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, 2019

Date of reporting period: October 31, 2018

Item 1. Schedules of Investments.

Schedule of Investments  (unaudited) October 31, 2018 iShares^® Evolved U.S. Consumer Staples ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Advertising — 0.1%
Omnicom Group Inc.		48	$	3,567
Agriculture — 13.1%
Altria Group Inc.		2,955		192,193
Archer-Daniels-Midland Co.		1,394		65,867
Bunge Ltd.		348		21,506
Philip Morris International Inc.		2,340		206,084
Universal Corp./VA		63		4,275
Vector Group Ltd.		107		1,447
				491,372
Beverages — 26.2%
Boston Beer Co. Inc. (The), Class A, NVS(a)		18		5,531
Brown-Forman Corp., Class A		210		9,738
Brown-Forman Corp., Class B, NVS		844		39,111
Coca-Cola Co. (The)		8,049		385,386
Constellation Brands Inc., Class A		414		82,481
Keurig Dr Pepper Inc.		715		18,590
MGP Ingredients Inc.		33		2,349
Molson Coors Brewing Co., Class B		450		28,800
Monster Beverage Corp.(a)		1,590		84,031
National Beverage Corp.(a)		45		4,160
PepsiCo Inc.		2,886		324,329
			984,506
Biotechnology — 0.0%
Incyte Corp.(a)		27		1,750
Chemicals — 1.0%
Balchem Corp.		33		3,091
FMC Corp.		117		9,135
International Flavors & Fragrances Inc.		147		21,265
Sensient Technologies Corp.		72		4,670
			38,161
Commercial Services — 0.7%
Ecolab Inc.		120		18,378
Medifast Inc.		17		3,599
Nutrisystem Inc.		45		1,600
Weight Watchers International Inc.(a)		54		3,569
			27,146
Computers — 0.1%
HP Inc.		165		3,983
Cosmetics & Personal Care — 9.2%
Colgate-Palmolive Co.		1,593		94,863
Coty Inc., Class A		528		5,570
Edgewell Personal Care Co.(a)		75		3,599
Estee Lauder Companies Inc. (The), Class A		69		9,483
Procter & Gamble Co. (The)		2,613		231,721
			345,236
Distribution & Wholesale — 0.1%
Core-Mark Holding Co. Inc.		69		2,650
Diversified Financial Services — 0.3%
CME Group Inc.		54		9,895
Jefferies Financial Group Inc.		114		2,448
			12,343
Electric — 0.3%
Entergy Corp.		111		9,319

Security	Shares		Value
Electrical Components & Equipment — 0.1%
Energizer Holdings Inc.		84	$	4,937
Food — 28.0%
B&G Foods Inc.		231		6,015
Calavo Growers Inc.		33		3,201
Cal-Maine Foods Inc.		60		2,920
Campbell Soup Co.		639		23,905
Conagra Brands Inc.		1,623		57,779
Darling Ingredients Inc.(a)		261		5,392
Dean Foods Co.		243		1,942
Flowers Foods Inc.		357		6,894
Fresh Del Monte Produce Inc.		50		1,651
General Mills Inc.		2,563		112,259
Hain Celestial Group Inc. (The)(a)		312		7,763
Hershey Co. (The)		503		53,896
Hormel Foods Corp.		812		35,436
Hostess Brands Inc.(a)		195		2,028
Ingredion Inc.		171		17,302
J&J Snack Foods Corp.		39		6,090
JM Smucker Co. (The)		391		42,353
John B Sanfilippo & Son Inc.		27		1,703
Kellogg Co.		1,066		69,802
Kraft Heinz Co. (The)		2,547		140,009
Lamb Weston Holdings Inc.		387		30,248
Lancaster Colony Corp.		51		8,740
McCormick & Co. Inc./MD, NVS		321		46,224
Mondelez International Inc., Class A		4,365		183,243
Performance Food Group Co.(a)		138		4,046
Pilgrim’s Pride Corp.(a)		90		1,589
Post Holdings Inc.(a)		219		19,364
Sanderson Farms Inc.		36		3,542
Simply Good Foods Co. (The)(a)		126		2,389
Sprouts Farmers Market Inc.(a)		135		3,630
Sysco Corp.		1,047		74,682
Tootsie Roll Industries Inc.		42		1,326
TreeHouse Foods Inc.(a)		192		8,748
Tyson Foods Inc., Class A		908		54,407
U.S. Foods Holding Corp.(a)		357		10,414
United Natural Foods Inc.(a)		66		1,434
			1,052,366
Holding Companies - Diversified — 0.0%
Spectrum Brands Holdings Inc.		21		1,364
Home Furnishings — 0.1%
Whirlpool Corp.		42		4,610
Household Products & Wares — 2.3%
ACCO Brands Corp.		93		751
Central Garden & Pet Co., Class A, NVS(a)		39		1,156
Church & Dwight Co. Inc.		309		18,345
Clorox Co. (The)		149		22,119
Helen of Troy Ltd.(a)		23		2,855
Kimberly-Clark Corp.		387		40,364
			85,590
Housewares — 0.1%
Scotts Miracle-Gro Co. (The)		42		2,803
Tupperware Brands Corp.		48		1,685
			4,488
Machinery — 0.3%
AGCO Corp.		69		3,867

1

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Consumer Staples ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Machinery (continued)
Middleby Corp. (The)(a)(b)		51	$	5,727
				9,594
Manufacturing — 0.2%
AptarGroup Inc.		27		2,753
John Bean Technologies Corp.		36		3,743
				6,496
Oil & Gas — 0.2%
Valero Energy Corp.		78		7,105
Packaging & Containers — 1.6%
Ball Corp.		627		28,090
Bemis Co. Inc.		135		6,179
Crown Holdings Inc.(a)		246		10,403
Owens-Illinois Inc.(a)		234		3,667
Packaging Corp. of America		15		1,377
Sealed Air Corp.		78		2,524
Silgan Holdings Inc.		111		2,667
Sonoco Products Co.		126		6,877
				61,784
Pharmaceuticals — 1.6%
Herbalife Nutrition Ltd.(a)		137		7,297
Neogen Corp.(a)		81		4,918
Perrigo Co. PLC		40		2,812
Prestige Consumer Healthcare Inc.(a)		66		2,386
Zoetis Inc.		492		44,354
				61,767
Real Estate Investment Trusts — 0.0%
Americold Realty Trust		59		1,460
Retail — 13.3%
BJ’s Restaurants Inc.		19		1,162
Casey’s General Stores Inc.		33		4,162
Cheesecake Factory Inc. (The)		42		2,030
Chipotle Mexican Grill Inc.(a)		54		24,858
Costco Wholesale Corp.		183		41,839
Cracker Barrel Old Country Store Inc.		15		2,380
Darden Restaurants Inc.		105		11,188
Domino’s Pizza Inc.		10		2,688
Dunkin’ Brands Group Inc.		117		8,490
Freshpet Inc.(a)		53		2,019
Jack in the Box Inc.		27		2,131
McDonald’s Corp.		1,056		186,806

Security	Shares		Value
Retail (continued)
Shake Shack Inc., Class A(a)		31	$	1,640
Starbucks Corp.		2,347		136,760
Texas Roadhouse Inc.		42		2,539
Walmart Inc.		105		10,529
Wendy’s Co. (The)		90		1,552
Wingstop Inc.		27		1,691
Yum China Holdings Inc.		436		15,731
Yum! Brands Inc.		434		39,238
				499,433
Software — 0.3%
Activision Blizzard Inc.		189		13,051
Toys, Games & Hobbies — 0.2%
Hasbro Inc.		39		3,577
Mattel Inc.(a)		357		4,848
				8,425
Total Common Stocks — 99.4%
(Cost: $3,697,560)				3,742,503
Short-Term Investments
Money Market Funds — 0.6%
BlackRock Cash Funds: Institutional, SL Agency Shares,
2.36%(c)(d)(e)		5,872		5,872
BlackRock Cash Funds: Treasury, SL Agency Shares,
2.11%(c)(d)		18,018		18,018
				23,890
Total Short-Term Investments — 0.6% (Cost: $23,890)				23,890
Total Investments in Securities — 100.0% (Cost: $3,721,450)				3,766,393
Other Assets, Less Liabilities — (0.0)%				(1,845	)
Net Assets — 100.0%			$	3,764,548

^(a)  Non-income producing security.

^(b)  All or a portion of this security is on loan.

^(c)  Affiliate of the Fund.

^(d)  Annualized 7-day yield as of period-end.

^(e)  All or a portion of this security was purchased with cash collateral received from loaned securities.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended October 31, 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 07/31/18		Net Activity			Shares Held at 10/31/18		Value at 10/31/18		Income			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		10,250		(4,378	)		5,872	$	5,872	$	13	(a)	$	—	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		200,121		(182,103	)		18,018		18,018		603			—		—
								$	23,890	$	616		$	—	$	—

^(a)  Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

2

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Consumer Staples ETF

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 October 31, 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	$	3,742,503	$	—	$	—	$	3,742,503
Money Market Funds		23,890		—		—		23,890
	$3,766,393		$            —		$            —		$3,766,393

Portfolio Abbreviations - Equity

NVS — Non-Voting Shares

3

Schedule of Investments  (unaudited) October 31, 2018 iShares^® Evolved U.S. Discretionary Spending ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Airlines — 0.2%
Alaska Air Group Inc.		104	$	6,388
JetBlue Airways Corp.(a)		276		4,617
				11,005
Apparel — 7.8%
Carter’s Inc.		140		13,437
Columbia Sportswear Co.		72		6,500
Crocs Inc.(a)		136		2,793
Deckers Outdoor Corp.(a)		84		10,682
Hanesbrands Inc.		736		12,630
Michael Kors Holdings Ltd.(a)		333		18,452
NIKE Inc., Class B		2,644		198,406
Oxford Industries Inc.		48		4,271
PVH Corp.		204		24,641
Ralph Lauren Corp.		140		18,145
Skechers U.S.A. Inc., Class A(a)		336		9,600
Steven Madden Ltd.		222		6,942
Under Armour Inc., Class A(a)		404		8,933
Under Armour Inc., Class C, NVS(a)(b)		412		8,170
VF Corp.		784		64,978
Wolverine World Wide Inc.		124		4,361
				412,941
Building Materials — 0.1%
American Woodmark Corp.(a)		16		967
Masco Corp.		104		3,120
				4,087
Chemicals — 0.1%
Valvoline Inc.		168		3,347
Commercial Services — 1.3%
Aaron’s Inc.		144		6,787
Avis Budget Group Inc.(a)		68		1,912
Bright Horizons Family Solutions Inc.(a)		20		2,298
Brink’s Co. (The)		36		2,388
Cintas Corp.		72		13,095
Euronet Worldwide Inc.(a)		40		4,447
Grand Canyon Education Inc.(a)		36		4,489
H&R Block Inc.		224		5,945
ManpowerGroup Inc.		60		4,577
Medifast Inc.		12		2,540
Monro Inc.		68		5,059
Rollins Inc.		80		4,736
ServiceMaster Global Holdings Inc.(a)		136		5,832
Sotheby’s(a)		36		1,512
Weight Watchers International Inc.(a)		36		2,380
				67,997
Computers — 1.1%
Apple Inc.		264		57,779
Cosmetics & Personal Care — 5.4%
Estee Lauder Companies Inc. (The), Class A		382		52,502
Procter & Gamble Co. (The)		2,628		233,051
				285,553
Distribution & Wholesale — 1.2%
Core-Mark Holding Co. Inc.		58		2,228
Fastenal Co.		380		19,536
Fossil Group Inc.(a)		100		2,171
G-III Apparel Group Ltd.(a)		116		4,624
HD Supply Holdings Inc.(a)		124		4,659

Security	Shares		Value
Distribution & Wholesale (continued)
KAR Auction Services Inc.		96	$	5,466
LKQ Corp.(a)		204		5,563
Pool Corp.		44		6,413
SiteOne Landscape Supply Inc.(a)		36		2,449
WW Grainger Inc.		48		13,630
				66,739
Diversified Financial Services — 0.2%
Alliance Data Systems Corp.		36		7,422
LendingTree Inc.(a)		4		807
				8,229
Engineering & Construction — 0.0%
frontdoor Inc.(a)		68		2,315
Entertainment — 0.9%
Cinemark Holdings Inc.		128		5,321
Eldorado Resorts Inc.(a)		80		2,920
Live Nation Entertainment Inc.(a)		180		9,414
Madison Square Garden Co. (The), Class A(a)		20		5,532
Marriott Vacations Worldwide Corp.		47		4,159
Penn National Gaming Inc.(a)		25		607
Red Rock Resorts Inc., Class A		116		2,684
Scientific Games Corp./DE, Class A(a)		44		979
Six Flags Entertainment Corp.		68		3,663
Vail Resorts Inc.		52		13,069
				48,348
Food — 2.0%
Flowers Foods Inc.		180		3,476
Kroger Co. (The)		2,108		62,734
Performance Food Group Co.(a)		128		3,753
Sprouts Farmers Market Inc.(a)		252		6,776
Sysco Corp.		330		23,539
U.S. Foods Holding Corp.(a)		216		6,301
United Natural Foods Inc.(a)		68		1,477
				108,056
Food Service — 0.2%
Aramark		320		11,495
Hand & Machine Tools — 0.0%
Snap-on Inc.		16		2,463
Holding Companies - Diversified — 0.0%
Spectrum Brands Holdings Inc.		16		1,039
Home Builders — 0.2%
PulteGroup Inc.		172		4,226
Taylor Morrison Home Corp., Class A(a)		80		1,323
Toll Brothers Inc.		104		3,501
				9,050
Home Furnishings — 0.1%
Sleep Number Corp.(a)		68		2,473
Tempur Sealy International Inc.(a)(b)		68		3,143
				5,616
Household Products & Wares — 0.2%
Helen of Troy Ltd.(a)		21		2,606
Kimberly-Clark Corp.		79		8,240
				10,846
Housewares — 0.2%
Newell Brands Inc.		432		6,860
Scotts Miracle-Gro Co. (The)		32		2,136

4

Schedule of Investments  (unaudited)(continued) October 31, 2018 iShares^® Evolved U.S. Discretionary Spending ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Housewares (continued)
Tupperware Brands Corp.		44	$	1,544
			10,540
Internet — 12.0%
Amazon.com Inc.(a)		293		468,217
Booking Holdings Inc.(a)		52		97,478
Cars.com Inc.(a)		60		1,567
eBay Inc.(a)		493		14,312
Etsy Inc.(a)		116		4,932
Expedia Group Inc.		52		6,522
Groupon Inc.(a)		484		1,583
GrubHub Inc.(a)		88		8,161
Liberty Expedia Holdings Inc., Class A(a)		64		2,779
MercadoLibre Inc.		40		12,980
Shutterfly Inc.(a)		28		1,400
Stamps.com Inc.(a)		12		2,426
Stitch Fix Inc., Class A(a)		54		1,423
TripAdvisor Inc.(a)		100		5,214
Wayfair Inc., Class A(a)		72		7,941
			636,935
Leisure Time — 1.3%
Carnival Corp.		556		31,158
Norwegian Cruise Line Holdings Ltd.(a)		209		9,211
Planet Fitness Inc., Class A(a)		208		10,211
Polaris Industries Inc.		28		2,491
Royal Caribbean Cruises Ltd.		157		16,443
			69,514
Lodging — 2.8%
Boyd Gaming Corp.		96		2,550
Caesars Entertainment Corp.(a)		156		1,340
Choice Hotels International Inc.		64		4,698
Extended Stay America Inc.		172		2,800
Hilton Grand Vacations Inc.(a)		84		2,257
Hilton Worldwide Holdings Inc.		406		28,895
Hyatt Hotels Corp., Class A		64		4,429
Las Vegas Sands Corp.		496		25,311
Marriott International Inc./MD, Class A		392		45,821
MGM Resorts International		572		15,261
Wyndham Destinations Inc.		164		5,884
Wynn Resorts Ltd.		100		10,060
			149,306
Machinery — 0.3%
Deere & Co.		112		15,169
Welbilt Inc.(a)		100		1,872
			17,041
Office Furnishings — 0.0%
Herman Miller Inc.		48		1,582
Oil & Gas — 0.1%
Murphy USA Inc.(a)		48		3,870
Pharmaceuticals — 0.5%
CVS Health Corp.		292		21,138
Herbalife Nutrition Ltd.(a)		94		5,006
			26,144
Real Estate — 0.1%
RE/MAX Holdings Inc., Class A		28		1,047
Realogy Holdings Corp.		100		1,907
			2,954

Security	Shares		Value
Real Estate Investment Trusts — 1.3%
Apple Hospitality REIT Inc.		168	$	2,717
CorePoint Lodging Inc.		78		1,277
Host Hotels & Resorts Inc.		532		10,167
Macerich Co. (The)		104		5,369
Park Hotels & Resorts Inc.		120		3,488
Ruth’s Hospitality Group Inc.		72		1,946
Ryman Hospitality Properties Inc.		32		2,483
Tailored Brands Inc.		140		2,941
Tanger Factory Outlet Centers Inc.		120		2,671
Tapestry Inc.		740		31,309
Taubman Centers Inc.		72		3,961
			68,329
Retail — 59.0%
Abercrombie & Fitch Co., Class A		184		3,625
Advance Auto Parts Inc.		168		26,840
American Eagle Outfitters Inc.		468		10,792
Ascena Retail Group Inc.(a)		514		1,979
At Home Group Inc.(a)		117		3,199
AutoNation Inc.(a)		84		3,400
AutoZone Inc.(a)		60		44,008
Beacon Roofing Supply Inc.(a)		48		1,340
Bed Bath & Beyond Inc.		380		5,221
Best Buy Co. Inc.		540		37,886
Big Lots Inc.		124		5,148
BJ’s Restaurants Inc.		36		2,202
BJ’s Wholesale Club Holdings Inc.(a)		86		1,905
Bloomin’ Brands Inc.		192		3,830
Boot Barn Holdings Inc.(a)		85		2,098
Brinker International Inc.		116		5,029
Buckle Inc. (The)		76		1,550
Burlington Stores Inc.(a)		196		33,612
Caleres Inc.		100		3,420
CarMax Inc.(a)		272		18,472
Carvana Co.(a)(b)		46		1,783
Casey’s General Stores Inc.		84		10,593
Cheesecake Factory Inc. (The)		84		4,061
Chico’s FAS Inc.		384		2,945
Children’s Place Inc. (The)		56		8,366
Chipotle Mexican Grill Inc.(a)		44		20,255
Costco Wholesale Corp.		1,044		238,690
Cracker Barrel Old Country Store Inc.		56		8,886
Darden Restaurants Inc.		268		28,555
Dave & Buster’s Entertainment Inc.		108		6,431
Denny’s Corp.(a)		144		2,498
Dick’s Sporting Goods Inc.		208		7,357
Dillard’s Inc., Class A		36		2,535
Dine Brands Global Inc.		44		3,566
Dollar General Corp.		704		78,412
Dollar Tree Inc.(a)		704		59,347
Domino’s Pizza Inc.		104		27,954
DSW Inc., Class A		192		5,098
Dunkin’ Brands Group Inc.		100		7,256
Express Inc.(a)		240		2,114
FirstCash Inc.		76		6,110
Five Below Inc.(a)		156		17,756
Floor & Decor Holdings Inc., Class A(a)		72		1,842
Foot Locker Inc.		256		12,068
GameStop Corp., Class A		212		3,095
Gap Inc. (The)		836		22,823
Genesco Inc.(a)		56		2,396

5

Schedule of Investments  (unaudited)(continued) October 31, 2018 iShares^® Evolved U.S. Discretionary Spending ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Retail (continued)
Genuine Parts Co.		124	$	12,142
Guess? Inc.		140		2,974
Home Depot Inc. (The)		2,485		437,062
Jack in the Box Inc.		64		5,052
JC Penney Co. Inc.(a)(b)		548		806
Kohl’s Corp.		488		36,956
L Brands Inc.		702		22,759
La-Z-Boy Inc.		72		2,002
Lithia Motors Inc., Class A		28		2,494
Lowe’s Companies Inc.		1,580		150,448
Lululemon Athletica Inc.(a)		299		42,078
Macy’s Inc.		807		27,672
McDonald’s Corp.		1,277		225,901
Michaels Companies Inc. (The)(a)		336		5,326
MSC Industrial Direct Co. Inc., Class A		40		3,242
National Vision Holdings Inc.(a)		100		4,143
Nordstrom Inc.		313		20,586
Office Depot Inc.		956		2,447
Ollie’s Bargain Outlet Holdings Inc.(a)		124		11,520
O’Reilly Automotive Inc.(a)		200		64,150
Papa John’s International Inc.		60		3,272
PriceSmart Inc.		56		3,928
RH(a)		56		6,480
Rite Aid Corp.(a)		1,812		2,174
Ross Stores Inc.		1,100		108,900
Sally Beauty Holdings Inc.(a)(b)		324		5,770
Signet Jewelers Ltd.		143		8,015
Sonic Corp.		68		2,943
Starbucks Corp.		1,880		109,548
Target Corp.		1,496		125,111
Texas Roadhouse Inc.		144		8,706
Tiffany & Co.		256		28,493
TJX Companies Inc. (The)		1,708		187,675
Tractor Supply Co.		332		30,507
Ulta Salon Cosmetics & Fragrance Inc.(a)		160		43,923
Urban Outfitters Inc.(a)		200		7,892
Walgreens Boots Alliance Inc.		1,234		98,436
Walmart Inc.		3,564		357,398
Wendy’s Co. (The)		340		5,862
Williams-Sonoma Inc.		228		13,539
Wingstop Inc.		48		3,006

Security	Shares		Value
Retail (continued)
Yum China Holdings Inc.		764	$	27,565
Yum! Brands Inc.		697		63,016
				3,140,267
Software — 0.1%
CDK Global Inc.		84		4,808
Textiles — 0.0%
UniFirst Corp./MA		16		2,389
Toys, Games & Hobbies — 0.2%
Hasbro Inc.		96		8,804
Mattel Inc.(a)		312		4,237
				13,041
Transportation — 0.7%
FedEx Corp.		168		37,017
Total Common Stocks — 99.6% (Cost: $4,957,141)				5,300,642
Short-Term Investments
Money Market Funds — 0.7%
BlackRock Cash Funds: Institutional, SL Agency Shares,
2.36%(c)(d)(e)		19,088		19,091
BlackRock Cash Funds: Treasury, SL Agency Shares,
2.11%(c)(d)		19,761		19,761
				38,852
Total Short-Term Investments — 0.7% (Cost: $38,852)				38,852
Total Investments in Securities — 100.3% (Cost: $4,995,993)				5,339,494
Other Assets, Less Liabilities — (0.3)%				(16,209	)
Net Assets — 100.0%			$	5,323,285

^(a)  Non-income producing security.

^(b)  All or a portion of this security is on loan.

^(c)  Affiliate of the Fund.

^(d)  Annualized 7-day yield as of period-end.

^(e)  All or a portion of this security was purchased with cash collateral received from loaned securities.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended October 31, 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 07/31/18		Net Activity			Shares Held at 10/31/18		Value at 10/31/18		Income			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		29,994		(10,906	)		19,088	$	19,091	$	94	(a)	$	—	$	(3	)
BlackRock Cash Funds: Treasury, SL Agency Shares		28,996		(9,235	)		19,761		19,761		146			—		—
								$	38,852	$	240		$	—	$	(3	)

^(a)  Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

6

Schedule of Investments  (unaudited)(continued) October 31, 2018 iShares^® Evolved U.S. Discretionary Spending ETF

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 October 31, 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	$	5,300,642	$	—	$	—	$	5,300,642
Money Market Funds		38,852		—		—		38,852
	$5,339,494		$            —		$            —		$5,339,494

Portfolio Abbreviations - Equity

NVS — Non-Voting Shares

7

Schedule of Investments  (unaudited) October 31, 2018 iShares^® Evolved U.S. Financials ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Banks — 48.3%
Ameris Bancorp		64	$	2,745
Associated Banc-Corp.		347		8,044
BancFirst Corp.		46		2,640
Bank of America Corp.		7,496		206,140
Bank of Hawaii Corp.		94		7,373
Bank of New York Mellon Corp. (The)		1,379		65,268
Bank OZK		234		6,402
BankUnited Inc.		216		7,150
Banner Corp.		52		3,007
BB&T Corp.		1,462		71,872
BOK Financial Corp.		53		4,544
Boston Private Financial Holdings Inc.		128		1,728
Bryn Mawr Bank Corp.		63		2,516
Capital One Financial Corp.		743		66,350
Cathay General Bancorp		180		6,781
CenterState Bank Corp.		173		4,252
Chemical Financial Corp.		147		6,888
CIT Group Inc.		105		4,975
Citigroup Inc.		2,476		162,079
Citizens Financial Group Inc.		874		32,644
City Holding Co.		40		2,951
Columbia Banking System Inc.		153		5,675
Comerica Inc.		314		25,610
Commerce Bancshares Inc.		191		12,148
Community Bank System Inc.		114		6,656
ConnectOne Bancorp. Inc.		76		1,576
Cullen/Frost Bankers Inc.		118		11,555
CVB Financial Corp.		244		5,331
Eagle Bancorp. Inc.(a)		67		3,294
East West Bancorp. Inc.		288		15,103
Enterprise Financial Services Corp.		58		2,520
FCB Financial Holdings Inc., Class A(a)		84		3,287
Fifth Third Bancorp		1,316		35,519
First BanCorp./Puerto Rico(a)		384		3,544
First Bancorp./Southern Pines NC		71		2,619
First Busey Corp.		112		3,127
First Citizens BancShares Inc./NC, Class A		15		6,399
First Commonwealth Financial Corp.		268		3,618
First Financial Bancorp		210		5,496
First Financial Bankshares Inc.		142		8,377
First Hawaiian Inc.		121		2,998
First Horizon National Corp.		652		10,523
First Interstate BancSystem Inc., Class A		83		3,441
First Midwest Bancorp. Inc.		230		5,281
FNB Corp.		695		8,222
Fulton Financial Corp.		382		6,116
Glacier Bancorp. Inc.		173		7,335
Goldman Sachs Group Inc. (The)		557		125,531
Great Western Bancorp. Inc.		127		4,655
Hancock Whitney Corp.		169		7,091
Hanmi Financial Corp.		79		1,657
Heartland Financial USA Inc.		71		3,773
Heritage Financial Corp./WA		75		2,454
Hilltop Holdings Inc.		160		3,184
Home BancShares Inc./AR		318		6,055
Hope Bancorp Inc.		282		4,083
Huntington Bancshares Inc./OH		1,901		27,241
IBERIABANK Corp.		112		8,343

Security	Shares		Value
Banks (continued)
Independent Bank Corp./Rockland MA		58	$	4,550
Independent Bank Group Inc.		43		2,490
International Bancshares Corp.		134		5,186
JPMorgan Chase & Co.		2,018		220,002
KeyCorp		2,018		36,647
Lakeland Bancorp. Inc.		132		2,174
Lakeland Financial Corp.		67		2,883
LegacyTexas Financial Group Inc.		91		3,506
M&T Bank Corp.		119		19,684
MB Financial Inc.		162		7,191
Meta Financial Group Inc.		57		1,439
Morgan Stanley		2,091		95,475
National Bank Holdings Corp., Class A		71		2,397
NBT Bancorp. Inc.		113		4,123
Northern Trust Corp.		407		38,287
Old National Bancorp./IN		329		5,873
PacWest Bancorp		229		9,302
Park National Corp.		33		3,016
Pinnacle Financial Partners Inc.		147		7,688
Popular Inc.		194		10,090
Prosperity Bancshares Inc.		143		9,299
Regions Financial Corp.		2,153		36,536
Renasant Corp.		114		3,976
S&T Bancorp. Inc.		84		3,369
Sandy Spring Bancorp. Inc.		78		2,773
Seacoast Banking Corp. of Florida(a)		99		2,605
ServisFirst Bancshares Inc.		94		3,382
Simmons First National Corp., Class A		177		4,740
South State Corp.		82		5,549
Southside Bancshares Inc.		85		2,693
State Bank Financial Corp.		96		2,455
State Street Corp.		643		44,206
SunTrust Banks Inc.		894		56,018
SVB Financial Group(a)		95		22,537
Synovus Financial Corp.		236		8,864
TCF Financial Corp.		260		5,429
Texas Capital Bancshares Inc.(a)		54		3,522
Tompkins Financial Corp.		38		2,779
U.S. Bancorp		2,793		145,990
UMB Financial Corp.		94		6,002
Umpqua Holdings Corp.		398		7,642
Union Bankshares Corp.		140		4,780
United Community Banks Inc./GA		128		3,183
Valley National Bancorp		594		5,928
Webster Financial Corp.		186		10,944
Wells Fargo & Co.		3,849		204,882
WesBanco Inc.		103		4,130
Westamerica Bancorp		61		3,551
Western Alliance Bancorp.(a)		152		7,333
Wintrust Financial Corp.		116		8,832
Zions Bancorp. N.A		385		18,114
				2,209,832
Commercial Services — 4.6%
Automatic Data Processing Inc.		246		35,444
CoreLogic Inc./U.S.(a)		64		2,600
Equifax Inc.		78		7,912
Euronet Worldwide Inc.(a)		25		2,779
FleetCor Technologies Inc.(a)		42		8,401
Global Payments Inc.		100		11,423
Green Dot Corp., Class A(a)		57		4,317

8

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Financials ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Commercial Services (continued)
HealthEquity Inc.(a)		37	$	3,397
Insperity Inc.		29		3,186
MarketAxess Holdings Inc.		33		6,919
Moody’s Corp.		161		23,422
PayPal Holdings Inc.(a)		41		3,452
S&P Global Inc.		175		31,906
Service Corp. International/U.S		111		4,603
Total System Services Inc.		164		14,949
Verisk Analytics Inc.(a)		127		15,220
Western Union Co. (The)		326		5,881
WEX Inc.(a)		37		6,510
Worldpay Inc., Class A(a)		197		18,092
				210,413
Diversified Financial Services — 15.0%
Affiliated Managers Group Inc.		61		6,933
Alliance Data Systems Corp.		33		6,804
Ally Financial Inc.		740		18,803
American Express Co.		925		95,025
Ameriprise Financial Inc.		210		26,720
Artisan Partners Asset Management Inc., Class A		70		1,919
BGC Partners Inc., Class A		217		2,298
Cboe Global Markets Inc.		101		11,398
Charles Schwab Corp. (The)		1,794		82,955
CME Group Inc.		236		43,245
Credit Acceptance Corp.(a)		20		8,488
Discover Financial Services		480		33,442
E*TRADE Financial Corp.		435		21,498
Eaton Vance Corp., NVS		167		7,523
Evercore Inc., Class A		38		3,104
Franklin Resources Inc.		455		13,877
Interactive Brokers Group Inc., Class A		71		3,508
Intercontinental Exchange Inc.		498		38,366
Jefferies Financial Group Inc.		355		7,622
Legg Mason Inc.		140		3,951
LendingTree Inc.(a)(b)		5		1,008
LPL Financial Holdings Inc.		116		7,146
Mastercard Inc., Class A		408		80,649
Moelis & Co., Class A		41		1,655
Nasdaq Inc.		105		9,105
Navient Corp.		271		3,138
OneMain Holdings Inc.(a)		116		3,308
Raymond James Financial Inc.		231		17,715
Santander Consumer USA Holdings Inc.		147		2,756
SEI Investments Co.		153		8,178
SLM Corp.(a)		711		7,210
Stifel Financial Corp.		123		5,624
Synchrony Financial		829		23,942
T Rowe Price Group Inc.		323		31,328
TD Ameritrade Holding Corp.		303		15,671
Visa Inc., Class A		210		28,948
Waddell & Reed Financial Inc., Class A		137		2,613
				687,473
Electric — 0.1%
Hawaiian Electric Industries Inc.		139		5,185
Forest Products & Paper — 0.1%
International Paper Co.		102		4,627
Health Care - Services — 3.7%
Aetna Inc.		186		36,902

Security	Shares		Value
Health Care - Services (continued)
Anthem Inc.		138	$	38,029
Cigna Corp.		198		42,334
Molina Healthcare Inc.(a)		33		4,184
UnitedHealth Group Inc.		168		43,907
WellCare Health Plans Inc.(a)		8		2,208
				167,564
Insurance — 21.1%
Aflac Inc.		1,305		56,206
Allstate Corp. (The)		567		54,273
American Financial Group Inc./OH		139		13,904
American International Group Inc.		1,573		64,949
American National Insurance Co.		22		2,711
AmTrust Financial Services Inc.		201		2,882
Arthur J Gallagher & Co.		250		18,503
Assurant Inc.		74		7,194
Berkshire Hathaway Inc., Class B(a)		594		121,936
Brighthouse Financial Inc.(a)		154		6,103
Brown & Brown Inc.		331		9,328
Cincinnati Financial Corp.		297		23,356
CNA Financial Corp.		66		2,862
Employers Holdings Inc.		56		2,574
Erie Indemnity Co., Class A, NVS		33		4,280
Fidelity National Financial Inc.		344		11,507
Genworth Financial Inc., Class A(a)		837		3,582
Hanover Insurance Group Inc. (The)		81		9,022
Hartford Financial Services Group Inc. (The)		674		30,613
Horace Mann Educators Corp.		85		3,339
Kemper Corp.		83		6,241
Lincoln National Corp.		393		23,655
Loews Corp.		240		11,174
Markel Corp.(a)		19		20,772
Marsh & McLennan Companies Inc.		664		56,274
Mercury General Corp.		60		3,559
MetLife Inc.		1,389		57,213
MGIC Investment Corp.(a)		653		7,973
National General Holdings Corp.		118		3,287
NMI Holdings Inc., Class A(a)		119		2,516
Principal Financial Group Inc.		530		24,947
ProAssurance Corp.		105		4,612
Progressive Corp. (The)		999		69,630
Prudential Financial Inc.		778		72,961
Radian Group Inc.		374		7,177
RLI Corp.		90		6,654
Safety Insurance Group Inc.		33		2,748
Selective Insurance Group Inc.		112		7,263
Torchmark Corp.		220		18,625
Travelers Companies Inc. (The)		487		60,938
Universal Insurance Holdings Inc.		64		2,687
Unum Group		424		15,374
Voya Financial Inc.		307		13,434
WR Berkley Corp.		189		14,345
				963,183
Leisure Time — 0.1%
Harley-Davidson Inc.		81		3,096
Machinery — 0.7%
Caterpillar Inc.		265		32,150
Manufacturing — 1.4%
General Electric Co.		6,180		62,418

9

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Financials ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Media — 0.1%
FactSet Research Systems Inc.		16	$	3,580
Real Estate — 0.0%
Realogy Holdings Corp.		87		1,659
Real Estate Investment Trusts — 0.8%
AGNC Investment Corp.		213		3,800
Annaly Capital Management Inc.		930		9,179
Colony Capital Inc.		415		2,436
MFA Financial Inc.		382		2,647
New Residential Investment Corp.		268		4,792
Two Harbors Investment Corp.		150		2,204
Weyerhaeuser Co.		492		13,102
			38,160
Retail — 0.1%
FirstCash Inc.		30		2,412
Savings & Loans — 1.5%
Axos Financial Inc.(a)		95		2,884
Beneficial Bancorp. Inc.		159		2,485
Berkshire Hills Bancorp. Inc.		75		2,503
Brookline Bancorp. Inc.		175		2,712
Capitol Federal Financial Inc.		292		3,624
Investors Bancorp. Inc.		501		5,601
Meridian Bancorp. Inc.		113		1,790
New York Community Bancorp. Inc.		937		8,976
Northwest Bancshares Inc.		224		3,615
OceanFirst Financial Corp.		97		2,456
Pacific Premier Bancorp. Inc.(a)		95		2,777
People’s United Financial Inc.		759		11,886
Provident Financial Services Inc.		140		3,416
Sterling Bancorp./DE		450		8,091
Washington Federal Inc.		174		4,900
WSFS Financial Corp.		71		3,020
			70,736

Security	Shares		Value
Software — 1.6%
Black Knight Inc.(a)		48	$	2,341
Broadridge Financial Solutions Inc.		90		10,525
Fidelity National Information Services Inc.		285		29,668
First Data Corp., Class A(a)		285		5,341
Fiserv Inc.(a)		191		15,146
MSCI Inc.		47		7,068
SS&C Technologies Holdings Inc.		91		4,656
			74,745
Total Common Stocks — 99.2% (Cost: $4,890,697)				4,537,233
Short-Term Investments
Money Market Funds — 0.8%
BlackRock Cash Funds: Institutional, SL Agency Shares,
2.36%(c)(d)(e)		991		991
BlackRock Cash Funds: Treasury, SL Agency Shares,
2.11%(c)(d)		33,430		33,430
				34,421
Total Short-Term Investments — 0.8% (Cost: $34,421)				34,421
Total Investments in Securities — 100.0% (Cost: $4,925,118)				4,571,654
Other Assets, Less Liabilities — 0.0%				1,727
Net Assets — 100.0%			$	4,573,381

^(a)  Non-income producing security.

^(b)  All or a portion of this security is on loan.

^(c)  Affiliate of the Fund.

^(d)  Annualized 7-day yield as of period-end.

^(e)  All or a portion of this security was purchased with cash collateral received from loaned securities.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended October 31, 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 07/31/18		Net Activity			Shares Held at 10/31/18		Value at 10/31/18		Income			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		—		991			991	$	991	$	2	(a)	$	—	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		39,373		(5,943	)		33,430		33,430		228			—		—
								$	34,421	$	230		$	—	$	—

^(a)  Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

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.

10

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Financials ETF

Fair Value Measurements (continued)

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of October 31, 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	$	4,537,233	$	—	$	—	$	4,537,233
Money Market Funds		34,421		—		—		34,421
	$4,571,654		$            —		$            —		$4,571,654

Portfolio Abbreviations - Equity

NVS — Non-Voting Shares

11

Schedule of Investments  (unaudited) October 31, 2018 iShares^® Evolved U.S. Healthcare Staples ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Aerospace & Defense — 0.9%
Boeing Co. (The)		20	$	7,097
Lockheed Martin Corp.		40		11,754
Northrop Grumman Corp.		76		19,908
Raytheon Co.		52		9,102
				47,861
Biotechnology — 3.2%
Bio-Rad Laboratories Inc., Class A(a)		48		13,097
Exact Sciences Corp.(a)		352		25,009
Illumina Inc.(a)		408		126,949
Myriad Genetics Inc.(a)		192		8,646
NeoGenomics Inc.(a)		240		4,426
				178,127
Commercial Services — 1.2%
2U Inc.(a)(b)		56		3,523
Adtalem Global Education Inc.(a)		116		5,873
AMN Healthcare Services Inc.(a)		132		6,682
ASGN Inc.(a)		32		2,147
Bright Horizons Family Solutions Inc.(a)		64		7,354
Career Education Corp.(a)		116		1,668
Graham Holdings Co., Class B		8		4,649
Grand Canyon Education Inc.(a)		76		9,477
Healthcare Services Group Inc.		176		7,144
HealthEquity Inc.(a)		56		5,141
HMS Holdings Corp.(a)		260		7,493
Insperity Inc.		40		4,394
Strategic Education Inc.		20		2,516
				68,061
Computers — 0.4%
Conduent Inc.(a)		240		4,584
Leidos Holdings Inc.		136		8,810
MAXIMUS Inc.		140		9,096
				22,490
Diversified Financial Services — 0.0%
WageWorks Inc.(a)		52		2,070
Electrical Components & Equipment — 0.1%
Novanta Inc.(a)		44		2,561
Electronics — 1.3%
Agilent Technologies Inc.		537		34,792
OSI Systems Inc.(a)		36		2,490
PerkinElmer Inc.		208		17,988
Waters Corp.(a)		96		18,210
				73,480
Engineering & Construction — 0.0%
AECOM(a)		84		2,448
Environmental Control — 0.1%
Stericycle Inc.(a)		96		4,797
Health Care - Products — 38.3%
Abbott Laboratories		4,256		293,409
ABIOMED Inc.(a)		124		42,309
Accelerate Diagnostics Inc.(a)		96		1,434
Align Technology Inc.(a)		108		23,890
AngioDynamics Inc.(a)		96		1,961
AtriCure Inc.(a)		96		3,054
Atrion Corp.		4		2,729

Security	Shares		Value
Health Care - Products (continued)
Avanos Medical Inc.(a)		80	$	4,528
AxoGen Inc.(a)		44		1,641
Baxter International Inc.		752		47,008
Becton Dickinson and Co.		688		158,584
Bio-Techne Corp.		56		9,392
BioTelemetry Inc.(a)		92		5,345
Boston Scientific Corp.(a)		3,816		137,910
Bruker Corp.		152		4,762
Cantel Medical Corp.		48		3,799
Cardiovascular Systems Inc.(a)		84		2,356
Cooper Companies Inc. (The)		140		36,163
Cutera Inc.(a)		28		568
Danaher Corp.		1,325		131,705
DENTSPLY SIRONA Inc.		372		12,882
Edwards Lifesciences Corp.(a)		656		96,826
Genomic Health Inc.(a)		48		3,442
Globus Medical Inc., Class A(a)		168		8,879
Haemonetics Corp.(a)		96		10,029
Henry Schein Inc.(a)		400		33,200
Hill-Rom Holdings Inc.		160		13,453
Hologic Inc.(a)		656		25,577
ICU Medical Inc.(a)		40		10,189
IDEXX Laboratories Inc.(a)		164		34,788
Inogen Inc.(a)		52		9,858
Insulet Corp.(a)		132		11,644
Integer Holdings Corp.(a)		60		4,468
Integra LifeSciences Holdings Corp.(a)		168		9,000
Intersect ENT Inc.(a)		44		1,235
Intuitive Surgical Inc.(a)		380		198,048
iRhythm Technologies Inc.(a)		56		4,327
K2M Group Holdings Inc.(a)		104		2,848
LeMaitre Vascular Inc.		44		1,175
Luminex Corp.		92		2,647
Masimo Corp.(a)		148		17,109
Medtronic PLC		2,269		203,802
Merit Medical Systems Inc.(a)		136		7,768
Natus Medical Inc.(a)		84		2,510
Nevro Corp.(a)		64		3,121
NuVasive Inc.(a)		144		8,088
NxStage Medical Inc.(a)		172		4,881
OPKO Health Inc.(a)		628		2,123
OraSure Technologies Inc.(a)		156		2,168
Patterson Companies Inc.		200		4,516
Penumbra Inc.(a)		84		11,424
Quidel Corp.(a)		80		5,149
ResMed Inc.		408		43,215
Stryker Corp.		892		144,700
Teleflex Inc.		116		27,926
Thermo Fisher Scientific Inc.		676		157,947
Varex Imaging Corp.(a)		68		1,765
Varian Medical Systems Inc.(a)		184		21,964
Zimmer Biomet Holdings Inc.		524		59,521
				2,136,759
Health Care - Services — 38.5%
Acadia Healthcare Co. Inc.(a)		256		10,624
Aetna Inc.		980		194,432
Amedisys Inc.(a)		120		13,200
Anthem Inc.		788		217,149
Brookdale Senior Living Inc.(a)		476		4,251
Centene Corp.(a)		588		76,628

12

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Healthcare Staples ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Health Care - Services (continued)
Charles River Laboratories International Inc.(a)		36	$	4,386
Chemed Corp.		40		12,173
Cigna Corp.		518		110,754
Community Health Systems Inc.(a)		388		1,226
DaVita Inc.(a)		529		35,623
Encompass Health Corp.		388		26,112
Ensign Group Inc. (The)		184		6,815
HCA Healthcare Inc.		1,068		142,610
Humana Inc.		500		160,205
IQVIA Holdings Inc.(a)		240		29,503
Laboratory Corp. of America Holdings(a)		328		52,660
LHC Group Inc.(a)		115		10,514
LifePoint Health Inc.(a)		148		9,599
Magellan Health Inc.(a)		76		4,945
MEDNAX Inc.(a)		372		15,360
Molina Healthcare Inc.(a)		84		10,649
National HealthCare Corp.		32		2,545
Providence Service Corp. (The)(a)		40		2,644
Quest Diagnostics Inc.		452		42,538
Select Medical Holdings Corp.(a)		448		7,428
Syneos Health Inc.(a)		48		2,190
Teladoc Health Inc.(a)		128		8,876
Tenet Healthcare Corp.(a)		356		9,160
Tivity Health Inc.(a)		148		5,093
U.S. Physical Therapy Inc.		48		5,161
UnitedHealth Group Inc.		3,170		828,479
Universal Health Services Inc., Class B		320		38,899
WellCare Health Plans Inc.(a)		152		41,950
			2,144,381
Internet — 0.0%
HealthStream Inc.		68		1,789
Pharmaceuticals — 9.1%
Akorn Inc.(a)		100		667
Allergan PLC		12		1,896
AmerisourceBergen Corp.		412		36,256
Cardinal Health Inc.		840		42,504
CVS Health Corp.		2,707		195,960
DexCom Inc.(a)		180		23,899
Diplomat Pharmacy Inc.(a)		184		3,650
Express Scripts Holding Co.(a)		1,355		131,394
McKesson Corp.		454		56,641
Owens & Minor Inc.		136		1,074
PRA Health Sciences Inc.(a)		56		5,425
Premier Inc., Class A(a)		188		8,460
			507,826
Real Estate Investment Trusts — 2.8%
CoreCivic Inc.		184		4,133
GEO Group Inc. (The)		208		4,599

Security	Shares		Value
Real Estate Investment Trusts (continued)
HCP Inc.		632	$	17,411
LTC Properties Inc.		60		2,566
Medical Properties Trust Inc.		924		13,731
National Health Investors Inc.		80		5,877
Omega Healthcare Investors Inc.		268		8,938
Physicians Realty Trust		328		5,438
Sabra Health Care REIT Inc.		320		6,928
Ventas Inc.		568		32,967
Welltower Inc.		800		52,856
				155,444
Retail — 1.8%
Rite Aid Corp.(a)		2,212		2,654
Walgreens Boots Alliance Inc.		1,250		99,713
				102,367
Software — 1.5%
Allscripts Healthcare Solutions Inc.(a)		536		6,384
athenahealth Inc.(a)		76		9,693
Cerner Corp.(a)		902		51,667
Evolent Health Inc., Class A(a)		196		4,351
Omnicell Inc.(a)		84		5,939
Tabula Rasa HealthCare Inc.(a)		40		2,955
				80,989
Total Common Stocks — 99.2% (Cost: $4,956,245)				5,531,450
Short-Term Investments
Money Market Funds — 0.8%
BlackRock Cash Funds: Institutional, SL Agency Shares,
2.36%(c)(d)(e)		3,445		3,445
BlackRock Cash Funds: Treasury, SL Agency Shares,
2.11%(c)(d)		43,828		43,828
				47,273
Total Short-Term Investments — 0.8% (Cost: $47,273)				47,273
Total Investments in Securities — 100.0% (Cost: $5,003,518)				5,578,723
Other Assets, Less Liabilities — (0.0)%				(777	)
Net Assets — 100.0%			$	5,577,946

^(a)  Non-income producing security.

^(b)  All or a portion of this security is on loan.

^(c)  Affiliate of the Fund.

^(d)  Annualized 7-day yield as of period-end.

^(e)  All or a portion of this security was purchased with cash collateral received from loaned securities.

13

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Healthcare Staples ETF

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended October 31, 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 07/31/18		Net Activity			Shares Held at 10/31/18		Value at 10/31/18		Income			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		4,308		(863	)		3,445	$	3,445	$	6	(a)	$	1	$	(1	)
BlackRock Cash Funds: Treasury, SL Agency Shares		46,420		(2,592	)		43,828		43,828		242			—		—
								$	47,273	$	248		$	1	$	(1	)

^(a)  Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

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 October 31, 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	$	5,531,450	$	—	$	—	$	5,531,450
Money Market Funds		47,273		—		—		47,273
	$5,578,723		$            —		$            —		$5,578,723

14

Schedule of Investments  (unaudited) October 31, 2018 iShares^® Evolved U.S. Innovative Healthcare ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Biotechnology — 41.1%
Abeona Therapeutics Inc.(a)		136	$	1,170
ACADIA Pharmaceuticals Inc.(a)		412		8,026
Acceleron Pharma Inc.(a)		188		9,545
Achillion Pharmaceuticals Inc.(a)		624		1,785
Acorda Therapeutics Inc.(a)		204		3,898
Aduro Biotech Inc.(a)		184		780
Agenus Inc.(a)		348		553
Alder Biopharmaceuticals Inc.(a)(b)		312		3,962
Alexion Pharmaceuticals Inc.(a)		917		102,768
Alnylam Pharmaceuticals Inc.(a)		496		39,893
AMAG Pharmaceuticals Inc.(a)(b)		128		2,752
Amgen Inc.		1,371		264,315
Amicus Therapeutics Inc.(a)		876		9,794
AnaptysBio Inc.(a)		68		5,081
ANI Pharmaceuticals Inc.(a)		28		1,359
Arena Pharmaceuticals Inc.(a)		256		9,129
ArQule Inc.(a)		498		1,927
Arrowhead Pharmaceuticals Inc.(a)		360		4,579
Assembly Biosciences Inc.(a)		88		2,013
Atara Biotherapeutics Inc.(a)		128		4,374
Audentes Therapeutics Inc.(a)		128		3,610
AVEO Pharmaceuticals Inc.(a)		536		1,313
BioCryst Pharmaceuticals Inc.(a)		428		3,133
Biogen Inc.(a)		752		228,811
BioMarin Pharmaceutical Inc.(a)		869		80,096
Bio-Rad Laboratories Inc., Class A(a)		8		2,183
Bluebird Bio Inc.(a)		284		32,575
Blueprint Medicines Corp.(a)		184		11,182
Cambrex Corp.(a)		48		2,558
Cara Therapeutics Inc.(a)		144		2,699
Celgene Corp.(a)		2,745		196,542
Celldex Therapeutics Inc.(a)		668		210
ChemoCentryx Inc.(a)		132		1,428
Cymabay Therapeutics Inc.(a)		319		3,365
CytomX Therapeutics Inc.(a)		156		2,225
Deciphera Pharmaceuticals Inc.(a)		84		1,696
Denali Therapeutics Inc.(a)		344		4,978
Dicerna Pharmaceuticals Inc.(a)		192		2,527
Dynavax Technologies Corp.(a)		256		2,532
Editas Medicine Inc.(a)		192		4,863
Emergent BioSolutions Inc.(a)		128		7,832
Epizyme Inc.(a)		240		1,932
Esperion Therapeutics Inc.(a)		124		5,633
Exact Sciences Corp.(a)		184		13,073
Exelixis Inc.(a)		1,288		17,865
Fate Therapeutics Inc.(a)		220		2,741
FibroGen Inc.(a)		312		13,375
Five Prime Therapeutics Inc.(a)		180		2,185
Geron Corp.(a)		492		753
Gilead Sciences Inc.		3,230		220,221
GlycoMimetics Inc.(a)		185		2,327
Halozyme Therapeutics Inc.(a)		480		7,454
ImmunoGen Inc.(a)		758		4,116
Immunomedics Inc.(a)		804		18,114
Incyte Corp.(a)		356		23,076
Innoviva Inc.(a)		236		3,295
Insmed Inc.(a)(b)		360		5,256
Intellia Therapeutics Inc.(a)		136		2,309

Security	Shares		Value
Biotechnology (continued)
Intercept Pharmaceuticals Inc.(a)(b)		88	$	8,449
Intrexon Corp.(a)		176		2,035
Ionis Pharmaceuticals Inc.(a)(b)		580		28,739
Iovance Biotherapeutics Inc.(a)		396		3,596
Karyopharm Therapeutics Inc.(a)		224		2,361
Lexicon Pharmaceuticals Inc.(a)		212		1,660
Ligand Pharmaceuticals Inc.(a)		96		15,822
Loxo Oncology Inc.(a)		137		20,914
MacroGenics Inc.(a)		160		2,634
Medicines Co. (The)(a)		312		7,257
Myriad Genetics Inc.(a)		140		6,304
Novavax Inc.(a)		1,288		2,267
Omeros Corp.(a)		188		2,871
Pieris Pharmaceuticals Inc.(a)		256		1,055
PTC Therapeutics Inc.(a)		202		7,781
Puma Biotechnology Inc.(a)		156		5,780
Radius Health Inc.(a)		200		3,166
Regeneron Pharmaceuticals Inc.(a)		379		128,572
REGENXBIO Inc.(a)		136		9,067
Retrophin Inc.(a)		188		4,824
Rigel Pharmaceuticals Inc.(a)		716		2,055
Sage Therapeutics Inc.(a)		247		31,784
Sangamo Therapeutics Inc.(a)(b)		396		5,017
Seattle Genetics Inc.(a)		516		28,963
Solid Biosciences Inc.(a)		65		2,080
Spark Therapeutics Inc.(a)		152		6,838
Spectrum Pharmaceuticals Inc.(a)		468		5,569
Stemline Therapeutics Inc.(a)		148		2,217
Ultragenyx Pharmaceutical Inc.(a)		224		10,853
United Therapeutics Corp.(a)		188		20,842
Verastem Inc.(a)		403		2,043
Vertex Pharmaceuticals Inc.(a)		1,266		214,536
Viking Therapeutics Inc.(a)		258		3,509
ZIOPHARM Oncology Inc.(a)(b)		608		1,204
			2,020,450
Electrical Components & Equipment — 0.1%
Universal Display Corp.		56		6,889
Health Care - Products — 7.1%
Abbott Laboratories		1,984		136,777
ABIOMED Inc.(a)		60		20,472
AxoGen Inc.(a)		56		2,088
Baxter International Inc.		604		37,756
Bio-Techne Corp.		44		7,380
Cooper Companies Inc. (The)		68		17,565
Glaukos Corp.(a)		104		6,026
Globus Medical Inc., Class A(a)		84		4,439
Haemonetics Corp.(a)		52		5,432
Hologic Inc.(a)		144		5,614
ICU Medical Inc.(a)		20		5,095
IDEXX Laboratories Inc.(a)		92		19,515
Insulet Corp.(a)		84		7,410
Integra LifeSciences Holdings Corp.(a)		68		3,643
Intersect ENT Inc.(a)		72		2,020
Intuitive Surgical Inc.(a)		45		23,453
Lantheus Holdings Inc.(a)		112		1,565
Merit Medical Systems Inc.(a)		52		2,970
Nevro Corp.(a)		56		2,731
NxStage Medical Inc.(a)		68		1,930
OPKO Health Inc.(a)		916		3,096

15

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Innovative Healthcare ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Health Care - Products (continued)
Penumbra Inc.(a)		52	$	7,072
Quidel Corp.(a)		40		2,574
Repligen Corp.(a)		88		4,771
ResMed Inc.		180		19,066
				350,460
Health Care - Services — 1.0%
Catalent Inc.(a)		208		8,391
Charles River Laboratories International Inc.(a)		72		8,771
IQVIA Holdings Inc.(a)		208		25,569
Syneos Health Inc.(a)		112		5,111
				47,842
Pharmaceuticals — 49.7%
AbbVie Inc.		2,671		207,937
Achaogen Inc.(a)		152		585
Aclaris Therapeutics Inc.(a)		136		1,617
Adamas Pharmaceuticals Inc.(a)		92		1,523
Aerie Pharmaceuticals Inc.(a)		180		9,572
Agios Pharmaceuticals Inc.(a)		228		14,378
Aimmune Therapeutics Inc.(a)		192		5,103
Akcea Therapeutics Inc.(a)		52		1,161
Akebia Therapeutics Inc.(a)		200		1,498
Akorn Inc.(a)(b)		208		1,387
AmerisourceBergen Corp.		56		4,928
Amneal Pharmaceuticals Inc.(a)		1,293		23,856
Amphastar Pharmaceuticals Inc.(a)		132		2,369
Anika Therapeutics Inc.(a)		40		1,430
Apellis Pharmaceuticals Inc.(a)		135		1,889
Array BioPharma Inc.(a)		944		15,293
Athenex Inc.(a)		140		1,690
Bausch Health Companies Inc.(a)(b)		888		20,318
Bristol-Myers Squibb Co.		3,832		193,669
Clovis Oncology Inc.(a)		232		2,698
Coherus Biosciences Inc.(a)		196		2,291
Collegium Pharmaceutical Inc.(a)		108		1,733
Concert Pharmaceuticals Inc.(a)		96		1,432
Corbus Pharmaceuticals Holdings Inc.(a)		224		1,492
Corcept Therapeutics Inc.(a)		440		5,170
Cytokinetics Inc.(a)		216		1,445
Dermira Inc.(a)		276		3,464
DexCom Inc.(a)		148		19,650
Dova Pharmaceuticals Inc.(a)		64		1,188
Eagle Pharmaceuticals Inc./DE(a)		56		2,757
Eli Lilly & Co.		2,782		301,680
Enanta Pharmaceuticals Inc.(a)		68		5,247
Flexion Therapeutics Inc.(a)		156		2,112
G1 Therapeutics Inc.(a)		88		3,521
Global Blood Therapeutics Inc.(a)		220		7,720
Heron Therapeutics Inc.(a)		328		9,105
Intra-Cellular Therapies Inc.(a)		208		3,532
Ironwood Pharmaceuticals Inc.(a)		600		7,860
Johnson & Johnson		3,740		523,563
Jounce Therapeutics Inc.(a)		72		291
Keryx Biopharmaceuticals Inc.(a)		492		1,368
Kura Oncology Inc.(a)		148		1,609
La Jolla Pharmaceutical Co.(a)		92		1,500
Lannett Co. Inc.(a)		116		425
Madrigal Pharmaceuticals Inc.(a)		16		3,054
MediciNova Inc.(a)		164		1,601

Security	Shares		Value
Pharmaceuticals (continued)
Merck & Co. Inc.		4,656	$	342,728
Mirati Therapeutics Inc.(a)		155		5,792
Momenta Pharmaceuticals Inc.(a)		324		4,053
MyoKardia Inc.(a)		140		7,412
Nektar Therapeutics(a)		799		30,905
Neurocrine Biosciences Inc.(a)		468		50,146
Pacira Pharmaceuticals Inc./DE(a)		152		7,431
Paratek Pharmaceuticals Inc.(a)(b)		124		924
Pfizer Inc.		8,828		380,134
Portola Pharmaceuticals Inc.(a)(b)		356		7,010
PRA Health Sciences Inc.(a)		84		8,137
Prestige Consumer Healthcare Inc.(a)		64		2,314
Progenics Pharmaceuticals Inc.(a)		308		1,543
Reata Pharmaceuticals Inc., Class A(a)		72		4,243
Revance Therapeutics Inc.(a)		144		3,135
Rhythm Pharmaceuticals Inc.(a)		80		2,241
Rocket Pharmaceuticals Inc.(a)		105		1,663
Sarepta Therapeutics Inc.(a)		329		44,007
Sorrento Therapeutics Inc.(a)		276		880
Supernus Pharmaceuticals Inc.(a)		220		10,463
Synergy Pharmaceuticals Inc.(a)		1,136		473
TESARO Inc.(a)		184		5,314
TG Therapeutics Inc.(a)		236		1,074
TherapeuticsMD Inc.(a)		640		3,130
Vanda Pharmaceuticals Inc.(a)		224		4,249
Voyager Therapeutics Inc.(a)		128		1,737
Xencor Inc.(a)		240		7,853
Zoetis Inc.		816		73,562
Zogenix Inc.(a)		152		6,348
				2,446,612
Telecommunications — 0.1%
InterDigital Inc.		36		2,554
Total Common Stocks — 99.1% (Cost: $4,905,941)				4,874,807
Short-Term Investments
Money Market Funds — 2.5%
BlackRock Cash Funds: Institutional, SL Agency Shares,
2.36%(c)(d)(e)		84,481		84,497
BlackRock Cash Funds: Treasury, SL Agency Shares,
2.11%(c)(d)		41,224		41,224
				125,721
Total Short-Term Investments — 2.5% (Cost: $125,721)				125,721
Total Investments in Securities — 101.6% (Cost: $5,031,662)				5,000,528
Other Assets, Less Liabilities — (1.6)%				(80,506	)
Net Assets — 100.0%			$	4,920,022

^(a)  Non-income producing security.

^(b)  All or a portion of this security is on loan.

^(c)  Affiliate of the Fund.

^(d)  Annualized 7-day yield as of period-end.

^(e)  All or a portion of this security was purchased with cash collateral received from loaned securities.

16

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Innovative Healthcare ETF

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended October 31, 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 07/31/18		Net Activity			Shares Held at 10/31/18		Value at 10/31/18		Income			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		80,074		4,407			84,481	$	84,497	$	289	(a)	$	2	$	(8	)
BlackRock Cash Funds: Treasury, SL Agency Shares		53,493		(12,269	)		41,224		41,224		232			—		—
								$	125,721	$	521		$	2	$	(8	)

^(a)  Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

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 October 31, 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	$	4,874,807	$	—	$	—	$	4,874,807
Money Market Funds		125,721		—		—		125,721
	$5,000,528		$            —		$            —		$5,000,528

17

Schedule of Investments  (unaudited)  October 31, 2018 iShares^® Evolved U.S. Media and Entertainment ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Commercial Services — 2.0%
Graham Holdings Co., Class B		48	$	27,890
Nielsen Holdings PLC		2,713		70,484
Viad Corp.		64		3,065
				101,439
Entertainment — 6.9%
AMC Entertainment Holdings Inc., Class A		440		8,474
Cinemark Holdings Inc.		1,244		51,713
Dolby Laboratories Inc., Class A		564		38,809
IMAX Corp.(a)		768		14,869
Lions Gate Entertainment Corp., Class A		1,276		24,448
Lions Gate Entertainment Corp., Class B, NVS		2,424		43,123
Live Nation Entertainment Inc.(a)		1,008		52,718
Madison Square Garden Co. (The), Class A(a)		192		53,111
National CineMedia Inc.		964		8,628
Reading International Inc., Class A, NVS(a)		180		2,614
Scientific Games Corp./DE, Class A(a)		324		7,212
SeaWorld Entertainment Inc.(a)		476		12,433
Six Flags Entertainment Corp.		748		40,287
Speedway Motorsports Inc.		148		2,299
				360,738
Home Furnishings — 0.5%
Roku Inc.(a)		496		27,578
Internet — 7.1%
IAC/InterActiveCorp.(a)		500		98,295
Netflix Inc.(a)		721		217,583
New Media Investment Group Inc.		472		6,632
Pandora Media Inc.(a)(b)		2,064		17,544
Snap Inc., Class A, NVS(a)(b)		3,386		22,381
Twitter Inc.(a)		188		6,533
				368,968
Leisure Time — 0.1%
Liberty TripAdvisor Holdings Inc., Class A(a)		212		3,057
Lodging — 0.1%
Marcus Corp. (The)		120		4,682
Media — 67.6%
Altice USA Inc., Class A		3,057		49,860
AMC Networks Inc., Class A(a)(b)		864		50,613
Cable One Inc.		48		42,996
CBS Corp., Class B, NVS		4,894		280,670
Charter Communications Inc., Class A(a)		756		242,200
Comcast Corp., Class A		8,228		313,816
Discovery Inc., Class A(a)		2,752		89,137
Discovery Inc., Class C, NVS(a)		6,494		190,339
DISH Network Corp., Class A(a)		2,625		80,692
Entercom Communications Corp., Class A		2,648		17,186
Entravision Communications Corp., Class A		606		2,994
EW Scripps Co. (The), Class A, NVS		1,376		23,144
Gannett Co. Inc.		996		9,661
Gray Television Inc.(a)		1,888		32,681
Hemisphere Media Group Inc.(a)(b)		412		5,550
Houghton Mifflin Harcourt Co.(a)		516		3,457
John Wiley & Sons Inc., Class A		69		3,743
Liberty Broadband Corp., Class A(a)		288		23,844
Liberty Broadband Corp., Class C, NVS(a)		1,156		95,867
Liberty Global PLC, Class A(a)		1,072		27,475
Liberty Global PLC, Class C, NVS(a)		4,030		100,911

Security	Shares		Value
Media (continued)
Liberty Media Corp.-Liberty SiriusXM, Class A(a)		788	$	32,497
Liberty Media Corp.-Liberty SiriusXM, Class C, NVS(a)		812		33,511
Meredith Corp.		760		39,186
MSG Networks Inc., Class A(a)		1,052		26,879
New York Times Co. (The), Class A(b)		1,620		42,768
News Corp., Class A, NVS		5,396		71,173
News Corp., Class B		1,728		23,052
Nexstar Media Group Inc., Class A		1,000		74,890
Saga Communications Inc., Class A		108		3,784
Scholastic Corp., NVS		216		9,370
Sinclair Broadcast Group Inc., Class A		1,720		49,261
Sirius XM Holdings Inc.		14,272		85,917
TEGNA Inc.		4,292		49,530
Tribune Media Co., Class A		1,252		47,588
Twenty-First Century Fox Inc., Class A, NVS		6,249		284,454
Twenty-First Century Fox Inc., Class B		6,282		283,821
Viacom Inc., Class A		220		7,781
Viacom Inc., Class B, NVS		7,664		245,095
Walt Disney Co. (The)		3,148		361,485
World Wrestling Entertainment Inc., Class A		883		64,097
				3,522,975
Real Estate Investment Trusts — 0.8%
Lamar Advertising Co., Class A(b)		460		33,727
Ryman Hospitality Properties Inc.		84		6,518
				40,245
Software — 10.0%
Activision Blizzard Inc.		3,448		238,085
Daily Journal Corp.(a)(b)		8		1,896
Electronic Arts Inc.(a)		1,816		165,220
Glu Mobile Inc.(a)		804		5,668
Take-Two Interactive Software Inc.(a)		672		86,601
TiVo Corp.		1,308		14,388
Zynga Inc., Class A(a)		3,060		11,138
				522,996
Telecommunications — 1.7%
AT&T Inc.		2,308		70,809
Harmonic Inc.(a)(b)		464		2,557
Liberty Latin America Ltd., Class C, NVS(a)		537		9,671
Shenandoah Telecommunications Co.		124		4,715
			87,752
Toys, Games & Hobbies — 2.9%
Hasbro Inc.		1,312		120,323
Mattel Inc.(a)		2,408		32,701
				153,024
Total Common Stocks — 99.7% (Cost: $4,992,844)				5,193,454
Short-Term Investments
Money Market Funds — 3.7%
BlackRock Cash Funds: Institutional, SL Agency Shares,
2.36%(c)(d)(e)		179,045		179,081

18

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Media and Entertainment ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Money Market Funds (continued)
BlackRock Cash Funds: Treasury, SL Agency Shares,
2.11%(c)(d)		15,390	$	15,390
				194,471
Total Short-Term Investments — 3.7% (Cost: $194,471)				194,471
Total Investments in Securities — 103.4% (Cost: $5,187,315)				5,387,925
Other Assets, Less Liabilities — (3.4)%				(177,424	)
Net Assets — 100.0%			$	5,210,501

^(a)  Non-income producing security.

^(b)  All or a portion of this security is on loan.

^(c)  Affiliate of the Fund.

^(d)  Annualized 7-day yield as of period-end.

^(e)  All or a portion of this security was purchased with cash collateral received from loaned securities.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended October 31, 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 07/31/18		Net Activity			Shares Held at 10/31/18		Value at 10/31/18		Income			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		381,922		(202,877	)		179,045	$	179,081	$	261	(a)	$	34	$	(38	)
BlackRock Cash Funds: Treasury, SL Agency Shares		178,979		(163,589	)		15,390		15,390		551			—		—
								$	194,471	$	812		$	34	$	(38	)

^(a)  Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

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 October 31, 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	$	5,193,454	$	—	$	—	$	5,193,454
Money Market Funds		194,471		—		—		194,471
	$5,387,925		$            —		$            —		$5,387,925

Portfolio Abbreviations - Equity

NVS — Non-Voting Shares

19

Schedule of Investments  (unaudited)  October 31, 2018 iShares^® Evolved U.S. Technology ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Advertising — 0.3%
Interpublic Group of Companies Inc. (The)		212	$	4,910
Omnicom Group Inc.		116		8,621
Trade Desk Inc. (The), Class A(a)		20		2,471
				16,002
Aerospace & Defense — 0.2%
Northrop Grumman Corp.		16		4,191
Raytheon Co.		24		4,201
				8,392
Auto Parts & Equiptment — 0.0%
Lear Corp.		12		1,595
Banks — 0.3%
JPMorgan Chase & Co.		156		17,007
Biotechnology — 0.1%
Incyte Corp.(a)		40		2,593
Commercial Services — 4.6%
2U Inc.(a)		28		1,762
Automatic Data Processing Inc.		224		32,274
Booz Allen Hamilton Holding Corp.		60		2,972
CoreLogic Inc./U.S.(a)		36		1,462
CoStar Group Inc.(a)		16		5,783
Deluxe Corp.		28		1,322
Equifax Inc.		56		5,681
Euronet Worldwide Inc.(a)		20		2,224
FleetCor Technologies Inc.(a)		40		8,001
Gartner Inc.(a)		64		9,441
Global Payments Inc.		76		8,682
IHS Markit Ltd.(a)		77		4,045
Korn/Ferry International		32		1,444
ManpowerGroup Inc.		28		2,136
MarketAxess Holdings Inc.		16		3,355
Moody’s Corp.		52		7,565
Nielsen Holdings PLC		134		3,481
PayPal Holdings Inc.(a)		676		56,912
Robert Half International Inc.		44		2,663
S&P Global Inc.		96		17,503
Sabre Corp.		124		3,057
Square Inc., Class A(a)		164		12,046
Total System Services Inc.		68		6,198
TransUnion		96		6,312
Verisk Analytics Inc.(a)		60		7,190
Western Union Co. (The)		156		2,814
WEX Inc.(a)		16		2,815
Worldpay Inc., Class A(a)		152		13,960
				233,100
Computers — 17.6%
Accenture PLC, Class A		392		61,787
Apple Inc.		2,644		578,666
Cognizant Technology Solutions Corp., Class A		400		27,612
Conduent Inc.(a)		100		1,910
Dell Technologies Inc., Class V(a)		156		14,101
DXC Technology Co.		181		13,182
EPAM Systems Inc.(a)		32		3,823
Fortinet Inc.(a)		128		10,519
Hewlett Packard Enterprise Co.		1,272		19,398
HP Inc.		776		18,733
International Business Machines Corp.		832		96,038

Security	Shares		Value
Computers (continued)
Lumentum Holdings Inc.(a)		24	$	1,312
NCR Corp.(a)		64		1,718
NetApp Inc.		240		18,837
NetScout Systems Inc.(a)		68		1,718
Nutanix Inc., Class A(a)(b)		88		3,653
Pure Storage Inc., Class A(a)		88		1,776
Qualys Inc.(a)		32		2,280
Seagate Technology PLC		144		5,793
Teradata Corp.(a)		96		3,494
Western Digital Corp.		192		8,269
			894,619
Distribution & Wholesale — 0.1%
Copart Inc.(a)		48		2,347
KAR Auction Services Inc.		36		2,050
				4,397
Diversified Financial Services — 6.1%
Alliance Data Systems Corp.		20		4,124
Cboe Global Markets Inc.		40		4,514
CME Group Inc.		120		21,989
Discover Financial Services		32		2,229
Ellie Mae Inc.(a)		28		1,856
Interactive Brokers Group Inc., Class A		24		1,186
Intercontinental Exchange Inc.		232		17,873
Mastercard Inc., Class A		512		101,207
Nasdaq Inc.		44		3,815
SEI Investments Co.		48		2,566
TD Ameritrade Holding Corp.		84		4,344
Visa Inc., Class A		1,052		145,018
				310,721
Electronics — 0.6%
Agilent Technologies Inc.		80		5,183
Arrow Electronics Inc.(a)		32		2,167
Avnet Inc.		60		2,404
Coherent Inc.(a)		8		985
Jabil Inc.		60		1,484
Keysight Technologies Inc.(a)		84		4,795
Mettler-Toledo International Inc.(a)		4		2,187
National Instruments Corp.		76		3,722
SYNNEX Corp.		16		1,242
Tech Data Corp.(a)		24		1,696
Trimble Inc.(a)		104		3,887
				29,752
Health Care - Products — 0.1%
Align Technology Inc.(a)		28		6,194
Health Care - Services — 0.1%
IQVIA Holdings Inc.(a)		44		5,409
Insurance — 0.2%
Aon PLC		16		2,499
Marsh & McLennan Companies Inc.		108		9,153
				11,652
Internet — 26.6%
Alphabet Inc., Class A(a)		225		245,381
Alphabet Inc., Class C, NVS(a)		230		247,657
Amazon.com Inc.(a)		241		385,120
Booking Holdings Inc.(a)		20		37,492
CDW Corp./DE		88		7,921
eBay Inc.(a)		680		19,740

20

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Technology ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Internet (continued)
Etsy Inc.(a)		39	$	1,658
Expedia Group Inc.		52		6,522
F5 Networks Inc.(a)		52		9,115
Facebook Inc., Class A(a)		1,687		256,070
FireEye Inc.(a)		124		2,293
GoDaddy Inc., Class A(a)		92		6,732
GrubHub Inc.(a)		36		3,339
IAC/InterActiveCorp.(a)		36		7,077
MercadoLibre Inc.		24		7,788
Netflix Inc.(a)		102		30,782
Okta Inc.(a)(b)		68		3,969
Palo Alto Networks Inc.(a)		80		14,643
Proofpoint Inc.(a)		44		4,002
RingCentral Inc., Class A(a)		44		3,420
Snap Inc., Class A, NVS(a)(b)		268		1,771
Stamps.com Inc.(a)		12		2,426
Symantec Corp.		396		7,187
TripAdvisor Inc.(a)		48		2,503
Twilio Inc., Class A(a)		52		3,911
Twitter Inc.(a)		496		17,236
VeriSign Inc.(a)		56		7,982
Wayfair Inc., Class A(a)		24		2,647
Yelp Inc.(a)		48		2,055
Zendesk Inc.(a)		68		3,738
Zillow Group Inc., Class A(a)		28		1,130
Zillow Group Inc., Class C, NVS(a)		56		2,255
				1,355,562
Machinery — 0.2%
Cognex Corp.		80		3,427
Rockwell Automation Inc.		16		2,636
Roper Technologies Inc.		16		4,526
				10,589
Media — 0.1%
FactSet Research Systems Inc.		20		4,475
Office & Business Equipment — 0.2%
Xerox Corp.		112		3,121
Zebra Technologies Corp., Class A(a)		32		5,322
				8,443
Pharmaceuticals — 0.1%
McKesson Corp.		28		3,493
Zoetis Inc.		36		3,246
				6,739
Real Estate — 0.0%
Jones Lang LaSalle Inc.		16		2,116
Real Estate Investment Trusts — 0.3%
Equinix Inc.		32		12,120
Iron Mountain Inc.		108		3,306
				15,426
Retail — 0.1%
Best Buy Co. Inc.		56		3,929
Semiconductors — 9.2%
Advanced Micro Devices Inc.(a)		616		11,217
Analog Devices Inc.		148		12,389
Applied Materials Inc.		408		13,415
Broadcom Inc.		198		44,251
Cypress Semiconductor Corp.		216		2,795
Integrated Device Technology Inc.(a)		60		2,809

Security	Shares		Value
Semiconductors (continued)
Intel Corp.		1,954	$	91,604
IPG Photonics Corp.(a)		8		1,068
KLA-Tencor Corp.		80		7,323
Lam Research Corp.		64		9,071
Marvell Technology Group Ltd.		245		4,021
Maxim Integrated Products Inc.		164		8,203
Microchip Technology Inc.		128		8,420
Micron Technology Inc.(a)		556		20,972
Monolithic Power Systems Inc.		24		2,835
NVIDIA Corp.		468		98,669
ON Semiconductor Corp.(a)		184		3,128
Qorvo Inc.(a)		56		4,117
QUALCOMM Inc.		797		50,123
Silicon Laboratories Inc.(a)		28		2,283
Skyworks Solutions Inc.		96		8,329
Teradyne Inc.		92		3,169
Texas Instruments Inc.		468		43,444
Xilinx Inc.		168		14,342
				467,997
Software — 27.9%
ACI Worldwide Inc.(a)		80		2,007
Activision Blizzard Inc.		284		19,610
Adobe Inc.(a)		392		96,338
Akamai Technologies Inc.(a)		120		8,670
ANSYS Inc.(a)		56		8,375
Aspen Technology Inc.(a)		40		3,396
athenahealth Inc.(a)		16		2,041
Autodesk Inc.(a)		148		19,129
Black Knight Inc.(a)		56		2,731
Blackbaud Inc.		36		2,582
Box Inc., Class A(a)(b)		108		1,944
Broadridge Financial Solutions Inc.		56		6,549
CA Inc.		284		12,598
Cadence Design Systems Inc.(a)		196		8,736
CDK Global Inc.		76		4,350
Cerner Corp.(a)		116		6,644
Citrix Systems Inc.(a)		112		11,477
Cloudera Inc.(a)		92		1,266
CommVault Systems Inc.(a)		36		2,096
Cornerstone OnDemand Inc.(a)		48		2,364
Coupa Software Inc.(a)		32		2,075
Dun & Bradstreet Corp. (The)		28		3,984
Electronic Arts Inc.(a)		148		13,465
Fair Isaac Corp.(a)		20		3,854
Fidelity National Information Services Inc.		152		15,823
First Data Corp., Class A(a)		220		4,123
Fiserv Inc.(a)		244		19,349
Guidewire Software Inc.(a)		52		4,626
HubSpot Inc.(a)(b)		28		3,798
Intuit Inc.		160		33,760
j2 Global Inc.		28		2,040
Jack Henry & Associates Inc.		48		7,192
LiveRamp Holdings Inc.(a)		52		2,375
Manhattan Associates Inc.(a)		52		2,482
Medidata Solutions Inc.(a)		40		2,812
Microsoft Corp.		6,343		677,496
MSCI Inc.		48		7,218
New Relic Inc.(a)		36		3,213
Nuance Communications Inc.(a)		216		3,756
Oracle Corp.		2,687		131,233

21

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Technology ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Software (continued)
Paychex Inc.		96	$	6,287
Paycom Software Inc.(a)		36		4,507
Pegasystems Inc.		32		1,713
Progress Software Corp.		44		1,414
PTC Inc.(a)		96		7,911
RealPage Inc.(a)		36		1,908
Red Hat Inc.(a)		160		27,462
salesforce.com Inc.(a)		627		86,050
ServiceNow Inc.(a)		156		28,242
Splunk Inc.(a)		124		12,380
SS&C Technologies Holdings Inc.		104		5,321
Synopsys Inc.(a)		112		10,027
Tableau Software Inc., Class A(a)		60		6,401
Take-Two Interactive Software Inc.(a)		52		6,701
Tyler Technologies Inc.(a)		24		5,080
Ultimate Software Group Inc. (The)(a)		24		6,399
Veeva Systems Inc., Class A(a)		88		8,039
Verint Systems Inc.(a)		48		2,192
VMware Inc., Class A(a)		64		9,049
Workday Inc., Class A(a)		128		17,027
Zynga Inc., Class A(a)		436		1,587
				1,423,274
Telecommunications — 4.2%
Arista Networks Inc.(a)		48		11,057
Ciena Corp.(a)		96		3,001
Cisco Systems Inc.		3,900		178,425
CommScope Holding Co. Inc.(a)		64		1,540
Juniper Networks Inc.		284		8,312
LogMeIn Inc.		40		3,445
Motorola Solutions Inc.		64		7,844
Zayo Group Holdings Inc.(a)		68		2,032
			215,656

Security	Shares		Value
Transportation — 0.4%
Expeditors International of Washington Inc.		52	$	3,493
FedEx Corp.		20		4,407
United Parcel Service Inc., Class B		93		9,908
XPO Logistics Inc.(a)		16		1,430
				19,238
Total Common Stocks — 99.6% (Cost: $4,914,201)				5,074,877
Short-Term Investments
Money Market Funds — 0.8%
BlackRock Cash Funds: Institutional, SL Agency Shares,
2.36%(c)(d)(e)		21,873		21,877
BlackRock Cash Funds: Treasury, SL Agency Shares,
2.11%(c)(d)		21,025		21,025
				42,902
Total Short-Term Investments — 0.8% (Cost: $42,902)				42,902
Total Investments in Securities — 100.4% (Cost: $4,957,103)				5,117,779
Other Assets, Less Liabilities — (0.4)%				(21,441	)
Net Assets — 100.0%			$	5,096,338

^(a)  Non-income producing security.

^(b)  All or a portion of this security is on loan.

^(c)  Affiliate of the Fund.

^(d)  Annualized 7-day yield as of period-end.

^(e)  All or a portion of this security was purchased with cash collateral received from loaned securities.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended October 31, 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 07/31/18		Net Activity			Shares Held at 10/31/18		Value at 10/31/18		Income			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		51,044		(29,171	)		21,873	$	21,877	$	49	(a)	$	2	$	(3	)
BlackRock Cash Funds: Treasury, SL Agency Shares		43,533		(22,508	)		21,025		21,025		179			—		—
								$	42,902	$	228		$	2	$	(3	)

^(a)  Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

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.

22

Schedule of Investments  (unaudited) (continued) October 31, 2018 iShares^® Evolved U.S. Technology ETF

Fair Value Measurements (continued)

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of October 31, 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	$	5,074,877	$	—	$	—	$	5,074,877
Money Market Funds		42,902		—		—		42,902
	$5,117,779		$            —		$            —		$5,117,779

Portfolio Abbreviations - Equity

NVS — Non-Voting Shares

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:	December 28, 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:	December 28, 2018

By:	/s/ Jack Gee
	Jack Gee, Treasurer and Chief Financial Officer (Principal Financial Officer)
Date:	December 28, 2018