NPORT-EX 2 NPORT_5632768399303875.htm iShares MSCI Global Min Vol Factor ETF

Schedule of Investments (unaudited)

November 30, 2020

   

iShares® MSCI Global Min Vol Factor ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Australia — 0.4%            

Newcrest Mining Ltd.

     212,486     $ 4,216,439  

Woolworths Group Ltd.

     660,522       17,998,379  
   

 

 

  
      22,214,818  
Belgium — 0.4%            

Etablissements Franz Colruyt NV

     115,021       6,882,155  

Proximus SADP

     315,950       6,617,716  

UCB SA

     82,931       8,884,532  
   

 

 

  
      22,384,403  
Canada — 4.8%            

Agnico Eagle Mines Ltd.

     503,355       33,058,526  

Barrick Gold Corp.

     2,334,945       53,711,483  

BCE Inc.

     319,975       13,901,221  

CGI Inc.(a)

    207,824       15,381,125  

Empire Co. Ltd., Class A, NVS

     124,416       3,412,103  

Franco-Nevada Corp.

     397,188       52,983,941  

Intact Financial Corp.

     292,925       32,841,325  

Kirkland Lake Gold Ltd.

     86,839       3,565,633  

Loblaw Companies Ltd.

     177,984       8,817,481  

Metro Inc.

     135,459       6,236,194  

Rogers Communications Inc., Class B, NVS

     135,811       6,420,080  

Shaw Communications Inc., Class B, NVS

     275,171       4,794,630  

TELUS Corp.

     882,171       17,052,538  

Thomson Reuters Corp.

     171,863       13,651,962  

Waste Connections Inc.

     138,938       14,446,773  
   

 

 

  
        280,275,015  
Chile — 0.1%            

Banco de Chile

     92,474,133       8,095,691  
   

 

 

  
China — 4.5%            

Agricultural Bank of China Ltd., Class A

     9,318,999       4,659,535  

Agricultural Bank of China Ltd., Class H

     7,865,000       2,982,664  

Alibaba Group Holding Ltd., ADR(a)

    24,169       6,365,148  

Alibaba Pictures Group Ltd.(a)

    25,170,000       3,376,562  

Anhui Conch Cement Co. Ltd., Class A

     497,500       4,271,879  

Bank of Communications Co. Ltd., Class A

     4,910,400       3,514,918  

Bank of Communications Co. Ltd., Class H

     6,668,000       3,689,870  

BeiGene Ltd., ADR(a)(b)

    42,474       10,860,177  

China Conch Venture Holdings Ltd.

     2,201,000       10,447,830  

China Construction Bank Corp., Class H

     13,351,000       10,470,697  

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

    2,093,055       3  

China Minsheng Banking Corp. Ltd., Class A

     3,663,899       2,951,187  

China Mobile Ltd.

     3,528,000       21,115,666  

China Telecom Corp. Ltd., Class H

     27,488,000       8,296,926  

China Tourism Group Duty Free Corp. Ltd., Class A

     243,400       7,146,693  

China Tower Corp. Ltd., Class H(d)

    43,158,000       6,791,714  

China Unicom Hong Kong Ltd.

     4,624,000       2,779,470  

China Yangtze Power Co. Ltd., Class A

     2,324,500       7,104,263  

CITIC Securities Co. Ltd., Class A

     654,900       3,015,748  

Gree Electric Appliances Inc. of Zhuhai, Class A

     288,700       2,923,878  

Guangdong Investment Ltd.

     4,155,147       6,903,359  

Hangzhou Hikvision Digital Technology Co. Ltd., Class A

     610,000       4,233,877  

Hansoh Pharmaceutical Group Co. Ltd.(a)(d)

    2,474,000       11,887,327  

Industrial & Commercial Bank of China Ltd., Class A

     6,778,451       5,480,491  

Industrial & Commercial Bank of China Ltd., Class H

     14,021,000       8,898,203  

Jiangsu Expressway Co. Ltd., Class H

     2,548,000       2,865,986  

Jiangsu Hengrui Medicine Co. Ltd., Class A

     662,100       8,652,646  

Lenovo Group Ltd.

     4,750,000       3,388,262  

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

    20,701,000       11,695,631  
Security   Shares     Value  
China (continued)            

SF Holding Co. Ltd., Class A

     475,000     $ 5,775,120  

Shenzhen International Holdings Ltd.

     2,122,000       3,487,169  

Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A

     127,200       6,521,466  

Tencent Holdings Ltd.

     221,000       16,049,403  

WuXi AppTec Co. Ltd., Class A

     181,900       2,856,515  

Xiaomi Corp., Class B(a)(d)

    8,143,600       27,836,878  

ZTO Express Cayman Inc., ADR

     480,127       13,558,787  
   

 

 

  
        262,855,948  
Denmark — 1.5%            

Coloplast A/S, Class B

     247,532       37,059,190  

Novo Nordisk A/S, Class B

     604,399       40,765,972  

Tryg A/S

     252,890       7,351,997  
   

 

 

  
      85,177,159  
Finland — 0.3%            

Elisa OYJ

     296,097       15,938,598  
   

 

 

  
France — 0.8%            

Hermes International

     26,958       26,358,816  

Orange SA

     1,774,646       22,480,775  
   

 

 

  
      48,839,591  
Germany — 1.1%            

Deutsche Telekom AG, Registered

     3,158,735       57,111,680  

Telefonica Deutschland Holding AG

     2,152,413       5,957,891  
   

 

 

  
      63,069,571  
Hong Kong — 2.7%            

CLP Holdings Ltd.

     1,889,254       17,741,076  

Hang Seng Bank Ltd.

     1,594,500       27,786,772  

HK Electric Investments & HK Electric Investments Ltd.

     5,527,000       5,560,864  

HKT Trust & HKT Ltd.

     7,879,000       10,305,458  

Hong Kong & China Gas Co. Ltd.(b)

    13,890,886       21,394,025  

Jardine Matheson Holdings Ltd.

     455,600       24,178,692  

Jardine Strategic Holdings Ltd.

     185,000       4,419,650  

Link REIT

     1,716,300       15,054,292  

MTR Corp. Ltd.

     3,216,000       17,443,766  

PCCW Ltd.

     8,905,000       5,410,197  

Power Assets Holdings Ltd.

     1,287,500       6,775,879  
   

 

 

  
      156,070,671  
India — 2.7%            

Asian Paints Ltd.

     356,528       10,665,089  

Avenue Supermarts Ltd.(a)(d)

    154,631       4,779,898  

Bajaj Auto Ltd.

     80,535       3,451,185  

Bharat Petroleum Corp. Ltd.

     819,909       4,129,646  

Coal India Ltd.

     2,569,929       4,356,885  

Dabur India Ltd.

     1,012,988       6,836,579  

Dr. Reddy’s Laboratories Ltd.

     77,715       5,067,524  

Eicher Motors Ltd.

     228,229       7,811,368  

HCL Technologies Ltd.

     1,132,679       12,573,894  

Hero MotoCorp Ltd.

     97,378       4,087,887  

Hindustan Petroleum Corp. Ltd.

     1,429,777       4,041,844  

Hindustan Unilever Ltd.

     198,682       5,736,475  

Housing Development Finance Corp. Ltd.

     191,313       5,828,677  

Indian Oil Corp. Ltd.

     3,846,170       4,393,768  

Infosys Ltd.

     645,391       9,586,363  

ITC Ltd.

     1,183,523       3,094,799  

Larsen & Toubro Ltd.

     253,766       3,846,089  

Maruti Suzuki India Ltd.

     85,893       8,160,364  

MRF Ltd.

     2,854       2,995,913  

Petronet LNG Ltd.

     1,441,781       4,891,518  
 

 

 

  1

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® MSCI Global Min Vol Factor ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
India (continued)            

Pidilite Industries Ltd.

     316,566     $ 6,593,892  

Sun Pharmaceutical Industries Ltd.

     515,590       3,562,179  

Tata Consultancy Services Ltd.

     301,415       10,906,395  

Tech Mahindra Ltd.

     463,816       5,491,732  

Wipro Ltd.

     523,855       2,479,348  

Wipro Ltd., ADR

     1,367,566       7,042,965  

Yes Bank Ltd.(a)

    14,502,229       2,878,660  
   

 

 

  
        155,290,936  
Indonesia — 0.4%            

Bank Central Asia Tbk PT

     9,357,600       20,560,874  

Kalbe Farma Tbk PT

     30,890,700       3,292,529  
   

 

 

  
      23,853,403  
Ireland — 0.5%            

Kerry Group PLC, Class A

     200,930       28,217,366  
   

 

 

  
Israel — 0.4%            

Azrieli Group Ltd.

     60,819       3,717,284  

Bank Hapoalim BM

     541,691       3,551,777  

Bank Leumi Le-Israel BM

     775,778       4,361,323  

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

    29,883       3,516,631  

Mizrahi Tefahot Bank Ltd.

     72,617       1,552,555  

Nice Ltd.(a)

    25,791       6,206,322  
   

 

 

  
      22,905,892  
Italy — 0.2%            

DiaSorin SpA

     52,367       11,062,467  

Infrastrutture Wireless Italiane SpA(d)

    245,344       3,166,653  
   

 

 

  
      14,229,120  
Japan — 11.8%            

ABC-Mart Inc.

     68,800       3,589,278  

Ajinomoto Co. Inc.

     268,100       5,606,253  

ANA Holdings Inc.(a)

    238,700       5,762,908  

Asahi Intecc Co. Ltd.

     91,000       3,338,048  

Canon Inc.

     1,234,000       21,934,491  

Chugai Pharmaceutical Co. Ltd.

     689,400       33,347,721  

Daiwa House REIT Investment Corp.

     2,333       5,622,469  

East Japan Railway Co.

     88,400       5,500,256  

FUJIFILM Holdings Corp.

     217,700       11,743,587  

Hamamatsu Photonics KK

     292,100       16,443,318  

Hankyu Hanshin Holdings Inc.

     82,800       2,707,725  

Japan Post Bank Co. Ltd.

     847,300       6,679,267  

Japan Post Holdings Co. Ltd.

     3,280,800       24,311,428  

Japan Tobacco Inc.

     141,700       2,880,882  

KDDI Corp.

     681,500       19,492,436  

Keikyu Corp.

     173,600       2,975,049  

Keio Corp.

     149,000       10,588,252  

Keyence Corp.

     66,100       33,780,571  

Kintetsu Group Holdings Co. Ltd.

     210,600       9,351,024  

Kirin Holdings Co. Ltd.

     139,300       3,037,147  

Kyushu Railway Co.

     311,600       6,568,178  

Lawson Inc.

     104,600       4,744,742  

LINE Corp.(a)

    75,100       3,874,735  

McDonald’s Holdings Co. Japan Ltd.

     138,600       6,738,931  

MEIJI Holdings Co. Ltd.

     122,400       8,662,786  

Mizuho Financial Group Inc.

     1,209,800       15,401,674  

MonotaRO Co. Ltd.

     100,400       6,133,282  

Nagoya Railroad Co. Ltd.

     390,400       10,752,614  

NEC Corp.

     540,500       29,182,594  

Nippon Paint Holdings Co. Ltd.

     31,300       4,013,244  

Nippon Prologis REIT Inc.

     4,249       13,344,977  
Security   Shares     Value  
Japan (continued)            

Nippon Telegraph & Telephone Corp.

     1,323,000     $ 31,274,946  

Nissan Motor Co. Ltd.(a)

    749,200       3,538,538  

Nissin Foods Holdings Co. Ltd.

     38,200       3,157,842  

Nitori Holdings Co. Ltd.

     96,900       20,657,751  

Nomura Research Institute Ltd.

     170,590       5,766,768  

NTT Data Corp.

     820,500       10,921,640  

Obic Co. Ltd.

     109,600       24,668,540  

Odakyu Electric Railway Co. Ltd.

     159,600       4,844,248  

Ono Pharmaceutical Co. Ltd.

     145,900       4,621,508  

Oracle Corp. Japan

     80,000       8,876,528  

Oriental Land Co. Ltd.

     216,300       36,850,343  

Pan Pacific International Holdings Corp.

     645,000       15,259,794  

Rinnai Corp.

     75,500       8,818,892  

Secom Co. Ltd.

     352,200       35,110,228  

Seibu Holdings Inc.

     254,500       2,526,085  

Seven & i Holdings Co. Ltd.

     89,500       2,843,572  

Shimamura Co. Ltd.

     46,200       4,785,040  

Shimano Inc.

     13,900       3,297,876  

Shionogi & Co. Ltd.

     57,229       3,069,593  

Softbank Corp.

     2,412,500       29,718,113  

Suntory Beverage & Food Ltd.

     290,600       10,631,877  

Sysmex Corp.

     121,400       12,725,025  

Takeda Pharmaceutical Co. Ltd.

     139,300       5,002,911  

Tobu Railway Co. Ltd.

     394,400       11,838,619  

Toho Co. Ltd.

     188,100       7,973,167  

Toyo Suisan Kaisha Ltd.

     184,500       9,076,816  

USS Co. Ltd.

     165,200       3,460,051  

Welcia Holdings Co. Ltd.

     189,500       7,623,615  

West Japan Railway Co.

     221,300       10,110,508  

Yamada Holdings Co. Ltd.

     1,511,500       7,189,681  

Yamazaki Baking Co. Ltd.

     241,500       4,011,297  
   

 

 

  
        688,361,279  
Kuwait — 0.2%            

Mobile Telecommunications Co. KSC

     4,465,844       8,483,425  

National Bank of Kuwait SAKP

     1,076,848       2,957,503  
   

 

 

  
      11,440,928  
Malaysia — 0.6%            

Hong Leong Bank Bhd

     1,381,600       5,826,188  

IHH Healthcare Bhd

     2,331,700       3,216,533  

Malayan Banking Bhd

     3,515,300       6,816,610  

Maxis Bhd(b)

    3,761,200       4,523,780  

Petronas Chemicals Group Bhd

     1,988,800       3,134,044  

Petronas Dagangan Bhd

     605,400       3,084,954  

Public Bank Bhd

     2,064,360       8,816,854  
   

 

 

  
      35,418,963  
Netherlands — 0.5%            

Koninklijke Ahold Delhaize NV

     724,853       20,800,979  

Koninklijke KPN NV

     2,008,375       6,003,640  
   

 

 

  
      26,804,619  
New Zealand — 0.2%            

Fisher & Paykel Healthcare Corp. Ltd.

     220,620       5,569,458  

Spark New Zealand Ltd.

     2,487,902       7,973,148  
   

 

 

  
      13,542,606  
Norway — 0.2%            

Telenor ASA

     853,507       14,595,176  
   

 

 

  
Peru — 0.0%            

Credicorp Ltd.

     21,396       3,293,058  
   

 

 

  
 

 

 

2  

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® MSCI Global Min Vol Factor ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Philippines — 0.2%            

BDO Unibank Inc.

     3,173,969     $ 6,819,280  

PLDT Inc.

     161,805       4,422,042  
   

 

 

  
      11,241,322  
Qatar — 0.3%            

Qatar Islamic Bank SAQ

     628,685       2,823,151  

Qatar National Bank QPSC

     2,800,918       13,377,970  
   

 

 

  
      16,201,121  
Russia — 0.4%            

Polymetal International PLC

     490,679       10,233,731  

Polyus PJSC

     64,431       12,232,162  
   

 

 

  
      22,465,893  
Saudi Arabia — 1.0%            

Alinma Bank(a)

    2,049,180       8,818,260  

Arab National Bank

     540,605       2,940,421  

Bank AlBilad

     456,965       3,216,519  

Bank Al-Jazira

     837,776       3,064,653  

Jarir Marketing Co.

     123,138       5,778,352  

Saudi Arabian Fertilizer Co.

     362,045       7,915,451  

Saudi Basic Industries Corp.

     143,152       3,698,456  

Saudi Telecom Co.

     715,705       20,570,841  

Yanbu National Petrochemical Co.

     221,495       3,631,937  
   

 

 

  
      59,634,890  
Singapore — 0.6%            

Oversea-Chinese Banking Corp. Ltd.(b)

    609,600       4,586,675  

Singapore Airlines Ltd.(a)(b)

    1,251,400       4,053,949  

Singapore Exchange Ltd.

     500,400       3,320,561  

Singapore Telecommunications Ltd.(b)

    12,119,200       21,620,429  
   

 

 

  
      33,581,614  
South Korea — 0.2%            

Hyundai Marine & Fire Insurance Co. Ltd.

     6,596       132,927  

S-1 Corp.

     3,898       277,586  

SK Telecom Co. Ltd.

     48,508       10,411,324  
   

 

 

  
      10,821,837  
Sweden — 0.3%            

Telefonaktiebolaget LM Ericsson, Class B

     1,056,170       12,952,358  

Telia Co. AB

     817,631       3,477,185  
   

 

 

  
      16,429,543  
Switzerland — 5.1%            

Chocoladefabriken Lindt & Spruengli AG, Registered

     211       18,832,210  

EMS-Chemie Holding AG, Registered

     3,627       3,327,321  

Givaudan SA, Registered

     3,173       12,982,207  

Kuehne + Nagel International AG, Registered

     74,264       16,874,080  

Nestle SA, Registered

     645,142       72,103,687  

Novartis AG, Registered

     329,568       29,949,806  

Partners Group Holding AG

     9,171       9,877,085  

Roche Holding AG, NVS

     257,491       85,057,642  

Sonova Holding AG, Registered(a)

    36,629       9,107,686  

Swiss Prime Site AG, Registered

     99,052       8,950,021  

Swisscom AG, Registered

     54,054       28,660,024  
   

 

 

  
      295,721,769  
Taiwan — 4.0%            

Advantech Co. Ltd.

     802,482       8,643,522  

Asustek Computer Inc.

     1,474,000       12,876,976  

AU Optronics Corp.(a)

    14,341,000       6,138,416  

Chang Hwa Commercial Bank Ltd.

     10,786,481       6,736,229  

Chicony Electronics Co. Ltd.

     1,242,020       3,721,376  

China Development Financial Holding Corp.

     26,615,000       8,329,297  

China Steel Corp.

     10,396,000       8,316,070  
Security   Shares     Value  
Taiwan (continued)            

Chunghwa Telecom Co. Ltd.

     7,975,000     $ 30,358,302  

Compal Electronics Inc.

     8,694,000       5,886,999  

CTBC Financial Holding Co. Ltd.

     4,509,000       3,029,466  

E.Sun Financial Holding Co. Ltd.

     10,625,490       9,375,706  

Far EasTone Telecommunications Co. Ltd.

     3,341,000       7,267,503  

First Financial Holding Co. Ltd.

     21,378,034       15,975,866  

Formosa Petrochemical Corp.

     953,000       3,025,928  

Hua Nan Financial Holdings Co. Ltd.

     17,383,074       11,069,302  

Inventec Corp.

     4,012,000       3,279,698  

Lite-On Technology Corp.

     4,558,000       7,683,954  

Mega Financial Holding Co. Ltd.

     22,685,000       22,643,215  

Nan Ya Plastics Corp.

     1,267,000       2,853,834  

Quanta Computer Inc.

     4,826,000       13,037,523  

Synnex Technology International Corp.

     2,766,250       4,318,854  

Taishin Financial Holding Co. Ltd.

     11,107,084       5,202,336  

Taiwan Cooperative Financial Holding Co. Ltd.

     19,427,252       13,836,443  

Taiwan Mobile Co. Ltd.

     3,513,000       11,967,803  

WPG Holdings Ltd.

     3,325,760       4,976,534  
   

 

 

  
        230,551,152  
Thailand — 0.7%            

Advanced Info Service PCL, NVDR

     847,000       4,914,000  

Airports of Thailand PCL, NVDR(b)

    6,356,800       13,449,098  

Bangkok Dusit Medical Services PCL, NVDR

     9,009,500       6,403,446  

Bangkok Expressway & Metro PCL, NVDR

     15,409,500       4,661,055  

BTS Group Holdings PCL, NVDR(b)

    13,560,300       4,572,399  

Bumrungrad Hospital PCL, NVDR

     820,900       3,378,580  

Home Product Center PCL, NVDR(b)

    9,192,700       4,467,196  
   

 

 

  
      41,845,774  
United Arab Emirates — 0.2%            

Emirates Telecommunications Group Co. PJSC

     2,057,582       9,702,114  

First Abu Dhabi Bank PJSC

     888,853       3,053,871  
   

 

 

  
      12,755,985  
United Kingdom — 0.4%            

Admiral Group PLC

     111,442       4,250,661  

AstraZeneca PLC

     40,878       4,259,512  

GlaxoSmithKline PLC

     784,021       14,339,882  
   

 

 

  
      22,850,055  
United States — 52.2%            

Accenture PLC, Class A

     46,893       11,680,577  

Activision Blizzard Inc.

     232,149       18,451,202  

Allstate Corp. (The)

     246,891       25,269,294  

Ameren Corp.

     78,142       6,077,885  

American Electric Power Co. Inc.

     224,413       19,050,420  

American Tower Corp.

     66,904       15,468,205  

American Water Works Co. Inc.

     116,415       17,855,733  

Amgen Inc.

     21,265       4,721,681  

Amphenol Corp., Class A

     122,557       16,031,681  

Anthem Inc.

     26,957       8,397,645  

Aon PLC, Class A

     101,020       20,697,988  

Arthur J Gallagher & Co.

     73,244       8,453,090  

AT&T Inc.

     762,791       21,930,242  

Automatic Data Processing Inc.

     115,751       20,126,784  

AutoZone Inc.(a)

    16,001       18,203,538  

Baxter International Inc.

     193,266       14,701,745  

Berkshire Hathaway Inc., Class B(a)

    113,519       25,985,634  

Black Knight Inc.(a)

    327,416       29,997,854  

Booz Allen Hamilton Holding Corp.

     158,360       13,744,064  

Bristol-Myers Squibb Co.

     119,791       7,474,958  

Broadridge Financial Solutions Inc.

     144,935       21,288,053  
 

 

 

  3

Schedule of Investments (unaudited) (continued)

November 30, 2020

   

iShares® MSCI Global Min Vol Factor ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
United States (continued)            

Brown & Brown Inc.

     268,020     $   12,068,941  

Campbell Soup Co.

     185,742       9,290,815  

Cboe Global Markets Inc.

     97,158       8,872,469  

CH Robinson Worldwide Inc.

     281,115       26,416,377  

Chubb Ltd.

     19,667       2,907,373  

Church & Dwight Co. Inc.

     253,568       22,255,663  

Cisco Systems Inc.

     828,954       35,661,601  

Citrix Systems Inc.(b)

    239,887       29,726,797  

Clorox Co. (The)

     163,597       33,203,647  

CME Group Inc.

     91,484       16,012,445  

CMS Energy Corp.

     157,558       9,696,119  

Cognizant Technology Solutions Corp., Class A

     51,895       4,054,556  

Colgate-Palmolive Co.

     205,099       17,564,678  

Comcast Corp., Class A

     352,917       17,730,550  

Consolidated Edison Inc.

     697,445       53,180,181  

Cooper Companies Inc. (The)

     13,687       4,588,156  

Costco Wholesale Corp.

     31,689       12,414,800  

Crown Castle International Corp.

     171,881       28,802,099  

Danaher Corp.

     89,638       20,135,384  

Dollar General Corp.

     237,541       51,921,712  

Dominion Energy Inc.

     402,717       31,609,257  

Domino’s Pizza Inc.

     9,643       3,785,552  

Duke Energy Corp.

     476,301       44,134,051  

Duke Realty Corp.

     262,057       9,973,889  

Ecolab Inc.

     35,823       7,958,079  

Electronic Arts Inc.(a)

    229,290       29,291,797  

Eli Lilly & Co.

     287,943       41,938,898  

Erie Indemnity Co., Class A, NVS

     20,519       4,629,292  

Evergy Inc.

     67,863       3,760,289  

Eversource Energy

     112,494       9,844,350  

Extra Space Storage Inc.

     154,000       17,360,420  

F5 Networks Inc.(a)

    45,935       7,478,677  

Fidelity National Information Services Inc.

     202,043       29,985,202  

Fiserv Inc.(a)

    258,715       29,798,794  

General Mills Inc.

     160,678       9,772,436  

Genuine Parts Co.

     55,420       5,451,665  

Gilead Sciences Inc.

     885,263       53,708,906  

Henry Schein Inc.(a)

    54,834       3,526,375  

Hershey Co. (The)

     237,091       35,063,388  

Home Depot Inc. (The)

     75,887       21,051,813  

Hormel Foods Corp.

     618,060       29,160,071  

Humana Inc.

     19,293       7,727,232  

Intel Corp.

     65,151       3,150,051  

Intercontinental Exchange Inc.

     82,029       8,654,880  

International Business Machines Corp.

     104,669       12,928,715  

Intuit Inc.

     25,158       8,856,119  

Jack Henry & Associates Inc.

     159,643       25,680,173  

JM Smucker Co. (The)

     100,327       11,758,324  

Johnson & Johnson

     365,783       52,921,484  

Juniper Networks Inc.

     135,142       2,942,041  

Kellogg Co.

     352,384       22,520,861  

Keysight Technologies Inc.(a)

    391,160       46,954,846  

Kimberly-Clark Corp.

     149,721       20,857,632  

Kroger Co. (The)

     975,792       32,201,136  

L3Harris Technologies Inc.

     102,611       19,700,286  

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

    223,444       35,158,913  

Lockheed Martin Corp.

     43,351       15,823,115  

Marsh & McLennan Companies Inc.

     260,688       29,885,272  

Masimo Corp.(a)

    18,234       4,640,371  

Mastercard Inc., Class A

     50,660       17,047,597  
Security   Shares     Value  
United States (continued)            

McCormick & Co. Inc./MD, NVS

     147,652     $ 27,607,971  

McDonald’s Corp.

     285,910       62,168,270  

Medtronic PLC

     246,100       27,981,570  

Merck & Co. Inc.

     822,195       66,096,256  

Microsoft Corp.

     46,457       9,945,050  

Mondelez International Inc., Class A

     108,544       6,235,853  

Motorola Solutions Inc.

     252,690       43,343,916  

Newmont Corp.

     1,189,902       69,990,036  

NextEra Energy Inc.

     886,255       65,219,505  

Oracle Corp.

     102,458       5,913,876  

O’Reilly Automotive Inc.(a)

    30,048       13,294,437  

Palo Alto Networks Inc.(a)

    20,789       6,110,303  

Paychex Inc.

     447,908       41,722,630  

PepsiCo Inc.

     426,960       61,580,441  

Pfizer Inc.

     538,565       20,632,425  

Procter & Gamble Co. (The)

     320,247       44,472,701  

Progressive Corp. (The)

     203,890       17,760,858  

Public Storage

     169,915       38,139,121  

Regeneron Pharmaceuticals Inc.(a)

    130,413       67,297,020  

RenaissanceRe Holdings Ltd.

     106,087       17,466,164  

Republic Services Inc.

     464,598       44,935,919  

Seagen Inc.(a)

    31,334       5,336,494  

Southern Co. (The)

     749,425       44,853,086  

Starbucks Corp.

     302,520       29,653,010  

Stryker Corp.

     26,754       6,244,384  

Take-Two Interactive Software Inc.(a)

    83,836       15,133,236  

Target Corp.

     82,954       14,892,732  

Tiffany & Co.

     227,945       29,970,209  

TJX Companies Inc. (The)

     322,631       20,490,295  

T-Mobile U.S. Inc.(a)

    213,672       28,405,556  

Travelers Companies Inc. (The)

     79,431       10,298,229  

Tyler Technologies Inc.(a)(b)

    83,965       35,903,434  

UnitedHealth Group Inc.

     36,771       12,367,558  

VeriSign Inc.(a)

    47,044       9,442,672  

Verizon Communications Inc.

     1,448,151       87,482,802  

Vertex Pharmaceuticals Inc.(a)

    201,357       45,859,057  

Visa Inc., Class A(b)

    285,510       60,057,028  

Walmart Inc.

     402,901       61,559,244  

Walt Disney Co. (The)

     65,003       9,621,094  

Waste Management Inc.

     575,095       68,511,067  

WEC Energy Group Inc.

     492,390       46,752,430  

Western Union Co. (The)

     856,967       19,333,175  

Xcel Energy Inc.

     686,797       46,262,646  

Zoom Video Communications Inc.,
Class A(a)

    12,509       5,983,805  
   

 

 

  
      3,043,132,450  
   

 

 

  

Total Common Stocks — 99.9%
(Cost: $4,964,771,089)

       5,820,108,216  
   

 

 

  

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)

November 30, 2020

   

iShares® MSCI Global Min Vol Factor ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Short-Term Investments

    
Money Market Funds — 2.4%            

BlackRock Cash Funds: Institutional,
SL Agency Shares, 0.19%(f)(g)(h)

    92,428,680     $ 92,484,137  

BlackRock Cash Funds: Treasury,
SL Agency Shares, 0.04%(f)(g)

    47,870,000       47,870,000  
   

 

 

  
        140,354,137  
   

 

 

  

Total Short-Term Investments — 2.4%
(Cost: $140,264,811)

 

     140,354,137  
   

 

 

  

Total Investments in Securities — 102.3%
(Cost: $5,105,035,900)

 

       5,960,462,353  

Other Assets, Less Liabilities — (2.3)%

 

     (136,242,856 ) 
   

 

 

  

Net Assets — 100.0%

     $ 5,824,219,497  
   

 

 

  

 

 

(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 collateral received from loaned securities.

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer   Value at
08/31/20		     Purchases
at Cost		     Proceeds
from Sales		     Net Realized
Gain (Loss)		     Change in
Unrealized
Appreciation
(Depreciation)		     Value at
11/30/20		     Shares
Held at
11/30/20		     Income    

Capital

Gain
Distributions
from
Underlying
Funds

  

BlackRock Cash Funds: Institutional, SL Agency Shares

   $ 105,527,162     $ —     $ (13,003,761 )(a)    $ (5,789 )    $ (33,475 )    $ 92,484,137       92,428,680     $ 85,032 (b)    $ —  

BlackRock Cash Funds: Treasury, SL Agency Shares

     13,570,000       34,300,000 (a)      —       —       —       47,870,000       47,870,000       2,745       —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  
        $ (5,789 )    $ (33,475 )    $ 140,354,137       $ 87,777     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (a) 

Represents net amount purchased (sold).

 
  (b) 

All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

Futures Contracts

 

Description    Number of
Contracts		        Expiration
Date		        Notional
Amount
(000)		        Value/
Unrealized
Appreciation
(Depreciation)		  
Long Contracts                                  

2-Year U.S. Treasury Note

      16          03/31/21          $3,534        $ 896  

MSCI EAFE Index

      72          12/18/20          7,319          (48,749 ) 

MSCI Emerging Markets E-Mini Index

      58          12/18/20          3,487          (27,924 ) 

S&P 500 E-Mini Index

      78          12/18/20          14,130          91,887  
                 

 

 

  
                  $ 16,110  
                 

 

 

  

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)

November 30, 2020

   

iShares® MSCI Global Min Vol Factor  ETF

 

Fair Value Measurements (continued)

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

    $ 5,820,108,213      $ —        $ 3        $ 5,820,108,216  

Warrants

      0 (a)        —          —          0 (a)  

Money Market Funds

      140,354,137        —          —          140,354,137  
  

 

 

     

 

 

       

 

 

       

 

 

  
   $ 5,960,462,350      $ —        $ 3        $ 5,960,462,353  
  

 

 

     

 

 

       

 

 

       

 

 

  

Derivative financial instruments(b)

               

Assets

                

Futures Contracts

    $ 92,783      $ —        $ —        $ 92,783  

Liabilities

                

Futures Contracts

      (76,673 )       —          —          (76,673 ) 
  

 

 

     

 

 

       

 

 

       

 

 

  
   $ 16,110      $             —        $             —        $ 16,110  
  

 

 

     

 

 

       

 

 

       

 

 

  

 

  (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
PJSC    Public Joint Stock Company

 

 

6