Schedule of Investments (unaudited) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Australia — 1.7%
Afterpay Ltd.(a)		2,850	$	193,517
AMP Ltd.		85,125		91,462
Ampol Ltd.		11,700		213,131
APA Group		6,000		44,200
Aristocrat Leisure Ltd.		7,500		150,791
ASX Ltd.		1,500		83,880
Australia & New Zealand Banking Group Ltd.		27,750		366,559
Brambles Ltd.		21,600		145,467
Cochlear Ltd.		450		67,052
Coles Group Ltd.		11,250		140,231
Commonwealth Bank of Australia		19,587		949,368
Computershare Ltd.		10,050		85,750
Crown Resorts Ltd.		11,250		65,415
CSL Ltd.		4,650		939,017
Dexus		19,425		117,451
Evolution Mining Ltd.		17,325		67,402
Fortescue Metals Group Ltd.		35,379		431,556
Goodman Group		21,000		271,349
GPT Group (The)		24,075		68,134
Insurance Australia Group Ltd.		39,225		131,393
James Hardie Industries PLC		6,150		149,345
Lendlease Corp. Ltd.		11,325		95,118
Macquarie Group Ltd.		4,725		420,573
Magellan Financial Group Ltd.		1,500		58,041
Medibank Pvt Ltd.		21,900		41,063
Mirvac Group		72,300		107,130
National Australia Bank Ltd.		24,600		321,322
Newcrest Mining Ltd.		8,625		177,104
Northern Star Resources Ltd.		10,050		104,806
QBE Insurance Group Ltd.		15,375		89,076
Ramsay Health Care Ltd.		1,125		49,258
Scentre Group		69,900		103,083
Seek Ltd.(a)(b)		10,125		152,942
Sonic Healthcare Ltd.		1,950		47,682
Stockland		46,350		125,315
Suncorp Group Ltd.		20,325		117,183
Sydney Airport		26,955		103,164
Tabcorp Holdings Ltd.		37,962		87,707
Telstra Corp. Ltd.		30,075		56,602
Transurban Group		35,475		335,320
Treasury Wine Estates Ltd.		17,175		110,601
Vicinity Centres		45,000		38,237
Westpac Banking Corp.		36,693		461,499
Woolworths Group Ltd.		11,475		307,505
				8,282,801
Austria — 0.1%
Erste Group Bank AG(a)		3,375		69,113
Raiffeisen Bank International AG(a)		3,811		54,780
Verbund AG		5,625		323,552
				447,445
Belgium — 0.2%
Anheuser-Busch InBev SA/NV		7,200		373,721
Elia Group SA/NV		900		87,119
Galapagos NV(a)		450		53,152
Groupe Bruxelles Lambert SA		1,361		111,419
UCB SA		825		81,397
Umicore SA		3,450		132,779
				839,587

Security	Shares		Value
Brazil — 0.4%
Ambev SA		67,501	$	142,588
B3 SA - Brasil, Bolsa, Balcao		30,000		265,609
Banco Bradesco SA		1,651		5,203
Banco do Brasil SA		15,000		77,523
BB Seguridade Participacoes SA		15,000		61,603
CCR SA		37,500		72,581
Cielo SA		30,036		17,555
Cogna Educacao		23,000		17,112
Localiza Rent a Car SA		15,750		165,749
Lojas Renner SA		15,050		97,749
Magazine Luiza SA		30,000		128,148
Natura & Co. Holding SA		15,000		119,927
Notre Dame Intermedica Participacoes SA		7,500		85,523
Suzano SA(a)		7,300		63,366
Ultrapar Participacoes SA		30,002		85,229
Vale SA		52,501		551,324
WEG SA		7,500		98,634
				2,055,423
Canada — 3.1%
Agnico Eagle Mines Ltd.		3,825		302,563
Algonquin Power & Utilities Corp.		3,900		59,084
Alimentation Couche-Tard Inc., Class B		12,150		373,881
B2Gold Corp.		18,525		119,068
Bank of Montreal		6,075		361,443
Bank of Nova Scotia (The)		14,025		582,206
Barrick Gold Corp.		16,575		442,796
Bausch Health Companies Inc.(a)		3,450		56,795
BCE Inc.		4,650		186,718
BlackBerry Ltd.(a)		15,675		70,301
Brookfield Asset Management Inc., Class A		14,291		424,330
CAE Inc.		3,075		52,513
Cameco Corp.		17,700		168,059
Canadian Imperial Bank of Commerce		5,025		374,534
Canadian National Railway Co.		6,600		655,124
Canadian Pacific Railway Ltd.		975		291,136
Canadian Tire Corp. Ltd., Class A, NVS		1,200		133,900
Canopy Growth Corp.(a)(c)		3,675		68,988
CCL Industries Inc., Class B, NVS		4,425		168,590
CGI Inc.(a)		2,025		125,553
Constellation Software Inc.		300		314,679
Cronos Group Inc.(a)(c)		75		398
Dollarama Inc.		3,750		129,036
Enbridge Inc.		22,659		623,851
Fairfax Financial Holdings Ltd.		450		118,205
First Quantum Minerals Ltd.		25,800		296,245
Franco-Nevada Corp.		3,075		418,787
George Weston Ltd.		3,300		231,236
Hydro One Ltd.(d)		16,500		360,232
Intact Financial Corp.		1,125		116,115
Inter Pipeline Ltd.		20,700		184,124
Keyera Corp.		10,050		142,532
Kinross Gold Corp.		11,100		88,244
Kirkland Lake Gold Ltd.		3,750		170,717
Loblaw Companies Ltd.		2,325		115,644
Lundin Mining Corp.		42,075		254,025
Manulife Financial Corp.		11,100		150,348
Metro Inc.		4,575		213,250
National Bank of Canada		1,575		75,528
Open Text Corp.		5,625		206,505
Pan American Silver Corp.		5,025		159,567

1

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Canada (continued)
Pembina Pipeline Corp.		20,925	$	437,693
Power Corp. of Canada		5,909		112,432
Restaurant Brands International Inc.		3,750		194,707
RioCan REIT		8,475		91,402
Rogers Communications Inc., Class B, NVS		4,200		170,476
Royal Bank of Canada		13,950		974,674
Shaw Communications Inc., Class B, NVS		10,125		166,681
Shopify Inc., Class A(a)		975		898,132
SmartCentres Real Estate Investment Trust		5,025		79,369
Sun Life Financial Inc.		4,425		175,925
TC Energy Corp.		7,050		277,273
TELUS Corp.		4,500		76,882
Thomson Reuters Corp.		4,200		326,273
Toronto-Dominion Bank (The)		16,606		732,066
Wheaton Precious Metals Corp.		7,575		347,347
WSP Global Inc.		2,250		142,204
Yamana Gold Inc.		15,375		85,445
				14,675,831
Chile — 0.0%
Aguas Andinas SA, Class A		281,550		73,066
Cencosud SA		55,350		76,872
Falabella SA		34,500		94,492
				244,430
China — 5.6%
360 Security Technology Inc., Class A		7,500		17,708
Agricultural Bank of China Ltd., Class H		600,000		202,712
Alibaba Group Holding Ltd., ADR(a)		17,775		5,415,865
Baidu Inc., ADR(a)(c)		2,625		349,256
Bank of China Ltd., Class H		1,050,000		331,728
Bank of Communications Co. Ltd., Class A		60,000		40,590
Bank of Communications Co. Ltd., Class H		225,000		110,544
Bank of Jiangsu Co. Ltd., Class A		30,095		27,011
Bank of Nanjing Co. Ltd., Class A		30,000		34,273
Bank of Ningbo Co. Ltd., Class A		7,500		38,059
China Cinda Asset Management Co. Ltd., Class H		300,000		56,094
China CITIC Bank Corp. Ltd., Class H		150,000		60,930
China Conch Venture Holdings Ltd.		37,500		166,589
China Construction Bank Corp., Class H		1,056,000		728,525
China Everbright Bank Co. Ltd., Class A		210,000		122,934
China Gas Holdings Ltd.		30,000		91,878
China Jushi Co. Ltd., Class A		60,000		124,995
China Life Insurance Co. Ltd., Class H		150,000		325,732
China Merchants Bank Co. Ltd., Class A		22,500		133,765
China Merchants Bank Co. Ltd., Class H		37,500		194,878
China Minsheng Banking Corp. Ltd., Class A		112,500		88,706
China Mobile Ltd.		75,000		456,005
China Molybdenum Co. Ltd., Class H		225,000		81,530
China National Nuclear Power Co. Ltd., Class A		368,198		243,587
China Northern Rare Earth Group High-Tech Co. Ltd., Class A(a)		15,000		22,557
China Oilfield Services Ltd., Class H		162,000		97,348
China Overseas Land & Investment Ltd.		37,500		93,812
China Pacific Insurance Group Co. Ltd., Class A		15,000		71,480
China Telecom Corp. Ltd., Class H		150,000		47,196
China Tower Corp. Ltd., Class H(d)		600,000		93,619
China Unicom Hong Kong Ltd.		150,000		92,071
China Vanke Co. Ltd., Class A		7,500		30,857
China Vanke Co. Ltd., Class H		23,200		71,800
China Yangtze Power Co. Ltd., Class A		75,000		212,358

Security	Shares		Value
China (continued)
Chongqing Rural Commercial Bank Co. Ltd., Class H		150,000	$	59,769
Country Garden Holdings Co. Ltd.		75,000		92,265
ENN Energy Holdings Ltd.		22,500		284,193
Foshan Haitian Flavouring & Food Co. Ltd., Class A		9,140		218,664
Fosun International Ltd.		75,000		90,331
Ganfeng Lithium Co. Ltd., Class A		15,000		136,240
Geely Automobile Holdings Ltd.		75,000		153,968
Great Wall Motor Co. Ltd., Class H		112,500		181,918
Gree Electric Appliances Inc. of Zhuhai, Class A		7,500		65,443
Guangzhou Baiyun International Airport Co. Ltd., Class A		7,500		14,056
Guotai Junan Securities Co. Ltd., Class A		15,000		41,217
Hangzhou Hikvision Digital Technology Co. Ltd., Class A		22,500		150,868
Hangzhou Robam Appliances Co. Ltd., Class A		7,500		40,915
Henan Shuanghui Investment & Development Co. Ltd., Class A		7,500		56,001
Huazhu Group Ltd., ADR		3,750		148,613
Hubei Jumpcan Pharmaceutical Co. Ltd., Class A		7,500		24,753
Hutchison China MediTech Ltd., ADR(a)(c)		3,600		105,984
Iflytek Co. Ltd., Class A		7,500		42,606
Industrial & Commercial Bank of China Ltd., Class H		675,000		379,504
Industrial Bank Co. Ltd., Class A		62,398		165,867
Inner Mongolia Yili Industrial Group Co. Ltd., Class A		15,000		88,998
iQIYI Inc., ADR(a)(c)		3,975		98,183
JD.com Inc., ADR(a)		8,625		703,110
Jiangsu Expressway Co. Ltd., Class H		150,000		149,906
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A		7,500		188,232
Jinduicheng Molybdenum Co. Ltd., Class A		22,500		19,052
JOYY Inc.		1,350		123,363
Li Ning Co. Ltd.		37,500		193,427
Meituan, Class B(a)		34,300		1,274,720
Muyuan Foods Co. Ltd., Class A		13,240		140,146
NetEase Inc., ADR		5,516		478,734
New Oriental Education & Technology Group Inc., ADR(a)		1,971		316,109
NIO Inc., ADR(a)(c)		16,650		509,157
People’s Insurance Co. Group of China Ltd. (The), Class H		225,000		66,732
PICC Property & Casualty Co. Ltd., Class H		150,000		101,356
Pinduoduo Inc., ADR(a)		2,700		242,946
Ping An Healthcare and Technology Co. Ltd.(a)(d)		7,500		96,714
Ping An Insurance Group Co. of China Ltd., Class A		7,500		87,172
Ping An Insurance Group Co. of China Ltd., Class H		75,000		769,357
Postal Savings Bank of China Co. Ltd., Class H(d)		150,000		73,502
Sany Heavy Industry Co. Ltd., Class A		30,000		116,259
Semiconductor Manufacturing International Corp.(a)		37,500		110,012
SF Holding Co. Ltd., Class A		15,000		185,477
Shanghai International Airport Co. Ltd., Class A		7,500		74,034
Shanghai International Port Group Co. Ltd., Class A		45,199		28,215
Shenzhen International Holdings Ltd.		37,500		58,222
Shenzhou International Group Holdings Ltd.		22,500		388,499
Sichuan Chuantou Energy Co. Ltd., Class A		67,500		101,508
Sino Biopharmaceutical Ltd.		301,000		303,529
Sunny Optical Technology Group Co. Ltd.		7,500		123,987
Suofeiya Home Collection Co. Ltd., Class A		7,500		31,585
TAL Education Group, ADR(a)		4,275		284,116
Tencent Holdings Ltd.		60,000		4,572,622
Tencent Music Entertainment Group, ADR(a)(c)		5,625		83,700
Tianqi Lithium Corp., Class A(a)		9,750		28,830
Trip.com Group Ltd., ADR(a)		5,475		157,461
Vipshop Holdings Ltd., ADR(a)		6,900		147,660
Want Want China Holdings Ltd.		75,000		49,517
Wens Foodstuffs Group Co. Ltd., Class A		31,640		89,539

2

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
China (continued)
Wuliangye Yibin Co. Ltd., Class A		7,500	$	273,679
Xiaomi Corp., Class B(a)(d)		105,000		297,878
Yantai Jereh Oilfield Services Group Co. Ltd., Class A		22,500		89,815
Yintai Gold Co. Ltd., Class A		20,600		30,702
Yum China Holdings Inc.		4,302		228,995
Zai Lab Ltd., ADR(a)		1,500		123,075
Zhejiang Expressway Co. Ltd., Class H		150,000		102,130
Zhejiang Semir Garment Co. Ltd., Class A		15,000		18,682
ZTO Express Cayman Inc., ADR		5,625		163,012
				26,713,823
Colombia — 0.1%
Ecopetrol SA		283,650		131,793
Grupo de Inversiones Suramericana SA		42,825		223,310
Interconexion Electrica SA ESP		30,000		162,350
				517,453
Denmark — 0.6%
Ambu A/S, Series B		2,400		72,753
Carlsberg AS, Class B		810		102,526
Chr Hansen Holding A/S		1,500		151,093
Coloplast A/S, Class B		825		120,405
Danske Bank A/S(a)		9,300		123,623
Genmab A/S(a)		675		224,843
Novo Nordisk A/S, Class B		17,925		1,151,399
Novozymes A/S, Class B		4,017		241,405
Orsted A/S(d)		2,025		321,424
Pandora A/S(a)		1,500		118,799
Vestas Wind Systems A/S		2,325		396,870
				3,025,140
Finland — 0.3%
Elisa OYJ		2,250		110,707
Kone OYJ, Class B		3,615		287,775
Neste OYJ		10,650		554,284
Nokia OYJ(a)		54,000		182,416
Nordea Bank Abp(a)		31,350		234,848
Orion OYJ, Class B		1,425		61,002
Sampo OYJ, Class A		4,275		161,343
Wartsila OYJ Abp		12,300		97,743
				1,690,118
France — 2.6%
Aeroports de Paris		900		87,958
Airbus SE(a)		6,300		459,320
Alstom SA(a)		2,850		127,747
Amundi SA(a)(d)		1,200		78,697
Atos SE(a)		2,250		153,585
AXA SA		19,200		308,638
BioMerieux		450		66,990
BNP Paribas SA(a)		9,525		331,247
Bureau Veritas SA(a)		4,950		108,689
Capgemini SE		2,175		251,176
CNP Assurances(a)		6,075		68,429
Danone SA		7,050		389,258
Dassault Aviation SA(a)		75		62,552
Dassault Systemes SE		1,275		217,654
Edenred		2,058		95,986
Eiffage SA(a)		375		27,223
EssilorLuxottica SA(a)		3,335		412,563
Eurofins Scientific SE(a)		75		59,739
Gecina SA		665		82,575
Getlink SE(a)		9,825		132,071

Security	Shares		Value
France (continued)
Hermes International		450	$	418,822
ICADE		1,050		53,082
Iliad SA		375		72,512
Ingenico Group SA(a)(c)		153		22,010
Ipsen SA		675		61,447
Kering SA		825		498,279
Klepierre SA		3,975		50,354
Legrand SA		3,825		282,838
L’Oreal SA		2,851		922,238
LVMH Moet Hennessy Louis Vuitton SE		2,175		1,019,246
Natixis SA(a)		23,025		53,534
Orange SA		11,250		126,197
Pernod Ricard SA		2,775		447,372
Peugeot SA(a)		5,475		98,406
Publicis Groupe SA		1,650		57,276
Remy Cointreau SA		675		114,010
Renault SA(a)		3,300		81,704
Safran SA(a)		3,375		355,867
Sanofi		11,625		1,047,696
Sartorius Stedim Biotech		525		199,119
Schneider Electric SE		6,160		747,684
SCOR SE(a)		1,686		40,968
Societe Generale SA(a)		11,700		158,639
Sodexo SA		1,725		110,716
STMicroelectronics NV		8,175		249,017
Teleperformance		600		180,109
Thales SA		1,425		92,756
Ubisoft Entertainment SA(a)		1,350		119,105
Unibail-Rodamco-Westfield		2,294		93,259
Vinci SA		7,425		586,576
Vivendi SA		10,200		294,542
Worldline SA(a)(c)(d)		2,679		198,611
				12,376,088
Germany — 2.0%
adidas AG(a)		1,800		534,666
Allianz SE, Registered		4,275		752,238
Aroundtown SA(a)		13,275		63,663
BASF SE		2,789		152,919
Bayer AG, Registered		8,925		419,594
Bayerische Motoren Werke AG		5,475		374,235
Beiersdorf AG		1,125		117,810
Continental AG		1,125		119,618
Daimler AG, Registered		12,525		647,785
Delivery Hero SE(a)(d)		1,425		163,966
Deutsche Bank AG, Registered(a)		23,025		211,910
Deutsche Boerse AG		1,500		220,768
Deutsche Post AG, Registered		5,025		222,662
Deutsche Telekom AG, Registered		26,400		401,929
Deutsche Wohnen SE		3,900		196,844
Fraport AG Frankfurt Airport Services Worldwide(a)(c)		1,875		67,751
Fresenius Medical Care AG & Co. KGaA		2,400		183,338
Fresenius SE & Co. KGaA		4,725		175,245
GEA Group AG		2,550		84,863
Infineon Technologies AG		16,050		446,831
KION Group AG		750		58,394
Merck KGaA		1,125		166,624
MTU Aero Engines AG		675		115,228
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered		1,935		452,600
Puma SE(a)		1,230		107,515

3

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Germany (continued)
SAP SE		10,575	$	1,127,000
Siemens AG, Registered		8,250		967,728
Siemens Healthineers AG(d)		1,875		80,495
Symrise AG		3,225		397,640
Telefonica Deutschland Holding AG		35,475		89,547
United Internet AG, Registered		2,025		71,001
Vonovia SE		5,175		330,460
Zalando SE(a)(d)		1,950		182,125
				9,704,992
Greece — 0.0%
OPAP SA		5,625		45,375
Hong Kong — 0.8%
AIA Group Ltd.		135,000		1,271,688
BeiGene Ltd., ADR(a)(c)		525		155,673
BOC Hong Kong Holdings Ltd.		37,500		103,967
Budweiser Brewing Co. APAC Ltd.(d)		30,000		88,203
CK Asset Holdings Ltd.		37,500		173,601
Hang Seng Bank Ltd.		7,500		115,283
Hong Kong & China Gas Co. Ltd.		182,936		262,791
Hong Kong Exchanges & Clearing Ltd.		10,500		501,248
Hongkong Land Holdings Ltd.		22,500		82,575
Jardine Strategic Holdings Ltd.		7,500		162,675
Link REIT		30,000		228,438
Melco Resorts & Entertainment Ltd., ADR		6,450		103,974
MTR Corp. Ltd.		37,500		185,448
Power Assets Holdings Ltd.		37,500		192,702
Swire Properties Ltd.		30,000		80,272
				3,708,538
India — 1.0%
Adani Ports & Special Economic Zone Ltd.		3,000		14,567
Asian Paints Ltd.		7,125		212,623
Axis Bank Ltd.(a)		17,775		118,128
Bajaj Auto Ltd.		1,800		70,120
Bandhan Bank Ltd.(a)(d)		9,600		37,496
Bharti Airtel Ltd.		29,625		173,395
Dabur India Ltd.		28,838		199,024
DLF Ltd.		22,500		48,062
Godrej Consumer Products Ltd.		5,625		50,461
HCL Technologies Ltd.		15,600		177,235
HDFC Life Insurance Co. Ltd.(a)(d)		5,625		44,764
Hero MotoCorp Ltd.		1,500		56,670
Hindustan Unilever Ltd.		7,725		215,913
Housing Development Finance Corp. Ltd.		12,750		330,942
ICICI Bank Ltd.(a)		13,618		72,144
ICICI Bank Ltd., ADR, NVS(a)		14,400		151,920
Infosys Ltd.		52,849		756,356
Infosys Ltd., ADR		2,100		29,967
ITC Ltd.		58,275		129,946
Lupin Ltd.		5,625		69,015
Mahindra & Mahindra Ltd., GDR		2,700		21,114
Maruti Suzuki India Ltd.		1,050		98,687
Nestle India Ltd.		738		170,904
Petronet LNG Ltd.		52,275		162,911
REC Ltd.		75		104
Reliance Industries Ltd.		25,425		704,863
SBI Life Insurance Co. Ltd.(a)(d)		5,625		58,381
Sun Pharmaceutical Industries Ltd.		7,875		49,493
Tata Consultancy Services Ltd.		9,621		345,964
Tata Motors Ltd.(a)		47,178		84,447

Security	Shares		Value
India (continued)
Tech Mahindra Ltd.		6,675	$	73,255
Titan Co. Ltd.		4,575		71,967
United Spirits Ltd.(a)		5,625		38,278
Wipro Ltd.		5,625		25,860
Wipro Ltd., ADR		15,604		75,523
Zee Entertainment Enterprises Ltd.		75		190
				4,940,689
Indonesia — 0.2%
Astra International Tbk PT		255,000		91,062
Bank Central Asia Tbk PT		37,500		71,462
Bank Mandiri Persero Tbk PT		247,500		94,085
Bank Rakyat Indonesia Persero Tbk PT		495,000		109,481
Barito Pacific Tbk PT(a)		1,065,000		63,094
Charoen Pokphand Indonesia Tbk PT		165,000		63,538
Gudang Garam Tbk PT(a)		22,500		60,687
Hanjaya Mandala Sampoerna Tbk PT		795,000		74,049
Telekomunikasi Indonesia Persero Tbk PT		720,000		124,173
Unilever Indonesia Tbk PT		187,500		96,579
				848,210
Ireland — 0.4%
Flutter Entertainment PLC(a)		1,440		250,853
Kerry Group PLC, Class A		1,725		206,362
Linde PLC		4,275		941,953
STERIS PLC		450		79,736
Trane Technologies PLC		2,850		378,337
				1,857,241
Israel — 0.3%
Azrieli Group Ltd.		1,650		77,932
Bank Hapoalim BM		15,525		91,101
Bank Leumi Le-Israel BM		12,932		61,308
Check Point Software Technologies Ltd.(a)		1,500		170,340
Elbit Systems Ltd.		525		59,503
Isracard Ltd.		0		—
Israel Discount Bank Ltd., Class A		41,325		116,481
Mizrahi Tefahot Bank Ltd.		4,500		88,003
Nice Ltd.(a)		1,200		274,902
Teva Pharmaceutical Industries Ltd., ADR(a)(c)		16,125		140,610
Wix.com Ltd.(a)(c)		750		185,490
				1,265,670
Italy — 0.5%
Assicurazioni Generali SpA		15,000		201,111
Atlantia SpA(a)		10,725		164,345
CNH Industrial NV(a)		13,950		108,223
DiaSorin SpA		225		49,404
Ferrari NV		1,725		307,734
Intesa Sanpaolo SpA(a)		162,450		268,631
Mediobanca Banca di Credito Finanziario SpA		12,375		87,759
Moncler SpA(a)		2,850		114,069
Nexi SpA(a)(d)		4,125		63,378
Poste Italiane SpA(d)		12,675		103,351
Recordati Industria Chimica e Farmaceutica SpA		900		46,642
Snam SpA		73,575		359,099
Terna Rete Elettrica Nazionale SpA		42,075		284,460
UniCredit SpA(a)		18,750		139,804
				2,298,010
Japan — 6.9%
Alfresa Holdings Corp.		23,300		425,926
Amada Co. Ltd.		7,500		64,927
Astellas Pharma Inc.		23,100		317,089

4

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Japan (continued)
Canon Inc.		15,000	$	258,346
Chiba Bank Ltd. (The)		15,000		77,052
Concordia Financial Group Ltd.		30,000		98,431
Dai-ichi Life Holdings Inc.		15,000		221,901
Daiichi Sankyo Co. Ltd.		22,500		591,448
Daikin Industries Ltd.		400		74,536
Daiwa House Industry Co. Ltd.		7,500		196,253
Daiwa Securities Group Inc.		37,500		151,019
Denso Corp.		7,500		347,092
Dentsu Group Inc.		7,500		214,583
East Japan Railway Co.		1,100		57,420
FANUC Corp.		2,200		464,033
Hitachi Ltd.		7,500		251,244
Honda Motor Co. Ltd.		15,000		349,388
Hoya Corp.		7,500		846,566
Hulic Co. Ltd.		7,500		69,304
Iida Group Holdings Co. Ltd.		15,000		270,184
Isuzu Motors Ltd.		15,000		120,958
ITOCHU Corp.		30,000		717,429
Japan Post Holdings Co. Ltd.		22,500		153,867
Japan Tobacco Inc.		15,000		282,667
JGC Holdings Corp.		7,500		61,340
Kajima Corp.		15,000		159,556
Kansai Paint Co. Ltd.		11,900		306,094
Kao Corp.		7,500		532,332
KDDI Corp.		22,500		601,026
Keikyu Corp.		7,500		104,458
Keisei Electric Railway Co. Ltd.		7,500		209,130
Keyence Corp.		1,800		813,564
Kirin Holdings Co. Ltd.		15,000		269,610
Koito Manufacturing Co. Ltd.		7,500		360,149
Komatsu Ltd.		7,500		167,950
Kubota Corp.		15,000		259,781
Kyocera Corp.		7,500		411,158
M3 Inc.		7,500		504,137
Marubeni Corp.		45,000		233,824
Mebuki Financial Group Inc.		30,000		59,977
Medipal Holdings Corp.		15,000		267,170
Mitsubishi Corp.		22,500		500,514
Mitsubishi Electric Corp.		30,000		384,542
Mitsubishi Estate Co. Ltd.		15,000		222,977
Mitsubishi Heavy Industries Ltd.		7,500		160,309
Mitsubishi Motors Corp.(a)		22,500		40,893
Mitsubishi UFJ Financial Group Inc.		135,000		529,721
Mitsubishi UFJ Lease & Finance Co. Ltd.		22,500		94,701
Mitsui & Co. Ltd.		67,500		1,052,468
Mitsui Fudosan Co. Ltd.		7,500		127,308
Mizuho Financial Group Inc.		34,900		427,820
MS&AD Insurance Group Holdings Inc.		7,500		204,073
Murata Manufacturing Co. Ltd.		7,500		521,355
Nexon Co. Ltd.		7,500		209,417
Nikon Corp.		7,500		45,126
Nintendo Co. Ltd.		300		163,516
Nippon Paint Holdings Co. Ltd.		7,500		673,666
Nippon Telegraph & Telephone Corp.		15,000		315,095
Nomura Holdings Inc.		67,500		299,921
NTT Data Corp.		15,000		168,596
NTT DOCOMO Inc.		15,000		557,729
Obayashi Corp.		22,500		187,249
Olympus Corp.		15,000		285,393

Security	Shares		Value
Japan (continued)
Omron Corp.		7,500	$	538,072
ORIX Corp.		22,500		261,610
Otsuka Holdings Co. Ltd.		7,500		276,569
Panasonic Corp.		22,500		206,770
Rakuten Inc.		22,500		218,457
Recruit Holdings Co. Ltd.		15,000		569,638
Resona Holdings Inc.		60,000		196,575
Ricoh Co. Ltd.		15,000		97,857
Santen Pharmaceutical Co. Ltd.		7,500		133,227
SBI Holdings Inc.		7,500		171,681
Sega Sammy Holdings Inc.		7,500		93,696
Sekisui House Ltd.		7,500		123,864
Seven & i Holdings Co. Ltd.		7,500		228,071
Shimizu Corp.		22,500		155,826
Shin-Etsu Chemical Co. Ltd.		7,500		996,509
Shinsei Bank Ltd.		7,500		89,822
Shiseido Co. Ltd.		7,500		462,742
Shizuoka Bank Ltd. (The)		15,000		100,440
SMC Corp.		600		317,390
Softbank Corp.		15,000		173,976
SoftBank Group Corp.		15,000		974,699
Sompo Holdings Inc.		7,500		279,152
Sony Corp.		15,000		1,244,595
Subaru Corp.		7,500		136,706
Sumitomo Corp.		30,000		328,439
Sumitomo Mitsui Financial Group Inc.		15,000		413,382
Sumitomo Mitsui Trust Holdings Inc.		7,500		199,696
T&D Holdings Inc.		7,500		74,397
Taisei Corp.		7,500		232,806
Takeda Pharmaceutical Co. Ltd.		17,775		550,729
Terumo Corp.		15,000		550,555
Tokio Marine Holdings Inc.		7,500		334,250
Toshiba Corp.		7,500		188,612
Toyota Industries Corp.		7,500		482,112
Toyota Motor Corp.		22,500		1,464,200
Toyota Tsusho Corp.		7,500		207,983
Unicharm Corp.		7,500		347,236
Yokogawa Electric Corp.		7,500		109,480
Z Holdings Corp.		45,000		312,125
				32,959,254
Malaysia — 0.2%
AMMB Holdings Bhd		75,000		51,444
CIMB Group Holdings Bhd		67,500		47,924
Dialog Group Bhd		277,500		247,112
IHH Healthcare Bhd		52,500		62,798
Malayan Banking Bhd		52,500		88,448
Petronas Dagangan Bhd		30,000		124,476
PPB Group Bhd		54,320		245,780
Public Bank Bhd		22,500		81,661
				949,643
Mexico — 0.2%
America Movil SAB de CV, Series L, NVS		232,501		141,069
Coca-Cola Femsa SAB de CV		15,000		56,623
Fibra Uno Administracion SA de CV		90,000		67,973
Fomento Economico Mexicano SAB de CV		15,000		80,148
Grupo Aeroportuario del Pacifico SAB de CV, Class B		7,500		62,224
Grupo Aeroportuario del Sureste SAB de CV, Class B(a)		6,000		69,093
Grupo Financiero Banorte SAB de CV, Class O(a)		30,201		134,132
Promotora y Operadora de Infraestructura SAB de CV		6,025		39,348

5

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Mexico (continued)
Wal-Mart de Mexico SAB de CV		60,000	$	144,519
				795,129
Netherlands — 1.3%
Adyen NV(a)(d)		150		252,918
Aegon NV		30,975		83,528
AerCap Holdings NV(a)(c)		5,475		135,944
Akzo Nobel NV		1,875		180,624
ASML Holding NV		4,425		1,608,191
Davide Campari-Milano NV		18,000		187,951
Heineken NV		2,625		232,999
ING Groep NV(a)		26,700		182,224
Just Eat Takeaway.com NV, New(a)(d)		1,050		116,830
Koninklijke Ahold Delhaize NV		5,850		160,751
Koninklijke DSM NV		2,250		360,244
Koninklijke Philips NV(a)		8,492		394,440
Koninklijke Vopak NV		2,475		128,668
NN Group NV		1,275		44,466
NXP Semiconductors NV		3,292		444,815
Prosus NV		4,500		449,643
QIAGEN NV(a)		2,925		138,911
Randstad NV(a)		2,025		101,217
Unilever NV		14,700		831,336
Wolters Kluwer NV		2,700		218,836
				6,254,536
New Zealand — 0.1%
a2 Milk Co. Ltd. (The)(a)(c)		5,625		54,425
Fisher & Paykel Healthcare Corp. Ltd.		3,900		90,213
Meridian Energy Ltd.		77,700		272,165
				416,803
Norway — 0.3%
DNB ASA(a)		24,375		328,184
Gjensidige Forsikring ASA		9,825		186,348
Mowi ASA		14,522		228,871
Orkla ASA		22,486		211,902
Schibsted ASA, Class B(a)		4,875		174,726
Telenor ASA		9,900		152,453
				1,282,484
Peru — 0.1%
Credicorp Ltd.		300		34,404
Southern Copper Corp.		7,500		392,550
				426,954
Philippines — 0.1%
Ayala Land Inc.		157,500		107,386
BDO Unibank Inc.		36,020		66,161
International Container Terminal Services Inc.		35,380		84,064
Jollibee Foods Corp.		5,070		17,808
SM Prime Holdings Inc.		1,800		1,253
				276,672
Poland — 0.1%
Bank Polska Kasa Opieki SA(a)		4,500		47,989
CD Projekt SA(a)		1,725		145,966
Powszechna Kasa Oszczednosci Bank Polski SA(a)		56,762		271,444
Powszechny Zaklad Ubezpieczen SA(a)		10,650		58,037
				523,436
Portugal — 0.0%
Galp Energia SGPS SA		9,750		78,979

Security	Shares		Value
Qatar — 0.1%
Barwa Real Estate Co.		264,750	$	239,376
Industries Qatar QSC		37,125		90,791
Mesaieed Petrochemical Holding Co.		380,713		191,580
Qatar National Bank QPSC		9,225		44,295
				566,042
Russia — 0.3%
Alrosa PJSC		84,910		76,292
Magnit PJSC, GDR(e)		9,108		125,599
Mobile TeleSystems PJSC, ADR		20,084		157,057
Moscow Exchange MICEX-RTS PJSC		117,110		197,424
Polymetal International PLC		6,363		134,036
Polyus PJSC		328		64,207
Sberbank of Russia PJSC		151,780		383,863
Surgutneftegas PJSC		180,000		74,616
VTB Bank PJSC		490,000		202
X5 Retail Group NV, GDR(e)		3,000		105,564
				1,318,860
Saudi Arabia — 0.4%
Abdullah Al Othaim Markets Co.		2,475		86,453
Al Rajhi Bank		11,025		193,437
Alinma Bank(a)		75		306
Almarai Co. JSC		7,275		100,096
Arab National Bank		17,250		87,301
Bank AlBilad		13,950		86,520
Bank Al-Jazira		5,625		19,528
Banque Saudi Fransi		11,250		89,093
Dar Al Arkan Real Estate Development Co.(a)		27,975		59,601
Emaar Economic City(a)		49,575		117,649
Etihad Etisalat Co.(a)		9,300		69,434
National Commercial Bank		19,875		206,948
Riyad Bank		20,775		99,712
Samba Financial Group		24,375		179,386
Saudi Arabian Fertilizer Co.		5,475		110,075
Saudi Arabian Mining Co.(a)		5,625		55,946
Saudi British Bank (The)		16,875		107,181
Saudi Telecom Co.		6,675		177,452
Yanbu National Petrochemical Co.		9,825		150,638
				1,996,756
Singapore — 0.2%
Ascendas REIT		42,300		89,216
City Developments Ltd.		22,500		104,467
DBS Group Holdings Ltd.		15,000		223,544
Genting Singapore Ltd.		157,500		74,396
Oversea-Chinese Banking Corp. Ltd.		33,900		209,035
Singapore Technologies Engineering Ltd.		45,000		115,013
Singapore Telecommunications Ltd.		90,000		133,797
United Overseas Bank Ltd.		5,100		70,926
UOL Group Ltd.		22,500		102,490
Yangzijiang Shipbuilding Holdings Ltd.(c)		75,000		50,531
				1,173,415
South Africa — 0.4%
Anglo American Platinum Ltd.		900		59,012
Bidvest Group Ltd. (The)		5,625		46,132
Clicks Group Ltd.		3,900		56,632
Discovery Ltd.		11,250		74,083
FirstRand Ltd.		80,829		187,040
Gold Fields Ltd.		10,125		107,582
Growthpoint Properties Ltd.		97,800		63,861
Kumba Iron Ore Ltd.		4,050		119,717

6

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
South Africa (continued)
MTN Group Ltd.		18,375	$	65,352
Naspers Ltd., Class N		4,500		875,510
Nedbank Group Ltd.		6,996		41,325
NEPI Rockcastle PLC		19,726		69,890
Old Mutual Ltd.		92,400		53,340
Rand Merchant Investment Holdings Ltd.		33,750		58,906
Reinet Investments SCA		4,650		73,785
Sanlam Ltd.		36,300		105,602
Standard Bank Group Ltd.		15,825		103,304
				2,161,073
South Korea — 1.5%
Amorepacific Corp.		675		93,990
BNK Financial Group Inc.		25,200		122,369
Celltrion Healthcare Co. Ltd.(a)		1,275		95,173
Celltrion Inc.(a)		1,016		215,789
CJ ENM Co. Ltd.		900		104,301
Coway Co. Ltd.		1,125		68,807
Daelim Industrial Co. Ltd.		1,725		118,578
GS Engineering & Construction Corp.		3,825		90,004
Hana Financial Group Inc.		3,624		97,091
HLB Inc.(a)		665		53,917
Hotel Shilla Co. Ltd.		975		63,757
Hyundai Mobis Co. Ltd.		900		178,858
Hyundai Motor Co.		1,125		163,094
Industrial Bank of Korea		1,050		7,560
Kakao Corp.		525		152,684
Kangwon Land Inc.		5,625		104,598
KB Financial Group Inc.		3,838		135,634
Kia Motors Corp.		1,800		80,109
Korea Aerospace Industries Ltd.		1,932		37,118
Korea Shipbuilding & Offshore Engineering Co. Ltd.(a)		1,125		77,730
KT&G Corp.		2,100		149,907
LG Household & Health Care Ltd.		150		198,290
Lotte Corp.		2,025		50,683
NAVER Corp.		1,316		336,336
NCSoft Corp.		302		206,532
Samsung Biologics Co. Ltd.(a)(d)		300		180,312
Samsung C&T Corp.		675		65,733
Samsung Electronics Co. Ltd.		48,230		2,405,762
Samsung Engineering Co. Ltd.(a)		7,050		73,004
Samsung Fire & Marine Insurance Co. Ltd.		600		94,651
Samsung Life Insurance Co. Ltd.		2,400		133,674
Samsung SDI Co. Ltd.		525		204,503
Samsung SDS Co. Ltd.		825		122,510
Shinhan Financial Group Co. Ltd.		4,729		126,487
SK Holdings Co. Ltd.		1,275		205,065
SK Hynix Inc.		5,925		417,209
SK Telecom Co. Ltd.		525		99,013
				7,130,832
Spain — 0.6%
Aena SME SA(a)(d)		2,175		292,878
Amadeus IT Group SA		5,850		279,321
Banco Bilbao Vizcaya Argentaria SA		72,921		209,127
Banco Santander SA(a)		162,900		324,631
CaixaBank SA		46,425		84,470
Cellnex Telecom SA(d)		5,387		345,880
Enagas SA		7,009		151,287
Ferrovial SA		8,355		180,778
Grifols SA		3,825		103,324

Security	Shares		Value
Spain (continued)
Iberdrola SA		10,278	$	121,220
Industria de Diseno Textil SA		12,750		314,710
Mapfre SA		42,450		63,986
Red Electrica Corp. SA		18,334		323,015
Siemens Gamesa Renewable Energy SA		5,325		150,915
Telefonica SA		61,110		199,742
			3,145,284
Sweden — 1.0%
Alfa Laval AB(a)		4,410		89,427
Assa Abloy AB, Class B		14,775		317,040
Atlas Copco AB, Class A		3,903		172,280
Atlas Copco AB, Class B		6,482		248,542
Boliden AB		15,375		420,080
Epiroc AB, Class A		11,100		165,855
Evolution Gaming Group AB(d)		1,800		133,668
Hennes & Mauritz AB, Class B		9,600		155,953
Hexagon AB, Class B(a)		3,075		224,688
Husqvarna AB, Class B		11,250		116,277
ICA Gruppen AB		2,550		120,694
Industrivarden AB, Class C(a)		9,975		255,058
Investor AB, Class B		9,975		598,871
Kinnevik AB, Class B		6,975		286,134
Nibe Industrier AB, Class B(a)		3,075		74,136
Sandvik AB(a)		15,490		275,826
Skandinaviska Enskilda Banken AB, Class A(a)		6,525		55,932
Skanska AB, Class B		5,025		94,446
Svenska Cellulosa AB SCA, Class B(a)		2,700		36,627
Svenska Handelsbanken AB, Class A(a)		8,775		71,098
Swedish Match AB		750		56,504
Telefonaktiebolaget LM Ericsson, Class B		23,250		259,322
Telia Co. AB		27,750		106,372
Volvo AB, Class B(a)		24,075		468,320
			4,803,150
Switzerland — 2.6%
ABB Ltd., Registered		16,950		411,475
Adecco Group AG, Registered		2,025		99,422
Alcon Inc.(a)		3,825		217,427
Cie. Financiere Richemont SA, Class A, Registered		5,250		329,360
Credit Suisse Group AG, Registered		5,113		48,109
EMS-Chemie Holding AG, Registered		225		197,862
Geberit AG, Registered		600		341,716
Givaudan SA, Registered		124		505,443
Julius Baer Group Ltd.		1,200		53,601
Kuehne + Nagel International AG, Registered		675		134,845
Lonza Group AG, Registered		600		363,450
Nestle SA, Registered		28,575		3,214,317
Novartis AG, Registered		19,650		1,532,681
Partners Group Holding AG		75		67,640
Roche Holding AG, NVS		6,675		2,146,589
Schindler Holding AG, Participation Certificates, NVS		538		137,648
SGS SA, Registered		75		187,469
Siemens Energy AG(a)		3,954		86,589
Sika AG, Registered		2,250		554,062
Sonova Holding AG, Registered(a)		453		107,498
Straumann Holding AG, Registered		75		78,228
Swatch Group AG (The), Bearer		525		111,095
Swiss Life Holding AG, Registered		150		50,439
Swiss Re AG		2,700		193,659
Swisscom AG, Registered		225		114,470

7

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Switzerland (continued)
Temenos AG, Registered		1,125	$	120,828
UBS Group AG, Registered		39,525		459,052
Vifor Pharma AG		750		84,406
Zurich Insurance Group AG		1,200		398,014
				12,347,394
Taiwan — 1.6%
Acer Inc.		75,000		62,536
Cathay Financial Holding Co. Ltd.		233,253		313,140
China Development Financial Holding Corp.		300,000		87,891
China Life Insurance Co. Ltd.		96,345		64,503
Chunghwa Telecom Co. Ltd.		75,000		280,560
CTBC Financial Holding Co. Ltd.		300,400		189,565
Delta Electronics Inc.		75,000		498,191
E.Sun Financial Holding Co. Ltd.		160,936		136,723
Fubon Financial Holding Co. Ltd.		150,000		213,435
Hon Hai Precision Industry Co. Ltd.		112,720		305,410
Mega Financial Holding Co. Ltd.		150,000		144,475
Ruentex Development Co. Ltd.		225,000		310,714
Shin Kong Financial Holding Co. Ltd.		400,439		111,437
SinoPac Financial Holdings Co. Ltd.		375,200		140,355
Synnex Technology International Corp.		150,000		222,613
Taishin Financial Holding Co. Ltd.		412,001		181,489
Taiwan Cooperative Financial Holding Co. Ltd.		77,740		52,183
Taiwan High Speed Rail Corp.		75,000		79,317
Taiwan Mobile Co. Ltd.		75,000		256,175
Taiwan Semiconductor Manufacturing Co. Ltd.		225,000		3,398,186
Uni-President Enterprises Corp.		150,000		321,464
Yuanta Financial Holding Co. Ltd.		388,600		241,147
				7,611,509
Thailand — 0.2%
Airports of Thailand PCL, NVDR		105,000		174,340
Bangkok Bank PCL, Foreign		22,500		69,844
Bangkok Expressway & Metro PCL, NVDR		279,700		73,588
CP ALL PCL, NVDR(a)		82,500		142,276
Energy Absolute PCL, NVDR		75,000		91,441
Kasikornbank PCL, Foreign		30,000		73,394
Krung Thai Bank PCL, NVDR(c)		465,000		129,053
Siam Commercial Bank PCL (The), NVDR		37,500		78,206
				832,142
Turkey — 0.0%
Akbank T.A.S.(a)		47,907		27,259
Aselsan Elektronik Sanayi Ve Ticaret AS		33,750		67,436
Turkiye Is Bankasi AS, Class C(a)		8,822		5,378
				100,073
United Arab Emirates — 0.1%
Aldar Properties PJSC		129,450		96,564
Emaar Properties PJSC(a)		72,000		52,337
Emirates Telecommunications Group Co. PJSC		34,425		158,200
				307,101
United Kingdom — 3.6%
3i Group PLC		19,650		244,166
Amcor PLC		16,875		176,006
Antofagasta PLC		26,588		353,925
Aptiv PLC		3,000		289,470
Ashtead Group PLC		7,125		257,954
AstraZeneca PLC		12,186		1,223,650
Auto Trader Group PLC(d)		12,525		93,768
Aviva PLC		41,925		139,588
BAE Systems PLC		23,325		119,732

Security	Shares		Value
United Kingdom (continued)
Barclays PLC(a)		166,950	$	230,027
Barratt Developments PLC(a)		16,425		102,471
Berkeley Group Holdings PLC		2,400		125,897
British American Tobacco PLC		23,479		743,173
British Land Co. PLC (The)		29,550		133,194
BT Group PLC		74,925		98,234
Bunzl PLC		4,425		137,317
Burberry Group PLC		6,300		110,458
Coca-Cola European Partners PLC		2,250		80,347
Compass Group PLC		19,050		259,864
Croda International PLC		3,040		237,180
DCC PLC		1,650		107,185
Diageo PLC		24,225		782,760
Direct Line Insurance Group PLC		56		191
Experian PLC		10,842		394,907
Ferguson PLC		3,150		314,513
Fiat Chrysler Automobiles NV(a)		10,950		134,464
GlaxoSmithKline PLC		46,425		775,436
GVC Holdings PLC(a)		11,775		147,105
Halma PLC		5,625		172,228
Hargreaves Lansdown PLC		3,300		57,710
HSBC Holdings PLC		173,700		728,920
Imperial Brands PLC		11,550		182,794
Informa PLC(a)		12,975		70,127
Intertek Group PLC		1,950		140,490
JD Sports Fashion PLC		5,625		53,908
Johnson Matthey PLC		5,925		164,635
Kingfisher PLC(a)		27,000		100,229
Land Securities Group PLC		19,941		131,316
Legal & General Group PLC		59,100		141,217
Lloyds Banking Group PLC(a)		739,650		268,022
London Stock Exchange Group PLC		3,032		324,529
M&G PLC		31,539		59,804
Melrose Industries PLC(a)		63,075		97,582
National Grid PLC		31,200		370,739
Natwest Group PLC(a)		45,000		72,266
Next PLC		1,575		118,930
Ocado Group PLC(a)		4,800		141,258
Pearson PLC		12,150		80,121
Persimmon PLC		4,159		125,620
Prudential PLC		29,889		364,359
Reckitt Benckiser Group PLC		7,125		626,459
RELX PLC		20,925		413,281
Rentokil Initial PLC(a)		16,875		114,770
Rio Tinto PLC		10,050		566,177
Rolls-Royce Holdings PLC(c)		43,575		40,183
Royal Dutch Shell PLC, Class B		60,300		724,322
RSA Insurance Group PLC		15,900		87,087
Sage Group PLC (The)		5,625		46,228
Segro PLC		15,165		176,867
Sensata Technologies Holding PLC(a)		2,550		111,460
Severn Trent PLC		9,150		287,492
Smith & Nephew PLC		8,325		143,864
Smiths Group PLC		7,575		130,218
St. James’s Place PLC		533		6,197
Standard Chartered PLC(a)		12,566		57,160
Standard Life Aberdeen PLC		32,850		95,356
Taylor Wimpey PLC(a)		63,600		87,004
Tesco PLC		78,150		207,654
Unilever PLC		11,475		653,429

8

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
United Kingdom (continued)
United Utilities Group PLC		26,700	$	298,073
Vodafone Group PLC		265,125		353,091
Whitbread PLC(a)		4,391		121,897
WPP PLC		16,350		130,353
				17,258,408
United States — 57.2%
3M Co.		5,400		863,784
A O Smith Corp.		3,150		162,824
Abbott Laboratories		17,250		1,813,147
AbbVie Inc.		17,700		1,506,270
ABIOMED Inc.(a)		600		151,128
Accenture PLC, Class A		6,750		1,464,142
Activision Blizzard Inc.		7,275		550,936
Adobe Inc.(a)		4,650		2,079,015
Advance Auto Parts Inc.		750		110,460
Advanced Micro Devices Inc.(a)		11,175		841,366
Aflac Inc.		9,075		308,096
Agilent Technologies Inc.		3,975		405,808
AGNC Investment Corp.		10,800		150,876
Akamai Technologies Inc.(a)		1,500		142,680
Albemarle Corp.		1,725		160,787
Alexandria Real Estate Equities Inc.		1,350		204,552
Alexion Pharmaceuticals Inc.(a)		2,025		233,158
Align Technology Inc.(a)		900		383,472
Alleghany Corp.		217		118,684
Allegion PLC		1,425		140,363
Allstate Corp. (The)		3,600		319,500
Ally Financial Inc.		5,925		158,079
Alnylam Pharmaceuticals Inc.(a)		825		101,450
Alphabet Inc., Class A(a)		2,625		4,242,289
Alphabet Inc., Class C, NVS(a)		3,150		5,106,181
Altice USA Inc., Class A(a)		5,625		151,594
Altria Group Inc.		19,425		700,854
Amazon.com Inc.(a)		4,050		12,296,407
AMERCO		375		130,185
American Express Co.		6,525		595,341
American International Group Inc.		11,850		373,156
American Tower Corp.		4,500		1,033,425
American Water Works Co. Inc.		7,050		1,061,095
Ameriprise Financial Inc.		1,425		229,183
AmerisourceBergen Corp.		1,725		165,721
AMETEK Inc.		2,250		220,950
Amgen Inc.		5,850		1,269,099
Amphenol Corp., Class A		1,425		160,797
Analog Devices Inc.		4,725		560,054
Annaly Capital Management Inc.		25,219		178,803
ANSYS Inc.(a)		813		247,453
Anthem Inc.		2,550		695,640
Aon PLC, Class A		2,475		455,425
Apollo Global Management Inc.		1,875		69,113
Apple Inc.		168,000		18,288,480
Applied Materials Inc.		10,050		595,261
Arch Capital Group Ltd.(a)		3,300		99,693
Arista Networks Inc.(a)		300		62,670
Arrow Electronics Inc.(a)		750		58,418
Arthur J Gallagher & Co.		525		54,448
Assurant Inc.		975		121,261
AT&T Inc.		70,275		1,898,830
Athene Holding Ltd., Class A(a)		1,950		62,556
Atmos Energy Corp.		6,339		581,096

Security	Shares		Value
United States (continued)
Autodesk Inc.(a)		2,250	$	529,965
Automatic Data Processing Inc.		5,100		805,596
AutoZone Inc.(a)		225		254,020
Avalara Inc.(a)(c)		825		122,966
AvalonBay Communities Inc.		1,500		208,695
Avantor Inc.(a)		4,650		108,206
Avery Dennison Corp.		2,100		290,619
Axalta Coating Systems Ltd.(a)		8,250		207,158
Baker Hughes Co.		22,125		326,786
Ball Corp.		4,200		373,800
Bank of America Corp.		75,075		1,779,277
Bank of New York Mellon Corp. (The)		8,400		288,624
Baxter International Inc.		4,575		354,883
Becton Dickinson and Co.		3,075		710,725
Berkshire Hathaway Inc., Class B(a)		11,475		2,316,802
Best Buy Co. Inc.		2,700		301,185
Biogen Inc.(a)		1,725		434,821
BioMarin Pharmaceutical Inc.(a)		2,325		173,050
Bio-Rad Laboratories Inc., Class A(a)		525		307,870
BlackRock Inc.(f)		1,133		678,905
Blackstone Group Inc. (The), Class A		5,625		283,612
Boeing Co. (The)		5,250		758,047
Booking Holdings Inc.(a)		450		730,125
BorgWarner Inc.		2,025		70,835
Boston Properties Inc.		1,275		92,323
Boston Scientific Corp.(a)		14,400		493,488
Bristol-Myers Squibb Co.		22,725		1,328,276
Broadcom Inc.		4,050		1,416,001
Broadridge Financial Solutions Inc.		1,050		144,480
Brown & Brown Inc.		3,260		141,843
Brown-Forman Corp., Class B, NVS		3,420		238,408
Burlington Stores Inc.(a)		525		101,630
Cadence Design Systems Inc.(a)		1,650		180,461
Capital One Financial Corp.		3,825		279,531
Cardinal Health Inc.		3,300		151,107
CarMax Inc.(a)		1,725		149,109
Carrier Global Corp.		9,180		306,520
Catalent Inc.(a)		1,050		92,159
Caterpillar Inc.		5,175		812,734
Cboe Global Markets Inc.		529		43,002
CBRE Group Inc., Class A(a)		4,950		249,480
CDW Corp./DE		1,425		174,705
Centene Corp.(a)		4,447		262,818
CenturyLink Inc.		9,036		77,890
Cerner Corp.		4,125		289,121
CH Robinson Worldwide Inc.		1,275		112,748
Charles Schwab Corp. (The)		10,630		436,999
Charter Communications Inc., Class A(a)		1,350		815,157
Cheniere Energy Inc.(a)		2,400		114,888
Chevron Corp.		13,200		917,400
Chipotle Mexican Grill Inc.(a)		300		360,444
Chubb Ltd.		4,200		545,622
Church & Dwight Co. Inc.		3,000		265,170
Cigna Corp.		3,525		588,569
Cincinnati Financial Corp.		1,200		84,888
Cintas Corp.		900		283,095
Cisco Systems Inc.		41,850		1,502,415
Citigroup Inc.		19,725		817,009
Citizens Financial Group Inc.		6,600		179,850
Citrix Systems Inc.		1,050		118,934

9

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
United States (continued)
Clorox Co. (The)		1,050	$	217,612
CME Group Inc.		3,150		474,768
Coca-Cola Co. (The)		42,450		2,040,147
Cognex Corp.		1,950		128,505
Cognizant Technology Solutions Corp., Class A		5,775		412,450
Colgate-Palmolive Co.		8,700		686,343
Comcast Corp., Class A		44,100		1,862,784
Conagra Brands Inc.		3,975		139,483
Consolidated Edison Inc.		7,275		571,015
Constellation Brands Inc., Class A		1,950		322,198
Cooper Companies Inc. (The)		375		119,644
Copart Inc.(a)		2,775		306,249
Corning Inc.		7,950		254,161
Corteva Inc.		7,050		232,509
CoStar Group Inc.(a)		450		370,624
Costco Wholesale Corp.		4,875		1,743,397
Coupa Software Inc.(a)		450		120,465
Crowdstrike Holdings Inc., Class A(a)		1,200		148,608
Crown Castle International Corp.		4,350		679,470
Crown Holdings Inc.(a)		975		83,655
CSX Corp.		8,100		639,414
Cummins Inc.		1,200		263,868
CVS Health Corp.		12,450		698,320
Danaher Corp.		6,525		1,497,748
Darden Restaurants Inc.		975		89,622
Datadog Inc., Class A(a)		900		81,675
DaVita Inc.(a)		600		51,750
Deere & Co.		2,700		609,957
Dell Technologies Inc., Class C(a)		2,400		144,624
DENTSPLY SIRONA Inc.		3,075		145,109
DexCom Inc.(a)		825		263,653
Digital Realty Trust Inc.		2,175		313,852
Discover Financial Services		2,850		185,279
Discovery Inc., Class A(a)(c)		4,125		83,490
DocuSign Inc.(a)		1,350		273,037
Dollar General Corp.		2,475		516,557
Dollar Tree Inc.(a)		2,250		203,220
Dominion Energy Inc.		5,700		457,938
Domino’s Pizza Inc.		450		170,244
Dover Corp.		1,650		182,672
Dow Inc.		6,750		307,057
DR Horton Inc.		3,525		235,505
Dropbox Inc., Class A(a)		4,125		75,323
Duke Realty Corp.		5,625		213,694
Eaton Corp. PLC		4,275		443,702
eBay Inc.		8,775		417,953
Ecolab Inc.		3,600		660,924
Edison International		5,775		323,631
Edwards Lifesciences Corp.(a)		6,525		467,777
Elanco Animal Health Inc.(a)		5,625		174,431
Electronic Arts Inc.(a)		2,700		323,541
Eli Lilly & Co.		8,325		1,086,079
Emerson Electric Co.		7,200		466,488
EOG Resources Inc.		3,825		130,968
Equifax Inc.		1,425		194,655
Equinix Inc.		900		658,116
Equitable Holdings Inc.		5,625		120,881
Equity Residential		4,575		214,933
Erie Indemnity Co., Class A, NVS		300		69,861
Essential Utilities Inc.		13,350		550,020

Security	Shares		Value
United States (continued)
Essex Property Trust Inc.		525	$	107,410
Estee Lauder Companies Inc. (The), Class A		2,775		609,556
Everest Re Group Ltd.		375		73,905
Eversource Energy		10,950		955,606
Exact Sciences Corp.(a)(c)		1,575		195,032
Exelon Corp.		1,425		56,843
Expedia Group Inc.		1,650		155,348
Expeditors International of Washington Inc.		2,700		238,599
Extra Space Storage Inc.		1,125		130,444
F5 Networks Inc.(a)		600		79,764
Facebook Inc., Class A(a)		23,100		6,077,841
Fair Isaac Corp.(a)		225		88,076
Fastenal Co.		6,150		265,864
Fidelity National Financial Inc.		3,430		107,325
Fidelity National Information Services Inc.		6,527		813,199
Fifth Third Bancorp		8,475		196,790
Fiserv Inc.(a)		6,318		603,179
FleetCor Technologies Inc.(a)		1,125		248,524
FLIR Systems Inc.		2,250		78,053
FMC Corp.		3,075		315,925
Ford Motor Co.		27,975		216,247
Fortinet Inc.(a)		1,350		149,000
Fortive Corp.		3,247		200,015
Fortune Brands Home & Security Inc.		2,400		194,088
Fox Corp., Class A, NVS		6,375		169,065
Franklin Resources Inc.		4,275		80,156
Freeport-McMoRan Inc.		12,825		222,385
Garmin Ltd.		1,875		195,038
Gartner Inc.(a)		1,200		144,120
General Dynamics Corp.		2,325		305,342
General Electric Co.		87,225		647,209
General Mills Inc.		5,400		319,248
General Motors Co.		10,125		349,616
Genuine Parts Co.		1,800		162,774
Gilead Sciences Inc.		12,600		732,690
Global Payments Inc.		2,250		354,915
GoDaddy Inc., Class A(a)		975		68,972
Goldman Sachs Group Inc. (The)		3,525		666,366
Halliburton Co.(c)		37,875		456,772
Hartford Financial Services Group Inc. (The)		3,450		132,894
Hasbro Inc.		1,950		161,304
HCA Healthcare Inc.		2,025		250,978
HD Supply Holdings Inc.(a)		1,950		77,727
Healthpeak Properties Inc.		2,896		78,105
HEICO Corp.		750		78,788
Henry Schein Inc.(a)		900		57,222
Hershey Co. (The)		1,275		175,262
Hess Corp.		2,475		92,120
Hewlett Packard Enterprise Co.		12,600		108,864
Hilton Worldwide Holdings Inc.		1,500		131,715
Hologic Inc.(a)		2,850		196,137
Home Depot Inc. (The)		10,500		2,800,455
Honeywell International Inc.		7,275		1,200,011
Host Hotels & Resorts Inc.		10,350		108,468
HP Inc.		18,600		334,056
Humana Inc.		1,275		509,082
Huntington Bancshares Inc./OH		5,475		57,159
IAC/InterActiveCorp.(a)		825		99,594
IDEX Corp.		827		140,913
IDEXX Laboratories Inc.(a)		750		318,615

10

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
United States (continued)
IHS Markit Ltd.		5,963	$	482,228
Illinois Tool Works Inc.		3,075		602,331
Illumina Inc.(a)		1,725		504,907
Incyte Corp.(a)		1,950		168,948
Ingersoll Rand Inc.(a)		2,518		87,979
Insulet Corp.(a)		450		100,013
Intel Corp.		42,075		1,863,081
Intercontinental Exchange Inc.		4,425		417,720
International Business Machines Corp.		9,000		1,004,940
International Flavors & Fragrances Inc.(c)		1,575		161,690
Interpublic Group of Companies Inc. (The)		2,775		50,200
Intuit Inc.		2,775		873,237
Intuitive Surgical Inc.(a)		1,275		850,527
Invesco Ltd.		5,175		67,844
Invitation Homes Inc.		5,625		153,338
Ionis Pharmaceuticals Inc.(a)		1,350		63,383
IQVIA Holdings Inc.(a)		2,025		311,830
Iron Mountain Inc.		3,525		91,862
Jack Henry & Associates Inc.		750		111,188
Jacobs Engineering Group Inc.		2,100		199,500
Jazz Pharmaceuticals PLC(a)		300		43,230
JM Smucker Co. (The)		975		109,395
Johnson & Johnson		25,500		3,496,305
Johnson Controls International PLC		5,175		218,437
Jones Lang LaSalle Inc.		1,125		126,968
JPMorgan Chase & Co.		28,015		2,746,591
Juniper Networks Inc.		2,775		54,723
Kansas City Southern		375		66,053
Kellogg Co.		1,336		84,021
Keurig Dr Pepper Inc.		3,150		84,735
KeyCorp.		9,975		129,476
Keysight Technologies Inc.(a)		1,350		141,575
Kimberly-Clark Corp.		1,350		178,997
Kinder Morgan Inc./DE		49,425		588,157
KKR & Co. Inc.		6,225		212,584
KLA Corp.		1,650		325,347
Kraft Heinz Co. (The)		8,250		252,367
Kroger Co. (The)		3,975		128,035
L3Harris Technologies Inc.		2,145		345,581
Laboratory Corp. of America Holdings(a)		825		164,810
Lam Research Corp.		1,950		667,056
Lamb Weston Holdings Inc.		1,725		109,451
Las Vegas Sands Corp.		4,875		234,292
Leidos Holdings Inc.		1,800		149,400
Lennar Corp., Class A		2,850		200,156
Lennox International Inc.		675		183,371
Liberty Global PLC, Class A(a)		5,100		96,798
Liberty Media Corp.-Liberty Formula One, Class C, NVS(a)		2,775		100,261
Liberty Media Corp.-Liberty SiriusXM, Class A(a)		2,850		98,525
Lincoln National Corp.		3,750		131,625
Live Nation Entertainment Inc.(a)		2,224		108,531
LKQ Corp.(a)		3,900		124,761
Lockheed Martin Corp.		2,175		761,533
Loews Corp.		3,750		130,050
Lowe’s Companies Inc.		7,500		1,185,750
Lululemon Athletica Inc.(a)		1,350		431,041
M&T Bank Corp.		825		85,454
Markel Corp.(a)		75		69,960
MarketAxess Holdings Inc.		300		161,655
Marriott International Inc./MD, Class A		1,050		97,524

Security	Shares		Value
United States (continued)
Marsh & McLennan Companies Inc.		5,775	$	597,481
Martin Marietta Materials Inc.		450		119,858
Marvell Technology Group Ltd.		6,825		256,006
Masco Corp.		5,325		285,420
Mastercard Inc., Class A		8,963		2,587,080
Match Group Inc.(a)		1,775		207,284
Maxim Integrated Products Inc.		3,225		224,621
McCormick & Co. Inc./MD, NVS		1,725		311,380
McDonald’s Corp.		7,875		1,677,375
McKesson Corp.		1,800		265,482
Medical Properties Trust Inc.		5,625		100,238
Medtronic PLC		13,200		1,327,524
MercadoLibre Inc.(a)(c)		450		546,322
Merck & Co. Inc.		25,350		1,906,573
MetLife Inc.		9,225		349,166
Mettler-Toledo International Inc.(a)		225		224,530
MGM Resorts International		4,950		101,822
Microchip Technology Inc.		2,475		260,073
Micron Technology Inc.(a)		13,500		679,590
Microsoft Corp.		69,375		14,046,356
Moderna Inc.(a)		1,950		131,567
Molson Coors Beverage Co., Class B		2,400		84,624
Mondelez International Inc., Class A		14,850		788,832
MongoDB Inc.(a)		375		85,676
Monster Beverage Corp.(a)		4,875		373,279
Moody’s Corp.		1,650		433,785
Morgan Stanley		9,897		476,541
Motorola Solutions Inc.		1,200		189,672
MSCI Inc.		1,050		367,332
Mylan NV(a)		4,200		61,068
National Oilwell Varco Inc.		25,275		212,310
NetApp Inc.		2,775		121,795
Netflix Inc.(a)		4,200		1,998,108
Neurocrine Biosciences Inc.(a)		600		59,202
Newell Brands Inc.		6,075		107,285
Newmont Corp.		6,075		381,753
News Corp., Class A, NVS		5,400		70,902
NextEra Energy Inc.		12,900		944,409
Nielsen Holdings PLC		5,700		77,007
Nike Inc., Class B		12,825		1,540,026
Norfolk Southern Corp.		2,625		548,940
Northern Trust Corp.		1,275		99,794
Northrop Grumman Corp.		1,500		434,730
NortonLifeLock Inc.		6,675		137,305
NVIDIA Corp.		5,775		2,895,354
O’Reilly Automotive Inc.(a)		750		327,450
Okta Inc.(a)		675		141,635
Old Dominion Freight Line Inc.		1,765		336,003
Omega Healthcare Investors Inc.		3,000		86,430
Omnicom Group Inc.		1,575		74,340
ONEOK Inc.		7,650		221,850
Oracle Corp.		21,075		1,182,518
Otis Worldwide Corp.		4,590		281,275
PACCAR Inc.		2,100		179,298
Palo Alto Networks Inc.(a)		1,125		248,839
Parker-Hannifin Corp.		1,125		234,405
Paychex Inc.		4,650		382,462
Paycom Software Inc.(a)		300		109,227
PayPal Holdings Inc.(a)		10,725		1,996,244
Pentair PLC		2,052		102,108

11

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
United States (continued)
People’s United Financial Inc.		3,375	$	36,011
PepsiCo Inc.		13,425		1,789,418
Perrigo Co. PLC		1,200		52,644
Pfizer Inc.		52,725		1,870,683
Philip Morris International Inc.		15,375		1,091,932
Phillips 66		5,625		262,462
Pinterest Inc., Class A(a)		3,675		216,641
Pioneer Natural Resources Co.		5,625		447,525
PNC Financial Services Group Inc. (The)		4,350		486,678
PPG Industries Inc.		3,825		496,179
Principal Financial Group Inc.		3,450		135,309
Procter & Gamble Co. (The)		24,750		3,393,225
Progressive Corp. (The)		5,550		510,045
Prologis Inc.		7,350		729,120
Prudential Financial Inc.		5,325		340,906
Public Storage		1,650		377,965
PulteGroup Inc.		2,250		91,710
Qorvo Inc.(a)		825		105,072
QUALCOMM Inc.		11,400		1,406,304
Quest Diagnostics Inc.		1,575		192,371
Ralph Lauren Corp.		825		55,151
Raytheon Technologies Corp.		15,832		859,994
Realty Income Corp.		1,800		104,148
Regency Centers Corp.		1,800		64,062
Regeneron Pharmaceuticals Inc.(a)		900		489,204
Regions Financial Corp.		9,000		119,700
Reinsurance Group of America Inc.		675		68,189
ResMed Inc.		1,350		259,119
RingCentral Inc., Class A(a)		525		135,629
Robert Half International Inc.		3,750		190,088
Rockwell Automation Inc.		1,050		248,976
Roku Inc.(a)		900		182,160
Rollins Inc.		3,075		177,889
Roper Technologies Inc.		1,125		417,757
Ross Stores Inc.		3,525		300,224
S&P Global Inc.		2,775		895,576
salesforce.com Inc.(a)		7,350		1,707,184
Sarepta Therapeutics Inc.(a)(c)		675		91,739
SBA Communications Corp.		1,275		370,222
Schlumberger Ltd.		85,650		1,279,611
Seagate Technology PLC		2,250		107,595
Seagen Inc.(a)		900		150,120
Sealed Air Corp.		3,600		142,524
Sempra Energy		4,130		517,737
ServiceNow Inc.(a)		1,800		895,626
Sherwin-Williams Co. (The)		1,050		722,379
Simon Property Group Inc.		3,525		221,405
Sirius XM Holdings Inc.		7,275		41,686
Skyworks Solutions Inc.		1,650		233,128
Slack Technologies Inc., Class A(a)(c)		2,850		72,903
Snap Inc., Class A, NVS(a)		9,300		366,327
Snap-on Inc.		750		118,148
Splunk Inc.(a)		1,275		252,501
Square Inc., Class A(a)		3,675		569,184
SS&C Technologies Holdings Inc.		1,650		97,713
Stanley Black & Decker Inc.		1,800		299,160
Starbucks Corp.		12,600		1,095,696
State Street Corp.		3,805		224,114
Stryker Corp.		3,150		636,331
Sun Communities Inc.		150		20,645

Security	Shares		Value
United States (continued)
SVB Financial Group(a)		525	$	152,618
Synchrony Financial		3,975		99,455
Sysco Corp.		6,825		377,491
T-Mobile U.S. Inc.(a)		3,365		368,703
T Rowe Price Group Inc.		2,475		313,483
Take-Two Interactive Software Inc.(a)		1,200		185,904
Target Corp.		4,800		730,656
TE Connectivity Ltd.		4,350		421,428
Teladoc Health Inc.(a)(c)		525		103,142
Teledyne Technologies Inc.(a)		225		69,559
Teleflex Inc.		375		119,336
Tesla Inc.(a)		7,125		2,764,785
Texas Instruments Inc.		9,835		1,422,043
Textron Inc.		2,175		77,865
Thermo Fisher Scientific Inc.		3,975		1,880,652
Tiffany & Co.		1,050		137,382
TJX Companies Inc. (The)		9,300		472,440
Tractor Supply Co.		1,575		209,806
Trade Desk Inc. (The), Class A(a)		375		212,419
Tradeweb Markets Inc., Class A		1,050		57,204
TransDigm Group Inc.		525		250,640
TransUnion		2,925		233,005
Travelers Companies Inc. (The)		3,075		371,183
Trimble Inc.(a)		3,225		155,219
Truist Financial Corp.		12,577		529,743
Twilio Inc., Class A(a)		1,200		334,764
Twitter Inc.(a)		6,675		276,078
Tyson Foods Inc., Class A		1,575		90,137
U.S. Bancorp		11,025		429,424
Uber Technologies Inc.(a)		10,350		345,793
UDR Inc.		2,073		64,761
UGI Corp.		3,900		126,126
Ulta Beauty Inc.(a)		675		139,570
Union Pacific Corp.		6,900		1,222,611
United Parcel Service Inc., Class B		5,625		883,744
United Rentals Inc.(a)		1,050		187,205
UnitedHealth Group Inc.		9,000		2,746,260
Universal Health Services Inc., Class B		750		82,163
Vail Resorts Inc.		675		156,627
Valero Energy Corp.		1,800		69,498
Varian Medical Systems Inc.(a)		1,200		207,360
Veeva Systems Inc., Class A(a)		1,425		384,821
Ventas Inc.		4,200		165,774
VEREIT Inc.		17,925		111,135
VeriSign Inc.(a)		975		185,933
Verisk Analytics Inc.		2,325		413,780
Verizon Communications Inc.		38,325		2,184,142
Vertex Pharmaceuticals Inc.(a)		2,400		500,064
VF Corp.		3,450		231,840
ViacomCBS Inc., Class B, NVS		4,029		115,109
VICI Properties Inc.		5,625		129,094
Visa Inc., Class A		17,033		3,095,066
VMware Inc., Class A(a)		1,050		135,167
Vornado Realty Trust		2,550		78,362
Voya Financial Inc.		2,850		136,601
Vulcan Materials Co.		2,025		293,301
Walmart Inc.		13,800		1,914,750
Walgreens Boots Alliance Inc.		9,075		308,913
Walt Disney Co. (The)		17,530		2,125,512
Waters Corp.(a)		900		200,538

12

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
United States (continued)
Wayfair Inc., Class A(a)(c)		900	$	223,227
Wells Fargo & Co.		35,775		767,374
Welltower Inc.		4,050		217,768
West Pharmaceutical Services Inc.		450		122,432
Western Digital Corp.		3,075		116,020
Western Union Co. (The)		5,250		102,060
Westinghouse Air Brake Technologies Corp.		2,175		128,978
Weyerhaeuser Co.		10,425		284,498
Williams Companies Inc. (The)		18,300		351,177
Willis Towers Watson PLC		1,070		195,254
Workday Inc., Class A(a)		1,725		362,457
WP Carey Inc.		2,934		183,698
WW Grainger Inc.		600		210,012
Wynn Resorts Ltd.		1,875		135,806
Xilinx Inc.		2,625		311,561
XPO Logistics Inc.(a)		900		81,000
Xylem Inc./NY		3,107		270,744
Yum! Brands Inc.		2,100		195,993
Zebra Technologies Corp., Class A(a)		450		127,638
Zillow Group Inc., Class C, NVS(a)(c)		1,950		172,809
Zimmer Biomet Holdings Inc.		2,025		267,502
Zoetis Inc.		5,175		820,496
Zoom Video Communications Inc., Class A(a)		900		414,819
				273,859,465
Total Common Stocks — 99.0% (Cost: $421,354,286)				474,112,258
Preferred Stocks
Brazil — 0.1%
Banco Bradesco SA, Preference Shares, NVS		60,668		212,117
Itau Unibanco Holding SA, Preference Shares, NVS		37,554		152,925
Itausa SA, Preference Shares, NVS		82,500		130,060
Telefonica Brasil SA, Preference Shares, NVS		7,500		55,333
				550,435
Chile — 0.1%
Sociedad Quimica y Minera de Chile SA, Class B, Preference Shares		6,300		229,933
Colombia — 0.0%
Bancolombia SA, Preference Shares, NVS		15,675		99,630
Germany — 0.2%
Fuchs Petrolub SE, Preference Shares, NVS		1,650		84,914
Henkel AG & Co. KGaA, Preference Shares, NVS		3,600		350,238
Sartorius AG, Preference Shares, NVS		225		95,244

Security	Shares		Value
Germany (continued)
Volkswagen AG, Preference Shares, NVS		2,250	$	327,876
				858,272
Italy — 0.0%
Telecom Italia SpA/Milano, Preference Shares, NVS		290,100		105,533
South Korea — 0.1%
Samsung Electronics Co. Ltd., Preference Shares, NVS		7,500		331,145
Total Preferred Stocks — 0.5% (Cost: $2,583,351)				2,174,948
Rights
United Kingdom — 0.0%
Rolls-Royce Holdings PLC, NVS (Expires 11/11/20)(a)		145,249		73,245
Total Rights — 0.0% (Cost: $177,581)				73,245
Short-Term Investments
Money Market Funds — 1.1%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.20%(f)(g)(h)		4,071,888		4,074,738
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.04%(f)(g)		1,030,000		1,030,000
				5,104,738
Total Short-Term Investments — 1.1% (Cost: $5,103,102)				5,104,738
Total Investments in Securities — 100.6% (Cost: $429,218,320)				481,465,189
Other Assets, Less Liabilities — (0.6)%				(2,767,861	)
Net Assets — 100.0%			$	478,697,328

^(a)  Non-income producing security.

^(b)  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

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

^(d)  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.

^(e)  This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(f)  Affiliate of the Fund.

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

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

13

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 07/31/20		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 10/31/20		Shares Held at 10/31/20		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	1,907,756	$	2,168,481	(a)	$	—	$	(710	)	$	(789	)	$	4,074,738		4,071,888	$	5,051	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		960,000		70,000	(a)		—		—			—			1,030,000		1,030,000		181			—
BlackRock Inc.		591,110		60,775			—		—			27,020			678,905		1,133		3,732			—
								$	(710	)	$	26,231		$	5,783,643			$	8,964		$	—

^(a)  Represents net amount purchased (sold).

^(b)  All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
MSCI EAFE Index		6		12/18/20	$	535	$	(29,761	)
MSCI Emerging Markets E-Mini Index		5		12/18/20		276		3,091
S&P 500 E-Mini Index		6		12/18/20		979		(16,039	)
								(42,709	)

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 iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of October 31, 2020. 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	$	473,111,106		$	848,210	$	152,942	$	474,112,258
Preferred Stocks		2,174,948			—		—		2,174,948
Rights		73,245			—		—		73,245
Money Market Funds		5,104,738			—		—		5,104,738
	$	480,464,037		$	848,210	$	152,942	$	481,465,189
Derivative financial instruments(a)
Assets
Futures Contracts	$	3,091		$	—	$	—	$	3,091
Liabilities
Futures Contracts		(45,800	)		—		—		(45,800	)
	$	(42,709	)	$	—	$	—	$	(42,709	)

^(a)  Shown at the unrealized appreciation (depreciation) on the contracts.

14

Schedule of Investments (unaudited) (continued) October 31, 2020 iShares^® MSCI ACWI Low Carbon Target ETF

Portfolio Abbreviations - Equity
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
JSC	Joint Stock Company
NVDR	Non-Voting Depositary Receipt
NVS	Non-Voting Shares
PJSC	Public Joint Stock Company

15