UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-22649

iShares U.S. ETF Trust

(Exact name of registrant as specified in charter)

c/o: State Street Bank and Trust Company

100 Summer Street, 4^th Floor, Boston, MA 02110

(Address of principal executive offices) (Zip code)

The Corporation Trust Company

1209 Orange Street, Wilmington, DE 19801

(Name and address of agent for service)

Registrant’s telephone number, including area code: (415) 670-2000

Date of fiscal year end: July 31, 2018

Date of reporting period: April 30, 2018

Item 1. Schedules of Investments.

Schedule of Investments (Unaudited)

iSHARES^® EVOLVED U.S. CONSUMER STAPLES ETF

April 30, 2018

Security	Shares		Value
COMMON STOCKS — 99.28%
ADVERTISING — 0.10%
Omnicom Group Inc.		64	$	4,714
				4,714
AGRICULTURE — 12.64%
Altria Group Inc.		4,060		227,806
Archer-Daniels-Midland Co.		1,720		78,054
Philip Morris International Inc.		3,576		293,232
Universal Corp./VA		84		3,952
Vector Group Ltd.		136		2,652
				605,696
BEVERAGES — 27.46%
Boston Beer Co. Inc. (The) NVSa		24		5,380
Brown-Forman Corp. Class A		280		14,943
Brown-Forman Corp. Class B NVS		908		50,884
Coca-Cola Co. (The)		10,732		463,730
Constellation Brands Inc. Class A		532		124,025
Dr Pepper Snapple Group Inc.		872		104,605
MGP Ingredients Inc.		44		4,215
Molson Coors Brewing Co. Class B		600		42,744
Monster Beverage Corp.a		2,028		111,540
National Beverage Corp.		60		5,302
PepsiCo Inc.		3,848		388,417
				1,315,785
BIOTECHNOLOGY — 0.05%
Incyte Corp.a		36		2,230
				2,230
CHEMICALS — 4.08%
Balchem Corp.		44		3,883
FMC Corp.		156		12,438
International Flavors & Fragrances Inc.		196		27,687
Monsanto Co.		1,156		144,928
Sensient Technologies Corp.		96		6,398
				195,334
COMMERCIAL SERVICES — 0.57%
Ecolab Inc.		160		23,163
Nutrisystem Inc.		60		1,740
Weight Watchers International Inc.a		36		2,522
				27,425
COMPUTERS — 0.10%
HP Inc.		220		4,728
				4,728

Security	Shares		Value
COSMETICS & PERSONAL CARE — 8.83%
Colgate-Palmolive Co.		2,124	$	138,548
Coty Inc. Class A		704		12,214
Edgewell Personal Care Co.a		100		4,405
Estee Lauder Companies Inc. (The) Class A		108		15,994
Procter & Gamble Co. (The)		3,484		252,033
				423,194
DISTRIBUTION & WHOLESALE — 0.04%
Core-Mark Holding Co. Inc.		92		1,896
				1,896
DIVERSIFIED FINANCIAL SERVICES — 0.24%
CME Group Inc.		72		11,353
				11,353
ELECTRIC — 0.25%
Entergy Corp.		148		12,075
				12,075
ELECTRICAL COMPONENTS & EQUIPMENT — 0.13%
Energizer Holdings Inc.		112		6,424
				6,424
FOOD — 26.62%
B&G Foods Inc.		308		7,007
Cal-Maine Foods Inc.a		80		3,896
Calavo Growers Inc.		44		4,123
Campbell Soup Co.		852		34,745
Conagra Brands Inc.		1,768		65,540
Darling Ingredients Inc.a		348		5,965
Dean Foods Co.		324		2,790
Flowers Foods Inc.		476		10,762
General Mills Inc.		2,808		122,822
Hain Celestial Group Inc. (The)a		416		12,118
Hershey Co. (The)		620		57,003
Hormel Foods Corp.		964		34,945
Hostess Brands Inc.a		260		3,653
Ingredion Inc.		228		27,608
J&J Snack Foods Corp.		52		7,145
JM Smucker Co. (The)		500		57,040
John B Sanfilippo & Son Inc.		36		2,048
Kellogg Co.		1,316		77,512
Kraft Heinz Co. (The)		3,120		175,906
Lamb Weston Holdings Inc.		516		33,705
Lancaster Colony Corp.		68		8,540
McCormick & Co. Inc./MD NVS		404		42,586
Mondelez International Inc. Class A		5,900		233,050
Performance Food Group Co.a		184		5,971
Pilgrim’s Pride Corp.a		120		2,592
Pinnacle Foods Inc.		468		28,267

1

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. CONSUMER STAPLES ETF

April 30, 2018

Security	Shares		Value
Post Holdings Inc.a		292	$	23,234
Sanderson Farms Inc.		48		5,336
Sprouts Farmers Market Inc.a		180		4,505
Sysco Corp.		1,096		68,544
Tootsie Roll Industries Inc.		56		1,599
TreeHouse Foods Inc.a		256		9,856
Tyson Foods Inc. Class A		1,104		77,390
U.S. Foods Holding Corp.a		404		13,809
United Natural Foods Inc.a		88		3,962
				1,275,574
HOLDING COMPANIES - DIVERSIFIED — 0.08%
Leucadia National Corp.		152		3,654
				3,654
HOME FURNISHINGS — 0.18%
Whirlpool Corp.		56		8,677
				8,677
HOUSEHOLD PRODUCTS & WARES — 2.02%
ACCO Brands Corp.		124		1,494
Central Garden & Pet Co. NVSa		52		1,846
Church & Dwight Co. Inc.		412		19,034
Clorox Co. (The)		164		19,221
Kimberly-Clark Corp.		516		53,427
Spectrum Brands Holdings Inc.		28		2,019
				97,041
HOUSEWARES — 0.16%
Scotts Miracle-Gro Co. (The)		56		4,680
Tupperware Brands Corp.		64		2,852
				7,532
MACHINERY — 0.21%
AGCO Corp.		92		5,767
Middleby Corp. (The)a		36		4,530
				10,297
MANUFACTURING — 0.18%
AptarGroup Inc.		36		3,366
John Bean Technologies Corp.		48		5,172
				8,538
OIL & GAS — 0.24%
Valero Energy Corp.		104		11,537
				11,537
PACKAGING & CONTAINERS — 1.75%
Ball Corp.		836		33,515
Bemis Co. Inc.		180		7,789
Crown Holdings Inc.a		328		16,348
Owens-Illinois Inc.a		312		6,343

Security	Shares		Value
Packaging Corp. of America		20	$	2,314
Sealed Air Corp.		104		4,560
Silgan Holdings Inc.		148		4,154
Sonoco Products Co.		168		8,628
				83,651
PHARMACEUTICALS — 1.31%
Neogen Corp.a		108		7,360
Prestige Brands Holdings Inc.a		88		2,591
Zoetis Inc.		632		52,759
				62,710
RETAIL — 11.62%
Casey’s General Stores Inc.		44		4,250
Cheesecake Factory Inc. (The)		56		2,909
Chipotle Mexican Grill Inc.a		56		23,707
Costco Wholesale Corp.		244		48,107
Darden Restaurants Inc.		140		13,000
Dunkin’ Brands Group Inc.		156		9,510
Jack in the Box Inc.		36		3,229
McDonald’s Corp.		1,224		204,947
Starbucks Corp.		2,980		171,559
Walmart Inc.		200		17,692
Wendy’s Co. (The)		120		2,009
Wingstop Inc.		36		1,759
Yum China Holdings Inc.		440		18,814
Yum! Brands Inc.		408		35,537
				557,029
SOFTWARE — 0.18%
Activision Blizzard Inc.		132		8,758
				8,758
TOYS, GAMES & HOBBIES — 0.24%
Hasbro Inc.		52		4,581
Mattel Inc.		476		7,045
				11,626
TOTAL COMMON STOCKS (Cost: $4,897,228)				4,757,478

2

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. CONSUMER STAPLES ETF

April 30, 2018

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.61%
MONEY MARKET FUNDS — 0.61%
BlackRock Cash Funds: Treasury, SL Agency Shares
1.61%b,c		29,535	$	29,535
				29,535
TOTAL SHORT-TERM INVESTMENTS (Cost: $29,535)				29,535
TOTAL INVESTMENTS IN SECURITIES — 99.89%
(Cost: $4,926,763)				4,787,013
Other Assets, Less Liabilities — 0.11%				5,120
NET ASSETS — 100.00%			$	4,792,133

NVS  —  Non-Voting Shares

^a  Non-income producing security.

^b  Affiliate of the Fund.

^c  Annualized 7-day yield as of period end.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the period ended April 30, 2018, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated issuer	Shares held at 03/21/18a		Shares purchased		Shares sold		Shares held at 04/30/18		Value at 04/30/18		Income		Net realized gain (loss)		Change in unrealized appreciation (depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		—		29,535b		—		29,535	$	29,535	$	40	$	—	$	—

^a  The Fund commenced operations on March 21, 2018.

^b  Net of purchases and sales.

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of April 30, 2018. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Common stocks	$	4,757,478	$	—	$	—	$	4,757,478
Money market funds		29,535		—		—		29,535
Total	$	4,787,013	$	—	$	—	$	4,787,013

3

Schedule of Investments (Unaudited)

iSHARES^® EVOLVED U.S. DISCRETIONARY SPENDING ETF

April 30, 2018

Security	Shares		Value
COMMON STOCKS — 99.44%
AIRLINES — 0.24%
Alaska Air Group Inc.		104	$	6,753
JetBlue Airways Corp.a		276		5,296
				12,049
APPAREL — 7.40%
Carter’s Inc.		140		14,045
Columbia Sportswear Co.		72		5,977
Crocs Inc.a		136		2,149
Deckers Outdoor Corp.a		84		7,834
Hanesbrands Inc.		736		13,594
NIKE Inc. Class B		2,644		180,823
Oxford Industries Inc.		48		3,698
PVH Corp.		204		32,572
Ralph Lauren Corp.		140		15,379
Skechers U.S.A. Inc. Class Aa		336		9,576
Steven Madden Ltd.		148		7,141
Under Armour Inc. Class Aa		404		7,175
Under Armour Inc. Class C NVSa		412		6,324
VF Corp.		784		63,402
Wolverine World Wide Inc.		124		3,715
				373,404
BUILDING MATERIALS — 0.10%
American Woodmark Corp.a		16		1,315
Masco Corp.		104		3,939
				5,254
CHEMICALS — 0.07%
Valvoline Inc.		168		3,407
				3,407
COMMERCIAL SERVICES — 1.29%
Aaron’s Inc.		144		6,015
Avis Budget Group Inc.a		68		3,360
Bright Horizons Family Solutions Inc.a		20		1,898
Brink’s Co. (The)		36		2,657
Cintas Corp.		72		12,261
Euronet Worldwide Inc.a		40		3,124
Grand Canyon Education Inc.a		36		3,744
H&R Block Inc.		224		6,193
LendingTree Inc.a		4		954
ManpowerGroup Inc.		60		5,743
Monro Inc.		68		3,805
Rollins Inc.		80		3,882
ServiceMaster Global Holdings Inc.a		136		6,881
Sotheby’sa		36		1,901
Weight Watchers International Inc.a		36		2,522
				64,940

Security	Shares		Value
COMPUTERS — 0.48%
Apple Inc.		148	$	24,458
				24,458
COSMETICS & PERSONAL CARE — 4.95%
Coty Inc. Class A		344		5,968
Estee Lauder Companies Inc. (The) Class A		364		53,905
Procter & Gamble Co. (The)		2,628		190,110
				249,983
DISTRIBUTION & WHOLESALE — 1.22%
Fastenal Co.		380		18,996
G-III Apparel Group Ltd.a		116		4,233
HD Supply Holdings Inc.a		124		4,800
KAR Auction Services Inc.		96		4,991
LKQ Corp.a		204		6,328
Pool Corp.		44		6,108
SiteOne Landscape Supply Inc.a		36		2,466
WW Grainger Inc.		48		13,505
				61,427
DIVERSIFIED FINANCIAL SERVICES — 0.19%
Alliance Data Systems Corp.		36		7,310
Blackhawk Network Holdings Inc.a		48		2,155
				9,465
ENTERTAINMENT — 0.93%
Cinemark Holdings Inc.		128		5,014
Eldorado Resorts Inc.a		80		3,240
Live Nation Entertainment Inc.a		180		7,105
Madison Square Garden Co. (The) Class Aa		20		4,860
Marriott Vacations Worldwide Corp.		24		2,943
Pinnacle Entertainment Inc.a		60		1,927
Red Rock Resorts Inc. Class A		116		3,502
Scientific Games Corp./DE Class Aa		44		2,345
Six Flags Entertainment Corp.		68		4,300
Vail Resorts Inc.		52		11,924
				47,160
FOOD — 2.15%
Flowers Foods Inc.		180		4,070
Kroger Co. (The)		2,420		60,960
Performance Food Group Co.a		128		4,154
Sprouts Farmers Market Inc.a		252		6,308
Sysco Corp.		364		22,764
U.S. Foods Holding Corp.a		216		7,383
United Natural Foods Inc.a		68		3,061
				108,700

4

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. DISCRETIONARY SPENDING ETF

April 30, 2018

Security	Shares		Value
FOOD SERVICE — 0.24%
Aramark		320	$	11,965
				11,965
HAND & MACHINE TOOLS — 0.05%
Snap-on Inc.		16		2,324
				2,324
HOME BUILDERS — 0.23%
PulteGroup Inc.		172		5,222
Taylor Morrison Home Corp. Class Aa		80		1,901
Toll Brothers Inc.		104		4,384
				11,507
HOME FURNISHINGS — 0.10%
Sleep Number Corp.a		68		1,927
Tempur Sealy International Inc.a		68		3,043
				4,970
HOUSEHOLD PRODUCTS & WARES — 0.29%
Kimberly-Clark Corp.		128		13,253
Spectrum Brands Holdings Inc.		16		1,154
				14,407
HOUSEWARES — 0.33%
Newell Brands Inc.		432		11,936
Scotts Miracle-Gro Co. (The)		32		2,674
Tupperware Brands Corp.		44		1,961
				16,571
INTERNET — 14.39%
Amazon.com Inc.a		344		538,749
Booking Holdings Inc.a		56		121,968
Cars.com Inc.a		60		1,709
eBay Inc.a		332		12,576
Etsy Inc.a		116		3,473
Expedia Group Inc.		52		5,987
Groupon Inc.a		484		2,246
GrubHub Inc.a		88		8,900
Liberty Expedia Holdings Inc. Class Aa		64		2,611
MercadoLibre Inc.		44		14,943
Shutterfly Inc.a		28		2,266
Stamps.com Inc.a		12		2,733
TripAdvisor Inc.a		100		3,742
Wayfair Inc. Class Aa		72		4,485
				726,388
LEISURE TIME — 0.92%
Carnival Corp.		556		35,062
Planet Fitness Inc. Class Aa		208		8,380
Polaris Industries Inc.		28		2,935
				46,377

Security	Shares		Value
LODGING — 4.01%
Boyd Gaming Corp.		96	$	3,188
Caesars Entertainment Corp.a		156		1,771
Choice Hotels International Inc.		64		5,123
Extended Stay America Inc.		172		3,368
Hilton Grand Vacations Inc.a		84		3,612
Hilton Worldwide Holdings Inc.		344		27,121
Hyatt Hotels Corp. Class A		64		4,920
ILG Inc.		140		4,778
La Quinta Holdings Inc.a		156		3,048
Las Vegas Sands Corp.		496		36,372
Marriott International Inc./MD Class A		392		53,579
MGM Resorts International		572		17,972
Wyndham Worldwide Corp.		164		18,730
Wynn Resorts Ltd.		100		18,619
				202,201
MACHINERY — 0.09%
Middleby Corp. (The)a		20		2,517
Welbilt Inc.a		100		1,916
				4,433
OFFICE FURNISHINGS — 0.03%
Herman Miller Inc.		48		1,474
				1,474
OIL & GAS — 0.06%
Murphy USA Inc.a		48		3,003
				3,003
PHARMACEUTICALS — 0.40%
CVS Health Corp.		292		20,390
				20,390
REAL ESTATE — 0.08%
RE/MAX Holdings Inc. Class A		28		1,516
Realogy Holdings Corp.		100		2,481
				3,997
REAL ESTATE INVESTMENT TRUSTS — 0.63%
Apple Hospitality REIT Inc.		168		3,022
Host Hotels & Resorts Inc.		532		10,406
Macerich Co. (The)		104		5,992
Park Hotels & Resorts Inc.		120		3,454
Ryman Hospitality Properties Inc.		32		2,508
Tanger Factory Outlet Centers Inc.		120		2,634
Taubman Centers Inc.		72		4,031
				32,047

5

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. DISCRETIONARY SPENDING ETF

April 30, 2018

Security	Shares		Value
RETAIL — 57.33%
Abercrombie & Fitch Co. Class A		184	$	4,714
Advance Auto Parts Inc.		168		19,228
American Eagle Outfitters Inc.		468		9,678
AutoNation Inc.a		84		3,880
AutoZone Inc.a		60		37,471
Beacon Roofing Supply Inc.a		48		2,350
Bed Bath & Beyond Inc.		380		6,635
Best Buy Co. Inc.		540		41,326
Big Lots Inc.		124		5,264
BJ’s Restaurants Inc.		36		2,011
Bloomin’ Brands Inc.		192		4,543
Brinker International Inc.		116		5,056
Buckle Inc. (The)		76		1,752
Burlington Stores Inc.a		196		26,627
Caleres Inc.		100		3,273
CarMax Inc.a		272		17,000
Casey’s General Stores Inc.		84		8,114
Cheesecake Factory Inc. (The)		84		4,364
Chico’s FAS Inc.		384		3,813
Children’s Place Inc. (The)		56		7,143
Chipotle Mexican Grill Inc.a		44		18,626
Copart Inc.a		72		3,678
Costco Wholesale Corp.		1,016		200,314
Cracker Barrel Old Country Store Inc.		56		9,217
Darden Restaurants Inc.		268		24,886
Dave & Buster’s Entertainment Inc.a		108		4,589
Denny’s Corp.a		144		2,521
Dick’s Sporting Goods Inc.		208		6,883
Dillard’s Inc. Class A		36		2,684
Dine Brands Global Inc.		44		3,491
Dollar General Corp.		704		67,957
Dollar Tree Inc.a		704		67,506
Domino’s Pizza Inc.		104		25,140
DSW Inc. Class A		192		4,282
Dunkin’ Brands Group Inc.		100		6,096
Express Inc.a		240		1,882
FirstCash Inc.		76		6,589
Five Below Inc.a		156		11,015
Floor & Decor Holdings Inc. Class Aa		72		4,002
Foot Locker Inc.		256		11,028
GameStop Corp. Class A		212		2,894
Gap Inc. (The)		696		20,351
Genesco Inc.a		56		2,394
Genuine Parts Co.		124		10,952
Guess? Inc.		140		3,261
Home Depot Inc. (The)		2,560		473,088
Jack in the Box Inc.		64		5,741
JC Penney Co. Inc.a		548		1,595
Kohl’s Corp.		488		30,314
L Brands Inc.		760		26,532
La-Z-Boy Inc.		72		2,074
Lithia Motors Inc. Class A		28		2,684
Lowe’s Companies Inc.		1,580		130,239
Lululemon Athletica Inc.a		284		28,343
Macy’s Inc.		672		20,879

Security	Shares		Value
McDonald’s Corp.		1,296	$	217,002
Michaels Companies Inc. (The)a		336		6,256
MSC Industrial Direct Co. Inc. Class A		40		3,458
Nordstrom Inc.		280		14,157
O’Reilly Automotive Inc.a		200		51,214
Office Depot Inc.		956		2,189
Ollie’s Bargain Outlet Holdings Inc.a		124		7,713
Papa John’s International Inc.		60		3,720
PriceSmart Inc.		56		4,906
RHa		56		5,345
Rite Aid Corp.a		1,812		3,026
Ross Stores Inc.		1,100		88,935
Ruth’s Hospitality Group Inc.		72		1,933
Sally Beauty Holdings Inc.a		324		5,602
Sonic Corp.		68		1,762
Starbucks Corp.		1,880		108,232
Tailored Brands Inc.		140		4,417
Tapestry Inc.		740		39,790
Target Corp.		1,496		108,610
Texas Roadhouse Inc.		144		9,227
Tiffany & Co.		256		26,324
TJX Companies Inc. (The)		1,708		144,924
Tractor Supply Co.		332		22,576
Ulta Salon Cosmetics & Fragrance Inc.a		160		40,146
Urban Outfitters Inc.a		200		8,054
Walgreens Boots Alliance Inc.		1,260		83,727
Walmart Inc.		3,468		306,779
Wendy’s Co. (The)		340		5,692
Williams-Sonoma Inc.		228		10,898
Wingstop Inc.		48		2,345
Yum China Holdings Inc.		764		32,669
Yum! Brands Inc.		724		63,060
				2,892,657
SOFTWARE — 0.11%
CDK Global Inc.		84		5,480
				5,480
TEXTILES — 0.05%
UniFirst Corp./MA		16		2,570
				2,570
TOYS, GAMES & HOBBIES — 0.26%
Hasbro Inc.		96		8,457
Mattel Inc.		312		4,617
				13,074

6

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. DISCRETIONARY SPENDING ETF

April 30, 2018

Security	Shares		Value
TRANSPORTATION — 0.82%
FedEx Corp.		168	$	41,530
				41,530
TOTAL COMMON STOCKS (Cost: $4,932,179)				5,017,612
SHORT-TERM INVESTMENTS — 0.50%
MONEY MARKET FUNDS — 0.50%
BlackRock Cash Funds: Treasury, SL Agency Shares
1.61%b,c		25,452		25,452
				25,452
TOTAL SHORT-TERM INVESTMENTS (Cost: $25,452)				25,452
TOTAL INVESTMENTS IN SECURITIES — 99.94% (Cost: $4,957,631)				5,043,064
Other Assets, Less Liabilities — 0.06%				2,922
NET ASSETS — 100.00%			$	5,045,986

NVS  —  Non-Voting Shares

^a  Non-income producing security.

^b  Affiliate of the Fund.

^c  Annualized 7-day yield as of period end.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the period ended April 30, 2018, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated issuer	Shares held at 03/21/18a		Shares purchased		Shares sold		Shares held at 04/30/18		Value at 04/30/18		Income		Net realized gain (loss)		Change in unrealized appreciation (depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		—		25,452b		—		25,452	$	25,452	$	37	$	—	$	—

^a  The Fund commenced operations on March 21, 2018.

^b  Net of purchases and sales.

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of April 30, 2018. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Common stocks	$	5,017,612	$	—	$	—	$	5,017,612
Money market funds		25,452		—		—		25,452
Total	$	5,043,064	$	—	$	—	$	5,043,064

7

Schedule of Investments (Unaudited)

iSHARES^® EVOLVED U.S. FINANCIALS ETF

April 30, 2018

Security	Shares		Value
COMMON STOCKS — 99.22%
BANKS — 53.64%
Ameris Bancorp.		64	$	3,309
Associated Banc-Corp.		288		7,618
BancFirst Corp.		32		1,829
Bank of America Corp.		13,072		391,114
Bank of Hawaii Corp.		72		6,063
Bank of New York Mellon Corp. (The)		1,316		71,735
Bank of the Ozarks Inc.		200		9,360
BankUnited Inc.		180		7,130
Banner Corp.		52		2,985
BB&T Corp.		1,288		68,006
BOK Financial Corp.		40		4,027
Boston Private Financial Holdings Inc.		128		2,054
Bryn Mawr Bank Corp.		40		1,784
Capital One Financial Corp.		676		61,259
Cathay General Bancorp.		136		5,441
CenterState Bank Corp.		140		4,057
Chemical Financial Corp.		120		6,587
CIT Group Inc.		196		10,378
Citizens Financial Group Inc.		764		31,698
City Holding Co.		28		2,004
Columbia Banking System Inc.		124		4,986
Comerica Inc.		272		25,726
Commerce Bancshares Inc./MO		160		10,163
Community Bank System Inc.		88		4,950
ConnectOne Bancorp. Inc.		56		1,478
Cullen/Frost Bankers Inc.		100		11,445
CVB Financial Corp.		180		3,987
Eagle Bancorp. Inc.a		52		3,052
East West Bancorp. Inc.		248		16,522
Enterprise Financial Services Corp.		40		2,034
FCB Financial Holdings Inc. Class Aa		68		3,930
Fifth Third Bancorp.		1,156		38,345
First BanCorp./Puerto Ricoa		320		2,310
First Bancorp./Southern Pines NC		52		1,984
First Busey Corp.		76		2,253
First Citizens BancShares Inc./NC Class A		12		5,188
First Commonwealth Financial Corp.		180		2,725
First Financial Bancorp.		173		5,354
First Financial Bankshares Inc.		112		5,550
First Hawaiian Inc.		92		2,535
First Horizon National Corp.		536		9,809
First Interstate BancSystem Inc. Class A		56		2,268
First Midwest Bancorp. Inc.		180		4,376
FNB Corp./PA		552		7,176
Fulton Financial Corp.		300		5,070
Glacier Bancorp. Inc.		136		5,036
Goldman Sachs Group Inc. (The)		536		127,745
Great Western Bancorp. Inc.		100		4,114
Hancock Holding Co.		140		6,839
Hanmi Financial Corp.		56		1,546
Heartland Financial USA Inc.		52		2,790
Heritage Financial Corp./WA		56		1,663
Hilltop Holdings Inc.		128		2,870
Home BancShares Inc./AR		264		6,135
Hope Bancorp Inc.		220		3,804

Security	Shares		Value
Huntington Bancshares Inc./OH		1,628	$	24,274
IBERIABANK Corp.		92		6,895
Independent Bank Corp./Rockland MA		44		3,181
Independent Bank Group Inc.		32		2,285
International Bancshares Corp.		100		3,980
JPMorgan Chase & Co.		3,908		425,112
KeyCorp.		1,772		35,298
Lakeland Bancorp. Inc.		84		1,638
Lakeland Financial Corp.		44		2,091
LegacyTexas Financial Group Inc.		68		2,793
M&T Bank Corp.		100		18,227
MB Financial Inc.		136		5,796
Morgan Stanley		1,936		99,936
National Bank Holdings Corp. Class A		52		1,829
NBT Bancorp. Inc.		76		2,777
Northern Trust Corp.		356		38,003
Old National Bancorp./IN		264		4,541
PacWest Bancorp.		192		9,838
Park National Corp.		24		2,589
Pinnacle Financial Partners Inc.		124		7,942
Popular Inc.		168		7,777
Prosperity Bancshares Inc.		116		8,325
Regions Financial Corp.		1,880		35,156
Renasant Corp.		84		3,799
S&T Bancorp. Inc.		60		2,561
Sandy Spring Bancorp. Inc.		56		2,219
Seacoast Banking Corp. of Floridaa		76		2,100
ServisFirst Bancshares Inc.		72		3,021
Simmons First National Corp. Class A		140		4,228
South State Corp.		64		5,539
Southside Bancshares Inc.		60		2,090
State Bank Financial Corp.		68		2,143
State Street Corp.		568		56,675
SunTrust Banks Inc.		784		52,371
SVB Financial Groupa		84		25,167
Synovus Financial Corp.		188		9,827
TCF Financial Corp.		216		5,363
Texas Capital Bancshares Inc.a		44		4,341
Tompkins Financial Corp.		28		2,176
U.S. Bancorp.		2,660		134,197
UMB Financial Corp.		72		5,514
Umpqua Holdings Corp.		332		7,822
Union Bankshares Corp.		112		4,235
United Community Banks Inc./GA		128		4,087
Valley National Bancorp.		472		5,924
Webster Financial Corp.		156		9,390
Wells Fargo & Co.		7,720		401,131
WesBanco Inc.		76		3,329
Westamerica Bancorp.		44		2,456
Western Alliance Bancorp.a		120		7,078
Wintrust Financial Corp.		96		8,587
Zions BanCorp.		328		17,958
				2,589,807

8

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. FINANCIALS ETF

April 30, 2018

Security	Shares		Value
COMMERCIAL SERVICES — 3.61%
Automatic Data Processing Inc.		216	$	25,505
CoreLogic Inc./U.S.a		52		2,574
Equifax Inc.		68		7,619
Euronet Worldwide Inc.a		20		1,562
FleetCor Technologies Inc.a		36		7,462
Global Payments Inc.		84		9,496
Green Dot Corp. Class Aa		48		2,919
H&R Block Inc.		80		2,212
HealthEquity Inc.a		32		2,101
Insperity Inc.		24		1,926
LendingTree Inc.a		4		954
MarketAxess Holdings Inc.		28		5,562
Moody’s Corp.		140		22,708
PayPal Holdings Inc.a		32		2,388
S&P Global Inc.		152		28,667
Service Corp. International/U.S.		84		3,067
Total System Services Inc.		140		11,768
Verisk Analytics Inc.a		108		11,497
Western Union Co. (The)		268		5,293
WEX Inc.a		32		5,182
Worldpay Inc. Class Aa		172		13,970
				174,432
DIVERSIFIED FINANCIAL SERVICES — 13.88%
Affiliated Managers Group Inc.		52		8,573
Alliance Data Systems Corp.		28		5,685
Ally Financial Inc.		648		16,913
American Express Co.		900		88,875
Ameriprise Financial Inc.		184		25,799
Artisan Partners Asset Management Inc. Class A		52		1,672
BGC Partners Inc. Class A		180		2,405
Cboe Global Markets Inc.		88		9,397
Charles Schwab Corp. (The)		1,668		92,874
CME Group Inc.		208		32,797
Credit Acceptance Corp.a		20		6,617
Discover Financial Services		420		29,925
E*TRADE Financial Corp.a		380		23,058
Eaton Vance Corp. NVS		136		7,397
Evercore Inc. Class A		32		3,240
Financial Engines Inc.		60		2,679
FNF Group		300		11,049
Franklin Resources Inc.		388		13,052
Interactive Brokers Group Inc. Class A		60		4,452
Intercontinental Exchange Inc.		436		31,593
Legg Mason Inc.		116		4,605
LPL Financial Holdings Inc.		100		6,057
Mastercard Inc. Class A		408		72,734
Moelis & Co. Class A		32		1,722
Nasdaq Inc.		88		7,772
Navient Corp.		232		3,076
OneMain Holdings Inc.a		100		3,085
Raymond James Financial Inc.		200		17,950
Santander Consumer USA Holdings Inc.		124		2,288
SEI Investments Co.		128		8,093
SLM Corp.a		612		7,026
Stifel Financial Corp.		104		6,061
Synchrony Financial		856		28,394
T Rowe Price Group Inc.		284		32,325
TD Ameritrade Holding Corp.		264		15,336
Visa Inc. Class A		264		33,496

Security	Shares		Value
Waddell & Reed Financial Inc. Class A		112	$	2,267
				670,339
ELECTRIC — 0.07%
Hawaiian Electric Industries Inc.		96		3,330
				3,330
FOREST PRODUCTS & PAPER — 0.09%
International Paper Co.		84		4,331
				4,331
HEALTH CARE - SERVICES — 2.84%
Aetna Inc.		168		30,080
Anthem Inc.		120		28,319
Cigna Corp.		220		37,801
Molina Healthcare Inc.a		28		2,331
UnitedHealth Group Inc.		156		36,878
WellCare Health Plans Inc.a		8		1,641
				137,050
HOLDING COMPANIES - DIVERSIFIED — 0.18%
HRG Group Inc.a		124		1,394
Leucadia National Corp.		304		7,308
				8,702
INSURANCE — 18.49%
Aflac Inc.		1,200		54,684
Allstate Corp. (The)		516		50,475
American Financial Group Inc./OH		116		13,134
American International Group Inc.		1,516		84,896
American National Insurance Co.		16		1,931
AmTrust Financial Services Inc.		172		2,217
Arthur J Gallagher & Co.		212		14,838
Assurant Inc.		64		5,941
Berkshire Hathaway Inc. Class Ba		552		106,939
Brighthouse Financial Inc.a		132		6,703
Brown & Brown Inc.		272		7,407
Cincinnati Financial Corp.		256		18,007
CNA Financial Corp.		48		2,422
Employers Holdings Inc.		56		2,290
Erie Indemnity Co. Class A NVS		24		2,802
Genworth Financial Inc. Class Aa		736		2,031
Hanover Insurance Group Inc. (The)		68		7,810
Hartford Financial Services Group Inc. (The)		588		31,658
Horace Mann Educators Corp.		68		3,040
Infinity Property & Casualty Corp.		16		2,112
Kemper Corp.		64		4,320
Lincoln National Corp.		340		24,018
Loews Corp.		196		10,282
Markel Corp.a		16		18,081
Marsh & McLennan Companies Inc.		580		47,270

9

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. FINANCIALS ETF

April 30, 2018

Security	Shares		Value
Mercury General Corp.		48	$	2,195
MetLife Inc.		1,316		62,734
MGIC Investment Corp.a		572		5,731
National General Holdings Corp.		96		2,474
NMI Holdings Inc. Class Aa		104		1,440
Principal Financial Group Inc.		460		27,241
ProAssurance Corp.		88		4,162
Progressive Corp. (The)		920		55,467
Prudential Financial Inc.		680		72,298
Radian Group Inc.		328		4,690
RLI Corp.		72		4,556
Safety Insurance Group Inc.		24		1,920
Selective Insurance Group Inc.		92		5,446
Torchmark Corp.		180		15,613
Travelers Companies Inc. (The)		428		56,325
Universal Insurance Holdings Inc.		52		1,687
Unum Group		368		17,804
Voya Financial Inc.		268		14,030
WR Berkley Corp.		156		11,631
				892,752
LEISURE TIME — 0.06%
Harley-Davidson Inc.		68		2,797
				2,797
MACHINERY — 0.69%
Caterpillar Inc.		232		33,492
				33,492
MANUFACTURING — 1.97%
General Electric Co.		6,760		95,113
				95,113
MEDIA — 0.05%
FactSet Research Systems Inc.		12		2,269
				2,269
PHARMACEUTICALS — 0.11%
Express Scripts Holding Co.a		68		5,148
				5,148
REAL ESTATE — 0.04%
Realogy Holdings Corp.		72		1,786
				1,786
REAL ESTATE INVESTMENT TRUSTS — 0.75%
AGNC Investment Corp.		164		3,103
Annaly Capital Management Inc.		784		8,130
Colony NorthStar Inc. Class A		348		2,126
MFA Financial Inc.		276		2,076
New Residential Investment Corp.		212		3,706
Two Harbors Investment Corp.		108		1,648

Security	Shares		Value
Weyerhaeuser Co.		416	$	15,300
				36,089
RETAIL — 0.09%
FirstCash Inc.		24		2,081
Nu Skin Enterprises Inc. Class A		32		2,277
				4,358
SAVINGS & LOANS — 1.38%
Beneficial Bancorp. Inc.		108		1,712
Berkshire Hills Bancorp. Inc.		56		2,125
BofI Holding Inc.a		80		3,222
Brookline Bancorp. Inc.		124		2,058
Capitol Federal Financial Inc.		212		2,644
Investors Bancorp. Inc.		396		5,294
Meridian Bancorp. Inc.		80		1,512
Meta Financial Group Inc.		16		1,778
New York Community Bancorp. Inc.		800		9,504
Northwest Bancshares Inc.		156		2,590
OceanFirst Financial Corp.		68		1,835
Pacific Premier Bancorp. Inc.a		76		3,021
People’s United Financial Inc.		600		10,974
Provident Financial Services Inc.		96		2,508
Sterling Bancorp./DE		380		9,025
Washington Federal Inc.		136		4,318
WSFS Financial Corp.		52		2,605
				66,725
SOFTWARE — 1.28%
Black Knight Inc.a		36		1,751
Broadridge Financial Solutions Inc.		76		8,148
Fidelity National Information Services Inc.		248		23,553
First Data Corp. Class Aa		248		4,489
Fiserv Inc.a		160		11,338
Guidewire Software Inc.a		32		2,708
MSCI Inc.		40		5,993
SS&C Technologies Holdings Inc.		76		3,773
				61,753
TOTAL COMMON STOCKS (Cost: $4,907,004)				4,790,273

10

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. FINANCIALS ETF

April 30, 2018

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.75%
MONEY MARKET FUNDS — 0.75%
BlackRock Cash Funds: Treasury, SL Agency Shares
1.61%b,c		35,979	$	35,979
				35,979
TOTAL SHORT-TERM INVESTMENTS (Cost: $35,979)				35,979
TOTAL INVESTMENTS IN SECURITIES — 99.97% (Cost: $4,942,983)				4,826,252
Other Assets, Less Liabilities — 0.03%				1,603
NET ASSETS — 100.00%			$	4,827,855

NVS  —  Non-Voting Shares

^a  Non-income producing security.

^b  Affiliate of the Fund.

^c  Annualized 7-day yield as of period end.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the period ended April 30, 2018, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated issuer	Shares held at 03/21/18a		Shares purchased		Shares sold		Shares held at 04/30/18		Value at 04/30/18		Income		Net realized gain (loss)		Change in unrealized appreciation (depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		—		35,979b		—		35,979	$	35,979	$	46	$	—	$	—

^a  The Fund commenced operations on March 21, 2018.

^b  Net of purchases and sales.

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of April 30, 2018. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Common stocks	$	4,790,273	$	—	$	—	$	4,790,273
Money market funds		35,979		—		—		35,979
Total	$	4,826,252	$	—	$	—	$	4,826,252

11

Schedule of Investments (Unaudited)

iSHARES^® EVOLVED U.S. HEALTHCARE STAPLES ETF

April 30, 2018

Security	Shares		Value
COMMON STOCKS — 99.21%
AEROSPACE & DEFENSE — 1.08%
Boeing Co. (The)		20	$	6,671
Lockheed Martin Corp.		40		12,834
Northrop Grumman Corp.		76		24,475
Raytheon Co.		52		10,657
				54,637
BIOTECHNOLOGY — 2.84%
Bio-Rad Laboratories Inc. Class Aa		48		12,178
Exact Sciences Corp.a		352		17,603
Illumina Inc.a		440		106,009
Myriad Genetics Inc.a		192		5,432
NeoGenomics Inc.a		240		2,299
				143,521
COMMERCIAL SERVICES — 1.14%
Adtalem Global Education Inc.a		116		5,522
AMN Healthcare Services Inc.a		132		8,824
ASGN Inc.a		32		2,580
Bright Horizons Family Solutions Inc.a		64		6,072
Career Education Corp.a		116		1,505
Graham Holdings Co. Class B		8		4,824
Grand Canyon Education Inc.a		76		7,903
Healthcare Services Group Inc.		176		6,799
HealthEquity Inc.a		56		3,678
HMS Holdings Corp.a		260		4,683
Insperity Inc.		40		3,210
Strayer Education Inc.		20		2,101
				57,701
COMPUTERS — 0.45%
Conduent Inc.a		240		4,671
Leidos Holdings Inc.		136		8,735
MAXIMUS Inc.		140		9,468
				22,874
DIVERSIFIED FINANCIAL SERVICES — 0.04%
WageWorks Inc.a		52		2,166
				2,166
ELECTRICAL COMPONENTS & EQUIPMENT — 0.05%
Novanta Inc.a		44		2,587
				2,587
ELECTRONICS — 1.45%
Agilent Technologies Inc.		572		37,603
OSI Systems Inc.a		36		2,305
PerkinElmer Inc.		208		15,259

Security	Shares		Value
Waters Corp.a		96	$	18,087
				73,254
ENGINEERING & CONSTRUCTION — 0.06%
AECOMa		84		2,893
				2,893
ENVIRONMENTAL CONTROL — 0.11%
Stericycle Inc.a		96		5,636
				5,636
HEALTH CARE - PRODUCTS — 36.45%
Abaxis Inc.		52		3,462
Abbott Laboratories		4,256		247,401
ABIOMED Inc.a		124		37,318
Accelerate Diagnostics Inc.a		96		2,131
Align Technology Inc.a		108		26,984
Analogic Corp.		20		1,662
AngioDynamics Inc.a		96		1,861
AtriCure Inc.a		96		2,134
Atrion Corp.		4		2,488
AxoGen Inc.a		44		1,751
Baxter International Inc.		752		52,264
Becton Dickinson and Co.		688		159,527
Bio-Techne Corp.		56		8,451
BioTelemetry Inc.a		92		3,514
Boston Scientific Corp.a		3,816		109,596
Bruker Corp.		152		4,489
Cantel Medical Corp.		48		5,379
Cardiovascular Systems Inc.a		84		1,919
Cooper Companies Inc. (The)		140		32,019
Cutera Inc.a		28		1,404
Danaher Corp.		1,388		139,244
DENTSPLY SIRONA Inc.		372		18,727
Edwards Lifesciences Corp.a		656		83,548
Foundation Medicine Inc.a		32		2,443
Genomic Health Inc.a		48		1,523
Globus Medical Inc. Class Aa		168		8,600
Haemonetics Corp.a		96		7,492
Halyard Health Inc.a		80		3,790
Henry Schein Inc.a		400		30,400
Hill-Rom Holdings Inc.		160		13,733
Hologic Inc.a		656		25,446
ICU Medical Inc.a		40		10,068
IDEXX Laboratories Inc.a		164		31,896
Inogen Inc.a		52		7,310
Insulet Corp.a		132		11,352
Integer Holdings Corp.a		60		3,294
Integra LifeSciences Holdings Corp.a		168		10,354
Intersect ENT Inc.a		44		1,758
Intuitive Surgical Inc.a		380		167,497
iRhythm Technologies Inc.a		56		3,256
K2M Group Holdings Inc.a		104		1,986

12

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. HEALTHCARE STAPLES ETF

April 30, 2018

Security	Shares		Value
LeMaitre Vascular Inc.		44	$	1,384
Luminex Corp.		92		1,964
Masimo Corp.a		148		13,280
Merit Medical Systems Inc.a		136		6,596
Natus Medical Inc.a		84		2,776
Nevro Corp.a		64		5,719
NuVasive Inc.a		144		7,662
NxStage Medical Inc.a		172		4,579
OPKO Health Inc.a		628		1,909
OraSure Technologies Inc.a		156		2,766
Patterson Companies Inc.		200		4,656
Penumbra Inc.a		84		10,445
Quidel Corp.a		80		4,536
ResMed Inc.		408		38,613
Stryker Corp.		892		151,123
Teleflex Inc.		116		31,074
Thermo Fisher Scientific Inc.		864		181,743
Varex Imaging Corp.a		68		2,447
Varian Medical Systems Inc.a		184		21,269
Zimmer Biomet Holdings Inc.		524		60,349
				1,844,361
HEALTH CARE - SERVICES — 38.59%
Acadia Healthcare Co. Inc.a		256		9,108
Aetna Inc.		980		175,469
Amedisys Inc.a		120		7,931
Anthem Inc.		788		185,960
Brookdale Senior Living Inc.a		476		3,446
Centene Corp.a		588		63,845
Charles River Laboratories International Inc.a		36		3,751
Chemed Corp.		40		12,329
Cigna Corp.		536		92,096
Community Health Systems Inc.a		388		1,467
DaVita Inc.a		608		38,176
Encompass Health Corp.		388		23,598
Ensign Group Inc. (The)		184		5,128
Envision Healthcare Corp.a		504		18,734
HCA Healthcare Inc.		1,180		112,973
Humana Inc.		500		147,090
IQVIA Holdings Inc.a		240		22,982
Kindred Healthcare Inc.		340		3,026
Laboratory Corp. of America Holdingsa		328		56,006
LHC Group Inc.a		115		8,558
LifePoint Health Inc.a		148		7,089
Magellan Health Inc.a		76		6,373
MEDNAX Inc.a		372		17,079
Molina Healthcare Inc.a		84		6,993
National HealthCare Corp.		32		1,961
Providence Service Corp. (The)a		40		3,035
Quest Diagnostics Inc.		452		45,742
Select Medical Holdings Corp.a		448		8,086
Syneos Health Inc.a		48		1,829
Teladoc Inc.a		128		5,504
Tenet Healthcare Corp.a		356		8,523
Tivity Health Inc.a		148		5,321
U.S. Physical Therapy Inc.		48		4,380
UnitedHealth Group Inc.		3,264		771,610
Universal Health Services Inc. Class B		320		36,544

Security	Shares		Value
WellCare Health Plans Inc.a		152	$	31,184
				1,952,926
INTERNET — 0.03%
HealthStream Inc.		68		1,577
				1,577
PHARMACEUTICALS — 10.60%
Akorn Inc.a		100		1,443
AmerisourceBergen Corp.		412		37,319
Cardinal Health Inc.		840		53,903
CVS Health Corp.		3,168		221,222
DexCom Inc.a		180		13,172
Diplomat Pharmacy Inc.a		184		4,009
Express Scripts Holding Co.a		1,520		115,064
McKesson Corp.		496		77,480
Owens & Minor Inc.		136		2,210
PRA Health Sciences Inc.a		56		4,602
Premier Inc. Class Aa		188		6,202
				536,626
REAL ESTATE INVESTMENT TRUSTS — 2.70%
CoreCivic Inc.		184		3,709
GEO Group Inc. (The)		208		4,680
HCP Inc.		632		14,763
LTC Properties Inc.		60		2,169
Medical Properties Trust Inc.		924		11,809
National Health Investors Inc.		80		5,462
Omega Healthcare Investors Inc.		268		6,963
Physicians Realty Trust		328		4,900
Quality Care Properties Inc.a		188		4,130
Sabra Health Care REIT Inc.		320		5,859
Ventas Inc.		568		29,207
Welltower Inc.		800		42,752
				136,403
RETAIL — 1.91%
Rite Aid Corp.a		2,212		3,694
Walgreens Boots Alliance Inc.		1,400		93,030
				96,724
SOFTWARE — 1.71%
2U Inc.a		56		4,508
Allscripts Healthcare Solutions Inc.a		536		6,228
athenahealth Inc.a		76		9,308
Cerner Corp.a		932		54,289
Cotiviti Holdings Inc.a		108		3,730
Evolent Health Inc. Class Aa		196		3,234
Omnicell Inc.a		84		3,620

13

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. HEALTHCARE STAPLES ETF

April 30, 2018

Security	Shares		Value
Tabula Rasa HealthCare Inc.a		40	$	1,640
				86,557
TOTAL COMMON STOCKS (Cost: $4,925,250)				5,020,443
SHORT-TERM INVESTMENTS — 0.74%
MONEY MARKET FUNDS — 0.74%
BlackRock Cash Funds: Treasury, SL Agency Shares
1.61%b,c		37,583		37,583
				37,583
TOTAL SHORT-TERM INVESTMENTS (Cost: $37,583)				37,583
TOTAL INVESTMENTS IN SECURITIES — 99.95%
(Cost: $4,962,833)				5,058,026
Other Assets, Less Liabilities — 0.05%				2,531
NET ASSETS — 100.00%			$	5,060,557

^a  Non-income producing security.

^b  Affiliate of the Fund.

^c  Annualized 7-day yield as of period end.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the period ended April 30, 2018, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated issuer	Shares held at 03/21/18a		Shares purchased		Shares sold		Shares held at 04/30/18		Value at 04/30/18		Income		Net realized gain (loss)		Change in unrealized appreciation (depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		—		37,583b		—		37,583	$	37,583	$	49	$	—	$	—

^a  The Fund commenced operations on March 21, 2018.

^b  Net of purchases and sales.

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of April 30, 2018. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Common stocks	$	5,020,443	$	—	$	—	$	5,020,443
Money market funds		37,583		—		—		37,583
Total	$	5,058,026	$	—	$	—	$	5,058,026

14

Schedule of Investments (Unaudited)

iSHARES^® EVOLVED U.S. INNOVATIVE HEALTHCARE ETF

April 30, 2018

Security	Shares		Value
COMMON STOCKS — 99.39%
BIOTECHNOLOGY — 43.36%
Abeona Therapeutics Inc.a		136	$	2,373
ACADIA Pharmaceuticals Inc.a		412		6,514
Acceleron Pharma Inc.a		188		6,563
Achillion Pharmaceuticals Inc.a		624		2,352
Acorda Therapeutics Inc.a		204		4,712
Aduro Biotech Inc.a		184		1,270
Agenus Inc.a		348		1,194
Alder Biopharmaceuticals Inc.a		312		4,430
Alexion Pharmaceuticals Inc.a		864		101,632
Alnylam Pharmaceuticals Inc.a		372		35,165
AMAG Pharmaceuticals Inc.a		128		2,630
Amgen Inc.		1,412		246,366
Amicus Therapeutics Inc.a		876		12,395
AnaptysBio Inc.a		68		6,377
ANI Pharmaceuticals Inc.a		28		1,662
Arena Pharmaceuticals Inc.a		168		6,693
Arrowhead Pharmaceuticals Inc.a		360		2,311
Assembly Biosciences Inc.a		88		3,826
Atara Biotherapeutics Inc.a		128		5,165
Audentes Therapeutics Inc.a		128		4,782
AVEO Pharmaceuticals Inc.a		536		1,276
Avexis Inc.a		132		28,071
Bio-Rad Laboratories Inc. Class Aa		8		2,030
BioCryst Pharmaceuticals Inc.a		428		2,106
Biogen Inc.a		868		237,485
BioMarin Pharmaceutical Inc.a		796		66,474
Bluebird Bio Inc.a		268		45,600
Blueprint Medicines Corp.a		184		14,116
Cambrex Corp.a		48		2,542
Celgene Corp.a		2,896		252,241
Celldex Therapeutics Inc.a		668		494
ChemoCentryx Inc.a		132		1,443
CytomX Therapeutics Inc.a		156		4,103
Dermira Inc.a		276		2,514
Dynavax Technologies Corp.a		256		4,339
Editas Medicine Inc.a		192		6,029
Emergent BioSolutions Inc.a		128		6,638
Epizyme Inc.a		240		3,084
Esperion Therapeutics Inc.a		124		8,681
Exact Sciences Corp.a		184		9,202
Exelixis Inc.a		1,288		26,816
Fate Therapeutics Inc.a		220		2,222
FibroGen Inc.a		312		14,180
Five Prime Therapeutics Inc.a		180		3,015
Geron Corp.a		492		1,830
Gilead Sciences Inc.		3,308		238,937
Halozyme Therapeutics Inc.a		480		9,086
ImmunoGen Inc.a		556		6,110
Immunomedics Inc.a		664		12,091
Incyte Corp.a		356		22,051
Innoviva Inc.a		236		3,422
Insmed Inc.a		360		8,759
Intellia Therapeutics Inc.a		136		2,723
Intercept Pharmaceuticals Inc.a		88		5,985
Intrexon Corp.a		176		3,200

Security	Shares		Value
Ionis Pharmaceuticals Inc.a		580	$	24,957
Iovance Biotherapeutics Inc.a		396		5,742
Karyopharm Therapeutics Inc.a		224		2,930
Kura Oncology Inc.a		148		2,242
Lexicon Pharmaceuticals Inc.a		212		1,749
Ligand Pharmaceuticals Inc.a		96		14,866
Loxo Oncology Inc.a		120		15,109
MacroGenics Inc.a		160		3,690
Medicines Co. (The)a		312		9,388
Myriad Genetics Inc.a		140		3,961
Novavax Inc.a		1,288		2,009
Omeros Corp.a		188		2,698
Pieris Pharmaceuticals Inc.a		256		1,631
PTC Therapeutics Inc.a		144		3,993
Puma Biotechnology Inc.a		156		9,945
Radius Health Inc.a		200		6,040
Regeneron Pharmaceuticals Inc.a		356		108,110
REGENXBIO Inc.a		136		5,080
Retrophin Inc.a		188		4,719
Rigel Pharmaceuticals Inc.a		716		2,585
Sage Therapeutics Inc.a		216		31,087
Sangamo Therapeutics Inc.a		396		6,257
Seattle Genetics Inc.a		516		26,414
Spark Therapeutics Inc.a		152		11,601
Spectrum Pharmaceuticals Inc.a		468		7,450
Stemline Therapeutics Inc.a		148		2,546
Ultragenyx Pharmaceutical Inc.a		224		11,388
United Therapeutics Corp.a		188		20,701
Vertex Pharmaceuticals Inc.a		1,204		184,405
ZIOPHARM Oncology Inc.a		608		2,566
				2,053,166
ELECTRICAL COMPONENTS & EQUIPMENT — 0.10%
Universal Display Corp.		56		4,931
				4,931
HEALTH CARE - PRODUCTS — 6.89%
Abaxis Inc.		24		1,598
Abbott Laboratories		1,984		115,330
ABIOMED Inc.a		60		18,057
AxoGen Inc.a		56		2,229
Baxter International Inc.		604		41,978
Bio-Techne Corp.		44		6,640
Cooper Companies Inc. (The)		68		15,552
Foundation Medicine Inc.a		32		2,443
Glaukos Corp.a		104		3,503
Globus Medical Inc. Class Aa		84		4,300
Haemonetics Corp.a		52		4,058
Hologic Inc.a		144		5,586
ICU Medical Inc.a		20		5,034
IDEXX Laboratories Inc.a		92		17,893
Insulet Corp.a		84		7,224
Integra LifeSciences Holdings Corp.a		68		4,191
Intersect ENT Inc.a		72		2,876

15

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. INNOVATIVE HEALTHCARE ETF

April 30, 2018

Security	Shares		Value
Intuitive Surgical Inc.a		56	$	24,684
Lantheus Holdings Inc.a		112		1,994
Merit Medical Systems Inc.a		52		2,522
Nevro Corp.a		56		5,004
NxStage Medical Inc.a		68		1,810
OPKO Health Inc.a		916		2,785
Penumbra Inc.a		52		6,466
Quidel Corp.a		40		2,268
Repligen Corp.a		88		3,256
ResMed Inc.		180		17,035
				326,316
HEALTH CARE - SERVICES — 0.67%
Charles River Laboratories International Inc.a		72		7,502
IQVIA Holdings Inc.a		208		19,918
Syneos Health Inc.a		112		4,267
				31,687
PHARMACEUTICALS — 48.31%
AbbVie Inc.		2,832		273,430
Achaogen Inc.a		152		2,175
Aclaris Therapeutics Inc.a		136		2,414
Adamas Pharmaceuticals Inc.a		92		2,777
Aerie Pharmaceuticals Inc.a		180		9,216
Agios Pharmaceuticals Inc.a		228		19,131
Aimmune Therapeutics Inc.a		192		5,960
Akcea Therapeutics Inc.a		52		1,358
Akebia Therapeutics Inc.a		200		1,842
Akorn Inc.a		208		3,001
AmerisourceBergen Corp.		56		5,072
Amphastar Pharmaceuticals Inc.a		132		2,520
Anika Therapeutics Inc.a		40		1,760
Array BioPharma Inc.a		944		12,801
Athenex Inc.a		140		2,241
Bristol-Myers Squibb Co.		3,832		199,762
Cara Therapeutics Inc.a		144		1,783
Catalent Inc.a		208		8,551
Clovis Oncology Inc.a		232		10,064
Coherus Biosciences Inc.a		196		2,372
Collegium Pharmaceutical Inc.a		108		2,554
Concert Pharmaceuticals Inc.a		96		1,752
Corbus Pharmaceuticals Holdings Inc.a		224		1,333
Corcept Therapeutics Inc.a		440		7,339
Cytokinetics Inc.a		216		1,793
DexCom Inc.a		148		10,831
Dicerna Pharmaceuticals Inc.a		192		2,344
Dova Pharmaceuticals Inc.a		64		1,844
Eagle Pharmaceuticals Inc./DEa		56		2,913
Eli Lilly & Co.		3,228		261,694
Enanta Pharmaceuticals Inc.a		68		6,327
Flexion Therapeutics Inc.a		156		3,888
G1 Therapeutics Inc.a		88		3,375
Global Blood Therapeutics Inc.a		220		9,713
Heron Therapeutics Inc.a		196		5,939
Impax Laboratories Inc.a		276		5,189
Intra-Cellular Therapies Inc.a		208		3,623
Ironwood Pharmaceuticals Inc.a		600		10,872

Security	Shares		Value
Johnson & Johnson		3,740	$	473,073
Jounce Therapeutics Inc.a		72		1,482
Keryx Biopharmaceuticals Inc.a		492		2,180
La Jolla Pharmaceutical Co.a		92		2,670
Lannett Co. Inc.a		116		1,810
Madrigal Pharmaceuticals Inc.a		16		1,811
MediciNova Inc.a		164		1,848
Merck & Co. Inc.		4,656		274,099
Momenta Pharmaceuticals Inc.a		324		6,739
MyoKardia Inc.a		140		6,916
Nektar Therapeuticsa		672		56,219
Neurocrine Biosciences Inc.a		436		35,351
Pacira Pharmaceuticals Inc./DEa		152		5,031
Paratek Pharmaceuticals Inc.a		124		1,327
Pfizer Inc.		8,828		323,193
Portola Pharmaceuticals Inc.a		356		12,862
PRA Health Sciences Inc.a		84		6,902
Prestige Brands Holdings Inc.a		64		1,884
Progenics Pharmaceuticals Inc.a		308		2,005
Reata Pharmaceuticals Inc. Series Aa		72		1,904
Revance Therapeutics Inc.a		144		4,025
Rhythm Pharmaceuticals Inc.a		80		1,897
Sarepta Therapeutics Inc.a		256		19,548
Sorrento Therapeutics Inc.a		276		1,697
Supernus Pharmaceuticals Inc.a		220		10,318
Synergy Pharmaceuticals Inc.a		1,136		1,772
TESARO Inc.a		184		9,367
TG Therapeutics Inc.a		236		3,387
TherapeuticsMD Inc.a		640		3,520
Valeant Pharmaceuticals International Inc.a		888		16,046
Vanda Pharmaceuticals Inc.a		224		3,125
Voyager Therapeutics Inc.a		128		2,324
Xencor Inc.a		180		5,218
Zoetis Inc.		816		68,120
Zogenix Inc.a		152		5,974
				2,287,197
TELECOMMUNICATIONS — 0.06%
InterDigital Inc./PA		36		2,680
				2,680
TOTAL COMMON STOCKS (Cost: $4,893,421)				4,705,977

16

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. INNOVATIVE HEALTHCARE ETF

April 30, 2018

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.52%
MONEY MARKET FUNDS — 0.52%
BlackRock Cash Funds: Treasury, SL Agency Shares
1.61%b,c		24,661	$	24,661
				24,661
TOTAL SHORT-TERM INVESTMENTS (Cost: $24,661)				24,661
TOTAL INVESTMENTS IN SECURITIES — 99.91% (Cost: $4,918,082)				4,730,638
Other Assets, Less Liabilities — 0.09%				4,275
NET ASSETS — 100.00%			$	4,734,913

^a  Non-income producing security.

^b  Affiliate of the Fund.

^c  Annualized 7-day yield as of period end.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the period ended April 30, 2018, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated issuer	Shares held at 03/21/18a		Shares purchased		Shares sold		Shares held at 04/30/18		Value at 04/30/18		Income		Net realized gain (loss)		Change in unrealized appreciation (depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		—		24,661b		—		24,661	$	24,661	$	37	$	—	$	—

^a  The Fund commenced operations on March 21, 2018.

^b  Net of purchases and sales.

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of April 30, 2018. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Common stocks	$	4,705,977	$	—	$	—	$	4,705,977
Money market funds		24,661		—		—		24,661
Total	$	4,730,638	$	—	$	—	$	4,730,638

17

Schedule of Investments (Unaudited)

iSHARES^® EVOLVED U.S. MEDIA AND ENTERTAINMENT ETF

April 30, 2018

Security	Shares		Value
COMMON STOCKS — 99.19%
COMMERCIAL SERVICES — 0.67%
Graham Holdings Co. Class B		48	$	28,946
Viad Corp.		64		3,248
				32,194
ENTERTAINMENT — 7.58%
AMC Entertainment Holdings Inc. Class A		440		7,678
Cinemark Holdings Inc.		1,244		48,727
Dolby Laboratories Inc. Class A		564		33,738
IMAX Corp.a		768		17,818
Lions Gate Entertainment Corp. Class A		1,276		31,760
Lions Gate Entertainment Corp. Class B NVS		2,424		55,801
Live Nation Entertainment Inc.a		1,008		39,786
Madison Square Garden Co. (The) Class Aa		192		46,660
National CineMedia Inc.		964		5,514
Reading International Inc. Class A NVSa		180		2,759
Scientific Games Corp./DE Class Aa		324		17,269
SeaWorld Entertainment Inc.a		476		7,183
Six Flags Entertainment Corp.		748		47,304
Speedway Motorsports Inc.		148		2,612
				364,609
INTERNET — 7.99%
IAC/InterActiveCorp.a		464		75,233
Netflix Inc.a		780		243,719
New Media Investment Group Inc.		472		7,826
Pandora Media Inc.a		2,064		11,579
Snap Inc. Class A NVSa		2,816		40,353
Twitter Inc.a		188		5,698
				384,408
LEISURE TIME — 0.04%
Liberty TripAdvisor Holdings Inc. Class Aa		212		1,950
				1,950
LODGING — 0.07%
Marcus Corp. (The)		120		3,576
				3,576
MEDIA — 67.93%
Altice USA Inc. Class Aa		988		17,685
AMC Networks Inc. Class Aa		864		44,928
Cable One Inc.		48		30,486
CBS Corp. Class B NVS		4,932		242,654
Charter Communications Inc. Class Aa		756		205,095
Comcast Corp. Class A		8,228		258,277
Daily Journal Corp.a		8		1,812
Discovery Inc. Class Aa		2,752		65,085
Discovery Inc. Class C NVSa		4,864		108,078
DISH Network Corp. Class Aa		2,532		84,949

Security	Shares		Value
Entercom Communications Corp. Class A		2,648	$	26,877
EW Scripps Co. (The) Class A NVS		1,376		15,315
Gannett Co. Inc.		996		9,631
Gray Television Inc.a		1,888		21,334
Hemisphere Media Group Inc.a		412		4,491
Houghton Mifflin Harcourt Co.a		516		3,509
Liberty Broadband Corp. Class Aa		288		20,298
Liberty Broadband Corp. Class C NVSa		1,156		81,949
Liberty Media Corp.-Liberty SiriusXM Class Aa		1,284		53,633
Liberty Media Corp.-Liberty SiriusXM Class C NVSa		2,576		107,316
Meredith Corp.		760		39,368
MSG Networks Inc. Class Aa		1,052		21,566
New York Times Co. (The) Class A		1,620		37,989
News Corp. Class A NVS		5,396		86,228
News Corp. Class B		1,728		28,080
Nexstar Media Group Inc. Class A		1,000		62,250
Saga Communications Inc. Class A		108		4,007
Scholastic Corp. NVS		216		8,942
Sinclair Broadcast Group Inc. Class A		1,720		48,762
Sirius XM Holdings Inc.		14,272		90,342
TEGNA Inc.		4,292		45,367
Time Warner Inc.		2,588		245,343
TiVo Corp.		1,308		18,508
Tribune Media Co. Class A		1,252		47,313
Twenty-First Century Fox Inc. Class A NVS		6,748		246,707
Twenty-First Century Fox Inc. Class B		6,856		247,296
Viacom Inc. Class A		220		7,821
Viacom Inc. Class B NVS		7,664		231,146
Walt Disney Co. (The)		3,148		315,839
World Wrestling Entertainment Inc. Class A		848		33,742
				3,270,018
REAL ESTATE INVESTMENT TRUSTS — 0.75%
Lamar Advertising Co. Class A		460		29,307
Ryman Hospitality Properties Inc.		84		6,584
				35,891
SOFTWARE — 10.89%
Activision Blizzard Inc.		3,448		228,775
Electronic Arts Inc.a		1,816		214,252
Glu Mobile Inc.a		804		3,521
Take-Two Interactive Software Inc.a		672		67,005
Zynga Inc. Class Aa		3,060		10,557
				524,110
TELECOMMUNICATIONS — 0.13%
Harmonic Inc.a		464		1,694
Shenandoah Telecommunications Co.		124		4,681
				6,375
TOYS, GAMES & HOBBIES — 3.14%
Hasbro Inc.		1,312		115,574

18

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. MEDIA AND ENTERTAINMENT ETF

April 30, 2018

Security	Shares		Value
Mattel Inc.		2,408	$	35,638
				151,212
TOTAL COMMON STOCKS (Cost: $4,944,306)				4,774,343
SHORT-TERM INVESTMENTS — 0.76%
MONEY MARKET FUNDS — 0.76%
BlackRock Cash Funds: Treasury, SL Agency Shares
1.61%b,c		36,735		36,735
				36,735
TOTAL SHORT-TERM INVESTMENTS (Cost: $36,735)				36,735
TOTAL INVESTMENTS IN SECURITIES — 99.95% (Cost: $4,981,041)				4,811,078
Other Assets, Less Liabilities — 0.05%				2,411
NET ASSETS — 100.00%			$	4,813,489

NVS  —  Non-Voting Shares

^a  Non-income producing security.

^b  Affiliate of the Fund.

^c  Annualized 7-day yield as of period end.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the period ended April 30, 2018, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated issuer	Shares held at 03/21/18a		Shares purchased		Shares sold		Shares held at 04/30/18		Value at 04/30/18		Income		Net realized gain (loss)		Change in unrealized appreciation (depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		—		36,735b		—		36,735	$	36,735	$	53	$	—	$	—

^a  The Fund commenced operations on March 21, 2018.

^b  Net of purchases and sales.

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of April 30, 2018. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Common stocks	$	4,774,343	$	—	$	—	$	4,774,343
Money market funds		36,735		—		—		36,735
Total	$	4,811,078	$	—	$	—	$	4,811,078

19

Schedule of Investments (Unaudited)

iSHARES^® EVOLVED U.S. TECHNOLOGY ETF

April 30, 2018

Security	Shares		Value
COMMON STOCKS — 99.25%
ADVERTISING — 0.28%
Interpublic Group of Companies Inc. (The)		212	$	5,001
Omnicom Group Inc.		116		8,545
				13,546
AEROSPACE & DEFENSE — 0.21%
Northrop Grumman Corp.		16		5,153
Raytheon Co.		24		4,918
				10,071
AUTO PARTS & EQUIPMENT — 0.05%
Lear Corp.		12		2,244
				2,244
BANKS — 0.35%
JPMorgan Chase & Co.		156		16,970
				16,970
BIOTECHNOLOGY — 0.05%
Incyte Corp.a		40		2,478
				2,478
COMMERCIAL SERVICES — 4.24%
Automatic Data Processing Inc.		224		26,450
Booz Allen Hamilton Holding Corp.		60		2,378
CoreLogic Inc./U.S.a		36		1,782
CoStar Group Inc.a		16		5,867
Deluxe Corp.		28		1,919
Equifax Inc.		56		6,275
Euronet Worldwide Inc.a		20		1,562
FleetCor Technologies Inc.a		40		8,291
Gartner Inc.a		64		7,763
Global Payments Inc.		76		8,592
Korn/Ferry International		32		1,711
ManpowerGroup Inc.		28		2,680
MarketAxess Holdings Inc.		16		3,178
Moody’s Corp.		52		8,434
PayPal Holdings Inc.a		676		50,436
Robert Half International Inc.		44		2,673
S&P Global Inc.		96		18,106
Sabre Corp.		124		2,559
Square Inc. Class Aa		164		7,764
Total System Services Inc.		68		5,716
TransUniona		96		6,231
Verisk Analytics Inc.a		60		6,387
Western Union Co. (The)		156		3,081
WEX Inc.a		16		2,591
Worldpay Inc. Class Aa		152		12,345
				204,771

Security	Shares		Value
COMPUTERS — 15.62%
Apple Inc.		2,964	$	489,831
Cognizant Technology Solutions Corp. Class A		400		32,728
Conduent Inc.a		100		1,946
Dell Technologies Inc. Class Va		156		11,196
EPAM Systems Inc.a		32		3,659
Fortinet Inc.a		128		7,086
Hewlett Packard Enterprise Co.		1,272		21,688
HP Inc.		776		16,676
International Business Machines Corp.		832		120,607
Lumentum Holdings Inc.a		24		1,211
NCR Corp.a		64		1,969
NetApp Inc.		240		15,979
NetScout Systems Inc.a		68		1,846
Nutanix Inc. Class Aa		88		4,452
Pure Storage Inc. Class Aa		88		1,780
Qualys Inc.a		32		2,463
Teradata Corp.a		96		3,928
Western Digital Corp.		192		15,128
				754,173
DISTRIBUTION & WHOLESALE — 0.04%
KAR Auction Services Inc.		36		1,872
				1,872
DIVERSIFIED FINANCIAL SERVICES — 5.95%
Alliance Data Systems Corp.		20		4,061
Cboe Global Markets Inc.		40		4,271
CME Group Inc.		120		18,922
Discover Financial Services		32		2,280
Ellie Mae Inc.a		28		2,712
Interactive Brokers Group Inc. Class A		24		1,781
Intercontinental Exchange Inc.		232		16,811
Mastercard Inc. Class A		512		91,274
Nasdaq Inc.		44		3,886
SEI Investments Co.		48		3,035
TD Ameritrade Holding Corp.		84		4,879
Visa Inc. Class A		1,052		133,478
				287,390
ELECTRONICS — 0.61%
Agilent Technologies Inc.		80		5,259
Arrow Electronics Inc.a		32		2,392
Avnet Inc.		60		2,354
Coherent Inc.a		8		1,346
Jabil Inc.		60		1,596
Keysight Technologies Inc.a		84		4,341
Mettler-Toledo International Inc.a		4		2,240
National Instruments Corp.		76		3,107
SYNNEX Corp.		16		1,603
Tech Data Corp.a		24		1,830
Trimble Inc.a		104		3,598
				29,666

20

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. TECHNOLOGY ETF

April 30, 2018

Security	Shares		Value
HEALTH CARE - PRODUCTS — 0.15%
Align Technology Inc.a		28	$	6,996
				6,996
HEALTH CARE - SERVICES — 0.09%
IQVIA Holdings Inc.a		44		4,213
				4,213
INSURANCE — 0.18%
Marsh & McLennan Companies Inc.		108		8,802
				8,802
INTERNET — 28.71%
Alphabet Inc. Class Aa		232		236,311
Alphabet Inc. Class C NVSa		236		240,090
Amazon.com Inc.a		232		363,342
Booking Holdings Inc.a		20		43,560
CDW Corp./DE		88		6,274
eBay Inc.a		680		25,758
Expedia Group Inc.		52		5,987
F5 Networks Inc.a		52		8,481
Facebook Inc. Class Aa		1,864		320,608
FireEye Inc.a		124		2,238
GoDaddy Inc. Class Aa		92		5,940
GrubHub Inc.a		36		3,641
IAC/InterActiveCorp.a		36		5,837
MercadoLibre Inc.		24		8,151
Netflix Inc.a		96		29,996
Okta Inc.a		40		1,712
Palo Alto Networks Inc.a		80		15,401
Proofpoint Inc.a		44		5,189
RingCentral Inc. Class Aa		44		2,950
Snap Inc. Class A NVSa		268		3,840
Stamps.com Inc.a		12		2,733
Symantec Corp.		396		11,005
TripAdvisor Inc.a		48		1,796
Twilio Inc. Class Aa		52		2,195
Twitter Inc.a		496		15,034
VeriSign Inc.a		56		6,576
Wayfair Inc. Class Aa		24		1,495
Yelp Inc.a		48		2,153
Zendesk Inc.a		68		3,315
Zillow Group Inc. Class Aa		28		1,354
Zillow Group Inc. Class C NVSa		56		2,715
				1,385,677
MACHINERY — 0.31%
Cognex Corp.		80		3,700
Rockwell Automation Inc.		16		2,632
Roper Technologies Inc.		16		4,227
Zebra Technologies Corp. Class Aa		32		4,315
				14,874

Security	Shares		Value
MEDIA — 0.08%
FactSet Research Systems Inc.		20	$	3,782
				3,782
OFFICE & BUSINESS EQUIPMENT — 0.07%
Xerox Corp.		112		3,522
				3,522
PHARMACEUTICALS — 0.15%
McKesson Corp.		28		4,374
Zoetis Inc.		36		3,005
				7,379
REAL ESTATE — 0.06%
Jones Lang LaSalle Inc.		16		2,712
				2,712
REAL ESTATE INVESTMENT TRUSTS — 0.36%
Equinix Inc.		32		13,465
Iron Mountain Inc.		108		3,666
				17,131
RETAIL — 0.14%
Best Buy Co. Inc.		56		4,285
Copart Inc.a		48		2,452
				6,737
SEMICONDUCTORS — 9.43%
Advanced Micro Devices Inc.a		680		7,399
Analog Devices Inc.		148		12,928
Applied Materials Inc.		408		20,265
Cavium Inc.a		48		3,601
Cypress Semiconductor Corp.		216		3,149
Integrated Device Technology Inc.a		60		1,670
Intel Corp.		2,016		104,066
IPG Photonics Corp.a		8		1,704
KLA-Tencor Corp.		80		8,139
Lam Research Corp.		64		11,844
Maxim Integrated Products Inc.		164		8,938
Microchip Technology Inc.		128		10,709
Micron Technology Inc.a		556		25,565
Microsemi Corp.a		44		2,846
Monolithic Power Systems Inc.		24		2,810
NVIDIA Corp.		468		105,253
ON Semiconductor Corp.a		184		4,063
Qorvo Inc.a		56		3,774

21

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. TECHNOLOGY ETF

April 30, 2018

Security	Shares		Value
QUALCOMM Inc.		872	$	44,481
Silicon Laboratories Inc.a		28		2,601
Skyworks Solutions Inc.		96		8,329
Teradyne Inc.		92		2,995
Texas Instruments Inc.		468		47,469
Xilinx Inc.		168		10,792
				455,390
SOFTWARE — 27.36%
2U Inc.a		28		2,254
ACI Worldwide Inc.a		80		1,860
Activision Blizzard Inc.		284		18,843
Acxiom Corp.a		52		1,351
Adobe Systems Inc.a		392		86,867
Akamai Technologies Inc.a		120		8,598
ANSYS Inc.a		56		9,053
Aspen Technology Inc.a		40		3,510
athenahealth Inc.a		16		1,960
Autodesk Inc.a		148		18,633
Black Knight Inc.a		56		2,724
Blackbaud Inc.		36		3,779
Box Inc. Class Aa		108		2,469
Broadridge Financial Solutions Inc.		56		6,004
CA Inc.		284		9,883
Cadence Design Systems Inc.a		196		7,852
CDK Global Inc.		76		4,958
Cerner Corp.a		116		6,757
Citrix Systems Inc.a		112		11,526
Cloudera Inc.a		92		1,311
CommVault Systems Inc.a		36		2,518
Cornerstone OnDemand Inc.a		48		2,118
Dun & Bradstreet Corp. (The)		28		3,229
Electronic Arts Inc.a		148		17,461
Fair Isaac Corp.a		20		3,464
Fidelity National Information Services Inc.		152		14,435
First Data Corp. Class Aa		220		3,982
Fiserv Inc.a		244		17,290
Guidewire Software Inc.a		52		4,400
HubSpot Inc.a		28		2,965
Intuit Inc.		160		29,566
j2 Global Inc.		28		2,223
Jack Henry & Associates Inc.		48		5,735
Manhattan Associates Inc.a		52		2,239
Medidata Solutions Inc.a		40		2,854
Microsoft Corp.		6,576		614,987
MSCI Inc.		48		7,192
MuleSoft Inc. Class Aa		48		2,140
New Relic Inc.a		36		2,516
Nuance Communications Inc.a		216		3,179
Oracle Corp.		3,020		137,923
Paycom Software Inc.a		36		4,112
Pegasystems Inc.		32		1,954
Progress Software Corp.		44		1,625
PTC Inc.a		96		7,906
RealPage Inc.a		36		1,926
Red Hat Inc.a		160		26,090
salesforce.com Inc.a		624		75,498
ServiceNow Inc.a		156		25,918
Splunk Inc.a		124		12,729

Security	Shares		Value
SS&C Technologies Holdings Inc.		104	$	5,164
Synopsys Inc.a		112		9,577
Tableau Software Inc. Class Aa		60		5,103
Take-Two Interactive Software Inc.a		52		5,185
Tyler Technologies Inc.a		24		5,254
Ultimate Software Group Inc. (The)a		24		5,758
Veeva Systems Inc. Class Aa		88		6,171
Verint Systems Inc.a		48		2,021
VMware Inc. Class Aa		64		8,529
Workday Inc. Class Aa		128		15,979
Zynga Inc. Class Aa		436		1,504
				1,320,611
TELECOMMUNICATIONS — 4.38%
Arista Networks Inc.a		48		12,698
Ciena Corp.a		96		2,472
Cisco Systems Inc.		3,900		172,731
CommScope Holding Co. Inc.a		64		2,446
Juniper Networks Inc.		284		6,984
LogMeIn Inc.		40		4,408
Motorola Solutions Inc.		64		7,029
Zayo Group Holdings Inc.a		68		2,468
				211,236
TRANSPORTATION — 0.38%
Expeditors International of Washington Inc.		52		3,321
FedEx Corp.		20		4,944
United Parcel Service Inc. Class B		76		8,626
XPO Logistics Inc.a		16		1,554
				18,445
TOTAL COMMON STOCKS (Cost: $4,873,107)				4,790,688

22

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EVOLVED U.S. TECHNOLOGY ETF

April 30, 2018

Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.75%
MONEY MARKET FUNDS — 0.75%
BlackRock Cash Funds: Treasury, SL Agency Shares
1.61%b,c		36,150	$	36,150
				36,150
TOTAL SHORT-TERM INVESTMENTS (Cost: $36,150)				36,150
TOTAL INVESTMENTS IN SECURITIES — 100.00% (Cost: $4,909,257)				4,826,838
Other Assets, Less Liabilities — 0.00%				197
NET ASSETS — 100.00%			$	4,827,035

NVS  —  Non-Voting Shares

^a  Non-income producing security.

^b  Affiliate of the Fund.

^c  Annualized 7-day yield as of period end.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the period ended April 30, 2018, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated issuer	Shares held at 03/21/18a		Shares purchased		Shares sold		Shares held at 04/30/18		Value at 04/30/18		Income		Net realized gain (loss)		Change in unrealized appreciation (depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		—		36,150b		—		36,150	$	36,150	$	48	$	—	$	—

^a  The Fund commenced operations on March 21, 2018.

^b  Net of purchases and sales.

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of April 30, 2018. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Common stocks	$	4,790,688	$	—	$	—	$	4,790,688
Money market funds		36,150		—		—		36,150
Total	$	4,826,838	$	—	$	—	$	4,826,838

23

Item 2. Controls and Procedures.

(a) The President (the registrant’s Principal Executive Officer) and Chief Financial Officer (the registrant’s Principal Financial Officer) have concluded that, based on their evaluation as of a date within 90 days of the filing date of this report, the disclosure controls and procedures of the registrant (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are reasonably designed to achieve the purposes described in Section 4(a) of the certifications filed with this Form N-Q.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications of the President (the registrant’s Principal Executive Officer) and Treasurer and Chief Financial Officer (the registrant’s Principal Financial Officer) as required by Rule 30a-2(a) under the Investment Company Act of 1940 is filed with this Form N-Q as exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

iShares U.S. ETF Trust

By:	/s/ Martin Small
	Martin Small, President (Principal Executive Officer)
Date:	June 29, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Martin Small
	Martin Small, President (Principal Executive Officer)
Date:	June 29, 2018

By:	/s/ Jack Gee
	Jack Gee, Treasurer and Chief Financial Officer (Principal Financial Officer)
Date:	June 29, 2018