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

Security	Shares		Value
Common Stocks
Australia — 31.9%
Alumina Ltd.		2,818,222	$	3,726,677
BHP Group Ltd.		3,316,208		122,043,538
BHP Group PLC		2,385,817		71,943,339
BlueScope Steel Ltd.		574,957		9,429,862
Champion Iron Ltd.(a)		352,715		1,782,074
Deterra Royalties Ltd.		491,469		1,590,917
Fortescue Metals Group Ltd.		1,920,479		33,258,198
Galaxy Resources Ltd.(a)		449,493		1,314,792
IGO Ltd.		780,197		4,565,373
Iluka Resources Ltd.		485,639		2,890,016
Jupiter Mines Ltd.		1,523,639		340,334
Lynas Rare Earths Ltd.(a)		1,036,171		4,407,468
Mineral Resources Ltd.		184,154		6,442,425
Mount Gibson Iron Ltd.		486,222		322,267
Nickel Mines Ltd.		1,169,747		927,055
Orocobre Ltd.(a)		334,059		1,697,993
OZ Minerals Ltd.		384,239		7,483,080
Perenti Global Ltd.		686,774		354,932
Pilbara Minerals Ltd.(a)		2,154,973		2,049,923
Rio Tinto Ltd.		415,874		39,675,238
Rio Tinto PLC		1,269,460		109,171,324
Sandfire Resources Ltd.		196,471		1,073,992
Sims Ltd.		198,220		2,382,662
South32 Ltd.		5,481,366		12,593,339
Western Areas Ltd.		377,865		710,547
				442,177,365
Austria — 0.4%
voestalpine AG		133,600		6,010,020
Belgium — 0.1%
Bekaert SA		41,976		1,995,500
Brazil — 7.6%
Cia. Siderurgica Nacional SA		784,325		6,760,151
Vale SA		4,476,648		98,591,565
				105,351,716
Canada — 4.1%
Altius Minerals Corp.		45,474		668,530
Capstone Mining Corp.(a)		245,443		1,107,292
ERO Copper Corp.(a)		74,624		1,730,859
First Quantum Minerals Ltd.		663,189		16,304,551
Hudbay Minerals Inc.		269,929		2,026,618
Ivanhoe Mines Ltd., Class A(a)		688,278		5,065,015
Labrador Iron Ore Royalty Corp.		73,458		2,762,466
Largo Resources Ltd.(a)		37,312		524,138
Lithium Americas Corp.(a)(b)		94,024		1,452,331
Lundin Mining Corp.		756,336		8,032,607
New Pacific Metals Corp.(a)(b)		97,944		550,507
Solaris Resources Inc.(a)		8,745		91,790
Stelco Holdings Inc.		41,393		1,123,869
Teck Resources Ltd., Class B		535,631		13,017,778
Turquoise Hill Resources Ltd.(a)		114,645		2,034,675
Wallbridge Mining Co. Ltd.(a)(b)		640,134		333,831
				56,826,857
Chile — 0.1%
CAP SA		78,122		1,420,106
China — 2.4%
Aluminum Corp. of China Ltd., Class A(a)		932,800		768,339

Security	Shares		Value
China (continued)
Aluminum Corp. of China Ltd., Class H(a)		4,664,000	$	2,746,325
Anhui Honglu Steel Construction Group Co. Ltd.,
Class A		35,500		293,350
Baoshan Iron & Steel Co. Ltd., Class A		1,501,793		1,866,632
China Hongqiao Group Ltd.		2,573,500		4,144,435
China Metal Recycling Holdings Ltd.(a)(c)		132,000		0	(d)
China Molybdenum Co. Ltd., Class A		1,166,000		1,067,463
China Molybdenum Co. Ltd., Class H		3,828,000		2,638,817
China Northern Rare Earth Group High-Tech Co. Ltd., Class A(a)		233,270		806,580
China Oriental Group Co. Ltd.		1,644,000		534,764
China Zhongwang Holdings Ltd.(a)		1,865,600		468,245
Ganfeng Lithium Co. Ltd., Class A		74,700		1,523,612
Ganfeng Lithium Co. Ltd., Class H(e)		151,400		2,278,762
GEM Co. Ltd., Class A		306,617		544,146
Guangdong Hongda Blasting Co. Ltd., Class A		58,300		268,309
Hesteel Co. Ltd., Class A(a)		757,900		295,919
Hunan Valin Steel Co. Ltd., Class A		466,400		500,604
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A(a)		3,126,921		807,832
Inner Mongolia Eerduosi Resources Co. Ltd., Class B		291,576		402,487
Jiangsu Shagang Co. Ltd., Class A		174,900		263,159
Jiangxi Copper Co. Ltd., Class A		140,700		582,267
Jiangxi Copper Co. Ltd., Class H		1,296,000		3,070,418
Jinchuan Group International Resources Co. Ltd.		4,081,000		693,156
MMG Ltd.(a)(b)		2,750,000		1,604,491
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A(a)		641,300		234,345
Shandong Nanshan Aluminum Co. Ltd., Class A		874,500		553,441
Shanxi Taigang Stainless Steel Co. Ltd., Class A		427,200		444,540
Shenghe Resources Holding Co. Ltd., Class A(a)		58,300		160,548
Shougang Fushan Resources Group Ltd.		2,332,000		618,290
Tiangong International Co. Ltd.		1,166,000		520,951
Tongling Nonferrous Metals Group Co. Ltd., Class A		641,300		291,732
Xiamen Tungsten Co. Ltd., Class A		131,799		419,561
Yintai Gold Co. Ltd., Class A		179,540		296,589
Yunnan Aluminium Co. Ltd., Class A(a)		116,600		255,224
Zhejiang Huayou Cobalt Co. Ltd., Class A		77,400		1,261,975
				33,227,308
Finland — 0.1%
Outokumpu OYJ(a)		357,962		1,995,929
France — 0.3%
APERAM SA		55,100		3,063,990
Eramet SA(a)		11,077		803,972
				3,867,962
Germany — 0.8%
Aurubis AG		35,566		3,389,963
Salzgitter AG(a)		44,891		1,462,799
thyssenkrupp AG(a)		466,400		5,489,965
				10,342,727
India — 2.9%
APL Apollo Tubes Ltd.(a)		58,300		1,043,772
Hindalco Industries Ltd.		1,766,306		9,591,723
Jindal Steel & Power Ltd.(a)		467,677		2,630,895
JSW Steel Ltd.		958,808		9,416,615
National Aluminium Co. Ltd.		1,093,708		1,113,506
Ratnamani Metals & Tubes Ltd.(a)		18,656		508,276
Tata Steel Ltd.		491,510		7,640,380
Tata Steel Ltd., GDR(f)		211,629		3,170,768

1

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

Security	Shares		Value
India (continued)
Vedanta Ltd.		1,282,656	$	4,844,747
				39,960,682
Indonesia — 0.2%
Merdeka Copper Gold Tbk PT(a)		11,251,900		2,127,911
Timah Tbk PT(a)		2,973,300		332,846
				2,460,757
Japan — 4.5%
Asahi Holdings Inc.		100,000		2,168,786
Daido Steel Co. Ltd.		25,300		1,235,815
Dowa Holdings Co. Ltd.		58,300		2,395,399
Hitachi Metals Ltd.(a)		240,700		4,635,258
JFE Holdings Inc.		580,500		7,667,609
Kobe Steel Ltd.		408,100		2,743,069
Kyoei Steel Ltd.		18,400		236,524
Maruichi Steel Tube Ltd.		60,400		1,515,705
Mitsubishi Materials Corp.		124,000		2,604,602
Mitsui Mining & Smelting Co. Ltd.		61,100		1,789,159
Nippon Light Metal Holdings Co. Ltd.		62,940		1,067,004
Nippon Steel Corp.		966,705		17,989,756
Sumitomo Metal Mining Co. Ltd.		275,900		12,263,419
Toho Titanium Co. Ltd.		62,600		537,731
Tokyo Steel Manufacturing Co. Ltd.		116,600		1,180,521
UACJ Corp.(a)		28,638		604,667
Yamato Kogyo Co. Ltd.		58,300		1,894,362
Yodogawa Steel Works Ltd.		19,600		411,552
				62,940,938
Malaysia — 0.3%
Press Metal Aluminium Holdings Bhd		3,457,900		4,348,393
Mexico — 1.3%
Grupo Mexico SAB de CV, Series B		3,576,300		17,443,395
Netherlands — 2.0%
AMG Advanced Metallurgical Group NV		33,814		1,232,132
ArcelorMittal SA(a)		809,868		26,588,468
				27,820,600
Norway — 0.7%
Norsk Hydro ASA		1,528,248		10,003,644
Peru — 0.5%
Southern Copper Corp.		98,582		6,875,109
Poland — 0.7%
Jastrzebska Spolka Weglowa SA(a)		63,547		631,099
KGHM Polska Miedz SA(a)		159,247		8,748,643
				9,379,742
Qatar — 0.1%
Qatar Aluminum Manufacturing Co.		3,151,966		1,403,354
Russia — 3.0%
Alrosa PJSC		2,987,012		4,780,107
MMC Norilsk Nickel PJSC		72,320		26,004,653
Novolipetsk Steel PJSC		1,559,310		5,566,693
Severstal PAO		237,366		5,453,045
				41,804,498
Saudi Arabia — 0.6%
Saudi Arabian Mining Co.(a)		492,779		7,793,860
South Africa — 3.8%
African Rainbow Minerals Ltd.		129,426		2,497,564

Security	Shares		Value
South Africa (continued)
Anglo American Platinum Ltd.		59,466	$	7,840,855
Impala Platinum Holdings Ltd.		896,690		16,297,405
Kumba Iron Ore Ltd.		72,875		3,381,444
Northam Platinum Ltd.(a)		408,990		6,916,495
Royal Bafokeng Platinum Ltd.		164,989		1,219,347
Sibanye Stillwater Ltd.		3,182,192		15,066,762
				53,219,872
South Korea — 2.8%
Dongkuk Steel Mill Co. Ltd.		66,462		1,367,072
Hyundai Steel Co.		99,299		4,745,771
Korea Zinc Co. Ltd.		10,094		4,084,289
Namsun Aluminum Co. Ltd.(a)(b)		73,033		242,651
Poongsan Corp.		23,320		840,886
POSCO		84,546		26,889,544
Sam Kang M&T Co. Ltd.(a)		26,235		453,992
Seah Besteel Corp.		14,575		402,383
SeAH Steel Holdings Corp.		1		64
Young Poong Corp.		583		366,454
				39,393,106
Spain — 0.2%
Acerinox SA		186,560		2,667,271
Sweden — 1.4%
Boliden AB		313,329		12,545,461
Granges AB		121,883		1,617,305
SSAB AB, Class A(a)		274,010		1,427,678
SSAB AB, Class B(a)		655,307		3,166,286
				18,756,730
Switzerland — 3.7%
Glencore PLC		11,311,955		51,458,578
Taiwan — 2.0%
Century Iron & Steel Industrial Co. Ltd.		115,000		457,131
China Metal Products		208,011		248,708
China Steel Corp.		13,191,612		17,562,172
Chun Yuan Steel Industry Co. Ltd.		475,000		364,719
Chung Hung Steel Corp.(a)		1,060,000		2,002,599
Feng Hsin Steel Co. Ltd.		583,000		1,577,895
Hsin Kuang Steel Co. Ltd.		200,000		463,016
TA Chen Stainless Pipe		1,282,099		2,125,414
Tung Ho Steel Enterprise Corp.		804,000		1,396,331
YC INOX Co. Ltd.		370,263		430,263
Yieh Phui Enterprise Co. Ltd.(a)		1,166,644		982,872
				27,611,120
Turkey — 0.3%
Eregli Demir ve Celik Fabrikalari TAS		1,535,622		3,454,102
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D(a)		892,573		819,032
Koza Anadolu Metal Madencilik Isletmeleri AS(a)(b)		236,698		439,228
				4,712,362
United Kingdom — 6.1%
Anglo American PLC		1,464,042		64,993,567
Antofagasta PLC		450,097		9,854,032
Central Asia Metals PLC		187,391		723,346
Eurasia Mining PLC(a)		2,035,536		705,940
Evraz PLC		575,454		5,196,406
Ferrexpo PLC		311,529		1,978,793
Hill & Smith Holdings PLC		80,283		1,744,327
				85,196,411

2

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

Security	Shares		Value
United States — 13.8%
Alcoa Corp.(a)		206,772	$	8,202,645
Allegheny Technologies Inc.(a)(b)		144,935		3,549,458
Arconic Corp.(a)		112,208		4,058,563
Carpenter Technology Corp.		55,968		2,681,987
Century Aluminum Co.(a)		61,278		833,994
Cleveland-Cliffs Inc.(b)		536,052		10,785,366
Commercial Metals Co.		132,341		4,164,771
Compass Minerals International Inc.		39,311		2,747,839
Coronado Global Resources Inc.(a)(e)		934,339		493,177
Freeport-McMoRan Inc.		1,648,566		70,426,740
Kaiser Aluminum Corp.		18,274		2,364,473
Materion Corp.		23,903		1,884,752
MP Materials Corp.(a)		53,636		1,506,099
Nucor Corp.		339,634		34,826,070
Piedmont Lithium Inc.(a)		22,154		1,437,795
Reliance Steel & Aluminum Co.		71,146		11,957,508
Schnitzer Steel Industries Inc., Class A		31,482		1,715,139
Steel Dynamics Inc.		236,726		14,778,804
SunCoke Energy Inc.		98,527		741,908
United States Steel Corp.		292,279		7,578,795
Warrior Met Coal Inc.		60,130		1,100,379
Worthington Industries Inc.		43,941		2,916,364
				190,752,626
Total Common Stocks — 98.7%
(Cost: $1,147,199,184)				1,369,218,538

Preferred Stocks

Brazil — 1.0%
Bradespar SA, Preference Shares, NVS	252,439	3,449,197
Cia. Ferro Ligas da Bahia-Ferbasa, Preference
Shares, NVS	58,300	443,316
Gerdau SA, Preference Shares, NVS	1,260,264	7,960,529

Security	Shares		Value
Brazil (continued)
Metalurgica Gerdau SA, Preference Shares, NVS		874,500	$	2,486,730
				14,339,772
Total Preferred Stocks — 1.0%
(Cost: $9,592,247)				14,339,772

Short-Term Investments

Money Market Funds — 0.8%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%(g)(h)(i)	11,112,926		11,119,593
Total Short-Term Investments — 0.8%
(Cost: $11,118,503)			11,119,593
Total Investments in Securities — 100.5%
(Cost: $1,167,909,934)			1,394,677,903
Other Assets, Less Liabilities — (0.5)%			(6,799,742	)
NetAssets—100.0%		$	1,387,878,161

^(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) 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.

^(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 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	$	1,607,682	$	9,513,721	(a)	$	—	$	(1,290	)	$	(520	)	$	11,119,593		11,112,926	$	54,735	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares(c)		—		0	(a)		—		—			—			—		—		169			—
								$	(1,290	)	$	(520	)	$	11,119,593			$	54,904		$	—

^(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 Metals & Mining Producers ETF
May 31, 2021

Futures Contracts

							Value/
				Notional			Unrealized
	Number of	Expiration		Amount			Appreciation
Description	Contracts	Date		(000	)		(Depreciation)
Long Contracts
MSCI Emerging Markets E-Mini Index	31	06/18/21	$	2,109		$	49,108
S&P Select Sector Energy E-Mini Index	13	06/18/21		704			23,728
						$	72,836

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	$	385,203,994	$	984,014,544	$	0	(a)	$	1,369,218,538
Preferred Stocks		14,339,772		—		—			14,339,772
Money Market Funds		11,119,593		—		—			11,119,593
	$	410,663,359	$	984,014,544	$	0	(a)	$	1,394,677,903
Derivative financial instruments(b)
Assets
Futures Contracts	$	72,836	$	—	$	—		$	72,836

^(a) Rounds to less than $1.

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

Portfolio Abbreviations - Equity

GDR          Global Depositary Receipt 

NVS           Non-Voting Shares 

PJSC         Public Joint Stock Company

4