Schedule

Investments

(unaudited)

June

30,

2025

iShares

S&P

Small-Cap

600

Growth

ETF

(Percentages

shown

are

based

Net

Assets)

Security

Value

Common

Stocks

Aerospace

Defense

—

2.7%

AeroVironment,

Inc.

(a)

(b)

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

248,112

70,699,514‌

Kratos

Defense

Security

Solutions,

Inc.

(a)

(b)

850,137

39,488,864‌

Moog,

Inc.

Class

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

249,136

45,086,142‌

Triumph

Group,

Inc.

(b)

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

409,438

10,543,028‌

165,817,548‌

Air

Freight

Logistics

—

0.0%

Forward

Air

Corp.

(a)

(b)

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

72,331

1,775,003‌

Automobile

Components

—

1.0%

Dorman

Products,

Inc.

(b)

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

239,381

29,364,867‌

Patrick

Industries,

Inc.

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

141,295

13,037,290‌

Phinia,

Inc.

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

178,771

7,953,522‌

XPEL,

Inc.

(a)

(b)

(c)

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

199,865

7,175,153‌

57,530,832‌

Banks

—

6.6%

Ameris

Bancorp

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

273,645

17,704,832‌

Axos

Financial,

Inc.

(b)

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

471,608

35,861,072‌

BancFirst

Corp.

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

175,690

21,718,798‌

Bancorp,

Inc.

(The)

(a)

(b)

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

411,335

23,433,755‌

Bank

Hawaii

Corp.

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

161,309

10,893,197‌

BankUnited,

Inc.

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

305,715

10,880,397‌

Banner

Corp.

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

155,917

10,002,076‌

Cathay

General

Bancorp

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

309,378

14,085,980‌

Central

Pacific

Financial

Corp.

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

143,879

4,032,928‌

City

Holding

Co.

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

127,540

15,613,447‌

Community

Financial

System,

Inc.

.........

297,081

16,894,996‌

CVB

Financial

Corp.

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

467,697

9,255,724‌

Financial

Corp.

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

136,573

6,186,757‌

First

Bancorp

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

864,677

18,011,222‌

First

Commonwealth

Financial

Corp.

........

432,929

7,026,438‌

First

Financial

Bancorp

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

398,185

9,659,968‌

First

Hawaiian,

Inc.

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

476,053

11,882,283‌

Fulton

Financial

Corp.

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

749,808

13,526,536‌

Lakeland

Financial

Corp.

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

121,409

7,460,583‌

National

Bank

Holdings

Corp.

Class

......

152,255

5,726,311‌

NBT

Bancorp,

Inc.

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

202,528

8,415,038‌

OFG

Bancorp

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

233,864

10,009,379‌

Park

National

Corp.

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

84,612

14,152,203‌

Pathward

Financial,

Inc.

(a)

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

207,920

16,450,630‌

Preferred

Bank

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

101,989

8,826,638‌

S&T

Bancorp,

Inc.

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

179,895

6,803,629‌

ServisFirst

Bancshares,

Inc.

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

442,449

34,294,222‌

Tompkins

Financial

Corp.

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

44,018

2,761,249‌

Triumph

Financial,

Inc.

(a)

(b)

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

119,314

6,575,395‌

Westamerica

Bancorp

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

126,805

6,142,434‌

WSFS

Financial

Corp.

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

231,621

12,739,155‌

397,027,272‌

Beverages

—

0.1%

National

Beverage

Corp.

(b)

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

107,818

4,662,050‌

Biotechnology

—

4.0%

(b)

ACADIA

Pharmaceuticals,

Inc.

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

752,532

16,232,115‌

ADMA

Biologics,

Inc.

(a)

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

2,102,332

38,283,466‌

Alkermes

plc

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

929,374

26,589,390‌

Arcus

Biosciences,

Inc.

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

595,338

4,846,051‌

Arrowhead

Pharmaceuticals,

Inc.

..........

431,782

6,822,156‌

Catalyst

Pharmaceuticals,

Inc.

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

1,009,685

21,910,165‌

Dynavax

Technologies

Corp.

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

403,206

3,999,804‌

Krystal

Biotech,

Inc.

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

223,950

30,784,167‌

Protagonist

Therapeutics,

Inc.

(a)

...........

545,824

30,167,692‌

Therapeutics,

Inc.

(a)

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

1,194,195

42,979,078‌

Vericel

Corp.

(a)

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

443,328

18,863,606‌

Security

Value

Biotechnology

(continued)

Xencor,

Inc.

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

261,292

2,053,755‌

243,531,445‌

Broadline

Retail

—

0.4%

Etsy,

Inc.

(a)

(b)

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

449,979

22,570,947‌

Building

Products

—

3.4%

Apogee

Enterprises,

Inc.

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

189,975

7,712,985‌

Armstrong

World

Industries,

Inc.

...........

382,425

62,121,117‌

AZZ,

Inc.

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

263,425

24,888,394‌

CSW

Industrials,

Inc.

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

147,922

42,428,467‌

Griffon

Corp.

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

343,719

24,874,944‌

Zurn

Elkay

Water

Solutions

Corp.

..........

1,244,591

45,514,693‌

207,540,600‌

Capital

Markets

—

4.0%

Acadian

Asset

Management,

Inc.

..........

236,412

8,331,159‌

Artisan

Partners

Asset

Management,

Inc.

Class

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

299,038

13,256,355‌

BGC

Group,

Inc.

Class

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

1,834,291

18,764,797‌

Cohen

Steers,

Inc.

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

237,933

17,928,252‌

Donnelley

Financial

Solutions,

Inc.

(a)

(b)

.......

94,048

5,798,059‌

Moelis

Co.

Class

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

268,568

16,737,158‌

Piper

Sandler

Cos.

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

144,703

40,218,752‌

PJT

Partners,

Inc.

Class

(a)

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

215,144

35,500,911‌

StepStone

Group,

Inc.

Class

...........

331,582

18,402,801‌

StoneX

Group,

Inc.

(a)

(b)

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

203,195

18,519,192‌

Virtu

Financial,

Inc.

Class

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

712,253

31,901,812‌

Virtus

Investment

Partners,

Inc.

...........

22,510

4,083,314‌

WisdomTree,

Inc.

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

1,020,483

11,745,759‌

241,188,321‌

Chemicals

—

2.1%

Balchem

Corp.

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

287,231

45,727,175‌

Element

Solutions,

Inc.

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

903,426

20,462,599‌

Hawkins,

Inc.

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

166,683

23,685,654‌

Ingevity

Corp.

(b)

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

162,782

7,014,276‌

Innospec,

Inc.

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

109,930

9,244,014‌

Sensient

Technologies

Corp.

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

197,923

19,499,374‌

125,633,092‌

Commercial

Services

Supplies

—

2.0%

Brady

Corp.

Class

NVS

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

246,725

16,769,898‌

CoreCivic,

Inc.

(b)

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

509,470

10,734,533‌

GEO

Group,

Inc.

(The)

(b)

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

1,220,263

29,225,299‌

HNI

Corp.

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

213,176

10,483,996‌

Interface,

Inc.

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

513,977

10,757,539‌

Liquidity

Services,

Inc.

(a)

(b)

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

199,055

4,695,707‌

OPENLANE,

Inc.

(a)

(b)

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

945,642

23,120,947‌

Pitney

Bowes,

Inc.

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

532,758

5,812,390‌

UniFirst

Corp.

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

59,539

11,206,430‌

122,806,739‌

Communications

Equipment

—

0.7%

(b)

Calix,

Inc.

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

203,211

10,808,793‌

Digi

International,

Inc.

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

192,705

6,717,696‌

Extreme

Networks,

Inc.

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

560,546

10,061,801‌

Harmonic,

Inc.

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

507,934

4,810,135‌

Viavi

Solutions,

Inc.

(a)

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

842,044

8,479,383‌

40,877,808‌

Construction

Engineering

—

3.9%

Arcosa,

Inc.

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

275,140

23,857,389‌

Dycom

Industries,

Inc.

(a)

(b)

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

253,433

61,936,491‌

Everus

Construction

Group,

Inc.

(a)

(b)

........

215,685

13,702,468‌

Granite

Construction,

Inc.

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

385,164

36,016,686‌

MYR

Group,

Inc.

(a)

(b)

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

77,917

14,138,040‌

Schedule

Investments

(unaudited)

(continued)

June

30,

2025

iShares

S&P

Small-Cap

600

Growth

ETF

(Percentages

shown

are

based

Net

Assets)

Security

Value

Construction

Engineering

(continued)

Sterling

Infrastructure,

Inc.

(a)

(b)

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

267,813

61,792,493‌

WillScot

Holdings

Corp.

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

995,818

27,285,413‌

238,728,980‌

Consumer

Finance

—

0.6%

Enova

International,

Inc.

(b)

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

223,387

24,912,118‌

PROG

Holdings,

Inc.

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

355,364

10,429,934‌

35,342,052‌

Consumer

Staples

Distribution

Retail

—

0.3%

Chefs'

Warehouse,

Inc.

(The)

(b)

...........

311,695

19,889,258‌

Containers

Packaging

—

0.3%

Sealed

Air

Corp.

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

502,318

15,586,928‌

Diversified

Consumer

Services

—

2.4%

Adtalem

Global

Education,

Inc.

(b)

..........

316,389

40,254,173‌

Frontdoor,

Inc.

(b)

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

648,012

38,193,827‌

Mister

Car

Wash,

Inc.

(a)

(b)

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

385,745

2,318,327‌

Perdoceo

Education

Corp.

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

288,144

9,419,427‌

Stride,

Inc.

(a)

(b)

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

377,978

54,878,626‌

145,064,380‌

Diversified

REITs

—

1.0%

American

Assets

Trust,

Inc.

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

245,898

4,856,486‌

Armada

Hoffler

Properties,

Inc.

...........

451,327

3,100,616‌

Essential

Properties

Realty

Trust,

Inc.

.......

1,739,325

55,501,861‌

63,458,963‌

Diversified

Telecommunication

Services

—

0.6%

Cogent

Communications

Holdings,

Inc.

......

373,661

18,014,197‌

Lumen

Technologies,

Inc.

(a)

(b)

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

4,607,503

20,180,863‌

38,195,060‌

Electric

Utilities

—

0.5%

MGE

Energy,

Inc.

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

199,497

17,643,515‌

Otter

Tail

Corp.

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

165,932

12,791,698‌

30,435,213‌

Electrical

Equipment

—

0.4%

Powell

Industries,

Inc.

(a)

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

82,960

17,458,932‌

Vicor

Corp.

(b)

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

114,168

5,178,661‌

22,637,593‌

Electronic

Equipment,

Instruments

Components

—

4.3%

Advanced

Energy

Industries,

Inc.

(a)

.........

162,723

21,560,797‌

Arlo

Technologies,

Inc.

(b)

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

519,023

8,802,630‌

Badger

Meter,

Inc.

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

259,218

63,495,449‌

Benchmark

Electronics,

Inc.

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

177,705

6,900,285‌

CTS

Corp.

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

157,687

6,719,043‌

ePlus,

Inc.

(b)

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

108,823

7,846,138‌

Itron,

Inc.

(b)

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

401,455

52,843,522‌

OSI

Systems,

Inc.

(a)

(b)

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

137,699

30,962,997‌

Plexus

Corp.

(b)

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

162,089

21,932,263‌

Sanmina

Corp.

(a)

(b)

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

225,990

22,108,602‌

TTM

Technologies,

Inc.

(a)

(b)

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

465,385

18,997,016‌

262,168,742‌

Energy

Equipment

Services

—

2.2%

Archrock,

Inc.

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

1,557,011

38,660,583‌

Atlas

Energy

Solutions,

Inc.

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

642,290

8,587,417‌

Cactus,

Inc.

Class

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

602,879

26,357,870‌

Core

Laboratories,

Inc.

(a)

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

198,760

2,289,715‌

Helix

Energy

Solutions

Group,

Inc.

(b)

........

717,638

4,478,061‌

Helmerich

Payne,

Inc.

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

508,113

7,702,993‌

Liberty

Energy,

Inc.

Class

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

784,628

9,007,530‌

Oceaneering

International,

Inc.

(a)

(b)

.........

885,858

18,354,978‌

RPC,

Inc.

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

387,322

1,832,033‌

Security

Value

Energy

Equipment

Services

(continued)

Tidewater,

Inc.

(a)

(b)

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

400,839

18,490,703‌

135,761,883‌

Entertainment

—

1.0%

Cinemark

Holdings,

Inc.

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

888,944

26,828,330‌

Madison

Square

Garden

Sports

Corp.

(b)

......

147,656

30,852,721‌

57,681,051‌

Financial

Services

—

1.7%

Enact

Holdings,

Inc.

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

57,751

2,145,450‌

EVERTEC,

Inc.

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

364,511

13,140,621‌

Hannon

Armstrong

Sustainable

Infrastructure

Capital,

Inc.

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

575,072

15,446,434‌

NCR

Atleos

Corp.

(a)

(b)

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

284,614

8,120,037‌

NMI

Holdings,

Inc.

Class

(b)

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

687,965

29,025,243‌

Payoneer

Global,

Inc.

(b)

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

2,298,188

15,742,588‌

Radian

Group,

Inc.

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

532,336

19,174,743‌

102,795,116‌

Food

Products

—

1.6%

Cal-Maine

Foods,

Inc.

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

380,315

37,890,783‌

Freshpet,

Inc.

(b)

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

429,538

29,191,403‌

Snack

Foods

Corp.

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

75,597

8,573,456‌

Simply

Good

Foods

Co.

(The)

(b)

...........

372,826

11,777,573‌

Tootsie

Roll

Industries,

Inc.

(a)

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

85,018

2,843,852‌

Kellogg

Co.

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

362,045

5,770,997‌

96,048,064‌

Gas

Utilities

—

0.2%

Chesapeake

Utilities

Corp.

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

117,089

14,076,440‌

Ground

Transportation

—

0.2%

RXO,

Inc.

(a)

(b)

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

590,236

9,278,510‌

Health

Care

Equipment

Supplies

—

4.9%

Artivion,

Inc.

(b)

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

338,444

10,525,608‌

Glaukos

Corp.

(b)

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

503,194

51,974,908‌

ICU

Medical,

Inc.

(a)

(b)

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

216,737

28,641,795‌

Inspire

Medical

Systems,

Inc.

(a)

(b)

..........

259,729

33,705,032‌

Integer

Holdings

Corp.

(a)

(b)

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

307,266

37,784,500‌

LeMaitre

Vascular,

Inc.

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

181,090

15,039,525‌

Merit

Medical

Systems,

Inc.

(a)

(b)

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

520,445

48,651,199‌

STAAR

Surgical

Co.

(b)

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

246,403

4,134,642‌

Tandem

Diabetes

Care,

Inc.

(a)

(b)

...........

586,552

10,933,329‌

TransMedics

Group,

Inc.

(b)

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

297,948

39,928,012‌

UFP

Technologies,

Inc.

(a)

(b)

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

64,258

15,689,233‌

297,007,783‌

Health

Care

Providers

Services

—

2.1%

Addus

HomeCare

Corp.

(a)

(b)

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

99,123

11,417,978‌

Astrana

Health,

Inc.

(a)

(b)

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

366,441

9,117,052‌

Concentra

Group

Holdings

Parent,

Inc.

......

392,681

8,077,448‌

CorVel

Corp.

(b)

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

239,914

24,658,361‌

National

HealthCare

Corp.

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

69,691

7,457,634‌

NeoGenomics,

Inc.

(a)

(b)

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

506,831

3,704,935‌

Privia

Health

Group,

Inc.

(b)

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

637,104

14,653,392‌

Progyny,

Inc.

(b)

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

326,545

7,183,990‌

RadNet,

Inc.

(a)

(b)

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

581,440

33,089,750‌

Physical

Therapy,

Inc.

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

65,755

5,142,041‌

124,502,581‌

Health

Care

REITs

—

0.6%

CareTrust

REIT,

Inc.

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

827,142

25,310,545‌

LTC

Properties,

Inc.

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

190,103

6,579,465‌

Universal

Health

Realty

Income

Trust

.......

55,866

2,232,964‌

34,122,974‌

Schedule

Investments

(unaudited)

(continued)

June

30,

2025

iShares

S&P

Small-Cap

600

Growth

ETF

(Percentages

shown

are

based

Net

Assets)

Security

Value

Health

Care

Technology

—

0.2%

(a)

HealthStream,

Inc.

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

123,143

3,407,367‌

Schrodinger,

Inc.

(b)

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

261,114

5,253,614‌

Simulations

Plus,

Inc.

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

78,539

1,370,505‌

10,031,486‌

Hotel

Resort

REITs

—

1.8%

Apple

Hospitality

REIT,

Inc.

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

954,742

11,141,839‌

DiamondRock

Hospitality

Co.

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

1,816,811

13,916,773‌

Pebblebrook

Hotel

Trust

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

524,499

5,239,745‌

Ryman

Hospitality

Properties,

Inc.

.........

527,948

52,092,629‌

Summit

Hotel

Properties,

Inc.

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

467,279

2,378,450‌

Sunstone

Hotel

Investors,

Inc.

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

1,751,187

15,200,303‌

Xenia

Hotels

Resorts,

Inc.

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

869,196

10,925,794‌

110,895,533‌

Hotels,

Restaurants

Leisure

—

3.2%

Brinker

International,

Inc.

(b)

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

391,390

70,579,359‌

Cheesecake

Factory,

Inc.

(The)

...........

264,831

16,594,310‌

Dave

Buster's

Entertainment,

Inc.

(a)

(b)

......

243,466

7,323,457‌

Monarch

Casino

Resort,

Inc.

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

112,147

9,693,987‌

Pursuit

Attractions

Hospitality,

Inc.

(a)

(b)

......

189,370

5,459,537‌

Sabre

Corp.

(a)

(b)

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

3,401,454

10,748,595‌

Shake

Shack,

Inc.

Class

(a)

(b)

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

354,201

49,800,661‌

Six

Flags

Entertainment

Corp.

(b)

...........

827,991

25,195,766‌

195,395,672‌

Household

Durables

—

2.4%

Cavco

Industries,

Inc.

(b)

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

70,620

30,679,447‌

Champion

Homes,

Inc.

(a)

(b)

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

464,516

29,083,347‌

Dream

Finders

Homes,

Inc.

Class

(a)

(b)

......

252,406

6,342,963‌

Green

Brick

Partners,

Inc.

(a)

(b)

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

266,906

16,783,049‌

Installed

Building

Products,

Inc.

...........

200,651

36,181,388‌

M/I

Homes,

Inc.

(a)

(b)

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

125,009

14,016,009‌

TRI

Pointe

Homes,

Inc.

(b)

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

407,212

13,010,423‌

146,096,626‌

Household

Products

—

0.4%

Energizer

Holdings,

Inc.

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

242,616

4,891,138‌

WD-40

Co.

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

72,841

16,614,304‌

21,505,442‌

Industrial

REITs

—

0.6%

Innovative

Industrial

Properties,

Inc.

........

167,736

9,262,382‌

Terreno

Realty

Corp.

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

445,846

24,998,585‌

34,260,967‌

Insurance

—

2.1%

AMERISAFE,

Inc.

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

75,561

3,304,283‌

Assured

Guaranty

Ltd.

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

199,031

17,335,600‌

Employers

Holdings,

Inc.

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

110,923

5,233,347‌

Goosehead

Insurance,

Inc.

Class

........

220,665

23,282,364‌

HCI

Group,

Inc.

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

81,961

12,474,464‌

Mercury

General

Corp.

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

234,378

15,783,015‌

Palomar

Holdings,

Inc.

(b)

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

235,494

36,324,949‌

Trupanion,

Inc.

(a)

(b)

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

297,642

16,474,485‌

130,212,507‌

Interactive

Media

Services

—

0.9%

(b)

Cargurus,

Inc.

Class

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

745,266

24,944,053‌

Cars.com,

Inc.

(a)

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

224,176

2,656,486‌

QuinStreet,

Inc.

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

501,528

8,074,601‌

TripAdvisor,

Inc.

(a)

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

696,758

9,092,692‌

Yelp,

Inc.

(a)

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

309,213

10,596,729‌

55,364,561‌

Security

Value

Services

—

0.3%

(b)

DigitalOcean

Holdings,

Inc.

(a)

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

553,146

15,797,850‌

Grid

Dynamics

Holdings,

Inc.

Class

.......

360,470

4,163,428‌

19,961,278‌

Leisure

Products

—

0.2%

Acushnet

Holdings

Corp.

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

130,411

9,496,529‌

Life

Sciences

Tools

Services

—

0.3%

Azenta,

Inc.

(a)

(b)

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

198,123

6,098,226‌

BioLife

Solutions,

Inc.

(a)

(b)

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

326,687

7,036,838‌

Mesa

Laboratories,

Inc.

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

32,150

3,029,173‌

OmniAb,

Inc.,

12.50

Earnout

(b)

(d)

......

76,503

1‌

OmniAb,

Inc.,

15.00

Earnout

(b)

(d)

......

76,503

1‌

16,164,239‌

Machinery

—

6.8%

Alamo

Group,

Inc.

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

40,096

8,756,164‌

Albany

International

Corp.

Class

.........

132,973

9,325,396‌

Enerpac

Tool

Group

Corp.

Class

.........

476,281

19,317,957‌

Enpro,

Inc.

(a)

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

114,732

21,976,915‌

ESCO

Technologies,

Inc.

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

227,446

43,640,064‌

Federal

Signal

Corp.

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

536,904

57,137,324‌

Franklin

Electric

Co.,

Inc.

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

211,281

18,960,357‌

Gates

Industrial

Corp.

plc

(a)

(b)

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

1,333,383

30,707,810‌

Greenbrier

Cos.,

Inc.

(The)

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

276,451

12,730,569‌

JBT

Marel

Corp.

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

170,914

20,554,118‌

Kadant,

Inc.

(a)

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

103,515

32,860,837‌

Lindsay

Corp.

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

43,282

6,243,429‌

Mueller

Water

Products,

Inc.

Class

.......

1,380,231

33,180,753‌

SPX

Technologies,

Inc.

(a)

(b)

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

411,302

68,967,119‌

Standex

International

Corp.

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

69,100

10,812,768‌

Trinity

Industries,

Inc.

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

718,698

19,412,033‌

414,583,613‌

Marine

Transportation

—

0.3%

Matson,

Inc.

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

183,985

20,486,730‌

Media

—

0.4%

DoubleVerify

Holdings,

Inc.

(b)

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

665,143

9,957,191‌

John

Wiley

Sons,

Inc.

Class

..........

213,169

9,513,732‌

TechTarget,

Inc.

(b)

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

110,242

856,580‌

Thryv

Holdings,

Inc.

(b)

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

133,960

1,628,954‌

21,956,457‌

Metals

Mining

—

0.9%

Alpha

Metallurgical

Resources,

Inc.

(b)

.......

60,714

6,829,111‌

Century

Aluminum

Co.

(b)

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

458,111

8,255,160‌

Materials

Corp.

Class

(a)

(b)

...........

468,457

15,585,564‌

Warrior

Met

Coal,

Inc.

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

463,170

21,227,081‌

51,896,916‌

Multi-Utilities

—

0.0%

Unitil

Corp.

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

55,585

2,898,758‌

Office

REITs

—

0.9%

Douglas

Emmett,

Inc.

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

790,636

11,891,165‌

Highwoods

Properties,

Inc.

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

578,742

17,993,089‌

Green

Realty

Corp.

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

437,771

27,098,025‌

56,982,279‌

Oil,

Gas

Consumable

Fuels

—

1.8%

Comstock

Resources,

Inc.

(b)

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

407,331

11,270,849‌

Core

Natural

Resources,

Inc.

(a)

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

440,546

30,723,678‌

International

Seaways,

Inc.

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

203,474

7,422,732‌

Magnolia

Oil

Gas

Corp.

Class

.........

1,053,634

23,685,692‌

Northern

Oil

Gas,

Inc.

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

865,073

24,524,820‌

Schedule

Investments

(unaudited)

(continued)

June

30,

2025

iShares

S&P

Small-Cap

600

Growth

ETF

(Percentages

shown

are

based

Net

Assets)

Security

Value

Oil,

Gas

Consumable

Fuels

(continued)

Energy

Co.

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

504,312

12,461,549‌

110,089,320‌

Paper

Forest

Products

—

0.2%

Sylvamo

Corp.

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

300,641

15,062,114‌

Passenger

Airlines

—

0.6%

SkyWest,

Inc.

(b)

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

356,360

36,694,389‌

Personal

Care

Products

—

0.3%

Interparfums,

Inc.

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

158,111

20,761,555‌

Pharmaceuticals

—

2.4%

Amphastar

Pharmaceuticals,

Inc.

(a)

(b)

........

203,987

4,683,542‌

ANI

Pharmaceuticals,

Inc.

(a)

(b)

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

149,833

9,776,603‌

Collegium

Pharmaceutical,

Inc.

(b)

..........

283,526

8,383,864‌

Corcept

Therapeutics,

Inc.

(a)

(b)

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

831,128

61,004,795‌

Harmony

Biosciences

Holdings,

Inc.

(b)

.......

338,809

10,706,364‌

Innoviva,

Inc.

(a)

(b)

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

268,379

5,391,734‌

Ligand

Pharmaceuticals,

Inc.

(a)

(b)

...........

93,448

10,623,169‌

Phibro

Animal

Health

Corp.

Class

........

178,686

4,563,640‌

Prestige

Consumer

Healthcare,

Inc.

(b)

.......

261,093

20,848,276‌

Supernus

Pharmaceuticals,

Inc.

(a)

(b)

.........

251,459

7,925,988‌

143,907,975‌

Professional

Services

—

1.1%

CSG

Systems

International,

Inc.

...........

123,891

8,091,321‌

Heidrick

Struggles

International,

Inc.

......

97,307

4,452,768‌

Korn

Ferry

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

281,939

20,674,587‌

Verra

Mobility

Corp.

Class

(b)

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

1,403,959

35,646,519‌

68,865,195‌

Real

Estate

Management

Development

—

0.3%

Kennedy-Wilson

Holdings,

Inc.

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

383,400

2,607,120‌

St.

Joe

Co.

(The)

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

333,263

15,896,645‌

18,503,765‌

Residential

REITs

—

0.4%

Centerspace

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

82,182

4,946,534‌

Elme

Communities

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

457,521

7,274,584‌

NexPoint

Residential

Trust,

Inc.

...........

194,831

6,491,769‌

Veris

Residential,

Inc.

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

304,712

4,537,162‌

23,250,049‌

Retail

REITs

—

1.9%

Acadia

Realty

Trust

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

795,754

14,777,152‌

Curbline

Properties

Corp.

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

833,385

19,026,180‌

Getty

Realty

Corp.

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

193,492

5,348,119‌

Macerich

Co.

(The)

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

1,468,414

23,758,938‌

Phillips

Edison

Co.,

Inc.

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

485,533

17,008,221‌

Saul

Centers,

Inc.

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

55,892

1,908,153‌

Tanger,

Inc.

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

667,742

20,419,550‌

Urban

Edge

Properties

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

663,454

12,380,052‌

Whitestone

REIT

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

198,250

2,474,160‌

117,100,525‌

Semiconductors

Semiconductor

Equipment

—

2.3%

(b)

Alpha

Omega

Semiconductor

Ltd.

........

102,804

2,637,951‌

Axcelis

Technologies,

Inc.

(a)

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

166,936

11,633,770‌

CEVA,

Inc.

(a)

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

99,950

2,196,901‌

FormFactor,

Inc.

(a)

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

305,440

10,510,190‌

Impinj,

Inc.

(a)

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

206,736

22,962,168‌

PDF

Solutions,

Inc.

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

275,976

5,900,367‌

Photronics,

Inc.

(a)

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

233,671

4,400,025‌

Semtech

Corp.

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

762,818

34,433,604‌

SiTime

Corp.

(a)

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

183,952

39,196,492‌

Security

Value

Semiconductors

Semiconductor

Equipment

(continued)

SolarEdge

Technologies,

Inc.

(a)

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

155,986

3,182,114‌

137,053,582‌

Software

—

6.7%

A10

Networks,

Inc.

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

380,855

7,369,544‌

ACI

Worldwide,

Inc.

(b)

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

924,462

42,442,050‌

Adeia,

Inc.

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

353,524

4,998,829‌

Agilysys,

Inc.

(a)

(b)

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

197,903

22,687,600‌

Alarm.com

Holdings,

Inc.

(b)

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

262,822

14,867,841‌

BlackLine,

Inc.

(b)

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

455,505

25,790,693‌

Box,

Inc.

Class

(a)

(b)

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

1,275,239

43,574,917‌

Cleanspark,

Inc.

(a)

(b)

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

2,450,210

27,025,816‌

Clear

Secure,

Inc.

Class

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

812,510

22,555,278‌

InterDigital,

Inc.

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

228,405

51,215,253‌

LiveRamp

Holdings,

Inc.

(b)

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

301,447

9,959,809‌

MARA

Holdings,

Inc.

(a)

(b)

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

3,099,138

48,594,484‌

N-able,

Inc.

(b)

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

279,953

2,267,619‌

Progress

Software

Corp.

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

378,894

24,188,593‌

Sprinklr,

Inc.

Class

(a)

(b)

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

384,531

3,253,132‌

SPS

Commerce,

Inc.

(b)

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

334,446

45,514,756‌

Teradata

Corp.

(b)

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

294,263

6,565,008‌

402,871,222‌

Specialized

REITs

—

0.6%

Four

Corners

Property

Trust,

Inc.

..........

478,038

12,864,003‌

Outfront

Media,

Inc.

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

1,221,165

19,929,413‌

Uniti

Group,

Inc.

(b)

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

1,007,151

4,350,892‌

37,144,308‌

Specialty

Retail

—

1.4%

Boot

Barn

Holdings,

Inc.

(b)

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

269,640

40,985,280‌

Buckle,

Inc.

(The)

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

133,444

6,051,686‌

Group

Automotive,

Inc.

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

54,689

23,883,233‌

Urban

Outfitters,

Inc.

(a)

(b)

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

223,297

16,197,964‌

87,118,163‌

Textiles,

Apparel

Luxury

Goods

—

0.9%

Hanesbrands,

Inc.

(a)

(b)

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

1,645,507

7,536,422‌

Kontoor

Brands,

Inc.

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

440,352

29,050,021‌

Steven

Madden

Ltd.

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

420,020

10,072,080‌

Wolverine

World

Wide,

Inc.

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

485,307

8,774,351‌

55,432,874‌

Trading

Companies

Distributors

—

1.0%

DNOW,

Inc.

(a)

(b)

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

530,878

7,872,921‌

DXP

Enterprises,

Inc.

(a)

(b)

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

111,822

9,801,198‌

GMS,

Inc.

(b)

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

216,359

23,529,041‌

Rush

Enterprises,

Inc.

Class

...........

334,119

17,210,470‌

58,413,630‌

Water

Utilities

—

0.3%

American

States

Water

Co.

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

169,559

12,998,393‌

Middlesex

Water

Co.

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

78,987

4,279,516‌

17,277,909‌

Wireless

Telecommunication

Services

—

0.1%

Gogo,

Inc.

(a)

(b)

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

242,297

3,556,920‌

Total

Long-Term

Investments

—

(Cost:

5,189,685,458

)

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

6,045,036,316‌

Schedule

Investments

(unaudited)

(continued)

June

30,

2025

iShares

S&P

Small-Cap

600

Growth

ETF

(Percentages

shown

are

based

Net

Assets)

Affiliates

Investments

issuers

considered

affiliate(s)

the

Fund

during

the period

ended

June

30,

2025

for

purposes

Section

2(a)(3)

the

Investment

Company

Act

1940,

amended,

were

follows:

Security

Value

Short-Term

Securities

Money

Market

Funds

—

5.8%

(e)(f)

BlackRock

Cash

Funds:

Institutional,

Agency

4.47

(g)

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

346,005,761

346,144,162‌

BlackRock

Cash

Funds:

Treasury,

Agency

4.30

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

8,177,821

8,177,821‌

Total

Short-Term

Securities

—

(Cost:

354,103,193

)

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

354,321,983‌

Total

Investments

—

105

(Cost:

5,543,788,651

)

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

6,399,358,299‌

Liabilities

Excess

Other

Assets

—

(

5.6

)

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

(

340,911,842‌

)

Net

Assets

—

100.0%

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

6,058,446,457‌

(a)

All

portion

this

security

loan.

(b)

Non-income

producing

security.

(c)

This

security

may

resold

qualified

foreign

investors

and

foreign

institutional

buyers

under

Regulation

the

Securities

Act

1933.

(d)

Security

valued

using

significant

unobservable

inputs

and

classified

Level

the

fair

value

hierarchy.

(e)

Affiliate

the

Fund.

(f)

Annualized

7-day

yield

period

end.

(g)

All

portion

this

security

was

purchased

with

the

cash

collateral

from

loaned

securities.

Affiliated

Issuer

Value

03/31/25

Purchases

Cost

Proceeds

from

Sales

Net

Realized

Gain

(Loss)

Change

Unrealized

Appreciation

(Depreciation)

Value

06/30/25

Held

06/30/25

Income

Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

Agency

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

393,074,906

—

(

46,895,658

)

(a)

(

9,844

)

(

25,242

)

346,144,162

346,005,761

228,750

(b)

—

BlackRock

Cash

Funds:

Treasury,

Agency

20,421,688

—

(

12,243,867

)

(a)

—

8,177,821

165,145

—

(

9,844

)

(

25,242

)

354,321,983

393,895

—

(a)

Represents

net

amount

purchased

(sold).

(b)

All

portion

represents

securities

lending

income

earned

from

the

reinvestment

cash

collateral

from

loaned

securities,

net

collateral

investment

fees,

and

other

payments

and

from

borrowers

securities.

Derivative

Financial

Instruments

Outstanding

Period

End

Futures

Contracts

Description

Number

Contracts

Expiration

Date

Notional

Amount

(000)

Value/

Unrealized

Appreciation

(Depreciation)

Long

Contracts

Russell

2000

E-Mini

Index

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

09/19/25

5,808

68,998

Schedule

Investments

(unaudited)

(continued)

June

30,

2025

iShares

S&P

Small-Cap

600

Growth

ETF

Equity

Swap

Contracts

Reference

Entity

Counterparty

Notional

Amount

Termination

Date

Spread

Reference

Rate

Payment

Frequency

Value/Unrealized

Appreciation

(Depreciation)

Long

contracts

(a)

Central

Pacific

Financial

Corp.

JPMorgan

Chase

Bank

USD

100,943‌

02/09/26

0.40%

OBFR01

Monthly

3,580‌

Douglas

Emmett,

Inc.

........

HSBC

Bank

plc

80,045‌

02/09/28

0.40%

OBFR01

Monthly

2,299‌

Douglas

Emmett,

Inc.

........

JPMorgan

Chase

Bank

891,966‌

02/09/26

0.40%

OBFR01

Monthly

25,624‌

Employers

Holdings,

Inc.

......

JPMorgan

Chase

Bank

27,924‌

02/09/26

0.40%

OBFR01

Monthly

54‌

First

Bancorp

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

JPMorgan

Chase

Bank

17,505‌

02/09/26

0.40%

OBFR01

Monthly

492‌

Fulton

Financial

Corp.

........

HSBC

Bank

plc

84,885‌

02/09/28

0.40%

OBFR01

Monthly

2,122‌

Moelis

Co.

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

Goldman

Sachs

Bank

USA

2,917,206‌

08/19/26

0.40%

FEDL01

Monthly

290,280‌

Moelis

Co.

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

JPMorgan

Chase

Bank

784,356‌

02/09/26

0.40%

OBFR01

Monthly

79,524‌

Pitney

Bowes,

Inc.

..........

HSBC

Bank

plc

64,612‌

02/09/28

0.40%

OBFR01

Monthly

2,332‌

Pitney

Bowes,

Inc.

..........

JPMorgan

Chase

Bank

1,213,088‌

02/09/26

0.40%

OBFR01

Monthly

43,777‌

Sealed

Air

Corp.

...........

HSBC

Bank

plc

94,625‌

02/09/28

0.40%

OBFR01

Monthly

(

5,352‌

)

WSFS

Financial

Corp.

.......

HSBC

Bank

plc

59,735‌

02/09/28

0.40%

OBFR01

Monthly

1,975‌

Total

long

positions

equity

swaps

446,707‌

Total

long

and

short

position

equity

swaps

446,707‌

Net

dividends

and

financing

fees

38,501‌

Total

equity

swap

contracts

including

dividends

and

financing

fees

485,208‌

(a)

The

Fund

receives

the

total

return

reference

entity

and

pays

variable

rate

interest,

based

specified

benchmark.

The

benchmark

and

spread

are

determined

based

upon

the

country

and/or

currency

the

individual

underlying

position.

Schedule

Investments

(unaudited)

(continued)

June

30,

2025

iShares

S&P

Small-Cap

600

Growth

ETF

Fair

Value

Hierarchy

Period

End

Various

inputs

are

used

determining

the

fair

value

financial

instruments

the

measurement

date.

These

inputs

valuation

techniques

are

categorized

into

fair

value

hierarchy

consisting

three

broad

levels

for

financial

reporting

purposes

follows:

Level

—

Unadjusted

price

quotations

active

markets/exchanges

that

the

Fund

has

the

ability

access

for

identical

assets

liabilities;

Level

—

Inputs

other

than

quoted

prices

included

within

Level

that

are

observable

for

the

asset

liability,

either

directly

indirectly;

and

Level

—

Inputs

that

are

unobservable

and

significant

the

entire

fair

value

measurement

for

the

asset

liability

(including

the

Valuation

Committee's

assumptions

used

determining

the

fair

value

financial

instruments).

The

hierarchy

gives

the

highest

priority

unadjusted

quoted

prices

active

markets

for

identical

assets

liabilities

(Level

measurements)

and

the

lowest

priority

unobservable

inputs

(Level

measurements).

Accordingly,

the

degree

judgment

exercised

determining

fair

value

greatest

for

instruments

categorized

Level

The

inputs

used

measure

fair

value

may

fall

into

different

levels

the

fair

value

hierarchy.

such

cases,

for

disclosure

purposes,

the

fair

value

hierarchy

classification

determined

based

the

lowest

level

input

that

significant

the

fair

value

measurement

its

entirety.

Investments

classified

within

Level

have

significant

unobservable

inputs

used

the

Valuation

Committee

determining

the

price

for

Fair

Valued

Investments.

Level

investments

include

equity

debt

issued

privately

held

companies

funds,

that

may

not have

secondary

market,

and/

may

have

limited

number

investors.

The

categorization

value

determined

for

financial

instruments

based

the

pricing

transparency

the

financial

instruments

and

not

necessarily

indication

the

risks

associated

with

investing

those

securities.

For

information

about

the

Fund’s

policy

regarding

valuation

financial

instruments,

refer

its

most

recent

financial

statements.

The

following

table

summarizes

the

Fund’s

financial

instruments

categorized

the

fair

value

hierarchy.

The

breakdown

the

Fund's

financial

instruments

into

major