
OGE
Energy
Corp.
....................
703,508
31,221,685‌
PG&E
Corp.
........................
7,627,253
106,323,907‌
Pinnacle
West
Capital
Corp.
.............
411,157
36,786,217‌
PPL
Corp.
.........................
2,574,519
87,250,449‌
Xcel
Energy,
Inc.
.....................
2,009,665
136,858,186‌
1,144,107,684‌
Electrical
Equipment
—
1.6%
Acuity,
Inc.
.........................
107,252
31,997,562‌
AMETEK,
Inc.
.......................
801,269
144,997,638‌
Generac
Holdings,
Inc.
(a)
................
203,030
29,075,926‌
Hubbell,
Inc.
........................
186,190
76,041,858‌
nVent
Electric
plc
.....................
567,189
41,546,594‌
Regal
Rexnord
Corp.
..................
229,657
33,291,079‌
Rockwell
Automation,
Inc.
...............
393,832
130,819,176‌
Sensata
Technologies
Holding
plc
..........
503,556
15,162,071‌
Vertiv
Holdings
Co.
,
Class
A
(b)
............
1,323,364
169,933,171‌
672,865,075‌
Electronic
Equipment,
Instruments
&
Components
—
2.1%
Arrow
Electronics,
Inc.
(a)
(b)
...............
179,818
22,914,208‌
Avnet,
Inc.
.........................
300,486
15,949,797‌
CDW
Corp.
.........................
458,559
81,894,052‌
Cognex
Corp.
.......................
582,454
18,475,441‌
Coherent
Corp.
(a)
.....................
532,293
47,485,858‌
Security
Shares
Shares
Value
Electronic
Equipment,
Instruments
&
Components
(continued)
Corning,
Inc.
........................
2,720,810
$
143,087,398‌
Crane
NXT
Co.
(b)
.....................
170,493
9,189,573‌
Flex
Ltd.
(a)
..........................
1,319,681
65,878,475‌
Ingram
Micro
Holding
Corp.
(b)
.............
75,678
1,577,129‌
IPG
Photonics
Corp.
(a)
(b)
................
84,066
5,771,131‌
Jabil,
Inc.
(b)
.........................
367,252
80,097,661‌
Keysight
Technologies,
Inc.
(a)
.............
599,094
98,167,543‌
Littelfuse,
Inc.
.......................
85,511
19,387,909‌
Ralliant
Corp.
(a)
......................
393,622
19,086,713‌
TD
SYNNEX
Corp.
....................
273,900
37,168,230‌
Teledyne
Technologies,
Inc.
(a)
.............
162,125
83,058,259‌
Trimble,
Inc.
(a)
.......................
831,532
63,179,801‌
Vontier
Corp.
(b)
......................
519,308
19,162,465‌
Zebra
Technologies
Corp.
,
Class
A
(a)
........
177,024
54,587,121‌
886,118,764‌
Energy
Equipment
&
Services
—
0.6%
Baker
Hughes
Co.
,
Class
A
..............
3,457,246
132,550,812‌
Halliburton
Co.
......................
2,998,714
61,113,791‌
NOV,
Inc.
..........................
1,315,565
16,352,473‌
TechnipFMC
plc
......................
1,446,588
49,820,491‌
Weatherford
International
plc
.............
247,840
12,468,830‌
272,306,397‌
Entertainment
—
2.1%
Electronic
Arts,
Inc.
...................
907,571
144,939,089‌
Liberty
Media
Corp.-Liberty
Formula
One
,
Class
A
(a)
............................
78,369
7,441,920‌
Liberty
Media
Corp.-Liberty
Formula
One
,
Class
C,
NVS
(a)
(b)
.......................
726,835
75,954,258‌
Liberty
Media
Corp.-Liberty
Live
,
Class
A
(a)
....
72,684
5,776,924‌
Liberty
Media
Corp.-Liberty
Live
,
Class
C,
NVS
(a)
(b)
.........................
160,284
13,008,650‌
Live
Nation
Entertainment,
Inc.
(a)
(b)
.........
550,982
83,352,557‌
Madison
Square
Garden
Sports
Corp.
(a)
......
55,397
11,575,203‌
ROBLOX
Corp.
,
Class
A
(a)
(b)
..............
1,961,025
206,299,830‌
Roku,
Inc.
,
Class
A
(a)
..................
450,104
39,559,641‌
Take-Two
Interactive
Software,
Inc.
(a)
(b)
......
623,014
151,298,950‌
TKO
Group
Holdings,
Inc.
,
Class
A
(b)
........
239,249
43,531,355‌
Warner
Bros
Discovery,
Inc.
(a)
............
7,751,201
88,828,763‌
871,567,140‌
Financial
Services
—
1.9%
Affirm
Holdings,
Inc.
,
Class
A
(a)
(b)
...........
933,727
64,557,885‌
Block,
Inc.
,
Class
A
(a)
(b)
.................
1,894,364
128,684,146‌
Corpay,
Inc.
(a)
.......................
237,007
78,643,663‌
Equitable
Holdings,
Inc.
................
973,327
54,603,645‌
Euronet
Worldwide,
Inc.
(a)
(b)
..............
142,010
14,396,974‌
Fidelity
National
Information
Services,
Inc.
....
1,833,695
149,281,110‌
Global
Payments,
Inc.
.................
850,469
68,071,539‌
Jack
Henry
&
Associates,
Inc.
............
252,529
45,498,150‌
MGIC
Investment
Corp.
................
816,746
22,738,208‌
Mr
Cooper
Group,
Inc.
(a)
................
217,807
32,498,982‌
Rocket
Cos.,
Inc.
,
Class
A
(b)
..............
803,927
11,399,685‌
Shift4
Payments,
Inc.
,
Class
A
(a)
(b)
..........
230,752
22,869,831‌
Toast,
Inc.
,
Class
A
(a)
(b)
.................
1,573,448
69,688,012‌
UWM
Holdings
Corp.
,
Class
A
............
550,493
2,279,041‌
Voya
Financial,
Inc.
...................
336,565
23,896,115‌
Western
Union
Co.
(The)
...............
770,930
6,491,230‌
WEX,
Inc.
(a)
(b)
........................
119,003
17,480,351‌
813,078,567‌
Food
Products
—
2.0%
Archer-Daniels-Midland
Co.
..............
1,663,520
87,800,586‌
Bunge
Global
SA
.....................
462,992
37,168,998‌
Campbell's
Co.
(The)
..................
681,956
20,901,951‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Russell
Mid-Cap
ETF
4
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Food
Products
(continued)
Conagra
Brands,
Inc.
..................
1,657,220
$
33,923,293‌
Darling
Ingredients,
Inc.
(a)
...............
543,850
20,633,669‌
Flowers
Foods,
Inc.
...................
640,512
10,235,382‌
Freshpet,
Inc.
(a)
......................
166,318
11,302,971‌
General
Mills,
Inc.
....................
1,913,957
99,162,112‌
Hershey
Co.
(The)
....................
506,579
84,066,785‌
Hormel
Foods
Corp.
...................
1,006,409
30,443,872‌
Ingredion,
Inc.
.......................
222,683
30,200,269‌
J
M
Smucker
Co.
(The)
.................
360,411
35,392,360‌
Kellanova
..........................
966,599
76,873,619‌
Kraft
Heinz
Co.
(The)
..................
2,951,249
76,201,249‌
Lamb
Weston
Holdings,
Inc.
.............
474,282
24,591,522‌
McCormick
&
Co.,
Inc.
(Non-Voting)
,
NVS
....
880,355
66,748,516‌
Pilgrim's
Pride
Corp.
...................
143,305
6,445,859‌
Post
Holdings,
Inc.
(a)
...................
174,094
18,981,469‌
Seaboard
Corp.
(b)
.....................
897
2,566,496‌
Smithfield
Foods,
Inc.
..................
79,689
1,875,082‌
Tyson
Foods,
Inc.
,
Class
A
..............
971,111
54,323,949‌
829,840,009‌
Gas
Utilities
—
0.4%
Atmos
Energy
Corp.
...................
550,809
84,885,175‌
MDU
Resources
Group,
Inc.
.............
705,952
11,768,220‌
National
Fuel
Gas
Co.
.................
310,119
26,270,181‌
UGI
Corp.
..........................
749,244
27,287,466‌
150,211,042‌
Ground
Transportation
—
0.8%
Avis
Budget
Group,
Inc.
(a)
...............
58,620
9,909,711‌
JB
Hunt
Transport
Services,
Inc.
..........
277,812
39,893,803‌
Knight-Swift
Transportation
Holdings,
Inc.
....
544,797
24,096,371‌
Landstar
System,
Inc.
..................
117,676
16,359,318‌
Lyft,
Inc.
,
Class
A
(a)
....................
1,384,212
21,815,181‌
Old
Dominion
Freight
Line,
Inc.
...........
647,390
105,071,397‌
Ryder
System,
Inc.
....................
141,319
22,469,721‌
Saia,
Inc.
(a)
.........................
94,119
25,787,665‌
Schneider
National,
Inc.
,
Class
B
..........
166,096
4,011,219‌
U-Haul
Holding
Co.
(a)
(b)
.................
23,312
1,411,775‌
U-Haul
Holding
Co.
,
NVS
(b)
..............
354,385
19,267,912‌
XPO,
Inc.
(a)
(b)
........................
399,069
50,398,424‌
340,492,497‌
Health
Care
Equipment
&
Supplies
—
2.6%
Align
Technology,
Inc.
(a)
.................
238,263
45,110,334‌
Baxter
International,
Inc.
................
1,782,424
53,971,799‌
Cooper
Cos.,
Inc.
(The)
(a)
...............
694,874
49,447,234‌
Dentsply
Sirona,
Inc.
..................
686,817
10,906,654‌
Dexcom,
Inc.
(a)
......................
1,360,405
118,749,753‌
Envista
Holdings
Corp.
(a)
(b)
...............
574,596
11,227,606‌
GE
HealthCare
Technologies,
Inc.
.........
1,593,379
118,021,583‌
Globus
Medical,
Inc.
,
Class
A
(a)
(b)
..........
389,346
22,979,201‌
Hologic,
Inc.
(a)
.......................
776,071
50,568,786‌
IDEXX
Laboratories,
Inc.
(a)
(b)
.............
280,539
150,464,287‌
Inspire
Medical
Systems,
Inc.
(a)
(b)
..........
99,225
12,876,428‌
Insulet
Corp.
(a)
.......................
243,961
76,647,667‌
Masimo
Corp.
(a)
......................
156,614
26,345,607‌
Penumbra,
Inc.
(a)
.....................
130,053
33,375,501‌
ResMed,
Inc.
.......................
507,544
130,946,352‌
Solventum
Corp.
(a)
....................
483,966
36,703,981‌
STERIS
plc
.........................
341,991
82,153,078‌
Teleflex,
Inc.
........................
155,334
18,385,332‌
Zimmer
Biomet
Holdings,
Inc.
............
689,698
62,907,355‌
1,111,788,538‌
Security
Shares
Shares
Value
Health
Care
Providers
&
Services
—
2.3%
Acadia
Healthcare
Co.,
Inc.
(a)
.............
322,722
$
7,322,562‌
Amedisys,
Inc.
(a)
.....................
108,492
10,674,528‌
Cardinal
Health,
Inc.
...................
840,520
141,207,360‌
Cencora,
Inc.
.......................
636,550
190,869,518‌
Centene
Corp.
(a)
.....................
1,733,916
94,116,960‌
Chemed
Corp.
.......................
49,134
23,924,819‌
DaVita,
Inc.
(a)
(b)
......................
133,364
18,997,702‌
Encompass
Health
Corp.
...............
346,228
42,457,940‌
Henry
Schein,
Inc.
(a)
(b)
..................
381,407
27,861,781‌
Humana,
Inc.
.......................
420,860
102,891,853‌
Labcorp
Holdings,
Inc.
.................
290,451
76,246,292‌
Molina
Healthcare,
Inc.
(a)
................
187,275
55,789,222‌
Quest
Diagnostics,
Inc.
.................
387,617
69,627,642‌
Tenet
Healthcare
Corp.
(a)
................
319,233
56,185,008‌
Universal
Health
Services,
Inc.
,
Class
B
.....
191,450
34,681,167‌
952,854,354‌
Health
Care
REITs
—
0.6%
Alexandria
Real
Estate
Equities,
Inc.
........
595,479
43,249,640‌
Healthcare
Realty
Trust,
Inc.
,
Class
A
.......
1,136,328
18,022,162‌
Healthpeak
Properties,
Inc.
..............
2,417,629
42,332,684‌
Medical
Properties
Trust,
Inc.
(b)
............
1,730,168
7,457,024‌
Omega
Healthcare
Investors,
Inc.
..........
998,521
36,595,795‌
Ventas,
Inc.
........................
1,516,641
95,775,879‌
243,433,184‌
Health
Care
Technology
—
0.4%
(a)
Certara,
Inc.
(b)
.......................
425,977
4,983,931‌
Doximity,
Inc.
,
Class
A
(b)
................
454,156
27,857,929‌
Veeva
Systems,
Inc.
,
Class
A
.............
513,323
147,826,757‌
180,668,617‌
Hotel
&
Resort
REITs
—
0.1%
Host
Hotels
&
Resorts,
Inc.
..............
2,396,494
36,810,148‌
Park
Hotels
&
Resorts,
Inc.
..............
698,052
7,141,072‌
43,951,220‌
Hotels,
Restaurants
&
Leisure
—
4.3%
Aramark
...........................
916,972
38,393,618‌
Boyd
Gaming
Corp.
...................
204,496
15,997,722‌
Caesars
Entertainment,
Inc.
(a)
(b)
...........
715,359
20,309,042‌
Carnival
Corp.
(a)
(b)
.....................
3,759,376
105,713,653‌
Cava
Group,
Inc.
(a)
(b)
...................
345,812
29,127,745‌
Choice
Hotels
International,
Inc.
(b)
..........
93,624
11,879,013‌
Churchill
Downs,
Inc.
..................
226,646
22,891,246‌
Darden
Restaurants,
Inc.
...............
406,419
88,587,149‌
Domino's
Pizza,
Inc.
...................
110,248
49,677,749‌
DraftKings,
Inc.
,
Class
A
(a)
(b)
..............
1,671,291
71,681,671‌
Dutch
Bros,
Inc.
,
Class
A
(a)
(b)
.............
401,962
27,482,142‌
Expedia
Group,
Inc.
...................
421,007
71,015,461‌
Flutter
Entertainment
plc
(a)
(b)
..............
608,838
173,981,547‌
Hilton
Worldwide
Holdings,
Inc.
(b)
..........
811,205
216,056,340‌
Hyatt
Hotels
Corp.
,
Class
A
(b)
.............
140,801
19,662,860‌
Las
Vegas
Sands
Corp.
................
1,116,951
48,598,538‌
Light
&
Wonder,
Inc.
,
Class
A
(a)
(b)
..........
288,647
27,785,160‌
MGM
Resorts
International
(a)
(b)
............
714,964
24,587,612‌
Norwegian
Cruise
Line
Holdings
Ltd.
(a)
(b)
.....
1,562,044
31,678,252‌
Penn
Entertainment,
Inc.
(a)
(b)
.............
506,907
9,058,428‌
Planet
Fitness,
Inc.
,
Class
A
(a)
............
291,834
31,824,498‌
Restaurant
Brands
International,
Inc.
........
1,124,617
74,550,861‌
Royal
Caribbean
Cruises
Ltd.
............
877,781
274,868,342‌
Texas
Roadhouse,
Inc.
.................
229,550
43,019,965‌
Travel
+
Leisure
Co.
...................
225,866
11,656,944‌
Vail
Resorts,
Inc.
.....................
125,400
19,704,102‌
Viking
Holdings
Ltd.
(a)
..................
699,050
37,252,374‌
Wendy's
Co.
(The)
....................
574,435
6,560,048‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Russell
Mid-Cap
ETF
5
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Hotels,
Restaurants
&
Leisure
(continued)
Wingstop,
Inc.
.......................
96,521
$
32,502,482‌
Wyndham
Hotels
&
Resorts,
Inc.
..........
264,735
21,499,129‌
Wynn
Resorts
Ltd.
....................
291,724
27,325,787‌
Yum!
Brands,
Inc.
....................
968,567
143,522,258‌
1,828,451,738‌
Household
Durables
—
1.6%
DR
Horton,
Inc.
......................
955,517
123,185,252‌
Garmin
Ltd.
.........................
566,738
118,289,555‌
Lennar
Corp.
,
Class
A
..................
790,227
87,407,009‌
Lennar
Corp.
,
Class
B
.................
39,593
4,167,163‌
Mohawk
Industries,
Inc.
(a)
(b)
..............
178,416
18,705,133‌
Newell
Brands,
Inc.
...................
1,462,373
7,896,814‌
NVR,
Inc.
(a)
.........................
9,676
71,463,646‌
PulteGroup,
Inc.
.....................
696,671
73,470,924‌
SharkNinja,
Inc.
(a)
.....................
244,397
24,192,859‌
Somnigroup
International,
Inc.
............
703,412
47,867,186‌
Toll
Brothers,
Inc.
.....................
344,293
39,294,160‌
TopBuild
Corp.
(a)
(b)
....................
101,528
32,868,675‌
Whirlpool
Corp.
......................
186,283
18,892,822‌
667,701,198‌
Household
Products
—
0.3%
Church
&
Dwight
Co.,
Inc.
...............
855,016
82,175,588‌
Clorox
Co.
(The)
.....................
429,015
51,511,831‌
Reynolds
Consumer
Products,
Inc.
.........
192,882
4,131,532‌
137,818,951‌
Independent
Power
and
Renewable
Electricity
Producers
—
0.8%
AES
Corp.
(The)
.....................
2,475,198
26,039,083‌
Brookfield
Renewable
Corp.
(b)
............
473,236
15,512,676‌
Clearway
Energy,
Inc.
,
Class
A
............
122,076
3,694,020‌
Clearway
Energy,
Inc.
,
Class
C
...........
282,788
9,049,216‌
Talen
Energy
Corp.
(a)
(b)
.................
157,524
45,803,253‌
Vistra
Corp.
(b)
.......................
1,177,212
228,155,458‌
328,253,706‌
Industrial
REITs
—
0.3%
Americold
Realty
Trust,
Inc.
..............
987,082
16,415,174‌
EastGroup
Properties,
Inc.
..............
179,276
29,960,605‌
First
Industrial
Realty
Trust,
Inc.
...........
445,161
21,425,599‌
Lineage,
Inc.
(b)
.......................
241,530
10,511,386‌
Rexford
Industrial
Realty,
Inc.
............
817,908
29,092,987‌
STAG
Industrial,
Inc.
..................
648,792
23,538,174‌
130,943,925‌
Insurance
—
4.2%
Allstate
Corp.
(The)
...................
917,746
184,751,447‌
American
Financial
Group,
Inc.
...........
236,356
29,830,491‌
Arch
Capital
Group
Ltd.
................
1,268,924
115,535,530‌
Assurant,
Inc.
.......................
181,055
35,756,552‌
Assured
Guaranty
Ltd.
.................
166,877
14,534,987‌
Axis
Capital
Holdings
Ltd.
...............
272,019
28,241,013‌
Brighthouse
Financial,
Inc.
(a)
.............
216,377
11,634,591‌
Brown
&
Brown,
Inc.
...................
963,318
106,803,067‌
Cincinnati
Financial
Corp.
...............
535,720
79,779,422‌
CNA
Financial
Corp.
...................
90,282
4,200,822‌
Everest
Group
Ltd.
....................
146,048
49,634,413‌
Fidelity
National
Financial,
Inc.
,
Class
A
......
905,031
50,736,038‌
First
American
Financial
Corp.
............
346,656
21,281,212‌
Globe
Life,
Inc.
......................
294,724
36,631,246‌
Hanover
Insurance
Group,
Inc.
(The)
.......
128,293
21,793,132‌
Hartford
Insurance
Group,
Inc.
(The)
........
987,130
125,237,183‌
Kemper
Corp.
.......................
216,526
13,974,588‌
Kinsale
Capital
Group,
Inc.
(b)
.............
77,046
37,282,559‌
Lincoln
National
Corp.
.................
489,910
16,950,886‌
Loews
Corp.
(b)
.......................
594,220
54,466,205‌
Security
Shares
Shares
Value
Insurance
(continued)
Markel
Group,
Inc.
(a)
(b)
..................
43,327
$
86,539,617‌
Old
Republic
International
Corp.
...........
819,972
31,519,724‌
Primerica,
Inc.
.......................
117,802
32,238,873‌
Principal
Financial
Group,
Inc.
............
784,696
62,328,403‌
Prudential
Financial,
Inc.
................
1,242,641
133,509,349‌
Reinsurance
Group
of
America,
Inc.
........
230,216
45,665,646‌
RenaissanceRe
Holdings
Ltd.
............
166,138
40,354,920‌
RLI
Corp.
..........................
289,788
20,928,489‌
Ryan
Specialty
Holdings,
Inc.
,
Class
A
.......
369,609
25,129,716‌
Unum
Group
........................
613,985
49,585,429‌
White
Mountains
Insurance
Group
Ltd.
(b)
.....
8,902
15,985,499‌
Willis
Towers
Watson
plc
................
344,686
105,646,259‌
WR
Berkley
Corp.
....................
1,056,064
77,589,022‌
1,766,076,330‌
Interactive
Media
&
Services
—
0.4%
IAC,
Inc.
(a)
(b)
........................
227,059
8,478,383‌
Match
Group,
Inc.
....................
852,018
26,318,836‌
Pinterest,
Inc.
,
Class
A
(a)
(b)
...............
2,053,029
73,621,620‌
Reddit,
Inc.
,
Class
A
(a)
(b)
.................
405,276
61,022,407‌
Trump
Media
&
Technology
Group
Corp.
(a)
(b)
...
359,687
6,488,754‌
ZoomInfo
Technologies,
Inc.
(a)
............
1,031,281
10,436,564‌
186,366,564‌
IT
Services
—
2.3%
Akamai
Technologies,
Inc.
(a)
..............
499,594
39,847,617‌
Amdocs
Ltd.
........................
388,927
35,485,699‌
Cloudflare,
Inc.
,
Class
A
(a)
(b)
..............
1,074,133
210,347,465‌
Cognizant
Technology
Solutions
Corp.
,
Class
A
.
1,720,100
134,219,403‌
DXC
Technology
Co.
(a)
.................
622,627
9,519,967‌
EPAM
Systems,
Inc.
(a)
..................
190,582
33,698,709‌
Gartner,
Inc.
(a)
.......................
260,706
105,382,579‌
Globant
SA
(a)
........................
150,440
13,665,970‌
GoDaddy,
Inc.
,
Class
A
(a)
................
478,825
86,217,230‌
Kyndryl
Holdings,
Inc.
(a)
.................
809,632
33,972,159‌
MongoDB,
Inc.
,
Class
A
(a)
...............
274,383
57,617,686‌
Okta,
Inc.
,
Class
A
(a)
(b)
..................
573,442
57,326,997‌
Twilio,
Inc.
,
Class
A
(a)
(b)
.................
492,266
61,218,200‌
VeriSign,
Inc.
.......................
278,100
80,315,280‌
958,834,961‌
Leisure
Products
—
0.2%
Brunswick
Corp.
.....................
228,181
12,604,719‌
Hasbro,
Inc.
........................
462,326
34,128,905‌
Mattel,
Inc.
(a)
........................
1,121,224
22,110,537‌
YETI
Holdings,
Inc.
(a)
(b)
.................
283,627
8,939,923‌
77,784,084‌
Life
Sciences
Tools
&
Services
—
1.8%
Agilent
Technologies,
Inc.
...............
991,596
117,018,244‌
Avantor,
Inc.
(a)
(b)
......................
2,300,990
30,971,325‌
Bio-Rad
Laboratories,
Inc.
,
Class
A
(a)
(b)
......
66,778
16,114,867‌
Bio-Techne
Corp.
.....................
545,248
28,053,010‌
Bruker
Corp.
........................
359,793
14,823,472‌
Charles
River
Laboratories
International,
Inc.
(a)
.
169,708
25,749,795‌
Illumina,
Inc.
(a)
(b)
......................
550,086
52,483,705‌
IQVIA
Holdings,
Inc.
(a)
..................
610,205
96,162,206‌
Medpace
Holdings,
Inc.
(a)
(b)
..............
78,935
24,774,539‌
Mettler-Toledo
International,
Inc.
(a)
(b)
........
72,403
85,053,252‌
QIAGEN
NV
(a)
.......................
741,321
35,627,887‌
Repligen
Corp.
(a)
(b)
....................
183,417
22,813,406‌
Revvity,
Inc.
(b)
.......................
418,287
40,456,719‌
Sotera
Health
Co.
(a)
(b)
..................
534,619
5,944,963‌
Tempus
AI,
Inc.
(a)
(b)
....................
286,155
18,182,289‌
Waters
Corp.
(a)
(b)
.....................
207,180
72,314,107‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Russell
Mid-Cap
ETF
6
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Life
Sciences
Tools
&
Services
(continued)
West
Pharmaceutical
Services,
Inc.
........
248,981
$
54,477,043‌
741,020,829‌
Machinery
—
3.7%
AGCO
Corp.
........................
214,965
22,175,789‌
Allison
Transmission
Holdings,
Inc.
.........
297,480
28,257,625‌
CNH
Industrial
NV
....................
3,100,651
40,184,437‌
Crane
Co.
..........................
171,077
32,485,811‌
Cummins,
Inc.
.......................
479,523
157,043,782‌
Donaldson
Co.,
Inc.
...................
413,972
28,708,958‌
Dover
Corp.
........................
473,133
86,692,160‌
Esab
Corp.
(b)
........................
198,609
23,942,315‌
Flowserve
Corp.
.....................
454,704
23,803,754‌
Fortive
Corp.
........................
1,180,865
61,558,492‌
Gates
Industrial
Corp.
plc
(a)
(b)
.............
878,587
20,233,859‌
Graco,
Inc.
.........................
571,906
49,166,759‌
IDEX
Corp.
.........................
263,510
46,264,451‌
Ingersoll
Rand,
Inc.
(b)
..................
1,405,414
116,902,336‌
ITT,
Inc.
...........................
281,130
44,089,618‌
Lincoln
Electric
Holdings,
Inc.
............
188,984
39,180,163‌
Middleby
Corp.
(The)
(a)
(b)
................
175,761
25,309,584‌
Mueller
Industries,
Inc.
.................
374,626
29,771,528‌
Nordson
Corp.
.......................
187,942
40,289,127‌
Oshkosh
Corp.
......................
222,953
25,314,084‌
Otis
Worldwide
Corp.
..................
1,375,236
136,175,869‌
Pentair
plc
.........................
570,615
58,579,336‌
RBC
Bearings,
Inc.
(a)
..................
107,491
41,362,537‌
Snap-on,
Inc.
.......................
178,684
55,602,887‌
Stanley
Black
&
Decker,
Inc.
.............
538,524
36,485,001‌
Timken
Co.
(The)
.....................
219,366
15,915,003‌
Toro
Co.
(The)
.......................
347,826
24,584,342‌
Westinghouse
Air
Brake
Technologies
Corp.
...
591,449
123,819,848‌
Xylem,
Inc.
.........................
846,671
109,525,361‌
1,543,424,816‌
Marine
Transportation
—
0.1%
Kirby
Corp.
(a)
(b)
.......................
196,556
22,291,416‌
Media
—
1.4%
Charter
Communications,
Inc.
,
Class
A
(a)
(b)
....
315,716
129,067,858‌
DoubleVerify
Holdings,
Inc.
(a)
.............
468,319
7,010,735‌
Fox
Corp.
,
Class
A,
NVS
................
751,207
42,097,640‌
Fox
Corp.
,
Class
B
....................
463,730
23,942,380‌
Interpublic
Group
of
Cos.,
Inc.
(The)
........
1,295,613
31,716,606‌
Liberty
Broadband
Corp.
,
Class
A
(a)
.........
60,254
5,894,046‌
Liberty
Broadband
Corp.
,
Class
C,
NVS
(a)
....
386,894
38,062,632‌
New
York
Times
Co.
(The)
,
Class
A
.........
555,418
31,092,300‌
News
Corp.
,
Class
A,
NVS
..............
1,312,668
39,012,493‌
News
Corp.
,
Class
B
(b)
.................
393,594
13,504,210‌
Nexstar
Media
Group,
Inc.
...............
99,370
17,186,042‌
Omnicom
Group,
Inc.
..................
676,527
48,669,352‌
Paramount
Global
,
Class
A
(b)
.............
30,971
710,785‌
Paramount
Global
,
Class
B,
NVS
..........
2,050,438
26,450,650‌
Sirius
XM
Holdings,
Inc.
................
657,294
15,098,043‌
Trade
Desk,
Inc.
(The)
,
Class
A
(a)
(b)
.........
1,552,736
111,781,465‌
581,297,237‌
Metals
&
Mining
—
1.1%
Alcoa
Corp.
.........................
897,006
26,470,647‌
Anglogold
Ashanti
plc
..................
1,749,782
79,737,566‌
Carpenter
Technology
Corp.
(b)
............
166,772
46,092,446‌
Cleveland-Cliffs,
Inc.
(a)
(b)
................
1,678,282
12,754,943‌
MP
Materials
Corp.
,
Class
A
(a)
(b)
...........
420,156
13,978,590‌
Nucor
Corp.
........................
799,695
103,592,490‌
Reliance,
Inc.
.......................
182,963
57,432,086‌
Royal
Gold,
Inc.
......................
228,499
40,636,262‌
Security
Shares
Shares
Value
Metals
&
Mining
(continued)
Steel
Dynamics,
Inc.
...................
489,907
$
62,712,995‌
443,408,025‌
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.3%
AGNC
Investment
Corp.
................
3,294,950
30,280,590‌
Annaly
Capital
Management,
Inc.
..........
2,038,889
38,371,891‌
Rithm
Capital
Corp.
...................
1,885,730
21,289,892‌
Starwood
Property
Trust,
Inc.
.............
1,118,232
22,442,916‌
112,385,289‌
Multi-Utilities
—
1.9%
Ameren
Corp.
.......................
939,092
90,190,396‌
CenterPoint
Energy,
Inc.
................
2,268,365
83,339,730‌
CMS
Energy
Corp.
....................
1,036,224
71,789,599‌
Consolidated
Edison,
Inc.
...............
1,253,213
125,759,924‌
DTE
Energy
Co.
.....................
721,943
95,628,570‌
NiSource,
Inc.
.......................
1,638,004
66,077,081‌
Public
Service
Enterprise
Group,
Inc.
.......
1,738,143
146,316,878‌
WEC
Energy
Group,
Inc.
................
1,112,869
115,960,950‌
795,063,128‌
Office
REITs
—
0.2%
BXP,
Inc.
..........................
551,738
37,225,763‌
Cousins
Properties,
Inc.
................
575,992
17,297,040‌
Highwoods
Properties,
Inc.
..............
365,819
11,373,312‌
Kilroy
Realty
Corp.
....................
407,426
13,978,786‌
Vornado
Realty
Trust
..................
614,829
23,511,061‌
103,385,962‌
Oil,
Gas
&
Consumable
Fuels
—
5.3%
Antero
Midstream
Corp.
................
1,174,913
22,264,601‌
Antero
Resources
Corp.
(a)
...............
1,005,991
40,521,318‌
APA
Corp.
.........................
1,241,699
22,710,675‌
Cheniere
Energy,
Inc.
..................
768,187
187,068,898‌
Chord
Energy
Corp.
...................
208,369
20,180,538‌
Civitas
Resources,
Inc.
.................
322,766
8,882,520‌
Coterra
Energy,
Inc.
...................
2,605,872
66,137,031‌
Devon
Energy
Corp.
...................
2,169,776
69,020,575‌
Diamondback
Energy,
Inc.
...............
664,365
91,283,751‌
DT
Midstream,
Inc.
....................
352,521
38,745,583‌
EQT
Corp.
.........................
2,072,894
120,891,178‌
Expand
Energy
Corp.
..................
764,986
89,457,463‌
Hess
Corp.
.........................
982,503
136,115,966‌
HF
Sinclair
Corp.
.....................
548,079
22,515,085‌
Kinder
Morgan,
Inc.
...................
6,772,169
199,101,769‌
Marathon
Petroleum
Corp.
..............
1,082,593
179,829,523‌
Matador
Resources
Co.
................
406,943
19,419,320‌
Occidental
Petroleum
Corp.
..............
2,326,942
97,754,833‌
ONEOK,
Inc.
........................
2,175,678
177,600,595‌
Ovintiv,
Inc.
.........................
907,265
34,521,433‌
Permian
Resources
Corp.
,
Class
A
.........
2,241,082
30,523,537‌
Phillips
66
..........................
1,415,613
168,882,631‌
Range
Resources
Corp.
................
819,713
33,337,728‌
Targa
Resources
Corp.
.................
747,458
130,117,489‌
Texas
Pacific
Land
Corp.
................
66,998
70,776,017‌
Valero
Energy
Corp.
...................
1,082,991
145,575,650‌
Viper
Energy,
Inc.
,
Class
A
..............
452,584
17,257,028‌
2,240,492,735‌
Paper
&
Forest
Products
—
0.0%
Louisiana-Pacific
Corp.
.................
217,565
18,708,414‌
Passenger
Airlines
—
0.7%
Alaska
Air
Group,
Inc.
(a)
.................
423,609
20,960,173‌
American
Airlines
Group,
Inc.
(a)
(b)
..........
2,279,637
25,577,527‌
Delta
Air
Lines,
Inc.
...................
2,270,491
111,662,747‌
Southwest
Airlines
Co.
.................
1,778,267
57,686,982‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Russell
Mid-Cap
ETF
7
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Passenger
Airlines
(continued)
United
Airlines
Holdings,
Inc.
(a)
(b)
...........
1,133,236
$
90,239,583‌
306,127,012‌
Personal
Care
Products
—
0.6%
BellRing
Brands,
Inc.
(a)
(b)
................
439,516
25,461,162‌
Coty,
Inc.
,
Class
A
(a)
...................
1,188,928
5,528,515‌
elf
Beauty,
Inc.
(a)
(b)
....................
191,315
23,807,239‌
Estee
Lauder
Cos.,
Inc.
(The)
,
Class
A
......
811,751
65,589,481‌
Kenvue,
Inc.
........................
6,615,821
138,469,133‌
258,855,530‌
Pharmaceuticals
—
0.4%
Corcept
Therapeutics,
Inc.
(a)
.............
325,571
23,896,911‌
Elanco
Animal
Health,
Inc.
(a)
(b)
............
1,713,265
24,465,424‌
Jazz
Pharmaceuticals
plc
(a)
..............
206,881
21,954,212‌
Organon
&
Co.
......................
921,461
8,919,743‌
Perrigo
Co.
plc
......................
471,339
12,594,178‌
Royalty
Pharma
plc
,
Class
A
.............
1,365,904
49,213,521‌
Viatris,
Inc.
.........................
4,130,258
36,883,204‌
177,927,193‌
Professional
Services
—
2.7%
Amentum
Holdings,
Inc.
(a)
(b)
..............
553,207
13,061,217‌
Booz
Allen
Hamilton
Holding
Corp.
.........
434,978
45,294,259‌
Broadridge
Financial
Solutions,
Inc.
........
406,742
98,850,508‌
CACI
International,
Inc.
,
Class
A
(a)
(b)
........
75,605
36,040,904‌
Clarivate
plc
(a)
(b)
......................
1,220,339
5,247,458‌
Concentrix
Corp.
.....................
157,687
8,334,546‌
Dayforce,
Inc.
(a)
(b)
.....................
531,695
29,450,586‌
Dun
&
Bradstreet
Holdings,
Inc.
...........
1,072,839
9,752,107‌
Equifax,
Inc.
........................
431,087
111,811,035‌
ExlService
Holdings,
Inc.
(a)
..............
539,889
23,641,739‌
FTI
Consulting,
Inc.
(a)
(b)
.................
115,434
18,642,591‌
Genpact
Ltd.
........................
560,851
24,683,053‌
Jacobs
Solutions,
Inc.
..................
423,178
55,626,748‌
KBR,
Inc.
..........................
448,503
21,501,234‌
Leidos
Holdings,
Inc.
..................
444,175
70,073,048‌
ManpowerGroup,
Inc.
..................
160,138
6,469,575‌
Parsons
Corp.
(a)
(b)
.....................
183,301
13,155,513‌
Paychex,
Inc.
.......................
1,123,274
163,391,436‌
Paycom
Software,
Inc.
.................
178,579
41,323,181‌
Paylocity
Holding
Corp.
(a)
...............
156,441
28,345,545‌
Robert
Half,
Inc.
.....................
344,605
14,146,035‌
Science
Applications
International
Corp.
.....
164,098
18,479,076‌
SS&C
Technologies
Holdings,
Inc.
.........
739,438
61,225,466‌
TransUnion
.........................
678,414
59,700,432‌
Verisk
Analytics,
Inc.
...................
486,511
151,548,176‌
1,129,795,468‌
Real
Estate
Management
&
Development
—
0.9%
(a)
CBRE
Group,
Inc.
,
Class
A
..............
1,033,906
144,870,909‌
CoStar
Group,
Inc.
(b)
...................
1,452,673
116,794,909‌
Howard
Hughes
Holdings,
Inc.
(b)
...........
102,675
6,930,562‌
Jones
Lang
LaSalle,
Inc.
................
163,370
41,786,779‌
Zillow
Group,
Inc.
,
Class
A
(b)
.............
171,844
11,769,595‌
Zillow
Group,
Inc.
,
Class
C,
NVS
..........
567,112
39,726,196‌
361,878,950‌
Residential
REITs
—
1.5%
American
Homes
4
Rent
,
Class
A
..........
1,187,210
42,822,665‌
AvalonBay
Communities,
Inc.
............
494,772
100,686,102‌
Camden
Property
Trust
.................
371,785
41,896,452‌
Equity
LifeStyle
Properties,
Inc.
...........
658,410
40,604,145‌
Equity
Residential
....................
1,320,088
89,092,739‌
Essex
Property
Trust,
Inc.
...............
222,042
62,926,703‌
Invitation
Homes,
Inc.
..................
2,129,147
69,836,021‌
Mid-America
Apartment
Communities,
Inc.
....
405,011
59,945,678‌
Security
Shares
Shares
Value
Residential
REITs
(continued)
Sun
Communities,
Inc.
.................
438,628
$
55,482,056‌
UDR,
Inc.
..........................
1,150,615
46,979,610‌
610,272,171‌
Retail
REITs
—
1.3%
Agree
Realty
Corp.
...................
368,423
26,916,984‌
Brixmor
Property
Group,
Inc.
.............
1,066,979
27,784,133‌
Federal
Realty
Investment
Trust
...........
296,495
28,164,060‌
Kimco
Realty
Corp.
...................
2,324,129
48,853,192‌
NNN
REIT,
Inc.
......................
654,665
28,268,435‌
Realty
Income
Corp.
...................
3,104,462
178,848,056‌
Regency
Centers
Corp.
................
628,473
44,766,132‌
Simon
Property
Group,
Inc.
..............
1,130,056
181,667,802‌
565,268,794‌
Semiconductors
&
Semiconductor
Equipment
—
1.9%
Allegro
MicroSystems,
Inc.
(a)
.............
426,325
14,576,052‌
Amkor
Technology,
Inc.
.................
399,373
8,382,839‌
Astera
Labs,
Inc.
(a)
(b)
...................
497,996
45,028,798‌
Cirrus
Logic,
Inc.
(a)
....................
183,209
19,100,454‌
Enphase
Energy,
Inc.
(a)
(b)
................
442,582
17,548,376‌
Entegris,
Inc.
........................
521,014
42,019,779‌
First
Solar,
Inc.
(a)
(b)
....................
353,152
58,460,782‌
GLOBALFOUNDRIES,
Inc.
(a)
(b)
............
348,459
13,311,134‌
Lattice
Semiconductor
Corp.
(a)
(b)
...........
471,751
23,111,082‌
MACOM
Technology
Solutions
Holdings,
Inc.
(a)
.
219,471
31,448,000‌
Microchip
Technology,
Inc.
...............
1,836,661
129,245,835‌
MKS,
Inc.
..........................
232,697
23,120,774‌
Monolithic
Power
Systems,
Inc.
...........
160,881
117,665,146‌
ON
Semiconductor
Corp.
(a)
..............
1,466,972
76,884,003‌
Onto
Innovation,
Inc.
(a)
.................
168,687
17,025,579‌
Qorvo,
Inc.
(a)
(b)
.......................
323,643
27,480,527‌
Skyworks
Solutions,
Inc.
................
533,391
39,748,297‌
Teradyne,
Inc.
.......................
557,484
50,128,961‌
Universal
Display
Corp.
................
152,379
23,536,460‌
777,822,878‌
Software
—
3.8%
ANSYS,
Inc.
(a)
.......................
305,095
107,155,466‌
Appfolio,
Inc.
,
Class
A
(a)
................
76,019
17,505,655‌
Aurora
Innovation,
Inc.
,
Class
A
(a)
..........
3,419,178
17,916,493‌
Bentley
Systems,
Inc.
,
Class
B
............
546,000
29,467,620‌
BILL
Holdings,
Inc.
(a)
(b)
..................
320,970
14,848,072‌
CCC
Intelligent
Solutions
Holdings,
Inc.
(a)
(b)
....
1,783,306
16,780,910‌
Confluent,
Inc.
,
Class
A
(a)
(b)
..............
962,134
23,986,001‌
Datadog,
Inc.
,
Class
A
(a)
................
1,073,392
144,188,747‌
DocuSign,
Inc.
(a)
.....................
697,868
54,356,939‌
Dolby
Laboratories,
Inc.
,
Class
A
..........
209,113
15,528,731‌
Dropbox,
Inc.
,
Class
A
(a)
(b)
...............
706,380
20,202,468‌
Dynatrace,
Inc.
(a)
.....................
1,022,687
56,462,549‌
Elastic
NV
(a)
........................
315,733
26,625,764‌
Fair
Isaac
Corp.
(a)
.....................
82,664
151,106,485‌
Gen
Digital,
Inc.
......................
1,920,251
56,455,379‌
Gitlab,
Inc.
,
Class
A
(a)
(b)
.................
458,133
20,666,380‌
Guidewire
Software,
Inc.
(a)
...............
292,153
68,787,424‌
HubSpot,
Inc.
(a)
......................
177,026
98,537,982‌
Informatica,
Inc.
,
Class
A
(a)
(b)
.............
363,697
8,856,022‌
Manhattan
Associates,
Inc.
(a)
.............
208,090
41,091,532‌
nCino,
Inc.
(a)
(b)
.......................
367,940
10,291,282‌
Nutanix,
Inc.
,
Class
A
(a)
(b)
................
888,136
67,889,116‌
Pegasystems,
Inc.
....................
302,712
16,385,801‌
Procore
Technologies,
Inc.
(a)
(b)
............
398,804
27,286,170‌
PTC,
Inc.
(a)
(b)
........................
415,174
71,551,087‌
RingCentral,
Inc.
,
Class
A
(a)
..............
272,884
7,736,261‌
Rubrik,
Inc.
,
Class
A
(a)
(b)
.................
337,454
30,232,504‌
SailPoint,
Inc.
(a)
(b)
.....................
205,166
4,690,095‌
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Russell
Mid-Cap
ETF
8
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Software
(continued)
Samsara,
Inc.
,
Class
A
(a)
................
932,771
$
37,105,630‌
SentinelOne,
Inc.
,
Class
A
(a)
(b)
............
1,016,852
18,588,055‌
Teradata
Corp.
(a)
.....................
330,589
7,375,441‌
Tyler
Technologies,
Inc.
(a)
(b)
..............
149,699
88,747,555‌
UiPath,
Inc.
,
Class
A
(a)
(b)
................
1,530,123
19,585,574‌
Unity
Software,
Inc.
(a)
(b)
.................
1,100,504
26,632,197‌
Zoom
Communications,
Inc.
,
Class
A
(a)
......
914,029
71,275,981‌
Zscaler,
Inc.
(a)
(b)
......................
339,821
106,683,405‌
1,602,582,773‌
Specialized
REITs
—
2.4%
Crown
Castle,
Inc.
....................
1,510,632
155,187,226‌
CubeSmart
.........................
789,656
33,560,380‌
Digital
Realty
Trust,
Inc.
................
1,173,600
204,593,688‌
EPR
Properties
......................
260,328
15,166,709‌
Extra
Space
Storage,
Inc.
...............
733,205
108,103,745‌
Gaming
&
Leisure
Properties,
Inc.
.........
925,421
43,198,652‌
Iron
Mountain,
Inc.
....................
1,021,397
104,764,690‌
Lamar
Advertising
Co.
,
Class
A
...........
306,013
37,137,738‌
Millrose
Properties,
Inc.
,
Class
A
...........
437,155
12,463,289‌
National
Storage
Affiliates
Trust
...........
251,110
8,033,009‌
Rayonier,
Inc.
.......................
540,591
11,990,309‌
SBA
Communications
Corp.
.............
373,686
87,756,420‌
VICI
Properties,
Inc.
...................
3,684,680
120,120,568‌
Weyerhaeuser
Co.
....................
2,522,258
64,796,808‌
1,006,873,231‌
Specialty
Retail
—
2.3%
AutoNation,
Inc.
(a)
.....................
95,100
18,891,615‌
Bath
&
Body
Works,
Inc.
................
742,516
22,245,779‌
Best
Buy
Co.,
Inc.
....................
673,389
45,204,603‌
Burlington
Stores,
Inc.
(a)
................
218,567
50,847,427‌
CarMax,
Inc.
(a)
(b)
......................
529,862
35,612,025‌
Carvana
Co.
,
Class
A
(a)
(b)
................
446,754
150,538,228‌
Chewy,
Inc.
,
Class
A
(a)
.................
725,259
30,910,538‌
Dick's
Sporting
Goods,
Inc.
..............
188,333
37,254,151‌
Five
Below,
Inc.
(a)
.....................
187,145
24,549,681‌
Floor
&
Decor
Holdings,
Inc.
,
Class
A
(a)
(b)
.....
369,751
28,086,286‌
GameStop
Corp.
,
Class
A
(a)
(b)
.............
1,425,294
34,762,921‌
Gap,
Inc.
(The)
......................
801,081
17,471,577‌
GCI
Liberty,
Inc.,
Escrow
(a)
(c)
..............
262,656
3‌
Lithia
Motors,
Inc.
,
Class
A
..............
89,139
30,112,937‌
Murphy
USA,
Inc.
....................
62,460
25,408,728‌
Penske
Automotive
Group,
Inc.
...........
64,808
11,134,662‌
RH
(a)
(b)
............................
53,481
10,108,444‌
Ross
Stores,
Inc.
.....................
1,120,486
142,951,604‌
Tractor
Supply
Co.
....................
1,848,632
97,552,311‌
Ulta
Beauty,
Inc.
(a)
....................
156,876
73,389,730‌
Valvoline,
Inc.
(a)
(b)
.....................
444,697
16,840,675‌
Wayfair,
Inc.
,
Class
A
(a)
(b)
................
325,583
16,650,315‌
Williams-Sonoma,
Inc.
.................
411,932
67,297,331‌
987,821,571‌
Technology
Hardware,
Storage
&
Peripherals
—
1.2%
Hewlett
Packard
Enterprise
Co.
...........
4,572,151
93,500,488‌
HP,
Inc.
...........................
3,294,644
80,586,992‌
NetApp,
Inc.
........................
707,750
75,410,763‌
Pure
Storage,
Inc.
,
Class
A
(a)
(b)
............
1,081,449
62,269,833‌
Sandisk
Corp.
(a)
......................
469,851
21,307,743‌
Super
Micro
Computer,
Inc.
(a)
(b)
............
1,786,458
87,554,307‌
Western
Digital
Corp.
..................
1,206,169
77,182,754‌
497,812,880‌
Textiles,
Apparel
&
Luxury
Goods
—
1.0%
Amer
Sports,
Inc.
(a)
....................
518,334
20,090,626‌
Birkenstock
Holding
plc
(a)
(b)
..............
186,327
9,163,562‌
Security
Shares
Shares
Value
Textiles,
Apparel
&
Luxury
Goods
(continued)
Columbia
Sportswear
Co.
(b)
..............
89,919
$
5,492,252‌
Crocs,
Inc.
(a)
(b)
.......................
189,640
19,206,739‌
Deckers
Outdoor
Corp.
(a)
................
525,013
54,113,090‌
Lululemon
Athletica,
Inc.
(a)
...............
365,946
86,941,451‌
On
Holding
AG
,
Class
A
(a)
...............
764,083
39,770,520‌
PVH
Corp.
(b)
........................
182,250
12,502,350‌
Ralph
Lauren
Corp.
,
Class
A
.............
136,592
37,464,454‌
Skechers
USA,
Inc.
,
Class
A
(a)
............
454,451
28,675,858‌
Tapestry,
Inc.
........................
721,139
63,323,216‌
Under
Armour,
Inc.
,
Class
A
(a)
(b)
...........
627,862
4,288,297‌
Under
Armour,
Inc.
,
Class
C,
NVS
(a)
(b)
.......
683,151
4,433,650‌
VF
Corp.
..........................
1,223,395
14,374,891‌
399,840,956‌
Trading
Companies
&
Distributors
—
2.2%
Air
Lease
Corp.
,
Class
A
................
363,987
21,289,600‌
Applied
Industrial
Technologies,
Inc.
........
130,717
30,385,167‌
Core
&
Main,
Inc.
,
Class
A
(a)
..............
660,599
39,867,150‌
Fastenal
Co.
........................
3,988,292
167,508,264‌
Ferguson
Enterprises,
Inc.
...............
673,912
146,744,338‌
FTAI
Aviation
Ltd.
.....................
354,134
40,739,575‌
MSC
Industrial
Direct
Co.,
Inc.
,
Class
A
......
153,899
13,084,493‌
QXO,
Inc.
(a)
.........................
2,067,295
44,529,534‌
SiteOne
Landscape
Supply,
Inc.
(a)
(b)
.........
153,049
18,509,746‌
United
Rentals,
Inc.
...................
225,901
170,193,814‌
Watsco,
Inc.
........................
120,902
53,392,741‌
WESCO
International,
Inc.
...............
166,086
30,759,127‌
WW
Grainger,
Inc.
....................
153,889
160,081,493‌
937,085,042‌
Water
Utilities
—
0.3%
American
Water
Works
Co.,
Inc.
...........
677,484
94,244,799‌
Essential
Utilities,
Inc.
..................
953,524
35,413,882‌
129,658,681‌
Wireless
Telecommunication
Services
—
0.0%
Millicom
International
Cellular
SA
..........
353,404
13,242,048‌
Total
Long-Term
Investments
—
99
.9
%
(Cost:
$
31,652,444,578
)
............................
41,996,566,392‌
Short-Term
Securities
Money
Market
Funds
—
3.7%
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
4.47
%
(d)
(e)
(f)
.................
1,544,251,468
1,544,869,169‌
Total
Short-Term
Securities
—
3
.7
%
(Cost:
$
1,544,120,927
)
............................
1,544,869,169‌
Total
Investments
—
103
.6
%
(Cost:
$
33,196,565,505
)
............................
43,541,435,561‌
Liabilities
in
Excess
of
Other
Assets
—
(
3.6
)
%
.............
(
1,504,080,309‌
)
Net
Assets
—
100.0%
...............................
$
42,037,355,252‌
(a)
Non-income
producing
security.
(b)
All
or
a
portion
of
this
security
is
on
loan.
(c)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(d)
Affiliate
of
the
Fund.
(e)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
(f)
Annualized
7-day
yield
as
of
period
end.
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Russell
Mid-Cap
ETF
9
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
June
30,
2025
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
03/31/25
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
06/30/25
Shares
Held
at
06/30/25
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
..............
$
1,264,259,429
$
280,680,632
(a)
$
—
$
(
14,018
)
$
(
56,874
)
$
1,544,869,169
1,544,251,468
$
739,031
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
(c)
.............
65,763,291
—
(
65,763,291
)
(a)
—
—
—
—
671,191
—
$
(
14,018
)
$
(
56,874
)
$
1,544,869,169
$
1,410,222
$
—
—
—
(a)
Represents
net
amount
purchased
(sold).
(b)
All
or
a
portion
represents
securities
lending
income
earned
from
the
reinvestment
of
cash
collateral
from
loaned
securities,
net
of
collateral
investment
fees,
and
other
payments
to
and
from
borrowers
of
securities.
(c)
As
of
period
end,
the
entity
is
no
longer
held.
Derivative
Financial
Instruments
Outstanding
as
of
Period
End
Futures
Contracts
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long
Contracts
Russell
1000
E-Mini
Index
....................................................
60
09/19/25
$
10,270
$
356,885
Russell
1000
Value
E-Mini
Index
................................................
114
09/19/25
10,972
273,153
Russell
2000
E-Mini
Index
....................................................
39
09/19/25
4,274
121,498
S&P
Midcap
400
E-Mini
Index
.................................................
74
09/19/25
23,129
572,643
$
1,324,179
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Russell
Mid-Cap
ETF
10
Fair
Value
Hierarchy
as
of
Period
End
Various
inputs
are
used
in
determining
the
fair
value
of
financial
instruments
at
the
measurement
date.
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
that
the
Fund
has
the
ability
to
access
for
identical
assets
or
liabilities;
Level
2
—
Inputs
other
than
quoted
prices
included
within
Level
1
that
are
observable
for
the
asset
or
liability,
either
directly
or
indirectly;
and
Level
3
—
Inputs
that
are
unobservable
and
significant
to
the
entire
fair
value
measurement
for
the
asset
or
liability
(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,
that
may
not have
a
secondary
market,
and/
or
may
have
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.
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
.........................................
$
41,996,566,389
$
—
$
3
$
41,996,566,392
Short-Term
Securities
Money
Market
Funds
......................................
1,544,869,169
—
—
1,544,869,169
$
43,541,435,558
$
—
$
3
$
43,541,435,561
Derivative
Financial
Instruments
(a)
Assets
Equity
contracts
...........................................
$
1,324,179
$
—
$
—
$
1,324,179
(a)
Derivative
financial
instruments
are
futures
contracts.
Futures
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Portfolio
Abbreviation
MSCI
Morgan
Stanley
Capital
International
Nasdaq
National
Association
of
Securities
Dealers
Automated
Quotations
NVS
Non-Voting
Shares
REIT
Real
Estate
Investment
Trust