NPORT-EX 2 NPORT_8695002008238462.htm iShares Evolved US Discretionary Spending ETF

Schedule of Investments  (unaudited)

April 30, 2020

   

iShares® Evolved U.S. Discretionary Spending ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Advertising — 0.1%            

Interpublic Group of Companies Inc. (The)

     377     $ 6,401  
   

 

 

  
Airlines — 0.1%            

Alaska Air Group Inc.

     182       5,919  

JetBlue Airways Corp.(a)

    483       4,704  

Southwest Airlines Co.

     104       3,250  
   

 

 

  
      13,873  
Apparel — 6.6%            

Capri Holdings Ltd.(a)

    582       8,875  

Carter’s Inc.

     245       19,159  

Columbia Sportswear Co.

     126       9,184  

Crocs Inc.(a)

    238       5,771  

Deckers Outdoor Corp.(a)

    131       19,488  

Hanesbrands Inc.

     1,288       12,803  

NIKE Inc., Class B

     4,567       398,151  

Oxford Industries Inc.

     84       3,521  

PVH Corp.

     357       17,575  

Ralph Lauren Corp.

     211       15,568  

Skechers U.S.A. Inc., Class A(a)

    588       16,570  

Steven Madden Ltd.

     390       9,777  

Tapestry Inc.

     1,295       19,270  

Under Armour Inc., Class A(a)

    707       7,367  

Under Armour Inc., Class C, NVS(a)(b)

    721       6,684  

VF Corp.

     1,513       87,905  

Wolverine World Wide Inc.

     217       4,446  
   

 

 

  
          662,114  
Beverages — 0.1%            

Constellation Brands Inc., Class A

     46       7,576  
   

 

 

  
Building Materials — 0.1%            

American Woodmark Corp.(a)

    28       1,440  

Masco Corp.

     286       11,737  
   

 

 

  
      13,177  
Chemicals — 0.0%            

Valvoline Inc.

     294       5,054  
   

 

 

  
Commercial Services — 1.3%            

Aaron’s Inc.

     252       8,041  

Avis Budget Group Inc.(a)(b)

    119       1,961  

Bright Horizons Family Solutions Inc.(a)

    35       4,076  

Brink’s Co. (The)

     63       3,221  

Cintas Corp.

     126       27,951  

Euronet Worldwide Inc.(a)

    70       6,423  

FleetCor Technologies Inc.(a)

    24       5,790  

Grand Canyon Education Inc.(a)

    63       5,419  

H&R Block Inc.

     392       6,527  

ManpowerGroup Inc.

     105       7,795  

Monro Inc.(b)

    119       6,603  

PayPal Holdings Inc.(a)

    99       12,177  

Rent-A-Center Inc./TX

     202       4,021  

Rollins Inc.(b)

    210       8,400  

ServiceMaster Global Holdings Inc.(a)

    238       8,104  

Square Inc., Class A(a)

    200       13,028  

WW International Inc.(a)(b)

    63       1,607  
   

 

 

  
      131,144  
Computers — 4.4%            

Apple Inc

     1,505       442,169  
   

 

 

  
Security   Shares     Value  
Cosmetics & Personal Care — 5.4%            

Coty Inc., Class A

     359     $ 1,957  

Estee Lauder Companies Inc. (The), Class A

     726       128,066  

Inter Parfums Inc.

     54       2,413  

Procter & Gamble Co. (The)

     3,506       413,252  
   

 

 

  
      545,688  
Distribution & Wholesale — 0.9%            

Core-Mark Holding Co. Inc.

     103       2,960  

Fastenal Co.

     741       26,839  

G-III Apparel Group Ltd.(a)

    203       2,300  

HD Supply Holdings Inc.(a)

    217       6,441  

LKQ Corp.(a)

    357       9,335  

Pool Corp.

     77       16,298  

SiteOne Landscape Supply Inc.(a)

    63       5,584  

WW Grainger Inc.

     84       23,149  
   

 

 

  
      92,906  
Diversified Financial Services — 0.3%            

Alliance Data Systems Corp.

     63       3,154  

LendingTree Inc.(a)

    7       1,746  

Visa Inc., Class A(b)

    144       25,736  
   

 

 

  
      30,636  
Entertainment — 0.6%            

Churchill Downs Inc.

     69       6,915  

Cinemark Holdings Inc.

     224       3,199  

Eldorado Resorts Inc.(a)

    126       2,701  

Live Nation Entertainment Inc.(a)(b)

    315       14,134  

Madison Square Garden Sports Co. (The)(a)

    35       5,996  

Marriott Vacations Worldwide Corp.

     62       5,146  

Penn National Gaming Inc.(a)

    43       766  

Red Rock Resorts Inc., Class A

     203       2,225  

Scientific Games Corp./DE, Class A(a)

    77       971  

SeaWorld Entertainment Inc.(a)

    153       2,248  

Six Flags Entertainment Corp.

     119       2,381  

Vail Resorts Inc.(b)

    91       15,561  
   

 

 

  
      62,243  
Food — 1.7%            

Beyond Meat Inc.(a)

    59       5,841  

Flowers Foods Inc.

     315       7,018  

Grocery Outlet Holding Corp.(a)

    172       5,723  

Kroger Co. (The)

     3,277       103,586  

Performance Food Group Co.(a)

    224       6,574  

Sprouts Farmers Market Inc.(a)

    441       9,164  

Sysco Corp.

     489       27,516  

U.S. Foods Holding Corp.(a)

    378       8,127  

United Natural Foods Inc.(a)

    119       1,266  
   

 

 

  
      174,815  
Food Service — 0.1%            

Aramark

     560       15,294  
   

 

 

  
Holding Companies - Diversified — 0.0%            

Cannae Holdings Inc.(a)

    105       3,313  
   

 

 

  
Home Builders — 0.1%            

Taylor Morrison Home Corp.(a)

    140       2,037  

Toll Brothers Inc.

     182       4,372  
   

 

 

  
      6,409  
Home Furnishings — 0.1%            

Sleep Number Corp.(a)(b)

    82       2,452  

Tempur Sealy International Inc.(a)

    119       6,396  
   

 

 

  
      8,848  
 

 

 

1

Schedule of Investments  (unaudited) (continued)

April 30, 2020

   

iShares® Evolved U.S. Discretionary Spending ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Household Products & Wares — 0.3%            

Helen of Troy Ltd.(a)

    36     $ 5,914  

Kimberly-Clark Corp.

     182       25,203  

Spectrum Brands Holdings Inc.

     28       1,206  
   

 

 

  
      32,323  
Housewares — 0.2%            

Newell Brands Inc.

     663       9,202  

Scotts Miracle-Gro Co. (The)

     56       6,946  

Tupperware Brands Corp.

     77       248  
   

 

 

  
      16,396  
Internet — 19.0%            

Amazon.com Inc.(a)

    642       1,588,308  

Booking Holdings Inc.(a)

    78       115,484  

Cars.com Inc.(a)

    105       544  

eBay Inc.

     862       34,333  

Etsy Inc.(a)

    203       13,168  

Expedia Group Inc.

     167       11,854  

Groupon Inc.(a)

    847       1,033  

Grubhub Inc.(a)

    154       7,360  

MercadoLibre Inc.(a)

    91       53,099  

Pinterest Inc., Class A(a)

    650       13,429  

Stamps.com Inc.(a)

    21       3,324  

Stitch Fix Inc., Class A(a)(b)

    96       1,541  

TripAdvisor Inc.

     175       3,495  

Uber Technologies Inc.(a)

    1,662       50,309  

Wayfair Inc., Class A(a)

    218       27,041  
   

 

 

  
      1,924,322  
Leisure Time — 0.6%            

Carnival Corp.

     915       14,548  

Norwegian Cruise Line Holdings Ltd.(a)

    365       5,986  

Planet Fitness Inc., Class A(a)

    364       21,960  

Polaris Inc.

     49       3,476  

Royal Caribbean Cruises Ltd.

     274       12,815  
   

 

 

  
      58,785  
Lodging — 2.4%            

Boyd Gaming Corp.

     145       2,420  

Caesars Entertainment Corp.(a)

    616       5,950  

Choice Hotels International Inc.

     112       8,406  

Extended Stay America Inc.

     301       3,272  

Hilton Grand Vacations Inc.(a)

    147       3,028  

Hilton Worldwide Holdings Inc.

     840       63,596  

Hyatt Hotels Corp., Class A

     112       6,301  

Las Vegas Sands Corp.

     868       41,681  

Marriott International Inc./MD, Class A

     583       53,018  

MGM Resorts International

     1,001       16,847  

Wyndham Destinations Inc.

     287       7,339  

Wyndham Hotels & Resorts Inc.

     335       12,633  

Wynn Resorts Ltd.

     175       14,968  
   

 

 

  
      239,459  
Media — 0.0%            

Madison Square Garden Entertainment Corp.(a)

    35       2,895  
   

 

 

  
Office Furnishings — 0.0%            

Herman Miller Inc.

     84       1,893  
   

 

 

  
Oil & Gas — 0.1%            

Murphy USA Inc.(a)

    84       8,971  
   

 

 

  
Pharmaceuticals — 0.1%            

Herbalife Nutrition Ltd.(a)

    166       6,200  
   

 

 

  
Security   Shares     Value  
Real Estate — 0.0%            

RE/MAX Holdings Inc., Class A

     49     $ 1,288  
   

 

 

  

Real Estate Investment Trusts — 0.3%

    

Apple Hospitality REIT Inc.

     294       2,846  

Host Hotels & Resorts Inc.

     931       11,461  

Macerich Co. (The)

     182       1,359  

Park Hotels & Resorts Inc.

     210       1,997  

Ruth’s Hospitality Group Inc.

     126       1,418  

Ryman Hospitality Properties Inc.

     56       1,979  

Tailored Brands Inc.(b)

    245       407  

Taubman Centers Inc.

     126       5,431  
   

 

 

  
      26,898  
Retail — 53.6%            

Abercrombie & Fitch Co., Class A

     363       3,841  

Advance Auto Parts Inc.

     252       30,469  

American Eagle Outfitters Inc.

     819       6,511  

Ascena Retail Group Inc.(a)

    45       65  

At Home Group Inc.(a)

    204       479  

AutoNation Inc.(a)

    147       5,474  

AutoZone Inc.(a)

    83       84,687  

Beacon Roofing Supply Inc.(a)

    84       1,848  

Bed Bath & Beyond Inc.

     599       3,708  

Best Buy Co. Inc.

     743       57,010  

Big Lots Inc.

     217       5,089  

BJ’s Restaurants Inc.

     63       1,377  

BJ’s Wholesale Club Holdings Inc.(a)

    491       12,918  

Bloomin’ Brands Inc.

     336       4,049  

Boot Barn Holdings Inc.(a)

    151       2,787  

Brinker International Inc.

     167       3,888  

Buckle Inc. (The)

     133       2,036  

Burlington Stores Inc.(a)

    318       58,095  

Caleres Inc.

     175       1,419  

CarMax Inc.(a)

    476       35,057  

Carvana Co.(a)

    82       6,569  

Casey’s General Stores Inc.

     147       22,257  

Cheesecake Factory Inc. (The)

     147       3,277  

Children’s Place Inc. (The)

     82       2,424  

Chipotle Mexican Grill Inc.(a)

    71       62,377  

Costco Wholesale Corp.

     1,830       554,490  

Cracker Barrel Old Country Store Inc.

     98       9,545  

Darden Restaurants Inc.

     469       34,608  

Dave & Buster’s Entertainment Inc.

     148       2,167  

Denny’s Corp.(a)

    252       2,840  

Designer Brands Inc. , Class A

     336       2,134  

Dick’s Sporting Goods Inc.

     302       8,876  

Dine Brands Global Inc.

     70       3,107  

Dollar General Corp.

     1,127       197,563  

Dollar Tree Inc.(a)

    1,119       89,151  

Domino’s Pizza Inc.

     166       60,080  

Dunkin’ Brands Group Inc.

     175       10,997  

FirstCash Inc.

     133       9,555  

Five Below Inc.(a)

    273       24,614  

Floor & Decor Holdings Inc., Class A(a)

    245       10,388  

Foot Locker Inc.

     448       11,482  

Gap Inc. (The)

     1,463       11,880  

Genesco Inc.(a)

    98       1,855  

Genuine Parts Co.

     217       17,204  

Home Depot Inc. (The)

     3,966       871,846  

Jack in the Box Inc.

     79       4,764  

Kohl’s Corp.

     799       14,750  
 

 

 

2

Schedule of Investments  (unaudited) (continued)

April 30, 2020

   

iShares® Evolved U.S. Discretionary Spending ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Retail (continued)            

L Brands Inc.

     1,230     $ 14,625  

La-Z-Boy Inc.

     126       2,955  

Lithia Motors Inc., Class A

     49       5,417  

Lowe’s Companies Inc.

     2,518       263,760  

Lululemon Athletica Inc.(a)

    569       127,160  

Macy’s Inc.

     1,817       10,648  

McDonald’s Corp.

     1,957       367,055  

MSC Industrial Direct Co. Inc., Class A

     70       4,175  

National Vision Holdings Inc.(a)

    175       4,637  

Nordstrom Inc.

     547       10,273  

Ollie’s Bargain Outlet Holdings Inc.(a)

    285       19,354  

O’Reilly Automotive Inc.(a)

    310       119,765  

Papa John’s International Inc.

     82       5,897  

PriceSmart Inc.

     98       6,227  

Qurate Retail Inc. Series A(a)

    370       2,980  

RH(a)(b)

    79       11,359  

Ross Stores Inc.

     1,739       158,875  

Sally Beauty Holdings Inc.(a)

    567       5,506  

Shake Shack Inc., Class A(a)

    84       4,579  

Signet Jewelers Ltd

     251       2,525  

Starbucks Corp.

     2,579       197,887  

Target Corp.

     2,387       261,949  

Texas Roadhouse Inc.

     252       11,867  

Tiffany & Co.

     416       52,624  

TJX Companies Inc. (The)

     5,384       264,085  

Tractor Supply Co.

     552       55,989  

Ulta Beauty Inc.(a)

    269       58,620  

Urban Outfitters Inc.(a)

    350       6,069  

Walgreens Boots Alliance Inc

     1,807       78,225  

Walmart Inc.

     5,901       717,267  

Wendy’s Co. (The)

     595       11,817  

Williams-Sonoma Inc.

     355       21,953  

Wingstop Inc.

     84       9,851  

Yum China Holdings Inc.

     1,102       53,403  

Yum! Brands Inc

     1,035       89,455  
   

 

 

  
      5,410,440  
Security   Shares     Value  
Software — 0.1%            

Take-Two Interactive Software Inc.(a)

    63     $ 7,626  
   

 

 

  
Textiles — 0.0%            

UniFirst Corp./MA

     28       4,708  
   

 

 

  
Toys, Games & Hobbies — 0.2%            

Hasbro Inc.

     168       12,131  

Mattel Inc.(a)

    530       4,622  
   

 

 

  
      16,753  
Transportation — 0.4%            

FedEx Corp.

     294       37,270  
   

 

 

  

Total Common Stocks — 99.2%
(Cost: $10,357,907)

       10,017,887  
   

 

 

  

Short-Term Investments

    
Money Market Funds — 1.7%            

BlackRock Cash Funds:

    

Institutional, SL Agency Shares,
0.89%(c)(d)(e)

    95,442       95,547  

BlackRock Cash Funds: Treasury,

    

SL Agency Shares,
0.18%(c)(d)

    75,000       75,000  
   

 

 

  
      170,547  
   

 

 

  

Total Short-Term Investments — 1.7%
(Cost: $170,399)

       170,547  
   

 

 

  

Total Investments in Securities — 100.9%
(Cost: $10,528,306)

       10,188,434  

Other Assets, Less Liabilities — (0.9)%

       (86,222 ) 
   

 

 

  

Net Assets — 100.0%

     $   10,102,212  
   

 

 

  

 

(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 nine months ended April 30, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

  
Affiliated Issuer    Shares
Held at
07/31/19		      Net Activity      Shares
Held at
04/30/20		      Value at
04/30/20		      Income      Net Realized
Gain (Loss)(a)		      Change in
Unrealized
Appreciation
(Depreciation)		  

 

  

BlackRock Cash Funds: Institutional, SL Agency Shares

      27,814        67,628        95,442      $ 95,547      $ 697 (b)     $ 106      $ 144  

BlackRock Cash Funds: Treasury, SL Agency Shares

      29,000        46,000        75,000        75,000        911        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 170,547      $ 1,608      $ 106      $ 144  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes realized capital gain distributions from an affiliated fund, if any.

 
  (b) 

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 iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

 

 

   3

Schedule of Investments  (unaudited) (continued)

April 30, 2020

   

iShares® Evolved U.S. Discretionary Spending ETF

 

Fair Value Measurements (continued)

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of April 30, 2020. 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

    $ 10,017,887      $ —      $ —      $ 10,017,887  

Money Market Funds

      170,547        —        —        170,547  
  

 

 

     

 

 

     

 

 

     

 

 

  
   $ 10,188,434      $             —      $             —      $ 10,188,434  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

Portfolio Abbreviations — Equity
NVS    Non-Voting Shares

 

 

 

4