Schedule of Investments  (unaudited)  July 31, 2019 iShares^® Europe Developed Real Estate ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Austria — 1.0%
CA Immobilien Anlagen AG		6,800	$	240,762
Belgium — 5.7%
Aedifica SA		2,447		258,554
Ascencio		503		31,586
Befimmo SA		2,135		121,470
Cofinimmo SA		2,237		297,386
Intervest Offices & Warehouses NV		2,137		61,625
Leasinvest Real Estate SCA		240		28,191
Montea CVA		1,175		100,081
Retail Estates NV		850		76,752
Shurgard Self Storage SA		2,483		86,946
Warehouses De Pauw CVA		1,748		293,880
Wereldhave Belgium Comm VA		218		19,515
Xior Student Housing NV		1,076		54,630
				1,430,616
Finland — 0.8%
Citycon OYJ		7,601		77,986
Kojamo OYJ		8,556		121,174
				199,160
France — 16.1%
Carmila SA		3,100		51,635
Covivio		4,347		446,969
Gecina SA		5,169		797,666
ICADE		3,139		274,355
Klepierre SA		18,855		584,449
Mercialys SA		6,023		68,535
Unibail-Rodamco-Westfield		13,323		1,794,893
				4,018,502
Germany — 26.6%
ADO Properties SA(a)		2,875		124,648
alstria office REIT AG		15,712		255,409
Aroundtown SA		71,712		577,433
Deutsche EuroShop AG		5,037		137,064
Deutsche Wohnen SE		35,325		1,306,571
DIC Asset AG		4,449		50,625
Grand City Properties SA		10,869		247,355
Hamborner REIT AG		6,924		69,221
LEG Immobilien AG		6,252		728,814
Sirius Real Estate Ltd.		92,994		75,835
TAG Immobilien AG		12,507		297,444
TLG Immobilien AG		8,510		251,562
Vonovia SE		51,287		2,527,376
				6,649,357
Ireland — 1.3%
Green REIT PLC		68,369		136,411
Hibernia REIT PLC		68,435		115,055
Irish Residential Properties REIT PLC		36,059		68,733
				320,199
Italy — 0.1%
Immobiliare Grande Distribuzione SIIQ SpA(b)		4,820		31,233
Netherlands — 1.3%
Eurocommercial Properties NV		4,800		121,744
NSI NV		1,750		75,015
Vastned Retail NV		1,753		51,625

Security	Shares		Value
Netherlands (continued)
Wereldhave NV		3,981	$	85,369
				333,753
Norway — 0.8%
Entra ASA(a)		13,940		204,123
Spain — 3.5%
Inmobiliaria Colonial Socimi SA		32,157		361,616
Lar Espana Real Estate Socimi SA		6,583		51,087
Merlin Properties Socimi SA		32,741		450,205
				862,908
Sweden — 10.8%
Castellum AB		26,641		545,697
Catena AB		2,028		63,949
Dios Fastigheter AB		8,348		72,227
Fabege AB		26,096		406,817
Fastighets AB Balder, Class B(c)		9,612		332,853
Hembla AB(c)		3,548		66,868
Hemfosa Fastigheter AB		15,715		142,847
Hufvudstaden AB, Class A		10,859		192,998
Klovern AB, Class B		49,860		82,900
Kungsleden AB		18,589		163,254
Nyfosa AB(c)		15,762		98,008
Pandox AB		7,397		136,171
Sagax AB, Class D		9,085		35,182
Wallenstam AB, Class B		16,174		170,454
Wihlborgs Fastigheter AB		13,102		192,846
				2,703,071
Switzerland — 6.3%
Allreal Holding AG, Registered		1,387		243,215
Hiag Immobilien Holding AG		272		35,168
Mobimo Holding AG, Registered		644		172,709
PSP Swiss Property AG, Registered		3,880		467,168
Swiss Prime Site AG, Registered		7,425		656,625
				1,574,885
United Kingdom — 25.3%
Assura PLC		233,888		185,004
Big Yellow Group PLC		15,130		183,221
BMO Real Estate Investments Ltd.		23,725		23,589
British Land Co. PLC (The)		93,632		582,411
Capital & Counties Properties PLC		72,573		176,036
Civitas Social Housing PLC		61,066		62,136
Custodian Reit PLC		36,292		51,281
Daejan Holdings PLC		504		34,312
Derwent London PLC		9,893		353,714
Empiric Student Property PLC		57,469		63,542
F&C Commercial Property Trust Ltd.		52,490		73,141
GCP Student Living PLC		40,641		81,512
Grainger PLC		59,177		164,772
Great Portland Estates PLC		26,731		216,612
Hammerson PLC		76,133		199,773
Hansteen Holdings PLC		40,795		43,757
Helical PLC		9,838		42,884
Impact Healthcare Reit PLC		13,910		18,906
Intu Properties PLC(b)		87,644		51,351
Land Securities Group PLC		70,412		686,452
LondonMetric Property PLC		63,811		158,611
LXI REIT PLC		43,284		69,111
NewRiver REIT PLC(b)		29,635		59,510
Phoenix Spree Deutschland Ltd.		8,388		30,863

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Schedule of Investments  (unaudited) (continued) July 31, 2019 iShares^® Europe Developed Real Estate ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
United Kingdom (continued)
Picton Property Income Ltd. (The)		53,880	$	60,827
Primary Health Properties PLC		110,295		177,727
RDI REIT PLC		25,661		32,992
Regional REIT Ltd.(a)		35,058		45,073
Safestore Holdings PLC		20,220		154,740
Schroder REIT Ltd.(b)		50,587		34,501
Segro PLC		107,854		1,009,217
Shaftesbury PLC		21,970		211,578
Standard Life Investment Property Income Trust Ltd.		40,159		43,124
Target Healthcare REIT Ltd.		37,741		51,480
Triple Point Social Housing Reit PLC(a)		31,455		30,350
Tritax Big Box REIT PLC		168,326		315,343
UK Commercial Property REIT Ltd.(b)		64,699		65,832
UNITE Group PLC (The)		28,370		358,493
Workspace Group PLC		13,098		135,440
				6,339,218
Total Common Stocks — 99.6% (Cost: $27,657,473)				24,907,787
Short-Term Investments
Money Market Funds — 0.8%
BlackRock Cash Funds: Institutional, SL Agency Shares,     2.45%(d)(e)(f)		195,566		195,664

Security	Shares		Value
Money Market Funds (continued)
BlackRock Cash Funds: Treasury, SL Agency Shares,     2.25%(d)(e)		9,000	$	9,000
				204,664
Total Short-Term Investments — 0.8% (Cost: $204,615)				204,664
Total Investments in Securities — 100.4% (Cost: $27,862,088)				25,112,451
Other Assets, Less Liabilities — (0.4)%				(90,263	)
Net Assets — 100.0%			$	25,022,188

^(a)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(b)  All or a portion of this security is on loan.

^(c)  Non-income producing security.

^(d)  Affiliate of the Fund.

^(e)  Annualized 7-day yield as of period-end.

^(f)  All or a portion of this security was purchased with cash collateral received from loaned securities.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended July 31, 2019, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Shares Held at 04/30/19		Net Activity			Shares Held at 07/31/19		Value at 07/31/19		Income			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		151,626		43,940			195,566	$	195,664	$	4,759	(a)	$	82	$	3
BlackRock Cash Funds: Treasury, SL Agency Shares		10,859		(1,859	)		9,000		9,000		111			—		—
								$	204,664	$	4,870		$	82	$	3

^(a)  Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of July 31, 2019. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Common Stocks	$	24,907,787	$	—	$	—	$	24,907,787
Money Market Funds		204,664		—		—		204,664
	$	25,112,451	$	—	$	—	$	25,112,451

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