Schedule of Investments (unaudited) | iShares® MSCI Emerging Markets Multifactor ETF |
November 30, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | |||||
Common Stocks | |||||||
Brazil — 2.7% | |||||||
BB Seguridade Participacoes SA | 868,028 | $ | 5,238,929 | ||||
CCR SA | 751,464 | 1,710,193 | |||||
Cia. de Saneamento Basico do Estado de Sao Paulo | 414,143 | 4,811,524 | |||||
Petroleo Brasileiro SA | 765,266 | 4,481,569 | |||||
Telefonica Brasil SA | 623,841 | 4,574,205 | |||||
Tim SA | 525,331 | 1,316,023 | |||||
22,132,443 | |||||||
Chile — 0.2% | |||||||
Cencosud SA | 877,489 | 1,304,655 | |||||
Cia. Cervecerias Unidas SA | 80,185 | 486,952 | |||||
1,791,607 | |||||||
China — 34.4% | |||||||
360 DigiTech Inc.(a) | 67,128 | 1,053,238 | |||||
3SBio Inc.(b) | 907,500 | 962,687 | |||||
AAC Technologies Holdings Inc.(c) | 449,500 | 1,033,552 | |||||
Alibaba Group Holding Ltd.(c) | 326,448 | 3,552,784 | |||||
Autohome Inc., ADR | 46,705 | 1,396,480 | |||||
AviChina Industry & Technology Co. Ltd., Class H | 507,000 | 239,307 | |||||
Bank of Communications Co. Ltd., Class H | 10,854,000 | 6,149,891 | |||||
Baoshan Iron & Steel Co. Ltd., Class A | 1,680,200 | 1,350,317 | |||||
Beijing Enterprises Holdings Ltd. | 313,000 | 995,473 | |||||
Beijing Enterprises Water Group Ltd. | 2,514,000 | 671,376 | |||||
Beijing Tongrentang Co. Ltd., Class A | 102,000 | 716,605 | |||||
Bethel Automotive Safety Systems Co. Ltd. | 13,500 | 162,522 | |||||
BOC Aviation Ltd.(b) | 129,100 | 1,022,268 | |||||
Bosideng International Holdings Ltd. | 2,024,000 | 1,008,487 | |||||
BYD Electronic International Co. Ltd. | 419,000 | 1,396,811 | |||||
China Cinda Asset Management Co. Ltd., Class H | 5,468,000 | 719,353 | |||||
China CITIC Bank Corp. Ltd., Class H | 10,717,000 | 4,765,449 | |||||
China Coal Energy Co. Ltd., Class H | 2,501,000 | 2,325,396 | |||||
China Communications Services Corp. Ltd., Class H | 1,482,000 | 510,893 | |||||
China Construction Bank Corp., Class H | 31,935,000 | 19,327,058 | |||||
China Everbright Bank Co. Ltd., Class H | 3,822,000 | 1,139,451 | |||||
China Feihe Ltd.(b) | 1,895,000 | 1,535,709 | |||||
China Hongqiao Group Ltd. | 2,893,500 | 2,734,544 | |||||
China Lesso Group Holdings Ltd. | 673,000 | 825,068 | |||||
China Longyuan Power Group Corp. Ltd., Class H | 4,008,000 | 4,943,093 | |||||
China Medical System Holdings Ltd. | 836,000 | 1,224,439 | |||||
China Meheco Co. Ltd., Class A | 67,400 | 160,885 | |||||
China Meidong Auto Holdings Ltd. | 356,000 | 677,592 | |||||
China Merchants Port Holdings Co. Ltd. | 854,000 | 1,246,524 | |||||
China National Building Material Co. Ltd., Class H | 4,804,000 | 4,283,449 | |||||
China Oilfield Services Ltd., Class H | 2,246,000 | 2,815,066 | |||||
China Power International Development Ltd. | 3,358,000 | 1,306,382 | |||||
China Railway Group Ltd., Class H | 4,803,000 | 2,711,047 | |||||
China Resources Cement Holdings Ltd. | 1,516,000 | 822,905 | |||||
China Resources Pharmaceutical Group Ltd.(b) | 974,000 | 798,059 | |||||
China Resources Power Holdings Co. Ltd. | 2,386,000 | 4,447,792 | |||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | 31,600 | 265,574 | |||||
China Shenhua Energy Co. Ltd., Class H | 4,046,500 | 12,541,932 | |||||
China State Construction International Holdings Ltd. | 1,250,000 | 1,509,415 | |||||
China Taiping Insurance Holdings Co. Ltd. | 891,400 | 912,347 | |||||
China Tower Corp. Ltd., Class H(b) | 54,972,000 | 5,945,361 | |||||
China Traditional Chinese Medicine Holdings Co. Ltd. | 1,718,000 | 861,375 | |||||
Chinasoft International Ltd. | 1,710,000 | 1,477,487 | |||||
COSCO SHIPPING Holdings Co. Ltd., Class H | 3,952,000 | 4,322,285 | |||||
COSCO SHIPPING Ports Ltd. | 1,154,000 | 876,200 |
Security | Shares | Value | |||||
China (continued) | |||||||
CSPC Pharmaceutical Group Ltd. | 5,216,000 | $ | 6,671,127 | ||||
Daan Gene Co. Ltd., Class A | 36,800 | 93,639 | |||||
Dali Foods Group Co. Ltd.(b) | 2,547,000 | 1,204,857 | |||||
Daqo New Energy Corp., ADR(c) | 37,191 | 2,116,540 | |||||
Dongfeng Motor Group Co. Ltd., Class H | 3,542,000 | 1,995,413 | |||||
Dongyue Group Ltd. | 908,000 | 1,016,617 | |||||
Far East Horizon Ltd. | 936,000 | 712,272 | |||||
Fosun International Ltd.(a) | 3,162,500 | 2,417,630 | |||||
Fuyao Glass Industry Group Co. Ltd., Class H(b) | 752,400 | 3,336,212 | |||||
G-Bits Network Technology Xiamen Co. Ltd., Class A | 3,300 | 153,672 | |||||
Geely Automobile Holdings Ltd.(a) | 1,302,000 | 1,945,726 | |||||
GF Securities Co. Ltd., Class H | 1,319,400 | 1,924,922 | |||||
Greentown Service Group Co. Ltd. | 374,000 | 258,299 | |||||
Guanghui Energy Co. Ltd., Class A | 488,500 | 741,785 | |||||
Guangzhou Great Power Energy & Technology Co. Ltd. | 7,200 | 77,881 | |||||
Haitian International Holdings Ltd. | 396,000 | 1,032,291 | |||||
Hangzhou Binjiang Real Estate Group Co. Ltd. | 36,600 | 58,174 | |||||
Henan Shenhuo Coal & Power Co. Ltd. | 83,700 | 199,318 | |||||
Hengan International Group Co. Ltd. | 396,500 | 1,827,645 | |||||
Hesteel Co. Ltd., Class A | 473,600 | 165,318 | |||||
Hopson Development Holdings Ltd. | 58,237 | 66,335 | |||||
Huadong Medicine Co. Ltd., Class A | 130,200 | 766,053 | |||||
Huaxin Cement Co. Ltd., Class A | 61,300 | 135,753 | |||||
Huayu Automotive Systems Co. Ltd., Class A | 234,600 | 619,794 | |||||
Hubei Feilihua Quartz Glass Co. Ltd. | 14,000 | 114,560 | |||||
Hubei Jumpcan Pharmaceutical Co. Ltd., Class A | 25,000 | 116,087 | |||||
Huizhou Desay Sv Automotive Co. Ltd., Class A | 41,300 | 654,258 | |||||
Hunan Valin Steel Co. Ltd., Class A | 257,020 | 176,851 | |||||
Inner Mongolia Dian Tou Energy Corp. Ltd. | 49,900 | 95,247 | |||||
Inner Mongolia ERDOS Resources Co. Ltd. | 52,940 | 122,250 | |||||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A | 599,800 | 359,281 | |||||
Inner Mongolia Yitai Coal Co. Ltd., Class B | 799,200 | 1,185,971 | |||||
Inner Mongolia Yuan Xing Energy Co. Ltd., Class A | 161,800 | 188,547 | |||||
Jafron Biomedical Co. Ltd., Class A | 21,300 | 95,732 | |||||
Jiangsu Expressway Co. Ltd., Class H | 1,464,000 | 1,318,884 | |||||
Jiangsu Zhongtian Technology Co. Ltd., Class A | 253,900 | 608,345 | |||||
Jiangxi Copper Co. Ltd., Class H | 1,327,000 | 1,942,395 | |||||
Jiumaojiu International Holdings Ltd.(b) | 451,000 | 1,131,693 | |||||
Jizhong Energy Resources Co. Ltd. | 157,800 | 157,480 | |||||
JOYY Inc., ADR | 28,988 | 882,974 | |||||
Kingboard Holdings Ltd. | 412,500 | 1,365,560 | |||||
Kingboard Laminates Holdings Ltd. | 580,500 | 612,936 | |||||
Kunlun Energy Co. Ltd. | 4,832,000 | 3,748,885 | |||||
Lenovo Group Ltd. | 9,024,000 | 7,706,909 | |||||
Lepu Medical Technology Beijing Co. Ltd., Class A | 67,100 | 215,685 | |||||
Li Ning Co. Ltd. | 1,899,000 | 15,261,308 | |||||
Lufax Holding Ltd., ADR | 850,350 | 1,581,651 | |||||
Luxi Chemical Group Co. Ltd., Class A | 85,200 | 161,293 | |||||
Metallurgical Corp. of China Ltd., Class A | 1,275,500 | 605,719 | |||||
Minth Group Ltd. | 468,000 | 1,273,746 | |||||
New Oriental Education & Technology Group Inc.(c) | 784,700 | 2,254,355 | |||||
Nine Dragons Paper Holdings Ltd. | 1,018,000 | 813,543 | |||||
Ningbo Deye Technology Co. Ltd., NVS | 14,800 | 767,468 | |||||
Ningbo Tuopu Group Co. Ltd., Class A | 82,000 | 796,047 | |||||
North Industries Group Red Arrow Co. Ltd., Class A | 62,300 | 191,300 | |||||
Orient Overseas International Ltd. | 164,000 | 3,116,218 | |||||
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A(c) | 320,001 | 248,159 | |||||
PetroChina Co. Ltd., Class H | 12,640,000 | 5,751,601 |
1
Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Multifactor ETF |
November 30, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | |||||
China (continued) | |||||||
PICC Property & Casualty Co. Ltd., Class H | 8,555,000 | $ | 8,667,132 | ||||
Pingdingshan Tianan Coal Mining Co. Ltd. | 61,500 | 107,526 | |||||
Sailun Group Co. Ltd., Class A | 136,800 | 187,087 | |||||
Sany Heavy Equipment International Holdings Co. Ltd. | 686,000 | 734,231 | |||||
Shaanxi Coal Industry Co. Ltd., Class A | 707,300 | 2,036,478 | |||||
Shan Xi Hua Yang Group New Energy Co. Ltd. | 89,100 | 215,512 | |||||
Shandong Buchang Pharmaceuticals Co. Ltd., Class A | 51,429 | 166,121 | |||||
Shandong Weifang Rainbow Chemical Co. Ltd. | 7,100 | 95,440 | |||||
Shandong Weigao Group Medical Polymer Co. Ltd., Class H | 1,542,000 | 2,260,237 | |||||
Shanghai Fudan Microelectronics Group Co. Ltd. | 15,053 | 162,718 | |||||
Shanghai Fudan Microelectronics Group Co. Ltd., Class H | 176,000 | 821,309 | |||||
Shanghai International Port Group Co. Ltd., Class A | 674,400 | 523,644 | |||||
Shanghai Pharmaceuticals Holding Co. Ltd., Class H | 941,700 | 1,570,277 | |||||
Shanxi Coking Coal Energy Group Co. Ltd., Class A | 164,500 | 311,250 | |||||
Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A | 114,800 | 312,856 | |||||
Shanxi Taigang Stainless Steel Co. Ltd., Class A | 254,300 | 163,974 | |||||
Shenzhen International Holdings Ltd. | 892,000 | 826,371 | |||||
Shenzhen Kstar Science & Technology Co. Ltd. | 15,200 | 110,336 | |||||
Shenzhen New Industries Biomedical Engineering Co. Ltd., Class A | 29,200 | 203,716 | |||||
Shenzhen Salubris Pharmaceuticals Co. Ltd., Class A | 41,500 | 204,365 | |||||
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A | 68,560 | 441,427 | |||||
Sichuan Hebang Biotechnology Co. Ltd., Class A | 393,800 | 178,640 | |||||
Sichuan Kelun Pharmaceutical Co. Ltd., Class A | 45,200 | 152,123 | |||||
Sinopharm Group Co. Ltd., Class H | 1,664,000 | 3,947,691 | |||||
Tencent Holdings Ltd. | 355,200 | 13,432,348 | |||||
Tingyi Cayman Islands Holding Corp. | 2,354,000 | 3,850,076 | |||||
Tongcheng Travel Holdings Ltd.(c) | 757,600 | 1,649,535 | |||||
Topsports International Holdings Ltd.(b) | 1,153,000 | 740,388 | |||||
TravelSky Technology Ltd., Class H | 578,000 | 1,174,369 | |||||
Uni-President China Holdings Ltd. | 803,000 | 704,840 | |||||
Vinda International Holdings Ltd.(a) | 224,000 | 583,150 | |||||
Vipshop Holdings Ltd., ADR(a)(c) | 259,388 | 2,892,176 | |||||
Want Want China Holdings Ltd. | 5,743,000 | 3,898,367 | |||||
Westone Information Industry Inc., Class A | 37,700 | 189,905 | |||||
Wuchan Zhongda Group Co. Ltd., Class A | 231,900 | 150,318 | |||||
Xiamen Faratronic Co. Ltd. | 8,400 | 190,006 | |||||
Xinjiang Zhongtai Chemical Co. Ltd., Class A | 121,300 | 112,996 | |||||
Xtep International Holdings Ltd. | 817,000 | 939,088 | |||||
Yadea Group Holdings Ltd.(b) | 760,000 | 1,441,866 | |||||
Yankuang Energy Group Co. Ltd., Class H | 1,884,000 | 6,325,904 | |||||
Yintai Gold Co. Ltd., Class A | 103,300 | 209,636 | |||||
YongXing Special Materials Technology Co. Ltd., Class A | 15,400 | 233,231 | |||||
Youngor Group Co. Ltd., Class A | 206,400 | 189,606 | |||||
YTO Express Group Co. Ltd., Class A | 255,700 | 704,709 | |||||
Yuexiu Property Co. Ltd. | 864,400 | 1,097,089 | |||||
Yum China Holdings Inc. | 151,586 | 8,355,420 | |||||
Zangge Mining Co. Ltd. | 117,600 | 519,562 | |||||
Zhaojin Mining Industry Co. Ltd., Class H(c) | 728,000 | 806,202 | |||||
Zhejiang Expressway Co. Ltd., Class H | 844,000 | 630,266 | |||||
Zhejiang Juhua Co. Ltd., Class A | 102,000 | 245,187 | |||||
Zhejiang Weixing New Building Materials Co. Ltd., Class A | 52,900 | 163,718 | |||||
Zhongsheng Group Holdings Ltd. | 686,500 | 3,541,525 | |||||
Zhuzhou CRRC Times Electric Co. Ltd., NVS | 52,200 | 416,971 | |||||
Zhuzhou CRRC Times Electric Co. Ltd. | 656,700 | 3,051,184 | |||||
Zhuzhou Kibing Group Co. Ltd., Class A | 120,000 | 169,780 | |||||
277,914,018 |
Security | Shares | Value | |||||
Egypt — 0.0% | |||||||
Eastern Co. SAE | 650,075 | $ | 341,601 | ||||
Greece — 0.1% | |||||||
JUMBO SA | 71,706 | 1,145,218 | |||||
Hungary — 0.5% | |||||||
MOL Hungarian Oil & Gas PLC. | 254,030 | 1,839,026 | |||||
Richter Gedeon Nyrt | 86,667 | 1,864,413 | |||||
3,703,439 | |||||||
India — 19.6% | |||||||
ACC Ltd. | 46,573 | 1,471,683 | |||||
Adani Enterprises Ltd. | 347,414 | 16,803,316 | |||||
Adani Power Ltd.(c) | 67,298 | 276,387 | |||||
Adani Total Gas Ltd. | 340,953 | 15,348,329 | |||||
Ambuja Cements Ltd. | 369,342 | 2,602,916 | |||||
Aurobindo Pharma Ltd. | 163,482 | 944,492 | |||||
Balkrishna Industries Ltd. | 47,944 | 1,207,546 | |||||
Bharat Electronics Ltd. | 2,266,104 | 2,943,052 | |||||
Cipla Ltd. | 579,638 | 8,154,732 | |||||
Colgate-Palmolive India Ltd. | 75,886 | 1,521,996 | |||||
Container Corp. of India Ltd. | 169,999 | 1,620,945 | |||||
Dr. Reddy’s Laboratories Ltd. | 139,463 | 7,712,573 | |||||
GAIL India Ltd. | 2,853,685 | 3,345,299 | |||||
HCL Technologies Ltd. | 1,278,920 | 17,752,141 | |||||
Hero MotoCorp Ltd. | 68,142 | 2,396,961 | |||||
Hindalco Industries Ltd. | 1,671,952 | 9,379,773 | |||||
ITC Ltd. | 201,149 | 842,639 | |||||
Jindal Steel & Power Ltd. | 252,990 | 1,664,362 | |||||
Jubilant Foodworks Ltd. | 244,965 | 1,658,941 | |||||
Larsen & Toubro Infotech Ltd.(b) | 39,344 | 2,366,545 | |||||
Larsen & Toubro Infotech Ltd., NVS | 31,546 | 1,874,325 | |||||
Marico Ltd. | 320,302 | 1,999,371 | |||||
Mphasis Ltd. | 52,485 | 1,315,394 | |||||
MRF Ltd. | 1,183 | 1,364,765 | |||||
NTPC Ltd. | 3,856,945 | 8,172,235 | |||||
Oil & Natural Gas Corp. Ltd. | 2,396,778 | 4,199,539 | |||||
Page Industries Ltd. | 3,804 | 2,222,924 | |||||
Shriram Transport Finance Co. Ltd. | 117,409 | 1,954,271 | |||||
SRF Ltd. | 91,893 | 2,683,782 | |||||
Sun Pharmaceutical Industries Ltd. | 575,278 | 7,418,260 | |||||
Tata Elxsi Ltd. | 21,237 | 1,851,521 | |||||
Tata Steel Ltd. | 6,602,654 | 8,837,983 | |||||
Tech Mahindra Ltd. | 723,878 | 9,660,052 | |||||
Tube Investments of India Ltd. | 37,411 | 1,273,131 | |||||
Vedanta Ltd. | 921,895 | 3,485,180 | |||||
158,327,361 | |||||||
Indonesia — 2.3% | |||||||
Adaro Energy Indonesia Tbk PT | 17,848,700 | 4,417,043 | |||||
Astra International Tbk PT | 7,316,900 | 2,830,900 | |||||
Gudang Garam Tbk PT | 11,000 | 13,950 | |||||
Indah Kiat Pulp & Paper Tbk PT | 1,696,100 | 1,084,185 | |||||
Indofood Sukses Makmur Tbk PT | 2,722,000 | 1,117,733 | |||||
Kalbe Farma Tbk PT | 13,078,600 | 1,720,923 | |||||
Sumber Alfaria Trijaya Tbk PT | 10,298,400 | 2,030,489 | |||||
Unilever Indonesia Tbk PT | 9,461,500 | 2,891,890 | |||||
United Tractors Tbk PT | 1,040,700 | 2,046,996 | |||||
18,154,109 | |||||||
Kuwait — 0.8% | |||||||
Mabanee Co. KPSC | 384,934 | 1,108,865 |
2
Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Multifactor ETF |
November 30, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | |||||
Kuwait (continued) | |||||||
Mobile Telecommunications Co. KSCP | 2,588,177 | $ | 4,953,973 | ||||
6,062,838 | |||||||
Malaysia — 0.1% | |||||||
Sime Darby Bhd | 1,688,900 | 819,301 | |||||
Mexico — 0.9% | |||||||
Banco del Bajio SA(b) | 425,100 | 1,418,910 | |||||
Grupo Carso SAB de CV, Series A1 | 558,100 | 2,410,411 | |||||
Grupo Financiero Inbursa SAB de CV, Class O(a)(c) | 1,002,900 | 1,862,439 | |||||
Grupo Televisa SAB, CPO | 1,490,300 | 1,636,750 | |||||
7,328,510 | |||||||
Netherlands — 0.1% | |||||||
Pepco Group NV(b)(c) | 89,128 | 816,340 | |||||
Philippines — 0.1% | |||||||
Metropolitan Bank & Trust Co. | 1,059,610 | 1,079,725 | |||||
Poland — 0.5% | |||||||
Cyfrowy Polsat SA | 158,613 | 665,022 | |||||
KGHM Polska Miedz SA | 90,546 | 2,396,900 | |||||
PGE Polska Grupa Energetyczna SA(c) | 556,459 | 813,478 | |||||
3,875,400 | |||||||
Qatar — 0.3% | |||||||
Barwa Real Estate Co. | 1,126,854 | 1,016,709 | |||||
Qatar Electricity & Water Co. QSC | 272,809 | 1,254,900 | |||||
2,271,609 | |||||||
Russia — 0.0% | |||||||
Inter RAO UES PJSC(d) | 41,455,000 | 6,793 | |||||
PhosAgro PJSC(d) | 51,000 | 8 | |||||
PhosAgro PJSC, New(d) | 986 | 10 | |||||
TCS Group Holding PLC, GDR(c)(d)(e) | 135,475 | 22 | |||||
United Co. RUSAL International PJSC(c)(d) | 3,441,260 | 564 | |||||
7,397 | |||||||
Saudi Arabia — 8.4% | |||||||
Advanced Petrochemical Co. | 78,991 | 880,086 | |||||
Arab National Bank | 744,024 | 6,879,269 | |||||
Arabian Internet & Communications Services Co. | 14,136 | 927,296 | |||||
Bank AlBilad(c) | 607,620 | 8,419,799 | |||||
Banque Saudi Fransi | 732,399 | 8,396,289 | |||||
Bupa Arabia for Cooperative Insurance Co. | 37,201 | 1,763,162 | |||||
Dallah Healthcare Co. | 10,696 | 493,935 | |||||
Dr Sulaiman Al Habib Medical Services Group Co. | 108,503 | 6,723,870 | |||||
Elm Co. | 14,880 | 1,314,429 | |||||
Etihad Etisalat Co. | 233,934 | 2,271,355 | |||||
Jarir Marketing Co. | 36,457 | 1,609,316 | |||||
Mouwasat Medical Services Co. | 30,381 | 1,536,172 | |||||
Nahdi Medical Co. | 22,971 | 1,161,000 | |||||
Reinet Investments SCA | 85,041 | 1,501,282 | |||||
Riyad Bank | 1,674,054 | 15,505,128 | |||||
SABIC Agri-Nutrients Co. | 73,449 | 2,843,631 | |||||
Saudi Industrial Investment Group | 229,316 | 1,257,796 | |||||
Saudi Research & Media Group(c) | 22,321 | 1,142,392 | |||||
Saudi Tadawul Group Holding Co. | 29,761 | 1,373,979 | |||||
Yanbu National Petrochemical Co. | 156,943 | 1,764,607 | |||||
67,764,793 | |||||||
South Africa — 3.0% | |||||||
African Rainbow Minerals Ltd. | 69,649 | 1,169,088 | |||||
Anglo American Platinum Ltd. | 65,795 | 6,540,770 | |||||
Aspen Pharmacare Holdings Ltd. | 235,183 | 1,951,649 | |||||
Exxaro Resources Ltd. | 151,603 | 1,982,074 |
Security | Shares | Value | |||||
South Africa (continued) | |||||||
Foschini Group Ltd. (The) | 205,244 | $ | 1,270,175 | ||||
Kumba Iron Ore Ltd. | 79,880 | 2,256,705 | |||||
Mr. Price Group Ltd. | 159,247 | 1,556,446 | |||||
Nedbank Group Ltd. | 285,427 | 3,773,830 | |||||
Pepkor Holdings Ltd.(b) | 1,026,234 | 1,307,970 | |||||
Remgro Ltd. | 328,125 | 2,738,664 | |||||
24,547,371 | |||||||
South Korea — 12.0% | |||||||
AMOREPACIFIC Group | 6,296 | 153,041 | |||||
BGF retail Co. Ltd. | 4,822 | 756,752 | |||||
CJ CheilJedang Corp. | 5,134 | 1,537,650 | |||||
Coway Co. Ltd. | 34,318 | 1,510,911 | |||||
DB Insurance Co. Ltd. | 28,533 | 1,356,221 | |||||
Doosan Bobcat Inc. | 31,078 | 850,666 | |||||
E-MART Inc. | 12,963 | 916,952 | |||||
F&F Co. Ltd./New | 10,688 | 1,247,760 | |||||
GS Holdings Corp. | 28,805 | 1,070,653 | |||||
Hana Financial Group Inc. | 191,940 | 6,564,740 | |||||
Hankook Tire & Technology Co. Ltd. | 46,083 | 1,203,549 | |||||
Hyundai Engineering & Construction Co. Ltd. | 48,330 | 1,527,683 | |||||
Hyundai Glovis Co. Ltd. | 11,625 | 1,577,035 | |||||
Hyundai Mobis Co. Ltd. | 76,228 | 12,476,886 | |||||
Kia Corp. | 326,733 | 17,207,034 | |||||
Kumho Petrochemical Co. Ltd. | 11,270 | 1,296,371 | |||||
LG Innotek Co. Ltd. | 8,804 | 2,122,623 | |||||
LG Uplus Corp. | 132,647 | 1,226,223 | |||||
Meritz Fire & Marine Insurance Co. Ltd.(a) | 21,726 | 767,867 | |||||
Pan Ocean Co. Ltd. | 165,722 | 677,288 | |||||
POSCO Holdings Inc. | 81,274 | 18,603,628 | |||||
S-1 Corp. | 10,602 | 518,566 | |||||
Samsung Electro-Mechanics Co. Ltd. | 69,467 | 7,604,399 | |||||
Samsung Electronics Co. Ltd. | 287,500 | 13,814,074 | |||||
SD Biosensor Inc. | 22,411 | 566,994 | |||||
97,155,566 | |||||||
Taiwan — 9.3% | |||||||
AUO Corp. | 4,124,800 | 2,176,036 | |||||
Cheng Shin Rubber Industry Co. Ltd. | 1,105,000 | 1,259,125 | |||||
Compal Electronics Inc. | 2,596,000 | 1,828,097 | |||||
E Ink Holdings Inc. | 530,000 | 3,177,946 | |||||
eMemory Technology Inc. | 40,000 | 1,952,159 | |||||
Innolux Corp. | 4,620,930 | 1,882,490 | |||||
Lite-On Technology Corp. | 1,238,718 | 2,643,608 | |||||
momo.com Inc. | 40,800 | 804,918 | |||||
Nanya Technology Corp. | 768,000 | 1,433,181 | |||||
Nien Made Enterprise Co. Ltd. | 109,000 | 1,034,778 | |||||
Pegatron Corp. | 1,241,000 | 2,505,294 | |||||
Pou Chen Corp. | 1,370,000 | 1,442,949 | |||||
Synnex Technology International Corp. | 827,000 | 1,572,650 | |||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 2,066,000 | 33,179,648 | |||||
United Microelectronics Corp. | 9,969,000 | 15,016,643 | |||||
Voltronic Power Technology Corp. | 12,000 | 681,052 | |||||
Winbond Electronics Corp. | 1,851,000 | 1,292,157 | |||||
Zhen Ding Technology Holding Ltd. | 411,000 | 1,609,668 | |||||
75,492,399 | |||||||
Thailand — 1.1% | |||||||
Bumrungrad Hospital PCL, NVDR | 361,400 | 2,326,324 | |||||
JMT Network Services PCL, NVDR | 407,500 | 779,879 | |||||
Krung Thai Bank PCL, NVDR | 2,166,400 | 1,087,177 | |||||
SCB X PCL, NVS(a) | 1,044,800 | 3,136,990 |
3
Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Multifactor ETF |
November 30, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | |||||
Thailand (continued) | |||||||
Srisawad Corp. PCL, NVDR(a) | 459,000 | $ | 595,606 | ||||
Thai Union Group PCL, NVDR | 1,775,200 | 862,436 | |||||
8,788,412 | |||||||
Turkey — 1.9% | |||||||
Akbank TAS | 1,934,462 | 1,796,627 | |||||
Aselsan Elektronik Sanayi Ve Ticaret AS | 193,959 | 504,930 | |||||
BIM Birlesik Magazalar AS | 282,357 | 2,037,612 | |||||
Ford Otomotiv Sanayi AS | 63,741 | 1,521,766 | |||||
Haci Omer Sabanci Holding AS | 632,546 | 1,438,693 | |||||
Turk Hava Yollari AO(c) | 342,251 | 2,213,732 | |||||
Turkiye Is Bankasi AS, Class C | 4,340,127 | 2,442,547 | |||||
Turkiye Sise ve Cam Fabrikalari AS | 854,664 | 1,802,596 | |||||
Yapi ve Kredi Bankasi AS | 1,833,069 | 1,185,132 | |||||
14,943,635 | |||||||
United Arab Emirates — 0.7% | |||||||
Abu Dhabi Islamic Bank PJSC | 1,066,864 | 2,795,244 | |||||
Aldar Properties PJSC | 2,388,744 | 3,100,516 | |||||
5,895,760 | |||||||
Total Common Stocks — 99.0% | |||||||
(Cost: $788,406,147) | 800,358,852 | ||||||
Preferred Stocks | |||||||
Brazil — 0.7% | |||||||
Itausa SA, Preference Shares, NVS | 3,492,858 | 5,976,967 | |||||
Total Preferred Stocks — 0.7% | |||||||
(Cost: $5,933,082) | 5,976,967 | ||||||
Total Long-Term Investments — 99.7% | |||||||
(Cost: $794,339,229) | 806,335,819 |
Security | Shares | Value | |||||
Short-Term Securities | |||||||
Money Market Funds — 1.2% | |||||||
BlackRock Cash Funds: Institutional, SL Agency Shares,4.06%(f)(g)(h) | 8,372,440 | $ | 8,373,277 | ||||
BlackRock Cash Funds: Treasury, SL Agency Shares,3.64%(f)(g) | 1,250,000 | 1,250,000 | |||||
Total Short-Term Securities — 1.2% | |||||||
(Cost: $9,621,551) | 9,623,277 | ||||||
Total Investments — 100.9% | |||||||
(Cost: $803,960,780) | 815,959,096 | ||||||
Liabilities in Excess of Other Assets — (0.9)% | (7,168,825 | ) | |||||
Net Assets — 100.0% | $ | 808,790,271 |
(a) | All or a portion of this security is on loan. |
(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) | Non-income producing security. |
(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 the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value
at 08/31/22 |
Purchases at Cost |
Proceeds from Sale |
Net
Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value
at 11/30/22 |
Shares Held at 11/30/22 |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 9,030,754 | $ | — | $ | (656,369 | )(a) | $ | 1,003 | $ | (2,111 | ) | $ | 8,373,277 | 8,372,440 | $ | 9,881 | (b) | $ | — | ||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 700,000 | 550,000 | (a) | — | — | — | 1,250,000 | 1,250,000 | 6,354 | — | ||||||||||||||||||
$ | 1,003 | $ | (2,111 | ) | $ | 9,623,277 | $ | 16,235 | $ | — |
(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. |
4
Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Multifactor ETF |
November 30, 2022 |
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 | 40 | 12/16/22 | $ | 1,965 | $ | 84,695 |
Fair Value Hierarchy as of Period End
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 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 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.
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 | $ | 68,877,121 | $ | 731,474,334 | $ | 7,397 | $ | 800,358,852 | |||||
Preferred Stocks | 5,976,967 | — | — | 5,976,967 | |||||||||
Money Market Funds | 9,623,277 | — | — | 9,623,277 | |||||||||
$ | 84,477,365 | $ | 731,474,334 | $ | 7,397 | $ | 815,959,096 | ||||||
Derivative financial instruments(a) | |||||||||||||
Assets | |||||||||||||
Futures Contracts | $ | 84,695 | $ | — | $ | — | $ | 84,695 |
(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviation | |
ADR | American Depositary Receipt |
CPO | Certificates of Participation (Ordinary) |
GDR | Global Depositary Receipt |
NVDR | Non-Voting Depositary Receipt |
NVS | Non-Voting Shares |
PJSC | Public Joint Stock Company |
5