| Schedule of Investments (unaudited) | iShares® Emerging Markets Equity Factor ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Brazil — 4.3% | ||||||||
| B3 SA - Brasil, Bolsa, Balcao | 1,095,995 | $ | 2,961,517 | |||||
| Banco do Brasil SA | 137,908 | 1,520,559 | ||||||
| Centrais Eletricas Brasileiras SA | 77,123 | 640,230 | ||||||
| Cia. de Saneamento Basico do Estado de Sao Paulo | 29,970 | 411,368 | ||||||
| Cia. Energetica de Minas Gerais | 68,477 | 216,197 | ||||||
| Cia. Siderurgica Nacional SA | 160,292 | 534,735 | ||||||
| CPFL Energia SA | 56,487 | 425,197 | ||||||
| CSN Mineracao SA | 949,787 | 1,381,635 | ||||||
| Hypera SA | 66,196 | 454,303 | ||||||
| JBS SA | 539,966 | 2,546,218 | ||||||
| Neoenergia SA | 176,747 | 695,562 | ||||||
| Petroleo Brasileiro SA | 305,977 | 2,343,603 | ||||||
| Porto Seguro SA | 32,290 | 183,688 | ||||||
| Raia Drogasil SA | 41,812 | 238,535 | ||||||
| Sendas Distribuidora SA | 69,689 | 183,070 | ||||||
| Suzano SA | 93,663 | 1,023,394 | ||||||
| Tim SA | 387,486 | 1,357,211 | ||||||
| Vale SA | 342,233 | 5,134,833 | ||||||
| Vibra Energia SA | 292,656 | 1,388,348 | ||||||
| WEG SA | 157,999 | 1,097,507 | ||||||
| 24,737,710 | ||||||||
| Cayman Islands — 0.0% | ||||||||
| MINISO Group Holding Ltd., NVS(a) | 25,000 | 160,702 | ||||||
| Chile — 0.4% | ||||||||
| Banco de Chile | 3,690,280 | 415,000 | ||||||
| Cencosud SA | 440,917 | 818,994 | ||||||
| Colbun SA | 1,446,197 | 228,831 | ||||||
| Empresas CMPC SA | 311,154 | 601,865 | ||||||
| Empresas Copec SA | 10,035 | 74,269 | ||||||
| Quinenco SA | 51,393 | 142,020 | ||||||
| 2,280,979 | ||||||||
| China — 26.4% | ||||||||
| 37 Interactive Entertainment Network Technology Group Co. Ltd., Class A | 205,800 | 638,449 | ||||||
| 3SBio Inc.(b) | 308,500 | 286,528 | ||||||
| Agricultural Bank of China Ltd., Class A | 1,619,900 | 829,611 | ||||||
| Agricultural Bank of China Ltd., Class H | 979,000 | 361,381 | ||||||
| AIMA Technology Group Co. Ltd. | 82,900 | 333,193 | ||||||
| Akeso Inc.(b)(c) | 311,000 | 1,984,585 | ||||||
| Alibaba Group Holding Ltd.(c) | 1,259,648 | 11,708,943 | ||||||
| Anhui Guangxin Agrochemical Co. Ltd. | 81,360 | 186,716 | ||||||
| Anhui Gujing Distillery Co. Ltd., Class A | 11,600 | 419,320 | ||||||
| Anhui Jinhe Industrial Co. Ltd. | 27,400 | 77,768 | ||||||
| ANTA Sports Products Ltd. | 117,800 | 1,229,375 | ||||||
| Autohome Inc., ADR | 12,584 | 343,669 | ||||||
| AVIC Industry-Finance Holdings Co. Ltd., Class A | 678,800 | 310,425 | ||||||
| Baidu Inc.(c) | 186,800 | 2,771,945 | ||||||
| Bank of Chengdu Co. Ltd., Class A | 41,000 | 64,891 | ||||||
| Bank of China Ltd., Class A | 643,000 | 358,972 | ||||||
| Bank of China Ltd., Class H | 9,095,000 | 3,332,309 | ||||||
| Bank of Communications Co. Ltd., Class H | 1,155,000 | 680,789 | ||||||
| Beijing Tongrentang Co. Ltd., Class A | 46,000 | 342,128 | ||||||
| Biem.L.Fdlkk Garment Co. Ltd. | 53,900 | 252,197 | ||||||
| Bosideng International Holdings Ltd. | 2,700,000 | 1,132,190 | ||||||
| BYD Co. Ltd., Class A | 11,900 | 331,224 | ||||||
| BYD Co. Ltd., Class H | 55,000 | 1,478,213 | ||||||
| C&S Paper Co. Ltd., Class A | 45,200 | 67,926 | ||||||
| Caida Securities Co. Ltd. | 233,500 | 253,109 | ||||||
| China CITIC Bank Corp. Ltd., Class A | 637,300 | 480,446 | ||||||
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| China Coal Energy Co. Ltd. | 66,200 | $ | 86,390 | |||||
| China Coal Energy Co. Ltd., Class H | 813,000 | 688,402 | ||||||
| China Construction Bank Corp., Class H | 9,823,000 | 5,679,594 | ||||||
| China Galaxy Securities Co. Ltd., Class H | 1,627,500 | 870,738 | ||||||
| China Hongqiao Group Ltd. | 243,500 | 198,291 | ||||||
| China International Capital Corp. Ltd., Class H(b) | 504,400 | 796,729 | ||||||
| China Life Insurance Co. Ltd., Class H | 268,000 | 363,003 | ||||||
| China Medical System Holdings Ltd. | 390,000 | 749,143 | ||||||
| China Merchants Bank Co. Ltd., Class H | 495,000 | 1,727,558 | ||||||
| China Merchants Securities Co. Ltd., Class H(b) | 410,800 | 336,047 | ||||||
| China National Software & Service Co. Ltd., Class A | 78,220 | 376,925 | ||||||
| China Overseas Property Holdings Ltd. | 460,000 | 374,902 | ||||||
| China Pacific Insurance Group Co. Ltd., Class H | 38,800 | 81,941 | ||||||
| China Petroleum & Chemical Corp., Class A | 560,700 | 428,479 | ||||||
| China Petroleum & Chemical Corp., Class H | 2,364,000 | 1,213,283 | ||||||
| China Railway Group Ltd., Class H | 361,000 | 158,447 | ||||||
| China Resources Beer Holdings Co. Ltd. | 194,000 | 874,534 | ||||||
| China Resources Land Ltd. | 120,000 | 439,343 | ||||||
| China Resources Mixc Lifestyle Services Ltd.(b) | 44,600 | 168,605 | ||||||
| China Resources Pharmaceutical Group Ltd.(b) | 1,008,000 | 628,328 | ||||||
| China Resources Power Holdings Co. Ltd. | 238,000 | 458,901 | ||||||
| China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | 56,500 | 384,093 | ||||||
| China Shenhua Energy Co. Ltd., Class A | 174,500 | 768,400 | ||||||
| China Shenhua Energy Co. Ltd., Class H | 227,500 | 742,998 | ||||||
| China World Trade Center Co. Ltd. | 40,300 | 114,888 | ||||||
| Chongqing Changan Automobile Co. Ltd., Class A | 201,700 | 574,755 | ||||||
| Chongqing Rural Commercial Bank Co. Ltd., Class H | 710,000 | 262,595 | ||||||
| Chow Tai Fook Jewellery Group Ltd.(a) | 400,200 | 581,012 | ||||||
| CITIC Ltd. | 68,000 | 63,974 | ||||||
| CITIC Securities Co. Ltd., Class A | 63,300 | 189,847 | ||||||
| CMOC Group Ltd., Class H | 486,000 | 277,711 | ||||||
| CNPC Capital Co. Ltd., NVS | 63,600 | 51,190 | ||||||
| COFCO Capital Holdings Co. Ltd. | 149,300 | 142,105 | ||||||
| COSCO Shipping Holdings Co. Ltd., Class H | 495,500 | 456,508 | ||||||
| CSC Financial Co. Ltd., Class A | 147,600 | 532,296 | ||||||
| CSC Financial Co. Ltd., Class H(b) | 626,500 | 587,751 | ||||||
| Daqo New Energy Corp., ADR(a)(c) | 10,044 | 237,641 | ||||||
| DaShenLin Pharmaceutical Group Co. Ltd., Class A | 71,620 | 260,637 | ||||||
| Dong-E-E-Jiao Co. Ltd., Class A | 20,100 | 141,454 | ||||||
| East Buy Holding Ltd.(b)(c) | 67,500 | 250,516 | ||||||
| Eastern Air Logistics Co. Ltd. | 121,500 | 227,734 | ||||||
| Ecovacs Robotics Co. Ltd., Class A | 55,200 | 330,595 | ||||||
| Focus Media Information Technology Co. Ltd., Class A | 361,900 | 331,015 | ||||||
| G-Bits Network Technology Xiamen Co. Ltd., Class A | 7,200 | 258,287 | ||||||
| GD Power Development Co. Ltd., Class A | 1,192,200 | 658,732 | ||||||
| GF Securities Co. Ltd., Class H | 402,400 | 503,313 | ||||||
| Giant Biogene Holding Co. Ltd.(b)(c) | 161,000 | 738,020 | ||||||
| Great Wall Motor Co. Ltd., Class H | 344,000 | 495,707 | ||||||
| Gree Electric Appliances Inc. of Zhuhai, Class A | 45,900 | 211,338 | ||||||
| Gree Real Estate Co. Ltd.(c) | 67,100 | 73,803 | ||||||
| Greentown China Holdings Ltd. | 206,000 | 219,134 | ||||||
| Guangdong Zhongsheng Pharmaceutical Co. Ltd. | 71,900 | 181,909 | ||||||
| Guosen Securities Co. Ltd., Class A | 97,800 | 129,934 | ||||||
| Guosheng Financial Holding Inc.(c) | 89,200 | 116,595 | ||||||
| H World Group Ltd.(c) | 171,900 | 616,772 | ||||||
| Hainan Haide Capital Management Co. Ltd. | 120,790 | 188,721 | ||||||
| Hangzhou Binjiang Real Estate Group Co. Ltd. | 292,500 | 315,585 | ||||||
| Hangzhou Robam Appliances Co. Ltd., Class A | 20,900 | 67,840 | ||||||
| Heilongjiang Agriculture Co. Ltd., Class A | 170,800 | 301,895 | ||||||
| Hengdian Group DMEGC Magnetics Co. Ltd. | 82,700 | 156,651 | ||||||
| Hisense Home Appliances Group Co. Ltd. | 81,000 | 249,046 | ||||||
1
| Schedule of Investments (unaudited) (continued) | iShares® Emerging Markets Equity Factor ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Holly Futures Co. Ltd. | 42,800 | $ | 80,571 | |||||
| Hopson Development Holdings Ltd.(c) | 869,168 | 497,380 | ||||||
| Huatai Securities Co. Ltd., Class H(b) | 187,000 | 233,896 | ||||||
| Hundsun Technologies Inc., Class A | 47,600 | 199,989 | ||||||
| Industrial & Commercial Bank of China Ltd., Class H | 8,041,000 | 3,826,128 | ||||||
| Inner Mongolia Dazhong Mining Co. Ltd. | 83,300 | 122,278 | ||||||
| Inner Mongolia Eerduosi Resources Co. Ltd., Class B | 128,820 | 113,362 | ||||||
| JD Health International Inc.(b)(c) | 141,500 | 672,707 | ||||||
| JD.com Inc. | 166,750 | 2,274,486 | ||||||
| Jiangsu Expressway Co. Ltd., Class H | 82,000 | 73,632 | ||||||
| Jiangsu King’s Luck Brewery JSC Ltd., Class A | 90,300 | 679,951 | ||||||
| Jiangsu Phoenix Publishing & Media Corp. Ltd. | 216,300 | 304,603 | ||||||
| Jiangxi Copper Co. Ltd., Class H | 126,000 | 178,633 | ||||||
| Jinneng Holding Shanxi Coal Industry Co. Ltd. | 149,100 | 275,163 | ||||||
| JiuGui Liquor Co. Ltd., Class A | 29,000 | 290,131 | ||||||
| Jizhong Energy Resources Co. Ltd. | 321,100 | 313,979 | ||||||
| Joincare Pharmaceutical Group Industry Co. Ltd., Class A | 174,700 | 309,299 | ||||||
| Jointown Pharmaceutical Group Co. Ltd., Class A | 147,440 | 154,947 | ||||||
| Joyoung Co. Ltd., Class A | 65,700 | 124,038 | ||||||
| JOYY Inc., ADR | 6,059 | 232,726 | ||||||
| Kanzhun Ltd., ADR(c) | 31,089 | 513,901 | ||||||
| KE Holdings Inc., ADR | 40,245 | 641,103 | ||||||
| Kehua Data Co. Ltd. | 13,500 | 52,974 | ||||||
| Kingboard Holdings Ltd. | 212,000 | 510,378 | ||||||
| Kingboard Laminates Holdings Ltd. | 1,243,000 | 1,082,648 | ||||||
| KingClean Electric Co. Ltd. | 35,300 | 113,372 | ||||||
| Kingnet Network Co. Ltd. | 205,200 | 335,388 | ||||||
| Kuaishou Technology(b)(c) | 210,400 | 1,551,353 | ||||||
| Kunlun Energy Co. Ltd. | 652,000 | 602,479 | ||||||
| Kweichow Moutai Co. Ltd., Class A | 4,500 | 1,127,983 | ||||||
| Legend Holdings Corp., Class H(a)(b) | 157,900 | 135,894 | ||||||
| Lenovo Group Ltd. | 1,132,000 | 1,397,021 | ||||||
| Li Auto Inc.(c) | 97,100 | 1,795,365 | ||||||
| Li Ning Co. Ltd. | 77,500 | 215,667 | ||||||
| Lufax Holding Ltd., ADR | 117,736 | 99,946 | ||||||
| Meihua Holdings Group Co. Ltd. | 284,700 | 380,102 | ||||||
| Meituan, Class B(b)(c) | 454,720 | 5,264,065 | ||||||
| Metallurgical Corp. of China Ltd., Class H | 2,919,000 | 553,424 | ||||||
| NetEase Inc. | 183,900 | 4,148,482 | ||||||
| New Oriental Education & Technology Group Inc.(c) | 80,600 | 655,550 | ||||||
| Newland Digital Technology Co. Ltd., Class A | 92,300 | 228,361 | ||||||
| Nongfu Spring Co. Ltd., Class H(b) | 350,200 | 1,997,463 | ||||||
| Northeast Securities Co. Ltd., Class A | 222,700 | 227,052 | ||||||
| Opple Lighting Co. Ltd. | 50,500 | 129,558 | ||||||
| Orient Overseas International Ltd. | 124,500 | 1,496,945 | ||||||
| Orient Securities Co. Ltd.(b) | 1,340,000 | 593,378 | ||||||
| People.cn Co. Ltd. | 11,700 | 55,601 | ||||||
| People’s Insurance Co. Group of China Ltd. (The), Class H | 1,278,000 | 413,982 | ||||||
| Perfect World Co. Ltd., Class A | 177,900 | 313,836 | ||||||
| PetroChina Co. Ltd., Class A | 1,999,600 | 2,005,441 | ||||||
| PetroChina Co. Ltd., Class H | 360,000 | 235,575 | ||||||
| PICC Property & Casualty Co. Ltd., Class H | 407,000 | 472,789 | ||||||
| Pinduoduo Inc., ADR(c) | 65,964 | 9,725,732 | ||||||
| Ping An Insurance Group Co. of China Ltd., Class H | 539,500 | 2,474,498 | ||||||
| Pingdingshan Tianan Coal Mining Co. Ltd. | 53,700 | 88,226 | ||||||
| Postal Savings Bank of China Co. Ltd., Class H(b) | 2,572,000 | 1,140,990 | ||||||
| Qifu Technology Inc. | 44,326 | 687,940 | ||||||
| Radiance Holdings Group Co. Ltd.(a)(c) | 306,000 | 137,109 | ||||||
| Sanquan Food Co. Ltd., Class A | 83,000 | 167,268 | ||||||
| Sealand Securities Co. Ltd., Class A | 306,500 | 156,081 | ||||||
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Shaanxi Coal Industry Co. Ltd., Class A | 118,100 | $ | 321,768 | |||||
| Shaanxi Energy Investment Co. Ltd., NVS | 236,800 | 285,970 | ||||||
| Shan Xi Hua Yang Group New Energy Co. Ltd. | 57,900 | 72,018 | ||||||
| Shandong Buchang Pharmaceuticals Co. Ltd., Class A | 101,629 | 255,451 | ||||||
| Shandong Jinjing Science & Technology Co. Ltd. | 62,600 | 60,556 | ||||||
| Shandong Publishing & Media Co. Ltd. | 134,500 | 169,746 | ||||||
| Shandong Weigao Group Medical Polymer Co. Ltd., Class H | 323,600 | 307,168 | ||||||
| Shanghai Baosight Software Co. Ltd., Class B | 318,228 | 599,070 | ||||||
| Shanghai Flyco Electrical Appliance Co. Ltd. | 14,000 | 107,068 | ||||||
| Shanghai International Port Group Co. Ltd., Class A | 147,581 | 103,841 | ||||||
| Shanghai M&G Stationery Inc., Class A | 13,900 | 77,261 | ||||||
| Shanghai Stonehill Technology Co. Ltd., Class A | 312,300 | 139,412 | ||||||
| Shanghai Wanye Enterprises Co. Ltd. | 59,700 | 144,072 | ||||||
| Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A | 239,400 | 732,341 | ||||||
| Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A | 6,000 | 200,419 | ||||||
| Shenwan Hongyuan Group Co. Ltd., Class A | 606,800 | 382,757 | ||||||
| Shenzhen CECport Technologies Co. Ltd., NVS | 23,900 | 71,799 | ||||||
| Shenzhen Salubris Pharmaceuticals Co. Ltd., Class A | 55,600 | 261,144 | ||||||
| Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A | 120,760 | 424,805 | ||||||
| Sino Biopharmaceutical Ltd. | 1,087,000 | 533,204 | ||||||
| Sinopec Shanghai Petrochemical Co. Ltd., Class H(a)(c) | 1,618,000 | 231,821 | ||||||
| Sinosoft Co. Ltd. | 56,200 | 245,196 | ||||||
| Sinotrans Ltd., Class H | 2,412,000 | 879,987 | ||||||
| Sinotruk Hong Kong Ltd. | 380,500 | 789,323 | ||||||
| Skshu Paint Co. Ltd., Class A(c) | 5,620 | 42,495 | ||||||
| Sun Art Retail Group Ltd. | 549,000 | 93,469 | ||||||
| TAL Education Group, ADR(c) | 93,726 | 1,174,387 | ||||||
| Tencent Holdings Ltd. | 465,300 | 19,384,001 | ||||||
| Tianqi Lithium Corp.(a) | 10,400 | 50,833 | ||||||
| Tingyi Cayman Islands Holding Corp. | 958,000 | 1,205,692 | ||||||
| Topsports International Holdings Ltd.(b) | 394,000 | 320,215 | ||||||
| Trip.com Group Ltd.(c) | 38,700 | 1,359,278 | ||||||
| Tsingtao Brewery Co. Ltd., Class H | 82,000 | 541,847 | ||||||
| Uni-President China Holdings Ltd. | 446,000 | 285,264 | ||||||
| Vipshop Holdings Ltd., ADR(c) | 31,088 | 498,341 | ||||||
| Want Want China Holdings Ltd. | 1,607,000 | 940,986 | ||||||
| Weichai Power Co. Ltd., Class H | 286,000 | 526,246 | ||||||
| Xiamen Xiangyu Co. Ltd. | 214,400 | 198,612 | ||||||
| Yadea Group Holdings Ltd.(b) | 372,000 | 699,523 | ||||||
| Yankuang Energy Group Co. Ltd., Class A | 93,750 | 269,531 | ||||||
| Yankuang Energy Group Co. Ltd., Class H | 489,000 | 908,401 | ||||||
| Yifeng Pharmacy Chain Co. Ltd., Class A | 15,180 | 80,959 | ||||||
| Yixintang Pharmaceutical Group Co. Ltd., Class A | 62,600 | 223,729 | ||||||
| Yongan Futures Co. Ltd. | 64,000 | 145,984 | ||||||
| Yutong Bus Co. Ltd., Class A | 153,100 | 288,403 | ||||||
| Zangge Mining Co. Ltd. | 19,600 | 65,596 | ||||||
| Zhejiang Publishing & Media Co. Ltd. | 160,800 | 177,313 | ||||||
| Zhejiang Semir Garment Co. Ltd., Class A | 164,800 | 141,702 | ||||||
| Zhongshan Broad Ocean Motor Co. Ltd. | 201,000 | 143,177 | ||||||
| Zijin Mining Group Co. Ltd., Class H | 116,000 | 183,700 | ||||||
| ZTE Corp., Class H | 47,800 | 104,201 | ||||||
| 152,281,783 | ||||||||
| Colombia — 0.2% | ||||||||
| Bancolombia SA | 18,795 | 148,456 | ||||||
| Interconexion Electrica SA ESP | 180,294 | 680,617 | ||||||
| 829,073 | ||||||||
| Czech Republic — 0.5% | ||||||||
| CEZ AS | 26,669 | 1,179,772 | ||||||
2
| Schedule of Investments (unaudited) (continued) | iShares® Emerging Markets Equity Factor ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Czech Republic (continued) | ||||||||
| Komercni Banka AS | 57,261 | $ | 1,774,278 | |||||
| 2,954,050 | ||||||||
| Egypt — 0.2% | ||||||||
| Eastern Co. SAE | 1,973,210 | 1,026,217 | ||||||
| Greece — 0.5% | ||||||||
| Hellenic Telecommunications Organization SA | 84,748 | 1,244,129 | ||||||
| JUMBO SA | 6,905 | 180,687 | ||||||
| National Bank of Greece SA(c) | 96,965 | 664,593 | ||||||
| OPAP SA | 64,415 | 1,030,083 | ||||||
| 3,119,492 | ||||||||
| Hong Kong — 0.3% | ||||||||
| BOC Hong Kong Holdings Ltd. | 568,500 | 1,520,009 | ||||||
| Simcere Pharmaceutical Group Ltd.(b) | 403,000 | 379,637 | ||||||
| 1,899,646 | ||||||||
| Hungary — 0.2% | ||||||||
| MOL Hungarian Oil & Gas PLC | 72,652 | 578,469 | ||||||
| OTP Bank Nyrt | 13,946 | 580,292 | ||||||
| Richter Gedeon Nyrt | 3,034 | 76,469 | ||||||
| 1,235,230 | ||||||||
| India — 18.5% | ||||||||
| 3M India Ltd. | 2,609 | 971,027 | ||||||
| ABB India Ltd. | 28,097 | 1,490,325 | ||||||
| ACC Ltd. | 26,409 | 594,603 | ||||||
| Adani Enterprises Ltd. | 46,105 | 1,306,304 | ||||||
| AIA Engineering Ltd. | 30,084 | 1,297,313 | ||||||
| Ambuja Cements Ltd. | 109,106 | 575,449 | ||||||
| Apollo Hospitals Enterprise Ltd. | 12,774 | 847,422 | ||||||
| Asian Paints Ltd. | 31,785 | 1,189,155 | ||||||
| Bajaj Auto Ltd. | 18,322 | 1,340,641 | ||||||
| Bajaj Finance Ltd. | 15,667 | 1,339,308 | ||||||
| Bharat Electronics Ltd. | 1,213,451 | 2,126,765 | ||||||
| Bharti Airtel Ltd. | 154,100 | 1,877,986 | ||||||
| Britannia Industries Ltd. | 1,897 | 110,296 | ||||||
| CG Power and Industrial Solutions Ltd. | 39,268 | 211,748 | ||||||
| Cholamandalam Investment and Finance Co. Ltd. | 13,006 | 174,580 | ||||||
| Coal India Ltd. | 322,485 | 1,325,663 | ||||||
| Colgate-Palmolive India Ltd. | 26,400 | 696,289 | ||||||
| CRISIL Ltd. | 18,743 | 961,829 | ||||||
| Cummins India Ltd. | 27,524 | 630,399 | ||||||
| Dr. Reddy’s Laboratories Ltd. | 8,138 | 565,424 | ||||||
| Emami Ltd. | 132,184 | 802,278 | ||||||
| GAIL India Ltd. | 341,714 | 540,895 | ||||||
| General Insurance Corp. of India(b) | 64,087 | 246,091 | ||||||
| GlaxoSmithKline Pharmaceuticals Ltd. | 22,915 | 455,042 | ||||||
| Godrej Properties Ltd.(c) | 18,761 | 422,582 | ||||||
| Gujarat Fluorochemicals Ltd. | 12,818 | 438,260 | ||||||
| Havells India Ltd. | 74,495 | 1,164,870 | ||||||
| HCL Technologies Ltd. | 125,459 | 2,021,594 | ||||||
| HDFC Bank Ltd. | 319,194 | 5,984,056 | ||||||
| Hero MotoCorp Ltd. | 35,382 | 1,622,340 | ||||||
| Hindalco Industries Ltd. | 189,712 | 1,176,523 | ||||||
| Hindustan Aeronautics Ltd., NVS | 51,304 | 1,466,390 | ||||||
| Hindustan Petroleum Corp. Ltd.(c) | 71,966 | 300,319 | ||||||
| Hindustan Unilever Ltd. | 1,903 | 58,108 | ||||||
| ICICI Bank Ltd. | 419,877 | 4,689,072 | ||||||
| Indian Oil Corp. Ltd. | 388,458 | 521,516 | ||||||
| Indian Railway Finance Corp. Ltd.(b) | 1,217,406 | 1,090,217 | ||||||
| Indraprastha Gas Ltd. | 101,074 | 472,255 | ||||||
| Indus Towers Ltd.(c) | 181,551 | 401,620 | ||||||
| Info Edge India Ltd. | 5,241 | 290,313 | ||||||
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Infosys Ltd. | 404,783 | $ | 7,075,225 | |||||
| InterGlobe Aviation Ltd.(b)(c) | 23,659 | 768,192 | ||||||
| Jindal Steel & Power Ltd. | 13,725 | 110,787 | ||||||
| JSW Energy Ltd. | 79,935 | 391,943 | ||||||
| JSW Steel Ltd. | 8,005 | 77,048 | ||||||
| Kalyan Jewellers India Ltd. | 141,099 | 551,041 | ||||||
| Kotak Mahindra Bank Ltd. | 58,098 | 1,224,797 | ||||||
| KPIT Technologies Ltd. | 17,406 | 313,538 | ||||||
| L&T Technology Services Ltd.(b) | 13,803 | 790,694 | ||||||
| Larsen & Toubro Ltd. | 62,444 | 2,331,072 | ||||||
| Life Insurance Corp. of India | 30,271 | 246,696 | ||||||
| Macrotech Developers Ltd. | 16,756 | 177,575 | ||||||
| Mahindra & Mahindra Ltd. | 82,080 | 1,623,625 | ||||||
| Marico Ltd. | 30,691 | 198,341 | ||||||
| Max Healthcare Institute Ltd. | 7,648 | 58,270 | ||||||
| Mazagon Dock Shipbuilders Ltd. | 12,824 | 310,167 | ||||||
| Mphasis Ltd. | 36,046 | 1,019,969 | ||||||
| Muthoot Finance Ltd. | 25,484 | 453,565 | ||||||
| Nestle India Ltd. | 5,401 | 1,569,432 | ||||||
| NHPC Ltd., NVS | 3,451,071 | 2,253,811 | ||||||
| NMDC Ltd. | 207,315 | 451,927 | ||||||
| NTPC Ltd. | 171,146 | 536,752 | ||||||
| Oil & Natural Gas Corp. Ltd. | 234,039 | 546,907 | ||||||
| Oil India Ltd. | 257,136 | 941,707 | ||||||
| Oracle Financial Services Software Ltd. | 11,634 | 560,278 | ||||||
| Page Industries Ltd. | 1,165 | 520,961 | ||||||
| Persistent Systems Ltd. | 2,507 | 192,654 | ||||||
| Pidilite Industries Ltd. | 2,879 | 88,100 | ||||||
| Polycab India Ltd. | 2,667 | 168,663 | ||||||
| Power Finance Corp. Ltd. | 1,252,365 | 5,033,920 | ||||||
| Power Grid Corp. of India Ltd. | 437,712 | 1,097,803 | ||||||
| Procter & Gamble Hygiene & Health Care Ltd. | 710 | 146,778 | ||||||
| REC Ltd. | 756,540 | 3,164,502 | ||||||
| Reliance Industries Ltd. | 186,899 | 5,334,477 | ||||||
| SBI Cards & Payment Services Ltd. | 20,903 | 185,441 | ||||||
| SBI Life Insurance Co. Ltd.(b) | 32,507 | 560,332 | ||||||
| Schaeffler India Ltd. | 4,625 | 157,686 | ||||||
| Solar Industries India Ltd. | 3,093 | 233,483 | ||||||
| SRF Ltd. | 19,884 | 565,140 | ||||||
| Sun Pharmaceutical Industries Ltd. | 30,689 | 451,810 | ||||||
| Supreme Industries Ltd. | 12,741 | 677,889 | ||||||
| Tata Consultancy Services Ltd. | 153,925 | 6,449,613 | ||||||
| Tata Elxsi Ltd. | 9,268 | 918,538 | ||||||
| Tata Motors Ltd., Class A | 344,974 | 1,979,848 | ||||||
| Tata Steel Ltd. | 958,594 | 1,473,126 | ||||||
| Tech Mahindra Ltd. | 63,751 | 934,586 | ||||||
| Tube Investments of India Ltd. | 47,015 | 1,901,340 | ||||||
| Union Bank of India | 155,855 | 201,763 | ||||||
| Varun Beverages Ltd. | 78,844 | 1,046,738 | ||||||
| Vedant Fashions Ltd. | 64,595 | 1,062,122 | ||||||
| Vedanta Ltd. | 20,157 | 56,514 | ||||||
| Wipro Ltd. | 499,882 | 2,475,576 | ||||||
| WNS Holdings Ltd.(a)(c) | 15,648 | 930,743 | ||||||
| 106,390,372 | ||||||||
| Indonesia — 2.1% | ||||||||
| Adaro Energy Indonesia Tbk PT | 3,559,300 | 601,766 | ||||||
| Aneka Tambang Tbk | 439,800 | 49,376 | ||||||
| Avia Avian Tbk PT | 1,455,400 | 45,604 | ||||||
| Bank Central Asia Tbk PT | 5,522,400 | 3,196,273 | ||||||
| Bank CIMB Niaga Tbk PT | 3,013,800 | 331,304 | ||||||
| Bank Mandiri Persero Tbk PT | 2,392,800 | 902,255 | ||||||
| Bank Negara Indonesia Persero Tbk PT | 806,600 | 274,436 | ||||||
3
| Schedule of Investments (unaudited) (continued) | iShares® Emerging Markets Equity Factor ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Indonesia (continued) | ||||||||
| Bank Rakyat Indonesia Persero Tbk PT | 2,545,100 | $ | 866,159 | |||||
| Bukit Asam Tbk PT | 2,706,900 | 422,353 | ||||||
| GoTo Gojek Tokopedia Tbk PT(c) | 33,300,300 | 208,548 | ||||||
| Hanjaya Mandala Sampoerna Tbk PT | 11,597,300 | 714,083 | ||||||
| Indo Tambangraya Megah Tbk PT | 629,800 | 997,367 | ||||||
| Kalbe Farma Tbk PT | 698,700 | 72,836 | ||||||
| Pertamina Geothermal Energy PT(b) | 6,528,200 | 444,052 | ||||||
| Perusahaan Gas Negara Tbk PT | 2,157,500 | 155,213 | ||||||
| Sumber Alfaria Trijaya Tbk PT | 7,731,900 | 1,430,726 | ||||||
| Telkom Indonesia Persero Tbk PT | 2,729,500 | 663,694 | ||||||
| Unilever Indonesia Tbk PT | 1,046,200 | 246,258 | ||||||
| United Tractors Tbk PT | 131,200 | 185,303 | ||||||
| 11,807,606 | ||||||||
| Kuwait — 0.2% | ||||||||
| National Bank of Kuwait SAKP | 426,687 | 1,222,751 | ||||||
| Malaysia — 1.0% | ||||||||
| Axiata Group Bhd | 256,300 | 124,337 | ||||||
| Fraser & Neave Holdings Bhd | 60,000 | 362,614 | ||||||
| Genting Bhd | 324,000 | 325,590 | ||||||
| Hong Leong Bank Bhd | 171,500 | 699,264 | ||||||
| Hong Leong Financial Group Bhd | 104,300 | 360,389 | ||||||
| IJM Corp. Bhd | 147,500 | 57,361 | ||||||
| Malaysia Airports Holdings Bhd | 49,900 | 76,955 | ||||||
| Petronas Chemicals Group Bhd | 64,800 | 100,542 | ||||||
| Petronas Dagangan Bhd | 43,300 | 207,230 | ||||||
| Petronas Gas Bhd | 91,400 | 330,723 | ||||||
| Public Bank Bhd | 975,900 | 894,550 | ||||||
| Sime Darby Bhd | 830,900 | 440,752 | ||||||
| Telekom Malaysia Bhd | 126,200 | 142,768 | ||||||
| Westports Holdings Bhd | 232,900 | 174,820 | ||||||
| YTL Corp. Bhd | 3,778,800 | 1,257,323 | ||||||
| YTL Power International Bhd | 506,000 | 257,509 | ||||||
| 5,812,727 | ||||||||
| Mexico — 2.6% | ||||||||
| America Movil SAB de CV | 1,827,589 | 1,653,074 | ||||||
| Banco del Bajio SA(b) | 659,476 | 2,091,369 | ||||||
| Cemex SAB de CV(a)(c) | 119,671 | 826,927 | ||||||
| Coca-Cola Femsa SAB de CV | 99,270 | 834,351 | ||||||
| Fomento Economico Mexicano SAB de CV | 158,409 | 2,014,531 | ||||||
| Gruma SAB de CV, Class B | 64,335 | 1,192,282 | ||||||
| Grupo Aeroportuario del Pacifico SAB de CV, Class B | 109,366 | 1,665,882 | ||||||
| Grupo Comercial Chedraui SA de CV | 144,246 | 848,027 | ||||||
| Grupo Financiero Banorte SAB de CV, Class O | 140,000 | 1,301,863 | ||||||
| Grupo Mexico SAB de CV, Series B | 138,078 | 632,892 | ||||||
| Wal-Mart de Mexico SAB de CV | 484,865 | 1,900,824 | ||||||
| 14,962,022 | ||||||||
| Netherlands — 0.0% | ||||||||
| NEPI Rockcastle NV | 24,840 | 152,851 | ||||||
| Philippines — 0.6% | ||||||||
| Bank of the Philippine Islands | 690,198 | 1,285,765 | ||||||
| BDO Unibank Inc. | 23,400 | 56,334 | ||||||
| DMCI Holdings Inc. | 1,826,300 | 302,637 | ||||||
| International Container Terminal Services Inc. | 52,430 | 204,050 | ||||||
| Manila Electric Co. | 124,610 | 807,686 | ||||||
| Metropolitan Bank & Trust Co. | 54,950 | 49,464 | ||||||
| PLDT Inc. | 20,355 | 470,279 | ||||||
| Semirara Mining & Power Corp., Class A | 851,900 | 444,450 | ||||||
| 3,620,665 | ||||||||
| Poland — 1.3% | ||||||||
| Bank Millennium SA(c) | 114,409 | 227,033 | ||||||
| Security | Shares | Value | ||||||
| Poland (continued) | ||||||||
| Bank Polska Kasa Opieki SA | 12,644 | $ | 444,213 | |||||
| Budimex SA | 17,277 | 2,394,444 | ||||||
| KGHM Polska Miedz SA | 8,810 | 253,868 | ||||||
| LPP SA | 463 | 1,721,973 | ||||||
| mBank SA(a)(c) | 3,749 | 528,364 | ||||||
| Orange Polska SA | 509,094 | 1,021,902 | ||||||
| PGE Polska Grupa Energetyczna SA(c) | 150,157 | 315,372 | ||||||
| Powszechna Kasa Oszczednosci Bank Polski SA(c) | 21,722 | 258,398 | ||||||
| 7,165,567 | ||||||||
| Qatar — 1.0% | ||||||||
| Ezdan Holding Group QSC(c) | 459,888 | 110,420 | ||||||
| Industries Qatar QSC | 567,389 | 1,946,771 | ||||||
| Mesaieed Petrochemical Holding Co. | 1,377,731 | 635,547 | ||||||
| Ooredoo QPSC | 628,974 | 1,775,184 | ||||||
| Qatar Islamic Bank SAQ | 28,264 | 147,293 | ||||||
| Qatar National Bank QPSC | 319,591 | 1,376,709 | ||||||
| 5,991,924 | ||||||||
| Russia — 0.0% | ||||||||
| Inter RAO UES PJSC(d) | 41,455,000 | 4,607 | ||||||
| PhosAgro PJSC(c)(d) | 51,000 | 6 | ||||||
| PhosAgro PJSC, New(d) | 986 | 10 | ||||||
| TCS Group Holding PLC, GDR(c)(d)(e) | 135,475 | 15 | ||||||
| United Co. RUSAL International PJSC(c)(d) | 3,441,260 | 382 | ||||||
| 5,020 | ||||||||
| Saudi Arabia — 2.6% | ||||||||
| Al Rajhi Bank | 106,522 | 2,171,304 | ||||||
| Alinma Bank | 65,635 | 626,698 | ||||||
| Arab National Bank | 70,112 | 448,657 | ||||||
| Arabian Internet & Communications Services Co. | 709 | 58,870 | ||||||
| Bank AlBilad | 21,702 | 221,311 | ||||||
| Banque Saudi Fransi | 43,566 | 434,714 | ||||||
| Dar Al Arkan Real Estate Development Co.(c) | 79,175 | 314,690 | ||||||
| Dr Sulaiman Al Habib Medical Services Group Co. | 23,140 | 1,734,583 | ||||||
| Elm Co. | 12,249 | 2,433,513 | ||||||
| Etihad Etisalat Co. | 43,102 | 530,804 | ||||||
| Nahdi Medical Co. | 43,209 | 1,563,390 | ||||||
| Riyad Bank | 160,961 | 1,146,314 | ||||||
| Riyadh Cables Group Co. | 41,317 | 866,950 | ||||||
| SABIC Agri-Nutrients Co. | 41,760 | 1,532,651 | ||||||
| Sahara International Petrochemical Co. | 22,945 | 198,274 | ||||||
| Saudi Arabian Mining Co.(c) | 25,347 | 269,376 | ||||||
| Saudi Aramco Base Oil Co. | 8,081 | 295,493 | ||||||
| Saudi Electricity Co. | 48,777 | 234,921 | ||||||
| Saudi Telecom Co. | 10,923 | 112,106 | ||||||
| 15,194,619 | ||||||||
| South Africa — 2.1% | ||||||||
| African Rainbow Minerals Ltd. | 39,668 | 382,387 | ||||||
| Anglo American Platinum Ltd. | 40,713 | 1,723,976 | ||||||
| Bidvest Group Ltd. (The) | 35,252 | 440,892 | ||||||
| Clicks Group Ltd. | 42,397 | 663,778 | ||||||
| Exxaro Resources Ltd. | 75,995 | 758,061 | ||||||
| FirstRand Ltd. | 21,054 | 75,312 | ||||||
| Foschini Group Ltd. (The) | 18,336 | 106,521 | ||||||
| Gold Fields Ltd. | 35,242 | 540,027 | ||||||
| Impala Platinum Holdings Ltd. | 194,691 | 791,655 | ||||||
| MTN Group Ltd. | 240,974 | 1,316,466 | ||||||
| MultiChoice Group(c) | 234,734 | 842,496 | ||||||
| Naspers Ltd., Class N | 1,452 | 267,776 | ||||||
| Nedbank Group Ltd. | 11,771 | 133,500 | ||||||
| Northam Platinum Holdings Ltd. | 93,668 | 604,504 | ||||||
| Sasol Ltd. | 42,746 | 472,227 | ||||||
4
| Schedule of Investments (unaudited) (continued) | iShares® Emerging Markets Equity Factor ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| South Africa (continued) | ||||||||
| Sibanye Stillwater Ltd. | 228,200 | $ | 251,124 | |||||
| Standard Bank Group Ltd. | 92,326 | 980,599 | ||||||
| Woolworths Holdings Ltd. | 493,577 | 1,767,334 | ||||||
| 12,118,635 | ||||||||
| South Korea — 13.3% | ||||||||
| Celltrion Healthcare Co. Ltd. | 3,625 | 208,932 | ||||||
| Celltrion Inc. | 4,607 | 580,253 | ||||||
| CJ CheilJedang Corp. | 252 | 60,274 | ||||||
| CJ Corp. | 12,621 | 896,430 | ||||||
| Coway Co. Ltd.(a) | 27,797 | 1,070,267 | ||||||
| Daewoo Engineering & Construction Co. Ltd.(c) | 17,012 | 61,126 | ||||||
| DB HiTek Co. Ltd. | 22,380 | 1,072,694 | ||||||
| DB Insurance Co. Ltd. | 18,871 | 1,217,584 | ||||||
| DL Holdings Co. Ltd. | 17,761 | 658,066 | ||||||
| Doosan Bobcat Inc. | 18,702 | 658,134 | ||||||
| Ecopro BM Co. Ltd. | 373 | 78,977 | ||||||
| Ecopro Co. Ltd. | 887 | 511,696 | ||||||
| E-MART Inc. | 5,655 | 331,277 | ||||||
| F&F Co. Ltd./New | 5,506 | 365,224 | ||||||
| Hana Financial Group Inc. | 71,760 | 2,308,988 | ||||||
| Hanmi Science Co. Ltd.(a) | 13,233 | 366,271 | ||||||
| Hanmi Semiconductor Co. Ltd. | 7,080 | 347,443 | ||||||
| Hanwha Aerospace Co. Ltd. | 7,237 | 707,787 | ||||||
| HMM Co. Ltd. | 3,702 | 44,343 | ||||||
| Hyosung TNC Corp. | 586 | 172,747 | ||||||
| Hyundai Engineering & Construction Co. Ltd. | 4,288 | 118,864 | ||||||
| Hyundai Glovis Co. Ltd. | 2,913 | 390,928 | ||||||
| Hyundai Marine & Fire Insurance Co. Ltd. | 17,839 | 429,418 | ||||||
| Hyundai Mobis Co. Ltd. | 2,411 | 426,410 | ||||||
| Hyundai Motor Co. | 13,456 | 1,915,922 | ||||||
| Hyundai Rotem Co. Ltd.(c) | 6,439 | 132,470 | ||||||
| KB Financial Group Inc. | 68,044 | 2,751,214 | ||||||
| KCC Corp. | 5,153 | 828,530 | ||||||
| KEPCO Engineering & Construction Co. Inc. | 1,635 | 77,501 | ||||||
| Kia Corp. | 42,794 | 2,843,153 | ||||||
| Korea Aerospace Industries Ltd. | 4,811 | 172,878 | ||||||
| Korea Investment Holdings Co. Ltd. | 20,315 | 939,433 | ||||||
| Krafton Inc.(c) | 767 | 126,074 | ||||||
| KT Corp. | 36,349 | 944,313 | ||||||
| KT&G Corp. | 14,473 | 986,595 | ||||||
| Kum Yang Co. Ltd.(c) | 1,022 | 101,098 | ||||||
| Kumho Petrochemical Co. Ltd. | 2,580 | 254,764 | ||||||
| LG Chem Ltd. | 3,007 | 1,163,303 | ||||||
| LG Display Co. Ltd.(c) | 28,143 | 272,360 | ||||||
| LG Electronics Inc. | 13,123 | 1,040,533 | ||||||
| LG Energy Solution(c) | 1,613 | 565,358 | ||||||
| LG H&H Co. Ltd. | 794 | 205,122 | ||||||
| LG Innotek Co. Ltd. | 3,480 | 640,359 | ||||||
| LG Uplus Corp. | 66,799 | 542,590 | ||||||
| LS Corp. | 4,560 | 298,279 | ||||||
| Meritz Financial Group Inc. | 27,143 | 1,163,830 | ||||||
| NAVER Corp. | 7,290 | 1,171,823 | ||||||
| NCSoft Corp. | 4,132 | 836,669 | ||||||
| Orion Corp. | 6,967 | 629,977 | ||||||
| Pearl Abyss Corp.(c) | 8,702 | 253,115 | ||||||
| POSCO Holdings Inc. | 7,632 | 2,850,136 | ||||||
| Posco International Corp. | 4,496 | 198,654 | ||||||
| Samsung Biologics Co. Ltd.(b)(c) | 2,047 | 1,145,094 | ||||||
| Samsung C&T Corp. | 805 | 74,226 | ||||||
| Samsung Card Co. Ltd. | 22,603 | 577,130 | ||||||
| Samsung Electro-Mechanics Co. Ltd. | 8,752 | 986,238 | ||||||
| Samsung Electronics Co. Ltd. | 445,441 | 25,117,398 | ||||||
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| Samsung Engineering Co. Ltd.(c) | 21,196 | $ | 413,272 | |||||
| Samsung Fire & Marine Insurance Co. Ltd. | 6,245 | 1,255,202 | ||||||
| Samsung SDI Co. Ltd. | 2,218 | 807,632 | ||||||
| Samsung SDS Co. Ltd. | 5,500 | 715,176 | ||||||
| Samsung Securities Co. Ltd. | 19,601 | 594,221 | ||||||
| SD Biosensor Inc. | 61,917 | 542,704 | ||||||
| Seegene Inc. | 62,465 | 1,034,913 | ||||||
| Shinhan Financial Group Co. Ltd. | 79,684 | 2,273,060 | ||||||
| SK Hynix Inc. | 14,699 | 1,525,190 | ||||||
| SK Innovation Co. Ltd.(c) | 1,098 | 121,554 | ||||||
| SK Telecom Co. Ltd. | 12,891 | 521,092 | ||||||
| Wemade Co. Ltd. | 2,158 | 89,432 | ||||||
| Woori Financial Group Inc. | 175,511 | 1,769,289 | ||||||
| 76,553,009 | ||||||||
| Taiwan — 15.8% | ||||||||
| Accton Technology Corp. | 91,000 | 1,548,266 | ||||||
| Acer Inc. | 712,000 | 803,173 | ||||||
| Advantech Co. Ltd. | 59,291 | 669,832 | ||||||
| ASE Technology Holding Co. Ltd. | 208,000 | 849,393 | ||||||
| Asia Vital Components Co. Ltd. | 16,000 | 157,032 | ||||||
| Asustek Computer Inc. | 16,000 | 201,738 | ||||||
| AUO Corp. | 1,594,800 | 836,936 | ||||||
| Cathay Financial Holding Co. Ltd. | 1,450,000 | 2,158,077 | ||||||
| Chicony Electronics Co. Ltd. | 47,000 | 239,800 | ||||||
| China Airlines Ltd. | 185,000 | 125,030 | ||||||
| China Development Financial Holding Corp.(c) | 908,000 | 369,041 | ||||||
| Chunghwa Telecom Co. Ltd. | 115,000 | 439,658 | ||||||
| Compal Electronics Inc. | 72,000 | 71,223 | ||||||
| CTBC Financial Holding Co. Ltd. | 2,000,000 | 1,750,488 | ||||||
| Delta Electronics Inc. | 145,000 | 1,466,574 | ||||||
| Far EasTone Telecommunications Co. Ltd. | 283,000 | 750,676 | ||||||
| Feng TAY Enterprise Co. Ltd. | 70,880 | 416,998 | ||||||
| Formosa Sumco Technology Corp. | 93,000 | 487,493 | ||||||
| Fubon Financial Holding Co. Ltd. | 1,578,950 | 3,254,040 | ||||||
| Giant Manufacturing Co. Ltd. | 16,000 | 97,227 | ||||||
| Gigabyte Technology Co. Ltd. | 122,000 | 971,716 | ||||||
| Global Unichip Corp. | 36,000 | 1,895,651 | ||||||
| Hon Hai Precision Industry Co. Ltd. | 825,000 | 2,679,664 | ||||||
| Inventec Corp. | 220,000 | 298,229 | ||||||
| King Slide Works Co. Ltd. | 24,000 | 670,630 | ||||||
| Kinsus Interconnect Technology Corp. | 22,000 | 69,689 | ||||||
| Largan Precision Co. Ltd. | 2,000 | 152,806 | ||||||
| Lite-On Technology Corp. | 469,718 | 1,651,176 | ||||||
| MediaTek Inc. | 147,000 | 4,439,326 | ||||||
| Mega Financial Holding Co. Ltd. | 175,480 | 221,792 | ||||||
| Micro-Star International Co. Ltd. | 190,000 | 1,115,448 | ||||||
| momo.com Inc. | 16,380 | 271,416 | ||||||
| Nan Ya Plastics Corp. | 224,000 | 487,791 | ||||||
| Nan Ya Printed Circuit Board Corp. | 45,000 | 356,992 | ||||||
| Nien Made Enterprise Co. Ltd. | 26,000 | 282,800 | ||||||
| Novatek Microelectronics Corp. | 171,000 | 2,793,193 | ||||||
| Pou Chen Corp. | 460,000 | 454,184 | ||||||
| President Chain Store Corp. | 111,000 | 956,800 | ||||||
| Quanta Computer Inc. | 178,000 | 1,152,221 | ||||||
| Realtek Semiconductor Corp. | 184,000 | 2,645,729 | ||||||
| Ruentex Industries Ltd. | 536,000 | 1,080,389 | ||||||
| Shanghai Commercial & Savings Bank Ltd. (The) | 781,000 | 1,125,775 | ||||||
| SinoPac Financial Holdings Co. Ltd. | 2,256,840 | 1,364,466 | ||||||
| Synnex Technology International Corp. | 36,000 | 79,212 | ||||||
| Taiwan Cooperative Financial Holding Co. Ltd. | 1,455,550 | 1,253,744 | ||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. | 1,908,000 | 34,901,363 | ||||||
| Unimicron Technology Corp. | 90,000 | 510,256 | ||||||
5
| Schedule of Investments (unaudited) (continued) | iShares® Emerging Markets Equity Factor ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Taiwan (continued) | ||||||||
| Uni-President Enterprises Corp. | 893,000 | $ | 2,084,573 | |||||
| United Microelectronics Corp. | 1,573,000 | 2,459,795 | ||||||
| Voltronic Power Technology Corp. | 17,000 | 873,516 | ||||||
| Wan Hai Lines Ltd. | 134,000 | 200,429 | ||||||
| Winbond Electronics Corp. | 102,979 | 93,395 | ||||||
| Wistron Corp. | 236,000 | 687,590 | ||||||
| Wiwynn Corp. | 22,000 | 1,234,364 | ||||||
| Yang Ming Marine Transport Corp. | 135,000 | 181,642 | ||||||
| Yuanta Financial Holding Co. Ltd. | 2,735,185 | 2,275,747 | ||||||
| Yulon Nissan Motor Co. Ltd. | 9,000 | 54,651 | ||||||
| 90,720,855 | ||||||||
| Thailand — 1.0% | ||||||||
| Advanced Info Service PCL, NVDR | 174,300 | 1,081,159 | ||||||
| Charoen Pokphand Foods PCL, NVDR(a) | 802,100 | 453,320 | ||||||
| Com7 PCL, NVDR(a) | 475,800 | 309,985 | ||||||
| Delta Electronics Thailand PCL, NVDR | 474,300 | 1,050,185 | ||||||
| Kasikornbank PCL, NVDR | 45,600 | 165,911 | ||||||
| Krung Thai Bank PCL, NVDR | 1,524,000 | 788,870 | ||||||
| Krungthai Card PCL, NVDR | 317,400 | 421,987 | ||||||
| MK Restaurants Group PCL, NVDR | 352,500 | 398,355 | ||||||
| PTT Exploration & Production PCL, NVDR | 94,500 | 405,660 | ||||||
| SCB X PCL, NVS | 128,100 | 361,549 | ||||||
| Thai Life Insurance PCL(a) | 1,826,200 | 505,698 | ||||||
| TOA Paint Thailand PCL, NVDR | 111,900 | 67,527 | ||||||
| 6,010,206 | ||||||||
| Turkey — 1.1% | ||||||||
| Akbank TAS | 245,108 | 285,916 | ||||||
| Anadolu Efes Biracilik Ve Malt Sanayii AS | 229,948 | 881,465 | ||||||
| BIM Birlesik Magazalar AS | 90,015 | 960,972 | ||||||
| Ford Otomotiv Sanayi AS | 14,737 | 429,219 | ||||||
| KOC Holding AS | 205,958 | 1,007,917 | ||||||
| Tofas Turk Otomobil Fabrikasi AS | 108,551 | 896,270 | ||||||
| Turk Telekomunikasyon AS(c) | 259,559 | 214,837 | ||||||
| Turk Traktor ve Ziraat Makineleri AS | 22,164 | 530,012 | ||||||
| Turkcell Iletisim Hizmetleri AS(c) | 303,934 | 608,915 | ||||||
| Turkiye Garanti Bankasi AS(a) | 265,313 | 496,625 | ||||||
| Yapi ve Kredi Bankasi AS | 311,275 | 207,344 | ||||||
| 6,519,492 | ||||||||
| United Arab Emirates — 2.2% | ||||||||
| Abu Dhabi Islamic Bank PJSC | 934,664 | 2,595,900 | ||||||
| Abu Dhabi National Energy Co. PJSC | 65,286 | 57,774 | ||||||
| Abu Dhabi National Oil Co. for Distribution PJSC | 1,332,630 | 1,378,877 | ||||||
| Dubai Electricity & Water Authority PJSC | 2,419,065 | 1,666,481 | ||||||
| Emaar Properties PJSC | 360,304 | 744,261 | ||||||
| Emirates NBD Bank PJSC | 171,912 | 823,856 | ||||||
| Emirates Telecommunications Group Co. PJSC | 194,166 | 1,021,439 | ||||||
| Fertiglobe PLC | 1,803,019 | 1,556,295 | ||||||
| First Abu Dhabi Bank PJSC | 164,936 | 616,172 | ||||||
| International Holding Co. PJSC(c) | 18,153 | 1,974,683 | ||||||
| 12,435,738 | ||||||||
| Total Common Stocks — 98.4% | ||||||||
| (Cost: $540,591,807) | 567,208,941 | |||||||
| Security | Shares | Value | ||||||
| Preferred Stocks | ||||||||
| Brazil — 1.3% | ||||||||
| Banco Bradesco SA, Preference Shares, NVS | 178,907 | $ | 591,383 | |||||
| Cia. Energetica de Minas Gerais, Preference Shares, NVS | 22,663 | 50,971 | ||||||
| Gerdau SA, Preference Shares, NVS | 288,526 | 1,280,827 | ||||||
| Itau Unibanco Holding SA, Preference Shares, NVS | 452,586 | 2,904,723 | ||||||
| Petroleo Brasileiro SA, Preference Shares, NVS | 337,868 | 2,464,997 | ||||||
| 7,292,901 | ||||||||
| Chile — 0.1% | ||||||||
| Sociedad Quimica y Minera de Chile SA, Class B, Preference Shares | 13,610 | 688,803 | ||||||
| South Korea — 0.2% | ||||||||
| Kumho Petrochemical Co. Ltd., Preference Shares | 4,529 | 224,127 | ||||||
| Samsung Electronics Co. Ltd., Preference Shares, NVS | 14,218 | 637,839 | ||||||
| 861,966 | ||||||||
| Total Preferred Stocks — 1.6% | ||||||||
| (Cost: $7,599,206) | 8,843,670 | |||||||
| Total Long-Term Investments — 100.0% | ||||||||
| (Cost: $548,191,013) | 576,052,611 | |||||||
| Short-Term Securities | ||||||||
| Money Market Funds — 1.3% | ||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%(f)(g)(h) | 3,940,286 | 3,942,256 | ||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 5.34%(f)(g) | 3,880,000 | 3,880,000 | ||||||
| Total Short-Term Securities — 1.3% | ||||||||
| (Cost: $7,820,206) | 7,822,256 | |||||||
| Total Investments — 101.3% | ||||||||
| (Cost: $556,011,219) | 583,874,867 | |||||||
| Liabilities in Excess of Other Assets — (1.3)% | (7,619,209 | ) | ||||||
| Net Assets — 100.0% | $ | 576,255,658 |
| (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. |
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| Schedule of Investments (unaudited) (continued) | iShares® Emerging Markets Equity 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 | $ | 15,390,096 | $ | — | $ | (11,449,466 | )(a) | $ | 1,185 | $ | 441 | $ | 3,942,256 | 3,940,286 | $ | 53,541 | (b) | $ | — | |||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares | — | 3,880,000 | (a) | — | — | — | 3,880,000 | 3,880,000 | 16,862 | — | ||||||||||||||||||||||||||
| $ | 1,185 | $ | 441 | $ | 7,822,256 | $ | 70,403 | $ | — | |||||||||||||||||||||||||||
| (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. |
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 | $ | 93,561,698 | $ | 473,642,223 | $ | 5,020 | $ | 567,208,941 | ||||||||
| Preferred Stocks | 7,292,901 | 1,550,769 | — | 8,843,670 | ||||||||||||
| Short-Term Securities | ||||||||||||||||
| Money Market Funds | 7,822,256 | — | — | 7,822,256 | ||||||||||||
| $ | 108,676,855 | $ | 475,192,992 | $ | 5,020 | $ | 583,874,867 | |||||||||
| Portfolio Abbreviation | |
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| NVDR | Non-Voting Depositary Receipt |
| NVS | Non-Voting Shares |
| PJSC | Public Joint Stock Company |
7