Schedule of Investments (unaudited)	iShares® MSCI Global Energy Producers ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Argentina — 0.0%
YPF SA, ADR(a)		7,735	$	36,354
Australia — 2.0%
Beach Energy Ltd.		67,158		65,780
Cooper Energy Ltd.(a)		61,425		13,033
New Hope Corp. Ltd.		16,926		18,988
Oil Search Ltd.		78,442		220,377
Paladin Energy Ltd.(a)		89,180		33,989
Santos Ltd.		74,529		389,527
Washington H Soul Pattinson & Co. Ltd.		4,303		98,145
Whitehaven Coal Ltd.(a)		35,061		42,583
Woodside Petroleum Ltd.		38,129		641,815
				1,524,237
Austria — 0.4%
OMV AG		5,824		332,227
Brazil — 1.2%
3R Petroleum Oleo Gas SA(a)		1,274		10,015
Enauta Participacoes SA		4,095		12,100
Petro Rio SA(a)		24,222		91,698
Petroleo Brasileiro SA		147,966		756,623
				870,436
Canada — 7.3%
Advantage Energy Ltd.(a)		7,397		24,676
ARC Resources Ltd.		27,209		209,239
Birchcliff Energy Ltd.		10,738		31,466
Cameco Corp.		15,743		309,504
Canacol Energy Ltd.		6,032		16,677
Canadian Natural Resources Ltd.		46,865		1,643,311
Cenovus Energy Inc.		52,052		434,754
Crescent Point Energy Corp.		20,748		86,905
Denison Mines Corp.(a)		29,939		38,661
Energy Fuels Inc./Canada(a)		5,551		36,025
Enerplus Corp.		10,283		69,373
Freehold Royalties Ltd.		3,913		29,249
Imperial Oil Ltd.		10,192		342,616
MEG Energy Corp.(a)		10,920		75,840
NexGen Energy Ltd.(a)		13,468		64,885
Paramount Resources Ltd., Class A(a)		2,912		34,976
Parex Resources Inc.(a)		5,187		90,683
Peyto Exploration & Development Corp.		6,487		30,877
PrairieSky Royalty Ltd.		7,917		87,031
Suncor Energy Inc.		60,515		1,405,613
Tourmaline Oil Corp.		11,102		270,646
Vermilion Energy Inc.(a)		6,188		47,945
Whitecap Resources Inc.		22,314		112,858
				5,493,810
China — 1.3%
China Shenhua Energy Co. Ltd., Class A		18,200		57,224
China Shenhua Energy Co. Ltd., Class H		138,000		312,540
Guanghui Energy Co. Ltd., Class A(a)		9,100		4,626
Inner Mongolia Yitai Coal Co. Ltd., Class B		45,500		29,010
Perennial Energy Holdings Ltd.		30,000		11,647
PetroChina Co. Ltd., Class A		49,500		35,967
PetroChina Co. Ltd., Class H		822,000		336,134
Shaanxi Coal Industry Co. Ltd., Class A		20,800		38,894
Shanxi Coking Coal Energy Group Co. Ltd., Class A		9,110		9,699

Security	Shares		Value
China (continued)
Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A		9,100	$	14,846
Shanxi Meijin Energy Co. Ltd., Class A(a)		9,100		10,730
Yanzhou Coal Mining Co. Ltd., Class A		9,100		19,370
Yanzhou Coal Mining Co. Ltd., Class H		58,000		77,363
				958,050
Colombia — 0.2%
Ecopetrol SA		197,470		116,629
Finland — 1.5%
Neste OYJ		16,744		1,100,298
France — 6.1%
TOTAL SE		99,190		4,597,189
Greece — 0.1%
Hellenic Petroleum SA		2,535		19,404
Motor Oil Hellas Corinth Refineries SA(b)		2,527		41,784
				61,188
Hungary — 0.2%
MOL Hungarian Oil & Gas PLC(a)		16,107		130,276
India — 5.4%
Bharat Petroleum Corp. Ltd.		34,034		221,526
Coal India Ltd.		61,061		124,411
Hindustan Petroleum Corp. Ltd.		27,027		104,008
Indian Oil Corp. Ltd.		76,895		115,950
Oil & Natural Gas Corp. Ltd.		100,737		157,698
Oil India Ltd.		10,738		19,601
Reliance Industries Ltd.		69,073		2,050,641
Reliance Industries Ltd., GDR(c)		21,884		1,261,613
				4,055,448
Indonesia — 0.3%
Adaro Energy Tbk PT		582,400		48,500
Bukit Asam Tbk PT		139,100		21,517
Indo Tambangraya Megah Tbk PT		18,200		16,459
Medco Energi Internasional Tbk PT(a)		309,412		14,931
Sugih Energy Tbk PT(a)(d)		206,700		724
United Tractors Tbk PT		66,300		104,632
				206,763
Israel — 0.1%
Equital Ltd.(a)		820		23,082
Naphtha Israel Petroleum Corp. Ltd.(a)(b)		1,275		6,026
Oil Refineries Ltd.(a)		71,188		19,693
Paz Oil Co. Ltd.		364		46,390
				95,191
Italy — 1.7%
Eni SpA		100,100		1,225,200
Saras SpA(a)		24,661		21,379
				1,246,579
Japan — 1.4%
Cosmo Energy Holdings Co. Ltd.		2,036		42,075
ENEOS Holdings Inc.		122,100		501,485
Idemitsu Kosan Co. Ltd.		8,268		193,998
Inpex Corp.		40,600		277,200
Japan Petroleum Exploration Co. Ltd.		1,300		23,270
				1,038,028
Netherlands — 7.7%
Royal Dutch Shell PLC, Class A		162,890		3,108,443

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Global Energy Producers ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Shares		Value
Netherlands (continued)
Royal Dutch Shell PLC, Class B		146,965	$	2,672,006
				5,780,449
Norway — 1.1%
BW Energy Ltd.(a)		2,912		8,332
DNO ASA(a)		17,745		18,745
Equinor ASA		38,766		834,002
				861,079
Pakistan — 0.0%
Mari Petroleum Co. Ltd.		1,820		18,384
Pakistan Oilfields Ltd.		2,639		6,351
Pakistan Petroleum Ltd.		18,200		10,960
				35,695
Philippines — 0.0%
Semirara Mining & Power Corp.		36,400		10,005
Poland — 0.4%
Grupa Lotos SA.		3,822		53,912
Polski Koncern Naftowy ORLEN SA		11,830		263,135
				317,047
Portugal — 0.3%
Galp Energia SGPS SA		19,747		245,094
Russia — 3.9%
LUKOIL PJSC		16,471		1,346,726
Novatek PJSC, GDR(e)		3,647		726,016
Rosneft Oil Co. PJSC		45,800		331,430
Surgutneftegas PJSC		282,100		139,916
Surgutneftegas PJSC, ADR		481		2,360
Tatneft PJSC		56,147		380,698
				2,927,146
Saudi Arabia — 1.2%
Rabigh Refining & Petrochemical Co.(a)		8,736		52,648
Saudi Arabian Oil Co.(c)		87,269		821,846
				874,494
South Africa — 0.1%
Exxaro Resources Ltd.		9,919		110,733
South Korea — 0.8%
SK Innovation Co. Ltd.(a)		2,002		474,862
S-Oil Corp.(a)		1,729		144,954
				619,816
Spain — 1.1%
Repsol SA		59,150		788,431
Sweden — 0.4%
Lundin Energy AB		7,917		271,640
Thailand — 0.7%
Bangchak Corp. PCL, NVDR		45,500		37,117
Banpu PCL, NVDR(b)		163,800		68,626
Esso Thailand PCL, NVDR(a)		45,500		12,289
IRPC PCL, NVDR		445,900		57,574
PTT Exploration & Production PCL, NVDR		54,631		206,903
Star Petroleum Refining PCL, NVDR(a)		72,800		22,698
Thai Oil PCL, NVDR(b)		45,500		85,774
				490,981
Turkey — 0.1%
Turkiye Petrol Rafinerileri AS(a)		4,914		55,848

Security	Shares		Value
United Arab Emirates — 0.0%
Dana Gas PJSC		142,623	$	30,562
United Kingdom — 5.0%
BP PLC		807,443		3,517,428
Cairn Energy PLC		19,579		45,179
Diversified Energy Co. PLC		26,026		38,622
Energean PLC(a)		4,550		49,752
Harbour Energy PLC(a)		181,818		52,925
Serica Energy PLC		6,825		11,235
Tullow Oil PLC(a)		48,139		34,899
				3,750,040
United States — 45.9%
Antero Resources Corp.(a)		10,738		138,627
APA Corp.		14,924		310,419
Arch Resources Inc.(a)		637		36,354
Bonanza Creek Energy Inc.(a)		819		35,184
Brigham Minerals Inc., Class A		1,820		33,015
Cabot Oil & Gas Corp.		15,834		259,678
California Resources Corp.(a)		1,638		47,518
Callon Petroleum Co.(a)		1,820		70,015
Centennial Resource Development Inc./DE, Class A(a)		7,189		38,030
Chesapeake Energy Corp.		2,912		153,754
Chevron Corp.		76,440		7,933,708
Cimarex Energy Co.		4,095		277,436
CNX Resources Corp.(a)		8,736		118,984
Comstock Resources Inc.(a)		3,185		17,931
ConocoPhillips		53,690		2,992,681
Contango Oil & Gas Co.(a)		4,277		18,648
Continental Resources Inc./OK		2,912		94,844
CVR Energy Inc.		1,183		24,547
Delek U.S. Holdings Inc.		2,548		56,795
Denbury Inc.(a)		2,002		134,174
Devon Energy Corp.		25,389		674,332
Diamondback Energy Inc.		6,825		546,478
EOG Resources Inc.		23,114		1,856,979
EQT Corp.(a)		11,102		231,810
Extraction Oil & Gas Inc.(a)		637		31,289
Exxon Mobil Corp.		167,986		9,805,343
Hess Corp.		10,920		915,314
HollyFrontier Corp.		6,097		197,970
Kosmos Energy Ltd.(a)		16,289		51,799
Magnolia Oil & Gas Corp., Class A(a)		5,579		72,081
Marathon Oil Corp.		31,304		379,091
Marathon Petroleum Corp.		25,844		1,597,159
Matador Resources Co.		4,641		142,200
Murphy Oil Corp.		6,097		132,244
Northern Oil and Gas Inc.(a)		1,820		33,142
Oasis Petroleum Inc.		819		72,572
Occidental Petroleum Corp.		36,946		959,118
Ovintiv Inc.		10,374		276,260
Par Pacific Holdings Inc.(a)		1,547		21,534
PBF Energy Inc., Class A(a)		3,822		61,687
PDC Energy Inc.(a)		3,913		165,207
Pioneer Natural Resources Co.		8,190		1,246,436
Range Resources Corp.(a)		9,737		132,034
SM Energy Co.		4,277		85,112
Southwestern Energy Co.(a)		26,663		137,848
Talos Energy Inc.(a)		1,183		16,775
Tellurian Inc.(a)		10,556		46,024
Texas Pacific Land Corp.		247		358,921

2 

Schedule of Investments (unaudited) (continued)	iShares® MSCI Global Energy Producers ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Shares		Value
United States (continued)
Valero Energy Corp.		16,198	$	1,302,319
Viper Energy Partners LP		2,366		42,659
Whiting Petroleum Corp.(a)		1,547		70,837
				34,454,916
Total Common Stocks — 97.9%
(Cost: $72,254,571)				73,486,679
Preferred Stocks
Brazil — 1.3%
Petroleo Brasileiro SA, Preference Shares, NVS		188,643		972,588
Russia — 0.2%
Surgutneftegas PJSC, Preference Shares, NVS		263,900		167,780
Total Preferred Stocks — 1.5%
(Cost: $830,752)				1,140,368
Short-Term Investments
Money Market Funds — 0.2%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%(f)(g)(h)		172,411		172,514
Total Short-Term Investments — 0.2%
(Cost: $172,410)				172,514
Total Investments in Securities — 99.6%
(Cost: $73,257,733)				74,799,561
Other Assets, Less Liabilities — 0.4%				319,710
Net Assets — 100.0%			$	75,119,271

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

^(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 May 31, 2021 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 05/31/21		Shares Held at 05/31/21		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	459,354	$	—	$	(286,712	)(a)	$	(138	)	$	10	$	172,514		172,411	$	3,929	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares(c)		10,000		—		(10,000	)(a)		—			—		—		—		34			—
								$	(138	)	$	10	$	172,514			$	3,963		$	—

^(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.

^(c) As of period end, the entity is no longer held.

3 

Schedule of Investments (unaudited) (continued)	iShares® MSCI Global Energy Producers ETF
May 31, 2021

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
FTSE 100 Index		1	06/18/21	$	100	$	(44	)
S&P Select Sector Energy E-Mini Index		7	06/18/21		379		1,247
						$	1,203

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 May 31, 2021. 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	$	42,506,505		$	30,979,450	$	724	$	73,486,679
Preferred Stocks		972,588			167,780		—		1,140,368
Money Market Funds		172,514			—		—		172,514
	$	43,651,607		$	31,147,230	$	724	$	74,799,561
Derivative financial instruments(a)
Assets
Futures Contracts	$	1,247		$	—	$	—	$	1,247
Liabilities
Futures Contracts		(44	)		—		—		(44	)
	$	1,203		$	—	$	—	$	1,203

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

Portfolio Abbreviations - Equity
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
NVDR	Non-Voting Depositary Receipt
NVS	Non-Voting Shares
PJSC	Public Joint Stock Company

4