NPORT-EX 2 NPORT_2QN7_22346501_1122.htm

 

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  

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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.

 

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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