NPORT-EX 1 NPORT_6174756522659985.htm iShares MSCI Japan Small-Cap ETF

Schedule of Investments  (unaudited)

May 31, 2019

   

iShares® MSCI Japan Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

 

Aerospace & Defense — 0.0%            

Jamco Corp.(a)

    2,000     $ 39,622  
   

 

 

  
Air Freight & Logistics — 0.3%  

Kintetsu World Express Inc.

     8,000       104,333  

Konoike Transport Co. Ltd.

     6,000       91,679  

Maruwa Unyu Kikan Co. Ltd.

     2,000       74,971  

Mitsui-Soko Holdings Co. Ltd.

     4,000       59,461  

SBS Holdings Inc.

     4,000       62,372  
   

 

 

  
      392,816  
Auto Components — 2.9%  

Aisan Industry Co. Ltd.

     6,000       37,191  

Akebono Brake Industry Co. Ltd.(b)

    7,200       6,897  

Daido Metal Co. Ltd.

     6,000       36,583  

Daikyonishikawa Corp.

     8,000       59,609  

Eagle Industry Co. Ltd.

     4,000       37,209  

Exedy Corp.

     6,000       118,093  

FCC Co. Ltd.

     6,000       120,746  

Futaba Industrial Co. Ltd.(a)

    10,000       49,459  

G-Tekt Corp.

     4,000       54,377  

Ichikoh Industries Ltd.

     6,000       31,554  

Kasai Kogyo Co. Ltd.

     4,000       27,483  

Keihin Corp.

     8,000       103,965  

KYB Corp.(b)

    4,000       103,302  

Mitsuba Corp.

     6,000       28,791  

Musashi Seimitsu Industry Co. Ltd.

     8,000       98,955  

NHK Spring Co. Ltd.

     38,000       279,291  

Nifco Inc./Japan

     16,000       401,566  

Nihon Tokushu Toryo Co. Ltd.

     2,000       21,515  

Nippon Seiki Co. Ltd.

     10,000       162,376  

Nissin Kogyo Co. Ltd.

     8,000       100,133  

NOK Corp.

     18,000       231,269  

Pacific Industrial Co. Ltd.

     8,000       105,070  

Piolax Inc.

     6,000       98,752  

Press Kogyo Co. Ltd.

     18,000       76,924  

Riken Corp.

     2,000       79,392  

Shoei Co. Ltd.

     2,000       79,484  

Showa Corp.

     10,000       122,588  

Sumitomo Riko Co. Ltd.

     8,000       57,251  

Tachi-S Co. Ltd.

     6,000       71,398  

Taiho Kogyo Co. Ltd.

     4,000       29,436  

Tokai Rika Co. Ltd.

     10,000       152,705  

Topre Corp.

     6,000       95,160  

Toyo Tire Corp.

     22,000       274,557  

Toyota Boshoku Corp.

     12,000       147,216  

TPR Co. Ltd.

     4,000       65,098  

TS Tech Co. Ltd.

     8,000       195,772  

Unipres Corp.

     8,000       126,291  

Yorozu Corp.

     4,000       47,709  
   

 

 

  
          3,935,167  
Automobiles — 0.1%            

Nissan Shatai Co. Ltd.

     12,000       108,865  
   

 

 

  
Banks — 4.4%            

77 Bank Ltd. (The)

     10,000       150,127  

Aichi Bank Ltd. (The)

     2,000       66,129  

Akita Bank Ltd. (The)

     2,000       38,904  

Aomori Bank Ltd. (The)

     4,000       103,044  

Awa Bank Ltd. (The)

     6,000       146,995  
Security   Shares      Value  
Banks (continued)  

Bank of Iwate Ltd. (The)

     4,000      $ 107,833  

Bank of Nagoya Ltd. (The)(a)

    2,000        64,932  

Bank of Okinawa Ltd. (The)

     4,000        126,733  

Bank of Saga Ltd. (The)

     2,000        29,123  

Bank of the Ryukyus Ltd.

     8,000        84,881  

Chugoku Bank Ltd. (The)

     26,000        244,734  

Chukyo Bank Ltd. (The)

     2,000        40,764  

Daishi Hokuetsu Financial Group Inc.

     8,000        205,720  

Ehime Bank Ltd. (The)

     6,000        60,124  

Gunma Bank Ltd. (The)

     64,000        226,940  

Hachijuni Bank Ltd. (The)

     70,000        292,056  

Hiroshima Bank Ltd. (The)

     46,000        235,984  

Hokkoku Bank Ltd. (The)

     4,000        110,891  

Hokuhoku Financial Group Inc.

     24,000        257,739  

Hyakugo Bank Ltd. (The)

     40,000        119,365  

Hyakujushi Bank Ltd. (The)

     4,000        81,492  

Iyo Bank Ltd. (The)

     46,000        236,832  

Juroku Bank Ltd. (The)

     6,000        125,609  

Kansai Mirai Financial Group Inc.

     18,074        116,526  

Keiyo Bank Ltd. (The)

     18,000        103,615  

Kiyo Bank Ltd. (The)

     12,000        162,689  

Kyushu Financial Group Inc.

     68,000        268,681  

Miyazaki Bank Ltd. (The)

     2,000        47,691  

Musashino Bank Ltd. (The)

     6,000        112,402  

Nanto Bank Ltd. (The)

     6,000        120,193  

Nishi-Nippon Financial Holdings Inc.

     26,000        190,375  

North Pacific Bank Ltd.

     54,000        126,327  

Ogaki Kyoritsu Bank Ltd. (The)

     6,000        132,959  

Oita Bank Ltd. (The)

     2,000        58,209  

San ju San Financial Group Inc.

     4,000        53,088  

San-in Godo Bank Ltd. (The)

     28,000        180,005  

Senshu Ikeda Holdings Inc.

     34,000        66,700  

Shiga Bank Ltd. (The)

     8,000        189,289  

Shikoku Bank Ltd. (The)

     6,000        52,940  

Suruga Bank Ltd.(b)

    32,000        128,501  

Toho Bank Ltd. (The)

     36,000        82,560  

Tokyo Kiraboshi Financial Group Inc.

     6,030        93,026  

TOMONY Holdings Inc.

     28,000        88,713  

Towa Bank Ltd. (The)

     6,000        40,120  

Yamagata Bank Ltd. (The)

     4,000        59,866  

Yamaguchi Financial Group Inc.

     36,000        266,912  

Yamanashi Chuo Bank Ltd. (The)

     4,000        44,541  
    

 

 

  
       5,942,879  
Beverages — 0.8%             

Ito En Ltd.

     10,000        473,406  

Sapporo Holdings Ltd.

     12,000        249,560  

Takara Holdings Inc.

     30,000        324,660  
    

 

 

  
           1,047,626  
Biotechnology — 0.5%             

AnGes Inc.(b)

    20,000        130,601  

GNI Group Ltd.(a)(b)

    2,199        57,823  

HEALIOS KK(b)

    4,000        64,766  

Japan Tissue Engineering Co. Ltd.(b)

    2,000        16,965  

SanBio Co. Ltd.(a)(b)

    6,000        211,375  

Takara Bio Inc.

     10,000        214,046  
    

 

 

  
       695,576  
Building Products — 1.5%  

Aica Kogyo Co. Ltd.

     10,000        331,108  

Bunka Shutter Co. Ltd.

     10,000        75,892  
 

 

1

Schedule of Investments  (unaudited) (continued)

May 31, 2019

   

iShares® MSCI Japan Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Building Products (continued)  

Central Glass Co. Ltd.

     8,000     $ 176,173  

Maeda Kosen Co. Ltd.(a)

    4,000       70,219  

Nichias Corp.

     12,000       201,151  

Nichiha Corp.

     4,000       105,033  

Nippon Sheet Glass Co. Ltd.

     18,000       118,038  

Nitto Boseki Co. Ltd.(a)

    4,200       76,283  

Noritz Corp.

     6,000       75,819  

Okabe Co. Ltd.

     8,000       70,882  

Sankyo Tateyama Inc.

     4,000       41,962  

Sanwa Holdings Corp.

     38,000       379,737  

Sekisui Jushi Corp.

     6,000       112,678  

Sinko Industries Ltd.

     4,000       58,835  

Takara Standard Co. Ltd.

     6,000       90,352  

Takasago Thermal Engineering Co. Ltd.

     8,000       123,196  
   

 

 

  
      2,107,358  
Capital Markets — 1.0%  

GMO Financial Holdings Inc.

     10,000       51,485  

Ichiyoshi Securities Co. Ltd.

     8,000       57,251  

Jafco Co. Ltd.

     6,000       214,414  

kabu.com Securities Co. Ltd.

     26,000       133,622  

Kyokuto Securities Co. Ltd.

     4,000       33,709  

M&A Capital Partners Co. Ltd.(b)

    2,000       115,128  

Marusan Securities Co. Ltd.

     10,000       51,946  

Matsui Securities Co. Ltd.

     24,000       225,908  

Monex Group Inc.(a)

    32,000       97,849  

Okasan Securities Group Inc.

     24,000       85,545  

SPARX Group Co. Ltd.

     18,000       39,125  

Strike Co. Ltd.

     2,000       35,404  

Tokai Tokyo Financial Holdings Inc.

     42,000       129,201  

Uzabase Inc.(a)(b)

    2,000       47,801  
   

 

 

  
      1,318,388  
Chemicals — 5.4%  

Achilles Corp.

     4,000       72,098  

ADEKA Corp.

     16,000       223,845  

C.I. Takiron Corp.

     6,000       34,980  

Chugoku Marine Paints Ltd.

     8,000       68,966  

Dainichiseika Color & Chemicals Manufacturing Co. Ltd.

     2,000       52,683  

Denka Co. Ltd.

     16,000       458,301  

DIC Corp.

     16,000       389,777  

Fujimi Inc.

     4,000       75,487  

Fujimori Kogyo Co. Ltd.

     2,000       51,098  

Fuso Chemical Co. Ltd.

     4,000       72,540  

Hodogaya Chemical Co. Ltd.

     2,000       46,972  

Ishihara Sangyo Kaisha Ltd.

     6,000       55,980  

JCU Corp.

     4,000       72,945  

JSP Corp.

     2,000       36,233  

Kanto Denka Kogyo Co. Ltd.

     8,000       51,872  

KH Neochem Co. Ltd.

     6,000       160,700  

Koatsu Gas Kogyo Co. Ltd.

     6,000       44,651  

Konishi Co. Ltd.

     6,000       86,816  

Kumiai Chemical Industry Co. Ltd.

     16,049       109,679  

Kureha Corp.

     4,000       254,202  

Lintec Corp.

     8,000       158,269  

Nihon Nohyaku Co. Ltd.

     8,000       29,915  

Nihon Parkerizing Co. Ltd.

     18,000       199,272  

Nippon Kayaku Co. Ltd.

     28,000       322,874  

Nippon Shokubai Co. Ltd.

     6,000       360,304  

Nippon Soda Co. Ltd.

     4,000       95,786  

NOF Corp.

     14,000       504,812  
Security   Shares     Value  
Chemicals (continued)  

Okamoto Industries Inc.

     2,000     $ 88,971  

Osaka Soda Co. Ltd.

     2,000       48,059  

Sakai Chemical Industry Co. Ltd.

     2,000       45,701  

Sakata INX Corp.

     8,000       70,292  

Sanyo Chemical Industries Ltd.

     2,000       102,786  

Sekisui Plastics Co. Ltd.

     4,000       26,010  

Shikoku Chemicals Corp.

     6,000       55,703  

Shin-Etsu Polymer Co. Ltd.

     8,000       54,598  

Stella Chemifa Corp.(a)

    2,000       49,109  

Sumitomo Bakelite Co. Ltd.

     6,000       206,125  

Sumitomo Seika Chemicals Co. Ltd.

     2,000       61,801  

T. Hasegawa Co. Ltd.

     6,000       99,249  

Taiyo Holdings Co. Ltd.

     4,000       121,943  

Takasago International Corp.

     2,000       56,735  

Tanaka Chemical Corp.(b)

    2,000       14,036  

Tayca Corp.

     2,000       41,685  

Tenma Corp.

     4,000       65,761  

Toagosei Co. Ltd.

     20,000       215,888  

Tokai Carbon Co. Ltd.(a)

    38,000       365,038  

Tokuyama Corp.

     12,000       267,465  

Tokyo Ohka Kogyo Co. Ltd.

     6,000       174,073  

Toyo Ink SC Holdings Co. Ltd.

     6,000       125,001  

Toyobo Co. Ltd.

     16,000       173,005  

Ube Industries Ltd.

     20,000       383,330  

Valqua Ltd.

     2,000       37,946  

W-Scope Corp.

     6,000       78,747  

Zeon Corp.

     28,000       264,591  
   

 

 

  
      7,384,705  
Commercial Services & Supplies — 1.7%  

Aeon Delight Co. Ltd.

     4,000       115,496  

Bell System24 Holdings Inc.

     6,000       86,484  

Central Security Patrols Co. Ltd.

     2,000       102,234  

Daiseki Co. Ltd.

     8,060       200,433  

Duskin Co. Ltd.

     8,000       209,330  

Japan Elevator Service Holdings Co. Ltd.(a)

    4,000       80,792  

Kokuyo Co. Ltd.

     16,000       210,877  

Matsuda Sangyo Co. Ltd.

     2,060       27,511  

Mitsubishi Pencil Co. Ltd.

     6,000       106,876  

Nichiban Co. Ltd.

     2,000       42,993  

Nippon Kanzai Co. Ltd.

     4,000       66,977  

Nippon Parking Development Co. Ltd.

     38,000       60,548  

Okamura Corp.

     12,000       117,707  

Oyo Corp.

     4,000       38,904  

Pilot Corp.

     6,000       224,637  

Prestige International Inc.

     10,000       138,338  

Raksul Inc.(b)

    4,000       172,415  

Relia Inc.

     8,000       86,503  

Sato Holdings Corp.

     6,000       149,758  

Toppan Forms Co. Ltd.

     10,000       80,497  

Tosho Printing Co. Ltd.

     4,000       46,456  
   

 

 

  
      2,365,766  
Communications Equipment — 0.1%  

Denki Kogyo Co. Ltd.

     2,000       47,525  

Icom Inc.

     2,000       40,433  
   

 

 

  
      87,958  
Construction & Engineering — 4.8%  

Chiyoda Corp.(b)

    34,000       90,813  

Chudenko Corp.

     6,000       122,017  

COMSYS Holdings Corp.

     24,000       576,707  
 

 

2

Schedule of Investments  (unaudited) (continued)

May 31, 2019

   

iShares® MSCI Japan Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Construction & Engineering (continued)  

Dai-Dan Co. Ltd.

     2,000     $ 39,493  

Daiho Corp.

     4,000       101,386  

Fukuda Corp.

     2,000       78,011  

Hazama Ando Corp.

     36,000       235,745  

Hibiya Engineering Ltd.

     4,000       68,156  

Kandenko Co. Ltd.

     18,000       145,890  

Kinden Corp.

     26,000       399,908  

Kumagai Gumi Co. Ltd.

     8,000       212,425  

Kyowa Exeo Corp.

     20,000       470,274  

Kyudenko Corp.

     8,000       226,940  

Maeda Corp.

     28,000       227,714  

Maeda Road Construction Co. Ltd.

     12,000       241,492  

Mirait Holdings Corp.

     14,400       225,731  

Nippo Corp.

     10,600       206,874  

Nippon Densetsu Kogyo Co. Ltd.(a)

    6,000       126,714  

Nippon Koei Co. Ltd.

     2,000       44,301  

Nippon Road Co. Ltd. (The)

     2,000       112,181  

Nishimatsu Construction Co. Ltd.

     10,200       195,216  

Okumura Corp.

     6,000       183,744  

OSJB Holdings Corp.(a)

    24,000       61,230  

Penta-Ocean Construction Co. Ltd.

     54,000       240,221  

Raito Kogyo Co. Ltd.

     8,000       98,218  

Sanki Engineering Co. Ltd.

     8,000       90,039  

Shinnihon Corp.

     6,000       48,685  

SHO-BOND Holdings Co. Ltd.

     4,000       277,412  

Sumitomo Densetsu Co. Ltd.

     4,000       60,345  

Sumitomo Mitsui Construction Co. Ltd.

     30,000       170,205  

Taihei Dengyo Kaisha Ltd.

     2,000       37,412  

Taikisha Ltd.

     4,000       119,364  

Takamatsu Construction Group Co. Ltd.

     2,000       42,846  

Tekken Corp.

     2,000       54,340  

Toa Corp./Tokyo

     4,000       54,746  

Toda Corp.

     44,000       242,745  

Tokyu Construction Co. Ltd.

     16,040       113,310  

Toshiba Plant Systems & Services Corp.

     10,000       175,639  

Totetsu Kogyo Co. Ltd.

     4,000       110,081  

Toyo Construction Co. Ltd.

     14,000       51,706  

Yahagi Construction Co. Ltd.

     6,000       39,733  

Yokogawa Bridge Holdings Corp.

     6,000       85,876  

Yurtec Corp.

     6,000       39,788  
   

 

 

  
          6,545,673  
Construction Materials — 0.2%  

Sumitomo Osaka Cement Co. Ltd.

     8,000       310,937  
   

 

 

  
Consumer Finance — 0.4%  

Aiful Corp.(b)

    64,000       123,786  

Hitachi Capital Corp.

     10,000       211,743  

J Trust Co. Ltd.

     12,000       53,493  

Jaccs Co. Ltd.

     4,000       69,887  

Orient Corp.(a)

    88,000       90,776  
   

 

 

  
      549,685  
Containers & Packaging — 0.6%  

FP Corp.

     4,000       233,939  

Fuji Seal International Inc.

     8,000       278,149  

Pack Corp. (The)

     2,000       57,380  

Rengo Co. Ltd.

     34,000       271,186  
   

 

 

  
      840,654  
Distributors — 0.5%            

Arata Corp.

     2,000       69,261  
Security   Shares     Value  
Distributors (continued)  

Canon Marketing Japan Inc.

     10,000     $ 213,585  

Doshisha Co. Ltd.

     4,000       62,740  

PALTAC Corp.

     6,000       309,464  
   

 

 

  
      655,050  
Diversified Consumer Services — 0.1%  

Japan Best Rescue System Co. Ltd.

     2,000       22,381  

Meiko Network Japan Co. Ltd.

     4,000       35,294  

Riso Kyoiku Co. Ltd.

     20,000       80,497  

Studio Alice Co. Ltd.

     2,000       37,283  
   

 

 

  
      175,455  
Diversified Financial Services — 0.8%  

eGuarantee Inc.

     6,000       74,271  

Financial Products Group Co. Ltd.

     12,000       97,702  

Fuyo General Lease Co. Ltd.

     4,000       194,888  

IBJ Leasing Co. Ltd.

     6,000       139,148  

Japan Investment Adviser Co. Ltd.

     2,000       35,699  

Japan Securities Finance Co. Ltd.

     18,000       92,176  

NEC Capital Solutions Ltd.

     2,000       32,015  

Ricoh Leasing Co. Ltd.

     2,000       61,617  

Zenkoku Hosho Co. Ltd.

     10,000       383,145  
   

 

 

  
          1,110,661  
Diversified Telecommunication Services — 0.2%  

ARTERIA Networks Corp.

     4,000       41,667  

Internet Initiative Japan Inc.

     6,000       115,110  

Vision Inc./Tokyo Japan(b)

    2,000       103,707  
   

 

 

  
      260,484  
Electric Utilities — 0.6%  

Hokkaido Electric Power Co. Inc.

     34,000       183,818  

Hokuriku Electric Power Co.(b)

    34,000       245,821  

Okinawa Electric Power Co. Inc. (The)

     8,012       121,683  

Shikoku Electric Power Co. Inc.

     30,000       273,267  
   

 

 

  
      824,589  
Electrical Equipment — 1.6%  

Chiyoda Integre Co. Ltd.

     2,000       37,007  

Cosel Co. Ltd.

     4,000       38,057  

Daihen Corp.

     4,000       104,554  

Denyo Co. Ltd.

     4,000       48,888  

Fujikura Ltd.

     46,000       151,674  

Furukawa Electric Co. Ltd.

     14,000       374,451  

Futaba Corp.

     6,000       76,205  

GS Yuasa Corp.

     12,000       214,524  

Idec Corp./Japan

     6,000       105,549  

Mabuchi Motor Co. Ltd.

     10,000       334,331  

Nippon Carbon Co. Ltd.(a)

    2,000       72,945  

Nissin Electric Co. Ltd.

     10,000       96,892  

Nitto Kogyo Corp.

     4,000       68,450  

Sanyo Denki Co. Ltd.

     2,000       69,998  

Sinfonia Technology Co. Ltd.

     4,000       43,288  

Tatsuta Electric Wire and Cable Co. Ltd.

     8,000       32,199  

Toyo Tanso Co. Ltd.

     2,000       37,099  

Ushio Inc.

     20,000       251,255  
   

 

 

  
      2,157,366  
Electronic Equipment, Instruments & Components — 4.3%  

Ai Holdings Corp.

     6,000       93,723  

Amano Corp.

     10,000       259,728  

Anritsu Corp.(a)

    28,000       448,206  

Azbil Corp.

     24,000       564,108  

Canon Electronics Inc.

     4,000       64,140  
 

 

3

Schedule of Investments  (unaudited) (continued)

May 31, 2019

   

iShares® MSCI Japan Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Electronic Equipment, Instruments & Components (continued)  

Citizen Watch Co. Ltd.

     58,000     $ 267,631  

CMK Corp.

     8,000       47,598  

CONEXIO Corp.

     2,000       23,670  

Daiwabo Holdings Co. Ltd.

     4,000       167,810  

Dexerials Corp.

     10,000       63,551  

Elematec Corp.

     4,000       35,920  

Enplas Corp.(a)

    2,000       55,814  

ESPEC Corp.

     4,000       82,303  

Hioki E.E. Corp.

     2,000       64,656  

Hochiki Corp.

     2,000       20,963  

Horiba Ltd.

     8,000       373,567  

Hosiden Corp.

     10,000       101,312  

Ibiden Co. Ltd.

     22,000       341,828  

Iriso Electronics Co. Ltd.

     4,000       181,994  

Japan Aviation Electronics Industry Ltd.

     10,000       139,811  

Japan Cash Machine Co. Ltd.

     4,000       40,046  

Japan Display Inc.(a)(b)

    114,000       67,198  

Kaga Electronics Co. Ltd.

     4,000       58,430  

Koa Corp.

     4,000       46,456  

Macnica Fuji Electronics Holdings Inc.

     10,000       117,338  

Maruwa Co. Ltd./Aichi

     2,000       92,471  

Meiko Electronics Co. Ltd.(a)

    4,000       56,551  

Nichicon Corp.

     10,000       73,498  

Nippon Ceramic Co. Ltd.(a)

    4,000       105,512  

Nippon Chemi-Con Corp.

     2,000       28,810  

Nippon Signal Co. Ltd.

     8,000       81,639  

Nissha Co. Ltd.

     8,000       74,640  

Nohmi Bosai Ltd.

     4,000       75,745  

Ohara Inc.(a)

    2,000       23,947  

Oki Electric Industry Co. Ltd.

     16,000       197,025  

Optex Group Co. Ltd.

     6,000       71,453  

Osaki Electric Co. Ltd.

     6,000       35,146  

Restar Holdings Corp.

     4,000       55,040  

Riken Keiki Co. Ltd.

     2,000       35,441  

Ryosan Co. Ltd.

     4,000       93,944  

Ryoyo Electro Corp.

     4,000       61,487  

Sanshin Electronics Co. Ltd.

     2,000       32,604  

Siix Corp.(a)

    6,000       65,761  

Taiyo Yuden Co. Ltd.(a)

    24,000       441,207  

Tamura Corp.

     14,000       67,695  

Topcon Corp.

     20,000       255,860  

V Technology Co. Ltd.

     1,800       76,509  
   

 

 

  
          5,829,786  
Energy Equipment & Services — 0.1%  

Modec Inc.

     4,000       100,797  

Shinko Plantech Co. Ltd.

     6,000       66,645  
   

 

 

  
      167,442  
Entertainment — 2.3%            

Akatsuki Inc.

     400       21,662  

Amuse Inc.

     2,000       47,543  

Ateam Inc.

     2,000       27,741  

Avex Inc.

     6,000       74,216  

Capcom Co. Ltd.

     18,000       370,362  

COLOPL Inc.(a)

    10,000       69,353  

Daiichikosho Co. Ltd.

     8,000       368,041  

DeNA Co. Ltd.

     22,000       444,154  

GungHo Online Entertainment Inc.(a)

    82,000       253,760  

KLab Inc.(a)(b)

    6,000       44,762  

Koei Tecmo Holdings Co. Ltd.

     10,068       183,510  
Security   Shares     Value  
Entertainment (continued)  

Marvelous Inc.(a)

    6,000     $ 44,430  

Shochiku Co. Ltd.

     2,000       234,124  

Square Enix Holdings Co. Ltd.

     16,200       570,711  

Toei Animation Co. Ltd.

     2,000       99,470  

Toei Co. Ltd.

     1,700       228,598  

UUUM Inc.(a)(b)

    2,000       80,037  
   

 

 

  
      3,162,474  
Equity Real Estate Investment Trusts (REITs) — 10.3%  

Activia Properties Inc.

     140       605,388  

Advance Residence Investment Corp.

     260       751,923  

AEON REIT Investment Corp.

     280       350,725  

Comforia Residential REIT Inc.

     120       328,805  

Daiwa Office Investment Corp.

     60       415,013  

Frontier Real Estate Investment Corp.

     80       337,831  

Fukuoka REIT Corp.

     140       225,650  

Global One Real Estate Investment Corp.

     180       216,845  

GLP J-REIT

     680       756,565  

Hankyu Hanshin REIT Inc.

     100       136,127  

Heiwa Real Estate REIT Inc.

     180       204,743  

Hoshino Resorts REIT Inc.

     40       204,099  

Hulic Reit Inc.

     220       364,320  

Ichigo Office REIT Investment

     240       224,140  

Industrial & Infrastructure Fund Investment Corp.

     300       359,475  

Invesco Office J-Reit Inc.

     1,740       281,253  

Invincible Investment Corp.

     1,080       574,939  

Japan Excellent Inc.

     240       356,325  

Japan Hotel REIT Investment Corp.

     880       714,050  

Japan Logistics Fund Inc.

     180       400,866  

Japan Rental Housing Investments Inc.

     320       254,350  

Kenedix Office Investment Corp.

     80       550,403  

Kenedix Residential Next Investment Corp.

     160       273,065  

Kenedix Retail REIT Corp.

     100       246,466  

LaSalle Logiport REIT

     220       248,215  

MCUBS MidCity Investment Corp.

     300       288,188  

Mirai Corp.

     320       145,890  

Mitsubishi Estate Logistics REIT Investment Corp.

     40       99,728  

Mitsui Fudosan Logistics Park Inc.

     60       190,375  

Mori Hills REIT Investment Corp.

     320       440,617  

Mori Trust Hotel Reit Inc.

     60       77,421  

Mori Trust Sogo REIT Inc.

     200       317,753  

Nippon Accommodations Fund Inc.

     80       422,197  

NIPPON REIT Investment Corp.

     100       390,974  

One REIT Inc.

     40       103,928  

Orix JREIT Inc.

     520       932,001  

Premier Investment Corp.

     260       331,660  

Samty Residential Investment Corp.

     60       59,295  

Sekisui House Reit Inc.

     720       537,803  

Star Asia Investment Corp.

     80       84,071  

Tokyu REIT Inc.

     180       293,603  
   

 

 

  
          14,097,085  
Food & Staples Retailing — 3.1%  

Ain Holdings Inc.

     6,000       458,669  

Arcs Co. Ltd.

     8,000       156,132  

Axial Retailing Inc.

     2,000       73,221  

Belc Co. Ltd.

     2,000       94,865  

Cawachi Ltd.

     2,000       33,949  

cocokara fine Inc.

     4,000       155,100  

Cosmos Pharmaceutical Corp.

     2,000       316,095  

Create SD Holdings Co. Ltd.

     6,000       129,919  
 

 

4

Schedule of Investments  (unaudited) (continued)

May 31, 2019

   

iShares® MSCI Japan Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Food & Staples Retailing (continued)  

Daikokutenbussan Co. Ltd.

     2,000     $ 63,551  

Genky DrugStores Co. Ltd.(a)

    2,000       48,041  

Halows Co. Ltd.

     2,000       40,249  

Heiwado Co. Ltd.

     6,000       105,604  

Japan Meat Co. Ltd.

     2,000       31,131  

Kansai Super Market Ltd.

     2,000       19,176  

Kato Sangyo Co. Ltd.

     4,000       124,338  

Kobe Bussan Co. Ltd.

     6,000       276,030  

Kusuri no Aoki Holdings Co. Ltd.(a)

    3,100       197,578  

Life Corp.

     2,000       42,385  

Matsumotokiyoshi Holdings Co. Ltd.

     16,000       472,300  

Ministop Co. Ltd.

     2,000       29,749  

Mitsubishi Shokuhin Co. Ltd.

     2,000       52,314  

Nihon Chouzai Co. Ltd.

     2,000       65,300  

Okuwa Co. Ltd.

     4,000       39,015  

Qol Holdings Co. Ltd.

     4,000       53,088  

Retail Partners Co. Ltd.

     4,600       48,595  

San-A Co. Ltd.

     4,000       155,100  

Shoei Foods Corp.(a)

    2,000       55,906  

Sogo Medical Holdings Co. Ltd.

     4,000       64,103  

Sugi Holdings Co. Ltd.

     6,000       272,715  

United Super Markets Holdings Inc.

     10,000       85,931  

Valor Holdings Co. Ltd.

     8,000       162,468  

Yakuodo Co. Ltd.

     2,000       40,470  

Yaoko Co. Ltd.

     4,000       191,573  

Yokohama Reito Co. Ltd.(a)

    8,000       69,850  
   

 

 

  
          4,224,510  
Food Products — 4.7%            

Ariake Japan Co. Ltd.

     4,000       258,992  

Chubu Shiryo Co. Ltd.

     4,000       42,035  

DyDo Group Holdings Inc.

     2,000       82,892  

Ezaki Glico Co. Ltd.

     8,000       380,198  

Feed One Co. Ltd.

     16,000       26,231  

Fuji Oil Holdings Inc.

     10,000       303,016  

Fujicco Co. Ltd.

     4,000       78,840  

Fujiya Co. Ltd.

     2,000       35,680  

Hokuto Corp.

     4,000       65,872  

House Foods Group Inc.

     12,000       489,063  

Itoham Yonekyu Holdings Inc.

     30,000       182,362  

J-Oil Mills Inc.

     2,000       73,037  

Kagome Co. Ltd.

     14,000       327,387  

Kameda Seika Co. Ltd.

     2,000       88,510  

Kenko Mayonnaise Co. Ltd.

     2,000       43,675  

Kewpie Corp.

     20,000       447,801  

KEY Coffee Inc.

     4,000       77,255  

Kotobuki Spirits Co. Ltd.

     4,000       207,046  

Marudai Food Co. Ltd.

     4,000       70,624  

Maruha Nichiro Corp.

     8,000       243,518  

Megmilk Snow Brand Co. Ltd.

     10,000       198,665  

Mitsui Sugar Co. Ltd.

     4,000       84,292  

Morinaga & Co. Ltd./Japan

     8,000       361,778  

Morinaga Milk Industry Co. Ltd.

     8,000       290,675  

Nagatanien Holdings Co. Ltd.

     2,000       39,475  

Nichirei Corp.

     20,200       493,767  

Nippon Beet Sugar Manufacturing Co. Ltd.

     2,000       34,538  

Nippon Flour Mills Co. Ltd.

     10,000       164,034  

Nippon Suisan Kaisha Ltd.

     56,000       340,410  

Nisshin Oillio Group Ltd. (The)

     4,000       116,601  

Prima Meat Packers Ltd.

     6,000       117,265  

Riken Vitamin Co. Ltd.

     2,000       63,919  
Security   Shares     Value  
Food Products (continued)  

Rock Field Co. Ltd.

     4,000     $ 58,356  

Rokko Butter Co. Ltd.

     2,000       36,970  

S Foods Inc.

     4,000       134,469  

Sakata Seed Corp.

     6,000       182,362  

Showa Sangyo Co. Ltd.

     4,000       111,812  

Starzen Co. Ltd.

     2,000       74,142  

Warabeya Nichiyo Holdings Co. Ltd.

     2,000       30,191  
   

 

 

  
          6,457,755  
Gas Utilities — 0.2%  

K&O Energy Group Inc.

     4,000       59,424  

Nippon Gas Co. Ltd.

     8,000       189,952  

Shizuoka Gas Co. Ltd.

     10,000       75,800  
   

 

 

  
      325,176  
Health Care Equipment & Supplies — 1.8%  

CYBERDYNE Inc.(a)(b)

    22,000       117,117  

Eiken Chemical Co. Ltd.

     6,000       105,826  

Hogy Medical Co. Ltd.

     4,000       126,549  

Jeol Ltd.

     8,000       170,573  

Mani Inc.

     4,000       249,781  

Menicon Co. Ltd.

     6,000       203,362  

Nagaileben Co. Ltd.

     4,000       88,271  

Nakanishi Inc.

     14,000       259,434  

Nihon Kohden Corp.

     16,000       460,511  

Nikkiso Co. Ltd.

     10,000       128,851  

Nipro Corp.

     28,000       309,721  

Paramount Bed Holdings Co. Ltd.

     4,000       152,521  

Seed Co. Ltd/Tokyo

     2,000       19,544  
   

 

 

  
      2,392,061  
Health Care Providers & Services — 1.3%  

As One Corp.

     2,500       224,499  

BML Inc.

     4,000       113,286  

Elan Corp.

     2,000       34,189  

Japan Lifeline Co. Ltd.

     12,000       191,646  

Miraca Holdings Inc.

     10,000       228,045  

NichiiGakkan Co. Ltd.

     8,000       103,597  

Ship Healthcare Holdings Inc.

     8,000       340,410  

Solasto Corp.

     10,000       88,418  

Toho Holdings Co. Ltd.

     10,000       223,716  

Tokai Corp./Gifu

     4,000       88,381  

Tsukui Corp.

     10,000       48,722  

Vital KSK Holdings Inc.(a)

    8,000       76,629  
   

 

 

  
      1,761,538  
Health Care Technology — 0.1%  

EM Systems Co. Ltd.

     2,000       27,115  

Medical Data Vision Co. Ltd.(b)

    4,000       53,493  
   

 

 

  
      80,608  
Hotels, Restaurants & Leisure — 4.3%  

Aeon Fantasy Co. Ltd.

     2,000       41,870  

Arcland Service Holdings Co. Ltd.

     4,000       70,624  

Atom Corp.(a)

    18,000       157,826  

BRONCO BILLY Co. Ltd.

     2,000       40,599  

Colowide Co. Ltd.

     12,000       231,656  

Create Restaurants Holdings Inc.

     8,000       104,628  

Daisyo Corp.

     2,000       28,423  

Doutor Nichires Holdings Co. Ltd.

     6,000       115,662  

Fuji Kyuko Co. Ltd.(a)

    4,000       145,153  

Fujio Food System Co. Ltd.

     2,000       52,554  

Fujita Kanko Inc.

     2,000       48,206  

Hiday Hidaka Corp.

     4,484       83,423  
 

 

5

Schedule of Investments  (unaudited) (continued)

May 31, 2019

   

iShares® MSCI Japan Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Hotels, Restaurants & Leisure (continued)  

HIS Co. Ltd.

     6,000     $ 175,731  

Ichibanya Co. Ltd.

     2,000       83,537  

Kappa Create Co. Ltd.

     6,000       75,929  

Kisoji Co. Ltd.

     4,000       92,507  

KNT-CT Holdings Co. Ltd.(b)

    2,000       26,968  

Komeda Holdings Co. Ltd.

     10,000       190,007  

Koshidaka Holdings Co. Ltd.

     8,000       104,923  

Kourakuen Holdings Corp.

     2,000       53,751  

Kura Sushi Inc.

     2,000       77,826  

Kyoritsu Maintenance Co. Ltd.(a)

    6,080       304,630  

Matsuyafoods Holdings Co. Ltd.

     2,000       61,156  

Monogatari Corp. (The)

     900       71,702  

MOS Food Services Inc.

     4,000       87,571  

Ohsho Food Service Corp.

     2,000       122,312  

Pepper Food Service Co. Ltd.(a)

    2,000       35,515  

Plenus Co. Ltd.

     4,000       67,566  

Renaissance Inc.

     2,000       35,330  

Resorttrust Inc.

     16,000       247,865  

Ringer Hut Co. Ltd.

     4,000       86,502  

Round One Corp.

     14,000       207,985  

Royal Holdings Co. Ltd.

     6,000       148,929  

Saizeriya Co. Ltd.

     6,000       134,064  

Skylark Holdings Co. Ltd.

     40,000       706,608  

St. Marc Holdings Co. Ltd.

     4,000       86,981  

Sushiro Global Holdings Ltd.

     4,000       278,149  

TKP Corp.(a)(b)

    2,000       102,602  

Tokyo Dome Corp.

     16,000       156,795  

Tokyotokeiba Co. Ltd.

     4,000       119,180  

Toridoll Holdings Corp.(a)

    4,000       69,113  

Tosho Co. Ltd.(a)

    4,000       108,865  

WATAMI Co. Ltd.

     4,000       52,793  

Yoshinoya Holdings Co. Ltd.(a)

    12,000       198,278  

Zensho Holdings Co. Ltd.

     16,000       332,305  
   

 

 

  
      5,824,599  
Household Durables — 1.5%  

Chofu Seisakusho Co. Ltd.

     4,000       79,208  

Corona Corp.

     2,000       18,310  

ES-Con Japan Ltd.

     6,000       37,688  

Foster Electric Co. Ltd.

     4,000       56,367  

France Bed Holdings Co. Ltd.

     4,000       36,251  

Fujitsu General Ltd.

     12,000       170,426  

Haseko Corp.

     54,000       538,632  

Hinokiya Group Co. Ltd.

     2,000       36,859  

JVC Kenwood Corp.

     30,000       63,827  

LEC Inc.

     4,600       51,349  

Misawa Homes Co. Ltd.

     4,000       35,736  

Pressance Corp.

     6,000       75,432  

Sangetsu Corp.

     10,000       191,204  

Starts Corp. Inc.

     6,000       141,193  

Sumitomo Forestry Co. Ltd.

     26,000       295,261  

Tamron Co. Ltd.

     2,000       40,488  

Token Corp.

     2,020       117,768  

Zojirushi Corp.(a)

    8,000       84,734  
   

 

 

  
          2,070,733  
Household Products — 0.1%  

Earth Corp.

     2,000       91,826  

S.T. Corp.

     2,000       31,609  
   

 

 

  
      123,435  
Security   Shares     Value  
Independent Power and Renewable Electricity Producers — 0.1%  

eRex Co. Ltd.

     4,000     $ 47,672  

RENOVA Inc.(b)

    6,000       47,635  
   

 

 

  
      95,307  
Industrial Conglomerates — 0.4%            

Katakura Industries Co. Ltd.

     4,000       44,246  

Mie Kotsu Group Holdings Inc.

     10,000       54,433  

Nisshinbo Holdings Inc.

     28,000       194,446  

Noritsu Koki Co. Ltd.

     4,000       62,924  

TOKAI Holdings Corp.

     18,000       146,719  
   

 

 

  
      502,768  
Insurance — 0.1%            

Anicom Holdings Inc.(a)

    4,000       130,233  
   

 

 

  
Interactive Media & Services — 0.6%  

Bengo4.com Inc.(b)

    1,200       58,245  

COOKPAD Inc.(b)

    12,000       34,262  

Dip Corp.

     6,000       90,518  

Gree Inc.

     24,000       108,754  

Gurunavi Inc.

     6,000       30,062  

Itokuro Inc.(b)

    2,000       44,117  

Kamakura Shinsho Ltd.

     4,000       55,924  

Lifull Co. Ltd.(a)

    12,000       65,872  

Mixi Inc.

     8,000       168,879  

MTI Ltd.

     4,000       24,426  

ZIGExN Co. Ltd.

     12,000       78,582  
   

 

 

  
      759,641  
Internet & Direct Marketing Retail — 0.3%  

ASKUL Corp.

     4,000       99,323  

Belluna Co. Ltd.

     10,000       70,182  

Enigmo Inc.(b)

    2,000       58,669  

Istyle Inc.(a)

    8,000       58,282  

Oisix ra daichi Inc.(a)(b)

    4,000       52,314  

Open Door Inc.(b)

    2,000       55,630  

Yume No Machi Souzou Iinkai Co. Ltd.(a)

    4,000       49,367  
   

 

 

  
      443,767  
IT Services — 3.1%  

Argo Graphics Inc.

     4,000       84,992  

Comture Corp.

     2,000       80,405  

Digital Garage Inc.

     6,000       195,349  

Digital Hearts Holdings Co. Ltd.

     2,000       18,641  

DTS Corp.

     4,000       162,653  

Future Corp.

     4,000       71,066  

GMO Internet Inc.

     14,000       218,043  

Ines Corp.

     4,000       43,620  

Infocom Corp.

     4,000       87,018  

Information Services International-Dentsu Ltd.

     2,000       62,445  

Kanematsu Electronics Ltd.

     2,000       57,472  

LAC Co. Ltd.(a)

    4,000       61,745  

Mitsubishi Research Institute Inc.

     2,000       59,590  

NEC Networks & System Integration Corp.

     4,000       100,649  

NET One Systems Co. Ltd.

     16,000       429,270  

Nihon Unisys Ltd.

     14,000       457,103  

NS Solutions Corp.

     6,000       187,060  

NSD Co. Ltd.

     8,000       222,887  

SCSK Corp.

     10,056       486,245  

SHIFT Inc.(b)

    2,000       109,602  

Softbank Technology Corp.

     2,000       43,104  

TIS Inc.

     14,048       698,680  

TKC Corp.

     4,000       162,284  

Transcosmos Inc.(a)

    4,000       88,234  
   

 

 

  
          4,188,157  
 

 

6

Schedule of Investments  (unaudited) (continued)

May 31, 2019

   

iShares® MSCI Japan Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Leisure Products — 0.5%            

Heiwa Corp.

     10,016     $ 205,255  

Mars Group Holdings Corp.

     2,000       37,964  

Mizuno Corp.

     4,000       88,455  

Tomy Co. Ltd.

     16,000       190,836  

Universal Entertainment Corp.

     4,000       116,786  

Yonex Co. Ltd.(a)

    10,000       59,406  
   

 

 

  
      698,702  
Life Sciences Tools & Services — 0.1%            

CMIC Holdings Co. Ltd.

     2,000       37,025  

EPS Holdings Inc.

     6,000       98,310  

Linical Co. Ltd.

     2,000       21,662  
   

 

 

  
          156,997  
Machinery — 5.6%            

Aichi Corp.

     6,000       36,030  

Aida Engineering Ltd.

     10,000       66,590  

Anest Iwata Corp.

     6,000       52,664  

Asahi Diamond Industrial Co. Ltd.

     10,000       59,590  

Bando Chemical Industries Ltd.

     6,000       50,509  

CKD Corp.

     10,000       89,063  

Daiwa Industries Ltd.

     6,000       66,037  

DMG Mori Co. Ltd.

     22,000       273,949  

Ebara Corp.

     20,000       511,352  

Fuji Corp./Aichi

     12,000       131,854  

Fujitec Co. Ltd.

     12,000       156,721  

Fukushima Industries Corp.

     2,000       65,393  

Furukawa Co. Ltd.

     6,000       72,779  

Giken Ltd.

     2,000       59,130  

Glory Ltd.

     10,000       247,202  

Harmonic Drive Systems Inc.(a)

    8,000       264,886  

Hirata Corp.(a)

    2,000       95,786  

Hisaka Works Ltd.

     2,000       16,615  

Hitachi Zosen Corp.

     32,000       105,218  

Hosokawa Micron Corp.

     2,000       85,655  

Iseki & Co. Ltd.

     4,000       53,051  

Japan Steel Works Ltd. (The)

     12,000       182,363  

Kitz Corp.

     14,000       92,194  

Komori Corp.

     10,000       102,694  

Kyokuto Kaihatsu Kogyo Co. Ltd.

     6,000       72,724  

Makino Milling Machine Co. Ltd.

     4,000       138,522  

Max Co. Ltd.

     4,000       55,151  

Meidensha Corp.

     6,000       83,334  

METAWATER Co. Ltd.

     2,000       59,867  

Mitsubishi Logisnext Co. Ltd.

     6,000       63,330  

Mitsuboshi Belting Ltd.

     4,000       72,650  

Mitsui E&S Holdings Co. Ltd.(b)

    14,000       111,923  

Miura Co. Ltd.

     18,000       559,521  

Morita Holdings Corp.

     6,000       104,941  

Nachi-Fujikoshi Corp.

     2,000       76,261  

Nippon Sharyo Ltd.(b)

    2,000       46,272  

Nippon Thompson Co. Ltd.

     12,000       47,967  

Nissei ASB Machine Co. Ltd.

     2,000       53,788  

Nitta Corp.

     4,000       111,812  

Nitto Kohki Co. Ltd.

     2,000       38,333  

Nittoku Engineering Co. Ltd.

     2,000       46,862  

Noritake Co. Ltd./Nagoya Japan

     2,000       84,366  

NTN Corp.

     78,000       205,462  
Security   Shares     Value  
Machinery (continued)            

Obara Group Inc.

     2,300     $ 75,307  

Oiles Corp.

     4,096       55,305  

OKUMA Corp.

     4,000       195,625  

Organo Corp.

     2,000       59,774  

OSG Corp.

     14,000       264,978  

Rheon Automatic Machinery Co. Ltd.

     4,000       58,282  

Ryobi Ltd.

     4,000       73,092  

Shibuya Corp.

     2,000       53,161  

Shima Seiki Manufacturing Ltd.

     6,000       165,342  

Shinmaywa Industries Ltd.

     8,000       95,565  

Sintokogio Ltd.

     8,000       67,419  

Sodick Co. Ltd.

     8,000       69,187  

Star Micronics Co. Ltd.

     6,000       73,166  

Tadano Ltd.

     20,000       193,783  

Takeuchi Manufacturing Co. Ltd.

     6,000       99,028  

Takuma Co. Ltd.

     14,000       183,099  

Teikoku Sen-I Co. Ltd.

     4,000       81,418  

Tocalo Co. Ltd.

     10,800       70,525  

Toshiba Machine Co. Ltd.

     4,000       84,108  

Tsubaki Nakashima Co. Ltd.

     8,000       124,080  

Tsubakimoto Chain Co.

     4,000       120,101  

Tsugami Corp.

     8,000       63,661  

Tsukishima Kikai Co. Ltd.

     6,000       72,392  

Tsurumi Manufacturing Co. Ltd.

     4,000       70,587  

Union Tool Co.

     2,000       48,630  

YAMABIKO Corp.

     6,000       50,785  

Yamashin-Filter Corp.

     6,000       29,289  

Yushin Precision Equipment Co. Ltd.

     4,000       38,941  
   

 

 

  
          7,607,041  
Marine — 0.2%            

Iino Kaiun Kaisha Ltd.

     16,000       51,283  

Kawasaki Kisen Kaisha Ltd.(a)(b)

    16,000       180,815  

NS United Kaiun Kaisha Ltd.

     2,000       41,759  
   

 

 

  
      273,857  
Media — 0.7%            

F@N Communications Inc.

     8,000       38,536  

Kadokawa Dwango(b)

    10,008       132,918  

Macromill Inc.

     8,000       91,218  

OPT Holding Inc.(a)

    2,000       25,457  

Proto Corp.

     2,000       33,046  

RPA Holdings Inc.(b)

    2,000       103,523  

SKY Perfect JSAT Holdings Inc.

     26,000       98,899  

Tokyo Broadcasting System Holdings Inc.

     6,000       99,802  

TV Asahi Holdings Corp.

     4,000       63,919  

ValueCommerce Co. Ltd.

     4,000       94,239  

Vector Inc.(b)

    6,000       61,616  

Wowow Inc.

     2,000       48,667  

Zenrin Co. Ltd.

     6,000       113,452  
   

 

 

  
      1,005,292  
Metals & Mining — 1.7%            

Aichi Steel Corp.

     2,000       58,485  

Asahi Holdings Inc.

     8,000       154,953  

Daido Steel Co. Ltd.

     6,000       211,375  

Dowa Holdings Co. Ltd.

     10,000       312,227  

Godo Steel Ltd.

     2,000       37,394  

Kyoei Steel Ltd.

     4,000       66,240  

Mitsubishi Steel Manufacturing Co. Ltd.

     200       2,059  

Mitsui Mining & Smelting Co. Ltd.

     12,000       254,202  

Nakayama Steel Works Ltd.

     4,000       17,426  
 

 

7

Schedule of Investments  (unaudited) (continued)

May 31, 2019

   

iShares® MSCI Japan Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Metals & Mining (continued)            

Neturen Co. Ltd.

     6,000     $ 45,259  

Nippon Denko Co. Ltd.

     20,000       35,183  

Nippon Light Metal Holdings Co. Ltd.

     110,000       233,019  

Nittetsu Mining Co. Ltd.

     2,000       78,747  

Osaka Steel Co. Ltd.

     2,000       31,370  

OSAKA Titanium Technologies Co. Ltd.

     4,000       59,166  

Pacific Metals Co. Ltd.(a)

    2,000       40,801  

Sanyo Special Steel Co. Ltd.

     4,000       54,340  

Toho Titanium Co. Ltd.

     6,000       59,627  

Toho Zinc Co. Ltd.

     2,000       42,846  

Tokyo Steel Manufacturing Co. Ltd.

     20,000       153,074  

Topy Industries Ltd.

     2,000       40,507  

UACJ Corp.

     6,014       95,493  

Yamato Kogyo Co. Ltd.

     8,000       220,087  

Yodogawa Steel Works Ltd.

     4,000       72,208  
   

 

 

  
      2,376,088  
Multiline Retail — 0.9%            

Fuji Co. Ltd./Ehime

     4,000       64,729  

H2O Retailing Corp.

     18,035       195,175  

Izumi Co. Ltd.

     8,000       341,884  

Kintetsu Department Store Co. Ltd.

     2,000       60,787  

Matsuya Co. Ltd.

     6,000       50,067  

Parco Co. Ltd.

     4,000       39,346  

Seria Co. Ltd.

     8,000       198,941  

Takashimaya Co. Ltd.

     26,000       275,625  
   

 

 

  
      1,226,554  
Oil, Gas & Consumable Fuels — 0.5%            

Cosmo Energy Holdings Co. Ltd.

     12,000       236,297  

Itochu Enex Co. Ltd.

     10,000       77,274  

Iwatani Corp.

     6,000       196,454  

Japan Petroleum Exploration Co. Ltd.

     6,000       125,498  

San-Ai Oil Co. Ltd.

     10,000       87,037  

Sinanen Holdings Co. Ltd.

     2,000       34,041  
   

 

 

  
      756,601  
Paper & Forest Products — 0.5%            

Daiken Corp.

     2,000       40,470  

Daio Paper Corp.(a)

    14,000       161,694  

Hokuetsu Corp.

     24,000       118,701  

Nippon Paper Industries Co. Ltd.

     20,000       342,989  

Tokushu Tokai Paper Co. Ltd.

     2,000       66,682  
   

 

 

  
      730,536  
Personal Products — 0.9%            

Euglena Co. Ltd.(b)

    14,000       108,699  

Fancl Corp.

     16,000       432,659  

Kitanotatsujin Corp.(a)

    12,000       62,998  

Mandom Corp.

     8,000       196,288  

Milbon Co. Ltd.

     4,000       189,362  

MTG Co. Ltd.

     2,000       30,265  

Noevir Holdings Co. Ltd.

     2,000       104,260  

YA-MAN Ltd.

     6,000       52,664  
   

 

 

  
      1,177,195  
Pharmaceuticals — 2.6%            

ASKA Pharmaceutical Co. Ltd.

     4,000       43,030  

Fuji Pharma Co. Ltd.

     2,000       26,489  

JCR Pharmaceuticals Co. Ltd.

     2,000       125,259  

Kaken Pharmaceutical Co. Ltd.

     6,000       284,043  

Kissei Pharmaceutical Co. Ltd.

     6,000       140,640  

KYORIN Holdings Inc.

     8,000       139,774  

Mochida Pharmaceutical Co. Ltd.

     4,000       182,731  
Security   Shares     Value  
Pharmaceuticals (continued)            

Nichi-Iko Pharmaceutical Co. Ltd.

     10,050     $ 113,760  

Nippon Shinyaku Co. Ltd.

     9,300       644,126  

Rohto Pharmaceutical Co. Ltd.

     18,000       490,721  

Sawai Pharmaceutical Co. Ltd.

     8,000       411,881  

Seikagaku Corp.

     8,000       91,734  

Sosei Group Corp.(b)

    14,000       259,433  

Torii Pharmaceutical Co. Ltd.

     2,000       43,491  

Towa Pharmaceutical Co. Ltd.

     6,000       143,790  

Tsumura & Co.

     12,000       334,331  

ZERIA Pharmaceutical Co. Ltd.

     6,000       112,070  
   

 

 

  
      3,587,303  
Professional Services — 2.6%            

Altech Corp.

     2,000       33,783  

BayCurrent Consulting Inc.

     2,000       67,143  

Benefit One Inc.

     14,000       266,654  

en-japan Inc.

     6,000       212,480  

FULLCAST Holdings Co. Ltd.

     4,000       77,071  

Funai Soken Holdings Inc.

     8,000       193,341  

JAC Recruitment Co. Ltd.

     2,000       47,562  

Link And Motivation Inc.(a)

    6,000       33,323  

Meitec Corp.

     4,200       199,991  

Nihon M&A Center Inc.

     28,000       697,067  

Nomura Co. Ltd.

     16,000       202,330  

Outsourcing Inc.

     22,000       230,587  

Pasona Group Inc.

     4,000       61,635  

SMS Co. Ltd.

     14,000       338,863  

Tanseisha Co. Ltd.

     6,000       62,114  

TechnoPro Holdings Inc.

     8,000       411,144  

Trust Tech Inc.

     2,000       57,932  

UT Group Co. Ltd.

     6,000       138,319  

WDB Holdings Co. Ltd.

     2,000       49,127  

World Holdings Co. Ltd.

     2,000       29,325  

YAMADA Consulting Group Co. Ltd.

     2,000       38,572  

Yumeshin Holdings Co. Ltd.(a)

    8,000       52,240  
   

 

 

  
      3,500,603  
Real Estate Management & Development — 1.9%        

Daibiru Corp.

     10,000       87,037  

Goldcrest Co. Ltd.

     4,000       64,950  

Heiwa Real Estate Co. Ltd.

     6,000       116,159  

Ichigo Inc.

     50,000       151,048  

Japan Asset Marketing Co. Ltd.(b)

    26,000       22,510  

Katitas Co. Ltd.(a)

    4,000       143,864  

Keihanshin Building Co. Ltd.

     6,000       54,930  

Kenedix Inc.

     42,000       203,472  

Leopalace21 Corp.(a)(b)

    48,000       141,027  

Open House Co. Ltd.

     6,200       256,109  

Raysum Co. Ltd.

     2,000       16,726  

Relo Group Inc.

     22,000       589,638  

SAMTY Co. Ltd.

     4,100       53,735  

Sun Frontier Fudousan Co. Ltd.

     6,000       55,482  

Takara Leben Co. Ltd.

     16,000       54,377  

TOC Co. Ltd.

     10,000       56,182  

Tokyo Tatemono Co. Ltd.

     38,000       396,537  

Tosei Corp.

     6,000       49,183  

Unizo Holdings Co. Ltd.

     6,000       102,620  
   

 

 

  
      2,615,586  
Road & Rail — 2.4%            

Fukuyama Transporting Co. Ltd.

     6,000       214,414  

Hamakyorex Co. Ltd.

     2,000       66,590  
 

 

8

Schedule of Investments  (unaudited) (continued)

May 31, 2019

   

iShares® MSCI Japan Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Road & Rail (continued)            

Hitachi Transport System Ltd.

     8,000     $ 237,624  

Maruzen Showa Unyu Co. Ltd.

     2,000       60,603  

Nankai Electric Railway Co. Ltd.

     20,000       522,772  

Nikkon Holdings Co. Ltd.

     12,000       272,659  

Nishi-Nippon Railroad Co. Ltd.

     12,000       262,049  

Sakai Moving Service Co. Ltd.

     2,000       118,444  

Sankyu Inc.

     10,200       516,694  

Seino Holdings Co. Ltd.

     26,000       330,942  

Senko Group Holdings Co. Ltd.

     22,000       177,702  

Sotetsu Holdings Inc.

     14,000       389,408  

Tonami Holdings Co. Ltd.

     800       41,557  

Trancom Co. Ltd.

     2,000       120,838  
   

 

 

  
          3,332,296  
Semiconductors & Semiconductor Equipment — 1.3%  

Ferrotec Holdings Corp.

     6,000       47,359  

Japan Material Co. Ltd.

     12,000       151,195  

Lasertec Corp.

     8,000       279,991  

Megachips Corp.(a)

    4,000       45,756  

Micronics Japan Co. Ltd.(a)

    6,000       50,011  

Mimasu Semiconductor Industry Co. Ltd.

     2,000       27,207  

Mitsui High-Tec Inc.

     4,000       37,836  

Optorun Co. Ltd.

     4,000       85,802  

Rorze Corp.

     2,000       39,236  

RS Technologies Co. Ltd.

     2,000       43,214  

Sanken Electric Co. Ltd.

     4,000       80,203  

SCREEN Holdings Co. Ltd.

     8,000       275,570  

Shindengen Electric Manufacturing Co. Ltd.

     2,000       63,551  

Shinko Electric Industries Co. Ltd.

     14,000       112,438  

Tokyo Seimitsu Co. Ltd.

     8,000       185,089  

Ulvac Inc.

     8,000       229,519  
   

 

 

  
      1,753,977  
Software — 1.5%            

Broadleaf Co. Ltd.

     18,000       92,176  

Computer Engineering & Consulting Ltd.

     4,000       71,103  

Cybozu Inc.

     4,000       43,583  

Digital Arts Inc.

     2,000       163,758  

Fuji Soft Inc.

     4,000       170,758  

Fukui Computer Holdings Inc.

     2,000       44,614  

Gunosy Inc.(b)

    2,000       35,238  

Infomart Corp.

     20,000       305,411  

Justsystems Corp.

     6,000       187,889  

Miroku Jyoho Service Co. Ltd.

     4,000       118,812  

Money Forward Inc.(b)

    2,600       95,307  

OBIC Business Consultants Co. Ltd.

     4,000       179,415  

Optim Corp.(b)

    2,000       47,764  

PKSHA Technology Inc.(b)

    1,600       89,008  

Rakus Co. Ltd.

     4,000       94,276  

Sourcenext Corp.(a)

    16,000       66,461  

Systena Corp.

     14,000       202,956  

UNITED Inc./Japan

     2,000       26,083  
   

 

 

  
      2,034,612  
Specialty Retail — 2.7%            

Adastria Co. Ltd.

     6,000       147,548  

Alpen Co. Ltd.

     4,000       59,645  

AOKI Holdings Inc.

     8,000       75,598  

Aoyama Trading Co. Ltd.

     8,000       154,363  

Arcland Sakamoto Co. Ltd.

     4,000       48,962  

Asahi Co. Ltd.

     2,000       24,204  

Autobacs Seven Co. Ltd.

     14,000       217,656  
Security   Shares     Value  
Specialty Retail (continued)            

Bic Camera Inc.

     20,000     $ 208,519  

Chiyoda Co. Ltd.

     4,000       59,866  

DCM Holdings Co. Ltd.

     20,000       199,493  

EDION Corp.(a)

    16,000       139,406  

Geo Holdings Corp.

     6,000       75,542  

IDOM Inc.

     12,000       29,952  

JINS Inc.

     2,600       154,695  

Joshin Denki Co. Ltd.

     4,000       80,682  

Joyful Honda Co. Ltd.

     10,000       113,562  

Keiyo Co. Ltd.

     6,000       27,410  

Kohnan Shoji Co. Ltd.

     4,000       82,303  

Komeri Co. Ltd.

     6,000       117,983  

K’s Holdings Corp.

     36,000       342,510  

LIXIL VIVA Corp.

     4,200       47,000  

Nextage Co. Ltd.

     6,000       61,230  

Nishimatsuya Chain Co. Ltd.

     8,000       64,177  

Nojima Corp.

     6,000       101,128  

PAL GROUP Holdings Co. Ltd.

     2,000       60,603  

Sac’s Bar Holdings Inc.

     4,000       36,804  

Sanrio Co. Ltd.

     10,000       222,703  

Shimachu Co. Ltd.

     8,000       180,889  

T-Gaia Corp.

     4,000       64,619  

Tokyo Base Co. Ltd.(b)

    4,000       29,952  

United Arrows Ltd.

     4,000       132,811  

VT Holdings Co. Ltd.

     14,000       58,411  

World Co. Ltd.

     4,000       81,234  

Xebio Holdings Co. Ltd.

     4,000       44,504  

Yellow Hat Ltd.

     6,000       77,034  
   

 

 

  
          3,622,998  
Technology Hardware, Storage & Peripherals — 0.7%        

Eizo Corp.

     4,000       146,074  

Elecom Co. Ltd.

     4,000       129,680  

Maxell Holdings Ltd.

     10,000       166,613  

MCJ Co. Ltd.

     12,000       75,266  

Melco Holdings Inc.

     2,000       56,274  

Riso Kagaku Corp.

     4,000       64,435  

Roland DG Corp.

     2,000       44,762  

Toshiba TEC Corp.

     6,000       148,100  

Wacom Co. Ltd.

     28,000       86,392  
   

 

 

  
      917,596  
Textiles, Apparel & Luxury Goods — 1.2%            

Asics Corp.

     30,000       331,015  

Descente Ltd.

     6,000       101,294  

Fujibo Holdings Inc.

     2,000       42,017  

Goldwin Inc.

     2,000       254,939  

Gunze Ltd.

     2,000       83,721  

Japan Wool Textile Co. Ltd. (The)

     8,000       61,156  

Kurabo Industries Ltd.

     4,000       70,219  

Onward Holdings Co. Ltd.

     18,000       94,829  

Seiko Holdings Corp.

     6,000       111,738  

Seiren Co. Ltd.

     8,000       101,386  

TSI Holdings Co. Ltd.

     12,000       68,635  

Wacoal Holdings Corp.

     8,000       199,088  

Yondoshi Holdings Inc.

     4,000       88,344  
   

 

 

  
      1,608,381  
Thrifts & Mortgage Finance — 0.1%            

Aruhi Corp.

     6,000       109,141  
   

 

 

  
 

 

9

Schedule of Investments  (unaudited) (continued)

May 31, 2019

   

iShares® MSCI Japan Small-Cap ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Trading Companies & Distributors — 2.0%            

Advan Co. Ltd.

     4,000     $ 37,578  

Chori Co. Ltd.

     2,000       29,049  

Daiichi Jitsugyo Co. Ltd.

     2,000       60,143  

Gecoss Corp.

     2,000       17,463  

Hanwa Co. Ltd.

     6,000       152,300  

Inaba Denki Sangyo Co. Ltd.

     4,200       166,723  

Inabata & Co. Ltd.

     8,000       99,397  

Japan Pulp & Paper Co. Ltd.

     2,000       69,814  

Kamei Corp.

     4,000       41,888  

Kanamoto Co. Ltd.

     6,000       133,235  

Kanematsu Corp.

     14,000       158,084  

Nagase & Co. Ltd.

     20,000       292,148  

Nichiden Corp.

     2,000       30,541  

Nippon Steel Trading Corp.

     2,144       82,640  

Nishio Rent All Co. Ltd.

     4,000       103,781  

Sojitz Corp.

     246,000       790,735  

Trusco Nakayama Corp.

     8,000       177,573  

Wakita & Co. Ltd.

     8,000       74,271  

Yamazen Corp.

     12,000       111,517  

Yuasa Trading Co. Ltd.

     4,000       108,644  
   

 

 

  
      2,737,524  
Transportation Infrastructure — 0.4%            

Mitsubishi Logistics Corp.

     12,000       320,958  

Nissin Corp.

     2,000       32,217  

Sumitomo Warehouse Co. Ltd. (The)

     12,000       152,190  
   

 

 

  
      505,365  
   

 

 

  

Total Common Stocks — 98.2%
(Cost: $178,359,064)

           133,828,600  
   

 

 

  
Security   Shares     Value  

Short-Term Investments

    
Money Market Funds — 5.0%            

BlackRock Cash Funds: Institutional,
SL Agency Shares,
    2.53%(c)(d)(e)

    6,683,951     $ 6,686,624  

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    2.33%(c)(d)

    68,275       68,275  
   

 

 

  
      6,754,899  
   

 

 

  

Total Short-Term Investments — 5.0%
(Cost: $ 6,752,226)

       6,754,899  
   

 

 

  

Total Investments in Securities — 103.2%
(Cost: $ 185,111,290)

       140,583,499  

Other Assets, Less Liabilities — (3.2)%

       (4,308,177 ) 
   

 

 

  

Net Assets — 100.0%

     $   136,275,322  
   

 

 

  

 

(a) 

All or a portion of this security is on loan.

(b) 

Non-income producing security.

(c) 

Affiliate of the Fund.

(d) 

Annualized 7-day yield as of period-end.

(e) 

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

     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

     17,897,350        (11,213,399 )      6,683,951      $ 6,686,624      $ 311,066 (a)    $ 2,810      $ (1,689 ) 

BlackRock Cash Funds: Treasury,
SL Agency Shares

     55,060        13,215       68,275        68,275        2,651       —        —  
         

 

 

     

 

 

    

 

 

     

 

 

  
          $ 6,754,899      $ 313,717     $ 2,810      $ (1,689 ) 
         

 

 

     

 

 

    

 

 

     

 

 

  

 

  (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.

 

Futures Contracts

 

 

  
Description  

Number of

Contracts

    

Expiration

Date

    

Notional

Amount

(000)

    

Value/

Unrealized

Appreciation

(Depreciation) 

  

 

  

Long Contracts

           

TOPIX Index

     18        06/13/19      $ 2,497      $ (146,792 ) 
          

 

 

  

 

10

Schedule of Investments  (unaudited) (continued)

May 31, 2019

   

iShares® MSCI Japan Small-Cap 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

   $ 133,828,600     $ —      $ —      $ 133,828,600  

Money Market Funds

     6,754,899       —        —        6,754,899  
 

 

 

    

 

 

     

 

 

     

 

 

  
  $ 140,583,499     $ —      $ —      $ 140,583,499  
 

 

 

    

 

 

     

 

 

     

 

 

  

Derivative financial instruments(a)

         

Liabilities

          

Futures Contracts

   $ (146,792 )    $             —      $             —      $ (146,792 ) 
 

 

 

    

 

 

     

 

 

     

 

 

  

 

  (a)

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

 

 

11