NPORT-EX 2 iShsEdgeMSCIMinVolGlobalETF.htm iShares Edge MSCI Min Vol Global ETF

Schedule of Investments  (unaudited)

November 30, 2019

   

iShares® Edge MSCI Min Vol Global ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    

Australia — 0.4%

    

Newcrest Mining Ltd.

     204,205     $ 4,248,703  

Woolworths Group Ltd.

     626,179       16,840,249  
   

 

 

  
      21,088,952  
Belgium — 0.5%            

Colruyt SA

     126,421       6,551,416  

Proximus SADP

     352,598       10,644,650  

Telenet Group Holding NV(a)

     85,798       3,874,853  

UCB SA

     79,306       6,432,293  
   

 

 

  
      27,503,212  
Brazil — 0.2%            

BB Seguridade Participacoes SA

     417,100       3,398,315  

Magazine Luiza SA

     511,300       5,445,176  

Petrobras Distribuidora SA

     379,800       2,554,576  
   

 

 

  
      11,398,067  
Canada — 4.9%            

Agnico Eagle Mines Ltd.

     543,875       32,315,163  

Barrick Gold Corp.

     2,226,036       37,171,826  

BCE Inc.

     354,351       17,057,936  

CGI Inc.(a)

     185,161       15,344,002  

Empire Co. Ltd., Class A, NVS

     315,441       8,447,383  

Fairfax Financial Holdings Ltd.

     19,256       8,698,507  

Franco-Nevada Corp.

     421,922       41,507,659  

Intact Financial Corp.

     311,949       32,168,383  

Kinross Gold Corp.(a)

     1,633,076       7,057,298  

Kirkland Lake Gold Ltd.

     84,259       3,539,100  

Loblaw Companies Ltd.

     162,918       8,782,179  

Metro Inc.

     122,801       5,378,929  

RioCan REIT

     176,294       3,602,198  

Rogers Communications Inc., Class B, NVS

     129,915       6,300,865  

Shaw Communications Inc., Class B, NVS

     270,691       5,594,179  

TELUS Corp.

     456,076       17,219,809  

Thomson Reuters Corp.

     170,707       11,936,959  

Waste Connections Inc.

     130,036       11,774,760  
   

 

 

  
        273,897,135  
Chile — 0.2%            

Banco de Chile

     81,689,581       8,271,004  

SACI Falabella

     1,303,410       5,217,226  
   

 

 

  
      13,488,230  
China — 1.6%            

Agricultural Bank of China Ltd., Class A

     10,085,099       5,193,217  

Agricultural Bank of China Ltd., Class H

     7,595,000       3,075,743  

Bank of Communications Co. Ltd., Class A

     4,706,800       3,689,140  

Bank of Communications Co. Ltd., Class H

     6,385,000       4,192,635  

China Huishan Dairy Holdings Co. Ltd.(a)(b)

     2,093,055       4,278  

China Minsheng Banking Corp. Ltd., Class A

     3,284,099       2,882,366  

China Mobile Ltd.

     3,360,500       25,329,054  

China Resources Pharmaceutical Group Ltd.(c)

     3,334,500       2,913,734  

China Telecom Corp. Ltd., Class H

     30,622,000       11,579,460  

China Unicom Hong Kong Ltd.

     3,112,000       2,663,652  

COSCO SHIPPING Ports Ltd.

     3,168,000       2,578,028  

CRRC Corp. Ltd., Class A

     2,722,197       2,698,983  

Guangdong Investment Ltd.

     4,077,147       8,427,484  

Industrial & Commercial Bank of China Ltd., Class A

     5,487,851       4,519,898  

Jiangsu Expressway Co. Ltd., Class H

     2,786,000       3,715,735  

Lenovo Group Ltd.

     4,344,000       2,869,085  

Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B

     2,142,400       1,960,296  
Security   Shares     Value  
China (continued)            

Shenzhen International Holdings Ltd.

     2,125,000     $ 4,490,115  
   

 

 

  
      92,782,903  
Denmark — 0.6%            

Carlsberg A/S, Class B

     41,479       5,971,742  

Coloplast A/S, Class B

     86,105       10,180,527  

Novo Nordisk A/S, Class B

     182,485       10,265,522  

Tryg A/S

     283,912       8,169,949  
   

 

 

  
      34,587,740  
Finland — 0.7%            

Elisa OYJ

     320,444       17,139,633  

Nokia OYJ

     2,739,271       9,699,760  

Nordea Bank Abp, New

     23,625       167,547  

Sampo OYJ, Class A

     245,707       9,942,639  
   

 

 

  
      36,949,579  
France — 1.0%            

Eurazeo SE

     39,100       2,666,457  

Getlink SE

     258,362       4,361,360  

Hermes International

     26,314       19,729,400  

Orange SA

     1,656,547       27,397,637  

Pernod Ricard SA

     16,654       3,061,063  
   

 

 

  
      57,215,917  
Germany — 1.2%            

Deutsche Telekom AG, Registered

     2,972,411       49,934,179  

Hannover Rueck SE

     16,791       3,119,569  

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered

     36,971       10,623,159  

Telefonica Deutschland Holding AG

     2,014,778       6,155,762  
   

 

 

  
      69,832,669  
Hong Kong — 2.6%            

CLP Holdings Ltd.

     1,810,254       18,662,770  

Dairy Farm International Holdings Ltd.

     447,900       2,620,215  

Hang Seng Bank Ltd.

     1,317,300       26,858,431  

HK Electric Investments & HK Electric Investments Ltd.

     5,948,500       5,828,622  

HKT Trust & HKT Ltd.

     8,915,000       13,074,536  

Hong Kong & China Gas Co. Ltd.(d)

     5,257,130       10,020,297  

Jardine Matheson Holdings Ltd.

     231,500       13,014,930  

Jardine Strategic Holdings Ltd.(d)

     130,800       4,152,900  

Link REIT

     1,637,500       16,735,333  

MTR Corp. Ltd.

     3,336,000       18,709,131  

PCCW Ltd.

     10,109,000       6,095,555  

Power Assets Holdings Ltd.

     1,227,000       8,535,039  

Yue Yuen Industrial Holdings Ltd.

     980,000       2,898,278  
   

 

 

  
        147,206,037  
Hungary — 0.1%            

OTP Bank Nyrt

     130,886       6,168,059  
   

 

 

  
India — 3.1%            

Asian Paints Ltd.

     342,261       8,140,075  

Avenue Supermarts Ltd.(a)(c)

     149,440       3,796,542  

Bajaj Auto Ltd.

     54,358       2,406,566  

Bajaj Finance Ltd.

     216,107       12,273,401  

Bajaj Finserv Ltd.

     89,551       11,372,462  

Bharat Petroleum Corp. Ltd.

     770,287       5,492,808  

Bosch Ltd.

     16,646       3,745,736  

Britannia Industries Ltd.

     130,695       5,570,672  

Coal India Ltd.

     2,836,440       8,115,411  

Dabur India Ltd.

     971,637       6,218,206  

Dr. Reddy’s Laboratories Ltd.

     70,894       2,879,589  

Eicher Motors Ltd.

     21,761       6,940,891  
 

 

 

1

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® Edge MSCI Min Vol Global ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
India (continued)            

HCL Technologies Ltd.

     541,772     $ 8,516,176  

Hero MotoCorp Ltd.

     88,004       2,985,358  

Hindustan Petroleum Corp. Ltd.

     1,360,485       5,359,443  

Hindustan Unilever Ltd.

     192,550       5,462,931  

Housing Development Finance Corp. Ltd.

     174,955       5,602,584  

Indian Oil Corp. Ltd.

     3,530,905       6,467,481  

Infosys Ltd.

     617,084       5,989,984  

InterGlobe Aviation Ltd.(c)

     213,992       4,308,029  

ITC Ltd.

     728,704       2,502,912  

Larsen & Toubro Ltd.

     145,153       2,692,223  

LIC Housing Finance Ltd.

     490,901       3,175,845  

Mahindra & Mahindra Financial Services Ltd.

     648,733       3,181,832  

Maruti Suzuki India Ltd.

     81,750       8,257,163  

Petronet LNG Ltd.

     1,422,109       5,382,158  

Pidilite Industries Ltd.

     289,211       5,253,068  

Sun Pharmaceutical Industries Ltd.

     472,479       2,962,811  

Tata Consultancy Services Ltd.

     288,446       8,255,818  

Tech Mahindra Ltd.

     420,660       4,465,050  

United Spirits Ltd.(a)

     339,131       2,865,979  

Wipro Ltd.

     386,681       1,281,256  

Wipro Ltd., ADR

     1,567,897       5,691,466  
   

 

 

  
        177,611,926  
Indonesia — 0.7%            

Bank Central Asia Tbk PT

     12,833,000       28,568,323  

Indofood CBP Sukses Makmur Tbk PT

     4,320,600       3,469,039  

Kalbe Farma Tbk PT

     29,879,500       3,230,503  

Unilever Indonesia Tbk PT

     1,252,200       3,710,880  
   

 

 

  
      38,978,745  
Ireland — 0.5%            

AIB Group PLC

     767,000       2,511,712  

Kerry Group PLC, Class A

     195,164       25,047,869  
   

 

 

  
      27,559,581  
Israel — 0.5%            

Azrieli Group Ltd.

     60,688       4,741,223  

Bank Hapoalim BM

     522,853       4,223,385  

Bank Leumi Le-Israel BM

     740,662       5,380,850  

Check Point Software Technologies Ltd.(a)(d)

     27,913       3,290,385  

Mizrahi Tefahot Bank Ltd.

     311,489       8,337,252  

Nice Ltd.(a)

     24,538       3,726,557  
   

 

 

  
      29,699,652  
Italy — 0.4%            

Assicurazioni Generali SpA

     881,401       18,008,065  

Intesa Sanpaolo SpA

     2,160,192       5,479,396  

Snam SpA

     41,715       207,529  
   

 

 

  
      23,694,990  
Japan — 12.3%            

ABC-Mart Inc.

     76,700       5,105,862  

Ajinomoto Co. Inc.

     256,700       4,275,599  

ANA Holdings Inc.

     272,700       9,280,914  

Asahi Group Holdings Ltd.

     62,000       2,981,390  

Canon Inc.

     1,150,100       31,821,779  

Daiwa House REIT Investment Corp.

     4,196       11,471,851  

East Japan Railway Co.

     78,200       7,190,887  

FUJIFILM Holdings Corp.

     212,400       10,031,347  

Hamamatsu Photonics KK

     190,300       7,706,881  

Hankyu Hanshin Holdings Inc.

     75,200       3,227,468  

Japan Airlines Co. Ltd.

     264,700       8,223,079  

Japan Post Bank Co. Ltd.

     969,300       9,382,321  

Japan Post Holdings Co. Ltd.

     3,210,100       30,163,390  
Security   Shares     Value  
Japan (continued)            

Japan Prime Realty Investment Corp.

     1,827     $ 8,316,679  

Japan Real Estate Investment Corp.

     3,039       20,674,413  

Japan Retail Fund Investment Corp.

     6,078       13,836,594  

Japan Tobacco Inc.

     118,600       2,701,559  

KDDI Corp.

     643,300       18,439,583  

Keikyu Corp.

     166,700       3,426,552  

Keio Corp.

     133,000       8,525,797  

Kintetsu Group Holdings Co. Ltd.

     192,200       10,864,012  

Kirin Holdings Co. Ltd.

     126,100       2,790,067  

Kyushu Railway Co.

     372,900       12,684,253  

Lawson Inc.

     115,400       6,280,559  

McDonald’s Holdings Co. Japan Ltd.

     154,700       7,642,471  

MEIJI Holdings Co. Ltd.

     116,300       7,901,306  

Mitsubishi Tanabe Pharma Corp.

     283,100       5,178,059  

Mizuho Financial Group Inc.

     11,487,900       17,749,545  

Nagoya Railroad Co. Ltd.

     397,800       12,659,419  

NEC Corp.

     520,800       20,806,319  

Nippon Building Fund Inc.

     3,100       23,269,108  

Nippon Prologis REIT Inc.

     4,140       11,103,260  

Nippon Telegraph & Telephone Corp.

     631,800       31,887,121  

Nissan Motor Co. Ltd.

     611,100       3,787,916  

Nissin Foods Holdings Co. Ltd.

     41,900       3,137,430  

Nitori Holdings Co. Ltd.

     83,200       13,029,678  

Nomura Real Estate Master Fund Inc.

     9,314       16,993,308  

Nomura Research Institute Ltd.

     159,690       3,367,037  

NTT Data Corp.

     799,000       10,885,837  

NTT DOCOMO Inc.

     1,989,600       54,559,116  

Ono Pharmaceutical Co. Ltd.

     145,400       3,259,584  

Oracle Corp. Japan

     67,700       6,225,358  

Oriental Land Co. Ltd./Japan

     206,800       28,600,000  

Orix JREIT Inc.

     4,786       10,519,498  

Pan Pacific International Holdings Corp.

     233,600       3,784,188  

Sankyo Co. Ltd.

     107,600       3,635,467  

Secom Co. Ltd.

     337,000       28,640,846  

Seibu Holdings Inc.

     135,900       2,393,855  

Seven & i Holdings Co. Ltd.

     77,900       2,900,888  

Shimamura Co. Ltd.

     50,700       4,064,889  

Shionogi & Co. Ltd.

     55,729       3,276,261  

Softbank Corp.

     545,900       7,407,610  

Suntory Beverage & Food Ltd.

     308,400       13,376,860  

Takeda Pharmaceutical Co. Ltd.

     134,100       5,455,351  

Tobu Railway Co. Ltd.

     423,600       15,491,900  

Toho Co. Ltd./Tokyo

     170,600       6,924,637  

Toyo Suisan Kaisha Ltd.

     197,500       8,512,465  

United Urban Investment Corp.

     6,765       13,158,113  

USS Co. Ltd.

     163,500       3,168,176  

West Japan Railway Co.

     199,500       17,556,219  

Yamada Denki Co. Ltd.

     1,438,700       7,173,137  

Yamazaki Baking Co. Ltd.

     232,800       4,266,547  
   

 

 

  
        693,151,615  
Malaysia — 0.7%            

Hong Leong Bank Bhd

     1,483,200       6,001,695  

IHH Healthcare Bhd

     2,113,600       2,717,594  

Malayan Banking Bhd

     3,439,600       7,024,970  

Maxis Bhd(d)

     3,757,600       4,660,450  

Petronas Chemicals Group Bhd

     1,440,300       2,434,698  

Petronas Dagangan Bhd

     481,700       2,641,190  

Public Bank Bhd

     2,412,860       11,334,925  
   

 

 

  
      36,815,522  
 

 

 

2

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® Edge MSCI Min Vol Global ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Netherlands — 0.6%            

Koninklijke Ahold Delhaize NV

     685,891     $ 17,685,224  

Koninklijke KPN NV

     1,839,795       5,671,850  

Unilever NV

     163,029       9,670,863  
   

 

 

  
          33,027,937  
New Zealand — 0.2%            

Auckland International Airport Ltd.

     517,229       2,998,044  

Fisher & Paykel Healthcare Corp. Ltd.

     212,599       3,022,751  

Spark New Zealand Ltd.

     2,435,145       7,096,563  
   

 

 

  
      13,117,358  
Norway — 0.3%            

Telenor ASA

     793,414       14,490,557  
   

 

 

  
Peru — 0.1%            

Cia. de Minas Buenaventura SAA, ADR

     294,256       4,522,715  

Credicorp Ltd.

     13,735       2,900,694  
   

 

 

  
      7,423,409  
Philippines — 0.4%            

Bank of the Philippine Islands

     2,099,259       3,550,749  

BDO Unibank Inc.

     3,115,509       9,306,982  

Jollibee Foods Corp.

     1,037,910       3,921,651  

PLDT Inc.

     144,775       3,062,740  
   

 

 

  
      19,842,122  
Qatar — 0.3%            

Qatar Islamic Bank SAQ

     1,111,882       4,510,049  

Qatar National Bank QPSC

     2,776,692       14,590,234  
   

 

 

  
      19,100,283  
Russia — 0.2%            

Polymetal International PLC

     461,484       6,934,826  

Polyus PJSC

     62,364       6,686,639  
   

 

 

  
      13,621,465  
Saudi Arabia — 0.9%            

Alinma Bank

     1,696,102       10,312,300  

Arab National Bank

     299,646       2,037,593  

Bank AlBilad

     426,675       2,935,524  

Bank Al-Jazira

     967,962       3,515,638  

Jarir Marketing Co.

     125,356       5,288,352  

Saudi Arabian Fertilizer Co.

     331,847       6,486,503  

Saudi Basic Industries Corp.

     137,457       3,335,623  

Saudi Telecom Co.

     470,188       11,685,739  

Yanbu National Petrochemical Co.

     182,533       2,438,641  
   

 

 

  
        48,035,913  
Singapore — 1.1%            

CapitaLand Commercial Trust(d)

     3,614,900       5,313,502  

CapitaLand Mall Trust

     5,715,000       10,531,866  

Oversea-Chinese Banking Corp. Ltd.(d)

     609,300       4,803,286  

SATS Ltd.

     1,625,100       5,918,314  

Singapore Airlines Ltd.

     1,253,500       8,424,195  

Singapore Telecommunications Ltd.

     11,253,800       27,816,625  
   

 

 

  
      62,807,788  
South Korea — 0.5%            

DB Insurance Co. Ltd.

     116,130       5,476,393  

Hyundai Marine & Fire Insurance Co. Ltd.

     122,351       2,900,417  

KT&G Corp.

     32,517       2,692,429  

S-1 Corp.

     40,396       3,201,173  

Samsung Fire & Marine Insurance Co. Ltd.

     21,718       4,275,016  

SK Telecom Co. Ltd.

     47,181       9,826,462  
   

 

 

  
      28,371,890  
Security   Shares     Value  
Sweden — 0.2%            

Telefonaktiebolaget LM Ericsson, Class B

     1,003,690     $ 9,049,007  

Telia Co. AB

     627,305       2,716,400  
   

 

 

  
      11,765,407  
Switzerland — 5.7%            

Chocoladefabriken Lindt & Spruengli AG, Registered

     227       19,375,694  

Givaudan SA, Registered

     3,100       9,116,826  

Kuehne + Nagel International AG, Registered

     71,816       11,684,877  

Nestle SA, Registered

     608,489       63,275,306  

Novartis AG, Registered

     311,702       28,713,950  

Partners Group Holding AG

     9,194       7,757,423  

Roche Holding AG, NVS

     116,848       36,035,977  

Sonova Holding AG, Registered

     33,990       7,764,964  

Swiss Life Holding AG, Registered

     10,132       5,026,713  

Swiss Prime Site AG, Registered

     97,495       10,302,169  

Swiss Re AG

     549,260       59,523,548  

Swisscom AG, Registered

     59,264       30,694,998  

Zurich Insurance Group AG

     84,334       33,105,747  
   

 

 

  
      322,378,192  
Taiwan — 4.2%            

Advantech Co. Ltd.

     722,000       7,087,363  

Asustek Computer Inc.

     1,547,000       11,687,239  

AU Optronics Corp.

     13,965,000       4,018,705  

Chang Hwa Commercial Bank Ltd.

     11,853,732       8,916,378  

Chicony Electronics Co. Ltd.

     1,371,020       3,976,836  

China Development Financial Holding Corp.

     30,189,000       9,607,682  

China Steel Corp.

     10,066,000       7,720,109  

Chunghwa Telecom Co. Ltd.

     8,805,000       32,610,577  

Compal Electronics Inc.

     9,931,000       6,119,297  

CTBC Financial Holding Co. Ltd.

     4,568,000       3,271,359  

E.Sun Financial Holding Co. Ltd.

     13,885,568       12,310,667  

Far EasTone Telecommunications Co. Ltd.

     3,848,000       9,219,410  

First Financial Holding Co. Ltd.

     23,510,606       17,684,679  

Formosa Petrochemical Corp.

     967,000       3,042,625  

Hua Nan Financial Holdings Co. Ltd.

     18,978,332       13,497,970  

Inventec Corp.

     2,709,000       2,028,831  

Lite-On Technology Corp.

     4,472,000       7,094,109  

Mega Financial Holding Co. Ltd.

     22,036,000       21,883,968  

Nan Ya Plastics Corp.

     1,191,000       2,791,056  

Quanta Computer Inc.

     4,759,000       9,405,539  

Synnex Technology International Corp.

     3,235,250       3,907,473  

Taishin Financial Holding Co. Ltd.

     6,322,000       2,952,705  

Taiwan Cooperative Financial Holding Co. Ltd.

     21,461,226       14,595,645  

Taiwan Mobile Co. Ltd.

     3,790,000       14,223,136  

WPG Holdings Ltd.

     3,668,760       4,563,329  
   

 

 

  
        234,216,687  
Thailand — 1.0%            

Advanced Info Service PCL, NVDR

     770,400       5,404,974  

Airports of Thailand PCL, NVDR

     6,092,400       15,222,179  

Bangkok Dusit Medical Services PCL, NVDR

     8,468,200       6,893,943  

Bangkok Expressway & Metro PCL, NVDR

     15,131,400       5,408,095  

BTS Group Holdings PCL, NVDR

     13,230,900       5,998,621  

Bumrungrad Hospital PCL, NVDR

     793,100       3,556,385  

CP ALL PCL, NVDR

     1,209,000       3,040,755  

Home Product Center PCL, NVDR

     9,060,800       4,947,570  

Krung Thai Bank PCL, NVDR

     8,008,100       4,346,251  
   

 

 

  
      54,818,773  
United Arab Emirates — 0.2%            

Emirates Telecommunications Group Co. PJSC

     2,091,177       9,279,824  
 

 

 

3

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® Edge MSCI Min Vol Global ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
United Arab Emirates (continued)            

First Abu Dhabi Bank PJSC

     1,014,776     $ 4,199,283  
   

 

 

  
        13,479,107  
United Kingdom — 1.1%            

Admiral Group PLC

     106,497       2,947,934  

AstraZeneca PLC

     39,022       3,764,424  

Coca-Cola European Partners PLC

     54,053       2,727,514  

Compass Group PLC

     655,519       16,063,733  

Diageo PLC

     118,240       4,840,661  

Direct Line Insurance Group PLC

     3,295,259       13,017,427  

GlaxoSmithKline PLC

     759,184       17,224,365  

RSA Insurance Group PLC

     385,906       2,752,421  
   

 

 

  
      63,338,479  
United States — 50.5%            

Accenture PLC, Class A

     46,470       9,347,905  

Aflac Inc.

     104,062       5,706,760  

AGNC Investment Corp.

     1,254,046       21,720,077  

Alleghany Corp.(a)

     30,476       23,772,499  

Allstate Corp. (The)

     258,560       28,790,656  

Altria Group Inc.

     217,320       10,800,804  

Ameren Corp.

     75,041       5,577,798  

American Electric Power Co. Inc.

     213,318       19,486,599  

American Tower Corp.

     62,868       13,455,638  

American Water Works Co. Inc.

     111,961       13,550,640  

Amphenol Corp., Class A

     119,599       12,438,296  

Annaly Capital Management Inc.

     3,270,234       30,511,283  

Anthem Inc.

     25,552       7,375,840  

Aon PLC

     98,959       20,149,042  

Arch Capital Group Ltd.(a)

     764,740       32,096,138  

Arthur J Gallagher & Co.

     75,019       6,997,022  

AT&T Inc.

     725,009       27,100,836  

Automatic Data Processing Inc.

     111,260       19,000,983  

AutoZone Inc.(a)

     15,225       17,933,832  

AvalonBay Communities Inc.

     159,569       34,213,189  

Baxter International Inc.

     183,051       15,004,691  

Berkshire Hathaway Inc., Class B(a)

     106,680       23,501,604  

Black Knight Inc.(a)(d)

     304,661       19,196,690  

Booz Allen Hamilton Holding Corp.

     149,440       10,873,254  

Bristol-Myers Squibb Co.

     114,719       6,532,100  

Broadridge Financial Solutions Inc.

     140,231       17,347,977  

Burlington Stores Inc.(a)

     27,692       6,230,700  

Camden Property Trust

     76,008       8,478,692  

Campbell Soup Co.

     177,173       8,250,947  

Cboe Global Markets Inc.

     93,309       11,094,440  

CH Robinson Worldwide Inc.

     81,566       6,268,347  

Chevron Corp.

     24,802       2,905,058  

Chubb Ltd.

     175,600       26,599,888  

Church & Dwight Co. Inc.

     241,882       16,989,792  

Cincinnati Financial Corp.

     150,311       16,090,793  

Cisco Systems Inc.

     266,870       12,091,880  

Citrix Systems Inc.

     203,225       22,925,812  

Clorox Co. (The)

     156,596       23,212,225  

CME Group Inc.

     87,855       17,810,844  

CMS Energy Corp.

     146,521       8,981,737  

Coca-Cola Co. (The)

     884,419       47,227,975  

Cognizant Technology Solutions Corp., Class A

     46,030       2,950,983  

Colgate-Palmolive Co.

     194,742       13,207,402  

Comcast Corp., Class A

     333,630       14,729,765  

Consolidated Edison Inc.

     685,337       59,548,932  

Cooper Companies Inc. (The)

     13,246       4,147,190  
Security   Shares     Value  
United States (continued)            

Costco Wholesale Corp.(d)

     30,366     $ 9,104,031  

Crown Castle International Corp.

     163,012         21,788,184  

Danaher Corp.

     87,535       12,778,359  

Darden Restaurants Inc.

     57,089       6,761,621  

Dollar General Corp.

     147,611       23,228,067  

Dominion Energy Inc.

     382,630       31,800,379  

DTE Energy Co.

     98,637       12,323,707  

Duke Energy Corp.

     451,408       39,800,643  

Duke Realty Corp.

     257,980       9,075,736  

Ecolab Inc.

     35,225       6,575,451  

Eli Lilly & Co.

     275,305       32,307,042  

Entergy Corp.

     110,709       12,885,421  

Equity LifeStyle Properties Inc.

     73,273       5,428,064  

Equity Residential

     238,020       20,255,502  

Erie Indemnity Co., Class A, NVS

     20,209       3,421,384  

Essex Property Trust Inc.

     18,203       5,682,613  

Everest Re Group Ltd.

     64,584       17,519,056  

Evergy Inc.

     261,343       16,535,172  

Eversource Energy

     111,091       9,180,560  

Extra Space Storage Inc.

     142,874       15,151,788  

F5 Networks Inc.(a)

     45,210       6,587,549  

Federal Realty Investment Trust

     21,872       2,888,635  

Fidelity National Financial Inc.

     174,851       8,328,153  

Fidelity National Information Services Inc.

     193,968       26,796,679  

Fiserv Inc.(a)

     246,924       28,702,446  

General Mills Inc.

     152,727       8,143,404  

Genuine Parts Co.

     52,720       5,502,386  

Gilead Sciences Inc.

     44,998       3,025,666  

Hartford Financial Services Group Inc. (The)

     253,655       15,691,098  

Healthpeak Properties Inc.

     560,716       19,557,774  

Henry Schein Inc.(a)

     53,318       3,673,610  

Hershey Co. (The)

     224,493       33,260,883  

Home Depot Inc. (The)

     71,360       15,735,594  

Hormel Foods Corp.

     637,374       28,382,264  

Humana Inc.

     18,291       6,241,438  

Intel Corp.

     55,600       3,227,580  

Intercontinental Exchange Inc.

     82,042       7,725,895  

International Business Machines Corp.

     98,962       13,305,441  

Intuit Inc.

     24,316       6,295,169  

Invitation Homes Inc.

     178,757       5,457,451  

Jack Henry & Associates Inc.

     171,911       26,120,157  

JM Smucker Co. (The)

     96,038       10,092,633  

Johnson & Johnson

     345,366       47,484,371  

Juniper Networks Inc.

     120,359       3,016,197  

Kellogg Co.

     335,958       21,877,585  

Kimberly-Clark Corp.

     142,751       19,462,671  

L3Harris Technologies Inc.

     98,186       19,744,223  

Lamb Weston Holdings Inc.

     87,530       7,350,769  

Liberty Broadband Corp., Class C, NVS(a)(d)

     36,418       4,351,587  

Lockheed Martin Corp.

     41,808       16,348,182  

Markel Corp.(a)(d)

     24,827       28,192,300  

Marsh & McLennan Companies Inc.

     251,568       27,186,954  

Mastercard Inc., Class A

     48,855       14,276,897  

McCormick & Co. Inc./MD, NVS

     141,126       23,885,576  

McDonald’s Corp.

     272,161       52,929,871  

Medtronic PLC

     233,172       25,973,029  

Merck & Co. Inc.

     501,089       43,684,939  

Microsoft Corp.

     44,864       6,791,512  

Mid-America Apartment Communities Inc.

     26,310       3,581,054  

Mondelez International Inc., Class A

     107,665       5,656,719  
 

 

 

4

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® Edge MSCI Min Vol Global ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
United States (continued)            

Motorola Solutions Inc.

     240,961     $   40,312,775  

National Retail Properties Inc.

     288,967       16,107,021  

Newmont Goldcorp Corp.

     1,136,937       43,658,381  

NextEra Energy Inc.

     211,768       49,515,594  

NVR Inc.(a)

     759       2,878,045  

Oracle Corp.

     99,233       5,570,941  

O’Reilly Automotive Inc.(a)

     28,637       12,665,572  

Palo Alto Networks Inc.(a)

     20,052       4,556,215  

Paychex Inc.

     428,563       36,907,846  

PepsiCo Inc.

     406,506       55,215,710  

Pfizer Inc.

     510,897       19,679,752  

Philip Morris International Inc.

     34,099       2,827,830  

Pinnacle West Capital Corp.

     125,405       10,959,143  

Procter & Gamble Co. (The)

     304,570       37,175,814  

Progressive Corp. (The)

     196,717       14,370,177  

Public Storage

     161,290       33,980,577  

Raytheon Co.

     14,103       3,066,274  

Realty Income Corp.

     160,939       12,332,756  

RenaissanceRe Holdings Ltd.

     101,411       19,098,734  

Republic Services Inc.

     515,442       45,693,933  

Ross Stores Inc.

     129,019       14,985,557  

Southern Co. (The)

     713,844       44,251,190  

Starbucks Corp.

     288,304       24,629,811  

Stryker Corp.

     25,472       5,218,194  

Sysco Corp.

     188,697       15,199,543  

Target Corp.

     56,902       7,113,319  

TJX Companies Inc. (The)

     401,624       24,551,275  

Travelers Companies Inc. (The)

     160,632       21,961,607  

Tyler Technologies Inc.(a)

     35,713       10,362,841  

Tyson Foods Inc., Class A

     50,257       4,517,602  

UDR Inc.

     375,127       18,024,852  

UnitedHealth Group Inc.

     35,108       9,825,676  

Universal Health Services Inc., Class B

     35,040       4,887,730  

Ventas Inc.

     180,762       10,540,232  

VeriSign Inc.(a)

     45,795       8,734,938  

Verizon Communications Inc.

     878,121       52,898,009  

Visa Inc., Class A(d)

     271,504       50,095,203  

WABCO Holdings Inc.(a)

     26,319       3,546,485  

Walmart Inc.

     359,266       42,784,988  

Walt Disney Co. (The)

     62,518       9,476,478  
Security   Shares     Value  
United States (continued)            

Waste Management Inc.

     549,443     $ 62,037,609  

WEC Energy Group Inc.

     470,297       41,691,829  

Welltower Inc.

     130,104       11,002,895  

Western Union Co. (The)

     928,892       24,968,617  

WP Carey Inc.

     244,998       20,437,733  

WR Berkley Corp.

     334,044       22,714,992  

Xcel Energy Inc.

     656,472       40,366,463  

Yum! Brands Inc.

     328,762       33,096,471  
   

 

 

  
      2,856,859,905  
   

 

 

  

Total Common Stocks — 99.7%
(Cost: $4,845,229,901)

 

     5,636,325,803  
   

 

 

  

Short-Term Investments

    
Money Market Funds — 1.1%            

BlackRock Cash Funds: Institutional,
SL Agency Shares,
    1.82%(e)(f)(g)

     54,517,834       54,539,641  

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    1.57%(e)(f)

     5,687,000       5,687,000  
   

 

 

  
          60,226,641  
   

 

 

  

Total Short-Term Investments — 1.1%
(Cost: $60,223,784)

 

     60,226,641  
   

 

 

  

Total Investments in Securities — 100.8%
(Cost: $4,905,453,685)

 

     5,696,552,444  

Other Assets, Less Liabilities — (0.8)%

 

     (43,372,176 ) 
   

 

 

  

Net Assets — 100.0%

 

   $   5,653,180,268  
   

 

 

  

 

(a) 

Non-income producing security.

(b) 

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

(c) 

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(d) 

All or a portion of this security is on loan.

(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.

 

 

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended November 30, 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
08/31/19		      Net Activity      Shares
Held at
11/30/19		      Value at
11/30/19		      Income      Net Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Cash Funds: Institutional,
SL Agency Shares

      25,414,810        29,103,024        54,517,834      $ 54,539,641      $ 50,357 (a)     $ (1,542 )     $ (4,226 ) 

BlackRock Cash Funds: Treasury,
SL Agency Shares

      10,157,000        (4,470,000 )       5,687,000        5,687,000        54,242        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 60,226,641      $ 104,599      $ (1,542 )     $ (4,226 ) 
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (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.

 

 

 

5

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® Edge MSCI Min Vol Global ETF

    

 

Futures Contracts

 

Description    Number of
Contracts		     

Expiration

Date

     

Notional

Amount

(000)

      Value/
Unrealized
Appreciation
(Depreciation)		  

Long Contracts

            

MSCI EAFE E-Mini

      59        12/20/19      $ 5,833      $ 214,058  

MSCI Emerging Markets E-Mini

      30        12/20/19        1,557        21,424  

S&P 500 E-Mini Index

      42        12/20/19        6,602        299,634  
           

 

 

  
            $ 535,116  
           

 

 

  

Fair Value Measurements

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

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of November 30, 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

    $ 5,636,321,525        $ —        $ 4,278        $ 5,636,325,803  

Money Market Funds

      60,226,641          —          —          60,226,641  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 5,696,548,166        $ —        $ 4,278        $ 5,696,552,444  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative financial instruments(a)

                  

Assets

                  

Futures Contracts

    $ 535,116        $ —        $ —        $ 535,116  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

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

 

 

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

 

 

6