Schedule of Investments (unaudited)	iShares^® MSCI Global Min Vol Factor ETF
November 30, 2023	(Percentages shown are based on Net Assets)

Security	Shares		Value

Common Stocks

Brazil — 0.1%
Telefonica Brasil SA		543,871	$	5,829,814

Canada — 1.2%
CGI Inc.^(a)		202,668		20,606,584
Franco-Nevada Corp.		50,214		5,624,027
Loblaw Companies Ltd.		79,433		6,848,934
Thomson Reuters Corp.		22,745		3,177,713
Waste Connections Inc.		102,115		13,835,561
				50,092,819
China — 7.5%
3SBio Inc.^(b)		2,186,000		2,031,718
Agricultural Bank of China Ltd., Class A		6,420,799		3,288,330
Agricultural Bank of China Ltd., Class H		37,064,000		13,681,552
Anhui Gujing Distillery Co. Ltd., Class B		141,100		2,141,191
Bank of China Ltd., Class H		104,664,000		38,347,746
Bank of Communications Co. Ltd., Class A		2,950,900		2,410,263
Bank of Communications Co. Ltd., Class H		11,820,000		6,967,035
Beijing Enterprises Holdings Ltd.		697,000		2,310,814
Beijing-Shanghai High Speed Railway Co. Ltd., Class A		3,647,600		2,576,837
Brilliance China Automotive Holdings Ltd.		714,000		382,991
BYD Co. Ltd., Class A		144,700		4,027,574
BYD Electronic International Co. Ltd.		754,000		3,441,181
CGN Power Co. Ltd., Class H^(b)		14,440,000		3,477,897
China CITIC Bank Corp. Ltd., Class H		11,858,000		5,356,586
China Coal Energy Co. Ltd., Class H		2,869,000		2,429,307
China Conch Venture Holdings Ltd.		1,343,000		1,006,262
China Construction Bank Corp., Class H		49,849,000		28,822,362
China Galaxy Securities Co. Ltd., Class H		4,940,000		2,642,978
China Merchants Port Holdings Co. Ltd.		1,938,000		2,480,718
China Minsheng Banking Corp. Ltd., Class H		8,779,000		2,934,060
China Shenhua Energy Co. Ltd., Class A		559,100		2,461,963
China Shenhua Energy Co. Ltd., Class H		3,515,000		11,479,723
China State Construction Engineering Corp. Ltd., Class A		3,351,700		2,328,362
China Tower Corp. Ltd., Class H^(b)		58,504,000		6,064,889
China Yangtze Power Co. Ltd., Class A		1,937,000		6,186,899
Chow Tai Fook Jewellery Group Ltd.		2,660,400		3,862,379
CITIC Securities Co. Ltd., Class A		855,508		2,565,814
COSCO Shipping Holdings Co. Ltd., Class H		3,983,500		3,670,028
East Money Information Co. Ltd., Class A		1,193,912		2,444,119
Fuyao Glass Industry Group Co. Ltd., Class H^(b)		402,400		1,888,029
GCL-Poly Energy Holdings Ltd.		13,696,000		1,821,933
Guangdong Investment Ltd.		2,743,147		1,903,821
Haitian International Holdings Ltd.		757,000		1,928,527
Industrial & Commercial Bank of China Ltd., Class A		5,028,851		3,384,736
Industrial & Commercial Bank of China Ltd., Class H		46,615,000		22,180,691
Industrial Bank Co. Ltd., Class A		1,615,300		3,299,109
Jiangsu Hengrui Medicine Co. Ltd., Class A		312,800		2,101,923
Kingboard Holdings Ltd.		893,000		2,149,845
Kunlun Energy Co. Ltd.		5,198,000		4,803,195
Kweichow Moutai Co. Ltd., Class A		18,700		4,687,986
Lenovo Group Ltd.		3,746,000		4,623,003
Luxshare Precision Industry Co. Ltd., Class A		571,100		2,542,402
Luzhou Laojiao Co. Ltd., Class A		71,500		2,076,118
Muyuan Foods Co. Ltd., Class A		441,920		2,417,777
Nongfu Spring Co. Ltd., Class H^(b)		1,315,000		7,500,469
People’s Insurance Co. Group of China Ltd. (The), Class H		11,843,000		3,836,301

Security	Shares		Value

China (continued)
PetroChina Co. Ltd., Class H		23,440,000	$	15,338,525
PICC Property & Casualty Co. Ltd., Class H		9,134,000		10,610,461
Ping An Bank Co. Ltd., Class A		1,505,300		2,039,069
Postal Savings Bank of China Co. Ltd., Class H^(b)		10,482,000		4,650,021
SF Holding Co. Ltd., Class A		391,900		2,314,904
Shanghai Pudong Development Bank Co. Ltd., Class A		2,300,800		2,204,528
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A		96,700		3,930,457
Sinopharm Group Co. Ltd., Class H		1,794,400		4,446,980
Tingyi Cayman Islands Holding Corp.		1,934,000		2,434,039
Topsports International Holdings Ltd.^(b)		2,445,000		1,987,118
Wanhua Chemical Group Co. Ltd., Class A		250,800		2,827,441
Want Want China Holdings Ltd.		5,895,000		3,448,869
Xiaomi Corp., Class B^(a)(b)		4,168,400		8,320,275
ZhongAn Online P&C Insurance Co. Ltd., Class H^(a)(b)		708,700		1,787,333
ZTE Corp., Class H		1,013,400		2,209,155
ZTO Express Cayman Inc., ADR		108,617		2,424,331
				315,940,949
Finland — 0.2%
Elisa OYJ		187,168		8,369,330

France — 0.8%
Bollore SE		1,065,502		6,095,643
Orange SA		2,429,895		29,938,516
				36,034,159
Germany — 1.0%
Deutsche Telekom AG, Registered		1,521,952		36,478,542
SAP SE		25,046		3,966,161
				40,444,703
Greece — 0.1%
Hellenic Telecommunications Organization SA		194,548		2,856,028

Hong Kong — 1.6%
BOC Hong Kong Holdings Ltd.		1,534,500		4,102,822
CLP Holdings Ltd.		1,381,254		10,736,394
Galaxy Entertainment Group Ltd.		1,336,000		6,911,249
Hang Seng Bank Ltd.		1,016,700		11,238,389
HKT Trust & HKT Ltd., Class SS		5,076,000		5,414,744
Hong Kong & China Gas Co. Ltd.		11,527,579		7,914,519
Jardine Matheson Holdings Ltd.		191,900		7,432,198
MTR Corp. Ltd.		2,104,500		7,543,566
Power Assets Holdings Ltd.		1,194,500		6,231,382
				67,525,263
India — 5.1%
Asian Paints Ltd.		393,344		14,715,968
Bajaj Auto Ltd.		62,130		4,546,120
Bajaj Holdings & Investment Ltd.		28,613		2,525,052
Berger Paints India Ltd.		410,728		2,829,015
Bharat Petroleum Corp. Ltd.		597,310		3,126,305
Bharti Airtel Ltd.		1,362,264		16,601,643
Cipla Ltd.		189,412		2,754,603
Divi’s Laboratories Ltd.		117,322		5,332,130
Dr. Reddy’s Laboratories Ltd.		55,950		3,887,379
Eicher Motors Ltd.		164,457		7,694,712
Havells India Ltd.		140,686		2,199,892
HCL Technologies Ltd.		1,059,412		17,070,924
Hero MotoCorp Ltd.		70,985		3,254,814
Hindustan Petroleum Corp. Ltd.^(a)		604,335		2,521,932
Hindustan Unilever Ltd.		78,435		2,395,003
Indian Hotels Co. Ltd. (The), Class A		904,843		4,580,071

Schedule of Investments (unaudited) (continued)	iShares^® MSCI Global Min Vol Factor ETF
November 30, 2023	(Percentages shown are based on Net Assets)

Security	Shares		Value

India (continued)
Indian Oil Corp. Ltd.		3,808,721	$	5,113,318
Infosys Ltd.		470,993		8,232,514
Larsen & Toubro Infotech Ltd.^(b)		45,668		3,037,905
Larsen & Toubro Ltd.		183,423		6,847,292
Maruti Suzuki India Ltd.		35,526		4,523,154
MRF Ltd.		2,267		3,038,024
Nestle India Ltd.		28,897		8,396,943
Petronet LNG Ltd.		1,073,574		2,615,407
PI Industries Ltd.		107,745		4,872,015
Pidilite Industries Ltd.		211,080		6,459,219
Shree Cement Ltd.		9,817		3,150,940
Sun Pharmaceutical Industries Ltd.		375,835		5,533,127
Tata Consultancy Services Ltd.		704,643		29,525,253
Tata Elxsi Ltd.		19,601		1,939,751
Tech Mahindra Ltd.		337,390		4,946,116
Torrent Pharmaceuticals Ltd.		137,800		3,507,988
UltraTech Cement Ltd.		68,940		7,451,308
Wipro Ltd.		740,454		3,666,966
Wipro Ltd., ADR		683,866		3,316,750
Yes Bank Ltd.^(a)		13,408,384		3,113,433
				215,322,986
Indonesia — 0.6%
Bank Central Asia Tbk PT		30,344,900		17,563,123
Telkom Indonesia Persero Tbk PT		33,936,400		8,251,835
				25,814,958
Israel — 0.5%
Bank Hapoalim BM		389,730		3,292,580
Check Point Software Technologies Ltd.^(a)(c)		118,283		17,269,318
Isracard Ltd.		—		1
				20,561,899
Italy — 0.1%
Infrastrutture Wireless Italiane SpA^(b)		446,652		5,523,205

Japan — 10.4%
Brother Industries Ltd.		258,000		4,355,988
Canon Inc.		905,000		23,316,919
Central Japan Railway Co.		950,500		22,802,643
Chiba Bank Ltd. (The)		395,200		2,965,574
Chubu Electric Power Co. Inc.		607,600		7,506,552
East Japan Railway Co.		345,100		18,639,888
ENEOS Holdings Inc.		1,295,000		5,097,075
FUJIFILM Holdings Corp.		159,700		9,352,101
Hamamatsu Photonics KK		188,600		7,457,283
Hankyu Hanshin Holdings Inc.		77,500		2,342,966
Hirose Electric Co. Ltd.		41,800		4,682,036
Japan Post Bank Co. Ltd.		599,300		5,910,704
KDDI Corp.		984,800		30,763,241
Keisei Electric Railway Co. Ltd.		57,200		2,304,079
Kintetsu Group Holdings Co. Ltd.		240,200		6,725,932
Kirin Holdings Co. Ltd.		147,400		2,083,725
Kyocera Corp.		179,000		9,912,071
McDonald’s Holdings Co. Japan Ltd.^(c)		117,500		5,001,818
MEIJI Holdings Co. Ltd.		138,500		3,208,279
Mizuho Financial Group Inc.		443,100		7,519,262
NEC Corp.		201,000		11,202,912
Nintendo Co. Ltd.		333,600		15,549,900
Nippon Telegraph & Telephone Corp.		32,437,000		37,959,243
Nissin Foods Holdings Co. Ltd.		31,300		3,109,268
Nitori Holdings Co. Ltd.		21,000		2,406,518
Nomura Research Institute Ltd.		123,690		3,463,533
NTT Data Corp.		426,700		5,184,541

Security	Shares		Value

Japan (continued)
Obic Co. Ltd.		82,200	$	12,576,152
Odakyu Electric Railway Co. Ltd.		163,600		2,298,794
Ono Pharmaceutical Co. Ltd.		434,700		8,008,918
Oracle Corp. Japan		52,100		4,012,177
Oriental Land Co. Ltd.		188,300		6,396,397
Osaka Gas Co. Ltd.		497,800		9,701,291
Otsuka Corp.		103,100		4,200,478
Otsuka Holdings Co. Ltd.		374,300		14,438,779
Pan Pacific International Holdings Corp.		341,900		7,407,069
SCSK Corp.		198,100		3,642,734
Secom Co. Ltd.		258,100		17,940,584
Seiko Epson Corp.		130,300		1,931,738
SG Holdings Co. Ltd.		137,600		1,984,967
Shizuoka Financial Group Inc., NVS		629,700		5,100,778
SoftBank Corp.		3,581,700		43,528,098
Suntory Beverage & Food Ltd.		185,400		5,837,408
TIS Inc.		294,000		6,203,423
Tobu Railway Co. Ltd.		254,300		6,284,230
Toho Co. Ltd.		137,900		4,779,003
Tokyu Corp.		163,700		1,920,028
Toshiba Corp.^(a)		108,200		3,357,075
USS Co. Ltd.		267,100		5,222,924
West Japan Railway Co.		96,600		3,817,874
				441,414,970
Kazakhstan — 0.0%
Polymetal International PLC^(a)(d)		250,942		28

Kuwait — 0.3%
Mobile Telecommunications Co. KSCP		2,780,925		4,403,871
National Bank of Kuwait SAKP		2,226,137		6,379,412
				10,783,283
Malaysia — 0.4%
DiGi.Com Bhd		3,223,700		3,002,652
Hong Leong Bank Bhd		852,700		3,476,748
IHH Healthcare Bhd		2,473,100		3,099,060
Malayan Banking Bhd		2,391,200		4,609,420
Petronas Gas Bhd		1,050,500		3,801,144
				17,989,024
Netherlands — 0.7%
Koninklijke Ahold Delhaize NV		458,543		13,279,185
Koninklijke KPN NV		4,349,146		14,897,272
				28,176,457
New Zealand — 0.1%
Spark New Zealand Ltd.		1,524,938		4,864,198

Peru — 0.1%
Cia. de Minas Buenaventura SAA, ADR		277,271		2,645,165

Philippines — 0.2%
BDO Unibank Inc.		2,582,768		6,217,831
Jollibee Foods Corp.		589,200		2,406,419
				8,624,250
Qatar — 0.2%
Industries Qatar QSC		709,361		2,433,891
Qatar National Bank QPSC		1,642,367		7,074,862
				9,508,753
Russia — 0.0%
PhosAgro PJSC^(a)(d)		41,863		5
PhosAgro PJSC, GDR^(a)(d)(e)		2		—
PhosAgro PJSC, New^(d)		809		8

Schedule of Investments (unaudited) (continued)	iShares^® MSCI Global Min Vol Factor ETF
November 30, 2023	(Percentages shown are based on Net Assets)

Security	Shares		Value

Russia (continued)
Polyus PJSC^(a)(d)		53,523	$	6
				19
Saudi Arabia — 1.3%
Arabian Internet & Communications Services Co.		27,619		2,293,271
Bupa Arabia for Cooperative Insurance Co.		44,062		2,338,197
Jarir Marketing Co.		587,424		2,282,845
SABIC Agri-Nutrients Co.		229,348		8,417,393
Saudi Arabian Oil Co.^(b)		1,830,327		16,181,963
Saudi Basic Industries Corp.		206,413		4,363,474
Saudi Telecom Co.		1,798,045		18,453,812
				54,330,955
Singapore — 1.0%
DBS Group Holdings Ltd.		160,000		3,800,748
Genting Singapore Ltd.		6,224,900		4,257,590
Singapore Exchange Ltd.		1,171,700		8,270,278
Singapore Technologies Engineering Ltd.		1,573,400		4,364,152
Singapore Telecommunications Ltd.		10,483,500		18,063,595
UOL Group Ltd.		598,200		2,637,534
				41,393,897
Switzerland — 2.9%
Banque Cantonale Vaudoise, Registered		37,803		4,606,121
BKW AG		28,596		5,041,854
Kuehne + Nagel International AG, Registered		7,676		2,221,983
Nestle SA, Registered		168,292		19,149,710
Novartis AG, Registered		405,662		39,595,959
Roche Holding AG, NVS		80,007		21,523,562
Swiss Prime Site AG, Registered		98,908		9,945,659
Swisscom AG, Registered		34,265		20,010,231
				122,095,079
Taiwan — 5.0%
Accton Technology Corp.		115,000		1,962,068
Acer Inc.		3,700,000		4,173,792
Advantech Co. Ltd.		600,959		6,789,249
Asia Cement Corp.		2,999,000		4,000,689
Asustek Computer Inc.		932,000		11,751,217
Catcher Technology Co. Ltd.		807,000		5,020,778
Chang Hwa Commercial Bank Ltd.		6,762,250		3,851,612
Cheng Shin Rubber Industry Co. Ltd.		2,413,000		3,634,379
China Steel Corp.		6,865,000		5,749,571
Chunghwa Telecom Co. Ltd.		5,072,000		19,390,846
Compal Electronics Inc.		5,612,000		5,551,444
E.Sun Financial Holding Co. Ltd.		14,017,621		11,479,697
Far EasTone Telecommunications Co. Ltd.		2,175,000		5,769,326
First Financial Holding Co. Ltd.		14,420,798		12,778,171
Formosa Chemicals & Fibre Corp.		4,747,000		9,735,867
Formosa Petrochemical Corp.		1,612,000		4,377,359
Formosa Plastics Corp.		1,469,000		3,799,462
Hon Hai Precision Industry Co. Ltd.		1,634,000		5,308,931
Hua Nan Financial Holdings Co. Ltd.		11,718,905		8,341,924
Innolux Corp.		4,706,000		1,898,067
Lite-On Technology Corp.		642,000		2,256,790
Mega Financial Holding Co. Ltd.		5,797,122		7,327,078
Nan Ya Plastics Corp.		933,000		2,031,735
Pegatron Corp.		2,716,000		7,054,296
Powerchip Semiconductor Manufacturing Corp.		3,789,000		3,648,101
President Chain Store Corp.		557,000		4,801,237
Quanta Computer Inc.		323,000		2,090,828
Synnex Technology International Corp.		1,712,250		3,767,544
Taishin Financial Holding Co. Ltd.		9,266,593		5,427,238
Taiwan Business Bank		7,616,000		3,291,165
Taiwan Cooperative Financial Holding Co. Ltd.		13,639,766		11,748,673

Security	Shares		Value

Taiwan (continued)
Taiwan High Speed Rail Corp.		2,634,000	$	2,536,318
Taiwan Mobile Co. Ltd.		2,365,000		7,439,217
Taiwan Semiconductor Manufacturing Co. Ltd.		485,000		8,871,678
WPG Holdings Ltd.		2,133,760		5,298,235
				212,954,582
Thailand — 0.5%
Advanced Info Service PCL, NVDR		1,590,900		9,868,135
Airports of Thailand PCL, NVDR^(a)		5,662,800		9,577,610
Bumrungrad Hospital PCL, NVDR		469,400		2,975,304
				22,421,049
Turkey — 0.2%
Aselsan Elektronik Sanayi Ve Ticaret AS		1,336,133		2,259,954
Turkcell Iletisim Hizmetleri AS^(a)		1,029,815		2,063,179
Turkiye Petrol Rafinerileri AS		405,371		2,146,517
Turkiye Sise ve Cam Fabrikalari AS		1,528,042		2,606,777
				9,076,427
United Arab Emirates — 0.4%
Abu Dhabi National Oil Co. for Distribution PJSC		4,457,421		4,612,109
Emirates Telecommunications Group Co. PJSC		1,847,988		9,721,618
Multiply Group^(a)		3,324,367		3,178,234
				17,511,961
United States — 57.1%
Abbott Laboratories		42,902		4,474,250
AbbVie Inc.		139,196		19,820,118
Accenture PLC, Class A		34,762		11,580,613
Akamai Technologies Inc.^(a)		146,056		16,873,850
Albertsons Companies Inc., Class A		119,377		2,598,837
Ameren Corp.		58,204		4,516,048
American Electric Power Co. Inc.		164,298		13,069,906
AmerisourceBergen Corp.		180,312		36,670,051
Amgen Inc.		78,401		21,140,046
Amphenol Corp., Class A		180,450		16,419,145
Aon PLC, Class A		45,323		14,888,152
Arch Capital Group Ltd.^(a)		60,604		5,071,949
Arthur J Gallagher & Co.		54,331		13,528,419
Aspen Technology Inc.^(a)		20,915		3,937,458
Assurant Inc.		25,791		4,333,404
AT&T Inc.		557,276		9,234,063
AutoZone Inc.^(a)(c)		11,746		30,656,238
Becton Dickinson and Co.		53,535		12,643,896
Berkshire Hathaway Inc., Class B^(a)		93,918		33,810,480
BioMarin Pharmaceutical Inc.^(a)		137,747		12,545,997
Booz Allen Hamilton Holding Corp., Class A		116,782		14,612,932
Bristol-Myers Squibb Co.		487,758		24,085,490
Brown & Brown Inc.		130,302		9,738,771
Campbell Soup Co.		256,054		10,288,250
Cboe Global Markets Inc.		139,227		25,365,767
CF Industries Holdings Inc.		141,898		10,663,635
CH Robinson Worldwide Inc.		153,298		12,578,101
Cheniere Energy Inc.		35,268		6,424,066
Chubb Ltd.		68,668		15,754,499
Church & Dwight Co. Inc.		205,227		19,831,085
Cigna Group (The)		20,283		5,331,995
Cisco Systems Inc.		1,306,594		63,213,018
Clorox Co. (The)		20,949		3,003,039
CME Group Inc.		49,863		10,888,085
CMS Energy Corp.		115,390		6,549,536
Coca-Cola Co. (The)		36,826		2,152,111
Cognizant Technology Solutions Corp., Class A		123,223		8,672,435
Colgate-Palmolive Co.		182,202		14,352,051
Conagra Brands Inc.		77,571		2,194,484

Schedule of Investments (unaudited) (continued)	iShares^® MSCI Global Min Vol Factor ETF
November 30, 2023	(Percentages shown are based on Net Assets)

Security	Shares		Value

United States (continued)
Consolidated Edison Inc.		456,037	$	41,093,494
Corteva Inc.		99,508		4,497,762
Domino’s Pizza Inc.		32,018		12,579,552
Duke Energy Corp.		349,414		32,243,924
Electronic Arts Inc.		184,276		25,431,931
Elevance Health Inc.		8,514		4,082,378
Eli Lilly & Co.		32,075		18,957,608
Erie Indemnity Co., Class A, NVS		33,466		9,893,888
Everest Re Group Ltd.		12,747		5,233,281
Evergy Inc.		48,897		2,495,703
Expeditors International of Washington Inc.		195,453		23,520,814
F5 Inc.^(a)		77,948		13,343,918
Fair Isaac Corp.^(a)		2,564		2,788,606
Fiserv Inc.^(a)		109,881		14,351,557
Gen Digital Inc.		577,923		12,760,540
General Mills Inc.		455,979		29,027,623
Genuine Parts Co.		17,302		2,297,360
Gilead Sciences Inc.		464,026		35,544,392
GoDaddy Inc., Class A^(a)		42,848		4,287,371
Henry Schein Inc.^(a)(c)		39,715		2,650,182
Hershey Co. (The)		174,313		32,756,899
Hologic Inc.^(a)		28,305		2,018,146
Home Depot Inc. (The)		55,254		17,321,576
Hormel Foods Corp.		398,034		12,175,860
Humana Inc.		53,323		25,854,190
Incyte Corp.^(a)		251,987		13,692,974
International Business Machines Corp.		168,107		26,655,046
Jack Henry & Associates Inc.		55,278		8,772,066
JM Smucker Co. (The)		140,223		15,386,670
Johnson & Johnson		330,441		51,106,005
Juniper Networks Inc.		421,521		11,992,272
Kellogg Co.		362,242		19,032,195
Keurig Dr Pepper Inc.		513,059		16,197,273
Keysight Technologies Inc.^(a)		183,403		24,922,634
Kimberly-Clark Corp.		110,132		13,626,632
Kraft Heinz Co. (The)		487,436		17,113,878
Kroger Co. (The)		678,737		30,047,687
Lockheed Martin Corp.		20,645		9,244,212
Loews Corp.		248,880		17,493,775
Marathon Petroleum Corp.		45,595		6,802,318
Markel Group Inc.^(a)		12,112		17,430,258
Marsh & McLennan Companies Inc.		192,145		38,317,556
Mastercard Inc., Class A		17,526		7,252,785
McCormick & Co. Inc./MD, NVS		91,868		5,955,802
McDonald’s Corp.		163,525		46,087,886
McKesson Corp.		102,137		48,061,587
Merck & Co. Inc.		563,554		57,753,014
Microsoft Corp.		64,742		24,531,391
Mondelez International Inc., Class A		178,934		12,715,050
Monster Beverage Corp.^(a)		107,952		5,953,553
Motorola Solutions Inc.		185,907		60,023,793
Neurocrine Biosciences Inc.^(a)		129,304		15,075,553
Newmont Corp.		123,170		4,950,202
Northrop Grumman Corp.		28,723		13,648,021
Old Dominion Freight Line Inc.		9,941		3,867,645
Oracle Corp.		140,316		16,306,122
O’Reilly Automotive Inc.^(a)		23,756		23,337,419
PepsiCo Inc.		314,277		52,889,676
Pfizer Inc.		211,844		6,454,887
PG&E Corp.^(a)		235,939		4,051,073

Security	Shares		Value

United States (continued)
Procter & Gamble Co. (The)		235,580	$	36,166,242
Progressive Corp. (The)		150,075		24,616,802
PTC Inc.^(a)		51,563		8,113,954
Quest Diagnostics Inc.		45,653		6,264,961
Regeneron Pharmaceuticals Inc.^(a)		37,454		30,854,980
Republic Services Inc., Class A		291,474		47,172,152
Rollins Inc.		204,172		8,317,967
Roper Technologies Inc.		115,020		61,909,515
Seagen Inc.^(a)		119,466		25,471,346
Southern Co. (The)		443,540		31,482,469
Teledyne Technologies Inc.^(a)		10,916		4,398,711
TJX Companies Inc. (The)		146,388		12,898,247
T-Mobile U.S. Inc.		342,785		51,572,003
Travelers Companies Inc. (The)		51,162		9,240,880
Ulta Beauty Inc.^(a)		20,408		8,693,604
United Therapeutics Corp.^(a)		43,201		10,368,240
UnitedHealth Group Inc.		66,842		36,961,621
VeriSign Inc.^(a)		84,253		17,878,487
Verizon Communications Inc.		890,518		34,133,555
Vertex Pharmaceuticals Inc.^(a)		118,915		42,192,231
Visa Inc., Class A^(c)		92,286		23,687,970
W R Berkley Corp.		113,169		8,210,411
Walmart Inc.		347,190		54,054,011
Waste Management Inc.		327,035		55,919,715
WEC Energy Group Inc.		361,722		30,247,194
Xcel Energy Inc.		504,753		30,709,172
Yum! Brands Inc.		83,143		10,438,604
				2,409,444,779
Total Long-Term Investments — 99.6%
(Cost: $3,837,950,234)				4,207,550,989

Short-Term Securities

Money Market Funds — 1.4%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%^(f)(g)(h)		26,103,786		26,116,838
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.34%^(f)(g)		32,740,000		32,740,000

Total Short-Term Securities — 1.4%
(Cost: $58,851,304)				58,856,838

Total Investments — 101.0%
(Cost: $3,896,801,538)				4,266,407,827

Liabilities in Excess of Other Assets — (1.0)%				(44,039,958	)

Net Assets — 100.0%			$	4,222,367,869

^(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)

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.

Schedule of Investments (unaudited) (continued)	iShares^® MSCI Global Min Vol Factor ETF
November 30, 2023

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 08/31/23		Purchases at Cost			Proceeds from Sale			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 11/30/23		Shares Held at 11/30/23		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	51,597,548	$	—		$	(25,484,652	)^(a)	$	9,020	$	(5,078	)	$	26,116,838		26,103,786	$	22,301	^(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		7,270,000		25,470,000	^(a)		—			—		—			32,740,000		32,740,000		100,888			—
									$	9,020	$	(5,078	)	$	58,856,838			$	123,189		$	—

^(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.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

							Value/
					Notional		Unrealized
	Number of		Expiration		Amount		Appreciation
Description		Contracts		Date		(000)		(Depreciation)
Long Contracts
MSCI EAFE Index		34		12/15/23	$	3,615	$	(10,894	)
MSCI Emerging Markets Index		35		12/15/23		1,727		(41	)
S&P 500 E-Mini Index		29		12/15/23		6,636		11,923
2-Year U.S. Treasury Note		7		03/28/24		1,432		5,075
							$	6,063

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
Assets
Investments
Long-Term Investments
Common Stocks	$	2,532,936,983	$	1,674,613,959	$	47	$	4,207,550,989

Schedule of Investments (unaudited) (continued)	iShares^® MSCI Global Min Vol Factor ETF
November 30, 2023

Fair Value Hierarchy as of Period End (continued)

	Level 1			Level 2		Level 3		Total
Short-Term Securities
Money Market Funds	$	58,856,838		$	—	$	—	$	58,856,838
	$	2,591,793,821		$	1,674,613,959	$	47	$	4,266,407,827
Derivative Financial Instruments^(a)
Assets
Equity Contracts	$	11,923		$	—	$	—	$	11,923
Interest Rate Contracts		5,075			—		—		5,075
Liabilities
Equity Contracts		(10,935	)		—		—		(10,935	)
	$	6,063		$	—	$	—		6,063

^(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

GDR

Global Depositary Receipt

NVDR

Non-Voting Depositary Receipt

NVS

Non-Voting Shares

PJSC

Public Joint Stock Company