NPORT-EX 2 NPORT_474583121549136.htm iShares Edge MSCI Min Vol Global ETF

Schedule of Investments  (unaudited) 

May 31, 2020

   

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.

     218,367     $ 4,432,632  

Woolworths Group Ltd.

     673,834       15,807,263  
   

 

 

  
      20,239,895  
Belgium — 0.5%            

Colruyt SA

     135,490       8,195,731  

Proximus SADP

     370,326       7,742,261  

Telenet Group Holding NV

     95,304       3,907,579  

UCB SA

     84,858       8,495,258  
   

 

 

  
      28,340,829  
Canada — 5.3%            

Agnico Eagle Mines Ltd.

     585,275       37,300,589  

Barrick Gold Corp.

     2,380,769       57,030,286  

BCE Inc.

     372,299       15,415,043  

CGI Inc.(a)

    212,151       13,503,867  

Empire Co. Ltd., Class A, NVS

     354,229       7,985,657  

Fairfax Financial Holdings Ltd.

     20,197       5,588,733  

Franco-Nevada Corp.

     449,185       62,805,305  

Intact Financial Corp.

     328,684       31,256,131  

Kirkland Lake Gold Ltd.

     86,353       3,314,301  

Loblaw Companies Ltd.

     181,093       8,930,183  

Metro Inc.

     138,509       5,754,006  

Rogers Communications Inc., Class B, NVS

     138,322       5,774,258  

Shaw Communications Inc., Class B, NVS

     288,827       4,854,183  

TELUS Corp.

     972,618       16,789,658  

Thomson Reuters Corp.

     178,281       11,894,859  

Waste Connections Inc.(b)

    141,593       13,315,406  
   

 

 

  
          301,512,465  
Chile — 0.1%            

Banco de Chile

     94,113,950       7,949,192  
   

 

 

  
China — 2.6%            

Agricultural Bank of China Ltd., Class A

     10,829,199       5,139,342  

Agricultural Bank of China Ltd., Class H

     7,575,000       3,058,928  

Alibaba Group Holding Ltd., ADR(a)

    24,805       5,144,309  

Alibaba Pictures Group Ltd.(a)

    29,450,000       3,571,539  

Bank of Communications Co. Ltd., Class A

     5,017,700       3,578,969  

Bank of Communications Co. Ltd., Class H

     6,835,000       4,144,562  

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

    2,093,055       3  

China International Travel Service Corp. Ltd., Class A

     287,800       4,066,608  

China Minsheng Banking Corp. Ltd., Class A

     3,524,499       2,799,252  

China Mobile Ltd.

     3,568,500       24,907,218  

China Telecom Corp. Ltd., Class H

     33,492,000       11,104,946  

China Unicom Hong Kong Ltd.

     4,294,000       2,487,429  

China United Network Communications Ltd., Class A

     3,811,547       2,638,853  

CRRC Corp. Ltd., Class A

     3,586,497       2,923,584  

Guangdong Investment Ltd.

     4,275,147       8,416,816  

Industrial & Commercial Bank of China Ltd., Class A

     5,736,551       4,099,710  

Jiangsu Expressway Co. Ltd., Class H

     2,966,000       3,493,689  

Lenovo Group Ltd.

     4,834,000       2,625,615  

Postal Savings Bank of China Co. Ltd., Class H(d)

    24,394,000       15,515,730  

SF Holding Co. Ltd., Class A

     433,900       2,760,554  

Shenzhen International Holdings Ltd.

     2,232,500       3,727,074  

Xiaomi Corp., Class B(a)(d)

    8,327,000       12,913,242  

ZTE Corp., Class A(a)

    568,100       2,858,659  

ZTO Express Cayman Inc., ADR

     490,939       16,014,430  
   

 

 

  
      147,991,061  
Denmark — 0.8%            

Carlsberg A/S, Class B

     43,592       5,637,744  
Security   Shares     Value  
Denmark (continued)            

Coloplast A/S, Class B

     118,392     $ 19,877,177  

Novo Nordisk A/S, Class B

     196,345       12,783,068  

Tryg A/S

     296,677       8,314,943  
   

 

 

  
      46,612,932  
Finland — 0.6%            

Elisa OYJ

     347,467       21,791,138  

Nokia OYJ

     2,930,109       11,621,053  
   

 

 

  
      33,412,191  
France — 0.9%            

Eurazeo SE(a)

    59,158       2,882,232  

Hermes International

     28,026       23,312,446  

Orange SA

     1,810,823       21,844,738  
   

 

 

  
      48,039,416  
Germany — 1.0%            

Deutsche Telekom AG, Registered(a)

    3,216,178       50,711,262  

Telefonica Deutschland Holding AG

     2,168,183       6,670,976  
   

 

 

  
      57,382,238  
Hong Kong — 2.6%            

BeiGene Ltd., ADR(a)

    43,531       7,206,122  

CLP Holdings Ltd.

     1,924,254       18,855,256  

Dairy Farm International Holdings Ltd.

     577,500       2,437,050  

Hang Seng Bank Ltd.(b)

    1,384,900       21,065,632  

HK Electric Investments & HK Electric Investments Ltd.

     6,513,500       6,453,836  

HKT Trust & HKT Ltd.(b)

    9,265,000       13,172,533  

Hong Kong & China Gas Co. Ltd.

     11,703,130       19,688,919  

Jardine Matheson Holdings Ltd.

     230,700       9,262,605  

Jardine Strategic Holdings Ltd.

     189,100       3,772,545  

Link REIT

     1,749,900       13,083,048  

MTR Corp. Ltd.

     3,513,000       16,837,563  

PCCW Ltd.

     10,432,000       5,720,036  

Power Assets Holdings Ltd.

     1,310,500       7,295,584  
   

 

 

  
     
     144,850,729
  
Hungary — 0.1%            

OTP Bank Nyrt(a)

    140,831       4,690,463  
   

 

 

  
India — 2.3%            

Asian Paints Ltd.

     368,316       8,198,141  

Avenue Supermarts Ltd.(a)(d)

    158,113       4,745,193  

Bajaj Auto Ltd.

     82,349       2,951,839  

Bajaj Finserv Ltd.

     96,346       5,612,477  

Bharat Petroleum Corp. Ltd.

     819,812       3,716,550  

Coal India Ltd.

     3,018,297       5,640,128  

Dabur India Ltd.

     1,045,617       6,450,043  

Dr. Reddy’s Laboratories Ltd.

     78,715       4,238,090  

Eicher Motors Ltd.

     22,756       4,980,101  

HCL Technologies Ltd.

     1,128,756       8,213,816  

Hero MotoCorp Ltd.

     94,664       2,955,549  

Hindustan Petroleum Corp. Ltd.

     1,486,858       3,825,477  

Hindustan Unilever Ltd.

     206,248       5,611,549  

Housing Development Finance Corp. Ltd.

     188,275       4,130,453  

Indian Oil Corp. Ltd.

     3,879,319       4,268,386  

Infosys Ltd.

     664,064       6,068,381  

InterGlobe Aviation Ltd.(d)

    223,465       2,853,295  

ITC Ltd.

     1,210,174       3,158,419  

Larsen & Toubro Ltd.

     259,480       3,199,051  

Maruti Suzuki India Ltd.

     87,563       6,497,261  

Petronet LNG Ltd.

     1,530,379       5,111,298  

Pidilite Industries Ltd.

     293,047       5,690,711  

Sun Pharmaceutical Industries Ltd.

     527,201       3,306,499  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

iShares® Edge MSCI Min Vol Global ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
India (continued)            

Tata Consultancy Services Ltd.

     301,335     $ 7,859,925  

Tech Mahindra Ltd.

     452,655       3,175,387  

United Spirits Ltd.(a)

    364,916       2,867,064  

Wipro Ltd.

     327,582       921,885  

Wipro Ltd., ADR

     1,425,832       4,719,504  
   

 

 

  
          130,966,472  
Indonesia — 0.5%            

Bank Central Asia Tbk PT

     13,809,500       24,528,167  

Indofood CBP Sukses Makmur Tbk PT

     74,500       41,559  

Kalbe Farma Tbk PT

     30,423,600       2,946,570  

Unilever Indonesia Tbk PT

     251,800       133,570  
   

 

 

  
      27,649,866  
Ireland — 0.5%            

AIB Group PLC(a)

    102,175       113,540  

Kerry Group PLC, Class A

     210,014       26,000,679  
   

 

 

  
      26,114,219  
Israel — 0.5%            

Azrieli Group Ltd.

     65,278       3,426,564  

Bank Hapoalim BM

     552,466       3,392,003  

Bank Leumi Le-Israel BM

     747,078       3,953,538  

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

    30,028       3,293,171  

Mizrahi Tefahot Bank Ltd.

     335,204       6,565,536  

Nice Ltd.(a)

    26,383       4,770,689  
   

 

 

  
      25,401,501  
Italy — 0.3%            

Assicurazioni Generali SpA

     946,029       13,138,151  

Intesa Sanpaolo SpA(a)

    2,240,442       3,868,821  
   

 

 

  
      17,006,972  
Japan — 12.0%            

ABC-Mart Inc.

     81,200       4,936,743  

Ajinomoto Co. Inc.

     274,700       4,683,937  

ANA Holdings Inc.(a)

    280,000       6,754,722  

Canon Inc.

     1,259,200       25,935,534  

Chugai Pharmaceutical Co. Ltd.

     203,100       29,955,530  

Daiwa House REIT Investment Corp.

     4,359       10,778,648  

East Japan Railway Co.

     89,800       7,043,301  

FUJIFILM Holdings Corp.

     222,600       10,291,647  

Hamamatsu Photonics KK

     198,300       8,982,262  

Hankyu Hanshin Holdings Inc.

     76,200       2,815,018  

Japan Airlines Co. Ltd.

     282,700       5,555,074  

Japan Post Bank Co. Ltd.

     1,010,300       8,346,099  

Japan Post Holdings Co. Ltd.

     3,436,100       25,008,085  

Japan Tobacco Inc.

     144,900       2,874,867  

KDDI Corp.

     692,200       20,148,876  

Keikyu Corp.

     175,700       2,937,167  

Keio Corp.

     151,600       9,005,801  

Keyence Corp.

     57,500       23,670,349  

Kintetsu Group Holdings Co. Ltd.

     214,400       10,527,461  

Kirin Holdings Co. Ltd.

     142,400       2,917,789  

Kyushu Railway Co.

     367,200       10,412,549  

Lawson Inc.

     123,200       6,815,538  

McDonald’s Holdings Co. Japan Ltd.(b)

    162,000       8,616,142  

MEIJI Holdings Co. Ltd.

     123,000       9,259,108  

Mizuho Financial Group Inc.

     12,312,000       15,370,715  

Nagoya Railroad Co. Ltd.

     417,900       12,606,627  

NEC Corp.

     551,900       24,768,520  

Nippon Building Fund Inc.

     3,122       19,589,474  

Nippon Prologis REIT Inc.

     4,336       12,235,058  

Nippon Telegraph & Telephone Corp.

     1,358,400       30,815,702  
Security   Shares     Value  
Japan (continued)            

Nissan Motor Co. Ltd.

     766,000     $ 2,850,414  

Nissin Foods Holdings Co. Ltd.

     41,900       3,500,255  

Nitori Holdings Co. Ltd.

     92,100       16,699,991  

Nomura Research Institute Ltd.

     168,690       4,459,360  

NTT Data Corp.

     851,500       9,840,047  

NTT DOCOMO Inc.

     2,868,200       78,576,993  

Ono Pharmaceutical Co. Ltd.

     149,200       4,261,274  

Oracle Corp. Japan(a)

    71,000       8,290,528  

Oriental Land Co. Ltd.

     220,100       31,901,067  

Pan Pacific International Holdings Corp.

     558,000       11,244,424  

Sankyo Co. Ltd.

     1,500       38,637  

Secom Co. Ltd.

     359,100       31,111,889  

Seibu Holdings Inc.

     220,700       2,884,351  

Seven & i Holdings Co. Ltd.

     82,400       2,819,964  

Shimamura Co. Ltd.

     50,100       3,524,927  

Shionogi & Co. Ltd.

     57,729       3,408,495  

Softbank Corp.

     598,000       7,582,197  

Suntory Beverage & Food Ltd.

     326,400       13,330,487  

Takeda Pharmaceutical Co. Ltd.

     141,800       5,516,163  

Tobu Railway Co. Ltd.

     455,100       16,136,650  

Toho Co. Ltd.

     191,700       7,046,290  

Toyo Suisan Kaisha Ltd.

     207,600       10,848,731  

USS Co. Ltd.

     165,200       2,879,710  

West Japan Railway Co.

     225,200       14,529,774  

Yamada Denki Co. Ltd.

     1,544,100       7,510,172  

Yamazaki Baking Co. Ltd.

     243,400       4,362,606  
   

 

 

  
          678,813,739  
Malaysia — 0.6%            

Hong Leong Bank Bhd

     1,572,900       4,920,400  

IHH Healthcare Bhd

     2,271,100       2,836,590  

Malayan Banking Bhd

     3,501,600       6,040,713  

Maxis Bhd(b)

    4,000,000       4,857,964  

Petronas Chemicals Group Bhd

     2,033,600       2,946,907  

Petronas Dagangan Bhd

     569,500       3,075,759  

Public Bank Bhd

     2,643,160       8,912,875  
   

 

 

  
      33,591,208  
Netherlands — 0.6%            

Koninklijke Ahold Delhaize NV

     738,708       18,743,011  

Koninklijke KPN NV

     2,053,602       5,034,648  

Unilever NV

     173,272       8,960,438  
   

 

 

  
      32,738,097  
New Zealand — 0.2%            

Fisher & Paykel Healthcare Corp. Ltd.

     228,754       4,246,844  

Spark New Zealand Ltd.

     2,540,054       6,952,342  
   

 

 

  
      11,199,186  
Norway — 0.2%            

Telenor ASA

     870,905       13,206,730  
   

 

 

  
Peru — 0.1%            

Credicorp Ltd.

     20,553       2,832,614  
   

 

 

  
Philippines — 0.2%            

BDO Unibank Inc.

     3,314,149       6,573,302  

Jollibee Foods Corp.

     51,370       110,311  

PLDT Inc.

     164,535       4,144,254  
   

 

 

  
      10,827,867  
Qatar — 0.3%            

Qatar Islamic Bank SAQ

     868,491       3,652,510  
 

 

 

2   

Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

iShares® Edge MSCI Min Vol Global ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Qatar (continued)            

Qatar National Bank QPSC

     2,896,636     $ 13,985,615  
   

 

 

  
      17,638,125  
Russia — 0.4%            

Polymetal International PLC

     520,629       10,417,555  

Polyus PJSC

     65,724       10,860,457  
   

 

 

  
      21,278,012  
Saudi Arabia — 0.9%            

Alinma Bank(a)

    2,417,120       9,654,863  

Arab National Bank

     538,539       2,895,516  

Bank AlBilad

     454,025       2,683,252  

Bank Al-Jazira

     1,041,627       3,179,998  

Jarir Marketing Co.

     144,105       5,324,768  

Saudi Arabian Fertilizer Co.

     360,362       7,403,001  

Saudi Basic Industries Corp.

     147,897       3,340,099  

Saudi Telecom Co.

     550,956       14,991,282  

Yanbu National Petrochemical Co.

     212,004       2,878,501  
   

 

 

  
      52,351,280  
Singapore — 0.8%            

CapitaLand Commercial Trust

     3,889,400       4,815,657  

CapitaLand Mall Trust

     6,025,800       8,654,573  

Oversea-Chinese Banking Corp. Ltd.(b)

    654,300       3,958,020  

SATS Ltd.

     251,000       472,379  

Singapore Airlines Ltd.(b)

    1,339,600       3,620,541  

Singapore Exchange Ltd.

     397,600       2,329,226  

Singapore Telecommunications Ltd.

     12,378,400       21,807,143  
   

 

 

  
      45,657,539  
South Korea — 0.3%            

DB Insurance Co. Ltd.

     32,205       1,128,586  

Hyundai Marine & Fire Insurance Co. Ltd.

     131,666       2,578,142  

S-1 Corp.

     42,680       3,211,899  

SK Telecom Co. Ltd.

     49,683       8,665,290  
   

 

 

  
      15,583,917  
Sweden — 0.2%            

Telefonaktiebolaget LM Ericsson, Class B

     1,082,049       9,838,950  

Telia Co. AB

     836,043       2,865,414  
   

 

 

  
      12,704,364  
Switzerland — 4.9%            

Chocoladefabriken Lindt & Spruengli AG, Registered

     241       20,921,620  

Givaudan SA, Registered

     3,325       11,930,129  

Kuehne + Nagel International AG,
Registered(a)

    75,453       10,869,882  

Nestle SA, Registered

     659,440       71,291,182  

Novartis AG, Registered

     334,309       28,893,178  

Partners Group Holding AG

     9,869       8,160,647  

Roche Holding AG, NVS

     126,337       43,751,764  

Sonova Holding AG, Registered

     37,009       8,109,081  

Swiss Prime Site AG, Registered

     104,875       9,759,368  

Swisscom AG, Registered

     63,253       32,907,098  

Zurich Insurance Group AG

     90,724       29,227,728  
   

 

 

  
          275,821,677  
Taiwan — 4.3%            

Advantech Co. Ltd.

     838,000       8,289,292  

Asustek Computer Inc.

     1,600,000       11,217,319  

AU Optronics Corp.

     15,000,000       3,786,844  

Chang Hwa Commercial Bank Ltd.

     12,368,732       7,744,618  

Chicony Electronics Co. Ltd.

     1,451,020       4,156,127  

China Development Financial Holding Corp.

     30,440,000       9,215,640  

China Steel Corp.

     10,357,000       6,829,929  

Chunghwa Telecom Co. Ltd.

     9,435,000       34,723,314  
Security   Shares     Value  
Taiwan (continued)            

Compal Electronics Inc.

     10,449,000     $ 6,646,991  

CTBC Financial Holding Co. Ltd.

     4,883,000       3,244,491  

E.Sun Financial Holding Co. Ltd.

     10,199,568       9,053,072  

Far EasTone Telecommunications Co. Ltd.

     3,751,000       8,082,921  

First Financial Holding Co. Ltd.

     24,495,606       18,641,952  

Formosa Petrochemical Corp.

     1,012,000       2,955,950  

Hua Nan Financial Holdings Co. Ltd.

     19,414,332       12,576,478  

Inventec Corp.

     4,045,000       3,287,194  

Lite-On Technology Corp.

     5,207,000       8,341,605  

Mega Financial Holding Co. Ltd.

     23,336,000       23,899,484  

Nan Ya Plastics Corp.

     1,281,000       2,683,594  

Quanta Computer Inc.

     4,896,000       11,414,488  

Synnex Technology International Corp.

     3,460,250       5,116,906  

Taishin Financial Holding Co. Ltd.

     11,026,000       4,773,955  

Taiwan Cooperative Financial Holding Co. Ltd.

     23,081,226       15,682,165  

Taiwan Mobile Co. Ltd.

     4,054,000       14,514,738  

WPG Holdings Ltd.

     3,895,760       5,092,709  
   

 

 

  
          241,971,776  
Thailand — 0.8%            

Advanced Info Service PCL, NVDR

     826,300       5,000,401  

Airports of Thailand PCL, NVDR

     6,479,500       12,629,016  

Bangkok Dusit Medical Services PCL, NVDR

     9,111,700       6,444,931  

Bangkok Expressway & Metro PCL, NVDR

     16,283,400       5,042,172  

BTS Group Holdings PCL, NVDR

     14,234,400       5,414,531  

Bumrungrad Hospital PCL, NVDR

     845,700       3,190,317  

CP ALL PCL, NVDR(a)

    1,293,000       2,865,655  

Home Product Center PCL, NVDR

     9,200,300       4,280,555  
   

 

 

  
      44,867,578  
United Arab Emirates — 0.2%            

Emirates Telecommunications Group Co. PJSC

     2,140,636       9,114,669  

First Abu Dhabi Bank PJSC

     956,356       2,884,833  
   

 

 

  
      11,999,502  
United Kingdom — 0.4%            

Admiral Group PLC

     114,597       3,305,308  

AstraZeneca PLC

     41,992       4,454,283  

Direct Line Insurance Group PLC

     68,605       224,424  

GlaxoSmithKline PLC

     786,992       16,265,919  
   

 

 

  
      24,249,934  
United States — 52.9%            

Accenture PLC, Class A

     49,980       10,076,968  

AGNC Investment Corp.

     74,923       969,504  

Alleghany Corp.

     32,043       16,441,263  

Allstate Corp. (The)

     276,565       27,050,823  

Altria Group Inc.

     229,836       8,975,096  

Ameren Corp.

     80,335       6,003,435  

American Electric Power Co. Inc.

     227,279       19,375,535  

American Tower Corp.

     67,264       17,365,547  

American Water Works Co. Inc.(b)

    118,475       15,046,325  

Amphenol Corp., Class A

     128,689       12,426,210  

Anthem Inc.

     26,963       7,930,088  

Aon PLC

     103,418       20,368,175  

Arthur J Gallagher & Co.

     80,689       7,607,359  

AT&T Inc.

     780,179       24,076,324  

Automatic Data Processing Inc.

     117,603       17,227,663  

AutoZone Inc.(a)

    16,350       18,767,511  

Baxter International Inc.

     196,956       17,728,010  

Berkshire Hathaway Inc., Class B(a)

    115,416       21,418,901  

Black Knight Inc.(a)

    333,775       25,693,999  

Booz Allen Hamilton Holding Corp.

     161,444       12,876,773  
 

 

 

     3  

Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

iShares® Edge MSCI Min Vol Global ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
United States (continued)            

Bristol-Myers Squibb Co.

     123,449     $ 7,372,374  

Broadridge Financial Solutions Inc.

     148,621           17,998,003  

Brown & Brown Inc.

     270,689       10,881,698  

Camden Property Trust

     17,864       1,635,806  

Campbell Soup Co.

     187,097       9,538,205  

Cboe Global Markets Inc.

     98,288       10,463,740  

CH Robinson Worldwide Inc.

     320,869       26,032,102  

Chubb Ltd.

     184,582       22,507,929  

Church & Dwight Co. Inc.

     259,278       19,463,999  

Cincinnati Financial Corp.

     156,019       9,197,320  

Cisco Systems Inc.

     847,021       40,504,544  

Citrix Systems Inc.(b)

    245,289       36,332,207  

Clorox Co. (The)

     167,410       34,528,312  

CME Group Inc.

     92,786       16,942,724  

CMS Energy Corp.

     160,087       9,377,896  

Coca-Cola Co. (The)

     951,739       44,427,177  

Cognizant Technology Solutions Corp., Class A

     53,063       2,812,339  

Colgate-Palmolive Co.

     209,280       15,137,222  

Comcast Corp., Class A

     360,864       14,290,214  

Consolidated Edison Inc.

     733,172       55,031,890  

Cooper Companies Inc. (The)

     13,995       4,436,135  

Costco Wholesale Corp.

     32,272       9,954,944  

Crown Castle International Corp.

     175,169       30,157,095  

Danaher Corp.(b)

    94,195       15,693,829  

Dollar General Corp.

     243,011       46,539,037  

Dominion Energy Inc.

     409,852       34,841,519  

Duke Energy Corp.

     485,745       41,594,344  

Duke Realty Corp.(b)

    266,484       9,188,368  

Ecolab Inc.

     37,256       7,919,880  

Eli Lilly & Co.

     293,627       44,910,250  

Entergy Corp.

     122,959       12,519,685  

Equity Residential

     255,155       15,452,187  

Erie Indemnity Co., Class A, NVS

     20,994       3,783,959  

Everest Re Group Ltd.

     69,489       13,787,312  

Evergy Inc.

     286,419       17,669,188  

Eversource Energy

     114,297       9,566,659  

Extra Space Storage Inc.

     157,140       15,203,295  

F5 Networks Inc.(a)(b)

    47,353       6,862,397  

Fidelity National Information Services Inc.

     208,728       28,977,708  

Fiserv Inc.(a)

    265,689       28,367,615  

General Mills Inc.

     162,379       10,236,372  

Genuine Parts Co.

     54,396       4,537,170  

Gilead Sciences Inc.

     905,622       70,484,560  

Hartford Financial Services Group Inc. (The)

     26,365       1,009,516  

Henry Schein Inc.(a)

    55,458       3,367,410  

Hershey Co. (The)

     241,924       32,824,248  

Home Depot Inc. (The)

     77,225       19,188,868  

Hormel Foods Corp.(b)

    691,922       33,786,551  

Humana Inc.

     19,461       7,991,660  

Intel Corp.

     59,255       3,728,917  

Intercontinental Exchange Inc.

     88,252       8,582,507  

International Business Machines Corp.

     105,580       13,186,942  

Intuit Inc.

     25,637       7,442,934  

Jack Henry & Associates Inc.

     182,490       33,005,141  

JM Smucker Co. (The)

     101,603       11,575,630  

Johnson & Johnson

     371,646       55,282,342  

Juniper Networks Inc.

     138,185       3,352,368  

Kellogg Co.

     356,810       23,303,261  

Keysight Technologies Inc.(a)

    461,440       49,895,507  

Kimberly-Clark Corp.

     152,773       21,608,213  
Security   Shares     Value  
United States (continued)            

L3Harris Technologies Inc.

     104,573     $ 20,857,085  

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

    263,081       35,942,126  

Lockheed Martin Corp.

     44,114       17,135,642  

Markel Corp.(a)

    26,139       23,457,661  

Marsh & McLennan Companies Inc.

     270,693       28,671,803  

Mastercard Inc., Class A

     52,545       15,810,265  

McCormick & Co. Inc./MD, NVS

     150,475       26,357,201  

McDonald’s Corp.

     292,465       54,492,079  

Medtronic PLC

     250,902       24,733,919  

Merck & Co. Inc.

     840,391       67,836,362  

Microsoft Corp.

     48,239       8,839,797  

Mondelez International Inc., Class A

     109,898       5,727,884  

Motorola Solutions Inc.

     257,460       34,842,062  

Newmont Corp.

     1,216,248       71,114,021  

NextEra Energy Inc.

     227,303       58,089,555  

Oracle Corp.

     102,958       5,536,052  

O’Reilly Automotive Inc.(a)

    30,797       12,849,740  

Palo Alto Networks Inc.(a)

    20,925       4,923,025  

Paychex Inc.

     457,995       33,103,879  

PepsiCo Inc.

     437,421       57,542,733  

Pfizer Inc.

     549,777       20,995,984  

Philip Morris International Inc.

     39,873       2,925,083  

Procter & Gamble Co. (The)

     327,745       37,992,200  

Progressive Corp. (The)

     203,954       15,843,147  

Public Storage

     173,626       35,200,935  

Regeneron Pharmaceuticals Inc.(a)

    133,299       81,686,960  

RenaissanceRe Holdings Ltd.

     109,106       18,314,533  

Republic Services Inc.

     553,196       47,276,130  

Ross Stores Inc.

     138,829       13,460,860  

Southern Co. (The)

     765,883       43,708,943  

Starbucks Corp.

     307,394       23,973,658  

Stryker Corp.

     27,216       5,326,988  

Target Corp.

     84,822       10,376,275  

TJX Companies Inc. (The)

     432,179       22,801,764  

TransUnion

     34,799       3,002,806  

Travelers Companies Inc. (The)

     169,948       18,181,037  

Tyler Technologies Inc.(a)

    96,799       36,329,633  

UnitedHealth Group Inc.

     37,148       11,324,568  

Universal Health Services Inc., Class B

     36,648       3,864,532  

VeriSign Inc.(a)

    47,874       10,484,885  

Verizon Communications Inc.

     1,406,935       80,729,930  

Visa Inc., Class A(b)

    292,159       57,041,123  

Walmart Inc.(b)

    412,144       51,130,585  

Walt Disney Co. (The)

     66,397       7,788,368  

Waste Management Inc.

     584,153       62,358,333  

WEC Energy Group Inc.

     502,692       46,111,937  

Western Union Co. (The)

     987,073       19,761,201  

WR Berkley Corp.

     342,365       19,840,052  

Xcel Energy Inc.

     702,638       45,692,549  
   

 

 

  
          2,985,104,623  
   

 

 

  

Total Common Stocks — 99.3%
(Cost: $5,063,705,582)

       5,600,598,209  
   

 

 

  

Warrants

    

Thailand — 0.0%

    

BTS Group Holdings PCL (Expires 02/16/21)(a)

    1       0 (e)  
   

 

 

  

Total Warrants — 0.0%
(Cost: $0)

       0 (e)  
   

 

 

  
 

 

 

4   

Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

iShares® Edge MSCI Min Vol Global ETF

(Percentages shown are based on Net Assets)

 

 

Security   Shares     Value  

Short-Term Investments

    
Money Market Funds — 2.0%            

BlackRock Cash Funds: Institutional,
SL Agency Shares,
    0.69%(f)(g)(h)

    103,696,305     $ 103,851,850  

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    0.16%(f)(g)

    10,418,000       10,418,000  
   

 

 

  
          114,269,850  
   

 

 

  

Total Short-Term Investments — 2.0%
(Cost: $114,100,742)

 

     114,269,850  
   

 

 

  

Total Investments in Securities — 101.3%
(Cost: $5,177,806,324)

 

     5,714,868,059  

Other Assets, Less Liabilities — (1.3)%

 

     (73,985,773 ) 
   

 

 

  

Net Assets — 100.0%

 

   $     5,640,882,286  
   

 

 

  

 

 

(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) 

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.

(e) 

Rounds to less than $1.

(f) 

Affiliate of the Fund.

(g) 

Annualized 7-day yield as of period-end.

(h) 

All or a portion of this security was purchased with cash 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)		  
 
 
 

BlackRock Cash Funds: Institutional,
SL Agency Shares

      25,414,810        78,281,495        103,696,305      $ 103,851,850      $ 326,293 (b)     $ (21,063 )     $ 162,026  

BlackRock Cash Funds: Treasury,
SL Agency Shares

      10,157,000        261,000        10,418,000        10,418,000        105,250        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 114,269,850      $ 431,543      $ (21,063 )     $ 162,026  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (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)		  

Long Contracts

            

2-Year U.S. Treasury Note

      27        09/30/20      $ 5,963      $ 1,413  

MSCI EAFE E-Mini Index

      152        06/19/20        13,114        1,068,178  

MSCI Emerging Markets E-Mini Index

      85        06/19/20        3,965        219,114  

S&P 500 E-Mini Index

      106        06/19/20        16,123        1,579,897  
           

 

 

  
            $ 2,868,602  
           

 

 

  

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.

 

 

     5  

Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

iShares® Edge MSCI Min Vol Global 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 Schedule of Investments above.

 

      Level 1      Level 2        Level 3        Total  

Investments

                

Assets

                

Common Stocks

    $ 5,548,246,926      $ 52,351,280        $ 3        $ 5,600,598,209  

Warrants

      0 (a)        —          —          0 (a)  

Money Market Funds

      114,269,850        —          —          114,269,850  
  

 

 

     

 

 

       

 

 

       

 

 

  
   $ 5,662,516,776      $ 52,351,280        $ 3        $ 5,714,868,059  
  

 

 

     

 

 

       

 

 

       

 

 

  

Derivative financial instruments(b)

               

Assets

                

Futures Contracts

    $ 2,868,602      $ —        $ —        $ 2,868,602  
  

 

 

     

 

 

       

 

 

       

 

 

  

 

  (a) 

Rounds to less than $1.

 
  (b) 

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