NPORT-EX 2 NPORT_5618361231439171.htm iShares ESG Aware MSCI USA Small-Cap ETF

Schedule of Investments (unaudited)

November 30, 2020

   

iShares® ESG Aware MSCI USA Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    

Aerospace & Defense — 1.5%

    

AAR Corp.

     8,278     $ 234,847  

Aerovironment Inc.(a)

    3,330       284,349  

Axon Enterprise Inc.(a)(b)

    7,914       994,711  

BWX Technologies Inc.

     17,112       973,331  

Cubic Corp.

     7,023       411,267  

Curtiss-Wright Corp.

     6,807       784,575  

Hexcel Corp.

     11,220       555,614  

Kratos Defense & Security Solutions Inc.(a)

    13,119       277,729  

Maxar Technologies Inc.(b)

    8,647       240,473  

Mercury Systems Inc.(a)

    8,167       581,654  

Moog Inc., Class A

     4,815       372,488  

PAE Inc.(a)

    22,600       217,186  

Spirit AeroSystems Holdings Inc., Class A

     8,279       281,486  

Vectrus Inc.(a)

    5,541       264,139  

Virgin Galactic Holdings Inc.(a)

    15,463       411,470  
   

 

 

  
        6,885,319  
Air Freight & Logistics — 0.2%            

Echo Global Logistics Inc.(a)

    11,542       327,678  

Hub Group Inc., Class A(a)

    7,657       418,225  
   

 

 

  
      745,903  
Airlines — 0.1%            

Alaska Air Group Inc.

     6,554       334,057  

JetBlue Airways Corp.(a)

    14,830       223,785  
   

 

 

  
      557,842  
Auto Components — 1.0%            

Adient PLC(a)

    9,633       301,417  

American Axle & Manufacturing Holdings Inc.(a)

    28,428       226,287  

Cooper Tire & Rubber Co.

     6,990       277,713  

Dana Inc.

     19,992       336,665  

Dorman Products Inc.(a)

    3,642       336,411  

Fox Factory Holding Corp.(a)

    4,406       384,512  

Gentex Corp.

     21,986       716,744  

Gentherm Inc.(a)

    11,828       672,540  

Goodyear Tire & Rubber Co. (The)

     26,655       277,745  

LCI Industries

     3,204       402,999  

Veoneer Inc.(a)

    11,753       234,237  

Visteon Corp.(a)

    3,450       416,932  
   

 

 

  
      4,584,202  
Automobiles — 0.4%            

Harley-Davidson Inc.

     18,847       759,345  

Thor Industries Inc.

     6,553       632,430  

Winnebago Industries Inc.

     4,391       232,416  
   

 

 

  
      1,624,191  
Banks — 6.7%            

Amalgamated Bank, Class A

     17,618       224,101  

Ameris Bancorp

     12,211       415,296  

BancFirst Corp.

     4,400       238,612  

BancorpSouth Bank

     20,181       511,588  

Bank of Hawaii Corp.

     8,414       630,040  

Bank OZK

     19,396       542,312  

BankUnited Inc.

     11,352       323,646  

Banner Corp.

     3,598       148,705  

BOK Financial Corp.

     5,984       400,629  

Bryn Mawr Bank Corp.

     7,849       234,057  

Cadence BanCorp

     19,997       278,758  

Camden National Corp.

     7,414       254,671  

Cathay General Bancorp

     7,428       209,841  
Security   Shares     Value  

Banks (continued)

    

CIT Group Inc.

     10,541     $ 353,018  

Columbia Banking System Inc.

     13,123       414,818  

Comerica Inc.

     25,528       1,255,978  

Commerce Bancshares Inc.

     13,453       887,360  

Community Bank System Inc.

     4,958       308,636  

Community Trust Bancorp. Inc.

     6,808       230,451  

Cullen/Frost Bankers Inc.

     11,263       945,078  

CVB Financial Corp.

     10,709       203,364  

East West Bancorp. Inc.

     14,411       615,638  

First Busey Corp.

     22,829       456,808  

First Financial Bancorp

     36,203       581,058  

First Financial Bankshares Inc.

     16,710       558,448  

First Hawaiian Inc.

     13,083       286,779  

First Horizon Corp.

     64,355       786,418  

First Interstate BancSystem Inc., Class A

     10,912       415,202  

Fulton Financial Corp.

     68,292       841,357  

Glacier Bancorp. Inc.

     11,602       473,014  

Great Western Bancorp. Inc.

     21,596       354,822  

Hancock Whitney Corp.

     10,564       296,743  

Heartland Financial USA Inc.

     6,784       264,440  

Heritage Financial Corp./WA

     10,090       234,794  

Hilltop Holdings Inc.

     9,063       218,328  

Independent Bank Corp.

     5,498       371,885  

International Bancshares Corp.

     13,253       429,530  

Investors Bancorp. Inc.

     47,940       464,059  

Live Oak Bancshares Inc.

     5,339       219,540  

National Bank Holdings Corp., Class A

     6,900       222,042  

OceanFirst Financial Corp.

     21,320       336,216  

PacWest Bancorp

     8,881       206,572  

People’s United Financial Inc.

     65,860       816,664  

Pinnacle Financial Partners Inc.

     12,343       668,497  

Popular Inc.

     8,171       396,539  

Prosperity Bancshares Inc.

     7,370       463,057  

QCR Holdings Inc.

     6,117       213,300  

ServisFirst Bancshares Inc.

     9,191       347,236  

Signature Bank/New York NY

     4,071       456,725  

Simmons First National Corp., Class A

     21,174       412,893  

South State Corp.

     7,838       520,992  

Stock Yards Bancorp. Inc.

     5,233       208,483  

Synovus Financial Corp.

     15,532       490,345  

TCF Financial Corp.

     24,398       819,773  

Texas Capital Bancshares Inc.(a)

    6,448       360,443  

TriState Capital Holdings Inc.(a)

    14,045       209,130  

Triumph Bancorp. Inc.(a)

    4,601       209,069  

Trustmark Corp.

     10,008       248,399  

UMB Financial Corp.

     5,772       392,554  

Umpqua Holdings Corp.

     41,237       572,782  

United Bankshares Inc./WV

     8,998       263,461  

Univest Financial Corp.

     12,523       229,296  

Valley National Bancorp

     71,933       657,468  

Webster Financial Corp.

     16,923       640,366  

Western Alliance Bancorp

     14,789       758,232  

Wintrust Financial Corp.

     9,151       498,638  

Zions Bancorp NA

     32,528       1,255,256  
   

 

 

  
        29,754,250  
Beverages — 0.2%            

Boston Beer Co. Inc. (The), Class A, NVS(a)(b)

    926       861,958  
   

 

 

  
Biotechnology — 7.0%            

ACADIA Pharmaceuticals Inc.(a)

    17,038       965,373  
 

 

 

1

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® ESG Aware MSCI USA Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Biotechnology (continued)

    

Acceleron Pharma Inc.(a)(b)

    6,903     $ 815,037  

Agios Pharmaceuticals Inc.(a)

    9,660       447,451  

Alder Biopharmaceuticals Inc.(b)(c)

    3,497       3,077  

Alkermes PLC(a)

    14,162       258,598  

Allakos Inc.(a)

    3,191       341,533  

Allogene Therapeutics Inc.(a)

    7,501       232,906  

Amicus Therapeutics Inc.(a)

    27,490       629,246  

AnaptysBio Inc.(a)

    8,221       212,020  

Apellis Pharmaceuticals Inc.(a)

    6,347       299,198  

Arcturus Therapeutics Holdings Inc.(a)(b)

    3,561       326,757  

Arcus Biosciences Inc.(a)

    9,320       253,784  

Arena Pharmaceuticals Inc.(a)

    7,359       484,737  

Arrowhead Pharmaceuticals Inc.(a)

    11,738       733,977  

Atara Biotherapeutics Inc.(a)

    12,117       280,993  

BioCryst Pharmaceuticals Inc.(a)

    47,009       240,216  

Biohaven Pharmaceutical Holding Co. Ltd.(a)

    5,693       506,392  

Bluebird Bio Inc.(a)

    9,235       407,171  

Blueprint Medicines Corp.(a)

    5,685       614,435  

CareDx Inc.(a)

    5,307       303,401  

ChemoCentryx Inc.(a)

    6,111       337,022  

Coherus Biosciences Inc.(a)

    12,182       224,880  

Cortexyme Inc.(a)

    4,179       203,099  

CRISPR Therapeutics AG(a)

    5,687       721,794  

Deciphera Pharmaceuticals Inc.(a)

    4,708       290,954  

Denali Therapeutics Inc.(a)

    9,304       567,265  

Dicerna Pharmaceuticals Inc.(a)

    11,149       281,735  

Eagle Pharmaceuticals Inc./DE(a)

    5,497       250,114  

Editas Medicine Inc.(a)

    8,654       264,726  

Eidos Therapeutics Inc.(a)

    2,735       251,784  

Emergent BioSolutions Inc.(a)

    4,761       390,069  

Esperion Therapeutics Inc.(a)

    7,446       210,871  

Exelixis Inc.(a)

    32,700       626,532  

Fate Therapeutics Inc.(a)

    7,765       453,981  

FibroGen Inc.(a)(b)

    11,188       462,176  

Global Blood Therapeutics Inc.(a)

    7,783       357,318  

Halozyme Therapeutics Inc.(a)(b)

    15,441       603,743  

Heron Therapeutics Inc.(a)(b)

    11,633       201,600  

Immunovant Inc.(a)

    5,418       266,511  

Inovio Pharmaceuticals Inc.(a)(b)

    22,119       270,294  

Insmed Inc.(a)(b)

    12,550       489,576  

Intellia Therapeutics Inc.(a)

    8,354       328,062  

Intercept Pharmaceuticals Inc.(a)

    5,807       206,207  

Invitae Corp.(a)

    14,485       719,180  

Iovance Biotherapeutics Inc.(a)(b)

    12,841       498,359  

Ironwood Pharmaceuticals Inc.(a)

    19,684       226,760  

Karuna Therapeutics Inc.(a)

    2,214       220,891  

Karyopharm Therapeutics Inc.(a)

    13,842       235,176  

Kodiak Sciences Inc.(a)

    3,804       519,893  

Kura Oncology Inc.(a)

    8,919       323,760  

Ligand Pharmaceuticals Inc.(a)(b)

    2,663       224,677  

MacroGenics Inc.(a)

    9,769       225,371  

Madrigal Pharmaceuticals Inc.(a)

    1,919       224,120  

Mersana Therapeutics Inc.(a)

    10,380       264,482  

Mirati Therapeutics Inc.(a)

    3,670       872,910  

Myriad Genetics Inc.(a)

    13,015       228,283  

Natera Inc.(a)

    7,560       667,321  

Novavax Inc.(a)

    7,369         1,027,975  

OPKO Health Inc.(a)

    66,938       310,592  

Prothena Corp. PLC(a)(b)

    16,694       188,976  

PTC Therapeutics Inc.(a)

    6,632       414,964  
Security   Shares     Value  

Biotechnology (continued)

    

REGENXBIO Inc.(a)

    5,943     $ 207,054  

Replimune Group Inc.(a)

    4,458       230,389  

Rhythm Pharmaceuticals Inc.(a)

    10,054       311,171  

Rocket Pharmaceuticals Inc.(a)

    6,434       199,197  

Sage Therapeutics Inc.(a)

    6,679       494,847  

Sangamo Therapeutics Inc.(a)(b)

    20,703       206,823  

Scholar Rock Holding Corp.(a)

    5,460       272,017  

Sorrento Therapeutics Inc.(a)

    31,674       259,727  

SpringWorks Therapeutics Inc.(a)

    3,400       222,496  

TG Therapeutics Inc.(a)

    10,952       321,332  

Turning Point Therapeutics Inc.(a)

    5,330       567,645  

Twist Bioscience Corp.(a)

    3,241       362,149  

Ultragenyx Pharmaceutical Inc.(a)

    8,258       978,903  

uniQure NV(a)

    5,823       279,970  

United Therapeutics Corp.(a)

    3,994       529,764  

Veracyte Inc.(a)

    7,162       390,401  

Xencor Inc.(a)

    5,896       249,519  

Xenon Pharmaceuticals Inc.(a)

    21,718       258,227  

Y-mAbs Therapeutics Inc.(a)

    4,979       253,282  

ZIOPHARM Oncology Inc.(a)

    81,873       229,244  

Zymeworks Inc.(a)

    5,639       296,893  
   

 

 

  
        31,131,355  
Building Products — 1.0%            

AAON Inc.

     6,416       417,874  

Advanced Drainage Systems Inc.

     9,329       650,698  

Armstrong World Industries Inc.

     7,835       603,765  

Builders FirstSource Inc.(a)

    16,752       626,692  

JELD-WEN Holding Inc.(a)

    9,272       224,290  

Masonite International Corp.(a)

    2,502       250,325  

Resideo Technologies Inc.(a)

    19,565       361,757  

Trex Co. Inc.(a)

    15,238       1,140,107  

UFP Industries Inc.

     4,524       242,713  
   

 

 

  
      4,518,221  
Capital Markets — 1.7%            

Affiliated Managers Group Inc.

     8,515       741,827  

Ares Management Corp., Class A

     11,151       502,352  

Artisan Partners Asset Management Inc., Class A

     6,407       288,315  

Cohen & Steers Inc.

     3,366       238,212  

Cowen Inc., Class A

     9,225       221,031  

Diamond Hill Investment Group Inc.

     1,685       230,542  

Eaton Vance Corp., NVS

     6,596       441,800  

Evercore Inc., Class A

     3,080       280,064  

Federated Hermes Inc.

     7,864       211,070  

Houlihan Lokey Inc.

     3,549       229,904  

Interactive Brokers Group Inc., Class A

     7,461       393,642  

Janus Henderson Group PLC

     36,391       1,038,235  

LPL Financial Holdings Inc.

     10,031       910,514  

Morningstar Inc.

     3,438       687,944  

Stifel Financial Corp.

     3,799       263,271  

StoneX Group Inc.(a)

    3,572       220,107  

Victory Capital Holdings Inc., Class A

     10,751       220,718  

Virtu Financial Inc., Class A

     9,520       216,961  

Virtus Investment Partners Inc.

     1,534       274,402  
   

 

 

  
      7,610,911  
Chemicals — 1.5%            

Avient Corp.

     10,343       378,037  

Balchem Corp.

     3,681       381,683  

Chemours Co. (The)

     19,710       479,544  

HB Fuller Co.

     11,562       605,039  
 

 

 

2

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® ESG Aware MSCI USA Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Chemicals (continued)

    

Huntsman Corp.

     10,367     $ 256,791  

Ingevity Corp.(a)

    4,314       287,226  

Innospec Inc.

     4,422       363,886  

Livent Corp.(a)

    14,963       226,989  

Minerals Technologies Inc.

     8,953       543,178  

Orion Engineered Carbons SA

     15,303       238,115  

Quaker Chemical Corp.

     1,144       282,568  

Scotts Miracle-Gro Co. (The)

     4,549       799,578  

Sensient Technologies Corp.

     3,569       255,969  

Stepan Co.

     3,275       380,424  

Trinseo SA

     8,539       324,397  

Tronox Holdings PLC, Class A(a)

    18,356       232,203  

Valvoline Inc.

     23,665       539,325  

WR Grace & Co.

     4,836       264,626  
   

 

 

  
        6,839,578  
Commercial Services & Supplies — 2.1%            

ABM Industries Inc.

     8,576       330,176  

ACCO Brands Corp.

     30,381       232,718  

ADT Inc.

     27,683       215,097  

Brady Corp., Class A, NVS

     8,204       362,453  

Brink’s Co. (The)

     4,128       276,989  

Cimpress PLC(a)

    2,433       218,070  

Clean Harbors Inc.(a)

    5,342       386,601  

Covanta Holding Corp.

     29,578       366,767  

Deluxe Corp.

     7,974       205,251  

Healthcare Services Group Inc.

     12,552       297,106  

Herman Miller Inc.

     11,682       416,346  

HNI Corp.

     7,564       275,783  

IAA Inc.(a)

    17,441       1,045,065  

KAR Auction Services Inc.

     24,482       441,900  

Knoll Inc.

     16,738       228,641  

Matthews International Corp., Class A

     12,968       346,635  

McGrath RentCorp

     5,645       359,248  

MSA Safety Inc.

     5,029       751,534  

Pitney Bowes Inc.

     36,549       208,329  

SP Plus Corp.(a)

    7,382       209,944  

Steelcase Inc., Class A

     22,714       275,975  

Stericycle Inc.(a)

    3,906       275,139  

Tetra Tech Inc.

     8,188       976,419  

UniFirst Corp./MA

     2,373       438,720  

Viad Corp.

     7,526       225,554  
   

 

 

  
      9,366,460  
Communications Equipment — 1.0%            

ADTRAN Inc.

     20,907       264,160  

Calix Inc.(a)

    8,951       211,960  

Ciena Corp.(a)

    21,145       947,296  

CommScope Holding Co. Inc.(a)

    27,771       329,086  

Harmonic Inc.(a)

    34,114       222,764  

Infinera Corp.(a)(b)

    31,039       262,590  

InterDigital Inc.

     3,617       216,694  

Lumentum Holdings Inc.(a)

    10,008       864,491  

NETGEAR Inc.(a)

    6,932       220,507  

Plantronics Inc.

     10,105       276,069  

Ribbon Communications Inc.(a)

    40,388       277,062  

ViaSat Inc.(a)(b)

    5,998       203,932  
   

 

 

  
      4,296,611  
Construction & Engineering — 1.8%            

AECOM(a)

    24,008       1,245,775  

Aegion Corp.(a)

    14,052       240,992  
Security   Shares     Value  

Construction & Engineering (continued)

    

Arcosa Inc.

     6,648     $ 344,965  

Argan Inc.

     4,768       219,280  

Comfort Systems USA Inc.

     9,478       477,596  

Dycom Industries Inc.(a)

    3,622       227,679  

EMCOR Group Inc.

     11,552       995,551  

Fluor Corp.

     17,822       307,786  

Granite Construction Inc.

     10,720       263,926  

Great Lakes Dredge & Dock Corp.(a)

    21,588       243,729  

IES Holdings Inc.(a)

    5,702       210,290  

MasTec Inc.(a)

    6,876       389,938  

MYR Group Inc.(a)

    5,504       281,419  

Primoris Services Corp.

     9,197       223,027  

Quanta Services Inc.(b)

    20,303       1,387,507  

Valmont Industries Inc.

     3,257       530,826  

WillScot Mobile Mini Holdings Corp.(a)

    26,805       576,576  
   

 

 

  
      8,166,862  
Construction Materials — 0.1%            

Summit Materials Inc., Class A(a)

    17,092       324,748  

U.S. Concrete Inc.(a)

    5,842       207,274  
   

 

 

  
      532,022  
Consumer Finance — 0.5%            

Credit Acceptance Corp.(a)(b)

    766       228,636  

Encore Capital Group Inc.(a)

    6,425       219,349  

Green Dot Corp., Class A(a)

    6,189       331,483  

LendingTree Inc.(a)

    943       241,012  

OneMain Holdings Inc.

     8,851       345,100  

PRA Group Inc.(a)

    10,101       420,505  

SLM Corp.

     33,792       358,533  
   

 

 

  
        2,144,618  
Containers & Packaging — 0.8%            

AptarGroup Inc.

     9,957       1,257,768  

Berry Global Group Inc.(a)

    10,841       574,573  

Graphic Packaging Holding Co.

     18,163       278,257  

Greif Inc., Class A, NVS

     6,257       304,153  

Myers Industries Inc.

     12,644       214,822  

O-I Glass Inc.

     19,451       220,185  

Sonoco Products Co.

     10,238       594,418  
   

 

 

  
      3,444,176  
Diversified Consumer Services — 1.5%            

American Public Education Inc.(a)

    7,044       218,646  

Bright Horizons Family Solutions Inc.(a)

    8,598       1,462,606  

Chegg Inc.(a)(b)

    13,117       1,022,208  

frontdoor Inc.(a)

    10,007       473,731  

Graham Holdings Co., Class B

     514       229,768  

Grand Canyon Education Inc.(a)

    4,708       392,977  

H&R Block Inc.

     22,083       415,160  

Laureate Education Inc., Class A(a)

    16,030       227,626  

Service Corp. International

     16,550       804,992  

Strategic Education Inc.

     2,887       271,060  

Terminix Global Holdings Inc.(a)

    17,783       871,901  

WW International Inc.(a)(b)

    8,430       248,769  
   

 

 

  
      6,639,444  
Diversified Financial Services — 0.2%            

Cannae Holdings Inc.(a)

    5,466       215,470  

Jefferies Financial Group Inc.

     12,566       285,625  

Prog Holdings Inc.

     9,054       569,768  
   

 

 

  
      1,070,863  
 

 

 

3

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® ESG Aware MSCI USA Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Diversified Telecommunication Services — 0.6%

 

  

Bandwidth Inc., Class A(a)

    2,781     $ 422,100  

Cincinnati Bell Inc.(a)

    12,879       195,890  

Cogent Communications Holdings Inc.

     5,387       313,200  

GCI Liberty Inc., Class A(a)

    7,340       668,821  

Iridium Communications Inc.(a)

    12,727       408,409  

Liberty Latin America Ltd., Class C, NVS(a)

    22,898       258,976  

Vonage Holdings Corp.(a)

    20,888       268,620  
   

 

 

  
      2,536,016  
Electric Utilities — 0.2%            

Hawaiian Electric Industries Inc.

     21,431       767,873  
   

 

 

  
Electrical Equipment — 1.3%            

Acuity Brands Inc.

     6,818       809,433  

Atkore International Group Inc.(a)

    7,069       275,550  

Bloom Energy Corp., Class A(a)(b)

    13,419       329,034  

EnerSys

     6,217       508,613  

Hubbell Inc.

     6,992       1,129,837  

Plug Power Inc.(a)

    52,709       1,390,991  

Regal Beloit Corp.

     4,229       503,420  

TPI Composites Inc.(a)

    5,528       222,391  

Vertiv Holdings Co.(a)

    26,733       500,174  
   

 

 

  
      5,669,443  
Electronic Equipment, Instruments & Components — 3.4%  

Avnet Inc.

     10,263       311,482  

Badger Meter Inc.

     11,858       977,574  

Benchmark Electronics Inc.

     13,387       325,572  

Coherent Inc.(a)

    4,503       548,375  

CTS Corp.

     8,067       245,721  

Dolby Laboratories Inc., Class A

     10,915       965,432  

ePlus Inc.(a)

    3,865       325,858  

Fabrinet(a)

    5,887       402,141  

FARO Technologies Inc.(a)

    4,774       315,657  

Fitbit Inc., Class A(a)

    34,980       251,156  

Flex Ltd.(a)(b)

    64,564       1,047,874  

FLIR Systems Inc.

     18,160       694,438  

II-VI Inc.(a)(b)

    10,879       735,964  

Insight Enterprises Inc.(a)

    6,733       481,275  

Itron Inc.(a)

    7,674       603,253  

Jabil Inc.

     9,544       364,772  

Kimball Electronics Inc.(a)

    15,288       235,588  

Knowles Corp.(a)

    13,714       232,864  

Littelfuse Inc.

     2,678       644,139  

Methode Electronics Inc.

     12,685       444,229  

MTS Systems Corp.

     6,434       225,383  

National Instruments Corp.

     27,165       1,016,786  

Novanta Inc.(a)

    5,660       679,087  

OSI Systems Inc.(a)

    4,973       438,121  

Plexus Corp.(a)

    7,821       584,307  

Rogers Corp.(a)

    2,702       396,951  

SYNNEX Corp.

     4,883       782,794  

Vishay Intertechnology Inc.

     13,597       263,238  

Vishay Precision Group Inc.(a)

    9,158       267,871  

Vontier Corp.(a)

    16,737       555,166  
   

 

 

  
        15,363,068  
Energy Equipment & Services — 0.7%            

Archrock Inc.

     34,694       269,572  

Cactus Inc., Class A

     9,142       212,095  

ChampionX Corp.(a)

    26,666       316,792  

Core Laboratories NV(b)

    10,061       221,040  
Security   Shares     Value  

Energy Equipment & Services (continued)

    

Dril-Quip Inc.(a)

    7,385     $ 209,882  

Helmerich & Payne Inc.

     11,368       258,849  

National Oilwell Varco Inc.

     49,843       611,075  

Oceaneering International Inc.(a)

    35,900       217,913  

TechnipFMC PLC

     72,279       600,639  
   

 

 

  
      2,917,857  
Entertainment — 0.5%            

Cinemark Holdings Inc.

     17,246       266,451  

IMAX Corp.(a)(b)

    20,621       305,810  

Lions Gate Entertainment Corp., Class A(a)

    24,403       237,685  

Madison Square Garden Sports Corp.(a)

    1,283       217,340  

World Wrestling Entertainment Inc., Class A

     5,720       246,189  

Zynga Inc., Class A(a)

    105,337       869,030  
   

 

 

  
        2,142,505  
Equity Real Estate Investment Trusts (REITs) — 7.6%  

Agree Realty Corp.

     5,362       353,356  

Alexander & Baldwin Inc.

     28,818       451,002  

American Assets Trust Inc.

     8,134       233,364  

American Campus Communities Inc.

     27,581       1,097,724  

American Homes 4 Rent, Class A(b)

    25,179       723,141  

Americold Realty Trust

     21,271       725,979  

Apartment Investment & Management Co., Class A

     15,110       458,588  

Apple Hospitality REIT Inc.

     21,906       290,474  

Armada Hoffler Properties Inc.

     23,064       244,709  

Brandywine Realty Trust

     55,828       621,366  

Brixmor Property Group Inc.

     40,324       615,747  

CareTrust REIT Inc.

     11,289       219,345  

City Office REIT Inc.

     24,535       215,172  

Colony Capital Inc.

     74,252       320,769  

Columbia Property Trust Inc.

     27,652       386,575  

Community Healthcare Trust Inc.

     4,420       199,607  

CoreSite Realty Corp.

     6,363       797,857  

Corporate Office Properties Trust

     25,051       667,108  

Cousins Properties Inc.

     14,121       471,783  

CubeSmart

     18,714       608,766  

CyrusOne Inc.

     14,124       987,409  

DiamondRock Hospitality Co.

     38,506       289,565  

Douglas Emmett Inc.

     34,343       1,063,603  

Easterly Government Properties Inc.

     21,272       460,752  

Empire State Realty Trust Inc., Class A

     25,435       230,187  

EPR Properties

     8,617       310,384  

Essential Properties Realty Trust Inc.

     18,205       373,931  

Federal Realty Investment Trust

     10,290       897,494  

First Industrial Realty Trust Inc.

     15,733       658,898  

Four Corners Property Trust Inc.

     12,409       347,576  

Franklin Street Properties Corp.

     45,031       208,944  

Gaming and Leisure Properties Inc.

     21,926       910,806  

Healthcare Trust of America Inc., Class A

     17,190       447,456  

Hudson Pacific Properties Inc.

     15,540       404,040  

Independence Realty Trust Inc.

     18,768       241,732  

Innovative Industrial Properties Inc.

     2,455       377,235  

Investors Real Estate Trust

     2,975       206,465  

iStar Inc.

     16,647       234,723  

JBG SMITH Properties

     19,093       586,919  

Kilroy Realty Corp.

     22,014       1,346,376  

Kimco Realty Corp.

     55,848       806,445  

Lamar Advertising Co., Class A

     7,549       600,976  

Life Storage Inc.

     8,074       885,879  

Macerich Co. (The)(b)

    27,488       274,880  
 

 

 

4

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® ESG Aware MSCI USA Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Equity Real Estate Investment Trusts (REITs) (continued)

 

National Health Investors Inc.

     3,391     $ 219,262  

National Retail Properties Inc.

     12,642       476,603  

National Storage Affiliates Trust

     6,463       219,613  

Outfront Media Inc.

     22,450       425,203  

Paramount Group Inc.

     23,008       212,824  

Park Hotels & Resorts Inc.

     33,101       540,208  

Pebblebrook Hotel Trust

     14,535       268,898  

Physicians Realty Trust

     21,444       372,053  

Piedmont Office Realty Trust Inc., Class A

     26,408       412,757  

PotlatchDeltic Corp.

     6,328       294,505  

QTS Realty Trust Inc., Class A

     7,765       461,319  

Rayonier Inc.

     13,094       368,858  

Retail Properties of America Inc., Class A

     27,223       220,506  

Rexford Industrial Realty Inc.

     15,887       761,305  

RLJ Lodging Trust

     24,037       296,376  

Ryman Hospitality Properties Inc.

     6,226       399,647  

Sabra Health Care REIT Inc.

     24,024       395,916  

Service Properties Trust

     18,610       220,715  

SITE Centers Corp.

     24,572       247,931  

SL Green Realty Corp.

     11,318       655,312  

Spirit Realty Capital Inc.

     7,616       280,573  

STAG Industrial Inc.

     10,145       302,118  

STORE Capital Corp.

     26,486       862,384  

Sunstone Hotel Investors Inc.

     31,881       334,751  

Taubman Centers Inc.

     5,074       216,761  

Terreno Realty Corp.

     3,717       215,363  

Uniti Group Inc.

     31,298       321,743  

Washington REIT

     19,001       441,013  

Weingarten Realty Investors

     10,167       212,592  

Xenia Hotels & Resorts Inc.

     17,666       248,914  
   

 

 

  
        33,761,130  
Food & Staples Retailing — 1.0%            

BJ’s Wholesale Club Holdings Inc.(a)

    16,210       664,448  

Casey’s General Stores Inc.

     3,756       682,390  

Grocery Outlet Holding Corp.(a)

    7,895       304,905  

Performance Food Group Co.(a)

    16,386       710,825  

PriceSmart Inc.

     5,315       432,003  

SpartanNash Co.

     11,994       226,447  

Sprouts Farmers Market Inc.(a)

    16,820       356,079  

U.S. Foods Holding Corp.(a)

    27,146       854,556  

United Natural Foods Inc.(a)

    13,230       228,217  
   

 

 

  
      4,459,870  
Food Products — 1.6%            

B&G Foods Inc.

     8,272       229,052  

Beyond Meat Inc.(a)(b)

    3,110       435,089  

Cal-Maine Foods Inc.(a)

    5,575       218,150  

Darling Ingredients Inc.(a)

    21,092       1,018,322  

Flowers Foods Inc.

     27,100       601,349  

Fresh Del Monte Produce Inc.

     8,717       221,325  

Freshpet Inc.(a)

    6,488       888,077  

Hain Celestial Group Inc. (The)(a)

    11,438       440,363  

Hostess Brands Inc.(a)

    16,216       219,727  

Ingredion Inc.

     12,610       972,861  

Lancaster Colony Corp.

     1,217       206,075  

Post Holdings Inc.(a)

    6,614       624,758  

Sanderson Farms Inc.

     1,820       248,848  

Simply Good Foods Co. (The)(a)

    12,459       270,859  

TreeHouse Foods Inc.(a)

    8,402       345,574  
   

 

 

  
      6,940,429  
Security   Shares     Value  

Gas Utilities — 0.9%

    

Chesapeake Utilities Corp.

     2,681     $ 278,851  

National Fuel Gas Co.

     10,949       450,770  

New Jersey Resources Corp.

     16,767       553,814  

Northwest Natural Holding Co.

     6,467       309,899  

ONE Gas Inc.

     11,183       885,470  

South Jersey Industries Inc.

     26,120       601,282  

Southwest Gas Holdings Inc.

     9,227       592,835  

Spire Inc.

     4,710       301,251  
   

 

 

  
      3,974,172  
Health Care Equipment & Supplies — 3.3%            

AngioDynamics Inc.(a)

    17,887       254,353  

Antares Pharma Inc.(a)

    73,346       228,839  

AtriCure Inc.(a)

    6,052       263,141  

Atrion Corp.

     371       222,600  

Avanos Medical Inc.(a)

    5,187       219,877  

Axonics Modulation Technologies Inc.(a)(b)

    4,690       205,844  

Cantel Medical Corp.

     4,197       249,428  

Cardiovascular Systems Inc.(a)

    6,534       225,162  

Cerus Corp.(a)

    34,330       228,294  

CONMED Corp.

     3,132       319,119  

CryoPort Inc.(a)

    4,929       239,796  

Envista Holdings Corp.(a)

    18,475       549,262  

GenMark Diagnostics Inc.(a)

    15,553       207,944  

Glaukos Corp.(a)

    5,172       349,007  

Globus Medical Inc., Class A(a)

    8,553       513,864  

Haemonetics Corp.(a)

    6,516       735,331  

Heska Corp.(a)

    2,164       270,500  

Hill-Rom Holdings Inc.

     8,293       786,674  

ICU Medical Inc.(a)

    1,616       304,939  

Inogen Inc.(a)(b)

    6,522       228,727  

Integer Holdings Corp.(a)

    3,104       223,767  

iRhythm Technologies Inc.(a)(b)

    3,491       853,584  

LeMaitre Vascular Inc.

     5,710       224,917  

LivaNova PLC(a)

    5,082       268,584  

Meridian Bioscience Inc.(a)

    11,728       221,659  

Merit Medical Systems Inc.(a)

    7,912       435,714  

Natus Medical Inc.(a)

    10,451       218,635  

Neogen Corp.(a)

    3,462       256,950  

Nevro Corp.(a)

    3,323       535,834  

NuVasive Inc.(a)

    4,601       213,118  

OraSure Technologies Inc.(a)

    17,857       214,284  

Orthofix Medical Inc.(a)

    6,625       243,535  

OrthoPediatrics Corp.(a)

    4,839       221,433  

Penumbra Inc.(a)

    4,159       922,882  

Quidel Corp.(a)(b)

    4,548       887,087  

Shockwave Medical Inc.(a)

    4,532       443,366  

SI-BONE Inc.(a)

    9,664       223,818  

Silk Road Medical Inc.(a)

    3,821       218,943  

STAAR Surgical Co.(a)

    4,458       317,722  

Tandem Diabetes Care Inc.(a)

    7,670       720,060  

Vapotherm Inc.(a)

    8,545       214,992  

Varex Imaging Corp.(a)(b)

    15,333       255,754  
   

 

 

  
        14,939,339  
Health Care Providers & Services — 3.0%            

1Life Healthcare Inc.(a)

    8,225       270,356  

Acadia Healthcare Co. Inc.(a)

    7,994       339,345  

Addus HomeCare Corp.(a)

    2,968       294,574  

Amedisys Inc.(a)

    4,244       1,038,889  

AMN Healthcare Services Inc.(a)

    8,071       525,906  
 

 

 

5

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® ESG Aware MSCI USA Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Health Care Providers & Services (continued)

    

BioTelemetry Inc.(a)

    7,481     $ 414,522  

Brookdale Senior Living Inc.(a)

    52,918       224,372  

Chemed Corp.

     1,452       694,419  

CorVel Corp.(a)

    2,380       213,129  

Covetrus Inc.(a)

    12,888       348,169  

Encompass Health Corp.

     15,317       1,234,244  

Ensign Group Inc. (The)

     6,607       474,845  

Guardant Health Inc.(a)

    8,003       969,323  

Hanger Inc.(a)

    10,527       238,858  

HealthEquity Inc.(a)(b)

    7,229       518,247  

LHC Group Inc.(a)

    4,208       826,115  

Magellan Health Inc.(a)

    2,727       215,569  

MEDNAX Inc.(a)(b)

    11,527       232,961  

National Research Corp.

     5,706       292,775  

Owens & Minor Inc.

     11,071       285,189  

Patterson Companies Inc.

     19,557       542,902  

Pennant Group Inc. (The)(a)

    5,003       253,602  

PetIQ Inc.(a)

    7,890       227,074  

Premier Inc., Class A

     16,975       601,255  

Providence Service Corp. (The)(a)

    2,501       339,611  

R1 RCM Inc.(a)

    22,205       450,318  

RadNet Inc.(a)

    12,503       232,806  

Select Medical Holdings Corp.(a)

    18,254       439,921  

Tenet Healthcare Corp.(a)

    8,576       269,544  

Tivity Health Inc.(a)

    13,872       255,661  

U.S. Physical Therapy Inc.

     2,677       284,351  
   

 

 

  
        13,548,852  
Health Care Technology — 0.6%            

Allscripts Healthcare Solutions Inc.(a)

    33,144       453,410  

Change Healthcare Inc.(a)

    22,815       390,821  

HMS Holdings Corp.(a)

    9,369       294,374  

Inspire Medical Systems Inc.(a)

    2,295       426,273  

Omnicell Inc.(a)

    3,345       350,723  

Schrodinger Inc.(a)

    4,021       279,781  

Simulations Plus Inc.

     3,555       198,974  

Vocera Communications Inc.(a)

    7,776       263,062  
   

 

 

  
      2,657,418  
Hotels, Restaurants & Leisure — 3.2%            

Accel Entertainment Inc.(a)

    20,328       212,224  

Boyd Gaming Corp.

     9,946       382,822  

Brinker International Inc.

     6,187       310,031  

Caesars Entertainment Inc.(a)

    21,103       1,437,536  

Cheesecake Factory Inc. (The)

     6,002       224,955  

Choice Hotels International Inc.

     2,287       227,900  

Churchill Downs Inc.

     3,815       686,395  

Cracker Barrel Old Country Store Inc.

     1,585       221,234  

Dave & Buster’s Entertainment Inc.

     8,881       224,867  

Dine Brands Global Inc.

     4,272       269,008  

Dunkin’ Brands Group Inc.

     12,276       1,305,430  

El Pollo Loco Holdings Inc.(a)

    13,291       208,270  

Everi Holdings Inc.(a)

    20,089       213,747  

Extended Stay America Inc.

     18,468       253,196  

Hilton Grand Vacations Inc.(a)

    13,779       382,229  

Jack in the Box Inc.

     3,153       290,044  

Marriott Vacations Worldwide Corp.

     4,213       536,441  

Norwegian Cruise Line Holdings Ltd.(a)

    36,538       835,624  

Papa John’s International Inc.

     2,982       239,634  

Penn National Gaming Inc.(a)

    18,434       1,290,380  

Planet Fitness Inc., Class A(a)

    10,563       770,571  
Security   Shares     Value  

Hotels, Restaurants & Leisure (continued)

    

Red Rock Resorts Inc., Class A

     9,884     $ 214,928  

Scientific Games Corp./DE, Class A(a)

    7,184       267,819  

SeaWorld Entertainment Inc.(a)

    8,190       228,501  

Shake Shack Inc., Class A(a)

    4,496       367,143  

Six Flags Entertainment Corp.

     9,433       289,876  

Texas Roadhouse Inc.

     5,480       415,384  

Wendy’s Co. (The)

     24,643       541,900  

Wingstop Inc.

     3,393       431,963  

Wyndham Destinations Inc.

     8,758       368,361  

Wyndham Hotels & Resorts Inc.

     9,584       551,080  
   

 

 

  
        14,199,493  
Household Durables — 1.6%            

Cavco Industries Inc.(a)

    1,111       199,991  

Century Communities Inc.(a)

    4,918       218,851  

GoPro Inc., Class A(a)

    27,120       189,569  

Green Brick Partners Inc.(a)

    9,276       201,938  

Helen of Troy Ltd.(a)

    3,723       752,009  

Installed Building Products Inc.(a)

    2,358       233,017  

iRobot Corp.(a)(b)

    5,517       432,698  

KB Home

     11,566       407,123  

La-Z-Boy Inc.

     7,241       268,207  

Leggett & Platt Inc.

     13,759       593,013  

LGI Homes Inc.(a)

    3,183       343,923  

MDC Holdings Inc.

     5,218       251,873  

Meritage Homes Corp.(a)

    4,520       407,478  

Skyline Champion Corp.(a)

    6,794       208,780  

Sonos Inc.(a)

    12,695       282,337  

Taylor Morrison Home Corp.(a)

    15,441       390,348  

Tempur Sealy International Inc.(a)

    15,810       398,254  

Toll Brothers Inc.

     10,191       482,544  

TopBuild Corp.(a)

    3,559       620,085  

TRI Pointe Group Inc.(a)

    11,915       208,274  
   

 

 

  
      7,090,312  
Household Products — 0.2%            

Energizer Holdings Inc.

     9,071       379,984  

Spectrum Brands Holdings Inc.

     4,716       315,171  

WD-40 Co.

     1,010       256,853  
   

 

 

  
      952,008  
Independent Power and Renewable Electricity Producers — 0.5%  

Clearway Energy Inc., Class C

     22,282       652,194  

NextEra Energy Partners LP

     12,784       811,401  

Ormat Technologies Inc.

     6,476       510,374  

Sunnova Energy International Inc.(a)

    8,932       361,835  
   

 

 

  
      2,335,804  
Industrial Conglomerates — 0.4%            

Carlisle Companies Inc.

     7,959       1,152,702  

Raven Industries Inc.

     18,148       457,693  
   

 

 

  
      1,610,395  
Insurance — 2.0%            

American Equity Investment Life Holding Co.

     9,753       256,309  

Argo Group International Holdings Ltd.

     5,786       226,753  

Assured Guaranty Ltd.

     8,996       271,049  

Axis Capital Holdings Ltd.

     9,408       471,435  

Brighthouse Financial Inc.(a)

    8,470       297,297  

CNO Financial Group Inc.

     16,895       359,526  

eHealth Inc.(a)

    2,972       225,842  

Enstar Group Ltd.(a)

    1,086       205,558  

First American Financial Corp.

     17,478       846,634  

Genworth Financial Inc., Class A(a)

    69,588       315,929  
 

 

 

6

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® ESG Aware MSCI USA Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Insurance (continued)

    

Goosehead Insurance Inc., Class A

     2,070     $ 254,838  

Hanover Insurance Group Inc. (The)

     6,643       746,341  

Horace Mann Educators Corp.

     8,040       320,957  

Kemper Corp.

     5,598       419,570  

Kinsale Capital Group Inc.

     2,106       505,777  

Old Republic International Corp.

     12,736       228,229  

Palomar Holdings Inc.(a)

    3,010       198,961  

Primerica Inc.

     4,653       606,146  

ProAssurance Corp.

     13,123       208,787  

RLI Corp.

     3,383       323,855  

Selective Insurance Group Inc.

     5,934       366,840  

Trupanion Inc.(a)

    3,973       402,783  

Unum Group

     21,320       473,944  

White Mountains Insurance Group Ltd.

     256       245,760  
   

 

 

  
      8,779,120  
Interactive Media & Services — 0.2%            

Cargurus Inc.(a)

    9,782       245,039  

Eventbrite Inc., Class A(a)

    13,141       220,375  

TripAdvisor Inc.(a)

    11,078       289,136  

Yelp Inc.(a)

    7,024       224,346  
   

 

 

  
      978,896  
Internet & Direct Marketing Retail — 0.6%            

1-800-Flowers.com Inc., Class A(a)(b)

    9,729       228,048  

Grubhub Inc.(a)

    10,269       722,321  

Magnite Inc.(a)

    17,990       341,810  

Overstock.com Inc.(a)

    4,839       326,584  

Quotient Technology Inc.(a)

    29,319       218,427  

Qurate Retail Inc., Series A

     27,137       284,124  

Stamps.com Inc.(a)

    1,852       347,176  

Stitch Fix Inc., Class A(a)(b)

    7,502       303,831  
   

 

 

  
        2,772,321  
IT Services — 2.0%            

Alliance Data Systems Corp.

     5,058       369,942  

CACI International Inc., Class A(a)

    3,139       744,853  

Conduent Inc.(a)

    55,894       235,873  

CSG Systems International Inc.

     4,687       203,322  

DXC Technology Co.

     32,304       707,781  

Euronet Worldwide Inc.(a)

    3,654       491,244  

EVERTEC Inc.

     5,961       221,570  

ExlService Holdings Inc.(a)

    4,011       333,956  

Fastly Inc., Class A(a)

    9,439       800,144  

KBR Inc.

     12,692       352,457  

LiveRamp Holdings Inc.(a)

    5,582       326,603  

MAXIMUS Inc.

     5,050       362,640  

Perficient Inc.(a)

    5,152       234,571  

Perspecta Inc.

     12,328       276,394  

Sabre Corp.

     40,861       459,686  

Science Applications International Corp.

     4,933       456,500  

Sykes Enterprises Inc.(a)

    9,436       355,077  

TTEC Holdings Inc.

     3,988       269,828  

Verra Mobility Corp.(a)

    17,740       216,428  

Virtusa Corp.(a)

    7,641       382,661  

WEX Inc.(a)

    5,763       998,382  
   

 

 

  
      8,799,912  
Leisure Products — 0.7%            

Brunswick Corp./DE

     8,120       606,077  

Callaway Golf Co.

     14,405       306,106  

Johnson Outdoors Inc., Class A

     2,911       243,359  

Malibu Boats Inc., Class A(a)

    4,120       234,799  
Security   Shares     Value  

Leisure Products (continued)

    

Mattel Inc.(a)

    40,322     $ 624,588  

Polaris Inc.

     4,626       444,096  

YETI Holdings Inc.(a)

    10,983       693,796  
   

 

 

  
      3,152,821  
Life Sciences Tools & Services — 1.6%            

Adaptive Biotechnologies Corp.(a)

    11,574       558,098  

Bio-Techne Corp.

     4,097       1,242,661  

Bruker Corp.

     11,382       576,043  

Charles River Laboratories International Inc.(a)

    3,919       919,084  

Luminex Corp.

     10,273       243,778  

Medpace Holdings Inc.(a)

    2,598       333,479  

NanoString Technologies Inc.(a)

    5,135       254,901  

NeoGenomics Inc.(a)

    13,771       655,224  

Pacific Biosciences of California Inc.(a)

    17,844       282,114  

PRA Health Sciences Inc.(a)

    6,316       708,655  

Repligen Corp.(a)

    6,431       1,219,768  

Syneos Health Inc.(a)

    5,247       345,463  
   

 

 

  
        7,339,268  
Machinery — 4.8%            

AGCO Corp.

     5,818       538,223  

Alamo Group Inc.

     1,933       262,347  

Allison Transmission Holdings Inc.

     19,048       781,920  

Altra Industrial Motion Corp.

     6,488       368,259  

Astec Industries Inc.

     5,311       308,038  

Barnes Group Inc.

     8,896       409,305  

Chart Industries Inc.(a)

    4,584       473,802  

Columbus McKinnon Corp./NY

     5,708       215,705  

Crane Co.

     3,349       232,856  

Donaldson Co. Inc.

     19,211       1,022,794  

Douglas Dynamics Inc.

     5,494       214,925  

Enerpac Tool Group Corp.

     10,106       226,273  

EnPro Industries Inc.

     3,133       221,848  

ESCO Technologies Inc.

     5,236       517,840  

Evoqua Water Technologies Corp.(a)

    11,958       311,984  

Federal Signal Corp.

     9,817       304,622  

Flowserve Corp.

     18,273       622,744  

Franklin Electric Co. Inc.

     7,646       516,793  

Graco Inc.

     17,066       1,156,051  

Helios Technologies Inc.

     4,462       219,664  

Hillenbrand Inc.

     9,788       366,756  

Hyster-Yale Materials Handling Inc.

     4,067       223,848  

ITT Inc.

     13,927       1,011,518  

John Bean Technologies Corp.

     3,585       396,358  

Kennametal Inc.

     7,423       259,731  

Lincoln Electric Holdings Inc.

     5,267       605,705  

Lindsay Corp.

     2,253       260,942  

Luxfer Holdings PLC

     14,622       219,769  

Meritor Inc.(a)

    8,985       237,204  

Middleby Corp. (The)(a)

    6,741       916,709  

Navistar International Corp.(a)

    7,585       335,712  

Oshkosh Corp.

     12,508       1,006,894  

Proto Labs Inc.(a)(b)

    3,264       450,954  

Rexnord Corp.

     11,247       421,875  

Shyft Group Inc. (The)

     8,845       229,351  

SPX Corp.(a)

    4,746       243,138  

SPX FLOW Inc.(a)

    4,115       220,482  

Tennant Co.

     4,315       289,795  

Terex Corp.

     8,973       278,163  

Timken Co. (The)

     7,401       543,529  
 

 

 

7

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® ESG Aware MSCI USA Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Machinery (continued)

    

Toro Co. (The)

     15,634     $ 1,418,160  

TriMas Corp.(a)

    7,749       207,131  

Trinity Industries Inc.

     10,339       236,246  

Wabash National Corp.

     12,498       220,965  

Watts Water Technologies Inc., Class A

     6,061       710,046  

Welbilt Inc.(a)

    23,329       220,459  

Woodward Inc.

     8,123       908,395  
   

 

 

  
        21,365,828  
Media — 0.8%            

Cardlytics Inc.(a)

    3,076       365,060  

Gray Television Inc.(a)

    13,440       237,350  

Iheartmedia Inc., Class A(a)(b)

    22,435       268,210  

John Wiley & Sons Inc., Class A

     13,326       460,280  

New York Times Co. (The), Class A

     19,222       824,816  

Nexstar Media Group Inc., Class A

     4,853       510,778  

Scholastic Corp., NVS

     8,723       206,910  

Sinclair Broadcast Group Inc., Class A

     8,820       240,433  

TEGNA Inc.

     26,823       386,520  
   

 

 

  
      3,500,357  
Metals & Mining — 1.2%            

Alcoa Corp.(a)

    24,162       480,824  

Allegheny Technologies Inc.(a)

    16,024       216,164  

Arconic Corp.(a)

    13,552       372,815  

Cleveland-Cliffs Inc.

     47,255       520,278  

Coeur Mining Inc.(a)

    29,808       211,339  

Commercial Metals Co.

     14,535       289,392  

Compass Minerals International Inc.

     5,466       341,406  

Hecla Mining Co.

     44,048       210,549  

Reliance Steel & Aluminum Co.

     9,530       1,122,634  

Royal Gold Inc.

     9,542       1,054,105  

Schnitzer Steel Industries Inc., Class A

     19,910       510,094  
   

 

 

  
      5,329,600  
Mortgage Real Estate Investment — 0.9%            

Apollo Commercial Real Estate Finance Inc.

     20,220       217,972  

Arbor Realty Trust Inc.

     16,499       219,767  

Blackstone Mortgage Trust Inc., Class A

     14,451       375,437  

Chimera Investment Corp.

     24,852       254,982  

Ellington Financial Inc.

     14,942       215,165  

Hannon Armstrong Sustainable Infrastructure Capital Inc.

     12,120       662,479  

KKR Real Estate Finance Trust Inc.

     11,948       217,812  

MFA Financial Inc.

     60,945       225,496  

New Residential Investment Corp.

     41,958       388,531  

PennyMac Mortgage Investment Trust

     11,778       201,404  

Redwood Trust Inc.

     23,947       207,142  

Starwood Property Trust Inc.

     39,042       700,413  

Two Harbors Investment Corp.

     37,118       231,616  
   

 

 

  
      4,118,216  
Multi-Utilities — 0.4%            

Avista Corp.

     20,354       763,682  

MDU Resources Group Inc.

     27,330       681,610  

Unitil Corp.

     6,544       267,519  
   

 

 

  
      1,712,811  
Multiline Retail — 0.5%            

Big Lots Inc.

     5,944       307,126  

Kohl’s Corp.

     17,432       561,310  

Macy’s Inc.

     43,355       442,655  

Nordstrom Inc.(b)

    18,866       489,007  
Security   Shares     Value  

Multiline Retail (continued)

    

Ollie’s Bargain Outlet Holdings Inc.(a)

    5,385     $ 474,203  
   

 

 

  
        2,274,301  
Oil, Gas & Consumable Fuels — 2.2%            

Antero Midstream Corp.

     38,210       257,535  

Antero Resources Corp.(a)(b)

    56,638       222,021  

Apache Corp.

     48,327       622,935  

Cimarex Energy Co.

     13,655       490,897  

Clean Energy Fuels Corp.(a)

    75,745       344,640  

CNX Resources Corp.(a)

    29,752       279,966  

Delek U.S. Holdings Inc.

     16,107       214,062  

Diamondback Energy Inc.

     17,506       699,540  

EnLink Midstream LLC

     67,159       248,488  

EQT Corp.

     32,882       489,284  

Equitrans Midstream Corp.

     39,372       321,276  

HollyFrontier Corp.

     15,414       360,533  

Kosmos Energy Ltd.

     138,194       243,221  

Marathon Oil Corp.

     112,179       664,100  

Matador Resources Co.(a)

    23,868       242,976  

Murphy Oil Corp.

     23,180       233,191  

Ovintiv Inc.

     40,486       516,601  

Parsley Energy Inc., Class A

     43,206       541,371  

PDC Energy Inc.(a)

    13,497       225,670  

Plains GP Holdings LP, Class A

     27,441       217,607  

Range Resources Corp.

     30,312       221,278  

Renewable Energy Group Inc.(a)

    5,389       312,993  

Southwestern Energy Co.(a)(b)

    82,546       256,718  

Targa Resources Corp.

     24,707       580,615  

Texas Pacific Land Trust

     506       308,620  

World Fuel Services Corp.

     10,648       302,616  

WPX Energy Inc.(a)

    41,522       295,637  
   

 

 

  
      9,714,391  
Paper & Forest Products — 0.3%            

Boise Cascade Co.

     14,692       635,429  

Domtar Corp.

     11,594       348,979  

Louisiana-Pacific Corp.

     12,378       423,699  
   

 

 

  
      1,408,107  
Personal Products — 0.4%            

Coty Inc., Class A

     40,937       294,337  

Edgewell Personal Care Co.(a)

    7,894       274,317  

Herbalife Nutrition Ltd.(a)

    10,784       516,661  

Medifast Inc.

     1,890       385,825  

Nu Skin Enterprises Inc., Class A

     5,763       296,852  
   

 

 

  
      1,767,992  
Pharmaceuticals — 0.9%            

Axsome Therapeutics Inc.(a)

    3,924       284,451  

Cara Therapeutics Inc.(a)

    13,211       193,805  

Collegium Pharmaceutical Inc.(a)

    10,687       197,603  

Corcept Therapeutics Inc.(a)

    12,967       293,573  

Endo International PLC(a)

    41,248       209,540  

Intersect ENT Inc.(a)

    11,974       229,063  

Intra-Cellular Therapies Inc.(a)

    10,711       253,208  

Nektar Therapeutics(a)

    21,103       345,878  

Pacira BioSciences Inc.(a)

    4,333       262,536  

Prestige Consumer Healthcare Inc.(a)

    5,790       205,950  

Provention Bio Inc.(a)

    14,695       220,278  

Reata Pharmaceuticals Inc., Class A(a)(b)

    3,159       482,537  

Relmada Therapeutics Inc.(a)

    6,071       215,885  

Revance Therapeutics Inc.(a)

    9,255       223,416  

Theravance Biopharma Inc.(a)

    12,052       199,943  
 

 

 

8

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® ESG Aware MSCI USA Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Pharmaceuticals (continued)

    

Zogenix Inc.(a)

    10,821     $ 231,894  
   

 

 

  
        4,049,560  
Professional Services — 1.5%            

ASGN Inc.(a)

    5,472       427,801  

CoreLogic Inc.

     8,000       620,000  

Exponent Inc.

     4,742       393,633  

FTI Consulting Inc.(a)

    5,437       570,994  

Heidrick & Struggles International Inc.

     8,569       223,651  

Huron Consulting Group Inc.(a)

    4,932       217,353  

ICF International Inc.

     4,680       338,972  

Insperity Inc.

     4,536       387,828  

Kelly Services Inc., Class A, NVS

     15,849       324,271  

Kforce Inc.

     5,279       216,703  

Korn Ferry

     10,781       431,671  

ManpowerGroup Inc.

     7,447       645,283  

Nielsen Holdings PLC

     45,923       742,575  

TriNet Group Inc.(a)

    7,089       531,675  

TrueBlue Inc.(a)

    25,043       478,321  

Upwork Inc.(a)

    9,746       318,889  
   

 

 

  
      6,869,620  
Real Estate Management & Development — 0.8%  

Cushman & Wakefield PLC(a)

    25,119       374,273  

Howard Hughes Corp. (The)(a)

    5,920       430,562  

Jones Lang LaSalle Inc.

     7,042       931,586  

Kennedy-Wilson Holdings Inc.

     23,957       382,833  

Marcus & Millichap Inc.(a)

    9,827       352,298  

Realogy Holdings Corp.(a)

    19,436       239,257  

Redfin Corp.(a)(b)

    9,444       452,273  

St. Joe Co. (The)

     7,446       245,792  

Tejon Ranch Co.(a)

    14,850       212,801  
   

 

 

  
      3,621,675  
Road & Rail — 0.7%            

ArcBest Corp.

     6,408       268,559  

Avis Budget Group Inc.(a)

    8,306       292,122  

Landstar System Inc.

     6,434       845,556  

Ryder System Inc.

     9,797       580,179  

Saia Inc.(a)

    2,468       430,765  

Schneider National Inc., Class B

     11,891       248,522  

Werner Enterprises Inc.

     8,478       339,035  
   

 

 

  
      3,004,738  
Semiconductors & Semiconductor Equipment — 3.1%  

Advanced Energy Industries Inc.(a)(b)

    4,460       430,212  

Amkor Technology Inc.(a)

    15,871       233,939  

Brooks Automation Inc.

     7,190       524,798  

Cirrus Logic Inc.(a)

    9,027       723,063  

CMC Materials Inc.

     2,440       376,443  

Cree Inc.(a)

    14,712       1,329,818  

Entegris Inc.

     15,299       1,416,993  

First Solar Inc.(a)

    10,613       991,573  

FormFactor Inc.(a)

    5,621       230,461  

Ichor Holdings Ltd.(a)

    7,871       251,085  

Inphi Corp.(a)

    5,683       881,604  

Kulicke & Soffa Industries Inc.

     13,376       407,299  

Lattice Semiconductor Corp.(a)

    14,797       619,254  

MaxLinear Inc.(a)

    7,961       248,781  

MKS Instruments Inc.

     4,056       559,647  

Onto Innovation Inc.(a)

    9,625       425,521  

Power Integrations Inc.

     7,642       545,562  

Rambus Inc.(a)

    18,617       292,659  
Security   Shares     Value  

Semiconductors & Semiconductor Equipment (continued)

 

Semtech Corp.(a)

    7,316     $ 493,611  

Silicon Laboratories Inc.(a)

    5,845       685,092  

SunPower Corp.(a)

    10,930       242,209  

Synaptics Inc.(a)

    4,073       316,757  

Ultra Clean Holdings Inc.(a)

    7,664       242,489  

Universal Display Corp.

     5,015       1,148,636  

Veeco Instruments Inc.(a)

    13,784       229,090  
   

 

 

  
        13,846,596  
Software — 6.5%            

2U Inc.(a)(b)

    8,343       269,562  

8x8 Inc.(a)

    14,069       278,144  

ACI Worldwide Inc.(a)

    22,638       737,546  

Alarm.com Holdings Inc.(a)

    3,568       270,847  

Altair Engineering Inc., Class A(a)

    5,520       297,528  

Alteryx Inc., Class A(a)

    6,191       741,929  

Anaplan Inc.(a)

    13,093       916,379  

Appian Corp.(a)(b)

    3,710       519,400  

Aspen Technology Inc.(a)

    8,245       1,108,540  

Avaya Holdings Corp.(a)

    14,980       278,778  

Bill.Com Holdings Inc.(a)

    6,297       772,705  

Blackbaud Inc.

     8,137       448,267  

Blackline Inc.(a)

    7,579       931,459  

Bottomline Technologies DE Inc.(a)

    5,159       235,457  

Box Inc., Class A(a)

    19,769       369,483  

CDK Global Inc.

     14,562       697,520  

Cerence Inc.(a)

    4,582       415,816  

Cloudera Inc.(a)

    22,723       265,405  

CommVault Systems Inc.(a)

    4,884       233,260  

Cornerstone OnDemand Inc.(a)

    5,151       227,417  

Digital Turbine Inc.(a)

    7,459       335,506  

Elastic NV(a)

    7,353       910,301  

Envestnet Inc.(a)

    6,622       531,482  

Everbridge Inc.(a)(b)

    4,146       526,293  

FireEye Inc.(a)

    23,137       347,749  

Five9 Inc.(a)

    8,200       1,272,640  

LivePerson Inc.(a)

    7,080       413,614  

Manhattan Associates Inc.(a)

    7,161       732,141  

Medallia Inc.(a)(b)

    8,974       314,000  

MicroStrategy Inc., Class A(a)

    1,019       349,283  

Mimecast Ltd.(a)

    9,942       447,191  

MobileIron Inc.(a)

    34,653       243,957  

Model N Inc.(a)

    6,746       232,467  

New Relic Inc.(a)

    8,405       502,031  

Nuance Communications Inc.(a)(b)

    30,993       1,336,728  

Nutanix Inc., Class A(a)

    24,500       671,055  

Paylocity Holding Corp.(a)

    5,368       1,055,349  

Pegasystems Inc.

     3,016       394,734  

Progress Software Corp.

     9,503       381,070  

Proofpoint Inc.(a)

    6,062       627,356  

PROS Holdings Inc.(a)

    6,686       286,762  

Q2 Holdings Inc.(a)

    3,615       409,832  

Qualys Inc.(a)

    4,710       447,497  

Rapid7 Inc.(a)

    8,245       617,880  

RealPage Inc.(a)(b)

    5,558       383,446  

SailPoint Technologies Holdings Inc.(a)(b)

    10,621       494,514  

Smartsheet Inc., Class A(a)

    14,696       852,809  

Sprout Social Inc., Class A(a)

    5,110       262,552  

SPS Commerce Inc.(a)

    5,198       535,758  

SVMK Inc.(a)

    15,213       323,733  

Tenable Holdings Inc.(a)

    6,004       216,204  
 

 

 

9

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® ESG Aware MSCI USA Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Software (continued)

    

Teradata Corp.(a)(b)

    30,165     $ 661,518  

Varonis Systems Inc.(a)

    3,090       372,778  

Verint Systems Inc.(a)

    3,909       222,657  

Workiva Inc.(a)

    6,228       467,038  

Xperi Holding Corp.

     11,875       226,575  

Yext Inc.(a)(b)

    13,106       249,145  

Zuora Inc., Class A(a)

    17,579       200,225  
   

 

 

  
        28,871,312  
Specialty Retail — 2.8%            

American Eagle Outfitters Inc.

     24,779       445,774  

Asbury Automotive Group Inc.(a)

    2,523       284,519  

AutoNation Inc.(a)

    6,490       397,772  

Bed Bath & Beyond Inc.

     13,448       281,870  

Boot Barn Holdings Inc.(a)

    5,462       225,362  

Five Below Inc.(a)

    6,644       1,039,122  

Floor & Decor Holdings Inc., Class A(a)

    8,761       701,669  

Foot Locker Inc.

     12,972       485,153  

GameStop Corp., Class A(a)

    18,752       310,533  

Gap Inc. (The)

     36,638       767,933  

Group 1 Automotive Inc.

     2,255       267,917  

Haverty Furniture Companies Inc.

     7,656       208,396  

Hibbett Sports Inc.(a)

    5,384       221,605  

L Brands Inc.

     26,531       1,029,668  

Lithia Motors Inc., Class A

     3,093       894,805  

MarineMax Inc.(a)

    6,705       220,192  

Monro Inc.

     5,322       250,187  

Murphy USA Inc.

     4,295       550,619  

National Vision Holdings Inc.(a)

    10,071       431,140  

ODP Corp. (The)

     7,372       211,355  

Rent-A-Center Inc./TX

     9,390       317,570  

RH(a)(b)

    1,715       777,169  

Sally Beauty Holdings Inc.(a)

    21,188       243,662  

Signet Jewelers Ltd.

     8,045       243,683  

Sleep Number Corp.(a)(b)

    4,192       290,883  

Urban Outfitters Inc.(a)

    7,713       211,182  

Williams-Sonoma Inc.

     10,601       1,160,491  

Zumiez Inc.(a)

    6,402       237,450  
   

 

 

  
      12,707,681  
Technology Hardware, Storage & Peripherals — 0.3%  

NCR Corp.(a)

    16,647       460,623  

Pure Storage Inc., Class A(a)

    24,748       452,146  

Xerox Holdings Corp.

     27,153       594,379  
   

 

 

  
      1,507,148  
Textiles, Apparel & Luxury Goods — 1.9%  

Capri Holdings Ltd.(a)

    13,852       490,084  

Carter’s Inc.

     6,667       593,296  

Columbia Sportswear Co.

     6,240       511,243  

Crocs Inc.(a)

    9,311       548,325  

Deckers Outdoor Corp.(a)

    4,190       1,066,732  

Hanesbrands Inc.

     49,982       709,744  

Kontoor Brands Inc.(a)

    7,264       302,691  

Levi Strauss & Co., Class A

     18,766       345,107  

Oxford Industries Inc.

     3,847       214,624  

PVH Corp.

     10,315       819,939  

Ralph Lauren Corp.

     5,518       473,169  

Skechers U.S.A. Inc., Class A(a)

    6,351       212,568  

Steven Madden Ltd.

     10,120       318,476  

Tapestry Inc.

     31,635       895,903  

Under Armour Inc., Class A(a)

    22,354       370,406  
Security   Shares     Value  

Textiles, Apparel & Luxury Goods (continued)

 

Under Armour Inc., Class C, NVS(a)

    23,304     $ 339,073  

Wolverine World Wide Inc.

     14,824       427,821  
   

 

 

  
      8,639,201  
Thrifts & Mortgage Finance — 1.2%            

Columbia Financial Inc.(a)

    18,845       270,803  

Essent Group Ltd.

     7,306       320,441  

Federal Agricultural Mortgage Corp., Class C, NVS

     4,110       278,247  

HomeStreet Inc.

     10,401       336,472  

Meta Financial Group Inc.

     6,369       210,814  

MGIC Investment Corp.

     55,882       668,349  

Mr Cooper Group Inc.(a)

    12,236       326,212  

New York Community Bancorp. Inc.

     64,514       625,141  

NMI Holdings Inc., Class A(a)

    9,470       207,488  

PennyMac Financial Services Inc.

     8,056       464,348  

Premier Financial Corp.

     13,417       277,866  

Provident Financial Services Inc.

     15,368       240,816  

Radian Group Inc.

     15,683       296,095  

TFS Financial Corp.

     16,266       279,775  

Washington Federal Inc.

     8,852       206,871  

WSFS Financial Corp.

     5,930       226,111  
   

 

 

  
      5,235,849  
Trading Companies & Distributors — 1.2%  

Air Lease Corp.

     10,954       400,588  

Applied Industrial Technologies Inc.

     2,837       222,506  

Beacon Roofing Supply Inc.(a)

    8,065       293,485  

BMC Stock Holdings Inc.(a)

    4,605       225,369  

GATX Corp.

     5,991       477,842  

GMS Inc.(a)

    6,923       216,205  

Herc Holdings Inc.(a)

    3,814       218,466  

MSC Industrial Direct Co. Inc., Class A

     3,183       265,207  

Rush Enterprises Inc., Class A

     6,214       238,183  

SiteOne Landscape Supply Inc.(a)(b)

    6,448       890,469  

Triton International Ltd.

     11,492       520,128  

Univar Solutions Inc.(a)

    11,448       204,919  

Watsco Inc.

     2,290       520,654  

WESCO International Inc.(a)

    8,790       573,284  
   

 

 

  
      5,267,305  
Transportation Infrastructure — 0.1%  

Macquarie Infrastructure Corp.

     12,088       391,047  
   

 

 

  
Water Utilities — 0.2%            

American States Water Co.

     6,930       511,573  

California Water Service Group

     4,548       225,035  

SJW Group

     3,700       242,720  
   

 

 

  
      979,328  
Wireless Telecommunication Services — 0.2%  

Boingo Wireless Inc.(a)

    15,250       215,787  

Shenandoah Telecommunications Co.

     6,404       284,594  

Telephone and Data Systems Inc.

     11,516       218,574  
   

 

 

  
      718,955  
   

 

 

  

Total Common Stocks — 99.9%
(Cost: $369,746,799)

         445,364,726  
   

 

 

  
Short-Term Investments            
Money Market Funds — 5.0%            

BlackRock Cash Funds: Institutional, SL Agency Shares, 0.19%(d)(e)(f)

    21,630,780       21,643,758  
 

 

 

10

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® ESG Aware MSCI USA Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Money Market Funds (continued)

    

BlackRock Cash Funds: Treasury, SL Agency Shares, 0.04%(d)(e)

    860,000     $ 860,000  
   

 

 

  
      22,503,758  
   

 

 

  

Total Short-Term Investments — 5.0%
(Cost: $22,500,452)

       22,503,758  
   

 

 

  

Total Investments in Securities — 104.9%
(Cost: $392,247,251)

       467,868,484  

Other Assets, Less Liabilities — (4.9)%

       (21,984,378 ) 
   

 

 

  

Net Assets — 100.0%

     $   445,884,106  
   

 

 

  

 

(a) 

Non-income producing security.

(b) 

All or a portion of this security is on loan.

(c) 

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

(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 affiliate(s) of the Fund during the period ended November 30, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

                   
Affiliated Issuer   Value at
08/31/20		    

Purchases

at Cost

     Proceeds
from Sales		    

Net Realized

Gain (Loss)

    

Change in

Unrealized

Appreciation

(Depreciation)

    

Value at

11/30/20

    

Shares

Held at

11/30/20

     Income    

Capital

Gain

Distributions

from

Underlying

Funds

  

BlackRock Cash Funds: Institutional, SL Agency Shares

   $ 13,849,687     $ 7,800,697 (a)    $ —     $ (2,003 )    $ (4,623 )    $ 21,643,758       21,630,780     $ 26,295 (b)    $ —  

BlackRock Cash Funds: Treasury, SL Agency Shares

     360,000       500,000 (a)       —       —       —       860,000       860,000       129       —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  
        $ (2,003 )    $ (4,623 )    $ 22,503,758       $ 26,424     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (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.

 

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 November 30, 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

    $ 445,361,649      $ —      $ 3,077      $ 445,364,726  

Money Market Funds

      22,503,758        —        —        22,503,758  
  

 

 

     

 

 

     

 

 

     

 

 

  
   $ 467,865,407      $       —      $         3,077      $ 467,868,484  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

Portfolio Abbreviations - Equity
NVS    Non-Voting Shares

 

 

11