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

Security	Shares		Value
Common Stocks
China — 43.0%
3SBio Inc.(a)		173,500	$	282,803
51job Inc., ADR(b)		3,527		248,124
58.com Inc., ADR(b)		12,599		718,521
AAC Technologies Holdings Inc.		95,500		507,917
Agile Group Holdings Ltd.		178,000		225,436
Agricultural Bank of China Ltd., Class A		447,000		237,260
Agricultural Bank of China Ltd., Class H		3,480,000		1,491,324
Air China Ltd., Class H		256,000		237,371
Alibaba Group Holding Ltd., ADR(b)		185,231		27,647,579
Alibaba Health Information Technology Ltd.(b)		458,000		434,018
Alibaba Pictures Group Ltd.(b)(c)		1,840,000		382,524
Aluminum Corp. of China Ltd., Class H(b)		566,000		203,572
Angang Steel Co. Ltd., Class A		119,700		87,878
Angang Steel Co. Ltd., Class H		67,600		30,435
Anhui Conch Cement Co. Ltd., Class A		25,300		144,323
Anhui Conch Cement Co. Ltd., Class H		152,000		887,897
ANTA Sports Products Ltd.		141,000		863,205
Autohome Inc., ADR(b)		7,685		660,142
AviChina Industry & Technology Co. Ltd., Class H		345,000		195,809
BAIC Motor Corp. Ltd., Class H(a)		242,000		149,696
Baidu Inc., ADR(b)		36,138		3,975,180
Bank of Beijing Co. Ltd., Class A		138,800		116,115
Bank of China Ltd., Class A		235,800		131,961
Bank of China Ltd., Class H		10,192,000		4,224,704
Bank of Communications Co. Ltd., Class A		260,200		223,678
Bank of Communications Co. Ltd., Class H		977,000		765,097
Bank of Jiangsu Co. Ltd., Class A		103,499		108,378
Bank of Ningbo Co. Ltd., Class A		36,900		123,476
Bank of Shanghai Co. Ltd., Class A		64,900		105,403
Baoshan Iron & Steel Co. Ltd., Class A		99,400		90,323
Baozun Inc., ADR(b)(c)		5,204		204,153
BBMG Corp., Class H		343,000		103,680
Beijing Capital Co. Ltd., Class A		244,300		120,509
Beijing Capital International Airport Co. Ltd., Class H		240,000		202,945
Beijing Enterprises Holdings Ltd.		70,500		354,274
Beijing Enterprises Water Group Ltd.		746,000		396,760
BOC Aviation Ltd.(a)		28,700		239,211
BOE Technology Group Co. Ltd., Class A		168,200		83,455
Brilliance China Automotive Holdings Ltd.		396,000		403,043
BYD Co. Ltd., Class H(c)		91,000		532,731
BYD Electronic International Co. Ltd.		95,000		125,042
CGN Power Co. Ltd., Class H(a)		1,401,000		385,963
Changjiang Securities Co. Ltd., Class A		64,800		66,827
China Agri-Industries Holdings Ltd.		346,000		104,587
China Aoyuan Group Ltd.		153,000		165,283
China Cinda Asset Management Co. Ltd., Class H		1,237,000		287,141
China CITIC Bank Corp. Ltd., Class H		1,195,000		678,237
China Coal Energy Co. Ltd., Class H		322,000		131,419
China Communications Construction Co. Ltd., Class H		607,000		539,604
China Communications Services Corp. Ltd., Class H		316,000		236,580
China Conch Venture Holdings Ltd.		215,000		697,878
China Construction Bank Corp., Class A		71,500		71,983
China Construction Bank Corp., Class H		12,458,000		9,851,299
China Eastern Airlines Corp. Ltd., Class A		114,300		98,751
China Eastern Airlines Corp. Ltd., Class H		92,000		50,573
China Education Group Holdings Ltd.		76,000		117,094
China Everbright Bank Co. Ltd., Class A		302,800		167,709
China Everbright Bank Co. Ltd., Class H		209,000		94,363

Security	Shares		Value
China (continued)
China Everbright International Ltd.		473,481	$	448,085
China Everbright Ltd.		130,000		207,919
China Evergrande Group(c)		240,000		638,221
China First Capital Group Ltd.(b)		390,000		119,379
China Fortune Land Development Co. Ltd., Class A		18,700		79,918
China Galaxy Securities Co. Ltd., Class H		488,500		262,301
China Gas Holdings Ltd.		232,400		746,948
China Hongqiao Group Ltd.		220,000		159,096
China Huarong Asset Management Co. Ltd., Class H(a)		1,359,000		230,528
China Huishan Dairy Holdings Co. Ltd.(b)(d)		20,200		52
China International Capital Corp. Ltd., Class H(a)		174,800		317,472
China International Marine Containers Group Co. Ltd., Class A		37,700		67,590
China International Travel Service Corp. Ltd., Class A		10,200		113,856
China Jinmao Holdings Group Ltd.		672,000		388,258
China Life Insurance Co. Ltd., Class H		988,000		2,293,411
China Literature Ltd.(a)(b)(c)		31,600		121,716
China Longyuan Power Group Corp. Ltd., Class H		418,000		263,897
China Medical System Holdings Ltd.		187,000		164,568
China Mengniu Dairy Co. Ltd.		360,000		1,315,469
China Merchants Bank Co. Ltd., Class A		90,400		446,058
China Merchants Bank Co. Ltd., Class H		502,831		2,420,987
China Merchants Port Holdings Co. Ltd.		178,000		311,478
China Merchants Securities Co. Ltd., Class A		43,500		96,999
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		37,200		116,539
China Minsheng Banking Corp. Ltd., Class A		284,200		250,458
China Minsheng Banking Corp. Ltd., Class H		717,160		521,368
China Mobile Ltd.		800,500		6,988,569
China Molybdenum Co. Ltd., Class A		156,800		91,142
China Molybdenum Co. Ltd., Class H		417,000		130,835
China National Building Material Co. Ltd., Class H		504,000		387,616
China National Nuclear Power Co. Ltd., Class A		141,400		112,579
China Oilfield Services Ltd., Class H		220,000		196,695
China Oriental Group Co. Ltd.		138,000		80,084
China Overseas Land & Investment Ltd.		498,000		1,727,634
China Pacific Insurance Group Co. Ltd., Class A		38,600		191,632
China Pacific Insurance Group Co. Ltd., Class H		322,000		1,190,988
China Petroleum & Chemical Corp., Class A		164,700		128,992
China Petroleum & Chemical Corp., Class H		3,260,600		2,170,808
China Power International Development Ltd.		622,000		161,042
China Railway Construction Corp. Ltd., Class A		76,399		103,582
China Railway Construction Corp. Ltd., Class H		239,000		279,525
China Railway Group Ltd., Class H		496,000		370,709
China Railway Signal & Communication Corp. Ltd., Class H(a)		230,000		151,367
China Reinsurance Group Corp., Class H		816,000		148,826
China Resources Beer Holdings Co. Ltd.		192,000		839,941
China Resources Cement Holdings Ltd.		340,000		294,877
China Resources Gas Group Ltd.		116,000		555,548
China Resources Land Ltd.		361,777		1,471,923
China Resources Pharmaceutical Group Ltd.(a)		227,000		296,469
China Resources Power Holdings Co. Ltd.		250,000		364,133
China Shenhua Energy Co. Ltd., Class H		469,000		963,057
China Southern Airlines Co. Ltd., Class H		268,000		172,274
China State Construction Engineering Corp. Ltd., Class A		197,640		159,922
China State Construction International Holdings Ltd.(c)		284,000		290,862
China Taiping Insurance Holdings Co. Ltd.		210,100		539,951
China Telecom Corp. Ltd., Class H		1,826,000		917,594
China Tower Corp. Ltd., Class H(a)		5,448,000		1,222,935

1

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

Security	Shares		Value
China (continued)
China Traditional Chinese Medicine Holdings Co. Ltd.		306,000	$	161,575
China Unicom Hong Kong Ltd.		800,000		843,818
China Vanke Co. Ltd., Class A		52,900		203,721
China Vanke Co. Ltd., Class H		176,500		624,685
China Yangtze Power Co. Ltd., Class A		68,000		173,699
China Zhongwang Holdings Ltd.		281,600		134,325
Chongqing Rural Commercial Bank Co. Ltd., Class H		306,000		156,502
CIFI Holdings Group Co. Ltd.		360,000		215,342
CITIC Ltd.		758,000		1,028,642
CITIC Securities Co. Ltd., Class A		65,200		189,304
CITIC Securities Co. Ltd., Class H		231,500		421,631
CNOOC Ltd.		2,325,000		3,789,721
COSCO SHIPPING Development Co. Ltd., Class A(b)		261,700		107,577
COSCO SHIPPING Energy Transportation Co. Ltd., Class H		174,000		90,989
COSCO SHIPPING Holdings Co. Ltd., Class H(b)		411,000		151,493
COSCO SHIPPING Ports Ltd.		226,000		219,643
Country Garden Holdings Co. Ltd.		987,828		1,335,490
Country Garden Services Holdings Co. Ltd.		155,000		317,886
CRRC Corp. Ltd., Class A		133,500		152,310
CRRC Corp. Ltd., Class H		557,750		478,038
CSPC Pharmaceutical Group Ltd.		612,000		986,625
Ctrip.com International Ltd., ADR(b)		53,241		1,840,009
Dali Foods Group Co. Ltd.(a)		288,000		206,067
Daqin Railway Co. Ltd., Class A		77,599		93,569
Datang International Power Generation Co. Ltd., Class H		420,000		104,993
Dongfeng Motor Group Co. Ltd., Class H		378,000		311,442
ENN Energy Holdings Ltd.		105,100		945,029
Far East Horizon Ltd.		293,000		312,038
Focus Media Information Technology Co. Ltd., Class A		85,700		68,727
Foshan Haitian Flavouring & Food Co. Ltd., Class A		10,451		151,041
Fosun International Ltd.		336,000		433,684
Fullshare Holdings Ltd.(b)(c)		557,500		51,906
Future Land Development Holdings Ltd.		238,000		259,535
Fuyao Glass Industry Group Co. Ltd., Class H(a)		72,000		214,883
GDS Holdings Ltd., ADR(b)		7,604		247,054
Geely Automobile Holdings Ltd.		644,000		1,056,283
Gemdale Corp., Class A		33,900		56,670
Genscript Biotech Corp.(b)		120,000		259,268
GF Securities Co. Ltd., Class H		209,200		238,535
GOME Retail Holdings Ltd.(b)(c)		1,400,000		137,490
Great Wall Motor Co. Ltd., Class H		406,500		295,521
Gree Electric Appliances Inc. of Zhuhai, Class A		14,500		109,401
Greentown Service Group Co. Ltd.		130,000		102,302
Guangdong Investment Ltd.		394,000		774,879
Guangzhou Automobile Group Co. Ltd., Class H		390,800		376,816
Guangzhou R&F Properties Co. Ltd., Class H		140,400		265,739
Guotai Junan Securities Co. Ltd., Class A		55,700		129,104
Guotai Junan Securities Co. Ltd., Class H(a)		87,800		149,832
Haier Electronics Group Co. Ltd.		166,000		423,016
Haitian International Holdings Ltd.		95,000		187,806
Haitong Securities Co. Ltd., Class A		91,000		158,817
Haitong Securities Co. Ltd., Class H		313,200		321,167
Hanergy Thin Film Power Group Ltd.(b)(d)		2,513		—
Hangzhou Hikvision Digital Technology Co. Ltd., Class A		46,800		167,674
Hengan International Group Co. Ltd.		93,500		685,698
HengTen Networks Group Ltd.(b)		3,368,000		83,335
Hua Hong Semiconductor Ltd.(a)		58,000		121,910
Huadian Power International Corp. Ltd., Class H		244,000		101,141
Huaneng Power International Inc., Class H		528,000		332,671

Security	Shares		Value
China (continued)
Huaneng Renewables Corp. Ltd., Class H		644,000	$	174,131
Huatai Securities Co. Ltd., Class A		46,800		125,756
Huatai Securities Co. Ltd., Class H(a)		188,400		298,439
Huaxia Bank Co. Ltd., Class A		110,000		118,994
Huazhu Group Ltd., ADR		17,077		522,556
Hundsun Technologies Inc., Class A		7,200		64,739
Hutchison China MediTech Ltd., ADR(b)		6,934		191,448
Iflytek Co. Ltd., Class A(b)		15,300		64,173
Industrial & Commercial Bank of China Ltd., Class A		311,200		251,809
Industrial & Commercial Bank of China Ltd., Class H		8,279,000		5,913,157
Industrial Bank Co. Ltd., Class A		99,600		252,406
Industrial Securities Co. Ltd., Class A		71,200		63,466
Inner Mongolia Yili Industrial Group Co. Ltd., Class A		30,100		130,287
Inner Mongolia Yitai Coal Co. Ltd., Class B		151,200		165,564
iQIYI Inc., ADR(b)		16,331		297,714
JD.com Inc., ADR(b)		95,912		2,470,693
Jiangsu Expressway Co. Ltd., Class H		170,000		236,769
Jiangsu Hengrui Medicine Co. Ltd., Class A		21,020		188,457
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A		7,203		118,811
Jiangxi Copper Co. Ltd., Class H		178,000		222,257
Kaisa Group Holdings Ltd.(c)		332,000		138,041
Kangmei Pharmaceutical Co. Ltd., Class A		5,900		3,566
Kingboard Holdings Ltd.		86,500		227,267
Kingboard Laminates Holdings Ltd.		161,000		137,374
Kingdee International Software Group Co. Ltd.		304,000		338,486
Kingsoft Corp. Ltd.(b)		119,000		327,834
Kunlun Energy Co. Ltd.		436,000		401,492
Kweichow Moutai Co. Ltd., Class A		5,018		644,155
KWG Group Holdings Ltd.		173,000		173,650
Lee & Man Paper Manufacturing Ltd.		177,000		115,132
Legend Holdings Corp., Class H(a)		46,300		111,726
Lenovo Group Ltd.		948,000		658,959
Li Ning Co. Ltd.(b)		253,000		418,841
Logan Property Holdings Co. Ltd.		178,000		262,895
Longfor Group Holdings Ltd.		228,500		837,872
LONGi Green Energy Technology Co. Ltd., Class A		18,900		64,961
Luxshare Precision Industry Co. Ltd., Class A		25,300		78,310
Luye Pharma Group Ltd.(a)		167,000		125,667
Luzhou Laojiao Co. Ltd., Class A		7,700		78,442
Maanshan Iron & Steel Co. Ltd., Class H		212,000		90,310
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A		25,820		49,754
Meitu Inc.(a)(b)(c)		256,000		86,525
Meituan Dianping, Class B(b)		130,600		1,008,581
Metallurgical Corp. of China Ltd., Class A		198,400		85,848
Metallurgical Corp. of China Ltd., Class H		429,000		114,356
Midea Group Co. Ltd., Class A		17,600		125,911
MMG Ltd.(b)		384,000		117,053
Momo Inc., ADR		18,850		519,695
Muyuan Foodstuff Co. Ltd., Class A		8,100		74,012
NetEase Inc., ADR		9,186		2,283,731
New China Life Insurance Co. Ltd., Class A		17,600		130,988
New China Life Insurance Co. Ltd., Class H		98,000		454,968
New Hope Liuhe Co. Ltd., Class A		24,300		72,201
New Oriental Education & Technology Group Inc., ADR(b)		18,668		1,598,914
Nexteer Automotive Group Ltd.		127,000		155,499
Nine Dragons Paper Holdings Ltd.		222,000		176,965
NIO Inc., ADR(b)(c)		85,041		259,375
Noah Holdings Ltd., ADR(b)(c)		3,818		146,039
Orient Securities Co. Ltd./China, Class A		39,700		58,693

2

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

Security	Shares		Value
China (continued)
People’s Insurance Co. Group of China Ltd. (The), Class H		1,075,000	$	422,292
PetroChina Co. Ltd., Class H		2,830,000		1,580,935
PICC Property & Casualty Co. Ltd., Class H		898,740		970,892
Pinduoduo Inc., ADR(b)		24,952		484,568
Ping An Bank Co. Ltd., Class A		84,200		147,921
Ping An Insurance Group Co. of China Ltd., Class A		49,200		560,611
Ping An Insurance Group Co. of China Ltd., Class H		719,500		7,946,981
Poly Developments and Holdings Group Co. Ltd., Class A		57,400		100,673
Postal Savings Bank of China Co. Ltd., Class H(a)		988,000		590,994
Qingdao Haier Co. Ltd., Class A		34,700		79,579
RiseSun Real Estate Development Co. Ltd., Class A		35,800		48,589
SAIC Motor Corp. Ltd., Class A		37,422		129,271
Sany Heavy Industry Co. Ltd., Class A		55,100		95,924
Seazen Holdings Co. Ltd., Class A		13,300		70,978
Semiconductor Manufacturing International Corp.(b)(c)		398,800		479,645
Shandong Weigao Group Medical Polymer Co. Ltd., Class H		260,000		226,158
Shanghai Electric Group Co. Ltd., Class H		434,000		153,329
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A		24,100		85,998
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H		56,500		166,101
Shanghai Industrial Holdings Ltd.		63,000		131,294
Shanghai International Airport Co. Ltd., Class A		6,300		62,826
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B		139,416		162,141
Shanghai Pharmaceuticals Holding Co. Ltd., Class A		48,100		127,653
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		66,700		131,689
Shanghai Pudong Development Bank Co. Ltd., Class A		134,900		216,559
Shenwan Hongyuan Group Co. Ltd., Class A		167,100		113,760
Shenzhen International Holdings Ltd.		124,000		217,934
Shenzhen Investment Ltd.		450,000		165,868
Shenzhou International Group Holdings Ltd.		98,900		1,166,156
Shimao Property Holdings Ltd.		150,500		430,930
Shui On Land Ltd.		496,000		112,604
Sihuan Pharmaceutical Holdings Group Ltd.		595,000		133,562
SINA Corp./China(b)		9,040		363,950
Sino Biopharmaceutical Ltd.		909,500		917,556
Sino-Ocean Group Holding Ltd.		422,500		168,665
Sinopec Engineering Group Co. Ltd., Class H		202,500		164,778
Sinopec Shanghai Petrochemical Co. Ltd., Class H		411,000		179,276
Sinopharm Group Co. Ltd., Class H		156,800		588,959
Sinotrans Ltd., Class H		286,000		105,054
Sinotruk Hong Kong Ltd.		97,000		183,842
SOHO China Ltd.		321,000		100,305
SSY Group Ltd.		218,000		173,220
Sun Art Retail Group Ltd.		315,000		274,802
Sunac China Holdings Ltd.		317,000		1,366,562
Suning.com Co. Ltd., Class A		59,500		93,028
Sunny Optical Technology Group Co. Ltd.		93,500		797,199
TAL Education Group, ADR(b)		46,523		1,600,856
Tencent Holdings Ltd.		744,400		30,951,196
Tencent Music Entertainment Group, ADR(b)		12,182		161,290
Tingyi Cayman Islands Holding Corp.		258,000		419,221
Tong Ren Tang Technologies Co. Ltd., Class H		82,000		105,003
Towngas China Co. Ltd.		151,000		113,820
TravelSky Technology Ltd., Class H		136,000		281,695
Tsingtao Brewery Co. Ltd., Class H		54,000		328,179
Uni-President China Holdings Ltd.		170,000		180,612
Vipshop Holdings Ltd., ADR(b)		56,466		425,754
Want Want China Holdings Ltd.(c)		651,000		464,137

Security	Shares		Value
China (continued)
Weibo Corp., ADR(b)(c)		7,147	$	296,743
Weichai Power Co. Ltd., Class H		270,200		410,785
Wuliangye Yibin Co. Ltd., Class A		16,500		240,962
WuXi AppTec Co. Ltd., Class H(a)(b)		14,500		158,768
Wuxi Biologics Cayman Inc.(a)(b)		72,500		685,188
XCMG Construction Machinery Co. Ltd., Class A		127,400		78,647
Xiaomi Corp., Class B(a)(b)(c)		449,000		548,612
Xinhu Zhongbao Co. Ltd., Class A		126,700		55,189
Xinjiang Goldwind Science & Technology Co. Ltd., Class A		35,202		58,034
Xinjiang Goldwind Science & Technology Co. Ltd., Class H		94,962		99,921
Xinyi Solar Holdings Ltd.		420,000		230,341
Yanzhou Coal Mining Co. Ltd., Class H		256,000		240,636
Yihai International Holding Ltd.		61,000		301,478
Yonghui Superstores Co. Ltd., Class A		55,600		78,591
Yuexiu Property Co. Ltd.		976,000		221,576
Yum China Holdings Inc.		46,999		1,880,430
Yunnan Baiyao Group Co. Ltd., Class A		2,100		23,532
Yuzhou Properties Co. Ltd.		192,000		87,422
YY Inc., ADR(b)		6,258		428,360
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A		4,600		71,324
Zhaojin Mining Industry Co. Ltd., Class H		174,500		160,244
Zhejiang Expressway Co. Ltd., Class H		198,000		206,825
Zhejiang Semir Garment Co. Ltd., Class A		19,900		30,654
ZhongAn Online P&C Insurance Co. Ltd., Class H(a)(b)(c)		38,700		110,564
Zhongsheng Group Holdings Ltd.		78,500		197,638
Zhuzhou CRRC Times Electric Co. Ltd., Class H		73,900		397,750
Zijin Mining Group Co. Ltd., Class H		796,000		281,220
ZTE Corp., Class H(b)		107,160		257,767
ZTO Express Cayman Inc., ADR		41,199		743,230
				211,605,512
India — 13.2%
Adani Ports & Special Economic Zone Ltd.		74,511		445,198
Ambuja Cements Ltd.		75,800		250,813
Ashok Leyland Ltd.		168,921		215,359
Asian Paints Ltd.		37,510		757,453
Aurobindo Pharma Ltd.		34,301		330,945
Avenue Supermarts Ltd.(a)(b)		16,052		304,750
Axis Bank Ltd.(b)		247,977		2,876,112
Bajaj Auto Ltd.		10,891		457,245
Bajaj Finance Ltd.		22,721		1,130,357
Bajaj Finserv Ltd.		4,983		585,447
Bharat Forge Ltd.		30,081		201,723
Bharat Petroleum Corp. Ltd.		84,308		495,205
Bharti Airtel Ltd.		233,238		1,167,340
Bharti Infratel Ltd.		45,072		173,973
Bosch Ltd.		980		249,219
Britannia Industries Ltd.		7,693		322,545
Cipla Ltd./India		44,933		360,315
Coal India Ltd.		158,502		576,547
Container Corp. of India Ltd.		27,371		208,175
Dabur India Ltd.		68,324		388,182
Divi’s Laboratories Ltd.		9,861		225,303
Dr. Reddy’s Laboratories Ltd.		14,900		572,632
Eicher Motors Ltd.		1,732		495,751
GAIL India Ltd.		101,646		526,525
Glenmark Pharmaceuticals Ltd.		18,631		145,792
Godrej Consumer Products Ltd.		45,992		454,071

3

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

Security	Shares		Value
India (continued)
Grasim Industries Ltd.		38,665	$	491,612
Havells India Ltd.		34,272		367,819
HCL Technologies Ltd.		71,159		1,115,560
Hero MotoCorp Ltd.		6,869		264,174
Hindalco Industries Ltd.		150,195		424,564
Hindustan Petroleum Corp. Ltd.		82,921		385,804
Hindustan Unilever Ltd.		84,763		2,175,289
Housing Development Finance Corp. Ltd.		213,096		6,673,922
ICICI Bank Ltd.		310,611		1,888,413
ICICI Lombard General Insurance Co. Ltd.(a)		13,757		232,240
Indiabulls Housing Finance Ltd.		36,164		408,154
Indian Oil Corp. Ltd.		240,586		571,507
Infosys Ltd.		455,625		4,823,236
InterGlobe Aviation Ltd.(a)		11,922		286,763
ITC Ltd.		444,562		1,776,876
JSW Steel Ltd.		115,410		449,940
Larsen & Toubro Ltd.		61,319		1,370,436
LIC Housing Finance Ltd.		38,509		308,663
Lupin Ltd.		28,737		307,426
Mahindra & Mahindra Financial Services Ltd.		43,685		264,305
Mahindra & Mahindra Ltd.		96,147		892,679
Marico Ltd.		61,780		329,727
Maruti Suzuki India Ltd.		13,711		1,351,569
Motherson Sumi Systems Ltd.		133,842		221,530
Nestle India Ltd.		3,034		500,568
NTPC Ltd.		305,555		584,223
Oil & Natural Gas Corp. Ltd.		323,363		797,837
Page Industries Ltd.		657		186,258
Petronet LNG Ltd.		77,581		275,019
Pidilite Industries Ltd.		17,337		320,825
Piramal Enterprises Ltd.		11,123		354,792
Power Grid Corp. of India Ltd.		226,624		615,571
REC Ltd.		93,891		194,744
Reliance Industries Ltd.		371,542		7,091,372
Shree Cement Ltd.		1,092		338,747
Shriram Transport Finance Co. Ltd.		20,152		336,670
State Bank of India(b)		231,159		1,169,208
Sun Pharmaceutical Industries Ltd.		110,106		647,527
Tata Consultancy Services Ltd.		119,125		3,754,618
Tata Motors Ltd.(b)		205,383		508,659
Tata Power Co. Ltd. (The)		150,665		148,738
Tata Steel Ltd.		47,162		330,446
Tech Mahindra Ltd.		61,670		672,836
Titan Co. Ltd.		40,321		714,963
UltraTech Cement Ltd.		12,554		857,472
United Spirits Ltd.(b)		39,490		313,948
UPL Ltd.		47,050		674,412
Vedanta Ltd.		230,208		530,338
Vodafone Idea Ltd.(b)		892,911		178,733
Wipro Ltd.		165,473		680,020
Yes Bank Ltd.		221,240		469,202
Zee Entertainment Enterprises Ltd.		67,194		344,641
				64,891,572
Indonesia — 3.0%
Adaro Energy Tbk PT		1,948,000		176,750
Astra International Tbk PT		2,619,000		1,367,073
Bank Central Asia Tbk PT		1,281,200		2,612,221
Bank Mandiri Persero Tbk PT		2,409,500		1,295,702
Bank Negara Indonesia Persero Tbk PT		954,800		561,942
Bank Rakyat Indonesia Persero Tbk PT		7,200,500		2,068,457

Security	Shares		Value
Indonesia (continued)
Bank Tabungan Negara Persero Tbk PT		615,200	$	106,467
Barito Pacific Tbk PT		664,300		153,595
Bukit Asam Tbk PT		328,400		70,409
Bumi Serpong Damai Tbk PT(b)		959,600		90,766
Charoen Pokphand Indonesia Tbk PT		992,500		340,743
Gudang Garam Tbk PT		62,400		351,840
Hanjaya Mandala Sampoerna Tbk PT		1,248,300		295,621
Indah Kiat Pulp & Paper Corp. Tbk PT		372,900		202,486
Indocement Tunggal Prakarsa Tbk PT		254,200		377,582
Indofood CBP Sukses Makmur Tbk PT		295,600		202,969
Indofood Sukses Makmur Tbk PT		584,500		270,289
Jasa Marga Persero Tbk PT		306,498		122,406
Kalbe Farma Tbk PT		2,752,200		270,930
Pabrik Kertas Tjiwi Kimia Tbk PT		155,400		111,058
Pakuwon Jati Tbk PT		2,509,100		123,939
Perusahaan Gas Negara Tbk PT		1,404,200		202,673
Semen Indonesia Persero Tbk PT		384,200		310,913
Surya Citra Media Tbk PT		868,900		100,451
Telekomunikasi Indonesia Persero Tbk PT		6,432,900		1,757,808
Unilever Indonesia Tbk PT		195,500		609,546
United Tractors Tbk PT		217,700		386,666
				14,541,302
Malaysia — 3.0%
AirAsia Group Bhd		204,400		140,965
Alliance Bank Malaysia Bhd		144,300		132,575
AMMB Holdings Bhd		216,500		228,874
Axiata Group Bhd		359,100		401,904
British American Tobacco Malaysia Bhd		18,300		131,011
CIMB Group Holdings Bhd		628,400		790,280
Dialog Group Bhd		483,278		382,886
DiGi.Com Bhd(c)		411,800		488,401
Fraser & Neave Holdings Bhd		17,700		144,455
Gamuda Bhd		227,500		189,470
Genting Bhd		271,400		413,852
Genting Malaysia Bhd		380,100		284,814
Genting Plantations Bhd		37,800		93,451
HAP Seng Consolidated Bhd		88,300		208,608
Hartalega Holdings Bhd		195,400		242,472
Hong Leong Bank Bhd		89,600		406,252
Hong Leong Financial Group Bhd		31,900		144,484
IHH Healthcare Bhd		293,000		384,560
IJM Corp. Bhd(c)		349,000		184,890
IOI Corp. Bhd		255,000		262,272
Kuala Lumpur Kepong Bhd		55,700		329,641
Malayan Banking Bhd		497,400		1,070,647
Malaysia Airports Holdings Bhd		109,300		191,448
Maxis Bhd(c)		307,400		406,394
MISC Bhd		142,700		236,670
Nestle Malaysia Bhd		7,800		273,619
Petronas Chemicals Group Bhd		317,700		630,775
Petronas Dagangan Bhd		30,200		185,647
Petronas Gas Bhd		78,300		329,979
PPB Group Bhd		79,480		356,195
Press Metal Aluminium Holdings Bhd(c)		196,000		209,541
Public Bank Bhd		400,510		2,255,587
QL Resources Bhd		60,900		99,405
RHB Bank Bhd		137,962		191,938
RHB Capital Bhd(b)(d)		28,800		—
Sime Darby Bhd		316,400		175,170
Sime Darby Plantation Bhd		270,700		301,029

4

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

Security	Shares		Value
Malaysia (continued)
Sime Darby Property Bhd		328,700	$	83,146
SP Setia Bhd Group		220,700		115,340
Telekom Malaysia Bhd(c)		154,900		133,442
Tenaga Nasional Bhd		406,100		1,230,753
Top Glove Corp. Bhd		194,900		234,875
Westports Holdings Bhd		128,000		118,516
YTL Corp. Bhd		373,108		101,502
				14,917,735
Pakistan — 0.0%
Habib Bank Ltd.		62,100		51,868
MCB Bank Ltd.		51,800		61,967
Oil & Gas Development Co. Ltd.		106,300		98,296
				212,131
Philippines — 1.6%
Aboitiz Equity Ventures Inc.		271,270		290,715
Aboitiz Power Corp.		211,800		148,209
Alliance Global Group Inc.		568,800		170,113
Ayala Corp.		34,170		602,025
Ayala Land Inc.		955,200		906,470
Bank of the Philippine Islands		117,772		182,435
BDO Unibank Inc.		256,989		679,904
DMCI Holdings Inc.		566,100		114,824
Globe Telecom Inc.		4,685		194,905
GT Capital Holdings Inc.		12,956		214,356
International Container Terminal Services Inc.		112,570		293,505
JG Summit Holdings Inc.		396,876		476,303
Jollibee Foods Corp.		60,310		332,994
Manila Electric Co.		29,370		216,780
Megaworld Corp.		1,613,500		182,505
Metro Pacific Investments Corp.		1,976,400		170,507
Metropolitan Bank & Trust Co.		167,748		230,746
PLDT Inc.		11,310		292,719
Robinsons Land Corp.		274,390		136,772
Security Bank Corp.		34,080		114,338
SM Investments Corp.		31,129		562,173
SM Prime Holdings Inc.		1,318,850		1,006,312
Universal Robina Corp.		123,270		394,664
				7,914,274
South Korea — 15.8%
Amorepacific Corp.		4,116		618,662
AMOREPACIFIC Group		4,103		223,255
BGF retail Co. Ltd.		1,138		178,216
BNK Financial Group Inc.		37,979		220,048
Celltrion Healthcare Co. Ltd.(b)		6,488		309,990
Celltrion Inc.(b)		11,434		1,824,217
Celltrion Pharm Inc.(b)		2,180		93,541
Cheil Worldwide Inc.		10,378		230,061
CJ CheilJedang Corp.		1,008		237,420
CJ Corp.		1,895		161,510
CJ ENM Co. Ltd.		1,507		242,456
CJ Logistics Corp.(b)		1,078		144,379
Daelim Industrial Co. Ltd.		3,548		308,353
Daewoo Engineering & Construction Co. Ltd.(b)		25,142		101,442
Daewoo Shipbuilding & Marine Engineering Co. Ltd.(b)		4,504		112,704
DB Insurance Co. Ltd.		6,305		325,600
Doosan Bobcat Inc.		6,113		172,985
E-MART Inc.		2,658		321,397
Fila Korea Ltd.		6,301		412,695
GS Engineering & Construction Corp.		7,037		237,245

Security	Shares		Value
South Korea (continued)
GS Holdings Corp.		6,093	$	256,327
GS Retail Co. Ltd.		4,021		114,799
Hana Financial Group Inc.		38,734		1,180,657
Hankook Tire & Technology Co. Ltd.		9,352		274,851
Hanmi Pharm Co. Ltd.		917		314,547
Hanmi Science Co. Ltd.		1,867		108,016
Hanon Systems		25,342		246,845
Hanwha Chemical Corp.		13,760		238,596
Hanwha Corp.		5,629		120,767
Hanwha Life Insurance Co. Ltd.		42,214		113,785
HDC Hyundai Development Co-Engineering & Construction, Class E		3,320		119,458
Helixmith Co. Ltd.(b)		1,909		312,262
HLB Inc.(b)		4,189		246,929
Hotel Shilla Co. Ltd.		4,271		339,270
Hyundai Department Store Co. Ltd.		1,990		141,367
Hyundai Engineering & Construction Co. Ltd.		10,117		436,656
Hyundai Glovis Co. Ltd.		2,417		329,803
Hyundai Heavy Industries Co. Ltd.(b)		5,090		502,204
Hyundai Heavy Industries Holdings Co. Ltd.		1,261		334,601
Hyundai Marine & Fire Insurance Co. Ltd.		8,574		221,388
Hyundai Mobis Co. Ltd.		8,846		1,611,875
Hyundai Motor Co.		19,328		2,182,900
Hyundai Steel Co.		10,331		353,938
Industrial Bank of Korea		31,231		363,212
Kakao Corp.		6,578		687,682
Kangwon Land Inc.		16,030		417,946
KB Financial Group Inc.		51,432		1,891,613
KCC Corp.		789		170,931
Kia Motors Corp.		34,213		1,130,474
Korea Aerospace Industries Ltd.		10,424		290,163
Korea Electric Power Corp.(b)		33,131		723,324
Korea Gas Corp.		4,135		143,400
Korea Investment Holdings Co. Ltd.		5,655		343,792
Korea Zinc Co. Ltd.		1,112		408,048
Korean Air Lines Co. Ltd.		6,345		168,095
KT&G Corp.		15,096		1,280,289
Kumho Petrochemical Co. Ltd.		2,363		190,088
LG Chem Ltd.		5,945		1,662,344
LG Corp.		12,111		745,433
LG Display Co. Ltd.(b)		30,001		430,781
LG Electronics Inc.		13,764		908,431
LG Household & Health Care Ltd.		1,211		1,299,570
LG Innotek Co. Ltd.		1,970		156,654
LG Uplus Corp.		14,168		165,962
Lotte Chemical Corp.		2,210		478,781
Lotte Corp.		3,769		133,556
Lotte Shopping Co. Ltd.		1,573		211,336
Medy-Tox Inc.		610		229,576
Meritz Securities Co. Ltd.		31,302		123,536
Mirae Asset Daewoo Co. Ltd.		55,301		346,415
NAVER Corp.		18,329		1,716,083
NCSoft Corp.		2,160		865,161
Netmarble Corp.(a)(b)		3,591		345,259
NH Investment & Securities Co. Ltd.		18,910		214,363
OCI Co. Ltd.		2,373		179,933
Orange Life Insurance Ltd.(a)		4,475		136,403
Orion Corp./Republic of Korea		3,004		216,932
Ottogi Corp.		173		103,286
Pan Ocean Co. Ltd.(b)		30,895		112,461

5

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

Security	Shares		Value
South Korea (continued)
Pearl Abyss Corp.(b)		780	$	129,487
POSCO		10,146		2,023,407
POSCO Chemical Co. Ltd.		2,953		134,892
Posco International Corp.		5,945		85,863
S-1 Corp.		2,472		199,271
Samsung Biologics Co. Ltd.(a)(b)		2,252		567,302
Samsung C&T Corp.		10,703		829,530
Samsung Card Co. Ltd.		4,305		133,029
Samsung Electro-Mechanics Co. Ltd.		7,343		586,996
Samsung Electronics Co. Ltd.		621,749		22,188,540
Samsung Engineering Co. Ltd.(b)		21,264		298,185
Samsung Fire & Marine Insurance Co. Ltd.		3,969		903,182
Samsung Heavy Industries Co. Ltd.(b)		54,406		358,625
Samsung Life Insurance Co. Ltd.		8,903		604,049
Samsung SDI Co. Ltd.		7,193		1,319,733
Samsung SDS Co. Ltd.		4,568		794,001
Samsung Securities Co. Ltd.		7,813		231,917
Shinhan Financial Group Co. Ltd.		58,307		2,176,292
Shinsegae Inc.		959		239,971
SillaJen Inc.(b)(c)		7,806		360,509
SK Holdings Co. Ltd.		4,439		862,901
SK Hynix Inc.		71,072		3,897,054
SK Innovation Co. Ltd.		7,292		1,010,312
SK Telecom Co. Ltd.		2,583		543,321
S-Oil Corp.		5,833		408,981
Woongjin Coway Co. Ltd.		6,695		450,306
Woori Financial Group Inc.		62,837		733,424
Yuhan Corp.		1,218		253,132
				77,893,542
Taiwan — 15.2%
Acer Inc.		380,062		229,029
Advantech Co. Ltd.		46,282		387,971
Airtac International Group		16,000		164,998
ASE Technology Holding Co. Ltd.		455,484		861,619
Asia Cement Corp.		283,229		404,069
Asustek Computer Inc.		91,000		624,658
AU Optronics Corp.		1,089,000		320,370
Catcher Technology Co. Ltd.		85,000		516,251
Cathay Financial Holding Co. Ltd.		971,944		1,254,419
Chailease Holding Co. Ltd.		151,105		556,860
Chang Hwa Commercial Bank Ltd.		708,585		447,173
Cheng Shin Rubber Industry Co. Ltd.		264,776		335,865
Chicony Electronics Co. Ltd.		80,518		190,773
China Airlines Ltd.		336,000		103,524
China Development Financial Holding Corp.		1,695,200		498,706
China Life Insurance Co. Ltd./Taiwan		309,298		238,731
China Steel Corp.		1,544,867		1,187,513
Chunghwa Telecom Co. Ltd.		492,000		1,750,890
Compal Electronics Inc.		503,000		312,660
CTBC Financial Holding Co. Ltd.		2,406,265		1,594,662
Delta Electronics Inc.		255,000		1,149,466
E.Sun Financial Holding Co. Ltd.		1,280,564		1,109,923
Eclat Textile Co. Ltd.		24,604		319,492
Eva Airways Corp.		325,669		155,044
Evergreen Marine Corp. Taiwan Ltd.		340,221		130,223
Far Eastern New Century Corp.		411,460		426,916
Far EasTone Telecommunications Co. Ltd.		205,000		509,055
Feng TAY Enterprise Co. Ltd.		39,064		295,336
First Financial Holding Co. Ltd.		1,267,725		906,306
Formosa Chemicals & Fibre Corp.		456,950		1,553,883

Security	Shares		Value
Taiwan (continued)
Formosa Petrochemical Corp.		160,000	$	587,109
Formosa Plastics Corp.		582,400		2,035,752
Formosa Taffeta Co. Ltd.		103,000		126,744
Foxconn Technology Co. Ltd.		123,521		240,302
Fubon Financial Holding Co. Ltd.		851,396		1,164,820
Giant Manufacturing Co. Ltd.		39,000		276,963
Globalwafers Co. Ltd.		28,000		270,146
Highwealth Construction Corp.		116,840		180,365
Hiwin Technologies Corp.		32,181		242,789
Hon Hai Precision Industry Co. Ltd.		1,622,651		3,793,243
Hotai Motor Co. Ltd.		39,000		624,247
Hua Nan Financial Holdings Co. Ltd.		988,461		655,065
Innolux Corp.		1,078,620		255,559
Inventec Corp.		345,980		260,477
Largan Precision Co. Ltd.		13,000		1,550,336
Lite-On Technology Corp.		281,032		400,935
MediaTek Inc.		197,176		1,939,794
Mega Financial Holding Co. Ltd.		1,402,542		1,375,367
Micro-Star International Co. Ltd.		97,000		253,450
Nan Ya Plastics Corp.		668,090		1,658,998
Nanya Technology Corp.		155,000		302,032
Nien Made Enterprise Co. Ltd.		23,000		167,703
Novatek Microelectronics Corp.		80,000		423,883
Pegatron Corp.		250,000		407,276
Phison Electronics Corp.		20,000		180,941
Pou Chen Corp.		270,000		306,192
Powertech Technology Inc.		103,000		242,085
President Chain Store Corp.		75,000		714,116
Quanta Computer Inc.		344,000		640,936
Realtek Semiconductor Corp.		62,140		393,136
Ruentex Development Co. Ltd.		80,439		104,071
Ruentex Industries Ltd.		50,113		109,698
Shanghai Commercial & Savings Bank Ltd. (The)		369,000		678,178
Shin Kong Financial Holding Co. Ltd.		1,399,389		388,664
SinoPac Financial Holdings Co. Ltd.		1,380,699		535,028
Standard Foods Corp.		52,987		101,574
Synnex Technology International Corp.		186,050		225,114
TaiMed Biologics Inc.(b)		25,000		109,925
Taishin Financial Holding Co. Ltd.		1,186,129		529,044
Taiwan Business Bank		551,278		225,830
Taiwan Cement Corp.		594,100		806,228
Taiwan Cooperative Financial Holding Co. Ltd.		1,142,626		742,775
Taiwan High Speed Rail Corp.		254,000		349,514
Taiwan Mobile Co. Ltd.		208,000		776,402
Taiwan Semiconductor Manufacturing Co. Ltd.		3,201,000		23,846,121
Tatung Co. Ltd.(b)		240,000		165,125
Uni-President Enterprises Corp.		627,650		1,614,170
United Microelectronics Corp.		1,534,000		625,974
Vanguard International Semiconductor Corp.		120,000		228,897
Walsin Technology Corp.		45,000		226,334
Win Semiconductors Corp.		44,000		242,879
Winbond Electronics Corp.		397,000		178,956
Wistron Corp.		396,080		281,907
WPG Holdings Ltd.		195,320		244,053
Yageo Corp.		35,151		290,215
Yuanta Financial Holding Co. Ltd.		1,288,893		723,696
Zhen Ding Technology Holding Ltd.		64,455		188,803
				74,746,321

6

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

Security	Shares		Value
Thailand — 4.0%
Advanced Info Service PCL, NVDR		158,800	$	968,430
Airports of Thailand PCL, NVDR		571,600		1,151,418
Bangkok Bank PCL, Foreign		62,800		389,926
Bangkok Dusit Medical Services PCL, NVDR		1,233,100		993,571
Bangkok Expressway & Metro PCL, NVDR		1,072,200		382,838
Banpu PCL, NVDR		560,400		263,843
Berli Jucker PCL, NVDR		175,600		248,301
BTS Group Holdings PCL, NVDR		937,900		337,848
Bumrungrad Hospital PCL, NVDR		57,800		305,917
Central Pattana PCL, NVDR		298,700		672,482
Charoen Pokphand Foods PCL, NVDR(c)		507,200		444,737
CP ALL PCL, NVDR		762,800		1,922,215
Electricity Generating PCL, NVDR		38,800		364,124
Energy Absolute PCL, NVDR		221,700		376,534
Gulf Energy Development PCL, NVDR		30,000		97,638
Home Product Center PCL, NVDR		771,249		411,853
Indorama Ventures PCL, NVDR		229,900		334,162
Intouch Holdings PCL, NVDR		274,600		501,087
IRPC PCL, NVDR		1,439,100		215,541
Kasikornbank PCL, Foreign		163,800		970,456
Kasikornbank PCL, NVDR		99,800		588,125
Krung Thai Bank PCL, NVDR		478,750		288,937
Land & Houses PCL, NVDR		430,300		144,124
Minor International PCL, NVDR		370,180		453,258
PTT Exploration & Production PCL, NVDR		186,610		740,013
PTT Global Chemical PCL, NVDR		302,700		581,058
PTT PCL, NVDR		1,493,000		2,181,886
Ratch Group PCL, NVDR		95,800		186,166
Robinson PCL, NVDR		75,100		129,329
Siam Cement PCL (The), NVDR		101,600		1,451,085
Siam Commercial Bank PCL (The), NVDR		120,800		494,308
Thai Oil PCL, NVDR		161,500		302,358
Thai Union Group PCL, NVDR		436,400		249,588
TMB Bank PCL, NVDR		1,509,500		90,148
Total Access Communication PCL, NVDR		96,200		148,947
True Corp. PCL, NVDR		1,567,605		243,704
				19,625,955
Total Common Stocks — 98.8% (Cost: $463,602,127)				486,348,344
Preferred Stocks
South Korea — 0.9%
Amorepacific Corp., Preference Shares, NVS		1,338		111,902
CJ Corp., Preference Shares(b)		284		6,439
Hyundai Motor Co.
Preference Shares, NVS		3,305		217,577
Series 2, Preference Shares, NVS		4,725		340,022
LG Chem Ltd., Preference Shares, NVS		1,074		174,957
LG Household & Health Care Ltd., Preference Shares, NVS		298		182,418

Security	Shares		Value
South Korea (continued)
Samsung Electronics Co. Ltd., Preference Shares, NVS		107,262	$	3,134,367
				4,167,682
Total Preferred Stocks — 0.9% (Cost: $3,611,098)				4,167,682
Rights
China — 0.0%
Legend Holdings Corp. (Expires 07/04/19)(b)		3,561		—
Total Rights — 0.0% (Cost: $0)				—
Warrants
Thailand — 0.0%
Minor International PCL (Expires 12/31/21)(b)		15,284		—
Total Warrants — 0.0% (Cost: $0)				—
Short-Term Investments
Money Market Funds — 0.8%
BlackRock Cash Funds: Institutional, SL Agency Shares,     2.53%(e)(f)(g)		3,576,408		3,577,839
BlackRock Cash Funds: Treasury, SL Agency Shares,     2.33%(e)(f)		376,419		376,419
				3,954,258
Total Short-Term Investments — 0.8% (Cost: $3,952,827)				3,954,258
Total Investments in Securities — 100.5% (Cost: $471,166,052)				494,470,284
Other Assets, Less Liabilities — (0.5)%				(2,406,060	)
Net Assets — 100.0%			$	492,064,224

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

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

^(e)  Affiliate of the Fund.

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

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

7

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

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		Net Activity			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		31,286,159		(27,709,751	)		3,576,408	$	3,577,839	$	149,534	(a)	$	2,440	$	(3,504	)
BlackRock Cash Funds: Treasury, SL Agency Shares		—		376,419			376,419		376,419		12,202			—		—
								$	3,954,258	$	161,736		$	2,440	$	(3,504	)

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

Fair Value Measurements

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

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

	Level 1		Level 2			Level 3		Total
Investments
Assets
Common Stocks	$	486,348,292	$	—		$	52	$	486,348,344
Preferred Stocks		4,161,243		6,439			—		4,167,682
Rights		—		0	(a)		—		0	(a)
Warrants		—		0	(a)		—		0	(a)
Money Market Funds		3,954,258		—			—		3,954,258
	$	494,463,793	$	6,439		$	52	$	494,470,284

^(a)  Rounds to less than $1.

Portfolio Abbreviations — Equity
ADR	American Depositary Receipt
NVDR	Non-Voting Depositary Receipt
NVS	Non-Voting Shares

8