Schedule of Investments  (unaudited) May 31, 2019 iShares^® Edge MSCI Multifactor Emerging Markets ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Argentina — 0.6%
Globant SA(a)		23,490	$	2,180,812
Brazil — 8.0%
Banco BTG Pactual SA		117,000		1,396,743
BB Seguridade Participacoes SA		468,000		3,567,627
Cia. de Saneamento Basico do Estado de Sao Paulo		234,000		2,642,842
Cia. Siderurgica Nacional SA		423,000		1,787,354
Hypera SA		252,000		1,945,493
IRB Brasil Resseguros S/A		99,000		2,576,671
Lojas Renner SA		549,000		6,176,671
M. Dias Branco SA		72,000		711,649
Magazine Luiza SA		54,000		2,703,863
Petrobras Distribuidora SA		234,000		1,527,360
Porto Seguro SA		68,000		920,703
Sul America SA		153,078		1,365,204
TIM Participacoes SA		567,000		1,593,348
				28,915,528
Chile — 0.4%
Cia. Cervecerias Unidas SA		103,590		1,406,503
China — 36.5%
51job Inc., ADR(a)(b)		16,650		1,171,328
Agile Group Holdings Ltd.		900,000		1,139,844
Alibaba Group Holding Ltd., ADR(a)		55,620		8,301,841
Angang Steel Co. Ltd., Class A		9,000		6,607
Angang Steel Co. Ltd., Class H		1,073,800		483,450
Anhui Conch Cement Co. Ltd., Class A		36,000		205,361
Anhui Conch Cement Co. Ltd., Class H		855,000		4,994,420
ANTA Sports Products Ltd.		90,000		550,982
BAIC Motor Corp. Ltd., Class H(c)		1,080,000		668,065
Beijing Capital International Airport Co. Ltd., Class H		1,080,000		913,252
Beijing Enterprises Holdings Ltd.		315,000		1,582,925
BOC Aviation Ltd.(c)		144,000		1,200,222
BYD Electronic International Co. Ltd.		495,000		651,536
China Agri-Industries Holdings Ltd.		1,710,000		516,890
China Aoyuan Group Ltd.(b)		810,000		875,028
China Cinda Asset Management Co. Ltd., Class H		5,760,000		1,337,049
China CITIC Bank Corp. Ltd., Class H		6,030,000		3,422,400
China Communications Services Corp. Ltd., Class H		1,620,000		1,212,849
China Conch Venture Holdings Ltd.		1,125,000		3,651,689
China Everbright Ltd.		630,000		1,007,608
China Longyuan Power Group Corp. Ltd., Class H		2,160,000		1,363,680
China Medical System Holdings Ltd.		990,000		871,240
China Mobile Ltd.		1,215,000		10,607,260
China Oriental Group Co. Ltd.		720,000		417,828
China Reinsurance Group Corp., Class H		3,870,000		705,831
China Resources Cement Holdings Ltd.		1,620,000		1,405,003
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A		18,000		71,526
China Telecom Corp. Ltd., Class H		9,540,000		4,794,000
China Zhongwang Holdings Ltd.		1,224,000		583,857
Chongqing Rural Commercial Bank Co. Ltd., Class H		1,620,000		828,539
COSCO SHIPPING Ports Ltd.		1,260,000		1,224,557
CSPC Pharmaceutical Group Ltd.		3,180,000		5,126,579
Daqin Railway Co. Ltd., Class A		306,000		368,975
Dongfeng Motor Group Co. Ltd., Class H		1,800,000		1,483,059
Guangzhou R&F Properties Co. Ltd., Class H		612,000		1,158,347
Haitian International Holdings Ltd.		450,000		889,606

Security	Shares		Value
China (continued)
Henan Shuanghui Investment & Development Co. Ltd., Class A		54,070	$	195,515
Hithink RoyalFlush Information Network Co. Ltd., Class A		9,000		109,677
Hua Hong Semiconductor Ltd.(c)		270,000		567,511
Huaneng Renewables Corp. Ltd., Class H		3,240,000		876,061
Hundsun Technologies Inc., Class A		18,000		161,849
Jiangsu Expressway Co. Ltd., Class H		900,000		1,253,483
Kingboard Holdings Ltd.		450,000		1,182,315
Kingboard Laminates Holdings Ltd.		720,000		614,345
Kingdee International Software Group Co. Ltd.(b)		1,530,000		1,703,567
Lee & Man Paper Manufacturing Ltd.		900,000		585,418
Li Ning Co. Ltd.(a)		1,350,000		2,234,920
Logan Property Holdings Co. Ltd.		900,000		1,329,243
Luye Pharma Group Ltd.(c)		765,000		575,661
Maanshan Iron & Steel Co. Ltd., Class A		81,000		39,722
Maanshan Iron & Steel Co. Ltd., Class H		1,260,000		536,748
New Hope Liuhe Co. Ltd., Class A		90,000		267,411
Nexteer Automotive Group Ltd.		630,000		771,374
Nine Dragons Paper Holdings Ltd.		1,080,000		860,909
Noah Holdings Ltd., ADR(a)(b)		21,060		805,545
PICC Property & Casualty Co. Ltd., Class H		4,681,000		5,056,797
Shandong Weigao Group Medical Polymer Co. Ltd., Class H		1,440,000		1,252,565
Shanghai Industrial Holdings Ltd.		360,000		750,253
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		585,000		1,154,996
Shenzhen International Holdings Ltd.		630,000		1,107,244
Shimao Property Holdings Ltd.		765,000		2,190,439
Shui On Land Ltd.		2,385,000		541,454
Sihuan Pharmaceutical Holdings Group Ltd.		2,880,000		646,485
Sino Biopharmaceutical Ltd.		4,680,000		4,721,454
Sinolink Securities Co. Ltd., Class A		63,000		83,053
Sino-Ocean Group Holding Ltd.		2,070,000		826,358
Sinopec Engineering Group Co. Ltd., Class H		990,000		805,581
Sinopec Shanghai Petrochemical Co. Ltd., Class H		2,340,000		1,020,694
Sinotruk Hong Kong Ltd.		450,000		852,874
SSY Group Ltd.		1,080,000		858,154
Sun Art Retail Group Ltd.		1,620,000		1,413,268
Tencent Holdings Ltd.		234,000		9,729,419
Tong Ren Tang Technologies Co. Ltd., Class H		360,000		460,988
Towngas China Co. Ltd.		669,000		504,275
Uni-President China Holdings Ltd.		900,000		956,183
Weichai Power Co. Ltd., Class A		170,994		288,560
Weichai Power Co. Ltd., Class H		1,260,000		1,915,580
Weifu High-Technology Group Co. Ltd., Class A		18,000		51,042
Yuexiu Property Co. Ltd.		4,500,000		1,021,612
Yum China Holdings Inc.		192,600		7,705,926
Yuzhou Properties Co. Ltd.		1,260,000		573,710
YY Inc., ADR(a)		33,210		2,273,225
Zhejiang Expressway Co. Ltd., Class H		900,000		940,113
Zhongsheng Group Holdings Ltd.(b)		405,000		1,019,661
				131,186,470
Czech Republic — 0.3%
Moneta Money Bank AS(c)		370,800		1,207,653
India — 4.2%
Divi’s Laboratories Ltd.		53,550		1,223,506
Dr. Reddy’s Laboratories Ltd.		77,580		2,981,528
Glenmark Pharmaceuticals Ltd.		94,410		738,780
Hero MotoCorp Ltd.		34,200		1,315,295
Hindustan Petroleum Corp. Ltd.		414,270		1,927,459

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Schedule of Investments  (unaudited) (continued) May 31, 2019 iShares^® Edge MSCI Multifactor Emerging Markets ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
India (continued)
Page Industries Ltd.		3,780	$	1,071,621
Petronet LNG Ltd.		378,900		1,343,171
REC Ltd.		469,170		973,128
Tech Mahindra Ltd.		321,390		3,506,450
				15,080,938
Indonesia — 1.5%
Adaro Energy Tbk PT		9,783,000		887,650
Bukit Asam Tbk PT		2,142,000		459,241
Charoen Pokphand Indonesia Tbk PT		4,977,000		1,708,692
Indah Kiat Pulp & Paper Corp. Tbk PT		1,863,000		1,011,613
Pabrik Kertas Tjiwi Kimia Tbk PT		1,044,000		746,106
Pakuwon Jati Tbk PT		11,178,000		552,145
				5,365,447
Malaysia — 1.6%
AirAsia Group Bhd		1,134,000		782,069
Alliance Bank Malaysia Bhd		630,000		578,809
AMMB Holdings Bhd		1,125,000		1,189,297
Nestle Malaysia Bhd(b)		45,000		1,578,571
PPB Group Bhd		387,020		1,734,455
				5,863,201
Mexico — 0.2%
Megacable Holdings SAB de CV, CPO		198,000		816,877
Peru — 0.5%
Credicorp Ltd.		7,110		1,591,218
Philippines — 0.8%
Alliance Global Group Inc.		2,646,000		791,350
DMCI Holdings Inc.		3,024,000		613,368
Megaworld Corp.		7,461,000		843,924
Robinsons Land Corp.		1,314,000		654,972
			2,903,614
Poland — 0.8%
Dino Polska SA(a)(c)		33,480		1,084,175
Jastrzebska Spolka Weglowa SA(a)		38,790		506,894
PGE Polska Grupa Energetyczna SA(a)		572,310		1,375,075
				2,966,144
Qatar — 1.6%
Barwa Real Estate Co.		133,830		1,313,781
Commercial Bank PQSC (The)		136,530		1,734,159
Mesaieed Petrochemical Holding Co.		7,803		55,967
Ooredoo QPSC		55,170		972,000
Qatar Fuel QSC		30,073		1,694,022
				5,769,929
Russia — 0.7%
Inter RAO UES PJSC		23,490,000		1,447,452
Magnitogorsk Iron & Steel Works PJSC		1,638,000		1,122,866
				2,570,318
Saudi Arabia — 3.9%
Advanced Petrochemical Co.		33,210		491,462
Bank Al-Jazira		134,820		524,131
Banque Saudi Fransi		183,960		1,964,509
Bupa Arabia for Cooperative Insurance Co.		9,360		219,628
Dar Al Arkan Real Estate Development Co.		179,010		482,089
Jarir Marketing Co.		19,710		877,670
Riyad Bank		408,690		2,887,806
Samba Financial Group		332,910		3,106,870
Saudi Airlines Catering Co.		13,680		304,215
Saudi British Bank (The)		75,690		779,030

Security	Shares		Value
Saudi Arabia (continued)
Saudi Cement Co.		25,200	$	425,336
Saudi Industrial Investment Group		73,800		472,276
Yanbu National Petrochemical Co.		76,410		1,295,793
				13,830,815
South Africa — 7.5%
Anglo American Platinum Ltd.		36,180		1,821,191
AngloGold Ashanti Ltd.		279,180		3,733,523
Bidvest Group Ltd. (The)		196,740		2,798,891
Capitec Bank Holdings Ltd.		30,240		2,740,368
Exxaro Resources Ltd.		171,000		1,995,499
Investec Ltd.		195,660		1,151,716
Kumba Iron Ore Ltd.		43,920		1,333,636
Liberty Holdings Ltd.		96,570		722,210
Mondi Ltd.		80,550		1,657,479
Mr. Price Group Ltd.		174,690		2,365,800
Netcare Ltd.		768,510		981,919
Old Mutual Ltd.		2,456,280		3,550,069
RMB Holdings Ltd.		170,370		963,996
Telkom SA SOC Ltd.		192,690		1,214,050
				27,030,347
South Korea — 12.7%
BNK Financial Group Inc.		185,310		1,073,674
Daelim Industrial Co. Ltd.		18,990		1,650,403
DB Insurance Co. Ltd.		33,930		1,752,200
E-MART Inc.		14,040		1,697,674
Hana Financial Group Inc.		203,760		6,210,839
Hankook Tire & Technology Co. Ltd.		50,760		1,491,813
Hyundai Department Store Co. Ltd.		9,360		664,922
Hyundai Marine & Fire Insurance Co. Ltd.		42,480		1,096,868
Kia Motors Corp.		178,740		5,905,969
Kumho Petrochemical Co. Ltd.		12,420		999,106
LG Corp.		48,690		2,996,874
LG Uplus Corp.		74,610		873,969
Orange Life Insurance Ltd.(c)		22,230		677,596
POSCO Chemical Co. Ltd.(b)		16,110		735,901
Samsung Electronics Co. Ltd.		116,910		4,172,202
SK Hynix Inc.		155,070		8,502,873
SK Telecom Co. Ltd.		13,770		2,896,452
Woongjin Coway Co. Ltd.		34,650		2,330,561
				45,729,896
Taiwan — 10.8%
Asia Cement Corp.		1,530,000		2,182,776
AU Optronics Corp.		6,030,000		1,773,950
Chicony Electronics Co. Ltd.		415,169		983,667
Far Eastern New Century Corp.		2,160,000		2,241,139
Feng TAY Enterprise Co. Ltd.		180,880		1,367,507
Inventec Corp.		1,800,000		1,355,160
Lite-On Technology Corp.		1,440,718		2,055,402
Micro-Star International Co. Ltd.		450,000		1,175,801
Nanya Technology Corp.		540,000		1,052,242
Novatek Microelectronics Corp.		360,000		1,907,473
Phison Electronics Corp.		90,000		814,235
Powertech Technology Inc.		540,000		1,269,181
Realtek Semiconductor Corp.		360,000		2,277,580
Ruentex Development Co. Ltd.		360,000		465,765
Ruentex Industries Ltd.		235,400		515,292
Synnex Technology International Corp.		900,000		1,088,968
Taiwan Business Bank		2,610,004		1,069,183
Taiwan Semiconductor Manufacturing Co. Ltd.		720,000		5,363,701

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Schedule of Investments  (unaudited) (continued) May 31, 2019 iShares^® Edge MSCI Multifactor Emerging Markets ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Taiwan (continued)
United Microelectronics Corp.		8,190,000	$	3,342,064
Win Semiconductors Corp.		234,000		1,291,673
Wistron Corp.		1,890,063		1,345,241
WPG Holdings Ltd.		1,080,160		1,349,666
Yageo Corp.		205,358		1,695,482
Zhen Ding Technology Holding Ltd.		270,000		790,890
				38,774,038
Thailand — 0.3%
Robinson PCL, NVDR		387,000		666,451
TMB Bank PCL, NVDR		7,992,000		477,285
				1,143,736
Turkey — 0.1%
Turkiye Sise ve Cam Fabrikalari AS		459,090		409,084
United Arab Emirates — 1.6%
Aldar Properties PJSC		2,656,350		1,316,206
Dubai Islamic Bank PJSC		1,033,830		1,418,558
Emaar Properties PJSC		2,359,800		2,871,772
				5,606,536
Total Common Stocks — 94.6% (Cost: $363,740,976)				340,349,104
Preferred Stocks
Brazil — 3.6%
Itausa-Investimentos Itau SA, Preference Shares, NVS		2,880,038		9,116,000
Telefonica Brasil SA, Preference Shares, NVS		297,000		3,645,731
			12,761,731

Security	Shares		Value
Russia — 0.8%
Surgutneftegas PJSC, Preference Shares, NVS		4,716,000	$	2,929,525
South Korea — 0.3%
Samsung Electronics Co. Ltd., Preference Shares, NVS		41,760		1,220,294
Total Preferred Stocks — 4.7% (Cost: $15,395,888)				16,911,550
Short-Term Investments
Money Market Funds — 0.9%
BlackRock Cash Funds: Institutional, SL Agency Shares,     2.53%(d)(e)(f)		3,352,298		3,353,639
Total Short-Term Investments — 0.9% (Cost: $3,353,325)				3,353,639
Total Investments in Securities — 100.2% (Cost: $382,490,189)				360,614,293
Other Assets, Less Liabilities — (0.2)%				(746,137	)
Net Assets — 100.0%			$	359,868,156

^(a)  Non-income producing security.

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

^(c)  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.

^(d)  Affiliate of the Fund.

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

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

Affiliates

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

Affiliated Issuer	Shares Held at 08/31/18		Shares Purchased		Shares Sold			Shares Held at 05/31/19		Value at 05/31/19		Income			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		7,667,698		—		(4,315,400	)(a)		3,352,298	$	3,353,639	$	22,755	(b)	$	104		$	(341	)
BlackRock Cash Funds: Treasury, SL Agency Shares		315,226		—		(315,226	)(a)		—		—		9,130			—			—
iShares MSCI India ETF		269,999		—		(269,999	)		—		—		—			(511,127	)		(462,793	)
										$	3,353,639	$	31,885		$	(511,023	)	$	(463,134	)

^(a)  Net of purchases and sales.

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

Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount (000)	Value/ Unrealized Appreciation (Depreciation)
Long Contracts
MSCI Emerging Markets E-Mini		37		06/21/19	$    1,850	$	(45,228	)

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Schedule of Investments  (unaudited) (continued) May 31, 2019 iShares^® Edge MSCI Multifactor Emerging Markets ETF

Fair Value Measurements

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

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

	Level 1			Level 2		Level 3		Total
Investments
Assets
Common Stocks	$	340,349,104		$	—	$	—	$	340,349,104
Preferred Stocks		16,911,550			—		—		16,911,550
Money Market Funds		3,353,639			—		—		3,353,639
	$	360,614,293		$	—	$	—	$	360,614,293
Derivative financial instruments(a)
Liabilities
Futures Contracts	$	(45,228	)	$	—	$	—	$	(45,228	)

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

Portfolio Abbreviations — Equity
ADR	American Depositary Receipt
CPO	Certificates of Participation (Ordinary)
NVDR	Non-Voting Depositary Receipt
NVS	Non-Voting Shares

4