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.

6

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