Schedule of Investments (unaudited)	iShares® MSCI Global Energy Producers ETF
November 30, 2023	(Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Australia — 2.5%
Beach Energy Ltd.		70,297	$	68,493
Boss Energy Ltd. (a)		13,912		38,207
Deep Yellow Ltd.(a)		31,214		21,243
Karoon Energy Ltd.(a)		29,409		38,704
New Hope Corp. Ltd.		24,234		83,025
Paladin Energy Ltd.(a)		123,666		79,057
Santos Ltd.		141,026		637,811
Strike Energy Ltd.(a)(b)		100,595		26,947
Whitehaven Coal Ltd.		34,432		161,532
Woodside Energy Group Ltd.		82,259		1,671,285
Yancoal Australia Ltd., NVS		14,078		45,344
				2,871,648
Austria — 0.2%
OMV AG		6,311		269,472
Brazil — 1.4%
3R Petroleum Oleo E Gas SA(a)		10,138		61,750
Enauta Participacoes SA		6,552		20,620
Petroleo Brasileiro SA		161,213		1,234,796
Petroreconcavo SA		6,401		25,749
PRIO SA(a)		34,535		322,263
				1,665,178
Canada — 9.4%
Advantage Energy Ltd.(a)		7,546		51,717
Africa Oil Corp.		15,985		29,804
ARC Resources Ltd.		26,369		420,520
Athabasca Oil Corp.(a)		25,804		73,783
Baytex Energy Corp.		6,336		24,394
Baytex Energy Corp.		27,079		104,369
Birchcliff Energy Ltd.		11,304		54,148
Cameco Corp.		18,712		859,239
Canadian Natural Resources Ltd.		47,247		3,154,907
Cardinal Energy Ltd.		5,640		28,014
Cenovus Energy Inc.		61,778		1,095,837
Crescent Point Energy Corp.		23,487		165,298
Crew Energy Inc.(a)		5,640		19,992
Denison Mines Corp.(a)(b)		38,655		69,792
Energy Fuels Inc./Canada(a)(b)		7,046		56,027
Enerplus Corp.		9,267		147,171
Freehold Royalties Ltd.		5,561		57,087
Frontera Energy Corp.(a)		2,444		15,309
Headwater Exploration Inc.		10,334		54,071
Imperial Oil Ltd.		8,605		484,802
International Petroleum Corp.(a)		3,973		48,310
Kelt Exploration Ltd.(a)		6,580		32,538
MEG Energy Corp.(a)		12,269		232,007
NexGen Energy Ltd.(a)		18,702		121,974
NuVista Energy Ltd.(a)		7,866		67,939
Obsidian Energy Ltd.(a)		3,550		26,816
Paramount Resources Ltd., Class A		3,497		68,860
Parex Resources Inc.		4,512		92,538
PetroTal Corp., NVS		27,823		18,044
Peyto Exploration & Development Corp.		8,319		76,695
PrairieSky Royalty Ltd.		9,265		170,217
Spartan Delta Corp.		5,452		12,134
Suncor Energy Inc.		56,338		1,857,520
Surge Energy Inc.		4,360		24,741
Tamarack Valley Energy Ltd.		24,054		65,234
Topaz Energy Corp.		4,035		57,866
Tourmaline Oil Corp.		13,927		674,104

Security	Shares		Value
Canada (continued)
Vermilion Energy Inc.		6,991	$	88,305
Whitecap Resources Inc.		25,904		179,063
				10,881,186
China — 1.5%
CGN Mining Co. Ltd.(a)		115,000		23,901
China Coal Energy Co. Ltd., Class H		85,000		71,973
China Shenhua Energy Co. Ltd., Class A		17,500		77,060
China Shenhua Energy Co. Ltd., Class H		145,500		475,192
Guanghui Energy Co. Ltd., Class A		18,800		19,080
Inner Mongolia Dian Tou Energy Corp. Ltd.		5,800		11,839
Inner Mongolia Yitai Coal Co. Ltd., Class B(a)		46,500		66,130
Jizhong Energy Resources Co. Ltd.		9,700		9,485
Kinetic Development Group Ltd.		110,000		8,027
PetroChina Co. Ltd., Class A		53,600		53,757
PetroChina Co. Ltd., Class H		914,000		598,098
Shaanxi Coal Industry Co. Ltd., Class A		25,500		69,476
Shan Xi Hua Yang Group New Energy Co. Ltd.		10,950		13,620
Shanxi Coking Coal Energy Group Co. Ltd., Class A		14,410		19,617
Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A		9,600		29,367
Yankuang Energy Group Co. Ltd., Class A		10,350		29,756
Yankuang Energy Group Co. Ltd., Class H		100,000		185,767
				1,762,145
Finland — 0.6%
Neste OYJ		18,328		698,346
France — 5.9%
Etablissements Maurel et Prom SA		2,444		17,191
TotalEnergies SE		99,280		6,766,850
				6,784,041
Greece — 0.1%
Hellenic Energy Holdings SA		2,467		20,473
Motor Oil Hellas Corinth Refineries SA		2,940		79,365
				99,838
Hong Kong — 0.0%
United Energy Group Ltd.		352,000		33,239
Hungary — 0.1%
MOL Hungarian Oil & Gas PLC		19,630		156,298
India — 4.2%
Bharat Petroleum Corp. Ltd.		32,455		169,869
Chennai Petroleum Corp. Ltd.		1,905		15,213
Coal India Ltd.		66,718		274,262
Gujarat Mineral Development Corp. Ltd.		3,666		18,136
Hindustan Petroleum Corp. Ltd.(a)		24,865		103,763
Indian Oil Corp. Ltd.		122,057		163,865
Oil & Natural Gas Corp. Ltd.		135,021		315,520
Reliance Industries Ltd.		104,737		2,989,406
Reliance Industries Ltd., GDR(c)		13,586		780,617
				4,830,651
Indonesia — 0.3%
Adaro Energy Indonesia Tbk PT		611,000		103,301
Bukit Asam Tbk PT		172,000		26,837
Energi Mega Persada Tbk PT, NVS(a)		663,100		9,833
Harum Energy Tbk PT		154,800		13,825
Indika Energy Tbk PT		65,800		6,257
Indo Tambangraya Megah Tbk PT		18,800		29,772
Medco Energi Internasional Tbk PT		282,012		20,932
Petrindo Jaya Kreasi Tbk PT, NVS		72,400		41,195
Sugih Energy Tbk PT(a)(d)		206,700		—

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Global Energy Producers ETF
November 30, 2023	(Percentages shown are based on Net Assets)

Security	Shares		Value
Indonesia (continued)
United Tractors Tbk PT		64,800	$	91,522
				343,474
Israel — 0.1%
Delek Group Ltd.		408		52,610
Equital Ltd.(a)		924		25,945
Naphtha Israel Petroleum Corp. Ltd.		1,317		6,123
Oil Refineries Ltd.		108,403		34,054
Paz Oil Co. Ltd.(a)		435		37,255
				155,987
Italy — 1.5%
Eni SpA		102,378		1,697,683
Saras SpA(b)		23,218		37,747
				1,735,430
Japan — 1.3%
Cosmo Energy Holdings Co. Ltd.		2,636		100,174
ENEOS Holdings Inc.		124,900		491,602
Idemitsu Kosan Co. Ltd.		8,368		228,264
Inpex Corp.		42,000		579,450
Japan Petroleum Exploration Co. Ltd.		1,400		53,507
				1,452,997
Malaysia — 0.0%
Hibiscus Petroleum Bhd		22,560		12,165
Norway — 1.5%
Aker BP ASA		13,648		388,695
BLUENORD ASA(a)		997		45,473
BW Energy Ltd.(a)		3,666		8,373
DNO ASA		20,899		20,242
Equinor ASA		39,031		1,247,012
				1,709,795
Philippines — 0.0%
Semirara Mining & Power Corp., Class A		37,000		19,303
Poland — 0.3%
ORLEN SA		25,112		370,730
Portugal — 0.3%
Galp Energia SGPS SA		19,678		292,394
Russia — 0.0%
LUKOIL PJSC(d)		17,021		2
Rosneft Oil Co. PJSC(d)		47,821		5
Surgutneftegas PJSC(d)		285,010		32
Tatneft PJSC(d)		57,983		6
				45
Saudi Arabia — 0.9%
Rabigh Refining & Petrochemical Co.(a)		17,037		49,499
Saudi Arabian Oil Co.(c)		115,325		1,019,591
				1,069,090
South Africa — 0.1%
Exxaro Resources Ltd.		10,355		103,293
Thungela Resources Ltd.		5,867		44,928
				148,221
South Korea — 0.4%
HD Hyundai Co. Ltd.		1,880		87,626
SK Innovation Co. Ltd.(a)		2,616		289,605
S-Oil Corp.		1,965		103,565
				480,796
Spain — 0.7%
Repsol SA		55,413		850,885

Security	Shares		Value
Thailand — 0.5%
Bangchak Corp. PCL, NVDR		46,200	$	57,085
Banpu PCL, NVDR		390,600		82,785
IRPC PCL, NVDR		460,600		25,914
PTT Exploration & Production PCL, NVDR		59,831		256,836
Star Petroleum Refining PCL, NVDR		85,200		19,820
Thai Oil PCL, NVDR		53,700		78,485
				520,925
Turkey — 0.2%
Turkiye Petrol Rafinerileri AS		41,797		221,072
United Arab Emirates — 0.1%
Dana Gas PJSC		238,659		51,463
United Kingdom — 12.1%
BP PLC		739,362		4,495,073
Diversified Energy Co. PLC		41,051		34,103
Energean PLC		6,594		83,828
EnQuest PLC(a)		58,844		10,133
Gulf Keystone Petroleum Ltd.		10,740		17,420
Harbour Energy PLC		26,265		76,388
Serica Energy PLC		10,470		30,370
Shell PLC		286,675		9,266,715
Tullow Oil PLC(a)(b)		55,062		25,222
				14,039,252
United States — 51.6%
Antero Resources Corp.(a)		12,347		291,760
APA Corp.		13,286		478,296
Berry Corp.		3,466		24,886
California Resources Corp.		2,261		115,786
Callon Petroleum Co.(a)(b)		2,344		73,297
Centrus Energy Corp., Class A(a)(b)		535		26,761
Chesapeake Energy Corp.		4,924		395,446
Chevron Corp.		78,601		11,287,104
Chord Energy Corp.		1,791		290,393
Civitas Resources Inc.		2,843		195,286
CNX Resources Corp.(a)		7,200		150,192
Comstock Resources Inc.		4,144		40,901
ConocoPhillips		51,878		5,995,540
CONSOL Energy Inc.		1,386		147,845
Coterra Energy Inc.		32,659		857,299
Crescent Energy Co., Class A		3,348		38,167
CVR Energy Inc.		1,524		48,417
Delek U.S. Holdings Inc.		2,980		80,877
Devon Energy Corp.		27,677		1,244,635
Diamondback Energy Inc.		7,360		1,136,458
Enviva Inc.		1,359		1,658
EOG Resources Inc.		25,217		3,103,456
EQT Corp.		16,926		676,363
Exxon Mobil Corp.		173,556		17,831,143
Granite Ridge Resources Inc.		1,156		6,832
Gulfport Energy Corp.(a)		526		72,083
Hallador Energy Co.(a)		1,005		12,693
Hess Corp.		11,972		1,682,784
HF Sinclair Corp.		6,381		334,875
HighPeak Energy Inc.		1,111		17,087
Kimbell Royalty Partners LP		2,742		42,172
Kosmos Energy Ltd.(a)		19,735		134,001
Laredo Petroleum Inc.(a)		869		38,966
Magnolia Oil & Gas Corp., Class A		7,711		165,786
Marathon Oil Corp.		26,240		667,283
Marathon Petroleum Corp.		17,322		2,584,269
Matador Resources Co.		4,867		281,702

2

Schedule of Investments (unaudited) (continued)	iShares® MSCI Global Energy Producers ETF
November 30, 2023	(Percentages shown are based on Net Assets)

Security	Shares		Value
United States (continued)
Murphy Oil Corp.		6,385	$	273,086
Northern Oil and Gas Inc.		3,880		145,190
Occidental Petroleum Corp.		28,837		1,705,709
Ovintiv Inc.		11,322		502,017
Par Pacific Holdings Inc.(a)		2,437		83,516
PBF Energy Inc., Class A		4,902		217,649
Peabody Energy Corp.		4,890		116,578
Permian Res Corp., Class A, NVS		15,888		208,768
Pioneer Natural Resources Co.		10,108		2,341,417
Range Resources Corp.		10,441		339,332
Riley Exploration Permian Inc.		256		6,323
SandRidge Energy Inc.		1,313		18,133
SilverBow Resources Inc.(a)		693		22,044
Sitio Royalties Corp.		3,585		78,978
SM Energy Co.		5,142		192,568
Southwestern Energy Co.(a)		45,332		298,738
Talos Energy Inc.(a)		5,354		74,528
Tellurian Inc.(a)(b)		22,944		13,973
Texas Pacific Land Corp.		266		444,739
Uranium Energy Corp.(a)		16,248		105,937
VAALCO Energy Inc.		4,230		19,669
Valero Energy Corp.		15,299		1,917,883
Viper Energy Inc., NVS		2,986		92,028
Vitesse Energy Inc.		1,095		25,875
W&T Offshore Inc.		4,042		13,500
				59,830,677
Total Common Stocks — 97.8%
(Cost: $86,868,651)				113,356,743
Preferred Stocks
Brazil — 1.3%
Petroleo Brasileiro SA, Preference Shares, NVS		206,291		1,505,046

Security	Shares		Value
Russia — 0.0%
Surgutneftegas PJSC, Preference Shares, NVS(d)		275,500	$	31
Total Preferred Stocks — 1.3%
(Cost: $951,583)				1,505,077
Total Long-Term Investments — 99.1%
(Cost: $87,820,234)				114,861,820
Short-Term Securities
Money Market Funds — 0.3%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%(e)(f)(g)		294,393		294,540
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.34%(e)(f)		30,000		30,000
Total Short-Term Securities — 0.3%
(Cost: $324,324)				324,540
Total Investments — 99.4%
(Cost: $88,144,558)				115,186,360
Other Assets Less Liabilities — 0.6%				685,030
Net Assets — 100.0%			$	115,871,390

^(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, 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	$	839,216	$	—		$	(544,853	)(a)	$	119	$	58	$	294,540		294,393	$	1,440	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		30,000		0	(a)		—			—		—		30,000		30,000		2,140			—
									$	119	$	58	$	324,540			$	3,580		$	—

^(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.

3

Schedule of Investments (unaudited) (continued)	iShares® MSCI Global Energy Producers ETF
November 30, 2023

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
E-Mini Energy Select Sector Index		10		12/15/23	$	884	$	(21,649	)
FTSE 100 Index		1		12/15/23		95		(119	)
							$	(21,768	)

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	$	72,969,938		$	40,386,760		$	45	$	113,356,743
Preferred Stocks		1,505,046			—			31		1,505,077
Short-Term Securities
Money Market Funds		324,540			—			—		324,540
	$	74,799,524		$	40,386,760		$	76	$	115,186,360
Derivative Financial Instruments(a)
Liabilities
Equity Contracts	$	(21,649	)	$	(119	)	$	—	$	(21,768	)

^(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

NVDR Non-Voting Depositary Receipt

NVS Non-Voting Shares

PJSC Public Joint Stock Company

4