| Schedule of Investments (unaudited) | iShares® International Select Dividend ETF |
| January 31, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Australia — 11.6% | ||||||||
| APA Group | 3,270,993 | $ | 22,183,371 | |||||
| AusNet Services Ltd. | 3,437,305 | 6,324,980 | ||||||
| Fortescue Metals Group Ltd. | 7,123,301 | 100,026,119 | ||||||
| JB Hi-Fi Ltd. | 1,341,414 | 43,890,206 | ||||||
| Magellan Financial Group Ltd. | 1,836,550 | 24,436,978 | ||||||
| Perpetual Ltd. | 685,117 | 16,012,457 | ||||||
| Rio Tinto PLC | 4,249,602 | 299,534,542 | ||||||
| Suncorp Group Ltd. | 1,332,952 | 10,468,863 | ||||||
| 522,877,516 | ||||||||
| Austria — 0.4% | ||||||||
| Oesterreichische Post AG | 390,948 | 16,409,597 | ||||||
| Belgium — 2.0% | ||||||||
| Ageas SA/NV | 1,083,621 | 52,159,608 | ||||||
| Proximus SADP | 1,935,460 | 39,523,212 | ||||||
| 91,682,820 | ||||||||
| Canada — 10.8% | ||||||||
| Bank of Montreal | 712,354 | 80,630,526 | ||||||
| Bank of Nova Scotia (The) | 817,931 | 58,914,969 | ||||||
| Canadian Imperial Bank of Commerce | 841,962 | 105,726,291 | ||||||
| Canadian Utilities Ltd., Class A, NVS | 1,493,901 | 43,401,458 | ||||||
| Emera Inc. | 1,356,393 | 64,269,009 | ||||||
| Great-West Lifeco Inc. | 964,464 | 30,129,305 | ||||||
| IGM Financial Inc. | 937,087 | 32,923,184 | ||||||
| Labrador Iron Ore Royalty Corp. | 756,847 | 23,310,042 | ||||||
| Manulife Financial Corp. | 742,679 | 15,465,298 | ||||||
| Power Corp. of Canada | 998,521 | 32,096,580 | ||||||
| 486,866,662 | ||||||||
| China — 0.5% | ||||||||
| BOC Aviation Ltd.(a) | 2,650,200 | 22,280,718 | ||||||
| Gemdale Properties & Investment Corp. Ltd. | 13,302,000 | 1,485,285 | ||||||
| 23,766,003 | ||||||||
| Finland — 3.0% | ||||||||
| Fortum OYJ | 1,579,736 | 42,999,989 | ||||||
| Sampo OYJ, Class A | 937,873 | 46,549,282 | ||||||
| UPM-Kymmene OYJ | 1,212,838 | 44,203,689 | ||||||
| 133,752,960 | ||||||||
| France — 5.3% | ||||||||
| Aperam SA | 626,601 | 35,308,686 | ||||||
| Bouygues SA | 1,165,918 | 41,118,496 | ||||||
| Gaztransport Et Technigaz SA | 296,780 | 27,227,134 | ||||||
| Nexity SA | 601,112 | 25,169,604 | ||||||
| Orange SA | 1,706,413 | 20,046,006 | ||||||
| TotalEnergies SE | 1,563,672 | 88,921,995 | ||||||
| 237,791,921 | ||||||||
| Hong Kong — 9.9% | ||||||||
| BOC Hong Kong Holdings Ltd. | 6,882,500 | 26,575,654 | ||||||
| CK Hutchison Holdings Ltd. | 9,722,500 | 69,100,961 | ||||||
| CK Infrastructure Holdings Ltd. | 7,738,000 | 47,684,400 | ||||||
| Hang Seng Bank Ltd. | 4,985,900 | 98,709,872 | ||||||
| Henderson Land Development Co.Ltd. | 10,984,000 | 48,035,160 | ||||||
| Hysan Development Co. Ltd. | 7,808,000 | 23,933,565 | ||||||
| Kerry Properties Ltd. | 8,119,500 | 22,936,485 | ||||||
| New World Development Co. Ltd. | 10,592,750 | 43,242,882 | ||||||
| PCCW Ltd. | 15,361,000 | 8,089,364 | ||||||
| Swire Pacific Ltd., Class A | 6,588,000 | 39,910,621 | ||||||
| Security | Shares | Value | ||||||
| Hong Kong (continued) | ||||||||
| VTech Holdings Ltd. | 2,092,700 | $ | 16,519,797 | |||||
| 444,738,761 | ||||||||
| Italy — 7.1% | ||||||||
| A2A SpA | 8,868,989 | 16,847,388 | ||||||
| Anima Holding SpA(a) | 3,203,281 | 16,201,757 | ||||||
| Azimut Holding SpA | 1,414,591 | 38,051,122 | ||||||
| Enel SpA | 6,951,318 | 53,501,498 | ||||||
| Eni SpA | 5,756,753 | 86,473,284 | ||||||
| Italgas SpA | 6,255,656 | 41,502,686 | ||||||
| Snam SpA | 9,261,401 | 51,897,921 | ||||||
| UnipolSai Assicurazioni SpA | 5,727,829 | 16,723,518 | ||||||
| 321,199,174 | ||||||||
| Japan — 4.4% | ||||||||
| Haseko Corp. | 2,418,300 | 30,706,506 | ||||||
| Idemitsu Kosan Co. Ltd. | 2,089,700 | 53,541,537 | ||||||
| MS&AD Insurance Group Holdings Inc. | 1,560,300 | 53,517,539 | ||||||
| Sojitz Corp. | 313,680 | 4,915,921 | ||||||
| Sumitomo Mitsui Financial Group Inc. | 1,599,600 | 57,619,115 | ||||||
| 200,300,618 | ||||||||
| Netherlands — 2.3% | ||||||||
| Flow Traders(a) | 466,299 | 18,085,522 | ||||||
| NN Group NV | 1,098,704 | 61,485,812 | ||||||
| SBM Offshore NV | 1,385,150 | 21,921,804 | ||||||
| 101,493,138 | ||||||||
| New Zealand — 1.4% | ||||||||
| Spark New Zealand Ltd. | 21,386,320 | 61,124,910 | ||||||
| Portugal — 0.9% | ||||||||
| EDP - Energias de Portugal SA | 7,959,533 | 40,745,729 | ||||||
| South Korea — 7.1% | ||||||||
| BNK Financial Group Inc. | 1,904,130 | 12,842,487 | ||||||
| DB Insurance Co. Ltd. | 618,492 | 30,980,292 | ||||||
| DGB Financial Group Inc. | 1,949,117 | 15,070,183 | ||||||
| Hana Financial Group Inc. | 1,741,976 | 65,634,838 | ||||||
| Industrial Bank of Korea(b) | 2,056,477 | 17,854,963 | ||||||
| KB Financial Group Inc. | 1,315,614 | 65,201,402 | ||||||
| Meritz Securities Co. Ltd. | 2,992,046 | 15,248,760 | ||||||
| Samsung Securities Co.Ltd. | 805,269 | 27,190,130 | ||||||
| Shinhan Financial Group Co. Ltd. | 1,616,820 | 51,785,393 | ||||||
| Woori Financial Group Inc. | 1,359,577 | 16,726,014 | ||||||
| 318,534,462 | ||||||||
| Spain — 9.3% | ||||||||
| ACS Actividades de Construccion y Servicios SA | 3,290,736 | 83,079,891 | ||||||
| Cia. de Distribucion Integral Logista Holdings SA | 951,656 | 19,253,921 | ||||||
| Enagas SA | 2,562,582 | 55,408,296 | ||||||
| Mapfre SA | 4,280,015 | 9,295,299 | ||||||
| Naturgy Energy Group SA | 4,360,408 | 138,060,511 | ||||||
| Red Electrica Corp. SA | 4,152,712 | 83,711,277 | ||||||
| Telefonica SA | 6,201,432 | 28,908,400 | ||||||
| 417,717,595 | ||||||||
| Sweden — 1.3% | ||||||||
| Telia Co. AB | 14,727,908 | 58,048,501 | ||||||
| Switzerland — 4.6% | ||||||||
| Swiss Prime Site AG, Registered | 162,753 | 16,092,437 | ||||||
| Swiss Re AG | 174,720 | 19,037,115 | ||||||
| Swisscom AG, Registered | 188,235 | 107,590,407 | ||||||
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| Schedule of Investments (unaudited) (continued) | iShares® International Select Dividend ETF |
| January 31, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Switzerland (continued) | ||||||||
| Zurich Insurance Group AG | 138,695 | $ | 66,338,961 | |||||
| 209,058,920 | ||||||||
| United Kingdom — 16.7% | ||||||||
| Abrdn PLC | 2,231,751 | 7,298,686 | ||||||
| BP PLC | 3,462,577 | 17,949,728 | ||||||
| British American Tobacco PLC | 5,799,028 | 247,589,358 | ||||||
| Centamin PLC | 5,721,385 | 6,895,002 | ||||||
| Drax Group PLC | 3,233,614 | 26,344,458 | ||||||
| GlaxoSmithKline PLC | 4,480,926 | 99,996,280 | ||||||
| IG Group Holdings PLC | 2,458,152 | 27,061,349 | ||||||
| Legal & General Group PLC | 2,872,663 | 11,231,991 | ||||||
| National Grid PLC | 4,165,500 | 60,953,413 | ||||||
| Phoenix Group Holdings PLC | 3,005,287 | 26,904,564 | ||||||
| Shell PLC | 2,244,537 | 57,659,268 | ||||||
| SSE PLC | 4,180,247 | 89,942,274 | ||||||
| Tesco PLC | 3,912,608 | 15,715,661 | ||||||
| United Utilities Group PLC | 3,449,010 | 49,754,976 | ||||||
| Vodafone Group PLC | 4,264,081 | 7,487,148 | ||||||
| 752,784,156 | ||||||||
| Total Common Stocks — 98.6% | ||||||||
| (Cost: $3,910,681,531) | 4,438,893,443 | |||||||
| Preferred Stocks | ||||||||
| Germany — 0.4% | ||||||||
| Schaeffler AG, Preference Shares, NVS | 2,104,988 | 15,647,377 | ||||||
| Italy — 0.1% | ||||||||
| Telecom Italia SpA/Milano, Preference Shares, NVS | 9,120,958 | 4,073,119 | ||||||
| Total Preferred Stocks — 0.5% | ||||||||
| (Cost: $22,564,322) | 19,720,496 | |||||||
| Security | Shares | Value | ||||||
| Rights | ||||||||
| Spain — 0.0% | ||||||||
| Asc Actividades De Construccio (Expires 02/02/22)(b)(c) | 3,309,067 | $ | 1,656,178 | |||||
| Total Rights — 0.0% | ||||||||
| (Cost: $1,773,738) | 1,656,178 | |||||||
| Short-Term Investments | ||||||||
| Money Market Funds — 0.0% | ||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(d)(e) | 2,260,000 | 2,260,000 | ||||||
| Total Short-Term Investments — 0.0% | ||||||||
| (Cost: $2,260,000) | 2,260,000 | |||||||
| Total Investments in Securities — 99.1% | ||||||||
| (Cost: $3,937,279,591) | 4,462,530,117 | |||||||
| Other Assets, Less Liabilities — 0.9% | 39,434,611 | |||||||
| Net Assets—100.0% | $ | 4,501,964,728 | ||||||
| (a) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
| (b) | Non-income producing security. |
| (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. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | Value
at 04/30/21 | Purchases at Cost | Proceeds from Sales | Net
Realized Gain (Loss) | Change
in Unrealized Appreciation (Depreciation) | Value
at 01/31/22 | Shares Held at 01/31/22 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares(a) | $ | — | $ | — | $ | (1,302 | )(b) | $ | 1,302 | $ | — | $ | — | — | $ | 989,236 | (c) | $ | — | |||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares | 2,930,000 | — | (670,000 | )(b) | — | — | 2,260,000 | 2,260,000 | 125 | — | ||||||||||||||||||||||||||
| $ | 1,302 | $ | — | $ | 2,260,000 | $ | 989,361 | $ | — | |||||||||||||||||||||||||||
| (a) | As of period end, the entity is no longer held. |
| (b) | Represents net amount purchased (sold). |
| (c) | 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. |
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| Schedule of Investments (unaudited) (continued) | iShares® International Select Dividend ETF |
| January 31, 2022 |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
| Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) | ||||||||||
| Long Contracts | ||||||||||||||
| SPI 200 Index | 77 | 03/17/22 | $ | 9,386 | $ | (548,925 | ) | |||||||
| Euro STOXX 50 Index | 134 | 03/18/22 | 6,298 | (124,909 | ) | |||||||||
| FTSE 100 Index | 249 | 03/18/22 | 24,957 | 504,274 | ||||||||||
| $ | (169,560 | ) | ||||||||||||
Fair Value Measurements
Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| ● | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access; |
| ● | Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and |
| ● | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Investments | ||||||||||||||||
| Assets | ||||||||||||||||
| Common Stocks | $ | 527,320,024 | $ | 3,911,573,419 | $ | — | $ | 4,438,893,443 | ||||||||
| Preferred Stocks | — | 19,720,496 | — | 19,720,496 | ||||||||||||
| Rights | — | — | 1,656,178 | 1,656,178 | ||||||||||||
| Money Market Funds | 2,260,000 | — | — | 2,260,000 | ||||||||||||
| $ | 529,580,024 | $ | 3,931,293,915 | $ | 1,656,178 | $ | 4,462,530,117 | |||||||||
| Derivative financial instruments(a) | ||||||||||||||||
| Assets | ||||||||||||||||
| Futures Contracts | $ | — | $ | 504,274 | $ | — | $ | 504,274 | ||||||||
| Liabilities | ||||||||||||||||
| Futures Contracts | — | (673,834 | ) | — | (673,834 | ) | ||||||||||
| $ | — | $ | (169,560 | ) | $ | — | $ | (169,560 | ) | |||||||
| (a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviations - Equity
| NVS | Non-Voting Shares |
3