Schedule

of

Investments

(unaudited)

April

30,

2023

iShares

®

U.S.

Consumer

Focused

ETF

1

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Common

Stocks

Air

Freight

&

Logistics

—

0.3%

FedEx

Corp.

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

105

$

23,917

United

Parcel

Service,

Inc.,

Class

B

......

77

13,845

37,762

Beverages

—

0.4%

Brown-Forman

Corp.,

Class

B,

NVS

......

151

9,828

Constellation

Brands,

Inc.,

Class

A

.......

225

51,631

61,459

Broadline

Retail

—

13.4%

Amazon.com,

Inc.

(a)

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

15,735

1,659,256

Coupang,

Inc.,

Class

A

(a)

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

1,695

28,408

Dillard's,

Inc.,

Class

A

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

27

8,056

eBay,

Inc.

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

542

25,165

Etsy,

Inc.

(a)

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

199

20,105

Kohl's

Corp.

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

772

17,007

Macy's,

Inc.

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

1,373

22,435

Nordstrom,

Inc.

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

648

10,018

Ollie's

Bargain

Outlet

Holdings,

Inc.

(a)

.....

419

27,340

1,817,790

Building

Products

—

0.2%

Fortune

Brands

Innovations,

Inc.

........

134

8,669

Masco

Corp.

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

295

15,785

Masterbrand,

Inc.

(a)

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

134

1,081

25,535

Commercial

Services

&

Supplies

—

1.1%

Cintas

Corp.

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

201

91,610

Copart,

Inc.

(a)

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

564

44,584

Driven

Brands

Holdings,

Inc.

(a)

..........

255

7,829

Rollins,

Inc.

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

244

10,309

154,332

Consumer

Finance

—

0.1%

FirstCash

Holdings,

Inc.

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

100

10,303

Consumer

Staples

Distribution

&

Retail

—

23.0%

Albertsons

Cos.,

Inc.,

Class

A

..........

803

16,783

BJ's

Wholesale

Club

Holdings,

Inc.

(a)

......

736

56,208

Casey's

General

Stores,

Inc.

...........

190

43,476

Costco

Wholesale

Corp.

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

1,719

865,035

Dollar

General

Corp.

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

1,228

271,953

Dollar

Tree,

Inc.

(a)

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

1,253

192,599

Grocery

Outlet

Holding

Corp.

(a)

..........

509

15,158

Kroger

Co.

(The)

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

3,049

148,273

Performance

Food

Group

Co.

(a)

.........

434

27,207

Sprouts

Farmers

Market,

Inc.

(a)

..........

562

19,479

Sysco

Corp.

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

700

53,718

Target

Corp.

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

2,639

416,302

US

Foods

Holding

Corp.

(a)

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

627

24,077

Walgreens

Boots

Alliance,

Inc.

..........

1,717

60,524

Walmart,

Inc.

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

6,056

914,274

3,125,066

Distributors

—

0.5%

Genuine

Parts

Co.

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

230

38,712

Pool

Corp.

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

82

28,808

67,520

Diversified

Consumer

Services

—

0.2%

Bright

Horizons

Family

Solutions,

Inc.

(a)

....

37

2,816

H&R

Block,

Inc.

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

403

13,666

Service

Corp.

International

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

175

12,283

28,765

Security

Shares

Shares

Value

Entertainment

—

0.1%

Live

Nation

Entertainment,

Inc.

(a)

........

235

$

15,928

Financial

Services

—

2.1%

Block,

Inc.,

Class

A

(a)

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

1,042

63,343

Mastercard,

Inc.,

Class

A

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

199

75,626

Toast,

Inc.,

Class

A

(a)

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

610

11,102

Visa,

Inc.,

Class

A

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

557

129,631

279,702

Food

Products

—

0.2%

Flowers

Foods,

Inc.

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

544

14,966

Freshpet,

Inc.

(a)(b)

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

119

8,207

Lancaster

Colony

Corp.

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

52

10,874

34,047

Ground

Transportation

—

0.7%

(a)

Avis

Budget

Group,

Inc.

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

36

6,360

Lyft,

Inc.,

Class

A

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

754

7,728

Uber

Technologies,

Inc.

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

2,434

75,576

89,664

Health

Care

Providers

&

Services

—

0.1%

McKesson

Corp.

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

56

20,398

Hotel

&

Resort

REITs

—

0.1%

Host

Hotels

&

Resorts,

Inc.

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

563

9,104

Hotels,

Restaurants

&

Leisure

—

14.0%

Airbnb,

Inc.,

Class

A

(a)

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

535

64,023

Aramark

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

565

19,605

Bloomin'

Brands,

Inc.

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

367

9,091

Boyd

Gaming

Corp.

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

198

13,741

Brinker

International,

Inc.

(a)

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

248

9,900

Caesars

Entertainment,

Inc.

(a)

..........

521

23,596

Carnival

Corp.

(a)

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

727

6,696

Cheesecake

Factory,

Inc.

(The)

.........

211

7,109

Chipotle

Mexican

Grill,

Inc.

(a)

...........

141

291,534

Choice

Hotels

International,

Inc.

.........

112

14,282

Churchill

Downs,

Inc.

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

74

21,647

Cracker

Barrel

Old

Country

Store,

Inc.

.....

119

12,633

Darden

Restaurants,

Inc.

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

559

84,929

Dave

&

Buster's

Entertainment,

Inc.

(a)

.....

218

7,730

Domino's

Pizza,

Inc.

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

164

52,065

DoorDash,

Inc.,

Class

A

(a)

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

924

56,540

DraftKings,

Inc.,

Class

A

(a)

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

883

19,347

Expedia

Group,

Inc.

(a)

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

254

23,866

Hilton

Grand

Vacations,

Inc.

(a)

..........

182

7,790

Hilton

Worldwide

Holdings,

Inc.

.........

811

116,800

Hyatt

Hotels

Corp.,

Class

A

(a)

...........

100

11,430

Jack

in

the

Box,

Inc.

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

35

3,244

Marriott

International,

Inc.,

Class

A

.......

985

166,800

Marriott

Vacations

Worldwide

Corp.

.......

81

10,899

McDonald's

Corp.

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

698

206,433

MGM

Resorts

International

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

571

25,649

Norwegian

Cruise

Line

Holdings

Ltd.

(a)

.....

816

10,894

Papa

John's

International,

Inc.

..........

228

17,052

Penn

Entertainment,

Inc.

(a)(b)

...........

297

8,848

Planet

Fitness,

Inc.,

Class

A

(a)

..........

470

39,076

Royal

Caribbean

Cruises

Ltd.

(a)

.........

313

20,480

Shake

Shack,

Inc.,

Class

A

(a)

...........

48

2,631

Starbucks

Corp.

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

2,323

265,496

Texas

Roadhouse,

Inc.

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

331

36,615

Travel

+

Leisure

Co.

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

214

8,190

Vail

Resorts,

Inc.

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

111

26,698

Wendy's

Co.

(The)

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

638

14,100

Wingstop,

Inc.

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

159

31,817

Wyndham

Hotels

&

Resorts,

Inc.

........

275

18,760

Schedule

of

Investments

(unaudited)

(continued)

April

30,

2023

iShares

®

U.S.

Consumer

Focused

ETF

2

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Hotels,

Restaurants

&

Leisure

(continued)

Wynn

Resorts

Ltd.

(a)

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

27

$

3,086

Yum!

Brands,

Inc.

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

742

104,310

1,895,432

Household

Durables

—

0.3%

DR

Horton,

Inc.

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

139

15,265

Tempur

Sealy

International,

Inc.

.........

412

15,438

Toll

Brothers,

Inc.

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

165

10,545

41,248

Household

Products

—

0.8%

Clorox

Co.

(The)

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

60

9,937

Colgate-Palmolive

Co.

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

297

23,701

Procter

&

Gamble

Co.

(The)

...........

457

71,466

105,104

Interactive

Media

&

Services

—

0.1%

(a)

Match

Group,

Inc.

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

164

6,052

Snap,

Inc.,

Class

A,

NVS

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

679

5,914

11,966

IT

Services

—

0.2%

Accenture

plc,

Class

A

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

44

12,333

GoDaddy,

Inc.,

Class

A

(a)

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

163

12,336

24,669

Leisure

Products

—

0.1%

(a)

Mattel,

Inc.

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

86

1,548

Peloton

Interactive,

Inc.,

Class

A

........

527

4,680

YETI

Holdings,

Inc.

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

225

8,876

15,104

Machinery

—

0.1%

Parker-Hannifin

Corp.

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

60

19,493

Media

—

0.1%

Interpublic

Group

of

Cos.,

Inc.

(The)

......

384

13,720

Personal

Care

Products

—

0.2%

Coty,

Inc.,

Class

A

(a)(b)

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

1,220

14,481

elf

Beauty,

Inc.

(a)

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

116

10,760

Inter

Parfums,

Inc.

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

11

1,670

26,911

Real

Estate

Management

&

Development

—

0.1%

Zillow

Group,

Inc.,

Class

C,

NVS

(a)

.......

286

12,452

Residential

REITs

—

0.1%

Invitation

Homes,

Inc.

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

466

15,550

Specialty

Retail

—

33.4%

Academy

Sports

&

Outdoors,

Inc.

........

509

32,332

Advance

Auto

Parts,

Inc.

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

326

40,923

American

Eagle

Outfitters,

Inc.

..........

848

11,355

Asbury

Automotive

Group,

Inc.

(a)

.........

49

9,479

AutoNation,

Inc.

(a)

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

101

13,302

AutoZone,

Inc.

(a)

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

95

253,014

Bath

&

Body

Works,

Inc.

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

1,078

37,838

Best

Buy

Co.,

Inc.

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

552

41,135

Boot

Barn

Holdings,

Inc.

(a)(b)

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

157

11,378

Burlington

Stores,

Inc.

(a)

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

449

86,572

CarMax,

Inc.

(a)(b)

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

630

44,119

Dick's

Sporting

Goods,

Inc.

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

385

55,829

Five

Below,

Inc.

(a)

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

360

71,050

Floor

&

Decor

Holdings,

Inc.,

Class

A

(a)(b)

...

570

56,624

Foot

Locker,

Inc.

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

386

16,208

GameStop

Corp.,

Class

A

(a)(b)

...........

842

16,242

Gap,

Inc.

(The)

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

1,355

13,008

Home

Depot,

Inc.

(The)

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

5,439

1,634,637

Security

Shares

Shares

Value

Specialty

Retail

(continued)

Leslie's,

Inc.

(a)(b)

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

621

$

6,738

Lithia

Motors,

Inc.

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

79

17,450

Lowe's

Cos.,

Inc.

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

2,793

580,469

Murphy

USA,

Inc.

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

72

19,817

O'Reilly

Automotive,

Inc.

(a)

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

305

279,779

RH

(a)

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

112

28,575

Ross

Stores,

Inc.

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

2,245

239,609

Sally

Beauty

Holdings,

Inc.

(a)

...........

215

3,059

Signet

Jewelers

Ltd.

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

205

15,084

TJX

Cos.,

Inc.

(The)

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

5,831

459,599

Tractor

Supply

Co.

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

631

150,430

Ulta

Beauty,

Inc.

(a)

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

346

190,795

Urban

Outfitters,

Inc.

(a)

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

347

9,390

Valvoline,

Inc.

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

323

11,160

Victoria's

Secret

&

Co.

(a)

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

307

9,520

Wayfair,

Inc.,

Class

A

(a)

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

334

11,633

Williams-Sonoma,

Inc.

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

407

49,263

4,527,415

Technology

Hardware,

Storage

&

Peripherals

—

0.4%

Apple,

Inc.

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

327

55,485

Textiles,

Apparel

&

Luxury

Goods

—

5.7%

Capri

Holdings

Ltd.

(a)

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

601

24,942

Carter's,

Inc.

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

222

15,489

Columbia

Sportswear

Co.

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

98

8,187

Crocs,

Inc.

(a)(b)

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

215

26,589

Deckers

Outdoor

Corp.

(a)

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

99

47,455

Kontoor

Brands,

Inc.

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

263

11,880

Lululemon

Athletica,

Inc.

(a)

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

613

232,897

NIKE,

Inc.,

Class

B

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

2,343

296,905

Oxford

Industries,

Inc.

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

79

8,152

PVH

Corp.

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

29

2,488

Ralph

Lauren

Corp.,

Class

A

...........

112

12,856

Skechers

USA,

Inc.,

Class

A

(a)

..........

326

17,340

Steven

Madden

Ltd.

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

353

12,369

Tapestry,

Inc.

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

804

32,811

VF

Corp.

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

880

20,689

771,049

Trading

Companies

&

Distributors

—

1.3%

Fastenal

Co.

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

925

49,802

Ferguson

plc

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

402

56,610

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

....

90

8,166

SiteOne

Landscape

Supply,

Inc.

(a)(b)

.......

101

14,922

WW

Grainger,

Inc.

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

66

45,907

175,407

Total

Long-Term

Investments

—

99.4%

(Cost:

$13,419,281)

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

13,488,380

Schedule

of

Investments

(unaudited)

(continued)

April

30,

2023

iShares

®

U.S.

Consumer

Focused

ETF

3

(Percentages

shown

are

based

on

Net

Assets)

Affiliates

Investments

in

issuers

considered

to

be

affiliate(s)

of

the

Fund

during

the period

ended

April

30,

2023

for

purposes

of

Section

2(a)(3)

of

the

Investment

Company

Act

of

1940,

as

amended,

were

as

follows:

Security

Shares

Shares

Value

Short-Term

Securities

Money

Market

Funds

—

2.1%

(c)(d)

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares,

5.02%

(e)

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

205,352

$

205,413

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares,

4.75%

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

71,599

71,599

Total

Short-Term

Securities

—

2.1%

(Cost:

$276,968)

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

277,012

Total

Investments

—

101.5%

(Cost:

$13,696,249

)

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

13,765,392

Liabilities

in

Excess

of

Other

Assets

—

(1.5)%

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

(200,395)

Net

Assets

—

100.0%

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

$

13,564,997

(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

the

cash

collateral

from

loaned

securities.

Affiliated

Issuer

Value

at

07/31/22

Purchases

at

Cost

Proceeds

from

Sale

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

04/30/23

Shares

Held

at

04/30/23

Income

Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

$

298,302

$

—

$

(93,859)

(a)

$

973

$

(3)

$

205,413

205,352

$

3,984

(b)

$

—

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

........

60,000

11,599

(a)

—

—

—

71,599

71,599

2,480

—

$

973

$

(3)

$

277,012

$

6,464

$

—

—

—

(a)

Represents

net

amount

purchased

(sold).

(b)

All

or

a

portion

represents

securities

lending

income

earned

from

the

reinvestment

of

cash

collateral

from

loaned

securities,

net

of

fees

and

collateral

investment

expenses,

and

other

payments

to

and

from

borrowers

of

securities.

Schedule

of

Investments

(unaudited)

(continued)

April

30,

2023

iShares

®

U.S.

Consumer

Focused

ETF

4

Fair

Value

Hierarchy

as

of

Period

End

Various

inputs

are

used

in

determining

the

fair

value

of

financial

instruments.

These

inputs

to

valuation

techniques

are

categorized

into

a

fair

value

hierarchy

consisting

of

three

broad

levels

for

financial

reporting

purposes

as

follows:

Level

1

—

Unadjusted

price

quotations

in

active

markets/exchanges

for

identical

assets

or

liabilities

that

the

Fund

has

the

ability

to

access;

Level

2

—

Other

observable

inputs

(including,

but

not

limited

to,

quoted

prices

for

similar

assets

or

liabilities

in

markets

that

are

active,

quoted

prices

for

identical

or

similar

assets

or

liabilities

in

markets

that

are

not

active,

inputs

other

than

quoted

prices

that

are

observable

for

the

assets

or

liabilities

(such

as

interest

rates,

yield

curves,

volatilities,

prepayment

speeds,

loss

severities,

credit

risks

and

default

rates)

or

other

market-corroborated

inputs);

and

Level

3

—

Unobservable

inputs

based

on

the

best

information

available

in

the

circumstances,

to

the

extent

observable

inputs

are

not

available

(including

the

Valuation

Committee's

assumptions

used

in

determining

the

fair

value

of

financial

instruments).

The

hierarchy

gives

the

highest

priority

to

unadjusted

quoted

prices

in

active

markets

for

identical

assets

or

liabilities

(Level

1

measurements)

and

the

lowest

priority

to

unobservable

inputs

(Level

3

measurements).

Accordingly,

the

degree

of

judgment

exercised

in

determining

fair

value

is

greatest

for

instruments

categorized

in

Level

3.

The

inputs

used

to

measure

fair

value

may

fall

into

different

levels

of

the

fair

value

hierarchy.

In

such

cases,

for

disclosure

purposes,

the

fair

value

hierarchy

classification

is

determined

based

on

the

lowest

level

input

that

is

significant

to

the

fair

value

measurement

in

its

entirety.

Investments

classified

within

Level

3

have

significant

unobservable

inputs

used

by

the

Valuation

Committee

in

determining

the

price

for

Fair

Valued

Investments.

Level

3

investments

include

equity

or

debt

issued

by

privately

held

companies

or

funds.

There

may

not

be

a

secondary

market,

and/

or

there

are

a

limited

number

of

investors.

The

categorization

of

a

value

determined

for

financial

instruments

is

based

on

the

pricing

transparency

of

the

financial

instruments

and

is

not

necessarily

an

indication

of

the

risks

associated

with

investing

in

those

securities.

For

information

about

the

Fund’s

policy

regarding

valuation

of

financial

instruments,

refer

to

its

most

recent

financial

statements.

The

following

table

summarizes

the

Fund’s

financial

instruments

categorized

in

the

fair

value

hierarchy.

The

breakdown

of

the

Fund's

financial

instruments

into

major

categories

is

disclosed

in

the

Schedule

of

Investments

above.

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Common

Stocks

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

$

13,488,380

$

—

$

—

$

13,488,380

Short-Term

Securities

Money

Market

Funds

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

277,012

—

—

277,012

$

13,765,392

$

—

$

—

$

13,765,392

Portfolio

Abbreviation

NVS

Non-Voting

Shares