Schedule of Investments  (unaudited)  November 30, 2019 iShares^® MSCI Global Metals & Mining  Producers ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Australia — 27.0%
Alumina Ltd.		754,528	$	1,178,938
BHP Group Ltd.		908,048		23,481,008
BHP Group PLC		651,928		14,419,902
BlueScope Steel Ltd.		158,992		1,564,739
Fortescue Metals Group Ltd.		426,816		2,809,035
Galaxy Resources Ltd.(a)(b)		119,020		74,467
Iluka Resources Ltd.		131,328		845,664
Independence Group NL		155,040		613,484
Jupiter Mines Ltd.		476,520		80,580
Lynas Corp. Ltd.(a)		201,856		296,282
Mineral Resources Ltd.		53,048		557,242
Mount Gibson Iron Ltd.		122,056		66,460
Orocobre Ltd.(a)(b)		63,080		107,522
OZ Minerals Ltd.		100,168		714,801
Perenti Global Ltd.		187,720		246,964
Pilbara Minerals Ltd.(a)(b)		501,904		101,846
Rio Tinto Ltd.		114,152		7,481,884
Sandfire Resources NL		50,920		192,533
Sims Metal Management Ltd.(b)		53,048		387,163
South32 Ltd.		1,543,712		2,819,251
Syrah Resources Ltd.(a)		13,331		3,156
Western Areas Ltd.		90,896		170,920
				58,213,841
Austria — 0.4%
voestalpine AG		35,416		939,145
Belgium — 0.1%
Bekaert SA		11,552		303,910
Brazil — 5.6%
Cia. Siderurgica Nacional SA		197,600		586,963
Vale SA(a)		978,988		11,571,984
				12,158,947
Canada — 3.5%
Altius Minerals Corp.		12,312		102,612
ERO Copper Corp.(a)		19,304		297,935
First Quantum Minerals Ltd.		213,104		1,949,342
HudBay Minerals, Inc.		74,480		242,799
Ivanhoe Mines Ltd., Class A(a)		182,552		482,407
Labrador Iron Ore Royalty Corp.		19,456		370,005
Largo Resources Ltd.(a)		89,376		68,634
Lithium Americas Corp.(a)(b)		14,744		43,069
Lucara Diamond Corp.		111,872		69,065
Lundin Mining Corp.		204,592		1,107,485
Major Drilling Group International Inc.(a)		26,144		105,698
Stelco Holdings Inc.		10,792		86,369
Teck Resources Ltd., Class B		152,912		2,394,556
Turquoise Hill Resources Ltd.(a)		244,568		112,318
				7,432,294
Chile — 0.1%
CAP SA		20,520		132,999
China — 2.2%
Aluminum Corp. of China Ltd., Class A(a)		243,200		113,471
Aluminum Corp. of China Ltd., Class H(a)		1,216,000		372,827
Angang Steel Co. Ltd., Class A		106,483		47,713
Baoshan Iron & Steel Co. Ltd., Class A		349,699		272,101
China Hongqiao Group Ltd.		532,000		279,329
China Metal Recycling Holdings Ltd.(a)(c)		132,000		0	(d)

Security	Shares		Value
China (continued)
China Molybdenum Co. Ltd., Class A		243,200	$	123,158
China Molybdenum Co. Ltd., Class H		1,242,000		425,226
China Northern Rare Earth Group High-Tech Co. Ltd., Class A		76,070		107,559
China Oriental Group Co. Ltd.		304,000		125,441
China Zhongwang Holdings Ltd.		486,400		194,492
Ganfeng Lithium Co. Ltd., Class A		15,200		60,000
GEM Co. Ltd., Class A		75,999		43,784
Guangdong HEC Technology Holding Co. Ltd., Class A		60,800		76,455
Hesteel Co. Ltd., Class A		197,600		70,833
Hunan Valin Steel Co. Ltd., Class A(a)		76,000		48,757
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A		881,698		160,538
Inner Mongolia Eerduosi Resources Co. Ltd., Class B		158,596		114,665
Jiangxi Copper Co. Ltd., Class A		15,200		30,465
Jiangxi Copper Co. Ltd., Class H		456,000		526,036
Jinchuan Group International Resources Co. Ltd.		760,000		58,254
Jinduicheng Molybdenum Co. Ltd., Class A		60,800		62,098
Maanshan Iron & Steel Co. Ltd., Class A		91,200		35,676
Maanshan Iron & Steel Co. Ltd., Class H		304,000		115,343
MMG Ltd.(a)		742,000		162,093
Nanjing Iron & Steel Co. Ltd., Class A		91,200		42,811
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A(a)		167,200		66,357
Sansteel Minguang Co. Ltd. Fujian, Class A		45,600		54,746
Shandong Nanshan Aluminum Co. Ltd., Class A		228,000		70,055
Shanxi Taigang Stainless Steel Co. Ltd., Class A		121,600		67,979
Shenghe Resources Holding Co. Ltd.		45,600		52,800
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., Class A		60,800		34,422
Shougang Fushan Resources Group Ltd.		608,000		132,043
Tiangong International Co. Ltd.		304,000		117,674
Tongling Nonferrous Metals Group Co. Ltd., Class A		212,800		64,476
Western Mining Co. Ltd., Class A(a)		60,800		46,962
Xiamen Tungsten Co. Ltd., Class A		30,399		52,366
Xinxing Ductile Iron Pipes Co. Ltd., Class A		91,200		51,633
Xinyu Iron & Steel Co. Ltd., Class A		60,800		41,514
Yintai Gold Co. Ltd., Class A		30,400		52,195
Yunnan Tin Co. Ltd., Class A(a)		30,400		41,730
Zhejiang Huayou Cobalt Co. Ltd., Class A		15,200		65,925
				4,682,002
Egypt — 0.0%
Ezz Steel Co. SAE(a)		77,504		54,474
Finland — 0.1%
Outokumpu OYJ		97,736		280,293
France — 0.3%
APERAM SA		15,504		464,976
Eramet		2,888		129,219
				594,195
Germany — 1.1%
Aurubis AG		10,184		482,393
Salzgitter AG		12,312		243,675
thyssenkrupp AG(b)		125,400		1,573,468
				2,299,536
India — 2.0%
APL Apollo Tubes Ltd.		2,128		46,452
Hindalco Industries Ltd.		355,528		991,935
Jindal Saw Ltd.		45,296		50,892
Jindal Steel & Power Ltd.(a)		125,967		282,707
JSW Steel Ltd.		257,640		939,338

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Schedule of Investments  (unaudited) (continued) November 30, 2019 iShares^® MSCI Global Metals & Mining Producers ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
India (continued)
MOIL Ltd.		25,840	$	49,906
National Aluminium Co. Ltd.		163,400		101,132
Tata Steel Ltd., GDR(b)(e)		102,904		605,075
Vedanta Ltd.		394,136		794,453
Vedanta Ltd., ADR		53,656		431,931
Welspun Corp. Ltd.		17,291		33,551
				4,327,372
Indonesia — 0.1%
Aneka Tambang Tbk		2,614,438		139,017
Krakatau Steel Persero Tbk PT(a)		942,453		17,372
Timah Tbk PT		896,867		44,827
				201,216
Japan — 6.7%
Asahi Holdings Inc.		15,200		361,019
Daido Steel Co. Ltd.		12,600		567,811
Dowa Holdings Co. Ltd.		15,200		543,403
Hitachi Metals Ltd.		65,300		913,520
JFE Holdings Inc.		152,000		1,936,262
Kobe Steel Ltd.		106,400		543,125
Kyoei Steel Ltd.		10,100		190,176
Maruichi Steel Tube Ltd.		15,200		437,220
Mitsubishi Materials Corp.		34,500		921,176
Mitsui Mining & Smelting Co. Ltd.		15,200		381,839
Nakayama Steel Works Ltd.		15,200		67,041
Neturen Co. Ltd.		15,200		121,867
Nippon Denko Co. Ltd.		60,800		97,715
Nippon Light Metal Holdings Co. Ltd.		182,400		371,429
Nippon Steel Corp.		248,305		3,640,340
Sumitomo Metal Mining Co. Ltd.		76,000		2,301,306
Toho Titanium Co. Ltd.		15,200		133,942
Tokyo Steel Manufacturing Co. Ltd.		30,400		232,074
UACJ Corp.		13,238		297,133
Yamato Kogyo Co. Ltd.		15,200		374,066
				14,432,464
Malaysia — 0.2%
Press Metal Aluminium Holdings Bhd		440,800		496,052
Mexico — 1.3%
Grupo Mexico SAB de CV, Series B		1,079,200		2,826,153
Netherlands — 2.0%
AMG Advanced Metallurgical Group NV(b)		10,032		236,269
ArcelorMittal		205,352		3,515,868
Constellium SE(a)		37,544		530,872
				4,283,009
Norway — 0.7%
Norsk Hydro ASA		416,632		1,474,788
Peru — 0.5%
Southern Copper Corp.		26,600		1,011,598
Poland — 0.5%
Jastrzebska Spolka Weglowa SA		17,176		91,786
KGHM Polska Miedz SA(a)		43,016		988,772
				1,080,558
Qatar — 0.1%
Qatar Aluminum Manufacturing Co.		869,592		190,368
Russia — 3.8%
Alrosa PJSC		804,082		974,607

Security	Shares		Value
Russia (continued)
Magnitogorsk Iron & Steel Works PJSC		684,000	$	414,902
Mechel PJSC, ADR(a)		40,584		75,080
MMC Norilsk Nickel PJSC		19,456		5,160,214
Novolipetsk Steel PJSC		366,320		737,656
Raspadskaya OJSC		168		268
Severstal PJSC		64,904		916,957
				8,279,684
Saudi Arabia — 0.7%
Saudi Arabian Mining Co.(a)		131,936		1,511,107
South Africa — 2.4%
African Rainbow Minerals Ltd.		35,720		370,022
Anglo American Platinum Ltd.		16,720		1,383,516
Impala Platinum Holdings Ltd.(a)		245,328		1,885,207
Kumba Iron Ore Ltd.		19,608		502,986
Northam Platinum Ltd.(a)		110,808		809,149
Royal Bafokeng Platinum Ltd.(a)		36,936		110,382
				5,061,262
South Korea — 3.1%
Dongkuk Steel Mill Co. Ltd.(a)		17,328		87,436
Hyundai Steel Co.		24,928		670,079
KISWIRE Ltd.		1,672		31,072
Korea Zinc Co. Ltd.		2,584		888,205
Namsun Aluminum Co. Ltd.(a)		18,848		48,032
Poongsan Corp.		5,776		103,916
POSCO		24,168		4,716,356
Seah Besteel Corp.		3,800		50,993
SeAH Steel Holdings Corp.		1		40
Young Poong Corp.		152		81,202
				6,677,331
Spain — 0.3%
Acerinox SA		50,464		529,263
Tubacex SA(b)		39,520		123,752
				653,015
Sweden — 1.5%
Boliden AB		84,512		2,180,750
Granges AB		22,800		227,592
SSAB AB, Class A		68,856		214,362
SSAB AB, Class B		192,280		540,553
				3,163,257
Switzerland — 0.0%
Schmolz + Bickenbach AG, Registered(a)		2,612		568
Taiwan — 1.8%
China Metal Products		152,011		154,699
China Steel Corp.		3,648,612		2,798,300
Chung Hung Steel Corp.		310,000		99,166
Feng Hsin Steel Co. Ltd.		152,000		269,520
Hsin Kuang Steel Co. Ltd.		152,000		139,493
TA Chen Stainless Pipe		304,610		290,528
Tung Ho Steel Enterprise Corp.		152,000		112,591
Yieh Phui Enterprise Co. Ltd.		353,644		106,404
				3,970,701
Turkey — 0.4%
Eregli Demir ve Celik Fabrikalari TAS		419,520		585,801
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D(b)		228,912		95,256
Koza Anadolu Metal Madencilik Isletmeleri AS(a)		63,992		102,392
				783,449

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Schedule of Investments  (unaudited) (continued) November 30, 2019 iShares^® MSCI Global Metals & Mining  Producers ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
United Kingdom — 19.2%
Anglo American PLC		319,656	$	8,379,074
Antofagasta PLC		121,904		1,368,687
Central Asia Metals PLC		55,176		150,948
Evraz PLC		155,496		745,001
Ferrexpo PLC		90,440		167,755
Glencore PLC		3,347,192		10,559,881
Hill & Smith Holdings PLC		25,080		440,873
KAZ Minerals PLC		80,408		509,118
Rio Tinto PLC		348,992		18,966,466
				41,287,803
United States — 10.9%
AK Steel Holding Corp.(a)(b)		96,520		266,395
Alcoa Corp.(a)		57,760		1,175,416
Allegheny Technologies Inc.(a)(b)		38,912		897,311
Carpenter Technology Corp.		14,440		759,111
Century Aluminum Co.(a)(b)		17,480		123,234
Cleveland-Cliffs Inc.(b)		84,208		672,822
Commercial Metals Co.		36,632		782,460
Compass Minerals International Inc.		10,488		579,672
Coronado Global Resources Inc.(f)		61,104		81,835
Freeport-McMoRan Inc.		447,944		5,097,603
Haynes International Inc.		4,256		156,280
Kaiser Aluminum Corp.		4,864		532,997
Materion Corp.		6,232		366,816
Nucor Corp.		93,784		5,285,666
Reliance Steel & Aluminum Co.		20,520		2,420,950
Ryerson Holding Corp.(a)		6,384		68,053
Schnitzer Steel Industries Inc., Class A		8,208		176,882
Steel Dynamics Inc.		68,096		2,296,878
SunCoke Energy Inc.		26,904		137,748
TimkenSteel Corp.(a)(b)		11,856		69,002
U.S. Steel Corp.(b)		52,744		692,001
Warrior Met Coal Inc.(b)		14,592		299,574
Worthington Industries Inc.		12,160		465,728
				23,404,434
Total Common Stocks — 98.6% (Cost: $248,188,335)				212,207,825
Preferred Stocks
Brazil — 1.1%
Bradespar SA, Preference Shares, NVS		76,000		614,715

Security	Shares		Value
Brazil (continued)
Cia. Ferro Ligas da Bahia-Ferbasa, Preference Shares, NVS		15,200	$	70,243
Gerdau SA, Preference Shares, NVS		334,400		1,344,465
Metalurgica Gerdau SA, Preference Shares, NVS		212,800		392,555
				2,421,978
Total Preferred Stocks — 1.1% (Cost: $999,056)				2,421,978
Short-Term Investments
Money Market Funds — 2.7%
BlackRock Cash Funds: Institutional, SL Agency Shares,     1.82%(g)(h)(i)		5,596,841		5,599,080
BlackRock Cash Funds: Treasury, SL Agency Shares,     1.57%(g)(h)		180,000		180,000
				5,779,080
Total Short-Term Investments — 2.7% (Cost: $5,778,398)				5,779,080
Total Investments in Securities — 102.4% (Cost: $254,965,789)				220,408,883
Other Assets, Less Liabilities — (2.4)%				(5,214,178	)
Net Assets — 100.0%			$	215,194,705

^(a)  Non-income producing security.

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

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

^(d)  Rounds to less than $1.

^(e)  This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(f)  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.

^(g)  Affiliate of the Fund.

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

⁽ⁱ⁾  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		3,540,139		2,056,702			5,596,841	$	5,599,080	$	22,901	(a)	$	(29	)	$	(509	)
BlackRock Cash Funds: Treasury, SL Agency Shares		186,000		(6,000	)		180,000		180,000		1,042			—			—
								$	5,779,080	$	23,943		$	(29	)	$	(509	)

^(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.

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Schedule of Investments  (unaudited) (continued) November 30, 2019 iShares^® MSCI Global Metals & Mining  Producers 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 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	$	212,133,358	$	—	$	74,467	$	212,207,825
Preferred Stocks		2,421,978		—		—		2,421,978
Money Market Funds		5,779,080		—		—		5,779,080
	$	220,334,416	$	—	$	74,467	$	220,408,883

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

4