Schedule

of

Investments

(unaudited)

June

30,

2025

iShares

®

Core

S&P

500

ETF

1

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Common

Stocks

Aerospace

&

Defense

—

2.2%

Axon

Enterprise,

Inc.

(a)

(b)

................

877,188

$

726,259,033

Boeing

Co.

(The)

(a)

(b)

...................

8,939,876

1,873,172,218

GE

Aerospace

.......................

12,643,613

3,254,339,550

General

Dynamics

Corp.

................

2,987,149

871,231,877

Howmet

Aerospace,

Inc.

(a)

...............

4,786,719

890,952,007

Huntington

Ingalls

Industries,

Inc.

..........

465,101

112,303,287

L3Harris

Technologies,

Inc.

..............

2,216,297

555,935,940

Lockheed

Martin

Corp.

.................

2,472,341

1,145,040,011

Northrop

Grumman

Corp.

...............

1,604,261

802,098,415

RTX

Corp.

.........................

15,840,335

2,313,005,717

Textron,

Inc.

........................

2,141,007

171,901,452

TransDigm

Group,

Inc.

.................

665,820

1,012,472,525

13,728,712,032

Air

Freight

&

Logistics

—

0.3%

CH

Robinson

Worldwide,

Inc.

............

1,403,212

134,638,191

Expeditors

International

of

Washington,

Inc.

...

1,623,947

185,535,945

FedEx

Corp.

........................

2,613,501

594,074,912

United

Parcel

Service,

Inc.

,

Class

B

........

8,699,451

878,122,584

1,792,371,632

Automobile

Components

—

0.0%

Aptiv

plc

(a)

(b)

.........................

2,582,226

176,159,458

Automobiles

—

1.9%

Ford

Motor

Co.

......................

46,308,114

502,443,037

General

Motors

Co.

...................

11,400,574

561,022,246

Tesla,

Inc.

(a)

(b)

.......................

33,225,153

10,554,302,102

11,617,767,385

Banks

—

3.6%

Bank

of

America

Corp.

.................

77,695,437

3,676,548,079

Citigroup,

Inc.

.......................

22,145,004

1,884,982,740

Citizens

Financial

Group,

Inc.

............

5,141,746

230,093,133

Fifth

Third

Bancorp

...................

7,917,088

325,629,829

Huntington

Bancshares,

Inc.

.............

17,273,014

289,495,715

JPMorgan

Chase

&

Co.

................

32,950,922

9,552,801,797

KeyCorp

...........................

11,694,864

203,724,531

M&T

Bank

Corp.

.....................

1,903,539

369,267,531

PNC

Financial

Services

Group,

Inc.

(The)

....

4,689,707

874,255,179

Regions

Financial

Corp.

................

10,658,915

250,697,681

Truist

Financial

Corp.

..................

15,526,977

667,504,741

US

Bancorp

........................

18,473,448

835,923,522

Wells

Fargo

&

Co.

....................

38,584,773

3,091,412,013

22,252,336,491

Beverages

—

1.1%

Brown-Forman

Corp.

,

Class

B,

NVS

........

2,156,604

58,034,214

Coca-Cola

Co.

(The)

..................

45,927,743

3,249,387,817

Constellation

Brands,

Inc.

,

Class

A

.........

1,814,678

295,211,817

Keurig

Dr

Pepper,

Inc.

.................

16,103,984

532,397,711

Molson

Coors

Beverage

Co.

,

Class

B

.......

2,034,540

97,841,029

Monster

Beverage

Corp.

(a)

(b)

..............

8,325,063

521,481,946

PepsiCo,

Inc.

.......................

16,256,254

2,146,475,778

6,900,830,312

Biotechnology

—

1.6%

AbbVie,

Inc.

........................

20,944,038

3,887,632,334

Amgen,

Inc.

........................

6,375,074

1,779,984,411

Biogen,

Inc.

(a)

(b)

......................

1,736,893

218,136,392

Gilead

Sciences,

Inc.

..................

14,748,735

1,635,192,249

Incyte

Corp.

(a)

(b)

......................

1,899,021

129,323,330

Moderna,

Inc.

(a)

(b)

.....................

4,035,322

111,334,534

Regeneron

Pharmaceuticals,

Inc.

..........

1,231,067

646,310,175

Security

Shares

Shares

Value

Biotechnology

(continued)

Vertex

Pharmaceuticals,

Inc.

(a)

(b)

...........

3,045,135

$

1,355,694,102

9,763,607,527

Broadline

Retail

—

4.0%

Amazon.com,

Inc.

(b)

...................

112,028,359

24,577,901,681

eBay,

Inc.

..........................

5,466,225

407,015,113

24,984,916,794

Building

Products

—

0.6%

A

O

Smith

Corp.

.....................

1,378,609

90,395,392

Allegion

plc

.........................

1,020,454

147,067,831

Builders

FirstSource,

Inc.

(a)

(b)

.............

1,310,245

152,892,489

Carrier

Global

Corp.

...................

9,453,881

691,929,550

Johnson

Controls

International

plc

.........

7,801,969

824,043,966

Lennox

International,

Inc.

...............

378,649

217,056,753

Masco

Corp.

........................

2,505,826

161,274,961

Trane

Technologies

plc

.................

2,644,604

1,156,776,236

3,441,437,178

Capital

Markets

—

3.4%

Ameriprise

Financial,

Inc.

...............

1,128,885

602,519,791

Bank

of

New

York

Mellon

Corp.

(The)

.......

8,482,226

772,815,611

BlackRock,

Inc.

(c)

.....................

1,726,744

1,811,786,142

Blackstone,

Inc.

,

Class

A

................

8,651,243

1,294,052,928

CBOE

Global

Markets,

Inc.

..............

1,241,733

289,584,553

Charles

Schwab

Corp.

(The)

.............

20,250,507

1,847,656,259

CME

Group,

Inc.

,

Class

A

...............

4,272,896

1,177,695,596

Coinbase

Global,

Inc.

,

Class

A

(b)

...........

2,506,766

878,596,415

FactSet

Research

Systems,

Inc.

...........

449,111

200,878,368

Franklin

Resources,

Inc.

................

3,662,791

87,357,565

Goldman

Sachs

Group,

Inc.

(The)

.........

3,638,145

2,574,897,124

Intercontinental

Exchange,

Inc.

...........

6,801,696

1,247,907,165

Invesco

Ltd.

........................

5,301,170

83,599,451

KKR

&

Co.,

Inc.

......................

8,026,023

1,067,701,840

MarketAxess

Holdings,

Inc.

..............

445,951

99,598,696

Moody's

Corp.

.......................

1,834,117

919,974,746

Morgan

Stanley

......................

14,646,798

2,063,147,966

MSCI,

Inc.

.........................

918,132

529,523,450

Nasdaq,

Inc.

........................

4,901,181

438,263,605

Northern

Trust

Corp.

...................

2,306,762

292,474,354

Raymond

James

Financial,

Inc.

...........

2,152,855

330,183,371

S&P

Global,

Inc.

.....................

3,722,654

1,962,918,228

State

Street

Corp.

....................

3,381,108

359,547,025

T.

Rowe

Price

Group,

Inc.

...............

2,608,057

251,677,500

21,184,357,749

Chemicals

—

1.2%

Air

Products

&

Chemicals,

Inc.

............

2,638,328

744,166,796

Albemarle

Corp.

.....................

1,388,080

86,990,974

CF

Industries

Holdings,

Inc.

..............

1,921,465

176,774,780

Corteva,

Inc.

........................

8,088,650

602,847,085

Dow,

Inc.

..........................

8,380,789

221,923,293

DuPont

de

Nemours,

Inc.

...............

4,961,994

340,343,169

Eastman

Chemical

Co.

.................

1,368,846

102,198,042

Ecolab,

Inc.

........................

2,991,801

806,110,861

International

Flavors

&

Fragrances,

Inc.

......

3,032,826

223,064,352

Linde

plc

..........................

5,581,477

2,618,717,379

LyondellBasell

Industries

NV

,

Class

A

.......

3,048,861

176,407,097

Mosaic

Co.

(The)

.....................

3,754,188

136,952,778

PPG

Industries,

Inc.

...................

2,691,604

306,169,955

Sherwin-Williams

Co.

(The)

..............

2,733,536

938,586,921

7,481,253,482

Commercial

Services

&

Supplies

—

0.6%

Cintas

Corp.

........................

4,069,810

907,038,555

Copart,

Inc.

(b)

.......................

10,423,787

511,495,228

Republic

Services,

Inc.

.................

2,408,445

593,946,621

Schedule

of

Investments

(unaudited)

(continued)

June

30,

2025

iShares

®

Core

S&P

500

ETF

2

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Commercial

Services

&

Supplies

(continued)

Rollins,

Inc.

.........................

3,332,916

$

188,043,121

Veralto

Corp.

........................

2,938,558

296,647,430

Waste

Management,

Inc.

................

4,341,679

993,462,989

3,490,633,944

Communications

Equipment

—

0.9%

Arista

Networks,

Inc.

(b)

.................

12,209,690

1,249,173,384

Cisco

Systems,

Inc.

...................

47,169,344

3,272,609,087

F5,

Inc.

(a)

(b)

.........................

681,502

200,579,669

Juniper

Networks,

Inc.

.................

3,913,524

156,267,013

Motorola

Solutions,

Inc.

................

1,979,484

832,293,842

5,710,922,995

Construction

&

Engineering

—

0.1%

Quanta

Services,

Inc.

(a)

.................

1,756,730

664,184,478

Construction

Materials

—

0.1%

Martin

Marietta

Materials,

Inc.

............

715,165

392,596,978

Vulcan

Materials

Co.

..................

1,566,350

408,535,407

801,132,385

Consumer

Finance

—

0.6%

American

Express

Co.

.................

6,562,599

2,093,337,829

Capital

One

Financial

Corp.

..............

7,584,178

1,613,609,711

Synchrony

Financial

...................

4,513,791

301,250,412

4,008,197,952

Consumer

Staples

Distribution

&

Retail

—

2.0%

Costco

Wholesale

Corp.

................

5,260,717

5,207,794,187

Dollar

General

Corp.

..................

2,607,986

298,301,439

Dollar

Tree,

Inc.

(a)

(b)

...................

2,342,612

232,012,293

Kroger

Co.

(The)

.....................

7,264,710

521,097,648

Sysco

Corp.

........................

5,747,549

435,319,361

Target

Corp.

........................

5,387,142

531,441,558

Walgreens

Boots

Alliance,

Inc.

............

8,477,370

97,320,208

Walmart,

Inc.

........................

51,226,877

5,008,964,033

12,332,250,727

Containers

&

Packaging

—

0.2%

Amcor

plc

..........................

27,168,945

249,682,605

Avery

Dennison

Corp.

..................

926,819

162,628,930

Ball

Corp.

..........................

3,289,932

184,532,286

International

Paper

Co.

.................

6,259,511

293,132,900

Packaging

Corp.

of

America

.............

1,059,537

199,669,748

Smurfit

WestRock

plc

..................

5,880,110

253,726,746

1,343,373,215

Distributors

—

0.1%

Genuine

Parts

Co.

....................

1,643,543

199,378,201

LKQ

Corp.

.........................

3,071,929

113,692,092

Pool

Corp.

.........................

445,582

129,878,242

442,948,535

Diversified

Telecommunication

Services

—

0.7%

AT&T,

Inc.

..........................

85,315,599

2,469,033,435

Verizon

Communications,

Inc.

............

49,988,178

2,162,988,462

4,632,021,897

Electric

Utilities

—

1.5%

Alliant

Energy

Corp.

...................

3,046,029

184,193,374

American

Electric

Power

Co.,

Inc.

..........

6,333,511

657,165,101

Constellation

Energy

Corp.

..............

3,716,083

1,199,402,949

Duke

Energy

Corp.

...................

9,215,890

1,087,475,020

Edison

International

...................

4,561,995

235,398,942

Entergy

Corp.

.......................

5,291,297

439,812,607

Evergy,

Inc.

.........................

2,728,273

188,059,858

Eversource

Energy

...................

4,356,101

277,135,145

Exelon

Corp.

........................

11,969,770

519,727,413

Security

Shares

Shares

Value

Electric

Utilities

(continued)

FirstEnergy

Corp.

....................

6,090,242

$

245,193,143

NextEra

Energy,

Inc.

..................

24,408,440

1,694,433,905

NRG

Energy,

Inc.

.....................

2,317,893

372,207,258

PG&E

Corp.

........................

26,057,055

363,235,347

Pinnacle

West

Capital

Corp.

.............

1,415,149

126,613,381

PPL

Corp.

.........................

8,764,893

297,042,224

Southern

Co.

(The)

...................

13,031,358

1,196,669,605

Xcel

Energy,

Inc.

.....................

6,838,058

465,671,750

9,549,437,022

Electrical

Equipment

—

0.9%

AMETEK,

Inc.

.......................

2,737,227

495,328,598

Eaton

Corp.

plc

......................

4,639,656

1,656,310,795

Emerson

Electric

Co.

..................

6,665,110

888,659,116

GE

Vernova,

Inc.

.....................

3,236,071

1,712,366,970

Generac

Holdings,

Inc.

(a)

(b)

...............

704,511

100,893,020

Hubbell,

Inc.

........................

633,283

258,639,110

Rockwell

Automation,

Inc.

...............

1,336,956

444,096,675

5,556,294,284

Electronic

Equipment,

Instruments

&

Components

—

0.7%

Amphenol

Corp.

,

Class

A

...............

14,341,932

1,416,265,785

CDW

Corp.

.........................

1,561,607

278,887,394

Corning,

Inc.

........................

9,139,465

480,644,464

Jabil,

Inc.

(a)

.........................

1,272,472

277,526,143

Keysight

Technologies,

Inc.

(b)

.............

2,048,979

335,745,699

Ralliant

Corp.

(b)

......................

10,000

484,910

TE

Connectivity

plc

...................

3,516,091

593,059,069

Teledyne

Technologies,

Inc.

(a)

(b)

...........

555,872

284,778,784

Trimble,

Inc.

(a)

(b)

......................

2,829,169

214,960,261

Zebra

Technologies

Corp.

,

Class

A

(a)

(b)

.......

602,949

185,925,354

4,068,277,863

Energy

Equipment

&

Services

—

0.2%

Baker

Hughes

Co.

,

Class

A

..............

11,747,215

450,388,223

Halliburton

Co.

......................

10,193,175

207,736,906

Schlumberger

NV

....................

16,128,011

545,126,772

1,203,251,901

Entertainment

—

1.8%

Electronic

Arts,

Inc.

...................

2,706,134

432,169,600

Live

Nation

Entertainment,

Inc.

(a)

(b)

.........

1,868,627

282,685,893

Netflix,

Inc.

(a)

(b)

.......................

5,045,756

6,756,923,232

Take-Two

Interactive

Software,

Inc.

(a)

(b)

......

2,008,805

487,838,294

TKO

Group

Holdings,

Inc.

,

Class

A

(a)

........

795,149

144,677,360

Walt

Disney

Co.

(The)

.................

21,315,455

2,643,329,575

Warner

Bros

Discovery,

Inc.

(a)

(b)

...........

26,693,999

305,913,228

11,053,537,182

Financial

Services

—

4.3%

Apollo

Global

Management,

Inc.

...........

5,352,550

759,366,268

Berkshire

Hathaway,

Inc.

,

Class

B

(a)

(b)

.......

21,741,735

10,561,482,611

Corpay,

Inc.

(b)

.......................

836,140

277,447,975

Fidelity

National

Information

Services,

Inc.

....

6,229,453

507,139,769

Fiserv,

Inc.

(b)

........................

6,573,844

1,133,396,444

Global

Payments,

Inc.

.................

2,891,744

231,455,190

Jack

Henry

&

Associates,

Inc.

............

861,733

155,258,435

Mastercard,

Inc.

,

Class

A

................

9,617,667

5,404,551,794

PayPal

Holdings,

Inc.

(b)

.................

11,531,345

857,009,560

Visa,

Inc.

,

Class

A

....................

20,286,977

7,202,891,184

27,089,999,230

Food

Products

—

0.6%

Archer-Daniels-Midland

Co.

..............

5,696,892

300,681,960

Bunge

Global

SA

.....................

1,593,306

127,910,606

Campbell's

Co.

(The)

..................

2,325,476

71,275,839

Conagra

Brands,

Inc.

..................

5,660,152

115,863,311

Schedule

of

Investments

(unaudited)

(continued)

June

30,

2025

iShares

®

Core

S&P

500

ETF

3

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Food

Products

(continued)

General

Mills,

Inc.

....................

6,492,612

$

336,382,228

Hershey

Co.

(The)

....................

1,754,364

291,136,706

Hormel

Foods

Corp.

...................

3,455,638

104,533,050

J

M

Smucker

Co.

(The)

.................

1,259,621

123,694,782

Kellanova

..........................

3,188,104

253,549,911

Kraft

Heinz

Co.

(The)

..................

10,244,213

264,505,580

Lamb

Weston

Holdings,

Inc.

.............

1,672,948

86,742,354

McCormick

&

Co.,

Inc.

(Non-Voting)

,

NVS

....

2,995,860

227,146,105

Mondelez

International,

Inc.

,

Class

A

........

15,351,976

1,035,337,261

Tyson

Foods,

Inc.

,

Class

A

..............

3,393,719

189,844,641

3,528,604,334

Gas

Utilities

—

0.1%

Atmos

Energy

Corp.

...................

1,883,483

290,263,565

Ground

Transportation

—

0.9%

CSX

Corp.

.........................

22,274,567

726,819,121

JB

Hunt

Transport

Services,

Inc.

..........

928,948

133,396,933

Norfolk

Southern

Corp.

.................

2,672,975

684,201,411

Old

Dominion

Freight

Line,

Inc.

...........

2,205,203

357,904,447

Uber

Technologies,

Inc.

(b)

...............

24,794,037

2,313,283,652

Union

Pacific

Corp.

...................

7,084,549

1,630,013,034

5,845,618,598

Health

Care

Equipment

&

Supplies

—

2.3%

Abbott

Laboratories

...................

20,628,679

2,805,706,631

Align

Technology,

Inc.

(a)

(b)

................

807,709

152,923,545

Baxter

International,

Inc.

................

6,084,582

184,241,143

Becton

Dickinson

&

Co.

................

3,398,078

585,318,936

Boston

Scientific

Corp.

(b)

................

17,541,018

1,884,080,743

Cooper

Cos.,

Inc.

(The)

(b)

...............

2,371,058

168,724,487

Dexcom,

Inc.

(a)

(b)

.....................

4,648,697

405,784,761

Edwards

Lifesciences

Corp.

(b)

............

6,954,997

543,950,315

GE

HealthCare

Technologies,

Inc.

.........

5,428,759

402,108,179

Hologic,

Inc.

(a)

(b)

......................

2,642,645

172,194,748

IDEXX

Laboratories,

Inc.

(a)

(b)

.............

953,153

511,214,080

Insulet

Corp.

(b)

.......................

834,805

262,279,035

Intuitive

Surgical,

Inc.

(b)

.................

4,250,013

2,309,499,564

Medtronic

plc

.......................

15,206,738

1,325,571,352

ResMed,

Inc.

.......................

1,738,900

448,636,200

Solventum

Corp.

(a)

(b)

...................

1,641,341

124,479,301

STERIS

plc

.........................

1,164,946

279,843,328

Stryker

Corp.

.......................

4,078,069

1,613,406,439

Zimmer

Biomet

Holdings,

Inc.

............

2,346,038

213,982,126

14,393,944,913

Health

Care

Providers

&

Services

—

1.8%

Cardinal

Health,

Inc.

...................

2,830,083

475,453,944

Cencora,

Inc.

.......................

2,045,486

613,338,977

Centene

Corp.

(a)

(b)

....................

5,900,157

320,260,522

Cigna

Group

(The)

....................

3,167,848

1,047,227,192

CVS

Health

Corp.

....................

14,974,756

1,032,958,669

DaVita,

Inc.

(a)

(b)

......................

492,833

70,204,061

Elevance

Health,

Inc.

..................

2,678,639

1,041,883,425

HCA

Healthcare,

Inc.

..................

2,053,637

786,748,335

Henry

Schein,

Inc.

(a)

(b)

..................

1,443,382

105,439,055

Humana,

Inc.

.......................

1,430,811

349,804,673

Labcorp

Holdings,

Inc.

.................

992,044

260,421,470

McKesson

Corp.

(a)

....................

1,483,563

1,087,125,295

Molina

Healthcare,

Inc.

(b)

................

642,680

191,454,372

Quest

Diagnostics,

Inc.

.................

1,323,693

237,774,974

UnitedHealth

Group,

Inc.

................

10,755,594

3,355,422,660

Universal

Health

Services,

Inc.

,

Class

B

.....

678,345

122,882,197

11,098,399,821

Security

Shares

Shares

Value

Health

Care

REITs

—

0.3%

Alexandria

Real

Estate

Equities,

Inc.

........

1,821,194

$

132,273,320

Healthpeak

Properties,

Inc.

..............

8,264,609

144,713,304

Ventas,

Inc.

........................

5,350,276

337,869,929

Welltower,

Inc.

.......................

7,366,032

1,132,380,099

1,747,236,652

Hotel

&

Resort

REITs

—

0.0%

Host

Hotels

&

Resorts,

Inc.

..............

8,260,502

126,881,311

Hotels,

Restaurants

&

Leisure

—

2.1%

Airbnb,

Inc.

,

Class

A

(a)

(b)

.................

5,116,726

677,147,519

Booking

Holdings,

Inc.

.................

385,631

2,232,510,410

Caesars

Entertainment,

Inc.

(a)

(b)

...........

2,466,123

70,013,232

Carnival

Corp.

(a)

(b)

.....................

12,449,111

350,069,001

Chipotle

Mexican

Grill,

Inc.

(a)

(b)

............

15,975,197

897,007,312

Darden

Restaurants,

Inc.

...............

1,387,482

302,429,452

Domino's

Pizza,

Inc.

...................

405,796

182,851,678

DoorDash,

Inc.

,

Class

A

(a)

(b)

..............

4,064,866

1,002,030,118

Expedia

Group,

Inc.

...................

1,441,989

243,234,704

Hilton

Worldwide

Holdings,

Inc.

(a)

..........

2,818,149

750,585,805

Las

Vegas

Sands

Corp.

................

4,021,363

174,969,504

Marriott

International,

Inc.

,

Class

A

.........

2,695,311

736,385,918

McDonald's

Corp.

....................

8,477,937

2,476,998,853

MGM

Resorts

International

(a)

(b)

............

2,452,648

84,346,565

Norwegian

Cruise

Line

Holdings

Ltd.

(a)

(b)

.....

5,297,760

107,438,573

Royal

Caribbean

Cruises

Ltd.

............

2,961,780

927,451,789

Starbucks

Corp.

......................

13,474,145

1,234,635,906

Wynn

Resorts

Ltd.

....................

1,043,537

97,748,111

Yum!

Brands,

Inc.

....................

3,298,145

488,719,126

13,036,573,576

Household

Durables

—

0.3%

DR

Horton,

Inc.

......................

3,277,931

422,590,864

Garmin

Ltd.

.........................

1,826,371

381,200,155

Lennar

Corp.

,

Class

A

..................

2,752,910

304,499,375

Mohawk

Industries,

Inc.

(b)

...............

619,734

64,972,913

NVR,

Inc.

(a)

(b)

........................

34,919

257,899,862

PulteGroup,

Inc.

(a)

....................

2,376,177

250,591,626

1,681,754,795

Household

Products

—

1.0%

Church

&

Dwight

Co.,

Inc.

...............

2,919,717

280,614,001

Clorox

Co.

(The)

.....................

1,461,575

175,491,310

Colgate-Palmolive

Co.

.................

9,608,644

873,425,740

Kimberly-Clark

Corp.

..................

3,934,363

507,218,078

Procter

&

Gamble

Co.

(The)

.............

27,798,675

4,428,884,901

6,265,634,030

Independent

Power

and

Renewable

Electricity

Producers

—

0.1%

AES

Corp.

(The)

.....................

8,417,233

88,549,291

Vistra

Corp.

(a)

.......................

4,020,977

779,305,552

867,854,843

Industrial

Conglomerates

—

0.4%

3M

Co.

............................

6,381,431

971,509,055

Honeywell

International,

Inc.

.............

7,619,971

1,774,538,847

2,746,047,902

Industrial

REITs

—

0.2%

Prologis,

Inc.

........................

11,002,365

1,156,568,609

Insurance

—

2.1%

Aflac,

Inc.

..........................

5,769,227

608,422,679

Allstate

Corp.

(The)

...................

3,139,605

632,033,883

American

International

Group,

Inc.

.........

6,833,564

584,884,743

Aon

plc

,

Class

A

.....................

2,559,933

913,281,697

Arch

Capital

Group

Ltd.

................

4,431,299

403,469,774

Arthur

J

Gallagher

&

Co.

................

3,036,335

971,991,560

Schedule

of

Investments

(unaudited)

(continued)

June

30,

2025

iShares

®

Core

S&P

500

ETF

4

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Insurance

(continued)

Assurant,

Inc.

.......................

601,228

$

118,736,518

Brown

&

Brown,

Inc.

...................

3,317,777

367,841,936

Chubb

Ltd.

.........................

4,418,714

1,280,189,820

Cincinnati

Financial

Corp.

...............

1,853,025

275,952,483

Erie

Indemnity

Co.

,

Class

A,

NVS

..........

295,399

102,441,419

Everest

Group

Ltd.

....................

504,231

171,362,905

Globe

Life,

Inc.

......................

978,947

121,673,323

Hartford

Insurance

Group,

Inc.

(The)

........

3,368,860

427,407,268

Loews

Corp.

(a)

.......................

2,063,932

189,180,007

Marsh

&

McLennan

Cos.,

Inc.

............

5,842,244

1,277,348,228

MetLife,

Inc.

........................

6,686,346

537,715,945

Principal

Financial

Group,

Inc.

............

2,445,831

194,272,356

Progressive

Corp.

(The)

................

6,950,670

1,854,855,796

Prudential

Financial,

Inc.

................

4,197,308

450,958,772

Travelers

Cos.,

Inc.

(The)

...............

2,686,585

718,768,951

Willis

Towers

Watson

plc

................

1,176,033

360,454,115

WR

Berkley

Corp.

....................

3,549,194

260,759,283

12,824,003,461

Interactive

Media

&

Services

—

6.6%

Alphabet,

Inc.

,

Class

A

.................

69,006,058

12,160,937,601

Alphabet,

Inc.

,

Class

C,

NVS

.............

55,664,768

9,874,373,196

Match

Group,

Inc.

....................

2,907,914

89,825,464

Meta

Platforms,

Inc.

,

Class

A

.............

25,743,482

19,001,006,629

41,126,142,890

IT

Services

—

1.1%

Accenture

plc

,

Class

A

.................

7,423,020

2,218,666,448

Akamai

Technologies,

Inc.

(a)

(b)

.............

1,733,329

138,250,321

Cognizant

Technology

Solutions

Corp.

,

Class

A

.

5,845,962

456,160,415

EPAM

Systems,

Inc.

(b)

..................

669,877

118,447,651

Gartner,

Inc.

(b)

.......................

912,189

368,725,037

GoDaddy,

Inc.

,

Class

A

(b)

................

1,689,318

304,178,599

International

Business

Machines

Corp.

......

11,019,856

3,248,433,152

VeriSign,

Inc.

.......................

957,786

276,608,597

7,129,470,220

Leisure

Products

—

0.0%

Hasbro,

Inc.

........................

1,561,982

115,305,511

Life

Sciences

Tools

&

Services

—

0.8%

Agilent

Technologies,

Inc.

...............

3,380,144

398,890,793

Bio-Techne

Corp.

.....................

1,870,616

96,243,193

Charles

River

Laboratories

International,

Inc.

(a)

(b)

582,401

88,367,704

Danaher

Corp.

......................

7,552,199

1,491,861,390

IQVIA

Holdings,

Inc.

(a)

(b)

.................

1,948,688

307,093,742

Mettler-Toledo

International,

Inc.

(a)

(b)

........

246,176

289,187,871

Revvity,

Inc.

(a)

.......................

1,398,016

135,216,107

Thermo

Fisher

Scientific,

Inc.

.............

4,476,097

1,814,878,290

Waters

Corp.

(a)

(b)

.....................

705,471

246,237,598

West

Pharmaceutical

Services,

Inc.

........

851,515

186,311,482

5,054,288,170

Machinery

—

1.5%

Caterpillar,

Inc.

......................

5,576,882

2,165,001,361

Cummins,

Inc.

.......................

1,633,047

534,822,893

Deere

&

Co.

(a)

.......................

2,993,704

1,522,268,547

Dover

Corp.

........................

1,625,678

297,872,980

Fortive

Corp.

........................

4,026,652

209,909,369

IDEX

Corp.

.........................

895,132

157,158,325

Illinois

Tool

Works,

Inc.

.................

3,161,026

781,563,679

Ingersoll

Rand,

Inc.

(a)

..................

4,783,601

397,899,931

Nordson

Corp.

.......................

641,110

137,434,751

Otis

Worldwide

Corp.

..................

4,679,632

463,377,161

PACCAR,

Inc.

.......................

6,224,413

591,692,700

Parker-Hannifin

Corp.

..................

1,514,686

1,057,962,730

Pentair

plc

.........................

1,952,576

200,451,452

Security

Shares

Shares

Value

Machinery

(continued)

Snap-on,

Inc.

.......................

619,440

$

192,757,339

Stanley

Black

&

Decker,

Inc.

.............

1,834,106

124,260,681

Westinghouse

Air

Brake

Technologies

Corp.

...

2,028,995

424,770,103

Xylem,

Inc.

.........................

2,885,651

373,287,813

9,632,491,815

Media

—

0.5%

Charter

Communications,

Inc.

,

Class

A

(a)

(b)

....

1,131,427

462,538,672

Comcast

Corp.

,

Class

A

................

44,158,202

1,576,006,229

Fox

Corp.

,

Class

A,

NVS

................

2,537,552

142,204,414

Fox

Corp.

,

Class

B

....................

1,560,708

80,579,354

Interpublic

Group

of

Cos.,

Inc.

(The)

........

4,399,360

107,696,333

News

Corp.

,

Class

A,

NVS

..............

4,467,833

132,783,997

News

Corp.

,

Class

B

(a)

.................

1,320,420

45,303,610

Omnicom

Group,

Inc.

..................

2,313,249

166,415,133

Paramount

Global

,

Class

B,

NVS

(a)

.........

7,134,834

92,039,359

2,805,567,101

Metals

&

Mining

—

0.3%

Freeport-McMoRan,

Inc.

................

17,028,879

738,201,905

Newmont

Corp.

......................

13,197,052

768,860,250

Nucor

Corp.

........................

2,735,849

354,401,879

Steel

Dynamics,

Inc.

...................

1,636,595

209,500,526

2,070,964,560

Multi-Utilities

—

0.6%

Ameren

Corp.

.......................

3,205,026

307,810,697

CenterPoint

Energy,

Inc.

................

7,738,927

284,328,178

CMS

Energy

Corp.

....................

3,547,011

245,736,922

Consolidated

Edison,

Inc.

...............

4,271,936

428,688,778

Dominion

Energy,

Inc.

..................

10,110,703

571,456,934

DTE

Energy

Co.

.....................

2,460,027

325,855,176

NiSource,

Inc.

.......................

5,581,134

225,142,946

Public

Service

Enterprise

Group,

Inc.

.......

5,916,858

498,081,106

Sempra

...........................

7,732,260

585,873,340

WEC

Energy

Group,

Inc.

................

3,783,527

394,243,513

3,867,217,590

Office

REITs

—

0.0%

BXP,

Inc.

..........................

1,727,068

116,525,278

Oil,

Gas

&

Consumable

Fuels

—

2.8%

APA

Corp.

.........................

4,278,641

78,256,344

Chevron

Corp.

.......................

19,258,285

2,757,593,829

ConocoPhillips

......................

14,968,188

1,343,245,191

Coterra

Energy,

Inc.

...................

9,048,746

229,657,174

Devon

Energy

Corp.

...................

7,613,512

242,185,817

Diamondback

Energy,

Inc.

...............

2,216,732

304,578,977

EOG

Resources,

Inc.

..................

6,471,448

774,049,895

EQT

Corp.

.........................

7,097,392

413,919,902

Expand

Energy

Corp.

..................

2,567,732

300,270,580

Exxon

Mobil

Corp.

....................

51,103,289

5,508,934,554

Hess

Corp.

.........................

3,287,437

455,441,522

Kinder

Morgan,

Inc.

...................

22,921,104

673,880,458

Marathon

Petroleum

Corp.

..............

3,642,437

605,045,210

Occidental

Petroleum

Corp.

..............

8,400,503

352,905,131

ONEOK,

Inc.

........................

7,406,260

604,573,004

Phillips

66

..........................

4,831,421

576,388,525

Targa

Resources

Corp.

.................

2,572,072

447,746,294

Texas

Pacific

Land

Corp.

(a)

..............

223,378

235,974,285

Valero

Energy

Corp.

...................

3,713,765

499,204,291

Williams

Cos.,

Inc.

(The)

................

14,477,320

909,320,469

17,313,171,452

Passenger

Airlines

—

0.1%

Delta

Air

Lines,

Inc.

...................

7,741,299

380,717,085

Southwest

Airlines

Co.

.................

6,756,894

219,193,641

Schedule

of

Investments

(unaudited)

(continued)

June

30,

2025

iShares

®

Core

S&P

500

ETF

5

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Passenger

Airlines

(continued)

United

Airlines

Holdings,

Inc.

(b)

............

3,872,671

$

308,380,792

908,291,518

Personal

Care

Products

—

0.1%

Estee

Lauder

Cos.,

Inc.

(The)

,

Class

A

......

2,776,753

224,361,642

Kenvue,

Inc.

........................

22,763,548

476,441,060

700,802,702

Pharmaceuticals

—

2.8%

Bristol-Myers

Squibb

Co.

................

24,129,052

1,116,933,817

Eli

Lilly

&

Co.

.......................

9,326,506

7,270,291,222

Johnson

&

Johnson

...................

28,527,978

4,357,648,639

Merck

&

Co.,

Inc.

.....................

29,772,800

2,356,814,848

Pfizer,

Inc.

.........................

67,409,529

1,634,006,983

Viatris,

Inc.

.........................

13,916,604

124,275,274

Zoetis,

Inc.

,

Class

A

...................

5,278,925

823,248,354

17,683,219,137

Professional

Services

—

0.6%

Automatic

Data

Processing,

Inc.

...........

4,813,268

1,484,411,851

Broadridge

Financial

Solutions,

Inc.

........

1,392,429

338,402,020

Dayforce,

Inc.

(a)

(b)

.....................

1,895,336

104,982,661

Equifax,

Inc.

........................

1,472,318

381,875,120

Jacobs

Solutions,

Inc.

..................

1,424,768

187,285,754

Leidos

Holdings,

Inc.

..................

1,526,248

240,780,884

Paychex,

Inc.

.......................

3,800,727

552,853,749

Paycom

Software,

Inc.

.................

578,025

133,754,985

Verisk

Analytics,

Inc.

...................

1,658,967

516,768,221

3,941,115,245

Real

Estate

Management

&

Development

—

0.1%

(a)(b)

CBRE

Group,

Inc.

,

Class

A

..............

3,481,455

487,821,475

CoStar

Group,

Inc.

....................

5,002,165

402,174,066

889,995,541

Residential

REITs

—

0.3%

AvalonBay

Communities,

Inc.

............

1,685,991

343,099,168

Camden

Property

Trust

.................

1,266,698

142,744,198

Equity

Residential

....................

4,054,532

273,640,365

Essex

Property

Trust,

Inc.

...............

763,395

216,346,143

Invitation

Homes,

Inc.

..................

6,758,402

221,675,586

Mid-America

Apartment

Communities,

Inc.

....

1,387,845

205,414,938

UDR,

Inc.

..........................

3,574,583

145,950,224

1,548,870,622

Retail

REITs

—

0.3%

Federal

Realty

Investment

Trust

...........

920,624

87,450,074

Kimco

Realty

Corp.

...................

8,031,366

168,819,313

Realty

Income

Corp.

...................

10,706,942

616,826,929

Regency

Centers

Corp.

................

1,936,719

137,952,494

Simon

Property

Group,

Inc.

..............

3,637,903

584,829,286

1,595,878,096

Semiconductors

&

Semiconductor

Equipment

—

12.7%

Advanced

Micro

Devices,

Inc.

(a)

(b)

..........

19,224,477

2,727,953,286

Analog

Devices,

Inc.

...................

5,880,865

1,399,763,487

Applied

Materials,

Inc.

.................

9,633,271

1,763,562,922

Broadcom,

Inc.

......................

55,749,031

15,367,220,395

Enphase

Energy,

Inc.

(a)

(b)

................

1,567,512

62,151,851

First

Solar,

Inc.

(a)

(b)

....................

1,271,294

210,450,009

Intel

Corp.

.........................

51,718,580

1,158,496,192

KLA

Corp.

..........................

1,567,901

1,404,431,642

Lam

Research

Corp.

(a)

.................

15,171,713

1,476,814,543

Microchip

Technology,

Inc.

...............

6,376,353

448,703,961

Micron

Technology,

Inc.

.................

13,250,974

1,633,182,546

Monolithic

Power

Systems,

Inc.

...........

567,464

415,031,820

NVIDIA

Corp.

.......................

289,158,373

45,684,131,350

Security

Shares

Shares

Value

Semiconductors

&

Semiconductor

Equipment

(continued)

NXP

Semiconductors

NV

...............

2,995,295

$

654,442,005

ON

Semiconductor

Corp.

(a)

(b)

.............

4,955,113

259,697,472

QUALCOMM,

Inc.

....................

13,009,582

2,071,906,029

Skyworks

Solutions,

Inc.

................

1,780,606

132,690,759

Teradyne,

Inc.

.......................

1,902,382

171,062,190

Texas

Instruments,

Inc.

.................

10,771,337

2,236,344,988

79,278,037,447

Software

—

11.4%

Adobe,

Inc.

(b)

........................

5,053,891

1,955,249,350

ANSYS,

Inc.

(b)

.......................

1,042,463

366,133,855

Autodesk,

Inc.

(b)

......................

2,536,476

785,216,875

Cadence

Design

Systems,

Inc.

(b)

..........

3,237,248

997,557,971

Crowdstrike

Holdings,

Inc.

,

Class

A

(b)

........

2,953,128

1,504,057,622

Fair

Isaac

Corp.

(b)

.....................

288,232

526,876,567

Fortinet,

Inc.

(a)

(b)

......................

7,532,530

796,339,072

Gen

Digital,

Inc.

......................

6,471,202

190,253,339

Intuit,

Inc.

..........................

3,314,692

2,610,750,860

Microsoft

Corp.

......................

88,125,447

43,834,478,592

Oracle

Corp.

........................

19,284,320

4,216,130,882

Palantir

Technologies,

Inc.

,

Class

A

(b)

.......

25,218,702

3,437,813,457

Palo

Alto

Networks,

Inc.

(a)

(b)

..............

7,850,510

1,606,528,366

PTC,

Inc.

(a)

(b)

........................

1,422,386

245,134,003

Roper

Technologies,

Inc.

................

1,274,361

722,358,789

Salesforce,

Inc.

......................

11,375,857

3,102,082,445

ServiceNow,

Inc.

(a)

(b)

...................

2,454,151

2,523,063,560

Synopsys,

Inc.

(a)

(b)

....................

1,833,053

939,769,612

Tyler

Technologies,

Inc.

(a)

(b)

..............

510,898

302,880,770

Workday,

Inc.

,

Class

A

(a)

(b)

...............

2,568,640

616,473,600

71,279,149,587

Specialized

REITs

—

0.9%

American

Tower

Corp.

.................

5,550,279

1,226,722,665

Crown

Castle,

Inc.

....................

5,163,075

530,402,695

Digital

Realty

Trust,

Inc.

................

3,753,747

654,390,714

Equinix,

Inc.

........................

1,160,021

922,761,905

Extra

Space

Storage,

Inc.

...............

2,515,902

370,944,591

Iron

Mountain,

Inc.

....................

3,498,097

358,799,809

Public

Storage

.......................

1,871,864

549,242,335

SBA

Communications

Corp.

.............

1,273,648

299,103,496

VICI

Properties,

Inc.

...................

12,529,244

408,453,354

Weyerhaeuser

Co.

....................

8,599,275

220,915,375

5,541,736,939

Specialty

Retail

—

1.7%

AutoZone,

Inc.

(b)

.....................

198,485

736,821,971

Best

Buy

Co.,

Inc.

....................

2,284,291

153,344,455

CarMax,

Inc.

(a)

(b)

......................

1,806,313

121,402,297

Home

Depot,

Inc.

(The)

................

11,785,008

4,320,855,333

Lowe's

Cos.,

Inc.

.....................

6,636,041

1,472,338,417

O'Reilly

Automotive,

Inc.

(a)

(b)

..............

10,136,046

913,561,826

Ross

Stores,

Inc.

.....................

3,899,331

497,476,649

TJX

Cos.,

Inc.

(The)

...................

13,238,049

1,634,766,671

Tractor

Supply

Co.

....................

6,286,573

331,742,457

Ulta

Beauty,

Inc.

(a)

(b)

...................

535,629

250,577,959

Williams-Sonoma,

Inc.

.................

1,454,389

237,603,531

10,670,491,566

Technology

Hardware,

Storage

&

Peripherals

—

6.2%

Apple,

Inc.

.........................

177,091,558

36,333,874,955

Dell

Technologies,

Inc.

,

Class

C

...........

3,552,475

435,533,435

Hewlett

Packard

Enterprise

Co.

...........

15,574,412

318,496,725

HP,

Inc.

...........................

11,176,880

273,386,485

NetApp,

Inc.

........................

2,411,751

256,972,069

Seagate

Technology

Holdings

plc

..........

2,515,970

363,129,950

Super

Micro

Computer,

Inc.

(a)

(b)

............

6,085,443

298,247,562

Schedule

of

Investments

(unaudited)

(continued)

June

30,

2025

iShares

®

Core

S&P

500

ETF

6

(Percentages

shown

are

based

on

Net

Assets)

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:

Security

Shares

Shares

Value

Technology

Hardware,

Storage

&

Peripherals

(continued)

Western

Digital

Corp.

..................

4,136,599

$

264,700,970

38,544,342,151

Textiles,

Apparel

&

Luxury

Goods

—

0.3%

Deckers

Outdoor

Corp.

(a)

(b)

...............

1,799,892

185,514,868

Lululemon

Athletica,

Inc.

(a)

(b)

..............

1,310,446

311,335,761

NIKE,

Inc.

,

Class

B

...................

13,961,390

991,817,146

Ralph

Lauren

Corp.

,

Class

A

.............

473,266

129,807,398

Tapestry,

Inc.

........................

2,462,871

216,264,703

1,834,739,876

Tobacco

—

0.7%

Altria

Group,

Inc.

.....................

19,972,037

1,170,960,529

Philip

Morris

International,

Inc.

............

18,455,364

3,361,275,446

4,532,235,975

Trading

Companies

&

Distributors

—

0.3%

Fastenal

Co.

........................

13,602,357

571,298,994

United

Rentals,

Inc.

...................

770,345

580,377,923

WW

Grainger,

Inc.

....................

518,504

539,368,601

1,691,045,518

Water

Utilities

—

0.1%

American

Water

Works

Co.,

Inc.

...........

2,312,116

321,638,457

Wireless

Telecommunication

Services

—

0.2%

T-Mobile

US,

Inc.

.....................

5,653,934

1,347,106,315

Total

Long-Term

Investments

—

99

.8

%

(Cost:

$

560,731,694,258

)

...........................

622,419,441,339

Security

Shares

Shares

Value

Short-Term

Securities

Money

Market

Funds

—

0.6%

(c)(d)

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

,

4.47

%

(e)

...................

2,802,970,266

$

2,804,091,455

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

,

4.30

%

....................

918,086,065

918,086,065

Total

Short-Term

Securities

—

0

.6

%

(Cost:

$

3,720,705,934

)

............................

3,722,177,520

Total

Investments

—

100

.4

%

(Cost:

$

564,452,400,192

)

...........................

626,141,618,859

Liabilities

in

Excess

of

Other

Assets

—

(

0.4

)

%

.............

(

2,338,917,884

)

Net

Assets

—

100.0%

...............................

$

623,802,700,975

(a)

All

or

a

portion

of

this

security

is

on

loan.

(b)

Non-income

producing

security.

(c)

Affiliate

of

the

Fund.

(d)

Annualized

7-day

yield

as

of

period

end.

(e)

All

or

a

portion

of

this

security

was

purchased

with

the

cash

collateral

from

loaned

securities.

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

..............

$

3,391,968,255

$

—

$

(

587,591,046

)

(a)

$

(

147,449

)

$

(

138,305

)

$

2,804,091,455

2,802,970,266

$

1,069,635

(b)

$

—

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

1,014,516,435

—

(

96,430,370

)

(a)

—

—

918,086,065

918,086,065

9,468,850

—

BlackRock,

Inc.

..........

1,681,270,283

180,250,290

(

220,482,295

)

46,144,315

124,603,549

1,811,786,142

1,726,744

8,780,251

—

$

45,996,866

$

124,465,244

$

5,533,963,662

$

19,318,736

$

—

—

—

(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.

Schedule

of

Investments

(unaudited)

(continued)

June

30,

2025

iShares

®

Core

S&P

500

ETF

7

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.

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

S&P

500

E-Mini

Index

.......................................................

4,368

09/19/25

$

1,365,819

$

31,108,194

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Common

Stocks

.........................................

$

622,419,441,339

$

—

$

—

$

622,419,441,339

Short-Term

Securities

Money

Market

Funds

......................................

3,722,177,520

—

—

3,722,177,520

$

626,141,618,859

$

—

$

—

$

626,141,618,859

Derivative

Financial

Instruments

(a)

Assets

Equity

contracts

...........................................

$

31,108,194

$

—

$

—

$

31,108,194

(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