| Consolidated Schedule of Investments (unaudited) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShare® MSCI Emerging Markets Small-Cap ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF |
| (a) | Non-income producing security. |
| (b) | All or a portion of this security is on loan. |
| (c) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
| (d) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
| (e) | Rounds to less than $1. |
| (f) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| (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 period ended May 31, 2020, 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 05/31/20 |
Value at 05/31/20 |
Income | Net Realized Gain (Loss)(a) |
Change in Unrealized Appreciation (Depreciation) |
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| BlackRock Cash Funds: Institutional, |
17,922,363 | (9,263,029 | ) | 8,659,334 | $ | 8,672,323 | $ | 465,456 | (b) | $ | 732 | $ | 4,879 | |||||||||||||||
| BlackRock Cash Funds: Treasury, |
110,000 | 590,000 | 700,000 | 700,000 | 3,304 | — | — | |||||||||||||||||||||
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| $ | 9,372,323 | $ | 468,760 | $ | 732 | $ | 4,879 | |||||||||||||||||||||
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| (a) | Includes realized capital gain distributions from an affiliated fund, if any. |
| (b) | Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent. |
Futures Contracts
| Description | Number of Contracts |
Expiration Date |
Notional Amount (000) |
Value/ Unrealized Appreciation (Depreciation) |
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| Long Contracts |
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| MSCI Emerging Markets E-Mini Index |
18 | 06/19/20 | $ | 840 | $ | 56,115 | ||||||||||
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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.
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| Consolidated Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® MSCI Emerging Markets Small-Cap ETF |
Fair Value Measurements (continued)
The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of May 31, 2020. The breakdown of the Fund’s investments into major categories is disclosed in the Consolidated Schedule of Investments above.
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Investments |
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| Assets |
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| Common Stocks |
$ | 164,665,714 | $ | 5,605,178 | $ | 392,381 | $ | 170,663,273 | ||||||||
| Preferred Stocks |
2,087,872 | — | — | 2,087,872 | ||||||||||||
| Rights |
— | 0 | (a) | — | — | |||||||||||
| Money Market Funds |
9,372,323 | — | — | 9,372,323 | ||||||||||||
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| $ | 176,125,909 | $ | 5,605,178 | $ | 392,381 | $ | 182,123,468 | |||||||||
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| Derivative financial instruments(b) |
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| Assets |
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| Futures Contracts |
$ | 56,115 | $ | — | $ | — | $ | 56,115 | ||||||||
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| (a) | Rounds to less than $1. |
| (b) | Shown at the unrealized appreciation (depreciation) on the contracts. |
| Portfolio Abbreviations — Equity | ||
| ADR | American Depositary Receipt | |
| GDR | Global Depositary Receipt | |
| JSC | Joint Stock Company | |
| NVDR | Non-Voting Depositary Receipt | |
| NVS | Non-Voting Shares | |
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