Schedule

Investments

(unaudited)

April

30,

2023

iShares

U.S.

Tech

Independence

Focused

ETF

(Percentages

shown

are

based

Net

Assets)

Security

Value

Common

Stocks

Aerospace

Defense

—

3.1%

Boeing

Co.

(The)

(a)

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

15,634

3,232,799

Lockheed

Martin

Corp.

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

1,482

688,315

Mercury

Systems,

Inc.

(a)

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

1,644

78,369

3,999,483

Automobile

Components

—

0.0%

Aptiv

plc

(a)

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

512

52,664

Broadline

Retail

—

6.9%

Amazon.com,

Inc.

(a)

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

80,289

8,466,475

Coupang

Inc.,

Class

(a)

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

4,479

75,068

eBay,

Inc.

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

4,131

191,802

8,733,345

Building

Products

—

0.1%

Fortune

Brands

Innovations,

Inc.

........

1,625

105,121

Capital

Markets

—

3.8%

Blackstone,

Inc.,

Class

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

1,804

161,151

Cboe

Global

Markets,

Inc.

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

639

89,268

CME

Group,

Inc.,

Class

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

2,029

376,927

Coinbase

Global,

Inc.,

Class

(a)(b)

........

3,446

185,360

FactSet

Research

Systems,

Inc.

.........

233

95,924

Intercontinental

Exchange,

Inc.

.........

19,479

2,121,848

LPL

Financial

Holdings,

Inc.

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

379

79,151

Moody's

Corp.

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

1,370

428,975

MSCI,

Inc.

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

366

176,577

Nasdaq,

Inc.

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

2,090

115,723

S&P

Global,

Inc.

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

2,771

1,004,709

4,835,613

Commercial

Services

Supplies

—

0.3%

Rollins,

Inc.

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

843

35,617

Tetra

Tech,

Inc.

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

2,078

287,533

323,150

Communications

Equipment

—

4.8%

Arista

Networks,

Inc.

(a)

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

1,509

241,681

Cisco

Systems,

Inc.

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

66,516

3,142,881

Juniper

Networks,

Inc.

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

3,080

92,862

Motorola

Solutions,

Inc.

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

9,212

2,684,377

6,161,801

Construction

Engineering

—

0.1%

Ameresco

Inc.,

Class

(a)

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

2,739

113,942

Containers

Packaging

—

0.1%

Sealed

Air

Corp.

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

1,787

85,758

Electrical

Equipment

—

0.2%

Rockwell

Automation,

Inc.

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

494

140,004

Vertiv

Holdings

Co.,

Class

...........

6,291

93,862

233,866

Electronic

Equipment,

Instruments

Components

—

1.4%

CDW

Corp.

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

6,027

1,022,119

Corning,

Inc.

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

1,396

46,375

Insight

Enterprises,

Inc.

(a)

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

1,194

144,414

Keysight

Technologies,

Inc.

(a)

...........

2,184

315,894

National

Instruments

Corp.

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

1,267

73,778

Teledyne

Technologies,

Inc.

(a)

...........

226

93,654

Trimble,

Inc.

(a)

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

2,742

129,148

1,825,382

Energy

Equipment

Services

—

0.2%

Schlumberger

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

4,104

202,532

Security

Value

Entertainment

—

0.2%

Activision

Blizzard,

Inc.

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

1,076

83,616

Electronic

Arts,

Inc.

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

1,405

178,828

ROBLOX

Corp.,

Class

(a)

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

1,369

48,737

311,181

Financial

Services

—

3.1%

Block,

Inc.,

Class

(a)

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

2,948

179,209

Fidelity

National

Information

Services,

Inc.

7,238

425,015

Fiserv,

Inc.

(a)

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

8,893

1,086,013

FleetCor

Technologies,

Inc.

(a)

...........

1,419

303,552

Global

Payments,

Inc.

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

2,780

313,334

Jack

Henry

Associates,

Inc.

..........

1,584

258,731

Mastercard

Inc.,

Class

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

1,040

395,231

PayPal

Holdings,

Inc.

(a)

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

4,962

377,112

Visa,

Inc.,

Class

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

2,568

597,651

3,935,848

Ground

Transportation

—

0.1%

Uber

Technologies,

Inc.

(a)

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

5,953

184,841

Health

Care

Technology

—

0.1%

Veeva

Systems,

Inc.,

Class

(a)

.........

886

158,665

Hotels,

Restaurants

Leisure

—

0.5%

(a)

Airbnb,

Inc.,

Class

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

1,467

175,556

Booking

Holdings,

Inc.

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

110

295,494

DoorDash

Inc.,

Class

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

2,304

140,982

612,032

Household

Products

—

0.1%

Colgate-Palmolive

Co.

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

833

66,473

Insurance

—

0.4%

Aon

plc,

Class

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

562

182,751

Marsh

McLennan

Cos.,

Inc.

..........

2,012

362,543

545,294

Interactive

Media

Services

—

3.6%

(a)

Alphabet,

Inc.,

Class

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

15,806

1,696,616

Alphabet,

Inc.,

Class

NVS

...........

13,703

1,482,939

Meta

Platforms,

Inc.,

Class

...........

4,415

1,061,013

Pinterest,

Inc.,

Class

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

2,562

58,926

Snap,

Inc.,

Class

NVS

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

24,313

211,766

ZoomInfo

Technologies,

Inc.

...........

3,453

75,655

4,586,915

Services

—

9.7%

Accenture

plc,

Class

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

25,457

7,135,343

Akamai

Technologies,

Inc.

(a)

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

3,027

248,123

Cloudflare

Inc.,

Class

(a)(b)

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

10,402

489,414

Cognizant

Technology

Solutions

Corp.,

Class

3,740

223,315

DigitalOcean

Holdings,

Inc.

(a)

...........

2,320

73,173

DXC

Technology

Co.

(a)

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

3,892

92,824

Gartner,

Inc.

(a)

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

1,987

600,988

International

Business

Machines

Corp.

....

19,040

2,406,846

MongoDB,

Inc.,

Class

(a)

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

438

105,103

Okta

Inc.,

Class

(a)

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

774

53,042

Snowflake,

Inc.,

Class

(a)

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

1,954

289,348

Twilio

Inc.,

Class

(a)

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

1,096

57,661

VeriSign,

Inc.

(a)

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

2,724

604,183

12,379,363

Life

Sciences

Tools

Services

—

0.4%

Agilent

Technologies,

Inc.

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

1,288

174,434

Illumina,

Inc.

(a)

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

678

139,370

IQVIA

Holdings,

Inc.

(a)

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

1,201

226,064

539,868

Schedule

Investments

(unaudited)

(continued)

April

30,

2023

iShares

U.S.

Tech

Independence

Focused

ETF

(Percentages

shown

are

based

Net

Assets)

Security

Value

Machinery

—

0.7%

Fortive

Corp.

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

5,994

Parker-Hannifin

Corp.

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

2,698

876,526

Xylem,

Inc.

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

363

37,694

920,214

Media

—

0.6%

Interpublic

Group

Cos.,

Inc.

(The)

......

6,627

236,783

Omnicom

Group,

Inc.

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

2,781

251,875

Trade

Desk,

Inc.

(The),

Class

(a)

........

3,472

223,388

712,046

Professional

Services

—

3.4%

ASGN,

Inc.

(a)(b)

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

1,653

118,338

Automatic

Data

Processing,

Inc.

.........

4,442

977,240

Booz

Allen

Hamilton

Holding

Corp.

.......

2,502

239,491

Broadridge

Financial

Solutions,

Inc.

......

629

91,463

CACI

International,

Inc.,

Class

(a)

.......

588

184,232

Ceridian

HCM

Holding,

Inc.

(a)(b)

..........

1,689

107,218

CoStar

Group,

Inc.

(a)

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

5,567

428,381

Equifax,

Inc.

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

1,560

325,073

FTI

Consulting,

Inc.

(a)

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

473

85,376

Genpact

Ltd.

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

2,589

115,340

Jacobs

Solutions,

Inc.

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

800

92,368

Leidos

Holdings,

Inc.

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

891

83,095

Maximus,

Inc.

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

1,125

94,106

Paychex,

Inc.

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

2,532

278,166

Paycom

Software,

Inc.

(a)

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

666

193,386

Paylocity

Holding

Corp.

(a)

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

445

86,014

Science

Applications

International

Corp.

...

787

80,298

SS&C

Technologies

Holdings,

Inc.

.......

1,594

93,313

TransUnion

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

3,320

228,449

Verisk

Analytics,

Inc.

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

2,063

400,449

4,301,796

Semiconductors

Semiconductor

Equipment

—

18.9%

Advanced

Micro

Devices,

Inc.

(a)

.........

6,293

562,405

Applied

Materials,

Inc.

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

1,558

176,101

Broadcom,

Inc.

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

23,735

14,869,978

Enphase

Energy,

Inc.

(a)

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

615

100,983

Intel

Corp.

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

31,397

975,191

KLA

Corp.

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

496

191,724

Lam

Research

Corp.

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

408

213,825

Marvell

Technology,

Inc.

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

25,646

1,012,504

Microchip

Technology,

Inc.

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

6,438

469,910

Micron

Technology,

Inc.

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

3,879

249,652

Monolithic

Power

Systems,

Inc.

.........

265

122,422

NVIDIA

Corp.

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

12,168

3,376,498

NXP

Semiconductors

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

1,048

171,600

Semiconductor

Corp.

(a)

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

1,442

103,766

Qorvo

Inc.

(a)

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

2,850

262,428

QUALCOMM,

Inc.

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

2,939

343,275

Silicon

Laboratories,

Inc.

(a)

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

1,083

150,862

Teradyne,

Inc.

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

1,814

165,763

Texas

Instruments,

Inc.

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

2,776

464,147

23,983,034

Software

—

32.3%

Adobe,

Inc.

(a)

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

3,577

1,350,532

ANSYS,

Inc.

(a)

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

2,210

693,763

Appian

Corp.,

Class

(a)

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

2,019

75,814

Autodesk,

Inc.

(a)

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

903

175,895

Bentley

Systems,

Inc.,

Class

..........

6,548

278,683

BILL

Holdings,

Inc.

(a)

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

948

72,816

Cadence

Design

Systems,

Inc.

(a)

........

4,000

837,800

Confluent,

Inc.,

Class

(a)(b)

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

6,887

151,514

Crowdstrike

Holdings,

Inc.,

Class

(a)

......

1,599

191,960

Security

Value

Software

(continued)

Datadog

Inc.,

Class

(a)

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

2,356

158,747

DocuSign,

Inc.

(a)

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

1,825

90,228

Fair

Isaac

Corp.

(a)

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

137

99,729

Fortinet,

Inc.

(a)

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

4,385

276,474

HubSpot

Inc.

(a)

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

377

158,698

Intuit,

Inc.

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

2,484

1,102,772

Microsoft

Corp.

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

61,768

18,978,836

Oracle

Corp.

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

87,946

8,330,245

Palantir

Technologies,

Inc.,

Class

(a)

.....

12,149

94,155

Palo

Alto

Networks,

Inc.

(a)

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

3,598

656,491

Qualys

Inc.

(a)

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

2,198

248,242

Roper

Technologies,

Inc.

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

339

154,170

Salesforce,

Inc.

(a)

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

22,095

4,382,985

ServiceNow

Inc.

(a)

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

2,094

962,026

Splunk

Inc.

(a)

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

1,120

96,589

Synopsys,

Inc.

(a)

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

676

251,012

Tyler

Technologies,

Inc.

(a)

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

1,634

619,335

VMware,

Inc.,

Class

(a)

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

1,352

169,041

Workday,

Inc.,

Class

(a)

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

1,371

255,198

Zoom

Video

Communications,

Inc.,

Class

(a)(b)

1,898

116,594

41,030,344

Specialized

REITs

—

1.0%

Digital

Realty

Trust,

Inc.

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

868

86,062

Equinix

Inc.

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

1,364

987,645

Iron

Mountain,

Inc.

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

3,026

167,157

1,240,864

Specialty

Retail

—

0.1%

Best

Buy

Co.,

Inc.

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

1,435

106,936

Technology

Hardware,

Storage

Peripherals

—

3.2%

Apple,

Inc.

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

17,749

3,011,650

Dell

Technologies,

Inc.,

Class

.........

6,715

292,035

Hewlett

Packard

Enterprise

Co.

.........

22,241

318,491

HP,

Inc.

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

9,152

271,906

NetApp,

Inc.

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

2,423

152,383

Pure

Storage,

Inc.,

Class

(a)

...........

2,812

64,198

4,110,663

Total

Long-Term

Investments

—

99.4%

(Cost:

$115,046,443)

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

126,399,034

Short-Term

Securities

Money

Market

Funds

—

1.5%

(c)(d)

BlackRock

Cash

Funds:

Institutional,

Agency

Shares,

5.02%

(e)

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

1,146,059

1,146,403

BlackRock

Cash

Funds:

Treasury,

Agency

Shares,

4.75%

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

704,874

Total

Short-Term

Securities

—

1.5%

(Cost:

$1,851,177)

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

1,851,277

Total

Investments

—

100.9%

(Cost:

$116,897,620

)

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

128,250,311

Liabilities

Excess

Other

Assets

—

(0.9)%

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

(1,128,986)

Net

Assets

—

100.0%

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

127,121,325

(a)

Non-income

producing

security.

(b)

All

portion

this

security

loan.

(c)

Affiliate

the

Fund.

(d)

Annualized

7-day

yield

period

end.

(e)

All

portion

this

security

was

purchased

with

the

cash

collateral

from

loaned

securities.

Schedule

Investments

(unaudited)

(continued)

April

30,

2023

iShares

U.S.

Tech

Independence

Focused

ETF

Affiliates

Investments

issuers

considered

affiliate(s)

the

Fund

during

the period

ended

April

30,

2023

for

purposes

Section

2(a)(3)

the

Investment

Company

Act

1940,

amended,

were

follows:

Fair

Value

Hierarchy

Period

End

Various

inputs

are

used

determining

the

fair

value

financial

instruments.

These

inputs

valuation

techniques

are

categorized

into

fair

value

hierarchy

consisting

three

broad

levels

for

financial

reporting

purposes

follows:

Level

—

Unadjusted

price

quotations

active

markets/exchanges

for

identical

assets

liabilities

that

the

Fund

has

the

ability

access;

Level

—

Other

observable

inputs

(including,

but

not

limited

to,

quoted

prices

for

similar

assets

liabilities

markets

that

are

active,

quoted

prices

for

identical

similar

assets

liabilities

markets

that

are

not

active,

inputs

other

than

quoted

prices

that

are

observable

for

the

assets

liabilities

(such

interest

rates,

yield

curves,

volatilities,

prepayment

speeds,

loss

severities,

credit

risks

and

default

rates)

other

market-corroborated

inputs);

and

Level

—

Unobservable

inputs

based

the

best

information

available

the

circumstances,

the

extent

observable

inputs

are

not

available

(including

the

Valuation

Committee's

assumptions

used

determining

the

fair

value

financial

instruments).

The

hierarchy

gives

the

highest

priority

unadjusted

quoted

prices

active

markets

for

identical

assets

liabilities

(Level

measurements)

and

the

lowest

priority

unobservable

inputs

(Level

measurements).

Accordingly,

the

degree

judgment

exercised

determining

fair

value

greatest

for

instruments

categorized

Level

The

inputs

used

measure

fair

value

may

fall

into

different

levels

the

fair

value

hierarchy.

such

cases,

for

disclosure

purposes,

the

fair

value

hierarchy

classification

determined

based

the

lowest

level

input

that

significant

the

fair

value

measurement

its

entirety.

Investments

classified

within

Level

have

significant

unobservable

inputs

used

the

Valuation

Committee

determining

the

price

for

Fair

Valued

Investments.

Level

investments

include

equity

debt

issued

privately

held

companies

funds.

There

may

not

secondary

market,

and/

there

are

limited

number

investors.

The

categorization

value

determined

for

financial

instruments

based

the

pricing

transparency

the

financial

instruments

and

not

necessarily

indication

the

risks

associated

with

investing

those

securities.

For

information

about

the

Fund’s

policy

regarding

valuation

financial

instruments,

refer

its

most

recent

financial

statements.

The

following

table

summarizes

the

Fund’s

financial

instruments

categorized

the

fair

value

hierarchy.

The

breakdown

the

Fund's

financial

instruments

into

major