Schedule of Investments (unaudited) |
iShares® ESG Aware MSCI EM ETF |
| May 31, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Brazil — 3.3% | ||||||||
| Americanas SA | 988,143 | $ | 4,179,162 | |||||
| Atacadao SA | 1,439,797 | 5,862,131 | ||||||
| B3 SA - Brasil, Bolsa, Balcao | 7,202,901 | 19,354,041 | ||||||
| Banco do Brasil SA | 1,750,729 | 13,489,957 | ||||||
| Banco Santander Brasil SA | 1,836,477 | 12,964,367 | ||||||
| Cosan SA | 3,369,721 | 15,322,231 | ||||||
| Energisa SA | 757,082 | 7,076,113 | ||||||
| Localiza Rent a Car SA | 1,775,745 | 21,491,800 | ||||||
| Lojas Renner SA | 1,847,462 | 10,340,236 | ||||||
| Natura & Co. Holding SA | 2,130,815 | 7,384,356 | ||||||
| Petro Rio SA(a) | 998,842 | 5,882,650 | ||||||
| Rumo SA | 2,026,779 | 7,539,837 | ||||||
| Telefonica Brasil SA | 1,109,965 | 11,922,802 | ||||||
| Ultrapar Participacoes SA | 3,129,817 | 9,463,440 | ||||||
| Vibra Energia SA | 1,325,563 | 5,422,130 | ||||||
| WEG SA | 893,665 | 4,770,551 | ||||||
| 162,465,804 | ||||||||
| Chile — 0.4% | ||||||||
| Banco de Chile | 46,407,358 | 4,830,426 | ||||||
| Enel Americas SA | 147,565,279 | 15,974,161 | ||||||
| 20,804,587 | ||||||||
| China — 29.2% | ||||||||
| 37 Interactive Entertainment Network Technology Group Co. Ltd., Class A | 1,701,300 | 5,494,921 | ||||||
| 3SBio Inc.(a)(b) | 6,723,500 | 4,995,158 | ||||||
| AAC Technologies Holdings Inc.(c) | 2,695,000 | 5,861,572 | ||||||
| Agricultural Bank of China Ltd., Class H | 17,897,000 | 6,815,160 | ||||||
| Alibaba Group Holding Ltd.(a) | 10,864,668 | 130,487,127 | ||||||
| Alibaba Health Information Technology Ltd.(a) | 12,304,000 | 6,267,301 | ||||||
| Aluminum Corp. of China Ltd., Class H(a) | 11,128,000 | 5,076,746 | ||||||
| Baidu Inc., ADR(a) | 181,039 | 25,408,824 | ||||||
| Bank of China Ltd., Class H | 33,834,000 | 13,525,861 | ||||||
| Bank of Ningbo Co. Ltd., Class A | 990,900 | 4,861,355 | ||||||
| BeiGene Ltd., ADR(a)(c) | 35,107 | 4,817,383 | ||||||
| Bosideng International Holdings Ltd. | 8,848,000 | 4,701,825 | ||||||
| BYD Co. Ltd., Class A | 191,655 | 8,464,527 | ||||||
| BYD Co. Ltd., Class H | 620,000 | 22,035,621 | ||||||
| CanSino Biologics Inc., Class H(a)(b) | 510,600 | 5,142,236 | ||||||
| China Construction Bank Corp., Class A | 8,061,100 | 7,217,057 | ||||||
| China Construction Bank Corp., Class H | 79,271,000 | 58,764,841 | ||||||
| China Eastern Airlines Corp. Ltd., Class A(a) | 6,892,435 | 4,965,264 | ||||||
| China Galaxy Securities Co. Ltd., Class A | 3,611,000 | 4,773,137 | ||||||
| China International Capital Corp. Ltd., Class A | 839,013 | 4,822,998 | ||||||
| China Lesso Group Holdings Ltd. | 7,214,000 | 9,262,704 | ||||||
| China Medical System Holdings Ltd. | 6,993,000 | 10,333,343 | ||||||
| China Mengniu Dairy Co. Ltd. | 1,867,000 | 9,559,036 | ||||||
| China Merchants Bank Co. Ltd., Class A | 1,670,040 | 9,893,105 | ||||||
| China Merchants Bank Co. Ltd., Class H | 3,539,500 | 22,387,252 | ||||||
| China Molybdenum Co. Ltd., Class A | 14,345,300 | 10,196,675 | ||||||
| China Molybdenum Co. Ltd., Class H | 11,787,000 | 5,767,466 | ||||||
| China Overseas Land & Investment Ltd. | 1,800,500 | 5,231,344 | ||||||
| China Resources Beer Holdings Co. Ltd. | 812,000 | 5,080,691 | ||||||
| China Resources Gas Group Ltd. | 1,466,000 | 6,133,622 | ||||||
| China Resources Land Ltd. | 3,546,000 | 15,782,240 | ||||||
| China Resources Mixc Lifestyle Services Ltd.(b) | 922,000 | 4,544,149 | ||||||
| China Suntien Green Energy Corp. Ltd., Class H | 15,089,000 | 8,791,652 | ||||||
| China Three Gorges Renewables Group Co. Ltd., Class A | 5,062,700 | 4,698,582 | ||||||
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| China Vanke Co. Ltd., Class H | 2,595,700 | $ | 5,735,376 | |||||
| CIFI Ever Sunshine Services Group Ltd. | 3,900,000 | 4,518,756 | ||||||
| CIFI Holdings Group Co. Ltd. | 12,744,000 | 5,537,904 | ||||||
| Contemporary Amperex Technology Co. Ltd., Class A | 160,103 | 9,748,036 | ||||||
| Country Garden Services Holdings Co. Ltd. | 2,382,000 | 9,418,962 | ||||||
| CSC Financial Co. Ltd., Class A | 1,402,700 | 4,702,987 | ||||||
| CSPC Pharmaceutical Group Ltd. | 11,693,520 | 12,494,231 | ||||||
| ENN Energy Holdings Ltd. | 846,700 | 12,954,537 | ||||||
| Far East Horizon Ltd. | 7,483,000 | 6,636,976 | ||||||
| Fosun International Ltd. | 20,728,500 | 21,017,572 | ||||||
| Fuyao Glass Industry Group Co. Ltd., Class H(b) | 1,032,000 | 4,991,562 | ||||||
| Ganfeng Lithium Co. Ltd., Class A | 361,550 | 6,420,707 | ||||||
| Geely Automobile Holdings Ltd. | 3,014,000 | 5,752,724 | ||||||
| Genscript Biotech Corp.(a) | 1,716,000 | 5,077,896 | ||||||
| Great Wall Motor Co. Ltd., Class H | 2,935,000 | 5,275,187 | ||||||
| Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A | 1,181,200 | 5,476,465 | ||||||
| Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A | 391,197 | 4,437,336 | ||||||
| Hansoh Pharmaceutical Group Co. Ltd.(b) | 2,700,000 | 4,856,928 | ||||||
| Hopson Development Holdings Ltd.(c) | 2,790,340 | 4,545,565 | ||||||
| Huatai Securities Co. Ltd., Class A | 6,182,202 | 12,304,103 | ||||||
| Huatai Securities Co. Ltd., Class H(b) | 3,549,400 | 4,967,656 | ||||||
| Hygeia Healthcare Holdings Co. Ltd.(b) | 983,000 | 5,455,404 | ||||||
| Industrial & Commercial Bank of China Ltd., Class H | 24,154,000 | 14,463,907 | ||||||
| Industrial Bank Co. Ltd., Class A | 2,465,268 | 7,242,960 | ||||||
| JD Health International Inc.(a)(b) | 1,820,750 | 11,556,837 | ||||||
| JD.com Inc., Class A | 1,192,928 | 33,509,778 | ||||||
| Jinxin Fertility Group Ltd.(a)(b) | 6,857,500 | 5,379,840 | ||||||
| Jiumaojiu International Holdings Ltd.(b) | 2,139,000 | 5,013,651 | ||||||
| Kingdee International Software Group Co. Ltd.(a) | 5,707,000 | 11,238,654 | ||||||
| Kuaishou Technology(a)(b) | 966,100 | 9,356,662 | ||||||
| Lenovo Group Ltd. | 14,188,000 | 13,979,554 | ||||||
| Li Auto Inc., ADR(a) | 663,423 | 16,632,015 | ||||||
| Li Ning Co. Ltd. | 1,223,000 | 9,542,058 | ||||||
| Logan Group Co. Ltd.(d) | 14,050,000 | 3,708,017 | ||||||
| Longfor Group Holdings Ltd.(b) | 1,590,500 | 7,914,652 | ||||||
| LONGi Green Energy Technology Co. Ltd., Class A | 570,320 | 6,718,015 | ||||||
| Meituan, Class B(a)(b) | 3,280,300 | 76,972,573 | ||||||
| Microport Scientific Corp. | 2,447,700 | 4,847,777 | ||||||
| Ming Yang Smart Energy Group Ltd., Class A | 1,256,500 | 4,790,342 | ||||||
| Ming Yuan Cloud Group Holdings Ltd. | 3,717,000 | 4,587,808 | ||||||
| MMG Ltd.(a) | 19,204,000 | 8,138,101 | ||||||
| NetEase Inc. | 1,709,170 | 35,745,440 | ||||||
| NIO Inc., ADR(a)(c) | 948,923 | 16,501,771 | ||||||
| Orient Securities Co. Ltd., Class A | 4,908,088 | 6,839,224 | ||||||
| PetroChina Co. Ltd., Class H | 14,826,000 | 7,954,106 | ||||||
| Pinduoduo Inc., ADR(a) | 214,242 | 10,787,085 | ||||||
| Ping An Healthcare and Technology Co. Ltd.(a)(b)(c) | 1,923,400 | 5,172,198 | ||||||
| Ping An Insurance Group Co. of China Ltd., Class A | 718,063 | 4,742,315 | ||||||
| Ping An Insurance Group Co. of China Ltd., Class H | 4,401,000 | 28,178,843 | ||||||
| Pop Mart International Group Ltd.(b) | 1,133,600 | 4,369,890 | ||||||
| Postal Savings Bank of China Co. Ltd., Class A | 11,258,700 | 8,857,026 | ||||||
| Postal Savings Bank of China Co. Ltd., Class H(b) | 6,827,000 | 5,070,606 | ||||||
| Shandong Weigao Group Medical Polymer Co. Ltd., Class H | 4,370,400 | 4,848,301 | ||||||
| Shanghai Electric Group Co. Ltd., Class A | 7,771,200 | 4,728,004 | ||||||
| Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A | 859,815 | 5,635,546 | ||||||
| Shanghai Pharmaceuticals Holding Co. Ltd., Class A | 1,662,300 | 4,482,271 |
1
Schedule of Investments (unaudited) (continued) |
iShares® ESG Aware MSCI EM ETF |
| May 31, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Shanghai Pharmaceuticals Holding Co. Ltd., Class H | 3,641,300 | $ | 5,928,679 | |||||
| Shenzhen Inovance Technology Co. Ltd., Class A | 521,572 | 4,766,166 | ||||||
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | 102,900 | 4,646,631 | ||||||
| Shenzhou International Group Holdings Ltd. | 346,100 | 4,751,549 | ||||||
| Sinopharm Group Co. Ltd., Class H | 1,965,200 | 4,860,790 | ||||||
| Sungrow Power Supply Co. Ltd., Class A | 684,767 | 8,179,573 | ||||||
| Sunny Optical Technology Group Co. Ltd. | 1,068,900 | 16,869,101 | ||||||
| TCL Technology Group Corp., Class A | 7,245,895 | 4,916,965 | ||||||
| Tencent Holdings Ltd. | 4,328,000 | 197,869,077 | ||||||
| Tongcheng Travel Holdings Ltd.(a) | 3,660,400 | 7,017,860 | ||||||
| Topchoice Medical Corp., Class A(a) | 245,909 | 5,137,398 | ||||||
| Trip.com Group Ltd., ADR(a) | 220,328 | 4,860,436 | ||||||
| Unisplendour Corp. Ltd., Class A | 2,403,140 | 6,393,008 | ||||||
| Vipshop Holdings Ltd., ADR(a)(c) | 623,565 | 5,799,154 | ||||||
| Wharf Holdings Ltd. (The) | 1,585,000 | 5,299,818 | ||||||
| WuXi AppTec Co. Ltd., Class A | 391,789 | 5,575,776 | ||||||
| WuXi AppTec Co. Ltd., Class H(b) | 829,680 | 10,254,088 | ||||||
| Wuxi Biologics Cayman Inc., New(a)(b) | 3,768,000 | 27,862,884 | ||||||
| Xiaomi Corp., Class B(a)(b) | 3,274,000 | 5,052,385 | ||||||
| Xinjiang Goldwind Science & Technology Co. Ltd., Class A | 2,900,200 | 5,349,558 | ||||||
| Xinjiang Goldwind Science & Technology Co. Ltd., Class H | 3,023,136 | 4,945,361 | ||||||
| Xinyi Solar Holdings Ltd. | 5,438,000 | 9,652,448 | ||||||
| XPeng Inc., ADR(a)(c) | 484,489 | 11,385,491 | ||||||
| Yadea Group Holdings Ltd.(b) | 7,278,000 | 11,815,662 | ||||||
| Yum China Holdings Inc. | 227,881 | 10,359,470 | ||||||
| Yunnan Baiyao Group Co. Ltd., Class A | 645,540 | 5,448,408 | ||||||
| Zhejiang Huayou Cobalt Co. Ltd., Class A | 341,300 | 4,805,911 | ||||||
| 1,433,797,119 | ||||||||
| Colombia — 0.2% | ||||||||
| Bancolombia SA | 828,412 | 9,958,523 | ||||||
| Czech Republic — 0.2% | ||||||||
| Moneta Money Bank AS(b) | 2,965,258 | 9,866,054 | ||||||
| Greece — 0.4% | ||||||||
| Alpha Services and Holdings SA(a) | 4,933,514 | 5,228,066 | ||||||
| OPAP SA | 879,448 | 13,129,498 | ||||||
| 18,357,564 | ||||||||
| Hungary — 0.3% | ||||||||
| MOL Hungarian Oil & Gas PLC | 2,263,641 | 16,241,152 | ||||||
| India — 12.5% | ||||||||
| Adani Green Energy Ltd.(a) | 397,349 | 9,624,700 | ||||||
| Adani Total Gas Ltd. | 290,217 | 8,965,670 | ||||||
| Asian Paints Ltd. | 718,005 | 26,242,871 | ||||||
| Axis Bank Ltd.(a) | 2,367,627 | 20,776,761 | ||||||
| Bajaj Finance Ltd. | 95,983 | 7,463,873 | ||||||
| Bandhan Bank Ltd.(b) | 1,728,907 | 7,203,724 | ||||||
| Bharti Airtel Ltd.(a) | 1,356,149 | 12,190,661 | ||||||
| Colgate-Palmolive India Ltd. | 781,139 | 16,324,076 | ||||||
| Eicher Motors Ltd. | 335,474 | 11,956,913 | ||||||
| Havells India Ltd. | 473,229 | 7,291,678 | ||||||
| HCL Technologies Ltd. | 1,285,165 | 17,138,458 | ||||||
| Hero MotoCorp Ltd. | 229,995 | 8,165,190 | ||||||
| Hindalco Industries Ltd. | 2,469,763 | 13,430,243 | ||||||
| Hindustan Unilever Ltd. | 790,257 | 23,792,810 | ||||||
| Housing Development Finance Corp. Ltd. | 1,433,366 | 42,193,648 | ||||||
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| ICICI Bank Ltd. | 3,642,358 | $ | 35,077,187 | |||||
| ICICI Prudential Life Insurance Co. Ltd.(b) | 721,360 | 4,846,465 | ||||||
| Info Edge India Ltd. | 182,268 | 9,733,681 | ||||||
| Infosys Ltd. | 2,419,874 | 46,696,253 | ||||||
| Kotak Mahindra Bank Ltd. | 782,786 | 18,461,255 | ||||||
| Mahindra & Mahindra Ltd. | 486,971 | 6,443,311 | ||||||
| Mahindra & Mahindra Ltd., GDR | 941,511 | 12,243,303 | ||||||
| Marico Ltd. | 3,315,115 | 22,697,921 | ||||||
| Mphasis Ltd. | 157,763 | 5,250,667 | ||||||
| Nestle India Ltd. | 80,794 | 18,348,609 | ||||||
| Piramal Enterprises Ltd. | 446,955 | 10,854,036 | ||||||
| Power Grid Corp. of India Ltd. | 3,821,784 | 11,414,407 | ||||||
| Reliance Industries Ltd. | 1,892,381 | 63,751,400 | ||||||
| Reliance Industries Ltd., GDR(b) | 75,207 | 5,059,884 | ||||||
| Shriram Transport Finance Co. Ltd. | 369,573 | 5,564,474 | ||||||
| State Bank of India | 1,694,773 | 10,136,124 | ||||||
| Tata Consultancy Services Ltd. | 988,272 | 42,616,017 | ||||||
| Tata Consumer Products Ltd. | 793,813 | 7,733,578 | ||||||
| Tata Elxsi Ltd. | 50,296 | 5,429,626 | ||||||
| Tata Motors Ltd.(a) | 4,288 | 24,406 | ||||||
| Tata Steel Ltd. | 320,198 | 4,353,856 | ||||||
| Tech Mahindra Ltd. | 596,181 | 9,013,786 | ||||||
| Titan Co. Ltd. | 170,132 | 4,835,672 | ||||||
| United Spirits Ltd.(a) | 587,081 | 6,095,353 | ||||||
| UPL Ltd. | 671,611 | 6,726,225 | ||||||
| Wipro Ltd. | 796,431 | 4,840,129 | ||||||
| Zomato Ltd.(a) | 5,598,990 | 5,355,228 | ||||||
| 616,364,129 | ||||||||
| Indonesia — 1.9% | ||||||||
| Aneka Tambang Tbk | 27,683,300 | 4,765,454 | ||||||
| Bank Central Asia Tbk PT | 46,881,000 | 24,804,787 | ||||||
| Bank Negara Indonesia Persero Tbk PT | 7,850,300 | 4,939,751 | ||||||
| Kalbe Farma Tbk PT | 163,525,800 | 18,777,448 | ||||||
| Merdeka Copper Gold Tbk PT(a) | 16,371,700 | 6,119,317 | ||||||
| Telkom Indonesia Persero Tbk PT | 78,800,300 | 23,264,339 | ||||||
| Unilever Indonesia Tbk PT | 28,240,300 | 9,148,720 | ||||||
| 91,819,816 | ||||||||
| Kuwait — 0.5% | ||||||||
| Kuwait Finance House KSCP | 8,257,493 | 24,215,058 | ||||||
| Malaysia — 2.5% | ||||||||
| Axiata Group Bhd | 6,423,400 | 4,708,528 | ||||||
| Hartalega Holdings Bhd | 4,802,400 | 4,606,619 | ||||||
| Kuala Lumpur Kepong Bhd | 1,089,700 | 6,361,250 | ||||||
| Malayan Banking Bhd | 7,694,900 | 15,980,635 | ||||||
| Maxis Bhd | 11,365,800 | 9,839,792 | ||||||
| Nestle Malaysia Bhd | 560,700 | 17,262,158 | ||||||
| Petronas Dagangan Bhd | 3,791,600 | 19,541,087 | ||||||
| Press Metal Aluminium Holdings Bhd | 4,008,300 | 5,071,596 | ||||||
| Public Bank Bhd | 21,152,800 | 22,848,652 | ||||||
| RHB Bank Bhd | 7,048,600 | 9,765,060 | ||||||
| Sime Darby Plantation Bhd | 4,329,300 | 4,964,944 | ||||||
| 120,950,321 | ||||||||
| Mexico — 1.9% | ||||||||
| Arca Continental SAB de CV | 2,116,700 | 14,389,537 | ||||||
| Cemex SAB de CV, NVS(a) | 10,570,500 | 4,973,595 | ||||||
| Coca-Cola Femsa SAB de CV | 838,300 | 5,021,579 | ||||||
| Fomento Economico Mexicano SAB de CV | 3,235,200 | 24,235,438 | ||||||
| Grupo Aeroportuario del Sureste SAB de CV, Class B | 255,635 | 5,584,729 |
2
Schedule of Investments (unaudited) (continued) |
iShares® ESG Aware MSCI EM ETF |
| May 31, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Mexico (continued) | ||||||||
| Grupo Financiero Banorte SAB de CV, Class O | 3,212,200 | $ | 20,824,908 | |||||
| Industrias Penoles SAB de CV | 415,090 | 4,881,613 | ||||||
| Wal-Mart de Mexico SAB de CV | 3,726,800 | 13,780,099 | ||||||
| 93,691,498 | ||||||||
| Peru — 0.2% | ||||||||
| Credicorp Ltd. | 90,789 | 12,744,960 | ||||||
| Philippines — 0.2% | ||||||||
| Globe Telecom Inc. | 99,350 | 4,594,383 | ||||||
| GT Capital Holdings Inc. | 473,820 | 4,544,873 | ||||||
| 9,139,256 | ||||||||
| Poland — 0.5% | ||||||||
| Allegro.eu SA (a)(b)(c) | 867,864 | 5,086,329 | ||||||
| Bank Polska Kasa Opieki SA | 223,706 | 4,882,419 | ||||||
| KGHM Polska Miedz SA | 256,215 | 8,727,158 | ||||||
| Polski Koncern Naftowy ORLEN SA | 312,487 | 5,393,557 | ||||||
| 24,089,463 | ||||||||
| Qatar — 1.0% | ||||||||
| Qatar Fuel QSC | 474,481 | 2,234,533 | ||||||
| Qatar National Bank QPSC | 7,641,903 | 45,046,332 | ||||||
| 47,280,865 | ||||||||
| Romania — 0.1% | ||||||||
| NEPI Rockcastle S.A | 786,131 | 4,935,257 | ||||||
| Russia — 0.0% | ||||||||
| Gazprom PJSC(d) | 7,224,690 | 1,151 | ||||||
| LUKOIL PJSC(d) | 725,046 | 116 | ||||||
| Novatek PJSC, GDR(d) | 168,623 | 1,686 | ||||||
| Novolipetsk Steel PJSC(d) | 5,130,970 | 818 | ||||||
| PhosAgro PJSC(d) | 4,826 | — | ||||||
| PhosAgro PJSC, GDR(d) | 749,223 | 7,444 | ||||||
| Polymetal International PLC(d) | 1,747,485 | 279 | ||||||
| Polyus PJSC(d) | 43,646 | 7 | ||||||
| Rosneft Oil Co. PJSC(d) | 759,129 | 121 | ||||||
| Sberbank of Russia PJSC(a)(d) | 10,004,860 | 1,594 | ||||||
| TCS Group Holding PLC, GDR(a)(d) | 124,025 | 20 | ||||||
| Yandex NV(a)(d) | 87,150 | 14 | ||||||
| 13,250 | ||||||||
| Saudi Arabia — 3.8% | ||||||||
| Al Rajhi Bank | 1,637,391 | 43,074,118 | ||||||
| Almarai Co. JSC | 332,811 | 4,863,603 | ||||||
| Bank AlBilad(a) | 722,591 | 9,642,645 | ||||||
| Dr Sulaiman Al Habib Medical Services Group Co. | 263,639 | 15,028,348 | ||||||
| National Industrialization Co.(a) | 946,477 | 4,628,286 | ||||||
| SABIC Agri-Nutrients Co. | 176,461 | 6,911,190 | ||||||
| Sahara International Petrochemical Co. | 741,218 | 10,575,182 | ||||||
| Saudi Arabian Mining Co.(a) | 1,454,954 | 25,212,130 | ||||||
| Saudi Arabian Oil Co.(b) | 1,472,728 | 16,453,087 | ||||||
| Saudi Basic Industries Corp. | 1,185,059 | 36,204,673 | ||||||
| Saudi National Bank (The) | 259,052 | 5,008,335 | ||||||
| Savola Group (The) | 918,998 | 9,216,345 | ||||||
| 186,817,942 | ||||||||
| South Africa — 4.3% | ||||||||
| Absa Group Ltd. | 928,688 | 10,909,894 | ||||||
| Bidvest Group Ltd. (The) | 758,499 | 10,577,167 | ||||||
| Clicks Group Ltd. | 416,007 | 8,096,630 | ||||||
| FirstRand Ltd. | 1,959,876 | 9,073,809 | ||||||
| Gold Fields Ltd. | 1,451,118 | 13,895,610 | ||||||
| Growthpoint Properties Ltd. | 5,413,258 | 4,982,879 |
| Security | Shares | Value | ||||||
| South Africa (continued) | ||||||||
| Impala Platinum Holdings Ltd. | 1,068,239 | $ | 14,564,224 | |||||
| Kumba Iron Ore Ltd. | 385,310 | 14,509,826 | ||||||
| MTN Group Ltd. | 820,435 | 8,843,511 | ||||||
| MultiChoice Group | 732,216 | 6,262,129 | ||||||
| Naspers Ltd., Class N | 179,916 | 19,598,421 | ||||||
| Nedbank Group Ltd. | 543,192 | 8,233,951 | ||||||
| Old Mutual Ltd. | 17,393,576 | 14,204,544 | ||||||
| Sanlam Ltd. | 1,999,953 | 8,625,606 | ||||||
| Sasol Ltd.(a) | 205,860 | 5,462,536 | ||||||
| Standard Bank Group Ltd. | 904,374 | 10,332,648 | ||||||
| Vodacom Group Ltd. | 3,767,000 | 35,373,743 | ||||||
| Woolworths Holdings Ltd. | 1,988,583 | 7,076,591 | ||||||
| 210,623,719 | ||||||||
| South Korea — 12.3% | ||||||||
| Amorepacific Corp. | 38,605 | 5,085,752 | ||||||
| AMOREPACIFIC Group | 275,242 | 10,215,225 | ||||||
| CJ CheilJedang Corp. | 28,783 | 9,118,599 | ||||||
| Coway Co. Ltd. | 193,397 | 11,128,017 | ||||||
| Hana Financial Group Inc. | 291,296 | 11,649,887 | ||||||
| HD Hyundai Co. Ltd. | 107,859 | 5,448,745 | ||||||
| HMM Co. Ltd. | 237,291 | 6,203,423 | ||||||
| Kakao Corp. | 288,506 | 19,704,750 | ||||||
| KB Financial Group Inc. | 595,151 | 29,087,095 | ||||||
| LG Chem Ltd. | 37,563 | 17,655,716 | ||||||
| LG Corp. | 1 | 65 | ||||||
| LG Display Co. Ltd.(c) | 811,150 | 11,347,318 | ||||||
| LG Electronics Inc. | 95,250 | 8,033,949 | ||||||
| LG Household & Health Care Ltd. | 8,842 | 5,221,740 | ||||||
| LG Innotek Co. Ltd. | 20,532 | 6,344,953 | ||||||
| NAVER Corp. | 196,904 | 45,593,020 | ||||||
| NCSoft Corp. | 19,545 | 7,155,517 | ||||||
| POSCO Holdings Inc. | 103,516 | 24,061,201 | ||||||
| Samsung C&T Corp. | 130,379 | 12,694,810 | ||||||
| Samsung Electro-Mechanics Co. Ltd. | 42,718 | 5,307,893 | ||||||
| Samsung Electronics Co. Ltd. | 3,512,450 | 190,999,798 | ||||||
| Samsung Fire & Marine Insurance Co. Ltd. | 64,305 | 10,301,546 | ||||||
| Samsung Life Insurance Co. Ltd. | 104,089 | 5,729,438 | ||||||
| Samsung SDI Co. Ltd. | 49,236 | 22,768,695 | ||||||
| Samsung SDS Co. Ltd. | 40,456 | 4,837,624 | ||||||
| Samsung Securities Co. Ltd. | 195,519 | 6,240,975 | ||||||
| Shinhan Financial Group Co. Ltd. | 816,719 | 28,430,946 | ||||||
| SK Hynix Inc. | 409,668 | 35,507,249 | ||||||
| SK Inc. | 79,332 | 15,828,872 | ||||||
| SK Innovation Co. Ltd.(a) | 71,326 | 12,356,846 | ||||||
| SK Telecom Co. Ltd. | 102,191 | 4,705,443 | ||||||
| Woori Financial Group Inc. | 1,403,794 | 16,907,546 | ||||||
| 605,672,653 | ||||||||
| Taiwan — 16.3% | ||||||||
| Acer Inc. | 29,795,000 | 29,676,328 | ||||||
| ASE Technology Holding Co. Ltd. | 1,589,000 | 5,657,388 | ||||||
| Asustek Computer Inc. | 981,000 | 11,485,556 | ||||||
| AU Optronics Corp. | 10,570,000 | 6,491,455 | ||||||
| Cathay Financial Holding Co. Ltd. | 24,123,110 | 46,012,656 | ||||||
| Chailease Holding Co. Ltd. | 901,219 | 6,934,489 | ||||||
| China Steel Corp. | 11,474,000 | 13,639,140 | ||||||
| CTBC Financial Holding Co. Ltd. | 33,112,000 | 30,748,799 | ||||||
| Delta Electronics Inc. | 2,759,000 | 22,701,599 | ||||||
| E Ink Holdings Inc. | 686,000 | 4,797,864 | ||||||
| E.Sun Financial Holding Co. Ltd. | 28,938,132 | 30,326,465 |
3
Schedule of Investments (unaudited) (continued) |
iShares® ESG Aware MSCI EM ETF |
| May 31, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Taiwan (continued) | ||||||||
| Eva Airways Corp.(a) | 4,475,000 | $ | 5,257,451 | |||||
| Evergreen Marine Corp. Taiwan Ltd. | 2,731,000 | 13,080,425 | ||||||
| Far EasTone Telecommunications Co. Ltd. | 7,452,000 | 20,400,899 | ||||||
| First Financial Holding Co. Ltd. | 34,339,689 | 32,215,026 | ||||||
| Fubon Financial Holding Co. Ltd. | 10,856,723 | 23,806,295 | ||||||
| Hon Hai Precision Industry Co. Ltd. | 2,400,000 | 9,305,566 | ||||||
| Hotai Motor Co. Ltd. | 348,000 | 7,530,358 | ||||||
| MediaTek Inc. | 1,128,000 | 34,879,034 | ||||||
| Mega Financial Holding Co. Ltd. | 8,858,000 | 11,767,742 | ||||||
| momo.com Inc. | 180,000 | 5,137,381 | ||||||
| Taishin Financial Holding Co. Ltd. | 39,660,831 | 24,388,298 | ||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. | 19,093,000 | 361,066,292 | ||||||
| Unimicron Technology Corp. | 828,000 | 6,077,201 | ||||||
| United Microelectronics Corp. | 11,450,000 | 20,176,187 | ||||||
| Voltronic Power Technology Corp. | 100,000 | 5,099,053 | ||||||
| Yageo Corp. | 346,000 | 4,785,832 | ||||||
| Yang Ming Marine Transport Corp.(a) | 1,595,000 | 6,773,583 | ||||||
| 800,218,362 | ||||||||
| Thailand — 2.7% | ||||||||
| Advanced Info Service PCL, NVDR | 3,178,400 | 20,155,254 | ||||||
| Asset World Corp. PCL, NVDR | 33,416,400 | 4,980,364 | ||||||
| Bangkok Dusit Medical Services PCL, NVDR | 16,480,500 | 12,398,149 | ||||||
| BTS Group Holdings PCL, NVDR | 58,272,500 | 15,139,158 | ||||||
| Energy Absolute PCL, NVDR | 2,026,700 | 5,303,729 | ||||||
| Intouch Holdings PCL, NVDR | 4,499,000 | 9,400,307 | ||||||
| Krungthai Card PCL, NVDR | 2,718,800 | 4,859,070 | ||||||
| Minor International PCL, NVDR(a) | 5,987,900 | 6,116,872 | ||||||
| PTT Exploration & Production PCL, NVDR | 2,887,000 | 14,213,928 | ||||||
| PTT Public Company Ltd., NVDR | 20,835,800 | 23,201,823 | ||||||
| SCB X PCL, NVS | 1,479,000 | 4,883,898 | ||||||
| Siam Cement PCL (The), NVDR | 1,334,200 | 14,479,285 | ||||||
| 135,131,837 | ||||||||
| Turkey — 0.2% | ||||||||
| Aselsan Elektronik Sanayi Ve Ticaret AS | 3,321,395 | 4,952,758 | ||||||
| Turkcell Iletisim Hizmetleri AS | 5,709,778 | 6,732,026 | ||||||
| 11,684,784 | ||||||||
| United Arab Emirates — 1.8% | ||||||||
| Abu Dhabi Commercial Bank PJSC | 8,192,321 | 22,279,643 | ||||||
| Emirates Telecommunications Group Co. PJSC | 3,054,558 | 25,211,019 | ||||||
| First Abu Dhabi Bank PJSC | 6,692,345 | 39,097,271 | ||||||
| 86,587,933 | ||||||||
| Total Common Stocks — 96.7% | ||||||||
| (Cost: $4,615,040,879) | 4,753,471,906 | |||||||
| Security | Shares | Value | ||||||
| Preferred Stocks | ||||||||
| Brazil — 1.6% | ||||||||
| Banco Bradesco SA, Preference Shares, NVS | 6,695,210 | $ | 28,879,615 | |||||
| Cia. Energetica de Minas Gerais, Preference Shares, NVS | 7,722,722 | 18,930,829 | ||||||
| Gerdau SA, Preference Shares, NVS | 1,849,916 | 11,354,336 | ||||||
| Itau Unibanco Holding SA, Preference Shares, NVS | 3,351,931 | 18,450,414 | ||||||
| 77,615,194 | ||||||||
| Chile — 0.2% | ||||||||
| Sociedad Quimica y Minera de Chile SA, Class B, | ||||||||
| Preference Shares, NVS | 101,716 | 10,864,706 | ||||||
| Colombia — 0.3% | ||||||||
| Bancolombia SA, Preference Shares, NVS | 1,551,229 | 17,405,036 | ||||||
| South Korea — 0.7% | ||||||||
| Samsung Electronics Co. Ltd., Preference Shares, NVS | 695,597 | 34,119,911 | ||||||
| Total Preferred Stocks — 2.8% | ||||||||
| (Cost: $111,786,443) | 140,004,847 | |||||||
| Short-Term Securities | ||||||||
| Money Market Funds — 0.7% | ||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares, 0.87%(e)(f)(g) | 35,908,562 | 35,908,562 | ||||||
| Total Short-Term Securities — 0.7% | ||||||||
| (Cost: $35,893,772) | 35,908,562 | |||||||
| Total Investments in Securities — 100.2% | ||||||||
| (Cost: $4,762,721,094) | 4,929,385,315 | |||||||
| Liabilities in Excess of Other Assets — (0.2)% | (12,274,355 | ) | ||||||
| Net Assets — 100.0% | $ | 4,917,110,960 |
| (a) | Non-income producing security. |
| (b) | 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. |
| (c) | All or a portion of this security is on loan. |
| (d) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
| (e) | Affiliate of the Fund. |
| (f) | Annualized 7-day yield as of period end. |
| (g) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
4
Schedule of Investments (unaudited) (continued) |
iShares® ESG Aware MSCI EM ETF |
| May 31, 2022 |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | Value at 08/31/21 | Purchases at Cost | Proceeds from Sale | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 05/31/22 | Shares Held at 05/31/22 | Income | Capital Gain Distributions from Underlying Funds | ||||||||||||||||||||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 41,185,570 | $ | — | $ | (5,267,522 | )(a) | $ | (16,570 | ) | $ | 7,084 | $ | 35,908,562 | 35,908,562 | $ | 740,668 | (b) | $ | — | |||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares(c) | 6,140,000 | — | (6,140,000 | )(a) | — | — | — | — | 14,247 | — | |||||||||||||||||||||||||
| $ | (16,570 | ) | $ | 7,084 | $ | 35,908,562 | $ | 754,915 | $ | — | |||||||||||||||||||||||||
| (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. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
| Description | Number of Contracts | Expiration Date | Notional Amount (000 | ) | Value/ Unrealized Appreciation (Depreciation) | |||||||||||
| Long Contracts | ||||||||||||||||
| MSCI Emerging Markets Index | 281 | 06/17/22 | $ | 14,939 | $ | 27,282 |
Fair Value Measurements
Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| • | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access; |
| • | Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and |
| • | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
5
Schedule of Investments (unaudited) (continued) |
iShares® ESG Aware MSCI EM ETF |
| May 31, 2022 |
Fair Value Measurements (continued)
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Investments | ||||||||||||||||
| Assets | ||||||||||||||||
| Common Stocks | $ | 509,459,240 | $ | 4,240,291,399 | $ | 3,721,267 | $ | 4,753,471,906 | ||||||||
| Preferred Stocks | 105,884,936 | 34,119,911 | — | 140,004,847 | ||||||||||||
| Money Market Funds | 35,908,562 | — | — | 35,908,562 | ||||||||||||
| $ | 651,252,738 | $ | 4,274,411,310 | $ | 3,721,267 | $ | 4,929,385,315 | |||||||||
| Derivative financial instruments(a) | ||||||||||||||||
| Assets | ||||||||||||||||
| Futures Contracts | $ | 27,282 | $ | — | $ | — | $ | 27,282 | ||||||||
| (a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviations - Equity
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| JSC | Joint Stock Company |
| NVDR | Non-Voting Depositary Receipt |
| NVS | Non-Voting Shares |
| PJS | Public Joint Stock Company |
6