NPORT-EX 2 NPORT_8695096544310491.htm iShares Evolved US Financials ETF

Schedule of Investments  (unaudited)

April 30, 2020

   

iShares® Evolved U.S. Financials ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

 

  
Banks — 39.7%        

Ameris Bancorp.

     64     $ 1,628  

Associated Banc-Corp.

     347       4,907  

Atlantic Union Bankshares Corp.

     140       3,342  

BancFirst Corp.

     46       1,771  

BancorpSouth Bank

     120       2,627  

Bank of America Corp.

     7,157       172,126  

Bank of Hawaii Corp.

     94       6,409  

Bank of New York Mellon Corp. (The)

     1,248       46,850  

Bank OZK

     226       5,112  

BankUnited Inc.

     216       4,279  

Banner Corp.

     52       1,998  

BOK Financial Corp.

     53       2,745  

Bryn Mawr Bank Corp.

     63       1,834  

Cathay General Bancorp.

     180       5,026  

CenterState Bank Corp.

     173       3,008  

CIT Group Inc.

     167       3,170  

Citigroup Inc.

     2,831       137,473  

Citizens Financial Group Inc.

     830       18,584  

City Holding Co.

     40       2,704  

Columbia Banking System Inc.

     153       4,129  

Comerica Inc.

     264       9,203  

Commerce Bancshares Inc.

     210       12,850  

Community Bank System Inc.

     114       7,124  

ConnectOne Bancorp. Inc.

     76       1,135  

Cullen/Frost Bankers Inc.

     118       8,479  

CVB Financial Corp.

     243       5,051  

Eagle Bancorp. Inc.

     67       2,350  

East West Bancorp. Inc.

     288       10,100  

Enterprise Financial Services Corp.

     58       1,783  

Fifth Third Bancorp.

     1,330           24,858  

First BanCorp./Puerto Rico

     384       2,239  

First Bancorp./Southern Pines NC

     71       1,888  

First Busey Corp.

     112       2,063  

First Citizens BancShares Inc./NC, Class A

     15       5,730  

First Commonwealth Financial Corp.

     268       2,551  

First Financial Bancorp.

     210       3,230  

First Financial Bankshares Inc.

     284       7,909  

First Hawaiian Inc.

     121       2,128  

First Horizon National Corp.

     652       5,920  

First Interstate BancSystem Inc., Class A

     83       2,805  

First Midwest Bancorp. Inc.

     230       3,399  

Flagstar Bancorp. Inc.

     62       1,606  

FNB Corp.

     695       5,623  

Fulton Financial Corp.

     382       4,466  

Glacier Bancorp. Inc.

     172       6,550  

Goldman Sachs Group Inc. (The)

     522       95,745  

Great Western Bancorp. Inc.

     127       2,388  

Hancock Whitney Corp.

     169       3,534  

Hanmi Financial Corp.

     78       941  

Heartland Financial USA Inc.

     71       2,412  

Heritage Financial Corp./WA

     75       1,504  

Hilltop Holdings Inc.

     160       3,088  

Home BancShares Inc./AR

     318       4,875  

Hope Bancorp Inc.

     282       2,806  

Huntington Bancshares Inc./OH

     1,901       17,565  

IBERIABANK Corp.

     112       4,644  

Independent Bank Corp.

     58       4,228  

Independent Bank Group Inc.

     43       1,303  
Security   Shares     Value  
Banks (continued)            

International Bancshares Corp.

     134     $ 3,885  

JPMorgan Chase & Co.

     1,820       174,283  

KeyCorp

     1,838       21,413  

Lakeland Bancorp. Inc.

     132       1,477  

Lakeland Financial Corp.

     67       2,836  

M&T Bank Corp.

     119       13,337  

Meta Financial Group Inc.

     57       1,050  

Morgan Stanley

     1,867       73,616  

National Bank Holdings Corp., Class A

     71       1,887  

NBT Bancorp. Inc.

     113       3,744  

Northern Trust Corp.

     373       29,527  

OFG Bancorp.

     94       1,183  

Old National Bancorp./IN

     329       4,662  

PacWest Bancorp.

     229       4,635  

Park National Corp.

     33       2,639  

Pinnacle Financial Partners Inc.

     147       5,917  

Popular Inc.

     194       7,486  

Prosperity Bancshares Inc.

     191       11,447  

Regions Financial Corp.

     1,846       19,844  

Renasant Corp.

     114       2,990  

S&T Bancorp. Inc.

     84       2,244  

Sandy Spring Bancorp. Inc.

     78       1,989  

Seacoast Banking Corp. of Florida(a)

    99       2,225  

ServisFirst Bancshares Inc.

     94       3,339  

Simmons First National Corp., Class A

     177       3,310  

South State Corp.

     82       4,743  

Southside Bancshares Inc.

     85       2,585  

State Street Corp.

     611       38,517  

SVB Financial Group(a)

    95       18,351  

Synovus Financial Corp.

     297       6,240  

TCF Financial Corp.

     279       8,283  

Texas Capital Bancshares Inc.(a)

    54       1,500  

Tompkins Financial Corp.

     38       2,565  

Truist Financial Corp.

     2,122       79,193  

Trustmark Corp.

     72       1,916  

U.S. Bancorp.

     2,552       93,148  

UMB Financial Corp.

     94       4,779  

Umpqua Holdings Corp.

     398       4,985  

United Community Banks Inc./GA

     128       2,707  

Valley National Bancorp.

     594       4,966  

Veritex Holdings Inc.

     64       1,124  

Webster Financial Corp.

     186       5,254  

Wells Fargo & Co.

     4,467       129,766  

WesBanco Inc.

     103       2,542  

Westamerica Bancorp.

     61       3,843  

Western Alliance Bancorp.

     152       5,454  

Wintrust Financial Corp.

     116       4,860  

Zions Bancorp. N.A

     357       11,285  
   

 

 

  
      1,555,366  

Commercial Services — 5.5%

    

Automatic Data Processing Inc.

     211       30,952  

CoreLogic Inc.

     64       2,459  

Equifax Inc.

     78       10,834  

Euronet Worldwide Inc.(a)

    25       2,294  

FleetCor Technologies Inc.(a)

    42       10,132  

FTI Consulting Inc.(a)

    21       2,675  

Global Payments Inc.

     180       29,884  

Green Dot Corp., Class A(a)

    57       1,739  

HealthEquity Inc.(a)

    37       2,082  

Insperity Inc.

     29       1,384  
 

 

 

1

Schedule of Investments  (unaudited) (continued)

April 30, 2020

   

iShares® Evolved U.S. Financials ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Commercial Services (continued)  

MarketAxess Holdings Inc.

     30     $ 13,650  

Moody’s Corp.

     141       34,390  

Morningstar Inc.

     17       2,651  

S&P Global Inc.

     148       43,346  

Service Corp. International

     111       4,078  

Verisk Analytics Inc.

     127       19,409  

WEX Inc.(a)

    37       4,896  
   

 

 

  
          216,855  

Computers — 0.1%

    

Genpact Ltd.

     66       2,272  
   

 

 

  

Diversified Financial Services — 15.1%

    

Affiliated Managers Group Inc.

     61       4,268  

Alliance Data Systems Corp.

     30       1,502  

Ally Financial Inc.

     651       10,670  

American Express Co.

     830       75,737  

Ameriprise Financial Inc.

     201       23,103  

Ares Management Corp., Class A

     76       2,550  

Artisan Partners Asset Management Inc., Class A

     70       2,061  

BGC Partners Inc., Class A

     217       672  

Boston Private Financial Holdings Inc.

     128       973  

Capital One Financial Corp.

     723       46,821  

Cboe Global Markets Inc.

     101       10,037  

Charles Schwab Corp. (The)

     1,668       62,917  

CME Group Inc.

     230       40,988  

Credit Acceptance Corp.(a)(b)

    18       5,608  

Discover Financial Services

     410       17,618  

E*TRADE Financial Corp.

     370       15,026  

Eaton Vance Corp., NVS

     167       6,129  

Evercore Inc., Class A

     38       1,961  

Federated Hermes Inc.

     132       3,006  

Franklin Resources Inc.

     415       7,819  

Interactive Brokers Group Inc., Class A(b)

    71       2,911  

Intercontinental Exchange Inc.

     459       41,058  

Invesco Ltd.

     336       2,896  

Janus Henderson Group PLC.

     264       4,726  

Jefferies Financial Group Inc.

     307       4,212  

KKR & Co. Inc., Class A, NVS

     539       13,588  

Legg Mason Inc.

     140       6,976  

LendingTree Inc.(a)

    5       1,247  

LPL Financial Holdings Inc.

     116       6,985  

Mastercard Inc., Class A

     135       37,121  

Moelis & Co., Class A

     41       1,225  

Nasdaq Inc.

     105       11,515  

Navient Corp.

     271       2,065  

OneMain Holdings Inc.

     116       2,808  

Raymond James Financial Inc.

     218       14,371  

Santander Consumer USA Holdings Inc.

     110       1,715  

SEI Investments Co.

     153       7,797  

SLM Corp.

     711       5,930  

Stifel Financial Corp.

     123       5,446  

Synchrony Financial

     829       16,406  

T Rowe Price Group Inc.

     294       33,995  

TD Ameritrade Holding Corp.

     275       10,799  

Visa Inc., Class A

     39       6,970  

Waddell & Reed Financial Inc., Class A

     137       1,993  

Western Union Co. (The)

     326       6,217  
   

 

 

  
      590,438  
Electric — 0.1%            

Hawaiian Electric Industries Inc.

     139       5,486  
   

 

 

  
Security   Shares     Value  
Engineering & Construction — 0.1%            

frontdoor Inc.(a)

    55     $ 2,129  
   

 

 

  
Forest Products & Paper — 0.1%            

International Paper Co.

     156       5,343  
   

 

 

  
Health Care - Services — 4.5%            

Anthem Inc.

     133       37,337  

Centene Corp.(a)

    121       8,056  

Cigna Corp.(a)

    275       53,840  

Molina Healthcare Inc.(a)

    33       5,411  

UnitedHealth Group Inc.

     247       72,240  
   

 

 

  
      176,884  

Home Builders — 0.2%

    

NVR Inc.(a)

    3       9,300  
   

 

 

  
Household Products & Wares — 0.0%            

Spectrum Brands Holdings Inc.

     8       345  
   

 

 

  
Insurance — 24.8%            

Aflac Inc.

     1,206       44,911  

Alleghany Corp.

     21       11,208  

Allstate Corp. (The)

     527       53,606  

American Financial Group Inc./OH

     139       9,207  

American International Group Inc.

     1,525       38,781  

American National Insurance Co.

     22       1,771  

Aon PLC.

     181       31,253  

Arch Capital Group Ltd.(a)

    563       13,529  

Argo Group International Holdings Ltd.

     56       1,980  

Arthur J Gallagher & Co.

     250       19,625  

Assurant Inc.

     74       7,862  

Assured Guaranty Ltd.

     85       2,527  

Athene Holding Ltd., Class A(a)

    201       5,427  

Axis Capital Holdings Ltd.

     134       4,904  

Berkshire Hathaway Inc., Class B(a)

    586       109,793  

Brighthouse Financial Inc.(a)

    154       3,959  

Brown & Brown Inc.

     331       11,886  

Cincinnati Financial Corp.

     296       19,477  

CNA Financial Corp.

     66       2,084  

CNO Financial Group Inc.

     209       2,939  

Employers Holdings Inc.

     56       1,701  

Enstar Group Ltd.(a)

    19       2,748  

Equitable Holdings Inc.

     602       11,029  

Erie Indemnity Co., Class A, NVS

     27       4,808  

Essent Group Ltd.

     131       3,579  

Everest Re Group Ltd.

     71       12,292  

FGL Holdings

     249       2,585  

Fidelity National Financial Inc.

     395       10,685  

First American Financial Corp.

     212       9,777  

Genworth Financial Inc., Class A(a)

    1,014       3,681  

Globe Life Inc.

     209       17,209  

Hanover Insurance Group Inc. (The)

     81       8,131  

Hartford Financial Services Group Inc. (The)

     659       25,035  

Horace Mann Educators Corp.

     85       2,989  

Kemper Corp.

     83       5,579  

Kinsale Capital Group Inc.

     39       4,236  

Lincoln National Corp.

     371       13,159  

Loews Corp.

     240       8,318  

Markel Corp.(a)

    19       16,451  

Marsh & McLennan Companies Inc.

     605       58,885  

Mercury General Corp.

     60       2,458  

MetLife Inc.

     1,337       48,239  
 

 

 

2

Schedule of Investments  (unaudited) (continued)

April 30, 2020

   

iShares® Evolved U.S. Financials ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Insurance (continued)            

MGIC Investment Corp.

     653     $ 4,773  

National General Holdings Corp.

     118       2,246  

NMI Holdings Inc., Class A(a)

    139       1,879  

Old Republic International Corp.

     379       6,045  

Primerica Inc.

     56       5,819  

Principal Financial Group Inc.

     503       18,314  

ProAssurance Corp.

     105       2,246  

Progressive Corp. (The)

     981       75,831  

Prudential Financial Inc.

     723       45,093  

Radian Group Inc.

     374       5,603  

RenaissanceRe Holdings Ltd.

     75       10,951  

RLI Corp.

     90       6,555  

Safety Insurance Group Inc.

     33       2,776  

Selective Insurance Group Inc.

     112       5,615  

Travelers Companies Inc. (The)

     454       45,949  

Universal Insurance Holdings Inc.

     64       1,167  

Unum Group

     394       6,875  

Voya Financial Inc.

     280       12,648  

White Mountains Insurance Group Ltd.

     6       5,838  

Willis Towers Watson PLC

     116       20,682  

WR Berkley Corp.

     283       15,282  
   

 

 

  
      972,490  
Internet — 0.1%            

Lyft Inc., Class A(a)

    98       3,217  
   

 

 

  
Machinery — 0.8%            

Caterpillar Inc.

     257       29,910  
   

 

 

  
Media — 0.1%            

FactSet Research Systems Inc.

     16       4,400  
   

 

 

  
Pharmaceuticals — 0.8%            

CVS Health Corp.

     491       30,221  
   

 

 

  
Private Equity — 0.8%            

Blackstone Group Inc. (The), Class A

     581       30,351  
   

 

 

  
Real Estate Investment Trusts — 0.6%            

AGNC Investment Corp.

     213       2,645  

Annaly Capital Management Inc.

     930       5,812  

MFA Financial Inc.

     382       669  

New Residential Investment Corp.

     268       1,632  

Two Harbors Investment Corp.

     150       686  

Weyerhaeuser Co.

     492       10,760  
   

 

 

  
      22,204  
Retail — 0.1%            

FirstCash Inc.

     30       2,155  
   

 

 

  
Savings & Loans — 1.4%            

Axos Financial Inc.(a)

    95       2,190  

Berkshire Hills Bancorp. Inc.

     75       1,278  

Brookline Bancorp. Inc.

     175       1,787  
Security   Shares     Value  
Savings & Loans (continued)            

Capitol Federal Financial Inc.

     292     $ 3,501  

Investors Bancorp. Inc.

     501       4,664  

Meridian Bancorp. Inc.

     113       1,331  

New York Community Bancorp. Inc.

     937       10,176  

Northwest Bancshares Inc.

     224       2,377  

OceanFirst Financial Corp.

     97       1,634  

Pacific Premier Bancorp. Inc.

     95       2,028  

People’s United Financial Inc.

     759       9,632  

Provident Financial Services Inc.

     140       2,009  

Sterling Bancorp./DE

     450       5,548  

Washington Federal Inc.

     174       4,653  

WSFS Financial Corp.

     118       3,443  
   

 

 

  
      56,251  

Semiconductors — 0.5%

    

Intel Corp.

     359       21,533  
   

 

 

  

Software — 3.4%

    

Black Knight Inc.(a)

    48       3,387  

Broadridge Financial Solutions Inc.

     90       10,440  

Fidelity National Information Services Inc.

     456       60,142  

Fiserv Inc.(a)

    277       28,548  

MSCI Inc.

     47       15,369  

Paychex Inc.

     121       8,291  

SS&C Technologies Holdings Inc.

     91       5,019  
   

 

 

  
      131,196  
   

 

 

  

Total Common Stocks — 98.8%
(Cost: $4,876,183)

       3,868,346  
   

 

 

  

Short-Term Investments

    
Money Market Funds — 1.3%            

BlackRock Cash Funds: Institutional,

    

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

    9,217       9,228  

BlackRock Cash Funds: Treasury,

    

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

     40,000       40,000  
   

 

 

  
      49,228  
   

 

 

  

Total Short-Term Investments — 1.3%
(Cost: $49,214)

       49,228  
   

 

 

  

Total Investments in Securities — 100.1%
(Cost: $4,925,397)

 

     3,917,574  

Other Assets, Less Liabilities — (0.1)%

       (1,978 ) 
   

 

 

  

Net Assets — 100.0%

     $ 3,915,596  
   

 

 

  

 

(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.

 

 

 

3

Schedule of Investments  (unaudited) (continued)

April 30, 2020

    iShares® Evolved U.S. Financials ETF

 

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

      1,489        7,728        9,217      $ 9,228      $ 79 (b)     $ 37      $ 13  

BlackRock Cash Funds: Treasury,
SL Agency Shares

      24,000        16,000        40,000        40,000        319        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 49,228      $ 398      $ 37      $ 13  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (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.

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

    $ 3,868,346        $ —        $ —        $ 3,868,346  

Money Market Funds

      49,228          —          —          49,228  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 3,917,574        $             —        $             —        $ 3,917,574  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

Portfolio Abbreviations — Equity
NVS    Non-Voting Shares

 

 

 

4