NPORT-EX 2 iShares_US_CF_ETF.htm PART F
Schedule
of
Investments
(unaudited)
April
30,
2025
iShares
®
U.S.
Consumer
Focused
ETF
1
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Air
Freight
&
Logistics
—
0.2%
FedEx
Corp.
........................
132
$
27,764‌
United
Parcel
Service,
Inc.
,
Class
B
........
510
48,603‌
76,367‌
Beverages
—
0.3%
Brown-Forman
Corp.
,
Class
B,
NVS
........
426
14,842‌
Constellation
Brands,
Inc.
,
Class
A
.........
484
90,769‌
105,611‌
Broadline
Retail
—
8.7%
Amazon.com,
Inc.
(a)
...................
14,509
2,675,750‌
eBay,
Inc.
..........................
1,298
88,472‌
Kohl's
Corp.
(b)
.......................
1,296
8,683‌
Macy's,
Inc.
........................
2,031
23,194‌
Nordstrom,
Inc.
......................
1,165
28,123‌
Ollie's
Bargain
Outlet
Holdings,
Inc.
(a)
.......
846
89,769‌
2,913,991‌
Building
Products
—
0.1%
Masco
Corp.
........................
391
23,699‌
Capital
Markets
—
0.2%
CBOE
Global
Markets,
Inc.
..............
98
21,736‌
Robinhood
Markets,
Inc.
,
Class
A
(a)
.........
990
48,619‌
70,355‌
Commercial
Services
&
Supplies
—
1.5%
Cintas
Corp.
........................
975
206,388‌
Copart,
Inc.
(a)
(b)
......................
2,939
179,367‌
RB
Global,
Inc.
......................
327
32,929‌
Rollins,
Inc.
.........................
1,535
87,695‌
506,379‌
Consumer
Finance
—
0.1%
FirstCash
Holdings,
Inc.
................
223
29,873‌
Consumer
Staples
Distribution
&
Retail
—
24.7%
Albertsons
Cos.,
Inc.
,
Class
A
............
2,680
58,906‌
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
........
1,141
134,136‌
Casey's
General
Stores,
Inc.
.............
365
168,845‌
Costco
Wholesale
Corp.
................
3,233
3,215,218‌
Dollar
General
Corp.
..................
2,420
226,730‌
Dollar
Tree,
Inc.
(a)
.....................
2,342
191,505‌
Kroger
Co.
(The)
.....................
4,760
343,720‌
Performance
Food
Group
Co.
(a)
...........
797
64,286‌
Sprouts
Farmers
Market,
Inc.
(a)
............
932
159,372‌
Sysco
Corp.
........................
1,615
115,311‌
Target
Corp.
........................
4,327
418,421‌
US
Foods
Holding
Corp.
(a)
...............
1,367
89,757‌
Walgreens
Boots
Alliance,
Inc.
............
2,182
23,937‌
Walmart,
Inc.
........................
31,250
3,039,063‌
8,249,207‌
Distributors
—
0.3%
Genuine
Parts
Co.
....................
518
60,891‌
Pool
Corp.
.........................
146
42,798‌
103,689‌
Diversified
Consumer
Services
—
0.6%
Bright
Horizons
Family
Solutions,
Inc.
(a)
......
262
32,860‌
Duolingo,
Inc.
,
Class
A
(a)
................
121
47,127‌
H&R
Block,
Inc.
......................
749
45,217‌
Service
Corp.
International
..............
830
66,317‌
191,521‌
Security
Shares
Shares
Value
Entertainment
—
2.4%
Cinemark
Holdings,
Inc.
................
648
$
19,382‌
Electronic
Arts,
Inc.
...................
128
18,572‌
Live
Nation
Entertainment,
Inc.
(a)
..........
641
84,900‌
Madison
Square
Garden
Sports
Corp.
(a)
......
106
20,412‌
Netflix,
Inc.
(a)
........................
288
325,935‌
Take-Two
Interactive
Software,
Inc.
(a)
(b)
......
245
57,163‌
TKO
Group
Holdings,
Inc.
,
Class
A
.........
283
46,104‌
Walt
Disney
Co.
(The)
.................
2,669
242,746‌
815,214‌
Financial
Services
—
1.9%
Affirm
Holdings,
Inc.
,
Class
A
(a)
............
443
22,044‌
Block,
Inc.
,
Class
A
(a)
..................
1,845
107,877‌
Corpay,
Inc.
(a)
.......................
81
26,355‌
PayPal
Holdings,
Inc.
(a)
.................
1,640
107,978‌
Shift4
Payments,
Inc.
,
Class
A
(a)
...........
220
17,996‌
Toast,
Inc.
,
Class
A
(a)
..................
1,740
61,909‌
Visa,
Inc.
,
Class
A
....................
815
281,582‌
625,741‌
Food
Products
—
0.7%
Conagra
Brands,
Inc.
..................
784
19,373‌
Flowers
Foods,
Inc.
...................
1,069
18,804‌
Freshpet,
Inc.
(a)
......................
339
24,930‌
J
M
Smucker
Co.
(The)
.................
238
27,672‌
Lamb
Weston
Holdings,
Inc.
.............
236
12,463‌
Lancaster
Colony
Corp.
................
108
17,580‌
McCormick
&
Co.,
Inc.
(Non-Voting)
,
NVS
....
519
39,787‌
Tyson
Foods,
Inc.
,
Class
A
..............
963
58,974‌
219,583‌
Ground
Transportation
—
1.3%
Lyft,
Inc.
,
Class
A
(a)
....................
1,454
18,029‌
Uber
Technologies,
Inc.
(a)
...............
4,982
403,592‌
U-Haul
Holding
Co.
,
NVS
...............
380
20,824‌
442,445‌
Health
Care
Providers
&
Services
—
0.2%
Chemed
Corp.
.......................
62
36,053‌
Henry
Schein,
Inc.
(a)
...................
412
26,768‌
62,821‌
Hotel
&
Resort
REITs
—
0.2%
Host
Hotels
&
Resorts,
Inc.
..............
2,987
42,177‌
Ryman
Hospitality
Properties,
Inc.
.........
275
24,186‌
66,363‌
Hotels,
Restaurants
&
Leisure
—
16.4%
Airbnb,
Inc.
,
Class
A
(a)
..................
1,251
152,522‌
Aramark
...........................
1,369
45,766‌
Boyd
Gaming
Corp.
...................
524
36,229‌
Brinker
International,
Inc.
(a)
..............
373
50,094‌
Caesars
Entertainment,
Inc.
(a)
............
1,226
33,176‌
Carnival
Corp.
(a)
......................
2,600
47,684‌
Cava
Group,
Inc.
(a)
....................
795
73,482‌
Chipotle
Mexican
Grill,
Inc.
(a)
.............
16,601
838,683‌
Choice
Hotels
International,
Inc.
(b)
..........
238
30,014‌
Churchill
Downs,
Inc.
..................
505
45,657‌
Darden
Restaurants,
Inc.
...............
1,542
309,387‌
Domino's
Pizza,
Inc.
...................
377
184,870‌
DoorDash,
Inc.
,
Class
A
(a)
...............
1,402
270,432‌
DraftKings,
Inc.
,
Class
A
(a)
...............
3,364
111,988‌
Expedia
Group,
Inc.
...................
468
73,443‌
Hilton
Worldwide
Holdings,
Inc.
...........
1,829
412,403‌
Hyatt
Hotels
Corp.
,
Class
A
..............
277
31,212‌
Light
&
Wonder,
Inc.
,
Class
A
(a)
............
277
23,650‌
Marriott
International,
Inc.
,
Class
A
.........
1,597
381,012‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2025
iShares
®
U.S.
Consumer
Focused
ETF
2
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Hotels,
Restaurants
&
Leisure
(continued)
McDonald's
Corp.
....................
2,262
$
723,048‌
MGM
Resorts
International
(a)
.............
1,282
40,332‌
Norwegian
Cruise
Line
Holdings
Ltd.
(a)
.......
1,849
29,639‌
Papa
John's
International,
Inc.
............
392
13,536‌
Planet
Fitness,
Inc.
,
Class
A
(a)
............
1,043
98,657‌
Red
Rock
Resorts,
Inc.
,
Class
A
...........
446
19,044‌
Royal
Caribbean
Cruises
Ltd.
............
742
159,463‌
Shake
Shack,
Inc.
,
Class
A
(a)
.............
327
28,691‌
Six
Flags
Entertainment
Corp.
(b)
...........
508
17,480‌
Starbucks
Corp.
......................
6,540
523,527‌
Texas
Roadhouse,
Inc.
.................
793
131,606‌
Travel
+
Leisure
Co.
...................
405
17,792‌
Vail
Resorts,
Inc.
.....................
296
41,203‌
Wendy's
Co.
(The)
....................
1,573
19,663‌
Wingstop,
Inc.
.......................
416
109,778‌
Wyndham
Hotels
&
Resorts,
Inc.
..........
625
53,313‌
Yum!
Brands,
Inc.
....................
2,101
316,074‌
5,494,550‌
Household
Durables
—
0.3%
Somnigroup
International,
Inc.
............
875
53,427‌
Toll
Brothers,
Inc.
.....................
361
36,414‌
TopBuild
Corp.
(a)
.....................
64
18,929‌
108,770‌
Household
Products
—
0.4%
Clorox
Co.
(The)
.....................
140
19,922‌
Colgate-Palmolive
Co.
.................
507
46,740‌
Procter
&
Gamble
Co.
(The)
.............
498
80,960‌
147,622‌
Interactive
Media
&
Services
—
1.9%
Meta
Platforms,
Inc.
,
Class
A
.............
1,015
557,235‌
Pinterest,
Inc.
,
Class
A
(a)
................
1,781
45,095‌
Snap,
Inc.
,
Class
A,
NVS
(a)
(b)
.............
2,486
19,788‌
622,118‌
IT
Services
—
0.2%
(a)
Gartner,
Inc.
........................
40
16,843‌
GoDaddy,
Inc.
,
Class
A
.................
270
50,849‌
67,692‌
Leisure
Products
—
0.1%
Hasbro,
Inc.
........................
294
18,199‌
Media
—
0.2%
Interpublic
Group
of
Cos.,
Inc.
(The)
........
983
24,693‌
New
York
Times
Co.
(The)
,
Class
A
.........
306
15,930‌
Omnicom
Group,
Inc.
..................
406
30,921‌
71,544‌
Passenger
Airlines
—
0.3%
Alaska
Air
Group,
Inc.
(a)
.................
521
23,065‌
American
Airlines
Group,
Inc.
(a)
............
1,545
15,373‌
Southwest
Airlines
Co.
.................
1,220
34,111‌
United
Airlines
Holdings,
Inc.
(a)
............
321
22,091‌
94,640‌
Personal
Care
Products
—
0.1%
elf
Beauty,
Inc.
(a)
.....................
374
23,139‌
Professional
Services
—
0.0%
Robert
Half,
Inc.
.....................
295
13,069‌
Real
Estate
Management
&
Development
—
0.1%
Zillow
Group,
Inc.
,
Class
C,
NVS
(a)
.........
465
31,308‌
Security
Shares
Shares
Value
Software
—
0.2%
Gen
Digital,
Inc.
......................
741
$
19,170‌
Intuit,
Inc.
..........................
100
62,747‌
81,917‌
Specialized
REITs
—
0.0%
Lamar
Advertising
Co.
,
Class
A
...........
144
16,389‌
Specialty
Retail
—
32.6%
Abercrombie
&
Fitch
Co.
,
Class
A
(a)
.........
323
22,423‌
Academy
Sports
&
Outdoors,
Inc.
..........
819
30,860‌
Advance
Auto
Parts,
Inc.
................
576
18,847‌
American
Eagle
Outfitters,
Inc.
............
1,726
18,175‌
Asbury
Automotive
Group,
Inc.
(a)
...........
131
28,576‌
AutoNation,
Inc.
(a)
.....................
203
35,353‌
AutoZone,
Inc.
(a)
.....................
120
451,512‌
Bath
&
Body
Works,
Inc.
................
2,171
66,237‌
Best
Buy
Co.,
Inc.
....................
1,369
91,299‌
Boot
Barn
Holdings,
Inc.
(a)
...............
313
32,658‌
Burlington
Stores,
Inc.
(a)
................
914
205,687‌
CarMax,
Inc.
(a)
.......................
1,403
90,732‌
Carvana
Co.
,
Class
A
(a)
.................
658
160,782‌
Dick's
Sporting
Goods,
Inc.
..............
784
147,188‌
Five
Below,
Inc.
(a)
.....................
636
48,266‌
Floor
&
Decor
Holdings,
Inc.
,
Class
A
(a)
......
1,251
89,372‌
Foot
Locker,
Inc.
(a)
....................
909
11,153‌
GameStop
Corp.
,
Class
A
(a)
(b)
.............
1,962
54,661‌
Gap,
Inc.
(The)
......................
2,278
49,888‌
Home
Depot,
Inc.
(The)
................
10,556
3,805,333‌
Lithia
Motors,
Inc.
,
Class
A
..............
178
52,111‌
Lowe's
Cos.,
Inc.
.....................
5,554
1,241,652‌
Murphy
USA,
Inc.
....................
107
53,347‌
O'Reilly
Automotive,
Inc.
(a)
...............
601
850,535‌
RH
(a)
.............................
179
32,941‌
Ross
Stores,
Inc.
.....................
4,501
625,639‌
Signet
Jewelers
Ltd.
...................
375
22,238‌
TJX
Cos.,
Inc.
(The)
...................
13,349
1,717,749‌
Tractor
Supply
Co.
....................
5,595
283,219‌
Ulta
Beauty,
Inc.
(a)
....................
641
253,605‌
Urban
Outfitters,
Inc.
(a)
.................
726
38,318‌
Valvoline,
Inc.
(a)
(b)
.....................
881
30,183‌
Wayfair,
Inc.
,
Class
A
(a)
.................
895
26,993‌
Williams-Sonoma,
Inc.
.................
1,374
212,242‌
10,899,774‌
Textiles,
Apparel
&
Luxury
Goods
—
2.2%
Capri
Holdings
Ltd.
(a)
..................
973
14,634‌
Carter's,
Inc.
........................
340
11,237‌
Crocs,
Inc.
(a)
(b)
.......................
437
42,135‌
Deckers
Outdoor
Corp.
(a)
................
1,001
110,941‌
Kontoor
Brands,
Inc.
...................
438
26,346‌
NIKE,
Inc.
,
Class
B
...................
5,087
286,907‌
Ralph
Lauren
Corp.
,
Class
A
.............
192
43,190‌
Skechers
USA,
Inc.
,
Class
A
(a)
............
818
39,280‌
Steven
Madden
Ltd.
...................
723
15,183‌
Tapestry,
Inc.
........................
1,615
114,100‌
VF
Corp.
..........................
2,337
27,764‌
731,717‌
Trading
Companies
&
Distributors
—
0.9%
Fastenal
Co.
........................
1,323
107,123‌
Ferguson
Enterprises,
Inc.
...............
782
132,674‌
SiteOne
Landscape
Supply,
Inc.
(a)
..........
177
20,322‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2025
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,
2025
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Security
Shares
Shares
Value
Trading
Companies
&
Distributors
(continued)
WW
Grainger,
Inc.
....................
26
$
26,632‌
286,751‌
Total
Long-Term
Investments
—
99
.3
%
(Cost:
$
33,670,154
)
...............................
33,212,058‌
Short-Term
Securities
Money
Market
Funds
—
1.9%
(c)(d)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
4.46
%
(e)
...................
406,896
407,059‌
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
4.30
%
....................
211,413
211,413‌
Total
Short-Term
Securities
—
1
.9
%
(Cost:
$
618,425
)
.................................
618,472‌
Total
Investments
—
101
.2
%
(Cost:
$
34,288,579
)
...............................
33,830,530‌
Liabilities
in
Excess
of
Other
Assets
—
(
1.2
)
%
.............
(
397,155‌
)
Net
Assets
—
100.0%
...............................
$
33,433,375‌
(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
07/31/24
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
04/30/25
Shares
Held
at
04/30/25
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
..............
$
722,894
$
—
$
(
315,953
)
(a)
$
121
$
(
3
)
$
407,059
406,896
$
744
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
59,489
151,924
(a)
—
—
—
211,413
211,413
4,786
—
$
121
$
(
3
)
$
618,472
$
5,530
$
—
—
—
(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
collateral
investment
fees,
and
other
payments
to
and
from
borrowers
of
securities.
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2025
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
at
the
measurement
date.
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
that
the
Fund
has
the
ability
to
access
for
identical
assets
or
liabilities;
Level
2
—
Inputs
other
than
quoted
prices
included
within
Level
1
that
are
observable
for
the
asset
or
liability,
either
directly
or
indirectly;
and
Level
3
—
Inputs
that
are
unobservable
and
significant
to
the
entire
fair
value
measurement
for
the
asset
or
liability
(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,
that
may
not have
a
secondary
market,
and/
or
may
have
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
.........................................
$
33,212,058
$
—
$
—
$
33,212,058
Short-Term
Securities
Money
Market
Funds
......................................
618,472
—
—
618,472
$
33,830,530
$
—
$
—
$
33,830,530
Portfolio
Abbreviation
NVS
Non-Voting
Shares
REIT
Real
Estate
Investment
Trust