Schedule of Investments (unaudited)	iShares® MSCI Global Agriculture Producers ETF
November 30, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Australia — 0.9%
Australian Agricultural Co. Ltd.(a)		148,584	$	178,445
Costa Group Holdings Ltd.		283,765		512,379
Elders Ltd.		94,462		663,871
Inghams Group Ltd.		230,518		443,895
Nufarm Ltd./Australia		222,416		920,363
Select Harvests Ltd.		80,004		238,676
				2,957,629
Brazil — 1.7%
BrasilAgro - Co. Brasileira de Propriedades Agricolas		32,794		171,132
Jalles Machado SA		79,659		122,650
Sao Martinho SA		97,177		536,694
SLC Agricola SA		70,591		610,505
Tres Tentos Agroindustrial SA		86,249		184,320
Yara International ASA		95,470		4,409,038
				6,034,339
Canada — 7.4%
Ag Growth International Inc.		11,786		382,367
Nutrien Ltd.		309,006		24,834,880
Rogers Sugar Inc.		61,259		277,343
				25,494,590
China — 2.6%
Asia - Potash International Investment Guangzhou Co. Ltd.(a)		38,900		156,993
Beijing Dabeinong Technology Group Co. Ltd., Class A(a)		163,800		217,120
China BlueChemical Ltd., Class H		978,000		227,391
China Modern Dairy Holdings Ltd.(b)		2,041,000		255,413
China XLX Fertiliser Ltd.		371,000		197,166
China Youran Dairy Group Ltd.(a)(b)(c)		550,000		143,348
COFCO Joycome Foods Ltd.		1,444,000		424,399
First Tractor Co. Ltd., Class H		284,000		133,270
Fujian Sunner Development Co. Ltd., Class A		50,500		180,814
Heilongjiang Agriculture Co. Ltd., Class A		74,700		155,722
Henan Shuanghui Investment & Development Co. Ltd., Class A		126,800		457,143
Inner Mongolia Yili Industrial Group Co. Ltd., Class A		226,800		930,966
Jiangsu Yangnong Chemical Co. Ltd., Class A		12,500		188,629
Muyuan Foods Co. Ltd., Class A		187,066		1,280,712
New Hope Liuhe Co. Ltd., Class A(a)		169,600		328,974
Qinghai Salt Lake Industry Co. Ltd., Class A(a)		194,700		706,322
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A		79,180		375,971
Shandong Weifang Rainbow Chemical Co. Ltd.		11,800		158,618
Sinofert Holdings Ltd.		1,442,000		174,990
Tongwei Co. Ltd., Class A		159,200		985,820
Wens Foodstuffs Group Co. Ltd., Class A		236,320		604,777
Yuan Longping High-Tech Agriculture Co. Ltd., Class A(a)		58,100		130,970
Yunnan Yuntianhua Co. Ltd.(a)		72,600		220,081
Zangge Mining Co. Ltd.		59,200		261,548
				8,897,157
Egypt — 0.1%
Abou Kir Fertilizers & Chemical Industries		205,197		282,595
Misr Fertilizers Production Co. SAE		31,960		173,696
				456,291
France — 0.1%
Vilmorin & Cie SA		4,554		233,780
Germany — 1.0%
K+S AG, Registered		111,902		2,469,967
KWS Saat SE & Co. KGaA		6,940		478,765

Security	Shares		Value
Germany (continued)
Suedzucker AG		42,318	$	623,164
				3,571,896
Hong Kong — 0.8%
WH Group Ltd.(c)		4,897,000		2,869,232
India — 3.8%
Astec Lifesciences Ltd.		4,513		113,368
Balrampur Chini Mills Ltd.		76,597		363,401
Bayer CropScience Ltd.		8,258		471,005
Chambal Fertilisers and Chemicals Ltd.		103,356		389,504
Coromandel International Ltd.		69,956		802,208
Deepak Fertilisers & Petrochemicals Corp. Ltd.		34,042		339,354
EID Parry India Ltd.		49,680		368,865
Gujarat Ambuja Exports Ltd.		49,997		141,755
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.		48,517		358,871
Gujarat State Fertilizers & Chemicals Ltd.		132,517		217,037
Kaveri Seed Co. Ltd.		16,312		102,394
Paradeep Phosphates Ltd., NVS		207,255		144,429
PI Industries Ltd.		44,147		1,905,386
Rallis India Ltd.		54,750		164,222
Rashtriya Chemicals & Fertilizers Ltd.		99,384		147,202
Sharda Cropchem Ltd.		21,447		109,029
Shree Renuka Sugars Ltd.(a)		407,595		294,863
Sumitomo Chemical India Ltd.		62,201		363,084
Tata Consumer Products Ltd.		319,732		3,220,749
Triveni Engineering & Industries Ltd.		50,098		182,483
UPL Ltd.		282,515		2,752,545
				12,951,754
Indonesia — 0.7%
Astra Agro Lestari Tbk PT		333,200		176,517
Charoen Pokphand Indonesia Tbk PT		4,308,000		1,563,645
Inti Agri Resources Tbk PT(a)(d)		2,230,700		—
Japfa Comfeed Indonesia Tbk PT		3,376,500		286,293
Perusahaan Perkebunan London Sumatra Indonesia
Tbk PT		2,202,600		152,235
Sawit Sumbermas Sarana Tbk PT		2,239,400		215,994
				2,394,684
Ireland — 0.1%
Origin Enterprises PLC		79,985		325,023
Israel — 1.3%
ICL Group Ltd.		409,982		3,439,567
Israel Corp Ltd.		2,300		948,207
				4,387,774
Japan — 3.5%
Hokuto Corp.		14,200		195,084
Kubota Corp.		586,700		8,723,451
Kumiai Chemical Industry Co. Ltd.		47,500		321,422
Maruha Nichiro Corp.		26,200		468,914
Mitsui DM Sugar Holdings Co. Ltd.		12,000		170,705
NH Foods Ltd.		48,600		1,308,510
Prima Meat Packers Ltd.		15,500		230,450
Sakata Seed Corp.		17,400		595,548
YAMABIKO Corp.		23,500		194,990
				12,209,074
Malaysia — 1.5%
Farm Fresh Bhd		513,300		182,353
Genting Plantations Bhd		176,500		246,445
IOI Corp. Bhd		1,439,800		1,241,041
Kuala Lumpur Kepong Bhd		247,600		1,165,493

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Global Agriculture Producers ETF
November 30, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
Malaysia (continued)
QL Resources Bhd		652,507	$	817,193
Sime Darby Plantation Bhd		1,220,000		1,170,222
TSH Resources Bhd		440,500		119,208
United Plantations Bhd		69,000		225,578
				5,167,533
Netherlands — 0.7%
OCI NV		61,476		2,602,525
Norway — 2.4%
Austevoll Seafood ASA		55,973		457,815
Bakkafrost P/F		29,279		1,610,369
Grieg Seafood ASA		30,461		216,267
Leroy Seafood Group ASA		159,870		780,225
Mowi ASA		238,870		3,743,308
Salmar ASA		38,233		1,347,686
				8,155,670
Poland — 0.1%
Grupa Azoty SA(a)		32,249		262,191
Qatar — 0.1%
Baladna		501,357		230,620
Russia — 0.0%
PhosAgro PJSC(d)		7,038		1
PhosAgro PJSC, GDR(d)		2		—
PhosAgro PJSC, New(d)		136		1
Ros Agro PLC, GDR(a)(d)		5,334		1
				3
Saudi Arabia — 2.2%
Al Jouf Agricultural Development Co.		10,904		142,605
Almarai Co. JSC		145,241		2,068,979
National Agriculture Development Co. (The)(a)		33,411		210,264
SABIC Agri-Nutrients Co.		123,512		4,781,856
Saudi Fisheries Co.(a)		15,338		118,699
Tanmiah Food Co.		4,462		136,261
				7,458,664
Singapore — 1.4%
Bumitama Agri Ltd.		269,600		121,755
First Resources Ltd.		343,200		410,122
Golden Agri-Resources Ltd.		3,824,400		816,419
Japfa Ltd.		319,040		120,345
Wilmar International Ltd.		1,110,600		3,369,038
				4,837,679
South Africa — 0.1%
Astral Foods Ltd.		25,462		246,560
Oceana Group Ltd.		58,122		201,849
				448,409
South Korea — 0.2%
Dongwon Industries Co. Ltd.		4,058		145,461
Harim Holdings Co. Ltd.		31,187		183,415
Hyundai Feed Inc.		9,307		107,232
Namhae Chemical Corp.		17,588		122,981
				559,089
Sweden — 0.5%
Husqvarna AB, Class B		244,250		1,917,522
Taiwan — 0.5%
Charoen Pokphand Enterprise		104,800		268,534
Sesoda Corp.		99,000		140,795
Sinon Corp.		212,000		261,694

Security	Shares		Value
Taiwan (continued)
Taiwan Fertilizer Co. Ltd.		426,000	$	781,220
Taiwan TEA Corp.(a)		306,000		225,070
				1,677,313
Thailand — 0.5%
Charoen Pokphand Foods PCL, NVDR		2,219,200		1,505,701
GFPT PCL, NVDR		251,300		97,342
Khon Kaen Sugar Industry PCL, NVDR		1,136,554		122,188
Thaifoods Group PCL, NVDR(b)		647,600		100,296
				1,825,527
Turkey — 0.4%
Hektas Ticaret TAS(a)(b)		651,998		1,249,884
Turk Traktor ve Ziraat Makineleri AS(b)		7,641		211,102
				1,460,986
United Kingdom — 3.1%
CNH Industrial NV		587,933		9,475,631
Cranswick PLC		32,360		1,205,817
				10,681,448
United States — 59.4%
AGCO Corp.(b)		34,769		4,614,542
American Vanguard Corp.		7,626		175,398
Archer-Daniels-Midland Co.		319,544		31,155,540
Benson Hill Inc.(a)		6,221		19,347
Bunge Ltd.		85,143		8,926,392
Cal-Maine Foods Inc.		17,940		1,045,543
CF Industries Holdings Inc.		112,383		12,158,717
Corteva Inc.		408,696		27,448,023
Darling Ingredients Inc.(a)		89,283		6,413,198
Deere & Co.		166,065		73,234,665
FMC Corp.		70,680		9,233,635
Fresh Del Monte Produce Inc.		15,059		416,833
Ingredion Inc.		35,445		3,472,547
Intrepid Potash Inc.(a)(b)		1,118		40,304
Lamb Weston Holdings Inc.		80,188		6,968,337
Lindsay Corp.(b)		5,137		906,629
Mosaic Co. (The)		194,098		9,957,227
Pilgrim's Pride Corp.(a)		20,172		527,700
Scotts Miracle-Gro Co. (The)		20,106		1,124,529
Titan International Inc.(a)(b)		16,243		232,762
Toro Co. (The)(b)		58,199		6,459,507
				204,531,375
Total Common Stocks — 97.1%
(Cost: $330,092,478)				334,599,777
Preferred Stocks
Chile — 2.4%
Sociedad Quimica y Minera de Chile SA, Class B, Preference Shares		82,220		8,199,400
Total Preferred Stocks — 2.4%
(Cost: $6,049,772)				8,199,400
Total Long-Term Investments — 99.5%
(Cost: $336,142,250)				342,799,177

2

Schedule of Investments (unaudited) (continued)	iShares® MSCI Global Agriculture Producers ETF
November 30, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
Short-Term Securities
Money Market Funds — 0.2%
BlackRock Cash Funds: Institutional, SL Agency Shares, 4.06%(e)(f)(g)		577,699	$	577,757
Total Short-Term Securities — 0.2%
(Cost: $577,599)				577,757
Total Investments — 99.7%
(Cost: $336,719,849)				343,376,934
Other Assets Less Liabilities — 0.3%				985,607
Net Assets — 100.0%			$	344,362,541

^(a) Non-income producing security.

^(b) All or a portion of this security is on loan.

^(c) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(d) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(e) 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.

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	$	807,964	$	—		$	(229,545	)(a)	$	(495	)	$	(167	)	$	577,757		577,699	$	11,251	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares(c)		—		0	(a)		—			—			—			—		—		1,790			—
									$	(495	)	$	(167	)	$	577,757			$	13,041		$	—

^(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
Euro STOXX 50 Index		28	12/16/22	$	1,171	$	27,707

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

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Global Agriculture Producers ETF
November 30, 2022

Fair Value Hierarchy as of Period End (continued)

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	$	234,710,637	$	99,889,137	$	3	$	334,599,777
Preferred Stocks		—		8,199,400		—		8,199,400
Money Market Funds		577,757		—		—		577,757
	$	235,288,394	$	108,088,537	$	3	$	343,376,934
Derivative financial instruments(a)
Assets
Futures Contracts	$	—	$	27,707	$	—	$	27,707

^(a) Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

Portfolio Abbreviation
GDR	Global Depositary Receipt
JSC	Joint Stock Company
NVDR	Non-Voting Depositary Receipt
NVS	Non-Voting Shares
PJSC	Public Joint Stock Company

4