10/03/2024 | Press release | Distributed by Public on 10/03/2024 11:27
iShares U.S. Consumer Focused ETF
IEDI | Cboe BZX
Annual Shareholder Report - July 31, 2024
This annual shareholder report contains important information about iShares U.S. Consumer Focused ETF (the "Fund") for the period of August 1, 2023 to July 31, 2024.You can find additional information about the Fund at blackrock.com/fundreports. You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).
(based on a hypothetical $10,000 investment)
Fund name
|
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
iShares U.S. Consumer Focused ETF
|
$20
|
0.18%
|
The consumer discretionary sector was driven by inflation expectations during the reporting period, beginning with persistent inflation, rapid rate hikes, and the potential for a U.S. recession then rallying on dovish remarks from the U.S. Federal Reserve Bank at the end of 2023.
However, the performance of consumer discretionary stocks lagged that of the broader market as inflation proved to be stickier than expected, and consumer confidence failed to recover in line with investor confidence.
Investors' persistent enthusiasm for artificial intelligence ("AI") was the primary driver of market returns. While the enthusiasm may have contributed to broad stock price increases, the largest increases were reserved for big technology companies that were best positioned to harness the new technology, leaving less exposed and smaller-capitalized companies to underperform.
Within consumer discretionary stocks, a preference for experiences over goods led select fast-casual food chains to deliver strong performance. The influence of generative AI helped companies with a greater claim to benefit from the technology regardless of their main business. A large technology company with services ranging from e-commerce to cloud computing particularly gained due to its position as a leader in the AI space.
An athletic gear company was the largest detractor from the Fund's return during the reporting period. The company's stock price has been challenged as investors preferred to spend their discretionary dollars on experiences over physical goods. Following similar trends, a budget retailer was the second largest detractor.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Initial investment of $10,000
Fund
|
S&P Total Market Index
|
|
Mar 18
|
9,884
|
9,736
|
Apr 18
|
10,112
|
9,770
|
May 18
|
10,216
|
10,046
|
Jun 18
|
10,538
|
10,113
|
Jul 18
|
10,796
|
10,451
|
Aug 18
|
11,415
|
10,814
|
Sep 18
|
11,506
|
10,832
|
Oct 18
|
10,743
|
10,029
|
Nov 18
|
10,864
|
10,230
|
Dec 18
|
9,978
|
9,276
|
Jan 19
|
10,747
|
10,075
|
Feb 19
|
11,043
|
10,429
|
Mar 19
|
11,391
|
10,579
|
Apr 19
|
11,848
|
11,000
|
May 19
|
11,024
|
10,290
|
Jun 19
|
11,845
|
11,011
|
Jul 19
|
12,062
|
11,173
|
Aug 19
|
12,058
|
10,947
|
Sep 19
|
12,285
|
11,136
|
Oct 19
|
12,350
|
11,373
|
Nov 19
|
12,617
|
11,803
|
Dec 19
|
12,936
|
12,143
|
Jan 20
|
12,849
|
12,128
|
Feb 20
|
11,890
|
11,135
|
Mar 20
|
10,356
|
9,597
|
Apr 20
|
11,984
|
10,870
|
May 20
|
12,810
|
11,453
|
Jun 20
|
13,198
|
11,717
|
Jul 20
|
14,247
|
12,379
|
Aug 20
|
15,637
|
13,269
|
Sep 20
|
15,261
|
12,781
|
Oct 20
|
14,873
|
12,508
|
Nov 20
|
16,399
|
14,037
|
Dec 20
|
16,779
|
14,667
|
Jan 21
|
16,494
|
14,620
|
Feb 21
|
16,637
|
15,088
|
Mar 21
|
17,446
|
15,613
|
Apr 21
|
18,493
|
16,415
|
May 21
|
18,128
|
16,489
|
Jun 21
|
18,709
|
16,907
|
Jul 21
|
18,994
|
17,198
|
Aug 21
|
19,367
|
17,690
|
Sep 21
|
18,514
|
16,887
|
Oct 21
|
19,578
|
18,021
|
Nov 21
|
19,817
|
17,756
|
Dec 21
|
20,371
|
18,430
|
Jan 22
|
18,694
|
17,324
|
Feb 22
|
18,130
|
16,888
|
Mar 22
|
18,525
|
17,435
|
Apr 22
|
17,164
|
15,863
|
May 22
|
16,151
|
15,831
|
Jun 22
|
14,757
|
14,500
|
Jul 22
|
16,592
|
15,860
|
Aug 22
|
16,121
|
15,261
|
Sep 22
|
14,825
|
13,838
|
Oct 22
|
15,824
|
14,968
|
Nov 22
|
16,809
|
15,758
|
Dec 22
|
15,659
|
14,831
|
Jan 23
|
16,909
|
15,865
|
Feb 23
|
16,177
|
15,498
|
Mar 23
|
16,489
|
15,905
|
Apr 23
|
16,903
|
16,065
|
May 23
|
16,391
|
16,135
|
Jun 23
|
17,647
|
17,240
|
Jul 23
|
18,242
|
17,861
|
Aug 23
|
17,873
|
17,511
|
Sep 23
|
16,867
|
16,672
|
Oct 23
|
16,691
|
16,224
|
Nov 23
|
18,148
|
17,747
|
Dec 23
|
19,458
|
18,697
|
Jan 24
|
19,625
|
18,904
|
Feb 24
|
21,358
|
19,933
|
Mar 24
|
21,916
|
20,577
|
Apr 24
|
20,534
|
19,669
|
May 24
|
21,062
|
20,603
|
Jun 24
|
21,498
|
21,244
|
Jul 24
|
21,629
|
21,635
|
See "Average annual total returns" for additional information on fund performance.
Average Annual Total Returns
|
1 Year
|
5 Years
|
Since Fund Inception
|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
18.57%
|
12.39%
|
12.89%
|
Fund Market........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
18.77
|
12.38
|
12.88
|
S&P Total Market Index........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
21.10
|
14.13
|
12.90
|
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
$21,997,586
|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
203
|
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
$36,584
|
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
15%
|
The inception date of the Fund was March 21, 2018. The first day of secondary market trading was March 23, 2018.
Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit iShares.comfor more recent performance information.
(as of July 31, 2024)
Industry
|
Percent of TotaI InvestmentsFootnote Reference(a)
|
Specialty Retail........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
34.7%
|
Consumer Staples Distribution & Retail........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
22.8
|
Hotels, Restaurants & Leisure........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
16.9
|
Broadline Retail........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
9.2
|
Textiles, Apparel & Luxury Goods........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
3.3
|
Financial Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
2.1
|
Commercial Services & Supplies........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
1.3
|
Trading Companies & Distributors........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
1.2
|
Ground Transportation........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
1.0
|
Interactive Media & Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
0.9
|
OtherFootnote Reference(b)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
6.6
|
Security
|
Percent of Total InvestmentsFootnote Reference(a)
|
Home Depot, Inc. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
12.2%
|
Costco Wholesale Corp.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
8.5
|
Amazon.com, Inc.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
8.3
|
Walmart, Inc.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
7.0
|
Lowe's Cos., Inc.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
4.2
|
TJX Cos., Inc. (The)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
4.2
|
Chipotle Mexican Grill, Inc.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
3.4
|
O'Reilly Automotive, Inc.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
2.5
|
Target Corp.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
2.2
|
Ross Stores, Inc.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
2.1
|
Footnote | Description |
Footnote(a)
|
Excludes money market funds. |
Footnote(b)
|
Ten largest industries are presented. Additional industries are found in Other. |
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by S&P Dow Jones Indices LLC and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
© 2024 BlackRock, Inc or its affiliates. All Rights Reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
iShares U.S. Consumer Focused ETF
Annual Shareholder Report - July 31, 2024
IEDI-07/24-AR
iShares U.S. Tech Independence Focused ETF
IETC | Cboe BZX
Annual Shareholder Report - July 31, 2024
This annual shareholder report contains important information about iShares U.S. Tech Independence Focused ETF (the "Fund") for the period of August 1, 2023 to July 31, 2024.You can find additional information about the Fund at blackrock.com/fundreports. You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).
(based on a hypothetical $10,000 investment)
Fund name
|
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
iShares U.S. Tech Independence Focused ETF
|
$21
|
0.18%
|
Generative artificial intelligence ("AI") was a significant driver of market returns during the reporting period, particularly among firms providing the hardware or software that empowers AI delivery and utilization. These firms have been led by large technology companies, Mega-cap companies accounted for a vast majority of the sector's gains relative to mid- and smaller-capitalized companies.
Technology firms continued to receive fiscal support from legislation passed in 2022, empowering the United States to capitalize on the emergence of new technologies and deliver self-sufficiency in innovation and production.
The U.S. Federal Reserve Bank ("Fed") kept interest rates steady throughout the reporting period. A global risk-on rally started when Chairman Powell signaled rates had peaked at the end of 2023, fueling hopes for a soft landing (an economic outcome in which inflation slows to the Fed's 2% target while growth remains positive).
The two largest individual contributors to the Fund's return during the reporting period were U.S. companies offering semiconductor and infrastructure software solutions. Both companies benefited from the ongoing AI trend as developers of the chips and software used in emerging technology development.
Two of the largest individual detractors from the Fund's return during the reporting period were data storage and management solution providers. Like their peers supplying the tools to harness AI, their stocks traded at high multiples, but weakened earnings guidance provided by the firms during the period caused stock prices to fall.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Initial investment of $10,000
Fund
|
S&P Total Market Index
|
|
Mar 18
|
9,598
|
9,736
|
Apr 18
|
9,699
|
9,770
|
May 18
|
10,321
|
10,046
|
Jun 18
|
10,351
|
10,113
|
Jul 18
|
10,600
|
10,451
|
Aug 18
|
11,418
|
10,814
|
Sep 18
|
11,379
|
10,832
|
Oct 18
|
10,277
|
10,029
|
Nov 18
|
10,237
|
10,230
|
Dec 18
|
9,396
|
9,276
|
Jan 19
|
10,283
|
10,075
|
Feb 19
|
10,762
|
10,429
|
Mar 19
|
11,222
|
10,579
|
Apr 19
|
11,951
|
11,000
|
May 19
|
11,042
|
10,290
|
Jun 19
|
11,828
|
11,011
|
Jul 19
|
12,219
|
11,173
|
Aug 19
|
11,942
|
10,947
|
Sep 19
|
11,959
|
11,136
|
Oct 19
|
12,331
|
11,373
|
Nov 19
|
12,949
|
11,803
|
Dec 19
|
13,378
|
12,143
|
Jan 20
|
13,985
|
12,128
|
Feb 20
|
13,079
|
11,135
|
Mar 20
|
11,949
|
9,597
|
Apr 20
|
13,796
|
10,870
|
May 20
|
14,782
|
11,453
|
Jun 20
|
15,717
|
11,717
|
Jul 20
|
16,759
|
12,379
|
Aug 20
|
18,509
|
13,269
|
Sep 20
|
17,484
|
12,781
|
Oct 20
|
16,977
|
12,508
|
Nov 20
|
18,758
|
14,037
|
Dec 20
|
19,606
|
14,667
|
Jan 21
|
19,503
|
14,620
|
Feb 21
|
19,849
|
15,088
|
Mar 21
|
20,044
|
15,613
|
Apr 21
|
21,498
|
16,415
|
May 21
|
21,234
|
16,489
|
Jun 21
|
22,729
|
16,907
|
Jul 21
|
23,503
|
17,198
|
Aug 21
|
24,541
|
17,690
|
Sep 21
|
23,063
|
16,887
|
Oct 21
|
24,802
|
18,021
|
Nov 21
|
25,042
|
17,756
|
Dec 21
|
25,444
|
18,430
|
Jan 22
|
23,406
|
17,324
|
Feb 22
|
22,268
|
16,888
|
Mar 22
|
22,963
|
17,435
|
Apr 22
|
19,863
|
15,863
|
May 22
|
19,365
|
15,831
|
Jun 22
|
17,673
|
14,500
|
Jul 22
|
19,739
|
15,860
|
Aug 22
|
18,686
|
15,261
|
Sep 22
|
16,522
|
13,838
|
Oct 22
|
17,194
|
14,968
|
Nov 22
|
18,198
|
15,758
|
Dec 22
|
17,122
|
14,831
|
Jan 23
|
18,523
|
15,865
|
Feb 23
|
18,302
|
15,498
|
Mar 23
|
19,831
|
15,905
|
Apr 23
|
19,806
|
16,065
|
May 23
|
21,876
|
16,135
|
Jun 23
|
23,214
|
17,240
|
Jul 23
|
23,964
|
17,861
|
Aug 23
|
24,019
|
17,511
|
Sep 23
|
22,509
|
16,672
|
Oct 23
|
22,314
|
16,224
|
Nov 23
|
25,093
|
17,747
|
Dec 23
|
26,411
|
18,697
|
Jan 24
|
27,471
|
18,904
|
Feb 24
|
29,432
|
19,933
|
Mar 24
|
30,041
|
20,577
|
Apr 24
|
28,216
|
19,669
|
May 24
|
29,293
|
20,603
|
Jun 24
|
31,901
|
21,244
|
Jul 24
|
31,686
|
21,635
|
See "Average annual total returns" for additional information on fund performance.
Average Annual Total Returns
|
1 Year
|
5 Years
|
Since Fund Inception
|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
32.22%
|
20.99%
|
19.87%
|
Fund Market........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
32.51
|
20.97
|
19.88
|
S&P Total Market Index........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
21.10
|
14.13
|
12.90
|
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
$276,246,175
|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
126
|
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
$364,005
|
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
31%
|
The inception date of the Fund was March 21, 2018. The first day of secondary market trading was March 23, 2018.
Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit iShares.comfor more recent performance information.
(as of July 31, 2024)
Industry
|
Percent of TotaI InvestmentsFootnote Reference(a)
|
Software........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
29.6%
|
Semiconductors & Semiconductor Equipment........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
20.2
|
IT Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
9.9
|
Broadline Retail........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
9.5
|
Interactive Media & Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
6.3
|
Communications Equipment........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
4.9
|
Capital Markets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
4.1
|
Technology Hardware, Storage & Peripherals........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
3.8
|
Financial Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
2.5
|
Professional Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
2.3
|
OtherFootnote Reference(b)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
6.9
|
Security
|
Percent of Total InvestmentsFootnote Reference(a)
|
Amazon.com, Inc.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
9.4%
|
Broadcom, Inc.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
9.3
|
Microsoft Corp.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
9.2
|
NVIDIA Corp.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
6.1
|
Salesforce, Inc.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
5.3
|
Accenture plc, Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
5.2
|
Oracle Corp.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
3.7
|
Apple, Inc.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
2.5
|
Alphabet, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
2.4
|
Cisco Systems, Inc.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
|
2.3
|
Footnote | Description |
Footnote(a)
|
Excludes money market funds. |
Footnote(b)
|
Ten largest industries are presented. Additional industries are found in Other. |
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by S&P Dow Jones Indices LLC and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
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iShares U.S. Tech Independence Focused ETF
Annual Shareholder Report - July 31, 2024
IETC-07/24-AR